DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Opes Advisors, Inc.

Former SEC-registered adviserCupertino, CaliforniaCRD 132996SEC 801-64768IAPD
Latest filing Mar 31, 2017
First filing on the tape Mar 28, 2012 · 7 filings
RAUM
$335M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
500
50 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$335M as of Mar 31, 2017
Mar 28, 2012$155M then
HNW client RAUM: no history
State-registered IARs (5.B.3)50 as of Mar 31, 2017
Mar 28, 20120 then
Employees (5.A)500 as of Mar 31, 2017
Mar 20, 2013425 then
Private funds: no history
RAUM +12% over the last fiscal year+7.9% a year over threeIARs 52 to 50
Practice profile
derived from the filing of Mar 31, 2017; every figure names its basis
RAUM per advisor
$6.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$349,297derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
10.0derivedItem 5.A over advisors
Advisors per office
2.1derived24 offices incl. principal (1.F.5)
RAUM growth, one year
+12%derivedbetween the last two annual amendments
Advisor growth, one year
-3.8%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
959reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Townsend Mark Duvall · Chief Investment Officercontrol
      since 03/2005 · owns 10% to 25%
    • Barth Alex Katz · Vice President Business Developmentcontrol
      since 04/2012 · owns less than 5%
    • Jongmin Jonathan Lee · Chairmancontrol
      since 06/2004 · owns 25% to 50%
    • Kay Susan Mchan · Presidentcontrol
      since 06/2004 · owns 50% to 75%
    • Forrest David Firth · Chief Compliance Officer
      since 09/2005 · owns less than 5%
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    • Bellevue, WA
    • Campbell, CA
    • Cupertino, CA
    • Eugene, OR
    • Kirkland, WA
    • Larkspur, CA
    • Livermore, CA
    • Los Altos, CA
    • Los Gatos, CA
    • Menlo Park, CA
    • Morgan Hill, CA
    • Palo Alto, CA
    • Pleasanton, CA
    • Pleasanton, CA
    • San Francisco, CA
    • San Francisco, CA
    • San Luis Obispo, CA
    • San Mateo, CA
    • Santa Barbara, CA
    • Santa Barbara, CA
    • Santa Cruz, CA
    • Seattle, WA
    • Vacaville, CA
    What changed
    consecutive filings, newest first
    • Accounts · 874 to 959
      Mar 31, 2016 to Mar 31, 2017
    • Advisory employees · 52 to 50
      Mar 31, 2016 to Mar 31, 2017
    • State-registered IARs · 52 to 50
      Mar 31, 2016 to Mar 31, 2017
    • Discretionary RAUM · $299M to $335M
      Mar 31, 2016 to Mar 31, 2017
    • RAUM · $299M to $335M
      Mar 31, 2016 to Mar 31, 2017
    • Accounts · 792 to 874
      Mar 31, 2015 to Mar 31, 2016
    • Advisory employees · 20 to 52
      Mar 31, 2015 to Mar 31, 2016
    • Advisory activities · 2 to 3
      Mar 31, 2015 to Mar 31, 2016
    • Financial planning clients · 101-250 to 251-500
      Mar 31, 2015 to Mar 31, 2016
    • Discretionary RAUM · $287M to $299M
      Mar 31, 2015 to Mar 31, 2016
    • RAUM · $287M to $299M
      Mar 31, 2015 to Mar 31, 2016
    • Accounts · 716 to 792
      Jun 26, 2014 to Mar 31, 2015
    • Employees · 425 to 500
      Jun 26, 2014 to Mar 31, 2015
    • State-registered IARs · 18 to 52
      Jun 26, 2014 to Mar 31, 2015
    • Discretionary RAUM · $266M to $287M
      Jun 26, 2014 to Mar 31, 2015
    • RAUM · $266M to $287M
      Jun 26, 2014 to Mar 31, 2015
    • HQ city · PALO ALTO to CUPERTINO
      Mar 26, 2014 to Jun 26, 2014
    • Accounts · 694 to 716
      Mar 20, 2013 to Mar 26, 2014
    • Discretionary RAUM · $207M to $266M
      Mar 20, 2013 to Mar 26, 2014
    • RAUM · $207M to $266M
      Mar 20, 2013 to Mar 26, 2014
    • Accounts · 172 to 694
      Mar 28, 2012 to Mar 20, 2013
    • Advisory employees · unset to 20.0
      Mar 28, 2012 to Mar 20, 2013
    • Employees · unset to 425.0
      Mar 28, 2012 to Mar 20, 2013
    • State-registered IARs · 0 to 18
      Mar 28, 2012 to Mar 20, 2013
    • Discretionary RAUM · $155M to $207M
      Mar 28, 2012 to Mar 20, 2013
    • RAUM · $155M to $207M
      Mar 28, 2012 to Mar 20, 2013
    Signals
    No event on the tape.
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026