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.

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Former SEC-registered adviser

S•••••••• F••••••••• I•••

Former SEC-registered adviserPhoenix, ArizonaCRD 133763SEC 801-64721IAPD
Latest filing Sep 18, 2023
First filing on the tape Nov 28, 2011 · 154 filings
RAUM
$16B
reported, Item 5.F
Discretionary
81%
of RAUM
Private clients
97%
$16B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
3,563
967 advisory (5.B.1)
Offices
770
beyond the principal office
Private funds
0
reported on Schedule D
History
154 filings and snapshots on the tape
RAUM$16B as of Mar 31, 2023
Mar 30, 2012$2.0B then
HNW client RAUM$6.5B as of Mar 31, 2023
Mar 29, 2018$2.5B then
State-registered IARs (5.B.3)1,196 as of Mar 31, 2023
Mar 30, 20120 then
Employees (5.A)3,563 as of Mar 31, 2023
Apr 1, 20131,420 then
Private funds: no history
RAUM +1.4% over the last fiscal year+18% a year over threeIARs 1,233 to 1,196offices 519 to 770
Practice profile
derived from the filing of Sep 18, 2023; every figure names its basis
RAUM per advisor
$13.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
48derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.1MderivedHNW RAUM over HNW clients
Average account
$189,744derivedRAUM over accounts (5.F.2.f)
Discretionary
81%derivedof RAUM
Institutional
1.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.0derivedItem 5.A over advisors
Advisors per office
1.6derived771 offices incl. principal (1.F.5)
RAUM growth, one year
+1.4%derivedbetween the last two annual amendments
Advisor growth, one year
-3.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+30%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
Financial planning clients
1,147reportedItem 5.H
Wrap fee program
participatesreportedItem 5.I
Custody
$194M, 385 clientsreportedItem 9.A
Ownership
a PE fund or sponsor is a 25 percent or greater owner on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a broker-dealer (6.A.1)
  • is an insurance broker or agent (6.A.6)
  • 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • marketing includes testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$9.5B57%
  • High-net-worth individuals$6.5B39%
  • Corporations and businesses$361M2.2%
  • Pension and profit-sharing plans$104M0.6%
  • Charitable organizations$70.9M0.4%
  • State and municipal entities$15.1M0.1%
  • Pooled investment vehicles$201,9550.0%
Individual clients
51,083reported
HNW clients
5,993reported
Pension plan clients
145reported
Charitable clients
113reported
Accounts
86,848reported
Financial planning clients
1,147reported
Wrap fee programs
$0 sponsored, $11B managedreported
Custody of client assets
$194M for 385 clientsreported
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
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • B••••••••• M••••• R•••• · Investment Managercontrol
    since 08/2014 · owns F of M•• I••• L••
  • B••••••••• M••••• R•••• · General Partnercontrol
    since 08/2014 · owns F of R•• G••••• L•
  • B••••••••• M••••• R•••• · Trusteecontrol
    since 06/2••• · owns 25% to 50% of T•• B•••••••• F••••• 2••• T••••
  • B••••••••• M••••• R•••• · Membercontrol
    since 08/2014 · owns 25% to 50% of R•• G••••• H••••• L••
  • C••••••• G•••••• A•••• · Ceo And President
    since 09/2023 · owns less than 5%
  • G•••• J•••• · Svp, Chief Regulatory Officer
    since 09/2023 · owns less than 5%
  • H••••• C•••••• A•• · Chief Operations Officer
    since 05/2017 · owns less than 5%
  • H••••••• D••• J•••••• · Chief Compliance Officer
    since 09/2023 · owns less than 5%
  • N•••••••• I•••• Y••••••••• · Chief Compliance Officer, Ia
    since 08/2023 · owns less than 5%
  • P••••• J•••• D••• · Chairman
    since 11/2016 · owns less than 5%
  • S••••••••• M•••••• A••• · Evp, Director
    since 03/2019 · owns less than 5%
  • S••••••• D•••• M••••• · Treasurer, Financial And Operations P••••••••
    since 03/2017 · owns less than 5%
Entity owners
  • O••••• I••• · Shareholder
    direct · owns 75% or more
  • A• A•••••• H••••••• G•• L•• · General Partner
    indirect · owns F of A• A•••••• H•••••••• L•••
  • A• A•••••• H•••••••• L••• · Shareholder
    indirect · owns 75% or more of A• I••••••••• C•••••••••
  • A• I••••••••• C••••••••• · Shareholder
    indirect · owns 75% or more of O•••• Financial Service, Inc.
  • A• P••••• C••••••••• · Shareholder
    indirect · owns 75% or more of O•••• H•••••••• I•••
  • M•• I••• L•• · Member
    indirect · owns 25% to 50% of R•• G••••• H••••• L••
  • O•••• F•••••••• S•••••••• I••• · Shareholder
    indirect · owns 75% or more of A• P••••• C•••••••••
  • O•••• H•••••••• I••• · Shareholder
    indirect · owns 75% or more of O••••• I•••
  • R•• A•••••• C•••••••• G• L•• · General Partner
    indirect · owns F of R•• A•••••• C••••••••• L•••
  • R•• A•••••• C••••••••• L••• · Limited Partner
    indirect · owns 50% to 75% of A• A•••••• H•••••••• L•••
  • R•• G••••• H••••• L•• · Limited Partner
    indirect · owns 75% or more of R•• G••••• L•
  • R•• G••••• L• · Limited Partner
    indirect · owns 75% or more of R•• O•• F••• I• G•• L•
  • R•• O•• F••• I• G•• L• · Limited Partner
    indirect · owns 75% or more of Rcp A•••••• C•••••••• Gp, LLC
  • T•• B•••••••• F••••• 2••• T•••• · Member
    indirect · owns 75% or more of M•• I••• L••
Related persons
Schedule D 7.A
Advisers that list S•••••••• F••••••••• I••• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Phoenix, Az · principal000
Offices
Schedule D 1.F, the 25 largest
  • Fort Lauderd•••, FL19 employees
  • Milwaukee, WI17 employees
  • Newbury Park, CA13 employees
  • Camarillo, CA12 employees
  • Carlsbad, CA11 employees
  • The Woodlands, TX10 employees
  • Westborough, MA9 employees
  • Lake Oswego, OR9 employees
  • Honolulu, HI8 employees
  • Syracuse, NY8 employees
  • Braintree, MA8 employees
  • Sterling Heights, MI8 employees
  • St Louis Park, MN8 employees
  • S••••Sd•••, AZ8 employees
  • Wausau, WI7 employees
  • San D••••, CA7 employees
  • Gardena, CA7 employees
  • Forest Lake, MN7 employees
  • Youngstown, OH6 employees
  • Deptford, NJ6 employees
  • Newport Beach, CA6 employees
  • Cranston, RI6 employees
  • Lancaster, PA5 employees
  • Provo, UT5 employees
  • Omaha, NE5 employees
What changed
consecutive filings, newest first
  • Accounts · 64,353 to 86,848
    Mar 27, 2023 to Mar 31, 2023
  • Advisory employees · 920 to 967
    Mar 27, 2023 to Mar 31, 2023
  • BD registered reps · 1,279 to 1,438
    Mar 27, 2023 to Mar 31, 2023
  • Charity clients · 102 to 113
    Mar 27, 2023 to Mar 31, 2023
  • Corporate clients · 297 to 359
    Mar 27, 2023 to Mar 31, 2023
  • HNW clients · 7,475 to 5,993
    Mar 27, 2023 to Mar 31, 2023
  • Individual clients · 36,332 to 51,083
    Mar 27, 2023 to Mar 31, 2023
  • Pension plan clients · 92 to 145
    Mar 27, 2023 to Mar 31, 2023
  • Assets in custody · $207M to $194M
    Mar 27, 2023 to Mar 31, 2023
  • Employees · 2,845 to 3,563
    Mar 27, 2023 to Mar 31, 2023
  • Insurance-licensed employees · 20 to 75
    Mar 27, 2023 to Mar 31, 2023
  • State-registered IARs · 1,233 to 1,196
    Mar 27, 2023 to Mar 31, 2023
  • Other offices · 519 to 770
    Mar 27, 2023 to Mar 31, 2023
  • Discretionary RAUM · $14B to $13B
    Mar 27, 2023 to Mar 31, 2023
  • HNW RAUM · $6.7B to $6.5B
    Mar 27, 2023 to Mar 31, 2023
  • Individual RAUM · $9.0B to $9.5B
    Mar 27, 2023 to Mar 31, 2023
  • Non-discretionary RAUM · $2.7B to $3.1B
    Mar 27, 2023 to Mar 31, 2023
  • Pension RAUM · $68.6M to $104M
    Mar 27, 2023 to Mar 31, 2023
  • Pooled vehicle RAUM · $246,999 to $201,955
    Mar 27, 2023 to Mar 31, 2023
  • RAUM · $16B to $16B
    Mar 27, 2023 to Mar 31, 2023
  • Wrap assets (manager) · $13B to $11B
    Mar 27, 2023 to Mar 31, 2023
  • Accounts · 53,729 to 64,353
    Mar 7, 2022 to Mar 31, 2022
  • Advisory employees · 927 to 920
    Mar 7, 2022 to Mar 31, 2022
  • BD registered reps · 1,213 to 1,279
    Mar 7, 2022 to Mar 31, 2022
  • Charity clients · 89 to 102
    Mar 7, 2022 to Mar 31, 2022
  • Corporate clients · 271 to 297
    Mar 7, 2022 to Mar 31, 2022
  • HNW clients · 6,190 to 7,475
    Mar 7, 2022 to Mar 31, 2022
  • Individual clients · 31,227 to 36,332
    Mar 7, 2022 to Mar 31, 2022
  • Pension plan clients · 95 to 92
    Mar 7, 2022 to Mar 31, 2022
  • Assets in custody · $137M to $207M
    Mar 7, 2022 to Mar 31, 2022
  • Employees · 2,656 to 2,845
    Mar 7, 2022 to Mar 31, 2022
  • Insurance-licensed employees · 23 to 20
    Mar 7, 2022 to Mar 31, 2022
  • State-registered IARs · 952 to 1,233
    Mar 7, 2022 to Mar 31, 2022
  • Other offices · 531 to 519
    Mar 7, 2022 to Mar 31, 2022
  • Discretionary RAUM · $10B to $14B
    Mar 7, 2022 to Mar 31, 2022
  • HNW RAUM · $5.1B to $6.7B
    Mar 7, 2022 to Mar 31, 2022
  • Individual RAUM · $6.9B to $9.0B
    Mar 7, 2022 to Mar 31, 2022
  • Non-discretionary RAUM · $2.2B to $2.7B
    Mar 7, 2022 to Mar 31, 2022
  • Pension RAUM · $61.1M to $68.6M
    Mar 7, 2022 to Mar 31, 2022
  • Pooled vehicle RAUM · $229,352 to $246,999
    Mar 7, 2022 to Mar 31, 2022
Signals
60 dated events
  • B•• F•••••••• A•••••••• L••'s advisors moved to S•••••••• F••••••••• I••• (Rapid City, SD): 3 of 4 registered, on the same day
    Nov 9, 2023 · Firm absorbed (people side) · derived
  • D•••••• M••••• S•• left S•••••••• F••••••••• I••• for A••••••••• I••• (registered 2024-06-13)
    Sep 29, 2023 · Advisor changed firm · fact
  • D•••••• M••••• S•• (Ceo, President, Director) no longer on Schedule A of S•••••••• F••••••••• I••• (listed 2023-08-21, absent 2023-09-18)
    Sep 18, 2023 · Control person left · inference
  • C••••••• C••• left S•••••••• F••••••••• I••• for L•• F•••••••• L•• (registered 2023-08-30)
    Sep 2, 2023 · Advisor changed firm · fact
  • S•••• A•••• W•••••• left S•••••••• F••••••••• I••• for L•• F•••••••• L•• (registered 2023-08-30)
    Sep 2, 2023 · Advisor changed firm · fact
  • L•••• R•••• L•••• left S•••••••• F••••••••• I••• for T•• A•••••••• G•••• (registered 2020-07-09)
    Sep 1, 2023 · Advisor changed firm · fact
  • D••• M••• C••••• left S•••••••• F••••••••• I••• for O•••• I••••••••• I••• (registered 2026-07-01)
    Sep 1, 2023 · Advisor changed firm · fact
  • N••••••• P••• S••• left S•••••••• F••••••••• I••• for T•••• S••••• A•••••••• L•• (registered 2022-07-22)
    Sep 1, 2023 · Advisor changed firm · fact
  • M•••••• J••• A•••••••• left S•••••••• F••••••••• I••• for T•••• S••••• A•••••••• L•• (registered 2022-07-22)
    Sep 1, 2023 · Advisor changed firm · fact
  • B•••• R•••• A••••••• left S•••••••• F••••••••• I••• for T•• A•••••••• G•••• (registered 2023-02-21)
    Sep 1, 2023 · Advisor changed firm · fact
  • J••••• J••• L••• left S•••••••• F••••••••• I••• for T•• A•••••••• G•••• (registered 2022-11-30)
    Sep 1, 2023 · Advisor changed firm · fact
  • G••• L••• G•••••• left S•••••••• F••••••••• I••• for M•• S••••••••• L•• (registered 2014-11-06)
    Sep 1, 2023 · Advisor changed firm · fact
  • J•••• C•••• H••••••••• left S•••••••• F••••••••• I••• for T•••• S••••• A•••••••• L•• (registered 2022-07-26)
    Sep 1, 2023 · Advisor changed firm · fact
  • J••••• L•• left S•••••••• F••••••••• I••• for P••••• F•••••••• S•••••••• L•• (registered 2022-03-02)
    Sep 1, 2023 · Advisor changed firm · fact
  • D•••• M••• E•••••••• left S•••••••• F••••••••• I••• for I••••••••• W••••• C••••••• L•• (registered 2023-03-27)
    Sep 1, 2023 · Advisor changed firm · fact
  • T••••• J• G•••••• left S•••••••• F••••••••• I••• for T•• A•••••••• G•••• (registered 2020-01-10)
    Sep 1, 2023 · Advisor changed firm · fact
  • J••• J• K•• left S•••••••• F••••••••• I••• for G••••• K••••••• W••••• • I••••••••• M••••••••• (registered 2023-08-25)
    Sep 1, 2023 · Advisor changed firm · fact
  • M••• A••• S••••• left S•••••••• F••••••••• I••• for T• • D• A••••••• I••••••••• (registered 2011-04-22)
    Sep 1, 2023 · Advisor changed firm · fact
  • J••••••• L••• D•••• left S•••••••• F••••••••• I••• for V•••• F•••••••• A•••••••• I••• (registered 2016-02-10)
    Sep 1, 2023 · Advisor changed firm · fact
  • C••••••••• J• M••••• left S•••••••• F••••••••• I••• for T•• A•••••••• G•••• (registered 2020-03-06)
    Sep 1, 2023 · Advisor changed firm · fact
  • K•••• J••• S••• left S•••••••• F••••••••• I••• for T•••• S••••• A•••••••• L•• (registered 2022-07-22)
    Sep 1, 2023 · Advisor changed firm · fact
  • S•••• A••••• M••••• left S•••••••• F••••••••• I••• for I••••••••• W••••• C••••••• L•• (registered 2022-07-14)
    Sep 1, 2023 · Advisor changed firm · fact
  • D••• A••• H••••• left S•••••••• F••••••••• I••• for H••••• A•••• M••••••••• L•• (registered 2019-06-11)
    Sep 1, 2023 · Advisor changed firm · fact
  • M•••••• B•••• P••••••••• left S•••••••• F••••••••• I••• for T•• A•••••••• G•••• (registered 2020-01-07)
    Sep 1, 2023 · Advisor changed firm · fact
  • E••• J••• K•••••• left S•••••••• F••••••••• I••• for K•••••• F•••••••• (registered 2022-03-17)
    Sep 1, 2023 · Advisor changed firm · fact
  • C••• T••• S•••••••• left S•••••••• F••••••••• I••• for S•• D•••• W••••• M••••••••• L•• (registered 2011-04-06)
    Sep 1, 2023 · Advisor changed firm · fact
  • M••• F• S••• left S•••••••• F••••••••• I••• for B• • C• W••••• M••••••••• (registered 2008-05-06)
    Sep 1, 2023 · Advisor changed firm · fact
  • D•••• C••••••••• W••••• left S•••••••• F••••••••• I••• for H••••• A•••• M••••••••• L•• (registered 2019-06-12)
    Sep 1, 2023 · Advisor changed firm · fact
  • B••• P••••• K•••• left S•••••••• F••••••••• I••• for S••••• F•••••••• A••••• (registered 2009-03-06)
    Sep 1, 2023 · Advisor changed firm · fact
  • L••• L••••••••• L•• left S•••••••• F••••••••• I••• for B• • C• W••••• M••••••••• (registered 2008-05-06)
    Sep 1, 2023 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
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