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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
SEC-registered adviser
A•••• I••••••••• A•••••••• L••
Latest filing Apr 23, 2026
First filing on the tape Mar 28, 2012 · 28 filings
SEC status approved since Feb 23, 2005
RAUM
$356M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$354M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$89.0M
derived; firm RAUM over IAPD count
Employees
6
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$356M as of Apr 23, 2026
Mar 28, 2012$136M then
HNW client RAUM$330M as of Apr 23, 2026
Mar 15, 2018$131M then
State-registered IARs (5.B.3)4 as of Apr 23, 2026
Mar 28, 20120 then
Employees (5.A)6 as of Apr 23, 2026
Mar 11, 20135 then
Private funds: no history
RAUM -8.4% over the last fiscal year+6.6% a year over threeIARs 5 to 4
Practice profile
derived from the filing of Apr 23, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $89.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 50derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.0MderivedHNW RAUM over HNW clients
- Average account
- $1.7MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -8.4%derivedbetween the last two annual amendments
- Advisor growth, one year
- -20%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +2.6%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 seminars, otherreportedItem 5.G
- Custody
- $90.0M, 54 clientsreportedItem 9.A
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$330M93%
- Individuals$24.6M6.9%
- Corporations and businesses$1.0M0.3%
- Charitable organizations$368,8920.1%
- Pension and profit-sharing plans$288,6530.1%
- Individual clients
- 91reported
- HNW clients
- 110reported
- Pension plan clients
- 1reported
- Charitable clients
- 1reported
- Accounts
- 206reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $90.0M for 54 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| J••• V••••• P•••••••••Certified Financial Planner | Raleigh, Nc | Jan 14, 2008 | 19 y | 0 |
| M•••••• C•••• M•••••Certified Financial Planner | Raleigh, Nc | Mar 13, 2014 | 19 y | 0 |
| G••••• F•••••• S•••••••Certified Financial Planner | Raleigh, Nc | Nov 28, 2018 | 18 y | 0 |
| A•••••• R••• M•••••Certified Financial Planner | Raleigh, Nc | Apr 17, 2020 | 10 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount2 left over 36 months
Left, latest
- A••• J• M••••• to L•• F•••••••• L••Nov 18, 2024 · RIA to affiliated broker-dealer or bank
- A••••• R••••• H••••• to F•••• O•• W••••• M••••••••• L••Feb 20, 2024 · RIA to RIA
Joined, latest
- A••••• R••••• H••••• from F•••• C••••••• I••••••• S•••••••• I•••Sep 27, 2022 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- M•••••• M••••••• C•••• · Chief Financial Officercontrolsince 01/2017 · owns 10% to 25%
- P••••••••• J•••• V••••• · Chief Executive Officercontrolsince 06/2007 · owns 25% to 50%
- S•••••••• G•••••• F•••••• · Chief Operating Officer And Chief Compliance Officercontrolsince 03/2020 · owns 10% to 25%
- M•••••• A••••••• R••• · Membersince 01/2022 · owns 5% to 10%
- M•••••• A•••• J••• · Membersince 01/2022 · owns 5% to 10%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Raleigh, Nc · principal | 4 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- institutional to wealth shiftCombination · filing Apr 23, 2026institutional share fell 15 points or more while private-client share rose 15 points or more. RAUM $388,582,315 to $355,950,613, advisors 5 to 4, private clients 196 to 201, offices 0 to 0 (2025-03-28 to 2026-04-23)peers: independent wealth managers, $100M to $500M (5,678)
- client mix shiftChange between filings · filing Apr 23, 2026private-client share of RAUM moved from 81.0% to 100.0% between the annual amendments of 2025-03-28 and 2026-04-23peers: independent wealth managers, $100M to $500M (5,678)
- HNW share shiftChange between filings · filing Apr 23, 2026HNW share of RAUM moved from 75.0% to 93.0% between the annual amendments of 2025-03-28 and 2026-04-23peers: independent wealth managers, $100M to $500M (5,678)
- institutional asset share shiftChange between filings · filing Apr 23, 2026institutional share of RAUM moved from 19.0% to 0.0% between the annual amendments of 2025-03-28 and 2026-04-23peers: independent wealth managers, $100M to $500M (5,678)
What changed
consecutive filings, newest first
- Accounts · 203 to 206Mar 28, 2025 to Mar 6, 2026
- Advisory employees · 5 to 4Mar 28, 2025 to Mar 6, 2026
- Charity clients · 2 to 1Mar 28, 2025 to Mar 6, 2026
- Corporate clients · 4 to 3Mar 28, 2025 to Mar 6, 2026
- HNW clients · 99 to 110Mar 28, 2025 to Mar 6, 2026
- Individual clients · 97 to 91Mar 28, 2025 to Mar 6, 2026
- Assets in custody · $79.3M to $90.0MMar 28, 2025 to Mar 6, 2026
- Employees · 7 to 6Mar 28, 2025 to Mar 6, 2026
- State-registered IARs · 5 to 4Mar 28, 2025 to Mar 6, 2026
- Discretionary RAUM · $389M to $356MMar 28, 2025 to Mar 6, 2026
- HNW RAUM · $292M to $330MMar 28, 2025 to Mar 6, 2026
- Individual RAUM · $23.5M to $24.6MMar 28, 2025 to Mar 6, 2026
- Pension RAUM · $119,254 to $288,653Mar 28, 2025 to Mar 6, 2026
- RAUM · $389M to $356MMar 28, 2025 to Mar 6, 2026
- Accounts · 189 to 203Dec 9, 2024 to Mar 28, 2025
- HNW clients · 85 to 99Dec 9, 2024 to Mar 28, 2025
- Individual clients · 98 to 97Dec 9, 2024 to Mar 28, 2025
- Pension plan clients · unset to 1.0Dec 9, 2024 to Mar 28, 2025
- Assets in custody · $76.4M to $79.3MDec 9, 2024 to Mar 28, 2025
- Financial planning clients · 0 to 0Dec 9, 2024 to Mar 28, 2025
- Discretionary RAUM · $340M to $389MDec 9, 2024 to Mar 28, 2025
- HNW RAUM · $244M to $292MDec 9, 2024 to Mar 28, 2025
- Individual RAUM · $25.7M to $23.5MDec 9, 2024 to Mar 28, 2025
- Pension RAUM · unset to 119254.0Dec 9, 2024 to Mar 28, 2025
- RAUM · $340M to $389MDec 9, 2024 to Mar 28, 2025
- Advisory employees · 6 to 5Feb 20, 2024 to Dec 9, 2024
- Employees · 8 to 7Feb 20, 2024 to Dec 9, 2024
- State-registered IARs · 6 to 5Feb 20, 2024 to Dec 9, 2024
- Financial planning clients · 1-10 to 0Mar 28, 2023 to Feb 20, 2024
- State-registered IARs · 7 to 6Mar 28, 2023 to Feb 20, 2024
- Discretionary RAUM · $294M to $340MMar 28, 2023 to Feb 20, 2024
- HNW RAUM · $204M to $244MMar 28, 2023 to Feb 20, 2024
- Individual RAUM · $25.4M to $25.7MMar 28, 2023 to Feb 20, 2024
- RAUM · $294M to $340MMar 28, 2023 to Feb 20, 2024
- Accounts · 177 to 189Mar 28, 2023 to Feb 20, 2024
- Advisory employees · 7 to 6Mar 28, 2023 to Feb 20, 2024
- Corporate clients · 3 to 4Mar 28, 2023 to Feb 20, 2024
- HNW clients · 76 to 85Mar 28, 2023 to Feb 20, 2024
- Individual clients · 96 to 98Mar 28, 2023 to Feb 20, 2024
- Assets in custody · $28.1M to $76.4MMar 28, 2023 to Feb 20, 2024
Signals
4 dated events
- A••• J• M••••• left A•••• I••••••••• A•••••••• L•• for L•• F•••••••• L•• (registered 2026-01-13)Nov 18, 2024 · Advisor changed firm · fact
- A••••• R••••• H••••• left A•••• I••••••••• A•••••••• L•• for F•••• O•• W••••• M••••••••• L•• (registered 2024-03-05)Feb 20, 2024 · Advisor changed firm · fact
- John Adam Morgan (Chief Investment Officer) appeared on Schedule A of A•••• I••••••••• A•••••••• L••Mar 8, 2022 · Control person joined · fact
- Lincoln Walter Sheffield (Member) no longer on Schedule A of A•••• I••••••••• A•••••••• L•• (listed 2020-07-31, absent 2021-03-16)Mar 16, 2021 · Control person left · inference
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business email
- contact_us@armorinvestmentadvisors.comreportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 919-571-4382reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- A••••INVESTMENTADVISORS.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 919-571-4382reportedpublic record, Form ADV, Apr 23, 2026
- Contact form
- armorinvestmentadvisors.com/contactreportedpublished by the firm, firm site, Sep 17, 2026
- Team page
- armorinvestmentadvisors.com/peoplereportedpublished by the firm, firm site, Sep 17, 2026
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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $89.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026