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
W••••••• C•••••• A•••••••• L••
Latest filing Nov 11, 2024
First filing on the tape Aug 23, 2017 · 23 filings
SEC status approved since Sep 25, 2017
RAUM
$950M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$950M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
8 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$950M as of Feb 15, 2024
Mar 28, 2018$147M then
HNW client RAUM$940M as of Feb 15, 2024
Mar 28, 2018$137M then
State-registered IARs (5.B.3)8 as of Feb 15, 2024
Mar 28, 20183 then
Employees (5.A)8 as of Feb 15, 2024
Mar 28, 20183 then
Private funds: no history
RAUM +81% over the last fiscal year+38% a year over threeIARs 8 to 8
Practice profile
derived from the filing of Nov 11, 2024; every figure names its basis
- RAUM per advisor
- $119MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 16derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $9.8MderivedHNW RAUM over HNW clients
- Average account
- $1.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 2.7derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +81%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +11%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- Custody
- $406M, 75 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)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$940M99%
- Individuals$10.1M1.1%
- Individual clients
- 32reported
- HNW clients
- 96reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 719reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- $406M for 75 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
- D•••• A••••• B•••••• to M••••• G••••• A••••••• I•••Jan 8, 2025 · RIA to RIA
- N•••• M•••• H••••• to M••••• G••••• A••••••• I•••Jan 8, 2025 · RIA to RIA
- M••• A••••• P••••• to M••••• G••••• A••••••• I•••Jan 8, 2025 · RIA to RIA
- J•• D•••• K•••••• to M••••• G••••• A••••••• I•••Jan 8, 2025 · RIA to RIA
- M••••••• C••••• L•••• to M••••• G••••• A••••••• I•••Jan 8, 2025 · RIA to RIA
Joined, latest
- N•••• M•••• H••••• from B• F•••••••• W••••• M••••••••• L••May 14, 2021 · Other
- J•• D•••• K•••••• from M••••••• F••••• W•••••May 8, 2015 · Other
- M••• A••••• P••••• from M••••••• F••••• W•••••May 5, 2015 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 4 left for M••••• G••••• A••••••• I•••Jan 8, 2025 · Minneapolis, Mn · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B••••••• D••••• A••••• · Managing Member/Principalcontrolsince 02/2005 · owns less than 5%
- H•••••• N••••• M•••• · Managing Member/Principalcontrolsince 01/2022 · owns less than 5%
- K••••••• J••• D•••• · Managing Member/Principalcontrolsince 04/2015 · owns less than 5%
- P•••••• M•••• A••••• · Managing Member/Principal/Ccocontrolsince 04/2015 · owns less than 5%
Entity owners
- M••••• G••••• A••••••• I••• · Parent Companydirect · owns 75% or more
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 |
|---|---|---|---|---|---|
| Del Mar, Ca | 0 | 0 | 0 | ||
| Minneapolis, Mn · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Phoenix, AZ1 employees
- , 1 employees
What changed
consecutive filings, newest first
- Accounts · 616 to 719Sep 22, 2023 to Feb 15, 2024
- HNW clients · 90 to 96Sep 22, 2023 to Feb 15, 2024
- Individual clients · 25 to 32Sep 22, 2023 to Feb 15, 2024
- Assets in custody · $204M to $406MSep 22, 2023 to Feb 15, 2024
- Discretionary RAUM · $524M to $950MSep 22, 2023 to Feb 15, 2024
- HNW RAUM · $518M to $940MSep 22, 2023 to Feb 15, 2024
- Individual RAUM · $6.2M to $10.1MSep 22, 2023 to Feb 15, 2024
- RAUM · $524M to $950MSep 22, 2023 to Feb 15, 2024
- Accounts · 534 to 616Feb 21, 2023 to Mar 10, 2023
- HNW clients · 80 to 90Feb 21, 2023 to Mar 10, 2023
- Individual clients · 27 to 25Feb 21, 2023 to Mar 10, 2023
- Assets in custody · $234M to $204MFeb 21, 2023 to Mar 10, 2023
- Discretionary RAUM · $527M to $524MFeb 21, 2023 to Mar 10, 2023
- HNW RAUM · $519M to $518MFeb 21, 2023 to Mar 10, 2023
- Individual RAUM · $8.3M to $6.2MFeb 21, 2023 to Mar 10, 2023
- Non-discretionary RAUM · $622,662 to $0Feb 21, 2023 to Mar 10, 2023
- RAUM · $528M to $524MFeb 21, 2023 to Mar 10, 2023
- Advisory employees · 7 to 8May 17, 2022 to Feb 21, 2023
- Employees · 7 to 8May 17, 2022 to Feb 21, 2023
- State-registered IARs · 7 to 8May 17, 2022 to Feb 21, 2023
- Advisory employees · 6 to 7Feb 23, 2022 to May 17, 2022
- Employees · 6 to 7Feb 23, 2022 to May 17, 2022
- State-registered IARs · 6 to 7Feb 23, 2022 to May 17, 2022
- Accounts · 334 to 534Oct 25, 2021 to Feb 23, 2022
- Advisory employees · 5 to 6Oct 25, 2021 to Feb 23, 2022
- HNW clients · 55 to 80Oct 25, 2021 to Feb 23, 2022
- Individual clients · 10 to 27Oct 25, 2021 to Feb 23, 2022
- Assets in custody · $155M to $234MOct 25, 2021 to Feb 23, 2022
- Employees · 5 to 6Oct 25, 2021 to Feb 23, 2022
- Financial planning clients · 51-100 to 101-250Oct 25, 2021 to Feb 23, 2022
- State-registered IARs · 5 to 6Oct 25, 2021 to Feb 23, 2022
- Discretionary RAUM · $362M to $527MOct 25, 2021 to Feb 23, 2022
- HNW RAUM · $358M to $519MOct 25, 2021 to Feb 23, 2022
- Individual RAUM · $3.2M to $8.3MOct 25, 2021 to Feb 23, 2022
- Non-discretionary RAUM · $0 to $622,662Oct 25, 2021 to Feb 23, 2022
- RAUM · $362M to $528MOct 25, 2021 to Feb 23, 2022
- Advisory employees · 4 to 5Mar 16, 2021 to May 19, 2021
- Employees · 4 to 5Mar 16, 2021 to May 19, 2021
- State-registered IARs · 4 to 5Mar 16, 2021 to May 19, 2021
- Accounts · 264 to 334Jun 19, 2020 to Mar 16, 2021
Signals
12 dated events
- W••••••• C•••••• A•••••••• L•• no longer on the SEC adviser roster (last listed 2025-01-02, RAUM $949.9M)Feb 3, 2025 · Left the SEC roster · derived
- N•••• M•••• H••••• left W••••••• C•••••• A•••••••• L•• for M••••• G••••• A••••••• I••• (registered 2024-11-22)Jan 8, 2025 · Advisor changed firm · fact
- M••••••• C••••• L•••• left W••••••• C•••••• A•••••••• L•• for M••••• G••••• A••••••• I••• (registered 2024-11-20)Jan 8, 2025 · Advisor changed firm · fact
- D•••• A••••• B•••••• left W••••••• C•••••• A•••••••• L•• for M••••• G••••• A••••••• I••• (registered 2025-01-29)Jan 8, 2025 · Advisor changed firm · fact
- M••• A••••• P••••• left W••••••• C•••••• A•••••••• L•• for M••••• G••••• A••••••• I••• (registered 2024-12-03)Jan 8, 2025 · Advisor changed firm · fact
- J•• D•••• K•••••• left W••••••• C•••••• A•••••••• L•• for M••••• G••••• A••••••• I••• (registered 2024-11-15)Jan 8, 2025 · Advisor changed firm · fact
- W••••••• C•••••• A•••••••• L••'s advisors moved to M••••• G••••• A••••••• I••• (Minneapolis, MN): 4 of 5 registered, on the same dayJan 8, 2025 · Firm absorbed (people side) · derived
- W••••••• C•••••• A•••••••• L•• reported RAUM $949.9M, up 81% from $524.5M (2023-09-22 to 2024-02-15)Feb 15, 2024 · RAUM change · derived
- W••••••• C•••••• A•••••••• L•• reported RAUM $527.7M, up 46% from $361.6M (2021-10-25 to 2022-02-23)Feb 23, 2022 · RAUM change · derived
- Marie Nancy Hughes (Managing Member/Principal) appeared on Schedule A of W••••••• C•••••• A•••••••• L••Feb 23, 2022 · Control person joined · fact
- W••••••• C•••••• A•••••••• L•• reported RAUM $361.6M, up 51% from $238.9M (2020-06-19 to 2021-03-16)Mar 16, 2021 · RAUM change · derived
- W••••••• C•••••• A•••••••• L•• filed its initial SEC registration (Form ADV)Aug 23, 2017 · First SEC registration · fact
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