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.

SEC-registered adviser

Archer Investment Corporation

Independent wealth managerCarmel, IndianaCRD 136403SEC 801-64607website IAPD

Latest filing Mar 17, 2026

First filing on the tape Dec 7, 2011 · 60 filings

SEC status approved since Aug 12, 2005

RAUM

$1.0B

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

76%

$774M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$13.0M

derived; firm RAUM over IAPD count

Employees

80 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

60 filings and snapshots on the tape

RAUM$1.0B as of Mar 17, 2026

Feb 28, 2012$70.0M then

HNW client RAUM$418M as of Mar 17, 2026

Mar 10, 2020$57.0M then

State-registered IARs (5.B.3)80 as of Mar 17, 2026

Mar 27, 20132 then

Employees (5.A)80 as of Mar 17, 2026

Mar 27, 20134 then

Private funds: no history

RAUM +12% over the last fiscal year+19% a year over threeIARs 82 to 80offices 84 to 72

Practice profile

derived from the filing of Mar 17, 2026; every figure names its basis

Archetypes, each a printed rule

HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients

RAUM per advisor: $13.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 55derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $2.4MderivedHNW RAUM over HNW clients
Average account: $196,812derivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 6.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.0derivedItem 5.A over advisors
Advisors per office: 1.1derived73 offices incl. principal (1.F.5)
RAUM growth, one year: +12%derivedbetween the last two annual amendments
Advisor growth, one year: -2.4%derivedItem 5.B.3 between annual amendments
Client growth, one year: -23%derived
Compensation: percentage of assets, fixed feesreportedItem 5.E
Advisory activities: portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, pension consultingreportedItem 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)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$418M41%
Individuals$355M35%
Investment companies$171M17%
Pension and profit-sharing plans$68.1M6.7%

Individual clients: 4,117reported
HNW clients: 173reported
Pension plan clients: 38reported
Charitable clients: n/areported
Accounts: 5,147reported
Financial planning clients: 0reported
Wrap fee programs: noreported
Custody of client assets: noreported
Compensation: % of AUM, fixedreported
Class basis: private_client_share=0.76 fund_share=0.17 institutional_share=0.07 related_bd=false related_bank=false bd_reps=1.0derived

Advisors registered through the firm

78 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Rhonda Marla Kuhn	Miami, Fl	Oct 6, 1989	41 y	0
Troy Carter Patton	Indianapolis, In	Sep 15, 2005	29 y	2
Paul Francis Sullivan	Bethesda, Md	Nov 5, 2009	45 y	0
John Wendell RosebroughChartered Financial Analyst	Carmel, In	Jul 14, 2010	30 y	2
William Edward NewtonCertified Financial Planner	Carmel, In	Oct 7, 2011	50 y	1
Denise Jane Mellerup	Sarasota, Fl	Nov 7, 2011	36 y	0
Ricky Allen Krause	Carmel, In	Jul 11, 2012	28 y	1
Christopher Owen Lake	Terre Haute, In	Jul 18, 2012	20 y	0
David Koch	Carmel, In	Sep 5, 2012	18 y	0
Rand Evans Holyoak	Carmel, In	Sep 10, 2012	17 y	0
Mason David Heyde	Carmel, In	Sep 27, 2012	14 y	0
Ryan Michael Watson	Carmel, In	Nov 28, 2012	18 y	0
Scott Jacob Cavell	Painesville, Oh	Dec 18, 2014	23 y	0
Ronald Edwin Odom	St. Augustine, Fl	Jun 5, 2015	12 y	1
George Joseph Czerwionka	Park Ridge, Il	Jul 1, 2015	25 y	0
David Ray Robbins	Carmel, In	Sep 16, 2015	18 y	1
Gabriel David CenaCertified Financial Planner	Carmel, In	Oct 29, 2015	11 y	0
Rex A. Davidson	New Albany, In	Feb 8, 2017	22 y	0
Sanjay Omprakash Asija	Carmel, In	Aug 7, 2017	26 y	1
Cheryl Ann Schwartz	Elkhart, In	Nov 20, 2017	35 y	0
Rusty Fred Erwin Roush	Amarillo, Tx	Jan 30, 2018	26 y	1
Neil Alan Rago	Portage, In	Mar 30, 2018	10 y	0
Bill Miranda Casarez	Carmel, In	Jun 5, 2018	39 y	1
Reno Mark Borgognoni	Carmel, In	Jun 28, 2018	38 y	1
Thomas F Mcgillycuddy	Carmel, In	Nov 15, 2018	16 y	0
Slade Ralen Buell	Burleson, Tx	Nov 16, 2018	13 y	1
Carl Frank Bosch	Carmel, In	Jan 23, 2019	42 y	0
Amin Allauddin Kotadia	Hurst, Tx	May 9, 2019	23 y	1
Kevin Miles DavisCertified Financial Planner	Carmel, In	Nov 20, 2019	25 y	1
Thomas Jefferson FaulconerCertified Financial Planner	Carmel, In	Nov 28, 2019	27 y	3
David Frank Alfano	Carmel, In	Mar 19, 2020	31 y	4
Patricia Ann Maisongodfrey	La Mesa, Ca	Nov 12, 2020	32 y	1
Raeann Kerbow Forester	Carmel, In	Sep 17, 2021	43 y	1
Ronald Glenn MorganPersonal Financial Specialist	Carmel, In	Feb 3, 2022	33 y	0
Robert Lawrence Riesenbeck	Carmel, In	Nov 3, 2022	31 y	4
Kevin James Walker	Carmel, In	Jun 5, 2023	18 y	4
Kathleen Honor Mccarthy	Fairview Park, Oh	Jun 5, 2023	26 y	6
Kurtis Allen Ternet	Carmel, In	Aug 18, 2023	13 y	0
Andrew Isaac Hart	Carmel, In	Sep 21, 2023	11 y	0
Elizabeth Mellis Newton	Charlotte, Nc	Dec 7, 2023	11 y	0

All 78 advisors at Archer Investment Corporation

Advisor movement

3 left, 7 joined in 12 months

net +4 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 3.8% of current headcount8 left over 36 months

Left, latest

Aidan D Mejia to Citigroup Global Markets Inc.
Jul 28, 2026 · RIA to affiliated broker-dealer or bank
Benjamin L Miller to On Investment Management Co
Dec 31, 2025 · RIA to affiliated broker-dealer or bank
Koby Das Clark to Beckett Clark Private Wealth, LLC
Nov 10, 2025 · RIA to a newly registered adviser
Roger Clifton Nagel to Sjhl Financial Group
Aug 8, 2025 · RIA to RIA
Ryan Thomas Cooper to Verticus Advisors Inc.
Nov 18, 2024 · RIA to a state-registered adviser
Adam Ryan Oates to Commonwealth Financial Network
Nov 4, 2024 · RIA to affiliated broker-dealer or bank
James Nicholas Volpe to Redhawk Wealth Advisors, Inc.
Feb 15, 2024 · RIA to RIA
Barbara Rachel Hollis to Holistic Planners
Dec 8, 2023 · RIA to a state-registered adviser
Jesus Arnoldo Vasquez to Vasquez Financial Consulting LLC
Jun 27, 2022 · RIA to a state-registered adviser
Brian Couzens to Avantax Advisory Services
Aug 23, 2021 · RIA to affiliated broker-dealer or bank
Daniel Wade Dubose to Forta Financial Group, Inc.
Jun 19, 2020 · RIA to RIA
David Frank Alfano to Cambridge Investment Research Advisors, Inc.
Jan 7, 2020 · RIA to affiliated broker-dealer or bank
Alan Bradley Schmidt to Financial & Tax Architects, LLC
Apr 23, 2019 · RIA to RIA
James Francis Stawick to Harvest Investment Services, LLC
Jan 29, 2019 · RIA to RIA
Bernard Kankam Mensah to Avantax Advisory Services
Dec 10, 2018 · RIA to affiliated broker-dealer or bank

Joined, latest

Sheila Celeste Chaplin from Pruco Securities, LLC
Jun 9, 2026 · Other
Aidan D Mejia from Charles Schwab & Co., Inc.
Feb 9, 2026 · Affiliated broker-dealer or bank to independent RIA
Eric Cook from Avantax Advisory Services
Dec 22, 2025 · Other
James M. Wesolowski from Avantax Advisory Services
Nov 26, 2025 · Affiliated broker-dealer or bank to independent RIA
Mark Joseph Setaro from Signator Investors, Inc.
Nov 14, 2025 · Other
William Augustus Stack from American Elite Advisory
Oct 28, 2025 · Other
H Dale Goembel from Avantax Advisory Services
Oct 16, 2025 · Affiliated broker-dealer or bank to independent RIA
Michael Joseph Adrian from Avantax Advisory Services
Jul 10, 2025 · Affiliated broker-dealer or bank to independent RIA
Darrel Dwaine Shinn from Cetera Investment Advisers LLC
Jan 1, 2025 · Affiliated broker-dealer or bank to independent RIA
Carolyn Rita Lambert from Avantax Advisory Services
Aug 9, 2024 · Affiliated broker-dealer or bank to independent RIA
Robert Wayne Willsey from Bison Creek Advisors
May 13, 2024 · Other
Jai Prabakaran from Bankers Life Advisory Services, Inc.
Jan 3, 2024 · Affiliated broker-dealer or bank to independent RIA
Kathleen Honor Mccarthy from Jason M Orsky Wealth Management LLC
Jun 5, 2023 · Other
Kevin James Walker from Jason M Orsky Wealth Management LLC
Jun 5, 2023 · Other
Robert Lawrence Riesenbeck from Silver Oak Securities, Inc.
Nov 3, 2022 · Affiliated broker-dealer or bank to independent RIA

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

2 joined from Jason M Orsky Wealth Management LLC
Aug 23, 2023 · Westlake, Oh

Teams out Teams in

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Carter Troy Patton · Chief Compliance Officercontrol
since 07/2023 · owns 75% or more

Related persons

Schedule D 7.A

Patton & Associates, LLC
insurancen

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left
Carmel, In · principal	73	22	2
Bethesda, Md	4	1	1
Indianapolis, In	4	1	0
Cape Coral, Fl	2	2	0
South Barrington, Il	2	0	0
Charlotte, Nc	2	0	0
Hendersonville, Tn	2	2	0
Sandy, Ut	0	0	0
Baltimore, Md	0	0	0

Offices

Schedule D 1.F, the 25 largest

Bethesda, MD2 employees
Westlake, OH2 employees
Hendersonville, TN2 employees
Boonton, NJ1 employees
Burleson, TX1 employees
Burnsville, MN1 employees
Charlotte, NC1 employees
Chestnut Ridge, NY1 employees
Elkhart, IN1 employees
Frederick, MD1 employees
Houston, TX1 employees
Lake Mary, FL1 employees
Lawrenceville, GA1 employees
New Albany, IN1 employees
Oak Brook, IL1 employees
Old Greenwich, CT1 employees
Sarasota, FL1 employees
Scottsdale, AZ1 employees
South Barrington, IL1 employees
Stevenson Ranch, CA1 employees
Terre Haute, IN1 employees
Aiken, SC1 employees
Woodland Hills, CA1 employees
Altamonte Springs, FL1 employees
Amarillo, TX1 employees

ADV anomalies

1 against comparable advisers; where to look, not conclusions

clients down average size upCombination · filing Mar 17, 2026
private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $900,511,000 to $1,012,991,000, advisors 82 to 80, private clients 5601 to 4290, offices 84 to 72 (2025-03-12 to 2026-03-17)
peers: independent wealth managers, $1B to $5B (1,362)

How anomalies are measured

What changed

consecutive filings, newest first

Accounts · 5,640 to 5,147
Nov 18, 2025 to Mar 17, 2026
Advisory employees · 82 to 80
Nov 18, 2025 to Mar 17, 2026
BD registered reps · 2 to 1
Nov 18, 2025 to Mar 17, 2026
Corporate clients · unset to 0.0
Nov 18, 2025 to Mar 17, 2026
HNW clients · 142 to 173
Nov 18, 2025 to Mar 17, 2026
Individual clients · 5,459 to 4,117
Nov 18, 2025 to Mar 17, 2026
Pension plan clients · 33 to 38
Nov 18, 2025 to Mar 17, 2026
Employees · 82 to 80
Nov 18, 2025 to Mar 17, 2026
State-registered IARs · 82 to 80
Nov 18, 2025 to Mar 17, 2026
Other offices · 84 to 72
Nov 18, 2025 to Mar 17, 2026
Discretionary RAUM · $901M to $1.0B
Nov 18, 2025 to Mar 17, 2026
HNW RAUM · $310M to $418M
Nov 18, 2025 to Mar 17, 2026
Individual RAUM · $392M to $355M
Nov 18, 2025 to Mar 17, 2026
Pension RAUM · $56.0M to $68.1M
Nov 18, 2025 to Mar 17, 2026
RAUM · $901M to $1.0B
Nov 18, 2025 to Mar 17, 2026
Financial planning clients · 0 to 0
May 19, 2025 to Nov 18, 2025
Accounts · 3,810 to 5,640
Jul 1, 2024 to Mar 12, 2025
HNW clients · 85 to 142
Jul 1, 2024 to Mar 12, 2025
Individual clients · 3,691 to 5,459
Jul 1, 2024 to Mar 12, 2025
Pension plan clients · 28 to 33
Jul 1, 2024 to Mar 12, 2025
Discretionary RAUM · $749M to $901M
Jul 1, 2024 to Mar 12, 2025
HNW RAUM · $155M to $310M
Jul 1, 2024 to Mar 12, 2025
Individual RAUM · $438M to $392M
Jul 1, 2024 to Mar 12, 2025
Pension RAUM · $37.0M to $56.0M
Jul 1, 2024 to Mar 12, 2025
RAUM · $749M to $901M
Jul 1, 2024 to Mar 12, 2025
Accounts · 3,815 to 3,810
Nov 14, 2023 to Mar 15, 2024
Advisory employees · 87 to 82
Nov 14, 2023 to Mar 15, 2024
BD registered reps · 0 to 2
Nov 14, 2023 to Mar 15, 2024
HNW clients · 83 to 85
Nov 14, 2023 to Mar 15, 2024
Individual clients · 2,907 to 3,691
Nov 14, 2023 to Mar 15, 2024
Pension plan clients · 31 to 28
Nov 14, 2023 to Mar 15, 2024
Employees · 87 to 82
Nov 14, 2023 to Mar 15, 2024
State-registered IARs · 87 to 82
Nov 14, 2023 to Mar 15, 2024
Discretionary RAUM · $603M to $749M
Nov 14, 2023 to Mar 15, 2024
HNW RAUM · $149M to $155M
Nov 14, 2023 to Mar 15, 2024
Individual RAUM · $300M to $438M
Nov 14, 2023 to Mar 15, 2024
Pension RAUM · $46.5M to $37.0M
Nov 14, 2023 to Mar 15, 2024
RAUM · $603M to $749M
Nov 14, 2023 to Mar 15, 2024
Accounts · 3,570 to 3,815
Mar 8, 2022 to Mar 24, 2023
Advisory employees · 85 to 87
Mar 8, 2022 to Mar 24, 2023

Signals

17 dated events

Aidan D Mejia left Archer Investment Corporation for Citigroup Global Markets Inc. (registered 2026-08-11)
Jul 28, 2026 · Advisor changed firm · fact
Archer Investment Corporation reported 72 offices beyond its principal office, down from 84 (2025-11-18 to 2026-03-17)
Mar 17, 2026 · Office count change · derived
Benjamin L Miller left Archer Investment Corporation for On Investment Management Co (registered 2026-01-02)
Dec 31, 2025 · Advisor changed firm · fact
Koby Das Clark left Archer Investment Corporation for Beckett Clark Private Wealth, Llc (registered 2025-11-19)
Nov 10, 2025 · Advisor changed firm · fact
Roger Clifton Nagel left Archer Investment Corporation for Sjhl Financial Group (registered 2025-05-27)
Aug 8, 2025 · Advisor changed firm · fact
Ryan Thomas Cooper left Archer Investment Corporation for Verticus Advisors Inc. (registered 2025-01-02)
Nov 18, 2024 · Advisor changed firm · fact
Adam Ryan Oates left Archer Investment Corporation for Commonwealth Financial Network (registered 2025-05-14)
Nov 4, 2024 · Advisor changed firm · fact
James Nicholas Volpe left Archer Investment Corporation for Redhawk Wealth Advisors, Inc. (registered 2025-01-01)
Feb 15, 2024 · Advisor changed firm · fact
Barbara Rachel Hollis left Archer Investment Corporation for Holistic Planners (registered 2026-01-07)
Dec 8, 2023 · Advisor changed firm · fact
2 advisors left Jason M Orsky Wealth Management LLC (Westlake, OH) for Archer Investment Corporation on the same day
Aug 23, 2023 · Team lift-out · derived
Jesus Arnoldo Vasquez left Archer Investment Corporation for Vasquez Financial Consulting Llc (registered 2022-01-04)
Jun 27, 2022 · Advisor changed firm · fact
Archer Investment Corporation reported 81 offices beyond its principal office, down from 86 (2021-11-18 to 2022-03-08)
Mar 8, 2022 · Office count change · derived
Archer Investment Corporation reported RAUM $663.1M, up 38% from $481.0M (2021-11-18 to 2022-03-08)
Mar 8, 2022 · RAUM change · derived
Archer Investment Corporation reported 86 offices beyond its principal office, up from 77 (2020-09-09 to 2021-03-03)
Mar 3, 2021 · Office count change · derived
Archer Investment Corporation reported 77 offices beyond its principal office, up from 65 (2019-10-01 to 2020-03-10)
Mar 10, 2020 · Office count change · derived
Archer Investment Corporation reported 65 offices beyond its principal office, up from 35 (2019-03-19 to 2019-05-02)
May 2, 2019 · Office count change · derived
Archer Investment Corporation reported 74 state-registered advisory representatives, up from 4 (2019-03-19 to 2019-05-02)
May 2, 2019 · Advisor headcount change · derived

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: info@esullivan.netreportedpublished by the firm, firm site, Sep 15, 2026
Business phone: 301-657-8080reportedpublished by the firm, firm site, Sep 15, 2026
Business phone: 301-657-9055reportedpublished by the firm, firm site, Sep 15, 2026
Website: esullivan.netreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone: 317-581-5664reportedpublic record, Form ADV, Mar 17, 2026
Team page: esullivan.net/meet-our-team.htmreportedpublished by the firm, firm site, Sep 15, 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: $13.0Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026