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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SEC-registered adviser

R•••• I••••••••• A•••••••

Other adviserCRD 136971SEC 801-67687websiteIAPD
Legal name R•••• W••••• M••••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Mar 13, 2012 · 27 filings
SEC status approved since Mar 30, 2007
RAUM
$1.7B
reported, Item 5.F
Discretionary
89%
of RAUM
Private clients
19%
$324M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$283M
derived; firm RAUM over IAPD count
Employees
9
6 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$1.7B as of Mar 31, 2026
Mar 13, 2012$231M then
HNW client RAUM$313M as of Mar 31, 2026
Mar 20, 2018$154M then
State-registered IARs (5.B.3)6 as of Mar 31, 2026
Mar 13, 20120 then
Employees (5.A)9 as of Mar 31, 2026
Mar 28, 20135 then
Private funds: no history
RAUM +10% over the last fiscal year+18% a year over threeIARs 5 to 6
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
  • OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 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
$283MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
12derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$6.3MderivedHNW RAUM over HNW clients
Average account
$2.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
89%derivedof RAUM
Institutional
80%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
1.0derived6 offices incl. principal (1.F.5)
RAUM growth, one year
+10%derivedbetween the last two annual amendments
Advisor growth, one year
+20%derivedItem 5.B.3 between annual amendments
Client growth, one year
+7.6%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, otherreportedItem 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)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Charitable organizations$1.1B67%
  • High-net-worth individuals$313M18%
  • Pension and profit-sharing plans$236M14%
  • Individuals$10.9M0.6%
  • Corporations and businesses$8.0M0.5%
Individual clients
21reported
HNW clients
50reported
Pension plan clients
26reported
Charitable clients
153reported
Accounts
708reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.19 fund_share=0.0 institutional_share=0.8 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
M••• P••••• M•••••Chartered Financial AnalystWashington, Dc Dec 15, 202016 y0
J••••• D••••• G••••Washington, Dc Feb 11, 202112 y1
M•••••• J••••• O•••••Washington, Dc Sep 28, 202212 y0
D••••• P•••••• G••••••Certified Financial PlannerWashington, DcJan 1, 202523 y2
R••• A••••• F•••••••••Leadville, Co Jan 1, 202511 y0
J•••••• M•••••• F•••••••• R• S•••••••Certified Financial PlannerNaples, Fl Apr 6, 202614 y2
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • G••••••• D•••••• P•••••• · Chief Compliance Officercontrol
    since 07/2005 · owns 50% to 75%
  • R••••• T•••••• J• · Membercontrol
    since 07/2005 · owns 25% to 50%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Washington, Dc610
Offices
Schedule D 1.F, the 25 largest
  • Washington, DC5 employees
  • , 1 employees
What changed
consecutive filings, newest first
  • Accounts · 618 to 708
    Mar 25, 2025 to Mar 31, 2026
  • Advisory employees · 5 to 6
    Mar 25, 2025 to Mar 31, 2026
  • Charity clients · 131 to 153
    Mar 25, 2025 to Mar 31, 2026
  • Corporate clients · 1 to 2
    Mar 25, 2025 to Mar 31, 2026
  • HNW clients · 47 to 50
    Mar 25, 2025 to Mar 31, 2026
  • Individual clients · 19 to 21
    Mar 25, 2025 to Mar 31, 2026
  • Pension plan clients · 22 to 26
    Mar 25, 2025 to Mar 31, 2026
  • Assets in custody · $880,563 to $2.8M
    Mar 25, 2025 to Mar 31, 2026
  • Employees · 7 to 9
    Mar 25, 2025 to Mar 31, 2026
  • State-registered IARs · 5 to 6
    Mar 25, 2025 to Mar 31, 2026
  • Discretionary RAUM · $1.4B to $1.5B
    Mar 25, 2025 to Mar 31, 2026
  • HNW RAUM · $278M to $313M
    Mar 25, 2025 to Mar 31, 2026
  • Individual RAUM · $9.4M to $10.9M
    Mar 25, 2025 to Mar 31, 2026
  • Non-discretionary RAUM · $155M to $186M
    Mar 25, 2025 to Mar 31, 2026
  • Pension RAUM · $196M to $236M
    Mar 25, 2025 to Mar 31, 2026
  • RAUM · $1.5B to $1.7B
    Mar 25, 2025 to Mar 31, 2026
  • Accounts · 539 to 618
    Apr 16, 2024 to Mar 25, 2025
  • Charity clients · 119 to 131
    Apr 16, 2024 to Mar 25, 2025
  • HNW clients · 38 to 47
    Apr 16, 2024 to Mar 25, 2025
  • Individual clients · 22 to 19
    Apr 16, 2024 to Mar 25, 2025
  • Pension plan clients · 23 to 22
    Apr 16, 2024 to Mar 25, 2025
  • Assets in custody · $23.7M to $880,563
    Apr 16, 2024 to Mar 25, 2025
  • Financial planning clients · unset to
    Apr 16, 2024 to Mar 25, 2025
  • HQ city · unset to
    Apr 16, 2024 to Mar 25, 2025
  • HQ state · unset to
    Apr 16, 2024 to Mar 25, 2025
  • Discretionary RAUM · $1.1B to $1.4B
    Apr 16, 2024 to Mar 25, 2025
  • HNW RAUM · $237M to $278M
    Apr 16, 2024 to Mar 25, 2025
  • Individual RAUM · $12.6M to $9.4M
    Apr 16, 2024 to Mar 25, 2025
  • Non-discretionary RAUM · $151M to $155M
    Apr 16, 2024 to Mar 25, 2025
  • Pension RAUM · $173M to $196M
    Apr 16, 2024 to Mar 25, 2025
  • RAUM · $1.3B to $1.5B
    Apr 16, 2024 to Mar 25, 2025
  • Accounts · 475 to 539
    Dec 22, 2023 to Mar 12, 2024
  • Charity clients · 110 to 119
    Dec 22, 2023 to Mar 12, 2024
  • HNW clients · 42 to 38
    Dec 22, 2023 to Mar 12, 2024
  • Individual clients · 18 to 22
    Dec 22, 2023 to Mar 12, 2024
  • Pension plan clients · 22 to 23
    Dec 22, 2023 to Mar 12, 2024
  • Assets in custody · $13.7M to $23.7M
    Dec 22, 2023 to Mar 12, 2024
  • Employees · 8 to 7
    Dec 22, 2023 to Mar 12, 2024
  • Other offices · 6 to 5
    Dec 22, 2023 to Mar 12, 2024
  • Discretionary RAUM · $897M to $1.1B
    Dec 22, 2023 to Mar 12, 2024
Signals
3 dated events
  • K••••••• S••••• left R•••• I••••••••• A••••••• for W•••••• B•••• • C•••••• L••••• (registered 2022-04-08)
    Feb 18, 2022 · Advisor changed firm · fact
  • R•••• I••••••••• A••••••• reported 5 offices beyond its principal office, up from 0 (2020-10-16 to 2020-12-15)
    Dec 15, 2020 · Office count change · derived
  • R•••• I••••••••• A••••••• reported RAUM $910.0M, up 34% from $678.5M (2019-05-17 to 2020-03-20)
    Mar 20, 2020 · RAUM 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
Firm profile
linkedin.com/company/raffa-investment-advisersreportedpublic record, Form ADV, Sep 18, 2026
Website
raffaadvisers.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
202-955-6734reportedpublic record, Form ADV, Mar 31, 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
Other adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
$283Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026