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

Founders Financial Securities, LLC

Independent wealth managerTowson, MarylandCRD 137945SEC 801-66892websiteIAPD
Latest filing Apr 20, 2026
First filing on the tape Mar 22, 2012 · 90 filings
SEC status approved since Jul 13, 2006
RAUM
$4.1B
reported, Item 5.F
Discretionary
88%
of RAUM
Private clients
89%
$3.7B individuals and HNW
Advisors
117
registered through the firm on IAPD
RAUM per advisor
$35.3M
derived; firm RAUM over IAPD count
Employees
139
101 advisory (5.B.1)
Offices
68
beyond the principal office
Private funds
0
reported on Schedule D
History
90 filings and snapshots on the tape
RAUM$4.1B as of Apr 20, 2026
Mar 22, 2012$316M then
HNW client RAUM$2.1B as of Apr 20, 2026
Mar 29, 2018$83.5M then
State-registered IARs (5.B.3)115 as of Apr 20, 2026
Mar 27, 201366 then
Employees (5.A)139 as of Apr 20, 2026
Mar 27, 201370 then
Private funds: no history
RAUM +25% over the last fiscal year+22% a year over threeIARs 91 to 115offices 62 to 68
Practice profile
derived from the filing of Apr 20, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Multi-office growth platform · an independent wealth manager (not a wirehouse, national broker-dealer RIA or broker-dealer affiliated firm) with at least five offices, at least 50 advisors, and RAUM up at least 20 percent over the last annual amendment
  • 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
$35.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
82derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.5MderivedHNW RAUM over HNW clients
Average account
$216,703derivedRAUM over accounts (5.F.2.f)
Discretionary
88%derivedof RAUM
Institutional
10%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.2derivedItem 5.A over advisors
Advisors per office
1.7derived69 offices incl. principal (1.F.5)
RAUM growth, one year
+25%derivedbetween the last two annual amendments
Advisor growth, one year
+26%derivedItem 5.B.3 between annual amendments
Client growth, one year
+9.4%derived
Compensation
percentage of assets, hourly, fixed fees, subscriptionreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
Custody
$1.5M, 13 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
  • 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$2.1B51%
  • Individuals$1.6B38%
  • Pension and profit-sharing plans$414M10%
  • Charitable organizations$16.1M0.4%
  • Corporations and businesses$8.7M0.2%
Individual clients
8,124reported
HNW clients
1,466reported
Pension plan clients
241reported
Charitable clients
22reported
Accounts
19,082reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$1.5M for 13 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.89 fund_share=0.0 institutional_share=0.1 related_bd=false related_bank=false bd_reps=118.0derived
Advisors registered through the firm
118 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Michael Owens BrooksChartered Financial ConsultantRamrod Key, Fl Jul 18, 200630 y1
John Codd DonohueCertified Financial PlannerBel Air, MdJul 19, 200620 y0
Brian James SchlosserMilford, OhAug 11, 200631 y2
Gregory Benton HartBel Air, MdAug 17, 200633 y1
Michael James ThomsonChartered Financial ConsultantBel Air, MdAug 17, 200632 y1
Mark John DarrellCertified Financial PlannerFinksburg, MdAug 24, 200637 y1
Adam Howard MillerSarasota, FlSep 7, 200635 y2
Jordan Scott WeinbergCertified Financial PlannerTimonium, MdSep 7, 200625 y2
Christopher Lynch ImbachChartered Financial ConsultantBaltimore, MdNov 2, 200634 y1
Thomas Edward GerhartCertified Financial PlannerLebanon, PaFeb 21, 200726 y0
William David KesslerChartered Financial ConsultantAthol, MaMay 16, 200738 y0
John Milton ZinaichCertified Financial Planner, Chartered Financial ConsultantBoonsboro, MdFeb 20, 200826 y2
Linda Ann DericksonBerlin, MdSep 12, 200833 y0
Steven Anthony AquinoWestminster, MdMay 29, 200928 y1
Luis E PadillaSparks, MdSep 14, 200923 y1
Jeffery Ralph GosenChartered Financial ConsultantSaginaw, MiApr 16, 201037 y0
Joseph Alexander KnightCertified Financial PlannerTowson, MdMay 11, 201017 y0
Bernard Michael BowhuisCertified Financial Planner, Chartered Financial ConsultantJenison, MiSep 1, 201042 y1
Thomas Matthew ArcherCertified Financial Planner, Chartered Financial ConsultantBrighton, MiOct 12, 201030 y0
Peter James PotestatoChesterfield, MiNov 16, 201034 y0
Ryan Michael SchachtChartered Financial ConsultantBrighton, MiFeb 9, 201120 y0
Anne Mccormick KarlowCertified Financial PlannerBerkley, MiApr 29, 201129 y2
Robert A GentnerCertified Financial PlannerLansing, MiApr 29, 201119 y1
Ronald Paul HammonsPort Deposit, MdMay 17, 201119 y1
Eric Joseph DallavalleFrederick, MdJan 17, 201226 y1
John Francis DallavalleChartered Financial ConsultantFrederick, MdJan 17, 201233 y2
Thomas Albert LampertCertified Financial Planner, Chartered Financial ConsultantBrighton, MiMay 3, 201235 y1
Peter Joseph MurphyChartered Financial AnalystTowson, MdOct 10, 201214 y0
Cindy Sprinkle EverlyWilliamsport, MdNov 19, 201221 y1
Paul Andrew FurtonCertified Financial PlannerSeverna Park, MdJul 19, 201339 y3
Mark Andrew TimmickEllicott City, MdAug 13, 201321 y1
Robert Clement BarryChartered Financial ConsultantEast Falmouth, MaOct 7, 201344 y1
Charles Edward RobertsCertified Financial PlannerSalem, NhNov 26, 201324 y3
Nora Lynn BeauchotColumbia City, InFeb 11, 201413 y0
Jordan Ray TaylorCertified Financial PlannerTowson, MdMar 28, 201416 y0
Manuel Medeiros GoulartSan Ramon, CaApr 7, 201430 y2
Andrew Robert LambertsonModesto, CaApr 7, 201419 y2
Chad Michael BowhuisCertified Financial PlannerJenison, MiAug 18, 201414 y0
David Frank ReaBrighton, MiNov 5, 201441 y0
Jay Edward EstabrookLutherville-Timonium, MdJan 6, 201535 y1
All 118 advisors at Founders Financial Securities, LLC
Advisor movement
2 left, 6 joined in 12 months
net +4 in 12 months1 left in 90 days3 joined in 90 daysdeparture rate 1.7% of current headcount8 left over 36 months
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
  • Joseph Victor Krcma · Chief Compliance Officercontrol
    since 06/2014 · owns less than 5%
  • Bradley Matthew Shepherd · Ceo/Rosfpcontrol
    since 06/2014 · owns less than 5%
  • Jill Anne Reckamp · Finop
    since 03/2015 · owns less than 5%
  • Michael Owens Brooks · Member
    since 12/2022 · owns 75% or more of Founders Financial Holding Inc.
Entity owners
  • Founders Financial LLC · Member
    direct · owns 75% or more
  • Founders Financial Holdings Inc. · Member Firm
    indirect · owns 75% or more of Founders Financial LLC
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Towson, Md · principal1730
Frederick, Md520
Brighton, Mi501
Timonium, Md500
Lansing, Mi400
Oregon City, Or410
Bel Air, Md400
Athol, Ma300
Columbia, Md300
Fresno, Ca310
Martinsburg, Wv300
West Chester, Pa300
Finksburg, Md200
Dayton, Oh200
Jenison, Mi200
Baltimore, Md200
Matthews, Nc200
Memphis, Tn200
Milford, Oh200
Charlton, Ma200
Offices
Schedule D 1.F, the 25 largest
  • Towson, MD4 employees
  • Bel Air, MD4 employees
  • Fresno, CA3 employees
  • Martinsburg, WV3 employees
  • Brighton, MI3 employees
  • Frederick, MD3 employees
  • Centerville, OH2 employees
  • Finksburg, MD2 employees
  • Martinsburg, WV2 employees
  • Lutherville-Timonium, MD2 employees
  • Boonsboro, MD2 employees
  • Chadds Ford, PA2 employees
  • Columbia, MD2 employees
  • Oregon City, OR2 employees
  • Timonium, MD2 employees
  • Brighton, MI2 employees
  • , 1 employees
  • Milford, OH1 employees
  • Anderson, IN1 employees
  • Brookfield, CT1 employees
  • Timonium, MD1 employees
  • Lebanon, PA1 employees
  • Lansing, MI1 employees
  • Salem, NH1 employees
  • Ellicott City, MD1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • HNW share shiftChange between filings · filing Apr 20, 2026
    HNW share of RAUM moved from 34.0% to 51.0% between the annual amendments of 2025-04-22 and 2026-04-20
    peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
  • Accounts · 17,774 to 19,082
    Apr 22, 2025 to Mar 26, 2026
  • Advisory employees · 92 to 101
    Apr 22, 2025 to Mar 26, 2026
  • BD registered reps · 89 to 118
    Apr 22, 2025 to Mar 26, 2026
  • Charity clients · 21 to 22
    Apr 22, 2025 to Mar 26, 2026
  • HNW clients · 727 to 1,466
    Apr 22, 2025 to Mar 26, 2026
  • Individual clients · 8,036 to 8,124
    Apr 22, 2025 to Mar 26, 2026
  • Pension plan clients · 220 to 241
    Apr 22, 2025 to Mar 26, 2026
  • Assets in custody · unset to 1500572.0
    Apr 22, 2025 to Mar 26, 2026
  • Custody of client assets · false to true
    Apr 22, 2025 to Mar 26, 2026
  • Employees · 141 to 139
    Apr 22, 2025 to Mar 26, 2026
  • Financial planning clients · 51-100 to 101-250
    Apr 22, 2025 to Mar 26, 2026
  • State-registered IARs · 91 to 115
    Apr 22, 2025 to Mar 26, 2026
  • Other offices · 62 to 68
    Apr 22, 2025 to Mar 26, 2026
  • Discretionary RAUM · $3.0B to $3.7B
    Apr 22, 2025 to Mar 26, 2026
  • HNW RAUM · $1.1B to $2.1B
    Apr 22, 2025 to Mar 26, 2026
  • Individual RAUM · $1.8B to $1.6B
    Apr 22, 2025 to Mar 26, 2026
  • Non-discretionary RAUM · $291M to $477M
    Apr 22, 2025 to Mar 26, 2026
  • Pension RAUM · $382M to $414M
    Apr 22, 2025 to Mar 26, 2026
  • RAUM · $3.3B to $4.1B
    Apr 22, 2025 to Mar 26, 2026
  • Financial planning clients · 51-100 to 51-100
    Feb 25, 2025 to Apr 22, 2025
  • Accounts · 18,269 to 17,774
    Jan 27, 2025 to Feb 25, 2025
  • Advisory employees · 97 to 92
    Jan 27, 2025 to Feb 25, 2025
  • BD registered reps · 94 to 89
    Jan 27, 2025 to Feb 25, 2025
  • Charity clients · 24 to 21
    Jan 27, 2025 to Feb 25, 2025
  • Corporate clients · 19 to 17
    Jan 27, 2025 to Feb 25, 2025
  • HNW clients · 753 to 727
    Jan 27, 2025 to Feb 25, 2025
  • Individual clients · 8,082 to 8,036
    Jan 27, 2025 to Feb 25, 2025
  • Pension plan clients · 199 to 220
    Jan 27, 2025 to Feb 25, 2025
  • Employees · 137 to 141
    Jan 27, 2025 to Feb 25, 2025
  • State-registered IARs · 96 to 91
    Jan 27, 2025 to Feb 25, 2025
  • Other offices · 65 to 62
    Jan 27, 2025 to Feb 25, 2025
  • Discretionary RAUM · $2.6B to $3.0B
    Jan 27, 2025 to Feb 25, 2025
  • HNW RAUM · $1.1B to $1.1B
    Jan 27, 2025 to Feb 25, 2025
  • Individual RAUM · $1.5B to $1.8B
    Jan 27, 2025 to Feb 25, 2025
  • Non-discretionary RAUM · $276M to $291M
    Jan 27, 2025 to Feb 25, 2025
  • Pension RAUM · $330M to $382M
    Jan 27, 2025 to Feb 25, 2025
  • RAUM · $2.9B to $3.3B
    Jan 27, 2025 to Feb 25, 2025
  • Accounts · 16,137 to 18,269
    Mar 27, 2023 to Mar 4, 2024
  • Advisory employees · 98 to 97
    Mar 27, 2023 to Mar 4, 2024
  • BD registered reps · 97 to 94
    Mar 27, 2023 to Mar 4, 2024
Signals
28 dated events
  • Alyssa Marie Molan registered as an investment adviser representative at Founders Financial Securities, Llc
    Sep 16, 2026 · Advisor registered · fact
  • Heather M Aeschliman left Founders Financial Securities, LLC for Creative Planning (registered 2026-09-16)
    Aug 28, 2026 · Advisor changed firm · fact
  • David S. Long left Founders Financial Securities, Llc for Lpl Financial Llc (registered 2026-04-10)
    Apr 14, 2026 · Advisor changed firm · fact
  • Founders Financial Securities, Llc reported 68 offices beyond its principal office, up from 62 (2025-04-22 to 2026-03-26)
    Mar 26, 2026 · Office count change · derived
  • Founders Financial Securities, Llc reported 115 state-registered advisory representatives, up from 91 (2025-04-22 to 2026-03-26)
    Mar 26, 2026 · Advisor headcount change · derived
  • 2 advisors left Pks Advisory Services, LLC (Memphis, TN) for Founders Financial Securities, LLC on the same day
    Oct 2, 2025 · Team lift-out · derived
  • 2 advisors left Interactive Financial Advisors (Winchester, VA) for Founders Financial Securities, LLC on the same day
    Sep 10, 2025 · Team lift-out · derived
  • Raffaele Nicholas Mazzone left Founders Financial Securities, Llc for Legacy Financial Advisors (registered 2025-06-10)
    May 23, 2025 · Advisor changed firm · fact
  • Jeffrey Glenn Grad left Founders Financial Securities, Llc for Grad Wealth Management Pllc (registered 2024-12-02)
    Dec 3, 2024 · Advisor changed firm · fact
  • Ty Eric Boggs left Founders Financial Securities, Llc for Resolute Retirement Consulting (registered 2024-09-27)
    Oct 4, 2024 · Advisor changed firm · fact
  • Carol Marie Miskovich left Founders Financial Securities, Llc for Lpl Financial Llc (registered 2024-09-23)
    Sep 23, 2024 · Advisor changed firm · fact
  • Jason Conrad Huntley left Founders Financial Securities, Llc for Lpl Financial Llc (registered 2024-08-01)
    Jul 31, 2024 · Advisor changed firm · fact
  • Laura Carrera Warnock left Founders Financial Securities, Llc for Lone Peak Advisers (registered 2024-05-03)
    May 2, 2024 · Advisor changed firm · fact
  • Founders Financial Securities, Llc reported RAUM $2.9B, up 28% from $2.3B (2023-03-27 to 2024-03-04)
    Mar 4, 2024 · RAUM change · derived
  • Daniel Joshua Swain left Founders Financial Securities, Llc for Raymond James Financial Services Advisors, Inc (registered 2023-08-21)
    Aug 2, 2023 · Advisor changed firm · fact
  • 2 advisors left Securities America Advisors, Inc. (Charlton, MA) for Founders Financial Securities, LLC on the same day
    Aug 1, 2023 · Team lift-out · derived
  • Founders Financial Securities, Llc reported 105 state-registered advisory representatives, up from 87 (2023-01-23 to 2023-03-27)
    Mar 27, 2023 · Advisor headcount change · derived
  • 2 advisors left Next Financial Group, Inc. (Downingtown, PA) for Founders Financial Securities, LLC on the same day
    Sep 7, 2022 · Team lift-out · derived
  • Glenn Robert Matecun left Founders Financial Securities, Llc for Exodus Wealth, Llc (registered 2022-08-22)
    Aug 19, 2022 · Advisor changed firm · fact
  • Shane Heddy left Founders Financial Securities, Llc for Osaic Wealth, Inc. (registered 2022-08-19)
    Aug 19, 2022 · Advisor changed firm · fact
  • Bradley Carl Jerome left Founders Financial Securities, Llc for Osaic Wealth, Inc. (registered 2022-08-19)
    Aug 19, 2022 · Advisor changed firm · fact
  • Roger Joel Conde left Founders Financial Securities, Llc for Cambridge Investment Research Advisors, Inc. (registered 2022-03-30)
    Mar 30, 2022 · Advisor changed firm · fact
  • 2 advisors left Founders Financial Securities, LLC (EL Segundo, CA) for Cambridge Investment Research Advisors, Inc. on the same day
    Mar 30, 2022 · Team lift-out · derived
  • Kelley Anne Lebica left Founders Financial Securities, Llc for Cambridge Investment Research Advisors, Inc. (registered 2022-03-30)
    Mar 30, 2022 · Advisor changed firm · fact
  • Founders Financial Securities, Llc reported RAUM $2.2B, up 62% from $1.3B (2021-03-08 to 2021-03-31)
    Mar 31, 2021 · RAUM change · derived
  • Founders Financial Securities, Llc reported RAUM $1.3B, up 27% from $1.0B (2019-11-06 to 2020-03-30)
    Mar 30, 2020 · RAUM change · derived
  • Founders Financial Securities, Llc reported 59 offices beyond its principal office, up from 5 (2018-02-26 to 2018-03-29)
    Mar 29, 2018 · Office count change · derived
  • Founders Financial Securities, Llc reported RAUM $980.9M, up 30% from $754.9M (2018-02-26 to 2018-03-29)
    Mar 29, 2018 · 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
Business phone
410-308-9988reportedpublished by the firm, firm site, Sep 16, 2026
Firm profile
at.linkedin.com/company/foundersfinancialreportedpublic record, Form ADV, Sep 17, 2026
Website
foundersfcms.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
410-308-9988reportedpublic record, Form ADV, Apr 20, 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
$35.3Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026