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
P•••••••• F••••••••• I•••
Latest filing Jan 22, 2026
First filing on the tape Feb 8, 2021 · 31 filings
SEC status approved since Mar 10, 2021
RAUM
$279M
reported, Item 5.F
Discretionary
67%
of RAUM
Private clients
98%
$273M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$55.9M
derived; firm RAUM over IAPD count
Employees
8
5 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$279M as of Jan 22, 2026
Feb 22, 2022$145M then
HNW client RAUM$187M as of Jan 22, 2026
Feb 22, 2022$85.0M then
State-registered IARs (5.B.3)5 as of Jan 22, 2026
Feb 22, 20222 then
Employees (5.A)8 as of Jan 22, 2026
Feb 22, 20226 then
Private funds: no history
RAUM +18% over the last fiscal year+21% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Jan 22, 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
- 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
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $55.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 82derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.9MderivedHNW RAUM over HNW clients
- Average account
- $270,076derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 67%derivedof RAUM
- Institutional
- 0.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.6derivedItem 5.A over advisors
- Advisors per office
- 2.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +18%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -26%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- Wrap fee program
- $188MreportedItem 5.I
- 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 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$187M67%
- Individuals$86.3M31%
- Corporations and businesses$4.0M1.4%
- Pension and profit-sharing plans$2.1M0.8%
- Individual clients
- 362reported
- HNW clients
- 48reported
- Pension plan clients
- n/areported
- Charitable clients
- 0reported
- Accounts
- 1,034reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| B•••• S•••• S•••• | Novi, Mi | Jun 19, 2021 | 14 y | 2 |
| D•••••• S•••• S••••Certified Financial Planner | Novi, Mi | Jun 19, 2021 | 39 y | 2 |
| D•••• R••• M••••••Chartered Financial Consultant | Novi, Mi | Jan 5, 2023 | 41 y | 3 |
| K••••• N••••• M•••• | Novi, Mi | Jan 30, 2024 | 10 y | 0 |
| R••••• P••• S••••••••Chartered Financial Consultant | Novi, Mi | Jan 1, 2025 | 21 y | 3 |
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 headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- R••••• P••• S•••••••• from B••••• W••••• M••••••••• L••Jan 1, 2025 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- S••••• D••••••• S•••• · President And Chief Compliance Officercontrolsince 11/2005 · owns 75% or more
- S••••• B••••• S•••• · Vice Presidentsince 01/2020 · owns 25% to 50%
Related persons
Schedule D 7.A
- C••••• S••••• R•••••• L••investment companyn
Advisers that list P•••••••• F••••••••• I••• as a related person
- 313668 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Novi, Mi · principal | 5 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Jan 22, 2026private 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 $236,868,620 to $279,258,481, advisors 5 to 5, private clients 555 to 410, offices 1 to 1 (2025-03-26 to 2026-01-22)peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 1,086 to 1,034Mar 26, 2025 to Jan 22, 2026
- HNW clients · 40 to 48Mar 26, 2025 to Jan 22, 2026
- Individual clients · 515 to 362Mar 26, 2025 to Jan 22, 2026
- Employees · 7 to 8Mar 26, 2025 to Jan 22, 2026
- Discretionary RAUM · $128M to $188MMar 26, 2025 to Jan 22, 2026
- HNW RAUM · $128M to $187MMar 26, 2025 to Jan 22, 2026
- Individual RAUM · $103M to $86.3MMar 26, 2025 to Jan 22, 2026
- Non-discretionary RAUM · $109M to $91.6MMar 26, 2025 to Jan 22, 2026
- Pension RAUM · $2.1M to $2.1MMar 26, 2025 to Jan 22, 2026
- RAUM · $237M to $279MMar 26, 2025 to Jan 22, 2026
- Financial planning clients · 1-10 to 1-10Jan 25, 2025 to Mar 26, 2025
- Accounts · 902 to 1,086Dec 10, 2024 to Jan 25, 2025
- Advisory employees · 4 to 5Dec 10, 2024 to Jan 25, 2025
- Advisory activities · 3 to 2Dec 10, 2024 to Jan 25, 2025
- Corporate clients · 4.0 to unsetDec 10, 2024 to Jan 25, 2025
- HNW clients · 34 to 40Dec 10, 2024 to Jan 25, 2025
- Individual clients · 463 to 515Dec 10, 2024 to Jan 25, 2025
- Employees · 6 to 7Dec 10, 2024 to Jan 25, 2025
- State-registered IARs · 4 to 5Dec 10, 2024 to Jan 25, 2025
- Discretionary RAUM · $122M to $128MDec 10, 2024 to Jan 25, 2025
- HNW RAUM · $63.8M to $128MDec 10, 2024 to Jan 25, 2025
- Individual RAUM · $76.5M to $103MDec 10, 2024 to Jan 25, 2025
- Non-discretionary RAUM · $22.1M to $109MDec 10, 2024 to Jan 25, 2025
- Pension RAUM · $2.1M to $2.1MDec 10, 2024 to Jan 25, 2025
- RAUM · $144M to $237MDec 10, 2024 to Jan 25, 2025
- Accounts · 1,688 to 902Sep 5, 2023 to Jan 25, 2024
- Advisory employees · 5 to 4Sep 5, 2023 to Jan 25, 2024
- Advisory activities · 5 to 3Sep 5, 2023 to Jan 25, 2024
- HNW clients · 47 to 34Sep 5, 2023 to Jan 25, 2024
- Individual clients · 210 to 463Sep 5, 2023 to Jan 25, 2024
- Pension plan clients · 27.0 to unsetSep 5, 2023 to Jan 25, 2024
- Employees · 8 to 6Sep 5, 2023 to Jan 25, 2024
- Other offices · 0 to 1Sep 5, 2023 to Jan 25, 2024
- Discretionary RAUM · $108M to $122MSep 5, 2023 to Jan 25, 2024
- HNW RAUM · $102M to $63.8MSep 5, 2023 to Jan 25, 2024
- Individual RAUM · $36.1M to $76.5MSep 5, 2023 to Jan 25, 2024
- Non-discretionary RAUM · $48.0M to $22.1MSep 5, 2023 to Jan 25, 2024
- Pension RAUM · $15.9M to $2.1MSep 5, 2023 to Jan 25, 2024
- RAUM · $156M to $144MSep 5, 2023 to Jan 25, 2024
- Accounts · 732 to 1,688Jan 4, 2023 to Feb 28, 2023
Signals
1 dated events
- S•••• S•••• F•••••••• filed its initial SEC registration (Form ADV)Feb 8, 2021 · 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.
How to reach
public business contact points only, each with its source
- Business phone
- 248-946-4515reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/pathworks-financialreportedpublic record, Form ADV, Sep 18, 2026
- Website
- p•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 248-946-4515reportedpublic record, Form ADV, Jan 22, 2026
- Contact form
- p•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- p•••••••••.comreportedpublished 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
- $55.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026