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

Dai Wealth, LLC

Independent wealth managerAtlanta, GeorgiaCRD 138938SEC 801-66260websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Dec 8, 2011 · 45 filings
SEC status approved since Feb 24, 2006
RAUM
$330M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
89%
$293M individuals and HNW
Advisors
25
registered through the firm on IAPD
RAUM per advisor
$13.2M
derived; firm RAUM over IAPD count
Employees
40
40 advisory (5.B.1)
Offices
15
beyond the principal office
Private funds
0
reported on Schedule D
History
45 filings and snapshots on the tape
RAUM$330M as of Mar 30, 2026
Mar 22, 2012$116M then
HNW client RAUM$198M as of Mar 30, 2026
Mar 30, 2018$94.5M then
State-registered IARs (5.B.3)25 as of Mar 30, 2026
Mar 28, 20132 then
Employees (5.A)40 as of Mar 30, 2026
Mar 28, 20136 then
Private funds: no history
RAUM +23% over the last fiscal year+45% a year over threeIARs 22 to 25offices 11 to 15
Practice profile
derived from the filing of Mar 30, 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
RAUM per advisor
$13.2MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
59derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$308,533derivedHNW RAUM over HNW clients
Average account
$161,109derivedRAUM over accounts (5.F.2.f)
Discretionary
98%derivedof RAUM
Institutional
10%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.6derivedItem 5.A over advisors
Advisors per office
1.6derived16 offices incl. principal (1.F.5)
RAUM growth, one year
+23%derivedbetween the last two annual amendments
Advisor growth, one year
+14%derivedItem 5.B.3 between annual amendments
Client growth, one year
+9.9%derived
Compensation
percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$35.4M, 256 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)
  • 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$198M60%
  • Individuals$94.2M29%
  • Charitable organizations$11.3M3.4%
  • State and municipal entities$11.2M3.4%
  • Pension and profit-sharing plans$10.7M3.2%
  • Corporations and businesses$4.1M1.2%
Individual clients
823reported
HNW clients
643reported
Pension plan clients
26reported
Charitable clients
8reported
Accounts
2,048reported
Financial planning clients
1-10reported
Wrap fee programs
$0 sponsored, $9.6M managedreported
Custody of client assets
$35.4M for 256 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.89 fund_share=0.0 institutional_share=0.1 related_bd=true related_bank=false bd_reps=31.0derived
Advisors registered through the firm
25 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Joseph Gerard MichaletzAtlanta, Ga Dec 16, 201341 y1
Jack James MichaletzMankato, Mn Dec 16, 201316 y0
Nicole Marie RoubikWayzata , Mn Jan 29, 201415 y0
Christine Ellen MichaletzAtlanta, GaJun 29, 201515 y0
Michael Edward O'TooleMankato, Mn Oct 10, 201818 y0
Candace BrownAtlanta, GaSep 20, 201915 y1
Jonathan R CreightonHingham, Ma Apr 22, 202117 y1
Robert W TanhoffAtlanta, Ga Apr 29, 202210 y1
Roy Vincent PflegerE Setauket, Ny May 31, 202212 y0
John R MartinCertified Financial PlannerAustin, Tx Oct 10, 202226 y7
Isaac OrtizCertified Financial PlannerEdmond, Ok Dec 19, 202223 y3
Jason Anthony MullinsAtlanta, Ga Dec 21, 202218 y3
Katelyn Marie MichaletzMankato, Mn Aug 3, 202311 y0
Connor SeedallLiberty Lake, Wa Nov 9, 202310 y1
Joey Dale MillerAtlanta, Ga Nov 29, 202313 y1
Leslie PenkaLenexa, Ks Jan 2, 202421 y6
Amy Jennifer FosbennerMount Sinai, Ny Jan 2, 202410 y1
Justin Scott MackieAtlanta, Ga May 29, 202410 y1
Brett DickinsonNew Braunfels, Tx Aug 14, 202414 y0
David Stephen UlmAtlanta, Ga Jan 27, 202513 y4
Kristin Reeve CreightonHingham, Ma Feb 14, 202515 y0
Albert Trevor FlorAtlanta, Ga Jun 5, 202519 y0
James GoolsbyAtlanta, GaJan 2, 202641 y6
Rod Paul OlsonAtlanta, Ga Jan 4, 202620 y2
Amanda Kaye IngwersenAtlanta, GaJan 23, 202610 y0
Advisor movement
1 left, 2 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 4.0% of current headcount2 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Candace Brown · Vp, Compliance Officercontrol
      since 09/2019 · owns less than 5%
    • Alan Matthew Ingber · Chief Operating Officercontrol
      since 02/2021 · owns less than 5%
    • R John Martin · Svp, Wealth Managementcontrol
      since 09/2022 · owns less than 5%
    • Ellen Christine Michaletz · Vp/Secretary/Treasurercontrol
      since 06/2015 · owns less than 5%
    • Gerard Joseph Michaletz · President/Chief Executive Officercontrol
      since 12/2005 · owns less than 5%
    • George Ernest Strauss · Chief Compliance Officercontrol
      since 04/2019 · owns less than 5%
    • Michael Craig Covington · Membercontrol
      since 10/2022 · owns 75% or more of Cc Capital Holdings LLC
    • Ellen Christine Michaletz · Co-Trusteecontrol
      since 09/2017 · owns 50% to 75% of The Christine E. Michaletz Revocable Living Trust Dtd. 9/13/2017
    • Ellen Christine Michaletz · Co-Trusteecontrol
      since 09/2017 · owns 50% to 75% of The Joseph G. Michaletz Revocable Living Trust Dtd. 9/13/2017
    • Gerard Joseph Michaletz · Co-Trusteecontrol
      since 09/2017 · owns 50% to 75% of The Christine E. Michaletz Revocable Living Trust Dtd. 9/13/2017
    • Gerard Joseph Michaletz · Co-Trusteecontrol
      since 09/2017 · owns 50% to 75% of The Joseph G. Michaletz Revocable Living Trust Dtd. 9/13/2017
    • Edward Michael O'Toole · Ownercontrol
      since 10/2022 · owns 75% or more of Mike O'Toole Real Estate, Inc.
    Entity owners
    • Cc Capital Holdings LLC · Member
      direct · owns 5% to 10%
    • Dai Holdings, LLC · Owner
      direct · owns 75% or more
    • Mike O'Toole Real Estate, Inc. · Member
      direct · owns 5% to 10%
    • The Christine E. Michaletz Revocable Living Trust Dtd. 9/13/2017 · Owner
      indirect · owns 50% to 75% of Dai Holdings, LLC
    • The Joseph G. Michaletz Revocable Living Trust Dtd. 9/13/2017 · Owner
      indirect · owns 50% to 75% of Dai Holdings, LLC
    Related persons
    Schedule D 7.A
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Atlanta, Ga · principal2531
    Mankato, Mn600
    Wayzata, Mn300
    Albuquerque, Nm200
    Hingham, Ma200
    New Braunfels, Tx200
    Offices
    Schedule D 1.F, the 25 largest
    • Mankato, MN6 employees
    • Hingham, MA2 employees
    • , 2 employees
    • Mankato, MN2 employees
    • Albuquerque, NM2 employees
    • Edmond, OK2 employees
    • East Setauket, NY1 employees
    • , 1 employees
    • , 1 employees
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • business activity changedChange between filings · filing Mar 30, 2026
      wrap fee program participation (Item 5.I): no on the filing of 2025-12-15, yes on the filing of 2026-03-30
      peers: independent wealth managers, $100M to $500M (5,676)
    How anomalies are measured
    What changed
    consecutive filings, newest first
    • Accounts · 1,821 to 2,048
      Dec 15, 2025 to Mar 30, 2026
    • Advisory employees · 32 to 40
      Dec 15, 2025 to Mar 30, 2026
    • BD registered reps · 27 to 31
      Dec 15, 2025 to Mar 30, 2026
    • Charity clients · 6 to 8
      Dec 15, 2025 to Mar 30, 2026
    • Corporate clients · 38 to 36
      Dec 15, 2025 to Mar 30, 2026
    • HNW clients · 570 to 643
      Dec 15, 2025 to Mar 30, 2026
    • Individual clients · 764 to 823
      Dec 15, 2025 to Mar 30, 2026
    • Assets in custody · $32.8M to $35.4M
      Dec 15, 2025 to Mar 30, 2026
    • Employees · 32 to 40
      Dec 15, 2025 to Mar 30, 2026
    • State-registered IARs · 22 to 25
      Dec 15, 2025 to Mar 30, 2026
    • Other offices · 12 to 15
      Dec 15, 2025 to Mar 30, 2026
    • Discretionary RAUM · $260M to $322M
      Dec 15, 2025 to Mar 30, 2026
    • HNW RAUM · $171M to $198M
      Dec 15, 2025 to Mar 30, 2026
    • Individual RAUM · $77.8M to $94.2M
      Dec 15, 2025 to Mar 30, 2026
    • Non-discretionary RAUM · $7.7M to $8.0M
      Dec 15, 2025 to Mar 30, 2026
    • Pension RAUM · $9.1M to $10.7M
      Dec 15, 2025 to Mar 30, 2026
    • RAUM · $267M to $330M
      Dec 15, 2025 to Mar 30, 2026
    • Related adviser · false to true
      Dec 15, 2025 to Mar 30, 2026
    • Wrap assets (manager) · unset to 9646782.0
      Dec 15, 2025 to Mar 30, 2026
    • Wrap assets (sponsor) · unset to 0.0
      Dec 15, 2025 to Mar 30, 2026
    • Assets in custody · unset to 32755004.0
      Jul 15, 2025 to Dec 15, 2025
    • Custody of client assets · false to true
      Jul 15, 2025 to Dec 15, 2025
    • Financial planning clients · 1-10 to 1-10
      Mar 28, 2025 to Jul 15, 2025
    • Other offices · 11 to 12
      Mar 28, 2025 to Jul 15, 2025
    • Accounts · 1,073 to 1,821
      Mar 25, 2024 to Mar 28, 2025
    • Advisory employees · 28 to 32
      Mar 25, 2024 to Mar 28, 2025
    • BD registered reps · 24 to 27
      Mar 25, 2024 to Mar 28, 2025
    • Charity clients · 11 to 6
      Mar 25, 2024 to Mar 28, 2025
    • Corporate clients · 14 to 38
      Mar 25, 2024 to Mar 28, 2025
    • HNW clients · 209 to 570
      Mar 25, 2024 to Mar 28, 2025
    • Individual clients · 562 to 764
      Mar 25, 2024 to Mar 28, 2025
    • Pension plan clients · 9 to 26
      Mar 25, 2024 to Mar 28, 2025
    • Assets in custody · 10591680.0 to unset
      Mar 25, 2024 to Mar 28, 2025
    • Custody of client assets · true to false
      Mar 25, 2024 to Mar 28, 2025
    • Employees · 28 to 32
      Mar 25, 2024 to Mar 28, 2025
    • State-registered IARs · 18 to 22
      Mar 25, 2024 to Mar 28, 2025
    • Other offices · 9 to 11
      Mar 25, 2024 to Mar 28, 2025
    • Discretionary RAUM · $153M to $260M
      Mar 25, 2024 to Mar 28, 2025
    • HNW RAUM · $74.2M to $171M
      Mar 25, 2024 to Mar 28, 2025
    • Individual RAUM · $65.4M to $77.8M
      Mar 25, 2024 to Mar 28, 2025
    Signals
    11 dated events
    • Cameron Rafati left Dai Wealth, Llc for Arkadios Wealth Advisors (registered 2026-02-03)
      Feb 26, 2026 · Advisor changed firm · fact
    • Dai Wealth, Llc reported RAUM $267.4M, up 75% from $152.5M (2024-03-25 to 2025-03-28)
      Mar 28, 2025 · RAUM change · derived
    • Martin Charles O'Shaughnessy left Dai Wealth, Llc for Belpointe Asset Management Llc (registered 2024-06-07)
      Jun 6, 2024 · Advisor changed firm · fact
    • Michael Craig Covington (Member) appeared on Schedule A of Dai Wealth, Llc
      Nov 29, 2023 · Control person joined · fact
    • Edward Michael O'Toole (Owner) appeared on Schedule A of Dai Wealth, Llc
      Nov 29, 2023 · Control person joined · fact
    • Candace Brown (Vp, Compliance Officer) appeared on Schedule A of Dai Wealth, Llc
      Nov 29, 2023 · Control person joined · fact
    • R John Martin (Svp, Wealth Management) appeared on Schedule A of Dai Wealth, Llc
      Nov 29, 2023 · Control person joined · fact
    • Dai Wealth, Inc. reported succeeding to the business of Another Adviser (Form ADV Item 4)
      Sep 14, 2023 · Succession (Item 4) · fact
    • Codie Tiffin left Dai Wealth, Llc for Merrill Lynch, Pierce, Fenner & Smith Incorporated (registered 2023-04-04)
      Feb 16, 2023 · Advisor changed firm · fact
    • 2 advisors left Scf Investment Advisors, Inc. (Edmond, OK) for Dai Wealth, LLC on the same day
      Dec 22, 2022 · Team lift-out · derived
    • Alan Matthew Ingber (Chief Operating Officer) appeared on Schedule A of Dai Wealth, Llc
      Sep 1, 2021 · Control person joined · 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
    404-531-7080reportedpublished by the firm, firm site, Sep 17, 2026
    Firm profile
    linkedin.com/company/dai-securities-llcreportedpublic record, Form ADV, Sep 17, 2026
    Website
    daiwealth.comreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    404-531-7080reportedpublic record, Form ADV, Mar 30, 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
    $13.2Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026