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.

Former SEC-registered adviser

Water Oak Advisors, LLC

Former SEC-registered adviserWinter Park, FloridaCRD 140486SEC 801-66872IAPD
Latest filing Jul 17, 2020
First filing on the tape Mar 3, 2012 · 50 filings
RAUM
$2.2B
reported, Item 5.F
Discretionary
94%
of RAUM
Private clients
79%
$1.8B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
16
10 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
50 filings and snapshots on the tape
RAUM$2.2B as of Mar 25, 2020
Mar 3, 2012$762M then
HNW client RAUM$1.7B as of Mar 25, 2020
Mar 28, 2018$1.7B then
State-registered IARs (5.B.3)11 as of Mar 25, 2020
Apr 1, 20136 then
Employees (5.A)16 as of Mar 25, 2020
Apr 1, 201310 then
Private funds: no history
RAUM +14% over the last fiscal year+9.9% a year over threeIARs 9 to 11
Practice profile
derived from the filing of Jul 17, 2020; every figure names its basis
RAUM per advisor
$204MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
56derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.0MderivedHNW RAUM over HNW clients
Average account
$1.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
94%derivedof RAUM
Institutional
6.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
11.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+14%derivedbetween the last two annual amendments
Advisor growth, one year
+22%derivedItem 5.B.3 between annual amendments
Client growth, one year
+1.7%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, otherreportedItem 5.G
Custody
$894M, 337 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)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.7B76%
  • Corporations and businesses$319M14%
  • Charitable organizations$131M5.8%
  • Individuals$66.9M3.0%
  • Pension and profit-sharing plans$23.8M1.1%
Individual clients
186reported
HNW clients
425reported
Pension plan clients
3reported
Charitable clients
13reported
Accounts
2,020reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$894M for 337 clientsreported
Compensation
% of AUMreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
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
    • Armfield Stephen Curley · Chief Investment Officer / Principalcontrol
      since 02/2010 · owns 10% to 25%
    • Ann Rebecca Judd · Chief Compliance Officercontrol
      since 03/2020 · owns less than 5%
    • Clarke Lance Lemons · Presidentcontrol
      since 05/2006 · owns 75% or more
    • Joseph Scott Macaione · Head Of Advisory Services / Principalcontrol
      since 05/2011 · owns 10% to 25%
    • Joseph Gregory Mendoza · Manager Of Operationscontrol
      since 07/2013 · owns less than 5%
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 1,959 to 2,020
      Feb 5, 2020 to Mar 25, 2020
    • Advisory employees · 8 to 10
      Feb 5, 2020 to Mar 25, 2020
    • Charity clients · 15 to 13
      Feb 5, 2020 to Mar 25, 2020
    • Corporate clients · 12 to 7
      Feb 5, 2020 to Mar 25, 2020
    • HNW clients · 407 to 425
      Feb 5, 2020 to Mar 25, 2020
    • Individual clients · 194 to 186
      Feb 5, 2020 to Mar 25, 2020
    • Assets in custody · $568M to $894M
      Feb 5, 2020 to Mar 25, 2020
    • Employees · 13 to 16
      Feb 5, 2020 to Mar 25, 2020
    • State-registered IARs · 9 to 11
      Feb 5, 2020 to Mar 25, 2020
    • Discretionary RAUM · $1.8B to $2.1B
      Feb 5, 2020 to Mar 25, 2020
    • HNW RAUM · $1.4B to $1.7B
      Feb 5, 2020 to Mar 25, 2020
    • Individual RAUM · $71.6M to $66.9M
      Feb 5, 2020 to Mar 25, 2020
    • Non-discretionary RAUM · $150M to $145M
      Feb 5, 2020 to Mar 25, 2020
    • Pension RAUM · $23.0M to $23.8M
      Feb 5, 2020 to Mar 25, 2020
    • RAUM · $2.0B to $2.2B
      Feb 5, 2020 to Mar 25, 2020
    • Accounts · 1,826 to 1,959
      Nov 2, 2018 to Mar 28, 2019
    • Advisory employees · 9 to 8
      Nov 2, 2018 to Mar 28, 2019
    • Charity clients · 12 to 15
      Nov 2, 2018 to Mar 28, 2019
    • Corporate clients · 6 to 12
      Nov 2, 2018 to Mar 28, 2019
    • HNW clients · 406 to 407
      Nov 2, 2018 to Mar 28, 2019
    • Individual clients · 195 to 194
      Nov 2, 2018 to Mar 28, 2019
    • Pension plan clients · 4 to 3
      Nov 2, 2018 to Mar 28, 2019
    • Assets in custody · $738M to $568M
      Nov 2, 2018 to Mar 28, 2019
    • Employees · 14 to 13
      Nov 2, 2018 to Mar 28, 2019
    • Financial planning clients · 51-100 to 101-250
      Nov 2, 2018 to Mar 28, 2019
    • State-registered IARs · 11 to 9
      Nov 2, 2018 to Mar 28, 2019
    • Discretionary RAUM · $1.9B to $1.8B
      Nov 2, 2018 to Mar 28, 2019
    • HNW RAUM · $1.7B to $1.4B
      Nov 2, 2018 to Mar 28, 2019
    • Individual RAUM · $74.2M to $71.6M
      Nov 2, 2018 to Mar 28, 2019
    • Non-discretionary RAUM · $131M to $150M
      Nov 2, 2018 to Mar 28, 2019
    • Pension RAUM · $24.0M to $23.0M
      Nov 2, 2018 to Mar 28, 2019
    • RAUM · $2.0B to $2.0B
      Nov 2, 2018 to Mar 28, 2019
    • Accounts · 1,767 to 1,826
      Jul 28, 2017 to Mar 28, 2018
    • Advisory employees · 13 to 9
      Jul 28, 2017 to Mar 28, 2018
    • Advisory activities · 6 to 5
      Jul 28, 2017 to Mar 28, 2018
    • Charity clients · unset to 12.0
      Jul 28, 2017 to Mar 28, 2018
    • Corporate clients · unset to 6.0
      Jul 28, 2017 to Mar 28, 2018
    • HNW clients · unset to 406.0
      Jul 28, 2017 to Mar 28, 2018
    • Individual clients · unset to 195.0
      Jul 28, 2017 to Mar 28, 2018
    • Pension plan clients · unset to 4.0
      Jul 28, 2017 to Mar 28, 2018
    Signals
    1 dated events
    • Ann Rebecca Judd (Chief Compliance Officer) appeared on Schedule A of Water Oak Advisors, Llc
      Mar 25, 2020 · 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.
    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
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026