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

The Capital Advisory Group Advisory Services, LLC

Former SEC-registered adviserPhoenix, ArizonaCRD 140551SEC 801-69464websiteIAPD
Latest filing Mar 16, 2026
First filing on the tape Apr 2, 2012 · 48 filings
SEC status approved since Aug 25, 2008
RAUM
$539M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
96%
$517M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
7
7 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
48 filings and snapshots on the tape
RAUM$539M as of Mar 16, 2026
Apr 2, 2012$128M then
HNW client RAUM$243M as of Mar 16, 2026
Mar 29, 2018$95.9M then
State-registered IARs (5.B.3)7 as of Mar 16, 2026
Apr 2, 20120 then
Employees (5.A)7 as of Mar 16, 2026
Mar 20, 201320 then
Private funds: no history
RAUM +34% over the last fiscal year+17% a year over threeIARs 7 to 7
Practice profile
derived from the filing of Mar 16, 2026; every figure names its basis
RAUM per advisor
$77.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
203derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$237,760derivedHNW RAUM over HNW clients
Average account
$297,049derivedRAUM over accounts (5.F.2.f)
Discretionary
96%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
2.3derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+34%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+203%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, educational seminars, 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$274M53%
  • High-net-worth individuals$243M47%
Individual clients
402reported
HNW clients
1,022reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
1,814reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
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
8 left, 1 joined in 12 months
net -7 in 12 months1 left in 90 days0 joined in 90 days10 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
  • Allen Brett Machtig · Managing Membercontrol
    since 07/2008 · owns 75% or more
  • Joseph Michael Ruggieri · Chief Compliance Officercontrol
    since 03/2023 · owns less than 5%
Related persons
Schedule D 7.A
  • Foreman & Airhart, Ltd.
    insurancen
  • Machtig And Associates Insurance Services, LLC
    real estaten
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Danvers, Ma000
Bloomington, Mn0031
Phoenix, Az · principal0042
Peoria, Az001
Offices
Schedule D 1.F, the 25 largest
  • Phoenix, AZ1 employees
  • , 1 employees
What changed
consecutive filings, newest first
  • Accounts · 1,424 to 1,814
    Aug 6, 2025 to Mar 16, 2026
  • Charity clients · 1 to 0
    Aug 6, 2025 to Mar 16, 2026
  • HNW clients · 97 to 1,022
    Aug 6, 2025 to Mar 16, 2026
  • Individual clients · 373 to 402
    Aug 6, 2025 to Mar 16, 2026
  • Pension plan clients · 7 to 0
    Aug 6, 2025 to Mar 16, 2026
  • Employees · 10 to 7
    Aug 6, 2025 to Mar 16, 2026
  • Discretionary RAUM · $384M to $517M
    Aug 6, 2025 to Mar 16, 2026
  • HNW RAUM · $278M to $243M
    Aug 6, 2025 to Mar 16, 2026
  • Individual RAUM · $106M to $274M
    Aug 6, 2025 to Mar 16, 2026
  • Non-discretionary RAUM · $18.5M to $21.6M
    Aug 6, 2025 to Mar 16, 2026
  • RAUM · $403M to $539M
    Aug 6, 2025 to Mar 16, 2026
  • Financial planning clients · 0 to 0
    Jul 31, 2025 to Aug 6, 2025
  • HQ city · BLOOMINGTON to PHOENIX
    Mar 3, 2025 to Jul 31, 2025
  • HQ state · MN to AZ
    Mar 3, 2025 to Jul 31, 2025
  • Accounts · 1,132 to 1,424
    Feb 14, 2024 to Mar 3, 2025
  • Advisory employees · 5 to 7
    Feb 14, 2024 to Mar 3, 2025
  • BD registered reps · 5 to 7
    Feb 14, 2024 to Mar 3, 2025
  • HNW clients · 64 to 97
    Feb 14, 2024 to Mar 3, 2025
  • Individual clients · 435 to 373
    Feb 14, 2024 to Mar 3, 2025
  • Pension plan clients · 6 to 7
    Feb 14, 2024 to Mar 3, 2025
  • Employees · 6 to 10
    Feb 14, 2024 to Mar 3, 2025
  • Financial planning clients · 1-10 to 0
    Feb 14, 2024 to Mar 3, 2025
  • State-registered IARs · 5 to 7
    Feb 14, 2024 to Mar 3, 2025
  • Discretionary RAUM · $277M to $384M
    Feb 14, 2024 to Mar 3, 2025
  • HNW RAUM · $169M to $278M
    Feb 14, 2024 to Mar 3, 2025
  • Individual RAUM · $107M to $106M
    Feb 14, 2024 to Mar 3, 2025
  • Non-discretionary RAUM · $0 to $18.5M
    Feb 14, 2024 to Mar 3, 2025
  • RAUM · $277M to $403M
    Feb 14, 2024 to Mar 3, 2025
  • Accounts · 1,558 to 1,132
    Jul 10, 2023 to Feb 14, 2024
  • Advisory employees · 4 to 5
    Jul 10, 2023 to Feb 14, 2024
  • BD registered reps · 4 to 5
    Jul 10, 2023 to Feb 14, 2024
  • HNW clients · 36 to 64
    Jul 10, 2023 to Feb 14, 2024
  • Individual clients · 739 to 435
    Jul 10, 2023 to Feb 14, 2024
  • Pension plan clients · 9 to 6
    Jul 10, 2023 to Feb 14, 2024
  • State-registered IARs · 4 to 5
    Jul 10, 2023 to Feb 14, 2024
  • Discretionary RAUM · $274M to $277M
    Jul 10, 2023 to Feb 14, 2024
  • HNW RAUM · $132M to $169M
    Jul 10, 2023 to Feb 14, 2024
  • Individual RAUM · $183M to $107M
    Jul 10, 2023 to Feb 14, 2024
  • Non-discretionary RAUM · $62.2M to $0
    Jul 10, 2023 to Feb 14, 2024
  • Pension RAUM · $19.3M to $0
    Jul 10, 2023 to Feb 14, 2024
Signals
21 dated events
  • The Capital Advisory Group Advisory Services, Llc no longer on the SEC adviser roster (last listed 2026-08-03, RAUM $538.8M)
    Sep 1, 2026 · Left the SEC roster · derived
  • Michael Joseph Ruggieri left The Capital Advisory Group Advisory Services, Llc for Lpl Financial Llc (registered 2026-01-06)
    Aug 5, 2026 · Advisor changed firm · fact
  • Mark Alan Foreman left The Capital Advisory Group Advisory Services, Llc for Lpl Financial Llc (registered 2026-01-06)
    May 12, 2026 · Advisor changed firm · fact
  • Michael A Jungwirth left The Capital Advisory Group Advisory Services, Llc for Lpl Financial Llc (registered 2026-01-06)
    May 12, 2026 · Advisor changed firm · fact
  • Joseph Alfeo Dombro left The Capital Advisory Group Advisory Services, Llc for Lpl Financial Llc (registered 2026-01-06)
    May 12, 2026 · Advisor changed firm · fact
  • Brett Allen Machtig left The Capital Advisory Group Advisory Services, Llc for Lpl Financial Llc (registered 2026-01-06)
    May 12, 2026 · Advisor changed firm · fact
  • The Capital Advisory Group Advisory Services, LLC's advisors moved to LPL Financial LLC (Phoenix, AZ): 4 of 5 registered, on the same day
    May 12, 2026 · Firm absorbed (people side) · derived
  • 2 advisors left The Capital Advisory Group Advisory Services, LLC (Bloomington, MN) for LPL Financial LLC on the same day
    May 12, 2026 · Team lift-out · derived
  • The Capital Advisory Group Advisory Services, Llc reported RAUM $538.8M, up 34% from $402.8M (2025-08-06 to 2026-03-16)
    Mar 16, 2026 · RAUM change · derived
  • Robert Taylor Anderson left The Capital Advisory Group Advisory Services, Llc for Great Valley Advisor Group, Llc (registered 2026-01-05)
    Jan 6, 2026 · Advisor changed firm · fact
  • Todd Joseph Morris left The Capital Advisory Group Advisory Services, Llc for Great Valley Advisor Group, Llc (registered 2026-01-05)
    Jan 6, 2026 · Advisor changed firm · fact
  • Roger Alan Anderson left The Capital Advisory Group Advisory Services, Llc for Great Valley Advisor Group, Llc (registered 2026-01-08)
    Jan 6, 2026 · Advisor changed firm · fact
  • 2 advisors left The Capital Advisory Group Advisory Services, LLC (Phoenix, AZ) for Great Valley Advisor Group, LLC on the same day
    Jan 6, 2026 · Team lift-out · derived
  • Donald Brody Ledingham left The Capital Advisory Group Advisory Services, Llc for Lpl Financial Llc (registered 2021-11-10)
    Mar 6, 2025 · Advisor changed firm · fact
  • The Capital Advisory Group Advisory Services, Llc reported RAUM $402.8M, up 45% from $277.1M (2024-02-14 to 2025-03-03)
    Mar 3, 2025 · RAUM change · derived
  • Richard Carmine Cella left The Capital Advisory Group Advisory Services, Llc for Lpl Financial Llc (registered 2021-11-10)
    Dec 4, 2023 · Advisor changed firm · fact
  • Joseph Michael Ruggieri (Chief Compliance Officer) appeared on Schedule A of The Capital Advisory Group Advisory Services, Llc
    Jul 10, 2023 · Control person joined · fact
  • Carmine Richard Cella (Managing Member) no longer on Schedule A of The Capital Advisory Group Advisory Services, Llc (listed 2022-03-14, absent 2022-04-18)
    Apr 18, 2022 · Control person left · inference
  • The Capital Advisory Group Advisory Services, Llc reported RAUM $362.5M, down 29% from $510.3M (2021-11-24 to 2022-03-14)
    Mar 14, 2022 · RAUM change · derived
  • Clifford Hayden Watkin (Member) no longer on Schedule A of The Capital Advisory Group Advisory Services, Llc (listed 2019-11-26, absent 2020-01-14)
    Jan 14, 2020 · Control person left · inference
  • The Capital Advisory Group Advisory Services, Llc reported RAUM $384.8M, up 41% from $273.8M (2017-03-13 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.
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