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•••••• W••••• A•••••••
Legal name P•••••• W••••• A•••••••• L••
Latest filing Mar 20, 2026
First filing on the tape Mar 14, 2012 · 40 filings
SEC status approved since Jan 2, 2008
RAUM
$451M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
97%
$438M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$226M
derived; firm RAUM over IAPD count
Employees
6
2 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
1
reported on Schedule D
History
40 filings and snapshots on the tape
RAUM$451M as of Mar 20, 2026
Mar 14, 2012$116M then
HNW client RAUM$301M as of Mar 20, 2026
Mar 29, 2018$123M then
State-registered IARs (5.B.3)2 as of Mar 20, 2026
Feb 19, 20132 then
Employees (5.A)6 as of Mar 20, 2026
Feb 19, 20138 then
Private funds: 1
RAUM +22% over the last fiscal year+8.9% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 20, 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
- ria with p•••••• funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $226MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 445derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.4MderivedHNW RAUM over HNW clients
- Average account
- $409,400derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.0derivedItem 5.A over advisors
- Advisors per office
- 0.3derived6 offices incl. principal (1.F.5)
- RAUM growth, one year
- +22%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -18%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Custody
- $451M, 898 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.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$301M67%
- Individuals$137M30%
- Pension and profit-sharing plans$6.7M1.5%
- Pooled investment vehicles$6.2M1.4%
- Charitable organizations$212,5290.0%
- Individual clients
- 801reported
- HNW clients
- 89reported
- Pension plan clients
- 4reported
- Charitable clients
- 2reported
- Accounts
- 1,102reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $451M for 898 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.97 fund_share=0.01 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M••••• L•• M••••••Certified Financial Planner, Chartered Financial Consultant | Cambria, Ca | Sep 4, 2012 | 33 y | 2 |
| N••••••• A•••••• M••••••Certified Financial Planner | Fresno, Ca | Jan 8, 2026 | 18 y | 1 |
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
- V•••• J••••• T••••• to S••••• P•••••• W••••• A••••••• G•••• I•••Jan 10, 2022 · Other
- C••••••••• M•••••• M••••• to S••••• P•••••• W••••• A••••••• G•••• I•••Nov 24, 2021 · Other
- T• M••• N•••••• to M••••• S••••••••• I•••Sep 28, 2011 · Other
Joined, latest
- M••••• L•• M•••••• from M••••• S••••••••• I•••Sep 4, 2012 · Other
- T• M••• N•••••• from P•••••••• S••••••••• I•••Jan 11, 2007 · Other
- C••••••••• M•••••• M••••• from P•••••••• S••••••••• I•••Jan 11, 2007 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- L••••••••• D•••••• J••••• · Chief Compliance Officer/Operations Officercontrolsince 08/2020 · owns less than 5%
- M••••••• M•••••• L•• · Managing Membercontrolsince 09/2006 · owns 75% or more
- M••••••• N•••••••• A•••••• · Chief Investment Officersince 01/2022 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Fresno, Ca · principal | 2 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Pismo Beach, CA1 employees
- , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- business activity changedChange between filings · filing Mar 20, 2026advises private funds (Item 7.B): no on the filing of 2025-03-12, yes on the filing of 2026-03-20peers: independent wealth managers, $100M to $500M (5,678)
What changed
consecutive filings, newest first
- Accounts · 1,125 to 1,102Mar 12, 2025 to Mar 20, 2026
- HNW clients · 68 to 89Mar 12, 2025 to Mar 20, 2026
- Individual clients · 1,012 to 801Mar 12, 2025 to Mar 20, 2026
- Pension plan clients · 43 to 4Mar 12, 2025 to Mar 20, 2026
- Pooled vehicle clients · unset to 2.0Mar 12, 2025 to Mar 20, 2026
- Assets in custody · $36.0M to $451MMar 12, 2025 to Mar 20, 2026
- Private funds · unset to 1Mar 12, 2025 to Mar 20, 2026
- Discretionary RAUM · $369M to $451MMar 12, 2025 to Mar 20, 2026
- HNW RAUM · $219M to $301MMar 12, 2025 to Mar 20, 2026
- Individual RAUM · $143M to $137MMar 12, 2025 to Mar 20, 2026
- Pension RAUM · $6.3M to $6.7MMar 12, 2025 to Mar 20, 2026
- Pooled vehicle RAUM · unset to 6154000.0Mar 12, 2025 to Mar 20, 2026
- RAUM · $369M to $451MMar 12, 2025 to Mar 20, 2026
- Accounts · 992 to 1,125Aug 23, 2024 to Mar 12, 2025
- Charity clients · 1 to 2Aug 23, 2024 to Mar 12, 2025
- HNW clients · 62 to 68Aug 23, 2024 to Mar 12, 2025
- Individual clients · 550 to 1,012Aug 23, 2024 to Mar 12, 2025
- Pension plan clients · 4 to 43Aug 23, 2024 to Mar 12, 2025
- Assets in custody · $324M to $36.0MAug 23, 2024 to Mar 12, 2025
- Financial planning clients · 251-500 to 251-500Aug 23, 2024 to Mar 12, 2025
- Discretionary RAUM · $353M to $369MAug 23, 2024 to Mar 12, 2025
- HNW RAUM · $247M to $219MAug 23, 2024 to Mar 12, 2025
- Individual RAUM · $99.6M to $143MAug 23, 2024 to Mar 12, 2025
- Pension RAUM · $5.8M to $6.3MAug 23, 2024 to Mar 12, 2025
- RAUM · $353M to $369MAug 23, 2024 to Mar 12, 2025
- Assets in custody · unset to 324099897.0May 7, 2024 to Aug 23, 2024
- Custody of client assets · false to trueMay 7, 2024 to Aug 23, 2024
- Accounts · 982 to 992Jul 25, 2023 to Mar 28, 2024
- HNW clients · 66 to 62Jul 25, 2023 to Mar 28, 2024
- Individual clients · 485 to 550Jul 25, 2023 to Mar 28, 2024
- Financial planning clients · More than 500 to 251-500Jul 25, 2023 to Mar 28, 2024
- State-registered IARs · 4 to 2Jul 25, 2023 to Mar 28, 2024
- Other offices · 1 to 5Jul 25, 2023 to Mar 28, 2024
- Discretionary RAUM · $349M to $353MJul 25, 2023 to Mar 28, 2024
- HNW RAUM · $204M to $247MJul 25, 2023 to Mar 28, 2024
- Individual RAUM · $139M to $99.6MJul 25, 2023 to Mar 28, 2024
- Pension RAUM · $5.7M to $5.8MJul 25, 2023 to Mar 28, 2024
- RAUM · $349M to $353MJul 25, 2023 to Mar 28, 2024
- Accounts · 415 to 982Aug 23, 2022 to Mar 2, 2023
- Advisory employees · 3 to 2Aug 23, 2022 to Mar 2, 2023
Signals
4 dated events
- Michael Chris Murray (Managing Member) no longer on Schedule A of P•••••• W••••• A••••••• (listed 2021-08-17, absent 2022-01-20)Jan 20, 2022 · Control person left · inference
- V•••• J••••• T••••• left P•••••• W••••• A••••••• for S••••• P•••••• W••••• A••••••• G•••• I••• (registered 2021-05-12)Jan 10, 2022 · Advisor changed firm · fact
- Ann Jeannette Raypholtz (Chief Compliance Officer) no longer on Schedule A of P•••••• W••••• A••••••• (listed 2020-07-02, absent 2020-09-02)Sep 2, 2020 · Control person left · inference
- J••••• D••••• L••••••••• (Chief Compliance Officer/Operations Manager) appeared on Schedule A of P•••••• W••••• A•••••••Sep 2, 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.
How to reach
public business contact points only, each with its source
- Website
- b•••.p••.netreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 559-451-3463reportedpublic record, Form ADV, Mar 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
- $226Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026