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
Liberty Asset Management
Legal name Liberty Asset Management, LLC
Latest filing Aug 13, 2026
First filing on the tape Mar 23, 2012 · 23 filings
SEC status approved since Jul 15, 2025
RAUM
$141M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
97%
$137M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$23.5M
derived; firm RAUM over IAPD count
Employees
9
6 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$141M as of Aug 13, 2026
Mar 23, 2012$131M then
HNW client RAUM$63.3M as of Aug 13, 2026
Jul 14, 2025$0 then
State-registered IARs (5.B.3)6 as of Aug 13, 2026
Mar 21, 20135 then
Employees (5.A)9 as of Aug 13, 2026
Mar 21, 20139 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Aug 13, 2026; every figure names its basis
- RAUM per advisor
- $23.5MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 55derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.4MderivedHNW RAUM over HNW clients
- Average account
- $243,506derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 3.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- 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
- 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
- Individuals$74.0M52%
- High-net-worth individuals$63.3M45%
- Corporations and businesses$3.5M2.5%
- Charitable organizations$243,6910.2%
- Individual clients
- 302reported
- HNW clients
- 26reported
- Pension plan clients
- 0reported
- Charitable clients
- 1reported
- Accounts
- 579reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.97 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=5.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Richard Eric FrableCertified Financial Planner | Allentown, Pa | Dec 19, 2006 | 34 y | 0 |
| Gary Stephen MayoCertified Financial Planner | Allentown, Pa | Oct 17, 2008 | 44 y | 1 |
| Charles James Noti | Allentown, Pa | Jun 10, 2010 | 34 y | 1 |
| Benjamin Tyler Chunko | Hellertown, Pa | Feb 14, 2013 | 23 y | 1 |
| Kent Lane | Hellertown, Pa | Jul 14, 2023 | 9 y | 0 |
| Dylan Justice Purdy | Allentown, Pa | Jun 30, 2026 | 12 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Richard Louis Trotta to Keystone Capital CorporationAug 6, 2013 · Other
- Andrew Francis Aigner to Mcdermott Investment Advisors, LLCMay 8, 2012 · Other
- Devin Ashley Born to Comprehensive Capital Management, Inc.Apr 29, 2008 · Other
Joined, latest
- Dylan Justice Purdy from Eagle Strategies LLCJun 30, 2026 · Affiliated broker-dealer or bank to independent RIA
- Benjamin Tyler Chunko from Wells Fargo AdvisorsFeb 14, 2013 · Other
- Richard Louis Trotta from Wells Fargo AdvisorsNov 20, 2012 · Other
- Charles James Noti from Fsc Securities CorporationJun 10, 2010 · Other
- Gary Stephen Mayo from Gm Financial GroupOct 17, 2008 · Other
- Andrew Francis Aigner from Gm Financial GroupMar 3, 2008 · Other
- Devin Ashley Born from Asset & Financial Planning, LtdSep 14, 2007 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Eric Richard Frable · Member, Chief Compliance Officercontrolsince 09/2006 · owns 75% or more
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 |
|---|---|---|---|---|---|
| Allentown, Pa · principal | 6 | 1 | 0 | ||
| Hellertown, Pa | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Delray Beach, FL
What changed
consecutive filings, newest first
- Advisory employees · 5 to 6Feb 25, 2026 to Aug 13, 2026
- Employees · 8 to 9Feb 25, 2026 to Aug 13, 2026
- State-registered IARs · 5 to 6Feb 25, 2026 to Aug 13, 2026
- Accounts · 572 to 579Nov 25, 2025 to Feb 25, 2026
- Charity clients · 0 to 1Nov 25, 2025 to Feb 25, 2026
- Corporate clients · 1 to 2Nov 25, 2025 to Feb 25, 2026
- HNW clients · 25 to 26Nov 25, 2025 to Feb 25, 2026
- Individual clients · 343 to 302Nov 25, 2025 to Feb 25, 2026
- Discretionary RAUM · $137M to $141MNov 25, 2025 to Feb 25, 2026
- HNW RAUM · $52.9M to $63.3MNov 25, 2025 to Feb 25, 2026
- Individual RAUM · $81.2M to $74.0MNov 25, 2025 to Feb 25, 2026
- RAUM · $137M to $141MNov 25, 2025 to Feb 25, 2026
- Accounts · 539 to 572Aug 15, 2025 to Nov 25, 2025
- Advisory activities · 4 to 3Aug 15, 2025 to Nov 25, 2025
- Charity clients · 1 to 0Aug 15, 2025 to Nov 25, 2025
- Corporate clients · 2 to 1Aug 15, 2025 to Nov 25, 2025
- HNW clients · 0 to 25Aug 15, 2025 to Nov 25, 2025
- Individual clients · 320 to 343Aug 15, 2025 to Nov 25, 2025
- Employees · 6 to 8Aug 15, 2025 to Nov 25, 2025
- Discretionary RAUM · $106M to $137MAug 15, 2025 to Nov 25, 2025
- HNW RAUM · $0 to $52.9MAug 15, 2025 to Nov 25, 2025
- Individual RAUM · $103M to $81.2MAug 15, 2025 to Nov 25, 2025
- RAUM · $106M to $137MAug 15, 2025 to Nov 25, 2025
- Accounts · 297 to 539Jun 5, 2015 to Jul 14, 2025
- Advisory employees · 4 to 5Jun 5, 2015 to Jul 14, 2025
- BD registered reps · 4 to 5Jun 5, 2015 to Jul 14, 2025
- Charity clients · unset to 1.0Jun 5, 2015 to Jul 14, 2025
- Corporate clients · unset to 2.0Jun 5, 2015 to Jul 14, 2025
- HNW clients · unset to 0.0Jun 5, 2015 to Jul 14, 2025
- Individual clients · unset to 320.0Jun 5, 2015 to Jul 14, 2025
- Pension plan clients · unset to 0.0Jun 5, 2015 to Jul 14, 2025
- Pooled vehicle clients · unset to 0.0Jun 5, 2015 to Jul 14, 2025
- Financial planning clients · 11-25 to 101-250Jun 5, 2015 to Jul 14, 2025
- State-registered IARs · 4 to 5Jun 5, 2015 to Jul 14, 2025
- Other offices · unset to 1.0Jun 5, 2015 to Jul 14, 2025
- Discretionary RAUM · $34.5M to $106MJun 5, 2015 to Jul 14, 2025
- HNW RAUM · unset to 0.0Jun 5, 2015 to Jul 14, 2025
- Individual RAUM · unset to 102920083.0Jun 5, 2015 to Jul 14, 2025
- Pension RAUM · unset to 0.0Jun 5, 2015 to Jul 14, 2025
- Pooled vehicle RAUM · unset to 0.0Jun 5, 2015 to Jul 14, 2025
Signals
No event on the tape.
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 email
- tyopconka@lwmgmt.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 800-637-3211reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 610-398-7408reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 610-398-7333reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- LWMGMT.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 610 398-7333reportedpublic record, Form ADV, Aug 13, 2026
- Contact form
- lwmgmt.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- lwmgmt.com/our-teamreportedpublished by the firm, firm site, Sep 16, 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
- $23.5Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026