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
Passive Capital Management, LLC
Latest filing Jan 25, 2026
First filing on the tape Jan 11, 2012 · 22 filings
SEC status approved since Feb 6, 2008
RAUM
$997M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
83%
$831M individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$111M
derived; firm RAUM over IAPD count
Employees
8
8 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$997M as of Jan 25, 2026
Jan 11, 2012$172M then
HNW client RAUM$748M as of Jan 25, 2026
Feb 5, 2018$350M then
State-registered IARs (5.B.3)8 as of Jan 25, 2026
Jan 10, 20133 then
Employees (5.A)8 as of Jan 25, 2026
Jan 10, 20133 then
Private funds: no history
RAUM +5.9% over the last fiscal year+7.9% a year over threeIARs 8 to 8
Practice profile
derived from the filing of Jan 25, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $111MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 44derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $7.4MderivedHNW RAUM over HNW clients
- Average account
- $2.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 11%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.9derivedItem 5.A over advisors
- Advisors per office
- 3.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +5.9%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +5.6%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Custody
- $202M, 152 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$748M75%
- Individuals$82.9M8.3%
- Charitable organizations$78.7M7.9%
- Corporations and businesses$57.7M5.8%
- Pension and profit-sharing plans$29.9M3.0%
- Individual clients
- 298reported
- HNW clients
- 101reported
- Pension plan clients
- n/areported
- Charitable clients
- 16reported
- Accounts
- 428reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- $202M for 152 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.83 fund_share=0.0 institutional_share=0.11 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
9 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Scott Dewitt ReinhardtChartered Financial Analyst | Syracuse, Ny | Apr 7, 2021 | 29 y | 0 |
| Jacob Joseph FarabeeChartered Financial Analyst | Syracuse, Ny | Mar 15, 2024 | 13 y | 0 |
| Daniel Zanti Strine | Baltimore, Md | Aug 5, 2024 | 23 y | 4 |
| Jeffrey Carr FountainCertified Financial Planner | Baltimore, Md | Dec 10, 2024 | 11 y | 1 |
| Jacob Paul AsplundhCertified Financial Planner | Huntingdon Valley, Pa | Mar 25, 2025 | 14 y | 2 |
| Jonathan Ennis Farber | Baltimore, Md | Jan 1, 2026 | 36 y | 0 |
| David Andrew TrossmanCertified Financial Planner, Chartered Financial Analyst | Baltimore, Md | Jan 1, 2026 | 25 y | 1 |
| Isaiah Raymond Byrd-Braxton | Baltimore, Md | Apr 30, 2026 | 10 y | 0 |
| Eric Alexander RohtlaCertified Financial Planner | Syracuse, Ny | Jul 10, 2026 | 15 y | 0 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- David Andrew Trossman from Wilmington Trust Investment Advisors, Inc.Jan 1, 2026 · Other
- Jacob Paul Asplundh from Greenspring Advisors, LLCMar 25, 2025 · Other
- Jeffrey Carr Fountain from MML Investors Services, LLCDec 10, 2024 · Affiliated broker-dealer or bank to independent RIA
- Daniel Zanti Strine from T. Rowe Price Advisory Services, Inc.Aug 5, 2024 · RIA to RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Paul Jacob Asplundh · Partner/Operating Shareholdercontrolsince 04/2021 · owns 5% to 10%
- Ennis Jonathan Farber · Founding Membercontrolsince 12/2006 · owns 25% to 50%
- Carr Jeffrey Fountain · Chief Compliance Officer Shareholder Shareholdercontrolsince 01/2021 · owns 5% to 10%
- Dewitt Scott Reinhardt · Founding Membercontrolsince 12/2006 · owns 25% to 50%
- Zanti Daniel Strine · Partner/Operating Shareholdercontrolsince 01/2024 · owns less than 5%
- Helen Margaret Boblitz · Passive Shareholdersince 02/2007 · owns 5% to 10%
- Vincent Bruce Rauner · Passive Shareholdersince 01/2008 · owns less than 5%
- Kithas Kathryn Stewart · Passive Shareholdersince 01/2008 · owns 5% to 10%
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 |
|---|---|---|---|---|---|
| Baltimore, Md | 5 | 3 | 0 | ||
| Syracuse, Ny · principal | 4 | 1 | 0 | ||
| Huntingdon Valley, Pa | 2 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Baltimore, MD5 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Jan 25, 2026ASPLUNDH, JACOB, PAUL (PARTNER/OPERATING SHAREHOLDER) left Schedule A between the filings of 2024-02-22 and 2026-01-25peers: independent wealth managers, $500M to $1B (1,483)
- control person changedChange between filings · filing Jan 25, 2026Strine, Daniel, Zanti (PARTNER/OPERATING SHAREHOLDER) left Schedule A between the filings of 2024-02-22 and 2026-01-25peers: independent wealth managers, $500M to $1B (1,483)
What changed
consecutive filings, newest first
- Accounts · 398 to 428Apr 29, 2025 to Jan 25, 2026
- Charity clients · 11 to 16Apr 29, 2025 to Jan 25, 2026
- Corporate clients · 7 to 9Apr 29, 2025 to Jan 25, 2026
- HNW clients · 110 to 101Apr 29, 2025 to Jan 25, 2026
- Individual clients · 268 to 298Apr 29, 2025 to Jan 25, 2026
- Pension plan clients · 2.0 to unsetApr 29, 2025 to Jan 25, 2026
- Assets in custody · $45.0M to $202MApr 29, 2025 to Jan 25, 2026
- Discretionary RAUM · $933M to $987MApr 29, 2025 to Jan 25, 2026
- HNW RAUM · $750M to $748MApr 29, 2025 to Jan 25, 2026
- Individual RAUM · $73.1M to $82.9MApr 29, 2025 to Jan 25, 2026
- Non-discretionary RAUM · $8.0M to $10.3MApr 29, 2025 to Jan 25, 2026
- Pension RAUM · $14.0M to $29.9MApr 29, 2025 to Jan 25, 2026
- RAUM · $941M to $997MApr 29, 2025 to Jan 25, 2026
- Accounts · 368 to 398Feb 22, 2024 to Apr 29, 2025
- Advisory employees · 6 to 8Feb 22, 2024 to Apr 29, 2025
- Advisory activities · 2 to 3Feb 22, 2024 to Apr 29, 2025
- Charity clients · 13 to 11Feb 22, 2024 to Apr 29, 2025
- HNW clients · 109 to 110Feb 22, 2024 to Apr 29, 2025
- Individual clients · 237 to 268Feb 22, 2024 to Apr 29, 2025
- Assets in custody · unset to 45036658.0Feb 22, 2024 to Apr 29, 2025
- Custody of client assets · false to trueFeb 22, 2024 to Apr 29, 2025
- Employees · 6 to 8Feb 22, 2024 to Apr 29, 2025
- Financial planning clients · 26-50 to 26-50Feb 22, 2024 to Apr 29, 2025
- State-registered IARs · 6 to 8Feb 22, 2024 to Apr 29, 2025
- Other offices · 1 to 2Feb 22, 2024 to Apr 29, 2025
- Discretionary RAUM · $856M to $933MFeb 22, 2024 to Apr 29, 2025
- HNW RAUM · $635M to $750MFeb 22, 2024 to Apr 29, 2025
- Individual RAUM · $57.2M to $73.1MFeb 22, 2024 to Apr 29, 2025
- Non-discretionary RAUM · $7.2M to $8.0MFeb 22, 2024 to Apr 29, 2025
- Pension RAUM · $10.7M to $14.0MFeb 22, 2024 to Apr 29, 2025
- RAUM · $864M to $941MFeb 22, 2024 to Apr 29, 2025
- Accounts · 727 to 368Mar 24, 2023 to Feb 21, 2024
- Charity clients · 12 to 13Mar 24, 2023 to Feb 21, 2024
- HNW clients · 104 to 109Mar 24, 2023 to Feb 21, 2024
- Individual clients · 243 to 237Mar 24, 2023 to Feb 21, 2024
- Pension plan clients · unset to 2.0Mar 24, 2023 to Feb 21, 2024
- Discretionary RAUM · $785M to $856MMar 24, 2023 to Feb 21, 2024
- HNW RAUM · $576M to $635MMar 24, 2023 to Feb 21, 2024
- Individual RAUM · $58.0M to $57.2MMar 24, 2023 to Feb 21, 2024
- Non-discretionary RAUM · $9.3M to $7.2MMar 24, 2023 to Feb 21, 2024
Signals
4 dated events
- Paul Jacob Asplundh (Partner/Operating Shareholder) appeared on Schedule A of Passive Capital Management, LlcFeb 22, 2024 · Control person joined · fact
- Zanti Daniel Strine (Partner/Operating Shareholder) appeared on Schedule A of Passive Capital Management, LlcFeb 22, 2024 · Control person joined · fact
- Carr Jeffrey Fountain (Chief Compliance Officer) appeared on Schedule A of Passive Capital Management, LlcFeb 24, 2021 · Control person joined · fact
- Helen Margaret Boblitz (Chief Compliance Officer) no longer on Schedule A of Passive Capital Management, Llc (listed 2020-05-07, absent 2021-02-24)Feb 24, 2021 · Control person left · inference
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
- 315-478-3130reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 215-839-1319reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 443-275-2703reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- llinkedin.com/company/passive-capital-managementllcreportedpublic record, Form ADV, Sep 17, 2026
- Website
- passivecapital.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 315-478-3130reportedpublic record, Form ADV, Jan 25, 2026
- Contact form
- passivecapital.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- passivecapital.com/our-teamreportedpublished by the firm, firm site, Sep 15, 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
- $111Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026