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

A••••••• W••••• A•••••• S••••••••

Asset manager (funds and pooled vehicles)Charlotte, North CarolinaCRD 143593SEC 801-67829websiteIAPD
Legal name A•••• I••••••••• I•••
Latest filing Jul 31, 2026
First filing on the tape Mar 27, 2012 · 42 filings
SEC status approved since Apr 24, 2007
RAUM
$11B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$1.6B
derived; firm RAUM over IAPD count
Employees
60
15 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
42 filings and snapshots on the tape
RAUM$11B as of Jul 31, 2026
Mar 27, 2012$1.7B then
HNW client RAUM: no history
State-registered IARs (5.B.3)7 as of Jul 31, 2026
Mar 22, 20130 then
Employees (5.A)60 as of Jul 31, 2026
Mar 22, 20135 then
Private funds: no history
RAUM +6.0% over the last fiscal year+9.8% a year over threeIARs 11 to 7offices 1 to 2
Practice profile
derived from the filing of Jul 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • PE backed · a Schedule A entity owner at 25 percent or more whose exact legal name is a PE fund vehicle or a classified PE sponsor on the DFX private equity graph
RAUM per advisor
$1.8BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$348,711derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
10.0derivedItem 5.A over advisors
Advisors per office
2.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+6.0%derivedbetween the last two annual amendments
Advisor growth, one year
-36%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for businesses and institutionsreportedItem 5.G
Ownership
a PE fund or sponsor is a 25 percent or greater owner 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Other investment advisers$11B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
31,684reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=0.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
T•• A•• V•Charlotte, NcSep 11, 201912 y0
S•••• H••••• F••••Charlotte, NcJan 31, 202415 y6
V•••••• S•••• L••••Concord, Ca Feb 13, 202425 y3
D••••• B•••••• M•••••Charlotte, NcFeb 15, 202421 y4
H•••• L•••••••Chartered Financial AnalystCharlotte, NcMar 7, 202410 y1
D•••• R••••Charlotte, Nc Apr 22, 202425 y3
J••••••• S••••• S•••••Charlotte, NcMay 28, 202412 y3
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 14% of current headcount3 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • A••••• T••• F••• · Evpcontrol
    since 12/2022 · owns less than 5%
  • A••••• B••••••• W••••• · President/Ceo/Directorcontrol
    since 11/2018 · owns less than 5%
  • K••• M•••••• · Directorcontrol
    since 12/2022 · owns less than 5%
  • M•••••• L•• · Chairman, Group Chief Executive Office, Directorcontrol
    since 09/2024 · owns less than 5%
  • M•••••• D•••••• B•••••• · Chief Compliance Officercontrol
    since 03/2024 · owns less than 5%
  • Z•••• G•••• G••••• · Evp/Treasurer/Directorcontrol
    since 12/2022 · owns less than 5%
Entity owners
  • A•••••••• F•••••••• H•••••••• I••• · Sole Shareholder - Direct Owner
    direct · owns 75% or more
  • G••• E•••••• B•••••••• L•• · Shareholder
    indirect · owns 75% or more of A•••••••• F•••••••• H•••••••• I•••
  • G••• E•••••• H•••••••• L••• · Shareholder
    indirect · owns 75% or more of G••• E•••••• T••••• I•••
  • G••• E•••••• I••••••••• I••• · Managing Member
    indirect · owns 75% or more of G••• E•••••• B•••••••• L••
  • G••• E•••••• T••••• I••• · Shareholder
    indirect · owns 75% or more of V••••• I•••••••• L•
  • G••• F••• X•••• L• · Member
    indirect · owns 25% to 50% of G••• E•••••• H•••••••• L•••
  • G••• I••••••••• X•• L•• · General Partner
    indirect · owns F of G••• P••••••• X•••••• L•
  • G••• P••••••• X•••••• L• · General Partner
    indirect · owns F of G••• F••• X•••• L•
  • G••• P••••••• X•••••• L• · General Partner
    indirect · owns F of V••••• I•••••••• L•
  • V••••• I•••••••• L• · Member
    indirect · owns 25% to 50% of G••• E•••••• H•••••••• L•••
Related persons
Schedule D 7.A
Advisers that list A••••••• W••••• A•••••• S•••••••• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Charlotte, Nc · principal701
Offices
Schedule D 1.F, the 25 largest
  • Concord, CA1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • a•••••• count dropChange between filings · filing Mar 17, 2026
    advisory representatives (Item 5.B.3) moved from 11.0 to 7.0 (-36.0%) between the annual amendments of 2025-04-16 and 2026-03-17; the peer median change was 0.0% (33 comparable advisers, 9.0th percentile of changes)
    peers: asset managers, $5B to $20B (33) · 9.4% percentile
What changed
consecutive filings, newest first
  • Accounts · 32,716 to 31,684
    Dec 23, 2025 to Mar 17, 2026
  • State-registered IARs · 11 to 7
    Dec 23, 2025 to Mar 17, 2026
  • Other offices · 1 to 2
    Dec 23, 2025 to Mar 17, 2026
  • Discretionary RAUM · $10B to $11B
    Dec 23, 2025 to Mar 17, 2026
  • RAUM · $10B to $11B
    Dec 23, 2025 to Mar 17, 2026
  • Accounts · 40,484 to 32,716
    Dec 2, 2024 to Apr 16, 2025
  • Employees · 50 to 60
    Dec 2, 2024 to Apr 16, 2025
  • Financial planning clients · unset to
    Dec 2, 2024 to Apr 16, 2025
  • State-registered IARs · 5 to 11
    Dec 2, 2024 to Apr 16, 2025
  • Discretionary RAUM · $11B to $10B
    Dec 2, 2024 to Apr 16, 2025
  • RAUM · $11B to $10B
    Dec 2, 2024 to Apr 16, 2025
  • Accounts · 30,113 to 40,484
    Mar 28, 2024 to Apr 29, 2024
  • Discretionary RAUM · $8.8B to $11B
    Mar 28, 2024 to Apr 29, 2024
  • RAUM · $8.8B to $11B
    Mar 28, 2024 to Apr 29, 2024
  • Accounts · 34,153 to 30,113
    Nov 13, 2023 to Mar 28, 2024
  • Advisory employees · 10 to 15
    Nov 13, 2023 to Mar 28, 2024
  • Employees · 45 to 50
    Nov 13, 2023 to Mar 28, 2024
  • State-registered IARs · 8 to 5
    Nov 13, 2023 to Mar 28, 2024
  • Other offices · 0 to 1
    Nov 13, 2023 to Mar 28, 2024
  • Discretionary RAUM · $8.3B to $8.8B
    Nov 13, 2023 to Mar 28, 2024
  • RAUM · $8.3B to $8.8B
    Nov 13, 2023 to Mar 28, 2024
  • Accounts · 30,687 to 34,153
    Jan 13, 2023 to Mar 30, 2023
  • Employees · 32 to 45
    Jan 13, 2023 to Mar 30, 2023
  • Discretionary RAUM · $9.5B to $8.3B
    Jan 13, 2023 to Mar 30, 2023
  • RAUM · $9.5B to $8.3B
    Jan 13, 2023 to Mar 30, 2023
  • Organization form · Limited Liability Company to Corporation
    Apr 5, 2022 to Jan 13, 2023
  • Related broker-dealer · false to true
    Apr 5, 2022 to Jan 13, 2023
  • Succession · false to true
    Apr 5, 2022 to Jan 13, 2023
  • Legal name · A•••• INVESTMENTS LLC to A•••• I••••••••• I•••
    Jan 13, 2023 to Jan 13, 2023
  • Succession · true to false
    Jan 13, 2023 to Jan 13, 2023
  • Accounts · 136 to 30,687
    Mar 31, 2022 to Apr 5, 2022
  • Accounts · 24,107 to 136
    Jun 29, 2021 to Mar 31, 2022
  • Advisory employees · 8 to 10
    Jun 29, 2021 to Mar 31, 2022
  • Employees · 41 to 32
    Jun 29, 2021 to Mar 31, 2022
  • State-registered IARs · 7 to 8
    Jun 29, 2021 to Mar 31, 2022
  • Discretionary RAUM · $7.0B to $9.5B
    Jun 29, 2021 to Mar 31, 2022
  • RAUM · $7.0B to $9.5B
    Jun 29, 2021 to Mar 31, 2022
  • Accounts · 122 to 24,107
    Apr 15, 2021 to May 18, 2021
  • Discretionary RAUM · $6.1B to $7.0B
    Apr 15, 2021 to May 18, 2021
  • RAUM · $6.1B to $7.0B
    Apr 15, 2021 to May 18, 2021
Signals
22 dated events
  • V•••••• S•••• L•••• no longer holds an investment adviser registration (last listed at A••••••• W••••• A•••••• S•••••••• on the 2026-09-14 feed)
    Sep 14, 2026 · a•••••• registration ended · derived
  • P••••• E••••• P••••• left A••••••• W••••• A•••••• S•••••••• for A••••••• S••••••• N•••••• (registered 2025-12-17)
    Nov 24, 2025 · a•••••• firm change · fact
  • M••• A••• S•••••• left A••••••• W••••• A•••••• S•••••••• for V••••••• A••••••• S••••••••• I••• (registered 2025-12-23)
    May 13, 2025 · a•••••• firm change · fact
  • Lou Maiuri (Chairman, Group Chief Executive Office, Director) appeared on Schedule A of A••••••• W••••• A•••••• S••••••••
    Dec 2, 2024 · Control person joined · fact
  • J•••• R•••••• W•••••• left A••••••• W••••• A•••••• S•••••••• for W•••• F•••• I••••••••• I••••••••• I••• (registered 2024-10-17)
    Sep 20, 2024 · a•••••• firm change · fact
  • Thomas Jordan Darr (Director) no longer on Schedule A of A••••••• W••••• A•••••• S•••••••• (listed 2024-03-28, absent 2024-04-29)
    Apr 29, 2024 · Control person left · inference
  • Brendan Daniel Mulvey (Chief Compliance Officer) appeared on Schedule A of A••••••• W••••• A•••••• S••••••••
    Mar 28, 2024 · Control person joined · fact
  • S•••• Ryan Lambuth (Interim Chief Compliance Officer) no longer on Schedule A of A••••••• W••••• A•••••• S•••••••• (listed 2023-11-13, absent 2024-03-28)
    Mar 28, 2024 · Control person left · inference
  • S•••• Ryan Lambuth (Interim Chief Compliance Officer) appeared on Schedule A of A••••••• W••••• A•••••• S••••••••
    Nov 13, 2023 · Control person joined · fact
  • A••••••• W••••• A•••••• S•••••••• reported succeeding to the business of Another Adviser (Form ADV Item 4)
    Jan 13, 2023 · Succession (Item 4) · fact
  • Michael H. Michael Kim (Director) appeared on Schedule A of A••••••• W••••• A•••••• S••••••••
    Jan 13, 2023 · Control person joined · fact
  • Bransford D•••• Blundin (Chairman) no longer on Schedule A of A••••••• W••••• A•••••• S•••••••• (listed 2022-04-05, absent 2023-01-13)
    Jan 13, 2023 · Control person left · inference
  • George Gary Zyla (Evp/Treasurer/Director) appeared on Schedule A of A••••••• W••••• A•••••• S••••••••
    Jan 13, 2023 · Control person joined · fact
  • Thomas Jordan Darr (Director) appeared on Schedule A of A••••••• W••••• A•••••• S••••••••
    Jan 13, 2023 · Control person joined · fact
  • Fyke Ted Angus (General Counsel) appeared on Schedule A of A••••••• W••••• A•••••• S••••••••
    Jan 13, 2023 · Control person joined · fact
  • A••••• P••• G••••• left A••••••• W••••• A•••••• S•••••••• for A••••• A•• P••••••• S••••••• (registered 2022-09-13)
    Sep 9, 2022 · a•••••• firm change · fact
  • A••••••• W••••• A•••••• S•••••••• reported RAUM $9.5B, up 35% from $7.0B (2021-06-29 to 2022-03-31)
    Mar 31, 2022 · RAUM change · derived
  • H••• V•••••• B•••••• left A••••••• W••••• A•••••• S•••••••• for O••••••••• • C•• I••• (registered 2021-05-27)
    Jan 3, 2022 · a•••••• firm change · fact
  • L••• C••••• M••••• left A••••••• W••••• A•••••• S•••••••• for C•••••••• W••••• C••••••••• L•• (registered 2021-11-09)
    Jan 3, 2022 · a•••••• firm change · fact
  • A••••••• W••••• A•••••• S•••••••• reported RAUM $6.1B, up 32% from $4.7B (2020-09-01 to 2021-03-26)
    Mar 26, 2021 · RAUM change · derived
  • A••••••• W••••• A•••••• S•••••••• reported RAUM $4.7B, up 44% from $3.2B (2019-04-11 to 2020-02-12)
    Feb 12, 2020 · RAUM change · derived
  • Bransford D•••• Blundin (Chairman) appeared on Schedule A of A••••••• W••••• A•••••• S••••••••
    Mar 28, 2019 · 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
exchange.adhesionwealth.com/reportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
888-295-8351reportedpublic record, Form ADV, Jul 31, 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
Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
RAUM per advisor
$1.6Bderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026