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

M•• W•••••

Independent wealth managerTroy, MichiganCRD 144994SEC 801-68330websiteIAPD
Legal name M•• W••••• C••••••• L••
Latest filing Sep 3, 2026
First filing on the tape Mar 30, 2012 · 39 filings
SEC status approved since Sep 25, 2007
RAUM
$506M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
99%
$500M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$84.3M
derived; firm RAUM over IAPD count
Employees
13
5 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
39 filings and snapshots on the tape
RAUM$506M as of Mar 30, 2026
Mar 30, 2012$173M then
HNW client RAUM$443M as of Mar 30, 2026
Apr 11, 2018$125M then
State-registered IARs (5.B.3)5 as of Mar 30, 2026
Mar 30, 20120 then
Employees (5.A)13 as of Mar 30, 2026
Mar 28, 201310 then
Private funds: no history
RAUM +19% over the last fiscal year+18% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Sep 3, 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
  • 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
$84.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
40derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.7MderivedHNW RAUM over HNW clients
Average account
$430,385derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
1.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.2derivedItem 5.A over advisors
Advisors per office
3.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+19%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-1.3%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
Custody
$158M, 149 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
  • 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$443M88%
  • Individuals$56.5M11%
  • Pension and profit-sharing plans$6.0M1.2%
Individual clients
116reported
HNW clients
121reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
1,175reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$158M for 149 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd= related_bank= bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
N••••• M••• B•••••••Certified Financial PlannerTroy, MiAug 3, 201017 y0
J••••• E•••• M•••••Troy, MiAug 3, 201024 y1
J••• M•••••• D••••••••Chartered Financial ConsultantTroy, MiAug 3, 201026 y1
C•••••••• B••••••••Certified Financial PlannerTroy, MiAug 12, 201613 y1
K•••••••• A••• O••••••••Certified Financial PlannerTroy, MiAug 13, 202410 y0
J••• D•••••Certified Financial PlannerTroy, MiJul 9, 202610 y1
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
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • B•••••••• N•••••• M••• · Member, Chief Operations Officercontrol
    since 01/2016 · owns 50% to 75%
  • M•••••• J•••••• E•••• · Membercontrol
    since 12/2006 · owns 50% to 75%
  • M••••• T••••••• D••••• · Director Of Operations/Chief Compliance Officercontrol
    since 01/2019 · owns less than 5%
Related persons
Schedule D 7.A
  • J••• M• D••••••••
    y
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Troy, Mi · principal610
Offices
Schedule D 1.F, the 25 largest
  • , 1 employees
What changed
consecutive filings, newest first
  • Financial planning clients · 101-250 to 101-250
    Mar 30, 2026 to Sep 3, 2026
  • Related adviser · false to unset
    Mar 30, 2026 to Sep 3, 2026
  • Related bank · false to unset
    Mar 30, 2026 to Sep 3, 2026
  • Related broker-dealer · false to unset
    Mar 30, 2026 to Sep 3, 2026
  • Related insurance company · false to unset
    Mar 30, 2026 to Sep 3, 2026
  • Succession · false to unset
    Mar 30, 2026 to Sep 3, 2026
  • Accounts · 1,125 to 1,175
    Nov 4, 2025 to Mar 30, 2026
  • Individual clients · 119 to 116
    Nov 4, 2025 to Mar 30, 2026
  • Assets in custody · $144M to $158M
    Nov 4, 2025 to Mar 30, 2026
  • Discretionary RAUM · $419M to $499M
    Nov 4, 2025 to Mar 30, 2026
  • HNW RAUM · $369M to $443M
    Nov 4, 2025 to Mar 30, 2026
  • Individual RAUM · $52.0M to $56.5M
    Nov 4, 2025 to Mar 30, 2026
  • Non-discretionary RAUM · $6.4M to $7.0M
    Nov 4, 2025 to Mar 30, 2026
  • Pension RAUM · $4.7M to $6.0M
    Nov 4, 2025 to Mar 30, 2026
  • RAUM · $426M to $506M
    Nov 4, 2025 to Mar 30, 2026
  • Financial planning clients · 101-250 to 101-250
    Mar 25, 2025 to Jul 15, 2025
  • Accounts · 1,091 to 1,125
    Sep 3, 2024 to Mar 25, 2025
  • Advisory employees · 4 to 5
    Sep 3, 2024 to Mar 25, 2025
  • Business name · M•• W••••• C••••••• L•• to M•• W•••••
    Sep 3, 2024 to Mar 25, 2025
  • HNW clients · 124 to 121
    Sep 3, 2024 to Mar 25, 2025
  • Individual clients · 124 to 119
    Sep 3, 2024 to Mar 25, 2025
  • Pension plan clients · 5 to 0
    Sep 3, 2024 to Mar 25, 2025
  • Assets in custody · $112M to $144M
    Sep 3, 2024 to Mar 25, 2025
  • Employees · 12 to 13
    Sep 3, 2024 to Mar 25, 2025
  • State-registered IARs · 4 to 5
    Sep 3, 2024 to Mar 25, 2025
  • Discretionary RAUM · $348M to $419M
    Sep 3, 2024 to Mar 25, 2025
  • HNW RAUM · $310M to $369M
    Sep 3, 2024 to Mar 25, 2025
  • Individual RAUM · $45.7M to $52.0M
    Sep 3, 2024 to Mar 25, 2025
  • Non-discretionary RAUM · $11.8M to $6.4M
    Sep 3, 2024 to Mar 25, 2025
  • Pension RAUM · $3.8M to $4.7M
    Sep 3, 2024 to Mar 25, 2025
  • RAUM · $360M to $426M
    Sep 3, 2024 to Mar 25, 2025
  • Accounts · 1,055 to 1,091
    Mar 29, 2023 to Mar 27, 2024
  • HNW clients · 122 to 124
    Mar 29, 2023 to Mar 27, 2024
  • Individual clients · 120 to 124
    Mar 29, 2023 to Mar 27, 2024
  • Assets in custody · $126M to $112M
    Mar 29, 2023 to Mar 27, 2024
  • Employees · 13 to 12
    Mar 29, 2023 to Mar 27, 2024
  • Discretionary RAUM · $290M to $348M
    Mar 29, 2023 to Mar 27, 2024
  • HNW RAUM · $268M to $310M
    Mar 29, 2023 to Mar 27, 2024
  • Individual RAUM · $38.3M to $45.7M
    Mar 29, 2023 to Mar 27, 2024
  • Non-discretionary RAUM · $19.2M to $11.8M
    Mar 29, 2023 to Mar 27, 2024
Signals
3 dated events
  • Michael J••• Dankovich (Member) no longer on Schedule A of M•• W••••• (listed 2024-05-15, absent 2024-09-03)
    Sep 3, 2024 · Control person left · inference
  • Dennis Timothy Mrock (Director Of Operations/Chief Compliance Officer) appeared on Schedule A of M•• W•••••
    Mar 25, 2019 · Control person joined · fact
  • Tollefson Lori Williams (Chief Compliance Officer) no longer on Schedule A of M•• W••••• (listed 2018-10-09, absent 2019-03-25)
    Mar 25, 2019 · 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
Firm profile
linkedin.com/company/mkd-wealthreportedpublic record, Form ADV, Sep 18, 2026
Website
portal.mkdwealth.com/loginreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
248-418-5100reportedpublic record, Form ADV, Sep 3, 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
$84.3Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026