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
B•••• D•••••• F••••••••• L••
Latest filing Mar 23, 2026
First filing on the tape Apr 15, 2015 · 29 filings
SEC status approved since Apr 22, 2015
RAUM
$1.4B
reported, Item 5.F
Discretionary
89%
of RAUM
Private clients
82%
$1.1B individuals and HNW
Advisors
14
registered through the firm on IAPD
RAUM per advisor
$97.9M
derived; firm RAUM over IAPD count
Employees
17
13 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
3
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$1.4B as of Mar 23, 2026
Mar 16, 2016$117M then
HNW client RAUM$1.0B as of Mar 23, 2026
Mar 29, 2018$231M then
State-registered IARs (5.B.3)13 as of Mar 23, 2026
Mar 16, 20163 then
Employees (5.A)17 as of Mar 23, 2026
Mar 16, 20164 then
Private funds3 as of Mar 23, 2026
Mar 25, 20241 then
RAUM +31% over the last fiscal year+36% a year over threeIARs 11 to 13
Practice profile
derived from the filing of Mar 23, 2026; every figure names its basis
Archetypes, each a printed rule
- RIA with private 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
- $97.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 24derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.8MderivedHNW RAUM over HNW clients
- Average account
- $1.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 89%derivedof RAUM
- Institutional
- 13%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 7.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +31%derivedbetween the last two annual amendments
- Advisor growth, one year
- +18%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +12%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consultingreportedItem 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
- 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)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$1.0B76%
- Pension and profit-sharing plans$91.8M6.7%
- Individuals$90.6M6.6%
- Charitable organizations$83.7M6.1%
- Pooled investment vehicles$50.2M3.7%
- Corporations and businesses$16.5M1.2%
- Individual clients
- 117reported
- HNW clients
- 218reported
- Pension plan clients
- 6reported
- Charitable clients
- 7reported
- Accounts
- 1,261reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.82 fund_share=0.04 institutional_share=0.13 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
14 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M•••••• P••• G•••••Certified Financial Planner, Chartered Financial Analyst | Lutherville, Md | Feb 12, 2008 | 27 y | 0 |
| D•••• A••• Z•••••••Certified Financial Planner | Lutherville, Md | Nov 15, 2013 | 13 y | 0 |
| P••• W•••••• S•••••••Personal Financial Specialist | Lutherville, Md | Oct 28, 2016 | 24 y | 1 |
| D•••• E•••• H•••••••• | Lutherville, Md | Mar 9, 2022 | 17 y | 1 |
| B••••••• S•••••Certified Financial Planner | Lutherville, Md | Jan 17, 2023 | 13 y | 0 |
| J•••••• A•••• N•••••• | Lutherville, Md | Mar 19, 2024 | 20 y | 0 |
| R••••• J••••• T•••• | Lutherville, Md | Apr 23, 2024 | 24 y | 0 |
| C•••• L•••••••• | Lutherville, Md | Sep 6, 2024 | 12 y | 0 |
| E••• L•• W••••Certified Financial Planner | Lutherville, Md | Apr 28, 2025 | 10 y | 3 |
| T••• C•••••• M••••• | Lutherville, Md | Jul 29, 2025 | 13 y | 0 |
| C••••• K••••• | Lutherville, Md | Oct 28, 2025 | 12 y | 0 |
| A•••••••• R••••••Certified Financial Planner | Lutherville, Md | Dec 3, 2025 | 14 y | 1 |
| L•••••• D•••• D••••• | Lutherville, Md | Jan 1, 2026 | 27 y | 1 |
| J••••• M• F•••••Chartered Financial Analyst | Bend, Or | Mar 5, 2026 | 15 y | 1 |
Advisor movement
1 left, 2 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 7.1% of current headcount1 left over 36 months
Left, latest
- J••••• L••• B•••••• to S•••••••• A•••••••• L••Mar 4, 2026 · RIA to affiliated broker-dealer or bank
Joined, latest
- J••••• M• F••••• from A••• W••••• M••••••••• I••Mar 5, 2026 · RIA to RIA
- A•••••••• R•••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Dec 3, 2025 · Wirehouse to independent RIA
- E••• L•• W•••• from I••••••• F••Apr 28, 2025 · RIA to RIA
- D•••• E•••• H•••••••• from E••••• J••••Mar 9, 2022 · Affiliated broker-dealer or bank to independent RIA
- J••••• L••• B•••••• from W•••• F•••• A•••••••Mar 1, 2021 · Wirehouse to independent RIA
- P••• W•••••• S••••••• from A••• W••••• M••••••••• I••Oct 28, 2016 · Other
Private funds
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| B•••• D•••••• F•••••••• • A••••• H••••••• F••• I• | Private Equity Fund | $4.0M | 45 | Oct 11, 2023 |
| B•••• D•••••• F•••••••• S••••••• F•••• L••• | $2.0M | 60 | Mar 23, 2026 | |
| B•• G• S•••••••• F•••• L••• | $0 | 70 | Mar 23, 2026 |
Owners and control persons
Schedule A and B, latest filing
- G•••••• M••••••• P••• · Member/Chief Compliance Officercontrolsince 08/2007 · owns 50% to 75%
- D•••••• L••••••• D•••• · Trusteecontrolsince 04/2013 · owns 75% or more of D••••• C•••••• M••••••••• T••••
Entity owners
- D••••• C•••••• M••••••••• T•••• · Ownerdirect · owns 25% to 50%
Related persons
Schedule D 7.A
- A••• V••••••••• L••insurancen
- B•••• D•••••• F•••••••• P• G•• L••pooled vehicle sponsorn
- C••••• A••••••••• C••• • A•••••••• L••insurancen
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Lutherville, Md · principal | 14 | 4 | 0 | ||
| Bend, Or | 4 | 1 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Bend, OR2 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Mar 23, 2026D•••••• L••••••• D•••• (TRUSTEE) left Schedule A between the filings of 2015-04-15 and 2026-03-23peers: independent wealth managers, $1B to $5B (1,362)
- account count surgeChange between filings · filing Mar 23, 2026accounts (Item 5.F.2.f) moved from 328.0 to 1,261.0 (+284.0%) between the annual amendments of 2025-03-27 and 2026-03-23; the peer median change was +6.0% (1206 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,206) · 99% percentile
- private fund count surgeChange between filings · filing Mar 23, 2026private funds (Schedule D 7.B.1) moved from 2.0 to 3.0 (+50.0%) between the annual amendments of 2025-03-27 and 2026-03-23; the peer median change was 0.0% (126 comparable advisers, 92.0th percentile of changes)peers: independent wealth managers, $1B to $5B (126) · 92% percentile
What changed
consecutive filings, newest first
- Accounts · 328 to 1,261Mar 27, 2025 to Mar 23, 2026
- Advisory employees · 11 to 13Mar 27, 2025 to Mar 23, 2026
- Charity clients · 6 to 7Mar 27, 2025 to Mar 23, 2026
- Corporate clients · 12 to 10Mar 27, 2025 to Mar 23, 2026
- HNW clients · 188 to 218Mar 27, 2025 to Mar 23, 2026
- Individual clients · 111 to 117Mar 27, 2025 to Mar 23, 2026
- Pension plan clients · 9 to 6Mar 27, 2025 to Mar 23, 2026
- Pooled vehicle clients · 2 to 3Mar 27, 2025 to Mar 23, 2026
- Employees · 14 to 17Mar 27, 2025 to Mar 23, 2026
- State-registered IARs · 11 to 13Mar 27, 2025 to Mar 23, 2026
- Private funds · 2 to 3Mar 27, 2025 to Mar 23, 2026
- Discretionary RAUM · $959M to $1.2BMar 27, 2025 to Mar 23, 2026
- HNW RAUM · $796M to $1.0BMar 27, 2025 to Mar 23, 2026
- Individual RAUM · $57.6M to $90.6MMar 27, 2025 to Mar 23, 2026
- Non-discretionary RAUM · $84.4M to $144MMar 27, 2025 to Mar 23, 2026
- Pension RAUM · $77.4M to $91.8MMar 27, 2025 to Mar 23, 2026
- Pooled vehicle RAUM · $24.9M to $50.2MMar 27, 2025 to Mar 23, 2026
- RAUM · $1.0B to $1.4BMar 27, 2025 to Mar 23, 2026
- Accounts · 274 to 328Oct 1, 2024 to Mar 27, 2025
- Advisory employees · 9 to 11Oct 1, 2024 to Mar 27, 2025
- Charity clients · 5 to 6Oct 1, 2024 to Mar 27, 2025
- Corporate clients · 7 to 12Oct 1, 2024 to Mar 27, 2025
- HNW clients · 139 to 188Oct 1, 2024 to Mar 27, 2025
- Individual clients · 113 to 111Oct 1, 2024 to Mar 27, 2025
- Pooled vehicle clients · 1 to 2Oct 1, 2024 to Mar 27, 2025
- Assets in custody · 890000.0 to unsetOct 1, 2024 to Mar 27, 2025
- Custody of client assets · true to falseOct 1, 2024 to Mar 27, 2025
- Employees · 13 to 14Oct 1, 2024 to Mar 27, 2025
- Financial planning clients · 101-250 to 251-500Oct 1, 2024 to Mar 27, 2025
- HQ city · TOWSON to LUTHERVILLEOct 1, 2024 to Mar 27, 2025
- State-registered IARs · 9 to 11Oct 1, 2024 to Mar 27, 2025
- Private funds · 1 to 2Oct 1, 2024 to Mar 27, 2025
- Discretionary RAUM · $624M to $959MOct 1, 2024 to Mar 27, 2025
- HNW RAUM · $512M to $796MOct 1, 2024 to Mar 27, 2025
- Individual RAUM · $69.9M to $57.6MOct 1, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $77.6M to $84.4MOct 1, 2024 to Mar 27, 2025
- Pension RAUM · $67.8M to $77.4MOct 1, 2024 to Mar 27, 2025
- Pooled vehicle RAUM · $890,000 to $24.9MOct 1, 2024 to Mar 27, 2025
- RAUM · $701M to $1.0BOct 1, 2024 to Mar 27, 2025
- Assets in custody · unset to 890000.0Mar 25, 2024 to Oct 1, 2024
Signals
7 dated events
- B•••• D•••••• F••••••••• L•• reported RAUM $1.4B, up 31% from $1.0B (2025-03-27 to 2026-03-23)Mar 23, 2026 · RAUM change · derived
- J••••• L••• B•••••• left B•••• D•••••• F••••••••• L•• for S•••••••• A•••••••• L•• (registered 2026-03-12)Mar 4, 2026 · Advisor changed firm · fact
- B•••• D•••••• F••••••••• L•• reported RAUM $1.0B, up 49% from $701.4M (2024-10-01 to 2025-03-27)Mar 27, 2025 · RAUM change · derived
- B•••• D•••••• F••••••••• L•• reported RAUM $701.4M, up 28% from $545.9M (2023-10-11 to 2024-03-25)Mar 25, 2024 · RAUM change · derived
- B•••• D•••••• F••••••••• L•• reported RAUM $488.6M, up 34% from $364.6M (2020-06-11 to 2021-03-01)Mar 1, 2021 · RAUM change · derived
- B•••• D•••••• F••••••••• L•• reported RAUM $280.4M, up 60% from $175.1M (2017-07-03 to 2018-03-29)Mar 29, 2018 · RAUM change · derived
- B•••• D•••••• F••••••••• L•• filed its initial SEC registration (Form ADV)Apr 15, 2015 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- B•••• D•••••• F••••••••• L•• · Independent Sponsorsshared crd · capital_provider
- B•••• D•••••• F••••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Business phone
- 443-841-7772reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/B••••-D••••••-FINANCIAL-LLCreportedpublic record, Form ADV, Sep 19, 2026
- Website
- B••••DF.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 443-841-7772reportedpublic record, Form ADV, Mar 23, 2026
- Team page
- b•••••••••.comreportedpublished 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
- $97.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026