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

Mcalvany Wealth Management, LLC

Independent wealth managerDurango, ColoradoCRD 146021SEC 801-71124website IAPD

Latest filing Sep 2, 2026

First filing on the tape Mar 26, 2012 · 31 filings

SEC status approved since Mar 11, 2010

RAUM

$224M

reported, Item 5.F

Discretionary

97%

of RAUM

Private clients

97%

$218M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$112M

derived; firm RAUM over IAPD count

Employees

5 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

31 filings and snapshots on the tape

RAUM$224M as of Mar 10, 2026

Mar 26, 2012$128M then

HNW client RAUM: $5.2M

State-registered IARs (5.B.3)2 as of Mar 10, 2026

Mar 4, 20134 then

Employees (5.A)5 as of Mar 10, 2026

Mar 4, 20134 then

Private funds: no history

RAUM +64% over the last fiscal year+42% a year over threeIARs 2 to 2

Practice profile

derived from the filing of Sep 2, 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
Solo or small team · one advisor, or a wealth manager with up to three advisors and one office

RAUM per advisor: $112MderivedRAUM 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: $337,697derivedRAUM over accounts (5.F.2.f)
Discretionary: 97%derivedof RAUM
Institutional: 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 2.5derivedItem 5.A over advisors
Advisors per office: 2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year: +64%derivedbetween the last two annual amendments
Advisor growth, one year: +0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year: unknownderived
Compensation: percentage of assetsreportedItem 5.E
Advisory activities: portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
Custody: $46.9M, 97 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

Individuals$218M97%
Corporations and businesses$3.8M1.7%
Other investment advisers$2.9M1.3%

Individual clients: 650reported
HNW clients: n/areported
Pension plan clients: n/areported
Charitable clients: n/areported
Accounts: 664reported
Financial planning clients: 0reported
Wrap fee programs: noreported
Custody of client assets: $46.9M for 97 clientsreported
Compensation: % of AUMreported
Class basis: private_client_share=0.97 fund_share=0.01 institutional_share=0.0 related_bd= related_bank= bd_reps=0.0derived

Advisors registered through the firm

2 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
David Scott Mcalvany	Durango, Co	Jun 9, 2008	25 y	0
Robert Keith Draper	Durango, Co	Apr 10, 2024	22 y	1

Advisor movement

0 left, 0 joined in 12 months

net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months

Left, latest

David Henry Burgess to Dearborn Street Advisors
Jun 28, 2019 · Other
Gavin David Lyons to Tmd & Associates, Inc.
May 25, 2016 · Other

Joined, latest

Robert Keith Draper from Deeds Select Advisors Inc.
Apr 10, 2024 · Other

Every departure Every arrival

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Keith Robert Draper · Chief Compliance Officercontrol
since 01/2018 · owns less than 5%
Scott David Mcalvany · General Partner/Trustee Of David S. Mcalvany Irrevocable Trustcontrol
since 08/2011 · owns 50% to 75%
Scott David Mcalvany · Trusteecontrol
since 11/2008 · owns 75% or more of David S. Mcalvany Irrevocable Trust

Entity owners

David S. Mcalvany Irrevocable Trust · Limited Partner
direct · owns 25% to 50%

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
Durango, Co · principal	2	0	0

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

ADV anomalies

1 against comparable advisers; where to look, not conclusions

RAUM up 50 %Change between filings · filing Mar 10, 2026
RAUM (Item 5.F) moved from $137,072,424 to $224,230,606 (+64.0%) between the annual amendments of 2025-03-28 and 2026-03-10; the peer median change was +15.0% (4551 comparable advisers, 97.0th percentile of changes)
peers: independent wealth managers, $100M to $500M (4,551) · 97% percentile

How anomalies are measured

What changed

consecutive filings, newest first

Financial planning clients · 0 to 0
Mar 10, 2026 to Sep 2, 2026
Related adviser · false to unset
Mar 10, 2026 to Sep 2, 2026
Related bank · false to unset
Mar 10, 2026 to Sep 2, 2026
Related broker-dealer · false to unset
Mar 10, 2026 to Sep 2, 2026
Related insurance company · false to unset
Mar 10, 2026 to Sep 2, 2026
Succession · false to unset
Mar 10, 2026 to Sep 2, 2026
Accounts · 560 to 664
Nov 20, 2025 to Mar 10, 2026
Advisory employees · 6 to 5
Nov 20, 2025 to Mar 10, 2026
Corporate clients · 10 to 7
Nov 20, 2025 to Mar 10, 2026
Individual clients · 536 to 650
Nov 20, 2025 to Mar 10, 2026
Assets in custody · unset to 46910731.0
Nov 20, 2025 to Mar 10, 2026
Custody of client assets · false to true
Nov 20, 2025 to Mar 10, 2026
Employees · 7 to 5
Nov 20, 2025 to Mar 10, 2026
Financial planning clients · to 0
Nov 20, 2025 to Mar 10, 2026
Discretionary RAUM · $134M to $218M
Nov 20, 2025 to Mar 10, 2026
Individual RAUM · $131M to $218M
Nov 20, 2025 to Mar 10, 2026
Non-discretionary RAUM · $3.0M to $6.3M
Nov 20, 2025 to Mar 10, 2026
RAUM · $137M to $224M
Nov 20, 2025 to Mar 10, 2026
Accounts · 450 to 560
Jul 27, 2024 to Mar 28, 2025
Advisory employees · 5 to 6
Jul 27, 2024 to Mar 28, 2025
Corporate clients · 6 to 10
Jul 27, 2024 to Mar 28, 2025
Individual clients · 313 to 536
Jul 27, 2024 to Mar 28, 2025
Pension plan clients · 4.0 to unset
Jul 27, 2024 to Mar 28, 2025
Employees · 6 to 7
Jul 27, 2024 to Mar 28, 2025
Financial planning clients · unset to
Jul 27, 2024 to Mar 28, 2025
Discretionary RAUM · $88.9M to $134M
Jul 27, 2024 to Mar 28, 2025
Individual RAUM · $88.6M to $131M
Jul 27, 2024 to Mar 28, 2025
Non-discretionary RAUM · $3.1M to $3.0M
Jul 27, 2024 to Mar 28, 2025
Pension RAUM · 1421135.0 to unset
Jul 27, 2024 to Mar 28, 2025
RAUM · $91.9M to $137M
Jul 27, 2024 to Mar 28, 2025
Accounts · 392 to 450
Dec 7, 2023 to Mar 30, 2024
Corporate clients · 4 to 6
Dec 7, 2023 to Mar 30, 2024
Individual clients · 262 to 313
Dec 7, 2023 to Mar 30, 2024
Pension plan clients · 2 to 4
Dec 7, 2023 to Mar 30, 2024
Discretionary RAUM · $75.3M to $88.9M
Dec 7, 2023 to Mar 30, 2024
Individual RAUM · $74.3M to $88.6M
Dec 7, 2023 to Mar 30, 2024
Non-discretionary RAUM · $2.6M to $3.1M
Dec 7, 2023 to Mar 30, 2024
Pension RAUM · $1.3M to $1.4M
Dec 7, 2023 to Mar 30, 2024
RAUM · $78.0M to $91.9M
Dec 7, 2023 to Mar 30, 2024
Accounts · 245 to 392
Feb 27, 2022 to Mar 27, 2023

Signals

2 dated events

Stephen Donald Mcalvany (General Partner/Trustee Of Eastern American Trust) no longer on Schedule A of Mcalvany Wealth Management, Llc (listed 2020-06-18, absent 2021-03-16)
Mar 16, 2021 · Control person left · inference
Mcalvany Wealth Management, Lllp reported succeeding to the business of Another Adviser (Form ADV Item 4)
Mar 26, 2012 · Succession (Item 4) · 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

Business phone: 866-211-8970reportedpublished by the firm, firm site, Sep 16, 2026
Business phone: 800-525-9556reportedpublished by the firm, firm site, Sep 16, 2026
Business phone: 970-403-1209reportedpublished by the firm, firm site, Sep 16, 2026
Website: mcalvany.com/wealthreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: 866-211-8970reportedpublic record, Form ADV, Sep 2, 2026
Contact form: mcalvany.com/wealth/contactreportedpublished by the firm, firm site, Sep 16, 2026
Team page: mcalvany.com/who-we-arereportedpublished 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: $112Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026