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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Former SEC-registered adviser

M••• S••••• F•••••••• S••••••••• L••

Former SEC-registered adviserNewtown, PennsylvaniaCRD 146118SEC 801-70557IAPD
Latest filing Aug 1, 2019
First filing on the tape Jan 19, 2012 · 27 filings
RAUM
$884M
reported, Item 5.F
Discretionary
86%
of RAUM
Private clients
100%
$884M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
21
19 advisory (5.B.1)
Offices
11
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$884M as of Mar 28, 2019
Mar 26, 2012$80.0M then
HNW client RAUM$695M as of Mar 28, 2019
Feb 28, 2018$110M then
State-registered IARs (5.B.3)19 as of Mar 28, 2019
Mar 26, 20120 then
Employees (5.A)21 as of Mar 28, 2019
Mar 14, 201311 then
Private funds: no history
RAUM +20% over the last fiscal year+45% a year over threeIARs 10 to 19
Practice profile
derived from the filing of Aug 1, 2019; every figure names its basis
RAUM per advisor
$46.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
48derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.5MderivedHNW RAUM over HNW clients
Average account
$307,946derivedRAUM over accounts (5.F.2.f)
Discretionary
86%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.1derivedItem 5.A over advisors
Advisors per office
1.6derived12 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
+90%derivedItem 5.B.3 between annual amendments
Client growth, one year
+23%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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
  • 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$695M79%
  • Individuals$189M21%
Individual clients
626reported
HNW clients
277reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2,870reported
Financial planning clients
11-25reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • D••••• B••••• R••••• · Managing Member, Chief Executive Officer, And Chief Compliance Officercontrol
    since 06/2002 · owns 50% to 75%
  • D••••••••• M••••• T•••••• · Chief Financial Officercontrol
    since 01/2017 · owns less than 5%
  • E••••••• C•••••••• A••• · Chief Administrative Officercontrol
    since 09/2017 · owns less than 5%
  • M•••••• M••••••• S•••• · Chief Investment Officercontrol
    since 10/2008 · owns 10% to 25%
  • B•••••• D••••••• R••••• · Member
    since 07/2011 · owns 5% to 10%
Related persons
Schedule D 7.A
  • S••••••• C••• I•••••••• S•••••••• L••
    real estaten
Offices
Schedule D 1.F, the 25 largest
  • Verona, NJ2 employees
  • Atlanta, GA2 employees
  • Greensboro, GA2 employees
  • New York, NY1 employees
  • South Hamilton, MA1 employees
  • , 1 employees
  • , 1 employees
  • Chevy Chase, MD1 employees
  • Flemington, NJ1 employees
What changed
consecutive filings, newest first
  • Succession · true to false
    Mar 28, 2019 to Aug 1, 2019
  • Accounts · 2,832 to 2,870
    Aug 24, 2018 to Mar 28, 2019
  • Advisory employees · 20 to 19
    Aug 24, 2018 to Mar 28, 2019
  • Charity clients · 5.0 to unset
    Aug 24, 2018 to Mar 28, 2019
  • HNW clients · 100 to 277
    Aug 24, 2018 to Mar 28, 2019
  • Individual clients · 637 to 626
    Aug 24, 2018 to Mar 28, 2019
  • Employees · 20 to 21
    Aug 24, 2018 to Mar 28, 2019
  • State-registered IARs · 10 to 19
    Aug 24, 2018 to Mar 28, 2019
  • Discretionary RAUM · $631M to $760M
    Aug 24, 2018 to Mar 28, 2019
  • HNW RAUM · $110M to $695M
    Aug 24, 2018 to Mar 28, 2019
  • Individual RAUM · $604M to $189M
    Aug 24, 2018 to Mar 28, 2019
  • Non-discretionary RAUM · $103M to $123M
    Aug 24, 2018 to Mar 28, 2019
  • RAUM · $735M to $884M
    Aug 24, 2018 to Mar 28, 2019
  • Succession · false to true
    Aug 24, 2018 to Mar 28, 2019
  • Accounts · 2,219 to 2,832
    May 8, 2017 to Feb 28, 2018
  • Charity clients · unset to 5.0
    May 8, 2017 to Feb 28, 2018
  • HNW clients · unset to 100.0
    May 8, 2017 to Feb 28, 2018
  • Individual clients · unset to 637.0
    May 8, 2017 to Feb 28, 2018
  • HQ city · PENNINGTON to NEWTOWN
    May 8, 2017 to Feb 28, 2018
  • HQ state · NJ to PA
    May 8, 2017 to Feb 28, 2018
  • Other offices · unset to 11.0
    May 8, 2017 to Feb 28, 2018
  • Discretionary RAUM · $554M to $631M
    May 8, 2017 to Feb 28, 2018
  • HNW RAUM · unset to 110196723.0
    May 8, 2017 to Feb 28, 2018
  • Individual RAUM · unset to 604448096.0
    May 8, 2017 to Feb 28, 2018
  • Non-discretionary RAUM · $118M to $103M
    May 8, 2017 to Feb 28, 2018
  • RAUM · $672M to $735M
    May 8, 2017 to Feb 28, 2018
  • Accounts · 1,604 to 2,219
    Mar 30, 2017 to May 8, 2017
  • Discretionary RAUM · $385M to $554M
    Mar 30, 2017 to May 8, 2017
  • Non-discretionary RAUM · $110M to $118M
    Mar 30, 2017 to May 8, 2017
  • RAUM · $495M to $672M
    Mar 30, 2017 to May 8, 2017
  • Accounts · 1,268 to 1,604
    Jan 9, 2017 to Mar 30, 2017
  • Advisory employees · 9 to 20
    Jan 9, 2017 to Mar 30, 2017
  • Employees · 14 to 20
    Jan 9, 2017 to Mar 30, 2017
  • Discretionary RAUM · $176M to $385M
    Jan 9, 2017 to Mar 30, 2017
  • Non-discretionary RAUM · $117M to $110M
    Jan 9, 2017 to Mar 30, 2017
  • RAUM · $293M to $495M
    Jan 9, 2017 to Mar 30, 2017
  • Accounts · 1,157 to 1,268
    Mar 26, 2015 to Mar 10, 2016
  • Discretionary RAUM · $157M to $176M
    Mar 26, 2015 to Mar 10, 2016
  • Non-discretionary RAUM · $100M to $117M
    Mar 26, 2015 to Mar 10, 2016
  • RAUM · $258M to $293M
    Mar 26, 2015 to Mar 10, 2016
Signals
3 dated events
  • M••• S••••• F•••••••• S••••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)
    Mar 28, 2019 · Succession (Item 4) · fact
  • Therese Marie Dzelzgalvis (Chief Financial Officer) appeared on Schedule A of M••• S••••• F•••••••• S••••••••• L••
    Mar 28, 2019 · Control person joined · fact
  • Anne Courtney Elliott (Chief Administrative Officer) appeared on Schedule A of M••• S••••• F•••••••• S••••••••• L••
    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.
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
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026