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.

Former SEC-registered adviser

Tfg Wealth Management, LLC

Former SEC-registered adviserNewtown, PennsylvaniaCRD 148025SEC 801-116753IAPD
Latest filing Mar 20, 2023
First filing on the tape May 7, 2019 · 10 filings
RAUM
$143M
reported, Item 5.F
Discretionary
95%
of RAUM
Private clients
98%
$141M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
1 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$143M as of Mar 20, 2023
Mar 28, 2020$120M then
HNW client RAUM$78.6M as of Mar 20, 2023
Mar 28, 2020$61.5M then
State-registered IARs (5.B.3)1 as of Mar 20, 2023
Mar 28, 20202 then
Employees (5.A)5 as of Mar 20, 2023
Mar 28, 20204 then
Private funds: no history
RAUM -6.1% over the last fiscal year+6.1% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 20, 2023; every figure names its basis
RAUM per advisor
$143MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
327derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$818,638derivedHNW RAUM over HNW clients
Average account
$212,425derivedRAUM over accounts (5.F.2.f)
Discretionary
95%derivedof RAUM
Institutional
1.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
5.0derivedItem 5.A over advisors
Advisors per office
0.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-6.1%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+51%derived
Compensation
percentage of assets, hourly, fixed fees, subscription, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisers, educational seminarsreportedItem 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)
  • 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$78.6M55%
  • Individuals$61.9M43%
  • Charitable organizations$2.7M1.9%
Individual clients
231reported
HNW clients
96reported
Pension plan clients
n/areported
Charitable clients
1reported
Accounts
674reported
Financial planning clients
0reported
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
Left, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • David Mark Fried · Managing Member/Ccocontrol
      since 07/2008 · owns 75% or more
    Related persons
    Schedule D 7.A
    • The Fried Group, Inc.
      real estatey
    Offices
    Schedule D 1.F, the 25 largest
    • Doylestown, PA1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 647 to 674
      Aug 1, 2022 to Mar 20, 2023
    • Corporate clients · 1.0 to unset
      Aug 1, 2022 to Mar 20, 2023
    • HNW clients · 88 to 96
      Aug 1, 2022 to Mar 20, 2023
    • Individual clients · 129 to 231
      Aug 1, 2022 to Mar 20, 2023
    • Discretionary RAUM · $145M to $136M
      Aug 1, 2022 to Mar 20, 2023
    • HNW RAUM · $102M to $78.6M
      Aug 1, 2022 to Mar 20, 2023
    • Individual RAUM · $42.8M to $61.9M
      Aug 1, 2022 to Mar 20, 2023
    • Non-discretionary RAUM · $7.3M to $7.5M
      Aug 1, 2022 to Mar 20, 2023
    • RAUM · $152M to $143M
      Aug 1, 2022 to Mar 20, 2023
    • Accounts · 612 to 647
      Apr 5, 2021 to Mar 16, 2022
    • Charity clients · unset to 1.0
      Apr 5, 2021 to Mar 16, 2022
    • Corporate clients · unset to 1.0
      Apr 5, 2021 to Mar 16, 2022
    • HNW clients · 23 to 88
      Apr 5, 2021 to Mar 16, 2022
    • Individual clients · 188 to 129
      Apr 5, 2021 to Mar 16, 2022
    • Assets in custody · 1645443.0 to unset
      Apr 5, 2021 to Mar 16, 2022
    • Custody of client assets · true to false
      Apr 5, 2021 to Mar 16, 2022
    • Discretionary RAUM · $124M to $145M
      Apr 5, 2021 to Mar 16, 2022
    • HNW RAUM · $52.6M to $102M
      Apr 5, 2021 to Mar 16, 2022
    • Individual RAUM · $75.5M to $42.8M
      Apr 5, 2021 to Mar 16, 2022
    • Non-discretionary RAUM · $7.5M to $7.3M
      Apr 5, 2021 to Mar 16, 2022
    • RAUM · $131M to $152M
      Apr 5, 2021 to Mar 16, 2022
    • Accounts · 659 to 612
      Jun 27, 2020 to Mar 27, 2021
    • Advisory employees · 2 to 1
      Jun 27, 2020 to Mar 27, 2021
    • HNW clients · 50 to 23
      Jun 27, 2020 to Mar 27, 2021
    • Individual clients · 172 to 188
      Jun 27, 2020 to Mar 27, 2021
    • Assets in custody · unset to 1645443.0
      Jun 27, 2020 to Mar 27, 2021
    • Custody of client assets · false to true
      Jun 27, 2020 to Mar 27, 2021
    • Employees · 4 to 5
      Jun 27, 2020 to Mar 27, 2021
    • State-registered IARs · 2 to 1
      Jun 27, 2020 to Mar 27, 2021
    • Other offices · 2 to 1
      Jun 27, 2020 to Mar 27, 2021
    • Discretionary RAUM · $108M to $124M
      Jun 27, 2020 to Mar 27, 2021
    • HNW RAUM · $61.5M to $52.6M
      Jun 27, 2020 to Mar 27, 2021
    • Individual RAUM · $51.7M to $75.5M
      Jun 27, 2020 to Mar 27, 2021
    • Non-discretionary RAUM · $11.7M to $7.5M
      Jun 27, 2020 to Mar 27, 2021
    • RAUM · $120M to $131M
      Jun 27, 2020 to Mar 27, 2021
    • Accounts · 740 to 659
      Jul 15, 2019 to Mar 28, 2020
    • HNW clients · 37 to 50
      Jul 15, 2019 to Mar 28, 2020
    • Individual clients · 202 to 172
      Jul 15, 2019 to Mar 28, 2020
    • Other offices · 0 to 2
      Jul 15, 2019 to Mar 28, 2020
    • Discretionary RAUM · $91.5M to $108M
      Jul 15, 2019 to Mar 28, 2020
    Signals
    4 dated events
    • Ronald Edward Mcintire left Tfg Wealth Management, Llc for Merit Financial Advisors (registered 2023-04-03)
      Jun 13, 2023 · Advisor changed firm · fact
    • Mark David Fried left Tfg Wealth Management, Llc for Merit Financial Advisors (registered 2023-04-03)
      Jun 13, 2023 · Advisor changed firm · fact
    • 2 advisors left Tfg Wealth Management, LLC (Newtown, PA) for Merit Financial Advisors on the same day
      Jun 13, 2023 · Team lift-out · derived
    • Tfg Wealth Management, Llc filed its initial SEC registration (Form ADV)
      May 7, 2019 · First SEC registration · 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