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•••••••• • P••••• W••••• A•••••••
Legal name M•••• I•••
Latest filing Apr 2, 2026
First filing on the tape Jun 14, 2019 · 12 filings
SEC status approved since Jul 15, 2019
RAUM
$141M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
92%
$130M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$46.9M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$141M as of Apr 2, 2026
Mar 26, 2020$110M then
HNW client RAUM$48.3M as of Apr 2, 2026
Mar 26, 2020$14.2M then
State-registered IARs (5.B.3)3 as of Apr 2, 2026
Mar 26, 20203 then
Employees (5.A)3 as of Apr 2, 2026
Mar 26, 20203 then
Private funds: no history
RAUM -26% over the last fiscal year+14% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Apr 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
- Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
- RAUM per advisor
- $46.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 116derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.1MderivedHNW RAUM over HNW clients
- Average account
- $387,837derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 1.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -26%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +3.6%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, publications, 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$81.5M58%
- High-net-worth individuals$48.3M34%
- Corporations and businesses$9.1M6.5%
- Charitable organizations$1.9M1.3%
- Individual clients
- 325reported
- HNW clients
- 23reported
- Pension plan clients
- 0reported
- Charitable clients
- 3reported
- Accounts
- 363reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.92 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| D••••• P•••••• P••••• | Bakersfield, Ca | Jan 19, 2016 | 23 y | 3 |
| J•••••• K••••• M•••••••• | Bakersfield, Ca | Jan 19, 2016 | 20 y | 3 |
| H•••• D••••• C•••• | Bakersfield, Ca | Jan 19, 2016 | 14 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
none on the tape
Joined, latest
- D••••• P•••••• P••••• from M••••• S•••••• • C•• L••Jan 30, 2009 · Other
- J•••••• K••••• M•••••••• from M••••• S•••••• • C•• L••Jan 30, 2009 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- M••••••••• J••••••• K••••• · Presidentcontrolsince 01/2009 · owns 50% to 75%
- P•••••• D•••••• P•••••• · Chief Compliance Officercontrolsince 01/2009 · owns 50% to 75%
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 |
|---|---|---|---|---|---|
| Bakersfield, Ca · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Santa Margarita, CA1 employees
ADV anomalies
5 against comparable advisers; where to look, not conclusions
- institutional to wealth shiftCombination · filing Apr 2, 2026institutional share fell 15 points or more while private-client share rose 15 points or more. RAUM $190,746,375 to $140,785,000, advisors 3 to 3, private clients 336 to 348, offices 1 to 1 (2025-03-31 to 2026-04-02)peers: independent wealth managers, $100M to $500M (5,678)
- RAUM down 25 %Change between filings · filing Apr 2, 2026RAUM (Item 5.F) moved from $190,746,375 to $140,785,000 (-26.0%) between the annual amendments of 2025-03-31 and 2026-04-02; the peer median change was +15.0% (4549 comparable advisers, 1.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,549) · 1.5% percentile
- institutional asset share shiftChange between filings · filing Apr 2, 2026institutional share of RAUM moved from 44.0% to 8.0% between the annual amendments of 2025-03-31 and 2026-04-02peers: independent wealth managers, $100M to $500M (5,678)
- account count collapseChange between filings · filing Apr 2, 2026accounts (Item 5.F.2.f) moved from 591.0 to 363.0 (-39.0%) between the annual amendments of 2025-03-31 and 2026-04-02; the peer median change was +5.0% (3686 comparable advisers, 4.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,686) · 4.1% percentile
- client mix shiftChange between filings · filing Apr 2, 2026private-client share of RAUM moved from 56.0% to 92.0% between the annual amendments of 2025-03-31 and 2026-04-02peers: independent wealth managers, $100M to $500M (5,678)
What changed
consecutive filings, newest first
- Accounts · 591 to 363Mar 31, 2025 to Mar 16, 2026
- Corporate clients · 6 to 12Mar 31, 2025 to Mar 16, 2026
- HNW clients · 16 to 23Mar 31, 2025 to Mar 16, 2026
- Individual clients · 320 to 325Mar 31, 2025 to Mar 16, 2026
- Employees · 4 to 3Mar 31, 2025 to Mar 16, 2026
- Financial planning clients · More than 500 to 11-25Mar 31, 2025 to Mar 16, 2026
- Discretionary RAUM · $191M to $141MMar 31, 2025 to Mar 16, 2026
- HNW RAUM · $42.9M to $48.3MMar 31, 2025 to Mar 16, 2026
- Individual RAUM · $63.7M to $81.5MMar 31, 2025 to Mar 16, 2026
- RAUM · $191M to $141MMar 31, 2025 to Mar 16, 2026
- Accounts · 455 to 591Mar 11, 2024 to Mar 31, 2025
- Corporate clients · 18 to 6Mar 11, 2024 to Mar 31, 2025
- HNW clients · 20 to 16Mar 11, 2024 to Mar 31, 2025
- Individual clients · 345 to 320Mar 11, 2024 to Mar 31, 2025
- Employees · 3 to 4Mar 11, 2024 to Mar 31, 2025
- Financial planning clients · 11-25 to More than 500Mar 11, 2024 to Mar 31, 2025
- Discretionary RAUM · $97.9M to $191MMar 11, 2024 to Mar 31, 2025
- HNW RAUM · $31.6M to $42.9MMar 11, 2024 to Mar 31, 2025
- Individual RAUM · $47.0M to $63.7MMar 11, 2024 to Mar 31, 2025
- RAUM · $97.9M to $191MMar 11, 2024 to Mar 31, 2025
- Accounts · 418 to 455Mar 31, 2023 to Mar 11, 2024
- Advisory activities · 5 to 6Mar 31, 2023 to Mar 11, 2024
- Corporate clients · 12 to 18Mar 31, 2023 to Mar 11, 2024
- HNW clients · 21 to 20Mar 31, 2023 to Mar 11, 2024
- Individual clients · 382 to 345Mar 31, 2023 to Mar 11, 2024
- Assets in custody · 500000.0 to unsetMar 31, 2023 to Mar 11, 2024
- Custody of client assets · true to falseMar 31, 2023 to Mar 11, 2024
- Discretionary RAUM · $94.0M to $97.9MMar 31, 2023 to Mar 11, 2024
- HNW RAUM · $22.5M to $31.6MMar 31, 2023 to Mar 11, 2024
- Individual RAUM · $54.0M to $47.0MMar 31, 2023 to Mar 11, 2024
- RAUM · $94.0M to $97.9MMar 31, 2023 to Mar 11, 2024
- Accounts · 420 to 418Apr 5, 2022 to Mar 31, 2023
- Advisory activities · 4 to 5Apr 5, 2022 to Mar 31, 2023
- Corporate clients · 15 to 12Apr 5, 2022 to Mar 31, 2023
- HNW clients · 17 to 21Apr 5, 2022 to Mar 31, 2023
- Individual clients · 327 to 382Apr 5, 2022 to Mar 31, 2023
- Pension plan clients · 19 to 0Apr 5, 2022 to Mar 31, 2023
- Assets in custody · unset to 500000.0Apr 5, 2022 to Mar 31, 2023
- Custody of client assets · false to trueApr 5, 2022 to Mar 31, 2023
- Financial planning clients · unset to 11-25Apr 5, 2022 to Mar 31, 2023
Signals
1 dated events
- M•••••••• • P••••• W••••• A••••••• filed its initial SEC registration (Form ADV)Jun 14, 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.
How to reach
public business contact points only, each with its source
- Business phone
- 661-345-6811reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 661-395-9400reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- w••.m•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- (661) 395-9400reportedpublic record, Form ADV, Apr 2, 2026
- Team page
- m•••••••••.comreportedpublished 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
- $46.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026