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Former SEC-registered adviser

D•••• W••••• M•••••••••

Former SEC-registered adviserDurham, North CarolinaCRD 150441SEC 801-70254IAPD

Legal name D•• A•••••••• L••

Latest filing Mar 28, 2017

First filing on the tape Mar 1, 2012 · 23 filings

RAUM

$102M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

0.0%

$0 individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

n/a

derived; firm RAUM over IAPD count

Employees

2 advisory (5.B.1)

Offices

n/a

beyond the principal office

Private funds

reported on Schedule D

History

23 filings and snapshots on the tape

RAUM$102M as of Mar 28, 2017

Mar 1, 2012$145M then

HNW client RAUM: no history

State-registered IARs (5.B.3)2 as of Mar 28, 2017

Mar 1, 20120 then

Employees (5.A)2 as of Mar 28, 2017

Mar 26, 20137 then

Private funds: no history

RAUM -46% over the last fiscal year-19% a year over threeIARs 5 to 2

Practice profile

derived from the filing of Mar 28, 2017; every figure names its basis

RAUM per advisor: $51.2MderivedRAUM 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: $265,903derivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.0derivedItem 5.A over advisors
Advisors per office: 2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year: -46%derivedbetween the last two annual amendments
Advisor growth, one year: -60%derivedItem 5.B.3 between annual amendments
Client growth, one year: unknownderived
Compensation: percentage of assetsreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, selection of other advisersreportedItem 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

This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).

Individual clients: n/areported
HNW clients: n/areported
Pension plan clients: n/areported
Charitable clients: n/areported
Accounts: 385reported
Financial planning clients: 1-10reported
Wrap fee programs: noreported
Custody of client assets: noreported
Compensation: % of AUMreported
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

A•••• A•••••••• A•••••• to H••••• R••••
Apr 3, 2017 · Other
J••••• R•••••• C••••••• to S•••••• W••••• P•••••••• L••
Sep 14, 2016 · Other
R•••• P•••••• S•••••• to I••••••••• F•••••••• S•••••••• I•••
Sep 12, 2016 · Other
S•••••• W•••• G•••••• to S•••••• W••••• P•••••••• L••
Jun 21, 2016 · Other
M•••••• C•••• T••• to R•• R••• A••••••• L••
Jun 7, 2016 · Other
T••• A•••• K••••••••• to G••••• F•••••••• G••••
Nov 20, 2014 · Other
K••• C••••••• B•••• to F••• W••••••••• I••••••••• A••••••• I••
Jun 20, 2011 · Other

Joined, latest

S•••••• W•••• G•••••• from I••••••••• F•••••••• S•••••••• I•••
Apr 28, 2015 · Other
M•••••• C•••• T••• from B••• C••• A•••••••• L••
Jun 19, 2014 · Other
R•••• P•••••• S•••••• from L•• F•••••••• L••
Sep 23, 2013 · Other
K••• C••••••• B•••• from V•••• F•••••••• P•••••••
May 28, 2010 · Other
T••• A•••• K••••••••• from W•••• F•••• A•••••••
Jun 11, 2009 · Other

Every departure Every arrival

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

D••••• J•••••• P•••••• · Managing Member / Chairman / Chief Compliance Officercontrol
since 06/2010 · owns 75% or more
A••••••• A••••• A•••••••• · Member
since 06/2010 · owns less than 5%

Related persons

Schedule D 7.A

No related person reported.

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

What changed

consecutive filings, newest first

Accounts · 397 to 385
Nov 30, 2016 to Mar 28, 2017
Financial planning clients · 11-25 to 1-10
Nov 30, 2016 to Mar 28, 2017
Discretionary RAUM · $101M to $102M
Nov 30, 2016 to Mar 28, 2017
RAUM · $101M to $102M
Nov 30, 2016 to Mar 28, 2017
Advisory activities · 2 to 3
Nov 29, 2016 to Nov 30, 2016
Financial planning clients · unset to 11-25
Nov 29, 2016 to Nov 30, 2016
Accounts · 1,314 to 397
Jul 11, 2016 to Sep 9, 2016
Advisory employees · 6 to 2
Jul 11, 2016 to Sep 9, 2016
BD registered reps · 1 to 0
Jul 11, 2016 to Sep 9, 2016
Employees · 9 to 2
Jul 11, 2016 to Sep 9, 2016
State-registered IARs · 5 to 2
Jul 11, 2016 to Sep 9, 2016
Discretionary RAUM · $189M to $101M
Jul 11, 2016 to Sep 9, 2016
RAUM · $189M to $101M
Jul 11, 2016 to Sep 9, 2016
Accounts · 1,067 to 1,314
Sep 14, 2015 to Mar 11, 2016
BD registered reps · 2 to 1
Sep 14, 2015 to Mar 11, 2016
Employees · 11 to 9
Sep 14, 2015 to Mar 11, 2016
State-registered IARs · 6 to 5
Sep 14, 2015 to Mar 11, 2016
Discretionary RAUM · $187M to $189M
Sep 14, 2015 to Mar 11, 2016
RAUM · $187M to $189M
Sep 14, 2015 to Mar 11, 2016
BD registered reps · 1 to 2
Apr 29, 2015 to Sep 14, 2015
Advisory employees · 5 to 6
Feb 23, 2015 to Apr 29, 2015
BD registered reps · 0 to 1
Feb 23, 2015 to Apr 29, 2015
Employees · 10 to 11
Feb 23, 2015 to Apr 29, 2015
State-registered IARs · 5 to 6
Feb 23, 2015 to Apr 29, 2015
Accounts · 982 to 1,067
Nov 20, 2014 to Feb 23, 2015
Employees · 9 to 10
Nov 20, 2014 to Feb 23, 2015
Discretionary RAUM · $190M to $187M
Nov 20, 2014 to Feb 23, 2015
RAUM · $190M to $187M
Nov 20, 2014 to Feb 23, 2015
Advisory employees · 6 to 5
Oct 3, 2014 to Nov 20, 2014
Employees · 10 to 9
Oct 3, 2014 to Nov 20, 2014
State-registered IARs · 6 to 5
Oct 3, 2014 to Nov 20, 2014
Advisory employees · 5 to 6
Feb 27, 2014 to Oct 3, 2014
Employees · 9 to 10
Feb 27, 2014 to Oct 3, 2014
State-registered IARs · 5 to 6
Feb 27, 2014 to Oct 3, 2014
Accounts · 1,014 to 982
Jan 15, 2014 to Feb 27, 2014
Employees · 7 to 9
Jan 15, 2014 to Feb 27, 2014
Discretionary RAUM · $170M to $190M
Jan 15, 2014 to Feb 27, 2014
RAUM · $170M to $190M
Jan 15, 2014 to Feb 27, 2014
Accounts · 825 to 1,014
Oct 23, 2012 to Mar 26, 2013
Advisory employees · unset to 5.0
Oct 23, 2012 to Mar 26, 2013

Signals

No event on the tape.

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