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

M3f, Inc.

Asset manager (funds and pooled vehicles)Salt Lake City, UtahCRD 151191SEC 801-70649websiteIAPD
Latest filing Mar 17, 2026
First filing on the tape Mar 27, 2012 · 18 filings
SEC status approved since Oct 8, 2009
RAUM
$778M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$389M
derived; firm RAUM over IAPD count
Employees
6
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$778M as of Mar 17, 2026
Mar 27, 2012$180M then
HNW client RAUM: no history
State-registered IARs (5.B.3)2 as of Mar 17, 2026
Mar 27, 20120 then
Employees (5.A)6 as of Mar 17, 2026
Mar 18, 20133 then
Private funds1 as of Mar 17, 2026
Mar 27, 20121 then
RAUM +1.6% over the last fiscal year+5.8% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 17, 2026; every figure names its basis
RAUM per advisor
$389MderivedRAUM 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
$778MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+1.6%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 assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$778M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
1reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
William Chester WallerSalt Lake City, UtDec 3, 201419 y0
Jason Allen StockSalt Lake City, UtJan 6, 201529 y1
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
    Private funds
    1 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    M3 Partners, LPHedge Fund$612M74Mar 27, 2012
    Owners and control persons
    Schedule A and B, latest filing
    • Allen Jason Stock · Chief Compliance Officer, Managing Directorcontrol
      since 06/2009 · owns 50% to 75%
    • Chester William Waller · Managing Directorcontrol
      since 06/2009 · owns 50% to 75%
    Related persons
    Schedule D 7.A
    • M3 Funds, LLC
      pooled vehicle sponsorn
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Salt Lake City, Ut · principal200
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Advisory employees · 5 to 6
      Mar 18, 2025 to Mar 17, 2026
    • Employees · 5 to 6
      Mar 18, 2025 to Mar 17, 2026
    • Discretionary RAUM · $766M to $778M
      Mar 18, 2025 to Mar 17, 2026
    • Pooled vehicle RAUM · $766M to $778M
      Mar 18, 2025 to Mar 17, 2026
    • RAUM · $766M to $778M
      Mar 18, 2025 to Mar 17, 2026
    • Financial planning clients · unset to
      Aug 26, 2024 to Mar 18, 2025
    • Discretionary RAUM · $612M to $766M
      Aug 26, 2024 to Mar 18, 2025
    • Pooled vehicle RAUM · $612M to $766M
      Aug 26, 2024 to Mar 18, 2025
    • RAUM · $612M to $766M
      Aug 26, 2024 to Mar 18, 2025
    • Discretionary RAUM · $658M to $612M
      Mar 29, 2023 to Mar 27, 2024
    • Pooled vehicle RAUM · $658M to $612M
      Mar 29, 2023 to Mar 27, 2024
    • RAUM · $658M to $612M
      Mar 29, 2023 to Mar 27, 2024
    • Discretionary RAUM · $595M to $658M
      Sep 29, 2022 to Mar 29, 2023
    • Pooled vehicle RAUM · $595M to $658M
      Sep 29, 2022 to Mar 29, 2023
    • RAUM · $595M to $658M
      Sep 29, 2022 to Mar 29, 2023
    • Discretionary RAUM · $594M to $595M
      Mar 22, 2021 to Mar 25, 2022
    • Pooled vehicle RAUM · $594M to $595M
      Mar 22, 2021 to Mar 25, 2022
    • RAUM · $594M to $595M
      Mar 22, 2021 to Mar 25, 2022
    • Discretionary RAUM · $356M to $594M
      Mar 30, 2020 to Mar 22, 2021
    • Pooled vehicle RAUM · $356M to $594M
      Mar 30, 2020 to Mar 22, 2021
    • RAUM · $356M to $594M
      Mar 30, 2020 to Mar 22, 2021
    • Advisory employees · 4 to 5
      Mar 13, 2019 to Mar 30, 2020
    • Employees · 4 to 5
      Mar 13, 2019 to Mar 30, 2020
    • Discretionary RAUM · $344M to $356M
      Mar 13, 2019 to Mar 30, 2020
    • Pooled vehicle RAUM · $344M to $356M
      Mar 13, 2019 to Mar 30, 2020
    • RAUM · $344M to $356M
      Mar 13, 2019 to Mar 30, 2020
    • Discretionary RAUM · $324M to $344M
      Mar 22, 2018 to Mar 13, 2019
    • Pooled vehicle RAUM · $324M to $344M
      Mar 22, 2018 to Mar 13, 2019
    • RAUM · $324M to $344M
      Mar 22, 2018 to Mar 13, 2019
    • Advisory employees · 3 to 4
      Mar 27, 2017 to Mar 22, 2018
    • Charity clients · unset to 0.0
      Mar 27, 2017 to Mar 22, 2018
    • Corporate clients · unset to 0.0
      Mar 27, 2017 to Mar 22, 2018
    • HNW clients · unset to 0.0
      Mar 27, 2017 to Mar 22, 2018
    • Individual clients · unset to 0.0
      Mar 27, 2017 to Mar 22, 2018
    • Pension plan clients · unset to 0.0
      Mar 27, 2017 to Mar 22, 2018
    • Pooled vehicle clients · unset to 1.0
      Mar 27, 2017 to Mar 22, 2018
    • Employees · 3 to 4
      Mar 27, 2017 to Mar 22, 2018
    • Other offices · unset to 0.0
      Mar 27, 2017 to Mar 22, 2018
    • Discretionary RAUM · $336M to $324M
      Mar 27, 2017 to Mar 22, 2018
    • Pooled vehicle RAUM · unset to 323905382.0
      Mar 27, 2017 to Mar 22, 2018
    Signals
    2 dated events
    • M3F, Inc. reported RAUM $766.2M, up 25% from $612.2M (2024-08-26 to 2025-03-18)
      Mar 18, 2025 · RAUM change · derived
    • M3F, Inc. reported RAUM $593.9M, up 67% from $355.8M (2020-03-30 to 2021-03-22)
      Mar 22, 2021 · RAUM change · derived
    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
    Website
    M3FUNDS.COMreportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    202-246-9200reportedpublic record, Form ADV, Mar 17, 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
    Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
    RAUM per advisor
    $389Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026