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
Nerad + Deppe Wealth Management
Legal name Ndwm LLC
Latest filing Feb 2, 2026
First filing on the tape Mar 20, 2020 · 14 filings
SEC status approved since Apr 15, 2022
RAUM
$176M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$176M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$88.1M
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$176M as of Feb 2, 2026
Feb 28, 2023$118M then
HNW client RAUM$138M as of Feb 2, 2026
Feb 28, 2023$85.8M then
State-registered IARs (5.B.3)2 as of Feb 2, 2026
Feb 28, 20232 then
Employees (5.A)2 as of Feb 2, 2026
Feb 28, 20232 then
Private funds: no history
RAUM +8.5% over the last fiscal year+14% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Feb 2, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $88.1MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 89derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.9MderivedHNW RAUM over HNW clients
- Average account
- $287,600derivedRAUM 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
- +8.5%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -4.3%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
- Custody
- $10.0M, 15 clientsreportedItem 9.A
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$138M78%
- Individuals$38.0M22%
- Individual clients
- 103reported
- HNW clients
- 74reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 613reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $10.0M for 15 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 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
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Steven James Deppe | La Jolla, Ca | Apr 20, 2020 | 22 y | 3 |
| Richard Edward Nerad | La Jolla, Ca | Apr 20, 2020 | 23 y | 3 |
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
- Steven James Deppe to Alphacore Capital LLCDec 6, 2019 · Other
- Richard Edward Nerad to Alphacore Capital LLCDec 6, 2019 · Other
Joined, latest
- Steven James Deppe from Alphacore Capital LLCApr 20, 2020 · RIA to a newly registered adviser
- Richard Edward Nerad from Alphacore Capital LLCApr 20, 2020 · RIA to a newly registered adviser
- Steven James Deppe from Ameriprise Financial Services, LLCNov 9, 2009 · Affiliated broker-dealer or bank to a newly registered adviser
- Richard Edward Nerad from Ameriprise Financial Services, LLCNov 9, 2009 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for Alphacore Capital LLCDec 6, 2019 · San Diego, Ca
- 2 joined from Alphacore Capital LLCMay 29, 2020 · San Diego, Ca
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- James Steven Deppe · Managing Membercontrolsince 04/2020 · owns 50% to 75%
- Edward Richard Nerad · Managing Member And Chief Compliance Officercontrolsince 04/2020 · 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 |
|---|---|---|---|---|---|
| La Jolla, Ca · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 645 to 613Feb 3, 2025 to Feb 2, 2026
- Individual clients · 111 to 103Feb 3, 2025 to Feb 2, 2026
- Assets in custody · $6.7M to $10.0MFeb 3, 2025 to Feb 2, 2026
- Discretionary RAUM · $162M to $176MFeb 3, 2025 to Feb 2, 2026
- HNW RAUM · $120M to $138MFeb 3, 2025 to Feb 2, 2026
- Individual RAUM · $42.3M to $38.0MFeb 3, 2025 to Feb 2, 2026
- RAUM · $162M to $176MFeb 3, 2025 to Feb 2, 2026
- Accounts · 616 to 645Feb 5, 2024 to Feb 3, 2025
- HNW clients · 69 to 74Feb 5, 2024 to Feb 3, 2025
- Individual clients · 113 to 111Feb 5, 2024 to Feb 3, 2025
- Assets in custody · $49.5M to $6.7MFeb 5, 2024 to Feb 3, 2025
- Financial planning clients · 0 to 0Feb 5, 2024 to Feb 3, 2025
- Discretionary RAUM · $134M to $162MFeb 5, 2024 to Feb 3, 2025
- HNW RAUM · $97.2M to $120MFeb 5, 2024 to Feb 3, 2025
- Individual RAUM · $36.7M to $42.3MFeb 5, 2024 to Feb 3, 2025
- RAUM · $134M to $162MFeb 5, 2024 to Feb 3, 2025
- Accounts · 600 to 616Feb 28, 2023 to Feb 5, 2024
- HNW clients · 67 to 69Feb 28, 2023 to Feb 5, 2024
- Individual clients · 132 to 113Feb 28, 2023 to Feb 5, 2024
- Assets in custody · $42.8M to $49.5MFeb 28, 2023 to Feb 5, 2024
- Financial planning clients · 1-10 to 0Feb 28, 2023 to Feb 5, 2024
- Discretionary RAUM · $118M to $134MFeb 28, 2023 to Feb 5, 2024
- HNW RAUM · $85.8M to $97.2MFeb 28, 2023 to Feb 5, 2024
- Individual RAUM · $32.1M to $36.7MFeb 28, 2023 to Feb 5, 2024
- RAUM · $118M to $134MFeb 28, 2023 to Feb 5, 2024
- Accounts · 595 to 600Aug 12, 2022 to Feb 28, 2023
- HNW clients · 58 to 67Aug 12, 2022 to Feb 28, 2023
- Individual clients · 112 to 132Aug 12, 2022 to Feb 28, 2023
- Assets in custody · $38.6M to $42.8MAug 12, 2022 to Feb 28, 2023
- Discretionary RAUM · $116M to $118MAug 12, 2022 to Feb 28, 2023
- HNW RAUM · $76.4M to $85.8MAug 12, 2022 to Feb 28, 2023
- Individual RAUM · $41.1M to $32.1MAug 12, 2022 to Feb 28, 2023
- Non-discretionary RAUM · $2.0M to $0Aug 12, 2022 to Feb 28, 2023
- RAUM · $118M to $118MAug 12, 2022 to Feb 28, 2023
- Accounts · 505 to 595Jul 10, 2020 to Mar 11, 2022
- HNW clients · 19 to 58Jul 10, 2020 to Mar 11, 2022
- Individual clients · 107 to 112Jul 10, 2020 to Mar 11, 2022
- Assets in custody · $74.5M to $38.6MJul 10, 2020 to Mar 11, 2022
- Financial planning clients · 0 to 1-10Jul 10, 2020 to Mar 11, 2022
- HQ city · SAN DIEGO to LA JOLLAJul 10, 2020 to Mar 11, 2022
Signals
1 dated events
- Nerad And Deppe Wealth Management filed its initial SEC registration (Form ADV)Mar 20, 2020 · 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
- Website
- ND-WM.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 858-457-1325reportedpublic record, Form ADV, Feb 2, 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
- $88.1Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026