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

Precept Advisory Group LLC

Former SEC-registered adviserIrvine, CaliforniaCRD 152776SEC 801-71072websiteIAPD
Latest filing Mar 31, 2025
First filing on the tape Jan 31, 2012 · 55 filings
SEC status approved since Feb 8, 2010
RAUM
$5.0B
reported, Item 5.F
Discretionary
11%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
7 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
55 filings and snapshots on the tape
RAUM$5.0B as of Mar 31, 2025
Mar 12, 2012$1.5B then
HNW client RAUM$0 as of Mar 31, 2025
Mar 27, 2019$0 then
State-registered IARs (5.B.3)7 as of Mar 31, 2025
Mar 12, 20120 then
Employees (5.A)8 as of Mar 31, 2025
Mar 27, 20136 then
Private funds: no history
RAUM +17% over the last fiscal year-2.8% a year over threeIARs 8 to 7
Practice profile
derived from the filing of Mar 31, 2025; every figure names its basis
RAUM per advisor
$716MderivedRAUM 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
$79.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
11%derivedof RAUM
Institutional
96%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.1derivedItem 5.A over advisors
Advisors per office
3.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+17%derivedbetween the last two annual amendments
Advisor growth, one year
-13%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, pension consultingreportedItem 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
  • Pension and profit-sharing plans$4.8B96%
  • Corporations and businesses$192M3.8%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
56reported
Charitable clients
0reported
Accounts
63reported
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
7 left, 0 joined in 12 months
net -7 in 12 months0 left in 90 days0 joined in 90 days7 left over 36 months
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Jon Boone · Treasurer And Chief Financial Officercontrol
      since 07/2024 · owns less than 5%
    • Read Robert Davis · Chief Executive Officercontrol
      since 01/2022 · owns less than 5%
    • Kyu-Young Linda Bright · President
      since 06/2012 · owns less than 5%
    • Timothy Vincent Ko · Chief Compliance Officer
      since 04/2017 · owns less than 5%
    Entity owners
    • Marsh & Mclennan Agency LLC · Shareholder
      direct · owns 75% or more
    • Marsh & Mclennan Companies, Inc. · Parent Company
      indirect · owns 75% or more of Marsh LLC · public reporting company
    • Marsh LLC · Owner
      indirect · owns 75% or more of Marsh USA LLC
    • Marsh USA LLC · Owner
      indirect · owns 75% or more of Marsh & Mclennan Agency LLC
    Related persons
    Schedule D 7.A
    • Guy Carpenter & Company, LLC
      real estatey
    • Marsh & Mclennan Agency, LLC
      real estatey
    • Marsh Insurance & Investments LLC
      real estatey
    • Marsh USA LLC
      real estatey
    • Mcgriff Insurance Services, LLC
      real estatey
    • Mercer (US) Inc.
      LP sponsorn
    • Mercer Global Investments Canada Limited
      investment adviserbankpooled vehicle sponsorn
    • Mercer Investments LLC
      investment adviserbankpooled vehicle sponsorLP sponsornRAUM $226B
    • Mma Asset Management LLC
      investment advisernRAUM $788M
    • Mma Securities LLC
      broker-dealerinvestment adviserLP sponsorreal estaten
    • Mmc Securities Limited
      broker-dealerinvestment advisern
    • Mmc Securities LLC
      broker-dealern
    • Mmc Securities(Ireland)
      broker-dealerinvestment advisern
    Advisers that list Precept Advisory Group LLC as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Irvine, Ca · principal0061
    Portland, Or001
    Offices
    Schedule D 1.F, the 25 largest
    • , 1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 62 to 63
      Dec 13, 2024 to Mar 31, 2025
    • Pension plan clients · 55 to 56
      Dec 13, 2024 to Mar 31, 2025
    • Financial planning clients · 0 to 0
      Dec 13, 2024 to Mar 31, 2025
    • Discretionary RAUM · $288M to $542M
      Dec 13, 2024 to Mar 31, 2025
    • Non-discretionary RAUM · $4.0B to $4.5B
      Dec 13, 2024 to Mar 31, 2025
    • Pension RAUM · $4.1B to $4.8B
      Dec 13, 2024 to Mar 31, 2025
    • RAUM · $4.3B to $5.0B
      Dec 13, 2024 to Mar 31, 2025
    • Advisory employees · 8 to 7
      Nov 14, 2024 to Dec 13, 2024
    • BD registered reps · 1 to 0
      Nov 14, 2024 to Dec 13, 2024
    • Employees · 9 to 8
      Nov 14, 2024 to Dec 13, 2024
    • State-registered IARs · 8 to 7
      Nov 14, 2024 to Dec 13, 2024
    • Accounts · 67 to 62
      Jan 10, 2024 to Mar 14, 2024
    • Corporate clients · 1 to 7
      Jan 10, 2024 to Mar 14, 2024
    • Pension plan clients · 58 to 55
      Jan 10, 2024 to Mar 14, 2024
    • Discretionary RAUM · $27.0M to $288M
      Jan 10, 2024 to Mar 14, 2024
    • Non-discretionary RAUM · $4.9B to $4.0B
      Jan 10, 2024 to Mar 14, 2024
    • Pension RAUM · $4.8B to $4.1B
      Jan 10, 2024 to Mar 14, 2024
    • RAUM · $4.9B to $4.3B
      Jan 10, 2024 to Mar 14, 2024
    • Advisory employees · 7 to 8
      Aug 30, 2023 to Jan 10, 2024
    • BD registered reps · 0 to 1
      Aug 30, 2023 to Jan 10, 2024
    • Employees · 8 to 9
      Aug 30, 2023 to Jan 10, 2024
    • State-registered IARs · 7 to 8
      Aug 30, 2023 to Jan 10, 2024
    • Advisory employees · 6 to 7
      May 17, 2023 to Aug 30, 2023
    • Employees · 7 to 8
      May 17, 2023 to Aug 30, 2023
    • State-registered IARs · 6 to 7
      May 17, 2023 to Aug 30, 2023
    • Accounts · 58 to 67
      Sep 7, 2022 to Mar 21, 2023
    • Pension plan clients · 57 to 58
      Sep 7, 2022 to Mar 21, 2023
    • Financial planning clients · unset to 0
      Sep 7, 2022 to Mar 21, 2023
    • Discretionary RAUM · $24.2M to $27.0M
      Sep 7, 2022 to Mar 21, 2023
    • Non-discretionary RAUM · $5.4B to $4.9B
      Sep 7, 2022 to Mar 21, 2023
    • Pension RAUM · $5.4B to $4.8B
      Sep 7, 2022 to Mar 21, 2023
    • RAUM · $5.4B to $4.9B
      Sep 7, 2022 to Mar 21, 2023
    • Accounts · 53 to 58
      Aug 6, 2021 to Mar 14, 2022
    • Corporate clients · 2 to 1
      Aug 6, 2021 to Mar 14, 2022
    • Pension plan clients · 51 to 57
      Aug 6, 2021 to Mar 14, 2022
    • Discretionary RAUM · $0 to $24.2M
      Aug 6, 2021 to Mar 14, 2022
    • Non-discretionary RAUM · $4.8B to $5.4B
      Aug 6, 2021 to Mar 14, 2022
    • Pension RAUM · $4.8B to $5.4B
      Aug 6, 2021 to Mar 14, 2022
    • RAUM · $4.8B to $5.4B
      Aug 6, 2021 to Mar 14, 2022
    • Accounts · 46 to 53
      Jan 25, 2021 to Mar 5, 2021
    Signals
    28 dated events
    • Precept Advisory Group Llc no longer on the SEC adviser roster (last listed 2026-01-02, RAUM $5.0B)
      Feb 2, 2026 · Left the SEC roster · derived
    • Vincent Timothy Ko left Precept Advisory Group Llc for Mma Securities Llc (registered 2026-01-05)
      Jan 30, 2026 · Advisor changed firm · fact
    • Linda Kyu-Young Bright left Precept Advisory Group Llc for Mma Securities Llc (registered 2026-01-05)
      Jan 30, 2026 · Advisor changed firm · fact
    • 2 advisors left Precept Advisory Group LLC (Irvine, CA) for Mma Securities LLC on the same day
      Jan 30, 2026 · Team lift-out · derived
    • Kevin Jenpin Chen left Precept Advisory Group Llc for Mma Securities Llc (registered 2026-01-08)
      Jan 14, 2026 · Advisor changed firm · fact
    • Corey Alan Coleman left Precept Advisory Group Llc for Mma Securities Llc (registered 2026-01-05)
      Jan 8, 2026 · Advisor changed firm · fact
    • Johnathan Ma left Precept Advisory Group Llc for Mma Securities Llc (registered 2026-01-05)
      Jan 8, 2026 · Advisor changed firm · fact
    • Matija Fistrovic left Precept Advisory Group Llc for Mma Securities Llc (registered 2026-01-05)
      Jan 8, 2026 · Advisor changed firm · fact
    • Bernson Gin Won Wong left Precept Advisory Group Llc for Mma Securities Llc (registered 2026-01-05)
      Jan 8, 2026 · Advisor changed firm · fact
    • Precept Advisory Group LLC's advisors moved to Mma Securities LLC (Irvine, CA): 4 of 7 registered, within 6 days
      Jan 8, 2026 · Firm absorbed (people side) · derived
    • Michael John Howard (Chairman) no longer on Schedule A of Precept Advisory Group Llc (listed 2024-11-14, absent 2024-12-13)
      Dec 13, 2024 · Control person left · inference
    • J. Tammy Stringer (Secretary) no longer on Schedule A of Precept Advisory Group Llc (listed 2024-09-09, absent 2024-11-14)
      Nov 14, 2024 · Control person left · inference
    • M Mary Martin (Treasurer) no longer on Schedule A of Precept Advisory Group Llc (listed 2024-07-16, absent 2024-09-09)
      Sep 9, 2024 · Control person left · inference
    • Jon Boone (Treasurer And Chief Financial Officer) appeared on Schedule A of Precept Advisory Group Llc
      Sep 9, 2024 · Control person joined · fact
    • L Andrea Holder (Chief Financial Officer) no longer on Schedule A of Precept Advisory Group Llc (listed 2024-07-05, absent 2024-07-16)
      Jul 16, 2024 · Control person left · inference
    • M Mary Martin (Treasurer) appeared on Schedule A of Precept Advisory Group Llc
      Apr 2, 2024 · Control person joined · fact
    • Alan David Gottwals (President) no longer on Schedule A of Precept Advisory Group Llc (listed 2024-03-14, absent 2024-04-02)
      Apr 2, 2024 · Control person left · inference
    • Read Robert Davis (Chief Executive Officer) appeared on Schedule A of Precept Advisory Group Llc
      Mar 14, 2022 · Control person joined · fact
    • Alan David Gottwals (President) appeared on Schedule A of Precept Advisory Group Llc
      Mar 14, 2022 · Control person joined · fact
    • W. Frederick Iii Ulmer (Chief Executive Officer) no longer on Schedule A of Precept Advisory Group Llc (listed 2021-08-06, absent 2022-03-14)
      Mar 14, 2022 · Control person left · inference
    • Joseph Michael Martini (President) no longer on Schedule A of Precept Advisory Group Llc (listed 2021-08-06, absent 2022-03-14)
      Mar 14, 2022 · Control person left · inference
    • Precept Advisory Group Llc reported RAUM $4.8B, up 29% from $3.8B (2021-01-25 to 2021-03-05)
      Mar 5, 2021 · RAUM change · derived
    • W. Frederick Iii Ulmer (Chief Executive Officer) appeared on Schedule A of Precept Advisory Group Llc
      Mar 27, 2019 · Control person joined · fact
    • Joseph Michael Martini (President) appeared on Schedule A of Precept Advisory Group Llc
      Mar 27, 2019 · Control person joined · fact
    • J. Tammy Stringer (Secretary) appeared on Schedule A of Precept Advisory Group Llc
      Mar 27, 2019 · Control person joined · fact
    • M David Pruett (Manager, Vice Chairman And Secretary) no longer on Schedule A of Precept Advisory Group Llc (listed 2018-12-19, absent 2019-03-27)
      Mar 27, 2019 · Control person left · inference
    • Martin Loth (President) no longer on Schedule A of Precept Advisory Group Llc (listed 2018-12-19, absent 2019-03-27)
      Mar 27, 2019 · Control person left · inference
    • Precept Advisory Group Llc reported RAUM $3.3B, up 52% from $2.1B (2017-07-11 to 2018-03-27)
      Mar 27, 2018 · 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.
    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