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

Bridgewater Wealth & Financial Management, LLC

Former SEC-registered adviserBethesda, MarylandCRD 152965SEC 801-71137IAPD
Latest filing Dec 14, 2017
First filing on the tape Mar 30, 2012 · 20 filings
RAUM
$894M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
105%
$938M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
36
14 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$894M as of Mar 31, 2017
Mar 30, 2012$206M then
HNW client RAUM: no history
State-registered IARs (5.B.3)11 as of Mar 31, 2017
Mar 30, 20120 then
Employees (5.A)36 as of Mar 31, 2017
Mar 28, 201319 then
Private funds: no history
RAUM +7.8% over the last fiscal year+24% a year over threeIARs 10 to 11
Practice profile
derived from the filing of Dec 14, 2017; every figure names its basis
RAUM per advisor
$81.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
52derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.6MderivedHNW RAUM over HNW clients
Average account
$374,711derivedRAUM over accounts (5.F.2.f)
Discretionary
96%derivedof RAUM
Institutional
1.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.3derivedItem 5.A over advisors
Advisors per office
5.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+7.8%derivedbetween the last two annual amendments
Advisor growth, one year
+10%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
Financial planning clients
500reportedItem 5.H
Custody
$10.3M, 61 clientsreportedItem 9.A
Ownership
controlled by a public reporting companyderived
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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$938M98%
  • Charitable organizations$16.7M1.8%
Individual clients
0reported
HNW clients
577reported
Pension plan clients
0reported
Charitable clients
3reported
Accounts
2,386reported
Financial planning clients
500reported
Wrap fee programs
noreported
Custody of client assets
$10.3M for 61 clientsreported
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
Left, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Joseph Ronald Rubin · Principal / Chief Compliance Officercontrol
    since 01/2010 · owns less than 5%
Entity owners
  • Focus Operating, LLC · Member (Manager)
    direct · owns 75% or more
  • Focus Financial Partners, LLC · Member
    indirect · owns 75% or more of Focus Operating, LLC
  • Trident Ffp Blocker LLC · Limited Partner
    indirect · owns 25% to 50% of Trident Ffp, L.P.
  • Trident Ffp, L.P. · Member
    indirect · owns 25% to 50% of Focus Financial Partners, LLC
  • Trident Vi Parallel Fund, L.P. · Member
    indirect · owns 75% or more of Trident Ffp Blocker LLC
  • Trident Vi, L.P. · Limited Partner
    indirect · owns 25% to 50% of Trident Ffp, L.P.
Related persons
Schedule D 7.A
Advisers that list Bridgewater Wealth & Financial Management, LLC as a related person
Offices
Schedule D 1.F, the 25 largest
  • Easton, MD2 employees
What changed
consecutive filings, newest first
  • Charity clients · unset to 3.0
    Sep 12, 2017 to Dec 14, 2017
  • Corporate clients · unset to 0.0
    Sep 12, 2017 to Dec 14, 2017
  • HNW clients · unset to 577.0
    Sep 12, 2017 to Dec 14, 2017
  • Individual clients · unset to 0.0
    Sep 12, 2017 to Dec 14, 2017
  • Pension plan clients · unset to 0.0
    Sep 12, 2017 to Dec 14, 2017
  • Pooled vehicle clients · unset to 0.0
    Sep 12, 2017 to Dec 14, 2017
  • Other offices · unset to 1.0
    Sep 12, 2017 to Dec 14, 2017
  • HNW RAUM · unset to 937997256.0
    Sep 12, 2017 to Dec 14, 2017
  • Individual RAUM · unset to 0.0
    Sep 12, 2017 to Dec 14, 2017
  • Pension RAUM · unset to 0.0
    Sep 12, 2017 to Dec 14, 2017
  • Pooled vehicle RAUM · unset to 0.0
    Sep 12, 2017 to Dec 14, 2017
  • Accounts · 2,603 to 2,386
    Sep 20, 2016 to Mar 31, 2017
  • Advisory employees · 15 to 14
    Sep 20, 2016 to Mar 31, 2017
  • Assets in custody · $5.1M to $10.3M
    Sep 20, 2016 to Mar 31, 2017
  • Employees · 30 to 36
    Sep 20, 2016 to Mar 31, 2017
  • State-registered IARs · 10 to 11
    Sep 20, 2016 to Mar 31, 2017
  • Discretionary RAUM · $782M to $862M
    Sep 20, 2016 to Mar 31, 2017
  • Non-discretionary RAUM · $47.1M to $31.9M
    Sep 20, 2016 to Mar 31, 2017
  • RAUM · $829M to $894M
    Sep 20, 2016 to Mar 31, 2017
  • Accounts · 1,512 to 2,603
    Sep 10, 2015 to Mar 30, 2016
  • Advisory employees · 12 to 15
    Sep 10, 2015 to Mar 30, 2016
  • Assets in custody · $4.5M to $5.1M
    Sep 10, 2015 to Mar 30, 2016
  • Employees · 28 to 30
    Sep 10, 2015 to Mar 30, 2016
  • Financial planning clients · 251-500 to More than 500
    Sep 10, 2015 to Mar 30, 2016
  • State-registered IARs · 6 to 10
    Sep 10, 2015 to Mar 30, 2016
  • Discretionary RAUM · $663M to $782M
    Sep 10, 2015 to Mar 30, 2016
  • Non-discretionary RAUM · $40.4M to $47.1M
    Sep 10, 2015 to Mar 30, 2016
  • RAUM · $703M to $829M
    Sep 10, 2015 to Mar 30, 2016
  • Accounts · 1,126 to 1,512
    Dec 11, 2014 to Mar 31, 2015
  • Advisory employees · 8 to 12
    Dec 11, 2014 to Mar 31, 2015
  • Assets in custody · $3.9M to $4.5M
    Dec 11, 2014 to Mar 31, 2015
  • Employees · 24 to 28
    Dec 11, 2014 to Mar 31, 2015
  • Financial planning clients · 101-250 to 251-500
    Dec 11, 2014 to Mar 31, 2015
  • State-registered IARs · 5 to 6
    Dec 11, 2014 to Mar 31, 2015
  • Discretionary RAUM · $446M to $663M
    Dec 11, 2014 to Mar 31, 2015
  • Non-discretionary RAUM · $23.3M to $40.4M
    Dec 11, 2014 to Mar 31, 2015
  • RAUM · $470M to $703M
    Dec 11, 2014 to Mar 31, 2015
  • Accounts · 886 to 1,126
    Apr 1, 2013 to Mar 28, 2014
  • Advisory employees · 7 to 8
    Apr 1, 2013 to Mar 28, 2014
  • Assets in custody · $3.1M to $3.9M
    Apr 1, 2013 to Mar 28, 2014
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