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

Independence Advisors, LLC

Former SEC-registered adviserWayne, PennsylvaniaCRD 153687SEC 801-71449IAPD
Latest filing Jul 1, 2020
First filing on the tape Mar 27, 2012 · 20 filings
RAUM
$1.3B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
93%
$1.2B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
13
11 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$1.3B as of Feb 20, 2020
Mar 27, 2012$410M then
HNW client RAUM$1.2B as of Feb 20, 2020
Mar 19, 2018$812M then
State-registered IARs (5.B.3)10 as of Feb 20, 2020
Mar 22, 20136 then
Employees (5.A)13 as of Feb 20, 2020
Mar 22, 20137 then
Private funds: no history
RAUM +43% over the last fiscal year+16% a year over threeIARs 9 to 10
Practice profile
derived from the filing of Jul 1, 2020; every figure names its basis
RAUM per advisor
$132MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
35derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$5.5MderivedHNW RAUM over HNW clients
Average account
$862,098derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
6.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
10.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+43%derivedbetween the last two annual amendments
Advisor growth, one year
+11%derivedItem 5.B.3 between annual amendments
Client growth, one year
+8.3%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, otherreportedItem 5.G
Custody
$42.8M, 43 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.2B89%
  • Pension and profit-sharing plans$57.9M4.4%
  • Individuals$51.1M3.9%
  • Charitable organizations$33.4M2.5%
  • Corporations and businesses$7.1M0.5%
Individual clients
141reported
HNW clients
213reported
Pension plan clients
9reported
Charitable clients
9reported
Accounts
1,535reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$42.8M for 43 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
Joined, 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
    • Philip Charles Boinske · Managing Member, Presidentcontrol
      since 03/2010 · owns 75% or more
    • Ann Leslie Young · Chief Compliance Officercontrol
      since 01/2019 · 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 · 1,356 to 1,535
      Oct 18, 2019 to Feb 20, 2020
    • Advisory employees · 9 to 11
      Oct 18, 2019 to Feb 20, 2020
    • Charity clients · 7 to 9
      Oct 18, 2019 to Feb 20, 2020
    • HNW clients · 188 to 213
      Oct 18, 2019 to Feb 20, 2020
    • Individual clients · 139 to 141
      Oct 18, 2019 to Feb 20, 2020
    • Pension plan clients · 7 to 9
      Oct 18, 2019 to Feb 20, 2020
    • Assets in custody · $41.9M to $42.8M
      Oct 18, 2019 to Feb 20, 2020
    • Employees · 10 to 13
      Oct 18, 2019 to Feb 20, 2020
    • State-registered IARs · 9 to 10
      Oct 18, 2019 to Feb 20, 2020
    • Discretionary RAUM · $921M to $1.3B
      Oct 18, 2019 to Feb 20, 2020
    • HNW RAUM · $790M to $1.2B
      Oct 18, 2019 to Feb 20, 2020
    • Individual RAUM · $49.8M to $51.1M
      Oct 18, 2019 to Feb 20, 2020
    • Non-discretionary RAUM · $2.1M to $2.4M
      Oct 18, 2019 to Feb 20, 2020
    • Pension RAUM · $47.3M to $57.9M
      Oct 18, 2019 to Feb 20, 2020
    • RAUM · $923M to $1.3B
      Oct 18, 2019 to Feb 20, 2020
    • Accounts · 1,666 to 1,356
      Jan 3, 2019 to Feb 20, 2019
    • Advisory employees · 4 to 9
      Jan 3, 2019 to Feb 20, 2019
    • Corporate clients · 0.0 to unset
      Jan 3, 2019 to Feb 20, 2019
    • HNW clients · 190 to 188
      Jan 3, 2019 to Feb 20, 2019
    • Individual clients · 123 to 139
      Jan 3, 2019 to Feb 20, 2019
    • Pension plan clients · 8 to 7
      Jan 3, 2019 to Feb 20, 2019
    • Assets in custody · $43.7M to $41.9M
      Jan 3, 2019 to Feb 20, 2019
    • Discretionary RAUM · $939M to $921M
      Jan 3, 2019 to Feb 20, 2019
    • HNW RAUM · $812M to $790M
      Jan 3, 2019 to Feb 20, 2019
    • Individual RAUM · $47.2M to $49.8M
      Jan 3, 2019 to Feb 20, 2019
    • Non-discretionary RAUM · $2.4M to $2.1M
      Jan 3, 2019 to Feb 20, 2019
    • Pension RAUM · $50.2M to $47.3M
      Jan 3, 2019 to Feb 20, 2019
    • RAUM · $941M to $923M
      Jan 3, 2019 to Feb 20, 2019
    • Accounts · 1,480 to 1,666
      Mar 23, 2017 to Mar 19, 2018
    • Charity clients · unset to 7.0
      Mar 23, 2017 to Mar 19, 2018
    • Corporate clients · unset to 0.0
      Mar 23, 2017 to Mar 19, 2018
    • HNW clients · unset to 190.0
      Mar 23, 2017 to Mar 19, 2018
    • Individual clients · unset to 123.0
      Mar 23, 2017 to Mar 19, 2018
    • Pension plan clients · unset to 8.0
      Mar 23, 2017 to Mar 19, 2018
    • Pooled vehicle clients · unset to 0.0
      Mar 23, 2017 to Mar 19, 2018
    • Assets in custody · $35.9M to $43.7M
      Mar 23, 2017 to Mar 19, 2018
    • Employees · 9 to 10
      Mar 23, 2017 to Mar 19, 2018
    • State-registered IARs · 8 to 9
      Mar 23, 2017 to Mar 19, 2018
    • Other offices · unset to 0.0
      Mar 23, 2017 to Mar 19, 2018
    • Discretionary RAUM · $855M to $939M
      Mar 23, 2017 to Mar 19, 2018
    Signals
    3 dated events
    • Independence Advisors, Llc reported RAUM $1.3B, up 43% from $923.2M (2019-10-18 to 2020-02-20)
      Feb 20, 2020 · RAUM change · derived
    • Ann Leslie Young (Chief Compliance Officer) appeared on Schedule A of Independence Advisors, Llc
      Jan 3, 2019 · Control person joined · fact
    • Ann Barbara Richardson (Chief Compliance Officer) no longer on Schedule A of Independence Advisors, Llc (listed 2018-11-15, absent 2019-01-03)
      Jan 3, 2019 · Control person left · inference
    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