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

Sb Advisory, LLC

Independent wealth managerAtlanta, GeorgiaCRD 154680SEC 801-77380websiteIAPD
Latest filing Jun 29, 2026
First filing on the tape Nov 13, 2012 · 64 filings
SEC status approved since Dec 4, 2012
RAUM
$1.1B
reported, Item 5.F
Discretionary
1.0%
of RAUM
Private clients
58%
$639M individuals and HNW
Advisors
36
registered through the firm on IAPD
RAUM per advisor
$30.6M
derived; firm RAUM over IAPD count
Employees
35
30 advisory (5.B.1)
Offices
29
beyond the principal office
Private funds
0
reported on Schedule D
History
64 filings and snapshots on the tape
RAUM$1.1B as of Jun 29, 2026
Mar 28, 2013$20.0M then
HNW client RAUM$270M as of Jun 29, 2026
Feb 26, 2018$8.1M then
State-registered IARs (5.B.3)34 as of Jun 29, 2026
Mar 28, 20139 then
Employees (5.A)35 as of Jun 29, 2026
Mar 28, 201310 then
Private funds: 1
RAUM +285% over the last fiscal year+65% a year over threeIARs 29 to 34offices 22 to 29
Practice profile
derived from the filing of Jun 29, 2026; every figure names its basis
Archetypes, each a printed rule
RAUM per advisor
$30.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
73derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.4MderivedHNW RAUM over HNW clients
Average account
$1.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
1.0%derivedof RAUM
Institutional
41%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
1.2derived30 offices incl. principal (1.F.5)
RAUM growth, one year
+42%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+51%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 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)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Charitable organizations$437M40%
  • Individuals$369M34%
  • High-net-worth individuals$270M25%
  • Corporations and businesses$13.7M1.2%
  • Pension and profit-sharing plans$10.4M0.9%
Individual clients
2,521reported
HNW clients
113reported
Pension plan clients
35reported
Charitable clients
35reported
Accounts
942reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.58 fund_share=0.0 institutional_share=0.41 related_bd=true related_bank=false bd_reps=23.0derived
Advisors registered through the firm
36 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Jeffrey Mark BowmanScottsdale, Az Nov 8, 201639 y1
Hyacinth Renee SikesAtlanta, Ga Jan 10, 202023 y1
Charles Allen BirbaraWest Hartford, Ct Jan 13, 202131 y2
Robert Michael BullochAtlanta, Ga Jan 19, 202131 y5
Alexys Ulando MckenzieAtlanta, GaMar 17, 202130 y1
Maurice Lawrence NaylonChartered Financial ConsultantAtlanta, Ga Apr 28, 202142 y0
Dennis Chung Kuo KuLewis Center, Oh Dec 20, 202122 y2
Michael David MohlmanAtlanta, Ga Jan 20, 202227 y5
Douglas Evan GreenbergAtlanta, Ga Aug 19, 202229 y4
James L WorkmanMantua, Nj Nov 15, 202225 y1
Matthew Thomas BumsteadAtlanta, Ga Sep 6, 202322 y3
Taylor Elizabeth BauerbandToms River, Nj Jan 26, 202412 y0
Frank E LumpuyMiami, Fl Jun 3, 202435 y2
Shawn Conan SpellacyCarmichael, Ca Jul 2, 202434 y1
Matthew Robert ClappAtlanta, Ga Aug 23, 202421 y1
Kimson Huu CaoCertified Financial PlannerHouston, Tx Oct 21, 202422 y2
Jeffrey Rodriguez-AponteAtlanta, Ga Nov 13, 202423 y3
Jonathan Edward GrabeAtlanta, Ga Jan 1, 202524 y3
Alan Lee FeinbergAtlanta, Ga Jan 1, 202514 y2
John Burton RowoldtAtlanta, Ga Apr 16, 202525 y3
William Scarr ShefteAtlanta, Ga May 28, 202537 y2
John James ForsterAtlanta, Ga Jul 18, 202541 y3
Robert Linhart HughesTraverse City, Mi Jul 18, 202540 y2
Chelsey Lynn KosterTraverse City, Mi Jul 28, 202515 y2
Walter Macree HesterSarasota, Fl Sep 22, 202528 y1
Steven AibelAtlanta, Ga Oct 14, 202530 y2
Alec RissAtlanta, Ga Dec 5, 202510 y1
William John VlahoulisMills River, Nc Dec 23, 202537 y3
John CadenaAtlanta, Ga Jan 5, 202613 y0
Bruce Alfred BoutaChartered Financial ConsultantEden Prairie, Mn Jan 15, 202639 y2
Scott Ryan BabbittAtlanta, Ga Feb 6, 202626 y4
Steven Gregory PriceSt. Petersburg, Fl Mar 17, 202610 y1
Kevin William La MontAtlanta, Ga Jul 1, 202633 y8
Adam J GodinoAtlanta, Ga Aug 4, 202613 y0
Christopher Michael RoumayehLake Orion, Mi Aug 26, 202623 y2
Omar GanoomColumbus , Oh Sep 1, 202629 y5
Advisor movement
5 left, 9 joined in 12 months
net +4 in 12 months1 left in 90 days3 joined in 90 daysdeparture rate 14% of current headcount9 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
1 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
San Blas Fund, LPno longer reportedHedge Fund$200,0002Mar 11, 2015
Owners and control persons
Schedule A and B, latest filing
  • Ulando Alexys Mckenzie · Ceocontrol
    since 03/2007 · owns less than 5%
  • Daniel Padilla · Ccocontrol
    since 06/2021 · owns 10% to 25%
  • Ulando Alexys Mckenzie · Ceocontrol
    since 06/2015 · owns 75% or more of Ifs Group, Inc.
  • Peter Botero · Chief Compliance Officer
    since 05/2026 · owns less than 5%
Entity owners
  • Ifs Group, Inc. · Owner
    direct · owns 75% or more
Related persons
Schedule D 7.A
Advisers that list Sb Advisory, LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Atlanta, Ga · principal36133
Traverse City, Mi200
Houston, Tx210
Grand Rapids, Mi200
Phoenix, Az000
Indianapolis, In001
Winter Park, Fl001
Offices
Schedule D 1.F, the 25 largest
  • Cherry Hill, NJ1 employees
  • Johns Creek, GA1 employees
  • Miami Lakes, FL1 employees
  • Orion, MI1 employees
  • Toledo, OH1 employees
  • , 1 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Jun 29, 2026
    PADILLA, DANIEL (CCO) left Schedule A between the filings of 2021-08-11 and 2026-06-29
    peers: independent wealth managers, $1B to $5B (1,360)
  • client count surgeChange between filings · filing Jan 30, 2026
    individual and HNW clients (Item 5.D) moved from 1,045.0 to 1,574.0 (+51.0%) between the annual amendments of 2025-03-26 and 2026-01-30; the peer median change was +5.0% (1132 comparable advisers, 96.0th percentile of changes)
    peers: independent wealth managers, $1B to $5B (1,132) · 96% percentile
  • HNW share shiftChange between filings · filing Jan 30, 2026
    HNW share of RAUM moved from 16.0% to 37.0% between the annual amendments of 2025-03-26 and 2026-01-30
    peers: independent wealth managers, $1B to $5B (1,360)
Data quality: total accounts (5.F.2.f) is below the private client count (5.D) by half or more on the filing of 2026-06-29
What changed
consecutive filings, newest first
  • Accounts · 1,540 to 942
    May 18, 2026 to Jun 29, 2026
  • Advisory employees · 29 to 30
    May 18, 2026 to Jun 29, 2026
  • Charity clients · unset to 35.0
    May 18, 2026 to Jun 29, 2026
  • Corporate clients · unset to 28.0
    May 18, 2026 to Jun 29, 2026
  • HNW clients · 80 to 113
    May 18, 2026 to Jun 29, 2026
  • Individual clients · 1,494 to 2,521
    May 18, 2026 to Jun 29, 2026
  • Pension plan clients · unset to 35.0
    May 18, 2026 to Jun 29, 2026
  • Employees · 29 to 35
    May 18, 2026 to Jun 29, 2026
  • State-registered IARs · 29 to 34
    May 18, 2026 to Jun 29, 2026
  • Other offices · 22 to 29
    May 18, 2026 to Jun 29, 2026
  • Discretionary RAUM · $28.5M to $11.3M
    May 18, 2026 to Jun 29, 2026
  • HNW RAUM · $150M to $270M
    May 18, 2026 to Jun 29, 2026
  • Individual RAUM · $255M to $369M
    May 18, 2026 to Jun 29, 2026
  • Non-discretionary RAUM · $376M to $1.1B
    May 18, 2026 to Jun 29, 2026
  • Pension RAUM · unset to 10364690.0
    May 18, 2026 to Jun 29, 2026
  • RAUM · $405M to $1.1B
    May 18, 2026 to Jun 29, 2026
  • Accounts · 1,045 to 1,540
    Mar 26, 2025 to May 14, 2025
  • HNW clients · 66 to 80
    Mar 26, 2025 to May 14, 2025
  • Individual clients · 979 to 1,494
    Mar 26, 2025 to May 14, 2025
  • Financial planning clients · 1-10 to 1-10
    Mar 26, 2025 to May 14, 2025
  • Discretionary RAUM · $21.6M to $28.5M
    Mar 26, 2025 to May 14, 2025
  • HNW RAUM · $46.1M to $150M
    Mar 26, 2025 to May 14, 2025
  • Individual RAUM · $240M to $255M
    Mar 26, 2025 to May 14, 2025
  • Non-discretionary RAUM · $264M to $376M
    Mar 26, 2025 to May 14, 2025
  • RAUM · $286M to $405M
    Mar 26, 2025 to May 14, 2025
  • Other offices · 27 to 22
    Oct 18, 2024 to Mar 26, 2025
  • Accounts · 826 to 1,045
    Apr 3, 2023 to Apr 2, 2024
  • Advisory employees · 28 to 29
    Apr 3, 2023 to Apr 2, 2024
  • BD registered reps · 28 to 23
    Apr 3, 2023 to Apr 2, 2024
  • HNW clients · 51 to 66
    Apr 3, 2023 to Apr 2, 2024
  • Individual clients · 775 to 979
    Apr 3, 2023 to Apr 2, 2024
  • Employees · 30 to 29
    Apr 3, 2023 to Apr 2, 2024
  • Insurance-licensed employees · 5 to 6
    Apr 3, 2023 to Apr 2, 2024
  • State-registered IARs · 28 to 29
    Apr 3, 2023 to Apr 2, 2024
  • Discretionary RAUM · $46.5M to $21.6M
    Apr 3, 2023 to Apr 2, 2024
  • HNW RAUM · $105M to $46.1M
    Apr 3, 2023 to Apr 2, 2024
  • Individual RAUM · $142M to $240M
    Apr 3, 2023 to Apr 2, 2024
  • Non-discretionary RAUM · $200M to $264M
    Apr 3, 2023 to Apr 2, 2024
  • RAUM · $247M to $286M
    Apr 3, 2023 to Apr 2, 2024
  • Accounts · 698 to 826
    Mar 31, 2022 to Apr 3, 2023
Signals
36 dated events
  • Sb Advisory, Llc reported RAUM $1.1B, up 172% from $404.8M (2026-05-18 to 2026-06-29)
    Jun 29, 2026 · RAUM change · derived
  • Sb Advisory, Llc reported 29 offices beyond its principal office, up from 22 (2026-05-18 to 2026-06-29)
    Jun 29, 2026 · Office count change · derived
  • Stephen Alan Colavito left Sb Advisory, Llc for San Blas Advisory, Inc. (registered 2023-06-12)
    Jun 26, 2026 · Advisor changed firm · fact
  • Robert Louis Takacs left Sb Advisory, Llc for Unity Financial Planning Group Llc (registered 2026-02-25)
    Mar 27, 2026 · Advisor changed firm · fact
  • Ronald Litteral left Sb Advisory, Llc for San Blas Advisory, Inc. (registered 2025-11-06)
    Mar 23, 2026 · Advisor changed firm · fact
  • Benjamin Cory Treece left Sb Advisory, Llc for Unity Financial Planning Group Llc (registered 2025-11-25)
    Dec 2, 2025 · Advisor changed firm · fact
  • Paul Martin Walkington left Sb Advisory, Llc for Em Financial Services, Llc (registered 2025-10-23)
    Oct 22, 2025 · Advisor changed firm · fact
  • Michael Anthony Allen left Sb Advisory, Llc for Allen Financial Advisement, Inc. (registered 2025-11-03)
    Aug 19, 2025 · Advisor changed firm · fact
  • 2 advisors left Next Financial Group, Inc. (Grand Rapids, MI) for SB Advisory, LLC on the same day
    Jul 16, 2025 · Team lift-out · derived
  • Sb Advisory, Llc reported RAUM $404.8M, up 42% from $285.9M (2025-03-26 to 2025-05-14)
    May 14, 2025 · RAUM change · derived
  • Guilford Ward Nergard left Sb Advisory, Llc for Nergard Wealth Management, Llc (registered 2025-05-29)
    May 5, 2025 · Advisor changed firm · fact
  • Sb Advisory, Llc reported 22 offices beyond its principal office, down from 27 (2024-10-18 to 2025-03-26)
    Mar 26, 2025 · Office count change · derived
  • Mei Wang Davidson left Sb Advisory, Llc for Dcm Advisors, Llc (registered 2025-06-13)
    Oct 9, 2024 · Advisor changed firm · fact
  • David M Zane left Sb Advisory, Llc for Allstate Financial Advisors, Llc (registered 2025-02-10)
    Jun 4, 2024 · Advisor changed firm · fact
  • Blake Ryan Fowler left Sb Advisory, Llc for Kingswood Wealth Advisors, Llc (registered 2023-06-26)
    Jun 16, 2023 · Advisor changed firm · fact
  • Sb Advisory, Llc reported 27 offices beyond its principal office, up from 4 (2022-03-31 to 2023-04-03)
    Apr 3, 2023 · Office count change · derived
  • Clifford William Shirah left Sb Advisory, Llc for Cl Wealth Management Llc (registered 2023-02-02)
    Feb 1, 2023 · Advisor changed firm · fact
  • Eric Martin Ruth left Sb Advisory, Llc for Cl Wealth Management Llc (registered 2023-01-12)
    Jan 11, 2023 · Advisor changed firm · fact
  • Daniel Edward Peltier left Sb Advisory, Llc for Cl Wealth Management Llc (registered 2023-01-05)
    Jan 4, 2023 · Advisor changed firm · fact
  • Craig Allen Johnson left Sb Advisory, Llc for Cl Wealth Management Llc (registered 2023-01-05)
    Jan 4, 2023 · Advisor changed firm · fact
  • 2 advisors left SB Advisory, LLC (Atlanta, GA) for CL Wealth Management LLC on the same day
    Jan 4, 2023 · Team lift-out · derived
  • Jennifer Marie Duncan left Sb Advisory, Llc for Edward Jones (registered 2022-11-21)
    Oct 26, 2022 · Advisor changed firm · fact
  • David Alan Lakis left Sb Advisory, Llc for Cl Wealth Management Llc (registered 2022-08-16)
    Aug 17, 2022 · Advisor changed firm · fact
  • Mark D Elmore left Sb Advisory, Llc for Independent Financial Group, Llc (registered 2022-05-23)
    May 23, 2022 · Advisor changed firm · fact
  • Michael Kissi left Sb Advisory, Llc for Aegis Capital Corp. (registered 2022-04-04)
    Apr 4, 2022 · Advisor changed firm · fact
  • Sb Advisory, Llc reported RAUM $289.9M, up 136% from $122.6M (2021-08-11 to 2022-03-31)
    Mar 31, 2022 · RAUM change · derived
  • Sb Advisory, Llc reported 32 state-registered advisory representatives, up from 2 (2021-08-11 to 2022-03-31)
    Mar 31, 2022 · Advisor headcount change · derived
  • Thomas Joquinn Sadler (Coo & Cco) no longer on Schedule A of Sb Advisory, Llc (listed 2021-08-06, absent 2021-08-11)
    Aug 11, 2021 · Control person left · inference
  • Daniel Padilla (Cco) appeared on Schedule A of Sb Advisory, Llc
    Aug 11, 2021 · Control person joined · fact
  • Sb Advisory, Llc reported RAUM $136.9M, down 77% from $600.7M (2019-10-14 to 2020-02-06)
    Feb 6, 2020 · 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
Business phone
253-254-7527reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
253-478-7745reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
404-704-0706reportedpublished by the firm, firm site, Sep 16, 2026
Website
claritycap.netreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
404-704-0406reportedpublic record, Form ADV, Jun 29, 2026
Contact form
claritycap.net/contactreportedpublished by the firm, firm site, Sep 16, 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
$30.6Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026