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
Apex Financial Advisors, Inc
Latest filing Mar 27, 2025
First filing on the tape Feb 3, 2012 · 27 filings
SEC status approved since Oct 7, 2010
RAUM
$505M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
37%
$187M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
10
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
8
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$505M as of Mar 27, 2025
Feb 3, 2012$135M then
HNW client RAUM$187M as of Mar 27, 2025
Feb 26, 2018$257M then
State-registered IARs (5.B.3)2 as of Mar 27, 2025
Feb 3, 20120 then
Employees (5.A)10 as of Mar 27, 2025
Mar 11, 20138 then
Private funds8 as of Mar 27, 2025
Feb 28, 20172 then
RAUM -6.1% over the last fiscal year+4.4% a year over threeIARs 4 to 2
Practice profile
derived from the filing of Mar 27, 2025; every figure names its basis
- RAUM per advisor
- $253MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.1MderivedHNW RAUM over HNW clients
- Average account
- $1.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 1.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 5.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -6.1%derivedbetween the last two annual amendments
- Advisor growth, one year
- -50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, hourly, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisers, otherreportedItem 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)
- 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
- Investment companies$313M62%
- High-net-worth individuals$187M37%
- Pension and profit-sharing plans$5.7M1.1%
- Individual clients
- n/areported
- HNW clients
- 89reported
- Pension plan clients
- 1reported
- Charitable clients
- n/areported
- Accounts
- 410reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourly, performancereported
- 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
3 left, 0 joined in 12 months
net -3 in 12 months0 left in 90 days0 joined in 90 days4 left over 36 months
Left, latest
- Christine Mary Ahearn to Aeternitas Investment Management, LLCDec 23, 2025 · RIA to RIA
- Joseph Russell Weidenburner to Aeternitas Investment Management, LLCDec 23, 2025 · RIA to RIA
- Peter J Keenan to Beacon Bridge Wealth Partners, LLCDec 15, 2025 · RIA to RIA
- Stuart Andrew Caplan to Members Wealth LLCSep 16, 2024 · RIA to RIA
- Daniele Beasley to One Capital Management, LLCOct 25, 2021 · RIA to RIA
- William F Davis to Prism Advisory Group, LLCMay 19, 2016 · Other
Joined, latest
- Peter J Keenan from Vanguard Advisers, Inc.May 20, 2025 · Affiliated broker-dealer or bank to independent RIA
- Daniele Beasley from TwentyJan 5, 2021 · Other
- Joseph Russell Weidenburner from Jrw Financial LLCJan 23, 2017 · Other
- Christine Mary Ahearn from Merrill Lynch, Pierce, Fenner & Smith IncorporatedNov 15, 2016 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for Aeternitas Investment Management, LLCDec 23, 2025 · Yardley, Pa
Private funds
8 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Afagv LLC | Real Estate Fund | $81.7M | 41 | Sep 12, 2017 |
| Afabj LLC | Real Estate Fund | $53.1M | 50 | Nov 8, 2016 |
| Afaloc LLC | Real Estate Fund | $39.9M | 36 | Mar 20, 2023 |
| Afamar LLC | Real Estate Fund | $34.4M | 23 | Feb 27, 2020 |
| Afablu LLC | Real Estate Fund | $32.0M | 19 | Mar 16, 2021 |
| Afakop LLC | Real Estate Fund | $25.7M | 21 | Feb 28, 2017 |
| Afacor LLC | Real Estate Fund | $23.0M | 14 | Mar 29, 2024 |
| Afasau LLC | Real Estate Fund | $21.0M | 21 | Mar 16, 2021 |
Owners and control persons
Schedule A and B, latest filing
- Alan Robert Connell · Chief Executive Officercontrolsince 09/2010 · owns 75% or more
- Russell Joseph Weidenburner · Chief Operating Officer; Chief Compliance Officersince 01/2021 · owns less than 5%
Related persons
Schedule D 7.A
- Afa Real Estate Partners LLCpooled vehicle sponsorn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Yardley, Pa · principal | 0 | 0 | 3 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 553 to 410Sep 16, 2024 to Mar 27, 2025
- HNW clients · 105 to 89Sep 16, 2024 to Mar 27, 2025
- Employees · 8 to 10Sep 16, 2024 to Mar 27, 2025
- Financial planning clients · 101-250 to 101-250Sep 16, 2024 to Mar 27, 2025
- Discretionary RAUM · $531M to $499MSep 16, 2024 to Mar 27, 2025
- HNW RAUM · $214M to $187MSep 16, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $7.3M to $5.7MSep 16, 2024 to Mar 27, 2025
- Pension RAUM · $13.6M to $5.7MSep 16, 2024 to Mar 27, 2025
- RAUM · $538M to $505MSep 16, 2024 to Mar 27, 2025
- Advisory employees · 4 to 2Mar 29, 2024 to Sep 16, 2024
- State-registered IARs · 4 to 2Mar 29, 2024 to Sep 16, 2024
- Accounts · 581 to 553Feb 20, 2024 to Mar 29, 2024
- Advisory employees · 3 to 4Feb 20, 2024 to Mar 29, 2024
- HNW clients · 92 to 105Feb 20, 2024 to Mar 29, 2024
- Pension plan clients · 3 to 1Feb 20, 2024 to Mar 29, 2024
- State-registered IARs · 3 to 4Feb 20, 2024 to Mar 29, 2024
- Private funds · 7 to 8Feb 20, 2024 to Mar 29, 2024
- Discretionary RAUM · $467M to $531MFeb 20, 2024 to Mar 29, 2024
- HNW RAUM · $195M to $214MFeb 20, 2024 to Mar 29, 2024
- Non-discretionary RAUM · $4.0M to $7.3MFeb 20, 2024 to Mar 29, 2024
- Pension RAUM · $16.1M to $13.6MFeb 20, 2024 to Mar 29, 2024
- RAUM · $471M to $538MFeb 20, 2024 to Mar 29, 2024
- Accounts · 572 to 581Mar 7, 2022 to Mar 20, 2023
- HNW clients · 84 to 92Mar 7, 2022 to Mar 20, 2023
- Private funds · 6 to 7Mar 7, 2022 to Mar 20, 2023
- Discretionary RAUM · $439M to $467MMar 7, 2022 to Mar 20, 2023
- HNW RAUM · $193M to $195MMar 7, 2022 to Mar 20, 2023
- Non-discretionary RAUM · $4.8M to $4.0MMar 7, 2022 to Mar 20, 2023
- RAUM · $444M to $471MMar 7, 2022 to Mar 20, 2023
- Accounts · 527 to 572Mar 16, 2021 to Mar 7, 2022
- Advisory employees · 4 to 3Mar 16, 2021 to Mar 7, 2022
- HNW clients · 80 to 84Mar 16, 2021 to Mar 7, 2022
- Employees · 9 to 8Mar 16, 2021 to Mar 7, 2022
- State-registered IARs · 4 to 3Mar 16, 2021 to Mar 7, 2022
- Discretionary RAUM · $360M to $439MMar 16, 2021 to Mar 7, 2022
- HNW RAUM · $156M to $193MMar 16, 2021 to Mar 7, 2022
- Non-discretionary RAUM · $3.6M to $4.8MMar 16, 2021 to Mar 7, 2022
- Pension RAUM · $14.8M to $16.1MMar 16, 2021 to Mar 7, 2022
- RAUM · $364M to $444MMar 16, 2021 to Mar 7, 2022
- Accounts · 529 to 527Jun 29, 2020 to Mar 16, 2021
Signals
6 dated events
- Apex Financial Advisors, Inc no longer on the SEC adviser roster (last listed 2026-01-02, RAUM $505.1M)Feb 2, 2026 · Left the SEC roster · derived
- Joseph Russell Weidenburner left Apex Financial Advisors, Inc for Aeternitas Investment Management, Llc (registered 2025-10-31)Dec 23, 2025 · Advisor changed firm · fact
- Christine Mary Ahearn left Apex Financial Advisors, Inc for Aeternitas Investment Management, Llc (registered 2026-01-30)Dec 23, 2025 · Advisor changed firm · fact
- 2 advisors left Apex Financial Advisors, Inc (Yardley, PA) for Aeternitas Investment Management, LLC on the same dayDec 23, 2025 · Team lift-out · derived
- Peter J Keenan left Apex Financial Advisors, Inc for Beacon Bridge Wealth Partners, Llc (registered 2025-12-15)Dec 15, 2025 · Advisor changed firm · fact
- Stuart Andrew Caplan left Apex Financial Advisors, Inc for Members Wealth Llc (registered 2024-09-11)Sep 16, 2024 · Advisor changed firm · fact
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
Across the graphs
Apex Financial Advisors, Inc is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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