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

Dfpg Investments, LLC

Former SEC-registered adviserSandy, UtahCRD 155576SEC 801-107896IAPD
Latest filing Mar 29, 2024
First filing on the tape May 20, 2016 · 54 filings
RAUM
n/a
reported, Item 5.F
Discretionary
n/a
of RAUM
Private clients
n/a
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
20
0 advisory (5.B.1)
Offices
25
beyond the principal office
Private funds
0
reported on Schedule D
History
54 filings and snapshots on the tape
RAUM$2.0B as of Mar 31, 2023
Mar 29, 2017$241M then
HNW client RAUM$0 as of Mar 29, 2024
Mar 29, 2018$163M then
State-registered IARs (5.B.3)20 as of Mar 29, 2024
Mar 29, 201718 then
Employees (5.A)20 as of Mar 29, 2024
Mar 29, 201729 then
Private funds: no history
RAUM n/a over the last fiscal yearIARs 54 to 20offices 23 to 25
Practice profile
derived from the filing of Mar 29, 2024; every figure names its basis
RAUM per advisor
unknownderivedRAUM 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
unknownderivedRAUM over accounts (5.F.2.f)
Discretionary
unknownderivedof RAUM
Institutional
unknownderivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
0.8derived26 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween the last two annual amendments
Advisor growth, one year
-63%derivedItem 5.B.3 between annual amendments
Client growth, one year
-100%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
yesreportedItem 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
  • is a broker-dealer (6.A.1)
  • is an insurance broker or agent (6.A.6)
  • 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)
  • 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
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
n/areported
Financial planning clients
1-10reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$0 for 0 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
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
  • John Bradley Anderson · Chief Compliance Officercontrol
    since 11/2020 · owns less than 5%
  • Michael Allan Bendix · Ceocontrol
    since 01/2013 · owns less than 5%
  • David Ryan Laga · Cfo & Coocontrol
    since 02/2016 · owns less than 5%
  • Daniel James Luke · Director & Gspcontrol
    since 01/2013 · owns less than 5%
  • Ryan Omer Smith · Presidentcontrol
    since 01/2013 · owns less than 5%
  • Michael Allan Bendix · Membercontrol
    since 07/2019 · owns 75% or more of Springwood Capital, LLC
  • David Ryan Laga · Membercontrol
    since 07/2019 · owns 75% or more of Multnomah Capital, LLC
  • Daniel James Luke · Trusteecontrol
    since 07/2019 · owns 75% or more of The Daniel J. Luke Trust
  • Ryan Omer Smith · Trusteecontrol
    since 07/2019 · owns 75% or more of R. Omer Smith Revocable Trust
  • Charles Richard Badalamenti · Finop
    since 10/2010 · owns less than 5%
Entity owners
  • Falcon Park Capital, LLC · Limited Liability Company
    direct · owns 75% or more
  • Anjanahary Capital, LLC · Member
    indirect · owns 25% to 50% of Falcon Park Capital, LLC
  • Atitlan Capital, LLC · Member
    indirect · owns 25% to 50% of Falcon Park Capital, LLC
  • Daniel J Luke Trustee, Daniel J Luke Trust · Member
    indirect · owns 75% or more of Atitlan Capital, LLC
  • Multnomah Capital, LLC · Member
    indirect · owns F of Falcon Park Capital, LLC
  • Ryan O Smith Trustee, R. Omer Smith Rev Trust · Member
    indirect · owns 75% or more of Anjanahary Capital, LLC
  • Springwood Capital, LLC · Member
    indirect · owns 25% to 50% of Falcon Park Capital, LLC
Related persons
Schedule D 7.A
Advisers that list Dfpg Investments, LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Ashburn, Va000
Bethlehem, Pa000
La Canada, Ca000
Lehi, Ut000
Lewes, De000
Logan, Ut000
Rancho Santa Fe, Ca000
Salt Lake City, Ut000
San Jose, Ca000
Sandy, Ut · principal000
Santa Rosa, Ca000
South Jordan, Ut000
Thatcher, Az000
Prosper, Tx000
Offices
Schedule D 1.F, the 25 largest
  • Sandy, UT7 employees
  • San Jose, CA6 employees
  • Thatcher, AZ3 employees
  • Orem, UT3 employees
  • Lewes, DE3 employees
  • Los Angeles, CA3 employees
  • Dover, DE2 employees
  • Rancho Sante Fe, CA2 employees
  • Orange, CA2 employees
  • Bethlehem, PA2 employees
  • Newport Beach, CA2 employees
  • Santa Rosa, CA2 employees
  • , 1 employees
  • , 1 employees
  • Salt Lake City, UT1 employees
  • , 1 employees
  • Greenville, SC1 employees
  • Dallas, TX1 employees
  • Pocatello, ID1 employees
  • Medford, OR1 employees
  • Logan, UT1 employees
  • Decatur, AL1 employees
  • , 1 employees
  • , 1 employees
  • Irvine, CA1 employees
What changed
consecutive filings, newest first
  • Accounts · 10642.0 to unset
    Jan 19, 2024 to Mar 29, 2024
  • Advisory employees · 87 to 0
    Jan 19, 2024 to Mar 29, 2024
  • BD registered reps · 127 to 20
    Jan 19, 2024 to Mar 29, 2024
  • Corporate clients · 54 to 0
    Jan 19, 2024 to Mar 29, 2024
  • HNW clients · 2,088 to 0
    Jan 19, 2024 to Mar 29, 2024
  • Individual clients · 4,603 to 0
    Jan 19, 2024 to Mar 29, 2024
  • Pension plan clients · 540 to 0
    Jan 19, 2024 to Mar 29, 2024
  • Assets in custody · $259M to $0
    Jan 19, 2024 to Mar 29, 2024
  • Employees · 156 to 20
    Jan 19, 2024 to Mar 29, 2024
  • Insurance-licensed employees · 6 to 20
    Jan 19, 2024 to Mar 29, 2024
  • State-registered IARs · 54 to 20
    Jan 19, 2024 to Mar 29, 2024
  • Discretionary RAUM · 2006029864.0 to unset
    Jan 19, 2024 to Mar 29, 2024
  • HNW RAUM · $1.3B to $0
    Jan 19, 2024 to Mar 29, 2024
  • Individual RAUM · $528M to $0
    Jan 19, 2024 to Mar 29, 2024
  • Non-discretionary RAUM · 3702466.0 to unset
    Jan 19, 2024 to Mar 29, 2024
  • Pension RAUM · $132M to $0
    Jan 19, 2024 to Mar 29, 2024
  • RAUM · 2009732330.0 to unset
    Jan 19, 2024 to Mar 29, 2024
  • Other offices · 24 to 25
    Jul 27, 2023 to Sep 14, 2023
  • Other offices · 23 to 24
    Jul 6, 2023 to Jul 20, 2023
  • Assets in custody · $72.3M to $259M
    May 11, 2023 to May 24, 2023
  • Accounts · 5,531 to 10,642
    Mar 20, 2023 to Mar 31, 2023
  • Advisory employees · 54 to 87
    Mar 20, 2023 to Mar 31, 2023
  • Corporate clients · 25 to 54
    Mar 20, 2023 to Mar 31, 2023
  • HNW clients · 1,755 to 2,088
    Mar 20, 2023 to Mar 31, 2023
  • Individual clients · 3,470 to 4,603
    Mar 20, 2023 to Mar 31, 2023
  • Pension plan clients · 281 to 540
    Mar 20, 2023 to Mar 31, 2023
  • Employees · 131 to 156
    Mar 20, 2023 to Mar 31, 2023
  • Insurance-licensed employees · 2 to 6
    Mar 20, 2023 to Mar 31, 2023
  • Discretionary RAUM · $1.1B to $2.0B
    Mar 20, 2023 to Mar 31, 2023
  • HNW RAUM · $679M to $1.3B
    Mar 20, 2023 to Mar 31, 2023
  • Individual RAUM · $281M to $528M
    Mar 20, 2023 to Mar 31, 2023
  • Non-discretionary RAUM · $3.4M to $3.7M
    Mar 20, 2023 to Mar 31, 2023
  • Pension RAUM · $106M to $132M
    Mar 20, 2023 to Mar 31, 2023
  • RAUM · $1.1B to $2.0B
    Mar 20, 2023 to Mar 31, 2023
  • Wrap assets (manager) · $205M to $0
    Mar 20, 2023 to Mar 31, 2023
  • Wrap assets (sponsor) · $205M to $0
    Mar 20, 2023 to Mar 31, 2023
  • Other offices · 21 to 23
    Dec 13, 2022 to Jan 11, 2023
  • Other offices · 19 to 21
    Sep 15, 2022 to Nov 1, 2022
  • Related adviser · false to true
    Mar 29, 2022 to Apr 14, 2022
  • Accounts · 3,688 to 5,531
    Jan 10, 2022 to Mar 29, 2022
Signals
58 dated events
  • Janice Marie Powell left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-09-15)
    Jul 12, 2024 · Advisor changed firm · fact
  • Dfpg Investments, Llc reported 20 state-registered advisory representatives, down from 54 (2024-01-19 to 2024-03-29)
    Mar 29, 2024 · Advisor headcount change · derived
  • Daniel Allan Teague left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-09-15)
    Feb 9, 2024 · Advisor changed firm · fact
  • Daniel Gerald Gomez left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2024-01-12)
    Feb 9, 2024 · Advisor changed firm · fact
  • Eric Koford left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-09-15)
    Feb 9, 2024 · Advisor changed firm · fact
  • Charles Elmer Sorensen left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-09-15)
    Feb 9, 2024 · Advisor changed firm · fact
  • Charles Chadwick Campbell left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-09-26)
    Feb 8, 2024 · Advisor changed firm · fact
  • Peter R Burnham left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2024-01-02)
    Feb 8, 2024 · Advisor changed firm · fact
  • Christopher Layton Claridge left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-12-18)
    Feb 8, 2024 · Advisor changed firm · fact
  • Dfpg Investments, LLC's advisors moved to Diversify Advisory Services, LLC (Sandy, UT): 5 of 8 registered, a day apart
    Feb 8, 2024 · Firm absorbed (people side) · derived
  • Robin Leon Andersen left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-09-15)
    Jan 2, 2024 · Advisor changed firm · fact
  • Leon Chang Soo Kim left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-09-13)
    Jan 2, 2024 · Advisor changed firm · fact
  • Laura Elizabeth Balback left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-09-25)
    Jan 2, 2024 · Advisor changed firm · fact
  • Moriah Ranade left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2024-01-02)
    Jan 2, 2024 · Advisor changed firm · fact
  • Richard Kim left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-09-13)
    Jan 2, 2024 · Advisor changed firm · fact
  • Eddie Ghabour left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-09-27)
    Jan 2, 2024 · Advisor changed firm · fact
  • David J Ali left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-09-25)
    Jan 2, 2024 · Advisor changed firm · fact
  • Breanne Nicole Polonia left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-12-07)
    Jan 2, 2024 · Advisor changed firm · fact
  • Michael Mccabe left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-10-12)
    Jan 2, 2024 · Advisor changed firm · fact
  • Anthony Angelo Cipolla left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-10-03)
    Jan 2, 2024 · Advisor changed firm · fact
  • Joseph Albert Ghabour left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-09-26)
    Jan 2, 2024 · Advisor changed firm · fact
  • Michael Thomas Redmond left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-10-03)
    Jan 2, 2024 · Advisor changed firm · fact
  • Tyler Haskell left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-09-15)
    Jan 2, 2024 · Advisor changed firm · fact
  • Haddy Alexander Homampour left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-12-07)
    Jan 2, 2024 · Advisor changed firm · fact
  • David Jay Wrigley left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-09-15)
    Jan 2, 2024 · Advisor changed firm · fact
  • Bryan Sonderby left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-12-08)
    Jan 2, 2024 · Advisor changed firm · fact
  • Noah Kamuela Beecher left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2025-01-01)
    Jan 2, 2024 · Advisor changed firm · fact
  • Adilene Calixtro left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-10-03)
    Dec 31, 2023 · Advisor changed firm · fact
  • Anthony Al Nasser left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-12-22)
    Dec 31, 2023 · Advisor changed firm · fact
  • James Anthony Serratelli left Dfpg Investments, Llc for Diversify Advisory Services, Llc (registered 2023-12-08)
    Dec 31, 2023 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
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

Dfpg Investments, LLC 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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