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

Duncan Financial

Former SEC-registered adviserCarlsbad, CaliforniaCRD 155836SEC 801-72027IAPD
Legal name Duncan Investment Advisors, Inc.
Latest filing Aug 12, 2015
First filing on the tape Feb 8, 2012 · 12 filings
RAUM
$237M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
7
2 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$237M as of Mar 27, 2015
Feb 8, 2012$153M then
HNW client RAUM: no history
State-registered IARs (5.B.3)3 as of Mar 27, 2015
Feb 8, 20120 then
Employees (5.A)7 as of Mar 27, 2015
Mar 11, 20138 then
Private funds: no history
RAUM +8.8% over the last fiscal year+16% a year over threeIARs 4 to 3
Practice profile
derived from the filing of Aug 12, 2015; every figure names its basis
RAUM per advisor
$78.9MderivedRAUM 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
$328,278derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.3derivedItem 5.A over advisors
Advisors per office
1.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+8.8%derivedbetween the last two annual amendments
Advisor growth, one year
-25%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, 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)
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
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
721reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
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
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
    • George Charles Duncan · President And Chief Compliance Officercontrol
      since 11/2010 · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    • San Diego, CA
    What changed
    consecutive filings, newest first
    • Accounts · 714 to 721
      Nov 18, 2014 to Mar 27, 2015
    • Advisory employees · 3 to 2
      Nov 18, 2014 to Mar 27, 2015
    • BD registered reps · 6 to 5
      Nov 18, 2014 to Mar 27, 2015
    • State-registered IARs · 4 to 3
      Nov 18, 2014 to Mar 27, 2015
    • Discretionary RAUM · $218M to $237M
      Nov 18, 2014 to Mar 27, 2015
    • RAUM · $218M to $237M
      Nov 18, 2014 to Mar 27, 2015
    • Business name · DUNCAN INVESTMENT ADVISORS, INC. to DUNCAN FINANCIAL
      Feb 27, 2014 to Apr 28, 2014
    • Accounts · 677 to 714
      Dec 16, 2013 to Feb 27, 2014
    • BD registered reps · 5 to 6
      Dec 16, 2013 to Feb 27, 2014
    • Employees · 8 to 7
      Dec 16, 2013 to Feb 27, 2014
    • Discretionary RAUM · $191M to $218M
      Dec 16, 2013 to Feb 27, 2014
    • RAUM · $191M to $218M
      Dec 16, 2013 to Feb 27, 2014
    • Commission compensation · true to false
      Sep 26, 2013 to Dec 16, 2013
    • Advisory activities · 4 to 3
      Mar 11, 2013 to Sep 26, 2013
    • Accounts · 534 to 677
      Feb 8, 2012 to Mar 11, 2013
    • Advisory employees · unset to 3.0
      Feb 8, 2012 to Mar 11, 2013
    • BD registered reps · unset to 5.0
      Feb 8, 2012 to Mar 11, 2013
    • Employees · unset to 8.0
      Feb 8, 2012 to Mar 11, 2013
    • State-registered IARs · 0 to 4
      Feb 8, 2012 to Mar 11, 2013
    • Discretionary RAUM · $153M to $191M
      Feb 8, 2012 to Mar 11, 2013
    • RAUM · $153M to $191M
      Feb 8, 2012 to Mar 11, 2013
    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