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
Medallion Wealth Advisors, LLC
Latest filing Mar 31, 2026
First filing on the tape Jun 14, 2019 · 14 filings
SEC status approved since Jul 15, 2019
RAUM
$517M
reported, Item 5.F
Discretionary
95%
of RAUM
Private clients
96%
$497M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$86.2M
derived; firm RAUM over IAPD count
Employees
7
4 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$517M as of Mar 31, 2026
Feb 5, 2020$172M then
HNW client RAUM$191M as of Mar 31, 2026
Feb 5, 2020$27.6M then
State-registered IARs (5.B.3)4 as of Mar 31, 2026
Feb 5, 20204 then
Employees (5.A)7 as of Mar 31, 2026
Feb 5, 20204 then
Private funds: no history
RAUM +27% over the last fiscal year+24% a year over threeIARs 5 to 4
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $86.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 411derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.8MderivedHNW RAUM over HNW clients
- Average account
- $208,104derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 95%derivedof RAUM
- Institutional
- 3.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 2.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +27%derivedbetween the last two annual amendments
- Advisor growth, one year
- -20%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +67%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, selection of other advisersreportedItem 5.G
- Wrap fee program
- $347MreportedItem 5.I
- 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 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$306M59%
- High-net-worth individuals$191M37%
- Charitable organizations$15.9M3.1%
- Corporations and businesses$2.7M0.5%
- Pension and profit-sharing plans$1.3M0.3%
- Individual clients
- 2,416reported
- HNW clients
- 51reported
- Pension plan clients
- 1reported
- Charitable clients
- 5reported
- Accounts
- 2,484reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- $347M sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.96 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=3.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Eric Thorson Cheyne | Farmington, Ct | Jan 31, 2011 | 29 y | 4 |
| Matthew L Woods WeberCertified Financial Planner | Farmington, Ct | Jan 10, 2013 | 19 y | 2 |
| Henry J Peterson | Farmington, Ct | Aug 18, 2015 | 13 y | 0 |
| Steven Tellar | Farmington, Ct | Mar 8, 2016 | 14 y | 1 |
| Scott G. Stevens | Farmington, Ct | Dec 6, 2018 | 36 y | 3 |
| Christian Williams | Philadelphia, Pa | May 14, 2026 | 11 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Jack Wilson Brown to Ameriprise Financial Services, LLCMay 24, 2022 · RIA to affiliated broker-dealer or bank
- William Joseph Lowrie to Pennington Partners & Co., LLCDec 5, 2017 · RIA to RIA
- Gary Anthony Kostowski to MML Investors Services, LLCJan 30, 2013 · Other
Joined, latest
- Scott G. Stevens from Raymond James & Associates, Inc.Dec 6, 2018 · Affiliated broker-dealer or bank to independent RIA
- Steven Tellar from Merrill Lynch, Pierce, Fenner & Smith IncorporatedMar 8, 2016 · Wirehouse to independent RIA
- Matthew L Woods Weber from Morgan StanleyJan 10, 2013 · Wirehouse to independent RIA
- Gary Anthony Kostowski from Kensington Management CoFeb 10, 2011 · Other
- Eric Thorson Cheyne from Merion Wealth Partners, LLCJan 31, 2011 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Thorson Eric Cheyne · President/Chief Compliance Officercontrolsince 12/2010 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Farmington, Ct · principal | 6 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Bristol, CT1 employees
- , 1 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- unusually high clients per advisorStatic outlier · filing Mar 31, 2026private clients per advisor of 411.2 against a peer median of 63.7 (1211 comparable advisers, 99.0th percentile, 9.3 robust deviations)peers: independent wealth managers, $500M to $1B (1,211) · 99% percentile
- account count surgeChange between filings · filing Mar 31, 2026accounts (Item 5.F.2.f) moved from 1,493.0 to 2,484.0 (+66.0%) between the annual amendments of 2025-03-07 and 2026-03-31; the peer median change was +6.0% (1256 comparable advisers, 96.0th percentile of changes)peers: independent wealth managers, $500M to $1B (1,256) · 96% percentile
- client count surgeChange between filings · filing Mar 31, 2026individual and HNW clients (Item 5.D) moved from 1,476.0 to 2,467.0 (+67.0%) between the annual amendments of 2025-03-07 and 2026-03-31; the peer median change was +5.0% (1216 comparable advisers, 98.0th percentile of changes)peers: independent wealth managers, $500M to $1B (1,216) · 98% percentile
What changed
consecutive filings, newest first
- Accounts · 1,493 to 2,484Mar 7, 2025 to Mar 31, 2026
- Advisory employees · 5 to 4Mar 7, 2025 to Mar 31, 2026
- BD registered reps · 4 to 3Mar 7, 2025 to Mar 31, 2026
- Charity clients · 4 to 5Mar 7, 2025 to Mar 31, 2026
- Corporate clients · 12 to 11Mar 7, 2025 to Mar 31, 2026
- HNW clients · 60 to 51Mar 7, 2025 to Mar 31, 2026
- Individual clients · 1,416 to 2,416Mar 7, 2025 to Mar 31, 2026
- Insurance-licensed employees · 0 to 3Mar 7, 2025 to Mar 31, 2026
- State-registered IARs · 5 to 4Mar 7, 2025 to Mar 31, 2026
- Discretionary RAUM · $384M to $491MMar 7, 2025 to Mar 31, 2026
- HNW RAUM · $155M to $191MMar 7, 2025 to Mar 31, 2026
- Individual RAUM · $232M to $306MMar 7, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $23.6M to $25.9MMar 7, 2025 to Mar 31, 2026
- Pension RAUM · $100,000 to $1.3MMar 7, 2025 to Mar 31, 2026
- RAUM · $407M to $517MMar 7, 2025 to Mar 31, 2026
- Wrap assets (sponsor) · $224M to $347MMar 7, 2025 to Mar 31, 2026
- Accounts · 1,449 to 1,493Feb 21, 2024 to Mar 7, 2025
- BD registered reps · 5 to 4Feb 21, 2024 to Mar 7, 2025
- HNW clients · 30 to 60Feb 21, 2024 to Mar 7, 2025
- Individual clients · 1,402 to 1,416Feb 21, 2024 to Mar 7, 2025
- Financial planning clients · 26-50 to 26-50Feb 21, 2024 to Mar 7, 2025
- Discretionary RAUM · $317M to $384MFeb 21, 2024 to Mar 7, 2025
- HNW RAUM · $37.0M to $155MFeb 21, 2024 to Mar 7, 2025
- Individual RAUM · $276M to $232MFeb 21, 2024 to Mar 7, 2025
- Non-discretionary RAUM · $12.1M to $23.6MFeb 21, 2024 to Mar 7, 2025
- RAUM · $329M to $407MFeb 21, 2024 to Mar 7, 2025
- Wrap assets (sponsor) · $212M to $224MFeb 21, 2024 to Mar 7, 2025
- Accounts · 1,961 to 1,449Mar 28, 2023 to Feb 21, 2024
- Advisory employees · 6 to 5Mar 28, 2023 to Feb 21, 2024
- BD registered reps · 6 to 5Mar 28, 2023 to Feb 21, 2024
- Charity clients · 3 to 4Mar 28, 2023 to Feb 21, 2024
- HNW clients · 29 to 30Mar 28, 2023 to Feb 21, 2024
- Individual clients · 1,305 to 1,402Mar 28, 2023 to Feb 21, 2024
- State-registered IARs · 6 to 5Mar 28, 2023 to Feb 21, 2024
- Discretionary RAUM · $257M to $317MMar 28, 2023 to Feb 21, 2024
- Individual RAUM · $199M to $276MMar 28, 2023 to Feb 21, 2024
- Non-discretionary RAUM · $12.9M to $12.1MMar 28, 2023 to Feb 21, 2024
- RAUM · $270M to $329MMar 28, 2023 to Feb 21, 2024
- Wrap assets (sponsor) · $257M to $212MMar 28, 2023 to Feb 21, 2024
- Accounts · 26 to 1,961Mar 24, 2022 to Mar 28, 2023
Signals
3 dated events
- Medallion Wealth Advisors, Llc reported RAUM $516.9M, up 27% from $407.4M (2025-03-07 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- Jack Wilson Brown left Medallion Wealth Advisors, Llc for Ameriprise Financial Services, Llc (registered 2022-07-19)May 24, 2022 · Advisor changed firm · fact
- Medallion Wealth Advisors, Llc filed its initial SEC registration (Form ADV)Jun 14, 2019 · First SEC registration · fact
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
- Firm profile
- linkedin.com/company/medallion-wealth-advisors/aboutreportedpublic record, Form ADV, Sep 17, 2026
- Website
- MEDALLIONWEALTH.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 860-967-3032reportedpublic record, Form ADV, Mar 31, 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
- $86.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026