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
Richard W. Paul & Associates, LLC
Latest filing Mar 25, 2026
First filing on the tape Jun 19, 2019 · 21 filings
SEC status approved since Jul 23, 2019
RAUM
$373M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$372M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$62.1M
derived; firm RAUM over IAPD count
Employees
8
6 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$373M as of Mar 25, 2026
Mar 30, 2020$172M then
HNW client RAUM$312M as of Mar 25, 2026
Mar 30, 2020$72.5M then
State-registered IARs (5.B.3)6 as of Mar 25, 2026
Mar 30, 20209 then
Employees (5.A)8 as of Mar 25, 2026
Mar 30, 202010 then
Private funds: no history
RAUM +15% over the last fiscal year+16% a year over threeIARs 7 to 6
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- RAUM per advisor
- $62.1MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 112derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $897,332derivedHNW RAUM over HNW clients
- Average account
- $212,433derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 2.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +15%derivedbetween the last two annual amendments
- Advisor growth, one year
- -14%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -63%derived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 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
- High-net-worth individuals$312M84%
- Individuals$60.2M16%
- Charitable organizations$364,1280.1%
- Individual clients
- 325reported
- HNW clients
- 348reported
- Pension plan clients
- n/areported
- Charitable clients
- 1reported
- Accounts
- 1,755reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=2.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Matthew Michael PaulCertified Financial Planner | Novi, Mi | Sep 23, 2014 | 16 y | 0 |
| Steven Richard PaulCertified Financial Planner | Novi, Mi | Oct 1, 2015 | 16 y | 0 |
| Matthew Brian DombrowskiCertified Financial Planner | Novi, Mi | Mar 14, 2018 | 11 y | 1 |
| Bepin Serraj | Novi, Mi | Jun 25, 2018 | 12 y | 0 |
| Richard William PaulCertified Financial Planner | Novi, Mi | Jun 25, 2020 | 43 y | 2 |
| Brendan Edward Best | Novi, Mi | Sep 13, 2023 | 13 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
- Alexandra Marie Bogacz to C2 Private WealthSep 1, 2021 · RIA to RIA
- Taylor Lee Peterson to Per Stirling Capital Management, LLCMay 13, 2021 · RIA to RIA
- Christopher Joseph Rett to Barber Financial GroupJan 28, 2021 · RIA to RIA
Joined, latest
- Richard William Paul from Allegiant Financial Advisors, LLCJun 25, 2020 · Other
- Alexandra Marie Bogacz from J.P. Morgan Securities LLCJun 18, 2019 · Wirehouse to independent RIA
- Matthew Brian Dombrowski from Osaic Fa, Inc.Mar 14, 2018 · Other
- Taylor Lee Peterson from First Heartland Consultants, Inc.Nov 4, 2015 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Michael Matthew Paul · Chief Compliance Officercontrolsince 02/2023 · owns less than 5%
- William Richard Paul · Managing Membercontrolsince 04/2011 · owns 75% or more
Related persons
Schedule D 7.A
- Matthew Paulreal estaten
- Matthew Paulbroker-dealern
- Richard W. Paulreal estatey
- Steven R. Paulreal estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Novi, Mi · principal | 6 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Ann Arbor, MI1 employees
- Troy, MI1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Mar 25, 2026private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $323,337,711 to $372,819,349, advisors 7 to 6, private clients 1800 to 673, offices 2 to 2 (2025-03-13 to 2026-03-25)peers: independent wealth managers, $100M to $500M (5,676)
- client count collapseChange between filings · filing Mar 25, 2026individual and HNW clients (Item 5.D) moved from 1,800.0 to 673.0 (-63.0%) between the annual amendments of 2025-03-13 and 2026-03-25; the peer median change was +3.0% (3310 comparable advisers, 1.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,310) · 0.8% percentile
What changed
consecutive filings, newest first
- Accounts · 1,800 to 1,755Mar 13, 2025 to Mar 25, 2026
- Advisory employees · 7 to 6Mar 13, 2025 to Mar 25, 2026
- HNW clients · 964 to 348Mar 13, 2025 to Mar 25, 2026
- Individual clients · 836 to 325Mar 13, 2025 to Mar 25, 2026
- Employees · 9 to 8Mar 13, 2025 to Mar 25, 2026
- State-registered IARs · 7 to 6Mar 13, 2025 to Mar 25, 2026
- Discretionary RAUM · $323M to $373MMar 13, 2025 to Mar 25, 2026
- HNW RAUM · $237M to $312MMar 13, 2025 to Mar 25, 2026
- Individual RAUM · $86.0M to $60.2MMar 13, 2025 to Mar 25, 2026
- RAUM · $323M to $373MMar 13, 2025 to Mar 25, 2026
- Accounts · 1,765 to 1,800Feb 19, 2024 to Mar 13, 2025
- HNW clients · 248 to 964Feb 19, 2024 to Mar 13, 2025
- Individual clients · 397 to 836Feb 19, 2024 to Mar 13, 2025
- Financial planning clients · 0 to 0Feb 19, 2024 to Mar 13, 2025
- Discretionary RAUM · $293M to $323MFeb 19, 2024 to Mar 13, 2025
- HNW RAUM · $206M to $237MFeb 19, 2024 to Mar 13, 2025
- Individual RAUM · $86.5M to $86.0MFeb 19, 2024 to Mar 13, 2025
- RAUM · $293M to $323MFeb 19, 2024 to Mar 13, 2025
- Accounts · 1,610 to 1,765Sep 13, 2023 to Feb 19, 2024
- HNW clients · 167 to 248Sep 13, 2023 to Feb 19, 2024
- Individual clients · 461 to 397Sep 13, 2023 to Feb 19, 2024
- Discretionary RAUM · $264M to $293MSep 13, 2023 to Feb 19, 2024
- HNW RAUM · $150M to $206MSep 13, 2023 to Feb 19, 2024
- Individual RAUM · $114M to $86.5MSep 13, 2023 to Feb 19, 2024
- RAUM · $264M to $293MSep 13, 2023 to Feb 19, 2024
- Advisory employees · 6 to 7Sep 7, 2023 to Sep 13, 2023
- Employees · 8 to 9Sep 7, 2023 to Sep 13, 2023
- State-registered IARs · 6 to 7Sep 7, 2023 to Sep 13, 2023
- Accounts · 1,731 to 1,610Feb 27, 2023 to Aug 9, 2023
- HNW clients · 127 to 167Feb 27, 2023 to Aug 9, 2023
- Individual clients · 491 to 461Feb 27, 2023 to Aug 9, 2023
- State-registered IARs · 7 to 6Feb 27, 2023 to Aug 9, 2023
- Discretionary RAUM · $237M to $264MFeb 27, 2023 to Aug 9, 2023
- HNW RAUM · $110M to $150MFeb 27, 2023 to Aug 9, 2023
- Individual RAUM · $126M to $114MFeb 27, 2023 to Aug 9, 2023
- RAUM · $237M to $264MFeb 27, 2023 to Aug 9, 2023
- Accounts · 2,046 to 1,731Feb 24, 2022 to Feb 27, 2023
- HNW clients · 156 to 127Feb 24, 2022 to Feb 27, 2023
- Individual clients · 454 to 491Feb 24, 2022 to Feb 27, 2023
- Discretionary RAUM · $269M to $237MFeb 24, 2022 to Feb 27, 2023
Signals
2 dated events
- Michael Matthew Paul (Chief Compliance Officer) appeared on Schedule A of Richard W. Paul & Associates, LlcFeb 27, 2023 · Control person joined · fact
- Richard W. Paul & Associates, Llc filed its initial SEC registration (Form ADV)Jun 19, 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
- Business email
- info@rwpaul.comreportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 248-305-9911reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 248-305-9966reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- RWPAUL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 248-305-9911reportedpublic record, Form ADV, Mar 25, 2026
- Contact form
- rwpaul.com/contactreportedpublished by the firm, firm site, Sep 17, 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
- $62.1Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026