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
Ellis Investment Partners, LLC
Latest filing Mar 12, 2026
First filing on the tape Dec 23, 2011 · 27 filings
SEC status approved since Jan 6, 2012
RAUM
$987M
reported, Item 5.F
Discretionary
94%
of RAUM
Private clients
90%
$886M individuals and HNW
Advisors
18
registered through the firm on IAPD
RAUM per advisor
$54.8M
derived; firm RAUM over IAPD count
Employees
23
18 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$987M as of Mar 12, 2026
Mar 26, 2013$188M then
HNW client RAUM$705M as of Mar 12, 2026
Mar 9, 2018$351M then
State-registered IARs (5.B.3)18 as of Mar 12, 2026
Mar 26, 201312 then
Employees (5.A)23 as of Mar 12, 2026
Mar 26, 201318 then
Private funds: no history
RAUM +7.6% over the last fiscal year+12% a year over threeIARs 17 to 18
Practice profile
derived from the filing of Mar 12, 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
- 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
- RAUM per advisor
- $54.8MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 44derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.4MderivedHNW RAUM over HNW clients
- Average account
- $1.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 94%derivedof RAUM
- Institutional
- 7.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 9.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +7.6%derivedbetween the last two annual amendments
- Advisor growth, one year
- +5.9%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.0%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 advisers, otherreportedItem 5.G
- Custody
- $392M, 346 clientsreportedItem 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
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$705M72%
- Individuals$181M19%
- Pension and profit-sharing plans$50.9M5.2%
- Corporations and businesses$18.5M1.9%
- Charitable organizations$11.6M1.2%
- State and municipal entities$7.0M0.7%
- Individual clients
- 495reported
- HNW clients
- 291reported
- Pension plan clients
- 22reported
- Charitable clients
- 5reported
- Accounts
- 792reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $392M for 346 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.9 fund_share=0.0 institutional_share=0.07 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
18 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| David Yu-Wen SunChartered Financial Analyst | Berwyn, Pa | Mar 9, 2012 | 38 y | 1 |
| Michael Allen NewmanChartered Financial Consultant | Berwyn, Pa | Mar 27, 2012 | 35 y | 1 |
| Daniel Joseph Kelley | Berwyn, Pa | Mar 27, 2012 | 32 y | 1 |
| Evan Avgerinos | Berwyn, Pa | Mar 27, 2012 | 32 y | 1 |
| Woodward Town OdiorneChartered Financial Consultant | Berwyn, Pa | Mar 28, 2012 | 45 y | 2 |
| Jonathan D SmithCertified Financial Planner | Berwyn, Pa | Mar 28, 2012 | 21 y | 1 |
| Robin Sun | Berwyn, Pa | Sep 24, 2012 | 14 y | 0 |
| Ross Brian MuldoonCertified Financial Planner | Berwyn, Pa | Jan 3, 2013 | 19 y | 1 |
| Samuel Marcelino Carpin | Berwyn, Pa | Jan 28, 2013 | 25 y | 1 |
| Jennifer Ann GarrettChartered Financial Analyst | Berwyn, Pa | Mar 11, 2013 | 33 y | 2 |
| Derek Allen LemkeCertified Financial Planner | Berwyn, Pa | Jan 30, 2015 | 24 y | 1 |
| Robert Frederick Habig | Lancaster, Pa | Sep 1, 2015 | 35 y | 1 |
| Anthony Michael Civitello | Berwyn, Pa | Jan 14, 2017 | 10 y | 0 |
| Nicholas Woo-Hsiung Sun | Berwyn, Pa | Feb 16, 2018 | 13 y | 0 |
| Christian GrudeChartered Financial Consultant | Berwyn, Pa | Oct 9, 2018 | 38 y | 2 |
| Andrew Donald SchafferCertified Financial Planner | Berwyn, Pa | Apr 13, 2021 | 11 y | 1 |
| Joseph Mcginley | Berwyn, Pa | Jan 8, 2025 | 35 y | 3 |
| Alexis Rose Barnhart | Berwyn, Pa | Sep 12, 2025 | 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 headcount2 left over 36 months
Left, latest
- Don Constantine Avgerinos to Sound Income Strategies, LLCJan 22, 2025 · RIA to RIA
- Michelle Siano to Founders Financial Securities, LLCNov 4, 2024 · RIA to RIA
- Nicholas Mark Bunio to Brookstone Wealth Advisors, LLCFeb 23, 2018 · Other
- Kevin Auerbach to Brookstone Capital Management LLCDec 31, 2016 · Other
- Paul Po-Wen Sun to Sunquest Wealth Management, LLCSep 30, 2013 · Other
Joined, latest
- Joseph Mcginley from Mdt Advisers, A Division Of Federated Mdta LLCJan 8, 2025 · Other
- Andrew Donald Schaffer from Vanguard Advisers, Inc.Apr 13, 2021 · Affiliated broker-dealer or bank to independent RIA
- Christian Grude from Cambridge Investment Research Advisors, Inc.Oct 9, 2018 · Affiliated broker-dealer or bank to independent RIA
- Kevin Auerbach from Cmg Capital Management Group, Inc.Jan 4, 2016 · Other
- Michelle Siano from Next Financial Group, Inc.Sep 15, 2015 · Other
- Robert Frederick Habig from H. Beck, Inc.Sep 1, 2015 · Other
- Derek Allen Lemke from Esi Financial AdvisorsJan 30, 2015 · Other
- Jennifer Ann Garrett from Cms Wealth ManagementMar 11, 2013 · Other
- Samuel Marcelino Carpin from Cms Wealth ManagementJan 28, 2013 · Other
- Ross Brian Muldoon from Cms Wealth ManagementJan 3, 2013 · Other
- Woodward Town Odiorne from Esi Financial AdvisorsMar 28, 2012 · Other
- Jonathan D Smith from Cms Wealth ManagementMar 28, 2012 · Other
- Michael Allen Newman from Cms Wealth ManagementMar 27, 2012 · Other
- Don Constantine Avgerinos from Cms Wealth ManagementMar 27, 2012 · Other
- Daniel Joseph Kelley from Cms Wealth ManagementMar 27, 2012 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Michael Anthony Civitello · Director Of Portfolio Management Operationscontrolsince 09/2023 · owns less than 5%
- Yu-Wen David Sun · President & Ciocontrolsince 01/2009 · owns 75% or more
- Woo-Hsiung Nicholas Sun · Chief Compliance Officer/Portfolio Strategist Management Operationscontrolsince 03/2023 · owns less than 5%
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 |
|---|---|---|---|---|---|
| Berwyn, Pa · principal | 18 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Lancaster, PA1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Mar 12, 2026civitello, anthony, michael (DIRECTOR OF PORTFOLIO MANAGEMENT OPERATIONS) left Schedule A between the filings of 2024-03-23 and 2026-03-12peers: independent wealth managers, $500M to $1B (1,483)
What changed
consecutive filings, newest first
- Accounts · 823 to 792Nov 3, 2025 to Mar 12, 2026
- Advisory employees · 17 to 18Nov 3, 2025 to Mar 12, 2026
- Charity clients · 6 to 5Nov 3, 2025 to Mar 12, 2026
- HNW clients · 281 to 291Nov 3, 2025 to Mar 12, 2026
- Individual clients · 505 to 495Nov 3, 2025 to Mar 12, 2026
- Pension plan clients · 25 to 22Nov 3, 2025 to Mar 12, 2026
- Assets in custody · $304M to $392MNov 3, 2025 to Mar 12, 2026
- State-registered IARs · 17 to 18Nov 3, 2025 to Mar 12, 2026
- Discretionary RAUM · $861M to $927MNov 3, 2025 to Mar 12, 2026
- HNW RAUM · $638M to $705MNov 3, 2025 to Mar 12, 2026
- Individual RAUM · $181M to $181MNov 3, 2025 to Mar 12, 2026
- Non-discretionary RAUM · $55.4M to $59.7MNov 3, 2025 to Mar 12, 2026
- Pension RAUM · $50.1M to $50.9MNov 3, 2025 to Mar 12, 2026
- RAUM · $917M to $987MNov 3, 2025 to Mar 12, 2026
- Accounts · 802 to 823Mar 23, 2024 to Apr 11, 2025
- Advisory employees · 18 to 17Mar 23, 2024 to Apr 11, 2025
- HNW clients · 296 to 281Mar 23, 2024 to Apr 11, 2025
- Individual clients · 471 to 505Mar 23, 2024 to Apr 11, 2025
- Pension plan clients · 22 to 25Mar 23, 2024 to Apr 11, 2025
- Assets in custody · $228M to $304MMar 23, 2024 to Apr 11, 2025
- Financial planning clients · 1-10 to 1-10Mar 23, 2024 to Apr 11, 2025
- State-registered IARs · 18 to 17Mar 23, 2024 to Apr 11, 2025
- Discretionary RAUM · $752M to $861MMar 23, 2024 to Apr 11, 2025
- HNW RAUM · $573M to $638MMar 23, 2024 to Apr 11, 2025
- Individual RAUM · $142M to $181MMar 23, 2024 to Apr 11, 2025
- Non-discretionary RAUM · $48.5M to $55.4MMar 23, 2024 to Apr 11, 2025
- Pension RAUM · $40.3M to $50.1MMar 23, 2024 to Apr 11, 2025
- RAUM · $801M to $917MMar 23, 2024 to Apr 11, 2025
- Accounts · 1,859 to 802May 12, 2023 to Mar 23, 2024
- HNW clients · 224 to 296May 12, 2023 to Mar 23, 2024
- Individual clients · 501 to 471May 12, 2023 to Mar 23, 2024
- Pension plan clients · 23 to 22May 12, 2023 to Mar 23, 2024
- Assets in custody · $377M to $228MMay 12, 2023 to Mar 23, 2024
- Discretionary RAUM · $646M to $752MMay 12, 2023 to Mar 23, 2024
- HNW RAUM · $462M to $573MMay 12, 2023 to Mar 23, 2024
- Individual RAUM · $159M to $142MMay 12, 2023 to Mar 23, 2024
- Non-discretionary RAUM · $47.8M to $48.5MMay 12, 2023 to Mar 23, 2024
- Pension RAUM · $37.2M to $40.3MMay 12, 2023 to Mar 23, 2024
- RAUM · $694M to $801MMay 12, 2023 to Mar 23, 2024
- Accounts · 1,744 to 1,859Mar 26, 2022 to Mar 21, 2023
Signals
5 dated events
- Don Constantine Avgerinos left Ellis Investment Partners, Llc for Sound Income Strategies, Llc (registered 2025-01-10)Jan 22, 2025 · Advisor changed firm · fact
- Michelle Siano left Ellis Investment Partners, Llc for Founders Financial Securities, Llc (registered 2024-11-01)Nov 4, 2024 · Advisor changed firm · fact
- Michael Anthony Civitello (Director Of Portfolio Management Operations) appeared on Schedule A of Ellis Investment Partners, LlcMar 23, 2024 · Control person joined · fact
- Michelle Siano (Chief Compliance Officer) no longer on Schedule A of Ellis Investment Partners, Llc (listed 2022-03-26, absent 2023-03-21)Mar 21, 2023 · Control person left · inference
- Woo-Hsiung Nicholas Sun (Chief Compliance Officer/Portfolio Strategist) appeared on Schedule A of Ellis Investment Partners, LlcMar 21, 2023 · Control person joined · 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@ellisinvestmentpartners.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 484-320-6300reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 484-320-6350reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 717-368-1902reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/ellis-investment-partners-llc-/?viewAsMreportedpublic record, Form ADV, Sep 17, 2026
- Website
- ELLISINVESTMENTPARTNERS.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 484-320-6300reportedpublic record, Form ADV, Mar 12, 2026
- Contact form
- ellisinvestmentpartners.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- ellisinvestmentpartners.com/our-teamreportedpublished by the firm, firm site, Sep 15, 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
- $54.8Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026