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

Convergent Financial Strategies LLC

Former SEC-registered adviserPlymouth Meeting, PennsylvaniaCRD 158192SEC 801-120676IAPD
Latest filing Jan 19, 2023
First filing on the tape Mar 2, 2021 · 11 filings
RAUM
$178M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
100%
$178M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$178M as of Jan 19, 2023
Mar 2, 2021$136M then
HNW client RAUM$168M as of Jan 19, 2023
Mar 2, 2021$122M then
State-registered IARs (5.B.3)2 as of Jan 19, 2023
Mar 2, 20212 then
Employees (5.A)3 as of Jan 19, 2023
Mar 2, 20213 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Jan 19, 2023; every figure names its basis
RAUM per advisor
$89.2MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
43derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.6MderivedHNW RAUM over HNW clients
Average account
$463,518derivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
0.7derived3 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, publicationsreportedItem 5.G
Custody
$60.1M, 48 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$168M94%
  • Individuals$10.5M5.9%
Individual clients
20reported
HNW clients
65reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
385reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
$60.1M for 48 clientsreported
Compensation
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
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
    • Stephen Carl Nadwodny · Member, Chief Investment Officercontrol
      since 10/2014 · owns 50% to 75%
    • Mark Alan Schapire · Member, Chief Compliance Officercontrol
      since 07/2011 · owns 50% to 75%
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    • , 1 employees
    What changed
    consecutive filings, newest first
    • Assets in custody · unset to 60117629.0
      Mar 11, 2022 to Jan 19, 2023
    • Custody of client assets · false to true
      Mar 11, 2022 to Jan 19, 2023
    • Advisory employees · 3 to 2
      Jan 19, 2023 to Jan 19, 2023
    • Employees · 4 to 3
      Jan 19, 2023 to Jan 19, 2023
    • State-registered IARs · 3 to 2
      Jan 19, 2023 to Jan 19, 2023
    • Other offices · 3 to 2
      Jan 19, 2023 to Jan 19, 2023
    • Accounts · 346 to 385
      Aug 25, 2021 to Mar 11, 2022
    • HNW clients · 57 to 65
      Aug 25, 2021 to Mar 11, 2022
    • Individual clients · 31 to 20
      Aug 25, 2021 to Mar 11, 2022
    • HNW RAUM · $122M to $168M
      Aug 25, 2021 to Mar 11, 2022
    • Individual RAUM · $13.8M to $10.5M
      Aug 25, 2021 to Mar 11, 2022
    • Non-discretionary RAUM · $136M to $178M
      Aug 25, 2021 to Mar 11, 2022
    • RAUM · $136M to $178M
      Aug 25, 2021 to Mar 11, 2022
    • Advisory employees · 2 to 3
      Apr 19, 2021 to Aug 25, 2021
    • State-registered IARs · 2 to 3
      Apr 19, 2021 to Aug 25, 2021
    • Other offices · 2 to 3
      Apr 19, 2021 to Aug 25, 2021
    • Employees · 3 to 4
      Mar 17, 2021 to Mar 23, 2021
    Signals
    5 dated events
    • Alan Mark Schapire left Convergent Financial Strategies Llc for Buckingham Strategic Wealth, Llc (registered 2023-02-24)
      Feb 24, 2023 · Advisor changed firm · fact
    • Carl Stephen Nadwodny left Convergent Financial Strategies Llc for Buckingham Strategic Wealth, Llc (registered 2023-02-24)
      Feb 24, 2023 · Advisor changed firm · fact
    • 2 advisors left Convergent Financial Strategies LLC (Plymouth Meeting, PA) for Buckingham Strategic Wealth, LLC on the same day
      Feb 24, 2023 · Team lift-out · derived
    • Chase Davis left Convergent Financial Strategies Llc for Merrill Lynch, Pierce, Fenner & Smith Incorporated (registered 2022-08-19)
      May 5, 2022 · Advisor changed firm · fact
    • Convergent Financial Strategies Llc filed its initial SEC registration (Form ADV)
      Mar 2, 2021 · 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.
    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