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.
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SEC-registered adviser
M••• A•• A•••••••••
Legal name M•••• A•••••• • A••••••••• I•••
Latest filing Jul 1, 2026
First filing on the tape Jan 20, 2012 · 38 filings
SEC status approved since Sep 22, 2011
RAUM
$917M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
95%
$873M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$183M
derived; firm RAUM over IAPD count
Employees
6
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$917M as of Jul 1, 2026
Jan 20, 2012$251M then
HNW client RAUM$773M as of Jul 1, 2026
Feb 23, 2018$310M then
State-registered IARs (5.B.3)5 as of Jul 1, 2026
Jan 20, 20120 then
Employees (5.A)6 as of Jul 1, 2026
Mar 11, 20136 then
Private funds: no history
RAUM +17% over the last fiscal year+16% a year over threeIARs 6 to 5
Practice profile
derived from the filing of Jul 1, 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
- $183MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 95derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.5MderivedHNW RAUM over HNW clients
- Average account
- $711,786derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 3.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 5.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +17%derivedbetween the last two annual amendments
- Advisor growth, one year
- -17%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -3.5%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Custody
- $271M, 209 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$773M84%
- Individuals$100M11%
- Pension and profit-sharing plans$26.6M2.9%
- Corporations and businesses$10.0M1.1%
- Charitable organizations$8.1M0.9%
- Individual clients
- 252reported
- HNW clients
- 221reported
- Pension plan clients
- 9reported
- Charitable clients
- 2reported
- Accounts
- 1,289reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $271M for 209 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.95 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| D••••• M••••••• M••• | Modesto, Ca | Oct 24, 2011 | 19 y | 3 |
| D•••• F•••••••• M••• | Modesto, Ca | Oct 24, 2011 | 40 y | 3 |
| B••••••• O••••• J•••••• | Modesto, Ca | Feb 19, 2015 | 12 y | 0 |
| C••••••••• S•••• M••• | Modesto, Ca | Jun 3, 2021 | 16 y | 0 |
| A••••• G••••••• G•••• G••••••• | Modesto, Ca | Jan 18, 2025 | 10 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
- M•••• L•••• S•••• R•••••• to D••••••••• W••••• M•••••••••May 7, 2025 · RIA to RIA
- K•••• A•••••••• D•••••• to H•• I••••••••• P•••••••• L••Jan 3, 2025 · RIA to RIA
Joined, latest
- D•••• F•••••••• M••• from C•••••• W••••• M•••••••••Oct 24, 2011 · Other
- D••••• M••••••• M••• from C•••••• W••••• M•••••••••Oct 24, 2011 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- M•••• D••••• F•••••••• · Shareholdercontrolsince 10/2011 · owns 25% to 50%
- M•••• D•••••• M••••••• · Shareholder/Chief Compliance Officercontrolsince 10/2011 · owns 10% to 25%
- M•••• G•••••• D• · Shareholdercontrolsince 10/2011 · owns 25% to 50%
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 |
|---|---|---|---|---|---|
| Modesto, Ca · principal | 5 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,406 to 1,289Jan 5, 2026 to Mar 11, 2026
- Advisory employees · 6 to 5Jan 5, 2026 to Mar 11, 2026
- Charity clients · 3 to 2Jan 5, 2026 to Mar 11, 2026
- HNW clients · 188 to 221Jan 5, 2026 to Mar 11, 2026
- Individual clients · 302 to 252Jan 5, 2026 to Mar 11, 2026
- Pension plan clients · 11 to 9Jan 5, 2026 to Mar 11, 2026
- Assets in custody · $246M to $271MJan 5, 2026 to Mar 11, 2026
- Employees · 7 to 6Jan 5, 2026 to Mar 11, 2026
- State-registered IARs · 6 to 5Jan 5, 2026 to Mar 11, 2026
- Discretionary RAUM · $785M to $917MJan 5, 2026 to Mar 11, 2026
- HNW RAUM · $627M to $773MJan 5, 2026 to Mar 11, 2026
- Individual RAUM · $116M to $100MJan 5, 2026 to Mar 11, 2026
- Pension RAUM · $26.3M to $26.6MJan 5, 2026 to Mar 11, 2026
- RAUM · $785M to $917MJan 5, 2026 to Mar 11, 2026
- Financial planning clients · 0 to 0Mar 17, 2025 to May 12, 2025
- Accounts · 1,410 to 1,406Dec 5, 2024 to Mar 17, 2025
- Charity clients · 4 to 3Dec 5, 2024 to Mar 17, 2025
- Corporate clients · 1 to 3Dec 5, 2024 to Mar 17, 2025
- HNW clients · 180 to 188Dec 5, 2024 to Mar 17, 2025
- Individual clients · 326 to 302Dec 5, 2024 to Mar 17, 2025
- Pension plan clients · 16 to 11Dec 5, 2024 to Mar 17, 2025
- Assets in custody · $166M to $246MDec 5, 2024 to Mar 17, 2025
- Employees · 8 to 7Dec 5, 2024 to Mar 17, 2025
- Discretionary RAUM · $653M to $785MDec 5, 2024 to Mar 17, 2025
- HNW RAUM · $511M to $627MDec 5, 2024 to Mar 17, 2025
- Individual RAUM · $108M to $116MDec 5, 2024 to Mar 17, 2025
- Pension RAUM · $21.8M to $26.3MDec 5, 2024 to Mar 17, 2025
- RAUM · $653M to $785MDec 5, 2024 to Mar 17, 2025
- Business name · M•••• A•••••• • A••••••••• I••• to M••• A•• A•••••••••Mar 15, 2024 to May 1, 2024
- Accounts · 1,446 to 1,410Apr 10, 2023 to Mar 15, 2024
- Charity clients · 3 to 4Apr 10, 2023 to Mar 15, 2024
- Corporate clients · 0 to 1Apr 10, 2023 to Mar 15, 2024
- HNW clients · 167 to 180Apr 10, 2023 to Mar 15, 2024
- Individual clients · 352 to 326Apr 10, 2023 to Mar 15, 2024
- Pension plan clients · 11 to 16Apr 10, 2023 to Mar 15, 2024
- Assets in custody · $200M to $166MApr 10, 2023 to Mar 15, 2024
- Discretionary RAUM · $587M to $653MApr 10, 2023 to Mar 15, 2024
- HNW RAUM · $456M to $511MApr 10, 2023 to Mar 15, 2024
- Individual RAUM · $109M to $108MApr 10, 2023 to Mar 15, 2024
- Pension RAUM · $15.6M to $21.8MApr 10, 2023 to Mar 15, 2024
Signals
2 dated events
- M•••• L•••• S•••• R•••••• left M••• A•• A••••••••• for D••••••••• W••••• M••••••••• (registered 2025-05-15)May 7, 2025 · Advisor changed firm · fact
- K•••• A•••••••• D•••••• left M••• A•• A••••••••• for H•• I••••••••• P•••••••• L•• (registered 2025-01-20)Jan 3, 2025 · Advisor changed firm · 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 phone
- 209-593-5870reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- mrazandassociates.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (209) 593-5870reportedpublic record, Form ADV, Jul 1, 2026
- Contact form
- mrazassociates.com/contact.htmlreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- mrazassociates.com/our-team.htmlreportedpublished 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
- $183Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026