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

Rfg Advisory, LLC

Independent wealth managerVestavia Hills, AlabamaCRD 158401SEC 801-79153websiteIAPD
Latest filing Sep 14, 2026
First filing on the tape Nov 7, 2011 · 179 filings
SEC status approved since Feb 6, 2014
RAUM
$8.0B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
64%
$5.1B individuals and HNW
Advisors
186
registered through the firm on IAPD
RAUM per advisor
$42.8M
derived; firm RAUM over IAPD count
Employees
360
178 advisory (5.B.1)
Offices
71
beyond the principal office
Private funds
0
reported on Schedule D
History
179 filings and snapshots on the tape
RAUM$8.0B as of Aug 31, 2026
Mar 5, 2012$85.7M then
HNW client RAUM$2.6B as of Aug 31, 2026
Mar 29, 2018$258M then
State-registered IARs (5.B.3)130 as of Aug 31, 2026
Feb 27, 201530 then
Employees (5.A)360 as of Aug 31, 2026
Feb 27, 201530 then
Private funds: no history
RAUM +61% over the last fiscal year+39% a year over threeIARs 100 to 130offices 61 to 71
Practice profile
derived from the filing of Sep 14, 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
  • Multi-office growth platform · an independent wealth manager (not a wirehouse, national broker-dealer RIA or broker-dealer affiliated firm) with at least five offices, at least 50 advisors, and RAUM up at least 20 percent over the last annual amendment
  • PE backed · a Schedule A entity owner at 25 percent or more whose exact legal name is a PE fund vehicle or a classified PE sponsor on the DFX private equity graph
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
RAUM per advisor
$42.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
92derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.0MderivedHNW RAUM over HNW clients
Average account
$267,121derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.9derivedItem 5.A over advisors
Advisors per office
2.6derived72 offices incl. principal (1.F.5)
RAUM growth, one year
+38%derivedbetween the last two annual amendments
Advisor growth, one year
+21%derivedItem 5.B.3 between annual amendments
Client growth, one year
+14%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for investment companies, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
Ownership
a PE fund or sponsor is a 25 percent or greater owner 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • marketing includes testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$2.8B35%
  • High-net-worth individuals$2.6B32%
  • Individuals$2.5B32%
  • Corporations and businesses$86.6M1.1%
  • Pension and profit-sharing plans$10.9M0.1%
  • Charitable organizations$9.0M0.1%
  • State and municipal entities$5.0M0.1%
Individual clients
15,951reported
HNW clients
1,256reported
Pension plan clients
38reported
Charitable clients
38reported
Accounts
29,833reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.64 fund_share=0.35 institutional_share=0.0 related_bd=false related_bank=false bd_reps=81.0derived
Advisors registered through the firm
187 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Brian Alan RyalsVestavia Hills, Al Aug 8, 201132 y3
Bobby Ray Trust WhiteVestavia Hills, AlAug 8, 201128 y4
Bradley J KammanBirmingham, AlAug 9, 201124 y3
Mark Andrew PearsonVestavia Hills, AlDec 2, 201327 y5
Stuart GarnerVestavia Hills, Al Jun 16, 201422 y0
Daniel Jordan KleinCertified Financial PlannerCreve Coeur, Mo Aug 11, 201430 y3
Stephen Herman WedelCertified Financial PlannerCreve Coeur, Mo Aug 11, 201442 y3
Keith Douglas KlusmeyerCreve Coeur, MoAug 11, 201420 y3
Kevin Robert GrelleCreve Coeur, MoAug 11, 201423 y1
John James GalliaCertified Financial PlannerVestavia Hills, Al Oct 23, 201421 y2
Clayton Bitting AhoChartered Financial AnalystVestavia Hills, Al Feb 10, 201526 y2
Kevin Wade HarperCertified Financial PlannerBirmingham, AlMay 28, 201530 y2
Stephen Brian CarneyChartered Financial ConsultantNew Roads, La Aug 26, 201526 y3
Dany Levan MartinNew Roads, La Sep 14, 201524 y2
Jack BurnetteCertified Financial PlannerBirmingham, AlNov 11, 201523 y2
James Dudley SumpterCertified Financial PlannerVestavia Hills, AlDec 28, 201529 y2
Chase Randolph CrumpCertified Financial PlannerVestavia Hills, Al Jan 28, 201616 y1
Thomas Jackson WilliamsCertified Financial PlannerVestavia Hills, Al Jan 28, 201639 y1
Frederick George Trust WedellVestavia Hills, AlOct 20, 201610 y0
John William PfaudlerBirmingham, AlDec 8, 201627 y2
Counce Moody DrinkardVestavia Hills, Al Jan 25, 201719 y1
Bruce Michael WiitalaCreve Coeur, MoAug 24, 201739 y3
Christine Marie WedellCertified Financial PlannerVestavia Hills, Al Oct 13, 201720 y2
Michael Wayne StalkaCreve Coeur, Mo Feb 5, 201821 y4
Katie Esser HammockVestavia Hills, AlApr 24, 201815 y1
Ryan Thomas ConleyCertified Financial PlannerCreve Coeur, Mo Dec 7, 201819 y3
Roger Dale HubbertVestavia Hills, Al Apr 5, 201915 y1
Sharilyn Ann MoxleyCertified Financial PlannerVestavia Hills, Al Apr 5, 201935 y2
Matthew Joseph LeahyCertified Financial PlannerVestavia Hills, Al Apr 5, 201917 y1
Gibson Lee BosworthVestavia Hills, AlApr 23, 201912 y1
Mark Scott DutramVestavia Hills, Al May 24, 201932 y2
Jonathan Samuel SlaterCertified Financial PlannerDestin, Fl May 28, 201913 y1
Mark Jeffrey GreenCollege Station, Tx May 31, 201932 y5
Robert Thurman AgnewVestavia Hills, AlNov 1, 201940 y2
Micheal David HeckmanCertified Financial PlannerVestavia Hills, Al Nov 15, 201916 y2
Charles A LineberryVestavia Hills, Al Jul 24, 202017 y2
Eric Joseph BlakeCertified Financial PlannerMckinney, Tx Oct 13, 202027 y4
Harris Todd DoobrowCertified Financial Planner, Chartered Financial ConsultantVestavia Hills, Al Oct 26, 202027 y3
Ryan Christopher WhitleyCertified Financial PlannerCharlotte, Nc Nov 12, 202021 y4
Brian David SwillingCharlotte, Nc Nov 12, 202019 y1
All 187 advisors at Rfg Advisory, LLC
Advisor movement
5 left, 41 joined in 12 months
net +36 in 12 months2 left in 90 days14 joined in 90 daysdeparture rate 2.7% of current headcount30 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Scott Douglas Nelson · Cfocontrol
    since 11/2025 · owns less than 5%
  • Henry Richard Ohlrich · Chief Compliance Officercontrol
    since 02/2022 · owns less than 5%
  • Parrott Shannon Spotswood · Chief Executive Officercontrol
    since 09/2024 · owns 5% to 10%
  • Christy Edward Swenson · Presidentcontrol
    since 10/2025 · owns less than 5%
  • George Trust Frederick Wedell · Chief Investment Officercontrol
    since 01/2017 · owns 5% to 10%
  • Ray Trust Bobby White · Managing Member And Executive Chairmancontrol
    since 07/2011 · owns 5% to 10%
  • Bhalchandra Kevin Bhatt · Membercontrol
    since 12/2023 · owns 50% to 75% of Long Ridge Equity Partners Gp III, LP (Delaware)
  • Gerard James Brown · Membercontrol
    since 12/2023 · owns 50% to 75% of Long Ridge Equity Partners Gp III, LP (Delaware)
Entity owners
  • Long Ridge Equity Partners III, LP · Owner
    direct · owns 25% to 50%
  • Lrep III Rfg Offshore Investors, LLC. · Owner
    direct · owns 10% to 25%
  • Long Ridge Equity Partners Gp III, LP (Delaware) · General Partner
    indirect · owns F of Lrep III Rfg Offshore Investors, LLC.
  • Long Ridge Equity Partners Gp III, LP (Delaware) · General Partner
    indirect · owns F of Long Ridge Equity Partners III, LP
Related persons
Schedule D 7.A
  • Rfg Solutions, LLC
    real estaten
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Vestavia Hills, Al · principal172513
Creve Coeur, Mo1300
Birmingham, Al910
Shreveport, La710
Colorado Springs, Co720
Glen Allen, Va610
Pittsford, Ny610
Alpharetta, Ga541
Cary, Nc500
Madison, Al510
Centennial, Co400
Poughkeepsie, Ny440
St Petersburg, Fl400
Salina, Ks300
Flagstaff, Az330
Austin, Tx300
Destin, Fl310
Naples, Fl300
New Roads, La300
Englewood, Co200
Offices
Schedule D 1.F, the 25 largest
  • Creve Coeur, MO13 employees
  • Pittsford, NY7 employees
  • Colorado Springs, CO5 employees
  • Salina, KS5 employees
  • Shreveport, LA5 employees
  • Glen Allen, VA4 employees
  • Birmingham, AL3 employees
  • Madison, AL3 employees
  • Warsaw, KY2 employees
  • Westlake, OH2 employees
  • Williamstown, KY2 employees
  • Shreveport, LA2 employees
  • Brentwood, TN2 employees
  • Destin, FL2 employees
  • Jackson, TN2 employees
  • Charlotte, NC2 employees
  • Austin, TX2 employees
  • Englewood, CO2 employees
  • Birmingham, AL2 employees
  • Naples, FL1 employees
  • Nashville, TN1 employees
  • Nashville, TN1 employees
  • Orange Beach, AL1 employees
  • Phoenix, AZ1 employees
  • San Francisco, CA1 employees
ADV anomalies
6 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Sep 14, 2026
    SWENSON, EDWARD, CHRISTY (PRESIDENT) appeared on Schedule A between the filings of 2024-03-25 and 2026-09-14
    peers: independent wealth managers, $5B to $20B (289)
  • control person changedChange between filings · filing Sep 14, 2026
    SPOTSWOOD, SHANNON, PARROTT (CHIEF EXECUTIVE OFFICER) appeared on Schedule A between the filings of 2024-03-25 and 2026-09-14
    peers: independent wealth managers, $5B to $20B (289)
  • control person changedChange between filings · filing Sep 14, 2026
    Nelson, Douglas, Scott (CFO) appeared on Schedule A between the filings of 2024-03-25 and 2026-09-14
    peers: independent wealth managers, $5B to $20B (289)
  • control person changedChange between filings · filing Sep 14, 2026
    BROWN, JAMES, GERARD (MEMBER) left Schedule A between the filings of 2024-03-25 and 2026-09-14
    peers: independent wealth managers, $5B to $20B (289)
  • control person changedChange between filings · filing Sep 14, 2026
    BHATT, KEVIN, BHALCHANDRA (MEMBER) left Schedule A between the filings of 2024-03-25 and 2026-09-14
    peers: independent wealth managers, $5B to $20B (289)
  • client mix shiftChange between filings · filing Apr 15, 2026
    private-client share of RAUM moved from 97.0% to 67.0% between the annual amendments of 2025-04-21 and 2026-04-15
    peers: independent wealth managers, $5B to $20B (289)
What changed
consecutive filings, newest first
  • Financial planning clients · 251-500 to 251-500
    Aug 31, 2026 to Sep 10, 2026
  • Succession · false to unset
    Aug 31, 2026 to Sep 10, 2026
  • Accounts · 25,346 to 29,833
    Jun 16, 2026 to Jul 30, 2026
  • Advisory employees · 162 to 178
    Jun 16, 2026 to Jul 30, 2026
  • Charity clients · 14 to 38
    Jun 16, 2026 to Jul 30, 2026
  • Corporate clients · 112 to 110
    Jun 16, 2026 to Jul 30, 2026
  • HNW clients · 1,506 to 1,256
    Jun 16, 2026 to Jul 30, 2026
  • Individual clients · 12,862 to 15,951
    Jun 16, 2026 to Jul 30, 2026
  • Pension plan clients · 28 to 38
    Jun 16, 2026 to Jul 30, 2026
  • Employees · 311 to 360
    Jun 16, 2026 to Jul 30, 2026
  • State-registered IARs · 121 to 130
    Jun 16, 2026 to Jul 30, 2026
  • Discretionary RAUM · $6.8B to $8.0B
    Jun 16, 2026 to Jul 30, 2026
  • HNW RAUM · $2.6B to $2.6B
    Jun 16, 2026 to Jul 30, 2026
  • Individual RAUM · $1.9B to $2.5B
    Jun 16, 2026 to Jul 30, 2026
  • Pension RAUM · $9.2M to $10.9M
    Jun 16, 2026 to Jul 30, 2026
  • RAUM · $6.8B to $8.0B
    Jun 16, 2026 to Jul 30, 2026
  • Accounts · 23,999 to 25,346
    Jan 7, 2026 to Mar 24, 2026
  • Advisory employees · 135 to 162
    Jan 7, 2026 to Mar 24, 2026
  • BD registered reps · 52 to 81
    Jan 7, 2026 to Mar 24, 2026
  • Charity clients · 10 to 14
    Jan 7, 2026 to Mar 24, 2026
  • Corporate clients · 109 to 112
    Jan 7, 2026 to Mar 24, 2026
  • HNW clients · 1,325 to 1,506
    Jan 7, 2026 to Mar 24, 2026
  • Individual clients · 12,357 to 12,862
    Jan 7, 2026 to Mar 24, 2026
  • Pension plan clients · 27 to 28
    Jan 7, 2026 to Mar 24, 2026
  • Employees · 277 to 311
    Jan 7, 2026 to Mar 24, 2026
  • State-registered IARs · 100 to 121
    Jan 7, 2026 to Mar 24, 2026
  • Other offices · 61 to 71
    Jan 7, 2026 to Mar 24, 2026
  • Discretionary RAUM · $6.1B to $6.8B
    Jan 7, 2026 to Mar 24, 2026
  • HNW RAUM · $2.4B to $2.6B
    Jan 7, 2026 to Mar 24, 2026
  • Individual RAUM · $1.9B to $1.9B
    Jan 7, 2026 to Mar 24, 2026
  • Pension RAUM · $8.0M to $9.2M
    Jan 7, 2026 to Mar 24, 2026
  • RAUM · $6.1B to $6.8B
    Jan 7, 2026 to Mar 24, 2026
  • Accounts · 21,585 to 23,999
    Aug 25, 2025 to Nov 6, 2025
  • Advisory activities · 5 to 6
    Aug 25, 2025 to Nov 6, 2025
  • Charity clients · 8 to 10
    Aug 25, 2025 to Nov 6, 2025
  • Corporate clients · 89 to 109
    Aug 25, 2025 to Nov 6, 2025
  • HNW clients · 980 to 1,325
    Aug 25, 2025 to Nov 6, 2025
  • Individual clients · 11,656 to 12,357
    Aug 25, 2025 to Nov 6, 2025
  • Pension plan clients · 16 to 27
    Aug 25, 2025 to Nov 6, 2025
  • Discretionary RAUM · $4.9B to $6.1B
    Aug 25, 2025 to Nov 6, 2025
Signals
60 dated events
  • David Alan Evans registered as an investment adviser representative at Rfg Advisory, Llc
    Sep 15, 2026 · Advisor registered · fact
  • 4 advisors left B.O.S.S. Retirement Advisors, LLC (Lehi, UT) for Rfg Advisory, LLC on the same day
    Sep 8, 2026 · Team lift-out · derived
  • James Fiorentino left Rfg Advisory, Llc for Lpl Financial Llc (registered 2026-08-20)
    Aug 3, 2026 · Advisor changed firm · fact
  • Torry Whitcher left Rfg Advisory, Llc for Generation Capital Management Llc (registered 2026-08-04)
    Jun 30, 2026 · Advisor changed firm · fact
  • Rfg Advisory, Llc reported 71 offices beyond its principal office, up from 61 (2026-01-07 to 2026-03-24)
    Mar 24, 2026 · Office count change · derived
  • Rfg Advisory, Llc reported 121 state-registered advisory representatives, up from 100 (2026-01-07 to 2026-03-24)
    Mar 24, 2026 · Advisor headcount change · derived
  • 4 advisors left Equitable Advisors, LLC (Poughkeepsie, NY) for Rfg Advisory, LLC on the same day
    Mar 23, 2026 · Team lift-out · derived
  • 5 advisors left Silver Oak Securities, Inc. (Alpharetta, GA) for Rfg Advisory, LLC on the same day
    Mar 2, 2026 · Team lift-out · derived
  • Matthew John Lemen left Rfg Advisory, Llc for Arkadios Wealth Advisors (registered 2026-01-20)
    Jan 21, 2026 · Advisor changed firm · fact
  • William Jack Haskins left Rfg Advisory, Llc for Arkadios Wealth Advisors (registered 2026-01-20)
    Jan 20, 2026 · Advisor changed firm · fact
  • 2 advisors left Rfg Advisory, LLC (Dothan, AL) for Arkadios Wealth Advisors a day apart
    Jan 20, 2026 · Team lift-out · derived
  • 2 advisors left Lincoln Investment (Pembroke, MA) for Rfg Advisory, LLC on the same day
    Jan 8, 2026 · Team lift-out · derived
  • 4 advisors left Independent Financial Group, LLC (Cottonwood, AZ) for Rfg Advisory, LLC on the same day
    Nov 5, 2025 · Team lift-out · derived
  • Robin L Colton left Rfg Advisory, Llc for Lpl Financial Llc (registered 2025-10-02)
    Oct 1, 2025 · Advisor changed firm · fact
  • William Lawrence Mccollum left Rfg Advisory, Llc for Wingo Asset Management, Llc (registered 2025-08-29)
    Aug 5, 2025 · Advisor changed firm · fact
  • John Allen Wingo left Rfg Advisory, Llc for Wingo Asset Management, Llc (registered 2025-08-29)
    Aug 5, 2025 · Advisor changed firm · fact
  • Brianne Smith Hart left Rfg Advisory, Llc for The Wealth Consulting Group (registered 2025-06-20)
    Jun 23, 2025 · Advisor changed firm · fact
  • Alexander Guy Neri left Rfg Advisory, Llc for Lpl Financial Llc (registered 2025-05-05)
    May 5, 2025 · Advisor changed firm · fact
  • Brittany Gayle Cloud left Rfg Advisory, Llc for Citigroup Global Markets Inc. (registered 2025-06-27)
    Apr 21, 2025 · Advisor changed firm · fact
  • Rfg Advisory, Llc reported 61 offices beyond its principal office, up from 46 (2025-02-19 to 2025-04-21)
    Apr 21, 2025 · Office count change · derived
  • Rfg Advisory, Llc reported RAUM $4.9B, up 28% from $3.9B (2025-02-19 to 2025-04-21)
    Apr 21, 2025 · RAUM change · derived
  • Theodore Trottman left Rfg Advisory, Llc for Hightower Advisors, Llc (registered 2025-04-25)
    Apr 17, 2025 · Advisor changed firm · fact
  • Caitlin Ila Gossett left Rfg Advisory, Llc for Mml Investors Services, Llc (registered 2025-06-20)
    Apr 1, 2025 · Advisor changed firm · fact
  • Brandon Michael Clemens left Rfg Advisory, Llc for Affinity Wealth Llc (registered 2025-03-12)
    Mar 14, 2025 · Advisor changed firm · fact
  • Gregg Michael Indovina left Rfg Advisory, Llc for Golden Reserve Retirement, Llc (registered 2025-04-23)
    Mar 12, 2025 · Advisor changed firm · fact
  • Christopher Jason Coats left Rfg Advisory, Llc for Cetera Investment Advisers Llc (registered 2025-03-14)
    Feb 21, 2025 · Advisor changed firm · fact
  • Joel Arthur Beyer left Rfg Advisory, Llc for 21:5 Advisors, Llc (registered 2025-01-22)
    Feb 18, 2025 · Advisor changed firm · fact
  • Patrick Timothy Freeman left Rfg Advisory, Llc for Freeman Wealth Management (registered 2025-01-30)
    Jan 30, 2025 · Advisor changed firm · fact
  • 2 advisors left Raymond James & Associates, Inc. (AU Train, MI) for Rfg Advisory, LLC on the same day
    Jan 28, 2025 · Team lift-out · derived
  • Michael Hunter Yarbrough left Rfg Advisory, Llc for Seven Springs Wealth Group (registered 2025-01-07)
    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 email
info@rjbfp.comreportedpublished by the firm, firm site, Sep 16, 2026
Business phone
405-212-5756reportedpublished by the firm, firm site, Sep 16, 2026
Firm profile
linkedin.com/company/lindwmreportedpublic record, Form ADV, Sep 17, 2026
Firm profile
linkedin.com/company/4swm-naplesreportedpublic record, Form ADV, Sep 17, 2026
Website
rjbfp.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
205-397-2450reportedpublic record, Form ADV, Sep 14, 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
$42.8Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026