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SEC-registered adviser

D••••••• I••••••••• L••

Independent wealth managerRedlands, CaliforniaCRD 158708SEC 801-72643websiteIAPD
Latest filing Feb 25, 2026
First filing on the tape Nov 21, 2011 · 38 filings
SEC status approved since Aug 19, 2011
RAUM
$663M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
77%
$509M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$221M
derived; firm RAUM over IAPD count
Employees
3
3 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$663M as of Feb 25, 2026
Feb 24, 2012$158M then
HNW client RAUM$386M as of Feb 25, 2026
Feb 28, 2018$185M then
State-registered IARs (5.B.3)3 as of Feb 25, 2026
Feb 24, 20120 then
Employees (5.A)3 as of Feb 25, 2026
Jan 10, 20132 then
Private funds: no history
RAUM -0.3% over the last fiscal year+9.4% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Feb 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
  • 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
  • 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
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$221MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
254derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.1MderivedHNW RAUM over HNW clients
Average account
$314,246derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
17%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-0.3%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+25%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
Wrap fee program
$663MreportedItem 5.I
Custody
$179M, 274 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)
  • 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$386M58%
  • Individuals$123M19%
  • Pension and profit-sharing plans$84.8M13%
  • Corporations and businesses$38.6M5.8%
  • Charitable organizations$30.3M4.6%
Individual clients
573reported
HNW clients
188reported
Pension plan clients
94reported
Charitable clients
11reported
Accounts
2,110reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$179M for 274 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.77 fund_share=0.0 institutional_share=0.17 related_bd=false related_bank=false bd_reps=2.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
H••• J•••••• F••••••Redlands, CaMar 18, 201626 y2
J•••• A•••• W•••••Redlands, CaMar 18, 201624 y3
J•••• F•••• J•••••Pottsboro, TxFeb 19, 201924 y3
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
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
    • F••••••• H•••• J•••••• · Managing Member And Chief Compliance Officer
      since 06/2017 · owns 50% to 75%
    • W•••••• J••••• A•••• · Managing Member
      since 06/2017 · owns 50% to 75%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Redlands, Ca · principal200
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 1,922 to 2,110
      Feb 11, 2025 to Feb 25, 2026
    • Charity clients · 10 to 11
      Feb 11, 2025 to Feb 25, 2026
    • Corporate clients · 17 to 18
      Feb 11, 2025 to Feb 25, 2026
    • HNW clients · 159 to 188
      Feb 11, 2025 to Feb 25, 2026
    • Individual clients · 451 to 573
      Feb 11, 2025 to Feb 25, 2026
    • Pension plan clients · 92 to 94
      Feb 11, 2025 to Feb 25, 2026
    • Assets in custody · $331M to $179M
      Feb 11, 2025 to Feb 25, 2026
    • Discretionary RAUM · $665M to $663M
      Feb 11, 2025 to Feb 25, 2026
    • HNW RAUM · $414M to $386M
      Feb 11, 2025 to Feb 25, 2026
    • Individual RAUM · $124M to $123M
      Feb 11, 2025 to Feb 25, 2026
    • Pension RAUM · $79.9M to $84.8M
      Feb 11, 2025 to Feb 25, 2026
    • RAUM · $665M to $663M
      Feb 11, 2025 to Feb 25, 2026
    • Accounts · 1,853 to 1,922
      Feb 22, 2024 to Feb 11, 2025
    • Advisory employees · 4 to 3
      Feb 22, 2024 to Feb 11, 2025
    • BD registered reps · 3 to 2
      Feb 22, 2024 to Feb 11, 2025
    • HNW clients · 146 to 159
      Feb 22, 2024 to Feb 11, 2025
    • Individual clients · 424 to 451
      Feb 22, 2024 to Feb 11, 2025
    • Pension plan clients · 87 to 92
      Feb 22, 2024 to Feb 11, 2025
    • Assets in custody · $67.8M to $331M
      Feb 22, 2024 to Feb 11, 2025
    • Employees · 4 to 3
      Feb 22, 2024 to Feb 11, 2025
    • Financial planning clients · 1-10 to 0
      Feb 22, 2024 to Feb 11, 2025
    • State-registered IARs · 4 to 3
      Feb 22, 2024 to Feb 11, 2025
    • Discretionary RAUM · $617M to $665M
      Feb 22, 2024 to Feb 11, 2025
    • HNW RAUM · $391M to $414M
      Feb 22, 2024 to Feb 11, 2025
    • Individual RAUM · $100M to $124M
      Feb 22, 2024 to Feb 11, 2025
    • Pension RAUM · $72.1M to $79.9M
      Feb 22, 2024 to Feb 11, 2025
    • RAUM · $617M to $665M
      Feb 22, 2024 to Feb 11, 2025
    • Accounts · 1,685 to 1,853
      Feb 8, 2023 to Feb 22, 2024
    • Corporate clients · 18 to 17
      Feb 8, 2023 to Feb 22, 2024
    • HNW clients · 142 to 146
      Feb 8, 2023 to Feb 22, 2024
    • Individual clients · 406 to 424
      Feb 8, 2023 to Feb 22, 2024
    • Assets in custody · $146M to $67.8M
      Feb 8, 2023 to Feb 22, 2024
    • Discretionary RAUM · $506M to $617M
      Feb 8, 2023 to Feb 22, 2024
    • HNW RAUM · $320M to $391M
      Feb 8, 2023 to Feb 22, 2024
    • Individual RAUM · $82.8M to $100M
      Feb 8, 2023 to Feb 22, 2024
    • Pension RAUM · $59.0M to $72.1M
      Feb 8, 2023 to Feb 22, 2024
    • RAUM · $506M to $617M
      Feb 8, 2023 to Feb 22, 2024
    • Wrap assets (sponsor) · $9.0M to $0
      Feb 8, 2023 to Feb 22, 2024
    • Accounts · 1,611 to 1,685
      Feb 10, 2022 to Feb 8, 2023
    • Corporate clients · 17 to 18
      Feb 10, 2022 to Feb 8, 2023
    Signals
    4 dated events
    • D••••••• I••••••••• L•• reported RAUM $580.7M, up 28% from $452.2M (2021-10-01 to 2022-02-10)
      Feb 10, 2022 · RAUM change · derived
    • Nichols Doyal Brown (Managing Member) no longer on Schedule A of D••••••• I••••••••• L•• (listed 2021-10-01, absent 2022-02-10)
      Feb 10, 2022 · Control person left · inference
    • D••••••• I••••••••• L•• reported RAUM $406.0M, up 33% from $305.0M (2019-06-10 to 2020-01-23)
      Jan 23, 2020 · RAUM change · derived
    • Phillip Edward Cicchillo (Managing Member And Chief Compliance Officer) no longer on Schedule A of D••••••• I••••••••• L•• (listed 2018-02-28, absent 2019-01-31)
      Jan 31, 2019 · Control person left · inference
    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
    c••••••@d•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business email
    b•••••@d•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business phone
    800-798-5713reportedpublished by the firm, firm site, Sep 15, 2026
    Business phone
    909-328-4207reportedpublished by the firm, firm site, Sep 15, 2026
    Website
    D•••••••INVESTORSLLC.COMreportedpublic record, Form ADV, Sep 21, 2026
    Principal office phone
    (909) 792-2894reportedpublic record, Form ADV, Feb 25, 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
    $221Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026