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

B••••••••• F•••••••• A•••••••

Independent wealth managerColumbia, MarylandCRD 159388SEC 801-76893websiteIAPD
Legal name B••••••••• F•••••••• A•••••••• I•••
Latest filing Mar 19, 2026
First filing on the tape Jul 2, 2012 · 49 filings
SEC status approved since Jun 29, 2012
RAUM
$3.0B
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
99%
$3.0B individuals and HNW
Advisors
13
registered through the firm on IAPD
RAUM per advisor
$230M
derived; firm RAUM over IAPD count
Employees
36
13 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
49 filings and snapshots on the tape
RAUM$3.0B as of Mar 19, 2026
Mar 7, 2013$304M then
HNW client RAUM$2.1B as of Mar 19, 2026
Mar 9, 2018$537M then
State-registered IARs (5.B.3)13 as of Mar 19, 2026
Mar 7, 201310 then
Employees (5.A)36 as of Mar 19, 2026
Mar 7, 201322 then
Private funds: no history
RAUM +20% over the last fiscal year+27% a year over threeIARs 11 to 13
Practice profile
derived from the filing of Mar 19, 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
$230MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
406derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.4MderivedHNW RAUM over HNW clients
Average account
$563,210derivedRAUM over accounts (5.F.2.f)
Discretionary
96%derivedof RAUM
Institutional
0.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.8derivedItem 5.A over advisors
Advisors per office
13.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
+18%derivedItem 5.B.3 between annual amendments
Client growth, one year
+15%derived
Compensation
percentage of assets, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, educational seminars, otherreportedItem 5.G
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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$2.1B69%
  • Individuals$900M30%
  • Charitable organizations$21.4M0.7%
  • Corporations and businesses$1.6M0.1%
Individual clients
4,400reported
HNW clients
872reported
Pension plan clients
n/areported
Charitable clients
18reported
Accounts
5,301reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
13 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J••• C••••••••• K••••Certified Financial PlannerColumbia, MdJul 24, 201216 y1
R••••• G• C••••••••Columbia, MdJul 25, 201236 y3
J••••• A•••••• C•••••Certified Financial PlannerColumbia, MdNov 27, 201219 y1
T••• J••••• I•••••Certified Financial PlannerColumbia, MdFeb 25, 201320 y5
T••••••• H•••••Columbia, MdFeb 13, 201528 y3
J••••• U• M•••••••Columbia, MdJun 5, 201537 y2
T•••• K••••Certified Financial PlannerColumbia, MdFeb 24, 20189 y0
M•••••• S•••••Chartered Financial ConsultantColumbia, MdOct 23, 201913 y0
L••••••• M• P•••Certified Financial PlannerColumbia, MdDec 18, 201926 y3
T•••• D••••• C•••••••••Certified Financial PlannerColumbia, MdMar 4, 20219 y1
M•• P•••••••Columbia, MdFeb 27, 202313 y0
T••••••• J••••• J••••Columbia, MdJan 23, 202411 y1
S••••••• N•••Columbia, MdAug 25, 202513 y2
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 headcount3 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • C••••••••• R•••••• G• · President & Chief Compliance Officercontrol
    since 06/2012 · owns 75% or more
  • M••••• M•••••• E•••• · Director, Client Servicescontrol
    since 07/2013 · owns less than 5%
  • M•••••••• J•••••• U• · Chief Operating Officercontrol
    since 07/2013 · 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
OfficeAdvisorsJoinedLeftTeams outForming
Columbia, Md · principal1300
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 4,975 to 5,301
    Nov 10, 2025 to Mar 19, 2026
  • Advisory employees · 11 to 13
    Nov 10, 2025 to Mar 19, 2026
  • Charity clients · 14 to 18
    Nov 10, 2025 to Mar 19, 2026
  • Corporate clients · 18 to 11
    Nov 10, 2025 to Mar 19, 2026
  • HNW clients · 812 to 872
    Nov 10, 2025 to Mar 19, 2026
  • Individual clients · 4,131 to 4,400
    Nov 10, 2025 to Mar 19, 2026
  • Employees · 32 to 36
    Nov 10, 2025 to Mar 19, 2026
  • State-registered IARs · 11 to 13
    Nov 10, 2025 to Mar 19, 2026
  • Discretionary RAUM · $2.7B to $2.9B
    Nov 10, 2025 to Mar 19, 2026
  • HNW RAUM · $2.0B to $2.1B
    Nov 10, 2025 to Mar 19, 2026
  • Individual RAUM · $834M to $900M
    Nov 10, 2025 to Mar 19, 2026
  • Non-discretionary RAUM · $132M to $124M
    Nov 10, 2025 to Mar 19, 2026
  • RAUM · $2.8B to $3.0B
    Nov 10, 2025 to Mar 19, 2026
  • Accounts · 4,597 to 4,975
    Apr 22, 2025 to Nov 10, 2025
  • Charity clients · 13 to 14
    Apr 22, 2025 to Nov 10, 2025
  • Corporate clients · 19 to 18
    Apr 22, 2025 to Nov 10, 2025
  • HNW clients · 726 to 812
    Apr 22, 2025 to Nov 10, 2025
  • Individual clients · 3,839 to 4,131
    Apr 22, 2025 to Nov 10, 2025
  • Discretionary RAUM · $2.4B to $2.7B
    Apr 22, 2025 to Nov 10, 2025
  • HNW RAUM · $1.7B to $2.0B
    Apr 22, 2025 to Nov 10, 2025
  • Individual RAUM · $781M to $834M
    Apr 22, 2025 to Nov 10, 2025
  • Non-discretionary RAUM · $124M to $132M
    Apr 22, 2025 to Nov 10, 2025
  • RAUM · $2.5B to $2.8B
    Apr 22, 2025 to Nov 10, 2025
  • Accounts · 3,822 to 4,597
    Nov 7, 2024 to Apr 22, 2025
  • Charity clients · 4 to 13
    Nov 7, 2024 to Apr 22, 2025
  • Corporate clients · 16 to 19
    Nov 7, 2024 to Apr 22, 2025
  • HNW clients · 562 to 726
    Nov 7, 2024 to Apr 22, 2025
  • Individual clients · 3,240 to 3,839
    Nov 7, 2024 to Apr 22, 2025
  • Employees · 28 to 32
    Nov 7, 2024 to Apr 22, 2025
  • Financial planning clients · 251-500 to 251-500
    Nov 7, 2024 to Apr 22, 2025
  • Discretionary RAUM · $1.9B to $2.4B
    Nov 7, 2024 to Apr 22, 2025
  • HNW RAUM · $1.2B to $1.7B
    Nov 7, 2024 to Apr 22, 2025
  • Individual RAUM · $671M to $781M
    Nov 7, 2024 to Apr 22, 2025
  • Non-discretionary RAUM · $81.9M to $124M
    Nov 7, 2024 to Apr 22, 2025
  • RAUM · $1.9B to $2.5B
    Nov 7, 2024 to Apr 22, 2025
  • Accounts · 3,458 to 3,822
    Oct 31, 2023 to Mar 21, 2024
  • Charity clients · 2 to 4
    Oct 31, 2023 to Mar 21, 2024
  • HNW clients · 470 to 562
    Oct 31, 2023 to Mar 21, 2024
  • Individual clients · 2,970 to 3,240
    Oct 31, 2023 to Mar 21, 2024
  • Employees · 22 to 28
    Oct 31, 2023 to Mar 21, 2024
Signals
8 dated events
  • J••••• T••••• D•••••• left B••••••••• F•••••••• A••••••• for D••••••• W••••• M••••••••• (registered 2025-08-12)
    Aug 22, 2025 · Advisor changed firm · fact
  • B••••••••• F•••••••• A••••••• reported RAUM $2.5B, up 29% from $1.9B (2024-11-07 to 2025-04-22)
    Apr 22, 2025 · RAUM change · derived
  • K••••• E•••• left B••••••••• F•••••••• A••••••• for M•••••• L••••• P•••••• F••••• • S•••• I••••••••• (registered 2024-07-05)
    Jun 20, 2024 · Advisor changed firm · fact
  • P••••• G••• left B••••••••• F•••••••• A••••••• for M•••••• L••••• P•••••• F••••• • S•••• I••••••••• (registered 2024-06-11)
    Dec 14, 2023 · Advisor changed firm · fact
  • M•••••• K•••••• left B••••••••• F•••••••• A••••••• for J••• M••••• S••••••••• L•• (registered 2023-06-02)
    Sep 16, 2022 · Advisor changed firm · fact
  • B••••••••• F•••••••• A••••••• reported RAUM $1.6B, up 26% from $1.2B (2021-03-14 to 2022-03-24)
    Mar 24, 2022 · RAUM change · derived
  • B••••••••• F•••••••• A••••••• reported succeeding to the business of Another Adviser (Form ADV Item 4)
    Jul 2, 2012 · Succession (Item 4) · fact
  • B••••••••• F•••••••• A••••••• filed its initial SEC registration (Form ADV)
    Jul 2, 2012 · 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.
How to reach
public business contact points only, each with its source
Business phone
888-461-3900reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
410-461-3900reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
443-539-0330reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/284379reportedpublic record, Form ADV, Sep 18, 2026
Website
bwfa.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
410-461-3900reportedpublic record, Form ADV, Mar 19, 2026
Team page
bwfa.com/managementreportedpublished 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
$230Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026