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

Marshall + Sterling Wealth Advisors, Inc.

Wealth manager with institutional or fund businessPoughkeepsie, New YorkCRD 164345SEC 801-78688website IAPD

Latest filing May 12, 2026

First filing on the tape Oct 7, 2013 · 35 filings

SEC status approved since Nov 1, 2013

RAUM

$1.6B

reported, Item 5.F

Discretionary

26%

of RAUM

Private clients

22%

$345M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$159M

derived; firm RAUM over IAPD count

Employees

9 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

35 filings and snapshots on the tape

RAUM$1.6B as of May 12, 2026

Mar 27, 2014$30.1M then

HNW client RAUM$154M as of May 12, 2026

Mar 29, 2018$25.8M then

State-registered IARs (5.B.3)9 as of May 12, 2026

Mar 27, 20141 then

Employees (5.A)15 as of May 12, 2026

Mar 27, 20146 then

Private funds: no history

RAUM +59% over the last fiscal year+55% a year over threeIARs 6 to 9

Practice profile

derived from the filing of May 12, 2026; every figure names its basis

Archetypes, each a printed rule

Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
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
Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets

RAUM per advisor: $159MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 79derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $1.7MderivedHNW RAUM over HNW clients
Average account: $1.0MderivedRAUM over accounts (5.F.2.f)
Discretionary: 26%derivedof RAUM
Institutional: 75%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.5derivedItem 5.A over advisors
Advisors per office: 5.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year: +59%derivedbetween the last two annual amendments
Advisor growth, one year: +50%derivedItem 5.B.3 between annual amendments
Client growth, one year: +3.4%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: $414MreportedItem 5.I
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

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)

Where the RAUM sits

Form ADV Item 5.D, latest filing

Pension and profit-sharing plans$1.2B74%
Individuals$192M12%
High-net-worth individuals$154M9.7%
Corporations and businesses$46.8M2.9%
Insurance companies$22.6M1.4%
Charitable organizations$3.0M0.2%

Individual clients: 700reported
HNW clients: 91reported
Pension plan clients: 95reported
Charitable clients: 8reported
Accounts: 1,536reported
Financial planning clients: 11-25reported
Wrap fee programs: $0 sponsored, $0 managedreported
Custody of client assets: noreported
Compensation: % of AUM, fixed, hourlyreported
Class basis: private_client_share=0.22 fund_share=0.0 institutional_share=0.75 related_bd=false related_bank=false bd_reps=8.0derived

Advisors registered through the firm

10 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Craig Matthew PesceCertified Financial Planner	Poughkeepsie, Ny	May 30, 2018	28 y	0
Jesse David UttendorferCertified Financial Planner	Kingston, Ny	Aug 27, 2021	13 y	0
Chintan Hariprakash ShuklaChartered Financial Analyst	Poughkeepsie, Ny	Aug 27, 2021	17 y	1
Michael Ambrose RyanCertified Financial Planner	Kingston, Ny	Aug 27, 2021	34 y	0
Stephen Anthony ValentinoCertified Financial Planner	Poughkeepsie, Ny	Aug 29, 2021	11 y	0
Kelsey Ruth Ponesse	Poughkeepsie, Ny	Sep 2, 2021	10 y	1
Dean A Lysenko	Poughkeepsie, Ny	Sep 2, 2021	21 y	0
Devin Michael Mcgill	Poughkeepsie, Ny	Jan 20, 2026	14 y	4
Timothy L Paulson	Poughkeepsie, Ny	May 1, 2026	17 y	1
Matthew Larkin Dehond	Poughkeepsie, Ny	Jun 3, 2026	21 y	0

Advisor movement

0 left, 2 joined in 12 months

net +2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months

Left, latest

Robert Blenkle to Ameriprise Financial Services, LLC
Jan 8, 2022 · RIA to affiliated broker-dealer or bank
Tiffany Lea Soricelli to Virtuoso Asset Management LLC
Apr 26, 2021 · Other
Joseph Napolitano to Gladstone Wealth Partners
Feb 12, 2021 · RIA to affiliated broker-dealer or bank
Susan M Pineiro to Northwestern Mutual Investment Services,LLC
Mar 12, 2020 · Other
Colin Stewart to LPL Financial LLC
Oct 2, 2018 · RIA to RIA
John Scott Morgan to Mountain View Strategic Wealth, LLC
Jun 29, 2018 · RIA to RIA

Joined, latest

Timothy L Paulson from Virtus Investment Advisers, LLC
May 1, 2026 · Other
Devin Michael Mcgill from Key Investment Services LLC
Jan 20, 2026 · Affiliated broker-dealer or bank to independent RIA
Kelsey Ruth Ponesse from Commonwealth Financial Network
Sep 2, 2021 · Affiliated broker-dealer or bank to independent RIA
Chintan Hariprakash Shukla from Raymond James Financial Services Advisors, Inc
Aug 27, 2021 · Other
Robert Blenkle from Equitable Advisors, LLC
Oct 5, 2019 · Affiliated broker-dealer or bank to independent RIA
Joseph Napolitano from First Standard Financial Advisory
Apr 22, 2019 · Other
Susan M Pineiro from Merrill Lynch, Pierce, Fenner & Smith Incorporated
Jan 5, 2017 · Other

Every departure Every arrival

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Elizabeth Nicole Keppel · Vice Presidentcontrol
since 01/2026 · owns less than 5%
Matthew Craig Pesce · Chief Compliance Officer And Director / Presidentcontrol
since 02/2013 · owns less than 5%
Ambrose Michael Ryan · Vice Presidentcontrol
since 06/2016 · owns less than 5%
Hariprakash Chintan Shukla · Avpcontrol
since 01/2026 · owns less than 5%
Elizabeth Nicole Keppel · Trusteecontrol
since 01/2024 · owns F of Marshall & Sterling Enterprises, Inc. Employee Stock Ownership Plan
J Frank Smith · Trustee
since 01/2023 · owns 25% to 50% of Marshall & Sterling Enterprises, Inc. Employee Stock Ownership Plan
M. Krystal Woods · Trustee
since 12/2022 · owns F of Marshall & Sterling Enterprises, Inc.

Entity owners

Marshall & Sterling Enterprises, Inc. · Owner
direct · owns 75% or more
Marshall & Sterling Enterprises, Inc. Employee Stock Ownership Plan · Trust
indirect · owns 75% or more of Marshall & Sterling Enterprises, Inc.

Related persons

Schedule D 7.A

Marshall & Sterling St. Croix, Inc.
real estaten
Marshall & Sterling St. Thomas, Inc.
real estaten
Marshall & Sterling Upstate, Inc.
real estaten
Marshall & Sterling, Inc.
real estaten

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
Poughkeepsie, Ny · principal	9	3	0
Kingston, Ny	2	0	0

Offices

Schedule D 1.F, the 25 largest

Kingston, NY1 employees
, 1 employees

ADV anomalies

5 against comparable advisers; where to look, not conclusions

high institutional concentrationStatic outlier · filing May 12, 2026
institutional share of RAUM of 75% against a peer median of 3% (1360 comparable advisers, 99.0th percentile, 18.0 robust deviations)
peers: independent wealth managers, $1B to $5B (1,360) · 99% percentile
control person changedChange between filings · filing May 12, 2026
SHUKLA, CHINTAN, HARIPRAKASH (AVP) appeared on Schedule A between the filings of 2024-07-23 and 2026-05-12
peers: independent wealth managers, $1B to $5B (1,360)
RAUM up clients flatCombination · filing Apr 23, 2026
RAUM grew 50 percent or more while private clients stayed within 5 percent: existing clients grew, a few large clients arrived, or a reporting change. RAUM $995,832,115 to $1,586,218,016, advisors 6 to 9, private clients 765 to 791, offices 1 to 1 (2025-04-07 to 2026-04-23)
peers: independent wealth managers, $1B to $5B (1,360)
advisor count surgeChange between filings · filing Apr 23, 2026
advisory representatives (Item 5.B.3) moved from 6.0 to 9.0 (+50.0%) between the annual amendments of 2025-04-07 and 2026-04-23; the peer median change was 0.0% (999 comparable advisers, 95.0th percentile of changes)
peers: independent wealth managers, $1B to $5B (999) · 95% percentile
RAUM up 50 %Change between filings · filing Apr 23, 2026
RAUM (Item 5.F) moved from $995,832,115 to $1,586,218,016 (+59.0%) between the annual amendments of 2025-04-07 and 2026-04-23; the peer median change was +17.0% (1297 comparable advisers, 94.0th percentile of changes)
peers: independent wealth managers, $1B to $5B (1,297) · 94% percentile

How anomalies are measured

What changed

consecutive filings, newest first

Accounts · 1,598 to 1,536
Jan 20, 2026 to Mar 31, 2026
Advisory employees · 7 to 9
Jan 20, 2026 to Mar 31, 2026
BD registered reps · 7 to 8
Jan 20, 2026 to Mar 31, 2026
Corporate clients · 8 to 7
Jan 20, 2026 to Mar 31, 2026
HNW clients · 68 to 91
Jan 20, 2026 to Mar 31, 2026
Individual clients · 697 to 700
Jan 20, 2026 to Mar 31, 2026
Pension plan clients · 228 to 95
Jan 20, 2026 to Mar 31, 2026
Employees · 13 to 15
Jan 20, 2026 to Mar 31, 2026
Financial planning clients · 1-10 to 11-25
Jan 20, 2026 to Mar 31, 2026
State-registered IARs · 6 to 9
Jan 20, 2026 to Mar 31, 2026
Discretionary RAUM · $376M to $418M
Jan 20, 2026 to Mar 31, 2026
HNW RAUM · $134M to $154M
Jan 20, 2026 to Mar 31, 2026
Individual RAUM · $167M to $192M
Jan 20, 2026 to Mar 31, 2026
Non-discretionary RAUM · $620M to $1.2B
Jan 20, 2026 to Mar 31, 2026
Pension RAUM · $629M to $1.2B
Jan 20, 2026 to Mar 31, 2026
RAUM · $996M to $1.6B
Jan 20, 2026 to Mar 31, 2026
Business name · MARSHALL & STERLING WEALTH ADVISORS, INC. to MARSHALL + STERLING WEALTH ADVISORS, INC.
Apr 7, 2025 to Jan 20, 2026
Legal name · MARSHALL & STERLING WEALTH ADVISORS, INC. to MARSHALL + STERLING WEALTH ADVISORS, INC.
Apr 7, 2025 to Jan 20, 2026
Accounts · 1,484 to 1,598
Jan 24, 2025 to Apr 7, 2025
Advisory employees · 6 to 7
Jan 24, 2025 to Apr 7, 2025
BD registered reps · 5 to 7
Jan 24, 2025 to Apr 7, 2025
Charity clients · 7 to 8
Jan 24, 2025 to Apr 7, 2025
HNW clients · 34 to 68
Jan 24, 2025 to Apr 7, 2025
Individual clients · 573 to 697
Jan 24, 2025 to Apr 7, 2025
Pension plan clients · 197 to 228
Jan 24, 2025 to Apr 7, 2025
Financial planning clients · 26-50 to 1-10
Jan 24, 2025 to Apr 7, 2025
Other offices · 2 to 1
Jan 24, 2025 to Apr 7, 2025
Discretionary RAUM · $321M to $376M
Jan 24, 2025 to Apr 7, 2025
HNW RAUM · $61.2M to $134M
Jan 24, 2025 to Apr 7, 2025
Individual RAUM · $198M to $167M
Jan 24, 2025 to Apr 7, 2025
Non-discretionary RAUM · $343M to $620M
Jan 24, 2025 to Apr 7, 2025
Pension RAUM · $349M to $629M
Jan 24, 2025 to Apr 7, 2025
RAUM · $664M to $996M
Jan 24, 2025 to Apr 7, 2025
Accounts · 1,244 to 1,484
Dec 14, 2023 to Mar 29, 2024
Advisory employees · 8 to 6
Dec 14, 2023 to Mar 29, 2024
BD registered reps · 7 to 5
Dec 14, 2023 to Mar 29, 2024
Charity clients · 6 to 7
Dec 14, 2023 to Mar 29, 2024
Corporate clients · 9 to 8
Dec 14, 2023 to Mar 29, 2024
HNW clients · 46 to 34
Dec 14, 2023 to Mar 29, 2024
Individual clients · 483 to 573
Dec 14, 2023 to Mar 29, 2024

Signals

11 dated events

Marshall + Sterling Wealth Advisors, Inc. reported RAUM $1.6B, up 59% from $995.8M (2026-01-20 to 2026-03-31)
Mar 31, 2026 · RAUM change · derived
Marshall + Sterling Wealth Advisors, Inc. reported RAUM $995.8M, up 50% from $663.9M (2025-01-24 to 2025-04-07)
Apr 7, 2025 · RAUM change · derived
Reeck Catherine Shanks (Trustee) no longer on Schedule A of Marshall + Sterling Wealth Advisors, Inc. (listed 2024-03-29, absent 2024-07-23)
Jul 23, 2024 · Control person left · inference
Marie Jeanne Maloy (Trustee) no longer on Schedule A of Marshall + Sterling Wealth Advisors, Inc. (listed 2024-03-29, absent 2024-07-23)
Jul 23, 2024 · Control person left · inference
Elizabeth Nicole Keppel (Trustee) appeared on Schedule A of Marshall + Sterling Wealth Advisors, Inc.
Mar 29, 2024 · Control person joined · fact
Marshall + Sterling Wealth Advisors, Inc. reported RAUM $663.9M, up 57% from $422.5M (2023-12-14 to 2024-03-29)
Mar 29, 2024 · RAUM change · derived
Timothy Rychcik (Trustee) no longer on Schedule A of Marshall + Sterling Wealth Advisors, Inc. (listed 2022-11-04, absent 2023-03-31)
Mar 31, 2023 · Control person left · inference
Edward Timothy Dean (Secretary) no longer on Schedule A of Marshall + Sterling Wealth Advisors, Inc. (listed 2022-11-04, absent 2023-03-31)
Mar 31, 2023 · Control person left · inference
Robert Blenkle left Marshall + Sterling Wealth Advisors, Inc. for Ameriprise Financial Services, Llc (registered 2022-01-07)
Jan 8, 2022 · Advisor changed firm · fact
Marshall + Sterling Wealth Advisors, Inc. reported RAUM $340.3M, up 121% from $153.9M (2020-06-26 to 2021-03-18)
Mar 18, 2021 · RAUM change · derived
Marshall & Sterling Wealth Advisors, Inc. filed its initial SEC registration (Form ADV)
Oct 7, 2013 · 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 email: info@marshallsterling.comreportedpublished by the firm, firm site, Sep 15, 2026
Business phone: 800-333-3766reportedpublished by the firm, firm site, Sep 15, 2026
Website: marshallsterling.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: 845-554-1046reportedpublic record, Form ADV, May 12, 2026
Contact form: marshallsterling.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
Team page: marshallsterling.com/leadershipreportedpublished 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: Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
RAUM per advisor: $159Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026