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••••••• T•• L••
Latest filing Mar 11, 2026
First filing on the tape Sep 6, 2012 · 36 filings
SEC status approved since Oct 2, 2012
RAUM
$238M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$234M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$119M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
36 filings and snapshots on the tape
RAUM$238M as of Mar 11, 2026
Apr 29, 2013$126M then
HNW client RAUM$201M as of Mar 11, 2026
Feb 28, 2018$148M then
State-registered IARs (5.B.3)2 as of Mar 11, 2026
Apr 29, 20134 then
Employees (5.A)4 as of Mar 11, 2026
Apr 29, 20136 then
Private funds1 as of Mar 11, 2026
Mar 26, 20191 then
RAUM +6.3% over the last fiscal year+8.9% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 11, 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
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $119MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 66derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.4MderivedHNW RAUM over HNW clients
- Average account
- $244,134derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +6.3%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +7.3%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- Custody
- $831,827, 1 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$201M84%
- Individuals$33.2M14%
- Charitable organizations$3.7M1.6%
- Individual clients
- 73reported
- HNW clients
- 59reported
- Pension plan clients
- 0reported
- Charitable clients
- 1reported
- Accounts
- 973reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $831,827 for 1 clientsreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| H•••• Z••••• R•••• | San Francisco, Ca | Mar 23, 2023 | 29 y | 4 |
| D•••• A•••• R•••• | San Francisco, Ca | Jun 15, 2024 | 13 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 headcount0 left over 36 months
Left, latest
- N••••• L•••• B•••••• to M•••••• L••••• P•••••• F••••• • S•••• I•••••••••May 7, 2019 · RIA to wirehouse
- K•••••• E••••• T••••• to M•••••• W••••• M••••••••• L•Jul 17, 2018 · RIA to RIA
Joined, latest
- H•••• Z••••• R•••• from M••••• S••••••Mar 23, 2023 · Wirehouse to independent RIA
- N••••• L•••• B•••••• from R•• C•••••• M••••••• L••Jul 5, 2018 · Affiliated broker-dealer or bank to independent RIA
- K•••••• E••••• T••••• from M••••• S••••••Oct 25, 2012 · Wirehouse to a newly registered adviser (no RAUM reported yet)
Private funds
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| M••••••• C•••••• F••• I• L•no longer reported | Other Private Fund | $4.0M | 37 | Oct 25, 2018 |
| M••••••• C•••••• F••• I• L• • C•••••• 2••• S••••• P••• | Other Private Fund | $3.0M | 66 | Nov 5, 2019 |
Owners and control persons
Schedule A and B, latest filing
- R••••• H••••• Z••••• · Member- Manager, Chief Executive Officer, Chief Compliance Officercontrolsince 08/2012 · owns 75% or more
Related persons
Schedule D 7.A
- M••••••• C•••••• F••• I• G•• L••pooled vehicle sponsorn
Advisers that list M••••••• T•• L•• as a related person
- 299692 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| San Francisco, Ca · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 930 to 973May 5, 2025 to Mar 11, 2026
- Charity clients · 2 to 1May 5, 2025 to Mar 11, 2026
- HNW clients · 60 to 59May 5, 2025 to Mar 11, 2026
- Individual clients · 63 to 73May 5, 2025 to Mar 11, 2026
- Assets in custody · $3.0M to $831,827May 5, 2025 to Mar 11, 2026
- Discretionary RAUM · $223M to $238MMay 5, 2025 to Mar 11, 2026
- HNW RAUM · $196M to $201MMay 5, 2025 to Mar 11, 2026
- Individual RAUM · $25.8M to $33.2MMay 5, 2025 to Mar 11, 2026
- RAUM · $223M to $238MMay 5, 2025 to Mar 11, 2026
- Financial planning clients · unset to Mar 27, 2025 to May 5, 2025
- Accounts · 840 to 930Jun 17, 2024 to Mar 27, 2025
- HNW clients · 47 to 60Jun 17, 2024 to Mar 27, 2025
- Individual clients · 70 to 63Jun 17, 2024 to Mar 27, 2025
- Discretionary RAUM · $199M to $223MJun 17, 2024 to Mar 27, 2025
- HNW RAUM · $170M to $196MJun 17, 2024 to Mar 27, 2025
- Individual RAUM · $26.6M to $25.8MJun 17, 2024 to Mar 27, 2025
- RAUM · $199M to $223MJun 17, 2024 to Mar 27, 2025
- Advisory employees · 2 to 3Mar 19, 2024 to Jun 17, 2024
- Employees · 3 to 4Mar 19, 2024 to Jun 17, 2024
- State-registered IARs · 1 to 2Mar 19, 2024 to Jun 17, 2024
- Charity clients · 1 to 2Nov 10, 2023 to Mar 12, 2024
- HNW clients · 48 to 47Nov 10, 2023 to Mar 12, 2024
- Individual clients · 10 to 70Nov 10, 2023 to Mar 12, 2024
- Pooled vehicle clients · 1 to 0Nov 10, 2023 to Mar 12, 2024
- Discretionary RAUM · $184M to $199MNov 10, 2023 to Mar 12, 2024
- HNW RAUM · $146M to $170MNov 10, 2023 to Mar 12, 2024
- Individual RAUM · $36.7M to $26.6MNov 10, 2023 to Mar 12, 2024
- RAUM · $184M to $199MNov 10, 2023 to Mar 12, 2024
- Advisory activities · 2 to 3Mar 30, 2023 to Nov 10, 2023
- Pooled vehicle clients · 0 to 1Mar 30, 2023 to Nov 10, 2023
- Assets in custody · unset to 3045500.0Mar 30, 2023 to Nov 10, 2023
- Custody of client assets · false to trueMar 30, 2023 to Nov 10, 2023
- Private funds · unset to 1Mar 30, 2023 to Nov 10, 2023
- Related adviser · true to falseMar 30, 2023 to Nov 10, 2023
- Accounts · 101 to 840Mar 21, 2023 to Mar 30, 2023
- Charity clients · unset to 1.0Mar 21, 2023 to Mar 30, 2023
- HNW clients · 78 to 48Mar 21, 2023 to Mar 30, 2023
- Individual clients · 23 to 10Mar 21, 2023 to Mar 30, 2023
- Pension plan clients · unset to 0.0Mar 21, 2023 to Mar 30, 2023
- Discretionary RAUM · $183M to $184MMar 21, 2023 to Mar 30, 2023
Signals
1 dated events
- E•••••••• C•••••• filed its initial SEC registration (Form ADV)Sep 6, 2012 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- M••••••• T•• L•• · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Business email
- info@montcalmtcr.comreportedpublished by the firm, firm site, Sep 17, 2026
- Business email
- heathervandusen@montcalmtcr.comreportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- linkedin.com/company/montcalm-tcr/aboutreportedpublic record, Form ADV, Sep 18, 2026
- Website
- H••••://WWW.M•••••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 415-326-7650reportedpublic record, Form ADV, Mar 11, 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
- $119Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026