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.
Former SEC-registered adviser
Source Financial Advisors, LLC
Latest filing Mar 28, 2024
First filing on the tape Aug 8, 2012 · 47 filings
RAUM
$519M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
100%
$517M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
1 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
47 filings and snapshots on the tape
RAUM$519M as of Mar 28, 2024
Mar 28, 2013$135M then
HNW client RAUM$507M as of Mar 28, 2024
Mar 16, 2018$274M then
State-registered IARs (5.B.3)1 as of Mar 28, 2024
Mar 28, 20130 then
Employees (5.A)4 as of Mar 28, 2024
Mar 28, 20135 then
Private funds: no history
RAUM +15% over the last fiscal year-2.9% a year over threeIARs 2 to 1
Practice profile
derived from the filing of Mar 28, 2024; every figure names its basis
- RAUM per advisor
- $519MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 97derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $8.3MderivedHNW RAUM over HNW clients
- Average account
- $1.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.0derivedItem 5.A over advisors
- Advisors per office
- 0.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +15%derivedbetween the last two annual amendments
- Advisor growth, one year
- -50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -2.0%derived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, educational seminarsreportedItem 5.G
- Custody
- $24.4M, 20 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)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$507M98%
- Individuals$10.4M2.0%
- Corporations and businesses$2.2M0.4%
- Individual clients
- 36reported
- HNW clients
- 61reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 452reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $24.4M for 20 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
- Michelle Marie Smith to Savant Wealth ManagementDec 11, 2024 · RIA to RIA
- Patrick Shi-Fan Huang to Hamilton CapitalFeb 22, 2024 · RIA to RIA
- Gerson Robert Ossers to Shufro, Rose & Co., LLCAug 20, 2019 · RIA to RIA
- Justin Anthony Reckers to Advisory Services NetworkOct 6, 2015 · Other
- Jonathan Michael Luskin to Advanced Practice Advisors, LLCAug 12, 2015 · Other
Joined, latest
- Patrick Shi-Fan Huang from Morgan StanleyDec 19, 2019 · Wirehouse to independent RIA
- Gerson Robert Ossers from ProcyonJun 21, 2018 · RIA to RIA
- Jonathan Michael Luskin from Wealth Analytics Partners, LLCApr 30, 2015 · Other
- Justin Anthony Reckers from Pacific Wealth ManagementApr 30, 2015 · Other
- Michelle Marie Smith from Lebenthal Asset Management, LLCOct 1, 2012 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Kathryn Megan Benner · Chief Compliance Officercontrolsince 01/2023 · owns less than 5%
- Marie Michelle Smith · Managing Membercontrolsince 07/2012 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Columbus, Oh | 0 | 0 | 0 | ||
| New York, Ny · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Newburgh, NY1 employees
What changed
consecutive filings, newest first
- Accounts · 436 to 452Jul 31, 2023 to Mar 28, 2024
- Advisory employees · 2 to 1Jul 31, 2023 to Mar 28, 2024
- Corporate clients · unset to 1.0Jul 31, 2023 to Mar 28, 2024
- HNW clients · 55 to 61Jul 31, 2023 to Mar 28, 2024
- Individual clients · 44 to 36Jul 31, 2023 to Mar 28, 2024
- Assets in custody · $17.7M to $24.4MJul 31, 2023 to Mar 28, 2024
- Employees · 6 to 4Jul 31, 2023 to Mar 28, 2024
- State-registered IARs · 2 to 1Jul 31, 2023 to Mar 28, 2024
- Discretionary RAUM · $448M to $513MJul 31, 2023 to Mar 28, 2024
- HNW RAUM · $435M to $507MJul 31, 2023 to Mar 28, 2024
- Individual RAUM · $15.4M to $10.4MJul 31, 2023 to Mar 28, 2024
- Non-discretionary RAUM · $2.3M to $6.1MJul 31, 2023 to Mar 28, 2024
- RAUM · $451M to $519MJul 31, 2023 to Mar 28, 2024
- Accounts · 395 to 436Sep 2, 2022 to Mar 30, 2023
- HNW clients · 56 to 55Sep 2, 2022 to Mar 30, 2023
- Individual clients · 26 to 44Sep 2, 2022 to Mar 30, 2023
- Assets in custody · unset to 17730679.0Sep 2, 2022 to Mar 30, 2023
- Custody of client assets · false to trueSep 2, 2022 to Mar 30, 2023
- Employees · 7 to 6Sep 2, 2022 to Mar 30, 2023
- Financial planning clients · 11-25 to 1-10Sep 2, 2022 to Mar 30, 2023
- Discretionary RAUM · $478M to $448MSep 2, 2022 to Mar 30, 2023
- HNW RAUM · $552M to $435MSep 2, 2022 to Mar 30, 2023
- Individual RAUM · $8.4M to $15.4MSep 2, 2022 to Mar 30, 2023
- Non-discretionary RAUM · $81.8M to $2.3MSep 2, 2022 to Mar 30, 2023
- RAUM · $560M to $451MSep 2, 2022 to Mar 30, 2023
- Accounts · 349 to 395Nov 1, 2021 to Mar 14, 2022
- Advisory employees · 3 to 2Nov 1, 2021 to Mar 14, 2022
- BD registered reps · 1 to 0Nov 1, 2021 to Mar 14, 2022
- HNW clients · 53 to 56Nov 1, 2021 to Mar 14, 2022
- Individual clients · 25 to 26Nov 1, 2021 to Mar 14, 2022
- State-registered IARs · 3 to 2Nov 1, 2021 to Mar 14, 2022
- Discretionary RAUM · $446M to $478MNov 1, 2021 to Mar 14, 2022
- HNW RAUM · $557M to $552MNov 1, 2021 to Mar 14, 2022
- Individual RAUM · $9.4M to $8.4MNov 1, 2021 to Mar 14, 2022
- Non-discretionary RAUM · $121M to $81.8MNov 1, 2021 to Mar 14, 2022
- RAUM · $567M to $560MNov 1, 2021 to Mar 14, 2022
- Other offices · 0 to 1Mar 11, 2021 to Mar 15, 2021
- Accounts · 303 to 349Feb 1, 2021 to Mar 11, 2021
- BD registered reps · 0 to 1Feb 1, 2021 to Mar 11, 2021
- HNW clients · 54 to 53Feb 1, 2021 to Mar 11, 2021
Signals
8 dated events
- Michelle Marie Smith left Source Financial Advisors, Llc for Savant Wealth Management (registered 2024-12-10)Dec 11, 2024 · Advisor changed firm · fact
- Patrick Shi-Fan Huang left Source Financial Advisors, Llc for Hamilton Capital (registered 2024-03-18)Feb 22, 2024 · Advisor changed firm · fact
- Carey Mark Rosenthal (Chief Compliance Officer) no longer on Schedule A of Source Financial Advisors, Llc (listed 2022-09-02, absent 2023-03-30)Mar 30, 2023 · Control person left · inference
- Kathryn Megan Benner (Chief Compliance Officer) appeared on Schedule A of Source Financial Advisors, LlcMar 30, 2023 · Control person joined · fact
- Carey Mark Rosenthal (Chief Compliance Officer) appeared on Schedule A of Source Financial Advisors, LlcMay 25, 2021 · Control person joined · fact
- James John Glasheen (Chief Compliance Officer) no longer on Schedule A of Source Financial Advisors, Llc (listed 2021-03-19, absent 2021-05-25)May 25, 2021 · Control person left · inference
- Source Financial Advisors, Llc reported RAUM $464.8M, up 37% from $340.5M (2019-08-21 to 2020-03-16)Mar 16, 2020 · RAUM change · derived
- Source Financial Advisors, Llc filed its initial SEC registration (Form ADV)Aug 8, 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.
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
- Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026