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
T••• P•••••• W••••• A•••••••• L••
Latest filing May 6, 2026
First filing on the tape Jul 31, 2012 · 46 filings
SEC status approved since Aug 7, 2012
RAUM
$1.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$1.4B individuals and HNW
Advisors
11
registered through the firm on IAPD
RAUM per advisor
$130M
derived; firm RAUM over IAPD count
Employees
22
22 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
46 filings and snapshots on the tape
RAUM$1.4B as of May 6, 2026
Mar 22, 2013$258M then
HNW client RAUM$941M as of May 6, 2026
Mar 28, 2018$702M then
State-registered IARs (5.B.3)12 as of May 6, 2026
Mar 22, 20134 then
Employees (5.A)22 as of May 6, 2026
Mar 22, 20138 then
Private funds: no history
RAUM +13% over the last fiscal year+15% a year over threeIARs 11 to 12
Practice profile
derived from the filing of May 6, 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
- $130MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 143derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.6MderivedHNW RAUM over HNW clients
- Average account
- $896,222derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 5.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%derivedbetween the last two annual amendments
- Advisor growth, one year
- +9.1%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +6.6%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 consulting, selection of other advisersreportedItem 5.G
- Custody
- $75.3M, 87 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)
- an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$941M66%
- Individuals$457M32%
- Charitable organizations$23.9M1.7%
- Corporations and businesses$2.6M0.2%
- Pension and profit-sharing plans$2.2M0.2%
- Individual clients
- 1,219reported
- HNW clients
- 357reported
- Pension plan clients
- 5reported
- Charitable clients
- 6reported
- Accounts
- 1,592reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $75.3M for 87 clientsreported
- Compensation
- % of AUM, fixed, 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
11 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M•••••• B•••• D•••• | Salem, Or | Sep 17, 2012 | 33 y | 1 |
| T••• A•••••• G•••••• | Salem, Or | Sep 17, 2012 | 32 y | 2 |
| J•••• D•••• H••••• | Salem, Or | Oct 26, 2012 | 27 y | 2 |
| M•••••• W••••• L••• | Salem, Or | Aug 4, 2014 | 25 y | 2 |
| S•••••• R••••• A••••• | Salem, Or | Nov 30, 2017 | 29 y | 1 |
| S••••• C•••••• B•••• | Salem, Or | Jan 11, 2021 | 41 y | 1 |
| J••••• M•••••• A•••••• | Salem, Or | Aug 25, 2022 | 13 y | 0 |
| M•••• E••••••• O•••• | Mcminnville, Or | Sep 1, 2023 | 22 y | 2 |
| T••••• C•••••• P•••••••Certified Financial Planner | Mcminnville, Or | Sep 1, 2023 | 18 y | 3 |
| M•••••• J••• B••• | Salem, Or | Nov 8, 2023 | 18 y | 0 |
| L••••• H••• D•••• | Mcminnville, Or | Oct 14, 2024 | 11 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 9.1% of current headcount4 left over 36 months
Left, latest
- A•••• G•••• A•••••• to F••••• I•••••••••May 7, 2026 · RIA to RIA
- J•••• C••• C••••• to I•••••••• W••••• L••Jul 10, 2024 · RIA to a newly registered adviser
- T••••• L••• H••••• to I•••••••• W••••• L••Jul 10, 2024 · RIA to RIA
- S•••• E•••••• S•••••• to I•••••••• W••••• L••Jul 10, 2024 · RIA to RIA
- C••••••••• A• H••••••• to D•••••• W••••• M••••••••• L••Apr 1, 2020 · RIA to a newly registered adviser
- J•••• A•••••••• B•••• to N•• C•••••• A•••••••Apr 1, 2020 · RIA to a newly registered adviser
- D•••• K•••••• N••••• to N•• C•••••• A•••••••Apr 1, 2020 · RIA to a newly registered adviser
- J••••• E••••• O••••• to D•••••• W••••• M••••••••• L••Apr 1, 2020 · RIA to RIA
- A••••• N•••••• C••••• to N•• C•••••• A•••••••Apr 1, 2020 · RIA to a newly registered adviser
Joined, latest
- T••••• L••• H••••• from C•••••• S••••• • C••• I•••Oct 3, 2023 · Affiliated broker-dealer or bank to independent RIA
- M•••• E••••••• O•••• from U••••• C•••••• F•••••••• A•••••••Sep 1, 2023 · Affiliated broker-dealer or bank to independent RIA
- T••••• C•••••• P••••••• from U••••• C•••••• F•••••••• A•••••••Sep 1, 2023 · Affiliated broker-dealer or bank to independent RIA
- S••••• C•••••• B•••• from P•••••••• A•••• A•••••••• I•••Jan 11, 2021 · RIA to RIA
- J•••• C••• C••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••May 4, 2018 · Wirehouse to independent RIA
- S•••• E•••••• S•••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••May 4, 2018 · Wirehouse to independent RIA
- S•••••• R••••• A••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Nov 30, 2017 · Other
- J•••• A•••••••• B•••• from W•••• F•••• A•••••••Nov 30, 2017 · Other
- D•••• K•••••• N••••• from W•••• F•••• A•••••••Nov 30, 2017 · Other
- M•••••• W••••• L••• from N•• A•••••• S•••••••• L••Aug 4, 2014 · Other
- J••••• E••••• O••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Jan 24, 2014 · Other
- C••••••••• A• H••••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Jan 16, 2014 · Other
- J•••• D•••• H••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Oct 26, 2012 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- M•••••• B•••• D•••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Sep 17, 2012 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- T••• A•••••• G•••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Sep 17, 2012 · Wirehouse to a newly registered adviser (no RAUM reported yet)
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for I•••••••• W••••• L••Jul 10, 2024 · Salem, Or
- 3 left for N•• C•••••• A•••••••Apr 1, 2020 · Salem, Or
- 2 left for D•••••• W••••• M••••••••• L••Apr 1, 2020 · Portland, Or
- 2 joined from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••May 8, 2018 · Eugene, Or
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- A•••••• S••••••• R••••• · Founding Partner, Managing Membercontrolsince 08/2012 · owns 10% to 25%
- D••••• M••••••• B•••• · Chief Executive Officer (Ceo)controlsince 08/2012 · owns 10% to 25%
- G••••••• T•••• A•••••• · Chief Investment Officer (Cio)controlsince 08/2012 · owns 10% to 25%
- H•••••• J••••• D•••• · Chief Financial Officer (Cfo)controlsince 08/2012 · owns 10% to 25%
- L•••••••• M••••••• E•••••••• · Chief Administrative Officer Officer (Cco)controlsince 12/2023 · owns less than 5%
- P•••••••• T•••••• C•••••• · Chief Operations Officercontrolsince 03/2025 · owns less than 5%
- A•••••• S••••••• R••••• · Membercontrolsince 03/2018 · owns 75% or more of S•••••• R• A•••••• I•••
- B••••• S•••••• C•••••• · Membercontrolsince 12/2020 · owns 75% or more of S•••• B•••• G••••• L••
- D••••• M••••••• B•••• · Membercontrolsince 03/2018 · owns 75% or more of M• B•••• D•••• I•••
- G••••••• T•••• A•••••• · Membercontrolsince 03/2018 · owns 75% or more of T••• A• G••••••• I••
- H•••••• J••••• D•••• · Membercontrolsince 03/2018 · owns 75% or more of J•••• D• H•••••• I•••
- L•••• M••••••• W••••• · Membercontrolsince 08/2014 · owns 75% or more of M••• L••• G••••• L••
- P•••••••• T•••••• C•••••• · Ownercontrolsince 09/2023 · owns 75% or more of T• P••••••• I•••
Entity owners
- D•••••• F•••••••• P•••••••• · Memberdirect · owns 10% to 25%
- J•••• D• H•••••• I••• · Memberdirect · owns 10% to 25%
- M• B•••• D•••• I••• · Memberdirect · owns 10% to 25%
- S•••••• R• A•••••• I••• · Memberdirect · owns 10% to 25%
- T• P••••••• I••• · Memberdirect · owns 10% to 25%
- T••• A• G••••••• I•• · Memberdirect · owns 10% to 25%
- M••• L••• G••••• L•• · Non-Voting Memberdirect · owns less than 5%
- S•••• B•••• G••••• L•• · Non-Voting Memberdirect · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Salem, Or · principal | 11 | 0 | 0 | ||
| Mcminnville, Or | 3 | 0 | 1 | ||
| Eugene, Or | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Mcminnville, OR3 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing May 6, 2026L•••• M••••••• W••••• (MEMBER) left Schedule A between the filings of 2024-03-25 and 2026-05-06peers: independent wealth managers, $1B to $5B (1,362)
- control person changedChange between filings · filing May 6, 2026B••••• S•••••• C•••••• (MEMBER) left Schedule A between the filings of 2024-03-25 and 2026-05-06peers: independent wealth managers, $1B to $5B (1,362)
- account count collapseChange between filings · filing Mar 27, 2026accounts (Item 5.F.2.f) moved from 4,050.0 to 1,592.0 (-61.0%) between the annual amendments of 2025-04-16 and 2026-03-27; the peer median change was +6.0% (1206 comparable advisers, 1.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,206) · 1.3% percentile
What changed
consecutive filings, newest first
- Accounts · 4,050 to 1,592Jul 15, 2025 to Mar 27, 2026
- Advisory employees · 20 to 22Jul 15, 2025 to Mar 27, 2026
- Corporate clients · 6 to 5Jul 15, 2025 to Mar 27, 2026
- HNW clients · 336 to 357Jul 15, 2025 to Mar 27, 2026
- Individual clients · 1,142 to 1,219Jul 15, 2025 to Mar 27, 2026
- Pension plan clients · unset to 5.0Jul 15, 2025 to Mar 27, 2026
- Assets in custody · $57.9M to $75.3MJul 15, 2025 to Mar 27, 2026
- Employees · 20 to 22Jul 15, 2025 to Mar 27, 2026
- State-registered IARs · 11 to 12Jul 15, 2025 to Mar 27, 2026
- Discretionary RAUM · $1.3B to $1.4BJul 15, 2025 to Mar 27, 2026
- HNW RAUM · $819M to $941MJul 15, 2025 to Mar 27, 2026
- Individual RAUM · $417M to $457MJul 15, 2025 to Mar 27, 2026
- Pension RAUM · $2.0M to $2.2MJul 15, 2025 to Mar 27, 2026
- RAUM · $1.3B to $1.4BJul 15, 2025 to Mar 27, 2026
- Financial planning clients · 0 to 0May 9, 2025 to Jul 15, 2025
- Accounts · 4,412 to 4,050Jul 25, 2024 to Apr 16, 2025
- Advisory employees · 21 to 20Jul 25, 2024 to Apr 16, 2025
- Corporate clients · 3 to 6Jul 25, 2024 to Apr 16, 2025
- HNW clients · 340 to 336Jul 25, 2024 to Apr 16, 2025
- Individual clients · 1,229 to 1,142Jul 25, 2024 to Apr 16, 2025
- Pension plan clients · 4.0 to unsetJul 25, 2024 to Apr 16, 2025
- Assets in custody · $43.9M to $57.9MJul 25, 2024 to Apr 16, 2025
- Employees · 21 to 20Jul 25, 2024 to Apr 16, 2025
- Financial planning clients · 1-10 to 0Jul 25, 2024 to Apr 16, 2025
- Discretionary RAUM · $1.2B to $1.3BJul 25, 2024 to Apr 16, 2025
- HNW RAUM · $774M to $819MJul 25, 2024 to Apr 16, 2025
- Individual RAUM · $445M to $417MJul 25, 2024 to Apr 16, 2025
- Pension RAUM · $3.4M to $2.0MJul 25, 2024 to Apr 16, 2025
- RAUM · $1.2B to $1.3BJul 25, 2024 to Apr 16, 2025
- Advisory employees · 23 to 21Jul 2, 2024 to Jul 25, 2024
- Employees · 23 to 21Jul 2, 2024 to Jul 25, 2024
- State-registered IARs · 13 to 11Jul 2, 2024 to Jul 25, 2024
- Other offices · 2 to 1Mar 25, 2024 to Jul 2, 2024
- Accounts · 3,701 to 4,412Dec 13, 2023 to Mar 25, 2024
- Advisory employees · 21 to 23Dec 13, 2023 to Mar 25, 2024
- Charity clients · 4 to 6Dec 13, 2023 to Mar 25, 2024
- Corporate clients · unset to 3.0Dec 13, 2023 to Mar 25, 2024
- HNW clients · 282 to 340Dec 13, 2023 to Mar 25, 2024
- Individual clients · 1,063 to 1,229Dec 13, 2023 to Mar 25, 2024
- Pension plan clients · 10 to 4Dec 13, 2023 to Mar 25, 2024
Signals
16 dated events
- A•••• G•••• A•••••• left T••• P•••••• W••••• A•••••••• L•• for F••••• I••••••••• (registered 2026-06-15)May 7, 2026 · a•••••• firm change · fact
- S•••• E•••••• S•••••• left T••• P•••••• W••••• A•••••••• L•• for I•••••••• W••••• L•• (registered 2025-01-17)Jul 10, 2024 · a•••••• firm change · fact
- T••••• L••• H••••• left T••• P•••••• W••••• A•••••••• L•• for I•••••••• W••••• L•• (registered 2025-01-01)Jul 10, 2024 · a•••••• firm change · fact
- J•••• C••• C••••• left T••• P•••••• W••••• A•••••••• L•• for I•••••••• W••••• L•• (registered 2024-06-17)Jul 10, 2024 · a•••••• firm change · fact
- 3 advisors left T••• P•••••• W••••• A•••••••• L•• (Salem, OR) for I•••••••• W••••• L•• on the same dayJul 10, 2024 · Team lift-out · derived
- T••• P•••••• W••••• A•••••••• L•• reported RAUM $1.2B, up 31% from $947.8M (2023-12-13 to 2024-03-25)Mar 25, 2024 · RAUM change · derived
- Chester Steven Binns (Member) appeared on Schedule A of T••• P•••••• W••••• A•••••••• L••Mar 25, 2024 · Control person joined · fact
- Charles Thomas Paterson (Owner) appeared on Schedule A of T••• P•••••• W••••• A•••••••• L••Mar 25, 2024 · Control person joined · fact
- Warren M•••••• Long (Member) appeared on Schedule A of T••• P•••••• W••••• A•••••••• L••Mar 25, 2024 · Control person joined · fact
- Patrick Dennis Harrold (Chief Administrative Officer (Cao)) no longer on Schedule A of T••• P•••••• W••••• A•••••••• L•• (listed 2023-09-01, absent 2023-12-04)Dec 4, 2023 · Control person left · inference
- Elizabeth Madison Laughlin (Chief Administrative Officer (Cao)) appeared on Schedule A of T••• P•••••• W••••• A•••••••• L••Dec 4, 2023 · Control person joined · fact
- T••• P•••••• W••••• A•••••••• L•• reported RAUM $902.2M, up 44% from $624.7M (2020-06-29 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- T••• P•••••• W••••• A•••••••• L•• reported RAUM $624.7M, down 45% from $1.1B (2020-03-27 to 2020-06-29)Jun 29, 2020 · RAUM change · derived
- Edward Joseph Opsahl (Chief Operations Officer (Coo)) no longer on Schedule A of T••• P•••••• W••••• A•••••••• L•• (listed 2019-09-05, absent 2020-03-27)Mar 27, 2020 · Control person left · inference
- T••• P•••••• W••••• A•••••••• L•• reported RAUM $907.8M, up 31% from $695.3M (2017-11-29 to 2018-03-28)Mar 28, 2018 · RAUM change · derived
- A••••••• W••••• A•••••••• L•• filed its initial SEC registration (Form ADV)Jul 31, 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
- Firm profile
- linkedin.com/company/true-private-wealth-advisorsreportedpublic record, Form ADV, Sep 18, 2026
- Website
- truepwa.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 503-400-3311reportedpublic record, Form ADV, May 6, 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
- $130Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026