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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Former SEC-registered adviser

N••••••••• M••••••••• I••••••••• A••••••• L••

Former SEC-registered adviserNewport Beach, CaliforniaCRD 165451SEC 801-120348websiteIAPD
Latest filing Jan 6, 2026
First filing on the tape Jan 17, 2021 · 13 filings
SEC status approved since Feb 16, 2021
RAUM
$138M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
74%
$102M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$34.4M
derived; firm RAUM over IAPD count
Employees
5
2 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$138M as of Jan 6, 2026
Mar 28, 2022$135M then
HNW client RAUM$102M as of Jan 6, 2026
Mar 28, 2022$92.9M then
State-registered IARs (5.B.3)2 as of Jan 6, 2026
Mar 28, 20222 then
Employees (5.A)5 as of Jan 6, 2026
Mar 28, 20225 then
Private funds: no history
RAUM +0.0% over the last fiscal year+4.7% a year over threeIARs 2 to 2offices 0 to 1
Practice profile
derived from the filing of Jan 6, 2026; every figure names its basis
RAUM per advisor
$34.4MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.3MderivedHNW RAUM over HNW clients
Average account
$1.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
26%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
2.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+0.0%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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$102M74%
  • Charitable organizations$26.0M19%
  • Pension and profit-sharing plans$9.1M6.6%
Individual clients
n/areported
HNW clients
78reported
Pension plan clients
4reported
Charitable clients
5reported
Accounts
87reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
B•••• W••••• N•••••••••Newport Beach, CaApr 27, 202645 y6
P•••• T••••• P••••Newport Beach, CaJun 12, 202625 y1
M•••••• F••••••• H•••••••Newport Beach, CaJun 12, 202620 y4
B•••• W••••• N•••••••••Newport Beach, CaJun 12, 202610 y1
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
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • N••••••••• B••••• W••••• · Managing Membercontrol
    since 10/2020 · owns 50% to 75%
  • W••••••• L•••• A••• · Membercontrol
    since 10/2020 · owns 25% to 50%
  • B••••••••• H••••••• T••••••• · Member
    since 10/2012 · owns 5% to 10%
  • F••••••• A•••••• E••••• · Member
    since 10/2012 · owns less than 5%
  • H•••••••• M••••••• F••••••• · Cco
    since 01/2021 · owns less than 5%
  • H•••• R•••••• E•••• · Member
    since 11/2020 · owns less than 5%
  • M•••••••• G•••••• R••••••• · Member
    since 10/2020 · owns less than 5%
  • N••••••••• B•••••• J•••••• · Member
    since 10/2020 · owns less than 5%
  • P••••• P••••• T••••• · Associate Chief Compliance Office
    since 01/2021 · owns less than 5%
  • S•••••• L•••••••• I••••• · Member
    since 10/2012 · owns less than 5%
  • S•••••• R•••• C•••••••• · Member
    since 10/2020 · 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
Newport Beach, Ca · principal440
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • HQ city · SAUSALITO to NEWPORT BEACH
    Dec 19, 2025 to Jan 6, 2026
  • HQ city · MILL VALLEY to SAUSALITO
    Sep 30, 2025 to Dec 19, 2025
  • Financial planning clients · 0 to 0
    Jun 12, 2025 to Sep 30, 2025
  • Other offices · 0 to 1
    Mar 12, 2025 to Jun 12, 2025
  • Accounts · 86 to 87
    Feb 14, 2024 to Mar 12, 2025
  • HNW clients · 75 to 78
    Feb 14, 2024 to Mar 12, 2025
  • Pension plan clients · 6 to 4
    Feb 14, 2024 to Mar 12, 2025
  • Discretionary RAUM · $120M to $138M
    Feb 14, 2024 to Mar 12, 2025
  • HNW RAUM · $82.3M to $102M
    Feb 14, 2024 to Mar 12, 2025
  • Pension RAUM · $13.6M to $9.1M
    Feb 14, 2024 to Mar 12, 2025
  • RAUM · $120M to $138M
    Feb 14, 2024 to Mar 12, 2025
  • Accounts · 84 to 86
    Mar 14, 2023 to Feb 8, 2024
  • HNW clients · 73 to 75
    Mar 14, 2023 to Feb 8, 2024
  • Discretionary RAUM · $120M to $120M
    Mar 14, 2023 to Feb 8, 2024
  • HNW RAUM · $81.4M to $82.3M
    Mar 14, 2023 to Feb 8, 2024
  • Pension RAUM · $13.2M to $13.6M
    Mar 14, 2023 to Feb 8, 2024
  • RAUM · $120M to $120M
    Mar 14, 2023 to Feb 8, 2024
  • Accounts · 72 to 84
    Mar 28, 2022 to Mar 14, 2023
  • Charity clients · 7 to 5
    Mar 28, 2022 to Mar 14, 2023
  • HNW clients · 59 to 73
    Mar 28, 2022 to Mar 14, 2023
  • Discretionary RAUM · $135M to $120M
    Mar 28, 2022 to Mar 14, 2023
  • HNW RAUM · $92.9M to $81.4M
    Mar 28, 2022 to Mar 14, 2023
  • Pension RAUM · $14.3M to $13.2M
    Mar 28, 2022 to Mar 14, 2023
  • RAUM · $135M to $120M
    Mar 28, 2022 to Mar 14, 2023
  • Accounts · 94 to 72
    Aug 26, 2021 to Mar 28, 2022
  • Charity clients · 8 to 7
    Aug 26, 2021 to Mar 28, 2022
  • HNW clients · 79 to 59
    Aug 26, 2021 to Mar 28, 2022
  • Pension plan clients · 7 to 6
    Aug 26, 2021 to Mar 28, 2022
  • State-registered IARs · 1 to 2
    Aug 26, 2021 to Mar 28, 2022
  • Discretionary RAUM · $122M to $135M
    Aug 26, 2021 to Mar 28, 2022
  • HNW RAUM · $86.0M to $92.9M
    Aug 26, 2021 to Mar 28, 2022
  • Pension RAUM · $12.4M to $14.3M
    Aug 26, 2021 to Mar 28, 2022
  • RAUM · $122M to $135M
    Aug 26, 2021 to Mar 28, 2022
Signals
2 dated events
  • N••••••••• M••••••••• I••••••••• A••••••• L•• no longer on the SEC adviser roster (last listed 2026-03-02, RAUM $137.6M)
    Apr 1, 2026 · Left the SEC roster · derived
  • N••••••••• M••••••••• I••••••••• A••••••• L•• filed its initial SEC registration (Form ADV)
    Jan 17, 2021 · 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
Website
H•••••••••reportedpublic record, Form ADV, Sep 18, 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
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
$34.4Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026