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

Acorns

Independent wealth managerIrvine, CaliforniaCRD 165926SEC 801-78602websiteIAPD
Legal name Acorns Advisers, LLC
Latest filing Aug 3, 2026
First filing on the tape Sep 17, 2013 · 48 filings
SEC status approved since Sep 23, 2013
RAUM
$13B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
100%
$13B individuals and HNW
Advisors
14
registered through the firm on IAPD
RAUM per advisor
$956M
derived; firm RAUM over IAPD count
Employees
302
14 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
48 filings and snapshots on the tape
RAUM$13B as of Aug 3, 2026
Dec 26, 2013$0 then
HNW client RAUM$35.3M as of Aug 3, 2026
Dec 18, 2017$113M then
State-registered IARs (5.B.3)14 as of Aug 3, 2026
Dec 26, 20133 then
Employees (5.A)302 as of Aug 3, 2026
Dec 26, 20133 then
Private funds: no history
RAUM +29% over the last fiscal year+29% a year over threeIARs 17 to 14
Practice profile
derived from the filing of Aug 3, 2026; every figure names its basis
Archetypes, each a printed rule
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$956MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
582,738derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.7MderivedHNW RAUM over HNW clients
Average account
$2,598derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
21.6derivedItem 5.A over advisors
Advisors per office
14.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+29%derivedbetween the last two annual amendments
Advisor growth, one year
-18%derivedItem 5.B.3 between annual amendments
Client growth, one year
+5.0%derived
Compensation
fixed feesreportedItem 5.E
Advisory activities
portfolio management for individualsreportedItem 5.G
Wrap fee program
$13BreportedItem 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
  • 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 securities (9.A.1.b)
  • a related person has custody of client securities (9.B.1.b)
  • a related person acts as qualified custodian (9.D.2)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$13B100%
  • High-net-worth individuals$35.3M0.3%
Individual clients
8,158,308reported
HNW clients
21reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
5,152,940reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
fixedreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=21.0derived
Advisors registered through the firm
14 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Adam EriksenOrange, Ca Sep 11, 201710 y0
Anthony Thomas TunnoCorona, Ca Sep 15, 201710 y0
Alyssa Mieko ArneyIrvine, Ca Dec 17, 201813 y0
Andrew Casey OharaSan Pedro, Ca Jul 15, 20199 y0
Andrew Huan Le NguyenTustin, Ca Apr 1, 202010 y0
Jenny Lynn OlsonedwardsIrvine, Ca Jun 15, 202142 y2
Seth WunderChartered Financial AnalystIrvine, Ca Nov 30, 202126 y0
Denise ChisolmLos Angeles, Ca Jul 28, 202230 y5
Beau SullivanCollege Grove, Tn Jan 31, 202316 y0
Robert SondheimArlington, Va Jan 9, 202437 y0
Matthew Gregory CaisonIrvine, Ca Feb 1, 202415 y3
Alicia Marie SaundersIrvine, Ca Feb 5, 202421 y1
Julie Ann AlbrightSparta, Mi Mar 19, 202411 y1
Anthony Joseph MarchettiLincoln, Ri Dec 4, 202512 y3
Advisor movement
2 left, 1 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 14% of current headcount3 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Andrea Denise Chisolm · Chief Compliance Officercontrol
    since 07/2022 · owns less than 5%
  • Beau Sullivan · Chief Executive Officercontrol
    since 07/2024 · owns less than 5%
Entity owners
  • Acorns Grow Incorporated · Managing Member
    direct · owns 75% or more
Related persons
Schedule D 7.A
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Irvine, Ca · principal1412
Los Angeles, Ca200
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • unusually high clients per advisorStatic outlier · filing Aug 3, 2026
    private clients per advisor of 582,737.8 against a peer median of 61.3 (231 comparable advisers, 100.0th percentile, 999.0 robust deviations)
    peers: independent wealth managers, $5B to $20B (231) · 100% percentile
  • high employee count relative to advisorsStatic outlier · filing Aug 3, 2026
    employees per registered advisor of 21.6 against a peer median of 1.9 (241 comparable advisers, 99.0th percentile, 25.4 robust deviations)
    peers: independent wealth managers, $5B to $20B (241) · 99% percentile
What changed
consecutive filings, newest first
  • Accounts · 4,813,137 to 5,152,940
    Nov 13, 2025 to Mar 30, 2026
  • Advisory employees · 17 to 14
    Nov 13, 2025 to Mar 30, 2026
  • BD registered reps · 23 to 21
    Nov 13, 2025 to Mar 30, 2026
  • HNW clients · 18 to 21
    Nov 13, 2025 to Mar 30, 2026
  • Individual clients · 7,767,114 to 8,158,308
    Nov 13, 2025 to Mar 30, 2026
  • Assets in custody · $10B to $13B
    Nov 13, 2025 to Mar 30, 2026
  • Employees · 305 to 302
    Nov 13, 2025 to Mar 30, 2026
  • State-registered IARs · 17 to 14
    Nov 13, 2025 to Mar 30, 2026
  • Discretionary RAUM · $10B to $13B
    Nov 13, 2025 to Mar 30, 2026
  • HNW RAUM · $28.2M to $35.3M
    Nov 13, 2025 to Mar 30, 2026
  • Individual RAUM · $10B to $13B
    Nov 13, 2025 to Mar 30, 2026
  • Non-discretionary RAUM · $58.4M to $127M
    Nov 13, 2025 to Mar 30, 2026
  • RAUM · $10B to $13B
    Nov 13, 2025 to Mar 30, 2026
  • Financial planning clients · 0 to 0
    Apr 3, 2025 to Nov 13, 2025
  • Accounts · 5,763,237 to 4,813,137
    Nov 22, 2024 to Apr 3, 2025
  • Advisory employees · 18 to 17
    Nov 22, 2024 to Apr 3, 2025
  • HNW clients · 7 to 18
    Nov 22, 2024 to Apr 3, 2025
  • Individual clients · 7,443,654 to 7,767,114
    Nov 22, 2024 to Apr 3, 2025
  • Assets in custody · $8.2B to $10B
    Nov 22, 2024 to Apr 3, 2025
  • Employees · 442 to 305
    Nov 22, 2024 to Apr 3, 2025
  • Discretionary RAUM · $8.2B to $10B
    Nov 22, 2024 to Apr 3, 2025
  • HNW RAUM · $10.3M to $28.2M
    Nov 22, 2024 to Apr 3, 2025
  • Individual RAUM · $8.2B to $10B
    Nov 22, 2024 to Apr 3, 2025
  • Non-discretionary RAUM · $11.7M to $58.4M
    Nov 22, 2024 to Apr 3, 2025
  • RAUM · $8.2B to $10B
    Nov 22, 2024 to Apr 3, 2025
  • Accounts · 5,730,587 to 5,763,237
    Mar 28, 2023 to Mar 28, 2024
  • Advisory employees · 20 to 18
    Mar 28, 2023 to Mar 28, 2024
  • BD registered reps · 29 to 23
    Mar 28, 2023 to Mar 28, 2024
  • HNW clients · unset to 7.0
    Mar 28, 2023 to Mar 28, 2024
  • Individual clients · 6,584,175 to 7,443,654
    Mar 28, 2023 to Mar 28, 2024
  • Assets in custody · $6.3B to $8.2B
    Mar 28, 2023 to Mar 28, 2024
  • Employees · 490 to 442
    Mar 28, 2023 to Mar 28, 2024
  • State-registered IARs · 23 to 17
    Mar 28, 2023 to Mar 28, 2024
  • Discretionary RAUM · $6.3B to $8.2B
    Mar 28, 2023 to Mar 28, 2024
  • HNW RAUM · $5.2M to $10.3M
    Mar 28, 2023 to Mar 28, 2024
  • Individual RAUM · $6.3B to $8.2B
    Mar 28, 2023 to Mar 28, 2024
  • Non-discretionary RAUM · $26,066 to $11.7M
    Mar 28, 2023 to Mar 28, 2024
  • RAUM · $6.3B to $8.2B
    Mar 28, 2023 to Mar 28, 2024
  • Accounts · 4,612,804 to 5,730,587
    Jan 30, 2023 to Mar 27, 2023
  • Advisory employees · 188 to 20
    Jan 30, 2023 to Mar 27, 2023
Signals
24 dated events
  • Acorns reported RAUM $13.4B, up 29% from $10.4B (2025-11-13 to 2026-03-30)
    Mar 30, 2026 · RAUM change · derived
  • Jami Liebl left Acorns for Sofi Wealth Llc (registered 2025-11-17)
    Oct 21, 2025 · Advisor changed firm · fact
  • Paul Sharp left Acorns for Thrivent Investment Management Inc. (registered 2025-11-20)
    Sep 30, 2025 · Advisor changed firm · fact
  • Acorns reported RAUM $10.4B, up 26% from $8.2B (2024-11-22 to 2025-04-03)
    Apr 3, 2025 · RAUM change · derived
  • Seth Wunder (Chief Executive Officer) no longer on Schedule A of Acorns (listed 2024-03-28, absent 2024-07-18)
    Jul 18, 2024 · Control person left · inference
  • Beau Sullivan (Chief Executive Officer) appeared on Schedule A of Acorns
    Jul 18, 2024 · Control person joined · fact
  • Acorns reported RAUM $8.2B, up 30% from $6.3B (2023-03-28 to 2024-03-28)
    Mar 28, 2024 · RAUM change · derived
  • Connor Jameson Brady left Acorns for Mercury Advisory, Llc (registered 2024-09-09)
    Dec 18, 2023 · Advisor changed firm · fact
  • Tessa Champlin left Acorns for Robinhood Asset Management (registered 2025-01-28)
    May 17, 2023 · Advisor changed firm · fact
  • Kristin M Justavino left Acorns for Rockefeller Capital Management (registered 2023-04-24)
    Mar 31, 2023 · Advisor changed firm · fact
  • Reynolds Manning Field (Ceo / Managing Director) no longer on Schedule A of Acorns (listed 2022-04-29, absent 2022-08-04)
    Aug 4, 2022 · Control person left · inference
  • Seth Wunder (Chief Executive Officer) appeared on Schedule A of Acorns
    Aug 4, 2022 · Control person joined · fact
  • Andrea Denise Chisolm (Chief Compliance Officer) appeared on Schedule A of Acorns
    Aug 4, 2022 · Control person joined · fact
  • Ann Catherine Makstenieks (Chief Compliance Officer) no longer on Schedule A of Acorns (listed 2021-12-21, absent 2022-03-31)
    Mar 31, 2022 · Control person left · inference
  • Acorns reported RAUM $4.7B, up 40% from $3.4B (2020-11-16 to 2021-05-19)
    May 19, 2021 · RAUM change · derived
  • Ann Catherine Makstenieks (Chief Compliance Officer) appeared on Schedule A of Acorns
    May 19, 2021 · Control person joined · fact
  • Acorns reported RAUM $3.4B, up 85% from $1.8B (2020-09-04 to 2020-11-16)
    Nov 16, 2020 · RAUM change · derived
  • J Michelle Moukios (Chief Compliance Officer) no longer on Schedule A of Acorns (listed 2020-06-29, absent 2020-09-04)
    Sep 4, 2020 · Control person left · inference
  • Evan Daniel Adams (Chief Compliance Officer) no longer on Schedule A of Acorns (listed 2020-01-02, absent 2020-05-15)
    May 15, 2020 · Control person left · inference
  • J Michelle Moukios (Chief Compliance Officer) appeared on Schedule A of Acorns
    May 15, 2020 · Control person joined · fact
  • Acorns reported RAUM $1.8B, up 59% from $1.1B (2019-02-15 to 2020-01-02)
    Jan 2, 2020 · RAUM change · derived
  • Acorns reported RAUM $1.1B, up 43% from $803.7M (2018-04-19 to 2018-10-31)
    Oct 31, 2018 · RAUM change · derived
  • Acorns reported RAUM $803.7M, up 47% from $545.1M (2017-12-18 to 2018-04-19)
    Apr 19, 2018 · RAUM change · derived
  • Acorns filed its initial SEC registration (Form ADV)
    Sep 17, 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
Firm profile
linkedin.com/company/acorns-grow-inc-reportedpublic record, Form ADV, Sep 17, 2026
Website
ACORNS.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
855-739-2859reportedpublic record, Form ADV, Aug 3, 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
$956Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026