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

Tencap Wealth Coaching

Independent wealth managerSouth Jordan, UtahCRD 166130SEC 801-130427website IAPD

Legal name Tencap Wealth Coaching, LLC

Latest filing Mar 20, 2026

First filing on the tape May 6, 2024 · 18 filings

SEC status approved since Jun 10, 2024

RAUM

$285M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

96%

$275M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$35.6M

derived; firm RAUM over IAPD count

Employees

7 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

18 filings and snapshots on the tape

RAUM$285M as of Mar 20, 2026

Mar 27, 2025$117M then

HNW client RAUM$139M as of Mar 20, 2026

Mar 27, 2025$51.6M then

State-registered IARs (5.B.3)7 as of Mar 20, 2026

Mar 27, 20259 then

Employees (5.A)7 as of Mar 20, 2026

Mar 27, 202515 then

Private funds: no history

RAUM +143% over the last fiscal yearIARs 9 to 7offices 11 to 10

Practice profile

derived from the filing of Mar 20, 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

RAUM per advisor: $35.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 92derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $2.5MderivedHNW RAUM over HNW clients
Average account: $136,572derivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 1.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 0.9derivedItem 5.A over advisors
Advisors per office: 0.7derived11 offices incl. principal (1.F.5)
RAUM growth, one year: +143%derivedbetween the last two annual amendments
Advisor growth, one year: -22%derivedItem 5.B.3 between annual amendments
Client growth, one year: +72%derived
Compensation: percentage of assets, hourly, otherreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 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)
compensates persons for client referrals (8.G.1)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$139M49%
Individuals$136M48%
Corporations and businesses$5.2M1.8%
Pension and profit-sharing plans$4.9M1.7%
Charitable organizations$820.0%

Individual clients: 681reported
HNW clients: 55reported
Pension plan clients: 13reported
Charitable clients: 1reported
Accounts: 2,087reported
Financial planning clients: 26-50reported
Wrap fee programs: noreported
Custody of client assets: noreported
Compensation: % of AUM, hourlyreported
Class basis: private_client_share=0.96 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived

Advisors registered through the firm

8 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Gregory Dunn BlackCertified Financial Planner, Chartered Financial Consultant	South Jordan, Ut	Feb 6, 2013	20 y	2
Robert Paul Galeria	South Jordan, Ut	Jul 25, 2014	16 y	0
Rock Winchester Allen	South Jordan, Ut	Jan 21, 2020	15 y	1
Nicholas Chandler Carrigan	South Jordan, Ut	Mar 26, 2020	17 y	1
Kevin Dee Whisenant	South Jordan, Ut	Mar 27, 2023	29 y	0
Bonita Kay Bell-AndersenChartered Financial Consultant	South Jordan, Ut	Feb 6, 2024	26 y	2
Dalton Kaoao` Forsythe	Hauula, Hi	Mar 4, 2024	12 y	3
Raymond Joseph German	Grand Forks, Nd	Apr 8, 2024	47 y	1

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 headcount1 left over 36 months

Left, latest

John Dwyer to Winnacle Wealth, LLC
Sep 16, 2025 · RIA to RIA

Joined, latest

John Dwyer from Freedom Financial Coaching, LLC
Apr 24, 2024 · Other
Raymond Joseph German from German Wealth
Apr 8, 2024 · Other
Dalton Kaoao` Forsythe from Freedom Financial Coaching, LLC
Mar 4, 2024 · Other
Bonita Kay Bell-Andersen from Freedom Financial Coaching, LLC
Feb 6, 2024 · Other
Rock Winchester Allen from Evident Wealth
Jan 21, 2020 · Other
Gregory Dunn Black from Park Avenue Securities LLC
Feb 6, 2013 · Other

Every departure Every arrival

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Dunn Gregory Black · Member/Chief Compliance Officercontrol
since 12/2012 · owns less than 5%
Lindsey Black · Membercontrol
since 10/2012 · owns less than 5%
Dunn Gregory Black · Managing Membercontrol
since 10/2012 · owns 50% to 75% of Kerry Park Family Limited Partnership
Lindsey Black · Membercontrol
since 10/2012 · owns 50% to 75% of Kerry Park Family Limited Partnership
Chandler Nicholas Carrigan · Executive Vice President
since 10/2023 · owns less than 5%
Joseph Griffin · Chief Executive Officer
since 10/2023 · owns less than 5%

Entity owners

Kerry Park Family Limited Partnership · Owner
direct · owns 75% or more

Related persons

Schedule D 7.A

Bonita Bell-Andersen
real estaten
Dalton Forsythe
real estaten
Dalton Forsythe
investment advisern
Gregory D. Black
real estatey
Kevin D Whisenant
real estaten
Ray German
investment advisern
Ray German
n
Robert P Galeria
real estaten
Rock Winchester Allen Sr
n
Rock Winchester Allen Sr
n
Rock Winchester Allen Sr
real estaten

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
South Jordan, Ut · principal	8	0	0

Offices

Schedule D 1.F, the 25 largest

Logan, UT3 employees
Draper, UT2 employees
Grand Forks, ND2 employees
Murray, UT2 employees
Cottonwood Heights, UT2 employees
Pleasant Grove, UT1 employees
Preston, ID1 employees
, 1 employees

ADV anomalies

4 against comparable advisers; where to look, not conclusions

account count surgeChange between filings · filing Mar 20, 2026
accounts (Item 5.F.2.f) moved from 1,025.0 to 2,087.0 (+104.0%) between the annual amendments of 2025-03-27 and 2026-03-20; the peer median change was +5.0% (3688 comparable advisers, 98.0th percentile of changes)
peers: independent wealth managers, $100M to $500M (3,688) · 98% percentile
client count surgeChange between filings · filing Mar 20, 2026
individual and HNW clients (Item 5.D) moved from 429.0 to 736.0 (+72.0%) between the annual amendments of 2025-03-27 and 2026-03-20; the peer median change was +3.0% (3310 comparable advisers, 98.0th percentile of changes)
peers: independent wealth managers, $100M to $500M (3,310) · 98% percentile
employee count dropChange between filings · filing Mar 20, 2026
employees (Item 5.A) moved from 15.0 to 7.0 (-53.0%) between the annual amendments of 2025-03-27 and 2026-03-20; the peer median change was 0.0% (507 comparable advisers, 2.0th percentile of changes)
peers: independent wealth managers, $100M to $500M (507) · 2.0% percentile
RAUM up 50 %Change between filings · filing Mar 20, 2026
RAUM (Item 5.F) moved from $117,197,434 to $285,025,351 (+143.0%) between the annual amendments of 2025-03-27 and 2026-03-20; the peer median change was +15.0% (4551 comparable advisers, 99.0th percentile of changes)
peers: independent wealth managers, $100M to $500M (4,551) · 99% percentile

How anomalies are measured

What changed

consecutive filings, newest first

Accounts · 1,025 to 2,087
Jan 13, 2026 to Feb 25, 2026
Advisory employees · 9 to 7
Jan 13, 2026 to Feb 25, 2026
Charity clients · 0 to 1
Jan 13, 2026 to Feb 25, 2026
Corporate clients · 0 to 3
Jan 13, 2026 to Feb 25, 2026
HNW clients · 21 to 55
Jan 13, 2026 to Feb 25, 2026
Individual clients · 408 to 681
Jan 13, 2026 to Feb 25, 2026
Pension plan clients · 12 to 13
Jan 13, 2026 to Feb 25, 2026
Assets in custody · 117197435.0 to unset
Jan 13, 2026 to Feb 25, 2026
Custody of client assets · true to false
Jan 13, 2026 to Feb 25, 2026
Employees · 15 to 7
Jan 13, 2026 to Feb 25, 2026
Financial planning clients · 101-250 to 26-50
Jan 13, 2026 to Feb 25, 2026
State-registered IARs · 9 to 7
Jan 13, 2026 to Feb 25, 2026
Discretionary RAUM · $117M to $285M
Jan 13, 2026 to Feb 25, 2026
HNW RAUM · $51.6M to $139M
Jan 13, 2026 to Feb 25, 2026
Individual RAUM · $65.6M to $136M
Jan 13, 2026 to Feb 25, 2026
Pension RAUM · $0 to $4.9M
Jan 13, 2026 to Feb 25, 2026
RAUM · $117M to $285M
Jan 13, 2026 to Feb 25, 2026
Other offices · 9 to 10
Sep 30, 2025 to Jan 13, 2026
Pension plan clients · 70 to 12
Jun 26, 2025 to Sep 30, 2025
Other offices · 10 to 9
Jun 26, 2025 to Sep 30, 2025
Advisory activities · 3 to 4
Mar 27, 2025 to Jun 26, 2025
Financial planning clients · 101-250 to 101-250
Mar 27, 2025 to Jun 26, 2025
Other offices · 11 to 10
Mar 27, 2025 to Jun 26, 2025
Accounts · unset to 1025.0
Nov 19, 2024 to Mar 27, 2025
Charity clients · unset to 0.0
Nov 19, 2024 to Mar 27, 2025
Corporate clients · unset to 0.0
Nov 19, 2024 to Mar 27, 2025
HNW clients · unset to 21.0
Nov 19, 2024 to Mar 27, 2025
Individual clients · unset to 408.0
Nov 19, 2024 to Mar 27, 2025
Pension plan clients · unset to 70.0
Nov 19, 2024 to Mar 27, 2025
Pooled vehicle clients · unset to 0.0
Nov 19, 2024 to Mar 27, 2025
Assets in custody · unset to 117197435.0
Nov 19, 2024 to Mar 27, 2025
Custody of client assets · false to true
Nov 19, 2024 to Mar 27, 2025
Employees · 11 to 15
Nov 19, 2024 to Mar 27, 2025
Financial planning clients · 251-500 to 101-250
Nov 19, 2024 to Mar 27, 2025
Discretionary RAUM · unset to 117197434.0
Nov 19, 2024 to Mar 27, 2025
HNW RAUM · unset to 51627540.0
Nov 19, 2024 to Mar 27, 2025
Individual RAUM · unset to 65569894.0
Nov 19, 2024 to Mar 27, 2025
Non-discretionary RAUM · unset to 0.0
Nov 19, 2024 to Mar 27, 2025
Pension RAUM · unset to 0.0
Nov 19, 2024 to Mar 27, 2025
Pooled vehicle RAUM · unset to 0.0
Nov 19, 2024 to Mar 27, 2025

Signals

3 dated events

Tencap Wealth Coaching reported RAUM $285.0M, up 143% from $117.2M (2026-01-13 to 2026-02-25)
Feb 25, 2026 · RAUM change · derived
John Dwyer left Tencap Wealth Coaching for Winnacle Wealth, Llc (registered 2025-12-22)
Sep 16, 2025 · Advisor changed firm · fact
Tencap Wealth Coaching filed its initial SEC registration (Form ADV)
May 6, 2024 · 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

Business phone: 385-526-2321reportedpublished by the firm, firm site, Sep 15, 2026
Business phone: 801-221-2956reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile: linkedin.com/company/encap-wealth-coachingreportedpublic record, Form ADV, Sep 17, 2026
Website: TENCAP.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: (801) 221-2956reportedpublic record, Form ADV, Mar 20, 2026
Contact form: tencap.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
Team page: tencap.com/meet-the-teamreportedpublished by the firm, firm site, Sep 15, 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: $35.6Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026