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

F•••••••

Institutional managerCRD 167241SEC 801-77865websiteIAPD
Legal name F••••••• A•••••••• L••
Latest filing Mar 26, 2026
First filing on the tape Mar 27, 2013 · 21 filings
SEC status approved since Apr 18, 2013
RAUM
$1.5B
reported, Item 5.F
Discretionary
92%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$250M
derived; firm RAUM over IAPD count
Employees
11
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$1.5B as of Mar 26, 2026
Mar 31, 2015$690,000 then
HNW client RAUM: no history
State-registered IARs (5.B.3)6 as of Mar 26, 2026
Mar 27, 20141 then
Employees (5.A)11 as of Mar 26, 2026
Mar 27, 20146 then
Private funds: no history
RAUM +12% over the last fiscal year-1.2% a year over threeIARs 7 to 6
Practice profile
derived from the filing of Mar 26, 2026; every figure names its basis
Archetypes, each a printed rule
  • i••••••••• asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
RAUM per advisor
$250MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
5,135derivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$47,932derivedRAUM over accounts (5.F.2.f)
Discretionary
92%derivedof RAUM
Institutional
100%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.8derivedItem 5.A over advisors
Advisors per office
6.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+12%derivedbetween the last two annual amendments
Advisor growth, one year
-14%derivedItem 5.B.3 between annual amendments
Client growth, one year
-33%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
pension consulting, otherreportedItem 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pension and profit-sharing plans$1.5B100%
Individual clients
30,809reported
HNW clients
0reported
Pension plan clients
428reported
Charitable clients
0reported
Accounts
31,237reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.0 fund_share=0.0 institutional_share=1.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
R••••• J•••• P•••••Scottsdale, Az Apr 13, 202313 y0
B•••• A•••• B•••••Westerville, Oh Jul 10, 202410 y1
D•••• A•••••••Milford, Ct Jun 12, 202515 y1
J••• R•• H•••••••Oakland, Ca Dec 23, 202517 y5
J••••• D•••• R••••••Chartered Financial AnalystOakland, CaJan 14, 202625 y3
J•••• T••••••• S•••Oakland, CaMar 18, 202615 y1
Advisor movement
1 left, 2 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 17% of current headcount2 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • R••••••• J•••••• D•••• · Chief Executive Officer, Chief Compliance Officercontrol
    since 09/2022 · owns less than 5%
Entity owners
  • F•••••••• I••• · Owner
    direct · owns 75% or more
  • F••••••••• C•••••• V•••• L• · Shareholder
    indirect · owns 50% to 75% of F•••••••• I•••
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Oakland, Ca630
Miami, Fl001
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • clients down average size upCombination · filing Mar 26, 2026
    private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $1,337,900,000 to $1,497,250,257, advisors 7 to 6, private clients 46323 to 30809, offices 0 to 0 (2025-03-28 to 2026-03-26)
    peers: I•••••••••, $1B to $5B (121)
  • employee count dropChange between filings · filing Mar 26, 2026
    employees (Item 5.A) moved from 16.0 to 11.0 (-31.0%) between the annual amendments of 2025-03-28 and 2026-03-26; the peer median change was 0.0% (55 comparable advisers, 2.0th percentile of changes)
    peers: I•••••••••, $1B to $5B (55) · 1.9% percentile
What changed
consecutive filings, newest first
  • Accounts · 46,824 to 31,237
    Mar 28, 2025 to Mar 26, 2026
  • Individual clients · 46,323 to 30,809
    Mar 28, 2025 to Mar 26, 2026
  • Pension plan clients · 411 to 428
    Mar 28, 2025 to Mar 26, 2026
  • Employees · 16 to 11
    Mar 28, 2025 to Mar 26, 2026
  • State-registered IARs · 7 to 6
    Mar 28, 2025 to Mar 26, 2026
  • Discretionary RAUM · $1.3B to $1.4B
    Mar 28, 2025 to Mar 26, 2026
  • Non-discretionary RAUM · $12.4M to $123M
    Mar 28, 2025 to Mar 26, 2026
  • Pension RAUM · $1.3B to $1.5B
    Mar 28, 2025 to Mar 26, 2026
  • RAUM · $1.3B to $1.5B
    Mar 28, 2025 to Mar 26, 2026
  • Accounts · 35,460 to 46,824
    Mar 27, 2024 to Mar 28, 2025
  • Advisory employees · 8 to 6
    Mar 27, 2024 to Mar 28, 2025
  • Individual clients · 34,953 to 46,323
    Mar 27, 2024 to Mar 28, 2025
  • Pension plan clients · 507 to 411
    Mar 27, 2024 to Mar 28, 2025
  • Employees · 13 to 16
    Mar 27, 2024 to Mar 28, 2025
  • Financial planning clients · 0 to 0
    Mar 27, 2024 to Mar 28, 2025
  • HQ city · unset to
    Mar 27, 2024 to Mar 28, 2025
  • HQ state · unset to
    Mar 27, 2024 to Mar 28, 2025
  • State-registered IARs · 9 to 7
    Mar 27, 2024 to Mar 28, 2025
  • Discretionary RAUM · $1.5B to $1.3B
    Mar 27, 2024 to Mar 28, 2025
  • Non-discretionary RAUM · $16.2M to $12.4M
    Mar 27, 2024 to Mar 28, 2025
  • Pension RAUM · $1.5B to $1.3B
    Mar 27, 2024 to Mar 28, 2025
  • RAUM · $1.5B to $1.3B
    Mar 27, 2024 to Mar 28, 2025
  • Accounts · 59,965 to 35,460
    Mar 30, 2023 to Mar 27, 2024
  • Advisory employees · 12 to 8
    Mar 30, 2023 to Mar 27, 2024
  • Individual clients · 59,442 to 34,953
    Mar 30, 2023 to Mar 27, 2024
  • Pension plan clients · 523 to 507
    Mar 30, 2023 to Mar 27, 2024
  • Employees · 16 to 13
    Mar 30, 2023 to Mar 27, 2024
  • State-registered IARs · 12 to 9
    Mar 30, 2023 to Mar 27, 2024
  • Discretionary RAUM · $1.5B to $1.5B
    Mar 30, 2023 to Mar 27, 2024
  • Non-discretionary RAUM · $27.7M to $16.2M
    Mar 30, 2023 to Mar 27, 2024
  • Pension RAUM · $1.6B to $1.5B
    Mar 30, 2023 to Mar 27, 2024
  • RAUM · $1.6B to $1.5B
    Mar 30, 2023 to Mar 27, 2024
  • Accounts · 41,054 to 59,965
    Oct 19, 2022 to Mar 30, 2023
  • Advisory employees · 18 to 12
    Oct 19, 2022 to Mar 30, 2023
  • Individual clients · 40,596 to 59,442
    Oct 19, 2022 to Mar 30, 2023
  • Pension plan clients · 458 to 523
    Oct 19, 2022 to Mar 30, 2023
  • Employees · 30 to 16
    Oct 19, 2022 to Mar 30, 2023
  • State-registered IARs · 18 to 12
    Oct 19, 2022 to Mar 30, 2023
  • Other offices · 1 to 0
    Oct 19, 2022 to Mar 30, 2023
  • Discretionary RAUM · $1.7B to $1.5B
    Oct 19, 2022 to Mar 30, 2023
Signals
14 dated events
  • I•• T• J•••• left Forusall for S••• I••••••••• A••••••• S••••••• L•• (registered 2026-04-15)
    Mar 12, 2026 · Advisor changed firm · fact
  • Stephens Cynthia Bloch (Chief Compliance Officer) no longer on Schedule A of Forusall (listed 2023-03-30, absent 2024-03-27)
    Mar 27, 2024 · Control person left · inference
  • D•••• N• D••••• left Forusall for M••••• S•••••• (registered 2024-03-26)
    Mar 15, 2024 · Advisor changed firm · fact
  • D•••• Jeffrey Schulte (Chief Executive Officer) no longer on Schedule A of Forusall (listed 2022-10-19, absent 2023-03-30)
    Mar 30, 2023 · Control person left · inference
  • N••• C••••••• left Forusall for F••••••• P••••••• A•• W•••••••• A••••••• (registered 2023-02-16)
    Oct 5, 2022 · Advisor changed firm · fact
  • S••••• P••• L•••••• left Forusall for N•••• W••••• (registered 2022-09-09)
    Sep 7, 2022 · Advisor changed firm · fact
  • T••••• W••• T••••• left Forusall for C••• I••••••••• A••••••• S•••••••• L•• (registered 2024-12-12)
    Mar 15, 2022 · Advisor changed firm · fact
  • T•••••• H•••• left Forusall for F••••••• P••••••• A•• W•••••••• A••••••• (registered 2022-04-05)
    Jan 3, 2022 · Advisor changed firm · fact
  • Forusall reported RAUM $1.5B, up 27% from $1.1B (2020-11-03 to 2021-03-29)
    Mar 29, 2021 · RAUM change · derived
  • Forusall reported RAUM $1.1B, up 47% from $777.2M (2019-03-28 to 2020-03-30)
    Mar 30, 2020 · RAUM change · derived
  • Forusall reported RAUM $777.2M, up 36% from $573.0M (2018-03-30 to 2019-03-28)
    Mar 28, 2019 · RAUM change · derived
  • D•••• Jeffrey Schulte (Chief Executive Officer) appeared on Schedule A of Forusall
    Mar 28, 2019 · Control person joined · fact
  • Forusall reported RAUM $573.0M, up 449% from $104.3M (2017-03-15 to 2018-03-30)
    Mar 30, 2018 · RAUM change · derived
  • F•••• A•••••••• L•• filed its initial SEC registration (Form ADV)
    Mar 27, 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/F••••-INC-reportedpublic record, Form ADV, Sep 19, 2026
Website
F•••••••.COMreportedpublic record, Form ADV, Sep 19, 2026
Principal office phone
844-401-2253reportedpublic record, Form ADV, Mar 26, 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
Institutional managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$250Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026