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
Aptus Capital Advisors, LLC
Latest filing Jul 22, 2026
First filing on the tape Apr 15, 2016 · 48 filings
SEC status approved since May 16, 2016
RAUM
$14B
reported, Item 5.F
Discretionary
90%
of RAUM
Private clients
76%
$11B individuals and HNW
Advisors
18
registered through the firm on IAPD
RAUM per advisor
$786M
derived; firm RAUM over IAPD count
Employees
40
26 advisory (5.B.1)
Offices
16
beyond the principal office
Private funds
0
reported on Schedule D
History
48 filings and snapshots on the tape
RAUM$14B as of Jul 22, 2026
Feb 8, 2017$35.3M then
HNW client RAUM$7.8B as of Jul 22, 2026
Mar 30, 2018$63.0M then
State-registered IARs (5.B.3)19 as of Jul 22, 2026
Feb 8, 20174 then
Employees (5.A)40 as of Jul 22, 2026
Feb 8, 20174 then
Private funds: no history
RAUM +43% over the last fiscal year+49% a year over threeIARs 15 to 19offices 17 to 16
Practice profile
derived from the filing of Jul 22, 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
- $786MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 705derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.3MderivedHNW RAUM over HNW clients
- Average account
- $1.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 90%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.2derivedItem 5.A over advisors
- Advisors per office
- 1.1derived17 offices incl. principal (1.F.5)
- RAUM growth, one year
- +43%derivedbetween the last two annual amendments
- Advisor growth, one year
- +27%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +36%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for investment companies, 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
- 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$7.8B55%
- Investment companies$3.4B24%
- Individuals$3.0B21%
- Individual clients
- 10,335reported
- HNW clients
- 2,358reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 12,707reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.76 fund_share=0.24 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0 bank_owner=falsederived
Advisors registered through the firm
19 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| John David GardnerChartered Financial Analyst | Fairhope, Al | Jul 8, 2013 | 15 y | 3 |
| John William Goldsberry | Fairhope, Al | Oct 1, 2014 | 12 y | 0 |
| Beckham David WyrickCertified Financial Planner, Chartered Financial Analyst | Fairhope, Al | Apr 25, 2016 | 10 y | 0 |
| Derek James Hernquist | Fairhope, Al | Apr 3, 2018 | 16 y | 1 |
| William Carroll Gardner | Homewood, Al | Nov 7, 2018 | 12 y | 0 |
| Mark Alan Callahan | Fairhope, Al | May 10, 2019 | 24 y | 2 |
| John Luke TynerChartered Financial Analyst | Fairhope, Al | Jan 9, 2020 | 11 y | 0 |
| David W WagnerChartered Financial Analyst | Cincinnati, Oh | Jul 15, 2020 | 12 y | 0 |
| Bradley Joseph RapkingChartered Financial Analyst | Fairhope, Al | Jul 31, 2020 | 11 y | 0 |
| James Gerald Yahoudy | Grapevine, Tx | Nov 17, 2020 | 16 y | 3 |
| Joseph Robert King | Fairhope, Al | Apr 1, 2022 | 10 y | 0 |
| Joseph Robert Nathaniel SykoraChartered Financial Analyst | Fairhope, Al | Apr 11, 2022 | 16 y | 0 |
| William Herbert Graham | Fairhope, Al | Apr 18, 2022 | 12 y | 0 |
| Tenzin Phuntsok | Fairhope, Al | Feb 24, 2025 | 13 y | 3 |
| Jacob Martin Marriott | Fairhope, Al | Feb 24, 2025 | 13 y | 4 |
| Matthew Mcgowan | Fairhope, Al | Sep 26, 2025 | 11 y | 1 |
| John Robert Guagliardo | Fairhope, Al | Oct 3, 2025 | 28 y | 5 |
| Alexandra Elizabeth Romero | Fairhope, Al | Oct 24, 2025 | 11 y | 0 |
| Thomas Vincent Winkler | Fairhope, Al | Sep 16, 2026 | 20 y | 4 |
Advisor movement
0 left, 3 joined in 12 months
net +3 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Michael Jay Hensley to Guardian Wealth Advisors, LLCMay 11, 2022 · RIA to RIA
- Christian David Keedy to Guardian Wealth Advisors, LLCMay 11, 2022 · RIA to RIA
- David Todd Misenheimer to Guardian Wealth Advisors, LLCMay 11, 2022 · RIA to RIA
- Brandon Duke Fentress to Guardian Wealth Advisors, LLCMay 11, 2022 · RIA to RIA
- Gregory Thompson Rhinehardt to Guardian Wealth Advisors, LLCMay 11, 2022 · RIA to RIA
- Ervin Randolph Millwood to Guardian Wealth Advisors, LLCMay 11, 2022 · RIA to RIA
- Russell Brenton Smith to Guardian Wealth Advisors, LLCMay 11, 2022 · RIA to RIA
- Billy Ray Williams to Williams Financial GroupSep 28, 2020 · RIA to a newly registered adviser
- Matt Andrew Williams to Williams Financial GroupSep 28, 2020 · RIA to a newly registered adviser
- Conor Clougherty to Guardian Wealth Advisors, LLCJul 7, 2020 · RIA to RIA
- Jeffrey David Link to Guardian Wealth Advisors, LLCJun 1, 2020 · RIA to a newly registered adviser
- Marc Douglas Salyers to Sandifer Wealth Management, Inc.Jun 28, 2017 · Other
Joined, latest
- Thomas Vincent Winkler from Virtus Investment Advisers, LLCSep 16, 2026 · Other
- John Robert Guagliardo from First Financial Equity CorporationOct 3, 2025 · Other
- Matthew Mcgowan from Sei Investments Management CorpSep 26, 2025 · Other
- Jacob Martin Marriott from First Trust Advisors LPFeb 24, 2025 · Other
- Tenzin Phuntsok from First Trust Advisors LPFeb 24, 2025 · Other
- James Gerald Yahoudy from Td Ameritrade, Inc.Nov 17, 2020 · Other
- Mark Alan Callahan from Merrill Lynch Investment Managers LPMay 10, 2019 · Other
- Jeffrey David Link from Gordon Asset Management, LLCFeb 8, 2019 · RIA to RIA
- Brandon Duke Fentress from Gordon Asset Management, LLCFeb 1, 2019 · RIA to RIA
- Matt Andrew Williams from Eagle Strategies LLCFeb 1, 2019 · Affiliated broker-dealer or bank to independent RIA
- David Todd Misenheimer from Gordon Asset Management, LLCJan 8, 2019 · RIA to RIA
- Ervin Randolph Millwood from A. G. Edwards & Sons, Inc.Jan 8, 2019 · Other
- Gregory Thompson Rhinehardt from Gordon Asset Management, LLCJan 7, 2019 · RIA to RIA
- Christian David Keedy from Gordon Asset Management, LLCJan 4, 2019 · RIA to RIA
- Russell Brenton Smith from Gordon Asset Management, LLCJan 4, 2019 · RIA to RIA
Teams: two or more advisors moving together within fourteen days, from one state
- 7 left for Guardian Wealth Advisors, LLCMay 11, 2022 · Fairhope, Al
- 2 left for Williams Financial GroupSep 28, 2020 · Fairhope, Al
- 5 joined from Gordon Asset Management, LLCFeb 1, 2019 · Durham, Nc · Firm absorbed
- 3 joined from Gordon Asset Management, LLCJan 7, 2019 · Durham, Nc
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Mathew Brett Wickmann · Chief Compliance Officercontrolsince 03/2021 · owns less than 5%
- David John Gardner · Ownercontrolsince 01/2018 · owns 50% to 75% of Aptus Holdings, LLC
- David John Gardner · Elected Managersince 12/2021 · owns F of Aptus Midco, LLC
- Carroll William Gardner · Elected Managersince 12/2021 · owns F of Aptus Midco, LLC
- Carroll William Gardner · Membersince 01/2019 · owns F of Aptus Holdings, LLC
- William John Goldsberry · Elected Managersince 12/2021 · owns F of Aptus Midco, LLC
- William John Goldsberry · Membersince 01/2018 · owns F of Aptus Holdings, LLC
- James Derek Hernquist · Membersince 12/2019 · owns F of Aptus Holdings, LLC
- James Derek Hernquist · Elected Managersince 12/2021 · owns F of Aptus Midco, LLC
- David Beckham Wyrick · Elected Managersince 12/2021 · owns F of Aptus Midco, LLC
- David Beckham Wyrick · Membersince 01/2018 · owns F of Aptus Holdings, LLC
Entity owners
- Aptus Midco, LLC · Ownerdirect · owns 75% or more
- Aptus Holdings, LLC · Ownerindirect · owns 50% to 75% of Aptus Midco, LLC
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 |
|---|---|---|---|---|---|
| Fairhope, Al · principal | 19 | 4 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Birmingham, AL7 employees
- Gibsonia, PA1 employees
- Homewood, AL1 employees
- Piedmont, CA1 employees
- St. Petersburg, FL1 employees
- , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- high office count relative to headcountStatic outlier · filing Jul 22, 2026offices per registered advisor of 0.9 against a peer median of 0.3 (171 comparable advisers, 98.0th percentile, 4.0 robust deviations)peers: independent wealth managers, $5B to $20B (171) · 98% percentile
What changed
consecutive filings, newest first
- Accounts · 9,347 to 12,707Jan 2, 2026 to Mar 26, 2026
- Advisory employees · 19 to 26Jan 2, 2026 to Mar 26, 2026
- BD registered reps · 3 to 0Jan 2, 2026 to Mar 26, 2026
- HNW clients · 1,575 to 2,358Jan 2, 2026 to Mar 26, 2026
- Individual clients · 7,763 to 10,335Jan 2, 2026 to Mar 26, 2026
- Employees · 36 to 40Jan 2, 2026 to Mar 26, 2026
- Financial planning clients · 101-250 to 251-500Jan 2, 2026 to Mar 26, 2026
- State-registered IARs · 15 to 19Jan 2, 2026 to Mar 26, 2026
- Other offices · 17 to 16Jan 2, 2026 to Mar 26, 2026
- Discretionary RAUM · $9.3B to $13BJan 2, 2026 to Mar 26, 2026
- HNW RAUM · $5.0B to $7.8BJan 2, 2026 to Mar 26, 2026
- Individual RAUM · $2.1B to $3.0BJan 2, 2026 to Mar 26, 2026
- Non-discretionary RAUM · $601M to $1.4BJan 2, 2026 to Mar 26, 2026
- RAUM · $9.9B to $14BJan 2, 2026 to Mar 26, 2026
- Related bank · false to trueJan 2, 2026 to Mar 26, 2026
- Financial planning clients · 101-250 to 101-250Mar 31, 2025 to Jul 14, 2025
- Accounts · 7,056 to 9,347Jan 21, 2025 to Mar 31, 2025
- Advisory employees · 16 to 19Jan 21, 2025 to Mar 31, 2025
- Advisory activities · 3 to 4Jan 21, 2025 to Mar 31, 2025
- HNW clients · 881 to 1,575Jan 21, 2025 to Mar 31, 2025
- Individual clients · 6,167 to 7,763Jan 21, 2025 to Mar 31, 2025
- Employees · 24 to 36Jan 21, 2025 to Mar 31, 2025
- State-registered IARs · 16 to 15Jan 21, 2025 to Mar 31, 2025
- Discretionary RAUM · $4.7B to $9.3BJan 21, 2025 to Mar 31, 2025
- HNW RAUM · $2.7B to $5.0BJan 21, 2025 to Mar 31, 2025
- Individual RAUM · $1.6B to $2.1BJan 21, 2025 to Mar 31, 2025
- Non-discretionary RAUM · $587M to $601MJan 21, 2025 to Mar 31, 2025
- RAUM · $5.3B to $9.9BJan 21, 2025 to Mar 31, 2025
- Other offices · 13 to 17Dec 11, 2024 to Jan 21, 2025
- Accounts · 8,824 to 7,056Jun 30, 2023 to Mar 27, 2024
- Advisory activities · 4 to 3Jun 30, 2023 to Mar 27, 2024
- HNW clients · 700 to 881Jun 30, 2023 to Mar 27, 2024
- Individual clients · 8,117 to 6,167Jun 30, 2023 to Mar 27, 2024
- Employees · 21 to 24Jun 30, 2023 to Mar 27, 2024
- Other offices · 8 to 13Jun 30, 2023 to Mar 27, 2024
- Discretionary RAUM · $2.8B to $4.7BJun 30, 2023 to Mar 27, 2024
- HNW RAUM · $1.8B to $2.7BJun 30, 2023 to Mar 27, 2024
- Individual RAUM · $1.6B to $1.6BJun 30, 2023 to Mar 27, 2024
- Non-discretionary RAUM · $1.5B to $587MJun 30, 2023 to Mar 27, 2024
- RAUM · $4.2B to $5.3BJun 30, 2023 to Mar 27, 2024
Signals
19 dated events
- Thomas Vincent Winkler registered as an investment adviser representative at Aptus Capital Advisors, LlcSep 16, 2026 · Advisor registered · fact
- Aptus Capital Advisors, Llc reported RAUM $14.1B, up 43% from $9.9B (2026-01-02 to 2026-03-26)Mar 26, 2026 · RAUM change · derived
- Aptus Capital Advisors, Llc reported RAUM $9.9B, up 86% from $5.3B (2025-01-21 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- Aptus Capital Advisors, Llc reported 13 offices beyond its principal office, up from 8 (2023-06-30 to 2024-03-27)Mar 27, 2024 · Office count change · derived
- Gregory Thompson Rhinehardt left Aptus Capital Advisors, Llc for Guardian Wealth Advisors, Llc (registered 2022-06-01)May 11, 2022 · Advisor changed firm · fact
- Christian David Keedy left Aptus Capital Advisors, Llc for Guardian Wealth Advisors, Llc (registered 2022-05-12)May 11, 2022 · Advisor changed firm · fact
- David Todd Misenheimer left Aptus Capital Advisors, Llc for Guardian Wealth Advisors, Llc (registered 2022-06-07)May 11, 2022 · Advisor changed firm · fact
- Michael Jay Hensley left Aptus Capital Advisors, Llc for Guardian Wealth Advisors, Llc (registered 2022-05-23)May 11, 2022 · Advisor changed firm · fact
- Ervin Randolph Millwood left Aptus Capital Advisors, Llc for Guardian Wealth Advisors, Llc (registered 2022-05-13)May 11, 2022 · Advisor changed firm · fact
- Russell Brenton Smith left Aptus Capital Advisors, Llc for Guardian Wealth Advisors, Llc (registered 2022-05-13)May 11, 2022 · Advisor changed firm · fact
- Brandon Duke Fentress left Aptus Capital Advisors, Llc for Guardian Wealth Advisors, Llc (registered 2022-05-16)May 11, 2022 · Advisor changed firm · fact
- 7 advisors left Aptus Capital Advisors, LLC (Fairhope, AL) for Guardian Wealth Advisors, LLC on the same dayMay 11, 2022 · Team lift-out · derived
- Aptus Capital Advisors, Llc reported RAUM $4.0B, up 59% from $2.5B (2022-01-13 to 2022-03-30)Mar 30, 2022 · RAUM change · derived
- Aptus Capital Advisors, Llc reported RAUM $2.5B, up 75% from $1.4B (2020-12-04 to 2021-03-30)Mar 30, 2021 · RAUM change · derived
- Mathew Brett Wickmann (Chief Compliance Officer) appeared on Schedule A of Aptus Capital Advisors, LlcMar 30, 2021 · Control person joined · fact
- Aptus Capital Advisors, Llc reported RAUM $1.2B, up 298% from $291.6M (2019-03-01 to 2019-03-29)Mar 29, 2019 · RAUM change · derived
- Aptus Capital Advisors, Llc reported 15 state-registered advisory representatives, up from 5 (2018-07-30 to 2019-01-10)Jan 10, 2019 · Advisor headcount change · derived
- Aptus Capital Advisors, Llc reported RAUM $291.6M, up 207% from $95.0M (2018-01-02 to 2018-03-30)Mar 30, 2018 · RAUM change · derived
- Aptus Capital Advisors, Llc filed its initial SEC registration (Form ADV)Apr 15, 2016 · 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
- 800-617-0004reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/aptus-capital-advisorsreportedpublic record, Form ADV, Sep 17, 2026
- Website
- aptusetfs.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 251-517-7198reportedpublic record, Form ADV, Jul 22, 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
- $786Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026