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

M••••• B••••• A•••••••

Independent wealth managerHermitage, PennsylvaniaCRD 168073SEC 801-114359websiteIAPD
Legal name M•• A••••••• L••
Latest filing Feb 10, 2026
First filing on the tape Oct 31, 2018 · 14 filings
SEC status approved since Nov 30, 2018
RAUM
$343M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
94%
$323M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$114M
derived; firm RAUM over IAPD count
Employees
5
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$343M as of Feb 10, 2026
Mar 10, 2019$112M then
HNW client RAUM$244M as of Feb 10, 2026
Mar 10, 2019$80.9M then
State-registered IARs (5.B.3)4 as of Feb 10, 2026
Mar 10, 20192 then
Employees (5.A)5 as of Feb 10, 2026
Mar 10, 20192 then
Private funds: no history
RAUM +25% over the last fiscal year+18% a year over threeIARs 3 to 4
Practice profile
derived from the filing of Feb 10, 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
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$114MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
82derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.2MderivedHNW RAUM over HNW clients
Average account
$336,886derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+25%derivedbetween the last two annual amendments
Advisor growth, one year
+33%derivedItem 5.B.3 between annual amendments
Client growth, one year
-43%derived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
Custody
$74.3M, 229 clientsreportedItem 9.A
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 cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$244M71%
  • Individuals$78.8M23%
  • Corporations and businesses$14.8M4.3%
  • Charitable organizations$5.2M1.5%
Individual clients
169reported
HNW clients
76reported
Pension plan clients
n/areported
Charitable clients
8reported
Accounts
1,017reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$74.3M for 229 clientsreported
Compensation
% of AUM, hourlyreported
Class basis
private_client_share=0.94 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J••• W••••• M•••••Certified Financial PlannerHermitage, PaAug 9, 201313 y0
M•••••• J•••• B•••••Chartered Financial AnalystHermitage, PaAug 9, 201320 y1
A••••• C•••• P•••••Certified Financial Planner, Chartered Financial ConsultantHermitage, PaFeb 9, 202113 y1
Advisor movement
1 left, 1 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • B•••••• M••••••• J•••• · Managing Member & Principalcontrol
    since 06/2013 · owns 50% to 75%
  • M•••••• J•••• W••••• · Managing Member Principal & Chief Compliance Officercontrol
    since 06/2013 · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Hermitage, Pa · principal300
New Wilmington, Pa001
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 Feb 10, 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 $275,174,980 to $342,613,223, advisors 3 to 4, private clients 429 to 245, offices 0 to 0 (2025-03-20 to 2026-02-10)
    peers: independent wealth managers, $100M to $500M (5,676)
  • client count collapseChange between filings · filing Feb 10, 2026
    individual and HNW clients (Item 5.D) moved from 429.0 to 245.0 (-43.0%) between the annual amendments of 2025-03-20 and 2026-02-10; the peer median change was +3.0% (3309 comparable advisers, 2.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (3,309) · 2.4% percentile
What changed
consecutive filings, newest first
  • Accounts · 860 to 1,017
    Mar 20, 2025 to Feb 10, 2026
  • Advisory employees · 3 to 4
    Mar 20, 2025 to Feb 10, 2026
  • Charity clients · 12 to 8
    Mar 20, 2025 to Feb 10, 2026
  • Corporate clients · 21 to 11
    Mar 20, 2025 to Feb 10, 2026
  • HNW clients · 105 to 76
    Mar 20, 2025 to Feb 10, 2026
  • Individual clients · 324 to 169
    Mar 20, 2025 to Feb 10, 2026
  • Assets in custody · $78.6M to $74.3M
    Mar 20, 2025 to Feb 10, 2026
  • Employees · 4 to 5
    Mar 20, 2025 to Feb 10, 2026
  • State-registered IARs · 3 to 4
    Mar 20, 2025 to Feb 10, 2026
  • Discretionary RAUM · $275M to $343M
    Mar 20, 2025 to Feb 10, 2026
  • HNW RAUM · $184M to $244M
    Mar 20, 2025 to Feb 10, 2026
  • Individual RAUM · $73.0M to $78.8M
    Mar 20, 2025 to Feb 10, 2026
  • RAUM · $275M to $343M
    Mar 20, 2025 to Feb 10, 2026
  • Accounts · 789 to 860
    Mar 12, 2024 to Mar 20, 2025
  • Charity clients · 14 to 12
    Mar 12, 2024 to Mar 20, 2025
  • Corporate clients · 22 to 21
    Mar 12, 2024 to Mar 20, 2025
  • HNW clients · 92 to 105
    Mar 12, 2024 to Mar 20, 2025
  • Individual clients · 307 to 324
    Mar 12, 2024 to Mar 20, 2025
  • Assets in custody · unset to 78594921.0
    Mar 12, 2024 to Mar 20, 2025
  • Custody of client assets · false to true
    Mar 12, 2024 to Mar 20, 2025
  • Employees · 3 to 4
    Mar 12, 2024 to Mar 20, 2025
  • Financial planning clients · 101-250 to 101-250
    Mar 12, 2024 to Mar 20, 2025
  • Discretionary RAUM · $259M to $275M
    Mar 12, 2024 to Mar 20, 2025
  • HNW RAUM · $178M to $184M
    Mar 12, 2024 to Mar 20, 2025
  • Individual RAUM · $63.4M to $73.0M
    Mar 12, 2024 to Mar 20, 2025
  • RAUM · $259M to $275M
    Mar 12, 2024 to Mar 20, 2025
  • Accounts · 676 to 789
    Apr 20, 2023 to Mar 12, 2024
  • Charity clients · 8 to 14
    Apr 20, 2023 to Mar 12, 2024
  • Corporate clients · 17 to 22
    Apr 20, 2023 to Mar 12, 2024
  • HNW clients · 72 to 92
    Apr 20, 2023 to Mar 12, 2024
  • Individual clients · 288 to 307
    Apr 20, 2023 to Mar 12, 2024
  • Pension plan clients · 2.0 to unset
    Apr 20, 2023 to Mar 12, 2024
  • Discretionary RAUM · $208M to $259M
    Apr 20, 2023 to Mar 12, 2024
  • HNW RAUM · $146M to $178M
    Apr 20, 2023 to Mar 12, 2024
  • Individual RAUM · $50.9M to $63.4M
    Apr 20, 2023 to Mar 12, 2024
  • Pension RAUM · 1386.0 to unset
    Apr 20, 2023 to Mar 12, 2024
  • RAUM · $208M to $259M
    Apr 20, 2023 to Mar 12, 2024
  • Accounts · 592 to 676
    Oct 11, 2022 to Mar 13, 2023
  • Charity clients · unset to 8.0
    Oct 11, 2022 to Mar 13, 2023
  • Corporate clients · 13 to 17
    Oct 11, 2022 to Mar 13, 2023
Signals
2 dated events
  • R••••• J•••• P•••••• left M••••• B••••• A••••••• for M••••• G••••• A••••••• I••• (registered 2026-08-24)
    Jun 12, 2026 · Advisor changed firm · fact
  • M••••• B••••• A••••••• filed its initial SEC registration (Form ADV)
    Oct 31, 2018 · 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
724-301-1209reportedpublished by the firm, firm site, Sep 15, 2026
Website
M•••••B•••••.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
724-977-6275reportedpublic record, Form ADV, Feb 10, 2026
Contact form
m•••••••••.comreportedpublished 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
$114Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026