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

Independent Advisor Alliance, LLC

Independent wealth managerCharlotte, North CarolinaCRD 168267SEC 801-78808websiteIAPD
Latest filing Aug 19, 2026
First filing on the tape Nov 8, 2013 · 275 filings
SEC status approved since Nov 26, 2013
RAUM
$17B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
95%
$16B individuals and HNW
Advisors
303
registered through the firm on IAPD
RAUM per advisor
$56.9M
derived; firm RAUM over IAPD count
Employees
251
247 advisory (5.B.1)
Offices
140
beyond the principal office
Private funds
0
reported on Schedule D
History
275 filings and snapshots on the tape
RAUM$17B as of Aug 19, 2026
Mar 24, 2014$158M then
HNW client RAUM$12B as of Aug 19, 2026
Mar 30, 2018$285M then
State-registered IARs (5.B.3)251 as of Aug 19, 2026
Mar 24, 20140 then
Employees (5.A)251 as of Aug 19, 2026
Mar 24, 201422 then
Private funds: no history
RAUM +22% over the last fiscal year+20% a year over threeIARs 243 to 251
Practice profile
derived from the filing of Aug 19, 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
  • Multi-office growth platform · an independent wealth manager (not a wirehouse, national broker-dealer RIA or broker-dealer affiliated firm) with at least five offices, at least 50 advisors, and RAUM up at least 20 percent over the last annual amendment
  • 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
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$56.9MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
139derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$768,435derivedHNW RAUM over HNW clients
Average account
$382,945derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
3.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
0.8derivedItem 5.A over advisors
Advisors per office
2.1derived141 offices incl. principal (1.F.5)
RAUM growth, one year
+22%derivedbetween the last two annual amendments
Advisor growth, one year
+3.3%derivedItem 5.B.3 between annual amendments
Client growth, one year
+26%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, publications, educational seminarsreportedItem 5.G
Wrap fee program
$11BreportedItem 5.I
Custody
$1.8B, 2,553 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Firms absorbed, 24 months
1derivedhalf or more of a firm's advisors moved here within 14 days
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is an insurance broker or agent (6.A.6)
  • 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)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$12B69%
  • Individuals$4.3B25%
  • Charitable organizations$473M2.7%
  • Corporations and businesses$292M1.7%
  • Pension and profit-sharing plans$148M0.9%
Individual clients
26,649reported
HNW clients
15,578reported
Pension plan clients
875reported
Charitable clients
932reported
Accounts
45,002reported
Financial planning clients
101-250reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$1.8B for 2,553 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.95 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=221.0derived
Advisors registered through the firm
303 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Mike Scott SheetsCertified Financial PlannerIrvine, Ca May 18, 200721 y2
Avinash Kochikar PaiCertified Financial PlannerIrvine, Ca Aug 3, 200722 y2
David Everett MckenzieNewport Beach, Ca Sep 25, 200922 y2
Robert Paul RussoCharlotte, NcDec 17, 201324 y1
Craig Boyce FaileCertified Financial PlannerCharlotte, NcDec 20, 201329 y1
Jessica Nadine SextonCharlotte, NcMar 6, 201418 y2
Keith A GregoryCertified Financial PlannerLake Wylie, ScMar 7, 201419 y1
Stephanie Yaun VokralCertified Financial PlannerColumbia, ScMar 17, 201427 y2
William Brett MckeithanSouthport, NcMay 20, 201429 y1
Gary Lynn Deese, CltcLexington, ScJun 25, 201423 y1
Antonio Vince PorrettaHarrisburg, NcJul 22, 201426 y1
Richard Justin SchrumCertified Financial PlannerWilmington, NcAug 20, 201420 y2
William Ryan TrippAiken, ScAug 22, 201421 y1
William Brad BrantleyCharlotte, NcAug 25, 201430 y3
Ryan John SchriftBelmont, NcAug 29, 201419 y1
John Paul SineathColumbia, ScSep 24, 201415 y1
Darryl Cermak-SerfassSummerfield, NcOct 7, 201417 y1
Robert Bruce EberstBoca Raton, FlOct 13, 201427 y4
Jeffrey Michael LansinkCertified Financial PlannerMount Pleasant, ScJan 7, 201529 y1
Richard Wayne HarveyGreensboro, NcFeb 9, 201527 y1
Terrence ColenCharlotte, NcMar 2, 201527 y1
Michael Sheridan YorkRaleigh, NcApr 6, 201527 y6
David G. CurryCertified Financial PlannerCharlotte, NcApr 20, 201523 y1
Steven Brian GalloClemmons, NcMay 26, 201526 y3
Jonathan Michael MarzanoClemmons, NcMay 29, 201525 y1
Ty Gary HensleyCharlotte, NcOct 2, 201532 y1
Clarence Homer SlaughterHigh Point, NcMar 3, 201630 y2
Chad Andrew PannellCharlotte, NcApr 14, 201626 y2
Philip Aaron LeeCertified Financial PlannerCharlotte, NcApr 14, 201621 y1
John Eric OsterbergCharlotte, NcApr 20, 201632 y2
David Lee BolickSalisbury, NcMay 18, 201630 y2
George Henry IrbyMatthews, NcJun 2, 201614 y2
Charlene Marie BurkhardtFremont, CaJun 30, 201635 y2
Nadine Marie Lord-DivanLa Quinta, CaJun 30, 201635 y2
Johnny Kenard RutledgeMatthews, NcJul 5, 201618 y1
Michael A McgilvaryClemmons, NcAug 17, 201611 y1
Richard Christopher FallinCharlotte, NcOct 7, 201620 y1
Charles Keith DixonMatthews, NcNov 6, 201632 y3
Kyle Robert ArcandChartered Financial ConsultantChesapeake, VaNov 10, 201638 y1
Grant Barnett GoodwinCharlotte, NcDec 15, 201625 y2
All 303 advisors at Independent Advisor Alliance, LLC
Advisor movement
18 left, 24 joined in 12 months
net +6 in 12 months7 left in 90 days6 joined in 90 daysdeparture rate 5.9% of current headcount49 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • E David Buzo · Chief Marketing Officercontrol
    since 08/2023 · owns less than 5%
  • R Topaz Morrison · Chief Growth Officercontrol
    since 08/2023 · owns less than 5%
  • Linwood Jefferson Pitt · Chief Experience Officercontrol
    since 08/2021 · owns less than 5%
  • Paul Robert Russo · Chief Executive Officer - Foundercontrol
    since 09/2013 · owns less than 5%
  • Nadine Jessica Sexton · Chief Compliance Officer - Elected Membercontrol
    since 02/2014 · owns less than 5%
  • Paul Robert Russo · Managing Membercontrol
    since 12/2023 · owns 75% or more of Iaa Holdings, LLC
  • Corey James Summerlin · Chief Experience Officer
    since 01/2026 · owns less than 5%
Entity owners
  • Iaa Holdings, LLC · Managing Member
    direct · owns 75% or more
  • LPL Capital Partners, Inc. · Minority Owner
    direct · owns 10% to 25%
Related persons
Schedule D 7.A
  • Matthew Darpel
    y
  • Nadine Lord Divan
    insurancey
  • Sage Insurance Partners
    real estatey
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Charlotte, Nc · principal3692
Columbia, Sc2021
Alexander, Ar920
Raleigh, Nc701
Irvine, Ca710
Little Rock, Ar720
Clemmons, Nc600
Irmo, Sc510
Sussex, Wi500
Matthews, Nc500
Richfield, Wi500
Tallahassee, Fl510
Lexington, Ky410
Jacksonville, Fl400
Bismark, Nd400
Oregon City, Or400
Kokomo, In400
Houston, Tx300
Atlanta, Ga301
Belmont, Nc300
Offices
Schedule D 1.F, the 25 largest
  • Matthews, NC34 employees
  • Irvine, CA7 employees
  • Columbia, SC7 employees
  • Bryant, AR6 employees
  • Raleigh, NC5 employees
  • Canton, OH4 employees
  • Knoxville, TN4 employees
  • Charlotte, NC4 employees
  • Charlotte, NC4 employees
  • Charlotte, NC4 employees
  • Clemmons, NC4 employees
  • Cornelius, NC4 employees
  • Kokomo, IN3 employees
  • Menomonee Falls, WI3 employees
  • Bismarck, ND3 employees
  • Vineland, NJ3 employees
  • Irmo, SC3 employees
  • Sussex, WI2 employees
  • Tallahassee, FL2 employees
  • Temple, TX2 employees
  • Carrollton, GA2 employees
  • Lexington, KY2 employees
  • Duluth, MN2 employees
  • Wauwatosa, WI2 employees
  • Little Rock, AR2 employees
ADV anomalies
6 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Aug 19, 2026
    Pitt, Jefferson, Linwood (CHIEF EXPERIENCE OFFICER) left Schedule A between the filings of 2024-01-31 and 2026-08-19
    peers: independent wealth managers, $5B to $20B (289)
  • control person changedChange between filings · filing Aug 19, 2026
    MORRISON, TOPAZ, R (CHIEF GROWTH OFFICER) left Schedule A between the filings of 2024-01-31 and 2026-08-19
    peers: independent wealth managers, $5B to $20B (289)
  • institutional to wealth shiftCombination · filing Apr 22, 2026
    institutional share fell 15 points or more while private-client share rose 15 points or more. RAUM $14,074,143,679 to $17,233,280,665, advisors 243 to 251, private clients 33592 to 42227, offices 140 to 140 (2025-04-03 to 2026-04-22)
    peers: independent wealth managers, $5B to $20B (289)
  • client mix shiftChange between filings · filing Apr 22, 2026
    private-client share of RAUM moved from 9.0% to 95.0% between the annual amendments of 2025-04-03 and 2026-04-22
    peers: independent wealth managers, $5B to $20B (289)
  • HNW share shiftChange between filings · filing Apr 22, 2026
    HNW share of RAUM moved from 4.0% to 69.0% between the annual amendments of 2025-04-03 and 2026-04-22
    peers: independent wealth managers, $5B to $20B (289)
  • institutional asset share shiftChange between filings · filing Apr 22, 2026
    institutional share of RAUM moved from 91.0% to 5.0% between the annual amendments of 2025-04-03 and 2026-04-22
    peers: independent wealth managers, $5B to $20B (289)
What changed
consecutive filings, newest first
  • Accounts · 54,861 to 45,002
    Feb 27, 2026 to Mar 24, 2026
  • Advisory employees · 219 to 247
    Feb 27, 2026 to Mar 24, 2026
  • BD registered reps · 211 to 221
    Feb 27, 2026 to Mar 24, 2026
  • Charity clients · 123 to 932
    Feb 27, 2026 to Mar 24, 2026
  • Corporate clients · 214 to 967
    Feb 27, 2026 to Mar 24, 2026
  • HNW clients · 9,632 to 15,578
    Feb 27, 2026 to Mar 24, 2026
  • Individual clients · 23,960 to 26,649
    Feb 27, 2026 to Mar 24, 2026
  • Pension plan clients · 197 to 875
    Feb 27, 2026 to Mar 24, 2026
  • Assets in custody · $2.2B to $1.8B
    Feb 27, 2026 to Mar 24, 2026
  • Employees · 283 to 251
    Feb 27, 2026 to Mar 24, 2026
  • Insurance-licensed employees · 3 to 11
    Feb 27, 2026 to Mar 24, 2026
  • Financial planning clients · 51-100 to 101-250
    Feb 27, 2026 to Mar 24, 2026
  • State-registered IARs · 243 to 251
    Feb 27, 2026 to Mar 24, 2026
  • Discretionary RAUM · $14B to $17B
    Feb 27, 2026 to Mar 24, 2026
  • HNW RAUM · $626M to $12B
    Feb 27, 2026 to Mar 24, 2026
  • Individual RAUM · $575M to $4.3B
    Feb 27, 2026 to Mar 24, 2026
  • Pension RAUM · $188M to $148M
    Feb 27, 2026 to Mar 24, 2026
  • Pooled vehicle RAUM · unset to 0.0
    Feb 27, 2026 to Mar 24, 2026
  • RAUM · $14B to $17B
    Feb 27, 2026 to Mar 24, 2026
  • Financial planning clients · 51-100 to 51-100
    Apr 3, 2025 to Jun 6, 2025
  • Accounts · 52,309 to 54,861
    Feb 28, 2025 to Apr 3, 2025
  • Advisory employees · 228 to 219
    Feb 28, 2025 to Apr 3, 2025
  • BD registered reps · 215 to 211
    Feb 28, 2025 to Apr 3, 2025
  • Charity clients · 105 to 123
    Feb 28, 2025 to Apr 3, 2025
  • Corporate clients · 200 to 214
    Feb 28, 2025 to Apr 3, 2025
  • HNW clients · 9,066 to 9,632
    Feb 28, 2025 to Apr 3, 2025
  • Individual clients · 22,271 to 23,960
    Feb 28, 2025 to Apr 3, 2025
  • Pension plan clients · 143 to 197
    Feb 28, 2025 to Apr 3, 2025
  • Assets in custody · $9.2B to $2.2B
    Feb 28, 2025 to Apr 3, 2025
  • Employees · 230 to 283
    Feb 28, 2025 to Apr 3, 2025
  • Insurance-licensed employees · 2 to 3
    Feb 28, 2025 to Apr 3, 2025
  • Financial planning clients · 251-500 to 51-100
    Feb 28, 2025 to Apr 3, 2025
  • State-registered IARs · 228 to 243
    Feb 28, 2025 to Apr 3, 2025
  • Other offices · 132 to 140
    Feb 28, 2025 to Apr 3, 2025
  • Discretionary RAUM · $13B to $14B
    Feb 28, 2025 to Apr 3, 2025
  • HNW RAUM · $8.0B to $626M
    Feb 28, 2025 to Apr 3, 2025
  • Individual RAUM · $4.3B to $575M
    Feb 28, 2025 to Apr 3, 2025
  • Pension RAUM · $76.1M to $188M
    Feb 28, 2025 to Apr 3, 2025
  • RAUM · $13B to $14B
    Feb 28, 2025 to Apr 3, 2025
  • Insurance-licensed employees · 0 to 2
    Mar 13, 2024 to Apr 12, 2024
Signals
60 dated events
  • Matthew Lawrence Darpel left Independent Advisor Alliance, Llc for Lpl Financial Llc (registered 2025-11-04)
    Aug 25, 2026 · Advisor changed firm · fact
  • Benjamin Paul Mcelwee left Independent Advisor Alliance, Llc for Lpl Financial Llc (registered 2026-08-04)
    Aug 13, 2026 · Advisor changed firm · fact
  • Morgan Elizabeth Hinchen left Independent Advisor Alliance, Llc for Cetera Investment Advisers Llc (registered 2026-08-12)
    Aug 12, 2026 · Advisor changed firm · fact
  • John Sherrill Sloop left Independent Advisor Alliance, Llc for Lpl Financial Llc (registered 2019-03-07)
    Aug 12, 2026 · Advisor changed firm · fact
  • Allison F Grier left Independent Advisor Alliance, Llc for Cetera Investment Advisers Llc (registered 2026-08-12)
    Aug 12, 2026 · Advisor changed firm · fact
  • John Alexander Black left Independent Advisor Alliance, Llc for Cetera Investment Advisers Llc (registered 2026-08-12)
    Aug 12, 2026 · Advisor changed firm · fact
  • 3 advisors left Independent Advisor Alliance, LLC (Rock Hill, SC) for Cetera Investment Advisers LLC on the same day
    Aug 12, 2026 · Team lift-out · derived
  • Derek Edwin Woods left Independent Advisor Alliance, Llc for Facet (registered 2026-07-09)
    Jul 6, 2026 · Advisor changed firm · fact
  • 2 advisors left Charlotte Wealth Management, LLC (Charlotte, NC) for Independent Advisor Alliance, LLC on the same day
    May 15, 2026 · Team lift-out · derived
  • Michael Jon Forney left Independent Advisor Alliance, Llc for Lifeworks Advisors, Llc (registered 2026-04-29)
    Apr 15, 2026 · Advisor changed firm · fact
  • Timothy Stephen Fuller left Independent Advisor Alliance, Llc for Corevision Financial Group (registered 2026-08-13)
    Mar 4, 2026 · Advisor changed firm · fact
  • Jonathan Phillip Bednar left Independent Advisor Alliance, Llc for Corevision Financial Group (registered 2026-03-04)
    Mar 4, 2026 · Advisor changed firm · fact
  • Todd Gibson Birdwell left Independent Advisor Alliance, Llc for Corevision Financial Group (registered 2026-03-04)
    Mar 4, 2026 · Advisor changed firm · fact
  • Jonathan Phillip Bednar left Independent Advisor Alliance, Llc for Corevision Financial Group (registered 2026-03-04)
    Mar 4, 2026 · Advisor changed firm · fact
  • 4 advisors left Independent Advisor Alliance, LLC (Knoxville, TN) for Corevision Financial Group on the same day
    Mar 4, 2026 · Team lift-out · derived
  • Jeffery Wilson Masters left Independent Advisor Alliance, Llc for Gateway Wealth Partners, Llc (registered 2026-02-26)
    Feb 24, 2026 · Advisor changed firm · fact
  • Thomas Edwin Perry left Independent Advisor Alliance, Llc for Osaic Wealth, Inc. (registered 2026-01-28)
    Feb 20, 2026 · Advisor changed firm · fact
  • Jeffrey Michael Walters left Independent Advisor Alliance, Llc for Lpl Financial Llc (registered 2025-06-03)
    Jan 22, 2026 · Advisor changed firm · fact
  • William Richard Miller left Independent Advisor Alliance, Llc for Raymond James Financial Services Advisors, Inc (registered 2026-01-22)
    Jan 22, 2026 · Advisor changed firm · fact
  • Nicholas Arthur Nielsen left Independent Advisor Alliance, Llc for Raymond James Financial Services Advisors, Inc (registered 2026-01-22)
    Jan 22, 2026 · Advisor changed firm · fact
  • Andres Mauricio Romero left Independent Advisor Alliance, Llc for E2E Financial (registered 2025-12-17)
    Dec 16, 2025 · Advisor changed firm · fact
  • 4 advisors left Financial Advocates Investment Management (Olympia, WA) for Independent Advisor Alliance, LLC on the same day
    Sep 25, 2025 · Team lift-out · derived
  • 3 advisors left Financial Advocates Investment Management (Oregon City, OR) for Independent Advisor Alliance, LLC on the same day
    Sep 25, 2025 · Team lift-out · derived
  • Cory Justin Wright left Independent Advisor Alliance, Llc for Gateway Wealth Partners, Llc (registered 2025-11-26)
    Aug 21, 2025 · Advisor changed firm · fact
  • Christopher Michael Hagen left Independent Advisor Alliance, Llc for Gateway Wealth Partners, Llc (registered 2025-08-26)
    Aug 21, 2025 · Advisor changed firm · fact
  • 2 advisors left Efficient Advisors (Mason, OH) for Independent Advisor Alliance, LLC on the same day
    Aug 21, 2025 · Team lift-out · derived
  • 2 advisors left Independent Advisor Alliance, LLC (Montgomery, AL) for Gateway Wealth Partners, LLC on the same day
    Aug 21, 2025 · Team lift-out · derived
  • Andy Dewayne Garcia left Independent Advisor Alliance, Llc for Lpl Financial Llc (registered 2025-06-16)
    Jun 16, 2025 · Advisor changed firm · fact
  • 3 advisors left Advisor Resource Council (Metairie, LA) for Independent Advisor Alliance, LLC on the same day
    May 30, 2025 · Team lift-out · derived
  • Erin M Mccarty left Independent Advisor Alliance, Llc for Cypress Capital (registered 2025-05-23)
    May 23, 2025 · Advisor changed firm · 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
727-470-9192reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
803-399-2000reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
803-649-9295reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/independentaareportedpublic record, Form ADV, Sep 17, 2026
Website
cfgsc.orgreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
888.430.1555reportedpublic record, Form ADV, Aug 19, 2026
Team page
crescentfinancialgroup.com/our-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
$56.9Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026