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

A•••••••• D••••

Independent wealth managerBaltimore, MarylandCRD 168345SEC 801-106631websiteIAPD
Legal name A••• L••
Latest filing Jun 25, 2026
First filing on the tape Jul 3, 2013 · 62 filings
SEC status approved since Sep 8, 2015
RAUM
$448M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$443M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$74.6M
derived; firm RAUM over IAPD count
Employees
9
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
62 filings and snapshots on the tape
RAUM$448M as of Jun 25, 2026
Mar 1, 2014$54.1M then
HNW client RAUM$404M as of Jun 25, 2026
Mar 28, 2018$139M then
State-registered IARs (5.B.3)6 as of Jun 25, 2026
Mar 1, 20143 then
Employees (5.A)9 as of Jun 25, 2026
Mar 1, 20147 then
Private funds: no history
RAUM +28% over the last fiscal year+18% a year over threeIARs 6 to 6offices 1 to 0
Practice profile
derived from the filing of Jun 25, 2026; every figure names its basis
Archetypes, each a printed rule
  • 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
RAUM per advisor
$74.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
48derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.6MderivedHNW RAUM over HNW clients
Average account
$467,615derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
6.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+28%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-5.8%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Custody
$306M, 228 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)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$404M90%
  • Individuals$38.8M8.7%
  • Corporations and businesses$2.4M0.5%
  • Charitable organizations$1.1M0.3%
  • Pension and profit-sharing plans$834,4220.2%
Individual clients
132reported
HNW clients
158reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
957reported
Financial planning clients
11-25reported
Wrap fee programs
noreported
Custody of client assets
$306M for 228 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.99 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=6.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
G•••••• P••• A••••••••Certified Financial PlannerBaltimore, MdAug 19, 201320 y2
S••••••• L• E•••••••••Certified Financial PlannerBaltimore, MdMar 24, 201412 y0
K•••• A••• B••••Baltimore, MdJul 23, 201513 y0
H••• J••••• B••••••Certified Financial PlannerBaltimore, MdAug 1, 201618 y3
N••••••• F••••••• S••••••Certified Financial PlannerMount Pleasant, Sc Apr 19, 201811 y2
T••••• D•••Certified Financial PlannerBaltimore, MdNov 15, 202413 y2
Advisor movement
0 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • A••••••••• G••••••• P••• · Managing Membercontrol
    since 08/2013 · owns 50% to 75%
  • B••••••• H•••• J••••• · Membercontrol
    since 03/2018 · owns 50% to 75%
  • B••••• K••••• A••• · Chief Compliance Officercontrol
    since 03/2018 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Baltimore, Md · principal600
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 932 to 957
    Nov 25, 2025 to Mar 30, 2026
  • Advisory activities · 4 to 3
    Nov 25, 2025 to Mar 30, 2026
  • BD registered reps · 5 to 6
    Nov 25, 2025 to Mar 30, 2026
  • Corporate clients · 5 to 4
    Nov 25, 2025 to Mar 30, 2026
  • HNW clients · 143 to 158
    Nov 25, 2025 to Mar 30, 2026
  • Individual clients · 165 to 132
    Nov 25, 2025 to Mar 30, 2026
  • Assets in custody · $164M to $306M
    Nov 25, 2025 to Mar 30, 2026
  • Other offices · 1 to 0
    Nov 25, 2025 to Mar 30, 2026
  • Discretionary RAUM · $349M to $446M
    Nov 25, 2025 to Mar 30, 2026
  • HNW RAUM · $305M to $404M
    Nov 25, 2025 to Mar 30, 2026
  • Individual RAUM · $41.6M to $38.8M
    Nov 25, 2025 to Mar 30, 2026
  • Non-discretionary RAUM · $1.5M to $1.1M
    Nov 25, 2025 to Mar 30, 2026
  • Pension RAUM · $588,112 to $834,422
    Nov 25, 2025 to Mar 30, 2026
  • RAUM · $351M to $448M
    Nov 25, 2025 to Mar 30, 2026
  • Accounts · 876 to 932
    Sep 10, 2024 to Mar 24, 2025
  • BD registered reps · 6 to 5
    Sep 10, 2024 to Mar 24, 2025
  • HNW clients · 127 to 143
    Sep 10, 2024 to Mar 24, 2025
  • Individual clients · 178 to 165
    Sep 10, 2024 to Mar 24, 2025
  • Assets in custody · $274M to $164M
    Sep 10, 2024 to Mar 24, 2025
  • Employees · 6 to 9
    Sep 10, 2024 to Mar 24, 2025
  • Financial planning clients · 11-25 to 11-25
    Sep 10, 2024 to Mar 24, 2025
  • Other offices · 0 to 1
    Sep 10, 2024 to Mar 24, 2025
  • Discretionary RAUM · $300M to $349M
    Sep 10, 2024 to Mar 24, 2025
  • HNW RAUM · $269M to $305M
    Sep 10, 2024 to Mar 24, 2025
  • Individual RAUM · $38.6M to $41.6M
    Sep 10, 2024 to Mar 24, 2025
  • Non-discretionary RAUM · $12.3M to $1.5M
    Sep 10, 2024 to Mar 24, 2025
  • Pension RAUM · $1.5M to $588,112
    Sep 10, 2024 to Mar 24, 2025
  • RAUM · $312M to $351M
    Sep 10, 2024 to Mar 24, 2025
  • Other offices · 1 to 0
    Mar 29, 2024 to Sep 10, 2024
  • Accounts · 825 to 876
    Apr 5, 2023 to Mar 29, 2024
  • Corporate clients · unset to 5.0
    Apr 5, 2023 to Mar 29, 2024
  • HNW clients · 61 to 127
    Apr 5, 2023 to Mar 29, 2024
  • Individual clients · 189 to 178
    Apr 5, 2023 to Mar 29, 2024
  • Assets in custody · $195M to $274M
    Apr 5, 2023 to Mar 29, 2024
  • Discretionary RAUM · $259M to $300M
    Apr 5, 2023 to Mar 29, 2024
  • HNW RAUM · $226M to $269M
    Apr 5, 2023 to Mar 29, 2024
  • Individual RAUM · $39.8M to $38.6M
    Apr 5, 2023 to Mar 29, 2024
  • Non-discretionary RAUM · $12.7M to $12.3M
    Apr 5, 2023 to Mar 29, 2024
  • Pension RAUM · $3.4M to $1.5M
    Apr 5, 2023 to Mar 29, 2024
  • RAUM · $272M to $312M
    Apr 5, 2023 to Mar 29, 2024
Signals
2 dated events
  • Britton Colin Exelby (Member) no longer on Schedule A of A•••••••• D•••• (listed 2020-12-16, absent 2021-03-26)
    Mar 26, 2021 · Control person left · inference
  • H••••• D••••••• L•• filed its initial SEC registration (Form ADV)
    Jul 3, 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
Business email
rsanthoshkumar@armstrongdixon.comreportedpublished by the firm, firm site, Sep 16, 2026
Business email
jlong@armstrongdixon.comreportedpublished by the firm, firm site, Sep 16, 2026
Business email
jscharmann@armstrongdixon.comreportedpublished by the firm, firm site, Sep 16, 2026
Business email
kunderwood@armstrongdixon.comreportedpublished by the firm, firm site, Sep 16, 2026
Business email
madeleke@armstrongdixon.comreportedpublished by the firm, firm site, Sep 16, 2026
Business phone
443-563-1110reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
443-219-8856reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
443-563-1111reportedpublished by the firm, firm site, Sep 16, 2026
Firm profile
H••••://WWW.LINKEDIN.COM/COMPANY/A••••••••-AND-D••••reportedpublic record, Form ADV, Sep 18, 2026
Website
A••••••••D••••.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
443-563-1111reportedpublic record, Form ADV, Jun 25, 2026
Contact form
armstrongdixon.com/contactreportedpublished by the firm, firm site, Sep 16, 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
$74.6Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026