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
Frugal Financial Retirement Plan Services, LLC
Latest filing Mar 27, 2026
First filing on the tape Jun 3, 2014 · 13 filings
SEC status approved since May 31, 2022
RAUM
$195M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$65.0M
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$195M as of Mar 27, 2026
Mar 30, 2015$1.6M then
HNW client RAUM$0 as of Mar 27, 2026
Mar 17, 2023$0 then
State-registered IARs (5.B.3)4 as of Mar 27, 2026
Mar 30, 20153 then
Employees (5.A)4 as of Mar 27, 2026
Mar 30, 20153 then
Private funds: no history
RAUM +14% over the last fiscal year+24% a year over threeIARs 2 to 4
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional 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
- $65.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $1.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 100%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- +100%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- pension consultingreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$195M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 128reported
- Charitable clients
- 0reported
- Accounts
- 128reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- 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
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Lisa Mary Tharp | Mobile, Al | Jun 23, 2015 | 14 y | 0 |
| Eric Christopher Droblyen | Mobile, Al | May 17, 2019 | 25 y | 0 |
| John Russell Moody | Mobile, Al | Mar 6, 2026 | 29 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- John Russell Moody from OnedigitalMar 6, 2026 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Christopher Eric Droblyen · Managing Director, Chief Compliance Officercontrolsince 05/2013 · owns less than 5%
- Christopher Eric Droblyen · Partnercontrolsince 03/2016 · owns 75% or more of Employee Fiduciary, LLC
Entity owners
- Employee Fiduciary, LLC · Managing Memberdirect · owns 75% or more
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 |
|---|---|---|---|---|---|
| Mobile, Al · principal | 3 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Mobile, AL1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- custody status changedChange between filings · filing Mar 27, 2026custody of client assets (Item 9.A): yes on the filing of 2025-03-26, no on the filing of 2026-03-27peers: institutional managers, $100M to $500M (108)
What changed
consecutive filings, newest first
- Accounts · 138 to 128Mar 26, 2025 to Mar 27, 2026
- Pension plan clients · 138 to 128Mar 26, 2025 to Mar 27, 2026
- Assets in custody · 170739667.0 to unsetMar 26, 2025 to Mar 27, 2026
- Custody of client assets · true to falseMar 26, 2025 to Mar 27, 2026
- Employees · 2 to 4Mar 26, 2025 to Mar 27, 2026
- Insurance-licensed employees · 0 to 1Mar 26, 2025 to Mar 27, 2026
- HQ city · to MOBILEMar 26, 2025 to Mar 27, 2026
- HQ state · to ALMar 26, 2025 to Mar 27, 2026
- State-registered IARs · 2 to 4Mar 26, 2025 to Mar 27, 2026
- Discretionary RAUM · $162M to $195MMar 26, 2025 to Mar 27, 2026
- Non-discretionary RAUM · $8.4M to $0Mar 26, 2025 to Mar 27, 2026
- Pension RAUM · $171M to $195MMar 26, 2025 to Mar 27, 2026
- RAUM · $171M to $195MMar 26, 2025 to Mar 27, 2026
- Related adviser · false to trueMar 26, 2025 to Mar 27, 2026
- Accounts · 140 to 138Mar 20, 2024 to Mar 26, 2025
- Pension plan clients · 140 to 138Mar 20, 2024 to Mar 26, 2025
- Assets in custody · $136M to $171MMar 20, 2024 to Mar 26, 2025
- Financial planning clients · unset to Mar 20, 2024 to Mar 26, 2025
- HQ city · unset to Mar 20, 2024 to Mar 26, 2025
- HQ state · unset to Mar 20, 2024 to Mar 26, 2025
- Other offices · 1 to 0Mar 20, 2024 to Mar 26, 2025
- Discretionary RAUM · $129M to $162MMar 20, 2024 to Mar 26, 2025
- Non-discretionary RAUM · $6.9M to $8.4MMar 20, 2024 to Mar 26, 2025
- Pension RAUM · $136M to $171MMar 20, 2024 to Mar 26, 2025
- RAUM · $136M to $171MMar 20, 2024 to Mar 26, 2025
- Accounts · 148 to 140Mar 17, 2023 to Mar 20, 2024
- Pension plan clients · 148 to 140Mar 17, 2023 to Mar 20, 2024
- Assets in custody · $102M to $136MMar 17, 2023 to Mar 20, 2024
- Discretionary RAUM · $96.4M to $129MMar 17, 2023 to Mar 20, 2024
- Non-discretionary RAUM · $5.7M to $6.9MMar 17, 2023 to Mar 20, 2024
- Pension RAUM · $102M to $136MMar 17, 2023 to Mar 20, 2024
- RAUM · $102M to $136MMar 17, 2023 to Mar 20, 2024
- Accounts · 144 to 148Jun 6, 2022 to Mar 17, 2023
- Pension plan clients · 144 to 148Jun 6, 2022 to Mar 17, 2023
- Assets in custody · $109M to $102MJun 6, 2022 to Mar 17, 2023
- Discretionary RAUM · $102M to $96.4MJun 6, 2022 to Mar 17, 2023
- Non-discretionary RAUM · $5.9M to $5.7MJun 6, 2022 to Mar 17, 2023
- Pension RAUM · $108M to $102MJun 6, 2022 to Mar 17, 2023
- RAUM · $108M to $102MJun 6, 2022 to Mar 17, 2023
- Accounts · 7 to 144Mar 30, 2015 to Apr 28, 2022
Signals
2 dated events
- Cleveland Gregory Carpenter (Owner) no longer on Schedule A of Frugal Financial Retirement Plan Services, Llc (listed 2015-03-30, absent 2022-04-28)Apr 28, 2022 · Control person left · inference
- Frugal Financial Retirement Plan Services, Llc filed its initial SEC registration (Form ADV)Apr 28, 2022 · 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
- Principal office phone
- 727-324-4004reportedpublic record, Form ADV, Mar 27, 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
- $65.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026