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
F•••••• W••••• A•••••••• L••
Latest filing Jul 30, 2026
First filing on the tape Apr 18, 2024 · 5 filings
SEC status approved since May 20, 2024
RAUM
$208M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$208M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$69.3M
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
5 filings and snapshots on the tape
RAUM$208M as of Jul 30, 2026
Feb 18, 2025$140M then
HNW client RAUM$175M as of Jul 30, 2026
Feb 18, 2025$102M then
State-registered IARs (5.B.3)3 as of Jul 30, 2026
Feb 18, 20254 then
Employees (5.A)3 as of Jul 30, 2026
Feb 18, 20254 then
Private funds: no history
RAUM +48% over the last fiscal yearIARs 4 to 3
Practice profile
derived from the filing of Jul 30, 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
- $69.3MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 48derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.6MderivedHNW RAUM over HNW clients
- Average account
- $702,703derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +48%derivedbetween the last two annual amendments
- Advisor growth, one year
- -25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -21%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 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
- High-net-worth individuals$175M84%
- Individuals$32.8M16%
- Charitable organizations$50,0000.0%
- Individual clients
- 32reported
- HNW clients
- 111reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 296reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 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 |
|---|---|---|---|---|
| M•••••• S••••• R••• | Bellevue, Wa | Nov 22, 2013 | 46 y | 6 |
| J•••• S••••• F•••••• | Bellevue, Wa | Mar 27, 2014 | 31 y | 4 |
| S••••• J••• R•••••••• | Bellevue, Wa | Mar 27, 2020 | 10 y | 1 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 33% of current headcount1 left over 36 months
Left, latest
- J••••••• V••••• B•••• to C••••• I••••••••• A••••••• L••Jan 26, 2026 · RIA to affiliated broker-dealer or bank
Joined, latest
- S••••• J••• R•••••••• from C••••• A•••••• N••••••• L••Mar 27, 2020 · Affiliated broker-dealer or bank to independent RIA
- J••••••• V••••• B•••• from O••••••••• • C•• I•••Oct 4, 2017 · Other
- J•••• S••••• F•••••• from C••••• A•••••• N••••••• L••Mar 27, 2014 · Affiliated broker-dealer or bank to independent RIA
- M•••••• S••••• R••• from C••••• A•••••• N••••••• L••Nov 22, 2013 · Affiliated broker-dealer or bank to independent RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- F••••••• J••••• S••••• · Owner, Ccocontrolsince 10/2013 · owns 75% or more
- R•••• M••••••• S••••• · Ciocontrolsince 10/2013 · owns less than 5%
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 |
|---|---|---|---|---|---|
| Bellevue, Wa · principal | 3 | 0 | 1 |
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 Jan 30, 2026private 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 $140,124,000 to $208,000,000, advisors 4 to 3, private clients 181 to 143, offices 0 to 0 (2025-02-18 to 2026-01-30)peers: independent wealth managers, $100M to $500M (5,676)
- RAUM up 25 %Change between filings · filing Jan 30, 2026RAUM (Item 5.F) moved from $140,124,000 to $208,000,000 (+48.0%) between the annual amendments of 2025-02-18 and 2026-01-30; the peer median change was +15.0% (4550 comparable advisers, 95.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,550) · 95% percentile
What changed
consecutive filings, newest first
- Accounts · 213 to 296Feb 18, 2025 to Jan 30, 2026
- Advisory employees · 4 to 2Feb 18, 2025 to Jan 30, 2026
- Advisory activities · 2 to 3Feb 18, 2025 to Jan 30, 2026
- BD registered reps · 2 to 0Feb 18, 2025 to Jan 30, 2026
- HNW clients · 29 to 111Feb 18, 2025 to Jan 30, 2026
- Individual clients · 152 to 32Feb 18, 2025 to Jan 30, 2026
- Employees · 4 to 3Feb 18, 2025 to Jan 30, 2026
- Insurance-licensed employees · 2 to 0Feb 18, 2025 to Jan 30, 2026
- State-registered IARs · 4 to 3Feb 18, 2025 to Jan 30, 2026
- Discretionary RAUM · $140M to $208MFeb 18, 2025 to Jan 30, 2026
- HNW RAUM · $102M to $175MFeb 18, 2025 to Jan 30, 2026
- Individual RAUM · $37.9M to $32.8MFeb 18, 2025 to Jan 30, 2026
- RAUM · $140M to $208MFeb 18, 2025 to Jan 30, 2026
- Accounts · 184 to 213May 23, 2024 to Feb 18, 2025
- Advisory employees · 3 to 4May 23, 2024 to Feb 18, 2025
- Individual clients · 155 to 152May 23, 2024 to Feb 18, 2025
- Insurance-licensed employees · 0 to 2May 23, 2024 to Feb 18, 2025
- Financial planning clients · 101-250 to 101-250May 23, 2024 to Feb 18, 2025
- Discretionary RAUM · $106M to $140MMay 23, 2024 to Feb 18, 2025
- HNW RAUM · $60.0M to $102MMay 23, 2024 to Feb 18, 2025
- Individual RAUM · $45.6M to $37.9MMay 23, 2024 to Feb 18, 2025
- RAUM · $106M to $140MMay 23, 2024 to Feb 18, 2025
Signals
2 dated events
- J••••••• V••••• B•••• left F•••••• W••••• A•••••••• L•• for C••••• I••••••••• A••••••• L•• (registered 2023-06-29)Jan 26, 2026 · a•••••• firm change · fact
- F•••••• W••••• A•••••••• L•• filed its initial SEC registration (Form ADV)Apr 18, 2024 · 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
- info@fulcrumwa.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 844-621-0630reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/fulcrum-wealth-advisors/aboutreportedpublic record, Form ADV, Sep 18, 2026
- Website
- F••••••WA.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 425-250-6280reportedpublic record, Form ADV, Jul 30, 2026
- Contact form
- fulcrumwa.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- fulcrumwa.com/advisors/jim-falconereportedpublished 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
- $69.3Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026