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

R•••••• W••••• M•••••••••

Independent wealth managerSalt Lake City, UtahCRD 169563SEC 801-120529websiteIAPD
Latest filing May 19, 2026
First filing on the tape Feb 12, 2021 · 18 filings
SEC status approved since Mar 12, 2021
RAUM
$211M
reported, Item 5.F
Discretionary
89%
of RAUM
Private clients
100%
$211M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$42.2M
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$211M as of May 19, 2026
Feb 23, 2022$128M then
HNW client RAUM$132M as of May 19, 2026
Feb 23, 2022$55.9M then
State-registered IARs (5.B.3)3 as of May 19, 2026
Feb 23, 20222 then
Employees (5.A)5 as of May 19, 2026
Feb 23, 20224 then
Private funds1 as of Jan 24, 2023
Feb 23, 20221 then
RAUM +12% over the last fiscal year+14% a year over threeIARs 4 to 3
Practice profile
derived from the filing of May 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
  • 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
$42.2MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
82derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.9MderivedHNW RAUM over HNW clients
Average account
$231,769derivedRAUM over accounts (5.F.2.f)
Discretionary
89%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
5.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+12%derivedbetween the last two annual amendments
Advisor growth, one year
-25%derivedItem 5.B.3 between annual amendments
Client growth, one year
-40%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for pooled vehiclesreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$132M63%
  • Individuals$78.6M37%
Individual clients
337reported
HNW clients
71reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
910reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
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
5 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
R••• R••••• L•••••Certified Financial PlannerSalt Lake City, UtJul 28, 202125 y2
M•••••• R••••• W•••••••Certified Financial PlannerSalt Lake City, UtJul 28, 202120 y2
K••• D••••• W•••••••Salt Lake City, UtSep 7, 202110 y0
C•••• B••••Salt Lake City, UtJul 25, 202415 y0
L••• W•••••••Salt Lake City, UtDec 12, 202511 y0
Advisor movement
0 left, 0 joined in 12 months
net 0 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
    Private funds
    1 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    R•• P••••••• 1• L•no longer reportedPrivate Equity Fund$1.0M95Feb 12, 2021
    Owners and control persons
    Schedule A and B, latest filing
    • L•••••• R•••• R••••• · Chief Compliance Officercontrol
      since 10/2013 · owns 75% or more
    Related persons
    Schedule D 7.A
    • R•• A••••• L••
      real estatey
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Salt Lake City, Ut · principal510
    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 Mar 19, 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 $188,743,323 to $210,909,614, advisors 4 to 3, private clients 685 to 408, offices 0 to 0 (2025-03-11 to 2026-03-19)
      peers: independent wealth managers, $100M to $500M (5,676)
    • client count collapseChange between filings · filing Mar 19, 2026
      individual and HNW clients (Item 5.D) moved from 685.0 to 408.0 (-40.0%) between the annual amendments of 2025-03-11 and 2026-03-19; the peer median change was +3.0% (3309 comparable advisers, 3.0th percentile of changes)
      peers: independent wealth managers, $100M to $500M (3,309) · 2.6% percentile
    What changed
    consecutive filings, newest first
    • Accounts · 1,125 to 910
      Mar 11, 2025 to Mar 19, 2026
    • HNW clients · 57 to 71
      Mar 11, 2025 to Mar 19, 2026
    • Individual clients · 628 to 337
      Mar 11, 2025 to Mar 19, 2026
    • Pension plan clients · 4 to 0
      Mar 11, 2025 to Mar 19, 2026
    • Employees · 6 to 5
      Mar 11, 2025 to Mar 19, 2026
    • State-registered IARs · 4 to 3
      Mar 11, 2025 to Mar 19, 2026
    • Discretionary RAUM · $165M to $187M
      Mar 11, 2025 to Mar 19, 2026
    • HNW RAUM · $98.4M to $132M
      Mar 11, 2025 to Mar 19, 2026
    • Individual RAUM · $82.6M to $78.6M
      Mar 11, 2025 to Mar 19, 2026
    • Non-discretionary RAUM · $23.6M to $24.2M
      Mar 11, 2025 to Mar 19, 2026
    • Pension RAUM · $7.8M to $0
      Mar 11, 2025 to Mar 19, 2026
    • RAUM · $189M to $211M
      Mar 11, 2025 to Mar 19, 2026
    • Accounts · 865 to 1,125
      Dec 26, 2024 to Mar 11, 2025
    • HNW clients · 58 to 57
      Dec 26, 2024 to Mar 11, 2025
    • Individual clients · 414 to 628
      Dec 26, 2024 to Mar 11, 2025
    • Employees · 4 to 6
      Dec 26, 2024 to Mar 11, 2025
    • Financial planning clients · 101-250 to 251-500
      Dec 26, 2024 to Mar 11, 2025
    • State-registered IARs · 3 to 4
      Dec 26, 2024 to Mar 11, 2025
    • Discretionary RAUM · $141M to $165M
      Dec 26, 2024 to Mar 11, 2025
    • HNW RAUM · $83.5M to $98.4M
      Dec 26, 2024 to Mar 11, 2025
    • Individual RAUM · $72.0M to $82.6M
      Dec 26, 2024 to Mar 11, 2025
    • Non-discretionary RAUM · $22.8M to $23.6M
      Dec 26, 2024 to Mar 11, 2025
    • Pension RAUM · $7.9M to $7.8M
      Dec 26, 2024 to Mar 11, 2025
    • RAUM · $163M to $189M
      Dec 26, 2024 to Mar 11, 2025
    • Accounts · 932 to 865
      Oct 25, 2023 to Feb 9, 2024
    • HNW clients · 39 to 58
      Oct 25, 2023 to Feb 9, 2024
    • Individual clients · 457 to 414
      Oct 25, 2023 to Feb 9, 2024
    • Pension plan clients · 3 to 4
      Oct 25, 2023 to Feb 9, 2024
    • Assets in custody · 3500000.0 to unset
      Oct 25, 2023 to Feb 9, 2024
    • Custody of client assets · true to false
      Oct 25, 2023 to Feb 9, 2024
    • Private funds · 1 to unset
      Oct 25, 2023 to Feb 9, 2024
    • Discretionary RAUM · $127M to $141M
      Oct 25, 2023 to Feb 9, 2024
    • HNW RAUM · $67.1M to $83.5M
      Oct 25, 2023 to Feb 9, 2024
    • Individual RAUM · $69.4M to $72.0M
      Oct 25, 2023 to Feb 9, 2024
    • Non-discretionary RAUM · $14.1M to $22.8M
      Oct 25, 2023 to Feb 9, 2024
    • Pension RAUM · $5.0M to $7.9M
      Oct 25, 2023 to Feb 9, 2024
    • RAUM · $142M to $163M
      Oct 25, 2023 to Feb 9, 2024
    • Advisory employees · 2 to 3
      Jan 24, 2023 to Jul 19, 2023
    • State-registered IARs · 2 to 3
      Jan 24, 2023 to Jul 19, 2023
    • Accounts · 729 to 932
      Oct 14, 2022 to Jan 24, 2023
    Signals
    1 dated events
    • R•••••• W••••• M••••••••• filed its initial SEC registration (Form ADV)
      Feb 12, 2021 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    How to reach
    public business contact points only, each with its source
    Business email
    s••••••@r••••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
    Business phone
    385-351-0200reportedpublished by the firm, firm site, Sep 16, 2026
    Website
    R••••••WM.COMreportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    385-351-0200reportedpublic record, Form ADV, May 19, 2026
    Contact form
    r••••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
    Team page
    r••••••••.comreportedpublished 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
    $42.2Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026