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
M••••••••• F••••••••
Legal name M••••••••• F•••••••• S•••••••• L••
Latest filing Jun 17, 2026
First filing on the tape Jan 16, 2024 · 10 filings
SEC status approved since Feb 15, 2024
RAUM
$230M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$230M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$57.4M
derived; firm RAUM over IAPD count
Employees
6
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$230M as of Jun 17, 2026
Feb 12, 2025$167M then
HNW client RAUM$52.4M as of Jun 17, 2026
Feb 12, 2025$23.0M then
State-registered IARs (5.B.3)4 as of Jun 17, 2026
Feb 12, 20254 then
Employees (5.A)6 as of Jun 17, 2026
Feb 12, 20256 then
Private funds: no history
RAUM +38% over the last fiscal yearIARs 4 to 4
Practice profile
derived from the filing of Jun 17, 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
- Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
- RAUM per advisor
- $57.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 238derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.0MderivedHNW RAUM over HNW clients
- Average account
- $152,663derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +22%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +9.6%derived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisers, educational seminarsreportedItem 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
- Individuals$177M77%
- High-net-worth individuals$52.4M23%
- Charitable organizations$237,4470.1%
- Individual clients
- 924reported
- HNW clients
- 26reported
- Pension plan clients
- n/areported
- Charitable clients
- 2reported
- Accounts
- 1,505reported
- Financial planning clients
- 0reported
- 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
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| J•••••• D•••• M••••••••• | Ocean City, Md | Mar 8, 2014 | 15 y | 1 |
| N••••••• C•••••• C•••• C••••• | Ocean City, Md | Nov 16, 2016 | 10 y | 0 |
| E••••• J•• L•••••• | Eldersburg, Md | Oct 28, 2024 | 29 y | 1 |
| W•••••• J•••• S••••••••• | Ocean City, Md | Jan 5, 2026 | 11 y | 0 |
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 headcount1 left over 36 months
Left, latest
- M•••••• D••• D•••••• to C••••• I••••••••• A••••••• L••Jun 4, 2025 · RIA to affiliated broker-dealer or bank
Joined, latest
- E••••• J•• L•••••• from A•••••••• R••••••••• G••••Oct 28, 2024 · RIA to RIA
- M•••••• D••• D•••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Jan 7, 2022 · Wirehouse to independent RIA
- J•••••• D•••• M••••••••• from A•••••••• R••••••••• G••••Mar 8, 2014 · RIA to RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- M••••••••• J••••••• D•••• · Chief Compliance Officer/Managing Membercontrolsince 12/2013 · owns 75% or more
Related persons
Schedule D 7.A
- E••••• L••••••real estatey
- E••••• L••••••real estatey
- E••••• L••••••real estatey
- E••••• S••••real estatey
- J•••••• D• M•••••••••real estatey
- N••• C•••••real estatey
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Ocean City, Md · principal | 4 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Eldersburg, MD2 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- unusually high clients per advisorStatic outlier · filing Jun 17, 2026private clients per advisor of 237.5 against a peer median of 57.3 (3076 comparable advisers, 98.0th percentile, 5.1 robust deviations)peers: independent wealth managers, $100M to $500M (3,076) · 98% percentile
What changed
consecutive filings, newest first
- Accounts · 1,304 to 1,505Feb 2, 2026 to Jun 17, 2026
- HNW clients · 20 to 26Feb 2, 2026 to Jun 17, 2026
- Individual clients · 576 to 924Feb 2, 2026 to Jun 17, 2026
- Discretionary RAUM · $204M to $230MFeb 2, 2026 to Jun 17, 2026
- HNW RAUM · $37.3M to $52.4MFeb 2, 2026 to Jun 17, 2026
- Individual RAUM · $166M to $177MFeb 2, 2026 to Jun 17, 2026
- RAUM · $204M to $230MFeb 2, 2026 to Jun 17, 2026
- Accounts · 1,672 to 1,304Jan 5, 2026 to Feb 2, 2026
- Charity clients · 1 to 2Jan 5, 2026 to Feb 2, 2026
- HNW clients · 13 to 20Jan 5, 2026 to Feb 2, 2026
- Individual clients · 531 to 576Jan 5, 2026 to Feb 2, 2026
- Discretionary RAUM · $167M to $204MJan 5, 2026 to Feb 2, 2026
- HNW RAUM · $23.0M to $37.3MJan 5, 2026 to Feb 2, 2026
- Individual RAUM · $144M to $166MJan 5, 2026 to Feb 2, 2026
- RAUM · $167M to $204MJan 5, 2026 to Feb 2, 2026
- Advisory employees · 3 to 4Jun 4, 2025 to Jan 5, 2026
- Employees · 5 to 6Jun 4, 2025 to Jan 5, 2026
- State-registered IARs · 3 to 4Jun 4, 2025 to Jan 5, 2026
- Advisory employees · 4 to 3Feb 12, 2025 to Jun 4, 2025
- Employees · 6 to 5Feb 12, 2025 to Jun 4, 2025
- Financial planning clients · 0 to 0Feb 12, 2025 to Jun 4, 2025
- State-registered IARs · 4 to 3Feb 12, 2025 to Jun 4, 2025
- Accounts · 897 to 1,672Sep 6, 2024 to Feb 12, 2025
- Corporate clients · 1.0 to unsetSep 6, 2024 to Feb 12, 2025
- HNW clients · 16 to 13Sep 6, 2024 to Feb 12, 2025
- Individual clients · 327 to 531Sep 6, 2024 to Feb 12, 2025
- Pension plan clients · 18.0 to unsetSep 6, 2024 to Feb 12, 2025
- Discretionary RAUM · $113M to $167MSep 6, 2024 to Feb 12, 2025
- HNW RAUM · $28.5M to $23.0MSep 6, 2024 to Feb 12, 2025
- Individual RAUM · $82.5M to $144MSep 6, 2024 to Feb 12, 2025
- Pension RAUM · 1900000.0 to unsetSep 6, 2024 to Feb 12, 2025
- RAUM · $113M to $167MSep 6, 2024 to Feb 12, 2025
- Assets in custody · 0.0 to unsetFeb 20, 2024 to Jun 4, 2024
- Custody of client assets · true to falseFeb 20, 2024 to Jun 4, 2024
Signals
2 dated events
- M•••••• D••• D•••••• left M••••••••• F•••••••• for C••••• I••••••••• A••••••• L•• (registered 2025-06-04)Jun 4, 2025 · Advisor changed firm · fact
- M••••••••• F•••••••• filed its initial SEC registration (Form ADV)Jan 16, 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 phone
- 302-450-1967reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 410-208-1004reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 888-343-5485reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/mfs-wealthreportedpublic record, Form ADV, Sep 18, 2026
- Website
- MFSWEALTH.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 410-208-1004reportedpublic record, Form ADV, Jun 17, 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
- $57.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026