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
Councilor Wealth LLC
Latest filing Jun 1, 2026
First filing on the tape Mar 7, 2017 · 34 filings
SEC status approved since Mar 15, 2017
RAUM
$317M
reported, Item 5.F
Discretionary
94%
of RAUM
Private clients
95%
$301M individuals and HNW
Advisors
10
registered through the firm on IAPD
RAUM per advisor
$31.7M
derived; firm RAUM over IAPD count
Employees
13
11 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
0
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$317M as of Jun 1, 2026
Mar 9, 2018$156M then
HNW client RAUM$269M as of Jun 1, 2026
Mar 9, 2018$127M then
State-registered IARs (5.B.3)11 as of Jun 1, 2026
Mar 9, 20185 then
Employees (5.A)13 as of Jun 1, 2026
Mar 9, 20186 then
Private funds: no history
RAUM +5.4% over the last fiscal year+2.1% a year over threeIARs 8 to 11offices 2 to 5
Practice profile
derived from the filing of Jun 1, 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
- RAUM per advisor
- $31.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 19derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.8MderivedHNW RAUM over HNW clients
- Average account
- $802,393derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 94%derivedof RAUM
- Institutional
- 4.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 1.7derived6 offices incl. principal (1.F.5)
- RAUM growth, one year
- +5.4%derivedbetween the last two annual amendments
- Advisor growth, one year
- +38%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +4.9%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, publications, 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$269M85%
- Individuals$32.4M10%
- Charitable organizations$13.0M4.1%
- Pension and profit-sharing plans$2.6M0.8%
- Individual clients
- 96reported
- HNW clients
- 95reported
- Pension plan clients
- 5reported
- Charitable clients
- 1reported
- Accounts
- 395reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.95 fund_share=0.0 institutional_share=0.05 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
10 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Judith Parmelee BarnhardCertified Financial Planner | Bethesda, Md | Jun 13, 2014 | 34 y | 1 |
| Jane Ochsman RownyCertified Financial Planner | Oct 8, 2014 | 18 y | 1 | |
| Debora Ellen MayCertified Financial Planner | Bethesda, Md | May 12, 2015 | 37 y | 1 |
| Gregory Michael EstesChartered Financial Analyst | Bethesda, Md | Nov 20, 2023 | 26 y | 1 |
| Stephanie Lynn AndersonCertified Financial Planner, Chartered Financial Analyst | Bethesda, Md | Jan 16, 2024 | 16 y | 2 |
| Abbie Niehoff FrishmanCertified Financial Planner | Bethesda, Md | Apr 3, 2024 | 10 y | 1 |
| Reema Ambrish PatelCertified Financial Planner | Bloomfield, Nj | Jun 6, 2024 | 11 y | 0 |
| Drew Michael CulverCertified Financial Planner | Bristow, Va | Jul 30, 2025 | 13 y | 3 |
| Steven SchleupnerChartered Financial Consultant | Bethesda, Md | Sep 1, 2025 | 23 y | 6 |
| Charles Victor KimmelCertified Financial Planner | Bethesda, Md | Jan 28, 2026 | 18 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
- Aleksandr S Seleznev to May & Barnhard, PcSep 12, 2023 · Other
- Wendy Marie Moyers to Chevy Chase Trust CompanyApr 13, 2021 · RIA to RIA
Joined, latest
- Charles Victor Kimmel from Spc Financial IncJan 28, 2026 · RIA to RIA
- Steven Schleupner from You Tree, LLCSep 1, 2025 · Other
- Drew Michael Culver from Kestra Advisory Services, LLCJul 30, 2025 · Affiliated broker-dealer or bank to independent RIA
- Abbie Niehoff Frishman from Councilor, Buchanan & Mitchell, P. C. (Cbm)Apr 3, 2024 · Other
- Stephanie Lynn Anderson from MarinerJan 16, 2024 · Affiliated broker-dealer or bank to independent RIA
- Gregory Michael Estes from Augustine Asset Management IncNov 20, 2023 · RIA to RIA
- Wendy Marie Moyers from Linden Oak Wealth Partners LLCSep 12, 2017 · Other
- Debora Ellen May from May & Barnhard, PcMay 12, 2015 · Other
- Jane Ochsman Rowny from May & Barnhard, PcOct 8, 2014 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from May & Barnhard, PcDec 14, 2018 · Bethesda, Md
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Parmelee Judith Barnhard · Chief Compliance Officercontrolsince 11/2013 · owns less than 5%
Entity owners
- Councilor, Buchanan & Mitchell · Managing Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- Councilor, Buchanan & Mitchell, P. C. (Cbm)investment adviserinsurancey
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Bethesda, Md · principal | 9 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
What changed
consecutive filings, newest first
- Business name · MBI LLC to COUNCILOR WEALTH LLCJan 28, 2026 to Jun 1, 2026
- Legal name · MAY BARNHARD INVESTMENTS LLC to COUNCILOR WEALTH LLCJan 28, 2026 to Jun 1, 2026
- Accounts · 373 to 395Aug 21, 2025 to Jan 28, 2026
- Advisory employees · 9 to 11Aug 21, 2025 to Jan 28, 2026
- HNW clients · 87 to 95Aug 21, 2025 to Jan 28, 2026
- Individual clients · 95 to 96Aug 21, 2025 to Jan 28, 2026
- Pension plan clients · 9 to 5Aug 21, 2025 to Jan 28, 2026
- Employees · 11 to 13Aug 21, 2025 to Jan 28, 2026
- State-registered IARs · 9 to 11Aug 21, 2025 to Jan 28, 2026
- Discretionary RAUM · $284M to $298MAug 21, 2025 to Jan 28, 2026
- HNW RAUM · $252M to $269MAug 21, 2025 to Jan 28, 2026
- Individual RAUM · $24.1M to $32.4MAug 21, 2025 to Jan 28, 2026
- Non-discretionary RAUM · $17.1M to $19.1MAug 21, 2025 to Jan 28, 2026
- Pension RAUM · $13.3M to $2.6MAug 21, 2025 to Jan 28, 2026
- RAUM · $301M to $317MAug 21, 2025 to Jan 28, 2026
- Advisory employees · 8 to 9Mar 31, 2025 to Aug 21, 2025
- State-registered IARs · 8 to 9Mar 31, 2025 to Aug 21, 2025
- Other offices · 2 to 5Mar 31, 2025 to Aug 21, 2025
- Accounts · 429 to 373Jun 28, 2024 to Mar 31, 2025
- HNW clients · 84 to 87Jun 28, 2024 to Mar 31, 2025
- Individual clients · 146 to 95Jun 28, 2024 to Mar 31, 2025
- Pension plan clients · 0 to 9Jun 28, 2024 to Mar 31, 2025
- Employees · 8 to 11Jun 28, 2024 to Mar 31, 2025
- Insurance-licensed employees · 3 to 0Jun 28, 2024 to Mar 31, 2025
- Financial planning clients · 101-250 to 101-250Jun 28, 2024 to Mar 31, 2025
- Other offices · 1 to 2Jun 28, 2024 to Mar 31, 2025
- Discretionary RAUM · $278M to $284MJun 28, 2024 to Mar 31, 2025
- HNW RAUM · $238M to $252MJun 28, 2024 to Mar 31, 2025
- Individual RAUM · $48.8M to $24.1MJun 28, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $18.1M to $17.1MJun 28, 2024 to Mar 31, 2025
- Pension RAUM · $0 to $13.3MJun 28, 2024 to Mar 31, 2025
- RAUM · $296M to $301MJun 28, 2024 to Mar 31, 2025
- Related adviser · true to falseJun 28, 2024 to Mar 31, 2025
- Advisory employees · 7 to 8Apr 12, 2024 to Jun 6, 2024
- Employees · 7 to 8Apr 12, 2024 to Jun 6, 2024
- State-registered IARs · 7 to 8Apr 12, 2024 to Jun 6, 2024
- Advisory employees · 6 to 7Mar 25, 2024 to Apr 12, 2024
- Employees · 6 to 7Mar 25, 2024 to Apr 12, 2024
- State-registered IARs · 6 to 7Mar 25, 2024 to Apr 12, 2024
- Accounts · 159 to 429Jan 19, 2024 to Mar 20, 2024
Signals
3 dated events
- Aleksandr S Seleznev left Councilor Wealth Llc for May & Barnhard, Pc (registered 2015-04-07)Sep 12, 2023 · Advisor changed firm · fact
- Ellen Debora May (Chief Investment Officer) no longer on Schedule A of Councilor Wealth Llc (listed 2022-12-22, absent 2023-03-17)Mar 17, 2023 · Control person left · inference
- Mbi Llc filed its initial SEC registration (Form ADV)Mar 7, 2017 · 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
- 301-986-0600reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/may-barnhard-investmentsreportedpublic record, Form ADV, Sep 17, 2026
- Website
- COUNCILOR.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (301) 986-0600reportedpublic record, Form ADV, Jun 1, 2026
- Contact form
- councilor.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- councilor.com/teamreportedpublished 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
- $31.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026