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.

Former SEC-registered adviser

Fairhaven Wealth Management, LLC

Former SEC-registered adviserWheaton, IllinoisCRD 173771SEC 801-80596websiteIAPD
Latest filing Feb 27, 2025
First filing on the tape Nov 7, 2014 · 42 filings
SEC status approved since Dec 17, 2014
RAUM
$783M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$766M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
19
11 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
42 filings and snapshots on the tape
RAUM$783M as of Feb 27, 2025
Mar 31, 2015$0 then
HNW client RAUM$666M as of Feb 27, 2025
Mar 14, 2018$255M then
State-registered IARs (5.B.3)10 as of Feb 27, 2025
Mar 31, 20150 then
Employees (5.A)19 as of Feb 27, 2025
Mar 31, 20151 then
Private funds: no history
RAUM +12% over the last fiscal year+2.9% a year over threeIARs 10 to 10
Practice profile
derived from the filing of Feb 27, 2025; every figure names its basis
RAUM per advisor
$78.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
55derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.8MderivedHNW RAUM over HNW clients
Average account
$496,950derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.9derivedItem 5.A over advisors
Advisors per office
10.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+12%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-0.7%derived
Compensation
percentage of assets, fixed fees, commissionsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisers, publicationsreportedItem 5.G
Custody
$82.2M, 55 clientsreportedItem 9.A
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
  • is an insurance broker or agent (6.A.6)
  • 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$666M85%
  • Individuals$100M13%
  • Pension and profit-sharing plans$8.7M1.1%
  • Charitable organizations$4.3M0.6%
  • Corporations and businesses$4.0M0.5%
Individual clients
305reported
HNW clients
242reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1,576reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$82.2M for 55 clientsreported
Compensation
% of AUM, fixed, commissionsreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
2 left, 0 joined in 12 months
net -2 in 12 months0 left in 90 days0 joined in 90 days8 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • D Marc Horner · Managing Membercontrol
      since 01/2015 · owns 75% or more
    • Joseph Gery Sadzewicz · Cco
      since 10/2014 · 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
    OfficeAdvisorsJoinedLeftTeams outForming
    Wheaton, Il · principal0021
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 1,596 to 1,576
      Mar 15, 2024 to Feb 27, 2025
    • HNW clients · 241 to 242
      Mar 15, 2024 to Feb 27, 2025
    • Individual clients · 310 to 305
      Mar 15, 2024 to Feb 27, 2025
    • Pension plan clients · 6.0 to unset
      Mar 15, 2024 to Feb 27, 2025
    • Assets in custody · $91.5M to $82.2M
      Mar 15, 2024 to Feb 27, 2025
    • Financial planning clients · 101-250 to 101-250
      Mar 15, 2024 to Feb 27, 2025
    • Discretionary RAUM · $700M to $783M
      Mar 15, 2024 to Feb 27, 2025
    • HNW RAUM · $596M to $666M
      Mar 15, 2024 to Feb 27, 2025
    • Individual RAUM · $86.0M to $100M
      Mar 15, 2024 to Feb 27, 2025
    • Pension RAUM · $13.1M to $8.7M
      Mar 15, 2024 to Feb 27, 2025
    • RAUM · $700M to $783M
      Mar 15, 2024 to Feb 27, 2025
    • Accounts · 1,465 to 1,596
      Aug 16, 2023 to Mar 15, 2024
    • Advisory employees · 10 to 11
      Aug 16, 2023 to Mar 15, 2024
    • HNW clients · 226 to 241
      Aug 16, 2023 to Mar 15, 2024
    • Individual clients · 270 to 310
      Aug 16, 2023 to Mar 15, 2024
    • Pension plan clients · unset to 6.0
      Aug 16, 2023 to Mar 15, 2024
    • Assets in custody · $96.3M to $91.5M
      Aug 16, 2023 to Mar 15, 2024
    • Employees · 18 to 19
      Aug 16, 2023 to Mar 15, 2024
    • State-registered IARs · 9 to 10
      Aug 16, 2023 to Mar 15, 2024
    • Discretionary RAUM · $601M to $700M
      Aug 16, 2023 to Mar 15, 2024
    • HNW RAUM · $529M to $596M
      Aug 16, 2023 to Mar 15, 2024
    • Individual RAUM · $66.9M to $86.0M
      Aug 16, 2023 to Mar 15, 2024
    • Non-discretionary RAUM · $5.9M to $0
      Aug 16, 2023 to Mar 15, 2024
    • Pension RAUM · $7.0M to $13.1M
      Aug 16, 2023 to Mar 15, 2024
    • RAUM · $607M to $700M
      Aug 16, 2023 to Mar 15, 2024
    • Accounts · 1,324 to 1,465
      Nov 4, 2022 to Mar 2, 2023
    • Advisory employees · 9 to 10
      Nov 4, 2022 to Mar 2, 2023
    • HNW clients · 217 to 226
      Nov 4, 2022 to Mar 2, 2023
    • Individual clients · 240 to 270
      Nov 4, 2022 to Mar 2, 2023
    • Assets in custody · $83.7M to $96.3M
      Nov 4, 2022 to Mar 2, 2023
    • Discretionary RAUM · $712M to $601M
      Nov 4, 2022 to Mar 2, 2023
    • HNW RAUM · $632M to $529M
      Nov 4, 2022 to Mar 2, 2023
    • Individual RAUM · $73.7M to $66.9M
      Nov 4, 2022 to Mar 2, 2023
    • Non-discretionary RAUM · $7.0M to $5.9M
      Nov 4, 2022 to Mar 2, 2023
    • Pension RAUM · $8.1M to $7.0M
      Nov 4, 2022 to Mar 2, 2023
    • RAUM · $719M to $607M
      Nov 4, 2022 to Mar 2, 2023
    • Accounts · 1,338 to 1,324
      Nov 22, 2021 to Mar 23, 2022
    • HNW clients · 210 to 217
      Nov 22, 2021 to Mar 23, 2022
    • Individual clients · 255 to 240
      Nov 22, 2021 to Mar 23, 2022
    • Pension plan clients · 8.0 to unset
      Nov 22, 2021 to Mar 23, 2022
    Signals
    14 dated events
    • Fairhaven Wealth Management, Llc no longer on the SEC adviser roster (last listed 2025-09-02, RAUM $783.2M)
      Dec 20, 2025 · Left the SEC roster · derived
    • Trent Edward Warren left Fairhaven Wealth Management, Llc for Pure Financial Advisors, Llc (registered 2025-04-17)
      Oct 31, 2025 · Advisor changed firm · fact
    • Marc David Horner left Fairhaven Wealth Management, Llc for Pure Financial Advisors, Llc (registered 2025-04-17)
      Oct 31, 2025 · Advisor changed firm · fact
    • 2 advisors left Fairhaven Wealth Management, LLC (Wheaton, IL) for Pure Financial Advisors, LLC on the same day
      Oct 31, 2025 · Team lift-out · derived
    • Phillip Brian Smolinski left Fairhaven Wealth Management, Llc for Pure Financial Advisors, Llc (registered 2025-04-14)
      Jul 7, 2025 · Advisor changed firm · fact
    • Matthew J Frederick left Fairhaven Wealth Management, Llc for Pure Financial Advisors, Llc (registered 2025-04-14)
      Jul 7, 2025 · Advisor changed firm · fact
    • Kurt D. Anderson left Fairhaven Wealth Management, Llc for Pure Financial Advisors, Llc (registered 2025-04-17)
      Jul 7, 2025 · Advisor changed firm · fact
    • Gerald William King left Fairhaven Wealth Management, Llc for Pure Financial Advisors, Llc (registered 2025-04-17)
      Jul 7, 2025 · Advisor changed firm · fact
    • Jennifer Allison Taylor left Fairhaven Wealth Management, Llc for Pure Financial Advisors, Llc (registered 2025-04-16)
      Jul 7, 2025 · Advisor changed firm · fact
    • Fairhaven Wealth Management, LLC's advisors moved to Pure Financial Advisors, LLC (Wheaton, IL): 5 of 7 registered, on the same day
      Jul 7, 2025 · Firm absorbed (people side) · derived
    • Paul David Mardoian left Fairhaven Wealth Management, Llc for Bayworth Capital (registered 2025-03-21)
      Mar 28, 2025 · Advisor changed firm · fact
    • Fairhaven Wealth Management, Llc reported RAUM $724.6M, up 63% from $445.7M (2020-12-24 to 2021-03-22)
      Mar 22, 2021 · RAUM change · derived
    • Fairhaven Wealth Management, Llc reported RAUM $445.7M, up 41% from $315.1M (2019-06-18 to 2020-03-20)
      Mar 20, 2020 · RAUM change · derived
    • Fairhaven Wealth Management, Llc filed its initial SEC registration (Form ADV)
      Nov 7, 2014 · 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.
    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
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026