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
Greybox Investments
Legal name Dmc Group, LLC
Latest filing Mar 31, 2026
First filing on the tape Apr 3, 2020 · 10 filings
SEC status approved since May 4, 2020
RAUM
$177M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
79%
$139M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$58.9M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$177M as of Mar 31, 2026
Mar 16, 2021$122M then
HNW client RAUM$123M as of Mar 31, 2026
Mar 16, 2021$49.1M then
State-registered IARs (5.B.3)3 as of Mar 31, 2026
Mar 16, 20214 then
Employees (5.A)3 as of Mar 31, 2026
Mar 16, 20214 then
Private funds: no history
RAUM -5.0% over the last fiscal year+7.8% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 31, 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
- $58.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 35derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.9MderivedHNW RAUM over HNW clients
- Average account
- $833,475derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 15%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
- -5.0%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +18%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$123M70%
- Charitable organizations$26.0M15%
- Individuals$16.0M9.1%
- Corporations and businesses$11.4M6.4%
- Individual clients
- 72reported
- HNW clients
- 32reported
- Pension plan clients
- 0reported
- Charitable clients
- 3reported
- Accounts
- 212reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.79 fund_share=0.0 institutional_share=0.15 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 |
|---|---|---|---|---|
| Donie Martin Carlson | Birmingham, Al | May 27, 2015 | 33 y | 0 |
| Kenneth James CarlsonChartered Financial Analyst | Birmingham, Al | Jul 1, 2015 | 38 y | 0 |
| Len Phillip RittbergChartered Financial Analyst | Ft. Lauderdale, Fl | Sep 7, 2023 | 20 y | 0 |
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
- Roy R Rumbley to Ballast Wealth LLCMay 14, 2026 · RIA to a state-registered adviser
- Ryan M Weiss to Ballast Wealth LLCMar 18, 2022 · RIA to a state-registered adviser
- Wil Patrick Dedmon to Doucet Asset Management, LLCJun 8, 2017 · Other
Joined, latest
- Roy R Rumbley from Stonex Advisors Inc.Aug 11, 2016 · Other
- Ryan M Weiss from Northwestern Mutual Investment Services,LLCSep 7, 2015 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Martin Donie Carlson · Managing Member / Chief Compliance Officercontrolsince 11/2014 · owns 75% or more
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 |
|---|---|---|---|---|---|
| Birmingham, Al · principal | 3 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
5 against comparable advisers; where to look, not conclusions
- institutional to wealth shiftCombination · filing Mar 31, 2026institutional share fell 15 points or more while private-client share rose 15 points or more. RAUM $186,018,371 to $176,696,639, advisors 3 to 3, private clients 88 to 104, offices 0 to 0 (2025-03-26 to 2026-03-31)peers: independent wealth managers, $100M to $500M (5,676)
- HNW share shiftChange between filings · filing Mar 31, 2026HNW share of RAUM moved from 52.0% to 70.0% between the annual amendments of 2025-03-26 and 2026-03-31peers: independent wealth managers, $100M to $500M (5,676)
- client mix shiftChange between filings · filing Mar 31, 2026private-client share of RAUM moved from 58.0% to 79.0% between the annual amendments of 2025-03-26 and 2026-03-31peers: independent wealth managers, $100M to $500M (5,676)
- discretionary share shiftChange between filings · filing Mar 31, 2026discretionary share of RAUM moved from 75.0% to 100.0% between the annual amendments of 2025-03-26 and 2026-03-31peers: independent wealth managers, $100M to $500M (5,676)
- institutional asset share shiftChange between filings · filing Mar 31, 2026institutional share of RAUM moved from 42.0% to 21.0% between the annual amendments of 2025-03-26 and 2026-03-31peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 187 to 212Mar 26, 2025 to Mar 31, 2026
- Charity clients · 4 to 3Mar 26, 2025 to Mar 31, 2026
- Corporate clients · 2 to 1Mar 26, 2025 to Mar 31, 2026
- HNW clients · 30 to 32Mar 26, 2025 to Mar 31, 2026
- Individual clients · 58 to 72Mar 26, 2025 to Mar 31, 2026
- Pension plan clients · 1 to 0Mar 26, 2025 to Mar 31, 2026
- Discretionary RAUM · $140M to $177MMar 26, 2025 to Mar 31, 2026
- HNW RAUM · $96.9M to $123MMar 26, 2025 to Mar 31, 2026
- Individual RAUM · $10.8M to $16.0MMar 26, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $45.8M to $0Mar 26, 2025 to Mar 31, 2026
- Pension RAUM · $566,465 to $0Mar 26, 2025 to Mar 31, 2026
- RAUM · $186M to $177MMar 26, 2025 to Mar 31, 2026
- Accounts · 158 to 187Oct 2, 2024 to Mar 26, 2025
- Corporate clients · 1 to 2Oct 2, 2024 to Mar 26, 2025
- HNW clients · 24 to 30Oct 2, 2024 to Mar 26, 2025
- Individual clients · 65 to 58Oct 2, 2024 to Mar 26, 2025
- Financial planning clients · unset to Oct 2, 2024 to Mar 26, 2025
- Discretionary RAUM · $122M to $140MOct 2, 2024 to Mar 26, 2025
- HNW RAUM · $77.0M to $96.9MOct 2, 2024 to Mar 26, 2025
- Individual RAUM · $14.5M to $10.8MOct 2, 2024 to Mar 26, 2025
- Non-discretionary RAUM · $42.6M to $45.8MOct 2, 2024 to Mar 26, 2025
- Pension RAUM · $512,569 to $566,465Oct 2, 2024 to Mar 26, 2025
- RAUM · $165M to $186MOct 2, 2024 to Mar 26, 2025
- Accounts · 154 to 158Mar 10, 2023 to Mar 12, 2024
- Charity clients · 5 to 4Mar 10, 2023 to Mar 12, 2024
- HNW clients · 23 to 24Mar 10, 2023 to Mar 12, 2024
- Individual clients · 57 to 65Mar 10, 2023 to Mar 12, 2024
- Discretionary RAUM · $108M to $122MMar 10, 2023 to Mar 12, 2024
- HNW RAUM · $68.8M to $77.0MMar 10, 2023 to Mar 12, 2024
- Individual RAUM · $12.1M to $14.5MMar 10, 2023 to Mar 12, 2024
- Non-discretionary RAUM · $32.9M to $42.6MMar 10, 2023 to Mar 12, 2024
- Pension RAUM · $428,012 to $512,569Mar 10, 2023 to Mar 12, 2024
- RAUM · $141M to $165MMar 10, 2023 to Mar 12, 2024
- Accounts · 223 to 154Mar 23, 2022 to Mar 10, 2023
- Advisory employees · 4 to 3Mar 23, 2022 to Mar 10, 2023
- Charity clients · unset to 5.0Mar 23, 2022 to Mar 10, 2023
- Corporate clients · unset to 1.0Mar 23, 2022 to Mar 10, 2023
- HNW clients · 22 to 23Mar 23, 2022 to Mar 10, 2023
- Individual clients · 84 to 57Mar 23, 2022 to Mar 10, 2023
- Pension plan clients · unset to 1.0Mar 23, 2022 to Mar 10, 2023
Signals
3 dated events
- Roy R Rumbley left Greybox Investments for Ballast Wealth Llc (registered 2026-05-14)May 14, 2026 · Advisor changed firm · fact
- Ryan M Weiss left Greybox Investments for Ballast Wealth Llc (registered 2022-03-24)Mar 18, 2022 · Advisor changed firm · fact
- Greybox Investments filed its initial SEC registration (Form ADV)Apr 3, 2020 · 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
- 205-703-0900reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- GREYBOXINVESTMENTS.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 205-703-0900reportedpublic record, Form ADV, Mar 31, 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
- $58.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026