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

Insight Folios

Independent wealth managerCharlotte, North CarolinaCRD 174411SEC 801-117138websiteIAPD
Legal name Insight Folios Inc
Latest filing Mar 19, 2026
First filing on the tape Jul 9, 2019 · 49 filings
SEC status approved since Aug 12, 2019
RAUM
$331M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$331M individuals and HNW
Advisors
19
registered through the firm on IAPD
RAUM per advisor
$17.4M
derived; firm RAUM over IAPD count
Employees
15
15 advisory (5.B.1)
Offices
11
beyond the principal office
Private funds
0
reported on Schedule D
History
49 filings and snapshots on the tape
RAUM$331M as of Mar 19, 2026
Feb 19, 2020$122M then
HNW client RAUM$117M as of Mar 19, 2026
Feb 19, 2020$34.6M then
State-registered IARs (5.B.3)15 as of Mar 19, 2026
Feb 19, 20209 then
Employees (5.A)15 as of Mar 19, 2026
Feb 19, 20209 then
Private funds: no history
RAUM +19% over the last fiscal year+8.6% a year over threeIARs 15 to 15
Practice profile
derived from the filing of Mar 19, 2026; every figure names its basis
Archetypes, each a printed rule
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
  • Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
RAUM per advisor
$17.4MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
65derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.6MderivedHNW RAUM over HNW clients
Average account
$149,018derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
0.8derivedItem 5.A over advisors
Advisors per office
1.6derived12 offices incl. principal (1.F.5)
RAUM growth, one year
+19%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+54%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
Financial planning clients
1,000reportedItem 5.H
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
  • Individuals$215M65%
  • High-net-worth individuals$117M35%
Individual clients
1,155reported
HNW clients
73reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
2,223reported
Financial planning clients
1,000reported
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=1.0derived
Advisors registered through the firm
18 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Charles Buddy BowersCharlotte, NcMar 27, 201515 y3
Paul Leonard DursoCharlotte, NcMar 27, 201524 y1
Kenneth L HuffmanCharlotte, Nc May 15, 201526 y2
Bruce RomagnoliChartered Financial ConsultantBedford, Nh Apr 21, 201728 y3
Ashok S RamjiKirkland, Wa Sep 27, 201928 y3
David Kyle MorganCharlotte, NcNov 19, 201910 y0
Sheila Rene MadrigalCharlotte, Nc Feb 12, 202034 y2
Niki Waters ErbCharlotte, NcJul 9, 202028 y0
Charles Halbert DingmanCharlotte, Nc Apr 3, 202317 y3
Leigh Burwell SmithChartered Financial ConsultantAthens, Ga Feb 28, 202411 y1
Kevin Marvin WrayCharlotte, Nc Jan 9, 202532 y2
Wade Callender MenziesCharlotte, NcApr 6, 202520 y1
Mark Hugh RutledgeChartered Financial ConsultantHelena, Al May 1, 202533 y4
Nelson Toney SebraCharlotte, Nc May 8, 202523 y1
Robert Renn RothrockCharlotte, Nc Jun 16, 202524 y2
Sterling Douglas AlexanderMatthews, Nc Jun 17, 202513 y0
Michael Allen FowlerCharlotte, NcJan 16, 202613 y0
Ryan McneillFort Gratiot, Mi Jul 10, 202613 y1
Advisor movement
3 left, 1 joined in 12 months
net -2 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 16% of current headcount4 left over 36 months
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Buddy Charles Bowers · Chief Compliance Officercontrol
      since 06/2016 · owns less than 5%
    • Leonard Paul Durso · Presidentcontrol
      since 12/2014 · owns 75% or more
    Related persons
    Schedule D 7.A
    • Durso Capital Management Co.
      real estaten
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Charlotte, Nc · principal1820
    Kailua Kona, Hi001
    Northville, Mi000
    Philadelphia, Pa001
    Chattanooga, Tn001
    Offices
    Schedule D 1.F, the 25 largest
    • Fort Worth, TX1 employees
    • Glendale, AZ1 employees
    • Kailua-Kona, HI1 employees
    • Pinconning, MI1 employees
    • Port Huron, MI1 employees
    • , 1 employees
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • client count surgeChange between filings · filing Mar 19, 2026
      individual and HNW clients (Item 5.D) moved from 798.0 to 1,228.0 (+54.0%) between the annual amendments of 2025-01-24 and 2026-03-19; the peer median change was +3.0% (3310 comparable advisers, 97.0th percentile of changes)
      peers: independent wealth managers, $100M to $500M (3,310) · 97% percentile
    What changed
    consecutive filings, newest first
    • Accounts · 2,163 to 2,223
      Sep 15, 2025 to Feb 23, 2026
    • HNW clients · 98 to 73
      Sep 15, 2025 to Feb 23, 2026
    • Financial planning clients · 251-500 to More than 500
      Sep 15, 2025 to Feb 23, 2026
    • Discretionary RAUM · $341M to $331M
      Sep 15, 2025 to Feb 23, 2026
    • HNW RAUM · $142M to $117M
      Sep 15, 2025 to Feb 23, 2026
    • Individual RAUM · $185M to $215M
      Sep 15, 2025 to Feb 23, 2026
    • Non-discretionary RAUM · $880,483 to $0
      Sep 15, 2025 to Feb 23, 2026
    • RAUM · $341M to $331M
      Sep 15, 2025 to Feb 23, 2026
    • Financial planning clients · 251-500 to 251-500
      May 1, 2025 to May 22, 2025
    • Accounts · 1,810 to 2,163
      Jan 24, 2025 to May 1, 2025
    • HNW clients · 71 to 98
      Jan 24, 2025 to May 1, 2025
    • Individual clients · 727 to 1,155
      Jan 24, 2025 to May 1, 2025
    • Discretionary RAUM · $278M to $341M
      Jan 24, 2025 to May 1, 2025
    • HNW RAUM · $102M to $142M
      Jan 24, 2025 to May 1, 2025
    • Individual RAUM · $163M to $185M
      Jan 24, 2025 to May 1, 2025
    • RAUM · $279M to $341M
      Jan 24, 2025 to May 1, 2025
    • Other offices · 10 to 11
      Aug 29, 2024 to Oct 30, 2024
    • Accounts · 1,490 to 1,810
      Jun 16, 2023 to Feb 12, 2024
    • HNW clients · 64 to 71
      Jun 16, 2023 to Feb 12, 2024
    • Individual clients · 605 to 727
      Jun 16, 2023 to Feb 12, 2024
    • Financial planning clients · 101-250 to 251-500
      Jun 16, 2023 to Feb 12, 2024
    • Discretionary RAUM · $258M to $278M
      Jun 16, 2023 to Feb 12, 2024
    • HNW RAUM · $89.9M to $102M
      Jun 16, 2023 to Feb 12, 2024
    • Individual RAUM · $140M to $163M
      Jun 16, 2023 to Feb 12, 2024
    • Non-discretionary RAUM · $1.0M to $880,483
      Jun 16, 2023 to Feb 12, 2024
    • RAUM · $259M to $279M
      Jun 16, 2023 to Feb 12, 2024
    • Advisory employees · 14 to 15
      Mar 23, 2023 to Apr 19, 2023
    • Employees · 14 to 15
      Mar 23, 2023 to Apr 19, 2023
    • State-registered IARs · 14 to 15
      Mar 23, 2023 to Apr 19, 2023
    • Other offices · 9 to 10
      Feb 21, 2023 to Mar 23, 2023
    • Accounts · 1,276 to 1,490
      Aug 10, 2022 to Feb 21, 2023
    • Advisory employees · 13 to 14
      Aug 10, 2022 to Feb 21, 2023
    • HNW clients · 70 to 64
      Aug 10, 2022 to Feb 21, 2023
    • Individual clients · 526 to 605
      Aug 10, 2022 to Feb 21, 2023
    • Employees · 13 to 14
      Aug 10, 2022 to Feb 21, 2023
    • State-registered IARs · 13 to 14
      Aug 10, 2022 to Feb 21, 2023
    • Discretionary RAUM · $242M to $258M
      Aug 10, 2022 to Feb 21, 2023
    • HNW RAUM · $93.7M to $89.9M
      Aug 10, 2022 to Feb 21, 2023
    • Individual RAUM · $118M to $140M
      Aug 10, 2022 to Feb 21, 2023
    • Non-discretionary RAUM · $943,116 to $1.0M
      Aug 10, 2022 to Feb 21, 2023
    Signals
    8 dated events
    • Zachary Bram Poitra left Insight Folios for Foundations Investment Advisors Llc (registered 2025-11-04)
      Oct 31, 2025 · Advisor changed firm · fact
    • Larry Gene Mccabe left Insight Folios for Foundations Investment Advisors Llc (registered 2025-11-06)
      Oct 31, 2025 · Advisor changed firm · fact
    • Sean Richard Sparkman left Insight Folios for Foundations Investment Advisors Llc (registered 2025-06-30)
      Jun 29, 2025 · Advisor changed firm · fact
    • Buddy Charles Bowers (Chief Compliance Officer) appeared on Schedule A of Insight Folios
      Jun 16, 2023 · Control person joined · fact
    • David Neil Gilday (Chief Compliance Officer) appeared on Schedule A of Insight Folios
      Jun 16, 2023 · Control person joined · fact
    • David Neil Gilday (Chief Compliance Officer) no longer on Schedule A of Insight Folios (listed 2023-06-16, absent 2023-06-16)
      Jun 16, 2023 · Control person left · inference
    • Jonathan Moser Spatz left Insight Folios for Brookstone Wealth Advisors, Llc (registered 2022-04-29)
      Jun 14, 2022 · Advisor changed firm · fact
    • Insight Folios filed its initial SEC registration (Form ADV)
      Jul 9, 2019 · 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
    704-529-9500reportedpublished by the firm, firm site, Sep 15, 2026
    Firm profile
    linkedin.com/company/insightfolios/aboutreportedpublic record, Form ADV, Sep 17, 2026
    Website
    DURSOCAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    (704) 529-9500reportedpublic record, Form ADV, Mar 19, 2026
    Contact form
    dursocapital.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
    Team page
    dursocapital.com/team/paul-dursoreportedpublished by the firm, firm site, Sep 15, 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
    $17.4Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026