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

D.B. Root & Company, LLC

Independent wealth managerPittsburgh, PennsylvaniaCRD 188512SEC 801-106632websiteIAPD
Latest filing Jun 25, 2026
First filing on the tape Sep 1, 2015 · 41 filings
SEC status approved since Sep 11, 2015
RAUM
$952M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
90%
$853M individuals and HNW
Advisors
15
registered through the firm on IAPD
RAUM per advisor
$63.5M
derived; firm RAUM over IAPD count
Employees
22
15 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
41 filings and snapshots on the tape
RAUM$952M as of Jun 25, 2026
Mar 7, 2016$294M then
HNW client RAUM$457M as of Jun 25, 2026
Mar 7, 2018$228M then
State-registered IARs (5.B.3)15 as of Jun 25, 2026
Mar 7, 20166 then
Employees (5.A)22 as of Jun 25, 2026
Mar 7, 201615 then
Private funds: no history
RAUM +15% over the last fiscal year+14% a year over threeIARs 12 to 15offices 0 to 1
Practice profile
derived from the filing of Jun 25, 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
RAUM per advisor
$63.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
50derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.8MderivedHNW RAUM over HNW clients
Average account
$358,842derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
4.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
7.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+15%derivedbetween the last two annual amendments
Advisor growth, one year
+25%derivedItem 5.B.3 between annual amendments
Client growth, one year
-0.5%derived
Compensation
percentage of assets, fixed fees, commissionsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, 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
  • High-net-worth individuals$457M48%
  • Individuals$396M42%
  • Corporations and businesses$57.8M6.1%
  • Pension and profit-sharing plans$33.9M3.6%
  • Charitable organizations$7.8M0.8%
  • State and municipal entities$185,7200.0%
Individual clients
648reported
HNW clients
95reported
Pension plan clients
22reported
Charitable clients
5reported
Accounts
2,654reported
Financial planning clients
11-25reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, commissionsreported
Class basis
private_client_share=0.9 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
15 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Steven Martin KohlerCertified Financial PlannerPittsburgh, PaOct 1, 201532 y2
Michael J AroestyCertified Financial PlannerBasalt, CoOct 1, 201515 y1
Charles Janssens StoutPittsburgh, PaOct 1, 201537 y2
David Bond RootCertified Financial PlannerPittsburgh, PaOct 5, 201541 y2
Jeremy Lee SuschakCertified Financial PlannerPittsburgh, PaFeb 3, 201618 y1
Adam M SouplyChartered Financial AnalystPittsburgh, PaSep 26, 201612 y1
Nancy Israel KunzCertified Financial Planner, Chartered Financial ConsultantPittsburgh, PaJan 5, 201844 y5
Richard Read ApplegateChartered Financial ConsultantPittsburgh, PaJan 10, 201843 y5
Taylor Kathryn GlockPittsburgh, PaDec 20, 202115 y0
Loraine Ziegler MontanyeCertified Financial PlannerPittsburgh, PaJun 3, 202212 y0
Alec F RootChartered Financial AnalystPittsburgh, Pa Jun 29, 202211 y0
Jesse B RootChartered Financial AnalystPittsburgh, PaFeb 23, 202410 y1
Curtis Westphal HartPittsburgh, PaMar 12, 202410 y4
Robert William HollerPerrysburg, Oh Apr 1, 202424 y1
Ryan Harrington GrovePittsburgh, PaMar 12, 202515 y6
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 headcount0 left over 36 months
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
  • J Michael Aroesty · Chief Investment Officercontrol
    since 05/2019 · owns less than 5%
  • Leeway Richard Chen · Chief Compliance Officercontrol
    since 09/2025 · owns less than 5%
  • Ann Heather Ostrowski · Chief Financial Officercontrol
    since 08/2015 · owns less than 5%
  • Bond David Root · Chief Executive Officer And Elected Managercontrol
    since 08/2015 · owns less than 5%
  • B Jesse Root · Chief Operating Officercontrol
    since 01/2024 · owns less than 5%
  • Lee Dana Zarnich · Chief Compliance Officercontrol
    since 03/2021 · owns less than 5%
  • Bond David Root · Shareholdercontrol
    since 07/2017 · owns 75% or more of D.B. Root Management, Inc.
Entity owners
  • D.B. Root Management, Inc. · Parent Holding Company
    direct · 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
OfficeAdvisorsJoinedLeftTeams outForming
Pittsburgh, Pa · principal1400
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Jun 25, 2026
    Chen, Richard, Leeway (CHIEF COMPLIANCE OFFICER) appeared on Schedule A between the filings of 2024-02-21 and 2026-06-25
    peers: independent wealth managers, $500M to $1B (1,483)
  • control person changedChange between filings · filing Jun 25, 2026
    ZARNICH, DANA, LEE (CHIEF COMPLIANCE OFFICER) left Schedule A between the filings of 2024-02-21 and 2026-06-25
    peers: independent wealth managers, $500M to $1B (1,483)
How anomalies are measured
What changed
consecutive filings, newest first
  • Other offices · 0 to 1
    Mar 12, 2026 to Jun 25, 2026
  • Accounts · 2,536 to 2,654
    Nov 5, 2025 to Mar 12, 2026
  • Advisory employees · 12 to 15
    Nov 5, 2025 to Mar 12, 2026
  • Charity clients · unset to 5.0
    Nov 5, 2025 to Mar 12, 2026
  • Corporate clients · 9 to 6
    Nov 5, 2025 to Mar 12, 2026
  • HNW clients · 78 to 95
    Nov 5, 2025 to Mar 12, 2026
  • Individual clients · 669 to 648
    Nov 5, 2025 to Mar 12, 2026
  • Pension plan clients · 12 to 22
    Nov 5, 2025 to Mar 12, 2026
  • Pooled vehicle clients · unset to 0.0
    Nov 5, 2025 to Mar 12, 2026
  • Employees · 20 to 22
    Nov 5, 2025 to Mar 12, 2026
  • Financial planning clients · 251-500 to 11-25
    Nov 5, 2025 to Mar 12, 2026
  • State-registered IARs · 12 to 15
    Nov 5, 2025 to Mar 12, 2026
  • Discretionary RAUM · $830M to $952M
    Nov 5, 2025 to Mar 12, 2026
  • HNW RAUM · $365M to $457M
    Nov 5, 2025 to Mar 12, 2026
  • Individual RAUM · $379M to $396M
    Nov 5, 2025 to Mar 12, 2026
  • Pension RAUM · $28.8M to $33.9M
    Nov 5, 2025 to Mar 12, 2026
  • Pooled vehicle RAUM · unset to 0.0
    Nov 5, 2025 to Mar 12, 2026
  • RAUM · $830M to $952M
    Nov 5, 2025 to Mar 12, 2026
  • Accounts · 2,441 to 2,536
    Oct 22, 2024 to Mar 12, 2025
  • BD registered reps · 1 to 0
    Oct 22, 2024 to Mar 12, 2025
  • HNW clients · 64 to 78
    Oct 22, 2024 to Mar 12, 2025
  • Individual clients · 651 to 669
    Oct 22, 2024 to Mar 12, 2025
  • Pension plan clients · 7 to 12
    Oct 22, 2024 to Mar 12, 2025
  • Employees · 19 to 20
    Oct 22, 2024 to Mar 12, 2025
  • Financial planning clients · 251-500 to 251-500
    Oct 22, 2024 to Mar 12, 2025
  • Discretionary RAUM · $714M to $830M
    Oct 22, 2024 to Mar 12, 2025
  • HNW RAUM · $274M to $365M
    Oct 22, 2024 to Mar 12, 2025
  • Individual RAUM · $378M to $379M
    Oct 22, 2024 to Mar 12, 2025
  • Pension RAUM · $3.9M to $28.8M
    Oct 22, 2024 to Mar 12, 2025
  • RAUM · $714M to $830M
    Oct 22, 2024 to Mar 12, 2025
  • Commission compensation · false to true
    Mar 1, 2024 to Apr 23, 2024
  • Accounts · 2,341 to 2,441
    Mar 10, 2023 to Feb 21, 2024
  • Advisory employees · 11 to 12
    Mar 10, 2023 to Feb 21, 2024
  • Individual clients · 855 to 651
    Mar 10, 2023 to Feb 21, 2024
  • Employees · 20 to 19
    Mar 10, 2023 to Feb 21, 2024
  • State-registered IARs · 11 to 12
    Mar 10, 2023 to Feb 21, 2024
  • Discretionary RAUM · $642M to $714M
    Mar 10, 2023 to Feb 21, 2024
  • HNW RAUM · $210M to $274M
    Mar 10, 2023 to Feb 21, 2024
  • Individual RAUM · $380M to $378M
    Mar 10, 2023 to Feb 21, 2024
  • Pension RAUM · $2.5M to $3.9M
    Mar 10, 2023 to Feb 21, 2024
Signals
8 dated events
  • B Jesse Root (Chief Operating Officer) appeared on Schedule A of D.B. Root & Company, Llc
    Feb 21, 2024 · Control person joined · fact
  • Lee Dana Zarnich (Chief Compliance Officer) appeared on Schedule A of D.B. Root & Company, Llc
    Mar 4, 2021 · Control person joined · fact
  • Lynn Jodi Landucci (Chief Compliance Officer) no longer on Schedule A of D.B. Root & Company, Llc (listed 2020-06-16, absent 2020-06-26)
    Jun 26, 2020 · Control person left · inference
  • J Michael Aroesty (Chief Operating Officer & Chief Investment Officer) appeared on Schedule A of D.B. Root & Company, Llc
    Mar 19, 2020 · Control person joined · fact
  • Lynn Jodi Landucci (Chief Compliance Officer) appeared on Schedule A of D.B. Root & Company, Llc
    Jul 25, 2019 · Control person joined · fact
  • D.B. Root & Company, Llc reported RAUM $644.3M, up 58% from $406.7M (2018-11-05 to 2019-02-22)
    Feb 22, 2019 · RAUM change · derived
  • Db Root & Company, Inc. reported succeeding to the business of Another Adviser (Form ADV Item 4)
    Jul 25, 2017 · Succession (Item 4) · fact
  • Bardougne Wealth Management, Llc filed its initial SEC registration (Form ADV)
    Sep 1, 2015 · 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
412-227-2800reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/d-b-root-companyreportedpublic record, Form ADV, Sep 17, 2026
Website
DBROOT.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
412-227-2800reportedpublic record, Form ADV, Jun 25, 2026
Contact form
DBROOT.COM/contactreportedpublished by the firm, firm site, Sep 15, 2026
Team page
DBROOT.COM/teamreportedpublished 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
$63.5Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026