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

Bdo Wealth Advisors, LLC

Former SEC-registered adviserJacksonville, FloridaCRD 222525SEC 801-108306IAPD

Latest filing Jul 31, 2023

First filing on the tape Aug 18, 2016 · 30 filings

RAUM

$3.0B

reported, Item 5.F

Discretionary

73%

of RAUM

Private clients

79%

$2.4B individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

n/a

derived; firm RAUM over IAPD count

Employees

27 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

30 filings and snapshots on the tape

RAUM$3.0B as of Jul 31, 2023

Sep 30, 2016$345M then

HNW client RAUM$2.3B as of Jul 31, 2023

Sep 28, 2018$594M then

State-registered IARs (5.B.3)27 as of Jul 31, 2023

Sep 30, 20168 then

Employees (5.A)43 as of Jul 31, 2023

Sep 30, 20169 then

Private funds: no history

RAUM +7.4% over the last fiscal year+26% a year over threeIARs 26 to 27offices 7 to 6

Practice profile

derived from the filing of Jul 31, 2023; every figure names its basis

RAUM per advisor: $112MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 54derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $3.3MderivedHNW RAUM over HNW clients
Average account: $730,015derivedRAUM over accounts (5.F.2.f)
Discretionary: 73%derivedof RAUM
Institutional: 1.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.6derivedItem 5.A over advisors
Advisors per office: 3.9derived7 offices incl. principal (1.F.5)
RAUM growth, one year: +7.4%derivedbetween the last two annual amendments
Advisor growth, one year: +3.8%derivedItem 5.B.3 between annual amendments
Client growth, one year: +12%derived
Compensation: percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, otherreportedItem 5.G
Custody: $1.6B, 1,491 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

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)
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$2.3B75%
Corporations and businesses$602M20%
Individuals$120M4.0%
Charitable organizations$30.1M1.0%

Individual clients: 773reported
HNW clients: 678reported
Pension plan clients: n/areported
Charitable clients: 10reported
Accounts: 4,125reported
Financial planning clients: 0reported
Wrap fee programs: noreported
Custody of client assets: $1.6B for 1,491 clientsreported
Compensation: % of AUM, fixed, hourlyreported
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

Left, latest

Eli Nathan Lerner to Choreo, LLC
Nov 2, 2023 · RIA to RIA
Barbara Jean Devine to Choreo, LLC
Nov 2, 2023 · RIA to RIA
Dorothy Evelyn Bossung to Choreo, LLC
Nov 2, 2023 · RIA to RIA
Peter Paul Jenkins to Choreo, LLC
Nov 2, 2023 · RIA to RIA
Matthew Ari Gotlin to Choreo, LLC
Nov 2, 2023 · RIA to RIA
Anne Marie Phelps to Choreo, LLC
Nov 2, 2023 · RIA to RIA
April Louise Hayden to Choreo, LLC
Nov 2, 2023 · RIA to RIA
Zachary Thomas Pearsall to Choreo, LLC
Nov 2, 2023 · RIA to RIA
Ewa Stella Drabek to Choreo, LLC
Nov 2, 2023 · RIA to RIA
William George Lowery to Choreo, LLC
Nov 2, 2023 · RIA to RIA
Trevor Joe Emery to Choreo, LLC
Nov 2, 2023 · RIA to RIA
Micah John Lang to Choreo, LLC
Nov 2, 2023 · RIA to RIA
Mark David Biegel to Choreo, LLC
Nov 2, 2023 · RIA to RIA
James Boyd Waller to Choreo, LLC
Nov 2, 2023 · RIA to RIA
Michael Joseph Lynch to Choreo, LLC
Nov 2, 2023 · RIA to RIA

Joined, latest

Tracey Elizabeth Richardson from Northwestern Mutual Investment Services,LLC
May 22, 2023 · Other
Dorothy Evelyn Bossung from Interocean Wealth Management LLC
Sep 7, 2022 · Other
Eli Nathan Lerner from Merrill Lynch, Pierce, Fenner & Smith Incorporated
Jan 13, 2022 · Wirehouse to independent RIA
William George Lowery from Lowery Asset Consulting, LLC
Jan 13, 2022 · RIA to RIA
David Roman Juzwiak from Lowery Asset Consulting, LLC
Jan 13, 2022 · RIA to RIA
Michael Joseph Lynch from Ot: Optimized Transitions, Independent Investment Counsel, LLC
Apr 2, 2021 · Other
Barbara Jean Devine from Cosyntris Advisory Network, LLC
Mar 19, 2021 · RIA to RIA
Trevor Joe Emery from Cosyntris Advisory Network, LLC
Mar 19, 2021 · RIA to RIA
Micah John Lang from Cosyntris Advisory Network, LLC
Mar 19, 2021 · RIA to RIA
Peter Paul Jenkins from Biegel Waller Investment Advisory Services
Feb 6, 2020 · RIA to RIA
Matthew Ari Gotlin from Biegel Waller Investment Advisory Services
Feb 6, 2020 · RIA to RIA
James Boyd Waller from Biegel Waller Investment Advisory Services
Feb 6, 2020 · RIA to RIA
Mark David Biegel from Biegel Waller Investment Advisory Services
Feb 5, 2020 · RIA to RIA
Eric Jonathan Linser from Namcoa
Apr 18, 2019 · RIA to RIA
Tyson James Giger from Stifel, Nicolaus & Company, Incorporated
Jan 25, 2018 · Other

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

3 left for Choreo, LLC
Nov 2, 2023 · Fort Lauderdale, Fl
3 left for Choreo, LLC
Nov 2, 2023 · Chicago, Il
9 left for Choreo, LLC
Nov 2, 2023 · Columbia, Md
2 left for Choreo, LLC
Nov 2, 2023 · St Louis, Mo
3 left for Atlantic Edge Private Wealth Management
Sep 25, 2023 · Jacksonville, Fl

2 joined from Lowery Asset Consulting, LLC
Oct 22, 2021 · Chcago, Il
3 joined from Cosyntris Advisory Network, LLC
Feb 5, 2021 · Denver, Co · Firm absorbed
4 joined from Biegel Waller Investment Advisory Services
Jan 24, 2020 · Columbia, Md · Firm absorbed
4 joined from Lba Wealth Management, LLC
May 19, 2017 · Jacksonville, Fl · Firm absorbed
2 joined from Gsk Wealth Advisors, Inc.
Oct 4, 2016 · Fort Lauderdale, Fl
3 joined from Stone Carlie Wealth Advisors, LLC
Aug 4, 2015 · St Louis, Mo · Firm absorbed

Teams out Teams in

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

David Mark Biegel · Presidentcontrol
since 05/2022 · owns less than 5%
G Lynn Calhoun · Vice President And Treasurercontrol
since 04/2015 · owns less than 5%
Anne Judith Grimmer · Secretarycontrol
since 09/2018 · owns less than 5%
Paul Matthew Murray · Chief Compliance Officercontrol
since 06/2022 · owns less than 5%
Ryuichi Okamura · Chief Operating Officercontrol
since 06/2022 · owns less than 5%

Entity owners

Bdo Wa Holdco, LLC · Managing Member
direct · owns 75% or more
Bdo USA, P.A. · Managing Member
indirect · owns 75% or more of Bdo Wa Holdco, LLC

Related persons

Schedule D 7.A

Bdo Capital Advisors, LLC
broker-dealern
Bdo USA, P.A.
insurancey
Green Wagon, LLC
investment companyn
Spackler Insurance Company, Inc.
real estaten

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
Chicago, Il	0	0	0
Columbia, Md	0	0	0
Fort Lauderdale, Fl	0	0	0
Irvine, Ca	0	0	0
Jacksonville, Fl · principal	0	0	0
St Louis, Mo	0	0	0
Tampa, Fl	0	0	0

Post-acquisition retention

advisors of absorbed firms still registered here after the move

Firms absorbed: 4 since 2015, 0 in 24 monthsderived
Advisors acquired: 14derived
Still registered after 90 days: 100% of 14derived
After 180 days: 100% of 14derived
After 365 days: 93% of 14derived
After 730 days: 93% of 14derived
Team lift-outs after: 0derivedteams that left this firm within two years of an absorption

Lower bound: a person who left the industry is on neither side of the tape, and a re-registration to an affiliated CRD of the same group counts as a departure.

Offices

Schedule D 1.F, the 25 largest

Columbia, MD3 employees
Chicago, IL2 employees
Denver, CO2 employees
Fort Lauderdale, FL2 employees
St. Louis, MO2 employees
New York, NY1 employees

What changed

consecutive filings, newest first

Other offices · 7 to 6
Aug 19, 2022 to Jul 31, 2023
Accounts · 3,813 to 4,125
Aug 19, 2022 to Jul 31, 2023
Advisory employees · 26 to 27
Aug 19, 2022 to Jul 31, 2023
Corporate clients · 18 to 28
Aug 19, 2022 to Jul 31, 2023
HNW clients · 541 to 678
Aug 19, 2022 to Jul 31, 2023
Individual clients · 757 to 773
Aug 19, 2022 to Jul 31, 2023
Assets in custody · $1.1B to $1.6B
Aug 19, 2022 to Jul 31, 2023
Employees · 28 to 43
Aug 19, 2022 to Jul 31, 2023
Financial planning clients · 1-10 to 0
Aug 19, 2022 to Jul 31, 2023
State-registered IARs · 26 to 27
Aug 19, 2022 to Jul 31, 2023
Discretionary RAUM · $2.1B to $2.2B
Aug 19, 2022 to Jul 31, 2023
HNW RAUM · $2.3B to $2.3B
Aug 19, 2022 to Jul 31, 2023
Individual RAUM · $262M to $120M
Aug 19, 2022 to Jul 31, 2023
Non-discretionary RAUM · $718M to $801M
Aug 19, 2022 to Jul 31, 2023
Pension RAUM · 5249959.0 to unset
Aug 19, 2022 to Jul 31, 2023
RAUM · $2.8B to $3.0B
Aug 19, 2022 to Jul 31, 2023
Accounts · 3,570 to 3,813
Jul 29, 2021 to Jul 29, 2022
Advisory employees · 17 to 26
Jul 29, 2021 to Jul 29, 2022
BD registered reps · 0 to 2
Jul 29, 2021 to Jul 29, 2022
Charity clients · unset to 10.0
Jul 29, 2021 to Jul 29, 2022
Corporate clients · 10 to 18
Jul 29, 2021 to Jul 29, 2022
HNW clients · 543 to 541
Jul 29, 2021 to Jul 29, 2022
Individual clients · 702 to 757
Jul 29, 2021 to Jul 29, 2022
Assets in custody · $522M to $1.1B
Jul 29, 2021 to Jul 29, 2022
State-registered IARs · 25 to 26
Jul 29, 2021 to Jul 29, 2022
Discretionary RAUM · $2.1B to $2.1B
Jul 29, 2021 to Jul 29, 2022
HNW RAUM · $1.9B to $2.3B
Jul 29, 2021 to Jul 29, 2022
Individual RAUM · $223M to $262M
Jul 29, 2021 to Jul 29, 2022
Non-discretionary RAUM · $21.6M to $718M
Jul 29, 2021 to Jul 29, 2022
Pension RAUM · $1.0M to $5.2M
Jul 29, 2021 to Jul 29, 2022
RAUM · $2.1B to $2.8B
Jul 29, 2021 to Jul 29, 2022
Accounts · 2,886 to 3,570
Apr 30, 2021 to Jul 29, 2021
Corporate clients · 25 to 10
Apr 30, 2021 to Jul 29, 2021
HNW clients · 371 to 543
Apr 30, 2021 to Jul 29, 2021
Individual clients · 633 to 702
Apr 30, 2021 to Jul 29, 2021
Assets in custody · $475M to $522M
Apr 30, 2021 to Jul 29, 2021
Employees · 20 to 28
Apr 30, 2021 to Jul 29, 2021
State-registered IARs · 16 to 25
Apr 30, 2021 to Jul 29, 2021
Other offices · 6 to 7
Apr 30, 2021 to Jul 29, 2021
Discretionary RAUM · $1.5B to $2.1B
Apr 30, 2021 to Jul 29, 2021

Signals

40 dated events

Anne Marie Phelps left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2023-11-02)
Nov 2, 2023 · Advisor changed firm · fact
Micah John Lang left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2023-11-02)
Nov 2, 2023 · Advisor changed firm · fact
Eli Nathan Lerner left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2025-01-22)
Nov 2, 2023 · Advisor changed firm · fact
Ewa Stella Drabek left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2023-11-03)
Nov 2, 2023 · Advisor changed firm · fact
Mark David Biegel left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2023-11-02)
Nov 2, 2023 · Advisor changed firm · fact
James Boyd Waller left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2026-01-21)
Nov 2, 2023 · Advisor changed firm · fact
David Roman Juzwiak left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2023-11-02)
Nov 2, 2023 · Advisor changed firm · fact
Michael Joseph Lynch left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2023-11-02)
Nov 2, 2023 · Advisor changed firm · fact
Tracey Elizabeth Richardson left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2023-11-02)
Nov 2, 2023 · Advisor changed firm · fact
Robert Eugene Filosa left Bdo Wealth Advisors, Llc for Atlantic Edge Private Wealth Management (registered 2024-01-29)
Nov 2, 2023 · Advisor changed firm · fact
Christopher Gerald Widing left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2025-01-16)
Nov 2, 2023 · Advisor changed firm · fact
Zachary Thomas Pearsall left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2023-11-02)
Nov 2, 2023 · Advisor changed firm · fact
Peter Paul Jenkins left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2023-11-02)
Nov 2, 2023 · Advisor changed firm · fact
Dorothy Evelyn Bossung left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2023-12-08)
Nov 2, 2023 · Advisor changed firm · fact
Matthew Ari Gotlin left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2023-11-02)
Nov 2, 2023 · Advisor changed firm · fact
Trevor Joe Emery left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2023-11-02)
Nov 2, 2023 · Advisor changed firm · fact
April Louise Hayden left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2023-11-02)
Nov 2, 2023 · Advisor changed firm · fact
William George Lowery left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2023-11-02)
Nov 2, 2023 · Advisor changed firm · fact
Barbara Jean Devine left Bdo Wealth Advisors, Llc for Choreo, Llc (registered 2023-11-02)
Nov 2, 2023 · Advisor changed firm · fact
7 advisors left Bdo Wealth Advisors, LLC (Columbia, MD) for Choreo, LLC on the same day
Nov 2, 2023 · Team lift-out · derived
3 advisors left Bdo Wealth Advisors, LLC (Chicago, IL) for Choreo, LLC on the same day
Nov 2, 2023 · Team lift-out · derived
2 advisors left Bdo Wealth Advisors, LLC (ST Louis, MO) for Choreo, LLC on the same day
Nov 2, 2023 · Team lift-out · derived
3 advisors left Bdo Wealth Advisors, LLC (Fort Lauderdale, FL) for Choreo, LLC on the same day
Nov 2, 2023 · Team lift-out · derived
Ethan John Caldarelli left Bdo Wealth Advisors, Llc for Atlantic Edge Private Wealth Management (registered 2024-01-31)
Oct 12, 2023 · Advisor changed firm · fact
Kaitlyn Pandzik Weatherly left Bdo Wealth Advisors, Llc for Atlantic Edge Private Wealth Management (registered 2026-01-01)
Sep 25, 2023 · Advisor changed firm · fact
Jeffery T Albaneze left Bdo Wealth Advisors, Llc for Atlantic Edge Private Wealth Management (registered 2025-12-18)
Sep 25, 2023 · Advisor changed firm · fact
Matthew Boyd Cochran left Bdo Wealth Advisors, Llc for Atlantic Edge Private Wealth Management (registered 2025-12-19)
Sep 25, 2023 · Advisor changed firm · fact
3 advisors left Bdo Wealth Advisors, LLC (Jacksonville, FL) for Atlantic Edge Private Wealth Management on the same day
Sep 25, 2023 · Team lift-out · derived
Sarah C Hancock left Bdo Wealth Advisors, Llc for Raymond James & Associates, Inc. (registered 2023-08-02)
Oct 27, 2022 · Advisor changed firm · fact
G Lynn Calhoun (Vice President And Treasurer) appeared on Schedule A of Bdo Wealth Advisors, Llc
Aug 3, 2022 · Control person joined · fact

Across DFX

shared identifiers only, never a name match

BDO Wealth Advisors, LLC · Private Equity
shared crd · intermediary

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