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.
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SEC-registered adviser
L•••••••• I••••••••• I•••
Latest filing Apr 1, 2026
First filing on the tape Mar 28, 2012 · 27 filings
SEC status approved since Jul 13, 1988
RAUM
$943M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
85%
$797M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$157M
derived; firm RAUM over IAPD count
Employees
7
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$943M as of Apr 1, 2026
Mar 28, 2012$290M then
HNW client RAUM$768M as of Apr 1, 2026
Mar 26, 2018$390M then
State-registered IARs (5.B.3)6 as of Apr 1, 2026
Mar 28, 20120 then
Employees (5.A)7 as of Apr 1, 2026
Mar 27, 201310 then
Private funds: no history
RAUM +11% over the last fiscal year+9.6% a year over threeIARs 6 to 6
Practice profile
derived from the filing of Apr 1, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- $157MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 40derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.7MderivedHNW RAUM over HNW clients
- Average account
- $1.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 3.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 6.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +11%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +1.7%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, 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$768M81%
- Corporations and businesses$117M12%
- Individuals$29.7M3.1%
- Pension and profit-sharing plans$26.6M2.8%
- Charitable organizations$1.9M0.2%
- Individual clients
- 76reported
- HNW clients
- 164reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 611reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.85 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| R••••• A•••• N••••Certified Financial Planner | Ashton, Md | Oct 28, 2002 | 21 y | 0 |
| L••••••• J•••• | Ashton, Md | Oct 29, 2002 | 37 y | 0 |
| M••• H••••• | Ashton, Md | Oct 29, 2002 | 32 y | 0 |
| B•••••• P•••••• H••••• | Ashton, Md | Nov 23, 2016 | 11 y | 0 |
| S•••• H••••••• D••• | Ashton, Md | Feb 22, 2021 | 36 y | 0 |
| R••• M•••••• K•••••• | Ashton, Md | Jul 28, 2021 | 22 y | 0 |
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
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- J••••• L••••••• · Shareholder/Pres./ Dir./Chief Compliance Officer/Prin. Oper. Ofcr.controlsince 05/1988 · owns 25% to 50%
- D•••• S•••• H••••••• · Shareholder/ Director/ Vpsince 02/1996 · owns 25% to 50%
- H•••••• M••• M••••• · Shareholder/ Director/ Vpsince 02/2006 · owns 25% to 50%
- K••••••• R••• M•••••• · Shareholdersince 09/2011 · owns less than 5%
- N••••• R••••• A•••• · Shareholder/Treasurer/Prin. Fin. Officersince 09/2011 · owns 10% to 25%
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 |
|---|---|---|---|---|---|
| Ashton, Md · principal | 6 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 587 to 611Sep 12, 2025 to Apr 1, 2026
- HNW clients · 160 to 164Sep 12, 2025 to Apr 1, 2026
- Individual clients · 77 to 76Sep 12, 2025 to Apr 1, 2026
- Discretionary RAUM · $895M to $943MSep 12, 2025 to Apr 1, 2026
- HNW RAUM · $727M to $768MSep 12, 2025 to Apr 1, 2026
- Individual RAUM · $28.9M to $29.7MSep 12, 2025 to Apr 1, 2026
- Pension RAUM · $24.9M to $26.6MSep 12, 2025 to Apr 1, 2026
- RAUM · $895M to $943MSep 12, 2025 to Apr 1, 2026
- HNW clients · 159 to 160Mar 31, 2025 to Sep 12, 2025
- Discretionary RAUM · $847M to $895MMar 31, 2025 to Sep 12, 2025
- HNW RAUM · $673M to $727MMar 31, 2025 to Sep 12, 2025
- Individual RAUM · $28.8M to $28.9MMar 31, 2025 to Sep 12, 2025
- Pension RAUM · $34.0M to $24.9MMar 31, 2025 to Sep 12, 2025
- RAUM · $847M to $895MMar 31, 2025 to Sep 12, 2025
- Accounts · 581 to 587Mar 31, 2025 to Sep 12, 2025
- Accounts · 573 to 581Mar 20, 2024 to Mar 31, 2025
- Corporate clients · unset to 5.0Mar 20, 2024 to Mar 31, 2025
- HNW clients · 160 to 159Mar 20, 2024 to Mar 31, 2025
- Individual clients · 74 to 77Mar 20, 2024 to Mar 31, 2025
- Financial planning clients · 26-50 to 26-50Mar 20, 2024 to Mar 31, 2025
- Discretionary RAUM · $774M to $847MMar 20, 2024 to Mar 31, 2025
- HNW RAUM · $615M to $673MMar 20, 2024 to Mar 31, 2025
- Individual RAUM · $25.6M to $28.8MMar 20, 2024 to Mar 31, 2025
- Pension RAUM · $29.1M to $34.0MMar 20, 2024 to Mar 31, 2025
- RAUM · $774M to $847MMar 20, 2024 to Mar 31, 2025
- Accounts · 555 to 573Apr 4, 2023 to Mar 20, 2024
- HNW clients · 155 to 160Apr 4, 2023 to Mar 20, 2024
- Individual clients · 79 to 74Apr 4, 2023 to Mar 20, 2024
- Discretionary RAUM · $716M to $774MApr 4, 2023 to Mar 20, 2024
- HNW RAUM · $543M to $615MApr 4, 2023 to Mar 20, 2024
- Individual RAUM · $25.6M to $25.6MApr 4, 2023 to Mar 20, 2024
- Pension RAUM · $28.4M to $29.1MApr 4, 2023 to Mar 20, 2024
- RAUM · $716M to $774MApr 4, 2023 to Mar 20, 2024
- Accounts · 543 to 555Jun 30, 2022 to Mar 31, 2023
- Individual clients · 77 to 79Jun 30, 2022 to Mar 31, 2023
- Discretionary RAUM · $784M to $716MJun 30, 2022 to Mar 31, 2023
- HNW RAUM · $588M to $543MJun 30, 2022 to Mar 31, 2023
- Individual RAUM · $28.2M to $25.6MJun 30, 2022 to Mar 31, 2023
- Pension RAUM · $36.5M to $28.4MJun 30, 2022 to Mar 31, 2023
- RAUM · $784M to $716MJun 30, 2022 to Mar 31, 2023
Signals
1 dated events
- L•••••••• I••••••••• I••• reported RAUM $769.2M, up 59% from $482.6M (2021-03-31 to 2021-09-10)Sep 10, 2021 · RAUM change · derived
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
- Website
- L••••••••INVESTMENTS.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 301-570-2959reportedpublic record, Form ADV, Apr 1, 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
- $157Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026