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
Independence Capital Co., Inc.
Latest filing Sep 11, 2026
First filing on the tape Jul 24, 2026 · 2 filings
SEC status approved since Aug 6, 2026
RAUM
$119M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$119M individuals and HNW
Advisors
19
registered through the firm on IAPD
RAUM per advisor
$6.2M
derived; firm RAUM over IAPD count
Employees
43
25 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
0
reported on Schedule D
History
2 filings and snapshots on the tape
RAUM$119M as of Sep 11, 2026
Jul 24, 2026$119M then
HNW client RAUM$43.9M as of Sep 11, 2026
Jul 24, 2026$43.9M then
State-registered IARs (5.B.3)25 as of Sep 11, 2026
Jul 24, 202625 then
Employees (5.A)43 as of Sep 11, 2026
Jul 24, 202643 then
Private funds: no history
Practice profile
derived from the filing of Sep 11, 2026; every figure names its basis
Archetypes, each a printed rule
- Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
- Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
- RAUM per advisor
- $6.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 16derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.2MderivedHNW RAUM over HNW clients
- Average account
- $395,655derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 3.2derived6 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 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
- is a broker-dealer (6.A.1)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$74.8M63%
- High-net-worth individuals$43.9M37%
- Individual clients
- 280reported
- HNW clients
- 20reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 300reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=41.0derived
Advisors registered through the firm
19 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Dennis Clarence Twarogowski | Parma, Oh | Feb 7, 2005 | 37 y | 0 |
| Sohrab Sadegi | Ft. Myers, Fl | Feb 22, 2005 | 32 y | 1 |
| Margaret Kathryn UlrichCertified Financial Planner | Parma, Oh | Jan 14, 2009 | 31 y | 0 |
| David William Toetz | Parma, Oh | Jan 14, 2009 | 37 y | 0 |
| Robert Alan BillsteinCertified Financial Planner | Parma, Oh | Oct 27, 2009 | 43 y | 1 |
| David Carl Sabo | Parma, Oh | Feb 1, 2011 | 26 y | 2 |
| Jon R Heischman | Parma, Oh | Nov 26, 2013 | 23 y | 0 |
| James Lang Thomas | Niles, Oh | May 2, 2014 | 40 y | 3 |
| Thomas Gregory Scheiman | Parma, Oh | Oct 26, 2015 | 49 y | 0 |
| David Andrew Cassese | Parma, Oh | Feb 16, 2016 | 34 y | 0 |
| Thomas Dlugopolsky | Parma, Oh | Jul 26, 2018 | 19 y | 1 |
| Michael G Romanello | Westlake, Oh | May 24, 2019 | 22 y | 2 |
| Christopher Nichols | Parma, Oh | Dec 16, 2019 | 12 y | 2 |
| Thomas William Moran | Parma, Oh | Dec 20, 2019 | 14 y | 1 |
| Jonathan David CushCertified Financial Planner | Parma, Oh | Feb 5, 2021 | 27 y | 1 |
| John Charles Cush | New Philadelphia, Oh | Feb 8, 2021 | 38 y | 1 |
| David Michael Cush | New Philadelphia, Oh | Feb 9, 2021 | 16 y | 1 |
| Anthony Joseph Spena | Willoughby, Oh | Feb 11, 2021 | 34 y | 3 |
| Stephen Michael Franko | Mt. Vernon, Oh | Aug 19, 2026 | 31 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 headcount1 left over 36 months
Left, latest
- Bernard John Mckinney to Revisor Wealth Management LLCDec 31, 2024 · RIA to RIA
- John Michael Cole to Fsa Advisors, Inc.Dec 20, 2022 · RIA to RIA
- Michael Leonard Wallace to Fsa Advisors, Inc.Dec 15, 2022 · RIA to RIA
- John Lawrence Sauger to Fsa Advisors, Inc.Dec 15, 2022 · RIA to RIA
- Nicholas Andrew Shaheen to Fsa Advisors, Inc.Dec 15, 2022 · RIA to RIA
- Adam Christopher Grubius to Fsa Advisors, Inc.Dec 15, 2022 · RIA to RIA
- Jeffery Jay Bleim to Fsa Advisors, Inc.Dec 15, 2022 · RIA to RIA
- Michael Vincent Spica to Fsa Advisors, Inc.Dec 15, 2022 · RIA to RIA
- Mark Anthony Virostick to Fsa Advisors, Inc.Dec 15, 2022 · RIA to RIA
- Richard Dean Trombley to Fsa Advisors, Inc.Dec 15, 2022 · RIA to RIA
- Albert Scott Carlson to Fsa Advisors, Inc.Dec 15, 2022 · RIA to RIA
- Jeffrey David Medvedik to Fsa Advisors, Inc.Dec 15, 2022 · RIA to RIA
- Brian Washburn Swinney to Fsa Advisors, Inc.Nov 18, 2019 · RIA to RIA
- Jacob Tyler Sawyer to Fsa Advisors, Inc.Feb 22, 2018 · RIA to RIA
- Landon Ray Jones to Revisor Wealth Management LLCApr 5, 2017 · RIA to RIA
Joined, latest
- Anthony Joseph Spena from Allstate Financial Advisors, LLCFeb 11, 2021 · Affiliated broker-dealer or bank to independent RIA
- David Michael Cush from On Investment Management CoFeb 9, 2021 · Affiliated broker-dealer or bank to independent RIA
- John Charles Cush from On Investment Management CoFeb 8, 2021 · Affiliated broker-dealer or bank to independent RIA
- Jonathan David Cush from On Investment Management CoFeb 5, 2021 · Affiliated broker-dealer or bank to independent RIA
- Thomas William Moran from Oneamerica Securities, Inc.Dec 20, 2019 · Affiliated broker-dealer or bank to independent RIA
- Christopher Nichols from Oneamerica Securities, Inc.Dec 16, 2019 · Affiliated broker-dealer or bank to independent RIA
- Michael G Romanello from On Investment Management CoMay 24, 2019 · Affiliated broker-dealer or bank to independent RIA
- Thomas Dlugopolsky from MML Investors Services, LLCJul 26, 2018 · Affiliated broker-dealer or bank to independent RIA
- James Lang Thomas from Huntington Financial AdvisorsMay 2, 2014 · Other
- David Carl Sabo from 1st Discount Brokerage, Inc.Feb 1, 2011 · Other
- Shobhan Manubhai Sheth from Ridgeway Conger Advisory ServicesMay 25, 2010 · Other
- Robert Alan Billstein from Walnut Street Securities, Inc.Oct 27, 2009 · Other
- Landon Ray Jones from Osaic Fa, Inc.Feb 3, 2006 · Other
- Sohrab Sadegi from Mutual Service CorporationFeb 22, 2005 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 11 left for Fsa Advisors, Inc.Dec 15, 2022 · Warren, Mi
- 3 joined from On Investment Management CoFeb 5, 2021 · Cincinnati, Oh
- 2 joined from Oneamerica Securities, Inc.Dec 19, 2019 · Akron, Oh
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Thomas Gregory Scheiman · President, Crop, Sropcontrolsince 03/2004 · owns 50% to 75%
- David William Toetz · Vpcontrolsince 04/2004 · owns 50% to 75%
- Dennis Clarence Twarogowski · Chief Compliance Officersince 04/2005 · owns less than 5%
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 |
|---|---|---|---|---|---|
| Parma, Oh · principal | 18 | 1 | 0 | ||
| New Philadelphia, Oh | 3 | 0 | 0 | ||
| Estero, Fl | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Financial planning clients · 0 to 0Jul 24, 2026 to Sep 11, 2026
- Succession · false to unsetJul 24, 2026 to Sep 11, 2026
Signals
15 dated events
- Thomas Gregory Scheiman no longer holds an investment adviser registration (last listed at Independence Capital Co., Inc. on the 2026-09-16 feed)Sep 16, 2026 · Advisor registration ended · derived
- Bernard John Mckinney left Independence Capital Co., Inc. for Revisor Wealth Management Llc (registered 2015-02-26)Dec 31, 2024 · Advisor changed firm · fact
- Landon Ray Jones no longer registered at Independence Capital Co., Inc.; no later IA registration on IAPDDec 31, 2024 · Advisor departure · fact
- John Michael Cole left Independence Capital Co., Inc. for Fsa Advisors, Inc. (registered 2017-09-01)Dec 20, 2022 · Advisor changed firm · fact
- Michael Vincent Spica left Independence Capital Co., Inc. for Fsa Advisors, Inc. (registered 2017-08-30)Dec 15, 2022 · Advisor changed firm · fact
- Nicholas Andrew Shaheen left Independence Capital Co., Inc. for Fsa Advisors, Inc. (registered 2017-07-07)Dec 15, 2022 · Advisor changed firm · fact
- Adam Christopher Grubius left Independence Capital Co., Inc. for Fsa Advisors, Inc. (registered 2017-08-30)Dec 15, 2022 · Advisor changed firm · fact
- Jeffery Jay Bleim left Independence Capital Co., Inc. for Fsa Advisors, Inc. (registered 2017-08-30)Dec 15, 2022 · Advisor changed firm · fact
- Jeffrey David Medvedik left Independence Capital Co., Inc. for Fsa Advisors, Inc. (registered 2025-01-09)Dec 15, 2022 · Advisor changed firm · fact
- Mark Anthony Virostick left Independence Capital Co., Inc. for Fsa Advisors, Inc. (registered 2017-08-30)Dec 15, 2022 · Advisor changed firm · fact
- Albert Scott Carlson left Independence Capital Co., Inc. for Fsa Advisors, Inc. (registered 2017-10-09)Dec 15, 2022 · Advisor changed firm · fact
- John Lawrence Sauger left Independence Capital Co., Inc. for Fsa Advisors, Inc. (registered 2017-08-30)Dec 15, 2022 · Advisor changed firm · fact
- Richard Dean Trombley left Independence Capital Co., Inc. for Fsa Advisors, Inc. (registered 2017-08-30)Dec 15, 2022 · Advisor changed firm · fact
- Michael Leonard Wallace left Independence Capital Co., Inc. for Fsa Advisors, Inc. (registered 2017-09-01)Dec 15, 2022 · Advisor changed firm · fact
- 11 advisors left Independence Capital CO., Inc. (Warren, MI) for Fsa Advisors, Inc. within 5 daysDec 15, 2022 · Team lift-out · 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
- Business phone
- 440-888-7000reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 440-888-7012reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- INDCAP.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 440-888-7000reportedpublic record, Form ADV, Sep 11, 2026
- Contact form
- indcap.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- indcap.com/our-teamreportedpublished by the firm, firm site, Sep 16, 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
- $6.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026