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
Mutual Trust Advisory Group
Legal name Mutual Trust Advisory Group, Inc.
Latest filing Feb 11, 2026
First filing on the tape May 5, 2021 · 14 filings
SEC status approved since Jun 7, 2021
RAUM
$166M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$166M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$82.9M
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$166M as of Feb 11, 2026
Feb 7, 2022$236M then
HNW client RAUM$101M as of Feb 11, 2026
Feb 7, 2022$204M then
State-registered IARs (5.B.3)2 as of Feb 11, 2026
Feb 7, 20223 then
Employees (5.A)3 as of Feb 11, 2026
Feb 7, 20223 then
Private funds: no history
RAUM +30% over the last fiscal year+10% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Feb 11, 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $82.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 88derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.0MderivedHNW RAUM over HNW clients
- Average account
- $337,630derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +30%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +6.7%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 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$101M61%
- Individuals$64.7M39%
- Individual clients
- 126reported
- HNW clients
- 50reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 491reported
- Financial planning clients
- 11-25reported
- 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=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Scott Randal SchatzleCertified Financial Planner | Estero, Fl | Feb 11, 2016 | 18 y | 3 |
| Ryan Paul RocuantCertified Financial Planner | Estero, Fl | Apr 5, 2021 | 15 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
- Aaron Michael Pierce to Truevine Family WealthOct 1, 2024 · RIA to a state-registered adviser
Joined, latest
- Aaron Michael Pierce from UBS Financial Services Inc.Oct 14, 2020 · Wirehouse to independent RIA
- Scott Randal Schatzle from DynamicFeb 11, 2016 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Randal Scott Schatzle · President, Ccocontrolsince 01/2013 · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Estero, Fl · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- custody status changedChange between filings · filing Feb 11, 2026custody of client assets (Item 9.A): yes on the filing of 2026-01-07, no on the filing of 2026-02-11peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 424 to 491Jan 7, 2026 to Feb 11, 2026
- HNW clients · 35 to 50Jan 7, 2026 to Feb 11, 2026
- Individual clients · 130 to 126Jan 7, 2026 to Feb 11, 2026
- Assets in custody · 4409716.0 to unsetJan 7, 2026 to Feb 11, 2026
- Custody of client assets · true to falseJan 7, 2026 to Feb 11, 2026
- Employees · 2 to 3Jan 7, 2026 to Feb 11, 2026
- Discretionary RAUM · $128M to $166MJan 7, 2026 to Feb 11, 2026
- HNW RAUM · $68.7M to $101MJan 7, 2026 to Feb 11, 2026
- Individual RAUM · $59.3M to $64.7MJan 7, 2026 to Feb 11, 2026
- RAUM · $128M to $166MJan 7, 2026 to Feb 11, 2026
- Accounts · 423 to 424Feb 8, 2024 to Mar 14, 2025
- Advisory employees · 3 to 2Feb 8, 2024 to Mar 14, 2025
- HNW clients · 31 to 35Feb 8, 2024 to Mar 14, 2025
- Individual clients · 126 to 130Feb 8, 2024 to Mar 14, 2025
- Assets in custody · $39.3M to $4.4MFeb 8, 2024 to Mar 14, 2025
- Employees · 3 to 2Feb 8, 2024 to Mar 14, 2025
- Financial planning clients · 11-25 to 11-25Feb 8, 2024 to Mar 14, 2025
- State-registered IARs · 3 to 2Feb 8, 2024 to Mar 14, 2025
- Discretionary RAUM · $161M to $128MFeb 8, 2024 to Mar 14, 2025
- HNW RAUM · $112M to $68.7MFeb 8, 2024 to Mar 14, 2025
- Individual RAUM · $52.2M to $59.3MFeb 8, 2024 to Mar 14, 2025
- Non-discretionary RAUM · $3.4M to $0Feb 8, 2024 to Mar 14, 2025
- RAUM · $165M to $128MFeb 8, 2024 to Mar 14, 2025
- Accounts · 351 to 423May 12, 2023 to Feb 8, 2024
- HNW clients · 30 to 31May 12, 2023 to Feb 8, 2024
- Individual clients · 113 to 126May 12, 2023 to Feb 8, 2024
- Assets in custody · $37.2M to $39.3MMay 12, 2023 to Feb 8, 2024
- Other offices · 1 to 0May 12, 2023 to Feb 8, 2024
- Discretionary RAUM · $121M to $161MMay 12, 2023 to Feb 8, 2024
- HNW RAUM · $87.0M to $112MMay 12, 2023 to Feb 8, 2024
- Individual RAUM · $36.9M to $52.2MMay 12, 2023 to Feb 8, 2024
- Non-discretionary RAUM · $3.0M to $3.4MMay 12, 2023 to Feb 8, 2024
- RAUM · $124M to $165MMay 12, 2023 to Feb 8, 2024
- Accounts · 357 to 351Dec 1, 2022 to Mar 10, 2023
- HNW clients · 34 to 30Dec 1, 2022 to Mar 10, 2023
- Individual clients · 155 to 113Dec 1, 2022 to Mar 10, 2023
- Assets in custody · $31.6M to $37.2MDec 1, 2022 to Mar 10, 2023
- Financial planning clients · 26-50 to 11-25Dec 1, 2022 to Mar 10, 2023
- Discretionary RAUM · $236M to $121MDec 1, 2022 to Mar 10, 2023
- HNW RAUM · $204M to $87.0MDec 1, 2022 to Mar 10, 2023
Signals
4 dated events
- Aaron Michael Pierce left Mutual Trust Advisory Group for Truevine Family Wealth (registered 2025-01-01)Oct 1, 2024 · Advisor changed firm · fact
- Mutual Trust Advisory Group reported RAUM $123.9M, down 47% from $235.8M (2022-12-01 to 2023-03-10)Mar 10, 2023 · RAUM change · derived
- Mutual Trust Advisory Group reported RAUM $235.8M, up 114% from $110.2M (2021-07-12 to 2022-02-07)Feb 7, 2022 · RAUM change · derived
- Mutual Trust Advisory Group filed its initial SEC registration (Form ADV)May 5, 2021 · 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
- 239-204-4333reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/5182044/adminreportedpublic record, Form ADV, Sep 18, 2026
- Website
- mutualtrustadvisorygroup.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 239-204-4333reportedpublic record, Form ADV, Feb 11, 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
- $82.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026