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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Former SEC-registered adviser
M•••••••• A••••••• P•••••••• L••
Latest filing Feb 7, 2023
First filing on the tape Sep 3, 2015 · 24 filings
RAUM
$263M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
98%
$259M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$263M as of Feb 7, 2023
Feb 11, 2016$192M then
HNW client RAUM$139M as of Feb 7, 2023
Mar 13, 2018$162M then
State-registered IARs (5.B.3)3 as of Feb 7, 2023
Feb 11, 20163 then
Employees (5.A)4 as of Feb 7, 2023
Feb 11, 20164 then
Private funds: no history
RAUM -8.0% over the last fiscal year+2.4% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Feb 7, 2023; every figure names its basis
- RAUM per advisor
- $87.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 206derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.3MderivedHNW RAUM over HNW clients
- Average account
- $423,129derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 96%derivedof RAUM
- Institutional
- 1.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -8.0%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +208%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
- Wrap fee program
- $254MreportedItem 5.I
- 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$139M53%
- Individuals$120M46%
- Pension and profit-sharing plans$4.2M1.6%
- Individual clients
- 558reported
- HNW clients
- 61reported
- Pension plan clients
- 3reported
- Charitable clients
- 0reported
- Accounts
- 622reported
- Financial planning clients
- n/areported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- 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
- T••••• Z••••• W•••• to N•••••• A•••••••Oct 30, 2023 · RIA to affiliated broker-dealer or bank
- W•••••• N••••• H•••• to N•••••• A•••••••Oct 30, 2023 · RIA to affiliated broker-dealer or bank
- M••• K•• Z•••••• to N•••••• A•••••••Oct 30, 2023 · RIA to affiliated broker-dealer or bank
Joined, latest
- T••••• Z••••• W•••• from W•••• F•••• A•••••••Oct 9, 2015 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- M••• K•• Z•••••• from W•••• F•••• A•••••••Oct 5, 2015 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- W•••••• N••••• H•••• from W•••• F•••• A•••••••Oct 5, 2015 · Wirehouse to a newly registered adviser (no RAUM reported yet)
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for N•••••• A•••••••Oct 30, 2023 · Southern Pines, Nc · Firm absorbed
- 3 joined from W•••• F•••• A•••••••Oct 15, 2015 · Pinehurst, Nc
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- H••••• W••••••• N••••• · Managing Member / Chief Compliance Officercontrolsince 10/2015 · owns 25% to 50%
- K••••• J•••• M•••• · Managing Membercontrolsince 10/2015 · owns 25% to 50%
- Z••••••• M•••• K•• · Managing Membercontrolsince 10/2015 · owns 25% to 50%
- W••••• T•••••• Z••••• · Managing Membersince 10/2015 · owns 5% to 10%
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 |
|---|---|---|---|---|---|
| Southern Pines, Nc · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 573 to 622Nov 11, 2022 to Feb 7, 2023
- HNW clients · 70 to 61Nov 11, 2022 to Feb 7, 2023
- Individual clients · 131 to 558Nov 11, 2022 to Feb 7, 2023
- Pension plan clients · 2 to 3Nov 11, 2022 to Feb 7, 2023
- Discretionary RAUM · $274M to $254MNov 11, 2022 to Feb 7, 2023
- HNW RAUM · $226M to $139MNov 11, 2022 to Feb 7, 2023
- Individual RAUM · $55.0M to $120MNov 11, 2022 to Feb 7, 2023
- Non-discretionary RAUM · $12.0M to $9.5MNov 11, 2022 to Feb 7, 2023
- Pension RAUM · $4.9M to $4.2MNov 11, 2022 to Feb 7, 2023
- RAUM · $286M to $263MNov 11, 2022 to Feb 7, 2023
- Accounts · 586 to 573Feb 9, 2021 to Feb 7, 2022
- Individual clients · 134 to 131Feb 9, 2021 to Feb 7, 2022
- Discretionary RAUM · $238M to $274MFeb 9, 2021 to Feb 7, 2022
- HNW RAUM · $197M to $226MFeb 9, 2021 to Feb 7, 2022
- Individual RAUM · $49.2M to $55.0MFeb 9, 2021 to Feb 7, 2022
- Non-discretionary RAUM · $11.8M to $12.0MFeb 9, 2021 to Feb 7, 2022
- Pension RAUM · $3.9M to $4.9MFeb 9, 2021 to Feb 7, 2022
- RAUM · $250M to $286MFeb 9, 2021 to Feb 7, 2022
- Accounts · 632 to 586Nov 25, 2020 to Feb 9, 2021
- HNW clients · 35 to 70Nov 25, 2020 to Feb 9, 2021
- Individual clients · 156 to 134Nov 25, 2020 to Feb 9, 2021
- Discretionary RAUM · $234M to $238MNov 25, 2020 to Feb 9, 2021
- HNW RAUM · $141M to $197MNov 25, 2020 to Feb 9, 2021
- Individual RAUM · $102M to $49.2MNov 25, 2020 to Feb 9, 2021
- Non-discretionary RAUM · $11.0M to $11.8MNov 25, 2020 to Feb 9, 2021
- Pension RAUM · $2.6M to $3.9MNov 25, 2020 to Feb 9, 2021
- RAUM · $245M to $250MNov 25, 2020 to Feb 9, 2021
- Accounts · 624 to 632Mar 13, 2019 to Mar 4, 2020
- HNW clients · 28 to 35Mar 13, 2019 to Mar 4, 2020
- Individual clients · 192 to 156Mar 13, 2019 to Mar 4, 2020
- Pension plan clients · 1 to 2Mar 13, 2019 to Mar 4, 2020
- Discretionary RAUM · $192M to $234MMar 13, 2019 to Mar 4, 2020
- HNW RAUM · $101M to $141MMar 13, 2019 to Mar 4, 2020
- Individual RAUM · $103M to $102MMar 13, 2019 to Mar 4, 2020
- Non-discretionary RAUM · $12.3M to $11.0MMar 13, 2019 to Mar 4, 2020
- Pension RAUM · $420,451 to $2.6MMar 13, 2019 to Mar 4, 2020
- RAUM · $204M to $245MMar 13, 2019 to Mar 4, 2020
- Accounts · 628 to 624Mar 5, 2019 to Mar 13, 2019
- HNW clients · 67 to 28Mar 5, 2019 to Mar 13, 2019
- Individual clients · 144 to 192Mar 5, 2019 to Mar 13, 2019
Signals
5 dated events
- T••••• Z••••• W•••• left M•••••••• A••••••• P•••••••• L•• for N•••••• A••••••• (registered 2023-11-30)Oct 30, 2023 · Advisor changed firm · fact
- W•••••• N••••• H•••• left M•••••••• A••••••• P•••••••• L•• for N•••••• A••••••• (registered 2023-11-30)Oct 30, 2023 · Advisor changed firm · fact
- M••• K•• Z•••••• left M•••••••• A••••••• P•••••••• L•• for N•••••• A••••••• (registered 2023-11-01)Oct 30, 2023 · Advisor changed firm · fact
- M•••••••• A••••••• P•••••••• L••'s advisors moved to N•••••• A••••••• (Southern Pines, NC): 3 of 3 registered, on the same dayOct 30, 2023 · Firm absorbed (people side) · derived
- M•••••••• A••••••• P•••••••• L•• filed its initial SEC registration (Form ADV)Sep 3, 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.
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