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
S•••••• W••••• M••••••••• L••
Latest filing Sep 9, 2026
First filing on the tape Aug 16, 2024 · 12 filings
SEC status approved since Sep 16, 2024
RAUM
$160M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
96%
$155M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$53.4M
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$160M as of Jul 21, 2026
Mar 25, 2025$122M then
HNW client RAUM$112M as of Jul 21, 2026
Mar 25, 2025$82.1M then
State-registered IARs (5.B.3)3 as of Jul 21, 2026
Mar 25, 20253 then
Employees (5.A)5 as of Jul 21, 2026
Mar 25, 20255 then
Private funds: no history
RAUM +31% over the last fiscal yearIARs 3 to 3
Practice profile
derived from the filing of Sep 9, 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
- RAUM per advisor
- $53.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 48derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.7MderivedHNW RAUM over HNW clients
- Average account
- $401,831derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 3.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 0.8derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +31%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +4.4%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
- Custody
- $34.8M, 21 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$112M70%
- Individuals$42.6M27%
- Pension and profit-sharing plans$5.6M3.5%
- Individual clients
- 102reported
- HNW clients
- 41reported
- Pension plan clients
- n/areported
- Charitable clients
- 0reported
- Accounts
- 399reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- $34.8M for 21 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.96 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| B•••••• L• S•••••• | Gaithersburg, Md | Sep 24, 2015 | 15 y | 1 |
| A••••• W•••••• P•••••••Certified Financial Planner | Gaithersburg, Md | Feb 14, 2018 | 20 y | 2 |
| A••••• R••• P••••••••• | Gaithersburg, Md | Dec 16, 2021 | 10 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
- I•• T••••• M••••••• to C••••• F•••• I••••••••• M••••••••• L••Jan 30, 2019 · RIA to RIA
- R••••• B•••• H••••• to P••••••• S•••••••• G••••• L••Aug 7, 2017 · Other
- J••• D••••• E•••••• to O•••• F•• I•••Apr 10, 2017 · Other
Joined, latest
- I•• T••••• M••••••• from F•• W••••• P•••••••Nov 27, 2018 · RIA to RIA
- R••••• B•••• H••••• from O•••• F•• I•••Jun 5, 2017 · Other
- J••• D••••• E•••••• from S••••••• P•••••••Mar 13, 2017 · Other
- B•••••• L• S•••••• from O•••• F•• I•••Sep 24, 2015 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- S••••••• B••••••• L• · Principal, Chief Compliance Officer, Membercontrolsince 08/2015 · owns 75% or more
Related persons
Schedule D 7.A
- O•••• B••••• W••••• L••investment advisernRAUM $34.8M
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Gaithersburg, Md · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Palm Beach Gardens, FL1 employees
- , 1 employees
What changed
consecutive filings, newest first
- Financial planning clients · 11-25 to 11-25Jul 21, 2026 to Sep 9, 2026
- Other offices · 2 to 3Jul 21, 2026 to Sep 9, 2026
- Succession · false to unsetJul 21, 2026 to Sep 9, 2026
- Other offices · 3 to 2Mar 3, 2026 to Apr 28, 2026
- Pension RAUM · $4.5M to $5.6MJan 29, 2026 to Mar 3, 2026
- RAUM · $122M to $160MJan 29, 2026 to Mar 3, 2026
- Accounts · 390 to 399Jan 29, 2026 to Mar 3, 2026
- HNW clients · 36 to 41Jan 29, 2026 to Mar 3, 2026
- Individual clients · 101 to 102Jan 29, 2026 to Mar 3, 2026
- Assets in custody · $30.2M to $34.8MJan 29, 2026 to Mar 3, 2026
- Discretionary RAUM · $113M to $156MJan 29, 2026 to Mar 3, 2026
- HNW RAUM · $82.1M to $112MJan 29, 2026 to Mar 3, 2026
- Individual RAUM · $35.4M to $42.6MJan 29, 2026 to Mar 3, 2026
- Non-discretionary RAUM · $9.4M to $4.6MJan 29, 2026 to Mar 3, 2026
- Assets in custody · $3.0M to $30.2MMar 25, 2025 to Jun 10, 2025
- Financial planning clients · 11-25 to 11-25Mar 25, 2025 to Jun 10, 2025
- Accounts · 402 to 390Dec 20, 2024 to Mar 25, 2025
- Advisory activities · 4 to 5Dec 20, 2024 to Mar 25, 2025
- HNW clients · 32 to 36Dec 20, 2024 to Mar 25, 2025
- Individual clients · 149 to 101Dec 20, 2024 to Mar 25, 2025
- Assets in custody · $34.5M to $3.0MDec 20, 2024 to Mar 25, 2025
- Discretionary RAUM · $104M to $113MDec 20, 2024 to Mar 25, 2025
- HNW RAUM · $68.7M to $82.1MDec 20, 2024 to Mar 25, 2025
- Individual RAUM · $39.6M to $35.4MDec 20, 2024 to Mar 25, 2025
- Non-discretionary RAUM · $8.2M to $9.4MDec 20, 2024 to Mar 25, 2025
- Pension RAUM · $3.9M to $4.5MDec 20, 2024 to Mar 25, 2025
- RAUM · $112M to $122MDec 20, 2024 to Mar 25, 2025
- Other offices · 1 to 3Aug 16, 2024 to Sep 30, 2024
Signals
1 dated events
- S•••••• W••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Aug 16, 2024 · ria f•••• adv filing · 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 email
- info@shermanwealth.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 240-428-1622reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/sherman-wealth-managementreportedpublic record, Form ADV, Sep 18, 2026
- Website
- S••••••WEALTH.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (240) 428-1622reportedpublic record, Form ADV, Sep 9, 2026
- Contact form
- shermanwealth.com/contactreportedpublished 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
- $53.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026