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

Thrive Capital Management, LLC

Independent wealth managerFort Washington, PennsylvaniaCRD 281347SEC 801-119936websiteIAPD
Latest filing Jun 26, 2026
First filing on the tape Nov 6, 2020 · 20 filings
SEC status approved since Dec 7, 2020
RAUM
$657M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$654M individuals and HNW
Advisors
16
registered through the firm on IAPD
RAUM per advisor
$41.0M
derived; firm RAUM over IAPD count
Employees
26
13 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$657M as of Jun 26, 2026
Mar 26, 2021$147M then
HNW client RAUM$435M as of Jun 26, 2026
Mar 26, 2021$39.7M then
State-registered IARs (5.B.3)13 as of Jun 26, 2026
Mar 26, 20219 then
Employees (5.A)26 as of Jun 26, 2026
Mar 26, 202115 then
Private funds: no history
RAUM +65% over the last fiscal year+39% a year over threeIARs 13 to 13
Practice profile
derived from the filing of Jun 26, 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
$41.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
49derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.2MderivedHNW RAUM over HNW clients
Average account
$293,190derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.6derivedItem 5.A over advisors
Advisors per office
4.0derived4 offices incl. principal (1.F.5)
RAUM growth, one year
+65%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+33%derived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisers, educational seminarsreportedItem 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 an insurance broker or agent (6.A.6)
  • 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)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$435M66%
  • Individuals$218M33%
  • Corporations and businesses$3.1M0.5%
Individual clients
584reported
HNW clients
199reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2,240reported
Financial planning clients
251-500reported
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=0.0derived
Advisors registered through the firm
16 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
David BezarFort Washington, PaOct 13, 201534 y0
Bret Thomas ElamFort Washington, PaFeb 20, 201727 y0
Jordan Eliot CohenFort Washington, PaJul 10, 201821 y0
Jeffrey Richard WalkerFort Washington, PaJul 26, 201924 y7
Christopher Joseph BakFort Washington, PaOct 6, 202012 y3
Matthew HarrisonFort Washington, PaAug 11, 202315 y3
Christian Joseph AbrahamFort Washington, PaOct 19, 202315 y4
Randi Hillary LeeseFort Washington, PaMar 28, 202423 y0
Richard Alan ParrettCertified Financial PlannerFort Washington, PaJun 6, 202436 y3
Adam BurgFort Washington, PaJun 6, 202423 y2
Sean DebarberieCertified Financial Planner, Chartered Financial ConsultantFort Washington, PaAug 7, 202415 y1
Michael Lewis AbbottCertified Financial PlannerClearwater, Fl Feb 13, 202610 y4
Jacob Andrew StinsonOdessa, Fl Jun 25, 202611 y4
Michael A PerriNew Fairfield, Ct Jun 26, 202616 y8
Eric James CasselFort Washington, PaAug 4, 202612 y3
Joseph Anthony FitzpatrickFort Washington, PaAug 27, 202614 y0
Advisor movement
3 left, 4 joined in 12 months
net +1 in 12 months0 left in 90 days3 joined in 90 daysdeparture rate 19% of current headcount9 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Joseph Christopher Bak · Director Of Investment Operationscontrol
    since 02/2021 · owns less than 5%
  • David Bezar · Managing Directorcontrol
    since 08/2018 · owns less than 5%
  • Lee Karen Bezar · Managing Partnercontrol
    since 09/2018 · owns less than 5%
  • Thomas Bret Elam · Managing Partnercontrol
    since 09/2018 · owns less than 5%
  • David Bezar · Ownercontrol
    since 06/2021 · owns 50% to 75% of Wealth Partners, Inc.
  • Lee Karen Bezar · Ownercontrol
    since 06/2021 · owns 50% to 75% of Wealth Partners, Inc.
  • Thomas Bret Elam · Ownercontrol
    since 12/2015 · owns 75% or more of Bhnnd Enterprises, LLC
  • Disbrow Ian Meiksins · Chief Compliance Officer
    since 10/2023 · owns less than 5%
Entity owners
  • Bhnnd Enterprises, LLC · Owner
    indirect · owns 50% to 75% of Thrive Holdings, LLC
  • Wealth Partners, Inc. · Owner
    indirect · owns 50% to 75% of Thrive Holdings, LLC
  • Thrive Holdings, LLC · 100% Owner
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • Thrive Financial Services
    real estaten
  • Thrive Insurance Group
    real estaten
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Fort Washington, Pa · principal1653
Offices
Schedule D 1.F, the 25 largest
  • Exton, PA4 employees
  • Cherry Hill, NJ3 employees
  • Yardley, PA2 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • RAUM up 50 %Change between filings · filing Mar 30, 2026
    RAUM (Item 5.F) moved from $397,680,145 to $656,745,095 (+65.0%) between the annual amendments of 2025-03-26 and 2026-03-30; the peer median change was +16.0% (1386 comparable advisers, 96.0th percentile of changes)
    peers: independent wealth managers, $500M to $1B (1,386) · 96% percentile
How anomalies are measured
What changed
consecutive filings, newest first
  • Accounts · 2,494 to 2,240
    Jan 8, 2026 to Mar 30, 2026
  • Corporate clients · 5 to 3
    Jan 8, 2026 to Mar 30, 2026
  • HNW clients · 103 to 199
    Jan 8, 2026 to Mar 30, 2026
  • Individual clients · 486 to 584
    Jan 8, 2026 to Mar 30, 2026
  • Discretionary RAUM · $398M to $657M
    Jan 8, 2026 to Mar 30, 2026
  • HNW RAUM · $216M to $435M
    Jan 8, 2026 to Mar 30, 2026
  • Individual RAUM · $180M to $218M
    Jan 8, 2026 to Mar 30, 2026
  • RAUM · $398M to $657M
    Jan 8, 2026 to Mar 30, 2026
  • Financial planning clients · 251-500 to 251-500
    Mar 26, 2025 to Jul 14, 2025
  • Accounts · 1,829 to 2,494
    Mar 26, 2024 to Mar 26, 2025
  • Corporate clients · unset to 5.0
    Mar 26, 2024 to Mar 26, 2025
  • HNW clients · 87 to 103
    Mar 26, 2024 to Mar 26, 2025
  • Individual clients · 868 to 486
    Mar 26, 2024 to Mar 26, 2025
  • Employees · 29 to 26
    Mar 26, 2024 to Mar 26, 2025
  • Discretionary RAUM · $393M to $398M
    Mar 26, 2024 to Mar 26, 2025
  • HNW RAUM · $175M to $216M
    Mar 26, 2024 to Mar 26, 2025
  • Individual RAUM · $218M to $180M
    Mar 26, 2024 to Mar 26, 2025
  • RAUM · $393M to $398M
    Mar 26, 2024 to Mar 26, 2025
  • Accounts · 1,346 to 1,829
    Nov 20, 2023 to Mar 26, 2024
  • Advisory employees · 10 to 13
    Nov 20, 2023 to Mar 26, 2024
  • HNW clients · 49 to 87
    Nov 20, 2023 to Mar 26, 2024
  • Individual clients · 683 to 868
    Nov 20, 2023 to Mar 26, 2024
  • Employees · 25 to 29
    Nov 20, 2023 to Mar 26, 2024
  • Financial planning clients · 0 to 251-500
    Nov 20, 2023 to Mar 26, 2024
  • State-registered IARs · 10 to 13
    Nov 20, 2023 to Mar 26, 2024
  • Discretionary RAUM · $245M to $393M
    Nov 20, 2023 to Mar 26, 2024
  • HNW RAUM · $86.1M to $175M
    Nov 20, 2023 to Mar 26, 2024
  • Individual RAUM · $159M to $218M
    Nov 20, 2023 to Mar 26, 2024
  • RAUM · $245M to $393M
    Nov 20, 2023 to Mar 26, 2024
  • Accounts · 1,074 to 1,346
    Jan 5, 2023 to Mar 23, 2023
  • Advisory employees · 12 to 10
    Jan 5, 2023 to Mar 23, 2023
  • HNW clients · 42 to 49
    Jan 5, 2023 to Mar 23, 2023
  • Individual clients · 555 to 683
    Jan 5, 2023 to Mar 23, 2023
  • Employees · 20 to 25
    Jan 5, 2023 to Mar 23, 2023
  • Financial planning clients · 1-10 to 0
    Jan 5, 2023 to Mar 23, 2023
  • State-registered IARs · 13 to 10
    Jan 5, 2023 to Mar 23, 2023
  • Discretionary RAUM · $208M to $245M
    Jan 5, 2023 to Mar 23, 2023
  • HNW RAUM · $75.3M to $86.1M
    Jan 5, 2023 to Mar 23, 2023
  • Individual RAUM · $133M to $159M
    Jan 5, 2023 to Mar 23, 2023
  • RAUM · $208M to $245M
    Jan 5, 2023 to Mar 23, 2023
Signals
20 dated events
  • Thrive Capital Management, Llc reported RAUM $656.7M, up 65% from $397.7M (2026-01-08 to 2026-03-30)
    Mar 30, 2026 · RAUM change · derived
  • Malgorzata Guziak left Thrive Capital Management, Llc for Oasis Wealth Planning Advisors (registered 2026-01-21)
    Jan 8, 2026 · Advisor changed firm · fact
  • Andrew Michael Stephens left Thrive Capital Management, Llc for Proper Financial, Llc (registered 2026-01-08)
    Nov 3, 2025 · Advisor changed firm · fact
  • Kimberly Beth Thomas left Thrive Capital Management, Llc for Muntz Financial, Llc (registered 2025-09-26)
    Oct 1, 2025 · Advisor changed firm · fact
  • David John Badecki left Thrive Capital Management, Llc for Orion Financial Advisors (registered 2024-05-28)
    Apr 26, 2024 · Advisor changed firm · fact
  • Grant Stephen Frederick left Thrive Capital Management, Llc for Proper Financial, Llc (registered 2024-04-18)
    Apr 17, 2024 · Advisor changed firm · fact
  • Thrive Capital Management, Llc reported RAUM $392.8M, up 61% from $244.7M (2023-11-20 to 2024-03-26)
    Mar 26, 2024 · RAUM change · derived
  • Erik Richard Schuster left Thrive Capital Management, Llc for Proper Financial, Llc (registered 2024-03-26)
    Mar 18, 2024 · Advisor changed firm · fact
  • Dennis John Keyser left Thrive Capital Management, Llc for Lpl Financial Llc (registered 2024-03-06)
    Feb 28, 2024 · Advisor changed firm · fact
  • Matthew Stroud Hellebusch left Thrive Capital Management, Llc for Portfolio Medics, Llc (registered 2024-09-09)
    Dec 4, 2023 · Advisor changed firm · fact
  • Mandy Sue Snider left Thrive Capital Management, Llc for Fidelity Personal And Workplace Advisors (registered 2023-11-30)
    Oct 3, 2023 · Advisor changed firm · fact
  • Joseph Christopher Bak (Director Of Investment Operations) appeared on Schedule A of Thrive Capital Management, Llc
    Sep 20, 2023 · Control person joined · fact
  • Joseph Christopher Bak (Chief Compliance Officer) no longer on Schedule A of Thrive Capital Management, Llc (listed 2023-03-23, absent 2023-08-30)
    Aug 30, 2023 · Control person left · inference
  • Bryan J Britchkow left Thrive Capital Management, Llc for Osaic Wealth, Inc. (registered 2023-11-14)
    Jun 8, 2023 · Advisor changed firm · fact
  • Chad Ian Akselrad left Thrive Capital Management, Llc for Charles Schwab & Co., Inc. (registered 2022-10-21)
    Sep 28, 2022 · Advisor changed firm · fact
  • Joseph William Waterloo left Thrive Capital Management, Llc for Janney Montgomery Scott Llc (registered 2022-12-08)
    Sep 19, 2022 · Advisor changed firm · fact
  • Ryan Thomas Kelly left Thrive Capital Management, Llc for Ameriprise Financial Services, Llc (registered 2022-08-18)
    Jul 26, 2022 · Advisor changed firm · fact
  • E Margaret Rahill (Chief Compliance Officer) no longer on Schedule A of Thrive Capital Management, Llc (listed 2020-11-13, absent 2021-03-26)
    Mar 26, 2021 · Control person left · inference
  • Joseph Christopher Bak (Chief Compliance Officer) appeared on Schedule A of Thrive Capital Management, Llc
    Mar 26, 2021 · Control person joined · fact
  • Thrive Capital Management, Llc filed its initial SEC registration (Form ADV)
    Nov 6, 2020 · 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
Website
meetthrive.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
800-516-5861reportedpublic record, Form ADV, Jun 26, 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
$41.0Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026