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
Addicus Advisory, LLC
Latest filing Jun 30, 2026
First filing on the tape Aug 27, 2021 · 16 filings
SEC status approved since Sep 27, 2021
RAUM
$222M
reported, Item 5.F
Discretionary
48%
of RAUM
Private clients
52%
$115M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$55.4M
derived; firm RAUM over IAPD count
Employees
35
21 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
41
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$222M as of Jun 30, 2026
Mar 31, 2022$147M then
HNW client RAUM$115M as of Jun 30, 2026
Mar 31, 2022$132M then
State-registered IARs (5.B.3)4 as of Jun 30, 2026
Mar 31, 20225 then
Employees (5.A)35 as of Jun 30, 2026
Mar 31, 202231 then
Private funds41 as of Jun 30, 2026
Mar 31, 202226 then
RAUM -18% over the last fiscal year+15% a year over threeIARs 3 to 4offices 2 to 1
Practice profile
derived from the filing of Jun 30, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- RIA with heavy alternatives · a wealth manager whose private fund gross assets are at least 25 percent of RAUM, or five or more private funds
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $55.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.3MderivedHNW RAUM over HNW clients
- Average account
- $1.7MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 48%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 8.8derivedItem 5.A over advisors
- Advisors per office
- 2.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -2.9%derivedbetween the last two annual amendments
- Advisor growth, one year
- +67%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisers, otherreportedItem 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)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$115M52%
- Pooled investment vehicles$106M48%
- Individual clients
- n/areported
- HNW clients
- 91reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 133reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.52 fund_share=0.48 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Ryan Seth Kelly | Oxford, Ms | Feb 6, 2025 | 11 y | 0 |
| Samuel Hardage Webb | Tupelo, Ms | Feb 7, 2025 | 10 y | 0 |
| Andrew B Adams | Tupelo, Ms | Jan 1, 2026 | 23 y | 4 |
| Stephen Davis MilesCertified Financial Planner, Chartered Financial Consultant | Tupelo, Ms | Jan 1, 2026 | 27 y | 2 |
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount2 left over 36 months
Left, latest
- Michael Scott Berry to Apricity Financial, LLCMar 4, 2024 · RIA to RIA
- Randy Long to Apricity Financial, LLCFeb 27, 2024 · RIA to RIA
- Alex Justin Holliman to Silver Oak Securities, Inc.Sep 22, 2017 · RIA to affiliated broker-dealer or bank
Joined, latest
- Andrew B Adams from Invest Financial CorporationJan 1, 2026 · Other
- Stephen Davis Miles from Invest Financial CorporationJan 1, 2026 · Other
- Michael Scott Berry from Msf Investment Advisory LLC.Feb 8, 2022 · Other
- Alex Justin Holliman from LPL Financial LLCDec 6, 2016 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Invest Financial CorporationDec 6, 2016 · Jackson, Ms
Private funds
44 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Cypress Vieux Investors, LLC | Real Estate Fund | $13.0M | 0 | Mar 29, 2024 |
| Mysa Hospitality Fund, LLC | Real Estate Fund | $11.0M | 31 | Apr 26, 2023 |
| Crescent Flat Investors, LLC | Real Estate Fund | $10.3M | 0 | Mar 29, 2024 |
| Ambling Investments III, LLC | Real Estate Fund | $9.0M | 60 | Apr 26, 2023 |
| Spring Creek Investors, LLC | Real Estate Fund | $8.9M | 0 | Mar 29, 2024 |
| Prime Properties Fund I, LLC | Real Estate Fund | $7.7M | 25 | Mar 31, 2022 |
| Ambling Investments II, LLC | Real Estate Fund | $5.2M | 35 | Aug 27, 2021 |
| 222 Loyola Investors Qof, LLC | Real Estate Fund | $4.3M | 29 | Mar 31, 2022 |
| Consortium Energy Fund II, LP | Real Estate Fund | $3.8M | 0 | Mar 29, 2024 |
| Genysis Venture Fund, LLC | Real Estate Fund | $3.1M | 13 | Apr 26, 2023 |
| Consortium Energy Fund, LLC | Real Estate Fund | $2.9M | 28 | Apr 26, 2023 |
| Kinder Reserve Investors, LLC | Real Estate Fund | $2.4M | 42 | Aug 27, 2021 |
| Nolin Sands Investors, LLC | Real Estate Fund | $2.1M | 121 | Mar 31, 2022 |
| Hart Sands Investors, LLC | Real Estate Fund | $1.9M | 46 | Mar 31, 2023 |
| Canard Clay Investors, LLC | Real Estate Fund | $1.9M | 48 | Mar 31, 2023 |
| Ambling Investments, LLC | Real Estate Fund | $1.9M | 15 | Aug 27, 2021 |
| Maple Hill Investors, LLC | Real Estate Fund | $1.8M | 110 | Mar 31, 2023 |
| Spring Valley Investors, LLC | Real Estate Fund | $1.8M | 2 | Mar 31, 2023 |
| Lagniappe Clay Investors, LLC | Real Estate Fund | $1.8M | 1 | Apr 26, 2023 |
| Piedmont Solar Investors, LLC | Real Estate Fund | $1.8M | 120 | Mar 31, 2022 |
| Woodbury Solar Investors, LLC | Real Estate Fund | $1.7M | 91 | Mar 31, 2022 |
| Grand Clay Investors, LLC | Real Estate Fund | $1.5M | 25 | Mar 31, 2023 |
| Net Lease Properties Fund I, LLC | Real Estate Fund | $1.4M | 23 | Aug 27, 2021 |
| Acadiana Clay Investors, LLC | Real Estate Fund | $1.4M | 84 | Mar 31, 2023 |
| Clark Range Investors, LLC | Real Estate Fund | $1.3M | 17 | Mar 31, 2022 |
| Falling Water Investors, LLC | Real Estate Fund | $1.3M | 32 | Mar 31, 2022 |
| Stokes Plateau Investors, LLC | Real Estate Fund | $1.2M | 57 | Mar 31, 2022 |
| Davis Clay Investors, LLC | Real Estate Fund | $1.2M | 36 | Mar 31, 2023 |
| Sabine Clay Investors, LLC | Real Estate Fund | $1.2M | 54 | Aug 27, 2021 |
| River Birch Investments, LLC | Real Estate Fund | $1.1M | 62 | Aug 27, 2021 |
| Sc Coastal Properties, LLC | Real Estate Fund | $1.1M | 15 | Aug 27, 2021 |
| Allen Pines Investors, LLC | Real Estate Fund | $1.0M | 71 | Aug 27, 2021 |
| Cumberland Gap Investors, LLC | Real Estate Fund | $1.0M | 39 | Aug 27, 2021 |
| Big Creek Investors, LLC | Real Estate Fund | $1.0M | 92 | Aug 27, 2021 |
| Cypress East Investors, LLC | Real Estate Fund | $937,606 | 57 | Aug 27, 2021 |
| Breakwater Investments, LLC | Real Estate Fund | $933,840 | 60 | Aug 27, 2021 |
| Avery Trace Investors, LLC | Real Estate Fund | $835,136 | 71 | Aug 27, 2021 |
| Bee Rock Investors, LLC | Real Estate Fund | $824,577 | 78 | Aug 27, 2021 |
| Glasswrx Beaufort Qof, LLC | Real Estate Fund | $718,549 | 25 | Apr 26, 2023 |
| Silas Mine Investments, LLC | Real Estate Fund | $642,517 | 66 | Aug 27, 2021 |
Owners and control persons
Schedule A and B, latest filing
- B Andrew Adams · Ceo / Managing Partnercontrolsince 11/2015 · owns less than 5%
- Davis Stephen Miles · Chief Compliance Officer / Managing Directorcontrolsince 11/2015 · owns less than 5%
- B Andrew Adams · Membercontrolsince 11/2015 · owns 50% to 75% of Dynamic Business Strategies, Inc.
- Davis Stephen Miles · Membercontrolsince 11/2015 · owns 75% or more of Integrated Services Group, Inc.
Entity owners
- Addicus Holdings LLC · Managing Memberdirect · owns 75% or more
- Dynamic Business Strategies, Inc. · Ownerindirect · owns 25% to 50% of Addicus Holdings LLC
- Integrated Services Group, Inc. · Ownerindirect · owns 25% to 50% of Addicus Holdings LLC
Related persons
Schedule D 7.A
- 222 Loyola Qof Manager, LLCpooled vehicle sponsorn
- Acadiana Clay Manager, LLCpooled vehicle sponsorn
- Addicus Private Equity, LLCpooled vehicle sponsorn
- Addicus Risk Management, LLCreal estaten
- Allen Pines Manager, LLCpooled vehicle sponsorn
- Ambling Investments II Manager, LLCpooled vehicle sponsorn
- Ambling Investments III Manager, LLCpooled vehicle sponsorn
- Ambling Investments Manager, LLCpooled vehicle sponsorn
- Avery Trace Manager, LLCpooled vehicle sponsorn
- Bee Rock Manager, LLCpooled vehicle sponsorn
- Big Creek Manager, LLCpooled vehicle sponsorn
- Breakwater Management, LLCpooled vehicle sponsorn
- Canard Clay Manager, LLCpooled vehicle sponsorn
- Clark Range Manager, LLCpooled vehicle sponsorn
- Consortium Energy Fund Manager, LLCpooled vehicle sponsorn
- Cumberland Gap Manager, LLCpooled vehicle sponsorn
- Cypress East Management, LLCpooled vehicle sponsorn
- Davis Clay Manager, LLCpooled vehicle sponsorn
- Falling Water Manager, LLCpooled vehicle sponsorn
- Genysis Manager, LLCpooled vehicle sponsorn
- Glasswrx Beaufort Qof Manager, LLCpooled vehicle sponsorn
- Grand Clay Manager, LLCpooled vehicle sponsorn
- Hart Sands Manager, LLCpooled vehicle sponsorn
- Kinder Reserve Manager, LLCpooled vehicle sponsorn
- Lagniappe Clay Manager, LLCpooled vehicle sponsorn
- Maple Hill Manager, LLCpooled vehicle sponsorn
- Mysa Hospitalty Fund Manager, LLCpooled vehicle sponsorn
- Net Lease Properties Fund I Manager, LLCpooled vehicle sponsorn
- Nolin Sands Manager, LLCpooled vehicle sponsorn
- Piedmont Solar Manager, LLCpooled vehicle sponsorn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Tupelo, Ms · principal | 4 | 2 | 0 | ||
| Oxford, Ms | 3 | 1 | 0 | ||
| Newtown, Ct | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Oxford, MS1 employees
- , 1 employees
ADV anomalies
5 against comparable advisers; where to look, not conclusions
- many private funds relative to firm sizeStatic outlier · filing Jun 30, 2026private funds per $1B of RAUM of 184.9 against a peer median of 19.6 (92 comparable advisers, 100.0th percentile, 12.3 robust deviations)peers: independent wealth managers, $100M to $500M (92) · 100% percentile
- large related person networkStatic outlier · filing Jun 30, 2026related persons on Schedule D 7.A of 39.0 against a peer median of 4.0 (203 comparable advisers, 100.0th percentile, 23.6 robust deviations)peers: independent wealth managers, $100M to $500M (203) · 100% percentile
- account count collapseChange between filings · filing Mar 31, 2025accounts (Item 5.F.2.f) moved from 280.0 to 181.0 (-35.0%) between the annual amendments of 2024-03-29 and 2025-03-31; the peer median change was +5.0% (3688 comparable advisers, 5.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,688) · 4.6% percentile
- discretionary share shiftChange between filings · filing Mar 31, 2025discretionary share of RAUM moved from 95.0% to 45.0% between the annual amendments of 2024-03-29 and 2025-03-31peers: independent wealth managers, $100M to $500M (5,676)
- employee count dropChange between filings · filing Mar 31, 2025employees (Item 5.A) moved from 55.0 to 23.0 (-58.0%) between the annual amendments of 2024-03-29 and 2025-03-31; the peer median change was 0.0% (507 comparable advisers, 2.0th percentile of changes)peers: independent wealth managers, $100M to $500M (507) · 1.8% percentile
What changed
consecutive filings, newest first
- Accounts · 181 to 133Dec 12, 2025 to Jun 30, 2026
- Advisory employees · 12 to 21Dec 12, 2025 to Jun 30, 2026
- HNW clients · 142 to 91Dec 12, 2025 to Jun 30, 2026
- Pooled vehicle clients · 48 to 42Dec 12, 2025 to Jun 30, 2026
- Employees · 23 to 35Dec 12, 2025 to Jun 30, 2026
- Financial planning clients · 11-25 to 26-50Dec 12, 2025 to Jun 30, 2026
- State-registered IARs · 5 to 4Dec 12, 2025 to Jun 30, 2026
- Private funds · 47 to 41Dec 12, 2025 to Jun 30, 2026
- Discretionary RAUM · $130M to $106MDec 12, 2025 to Jun 30, 2026
- HNW RAUM · $144M to $115MDec 12, 2025 to Jun 30, 2026
- Non-discretionary RAUM · $144M to $115MDec 12, 2025 to Jun 30, 2026
- Pooled vehicle RAUM · $130M to $106MDec 12, 2025 to Jun 30, 2026
- RAUM · $275M to $222MDec 12, 2025 to Jun 30, 2026
- Private funds · 48 to 47Mar 31, 2025 to Dec 12, 2025
- Discretionary RAUM · $118M to $130MMar 31, 2025 to Dec 12, 2025
- Pooled vehicle RAUM · $118M to $130MMar 31, 2025 to Dec 12, 2025
- RAUM · $263M to $275MMar 31, 2025 to Dec 12, 2025
- Accounts · 280 to 181Mar 29, 2024 to Mar 31, 2025
- Advisory employees · 5 to 12Mar 29, 2024 to Mar 31, 2025
- HNW clients · 44 to 142Mar 29, 2024 to Mar 31, 2025
- Individual clients · 43.0 to unsetMar 29, 2024 to Mar 31, 2025
- Pension plan clients · 8.0 to unsetMar 29, 2024 to Mar 31, 2025
- Pooled vehicle clients · 44 to 48Mar 29, 2024 to Mar 31, 2025
- Assets in custody · 1989271.0 to unsetMar 29, 2024 to Mar 31, 2025
- Custody of client assets · true to falseMar 29, 2024 to Mar 31, 2025
- Employees · 55 to 23Mar 29, 2024 to Mar 31, 2025
- Financial planning clients · 26-50 to 11-25Mar 29, 2024 to Mar 31, 2025
- State-registered IARs · 3 to 5Mar 29, 2024 to Mar 31, 2025
- Other offices · 2 to 1Mar 29, 2024 to Mar 31, 2025
- Private funds · 44 to 48Mar 29, 2024 to Mar 31, 2025
- Discretionary RAUM · $257M to $118MMar 29, 2024 to Mar 31, 2025
- HNW RAUM · $124M to $144MMar 29, 2024 to Mar 31, 2025
- Individual RAUM · 15334806.0 to unsetMar 29, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $13.6M to $144MMar 29, 2024 to Mar 31, 2025
- Pension RAUM · 11522255.0 to unsetMar 29, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $120M to $118MMar 29, 2024 to Mar 31, 2025
- RAUM · $271M to $263MMar 29, 2024 to Mar 31, 2025
- Related insurance company · false to trueMar 29, 2024 to Mar 31, 2025
- Accounts · 331 to 280Nov 21, 2023 to Mar 29, 2024
- Advisory employees · 7 to 5Nov 21, 2023 to Mar 29, 2024
Signals
4 dated events
- Addicus Advisory, Llc reported RAUM $270.6M, up 106% from $131.6M (2023-11-21 to 2024-03-29)Mar 29, 2024 · RAUM change · derived
- Michael Scott Berry left Addicus Advisory, Llc for Apricity Financial, Llc (registered 2024-04-29)Mar 4, 2024 · Advisor changed firm · fact
- Randy Long left Addicus Advisory, Llc for Apricity Financial, Llc (registered 2024-08-05)Feb 27, 2024 · Advisor changed firm · fact
- Addicus Advisory, Llc filed its initial SEC registration (Form ADV)Aug 27, 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
- Website
- addicusadvisors.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 877-294-8658reportedpublic record, Form ADV, Jun 30, 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
- $55.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026
Across the graphs
Addicus Advisory, LLC is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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