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

Balboa Wealth Partners, Inc.

Independent wealth managerScottsdale, ArizonaCRD 282329SEC 801-107029websiteIAPD
Latest filing Sep 8, 2026
First filing on the tape Dec 3, 2015 · 51 filings
SEC status approved since Dec 11, 2015
RAUM
$1.1B
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
98%
$1.1B individuals and HNW
Advisors
27
registered through the firm on IAPD
RAUM per advisor
$39.6M
derived; firm RAUM over IAPD count
Employees
37
26 advisory (5.B.1)
Offices
7
beyond the principal office
Private funds
0
reported on Schedule D
History
51 filings and snapshots on the tape
RAUM$1.1B as of Aug 21, 2026
Mar 23, 2017$367M then
HNW client RAUM$828M as of Aug 21, 2026
Mar 19, 2019$92.1M then
State-registered IARs (5.B.3)26 as of Aug 21, 2026
Mar 30, 20162 then
Employees (5.A)37 as of Aug 21, 2026
Mar 30, 20162 then
Private funds: no history
RAUM +33% over the last fiscal year+32% a year over threeIARs 23 to 26offices 8 to 7
Practice profile
derived from the filing of Sep 8, 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
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
RAUM per advisor
$39.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
40derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.2MderivedHNW RAUM over HNW clients
Average account
$408,056derivedRAUM over accounts (5.F.2.f)
Discretionary
98%derivedof RAUM
Institutional
1.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.4derivedItem 5.A over advisors
Advisors per office
3.4derived8 offices incl. principal (1.F.5)
RAUM growth, one year
+33%derivedbetween the last two annual amendments
Advisor growth, one year
+8.7%derivedItem 5.B.3 between annual amendments
Client growth, one year
+6.2%derived
Compensation
percentage of assets, hourly, subscription, performance-basedreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
Wrap fee program
$15.7MreportedItem 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
  • 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)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$828M77%
  • Individuals$225M21%
  • Corporations and businesses$6.5M0.6%
  • Charitable organizations$5.5M0.5%
  • Pension and profit-sharing plans$4.9M0.5%
Individual clients
822reported
HNW clients
262reported
Pension plan clients
33reported
Charitable clients
n/areported
Accounts
2,623reported
Financial planning clients
1-10reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUM, hourly, performancereported
Class basis
private_client_share=0.98 fund_share=0.0 institutional_share=0.01 related_bd= related_bank= bd_reps=3.0derived
Advisors registered through the firm
27 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Jeffrey Alan GilbertScottsdale, AzFeb 1, 201635 y5
Thomas Joseph BreslinScottsdale, Az Apr 20, 201627 y3
Kozen Edward TsukamotoPayson, Az Sep 6, 201624 y1
Richard Brooks BrydgesNewport Beach, Ca Dec 4, 201730 y8
John VilinaNewport Beach, Ca Feb 8, 201810 y0
David Matthew MowadScottsdale, Az Mar 10, 202131 y1
Richard Joseph RockNewport Beach, Ca Aug 26, 202130 y2
Gregory Scott HermesScottsdale, Az Feb 10, 202230 y4
Duane Kevin ShumakerCertified Financial PlannerTucson, Az Feb 11, 202230 y4
Ryan Christopher RobinsonScottsdale, Az Feb 11, 202221 y1
Enedina Marie MoralesScottsdale, Az Sep 13, 202211 y0
John William RobisonScottsdale, AzJul 21, 202312 y1
Richard Anthony RivaScottsdale, Az May 1, 202433 y4
John Sloan ArensLong Beach, Ca May 8, 202411 y1
Patrick James BrazellEncinitas, Ca Jun 3, 202412 y0
Joseph Anthony GaninoEncinitas, Ca Jul 16, 202413 y0
Michael Raymond FragerChartered Financial ConsultantScottsdale, Az Aug 21, 202442 y5
Cheryl Jean GruetzmacherEncinitas, Ca Aug 21, 202420 y4
Joshua Christopher BlissScottsdale, Az Nov 19, 202421 y7
Rodolfo RodriguezSan Diego, Ca Jan 2, 202522 y1
Michael George BagleyScottsdale, AzJan 28, 202515 y0
John Gregory DayCertified Financial Planner, Chartered Financial ConsultantNewport Beach, Ca Mar 27, 202526 y1
Paul OhNewport Beach, Ca Oct 8, 202515 y3
Lesa Renee SkarlotScottsdale, AzOct 14, 202534 y0
Michael Gerard SantoroScottsdale, AzNov 14, 202536 y6
Gerald William ZelkoScottsdale, Az Jan 1, 202629 y2
Sandra Jessica GoinsCertified Financial PlannerScottsdale, Az Apr 30, 202619 y6
Advisor movement
0 left, 4 joined in 12 months
net +4 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Alan Jeffrey Gilbert · President & Chief Compliance Officercontrol
      since 03/2016 · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Advisers that list Balboa Wealth Partners, Inc. as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Scottsdale, Az · principal2750
    Newport Beach, Ca930
    Encinitas, Ca300
    Tucson, Az300
    La Jolla, Ca200
    Offices
    Schedule D 1.F, the 25 largest
    • Newport Beach, CA6 employees
    • Tuscon, AZ3 employees
    • Encinitas, CA1 employees
    • La Jolla, CA1 employees
    • Payson, AZ1 employees
    • , 1 employees
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • HNW share shiftChange between filings · filing Mar 23, 2026
      HNW share of RAUM moved from 44.0% to 77.0% between the annual amendments of 2025-04-29 and 2026-03-23
      peers: independent wealth managers, $1B to $5B (1,362)
    How anomalies are measured
    What changed
    consecutive filings, newest first
    • Financial planning clients · 1-10 to 1-10
      Aug 21, 2026 to Sep 8, 2026
    • Related adviser · false to unset
      Aug 21, 2026 to Sep 8, 2026
    • Related bank · false to unset
      Aug 21, 2026 to Sep 8, 2026
    • Related broker-dealer · false to unset
      Aug 21, 2026 to Sep 8, 2026
    • Related insurance company · false to unset
      Aug 21, 2026 to Sep 8, 2026
    • Succession · false to unset
      Aug 21, 2026 to Sep 8, 2026
    • Advisory employees · 25 to 26
      Jul 8, 2026 to Aug 21, 2026
    • BD registered reps · 2 to 3
      Jul 8, 2026 to Aug 21, 2026
    • Employees · 36 to 37
      Jul 8, 2026 to Aug 21, 2026
    • State-registered IARs · 25 to 26
      Jul 8, 2026 to Aug 21, 2026
    • Accounts · 2,416 to 2,623
      Jan 7, 2026 to Mar 23, 2026
    • Advisory employees · 23 to 25
      Jan 7, 2026 to Mar 23, 2026
    • BD registered reps · 3 to 2
      Jan 7, 2026 to Mar 23, 2026
    • Corporate clients · 19 to 10
      Jan 7, 2026 to Mar 23, 2026
    • HNW clients · 166 to 262
      Jan 7, 2026 to Mar 23, 2026
    • Individual clients · 866 to 822
      Jan 7, 2026 to Mar 23, 2026
    • Pension plan clients · 70 to 33
      Jan 7, 2026 to Mar 23, 2026
    • Employees · 31 to 36
      Jan 7, 2026 to Mar 23, 2026
    • Financial planning clients · 51-100 to 1-10
      Jan 7, 2026 to Mar 23, 2026
    • State-registered IARs · 23 to 25
      Jan 7, 2026 to Mar 23, 2026
    • Other offices · 8 to 7
      Jan 7, 2026 to Mar 23, 2026
    • Discretionary RAUM · $1.0B to $1.0B
      Jan 7, 2026 to Mar 23, 2026
    • HNW RAUM · $490M to $828M
      Jan 7, 2026 to Mar 23, 2026
    • Individual RAUM · $358M to $225M
      Jan 7, 2026 to Mar 23, 2026
    • Non-discretionary RAUM · $24.5M to $24.7M
      Jan 7, 2026 to Mar 23, 2026
    • Pension RAUM · $152M to $4.9M
      Jan 7, 2026 to Mar 23, 2026
    • RAUM · $1.0B to $1.1B
      Jan 7, 2026 to Mar 23, 2026
    • Accounts · 2,068 to 2,416
      Jul 18, 2025 to Jan 7, 2026
    • Corporate clients · unset to 19.0
      Jul 18, 2025 to Jan 7, 2026
    • HNW clients · 117 to 166
      Jul 18, 2025 to Jan 7, 2026
    • Individual clients · 904 to 866
      Jul 18, 2025 to Jan 7, 2026
    • Pension plan clients · 11 to 70
      Jul 18, 2025 to Jan 7, 2026
    • Discretionary RAUM · $785M to $1.0B
      Jul 18, 2025 to Jan 7, 2026
    • HNW RAUM · $351M to $490M
      Jul 18, 2025 to Jan 7, 2026
    • Individual RAUM · $434M to $358M
      Jul 18, 2025 to Jan 7, 2026
    • Non-discretionary RAUM · $19.3M to $24.5M
      Jul 18, 2025 to Jan 7, 2026
    • Pension RAUM · $5.3M to $152M
      Jul 18, 2025 to Jan 7, 2026
    • RAUM · $805M to $1.0B
      Jul 18, 2025 to Jan 7, 2026
    • Financial planning clients · 51-100 to 51-100
      Apr 29, 2025 to Jul 18, 2025
    • Accounts · 2,005 to 2,068
      Aug 20, 2024 to Apr 29, 2025
    Signals
    8 dated events
    • Balboa Wealth Partners, Inc. reported RAUM $1.0B, up 29% from $804.8M (2025-07-18 to 2026-01-07)
      Jan 7, 2026 · RAUM change · derived
    • Jeremy Dean Tate left Balboa Wealth Partners, Inc. for Tate Capital Group (registered 2024-09-19)
      Nov 7, 2024 · Advisor changed firm · fact
    • Balboa Wealth Partners, Inc. reported RAUM $661.0M, up 41% from $469.1M (2023-10-27 to 2024-02-08)
      Feb 8, 2024 · RAUM change · derived
    • Mark Thomas Zielinski left Balboa Wealth Partners, Inc. for Fiduciary Architects Llc (registered 2025-04-18)
      Jun 30, 2022 · Advisor changed firm · fact
    • Balboa Wealth Partners, Inc. reported RAUM $513.0M, up 122% from $231.5M (2021-03-24 to 2022-03-23)
      Mar 23, 2022 · RAUM change · derived
    • 3 advisors left First Financial Equity Corporation (Tucson, AZ) for Balboa Wealth Partners, Inc. on the same day
      Feb 14, 2022 · Team lift-out · derived
    • Balboa Wealth Partners, Inc. reported RAUM $141.3M, down 63% from $377.6M (2018-12-10 to 2019-03-19)
      Mar 19, 2019 · RAUM change · derived
    • Balboa Wealth Partners, Inc. filed its initial SEC registration (Form ADV)
      Dec 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.
    How to reach
    public business contact points only, each with its source
    Firm profile
    linkedin.com/company/balboa-wealth-partners-inc-reportedpublic record, Form ADV, Sep 18, 2026
    Website
    gregoryday.comreportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    480-801-5010reportedpublic record, Form ADV, Sep 8, 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
    $39.6Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026