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
Mulholland Wealth Advisors, LLC
Latest filing Apr 1, 2026
First filing on the tape Dec 16, 2015 · 28 filings
SEC status approved since Feb 4, 2016
RAUM
$612M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
1.0%
$6.3M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$204M
derived; firm RAUM over IAPD count
Employees
39
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$612M as of Apr 1, 2026
Mar 8, 2016$0 then
HNW client RAUM$201,581 as of Apr 1, 2026
Mar 31, 2022$14.4M then
State-registered IARs (5.B.3)2 as of Apr 1, 2026
Mar 8, 20162 then
Employees (5.A)39 as of Apr 1, 2026
Mar 8, 20162 then
Private funds: no history
RAUM +13% over the last fiscal year+25% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Apr 1, 2026; every figure names its basis
- RAUM per advisor
- $204MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 25derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $50,395derivedHNW RAUM over HNW clients
- Average account
- $4.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 13.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -91%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Other investment advisers$605M99%
- Individuals$6.1M1.0%
- High-net-worth individuals$201,5810.0%
- Individual clients
- 70reported
- HNW clients
- 4reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 141reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.01 fund_share=0.99 institutional_share=0.0 related_bd=false related_bank=false bd_reps=16.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Leslie Lynette Davis Schoenhofer | Overland Park, Ks | May 25, 2023 | 18 y | 3 |
| Aldo Lozano | Scottsdale, Az | Jun 29, 2023 | 31 y | 5 |
Advisor movement
4 left, 0 joined in 12 months
net -4 in 12 months4 left in 90 days0 joined in 90 daysdeparture rate 133% of current headcount4 left over 36 months
Left, latest
- Matthew J Lebo to Sequinox Wealth Management, LLCJul 17, 2026 · Other
- Teressa Dawn Beard to Sequinox Wealth Management, LLCJul 17, 2026 · Other
- Donald Wayne Lamison to Sequinox Wealth Management, LLCJul 17, 2026 · Other
- Joseph Daniel Wirbick to Sequinox Wealth Management, LLCJul 17, 2026 · Other
- Daniel Joseph Shearman to Edelman Financial EnginesAug 24, 2023 · RIA to RIA
- Shannon M Gallop to MML Investors Services, LLCJun 4, 2019 · Other
Joined, latest
- Aldo Lozano from Morgan StanleyJun 29, 2023 · Wirehouse to independent RIA
- Daniel Joseph Shearman from MarinerJun 1, 2023 · Affiliated broker-dealer or bank to independent RIA
- Leslie Lynette Davis Schoenhofer from Alphastar Capital ManagementMay 25, 2023 · RIA to RIA
- Donald Wayne Lamison from Highland Financial, Ltd.Apr 28, 2022 · Other
- Matthew J Lebo from J. W. Cole Advisors, Inc.Dec 18, 2020 · Other
- Teressa Dawn Beard from J. W. Cole Advisors, Inc.Dec 18, 2020 · Other
- Joseph Daniel Wirbick from Sequinox Wealth Advisors, LLC.Dec 17, 2020 · Other
- Shannon M Gallop from Redwood Investment Management, LLC.Mar 26, 2019 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 4 left for Sequinox Wealth Management, LLCJul 17, 2026 · Johnstown, Pa · Firm absorbed
- 2 joined from J. W. Cole Advisors, Inc.Dec 22, 2020 · Tampa, Fl
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Tze-Chun Michael Cheung · Portfolio Managercontrolsince 11/2017 · owns less than 5%
- Musser Richard Duff · Presidentcontrolsince 03/2015 · owns less than 5%
- Todd Michael Messinger · Chief Executive Officercontrolsince 12/2015 · owns less than 5%
- Chi Wai John Yung · Chief Compliance Officersince 05/2018 · owns less than 5%
Entity owners
- Mulholland Holdco LLC · Ownerdirect · owns 75% or more
- Garden State Investment Holdings, LLC · Ownerindirect · owns 25% to 50% of Mulholland Holdco LLC
- Mystic Pines Investment Holdings, LLC · Ownerindirect · owns 25% to 50% of Mulholland Holdco LLC
Related persons
Schedule D 7.A
- Redwood Investment Management, LLC.investment adviseryRAUM $2.5B
Advisers that list Mulholland Wealth Advisors, LLC as a related person
- 153139 y
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Scottsdale, Az · principal | 2 | 0 | 0 | ||
| Johnstown, Pa | 0 | 0 | 3 | ||
| Lancaster, Pa | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
6 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Apr 1, 2026private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $543,207,396 to $611,738,596, advisors 2 to 2, private clients 803 to 74, offices 0 to 0 (2025-03-31 to 2026-04-01)peers: asset managers, $500M to $1B (783)
- wealth to institutional shiftCombination · filing Apr 1, 2026private-client share fell 15 points or more while institutional share rose 15 points or more. RAUM $543,207,396 to $611,738,596, advisors 2 to 2, private clients 803 to 74, offices 0 to 0 (2025-03-31 to 2026-04-01)peers: asset managers, $500M to $1B (783)
- account count collapseChange between filings · filing Apr 1, 2026accounts (Item 5.F.2.f) moved from 1,435.0 to 141.0 (-90.0%) between the annual amendments of 2025-03-31 and 2026-04-01; the peer median change was +6.0% (11 comparable advisers, 0.0th percentile of changes)peers: asset managers, $500M to $1B (11) · 0.0% percentile
- client count collapseChange between filings · filing Apr 1, 2026individual and HNW clients (Item 5.D) moved from 803.0 to 74.0 (-91.0%) between the annual amendments of 2025-03-31 and 2026-04-01; the peer median change was -20.0% (3 comparable advisers, 0.0th percentile of changes)peers: asset managers, $500M to $1B (3) · 0.0% percentile
- client mix shiftChange between filings · filing Apr 1, 2026private-client share of RAUM moved from 26.0% to 1.0% between the annual amendments of 2025-03-31 and 2026-04-01peers: asset managers, $500M to $1B (783)
- institutional asset share shiftChange between filings · filing Apr 1, 2026institutional share of RAUM moved from 74.0% to 99.0% between the annual amendments of 2025-03-31 and 2026-04-01peers: asset managers, $500M to $1B (783)
What changed
consecutive filings, newest first
- Accounts · 1,435 to 141Mar 31, 2025 to Apr 1, 2026
- Advisory employees · 6 to 5Mar 31, 2025 to Apr 1, 2026
- BD registered reps · 6 to 16Mar 31, 2025 to Apr 1, 2026
- HNW clients · 58 to 4Mar 31, 2025 to Apr 1, 2026
- Individual clients · 745 to 70Mar 31, 2025 to Apr 1, 2026
- Employees · 31 to 39Mar 31, 2025 to Apr 1, 2026
- Discretionary RAUM · $543M to $612MMar 31, 2025 to Apr 1, 2026
- HNW RAUM · $44.0M to $201,581Mar 31, 2025 to Apr 1, 2026
- Individual RAUM · $97.9M to $6.1MMar 31, 2025 to Apr 1, 2026
- RAUM · $543M to $612MMar 31, 2025 to Apr 1, 2026
- Accounts · 1,211 to 1,435Mar 29, 2024 to Mar 31, 2025
- BD registered reps · 10 to 6Mar 29, 2024 to Mar 31, 2025
- HNW clients · 48 to 58Mar 29, 2024 to Mar 31, 2025
- Individual clients · 678 to 745Mar 29, 2024 to Mar 31, 2025
- Employees · 32 to 31Mar 29, 2024 to Mar 31, 2025
- Financial planning clients · 26-50 to 26-50Mar 29, 2024 to Mar 31, 2025
- Discretionary RAUM · $430M to $543MMar 29, 2024 to Mar 31, 2025
- HNW RAUM · $33.9M to $44.0MMar 29, 2024 to Mar 31, 2025
- Individual RAUM · $86.5M to $97.9MMar 29, 2024 to Mar 31, 2025
- RAUM · $430M to $543MMar 29, 2024 to Mar 31, 2025
- Accounts · 1,082 to 1,211Feb 23, 2024 to Mar 29, 2024
- Advisory employees · 8 to 6Feb 23, 2024 to Mar 29, 2024
- Advisory activities · 2 to 3Feb 23, 2024 to Mar 29, 2024
- BD registered reps · 9 to 10Feb 23, 2024 to Mar 29, 2024
- HNW clients · 41 to 48Feb 23, 2024 to Mar 29, 2024
- Individual clients · 596 to 678Feb 23, 2024 to Mar 29, 2024
- Employees · 31 to 32Feb 23, 2024 to Mar 29, 2024
- Financial planning clients · 0 to 26-50Feb 23, 2024 to Mar 29, 2024
- State-registered IARs · 3 to 2Feb 23, 2024 to Mar 29, 2024
- Discretionary RAUM · $316M to $430MFeb 23, 2024 to Mar 29, 2024
- HNW RAUM · $33.8M to $33.9MFeb 23, 2024 to Mar 29, 2024
- Individual RAUM · $78.3M to $86.5MFeb 23, 2024 to Mar 29, 2024
- RAUM · $316M to $430MFeb 23, 2024 to Mar 29, 2024
- Accounts · 878 to 1,082Mar 31, 2022 to Mar 31, 2023
- Advisory employees · 7 to 8Mar 31, 2022 to Mar 31, 2023
- BD registered reps · 6 to 9Mar 31, 2022 to Mar 31, 2023
- HNW clients · 29 to 41Mar 31, 2022 to Mar 31, 2023
- Individual clients · 505 to 596Mar 31, 2022 to Mar 31, 2023
- Employees · 27 to 31Mar 31, 2022 to Mar 31, 2023
- Other offices · 1 to 0Mar 31, 2022 to Mar 31, 2023
Signals
11 dated events
- Donald Wayne Lamison left Mulholland Wealth Advisors, Llc for Sequinox Wealth Management, Llc (registered 2025-06-05)Jul 17, 2026 · Advisor changed firm · fact
- Teressa Dawn Beard left Mulholland Wealth Advisors, Llc for Sequinox Wealth Management, Llc (registered 2025-06-04)Jul 17, 2026 · Advisor changed firm · fact
- Joseph Daniel Wirbick left Mulholland Wealth Advisors, Llc for Sequinox Wealth Management, Llc (registered 2025-06-04)Jul 17, 2026 · Advisor changed firm · fact
- Matthew J Lebo left Mulholland Wealth Advisors, Llc for Sequinox Wealth Management, Llc (registered 2025-06-04)Jul 17, 2026 · Advisor changed firm · fact
- Mulholland Wealth Advisors, LLC's advisors moved to Sequinox Wealth Management, LLC (Johnstown, PA): 4 of 7 registered, on the same dayJul 17, 2026 · Firm absorbed (people side) · derived
- Mulholland Wealth Advisors, Llc reported RAUM $543.2M, up 26% from $430.5M (2024-03-29 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- Mulholland Wealth Advisors, Llc reported RAUM $430.5M, up 36% from $316.4M (2024-02-23 to 2024-03-29)Mar 29, 2024 · RAUM change · derived
- Daniel Joseph Shearman left Mulholland Wealth Advisors, Llc for Edelman Financial Engines (registered 2023-09-18)Aug 24, 2023 · Advisor changed firm · fact
- Mulholland Wealth Advisors, Llc reported RAUM $310.4M, up 88% from $164.8M (2021-03-29 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- Michael Cheung (Portfolio Manager) appeared on Schedule A of Mulholland Wealth Advisors, LlcMay 24, 2019 · Control person joined · fact
- Mulholland Wealth Advisors, Llc filed its initial SEC registration (Form ADV)Dec 16, 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
- Website
- MULHOLLANDWA.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 3102728185reportedpublic record, Form ADV, Apr 1, 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
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $204Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026