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

M••••••• W••••• A•••••••

Independent wealth managerLouisville, KentuckyCRD 283632SEC 801-121883websiteIAPD
Legal name M••••••• • A••••••••• I•••
Latest filing Mar 4, 2026
First filing on the tape Jun 28, 2021 · 15 filings
SEC status approved since Aug 25, 2021
RAUM
$141M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$141M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$47.0M
derived; firm RAUM over IAPD count
Employees
11
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$141M as of Mar 4, 2026
Jan 20, 2022$116M then
HNW client RAUM$27.1M as of Mar 4, 2026
Jan 20, 2022$15.9M then
State-registered IARs (5.B.3)3 as of Mar 4, 2026
Jan 20, 20223 then
Employees (5.A)11 as of Mar 4, 2026
Jan 20, 20223 then
Private funds: no history
RAUM +15% over the last fiscal year+15% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 4, 2026; every figure names its basis
Archetypes, each a printed rule
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$47.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
149derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.8MderivedHNW RAUM over HNW clients
Average account
$147,404derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.7derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+15%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+8.5%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Wrap fee program
$282MreportedItem 5.I
Custody
$4.0M, 26 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$113M80%
  • High-net-worth individuals$27.1M19%
  • Pension and profit-sharing plans$531,8090.4%
Individual clients
431reported
HNW clients
15reported
Pension plan clients
14reported
Charitable clients
0reported
Accounts
957reported
Financial planning clients
26-50reported
Wrap fee programs
$141M sponsored, $141M managedreported
Custody of client assets
$4.0M for 26 clientsreported
Compensation
% of AUM, fixedreported
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
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
D••••• A••• M•••••••Louisville, KyJan 23, 201734 y6
T••• W•••• B•••••Louisville, KyFeb 7, 201712 y1
A••••• R••• S••••••••Louisville, KyMay 1, 202413 y1
Advisor movement
0 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • B•••••• T•••• W•••• · Presidentcontrol
    since 11/2023 · owns 5% to 10%
  • M•••••••• D•••••• A••• · Ceo & Chief Compliance Officercontrol
    since 04/2000 · owns 75% or more
Related persons
Schedule D 7.A
  • M••••••• I•••••••• S•••••••
    real estaten
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Louisville, Ky · principal300
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • custody status changedChange between filings · filing Mar 4, 2026
    custody of client assets (Item 9.A): no on the filing of 2025-03-21, yes on the filing of 2026-03-04
    peers: independent wealth managers, $100M to $500M (5,676)
  • HNW share shiftChange between filings · filing Mar 4, 2026
    HNW share of RAUM moved from 0.0% to 19.0% between the annual amendments of 2025-03-21 and 2026-03-04
    peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
  • Accounts · 942 to 957
    Mar 21, 2025 to Mar 4, 2026
  • HNW clients · 0 to 15
    Mar 21, 2025 to Mar 4, 2026
  • Individual clients · 411 to 431
    Mar 21, 2025 to Mar 4, 2026
  • Assets in custody · unset to 4034010.0
    Mar 21, 2025 to Mar 4, 2026
  • Custody of client assets · false to true
    Mar 21, 2025 to Mar 4, 2026
  • Employees · 10 to 11
    Mar 21, 2025 to Mar 4, 2026
  • Financial planning clients · 1-10 to 26-50
    Mar 21, 2025 to Mar 4, 2026
  • Discretionary RAUM · $118M to $141M
    Mar 21, 2025 to Mar 4, 2026
  • HNW RAUM · $0 to $27.1M
    Mar 21, 2025 to Mar 4, 2026
  • Individual RAUM · $123M to $113M
    Mar 21, 2025 to Mar 4, 2026
  • Non-discretionary RAUM · $5.1M to $0
    Mar 21, 2025 to Mar 4, 2026
  • Pension RAUM · $557,567 to $531,809
    Mar 21, 2025 to Mar 4, 2026
  • RAUM · $123M to $141M
    Mar 21, 2025 to Mar 4, 2026
  • Wrap assets (manager) · $0 to $141M
    Mar 21, 2025 to Mar 4, 2026
  • Wrap assets (sponsor) · $118M to $141M
    Mar 21, 2025 to Mar 4, 2026
  • Accounts · 913 to 942
    Mar 22, 2024 to Mar 21, 2025
  • Advisory employees · 2 to 3
    Mar 22, 2024 to Mar 21, 2025
  • Individual clients · 413 to 411
    Mar 22, 2024 to Mar 21, 2025
  • Pension plan clients · 9 to 14
    Mar 22, 2024 to Mar 21, 2025
  • Employees · 8 to 10
    Mar 22, 2024 to Mar 21, 2025
  • Financial planning clients · 26-50 to 1-10
    Mar 22, 2024 to Mar 21, 2025
  • State-registered IARs · 2 to 3
    Mar 22, 2024 to Mar 21, 2025
  • Discretionary RAUM · $97.2M to $118M
    Mar 22, 2024 to Mar 21, 2025
  • Individual RAUM · $104M to $123M
    Mar 22, 2024 to Mar 21, 2025
  • Non-discretionary RAUM · $7.9M to $5.1M
    Mar 22, 2024 to Mar 21, 2025
  • Pension RAUM · $620,730 to $557,567
    Mar 22, 2024 to Mar 21, 2025
  • RAUM · $105M to $123M
    Mar 22, 2024 to Mar 21, 2025
  • Wrap assets (sponsor) · $102M to $118M
    Mar 22, 2024 to Mar 21, 2025
  • Accounts · 803 to 913
    Sep 7, 2023 to Mar 22, 2024
  • Individual clients · 386 to 413
    Sep 7, 2023 to Mar 22, 2024
  • Pension plan clients · 12 to 9
    Sep 7, 2023 to Mar 22, 2024
  • Employees · 6 to 8
    Sep 7, 2023 to Mar 22, 2024
  • Discretionary RAUM · $92.2M to $97.2M
    Sep 7, 2023 to Mar 22, 2024
  • Individual RAUM · $91.6M to $104M
    Sep 7, 2023 to Mar 22, 2024
  • Non-discretionary RAUM · $0 to $7.9M
    Sep 7, 2023 to Mar 22, 2024
  • Pension RAUM · $560,016 to $620,730
    Sep 7, 2023 to Mar 22, 2024
  • RAUM · $92.2M to $105M
    Sep 7, 2023 to Mar 22, 2024
  • Wrap assets (sponsor) · $0 to $102M
    Sep 7, 2023 to Mar 22, 2024
  • Accounts · 1,087 to 803
    Jul 28, 2022 to Mar 27, 2023
  • HNW clients · 8 to 0
    Jul 28, 2022 to Mar 27, 2023
Signals
3 dated events
  • Wayne Troy Bolton (President) appeared on Schedule A of M••••••• W••••• A•••••••
    Mar 22, 2024 · Control person joined · fact
  • A••••• J•••• V••••• S•••••••• left M••••••• W••••• A••••••• for A••••••••• F•••••••• S•••••••• L•• (registered 2022-03-29)
    Mar 22, 2022 · Advisor changed firm · fact
  • M••••••• W••••• A••••••• filed its initial SEC registration (Form ADV)
    Jun 28, 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
Firm profile
linkedin.com/company/mercurio-wealth-advisorsreportedpublic record, Form ADV, Sep 18, 2026
Website
mwataxes.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
(502) 253-9366reportedpublic record, Form ADV, Mar 4, 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
$47.0Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026