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
Qapital Invest, LLC
Latest filing Jan 30, 2026
First filing on the tape May 25, 2016 · 25 filings
SEC status approved since Dec 19, 2017
RAUM
$42.1M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$42.1M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$42.1M
derived; firm RAUM over IAPD count
Employees
9
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$42.1M as of Jan 30, 2026
Feb 16, 2017$0 then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Jan 30, 2026
Feb 16, 20170 then
Employees (5.A)9 as of Jan 30, 2026
Feb 16, 20172 then
Private funds: no history
RAUM +14% over the last fiscal year+7.2% a year over threeIARs 2 to 1
Practice profile
derived from the filing of Jan 30, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $42.1MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $1,394derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 9.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- -50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individualsreportedItem 5.G
- Ownership
- controlled by a public reporting companyderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- 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)
- has custody of client securities (9.A.1.b)
- 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)
- the adviser acts as qualified custodian (9.D.1)
- a related person acts as qualified custodian (9.D.2)
- controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$42.1M100%
- Individual clients
- 30,166reported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 30,166reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=1.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| William Cullen Rogers | Houston, Tx | Apr 17, 2019 | 16 y | 3 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- William Cullen Rogers from Ascendant Advisors, LLCApr 17, 2019 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Andrew Mark Bulger · Chief Compliance Officercontrolsince 06/2024 · owns less than 5%
- N Francis Paulino · Managercontrolsince 01/2021 · owns less than 5%
- Lance Gary Wedbush · Managercontrolsince 01/2021 · owns less than 5%
- Ardelle Jean Wedbush · Shareholdercontrolsince 01/2020 · owns 25% to 50% of Wedbush Capital
- Nmn Rodrigo Parrode · President & Chief Executive Officersince 02/2023 · owns less than 5%
- Joseph Frank Primavera · Head Of Middle Office And Operationssince 02/2023 · owns less than 5%
Entity owners
- Qapital, LLC · Sole Memberdirect · owns 75% or more
- Qap 2.0, LLC · Shareholderindirect · owns 75% or more of Qapital Stack, Inc.
- Qapital Stack, Inc. · Shareholderindirect · owns 75% or more of Qapital, LLC
- Wedbush Capital · Shareholderindirect · owns 75% or more of Wedbush Financial Services, Inc.
- Wedbush Financial Services, Inc. · Shareholderindirect · owns 75% or more of Qap 2.0, LLC
Related persons
Schedule D 7.A
- Lightspeed Financial Services Group LLCbroker-dealern
- Mw Investment Strategyinvestment advisernRAUM $42.8M
- Van Hulzen Financial Advisorsinvestment advisernRAUM $2.1B
- Wedbush Asset Management, LLCinvestment advisernRAUM $115M
- Wedbush Capital Gp, LLCpooled vehicle sponsorn
- Wedbush Europe Ltd.broker-dealern
- Wedbush Securities Inc.investment advisernRAUM $5.7B
Advisers that list Qapital Invest, LLC as a related person
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 22,874 to 30,166May 23, 2025 to Sep 30, 2025
- Advisory employees · 2 to 1May 23, 2025 to Sep 30, 2025
- BD registered reps · 0 to 1May 23, 2025 to Sep 30, 2025
- Charity clients · 0.0 to unsetMay 23, 2025 to Sep 30, 2025
- Corporate clients · 0.0 to unsetMay 23, 2025 to Sep 30, 2025
- HNW clients · 0.0 to unsetMay 23, 2025 to Sep 30, 2025
- Individual clients · 21,480 to 30,166May 23, 2025 to Sep 30, 2025
- Pension plan clients · 0.0 to unsetMay 23, 2025 to Sep 30, 2025
- Pooled vehicle clients · 0.0 to unsetMay 23, 2025 to Sep 30, 2025
- Assets in custody · unset to 0.0May 23, 2025 to Sep 30, 2025
- Employees · 2 to 9May 23, 2025 to Sep 30, 2025
- Insurance-licensed employees · 0 to 1May 23, 2025 to Sep 30, 2025
- State-registered IARs · 2 to 1May 23, 2025 to Sep 30, 2025
- Discretionary RAUM · $37.0M to $42.1MMay 23, 2025 to Sep 30, 2025
- Individual RAUM · $37.0M to $42.1MMay 23, 2025 to Sep 30, 2025
- RAUM · $37.0M to $42.1MMay 23, 2025 to Sep 30, 2025
- Financial planning clients · unset to Mar 31, 2025 to May 23, 2025
- Accounts · 21,480 to 22,874Jun 17, 2024 to Sep 30, 2024
- State-registered IARs · 1 to 2Apr 23, 2024 to Jun 17, 2024
- Discretionary RAUM · $34.2M to $37.0MApr 23, 2024 to Jun 17, 2024
- Individual RAUM · $34.2M to $37.0MApr 23, 2024 to Jun 17, 2024
- RAUM · $34.2M to $37.0MApr 23, 2024 to Jun 17, 2024
- Accounts · 64,568 to 21,480Mar 29, 2022 to Mar 30, 2023
- Individual clients · 64,658 to 21,480Mar 29, 2022 to Mar 30, 2023
- Discretionary RAUM · $39.1M to $34.2MMar 29, 2022 to Mar 30, 2023
- Individual RAUM · $39.1M to $34.2MMar 29, 2022 to Mar 30, 2023
- RAUM · $39.1M to $34.2MMar 29, 2022 to Mar 30, 2023
- Accounts · 56,755 to 64,568Jan 11, 2022 to Mar 29, 2022
- Individual clients · 56,755 to 64,658Jan 11, 2022 to Mar 29, 2022
- Discretionary RAUM · $23.1M to $39.1MJan 11, 2022 to Mar 29, 2022
- Individual RAUM · $23.1M to $39.1MJan 11, 2022 to Mar 29, 2022
- RAUM · $23.1M to $39.1MJan 11, 2022 to Mar 29, 2022
- Accounts · 21,894 to 56,755Jun 22, 2020 to Apr 1, 2021
- Individual clients · 21,894 to 56,755Jun 22, 2020 to Apr 1, 2021
- State-registered IARs · 0 to 1Jun 22, 2020 to Apr 1, 2021
- Discretionary RAUM · $11.9M to $23.1MJun 22, 2020 to Apr 1, 2021
- Individual RAUM · $11.9M to $23.1MJun 22, 2020 to Apr 1, 2021
- RAUM · $11.9M to $23.1MJun 22, 2020 to Apr 1, 2021
- Related adviser · false to trueJun 22, 2020 to Apr 1, 2021
- Related broker-dealer · false to trueJun 22, 2020 to Apr 1, 2021
Signals
5 dated events
- Andrew Mark Bulger (Chief Compliance Officer) appeared on Schedule A of Qapital Invest, LlcJun 17, 2024 · Control person joined · fact
- Lance Gary Wedbush (Manager) appeared on Schedule A of Qapital Invest, LlcApr 1, 2021 · Control person joined · fact
- N Francis Paulino (Manager) appeared on Schedule A of Qapital Invest, LlcApr 1, 2021 · Control person joined · fact
- Jean Wedbush (Shareholder) appeared on Schedule A of Qapital Invest, LlcApr 1, 2021 · Control person joined · fact
- Qapital Invest, Llc filed its initial SEC registration (Form ADV)May 25, 2016 · 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
- QAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 646-603-6904reportedpublic record, Form ADV, Jan 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
- $42.1Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026