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

Fwg Investments, LLC

Independent wealth managerLexington, KentuckyCRD 284064SEC 801-112954websiteIAPD
Latest filing May 22, 2026
First filing on the tape Mar 26, 2018 · 25 filings
SEC status approved since Apr 26, 2018
RAUM
$349M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
96%
$335M individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$38.8M
derived; firm RAUM over IAPD count
Employees
27
10 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
0
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$349M as of May 22, 2026
Mar 12, 2019$128M then
HNW client RAUM$40.8M as of May 22, 2026
Mar 12, 2019$16.8M then
State-registered IARs (5.B.3)9 as of May 22, 2026
Mar 12, 20196 then
Employees (5.A)27 as of May 22, 2026
Mar 12, 201919 then
Private funds: no history
RAUM +40% over the last fiscal year+0.9% a year over threeIARs 10 to 9
Practice profile
derived from the filing of May 22, 2026; every figure names its basis
Archetypes, each a printed rule
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
  • Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
RAUM per advisor
$38.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
201derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.1MderivedHNW RAUM over HNW clients
Average account
$98,769derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
2.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.0derivedItem 5.A over advisors
Advisors per office
1.5derived6 offices incl. principal (1.F.5)
RAUM growth, one year
+40%derivedbetween the last two annual amendments
Advisor growth, one year
-10%derivedItem 5.B.3 between annual amendments
Client growth, one year
+27%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisers, publications, educational seminarsreportedItem 5.G
Financial planning clients
1,000reportedItem 5.H
Custody
$6.2M, 39 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)
  • has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$294M84%
  • High-net-worth individuals$40.8M12%
  • Pension and profit-sharing plans$9.3M2.7%
  • Corporations and businesses$4.4M1.3%
  • Charitable organizations$700,5330.2%
Individual clients
1,794reported
HNW clients
19reported
Pension plan clients
28reported
Charitable clients
n/areported
Accounts
3,534reported
Financial planning clients
1,000reported
Wrap fee programs
noreported
Custody of client assets
$6.2M for 39 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.96 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
9 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Donald Eugene BentleyLexington, KyAug 14, 201929 y3
Jordan Riley ShortCertified Financial PlannerLexington, KyApr 20, 202113 y1
Edward Matthew LockettLexington, KyJul 21, 202110 y2
Ashton LanhamLexington, KyJul 22, 202216 y1
Tina Denise CulpHarrodsburg, KyJul 24, 202212 y1
Sydney MillayLexington, KyJan 3, 202315 y0
Jeffrey Kyle SheppardLexington, KyJul 28, 202311 y0
Alexander John SchnuloHurricane, WvJul 15, 202411 y0
Coleman Reid WhitmillGeorgetown, Ky Mar 11, 202511 y0
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 headcount1 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Keith Brian Staples · Chief Operating Officercontrol
    since 01/2022 · owns less than 5%
  • Eugene Donald Bentley · Managing Membercontrol
    since 01/2022 · owns 75% or more of Hmj LLC
  • Kyle Jeffrey Sheppard · Managing Membercontrol
    since 01/2022 · owns 75% or more of Jeff Sheppard Financial LLC
  • Lee Christopher Payne · Interim Cco
    since 10/2023 · owns less than 5%
Entity owners
  • Hmj LLC · Managing Member
    direct · owns 50% to 75%
  • Jeff Sheppard Financial LLC · Managing Member
    direct · owns 50% to 75%
Related persons
Schedule D 7.A
  • Family Wealth Group, LLC
    real estaten
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Lexington, Ky · principal700
Offices
Schedule D 1.F, the 25 largest
  • Georgetown, KY3 employees
  • Harrodsburg, KY2 employees
  • Hurricane, WV1 employees
  • London, KY1 employees
  • Somerset, KY1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • RAUM up 25 %Change between filings · filing Mar 25, 2026
    RAUM (Item 5.F) moved from $250,080,209 to $349,048,767 (+40.0%) between the annual amendments of 2025-03-21 and 2026-03-25; the peer median change was +15.0% (4551 comparable advisers, 92.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (4,551) · 92% percentile
How anomalies are measured
What changed
consecutive filings, newest first
  • Accounts · 2,525 to 3,534
    Aug 19, 2025 to Mar 25, 2026
  • Charity clients · 3.0 to unset
    Aug 19, 2025 to Mar 25, 2026
  • Corporate clients · 0 to 5
    Aug 19, 2025 to Mar 25, 2026
  • HNW clients · 17 to 19
    Aug 19, 2025 to Mar 25, 2026
  • Individual clients · 1,414 to 1,794
    Aug 19, 2025 to Mar 25, 2026
  • Pension plan clients · 0 to 28
    Aug 19, 2025 to Mar 25, 2026
  • Assets in custody · unset to 6163057.0
    Aug 19, 2025 to Mar 25, 2026
  • Custody of client assets · false to true
    Aug 19, 2025 to Mar 25, 2026
  • Employees · 20 to 27
    Aug 19, 2025 to Mar 25, 2026
  • State-registered IARs · 10 to 9
    Aug 19, 2025 to Mar 25, 2026
  • Discretionary RAUM · $250M to $349M
    Aug 19, 2025 to Mar 25, 2026
  • HNW RAUM · $26.6M to $40.8M
    Aug 19, 2025 to Mar 25, 2026
  • Individual RAUM · $223M to $294M
    Aug 19, 2025 to Mar 25, 2026
  • Pension RAUM · $0 to $9.3M
    Aug 19, 2025 to Mar 25, 2026
  • RAUM · $250M to $349M
    Aug 19, 2025 to Mar 25, 2026
  • Accounts · 2,659 to 2,525
    Nov 22, 2024 to Mar 21, 2025
  • Advisory employees · 8 to 10
    Nov 22, 2024 to Mar 21, 2025
  • Charity clients · 0 to 3
    Nov 22, 2024 to Mar 21, 2025
  • HNW clients · 46 to 17
    Nov 22, 2024 to Mar 21, 2025
  • Individual clients · 1,202 to 1,414
    Nov 22, 2024 to Mar 21, 2025
  • Employees · 24 to 20
    Nov 22, 2024 to Mar 21, 2025
  • Financial planning clients · More than 500 to More than 500
    Nov 22, 2024 to Mar 21, 2025
  • State-registered IARs · 8 to 10
    Nov 22, 2024 to Mar 21, 2025
  • Discretionary RAUM · $206M to $250M
    Nov 22, 2024 to Mar 21, 2025
  • HNW RAUM · $32.9M to $26.6M
    Nov 22, 2024 to Mar 21, 2025
  • Individual RAUM · $173M to $223M
    Nov 22, 2024 to Mar 21, 2025
  • RAUM · $206M to $250M
    Nov 22, 2024 to Mar 21, 2025
  • Wrap assets (manager) · 0.0 to unset
    Nov 22, 2024 to Mar 21, 2025
  • Wrap assets (sponsor) · 0.0 to unset
    Nov 22, 2024 to Mar 21, 2025
  • Accounts · 2,987 to 2,659
    Feb 27, 2024 to Mar 12, 2024
  • Advisory employees · 9 to 8
    Feb 27, 2024 to Mar 12, 2024
  • Corporate clients · 1 to 0
    Feb 27, 2024 to Mar 12, 2024
  • HNW clients · unset to 46.0
    Feb 27, 2024 to Mar 12, 2024
  • Individual clients · 932 to 1,202
    Feb 27, 2024 to Mar 12, 2024
  • Pension plan clients · 17 to 0
    Feb 27, 2024 to Mar 12, 2024
  • Employees · 22 to 24
    Feb 27, 2024 to Mar 12, 2024
  • State-registered IARs · 9 to 8
    Feb 27, 2024 to Mar 12, 2024
  • Other offices · 4 to 5
    Feb 27, 2024 to Mar 12, 2024
  • Discretionary RAUM · $164M to $206M
    Feb 27, 2024 to Mar 12, 2024
  • HNW RAUM · unset to 32918721.0
    Feb 27, 2024 to Mar 12, 2024
Signals
13 dated events
  • Vincent Conrad Montgomery left Fwg Investments, Llc for Spectrum Financial Alliance, Ltd., L.L.C. (registered 2025-01-13)
    Feb 12, 2025 · Advisor changed firm · fact
  • Fwg Investments, Llc reported RAUM $205.9M, down 39% from $339.6M (2024-02-27 to 2024-03-12)
    Mar 12, 2024 · RAUM change · derived
  • Roseann Higgins (Chief Compliance Officer) no longer on Schedule A of Fwg Investments, Llc (listed 2023-08-08, absent 2023-11-02)
    Nov 2, 2023 · Control person left · inference
  • Kevin Geoffrey Metzler (Managing Member) no longer on Schedule A of Fwg Investments, Llc (listed 2021-10-22, absent 2022-03-30)
    Mar 30, 2022 · Control person left · inference
  • Fwg Investments, Llc reported RAUM $336.2M, up 46% from $230.2M (2021-10-22 to 2022-03-30)
    Mar 30, 2022 · RAUM change · derived
  • Gabriel Paul Metzler (Chief Executive Officer And Chief Financial Officer) no longer on Schedule A of Fwg Investments, Llc (listed 2021-10-22, absent 2022-03-30)
    Mar 30, 2022 · Control person left · inference
  • Roseann Higgins (Chief Compliance Officer) appeared on Schedule A of Fwg Investments, Llc
    Mar 30, 2022 · Control person joined · fact
  • Eugene Donald Bentley (Managing Member) appeared on Schedule A of Fwg Investments, Llc
    Mar 30, 2022 · Control person joined · fact
  • Kyle Jeffrey Sheppard (Managing Member) appeared on Schedule A of Fwg Investments, Llc
    Mar 30, 2022 · Control person joined · fact
  • Keith Brian Staples (Chief Compliance Officer) appeared on Schedule A of Fwg Investments, Llc
    Mar 24, 2021 · Control person joined · fact
  • Kevin Lawrence Adkins (Chief Investment Officer & Chief Compliance Officer) no longer on Schedule A of Fwg Investments, Llc (listed 2019-09-03, absent 2020-01-14)
    Jan 14, 2020 · Control person left · inference
  • Gabriel Paul Metzler (Chief Operating & Chief Compliance Officer) appeared on Schedule A of Fwg Investments, Llc
    Jan 14, 2020 · Control person joined · fact
  • Fwg Investments, Llc filed its initial SEC registration (Form ADV)
    Mar 26, 2018 · 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
Business phone
304-306-9490reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
502-316-9152reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
606-864-0220reportedpublished by the firm, firm site, Sep 15, 2026
Website
KENTUCKYRETIRESHERE.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
859-309-0349reportedpublic record, Form ADV, May 22, 2026
Team page
thefamilywealthgroup.com/our-teamreportedpublished by the firm, firm site, Sep 15, 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
$38.8Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026