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
Jemma Financial Services
Legal name Jemma Investment Advisors LLC
Latest filing Jul 1, 2026
First filing on the tape Jun 9, 2016 · 27 filings
SEC status approved since Dec 5, 2022
RAUM
$140M
reported, Item 5.F
Discretionary
77%
of RAUM
Private clients
79%
$110M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$28.0M
derived; firm RAUM over IAPD count
Employees
5
5 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$140M as of Jul 1, 2026
Mar 30, 2017$61.8M then
HNW client RAUM$69.4M as of Jul 1, 2026
Mar 30, 2023$25.1M then
State-registered IARs (5.B.3)4 as of Jul 1, 2026
Mar 30, 20176 then
Employees (5.A)5 as of Jul 1, 2026
Mar 30, 20176 then
Private funds: no history
RAUM -4.2% over the last fiscal year+45% a year over threeIARs 4 to 4offices 1 to 2
Practice profile
derived from the filing of Jul 1, 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
- 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
- RAUM per advisor
- $28.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 62derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $937,982derivedHNW RAUM over HNW clients
- Average account
- $218,147derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 77%derivedof RAUM
- Institutional
- 17%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 1.7derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- -4.2%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -10%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, otherreportedItem 5.G
- Custody
- $109M, 303 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
- has discretionary authority over which securities are bought or sold (8.C.1)
- has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$69.4M50%
- Individuals$41.0M29%
- Pension and profit-sharing plans$24.0M17%
- Corporations and businesses$5.5M3.9%
- Individual clients
- 238reported
- HNW clients
- 74reported
- Pension plan clients
- 8reported
- Charitable clients
- 0reported
- Accounts
- 641reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $109M for 303 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.79 fund_share=0.0 institutional_share=0.17 related_bd=false related_bank=false bd_reps=4.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| William Hugo CevallosChartered Financial Analyst | Baltimore, Md | Jan 3, 2019 | 30 y | 0 |
| Stephen Edward BairdCertified Financial Planner | Baltimore, Md | Jan 27, 2022 | 19 y | 1 |
| Katharine Wilson Dudley | Baltimore, Md | Jan 27, 2022 | 13 y | 0 |
| Gay Graham Wagner | Baltimore, Md | Jun 30, 2022 | 24 y | 1 |
| Brian Carl Nelson | Baltimore, Md | Dec 23, 2024 | 35 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 20% of current headcount1 left over 36 months
Left, latest
- Holly Theresa Turner to Greenspring Advisors, LLCDec 9, 2025 · RIA to RIA
- Donald Albert Mattran to Foundry Wealth Advisors, LLCFeb 27, 2020 · Other
- Marianne Dorian Mattran to Foundry Wealth Advisors, LLCFeb 27, 2020 · Other
- Kyle James Fishler to Foundry Wealth Advisors, LLCFeb 27, 2020 · Other
- Emily Herstein to T. Rowe Price Advisory Services, Inc.Jul 17, 2019 · Other
- Ashlyn M Hood to Edward JonesApr 24, 2018 · Other
- Christopher James Casner to Sfg Wealth ManagementDec 4, 2017 · Other
Joined, latest
- Holly Theresa Turner from Bolton InvestmentOct 19, 2022 · Other
- Gay Graham Wagner from Merrill Lynch, Pierce, Fenner & Smith IncorporatedJun 30, 2022 · Other
- Stephen Edward Baird from Lord, Abbett & Co. LLCJan 27, 2022 · Other
- Emily Herstein from Truist Advisory Services, Inc.Feb 16, 2017 · Other
- Donald Albert Mattran from Realta Investment Advisors, IncOct 28, 2016 · Other
- Ashlyn M Hood from Bb&T Investment Services, Inc.Oct 28, 2016 · Other
- Marianne Dorian Mattran from Realta Investment Advisors, IncSep 2, 2016 · Other
- Christopher James Casner from Realta Investment Advisors, IncSep 2, 2016 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for Foundry Wealth Advisors, LLCFeb 27, 2020 · Baltimore, Md · Firm absorbed
- 3 joined from Realta Investment Advisors, IncSep 14, 2016 · Wilmington, De
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Edward Stephen Baird · Chief Compliance Officercontrolsince 02/2022 · owns less than 5%
- Carl Brian Nelson · Managing Member/Presidentcontrolsince 03/2022 · owns 75% or more
- Bressler Bonnie Stein · Membersince 12/2020 · owns 5% to 10%
Related persons
Schedule D 7.A
- Cromwell Fundsinvestment advisernRAUM $369M
Advisers that list Jemma Financial Services as a related person
- 314411 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Baltimore, Md · principal | 5 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- wealth to institutional shiftCombination · filing Apr 8, 2026private-client share fell 15 points or more while institutional share rose 15 points or more. RAUM $145,940,068 to $139,832,219, advisors 4 to 4, private clients 347 to 312, offices 1 to 2 (2025-03-26 to 2026-04-08)peers: independent wealth managers, $100M to $500M (5,676)
- client mix shiftChange between filings · filing Apr 8, 2026private-client share of RAUM moved from 99.0% to 79.0% between the annual amendments of 2025-03-26 and 2026-04-08peers: independent wealth managers, $100M to $500M (5,676)
- institutional asset share shiftChange between filings · filing Apr 8, 2026institutional share of RAUM moved from 1.0% to 21.0% between the annual amendments of 2025-03-26 and 2026-04-08peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 589 to 641Mar 26, 2025 to Mar 30, 2026
- Advisory activities · 3 to 4Mar 26, 2025 to Mar 30, 2026
- Charity clients · 1 to 0Mar 26, 2025 to Mar 30, 2026
- Corporate clients · 0 to 4Mar 26, 2025 to Mar 30, 2026
- HNW clients · 71 to 74Mar 26, 2025 to Mar 30, 2026
- Individual clients · 276 to 238Mar 26, 2025 to Mar 30, 2026
- Pension plan clients · 0 to 8Mar 26, 2025 to Mar 30, 2026
- Assets in custody · $102M to $109MMar 26, 2025 to Mar 30, 2026
- Other offices · 1 to 2Mar 26, 2025 to Mar 30, 2026
- Discretionary RAUM · $119M to $108MMar 26, 2025 to Mar 30, 2026
- HNW RAUM · $90.5M to $69.4MMar 26, 2025 to Mar 30, 2026
- Individual RAUM · $54.6M to $41.0MMar 26, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $26.7M to $31.7MMar 26, 2025 to Mar 30, 2026
- Pension RAUM · $0 to $24.0MMar 26, 2025 to Mar 30, 2026
- RAUM · $146M to $140MMar 26, 2025 to Mar 30, 2026
- Accounts · 571 to 589Mar 25, 2024 to Mar 26, 2025
- Advisory employees · 6 to 5Mar 25, 2024 to Mar 26, 2025
- Charity clients · 0 to 1Mar 25, 2024 to Mar 26, 2025
- HNW clients · 44 to 71Mar 25, 2024 to Mar 26, 2025
- Individual clients · 280 to 276Mar 25, 2024 to Mar 26, 2025
- Assets in custody · $73.3M to $102MMar 25, 2024 to Mar 26, 2025
- Employees · 6 to 5Mar 25, 2024 to Mar 26, 2025
- Financial planning clients · 251-500 to 251-500Mar 25, 2024 to Mar 26, 2025
- State-registered IARs · 3 to 4Mar 25, 2024 to Mar 26, 2025
- Discretionary RAUM · $75.9M to $119MMar 25, 2024 to Mar 26, 2025
- HNW RAUM · $46.2M to $90.5MMar 25, 2024 to Mar 26, 2025
- Individual RAUM · $52.6M to $54.6MMar 25, 2024 to Mar 26, 2025
- Non-discretionary RAUM · $22.9M to $26.7MMar 25, 2024 to Mar 26, 2025
- RAUM · $98.8M to $146MMar 25, 2024 to Mar 26, 2025
- Accounts · 274 to 571Nov 15, 2023 to Mar 25, 2024
- BD registered reps · 3 to 4Nov 15, 2023 to Mar 25, 2024
- HNW clients · 40 to 44Nov 15, 2023 to Mar 25, 2024
- Individual clients · 234 to 280Nov 15, 2023 to Mar 25, 2024
- Assets in custody · $44.7M to $73.3MNov 15, 2023 to Mar 25, 2024
- State-registered IARs · 5 to 3Nov 15, 2023 to Mar 25, 2024
- Discretionary RAUM · $44.7M to $75.9MNov 15, 2023 to Mar 25, 2024
- HNW RAUM · $25.1M to $46.2MNov 15, 2023 to Mar 25, 2024
- Individual RAUM · $21.1M to $52.6MNov 15, 2023 to Mar 25, 2024
- Non-discretionary RAUM · $1.6M to $22.9MNov 15, 2023 to Mar 25, 2024
- RAUM · $46.2M to $98.8MNov 15, 2023 to Mar 25, 2024
Signals
6 dated events
- Holly Theresa Turner left Jemma Financial Services for Greenspring Advisors, Llc (registered 2023-06-02)Dec 9, 2025 · Advisor changed firm · fact
- Carl Matthew Nelson (General Counsel) no longer on Schedule A of Jemma Financial Services (listed 2023-03-30, absent 2023-09-20)Sep 20, 2023 · Control person left · inference
- Jemma Financial Services filed its initial SEC registration (Form ADV)Oct 25, 2022 · First SEC registration · fact
- Edward Stephen Baird (Chief Compliance Officer) appeared on Schedule A of Jemma Financial ServicesOct 25, 2022 · Control person joined · fact
- Carl Matthew Nelson (General Counsel) appeared on Schedule A of Jemma Financial ServicesOct 25, 2022 · Control person joined · fact
- Linn Shari Nelson (Managing Member) no longer on Schedule A of Jemma Financial Services (listed 2017-07-21, absent 2022-10-25)Oct 25, 2022 · Control person left · inference
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 email
- info@jemmafinancial.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 855-662-2121reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/jemma-financial-servicesreportedpublic record, Form ADV, Sep 17, 2026
- Website
- JEMMAFINANCIAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (855) 662-2121reportedpublic record, Form ADV, Jul 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $28.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026