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

Colonial River Wealth Management LLC

Independent wealth managerMidlothian, VirginiaCRD 284839SEC 801-113243websiteIAPD
Legal name Colonial River Investments, LLC
Latest filing Mar 31, 2026
First filing on the tape Sep 6, 2016 · 43 filings
SEC status approved since May 14, 2018
RAUM
$464M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$464M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$58.0M
derived; firm RAUM over IAPD count
Employees
21
8 advisory (5.B.1)
Offices
7
beyond the principal office
Private funds
0
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$464M as of Mar 31, 2026
Mar 21, 2019$136M then
HNW client RAUM$315M as of Mar 31, 2026
Mar 21, 2019$41.7M then
State-registered IARs (5.B.3)8 as of Mar 31, 2026
Mar 21, 201916 then
Employees (5.A)21 as of Mar 31, 2026
Mar 21, 201934 then
Private funds: no history
RAUM +37% over the last fiscal year-7.5% a year over threeIARs 8 to 8offices 6 to 7
Practice profile
derived from the filing of Mar 31, 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
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$58.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
225derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.8MderivedHNW RAUM over HNW clients
Average account
$258,124derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.6derivedItem 5.A over advisors
Advisors per office
1.0derived8 offices incl. principal (1.F.5)
RAUM growth, one year
+37%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+74%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
Wrap fee program
$464MreportedItem 5.I
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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$315M68%
  • Individuals$149M32%
  • Charitable organizations$393,9270.1%
Individual clients
1,624reported
HNW clients
174reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1,799reported
Financial planning clients
251-500reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=9.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
John Donald RobertsonNewport News, Va Oct 28, 201642 y1
Devin J GarofaloMidlothian, Va Oct 28, 201620 y4
Alan Torrence DawkinsCertified Financial PlannerNewport News, Va Nov 17, 201728 y1
Steven Gary PrestylyMidlothian, VaNov 30, 201731 y2
Alex Ethan HendricksonMidlothian, Va May 26, 201824 y2
Catherine Anne BelangerCertified Financial PlannerMidlothian, VaJan 6, 202126 y0
Merrick Green BurlesonPalmyra, Va May 6, 202131 y1
Brian Michael WotringMidlothian, VaDec 1, 202312 y1
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
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • J Devin Garofalo · Member, President And Chief Compliance Officercontrol
    since 10/2016 · owns 75% or more
Related persons
Schedule D 7.A
  • Colonial River Financial, LLC
    real estaten
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Midlothian, Va · principal800
Newport News, Va400
Williamsburg, Va300
Offices
Schedule D 1.F, the 25 largest
  • Newport News, VA3 employees
  • Fredericksburg, VA1 employees
  • Newport News, VA1 employees
  • Williamsburg, VA1 employees
  • , 1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • RAUM up 25 %Change between filings · filing Mar 31, 2026
    RAUM (Item 5.F) moved from $339,836,345 to $464,365,160 (+37.0%) between the annual amendments of 2025-04-24 and 2026-03-31; the peer median change was +15.0% (4550 comparable advisers, 91.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (4,550) · 91% percentile
  • client count surgeChange between filings · filing Mar 31, 2026
    individual and HNW clients (Item 5.D) moved from 1,034.0 to 1,798.0 (+74.0%) between the annual amendments of 2025-04-24 and 2026-03-31; the peer median change was +3.0% (3309 comparable advisers, 98.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (3,309) · 98% percentile
How anomalies are measured
What changed
consecutive filings, newest first
  • Accounts · 1,524 to 1,799
    Jan 22, 2026 to Mar 31, 2026
  • HNW clients · 122 to 174
    Jan 22, 2026 to Mar 31, 2026
  • Individual clients · 912 to 1,624
    Jan 22, 2026 to Mar 31, 2026
  • Employees · 16 to 21
    Jan 22, 2026 to Mar 31, 2026
  • Other offices · 6 to 7
    Jan 22, 2026 to Mar 31, 2026
  • Discretionary RAUM · $340M to $464M
    Jan 22, 2026 to Mar 31, 2026
  • HNW RAUM · $201M to $315M
    Jan 22, 2026 to Mar 31, 2026
  • Individual RAUM · $139M to $149M
    Jan 22, 2026 to Mar 31, 2026
  • RAUM · $340M to $464M
    Jan 22, 2026 to Mar 31, 2026
  • Accounts · 1,415 to 1,524
    Mar 4, 2024 to Apr 24, 2025
  • Advisory employees · 9 to 8
    Mar 4, 2024 to Apr 24, 2025
  • BD registered reps · 10 to 9
    Mar 4, 2024 to Apr 24, 2025
  • HNW clients · 138 to 122
    Mar 4, 2024 to Apr 24, 2025
  • Individual clients · 905 to 912
    Mar 4, 2024 to Apr 24, 2025
  • Financial planning clients · 101-250 to 251-500
    Mar 4, 2024 to Apr 24, 2025
  • State-registered IARs · 9 to 8
    Mar 4, 2024 to Apr 24, 2025
  • Discretionary RAUM · $275M to $340M
    Mar 4, 2024 to Apr 24, 2025
  • HNW RAUM · $189M to $201M
    Mar 4, 2024 to Apr 24, 2025
  • Individual RAUM · $85.4M to $139M
    Mar 4, 2024 to Apr 24, 2025
  • RAUM · $275M to $340M
    Mar 4, 2024 to Apr 24, 2025
  • Accounts · 3,920 to 1,415
    Sep 29, 2023 to Mar 4, 2024
  • Advisory employees · 13 to 9
    Sep 29, 2023 to Mar 4, 2024
  • BD registered reps · 14 to 10
    Sep 29, 2023 to Mar 4, 2024
  • HNW clients · 169 to 138
    Sep 29, 2023 to Mar 4, 2024
  • Individual clients · 1,190 to 905
    Sep 29, 2023 to Mar 4, 2024
  • Assets in custody · 900000.0 to unset
    Sep 29, 2023 to Mar 4, 2024
  • Custody of client assets · true to false
    Sep 29, 2023 to Mar 4, 2024
  • Employees · 21 to 16
    Sep 29, 2023 to Mar 4, 2024
  • State-registered IARs · 13 to 9
    Sep 29, 2023 to Mar 4, 2024
  • Discretionary RAUM · $330M to $275M
    Sep 29, 2023 to Mar 4, 2024
  • HNW RAUM · $235M to $189M
    Sep 29, 2023 to Mar 4, 2024
  • Individual RAUM · $351M to $85.4M
    Sep 29, 2023 to Mar 4, 2024
  • Non-discretionary RAUM · $256M to $0
    Sep 29, 2023 to Mar 4, 2024
  • RAUM · $586M to $275M
    Sep 29, 2023 to Mar 4, 2024
  • Accounts · 2,014 to 3,920
    Jan 5, 2023 to Mar 17, 2023
  • Advisory employees · 14 to 13
    Jan 5, 2023 to Mar 17, 2023
  • BD registered reps · 15 to 14
    Jan 5, 2023 to Mar 17, 2023
  • HNW clients · 114 to 169
    Jan 5, 2023 to Mar 17, 2023
  • Individual clients · 998 to 1,190
    Jan 5, 2023 to Mar 17, 2023
  • Assets in custody · $1.0M to $900,000
    Jan 5, 2023 to Mar 17, 2023
Signals
9 dated events
  • Colonial River Wealth Management Llc reported RAUM $464.4M, up 37% from $339.8M (2026-01-22 to 2026-03-31)
    Mar 31, 2026 · RAUM change · derived
  • Colonial River Wealth Management Llc reported RAUM $274.6M, down 53% from $586.5M (2023-09-29 to 2024-03-04)
    Mar 4, 2024 · RAUM change · derived
  • Richard Durant Adams left Colonial River Wealth Management Llc for Lpl Financial Llc (registered 2023-08-07)
    Jul 7, 2023 · Advisor changed firm · fact
  • Rebecca Adams Hollis left Colonial River Wealth Management Llc for Lpl Financial Llc (registered 2023-07-31)
    Jul 7, 2023 · Advisor changed firm · fact
  • 2 advisors left Colonial River Wealth Management LLC (Midlothian, VA) for LPL Financial LLC on the same day
    Jul 7, 2023 · Team lift-out · derived
  • Blake Points Hicks left Colonial River Wealth Management Llc for Commonwealth Financial Network (registered 2023-04-26)
    May 15, 2023 · Advisor changed firm · fact
  • Colonial River Wealth Management Llc reported RAUM $484.0M, up 65% from $293.6M (2021-10-01 to 2022-03-30)
    Mar 30, 2022 · RAUM change · derived
  • Colonial River Wealth Management Llc reported RAUM $293.6M, up 69% from $174.1M (2020-11-16 to 2021-03-30)
    Mar 30, 2021 · RAUM change · derived
  • Colonial River Investments, Llc filed its initial SEC registration (Form ADV)
    Apr 17, 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 email
team@colonialriver.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
heidi.garofalo@colonialriver.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
alexandra.bowers@colonialriver.comreportedpublished by the firm, firm site, Sep 15, 2026
Business phone
757-500-2333reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
540-310-0139reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
540-310-4083reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/colonialriverreportedpublic record, Form ADV, Sep 18, 2026
Website
COLONIALRIVER.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
(804) 335-1200reportedpublic record, Form ADV, Mar 31, 2026
Contact form
colonialriver.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
Team page
colonialriver.com/team/john-robertsonreportedpublished 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
$58.0Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026