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
T••• C••••••• L••
Latest filing Mar 16, 2026
First filing on the tape Apr 10, 2025 · 2 filings
SEC status approved since May 12, 2025
RAUM
$118M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
99%
$117M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$39.4M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
2 filings and snapshots on the tape
RAUM$118M as of Mar 16, 2026
Apr 10, 2025$103M then
HNW client RAUM$108M as of Mar 16, 2026
Apr 10, 2025$95.5M then
State-registered IARs (5.B.3)3 as of Mar 16, 2026
Apr 10, 20253 then
Employees (5.A)4 as of Mar 16, 2026
Apr 10, 20254 then
Private funds: no history
RAUM +15% over the last fiscal yearIARs 3 to 3
Practice profile
derived from the filing of Mar 16, 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $39.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 55derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.1MderivedHNW RAUM over HNW clients
- Average account
- $369,581derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 1.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 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
- +9.3%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- 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)
- has custody of client securities (9.A.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$108M92%
- Individuals$8.2M6.9%
- Charitable organizations$1.6M1.4%
- Individual clients
- 65reported
- HNW clients
- 99reported
- Pension plan clients
- n/areported
- Charitable clients
- 2reported
- Accounts
- 320reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| G•••••• S•••••• S••• | Richmond, Va | Nov 29, 2016 | 36 y | 0 |
| M•••••• S••••• P••••••Chartered Financial Analyst | Richmond, Va | Jul 27, 2017 | 27 y | 1 |
| B••••• M•••• S•••••••• | Richmond, Va | Nov 13, 2018 | 37 y | 0 |
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
- H••••• H• I••• to T••• R••••• A•••••••• L••Aug 14, 2020 · RIA to a state-registered adviser
Joined, latest
- M•••••• S••••• P•••••• from S•••• • S••••••••• L••Jul 27, 2017 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- S•••• G••••••• S•••••• · Principalcontrolsince 10/2016 · owns 25% to 50%
- S••••••• J••••• J••••• · Principal & Chief Compliance Officercontrolsince 11/2016 · owns 25% to 50%
- P••••••• M••••••• S••••• · Partnersince 07/2017 · owns 10% to 25%
- S••••••••• B•••••• M•••• · Partnersince 01/2020 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Richmond, Va · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 299 to 320Apr 10, 2025 to Mar 16, 2026
- Charity clients · unset to 2.0Apr 10, 2025 to Mar 16, 2026
- HNW clients · 96 to 99Apr 10, 2025 to Mar 16, 2026
- Individual clients · 54 to 65Apr 10, 2025 to Mar 16, 2026
- Assets in custody · $8.6M to $13.1MApr 10, 2025 to Mar 16, 2026
- Discretionary RAUM · $100M to $115MApr 10, 2025 to Mar 16, 2026
- HNW RAUM · $95.5M to $108MApr 10, 2025 to Mar 16, 2026
- Individual RAUM · $6.5M to $8.2MApr 10, 2025 to Mar 16, 2026
- Non-discretionary RAUM · $3.0M to $3.2MApr 10, 2025 to Mar 16, 2026
- RAUM · $103M to $118MApr 10, 2025 to Mar 16, 2026
Signals
No event on the tape.
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@tonecapital.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 804-206-9503reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 804-447-1404reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/tonecapitalreportedpublic record, Form ADV, Sep 18, 2026
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (804) 447-1404reportedpublic record, Form ADV, Mar 16, 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
- $39.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026