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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Former SEC-registered adviser

D•••••••• P•••••••

Former SEC-registered adviserBethesda, MarylandCRD 285688SEC 801-112962websiteIAPD
Legal name D•••••••• P•••••••• L••
Latest filing Jan 10, 2026
First filing on the tape Dec 14, 2016 · 34 filings
SEC status approved since Apr 23, 2018
RAUM
$423M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$423M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$423M as of Jan 10, 2026
Jan 16, 2019$106M then
HNW client RAUM$403M as of Jan 10, 2026
Jan 16, 2019$81.4M then
State-registered IARs (5.B.3)4 as of Jan 10, 2026
Jan 16, 20192 then
Employees (5.A)8 as of Jan 10, 2026
Jan 16, 20195 then
Private funds: no history
RAUM +31% over the last fiscal year+29% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Jan 10, 2026; every figure names its basis
RAUM per advisor
$106MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
67derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.0MderivedHNW RAUM over HNW clients
Average account
$440,682derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+31%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+2.7%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, otherreportedItem 5.G
Custody
$169M, 237 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)
  • compensates non-employees for client referrals (8.G.2)
  • 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$403M95%
  • Individuals$20.6M4.9%
Individual clients
68reported
HNW clients
200reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
960reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
$169M for 237 clientsreported
Compensation
% of AUM, fixedreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
4 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • A••••••••• A••• P•••••• · Managing Membercontrol
    since 01/2017 · owns 50% to 75%
  • B••••• M••••••• B••••• · Managing Member & Chief Compliance Officercontrol
    since 01/2017 · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Bethesda, Md · principal0021
Mouth Of Wilson, Va001
Suffolk, Va0011
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 895 to 960
    Jan 10, 2025 to Jan 10, 2026
  • HNW clients · 196 to 200
    Jan 10, 2025 to Jan 10, 2026
  • Individual clients · 65 to 68
    Jan 10, 2025 to Jan 10, 2026
  • Assets in custody · $127M to $169M
    Jan 10, 2025 to Jan 10, 2026
  • Employees · 10 to 8
    Jan 10, 2025 to Jan 10, 2026
  • Financial planning clients · 51-100 to 26-50
    Jan 10, 2025 to Jan 10, 2026
  • Discretionary RAUM · $323M to $423M
    Jan 10, 2025 to Jan 10, 2026
  • HNW RAUM · $306M to $403M
    Jan 10, 2025 to Jan 10, 2026
  • Individual RAUM · $17.6M to $20.6M
    Jan 10, 2025 to Jan 10, 2026
  • RAUM · $323M to $423M
    Jan 10, 2025 to Jan 10, 2026
  • Accounts · 834 to 895
    Aug 9, 2024 to Jan 10, 2025
  • HNW clients · 182 to 196
    Aug 9, 2024 to Jan 10, 2025
  • Individual clients · 73 to 65
    Aug 9, 2024 to Jan 10, 2025
  • Assets in custody · $194M to $127M
    Aug 9, 2024 to Jan 10, 2025
  • Employees · 9 to 10
    Aug 9, 2024 to Jan 10, 2025
  • Financial planning clients · 51-100 to 51-100
    Aug 9, 2024 to Jan 10, 2025
  • Discretionary RAUM · $257M to $323M
    Aug 9, 2024 to Jan 10, 2025
  • HNW RAUM · $238M to $306M
    Aug 9, 2024 to Jan 10, 2025
  • Individual RAUM · $19.6M to $17.6M
    Aug 9, 2024 to Jan 10, 2025
  • RAUM · $257M to $323M
    Aug 9, 2024 to Jan 10, 2025
  • Accounts · 768 to 834
    Nov 27, 2023 to Jan 25, 2024
  • HNW clients · 163 to 182
    Nov 27, 2023 to Jan 25, 2024
  • Individual clients · 76 to 73
    Nov 27, 2023 to Jan 25, 2024
  • Assets in custody · $187M to $194M
    Nov 27, 2023 to Jan 25, 2024
  • Employees · 8 to 9
    Nov 27, 2023 to Jan 25, 2024
  • Discretionary RAUM · $198M to $257M
    Nov 27, 2023 to Jan 25, 2024
  • HNW RAUM · $179M to $238M
    Nov 27, 2023 to Jan 25, 2024
  • Individual RAUM · $18.7M to $19.6M
    Nov 27, 2023 to Jan 25, 2024
  • RAUM · $198M to $257M
    Nov 27, 2023 to Jan 25, 2024
  • Accounts · 705 to 768
    Feb 8, 2022 to Jan 24, 2023
  • HNW clients · 143 to 163
    Feb 8, 2022 to Jan 24, 2023
  • Individual clients · 89 to 76
    Feb 8, 2022 to Jan 24, 2023
  • Assets in custody · $194M to $187M
    Feb 8, 2022 to Jan 24, 2023
  • Employees · 7 to 8
    Feb 8, 2022 to Jan 24, 2023
  • Other offices · 1 to 0
    Feb 8, 2022 to Jan 24, 2023
  • Discretionary RAUM · $200M to $198M
    Feb 8, 2022 to Jan 24, 2023
  • HNW RAUM · $178M to $179M
    Feb 8, 2022 to Jan 24, 2023
  • Individual RAUM · $22.5M to $18.7M
    Feb 8, 2022 to Jan 24, 2023
  • RAUM · $200M to $198M
    Feb 8, 2022 to Jan 24, 2023
  • Accounts · 664 to 705
    Jul 13, 2021 to Feb 8, 2022
Signals
8 dated events
  • D•••••••• P••••••• no longer on the SEC adviser roster (last listed 2026-04-01, RAUM $423.1M)
    May 1, 2026 · Left the SEC roster · derived
  • K•••• M•••••• H•••••• left D•••••••• P••••••• for E• W••••• A••••••• (registered 2026-03-27)
    Apr 23, 2026 · Advisor changed firm · fact
  • 2 advisors left D•••••••• P••••••• (Bethesda, MD) for E• W••••• A••••••• on the same day
    Apr 23, 2026 · Team lift-out · derived
  • J••••• R••••• S•••••••• left D•••••••• P••••••• for E• W••••• A••••••• (registered 2026-03-27)
    Apr 23, 2026 · Advisor changed firm · fact
  • A•• P•••••• A••••••••• left D•••••••• P••••••• for E• W••••• A••••••• (registered 2026-03-27)
    Apr 23, 2026 · Advisor changed firm · fact
  • M•••••• B••••• B•••• left D•••••••• P••••••• for E• W••••• A••••••• (registered 2026-03-27)
    Apr 23, 2026 · Advisor changed firm · fact
  • 2 advisors left D•••••••• P••••••• (Suffolk, VA) for E• W••••• A••••••• on the same day
    Apr 23, 2026 · Team lift-out · derived
  • D•••••••• P••••••• filed its initial SEC registration (Form ADV)
    Dec 14, 2016 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
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
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026