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
S•• W••••• M•••••••••
Legal name S•• W••••• M••••••••• L••
Latest filing Apr 14, 2026
First filing on the tape Nov 23, 2016 · 38 filings
SEC status approved since Dec 16, 2016
RAUM
$760M
reported, Item 5.F
Discretionary
90%
of RAUM
Private clients
93%
$708M individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$84.5M
derived; firm RAUM over IAPD count
Employees
19
10 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$760M as of Apr 14, 2026
Feb 7, 2017$0 then
HNW client RAUM$571M as of Apr 14, 2026
Jan 17, 2018$40.5M then
State-registered IARs (5.B.3)10 as of Apr 14, 2026
Feb 7, 201715 then
Employees (5.A)19 as of Apr 14, 2026
Feb 7, 201723 then
Private funds: no history
RAUM +18% over the last fiscal year+20% a year over threeIARs 10 to 10
Practice profile
derived from the filing of Apr 14, 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
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $84.5MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 130derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.0MderivedHNW RAUM over HNW clients
- Average account
- $383,559derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 90%derivedof RAUM
- Institutional
- 1.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.1derivedItem 5.A over advisors
- Advisors per office
- 3.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +18%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.1%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- Wrap fee program
- $760MreportedItem 5.I
- Custody
- $396M, 535 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
- High-net-worth individuals$571M75%
- Individuals$137M18%
- Corporations and businesses$38.8M5.1%
- Charitable organizations$11.8M1.6%
- Pension and profit-sharing plans$1.6M0.2%
- Individual clients
- 619reported
- HNW clients
- 554reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,982reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- $78.3M sponsored, $0 managedreported
- Custody of client assets
- $396M for 535 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.93 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=10.0derived
Advisors registered through the firm
9 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| L••••••• N••••• L•••••Chartered Financial Consultant | Salisbury, Md | Apr 4, 2005 | 39 y | 1 |
| M•••••• L••• C••••Certified Financial Planner | Towson, Md | Dec 16, 2016 | 18 y | 1 |
| A••• S•••• A•••••Certified Financial Planner | Towson, Md | Dec 16, 2016 | 17 y | 0 |
| E••• W•••••• H••• | Towson, Md | Dec 16, 2016 | 12 y | 0 |
| T•••••• W•••••• C•••• | Towson, Md | Dec 16, 2016 | 28 y | 2 |
| G•••••• C•••••• V•••••••• | Towson, Md | Dec 16, 2016 | 40 y | 1 |
| W•••••• R••••• S•••••Certified Financial Planner | Towson, Md | Nov 2, 2017 | 33 y | 3 |
| W•••••• J••••• S•••• | Towson, Md | May 7, 2021 | 22 y | 1 |
| R••• M•••• | Millersville, Md | Aug 11, 2025 | 11 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 headcount2 left over 36 months
Left, latest
- F••••• M•••• to P•••••••• F•••••••• A••••••• G••••Jul 30, 2024 · RIA to RIA
- S••••••• N••• to P•••••••• F•••••••• A••••••• G••••Apr 23, 2024 · RIA to RIA
- T•••• J•••• M•••• to K••••• F•••••••• G•••• I•••Jun 30, 2022 · RIA to RIA
- S•••• M•••••• B•••••••• to A•••• P•••• A•••••••• L••Jun 1, 2022 · RIA to a state-registered adviser
- G•••• R•••••• G••••• to O•••• F•• I•••Jan 31, 2022 · RIA to affiliated broker-dealer or bank
- J••••• J••• D••••••••• to O•••••••••Dec 2, 2021 · Other
- J••••• C•••• C••••• to P•••••• A•••••• G••••• L••Jan 4, 2021 · RIA to affiliated broker-dealer or bank
- C••••••••• J•••• C••••• to T• R••• P•••• A••••••••• I•••Dec 31, 2020 · Other
- N••••••• M••••• to C••••• I••••••••• A••••••• L••Jul 10, 2018 · RIA to affiliated broker-dealer or bank
- H••••••• E•••••• M••••• to S•••••••• F•••••••• C•••••••• L••Feb 27, 2017 · Other
Joined, latest
- F••••• M•••• from P•••••••• F•••••••• A••••••• G••••Oct 17, 2022 · RIA to RIA
- T•••• J•••• M•••• from C••••••••• F•••••••• N••••••Mar 25, 2022 · Affiliated broker-dealer or bank to independent RIA
- W•••••• J••••• S•••• from T•• L• W••••• C••••••••• I••May 7, 2021 · RIA to RIA
- N••••••• M••••• from M•• S••••••••• I•••May 10, 2018 · Other
- C••••••••• J•••• C••••• from J•••• F•••••••• S•••••••Dec 4, 2017 · Other
- W•••••• R••••• S••••• from J••• H•••••• I••••••••• M••••••••• L••Nov 2, 2017 · Other
- S•••• M•••••• B•••••••• from P•• W••••• M•••••••••Jun 26, 2017 · Other
- H••••••• E•••••• M••••• from L•• F•••••••• L••Dec 16, 2016 · Other
- J••••• J••• D••••••••• from L•• F•••••••• L••Dec 16, 2016 · Other
- J••••• C•••• C••••• from A••••••••• F•••••••• S•••••••• L••Dec 16, 2016 · Affiliated broker-dealer or bank to a newly registered adviser
- G•••••• C•••••• V•••••••• from P••• A••••• S••••••••• L••Dec 16, 2016 · Other
- T•••••• W•••••• C•••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Dec 16, 2016 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- M•••••• L••• C•••• from E••••• J••••Dec 16, 2016 · Affiliated broker-dealer or bank to a newly registered adviser
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- H••••••• C••••••••• M•••• · Chief Operating Officercontrolsince 02/2020 · owns less than 5%
- L•••••• L•••••••• N••••• · Chief Executive Officercontrolsince 12/2019 · owns less than 5%
- P•••••• K••••••• W•••••• · Chief Compliance Officercontrolsince 12/2016 · owns less than 5%
- L•••••• L•••••••• N••••• · Managing Membercontrolsince 01/2021 · owns 50% to 75% of S•• W••••• M••••••••• L••
Entity owners
- S•• W••••• M••••••••• L•• · Managing Memberdirect · owns 75% or more
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 |
|---|---|---|---|---|---|
| Towson, Md · principal | 8 | 0 | 0 | ||
| Millersville, Md | 1 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Millersville, MD3 employees
- Salisbury, MD1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- employee count surgeChange between filings · filing Apr 14, 2026employees (Item 5.A) moved from 11.0 to 19.0 (+73.0%) between the annual amendments of 2025-03-11 and 2026-04-14; the peer median change was 0.0% (596 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $500M to $1B (596) · 99% percentile
What changed
consecutive filings, newest first
- Assets in custody · $118M to $396MMar 16, 2026 to Apr 14, 2026
- Accounts · 1,918 to 1,982Sep 9, 2025 to Mar 16, 2026
- Advisory employees · 11 to 10Sep 9, 2025 to Mar 16, 2026
- Corporate clients · 12 to 11Sep 9, 2025 to Mar 16, 2026
- HNW clients · 507 to 554Sep 9, 2025 to Mar 16, 2026
- Individual clients · 665 to 619Sep 9, 2025 to Mar 16, 2026
- Employees · 11 to 19Sep 9, 2025 to Mar 16, 2026
- Financial planning clients · 0 to 1-10Sep 9, 2025 to Mar 16, 2026
- Discretionary RAUM · $570M to $682MSep 9, 2025 to Mar 16, 2026
- HNW RAUM · $457M to $571MSep 9, 2025 to Mar 16, 2026
- Individual RAUM · $142M to $137MSep 9, 2025 to Mar 16, 2026
- Non-discretionary RAUM · $73.6M to $78.3MSep 9, 2025 to Mar 16, 2026
- Pension RAUM · $1.4M to $1.6MSep 9, 2025 to Mar 16, 2026
- RAUM · $644M to $760MSep 9, 2025 to Mar 16, 2026
- Wrap assets (sponsor) · $73.6M to $78.3MSep 9, 2025 to Mar 16, 2026
- Financial planning clients · 0 to 0Mar 11, 2025 to Sep 9, 2025
- Accounts · 1,806 to 1,918Nov 22, 2024 to Mar 11, 2025
- Advisory employees · 15 to 11Nov 22, 2024 to Mar 11, 2025
- BD registered reps · 15 to 10Nov 22, 2024 to Mar 11, 2025
- Corporate clients · 7 to 12Nov 22, 2024 to Mar 11, 2025
- HNW clients · 483 to 507Nov 22, 2024 to Mar 11, 2025
- Individual clients · 662 to 665Nov 22, 2024 to Mar 11, 2025
- Assets in custody · $104M to $118MNov 22, 2024 to Mar 11, 2025
- Employees · 16 to 11Nov 22, 2024 to Mar 11, 2025
- State-registered IARs · 15 to 10Nov 22, 2024 to Mar 11, 2025
- Discretionary RAUM · $470M to $570MNov 22, 2024 to Mar 11, 2025
- HNW RAUM · $371M to $457MNov 22, 2024 to Mar 11, 2025
- Individual RAUM · $169M to $142MNov 22, 2024 to Mar 11, 2025
- Non-discretionary RAUM · $86.1M to $73.6MNov 22, 2024 to Mar 11, 2025
- Pension RAUM · $2.3M to $1.4MNov 22, 2024 to Mar 11, 2025
- RAUM · $556M to $644MNov 22, 2024 to Mar 11, 2025
- Wrap assets (sponsor) · $86.1M to $73.6MNov 22, 2024 to Mar 11, 2025
- Accounts · 1,588 to 1,806Aug 8, 2023 to Feb 26, 2024
- Advisory employees · 12 to 15Aug 8, 2023 to Feb 26, 2024
- BD registered reps · 13 to 15Aug 8, 2023 to Feb 26, 2024
- Corporate clients · 11 to 7Aug 8, 2023 to Feb 26, 2024
- HNW clients · 420 to 483Aug 8, 2023 to Feb 26, 2024
- Individual clients · 579 to 662Aug 8, 2023 to Feb 26, 2024
- Assets in custody · $11.9M to $104MAug 8, 2023 to Feb 26, 2024
- Employees · 14 to 16Aug 8, 2023 to Feb 26, 2024
Signals
11 dated events
- F••••• M•••• left S•• W••••• M••••••••• for P•••••••• F•••••••• A••••••• G•••• (registered 2024-08-15)Jul 30, 2024 · a•••••• firm change · fact
- S••••••• N••• left S•• W••••• M••••••••• for P•••••••• F•••••••• A••••••• G•••• (registered 2024-05-13)Apr 23, 2024 · a•••••• firm change · fact
- S•• W••••• M••••••••• reported RAUM $556.3M, up 26% from $441.7M (2023-08-08 to 2024-02-26)Feb 26, 2024 · RAUM change · derived
- T•••• J•••• M•••• left S•• W••••• M••••••••• for K••••• F•••••••• G•••• I••• (registered 2022-08-02)Jun 30, 2022 · a•••••• firm change · fact
- S•••• M•••••• B•••••••• left S•• W••••• M••••••••• for A•••• P•••• A•••••••• L•• (registered 2022-10-25)Jun 1, 2022 · a•••••• firm change · fact
- S•• W••••• M••••••••• reported RAUM $531.7M, up 30% from $408.5M (2021-10-05 to 2022-02-28)Feb 28, 2022 · RAUM change · derived
- G•••• R•••••• G••••• left S•• W••••• M••••••••• for O•••• F•• I••• (registered 2022-01-28)Jan 31, 2022 · a•••••• firm change · fact
- Marie Christina Horchar (Chief Operating Officer) appeared on Schedule A of S•• W••••• M•••••••••Feb 4, 2020 · Control person joined · fact
- S•• W••••• M••••••••• reported 2 offices beyond its principal office, down from 11 (2019-10-24 to 2020-01-30)Jan 30, 2020 · Office count change · derived
- Michael Stephen Spurrier (Managing Member) no longer on Schedule A of S•• W••••• M••••••••• (listed 2019-10-24, absent 2020-01-30)Jan 30, 2020 · Control person left · inference
- S•••••• F•••••••• G•••• L•• filed its initial SEC registration (Form ADV)Nov 23, 2016 · 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
- sfgadmin@sfgwm.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 410-825-3200reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 800-481-2395reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- H••••://WWW.LINKEDIN.COM/COMPANY/128120reportedpublic record, Form ADV, Sep 18, 2026
- Website
- sfgwm.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 410-825-3200reportedpublic record, Form ADV, Apr 14, 2026
- Team page
- sfgwm.com/management-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
- $84.5Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026