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

Cbiz Investment Advisory Services, LLC

Institutional managerCleveland, OhioCRD 286002SEC 801-108996IAPD
Latest filing Mar 20, 2026
First filing on the tape Jan 16, 2017 · 33 filings
SEC status approved since Feb 8, 2017
RAUM
$13B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
5.7%
$727M individuals and HNW
Advisors
91
registered through the firm on IAPD
RAUM per advisor
$140M
derived; firm RAUM over IAPD count
Employees
93
87 advisory (5.B.1)
Offices
23
beyond the principal office
Private funds
0
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$13B as of Mar 20, 2026
Mar 29, 2018$146M then
HNW client RAUM$415M as of Mar 20, 2026
Mar 29, 2018$63.1M then
State-registered IARs (5.B.3)87 as of Mar 20, 2026
Mar 29, 201816 then
Employees (5.A)93 as of Mar 20, 2026
Mar 29, 201832 then
Private funds: no history
RAUM +22% over the last fiscal year+26% a year over threeIARs 79 to 87offices 20 to 23
Practice profile
derived from the filing of Mar 20, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
  • OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$140MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
19derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.1MderivedHNW RAUM over HNW clients
Average account
$4.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
79%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
3.8derived24 offices incl. principal (1.F.5)
RAUM growth, one year
+22%derivedbetween the last two annual amendments
Advisor growth, one year
+10%derivedItem 5.B.3 between annual amendments
Client growth, one year
+5.9%derived
Compensation
percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, selection of other advisers, educational seminars, otherreportedItem 5.G
Wrap fee program
$1.8BreportedItem 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pension and profit-sharing plans$8.2B74%
  • State and municipal entities$1.8B17%
  • High-net-worth individuals$415M3.8%
  • Individuals$312M2.8%
  • Banks and thrifts$178M1.6%
  • Charitable organizations$70.5M0.6%
  • Corporations and businesses$28.1M0.3%
Individual clients
1,382reported
HNW clients
383reported
Pension plan clients
730reported
Charitable clients
14reported
Accounts
2,850reported
Financial planning clients
1-10reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.06 fund_share=0.0 institutional_share=0.79 related_bd=true related_bank=false bd_reps=19.0derived
Advisors registered through the firm
76 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
James Patrick WinchesterCleveland, Oh Sep 26, 201728 y2
Michael Bernard GlackinCertified Financial PlannerMedia, Pa May 29, 201832 y3
Richard Christian RitzerCertified Financial PlannerCleveland, Oh May 29, 201815 y2
Bradley Patrick WarnerCleveland, Oh May 29, 201823 y7
Christopher John TomlinsonCleveland, Oh May 29, 201829 y3
Patricia Marie CageColumbia, Md Oct 9, 201834 y1
Morgan Lee DesalvoCertified Financial PlannerCleveland, OhDec 19, 201820 y4
Jonathan J SquireCleveland, OhDec 20, 201812 y1
Joseph Scott LongCleveland, OhDec 20, 201826 y2
Charles Garlin StoutBoca Raton, Fl Jan 4, 201926 y1
Martin Barnwell BelChartered Financial AnalystCleveland, Oh Jan 28, 201932 y1
Paula Marie LewisCleveland, OhMar 29, 201912 y1
Robert Alan LongfieldChartered Financial AnalystCleveland, Oh Jul 31, 201935 y2
Jeffrey Forrest BarnesCertified Financial PlannerMemphis, Tn Jul 31, 201933 y5
Brian L JonesCleveland, Oh Jul 31, 201934 y2
Ian M JanecekMemphis, Tn Jul 31, 201922 y2
Scott Alan ArnwineMemphis, Tn Jul 31, 201924 y3
Cindy Renea OrrKansas City, Mo Aug 16, 201933 y1
Kalman David MuchnickCleveland, Oh Aug 29, 201928 y4
Patrick G DonnellyCertified Financial Planner, Chartered Financial AnalystCleveland, OhSep 24, 201914 y3
Cory Joseph MccomasCleveland, Oh Sep 26, 201912 y1
Andrew Charles VanburenWest Conshohocken, Pa Sep 30, 201940 y2
Karen Susan RobertsCleveland, Oh Oct 7, 201926 y1
Derek Michael OtrembaCleveland, Oh Jan 7, 202029 y1
Kerry Jo ElyCleveland, Oh Jan 16, 202019 y1
Alexander James LaikosCleveland, Oh Jan 16, 202013 y1
Karen Barabutes BartaMartinez, Ca Feb 18, 202016 y1
Patrick Michael CarrollCleveland, Oh Mar 4, 202017 y1
Jennifer Lynn TrippCleveland, Oh Mar 13, 202025 y0
John Paul LupicaCleveland, Oh May 12, 202013 y1
Nicholas Paul BeboutCleveland, Oh Jun 17, 202011 y1
James Frederick HarmonCleveland, Oh Jul 9, 202027 y1
Anthony M. ScalfaroMargate City, Nj Aug 19, 202017 y1
Jason Benito IbarraAtlanta, Ga Sep 17, 202026 y7
Miles Slocum FortasCleveland, Oh Sep 23, 202013 y0
Jeffrey Allen SchapelCleveland, Oh Feb 15, 202122 y0
Travis D. HelmichCleveland, Oh Nov 12, 202113 y1
Jacob Charles AdamczykCleveland, Oh Jan 7, 202215 y2
Joseph Daniel NittingChartered Financial AnalystCleveland, Oh Feb 23, 202212 y0
Justin S NewtonIndependence, Oh Mar 10, 202220 y0
All 76 advisors at Cbiz Investment Advisory Services, LLC
Advisor movement
5 left, 11 joined in 12 months
net +6 in 12 months2 left in 90 days6 joined in 90 daysdeparture rate 5.5% of current headcount15 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Mark Christopher Brown · Chief Compliance Officercontrol
      since 11/2021 · owns less than 5%
    • Andrew James King · Presidentcontrol
      since 12/2024 · owns less than 5%
    • Marie Nancy Mellard · Directorcontrol
      since 01/2024 · owns less than 5%
    Entity owners
    • Cbiz Operations Inc. · Sole Member
      direct · owns 75% or more
    • Cbiz, Inc · Sole Owner
      indirect · owns 75% or more of Cbiz Operations, Inc. · public reporting company
    Related persons
    Schedule D 7.A
    Advisers that list Cbiz Investment Advisory Services, LLC as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Cleveland, Oh · principal6771
    Memphis, Tn700
    Media, Pa700
    Cumberland, Md700
    Kansas City, Mo721
    Indianapolis, In420
    Boca Raton, Fl320
    Independence, Oh310
    Maitland, Fl310
    Phoenix, Az301
    Columbia, Md200
    Chesterfield, Mo210
    San Jose, Ca200
    Denver, Co210
    West Conshohocken, Pa100
    Tuscon, Az000
    St Louis, Mo001
    Tucson, Az000
    Minneapolis, Mn001
    Offices
    Schedule D 1.F, the 25 largest
    • Memphis, TN8 employees
    • Cumberland, MD6 employees
    • Media, PA5 employees
    • Kansas City, MO5 employees
    • West Conshohocken, PA3 employees
    • Maitland, FL3 employees
    • Phoenix, AZ3 employees
    • Minneapolis, MN2 employees
    • Tucson, AZ2 employees
    • San Jose, CA2 employees
    • St. Louis, MO2 employees
    • Columbia, MD2 employees
    • Denver, CO2 employees
    • Pleasant Hill, CA1 employees
    • Philadelphia, PA1 employees
    • Boston, MA1 employees
    • Boca Raton, FL1 employees
    • Atlanta, GA1 employees
    • Indianapolis, IN1 employees
    • Woodstock, GA1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 2,658 to 2,850
      Mar 27, 2025 to Mar 20, 2026
    • Advisory employees · 80 to 87
      Mar 27, 2025 to Mar 20, 2026
    • Charity clients · 6 to 14
      Mar 27, 2025 to Mar 20, 2026
    • HNW clients · 397 to 383
      Mar 27, 2025 to Mar 20, 2026
    • Individual clients · 1,269 to 1,382
      Mar 27, 2025 to Mar 20, 2026
    • Pension plan clients · 669 to 730
      Mar 27, 2025 to Mar 20, 2026
    • Employees · 86 to 93
      Mar 27, 2025 to Mar 20, 2026
    • Financial planning clients · 0 to 1-10
      Mar 27, 2025 to Mar 20, 2026
    • State-registered IARs · 79 to 87
      Mar 27, 2025 to Mar 20, 2026
    • Other offices · 20 to 23
      Mar 27, 2025 to Mar 20, 2026
    • Discretionary RAUM · $10B to $13B
      Mar 27, 2025 to Mar 20, 2026
    • HNW RAUM · $439M to $415M
      Mar 27, 2025 to Mar 20, 2026
    • Individual RAUM · $243M to $312M
      Mar 27, 2025 to Mar 20, 2026
    • Pension RAUM · $6.5B to $8.2B
      Mar 27, 2025 to Mar 20, 2026
    • RAUM · $10B to $13B
      Mar 27, 2025 to Mar 20, 2026
    • Accounts · 2,257 to 2,658
      Dec 19, 2024 to Mar 27, 2025
    • Advisory employees · 86 to 80
      Dec 19, 2024 to Mar 27, 2025
    • Charity clients · 5 to 6
      Dec 19, 2024 to Mar 27, 2025
    • Corporate clients · 10 to 14
      Dec 19, 2024 to Mar 27, 2025
    • HNW clients · 245 to 397
      Dec 19, 2024 to Mar 27, 2025
    • Individual clients · 1,124 to 1,269
      Dec 19, 2024 to Mar 27, 2025
    • Pension plan clients · 613 to 669
      Dec 19, 2024 to Mar 27, 2025
    • Employees · 94 to 86
      Dec 19, 2024 to Mar 27, 2025
    • Insurance-licensed employees · 21 to 17
      Dec 19, 2024 to Mar 27, 2025
    • Financial planning clients · 0 to 0
      Dec 19, 2024 to Mar 27, 2025
    • State-registered IARs · 84 to 79
      Dec 19, 2024 to Mar 27, 2025
    • Discretionary RAUM · $8.9B to $10B
      Dec 19, 2024 to Mar 27, 2025
    • HNW RAUM · $264M to $439M
      Dec 19, 2024 to Mar 27, 2025
    • Individual RAUM · $203M to $243M
      Dec 19, 2024 to Mar 27, 2025
    • Pension RAUM · $5.5B to $6.5B
      Dec 19, 2024 to Mar 27, 2025
    • RAUM · $8.9B to $10B
      Dec 19, 2024 to Mar 27, 2025
    • Accounts · 2,122 to 2,257
      Nov 2, 2023 to Mar 22, 2024
    • Advisory activities · 7 to 8
      Nov 2, 2023 to Mar 22, 2024
    • BD registered reps · 21 to 19
      Nov 2, 2023 to Mar 22, 2024
    • Corporate clients · 11 to 10
      Nov 2, 2023 to Mar 22, 2024
    • HNW clients · 289 to 245
      Nov 2, 2023 to Mar 22, 2024
    • Individual clients · 1,019 to 1,124
      Nov 2, 2023 to Mar 22, 2024
    • Pension plan clients · 570 to 613
      Nov 2, 2023 to Mar 22, 2024
    • Employees · 91 to 94
      Nov 2, 2023 to Mar 22, 2024
    • Insurance-licensed employees · 24 to 21
      Nov 2, 2023 to Mar 22, 2024
    Signals
    41 dated events
    • Colin Edward Barker left Cbiz Investment Advisory Services, Llc for Onedigital (registered 2026-08-16)
      Aug 11, 2026 · Advisor changed firm · fact
    • Andrew Charles Beck left Cbiz Investment Advisory Services, Llc for Usi Securities, Inc. (registered 2026-09-02)
      Jul 6, 2026 · Advisor changed firm · fact
    • Michael Joseph Heil left Cbiz Investment Advisory Services, Llc for Voya Retirement Advisors, Llc (registered 2026-07-29)
      Apr 7, 2026 · Advisor changed firm · fact
    • Ryan Matthew Wehking left Cbiz Investment Advisory Services, Llc for Stifel, Nicolaus & Company, Incorporated (registered 2026-03-31)
      Mar 27, 2026 · Advisor changed firm · fact
    • Blake Montgomery Stevens left Cbiz Investment Advisory Services, Llc for Usi Securities, Inc. (registered 2025-12-01)
      Nov 4, 2025 · Advisor changed firm · fact
    • David Anthony Falcone left Cbiz Investment Advisory Services, Llc for Vanguard Advisers, Inc. (registered 2025-07-16)
      Jun 17, 2025 · Advisor changed firm · fact
    • Anna Rathbun left Cbiz Investment Advisory Services, Llc for Grenadilla Advisory Llc (registered 2025-06-12)
      Apr 14, 2025 · Advisor changed firm · fact
    • Christina Marie Gage left Cbiz Investment Advisory Services, Llc for Global Retirement Partners Llc (registered 2025-06-02)
      Mar 14, 2025 · Advisor changed firm · fact
    • Bradley Jon Sieniawski left Cbiz Investment Advisory Services, Llc for Planpilot (registered 2025-03-25)
      Feb 28, 2025 · Advisor changed firm · fact
    • Christine Ann Kalt left Cbiz Investment Advisory Services, Llc for Gatepass Capital, Llc (registered 2025-02-28)
      Jan 17, 2025 · Advisor changed firm · fact
    • Donald Stanley Milovancev (President) no longer on Schedule A of Cbiz Investment Advisory Services, Llc (listed 2024-08-09, absent 2024-12-19)
      Dec 19, 2024 · Control person left · inference
    • Andrew James King (President) appeared on Schedule A of Cbiz Investment Advisory Services, Llc
      Dec 19, 2024 · Control person joined · fact
    • Stanley Donald Milovancev left Cbiz Investment Advisory Services, Llc for Prosperity Capital Advisors (registered 2025-11-24)
      Dec 9, 2024 · Advisor changed firm · fact
    • Gregory Tucker Solley left Cbiz Investment Advisory Services, Llc for Usi Advisors (registered 2025-01-03)
      Nov 12, 2024 · Advisor changed firm · fact
    • Emily Kay Erhart left Cbiz Investment Advisory Services, Llc for Clearstead; Clearstead Advisory Solutions (registered 2024-11-20)
      Oct 29, 2024 · Advisor changed firm · fact
    • Michael Edward Perdzock left Cbiz Investment Advisory Services, Llc for Commerce Advisors, Llc (registered 2026-07-29)
      Jul 2, 2024 · Advisor changed firm · fact
    • Brian James Winkels left Cbiz Investment Advisory Services, Llc for Onedigital (registered 2025-01-28)
      Jul 2, 2024 · Advisor changed firm · fact
    • Cbiz Investment Advisory Services, Llc reported RAUM $8.9B, up 37% from $6.5B (2023-11-02 to 2024-03-22)
      Mar 22, 2024 · RAUM change · derived
    • Marie Nancy Mellard (Director) appeared on Schedule A of Cbiz Investment Advisory Services, Llc
      Mar 22, 2024 · Control person joined · fact
    • Donald Stanley Milovancev (President) appeared on Schedule A of Cbiz Investment Advisory Services, Llc
      Mar 22, 2024 · Control person joined · fact
    • Joseph John Geffert (Manager) no longer on Schedule A of Cbiz Investment Advisory Services, Llc (listed 2023-11-02, absent 2024-03-22)
      Mar 22, 2024 · Control person left · inference
    • Edward Brian Dean (President) no longer on Schedule A of Cbiz Investment Advisory Services, Llc (listed 2023-11-02, absent 2024-03-22)
      Mar 22, 2024 · Control person left · inference
    • Roberto David Lopez left Cbiz Investment Advisory Services, Llc for Nationwide Investment Advisors, Llc (registered 2023-08-18)
      Jun 14, 2023 · Advisor changed firm · fact
    • Prashant J Ravani left Cbiz Investment Advisory Services, Llc for World Investment Advisors, Llc (registered 2023-04-07)
      Apr 5, 2023 · Advisor changed firm · fact
    • Sarah Lynn Cathey left Cbiz Investment Advisory Services, Llc for Captrust (registered 2023-03-28)
      Feb 24, 2023 · Advisor changed firm · fact
    • Scott Bruce Robison left Cbiz Investment Advisory Services, Llc for Cetera Advisor Networks Llc (registered 2022-09-09)
      Sep 20, 2022 · Advisor changed firm · fact
    • Colin Michael Rogers left Cbiz Investment Advisory Services, Llc for Cap Strat (registered 2024-08-30)
      Sep 7, 2022 · Advisor changed firm · fact
    • Kimberly Lynn Oros left Cbiz Investment Advisory Services, Llc for Empower Advisory Group, Llc (registered 2022-03-10)
      Feb 11, 2022 · Advisor changed firm · fact
    • Molly Diane Magnuson left Cbiz Investment Advisory Services, Llc for Intellicents Investment Solutions Inc (registered 2022-01-25)
      Feb 7, 2022 · Advisor changed firm · fact
    • Mark Christopher Brown (Chief Compliance Officer) appeared on Schedule A of Cbiz Investment Advisory Services, Llc
      Nov 30, 2021 · Control person joined · 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
    Principal office phone
    216-447-9000reportedpublic record, Form ADV, Mar 20, 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
    Institutional managerderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $140Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026