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
C••••••• W••••• A•••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Feb 16, 2017 · 34 filings
SEC status approved since Feb 27, 2017
RAUM
$102M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$102M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$51.2M
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$102M as of Mar 31, 2026
Jul 13, 2018$236M then
HNW client RAUM$75.0M as of Mar 31, 2026
Mar 26, 2019$110M then
State-registered IARs (5.B.3)2 as of Mar 31, 2026
Jul 13, 20185 then
Employees (5.A)3 as of Mar 31, 2026
Jul 13, 20187 then
Private funds: no history
RAUM -86% over the last fiscal year-46% a year over threeIARs 2 to 2
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
- 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
- RAUM per advisor
- $51.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 63derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.3MderivedHNW RAUM over HNW clients
- Average account
- $242,597derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 1.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -86%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -91%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$75.0M73%
- Individuals$27.4M27%
- Individual clients
- 93reported
- HNW clients
- 32reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 422reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- 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=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| R••••• T•••••• N••••• | Salem, Or | Mar 10, 2017 | 26 y | 3 |
| J•••• A••••••••• W••••• | Salem, Or | Dec 4, 2025 | 10 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 headcount9 left over 36 months
Left, latest
- L••••• E•••••••• S••••• to C••••••• R••Jul 29, 2025 · RIA to a newly registered adviser
- T•••• E••••• R••• to C••••••• R••Jul 29, 2025 · RIA to a newly registered adviser
- K••••• T•••••••• to W••••• E••••••••• A••••••• S•••••••• L••Feb 11, 2025 · RIA to affiliated broker-dealer or bank
- B•••• S••••••• to W••••• E••••••••• A••••••• S•••••••• L••Feb 11, 2025 · RIA to affiliated broker-dealer or bank
- B•••• M••••• F•••••• to W••••• E••••••••• A••••••• S•••••••• L••Feb 11, 2025 · RIA to affiliated broker-dealer or bank
- R••• S••••••• to W••••• E••••••••• A••••••• S•••••••• L••Feb 11, 2025 · RIA to affiliated broker-dealer or bank
- S•••• S••••••• to W••••• E••••••••• A••••••• S•••••••• L••Feb 11, 2025 · RIA to affiliated broker-dealer or bank
- S••••• G••• H•••••• to W••••• E••••••••• A••••••• S•••••••• L••Feb 11, 2025 · RIA to affiliated broker-dealer or bank
- K••• J•• R•••••• to G••••• R••••••••• P••••••• L••Feb 11, 2025 · Other
- A••••• M• M••••••• to D••• A•••••••Aug 30, 2021 · RIA to a state-registered adviser
- M•••••• B••• C•••••• to C•••••••• W••••• A•••••••• L••Dec 13, 2019 · RIA to a newly registered adviser
Joined, latest
- K••• J•• R•••••• from E• R•••• I••••••••• L••Feb 8, 2022 · RIA to RIA
- B•••• M••••• F•••••• from W••••••••• F•••••••• M••••••••• L••Mar 11, 2021 · RIA to RIA
- B•••• S••••••• from W•••••• • R•••Jul 27, 2020 · Affiliated broker-dealer or bank to independent RIA
- S•••• S••••••• from W•••••• • R•••Jul 27, 2020 · Affiliated broker-dealer or bank to independent RIA
- A••••• M• M••••••• from M••••• S••••••Mar 13, 2020 · Wirehouse to independent RIA
- L••••• E•••••••• S••••• from L•• F•••••••• L••Nov 6, 2019 · Affiliated broker-dealer or bank to independent RIA
- S••••• G••• H•••••• from P••• W••••• M•••••••••Oct 17, 2018 · Other
- K••••• T•••••••• from W•••••• • R•••Sep 28, 2018 · Affiliated broker-dealer or bank to independent RIA
- R••••• T•••••• N••••• from W•••• F•••• A•••••••Mar 10, 2017 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- R••• S••••••• from W•••• F•••• A•••••••Mar 10, 2017 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- M•••••• B••• C•••••• from W•••• F•••• A•••••••Mar 10, 2017 · Wirehouse to a newly registered adviser (no RAUM reported yet)
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for W••••• E••••••••• A••••••• S•••••••• L••Feb 11, 2025 · Salem, Or
- 2 left for W••••• E••••••••• A••••••• S•••••••• L••Feb 11, 2025 · Sammamish, Wa
- 2 joined from W•••••• • R•••Jul 27, 2020 · Seattle, Wa
- 3 joined from W•••• F•••• A•••••••Mar 14, 2017 · Salem, Or
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- N•••••• R•••••• T•••••• · Chief Compliance Officercontrolsince 02/2017 · owns 50% to 75%
- S•••••••• R•••• A•••• · Member And Investment Advisor Representativecontrolsince 02/2017 · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Salem, Or · principal | 2 | 1 | 0 | ||
| Bellingham, Wa | 0 | 0 | 0 | ||
| Las Vegas, Nv | 0 | 0 | 0 | ||
| Sammamish, Wa | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Bellingham, WA2 employees
- Bellevue, WA1 employees
- Las Vegas, NV1 employees
ADV anomalies
5 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Mar 31, 2026private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $720,909,582 to $102,375,746, advisors 2 to 2, private clients 1402 to 125, offices 1 to 1 (2025-02-11 to 2026-03-31)peers: independent wealth managers, $100M to $500M (5,676)
- account count collapseChange between filings · filing Mar 31, 2026accounts (Item 5.F.2.f) moved from 3,355.0 to 422.0 (-87.0%) between the annual amendments of 2025-02-11 and 2026-03-31; the peer median change was +5.0% (3687 comparable advisers, 0.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,687) · 0.1% percentile
- client count collapseChange between filings · filing Mar 31, 2026individual and HNW clients (Item 5.D) moved from 1,402.0 to 125.0 (-91.0%) between the annual amendments of 2025-02-11 and 2026-03-31; the peer median change was +3.0% (3309 comparable advisers, 0.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,309) · 0.1% percentile
- RAUM down 50 %Change between filings · filing Mar 31, 2026RAUM (Item 5.F) moved from $720,909,582 to $102,375,746 (-86.0%) between the annual amendments of 2025-02-11 and 2026-03-31; the peer median change was +15.0% (4550 comparable advisers, 0.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,550) · 0.1% percentile
- HNW share shiftChange between filings · filing Mar 31, 2026HNW share of RAUM moved from 57.0% to 73.0% between the annual amendments of 2025-02-11 and 2026-03-31peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 838 to 422Jul 29, 2025 to Mar 31, 2026
- Advisory employees · 3 to 2Jul 29, 2025 to Mar 31, 2026
- Charity clients · 1 to 0Jul 29, 2025 to Mar 31, 2026
- HNW clients · 96 to 32Jul 29, 2025 to Mar 31, 2026
- Individual clients · 224 to 93Jul 29, 2025 to Mar 31, 2026
- Employees · 4 to 3Jul 29, 2025 to Mar 31, 2026
- Financial planning clients · 26-50 to 0Jul 29, 2025 to Mar 31, 2026
- State-registered IARs · 3 to 2Jul 29, 2025 to Mar 31, 2026
- Discretionary RAUM · $230M to $102MJul 29, 2025 to Mar 31, 2026
- HNW RAUM · $147M to $75.0MJul 29, 2025 to Mar 31, 2026
- Individual RAUM · $83.1M to $27.4MJul 29, 2025 to Mar 31, 2026
- RAUM · $230M to $102MJul 29, 2025 to Mar 31, 2026
- Accounts · 3,355 to 838Feb 11, 2025 to Jul 29, 2025
- Advisory employees · 2 to 3Feb 11, 2025 to Jul 29, 2025
- Charity clients · 7 to 1Feb 11, 2025 to Jul 29, 2025
- HNW clients · 217 to 96Feb 11, 2025 to Jul 29, 2025
- Individual clients · 1,185 to 224Feb 11, 2025 to Jul 29, 2025
- Employees · 2 to 4Feb 11, 2025 to Jul 29, 2025
- Financial planning clients · 26-50 to 26-50Feb 11, 2025 to Jul 29, 2025
- State-registered IARs · 2 to 3Feb 11, 2025 to Jul 29, 2025
- Discretionary RAUM · $721M to $230MFeb 11, 2025 to Jul 29, 2025
- HNW RAUM · $408M to $147MFeb 11, 2025 to Jul 29, 2025
- Individual RAUM · $308M to $83.1MFeb 11, 2025 to Jul 29, 2025
- RAUM · $721M to $230MFeb 11, 2025 to Jul 29, 2025
- Wrap assets (manager) · 0.0 to unsetFeb 11, 2025 to Jul 29, 2025
- Wrap assets (sponsor) · 0.0 to unsetFeb 11, 2025 to Jul 29, 2025
- Advisory employees · 11 to 2Mar 11, 2024 to Feb 11, 2025
- Employees · 11 to 2Mar 11, 2024 to Feb 11, 2025
- State-registered IARs · 11 to 2Mar 11, 2024 to Feb 11, 2025
- Other offices · 3 to 1Mar 11, 2024 to Feb 11, 2025
- Accounts · 3,276 to 3,355May 24, 2023 to Mar 11, 2024
- Charity clients · 6 to 7May 24, 2023 to Mar 11, 2024
- HNW clients · 170 to 217May 24, 2023 to Mar 11, 2024
- Individual clients · 1,204 to 1,185May 24, 2023 to Mar 11, 2024
- Discretionary RAUM · $652M to $721MMay 24, 2023 to Mar 11, 2024
- HNW RAUM · $329M to $408MMay 24, 2023 to Mar 11, 2024
- Individual RAUM · $317M to $308MMay 24, 2023 to Mar 11, 2024
- RAUM · $652M to $721MMay 24, 2023 to Mar 11, 2024
- Advisory employees · 9 to 11Mar 24, 2023 to May 24, 2023
- Employees · 9 to 11Mar 24, 2023 to May 24, 2023
Signals
19 dated events
- C••••••• W••••• A•••••••• L•• reported RAUM $102.4M, down 56% from $230.4M (2025-07-29 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- L••••• E•••••••• S••••• left C••••••• W••••• A•••••••• L•• for C••••••• R•• (registered 2025-02-26)Jul 29, 2025 · Advisor changed firm · fact
- T•••• E••••• R••• left C••••••• W••••• A•••••••• L•• for C••••••• R•• (registered 2025-02-27)Jul 29, 2025 · Advisor changed firm · fact
- C••••••• W••••• A•••••••• L•• reported RAUM $230.4M, down 68% from $720.9M (2025-02-11 to 2025-07-29)Jul 29, 2025 · RAUM change · derived
- K••••• T•••••••• left C••••••• W••••• A•••••••• L•• for W••••• E••••••••• A••••••• S•••••••• L•• (registered 2025-02-03)Feb 11, 2025 · Advisor changed firm · fact
- B•••• S••••••• left C••••••• W••••• A•••••••• L•• for W••••• E••••••••• A••••••• S•••••••• L•• (registered 2025-02-03)Feb 11, 2025 · Advisor changed firm · fact
- B•••• M••••• F•••••• left C••••••• W••••• A•••••••• L•• for W••••• E••••••••• A••••••• S•••••••• L•• (registered 2025-02-03)Feb 11, 2025 · Advisor changed firm · fact
- S••••• G••• H•••••• left C••••••• W••••• A•••••••• L•• for W••••• E••••••••• A••••••• S•••••••• L•• (registered 2025-02-12)Feb 11, 2025 · Advisor changed firm · fact
- 4 advisors left C••••••• W••••• A•••••••• L•• (Salem, OR) for W••••• E••••••••• A••••••• S•••••••• L•• on the same dayFeb 11, 2025 · Team lift-out · derived
- K••• J•• R•••••• left C••••••• W••••• A•••••••• L•• for G••••• R••••••••• P••••••• L•• (registered 2025-04-01)Feb 11, 2025 · Advisor changed firm · fact
- S•••• S••••••• left C••••••• W••••• A•••••••• L•• for W••••• E••••••••• A••••••• S•••••••• L•• (registered 2025-02-03)Feb 11, 2025 · Advisor changed firm · fact
- 2 advisors left C••••••• W••••• A•••••••• L•• (Sammamish, WA) for W••••• E••••••••• A••••••• S•••••••• L•• on the same dayFeb 11, 2025 · Team lift-out · derived
- R••• S••••••• left C••••••• W••••• A•••••••• L•• for W••••• E••••••••• A••••••• S•••••••• L•• (registered 2025-02-03)Feb 11, 2025 · Advisor changed firm · fact
- C••••••• W••••• A•••••••• L•• reported RAUM $568.1M, up 193% from $193.6M (2021-03-26 to 2021-03-26)Mar 26, 2021 · RAUM change · derived
- C••••••• W••••• A•••••••• L•• reported RAUM $193.6M, down 36% from $304.6M (2019-12-13 to 2020-03-30)Mar 30, 2020 · RAUM change · derived
- Ray Ronald Boucher (Member And Investment Advisor Representative) no longer on Schedule A of C••••••• W••••• A•••••••• L•• (listed 2019-12-13, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- Benny Wing Won (Member And Investment Advisor Representative) no longer on Schedule A of C••••••• W••••• A•••••••• L•• (listed 2019-12-13, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- Bert Michael Coursey (Member And Investment Advisor Representative) no longer on Schedule A of C••••••• W••••• A•••••••• L•• (listed 2019-12-13, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- C••••••• A••••••• A••••••• filed its initial SEC registration (Form ADV)Feb 16, 2017 · 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
- clientservices@capstonewealthadvisors.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- jake@capstonewealthadvisors.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- rob@capstonewealthadvisors.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 503-881-0189reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 503-967-1388reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 503-967-1980reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 503-967-1980reportedpublic record, Form ADV, Mar 31, 2026
- Contact form
- capstonewealthadvisors.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- capstonewealthadvisors.com/team-memberreportedpublished by the firm, firm site, Sep 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
- $51.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026