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

Linden Thomas Advisory Services, LLC

Independent wealth managerCharlotte, North CarolinaCRD 288557SEC 801-110683websiteIAPD
Latest filing May 27, 2026
First filing on the tape May 22, 2017 · 37 filings
SEC status approved since Jun 23, 2017
RAUM
$1.8B
reported, Item 5.F
Discretionary
63%
of RAUM
Private clients
91%
$1.6B individuals and HNW
Advisors
10
registered through the firm on IAPD
RAUM per advisor
$177M
derived; firm RAUM over IAPD count
Employees
14
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
37 filings and snapshots on the tape
RAUM$1.8B as of May 27, 2026
Mar 31, 2018$0 then
HNW client RAUM$892M as of May 27, 2026
Mar 28, 2019$96.8M then
State-registered IARs (5.B.3)12 as of May 27, 2026
Mar 31, 20181 then
Employees (5.A)14 as of May 27, 2026
Mar 31, 20181 then
Private funds: no history
RAUM +8.4% over the last fiscal year+16% a year over threeIARs 11 to 12
Practice profile
derived from the filing of May 27, 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
  • 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
$177MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
127derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.1MderivedHNW RAUM over HNW clients
Average account
$249,115derivedRAUM over accounts (5.F.2.f)
Discretionary
63%derivedof RAUM
Institutional
8.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.4derivedItem 5.A over advisors
Advisors per office
10.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+8.4%derivedbetween the last two annual amendments
Advisor growth, one year
+9.1%derivedItem 5.B.3 between annual amendments
Client growth, one year
-14%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 consultingreportedItem 5.G
Wrap fee program
$2.5BreportedItem 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • marketing includes testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$892M50%
  • Individuals$720M41%
  • Pension and profit-sharing plans$155M8.7%
  • Charitable organizations$3.9M0.2%
  • Corporations and businesses$497,4430.0%
Individual clients
836reported
HNW clients
432reported
Pension plan clients
88reported
Charitable clients
5reported
Accounts
7,111reported
Financial planning clients
51-100reported
Wrap fee programs
$1.3B sponsored, $1.8B managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.91 fund_share=0.0 institutional_share=0.09 related_bd=true related_bank=false bd_reps=10.0derived
Advisors registered through the firm
10 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Bryan Leo KrakkerCharlotte, NcJun 15, 201825 y1
Stephen Linden ThomasCharlotte, NcJun 19, 201838 y2
Alexander John HillChartered Financial AnalystCharlotte, NcJun 20, 201815 y3
Bradley Joseph DavisCharlotte, NcDec 6, 202219 y2
Brandon Charles McphersonChartered Financial AnalystCharlotte, NcJun 7, 202411 y1
Gavin C FinnicalCertified Financial PlannerCharlotte, NcFeb 3, 202510 y1
Nick Christopher StockdaleCharlotte, NcJun 13, 202513 y3
Zachary Robert LadowskiCharlotte, NcJun 1, 202610 y0
Jack Robert LawrenceCertified Financial PlannerCharlotte, NcJun 12, 202614 y1
Luke Trustan StenzelCharlotte, NcJul 31, 202614 y0
Advisor movement
2 left, 1 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 20% of current headcount10 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Leon David Smith · Chief Compliance Officercontrol
      since 09/2025 · owns less than 5%
    • Linden Stephen Thomas · Managercontrol
      since 04/2017 · owns less than 5%
    • Linden Stephen Thomas · Membercontrol
      since 08/2017 · owns 75% or more of Linden Thomas Financial Group, LLC
    • Lee David Hunt · Chief Compliance Officer
      since 07/2024 · owns less than 5%
    Entity owners
    • Linden Thomas Financial Group, LLC · Member
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    Advisers that list Linden Thomas Advisory Services, LLC as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Charlotte, Nc · principal1032
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    ADV anomalies
    2 against comparable advisers; where to look, not conclusions
    • control person changedChange between filings · filing May 27, 2026
      SMITH, DAVID, LEON (CHIEF COMPLIANCE OFFICER) appeared on Schedule A between the filings of 2024-11-07 and 2026-05-27
      peers: independent wealth managers, $1B to $5B (1,360)
    • HNW share shiftChange between filings · filing Apr 2, 2026
      HNW share of RAUM moved from 86.0% to 50.0% between the annual amendments of 2025-03-28 and 2026-04-02
      peers: independent wealth managers, $1B to $5B (1,360)
    How anomalies are measured
    What changed
    consecutive filings, newest first
    • Accounts · 6,977 to 7,111
      Sep 12, 2025 to Apr 2, 2026
    • Advisory employees · 4 to 8
      Sep 12, 2025 to Apr 2, 2026
    • Charity clients · unset to 5.0
      Sep 12, 2025 to Apr 2, 2026
    • Corporate clients · 15 to 5
      Sep 12, 2025 to Apr 2, 2026
    • HNW clients · 1,233 to 432
      Sep 12, 2025 to Apr 2, 2026
    • Individual clients · 233 to 836
      Sep 12, 2025 to Apr 2, 2026
    • Pension plan clients · 109 to 88
      Sep 12, 2025 to Apr 2, 2026
    • Assets in custody · 45000000.0 to unset
      Sep 12, 2025 to Apr 2, 2026
    • Custody of client assets · true to false
      Sep 12, 2025 to Apr 2, 2026
    • Employees · 11 to 14
      Sep 12, 2025 to Apr 2, 2026
    • Insurance-licensed employees · 1 to 0
      Sep 12, 2025 to Apr 2, 2026
    • State-registered IARs · 11 to 12
      Sep 12, 2025 to Apr 2, 2026
    • Discretionary RAUM · $886M to $1.1B
      Sep 12, 2025 to Apr 2, 2026
    • HNW RAUM · $1.4B to $892M
      Sep 12, 2025 to Apr 2, 2026
    • Individual RAUM · $64.0M to $720M
      Sep 12, 2025 to Apr 2, 2026
    • Non-discretionary RAUM · $748M to $654M
      Sep 12, 2025 to Apr 2, 2026
    • Pension RAUM · $141M to $155M
      Sep 12, 2025 to Apr 2, 2026
    • RAUM · $1.6B to $1.8B
      Sep 12, 2025 to Apr 2, 2026
    • Wrap assets (manager) · $1.6B to $1.8B
      Sep 12, 2025 to Apr 2, 2026
    • Wrap assets (sponsor) · $1.0B to $1.3B
      Sep 12, 2025 to Apr 2, 2026
    • Accounts · 6,532 to 6,977
      Nov 7, 2024 to Mar 28, 2025
    • Corporate clients · 18 to 15
      Nov 7, 2024 to Mar 28, 2025
    • HNW clients · 1,176 to 1,233
      Nov 7, 2024 to Mar 28, 2025
    • Individual clients · 231 to 233
      Nov 7, 2024 to Mar 28, 2025
    • Pension plan clients · 121 to 109
      Nov 7, 2024 to Mar 28, 2025
    • Assets in custody · $23.5M to $45.0M
      Nov 7, 2024 to Mar 28, 2025
    • Financial planning clients · 51-100 to 51-100
      Nov 7, 2024 to Mar 28, 2025
    • Discretionary RAUM · $590M to $886M
      Nov 7, 2024 to Mar 28, 2025
    • HNW RAUM · $1.2B to $1.4B
      Nov 7, 2024 to Mar 28, 2025
    • Individual RAUM · $54.8M to $64.0M
      Nov 7, 2024 to Mar 28, 2025
    • Non-discretionary RAUM · $780M to $748M
      Nov 7, 2024 to Mar 28, 2025
    • Pension RAUM · $101M to $141M
      Nov 7, 2024 to Mar 28, 2025
    • RAUM · $1.4B to $1.6B
      Nov 7, 2024 to Mar 28, 2025
    • Wrap assets (manager) · unset to 1625744561.0
      Nov 7, 2024 to Mar 28, 2025
    • Wrap assets (sponsor) · unset to 1022535766.0
      Nov 7, 2024 to Mar 28, 2025
    • Accounts · 6,096 to 6,532
      Mar 1, 2024 to Mar 28, 2024
    • Advisory employees · 5 to 4
      Mar 1, 2024 to Mar 28, 2024
    • BD registered reps · 9 to 10
      Mar 1, 2024 to Mar 28, 2024
    • Corporate clients · 12 to 18
      Mar 1, 2024 to Mar 28, 2024
    • HNW clients · 580 to 1,176
      Mar 1, 2024 to Mar 28, 2024
    Signals
    18 dated events
    • Benjamin Chase Osborne left Linden Thomas Advisory Services, Llc for Schwab Wealth Advisory, Inc. (registered 2026-07-17)
      Jun 12, 2026 · Advisor changed firm · fact
    • Jonathan Omar Pickett left Linden Thomas Advisory Services, Llc for Advice And Planning Services (registered 2026-07-29)
      May 21, 2026 · Advisor changed firm · fact
    • Saundra Hudspeth left Linden Thomas Advisory Services, Llc for People'S United Advisors, Inc. (registered 2021-07-13)
      Aug 4, 2025 · Advisor changed firm · fact
    • James Roger Poole left Linden Thomas Advisory Services, Llc for Northwestern Mutual Investment Services,Llc (registered 2025-08-27)
      Mar 10, 2025 · Advisor changed firm · fact
    • Daniel A. Roberts left Linden Thomas Advisory Services, Llc for Indexperts, Llc (registered 2021-07-07)
      Dec 12, 2024 · Advisor changed firm · fact
    • Hunter Gregory Satcher left Linden Thomas Advisory Services, Llc for Merrill Lynch, Pierce, Fenner & Smith Incorporated (registered 2024-10-25)
      Oct 1, 2024 · Advisor changed firm · fact
    • Patrick Michael Kilcoyne left Linden Thomas Advisory Services, Llc for Advice And Planning Services (registered 2024-04-10)
      Mar 20, 2024 · Advisor changed firm · fact
    • Nick Christopher Stockdale left Linden Thomas Advisory Services, Llc for Forthright Capital (registered 2025-04-15)
      Feb 1, 2024 · Advisor changed firm · fact
    • John Anthony Polyviou left Linden Thomas Advisory Services, Llc for Ip Financial Advisory Services Llc (registered 2024-09-13)
      Jan 29, 2024 · Advisor changed firm · fact
    • Connor Richard Emmert left Linden Thomas Advisory Services, Llc for Ameriprise Financial Services, Llc (registered 2024-10-24)
      Dec 26, 2023 · Advisor changed firm · fact
    • John Harrigan left Linden Thomas Advisory Services, Llc for Woodbury Financial Services, Inc. (registered 2023-02-27)
      Feb 22, 2023 · Advisor changed firm · fact
    • Shannon Dale Burgett left Linden Thomas Advisory Services, Llc for Pnc Wealth Management (registered 2023-03-15)
      Jan 20, 2023 · Advisor changed firm · fact
    • Ryan Lindberg left Linden Thomas Advisory Services, Llc for Merrill Lynch, Pierce, Fenner & Smith Incorporated (registered 2023-01-26)
      Dec 5, 2022 · Advisor changed firm · fact
    • Boyd Barnhardt left Linden Thomas Advisory Services, Llc for Northwestern Mutual Investment Services,Llc (registered 2022-09-12)
      Jul 8, 2022 · Advisor changed firm · fact
    • Linden Thomas Advisory Services, Llc reported RAUM $1.3B, up 34% from $991.8M (2021-10-04 to 2022-03-25)
      Mar 25, 2022 · RAUM change · derived
    • Anthony Daniel Roberts (Chief Compliance Officer) appeared on Schedule A of Linden Thomas Advisory Services, Llc
      Mar 28, 2019 · Control person joined · fact
    • Linden Thomas Advisory Services, Llc reported RAUM $749.6M, up 650% from $100.0M (2018-06-27 to 2018-06-27)
      Jun 27, 2018 · RAUM change · derived
    • Strategic Index Advisors, Llc filed its initial SEC registration (Form ADV)
      May 22, 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 phone
    704-554-8150reportedpublished by the firm, firm site, Sep 17, 2026
    Business phone
    877-554-8150reportedpublished by the firm, firm site, Sep 17, 2026
    Website
    lindenthomas.comreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    (704) 554-8150reportedpublic record, Form ADV, May 27, 2026
    Contact form
    lindenthomas.com/contact-linden-thomasreportedpublished by the firm, firm site, Sep 17, 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
    $177Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026