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.
Former SEC-registered adviser
Marathon Wealth Management, Inc.
Latest filing May 5, 2026
First filing on the tape Aug 9, 2017 · 20 filings
SEC status approved since Sep 8, 2017
RAUM
$151M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$151M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
2
1 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$151M as of May 5, 2026
Mar 23, 2018$94.4M then
HNW client RAUM$134M as of May 5, 2026
Mar 23, 2018$51.2M then
State-registered IARs (5.B.3)1 as of May 5, 2026
Mar 23, 20181 then
Employees (5.A)2 as of May 5, 2026
Mar 23, 20182 then
Private funds: no history
RAUM +12% over the last fiscal year+15% a year over threeIARs 1 to 1
Practice profile
derived from the filing of May 5, 2026; every figure names its basis
- RAUM per advisor
- $151MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 65derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.3MderivedHNW RAUM over HNW clients
- Average account
- $752,700derivedRAUM 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
- 0.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +12%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -5.8%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 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$134M89%
- Individuals$16.6M11%
- Individual clients
- 25reported
- HNW clients
- 40reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 200reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- 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
1 left, 0 joined in 12 months
net -1 in 12 months1 left in 90 days0 joined in 90 days1 left over 36 months
Left, latest
- Aaron D Lieberman to Modera Wealth Management, LLCAug 17, 2026 · RIA to RIA
Joined, latest
- Aaron D Lieberman from Wells Fargo AdvisorsJul 9, 2021 · Wirehouse to independent RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- D Aaron Lieberman · Managing Principal, President And Chief Compliance Officercontrolsince 10/2017 · 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 |
|---|---|---|---|---|---|
| Melville, Ny · principal | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Albany, NY1 employees
What changed
consecutive filings, newest first
- Accounts · 210 to 200Feb 21, 2025 to Feb 19, 2026
- Individual clients · 29 to 25Feb 21, 2025 to Feb 19, 2026
- Discretionary RAUM · $134M to $151MFeb 21, 2025 to Feb 19, 2026
- HNW RAUM · $120M to $134MFeb 21, 2025 to Feb 19, 2026
- Individual RAUM · $14.4M to $16.6MFeb 21, 2025 to Feb 19, 2026
- RAUM · $134M to $151MFeb 21, 2025 to Feb 19, 2026
- Accounts · 237 to 210Feb 9, 2024 to Feb 21, 2025
- HNW clients · 20 to 40Feb 9, 2024 to Feb 21, 2025
- Individual clients · 55 to 29Feb 9, 2024 to Feb 21, 2025
- Financial planning clients · 11-25 to 11-25Feb 9, 2024 to Feb 21, 2025
- Discretionary RAUM · $120M to $134MFeb 9, 2024 to Feb 21, 2025
- HNW RAUM · $61.4M to $120MFeb 9, 2024 to Feb 21, 2025
- Individual RAUM · $56.7M to $14.4MFeb 9, 2024 to Feb 21, 2025
- Pension RAUM · 1561006.0 to unsetFeb 9, 2024 to Feb 21, 2025
- RAUM · $120M to $134MFeb 9, 2024 to Feb 21, 2025
- Accounts · 200 to 237Feb 10, 2023 to Feb 9, 2024
- HNW clients · 15 to 20Feb 10, 2023 to Feb 9, 2024
- Individual clients · 60 to 55Feb 10, 2023 to Feb 9, 2024
- Financial planning clients · 0 to 11-25Feb 10, 2023 to Feb 9, 2024
- Other offices · 0 to 1Feb 10, 2023 to Feb 9, 2024
- Discretionary RAUM · $100M to $120MFeb 10, 2023 to Feb 9, 2024
- HNW RAUM · $60.0M to $61.4MFeb 10, 2023 to Feb 9, 2024
- Individual RAUM · $40.0M to $56.7MFeb 10, 2023 to Feb 9, 2024
- Pension RAUM · unset to 1561006.0Feb 10, 2023 to Feb 9, 2024
- RAUM · $100M to $120MFeb 10, 2023 to Feb 9, 2024
- Accounts · 219 to 200Mar 21, 2022 to Feb 10, 2023
- HNW clients · 25 to 15Mar 21, 2022 to Feb 10, 2023
- Financial planning clients · 1-10 to 0Mar 21, 2022 to Feb 10, 2023
- Discretionary RAUM · $115M to $100MMar 21, 2022 to Feb 10, 2023
- HNW RAUM · $51.6M to $60.0MMar 21, 2022 to Feb 10, 2023
- Individual RAUM · $63.4M to $40.0MMar 21, 2022 to Feb 10, 2023
- RAUM · $115M to $100MMar 21, 2022 to Feb 10, 2023
- Accounts · 215 to 219Nov 16, 2021 to Mar 18, 2022
- HNW clients · 35 to 25Nov 16, 2021 to Mar 18, 2022
- Individual clients · 45 to 60Nov 16, 2021 to Mar 18, 2022
- Discretionary RAUM · $99.5M to $115MNov 16, 2021 to Mar 18, 2022
- HNW RAUM · $81.0M to $51.6MNov 16, 2021 to Mar 18, 2022
- Individual RAUM · $18.5M to $63.4MNov 16, 2021 to Mar 18, 2022
- RAUM · $99.5M to $115MNov 16, 2021 to Mar 18, 2022
- Accounts · 95 to 215Jun 24, 2020 to Mar 27, 2021
Signals
3 dated events
- Marathon Wealth Management, Inc. no longer on the SEC adviser roster (last listed 2026-08-03, RAUM $150.5M)Sep 1, 2026 · Left the SEC roster · derived
- Aaron D Lieberman left Marathon Wealth Management, Inc. for Modera Wealth Management, Llc (registered 2026-08-03)Aug 17, 2026 · Advisor changed firm · fact
- Marathon Wealth Management, Inc. filed its initial SEC registration (Form ADV)Aug 9, 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.
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