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

Fortress Private Ledger, LLC

Independent wealth managerRaleigh, North CarolinaCRD 290298SEC 801-118075websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Jan 14, 2020 · 29 filings
SEC status approved since Feb 18, 2020
RAUM
$584M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
81%
$473M individuals and HNW
Advisors
19
registered through the firm on IAPD
RAUM per advisor
$30.7M
derived; firm RAUM over IAPD count
Employees
22
13 advisory (5.B.1)
Offices
6
beyond the principal office
Private funds
0
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$584M as of Mar 31, 2026
Mar 30, 2021$99.4M then
HNW client RAUM$260M as of Mar 31, 2026
Mar 30, 2021$48.8M then
State-registered IARs (5.B.3)13 as of Mar 31, 2026
Mar 30, 20218 then
Employees (5.A)22 as of Mar 31, 2026
Mar 30, 202117 then
Private funds: no history
RAUM +69% over the last fiscal year+60% a year over threeIARs 15 to 13offices 5 to 6
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$30.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
36derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.7MderivedHNW RAUM over HNW clients
Average account
$382,184derivedRAUM over accounts (5.F.2.f)
Discretionary
98%derivedof RAUM
Institutional
17%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.2derivedItem 5.A over advisors
Advisors per office
2.7derived7 offices incl. principal (1.F.5)
RAUM growth, one year
+69%derivedbetween the last two annual amendments
Advisor growth, one year
-13%derivedItem 5.B.3 between annual amendments
Client growth, one year
+38%derived
Compensation
percentage of assets, hourly, fixed fees, performance-basedreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, otherreportedItem 5.G
Financial planning clients
531reportedItem 5.H
Wrap fee program
$148MreportedItem 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
  • is a broker-dealer (6.A.1)
  • is an insurance broker or agent (6.A.6)
  • 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 testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$260M45%
  • Individuals$213M36%
  • Pension and profit-sharing plans$99.3M17%
  • Corporations and businesses$11.9M2.0%
Individual clients
583reported
HNW clients
98reported
Pension plan clients
10reported
Charitable clients
n/areported
Accounts
1,528reported
Financial planning clients
531reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourly, performancereported
Class basis
private_client_share=0.81 fund_share=0.0 institutional_share=0.17 related_bd=false related_bank=false bd_reps=16.0derived
Advisors registered through the firm
19 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Christopher Joseph GureRaleigh, Nc Aug 16, 201812 y1
Joseph Nicholas GrabarCertified Financial PlannerRaleigh, Nc Aug 16, 201830 y2
William John ZimmerPisgah Forrest, Nc Nov 20, 201815 y1
Michael Richard HemmerichDurham, Nc Jul 11, 201913 y1
Kent GravelyCertified Financial PlannerMount Airy, Nc Aug 26, 201920 y2
Kyle J RothRaleigh, NcSep 11, 201929 y0
Jill I HomanRaleigh, NcMar 1, 202115 y0
David Harold GrubbsCertified Financial Planner, Chartered Financial ConsultantRaleigh, Nc Jan 26, 202229 y5
Douglas Theodore CarpenterChartered Financial AnalystRaleigh, NcMar 31, 202242 y0
Earl Scott ButcherRaleigh, Nc Sep 13, 202320 y0
Adam Lawrence SmithRaleigh, Nc Jun 17, 202413 y1
Kevin Grant BrownCertified Financial PlannerRaleigh, Nc Jul 9, 202410 y2
David Jeffrey HermanGreenville, Sc Sep 5, 202438 y1
William Dean CottonRaleigh, Nc Nov 13, 202426 y1
Michael Joseph NoppingerBaltimore, Md Jun 19, 202516 y0
Jay David MckinneyRaleigh, Nc Jan 30, 202616 y0
Brandon Alan WallsClemmons, Nc Feb 2, 202611 y2
Kristopher Alexander RoperCertified Financial PlannerMonroe, Nc Jun 18, 202611 y3
David Lewis MonkRaleigh, Nc Jun 19, 202613 y1
Advisor movement
0 left, 3 joined in 12 months
net +3 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount5 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
    • Joseph Nicholas III Grabar · Ceo/Cco/Trusteecontrol
      since 11/2017 · owns less than 5%
    • Ana R Carter · Finop/Cfo/Pfo/Poo
      since 04/2018 · owns less than 5%
    • Christopher Joseph Gure · Owner
      since 01/2023 · owns 25% to 50%
    Entity owners
    • The Joseph N. Grabar, III Revocable Trust Dated May 14, 2004 · Owner
      direct · owns 50% to 75%
    Related persons
    Schedule D 7.A
    • Earl Scott Butcher
      real estaten
    • Gure Capital, LLC
      real estaten
    • Jg3, LLC
      real estaten
    • Jill Homan
      investment companyn
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Raleigh, Nc · principal1940
    Offices
    Schedule D 1.F, the 25 largest
    • Durham, NC1 employees
    • Huntersville, NC1 employees
    • Mount Airy, NC1 employees
    • Richlands, VA1 employees
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • RAUM up 50 %Change between filings · filing Mar 31, 2026
      RAUM (Item 5.F) moved from $346,106,253 to $583,977,291 (+69.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +16.0% (1386 comparable advisers, 96.0th percentile of changes)
      peers: independent wealth managers, $500M to $1B (1,386) · 96% percentile
    How anomalies are measured
    What changed
    consecutive filings, newest first
    • Accounts · 1,115 to 1,528
      Mar 31, 2025 to Mar 31, 2026
    • Advisory employees · 15 to 13
      Mar 31, 2025 to Mar 31, 2026
    • BD registered reps · 17 to 16
      Mar 31, 2025 to Mar 31, 2026
    • Corporate clients · 8 to 13
      Mar 31, 2025 to Mar 31, 2026
    • Individual clients · 394 to 583
      Mar 31, 2025 to Mar 31, 2026
    • Pension plan clients · 2 to 10
      Mar 31, 2025 to Mar 31, 2026
    • Employees · 26 to 22
      Mar 31, 2025 to Mar 31, 2026
    • Financial planning clients · 251-500 to More than 500
      Mar 31, 2025 to Mar 31, 2026
    • State-registered IARs · 15 to 13
      Mar 31, 2025 to Mar 31, 2026
    • Other offices · 5 to 6
      Mar 31, 2025 to Mar 31, 2026
    • Discretionary RAUM · $299M to $571M
      Mar 31, 2025 to Mar 31, 2026
    • HNW RAUM · $178M to $260M
      Mar 31, 2025 to Mar 31, 2026
    • Individual RAUM · $115M to $213M
      Mar 31, 2025 to Mar 31, 2026
    • Non-discretionary RAUM · $47.6M to $13.4M
      Mar 31, 2025 to Mar 31, 2026
    • Pension RAUM · $50.4M to $99.3M
      Mar 31, 2025 to Mar 31, 2026
    • RAUM · $346M to $584M
      Mar 31, 2025 to Mar 31, 2026
    • Accounts · 691 to 1,115
      Jan 2, 2025 to Mar 31, 2025
    • BD registered reps · 13 to 17
      Jan 2, 2025 to Mar 31, 2025
    • HNW clients · 80 to 98
      Jan 2, 2025 to Mar 31, 2025
    • Individual clients · 258 to 394
      Jan 2, 2025 to Mar 31, 2025
    • Pension plan clients · 33 to 2
      Jan 2, 2025 to Mar 31, 2025
    • Employees · 23 to 26
      Jan 2, 2025 to Mar 31, 2025
    • Financial planning clients · 251-500 to 251-500
      Jan 2, 2025 to Mar 31, 2025
    • Other offices · 4 to 5
      Jan 2, 2025 to Mar 31, 2025
    • Discretionary RAUM · $198M to $299M
      Jan 2, 2025 to Mar 31, 2025
    • HNW RAUM · $99.7M to $178M
      Jan 2, 2025 to Mar 31, 2025
    • Individual RAUM · $51.6M to $115M
      Jan 2, 2025 to Mar 31, 2025
    • Non-discretionary RAUM · $2.8M to $47.6M
      Jan 2, 2025 to Mar 31, 2025
    • Pension RAUM · $47.0M to $50.4M
      Jan 2, 2025 to Mar 31, 2025
    • RAUM · $201M to $346M
      Jan 2, 2025 to Mar 31, 2025
    • Accounts · 424 to 691
      Sep 29, 2023 to Apr 1, 2024
    • Advisory employees · 13 to 15
      Sep 29, 2023 to Apr 1, 2024
    • BD registered reps · 11 to 13
      Sep 29, 2023 to Apr 1, 2024
    • Corporate clients · 5 to 8
      Sep 29, 2023 to Apr 1, 2024
    • HNW clients · 50 to 80
      Sep 29, 2023 to Apr 1, 2024
    • Individual clients · 155 to 258
      Sep 29, 2023 to Apr 1, 2024
    • Pension plan clients · 31 to 33
      Sep 29, 2023 to Apr 1, 2024
    • Employees · 21 to 23
      Sep 29, 2023 to Apr 1, 2024
    • Financial planning clients · 101-250 to 251-500
      Sep 29, 2023 to Apr 1, 2024
    • State-registered IARs · 13 to 15
      Sep 29, 2023 to Apr 1, 2024
    Signals
    9 dated events
    • 2 advisors left Sparta Wealth Partners (Charlotte, NC) for Fortress Private Ledger, LLC on the same day
      Jun 16, 2026 · Team lift-out · derived
    • Fortress Private Ledger, Llc reported RAUM $584.0M, up 69% from $346.1M (2025-03-31 to 2026-03-31)
      Mar 31, 2026 · RAUM change · derived
    • Sean Samuel Planchard left Fortress Private Ledger, Llc for Torrey Growth & Income Advisors, Llc (registered 2025-05-23)
      May 23, 2025 · Advisor changed firm · fact
    • Brent James Godwin left Fortress Private Ledger, Llc for Redhawk Wealth Advisors, Inc. (registered 2025-07-22)
      May 16, 2025 · Advisor changed firm · fact
    • Michael Brooke Davis left Fortress Private Ledger, Llc for Kcd Financial, Inc. (registered 2025-04-21)
      Apr 17, 2025 · Advisor changed firm · fact
    • Fortress Private Ledger, Llc reported RAUM $346.1M, up 72% from $200.7M (2025-01-02 to 2025-03-31)
      Mar 31, 2025 · RAUM change · derived
    • Amanda Rosplock Campbell left Fortress Private Ledger, Llc for Northwestern Mutual Investment Services,Llc (registered 2025-01-08)
      Nov 1, 2024 · Advisor changed firm · fact
    • Jacob Aaron Halsey left Fortress Private Ledger, Llc for D.A. Davidson & Co. (registered 2024-08-26)
      Aug 16, 2024 · Advisor changed firm · fact
    • Fortress Private Ledger, Llc filed its initial SEC registration (Form ADV)
      Jan 14, 2020 · 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
    Firm profile
    linkedin.com/company/fortress-financial-partnersreportedpublic record, Form ADV, Sep 17, 2026
    Website
    fortressfp.emotomy.com/emotomy/getStarted.phpreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    919-322-2761reportedpublic record, Form ADV, Mar 31, 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
    $30.7Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026