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

R•• W••••• M••••••••• L••

Independent wealth managerNewport Beach, CaliforniaCRD 291029SEC 801-112189websiteIAPD
Latest filing Mar 4, 2026
First filing on the tape Nov 16, 2017 · 15 filings
SEC status approved since Dec 20, 2017
RAUM
$452M
reported, Item 5.F
Discretionary
93%
of RAUM
Private clients
95%
$431M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$113M
derived; firm RAUM over IAPD count
Employees
7
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$452M as of Mar 4, 2026
Apr 6, 2018$182M then
HNW client RAUM$231M as of Mar 4, 2026
Apr 6, 2018$124M then
State-registered IARs (5.B.3)4 as of Mar 4, 2026
Apr 6, 20182 then
Employees (5.A)7 as of Mar 4, 2026
Apr 6, 20184 then
Private funds: no history
RAUM +12% over the last fiscal year+13% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 4, 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
RAUM per advisor
$113MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
105derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.8MderivedHNW RAUM over HNW clients
Average account
$386,422derivedRAUM over accounts (5.F.2.f)
Discretionary
93%derivedof RAUM
Institutional
4.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.8derivedItem 5.A over advisors
Advisors per office
4.0derived1 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
+3.7%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
Custody
$156M, 202 clientsreportedItem 9.A
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)
  • has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$231M51%
  • Individuals$200M44%
  • Pension and profit-sharing plans$20.4M4.5%
  • Charitable organizations$726,8150.2%
Individual clients
296reported
HNW clients
125reported
Pension plan clients
1reported
Charitable clients
4reported
Accounts
1,170reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$156M for 202 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.95 fund_share=0.0 institutional_share=0.05 related_bd=true related_bank=false bd_reps=4.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
M•••••• A•••• B••••••Certified Financial PlannerNewport Beach, CaDec 26, 201726 y3
N••••• A•••••••• P••••••Newport Beach, CaJan 18, 201928 y2
J••• D•••• W••••Newport Beach, CaJul 16, 202611 y0
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 25% of current headcount2 left over 36 months
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
  • B••••••• M••••••• A•••• · President And Chief Compliance Officercontrol
    since 11/2017 · 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
OfficeAdvisorsJoinedLeftTeams outForming
Newport Beach, Ca · principal311
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • HNW share shiftChange between filings · filing Mar 4, 2026
    HNW share of RAUM moved from 72.0% to 51.0% between the annual amendments of 2025-03-19 and 2026-03-04
    peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
  • Accounts · 1,191 to 1,170
    Mar 19, 2025 to Mar 4, 2026
  • Charity clients · 3 to 4
    Mar 19, 2025 to Mar 4, 2026
  • HNW clients · 95 to 125
    Mar 19, 2025 to Mar 4, 2026
  • Individual clients · 311 to 296
    Mar 19, 2025 to Mar 4, 2026
  • Assets in custody · $169M to $156M
    Mar 19, 2025 to Mar 4, 2026
  • Employees · 5 to 7
    Mar 19, 2025 to Mar 4, 2026
  • Discretionary RAUM · $373M to $422M
    Mar 19, 2025 to Mar 4, 2026
  • HNW RAUM · $292M to $231M
    Mar 19, 2025 to Mar 4, 2026
  • Individual RAUM · $92.9M to $200M
    Mar 19, 2025 to Mar 4, 2026
  • Non-discretionary RAUM · $30.7M to $29.6M
    Mar 19, 2025 to Mar 4, 2026
  • Pension RAUM · $17.3M to $20.4M
    Mar 19, 2025 to Mar 4, 2026
  • RAUM · $404M to $452M
    Mar 19, 2025 to Mar 4, 2026
  • Accounts · 1,095 to 1,191
    Mar 18, 2024 to Mar 19, 2025
  • Advisory employees · 3 to 2
    Mar 18, 2024 to Mar 19, 2025
  • BD registered reps · 5 to 4
    Mar 18, 2024 to Mar 19, 2025
  • HNW clients · 139 to 95
    Mar 18, 2024 to Mar 19, 2025
  • Individual clients · 265 to 311
    Mar 18, 2024 to Mar 19, 2025
  • Assets in custody · $234M to $169M
    Mar 18, 2024 to Mar 19, 2025
  • Employees · 6 to 5
    Mar 18, 2024 to Mar 19, 2025
  • Financial planning clients · 1-10 to 1-10
    Mar 18, 2024 to Mar 19, 2025
  • State-registered IARs · 2 to 4
    Mar 18, 2024 to Mar 19, 2025
  • Discretionary RAUM · $327M to $373M
    Mar 18, 2024 to Mar 19, 2025
  • HNW RAUM · $286M to $292M
    Mar 18, 2024 to Mar 19, 2025
  • Individual RAUM · $52.9M to $92.9M
    Mar 18, 2024 to Mar 19, 2025
  • Non-discretionary RAUM · $29.4M to $30.7M
    Mar 18, 2024 to Mar 19, 2025
  • Pension RAUM · $16.0M to $17.3M
    Mar 18, 2024 to Mar 19, 2025
  • RAUM · $356M to $404M
    Mar 18, 2024 to Mar 19, 2025
  • Accounts · 956 to 1,095
    Mar 9, 2023 to Mar 18, 2024
  • Advisory employees · 2 to 3
    Mar 9, 2023 to Mar 18, 2024
  • BD registered reps · 4 to 5
    Mar 9, 2023 to Mar 18, 2024
  • Charity clients · 2 to 3
    Mar 9, 2023 to Mar 18, 2024
  • HNW clients · 117 to 139
    Mar 9, 2023 to Mar 18, 2024
  • Individual clients · 252 to 265
    Mar 9, 2023 to Mar 18, 2024
  • Pension plan clients · unset to 1.0
    Mar 9, 2023 to Mar 18, 2024
  • Assets in custody · $134M to $234M
    Mar 9, 2023 to Mar 18, 2024
  • Discretionary RAUM · $280M to $327M
    Mar 9, 2023 to Mar 18, 2024
  • HNW RAUM · $256M to $286M
    Mar 9, 2023 to Mar 18, 2024
  • Individual RAUM · $52.7M to $52.9M
    Mar 9, 2023 to Mar 18, 2024
  • Non-discretionary RAUM · $28.9M to $29.4M
    Mar 9, 2023 to Mar 18, 2024
  • Pension RAUM · unset to 16038869.0
    Mar 9, 2023 to Mar 18, 2024
Signals
3 dated events
  • T••••• A••• H•••••• left R•• W••••• M••••••••• L•• for A•••• O•• W••••• M••••••••• L•• (registered 2026-04-22)
    Mar 30, 2026 · Advisor changed firm · fact
  • A••••• L••••••• V•••••• left R•• W••••• M••••••••• L•• for L•• F•••••••• L•• (registered 2024-12-13)
    Dec 13, 2024 · Advisor changed firm · fact
  • R•••• A•••••••• L•• filed its initial SEC registration (Form ADV)
    Nov 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
Website
w••.r•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
949-945-2104reportedpublic record, Form ADV, Mar 4, 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
$113Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026