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
T••••••••• C•••••• L••
Latest filing Mar 25, 2026
First filing on the tape Dec 1, 2017 · 36 filings
SEC status approved since Jan 5, 2018
RAUM
$661M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
98%
$645M individuals and HNW
Advisors
15
registered through the firm on IAPD
RAUM per advisor
$44.1M
derived; firm RAUM over IAPD count
Employees
17
15 advisory (5.B.1)
Offices
14
beyond the principal office
Private funds
1
reported on Schedule D
History
36 filings and snapshots on the tape
RAUM$661M as of Mar 25, 2026
Mar 26, 2019$266M then
HNW client RAUM$270M as of Mar 25, 2026
Mar 26, 2019$131M then
State-registered IARs (5.B.3)15 as of Mar 25, 2026
Mar 26, 20197 then
Employees (5.A)17 as of Mar 25, 2026
Mar 26, 20198 then
Private funds1 as of Mar 25, 2026
Sep 5, 20251 then
RAUM +9.9% over the last fiscal year+35% a year over threeIARs 16 to 15offices 12 to 14
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
Archetypes, each a printed rule
- ria with p•••••• funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $44.1MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 88derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.3MderivedHNW RAUM over HNW clients
- Average account
- $260,046derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 1.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.1derivedItem 5.A over advisors
- Advisors per office
- 1.0derived15 offices incl. principal (1.F.5)
- RAUM growth, one year
- +9.9%derivedbetween the last two annual amendments
- Advisor growth, one year
- -6.3%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -10%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- Custody
- $6.5M, 1 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)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$374M57%
- High-net-worth individuals$270M41%
- Pension and profit-sharing plans$9.4M1.4%
- Pooled investment vehicles$6.5M1.0%
- Individual clients
- 1,199reported
- HNW clients
- 117reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 2,541reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $6.5M for 1 clientsreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.98 fund_share=0.01 institutional_share=0.01 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
15 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| K•••• D••••• M•••••• | Sarasota, Fl | Feb 19, 2018 | 26 y | 1 |
| M•••••• W•••• W••••••• | Chicago, Il | Sep 4, 2018 | 42 y | 4 |
| S•••• B• S••••••••• | Sarasota, Fl | Oct 12, 2018 | 12 y | 0 |
| J••• J••••• K••••••• | Chicago, Il | Feb 4, 2019 | 11 y | 0 |
| S•••• R•••••• E••••• | Napels, Fl | Oct 30, 2019 | 23 y | 0 |
| K•••• J•• M•••••••• | Vero Beach, Fl | Mar 20, 2020 | 41 y | 1 |
| P••••• T••••• Q••••••Certified Financial Planner | Sarasota, Fl | Nov 29, 2022 | 36 y | 2 |
| M••••• B•••• M•••••• | Lincolnshire, Il | Sep 1, 2023 | 16 y | 1 |
| D••••• L•• K•••• | Arroyo Grande, Ca | Jan 3, 2024 | 33 y | 4 |
| W•••• K•••••••• C••••••• | Bellingham, Wa | Oct 21, 2024 | 23 y | 0 |
| D••••• M••• S•••••••Certified Financial Planner, Personal Financial Specialist | Sarasota, Fl | Oct 21, 2024 | 46 y | 4 |
| R••••• J••• L•••••Certified Financial Planner, Chartered Financial Consultant | Sarasota, Fl | Jan 1, 2025 | 34 y | 5 |
| N•••••• A•••••• R•••••••• | Trinity, Fl | Jan 2, 2025 | 11 y | 0 |
| M•••••• A•••••••• W•••••• | Sarasota, Fl | Dec 22, 2025 | 15 y | 4 |
| S••• A•••• M•••• | Fresno, Ca | Sep 17, 2026 | 24 y | 4 |
Advisor movement
1 left, 2 joined in 12 months
net +1 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 6.7% of current headcount1 left over 36 months
Left, latest
- D•••• C••• H•••• to A••••••• A••••• L••Nov 13, 2025 · RIA to RIA
- K•••••••• T• A•••••••• to W••••• P•• A•••••••• I•••Feb 27, 2020 · RIA to a newly registered adviser
- D•••• G••••• S•••• to W••••• P•• A•••••••• I•••Feb 27, 2020 · RIA to RIA
- E••••• A•• L••••• to R•••• C•••••• A••••••• I•••Feb 21, 2019 · RIA to a newly registered adviser
- G•••••• T••••• P•••••• to R•••• C•••••• A••••••• I•••Feb 5, 2019 · RIA to a newly registered adviser
Joined, latest
- S••• A•••• M•••• from M••••• I••••••••• L••Sep 17, 2026 · RIA to RIA
- M•••••• A•••••••• W•••••• from V••••• C•••••• M••••••••• L••Dec 22, 2025 · RIA to RIA
- D••••• M••• S••••••• from A••••••••• F•••••••• S•••••••• L••Oct 21, 2024 · Affiliated broker-dealer or bank to independent RIA
- B•••• K•••• S••••• from S••••••••• W•••••Jul 14, 2024 · Other
- D••••• L•• K•••• from P••••••••• F•••••••• G••••• I•••Jan 3, 2024 · RIA to RIA
- M••••• B•••• M•••••• from C••••• I••••••••• A••••••• L••Sep 1, 2023 · Affiliated broker-dealer or bank to independent RIA
- P••••• T••••• Q•••••• from I•••••••• A•••••••• L••Nov 29, 2022 · RIA to RIA
- K•••• J•• M•••••••• from T•• M•••••••• G••••Mar 20, 2020 · Other
- D•••• C••• H•••• from M••••• I••••••••• L••Feb 6, 2020 · RIA to RIA
- D•••• G••••• S•••• from W••••• P•• A•••••••• I•••Mar 18, 2019 · Other
- E••••• A•• L••••• from P•••••• V••••• L••Mar 14, 2018 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for W••••• P•• A•••••••• I•••Feb 27, 2020 · Sarasota, Fl
- 4 joined from T••••••••• C•••••• L••Mar 13, 2018 · Bradenton, Fl · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- M••••••• K••••• D••••• · Managing Membercontrolsince 08/2017 · owns less than 5%
- W•••••••• M••••••• W•••• · Member/Ccocontrolsince 08/2017 · owns less than 5%
Entity owners
- T••••••••• A•••• M••••••••• L•• · Memberdirect · owns 75% or more
- E•••• W••••• A••••••• L•• · Memberindirect · owns 25% to 50% of T••••••••• A•••• M••••••••• L••
- S••••••••• W••••••• L•• · Memberindirect · owns 25% to 50% of T••••••••• A•••• M••••••••• L••
Related persons
Schedule D 7.A
- E•••• W••••• A•••••••• L••real estaten
Advisers that list T••••••••• C•••••• L•• as a related person
- 149094 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Sarasota, Fl · principal | 16 | 2 | 1 | ||
| Chicago, Il | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Chicago, IL2 employees
- Bellingham, WA1 employees
- Fort Myers, FL1 employees
- Melbourne, FL1 employees
- Seattle, WA1 employees
- Trinity, FL1 employees
- Vero Beach, FL1 employees
- Beavercreek, OH1 employees
- , 1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- affiliate changedChange between filings · filing Mar 25, 2026insurance affiliate (Item 7.A.10): yes on the filing of 2025-09-05, no on the filing of 2026-03-25peers: independent wealth managers, $500M to $1B (1,482)
- custody status changedChange between filings · filing Mar 25, 2026custody of client assets (Item 9.A): no on the filing of 2025-09-05, yes on the filing of 2026-03-25peers: independent wealth managers, $500M to $1B (1,482)
What changed
consecutive filings, newest first
- Accounts · 2,712 to 2,541Sep 5, 2025 to Mar 25, 2026
- Advisory employees · 16 to 15Sep 5, 2025 to Mar 25, 2026
- HNW clients · 128 to 117Sep 5, 2025 to Mar 25, 2026
- Individual clients · 1,340 to 1,199Sep 5, 2025 to Mar 25, 2026
- Pension plan clients · 5.0 to unsetSep 5, 2025 to Mar 25, 2026
- Pooled vehicle clients · unset to 1.0Sep 5, 2025 to Mar 25, 2026
- Assets in custody · unset to 6500000.0Sep 5, 2025 to Mar 25, 2026
- Custody of client assets · false to trueSep 5, 2025 to Mar 25, 2026
- Employees · 16 to 17Sep 5, 2025 to Mar 25, 2026
- Insurance-licensed employees · 1 to 0Sep 5, 2025 to Mar 25, 2026
- State-registered IARs · 16 to 15Sep 5, 2025 to Mar 25, 2026
- Other offices · 12 to 14Sep 5, 2025 to Mar 25, 2026
- Discretionary RAUM · $587M to $638MSep 5, 2025 to Mar 25, 2026
- HNW RAUM · $267M to $270MSep 5, 2025 to Mar 25, 2026
- Individual RAUM · $334M to $374MSep 5, 2025 to Mar 25, 2026
- Non-discretionary RAUM · $14.6M to $22.5MSep 5, 2025 to Mar 25, 2026
- Pension RAUM · $265,998 to $9.4MSep 5, 2025 to Mar 25, 2026
- Pooled vehicle RAUM · $0 to $6.5MSep 5, 2025 to Mar 25, 2026
- RAUM · $601M to $661MSep 5, 2025 to Mar 25, 2026
- Related adviser · true to falseSep 5, 2025 to Mar 25, 2026
- Related insurance company · true to falseSep 5, 2025 to Mar 25, 2026
- Advisory activities · 3 to 4Mar 11, 2025 to Sep 5, 2025
- Private funds · unset to 1Mar 11, 2025 to Sep 5, 2025
- Accounts · 1,587 to 2,712Dec 11, 2024 to Mar 11, 2025
- Advisory employees · 14 to 16Dec 11, 2024 to Mar 11, 2025
- HNW clients · 46 to 128Dec 11, 2024 to Mar 11, 2025
- Individual clients · 792 to 1,340Dec 11, 2024 to Mar 11, 2025
- Pension plan clients · unset to 5.0Dec 11, 2024 to Mar 11, 2025
- Employees · 14 to 16Dec 11, 2024 to Mar 11, 2025
- Insurance-licensed employees · 0 to 1Dec 11, 2024 to Mar 11, 2025
- Financial planning clients · 1-10 to 1-10Dec 11, 2024 to Mar 11, 2025
- State-registered IARs · 14 to 16Dec 11, 2024 to Mar 11, 2025
- Discretionary RAUM · $288M to $587MDec 11, 2024 to Mar 11, 2025
- HNW RAUM · $103M to $267MDec 11, 2024 to Mar 11, 2025
- Individual RAUM · $260M to $334MDec 11, 2024 to Mar 11, 2025
- Non-discretionary RAUM · $74.4M to $14.6MDec 11, 2024 to Mar 11, 2025
- Pension RAUM · $0 to $265,998Dec 11, 2024 to Mar 11, 2025
- RAUM · $363M to $601MDec 11, 2024 to Mar 11, 2025
- Related adviser · false to trueDec 11, 2024 to Mar 11, 2025
- Insurance-licensed employees · 1 to 0Oct 21, 2024 to Dec 11, 2024
Signals
7 dated events
- D•••• C••• H•••• left T••••••••• C•••••• L•• for A••••••• A••••• L•• (registered 2025-05-16)Nov 13, 2025 · Advisor changed firm · fact
- T••••••••• C•••••• L•• reported RAUM $601.2M, up 66% from $362.7M (2024-12-11 to 2025-03-11)Mar 11, 2025 · RAUM change · derived
- George David Szabo (Elected Manager) no longer on Schedule A of T••••••••• C•••••• L•• (listed 2019-12-18, absent 2020-03-11)Mar 11, 2020 · Control person left · inference
- J••••• L•••• B•••• (Chief Compliance Officer) no longer on Schedule A of T••••••••• C•••••• L•• (listed 2019-12-18, absent 2020-03-11)Mar 11, 2020 · Control person left · inference
- Thomas Gregory Pacitti (Managing Partner) no longer on Schedule A of T••••••••• C•••••• L•• (listed 2018-12-19, absent 2019-03-26)Mar 26, 2019 · Control person left · inference
- T••••••••• C•••••• L•• reported RAUM $260.0M, up 98% from $131.0M (2018-06-22 to 2018-08-28)Aug 28, 2018 · RAUM change · derived
- T••••••••• C•••••• L•• filed its initial SEC registration (Form ADV)Dec 1, 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
- kathy@spicerwealth.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 937-426-3836reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 937-458-0278reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- spicerwealth.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (855) 955-1982reportedpublic record, Form ADV, Mar 25, 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
- $44.1Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026