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
W•••••• A•••••••
Legal name R•••• W•••••• I••••••••• A•••••••• L••
Latest filing Mar 23, 2026
First filing on the tape May 3, 2021 · 10 filings
SEC status approved since Jun 4, 2021
RAUM
$348M
reported, Item 5.F
Discretionary
55%
of RAUM
Private clients
86%
$300M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$116M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$348M as of Mar 23, 2026
Mar 11, 2022$385M then
HNW client RAUM$300M as of Mar 23, 2026
Mar 11, 2022$171M then
State-registered IARs (5.B.3)3 as of Mar 23, 2026
Mar 11, 20222 then
Employees (5.A)4 as of Mar 23, 2026
Mar 11, 20224 then
Private funds: no history
RAUM -4.0% over the last fiscal year+3.8% a year over threeIARs 2 to 3
Practice profile
derived from the filing of Mar 23, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
- RAUM per advisor
- $116MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $21.4MderivedHNW RAUM over HNW clients
- Average account
- $7.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 55%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 1.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -4.0%derivedbetween the last two annual amendments
- Advisor growth, one year
- +50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- Custody
- $176M, 10 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
- High-net-worth individuals$300M86%
- Corporations and businesses$48.4M14%
- Individual clients
- n/areported
- HNW clients
- 14reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 49reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $176M for 10 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.86 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| R•••• L••••• W•••••• | San Francisco, Ca | Mar 9, 2018 | 40 y | 0 |
| T•••• R••••••• | San Francisco, Ca | Jan 7, 2025 | 11 y | 0 |
| N••••••• D•••• R••••••• | Clarklake, Mi | Mar 26, 2025 | 12 y | 2 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- W••••••• R••••• L••••• · Chief Compliance Officer/ Managing Member/Investment Advisor Representativecontrolsince 09/2017 · 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 |
|---|---|---|---|---|---|
| San Francisco, Ca | 3 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- San Francisco, CA1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- client mix shiftChange between filings · filing Mar 23, 2026private-client share of RAUM moved from 44.0% to 86.0% between the annual amendments of 2025-03-10 and 2026-03-23peers: independent wealth managers, $100M to $500M (5,678)
- HNW share shiftChange between filings · filing Mar 23, 2026HNW share of RAUM moved from 44.0% to 86.0% between the annual amendments of 2025-03-10 and 2026-03-23peers: independent wealth managers, $100M to $500M (5,678)
What changed
consecutive filings, newest first
- Accounts · 26 to 49Mar 10, 2025 to Mar 23, 2026
- Advisory employees · 2 to 3Mar 10, 2025 to Mar 23, 2026
- Charity clients · 2.0 to unsetMar 10, 2025 to Mar 23, 2026
- Corporate clients · 1 to 2Mar 10, 2025 to Mar 23, 2026
- HNW clients · 9 to 14Mar 10, 2025 to Mar 23, 2026
- Assets in custody · $210M to $176MMar 10, 2025 to Mar 23, 2026
- Employees · 2 to 4Mar 10, 2025 to Mar 23, 2026
- Insurance-licensed employees · 0 to 1Mar 10, 2025 to Mar 23, 2026
- State-registered IARs · 2 to 3Mar 10, 2025 to Mar 23, 2026
- Discretionary RAUM · $251M to $192MMar 10, 2025 to Mar 23, 2026
- HNW RAUM · $161M to $300MMar 10, 2025 to Mar 23, 2026
- Non-discretionary RAUM · $112M to $157MMar 10, 2025 to Mar 23, 2026
- RAUM · $363M to $348MMar 10, 2025 to Mar 23, 2026
- Accounts · 24 to 26Feb 22, 2024 to Mar 10, 2025
- Advisory employees · 1 to 2Feb 22, 2024 to Mar 10, 2025
- HNW clients · 8 to 9Feb 22, 2024 to Mar 10, 2025
- Assets in custody · $160M to $210MFeb 22, 2024 to Mar 10, 2025
- Employees · 4 to 2Feb 22, 2024 to Mar 10, 2025
- Financial planning clients · 1-10 to 1-10Feb 22, 2024 to Mar 10, 2025
- HQ city · unset to Feb 22, 2024 to Mar 10, 2025
- HQ state · unset to Feb 22, 2024 to Mar 10, 2025
- State-registered IARs · 1 to 2Feb 22, 2024 to Mar 10, 2025
- Discretionary RAUM · $218M to $251MFeb 22, 2024 to Mar 10, 2025
- HNW RAUM · $127M to $161MFeb 22, 2024 to Mar 10, 2025
- Non-discretionary RAUM · $100M to $112MFeb 22, 2024 to Mar 10, 2025
- RAUM · $318M to $363MFeb 22, 2024 to Mar 10, 2025
- Accounts · 16 to 24Oct 3, 2023 to Feb 22, 2024
- Charity clients · 1 to 2Oct 3, 2023 to Feb 22, 2024
- Corporate clients · 2 to 1Oct 3, 2023 to Feb 22, 2024
- HNW clients · 4 to 8Oct 3, 2023 to Feb 22, 2024
- Assets in custody · $130M to $160MOct 3, 2023 to Feb 22, 2024
- Discretionary RAUM · $128M to $218MOct 3, 2023 to Feb 22, 2024
- HNW RAUM · $100M to $127MOct 3, 2023 to Feb 22, 2024
- Non-discretionary RAUM · $184M to $100MOct 3, 2023 to Feb 22, 2024
- RAUM · $312M to $318MOct 3, 2023 to Feb 22, 2024
- Accounts · 11 to 16Mar 11, 2022 to Mar 31, 2023
- Advisory employees · 2 to 1Mar 11, 2022 to Mar 31, 2023
- Assets in custody · $127M to $130MMar 11, 2022 to Mar 31, 2023
- HQ city · SAN FRANCISCO to unsetMar 11, 2022 to Mar 31, 2023
- HQ state · CA to unsetMar 11, 2022 to Mar 31, 2023
Signals
2 dated events
- W•••••• A••••••• reported RAUM $384.8M, up 93% from $199.0M (2021-05-04 to 2022-03-11)Mar 11, 2022 · RAUM change · derived
- W•••••• A••••••• filed its initial SEC registration (Form ADV)May 3, 2021 · 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
- Principal office phone
- 415-696-4044reportedpublic record, Form ADV, Mar 23, 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
- $116Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026