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
B•••• S••••••• T•••• W••••• A•••••••• L••
Latest filing Mar 30, 2026
First filing on the tape Jul 26, 2019 · 20 filings
SEC status approved since Aug 23, 2019
RAUM
$459M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
76%
$349M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$230M
derived; firm RAUM over IAPD count
Employees
6
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$459M as of Mar 30, 2026
Mar 21, 2020$156M then
HNW client RAUM$325M as of Mar 30, 2026
Mar 21, 2020$54.7M then
State-registered IARs (5.B.3)4 as of Mar 30, 2026
Mar 21, 20202 then
Employees (5.A)6 as of Mar 30, 2026
Mar 21, 20206 then
Private funds: no history
RAUM -0.8% over the last fiscal year+33% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 30, 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $230MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 83derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.1MderivedHNW RAUM over HNW clients
- Average account
- $1.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 3.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -0.8%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +11%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- Wrap fee program
- $131MreportedItem 5.I
- Custody
- $70.9M, 8 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)
- a related person has custody of client cash (9.B.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$325M71%
- Corporations and businesses$91.8M20%
- Individuals$24.6M5.3%
- Pension and profit-sharing plans$15.4M3.3%
- Charitable organizations$2.7M0.6%
- Individual clients
- 85reported
- HNW clients
- 80reported
- Pension plan clients
- 8reported
- Charitable clients
- 4reported
- Accounts
- 432reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- $131M sponsored, $0 managedreported
- Custody of client assets
- $70.9M for 8 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.76 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M••• E••••• S••••••• | Dayton, Oh | Jan 24, 2020 | 26 y | 4 |
| M•••••• T•••••• T•••• | Dayton, Oh | Sep 24, 2024 | 28 y | 3 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 50% of current headcount1 left over 36 months
Left, latest
- S•••• D•••• S•••••••• to I••••••• R••••••••• L••Jul 20, 2026 · RIA to a state-registered adviser
- M••• E••••• S••••••• to S•••••••• A•••••••• L••May 7, 2019 · Other
Joined, latest
- M•••••• T•••••• T•••• from R•••••••• W••••• M••••••••• L••Sep 24, 2024 · RIA to RIA
- S•••• D•••• S•••••••• from A••••••• F•••••••• S••••••••• L••Sep 12, 2022 · RIA to RIA
- M••• E••••• S••••••• from S•••••••• A•••••••• L••Jan 24, 2020 · Other
- M••• E••••• S••••••• from D••• F•••••••• S•••••••Jun 28, 2018 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B••••• E•••••• J•••• · Chief Compliance Officercontrolsince 11/2017 · owns less than 5%
- B••••• E•••••• J•••• · Chief Compliance Officercontrolsince 07/2024 · owns 25% to 50% of B•••• S••••••• T•••• H•••••••• L••
- S•••••••• M•••• E••••• · Presidentcontrolsince 07/2024 · owns 25% to 50% of B•••• S••••••• T•••• H•••••••• L••
- T••••• M••••••• T•••••• · Chief Investmnet Officercontrolsince 07/2024 · owns 25% to 50% of B•••• S••••••• T•••• H•••••••• L••
Entity owners
- B•••• S••••••• T•••• H•••••••• L•• · Entitydirect · owns 75% or more
Related persons
Schedule D 7.A
- C••••• R••• E••••• S•••••••• I•••investment companyy
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Dayton, Oh · principal | 2 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 406 to 432Jan 7, 2026 to Mar 30, 2026
- HNW clients · 69 to 80Jan 7, 2026 to Mar 30, 2026
- Individual clients · 80 to 85Jan 7, 2026 to Mar 30, 2026
- Assets in custody · $121M to $70.9MJan 7, 2026 to Mar 30, 2026
- Financial planning clients · 26-50 to 51-100Jan 7, 2026 to Mar 30, 2026
- Discretionary RAUM · $453M to $447MJan 7, 2026 to Mar 30, 2026
- HNW RAUM · $300M to $325MJan 7, 2026 to Mar 30, 2026
- Individual RAUM · $22.2M to $24.6MJan 7, 2026 to Mar 30, 2026
- Non-discretionary RAUM · $10.6M to $12.5MJan 7, 2026 to Mar 30, 2026
- Pension RAUM · $13.1M to $15.4MJan 7, 2026 to Mar 30, 2026
- RAUM · $463M to $459MJan 7, 2026 to Mar 30, 2026
- Wrap assets (sponsor) · $102M to $131MJan 7, 2026 to Mar 30, 2026
- Employees · 5 to 6Mar 26, 2025 to Jan 7, 2026
- Accounts · 377 to 406Aug 9, 2024 to Mar 26, 2025
- Charity clients · 0 to 4Aug 9, 2024 to Mar 26, 2025
- Corporate clients · 14 to 15Aug 9, 2024 to Mar 26, 2025
- HNW clients · 90 to 69Aug 9, 2024 to Mar 26, 2025
- Individual clients · 45 to 80Aug 9, 2024 to Mar 26, 2025
- Pension plan clients · 3 to 8Aug 9, 2024 to Mar 26, 2025
- Financial planning clients · 11-25 to 26-50Aug 9, 2024 to Mar 26, 2025
- Discretionary RAUM · $445M to $453MAug 9, 2024 to Mar 26, 2025
- HNW RAUM · $297M to $300MAug 9, 2024 to Mar 26, 2025
- Individual RAUM · $15.5M to $22.2MAug 9, 2024 to Mar 26, 2025
- Non-discretionary RAUM · $11.0M to $10.6MAug 9, 2024 to Mar 26, 2025
- Pension RAUM · $13.3M to $13.1MAug 9, 2024 to Mar 26, 2025
- RAUM · $456M to $463MAug 9, 2024 to Mar 26, 2025
- Wrap assets (sponsor) · $95.1M to $102MAug 9, 2024 to Mar 26, 2025
- Accounts · 132 to 377Jul 3, 2024 to Aug 9, 2024
- Business name · B•••• S••••••• W••••• to B•••• S••••••• T•••• W••••• A•••••••• L••Jul 3, 2024 to Aug 9, 2024
- Corporate clients · 12 to 14Jul 3, 2024 to Aug 9, 2024
- HNW clients · 27 to 90Jul 3, 2024 to Aug 9, 2024
- Individual clients · 9 to 45Jul 3, 2024 to Aug 9, 2024
- Pension plan clients · 1 to 3Jul 3, 2024 to Aug 9, 2024
- Assets in custody · $115M to $121MJul 3, 2024 to Aug 9, 2024
- Legal name · B••••••••• W••••• A••••••• LLC to B•••• S••••••• T•••• W••••• A•••••••• L••Jul 3, 2024 to Aug 9, 2024
- Discretionary RAUM · $171M to $445MJul 3, 2024 to Aug 9, 2024
- HNW RAUM · $51.9M to $297MJul 3, 2024 to Aug 9, 2024
- Individual RAUM · $2.7M to $15.5MJul 3, 2024 to Aug 9, 2024
- Non-discretionary RAUM · $10.6M to $11.0MJul 3, 2024 to Aug 9, 2024
- Pension RAUM · $10.6M to $13.3MJul 3, 2024 to Aug 9, 2024
Signals
4 dated events
- S•••• D•••• S•••••••• left B•••• S••••••• T•••• W••••• A•••••••• L•• for I••••••• R••••••••• L•• (registered 2026-07-21)Jul 20, 2026 · Advisor changed firm · fact
- B•••• S••••••• T•••• W••••• A•••••••• L•• reported RAUM $456.5M, up 151% from $181.6M (2024-07-03 to 2024-08-09)Aug 9, 2024 · RAUM change · derived
- Tristen Matthew Theil (Chief Investmnet Officer) appeared on Schedule A of B•••• S••••••• T•••• W••••• A•••••••• L••Jul 3, 2024 · Control person joined · fact
- B••••••••• W••••• A••••••• filed its initial SEC registration (Form ADV)Jul 26, 2019 · 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
- i•••@b•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 937-956-7875reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/bst-wealth-advisorsreportedpublic record, Form ADV, Sep 19, 2026
- Website
- b•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 9379567875reportedpublic record, Form ADV, Mar 30, 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
- $230Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026