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
Martel Wealth Advisors, LLC
Latest filing Jan 28, 2026
First filing on the tape Jul 2, 2018 · 18 filings
SEC status approved since Aug 1, 2018
RAUM
$1.5B
reported, Item 5.F
Discretionary
84%
of RAUM
Private clients
84%
$1.2B individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$182M
derived; firm RAUM over IAPD count
Employees
13
12 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$1.5B as of Jan 28, 2026
Mar 7, 2019$565M then
HNW client RAUM$996M as of Jan 28, 2026
Mar 7, 2019$295M then
State-registered IARs (5.B.3)6 as of Jan 28, 2026
Mar 7, 20195 then
Employees (5.A)13 as of Jan 28, 2026
Mar 7, 201910 then
Private funds: no history
RAUM +17% over the last fiscal year+18% a year over threeIARs 6 to 6
Practice profile
derived from the filing of Jan 28, 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
- 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
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $182MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 125derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.6MderivedHNW RAUM over HNW clients
- Average account
- $523,651derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 84%derivedof RAUM
- Institutional
- 16%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.6derivedItem 5.A over advisors
- Advisors per office
- 8.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +17%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -0.7%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, educational seminarsreportedItem 5.G
- Custody
- $776M, 918 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- 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$996M68%
- Pension and profit-sharing plans$231M16%
- Individuals$223M15%
- Corporations and businesses$9.8M0.7%
- Individual clients
- 616reported
- HNW clients
- 382reported
- Pension plan clients
- 32reported
- Charitable clients
- 0reported
- Accounts
- 2,787reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $776M for 918 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.84 fund_share=0.0 institutional_share=0.16 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Mark Stephen MartelCertified Financial Planner | Vancouver, Wa | Aug 2, 2018 | 43 y | 1 |
| Lloyd Grant Caudle | Vancouver, Wa | Aug 2, 2018 | 22 y | 2 |
| Michele Marie Madasz | Vancouver, Wa | Aug 2, 2018 | 17 y | 1 |
| Jason Stephen MartelCertified Financial Planner | Vancouver, Wa | Aug 2, 2018 | 10 y | 1 |
| Julie Dianne Scott | Vancouver, Wa | Aug 2, 2018 | 28 y | 2 |
| Ann Louise MooreChartered Financial Analyst | Vancouver, Wa | May 7, 2021 | 10 y | 0 |
| Devin Jackson | Vancouver, Wa | May 1, 2026 | 14 y | 0 |
| Andrew Loughridge Strong | Vancouver, Wa | Jul 31, 2026 | 15 y | 0 |
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
- Julie Dianne Scott from Kms Financial Services, IncAug 2, 2018 · Affiliated broker-dealer or bank to independent RIA
- Lloyd Grant Caudle from Kms Financial Services, IncAug 2, 2018 · Affiliated broker-dealer or bank to independent RIA
- Jason Stephen Martel from Kms Financial Services, IncAug 2, 2018 · Affiliated broker-dealer or bank to independent RIA
- Michele Marie Madasz from Kms Financial Services, IncAug 2, 2018 · Affiliated broker-dealer or bank to independent RIA
- Mark Stephen Martel from Kms Financial Services, IncAug 2, 2018 · Affiliated broker-dealer or bank to independent RIA
Teams: two or more advisors moving together within fourteen days, from one state
- 5 joined from Kms Financial Services, IncDec 31, 2018 · Vancouver, Wa
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Marie Michele Madasz · Chief Compliance Officercontrolsince 09/2020 · owns less than 5%
- Stephen Mark Martel · President/Ceocontrolsince 11/1982 · owns 75% or more
Entity owners
- Aspen Standard Group, LLC · Memberdirect · 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 |
|---|---|---|---|---|---|
| Vancouver, Wa · principal | 8 | 2 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Jan 28, 2026MARTEL, MARK, STEPHEN (PRESIDENT/CEO) left Schedule A between the filings of 2020-09-25 and 2026-01-28peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
- Accounts · 2,751 to 2,787Apr 8, 2025 to Jan 28, 2026
- Business name · MARTEL WEALTH ADVISORS INC to MARTEL WEALTH ADVISORS, LLCApr 8, 2025 to Jan 28, 2026
- Corporate clients · 0 to 3Apr 8, 2025 to Jan 28, 2026
- HNW clients · 334 to 382Apr 8, 2025 to Jan 28, 2026
- Individual clients · 671 to 616Apr 8, 2025 to Jan 28, 2026
- Pension plan clients · 35 to 32Apr 8, 2025 to Jan 28, 2026
- Assets in custody · $650M to $776MApr 8, 2025 to Jan 28, 2026
- Employees · 14 to 13Apr 8, 2025 to Jan 28, 2026
- Legal name · MARTEL WEALTH ADVISORS INC to MARTEL WEALTH ADVISORS, LLCApr 8, 2025 to Jan 28, 2026
- Organization form · Corporation to Limited Liability CompanyApr 8, 2025 to Jan 28, 2026
- Discretionary RAUM · $1.0B to $1.2BApr 8, 2025 to Jan 28, 2026
- HNW RAUM · $804M to $996MApr 8, 2025 to Jan 28, 2026
- Individual RAUM · $222M to $223MApr 8, 2025 to Jan 28, 2026
- Non-discretionary RAUM · $218M to $231MApr 8, 2025 to Jan 28, 2026
- Pension RAUM · $218M to $231MApr 8, 2025 to Jan 28, 2026
- RAUM · $1.2B to $1.5BApr 8, 2025 to Jan 28, 2026
- Related adviser · false to trueApr 8, 2025 to Jan 28, 2026
- Succession · false to trueApr 8, 2025 to Jan 28, 2026
- Financial planning clients · 251-500 to 251-500Feb 13, 2025 to Apr 8, 2025
- Accounts · 2,662 to 2,751Feb 29, 2024 to Feb 13, 2025
- Advisory employees · 11 to 12Feb 29, 2024 to Feb 13, 2025
- HNW clients · 286 to 334Feb 29, 2024 to Feb 13, 2025
- Individual clients · 698 to 671Feb 29, 2024 to Feb 13, 2025
- Pension plan clients · 27 to 35Feb 29, 2024 to Feb 13, 2025
- Assets in custody · $457M to $650MFeb 29, 2024 to Feb 13, 2025
- Employees · 12 to 14Feb 29, 2024 to Feb 13, 2025
- Financial planning clients · 101-250 to 251-500Feb 29, 2024 to Feb 13, 2025
- State-registered IARs · 5 to 6Feb 29, 2024 to Feb 13, 2025
- Discretionary RAUM · $892M to $1.0BFeb 29, 2024 to Feb 13, 2025
- HNW RAUM · $656M to $804MFeb 29, 2024 to Feb 13, 2025
- Individual RAUM · $237M to $222MFeb 29, 2024 to Feb 13, 2025
- Non-discretionary RAUM · $187M to $218MFeb 29, 2024 to Feb 13, 2025
- Pension RAUM · $187M to $218MFeb 29, 2024 to Feb 13, 2025
- RAUM · $1.1B to $1.2BFeb 29, 2024 to Feb 13, 2025
- Accounts · 2,698 to 2,662Mar 20, 2023 to Feb 29, 2024
- Advisory employees · 12 to 11Mar 20, 2023 to Feb 29, 2024
- HNW clients · 259 to 286Mar 20, 2023 to Feb 29, 2024
- Individual clients · 726 to 698Mar 20, 2023 to Feb 29, 2024
- Pension plan clients · 25 to 27Mar 20, 2023 to Feb 29, 2024
- Assets in custody · $665M to $457MMar 20, 2023 to Feb 29, 2024
Signals
6 dated events
- Martel Wealth Advisors, Llc reported succeeding to the business of Martel Wealth Advisors Inc (Form ADV Item 4)Jan 28, 2026 · Succession (Item 4) · fact
- Dianne Julie Scott (Chief Compliance Officer) no longer on Schedule A of Martel Wealth Advisors, Llc (listed 2020-07-22, absent 2020-09-25)Sep 25, 2020 · Control person left · inference
- Marie Michele Madasz (Chief Compliance Officer) appeared on Schedule A of Martel Wealth Advisors, LlcSep 25, 2020 · Control person joined · fact
- Martel Wealth Advisors, Llc reported RAUM $565.3M, up 288% from $145.6M (2018-09-21 to 2019-03-07)Mar 7, 2019 · RAUM change · derived
- Martel Wealth Advisors, Llc reported RAUM $145.6M, down 76% from $610.6M (2018-08-30 to 2018-09-21)Sep 21, 2018 · RAUM change · derived
- Martel Wealth Advisors Inc filed its initial SEC registration (Form ADV)Jul 2, 2018 · 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
- info@martelwealthadvisors.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 360-694-9940reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/martel-wealth-advisors-increportedpublic record, Form ADV, Sep 17, 2026
- Website
- MARTELWEALTHADVISORS.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 360-694-9940reportedpublic record, Form ADV, Jan 28, 2026
- Contact form
- MARTELWEALTHADVISORS.COM/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- MARTELWEALTHADVISORS.COM/teamreportedpublished by the firm, firm site, Sep 15, 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
- $182Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026