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.

Former SEC-registered adviser

Trg Advisors, Inc.

Former SEC-registered adviserLakewood Ranch, FloridaCRD 297171SEC 801-113776websiteIAPD
Latest filing Mar 29, 2025
First filing on the tape Jul 2, 2018 · 12 filings
SEC status approved since Jul 2, 2018
RAUM
$548M
reported, Item 5.F
Discretionary
18%
of RAUM
Private clients
18%
$101M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$548M as of Mar 29, 2025
Mar 22, 2019$254M then
HNW client RAUM$83.5M as of Mar 29, 2025
Mar 22, 2019$29.7M then
State-registered IARs (5.B.3)2 as of Mar 29, 2025
Mar 22, 20192 then
Employees (5.A)3 as of Mar 29, 2025
Mar 22, 20193 then
Private funds: no history
RAUM +30% over the last fiscal year+18% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 29, 2025; every figure names its basis
RAUM per advisor
$274MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
38derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.4MderivedHNW RAUM over HNW clients
Average account
$2.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
18%derivedof RAUM
Institutional
82%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+30%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-3.8%derived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pension and profit-sharing plans$447M82%
  • High-net-worth individuals$83.5M15%
  • Individuals$17.5M3.2%
Individual clients
40reported
HNW clients
35reported
Pension plan clients
31reported
Charitable clients
0reported
Accounts
206reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
3 left, 0 joined in 12 months
net -3 in 12 months0 left in 90 days0 joined in 90 days3 left over 36 months
Joined, latest
none on the tape
    Every departureEvery arrival
    Teams: two or more advisors moving together within fourteen days, from one state
      Teams outTeams in
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Shaughnessy Paul Duggan · President/Chief Compliance Officercontrol
        since 01/2018 · owns 75% or more
      Related persons
      Schedule D 7.A
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Lakewood Ranch, Fl · principal003
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 191 to 206
        Mar 27, 2024 to Mar 29, 2025
      • HNW clients · 39 to 35
        Mar 27, 2024 to Mar 29, 2025
      • Individual clients · 39 to 40
        Mar 27, 2024 to Mar 29, 2025
      • Pension plan clients · 32 to 31
        Mar 27, 2024 to Mar 29, 2025
      • Financial planning clients · 51-100 to 51-100
        Mar 27, 2024 to Mar 29, 2025
      • Discretionary RAUM · $84.5M to $101M
        Mar 27, 2024 to Mar 29, 2025
      • HNW RAUM · $76.8M to $83.5M
        Mar 27, 2024 to Mar 29, 2025
      • Individual RAUM · $8.8M to $17.5M
        Mar 27, 2024 to Mar 29, 2025
      • Non-discretionary RAUM · $337M to $447M
        Mar 27, 2024 to Mar 29, 2025
      • Pension RAUM · $336M to $447M
        Mar 27, 2024 to Mar 29, 2025
      • RAUM · $421M to $548M
        Mar 27, 2024 to Mar 29, 2025
      • Accounts · 189 to 191
        Nov 13, 2023 to Mar 27, 2024
      • HNW clients · 31 to 39
        Nov 13, 2023 to Mar 27, 2024
      • Individual clients · 57 to 39
        Nov 13, 2023 to Mar 27, 2024
      • Pension plan clients · 27 to 32
        Nov 13, 2023 to Mar 27, 2024
      • Financial planning clients · 11-25 to 51-100
        Nov 13, 2023 to Mar 27, 2024
      • Discretionary RAUM · $70.1M to $84.5M
        Nov 13, 2023 to Mar 27, 2024
      • HNW RAUM · $54.4M to $76.8M
        Nov 13, 2023 to Mar 27, 2024
      • Individual RAUM · $12.5M to $8.8M
        Nov 13, 2023 to Mar 27, 2024
      • Non-discretionary RAUM · $248M to $337M
        Nov 13, 2023 to Mar 27, 2024
      • Pension RAUM · $251M to $336M
        Nov 13, 2023 to Mar 27, 2024
      • RAUM · $318M to $421M
        Nov 13, 2023 to Mar 27, 2024
      • Accounts · 177 to 189
        Apr 1, 2022 to Mar 21, 2023
      • HNW clients · 29 to 31
        Apr 1, 2022 to Mar 21, 2023
      • Individual clients · 64 to 57
        Apr 1, 2022 to Mar 21, 2023
      • Pension plan clients · 24 to 27
        Apr 1, 2022 to Mar 21, 2023
      • Financial planning clients · 51-100 to 11-25
        Apr 1, 2022 to Mar 21, 2023
      • Discretionary RAUM · $86.5M to $70.1M
        Apr 1, 2022 to Mar 21, 2023
      • HNW RAUM · $65.6M to $54.4M
        Apr 1, 2022 to Mar 21, 2023
      • Individual RAUM · $14.8M to $12.5M
        Apr 1, 2022 to Mar 21, 2023
      • Non-discretionary RAUM · $250M to $248M
        Apr 1, 2022 to Mar 21, 2023
      • Pension RAUM · $256M to $251M
        Apr 1, 2022 to Mar 21, 2023
      • RAUM · $337M to $318M
        Apr 1, 2022 to Mar 21, 2023
      • Accounts · 169 to 177
        Mar 17, 2021 to Apr 1, 2022
      • HNW clients · 27 to 29
        Mar 17, 2021 to Apr 1, 2022
      • Individual clients · 53 to 64
        Mar 17, 2021 to Apr 1, 2022
      • Pension plan clients · 22 to 24
        Mar 17, 2021 to Apr 1, 2022
      • Discretionary RAUM · $72.2M to $86.5M
        Mar 17, 2021 to Apr 1, 2022
      • HNW RAUM · $56.3M to $65.6M
        Mar 17, 2021 to Apr 1, 2022
      • Individual RAUM · $14.0M to $14.8M
        Mar 17, 2021 to Apr 1, 2022
      Signals
      9 dated events
      • Trg Advisors, Inc. no longer on the SEC adviser roster (last listed 2026-03-02, RAUM $547.7M)
        Apr 1, 2026 · Left the SEC roster · derived
      • Peter Christopher Duggan left Trg Advisors, Inc. for Intellicents Investment Solutions Inc (registered 2026-01-07)
        Mar 11, 2026 · Advisor changed firm · fact
      • Jonathan Richard Duggan left Trg Advisors, Inc. for Intellicents Investment Solutions Inc (registered 2026-02-20)
        Mar 11, 2026 · Advisor changed firm · fact
      • Paul Shaughnessy Duggan left Trg Advisors, Inc. for Intellicents Investment Solutions Inc (registered 2026-03-23)
        Mar 11, 2026 · Advisor changed firm · fact
      • Trg Advisors, Inc.'s advisors moved to Intellicents Investment Solutions Inc (Lakewood Ranch, FL): 3 of 3 registered, on the same day
        Mar 11, 2026 · Firm absorbed (people side) · derived
      • Trg Advisors, Inc. reported RAUM $547.7M, up 30% from $421.3M (2024-03-27 to 2025-03-29)
        Mar 29, 2025 · RAUM change · derived
      • Trg Advisors, Inc. reported RAUM $421.3M, up 33% from $317.7M (2023-11-13 to 2024-03-27)
        Mar 27, 2024 · RAUM change · derived
      • Trg Advisors, Inc. reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Jul 2, 2018 · Succession (Item 4) · fact
      • Trg 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.
      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
      Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026