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
C••••• W••••• A••••••• L••
Latest filing Feb 13, 2026
First filing on the tape Jul 20, 2018 · 19 filings
SEC status approved since Aug 17, 2018
RAUM
$323M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
97%
$315M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$108M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$323M as of Feb 13, 2026
Mar 11, 2019$116M then
HNW client RAUM$197M as of Feb 13, 2026
Mar 11, 2019$48.5M then
State-registered IARs (5.B.3)3 as of Feb 13, 2026
Mar 11, 20194 then
Employees (5.A)4 as of Feb 13, 2026
Mar 11, 20195 then
Private funds: no history
RAUM +10% over the last fiscal year+14% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Feb 13, 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $108MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 201derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.2MderivedHNW RAUM over HNW clients
- Average account
- $259,294derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 2.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +10%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.8%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $150M, 303 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$197M61%
- Individuals$118M36%
- State and municipal entities$4.1M1.3%
- Charitable organizations$4.0M1.2%
- Corporations and businesses$294,5990.1%
- Individual clients
- 514reported
- HNW clients
- 88reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,247reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- $150M for 303 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.97 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=3.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
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
- C••••••••• A••••• M••••• from I•••••••• C•••••• A•••••••Aug 22, 2018 · Other
- G•••• R•••••• W••••• from I•••••••• C•••••• A•••••••Aug 22, 2018 · Other
- M•••••• J•••• L•••• from I•••••••• C•••••• A•••••••Aug 22, 2018 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from I•••••••• C•••••• A•••••••Oct 3, 2016 · Lynnfield, Ma
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- M•••••• C••••••••• A••••• · Chief Compliance Officercontrolsince 06/2018 · owns less than 5%
- M•••••• C••••••••• A••••• · Ownercontrolsince 12/2021 · owns 75% or more of C••••• I•••••••••
Entity owners
- C••••• I••••••••• · Managing 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 |
|---|---|---|---|---|---|
| Waterville, Me · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- HNW share shiftChange between filings · filing Feb 13, 2026HNW share of RAUM moved from 45.0% to 61.0% between the annual amendments of 2025-02-01 and 2026-02-13peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 1,227 to 1,247Feb 1, 2025 to Feb 13, 2026
- Charity clients · 5.0 to unsetFeb 1, 2025 to Feb 13, 2026
- HNW clients · 58 to 88Feb 1, 2025 to Feb 13, 2026
- Individual clients · 539 to 514Feb 1, 2025 to Feb 13, 2026
- Assets in custody · $119M to $150MFeb 1, 2025 to Feb 13, 2026
- Employees · 5 to 4Feb 1, 2025 to Feb 13, 2026
- Financial planning clients · 51-100 to 101-250Feb 1, 2025 to Feb 13, 2026
- Discretionary RAUM · $294M to $323MFeb 1, 2025 to Feb 13, 2026
- HNW RAUM · $132M to $197MFeb 1, 2025 to Feb 13, 2026
- Individual RAUM · $153M to $118MFeb 1, 2025 to Feb 13, 2026
- RAUM · $294M to $323MFeb 1, 2025 to Feb 13, 2026
- Accounts · 1,235 to 1,227Jun 21, 2024 to Feb 1, 2025
- HNW clients · 60 to 58Jun 21, 2024 to Feb 1, 2025
- Individual clients · 540 to 539Jun 21, 2024 to Feb 1, 2025
- Assets in custody · $80.0M to $119MJun 21, 2024 to Feb 1, 2025
- Employees · 4 to 5Jun 21, 2024 to Feb 1, 2025
- Financial planning clients · 101-250 to 51-100Jun 21, 2024 to Feb 1, 2025
- Discretionary RAUM · $256M to $294MJun 21, 2024 to Feb 1, 2025
- HNW RAUM · $118M to $132MJun 21, 2024 to Feb 1, 2025
- Individual RAUM · $129M to $153MJun 21, 2024 to Feb 1, 2025
- RAUM · $256M to $294MJun 21, 2024 to Feb 1, 2025
- Accounts · 1,219 to 1,235Sep 8, 2023 to Jan 19, 2024
- HNW clients · 54 to 60Sep 8, 2023 to Jan 19, 2024
- Individual clients · 541 to 540Sep 8, 2023 to Jan 19, 2024
- Assets in custody · $67.2M to $80.0MSep 8, 2023 to Jan 19, 2024
- Discretionary RAUM · $220M to $256MSep 8, 2023 to Jan 19, 2024
- HNW RAUM · $93.7M to $118MSep 8, 2023 to Jan 19, 2024
- Individual RAUM · $119M to $129MSep 8, 2023 to Jan 19, 2024
- RAUM · $220M to $256MSep 8, 2023 to Jan 19, 2024
- Accounts · 1,173 to 1,219Jun 2, 2022 to Mar 15, 2023
- HNW clients · 53 to 54Jun 2, 2022 to Mar 15, 2023
- Individual clients · 522 to 541Jun 2, 2022 to Mar 15, 2023
- Assets in custody · $80.1M to $67.2MJun 2, 2022 to Mar 15, 2023
- Financial planning clients · 51-100 to 101-250Jun 2, 2022 to Mar 15, 2023
- Discretionary RAUM · $257M to $220MJun 2, 2022 to Mar 15, 2023
- HNW RAUM · $113M to $93.7MJun 2, 2022 to Mar 15, 2023
- Individual RAUM · $135M to $119MJun 2, 2022 to Mar 15, 2023
- RAUM · $257M to $220MJun 2, 2022 to Mar 15, 2023
- Accounts · 1,048 to 1,173Mar 4, 2021 to Jan 28, 2022
- Advisory employees · 4 to 3Mar 4, 2021 to Jan 28, 2022
Signals
2 dated events
- Neal Richard Forsley (President) no longer on Schedule A of C••••• W••••• A••••••• L•• (listed 2022-01-28, absent 2022-02-09)Feb 9, 2022 · Control person left · inference
- C••••• I••••••••• filed its initial SEC registration (Form ADV)Jul 20, 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 phone
- 207-873-0996reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 866-910-2339reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- linkedin.com/company/choice-wealth-advisors/aboutreportedpublic record, Form ADV, Sep 18, 2026
- Website
- C•••••INVESTMENTS.BIZreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (207) 873-0996reportedpublic record, Form ADV, Feb 13, 2026
- Contact form
- choicewealthadvisors.com/contactreportedpublished by the firm, firm site, Sep 17, 2026
- Team page
- choicewealthadvisors.com/our-teamreportedpublished by the firm, firm site, Sep 17, 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
- $108Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026