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
Aps Wealth Management, LLC
Latest filing May 4, 2026
First filing on the tape Aug 17, 2018 · 20 filings
SEC status approved since Sep 17, 2018
RAUM
$312M
reported, Item 5.F
Discretionary
49%
of RAUM
Private clients
39%
$120M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$77.9M
derived; firm RAUM over IAPD count
Employees
9
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$312M as of May 4, 2026
Jan 22, 2019$139M then
HNW client RAUM$102M as of May 4, 2026
Jan 22, 2019$23.4M then
State-registered IARs (5.B.3)3 as of May 4, 2026
Jan 22, 20190 then
Employees (5.A)9 as of May 4, 2026
Jan 22, 20197 then
Private funds: no history
RAUM +18% over the last fiscal year+18% a year over threeIARs 3 to 3
Practice profile
derived from the filing of May 4, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
- 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
- $77.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 21derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.2MderivedHNW RAUM over HNW clients
- Average account
- $955,669derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 49%derivedof RAUM
- Institutional
- 61%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +18%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -4.6%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$189M61%
- High-net-worth individuals$102M33%
- Individuals$18.1M5.8%
- Insurance companies$2.5M0.8%
- Individual clients
- 51reported
- HNW clients
- 32reported
- Pension plan clients
- 90reported
- Charitable clients
- 0reported
- Accounts
- 326reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.39 fund_share=0.0 institutional_share=0.61 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Mark Howard Phillips | Melville, Ny | Apr 15, 2021 | 25 y | 1 |
| Stephen AbramsonChartered Financial Consultant | Melville, Ny | Apr 15, 2021 | 28 y | 2 |
| Steven John Musmanno | Melville, Ny | Apr 15, 2021 | 28 y | 1 |
| Amanpreet Singh Kohli | Melville, Ny | May 4, 2026 | 14 y | 5 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Howard Jeffrey Douglas to American Portfolios Advisors, IncJan 7, 2022 · RIA to RIA
Joined, latest
- Amanpreet Singh Kohli from Strategic Advisers LLCMay 4, 2026 · Affiliated broker-dealer or bank to independent RIA
- Howard Jeffrey Douglas from Equitable Advisors, LLCDec 7, 2021 · Affiliated broker-dealer or bank to independent RIA
- Mark Howard Phillips from Equitable Advisors, LLCApr 15, 2021 · Affiliated broker-dealer or bank to independent RIA
- Stephen Abramson from Equitable Advisors, LLCApr 15, 2021 · Affiliated broker-dealer or bank to independent RIA
- Steven John Musmanno from Equitable Advisors, LLCApr 15, 2021 · Affiliated broker-dealer or bank to independent RIA
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from Equitable Advisors, LLCSep 26, 2018 · Melville, Ny
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Stephen Abramson · Managing Membercontrolsince 09/2018 · owns 50% to 75%
- John Steven Musmanno · Managing Member And Chief Compliance Officercontrolsince 09/2018 · owns 50% to 75%
Related persons
Schedule D 7.A
- Aps Pension And Financial Services, Inc.LP sponsorn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Melville, Ny · principal | 4 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- high institutional concentrationStatic outlier · filing May 4, 2026institutional share of RAUM of 61% against a peer median of 0% (5676 comparable advisers, 99.0th percentile, 20.6 robust deviations)peers: independent wealth managers, $100M to $500M (5,676) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 313 to 326Feb 27, 2025 to Mar 17, 2026
- Advisory employees · 5 to 4Feb 27, 2025 to Mar 17, 2026
- Advisory activities · 3 to 4Feb 27, 2025 to Mar 17, 2026
- HNW clients · 29 to 32Feb 27, 2025 to Mar 17, 2026
- Individual clients · 58 to 51Feb 27, 2025 to Mar 17, 2026
- Pension plan clients · 97 to 90Feb 27, 2025 to Mar 17, 2026
- Employees · 10 to 9Feb 27, 2025 to Mar 17, 2026
- Discretionary RAUM · $124M to $154MFeb 27, 2025 to Mar 17, 2026
- HNW RAUM · $71.5M to $102MFeb 27, 2025 to Mar 17, 2026
- Individual RAUM · $28.3M to $18.1MFeb 27, 2025 to Mar 17, 2026
- Non-discretionary RAUM · $141M to $158MFeb 27, 2025 to Mar 17, 2026
- Pension RAUM · $163M to $189MFeb 27, 2025 to Mar 17, 2026
- RAUM · $265M to $312MFeb 27, 2025 to Mar 17, 2026
- Accounts · 286 to 313Feb 27, 2024 to Feb 27, 2025
- Advisory employees · 4 to 5Feb 27, 2024 to Feb 27, 2025
- HNW clients · 24 to 29Feb 27, 2024 to Feb 27, 2025
- Individual clients · 50 to 58Feb 27, 2024 to Feb 27, 2025
- Pension plan clients · 121 to 97Feb 27, 2024 to Feb 27, 2025
- Employees · 6 to 10Feb 27, 2024 to Feb 27, 2025
- Financial planning clients · unset to Feb 27, 2024 to Feb 27, 2025
- Discretionary RAUM · $98.5M to $124MFeb 27, 2024 to Feb 27, 2025
- HNW RAUM · $49.9M to $71.5MFeb 27, 2024 to Feb 27, 2025
- Individual RAUM · $17.4M to $28.3MFeb 27, 2024 to Feb 27, 2025
- Non-discretionary RAUM · $134M to $141MFeb 27, 2024 to Feb 27, 2025
- Pension RAUM · $163M to $163MFeb 27, 2024 to Feb 27, 2025
- RAUM · $232M to $265MFeb 27, 2024 to Feb 27, 2025
- Accounts · 270 to 286Feb 13, 2023 to Feb 27, 2024
- HNW clients · 19 to 24Feb 13, 2023 to Feb 27, 2024
- Individual clients · 55 to 50Feb 13, 2023 to Feb 27, 2024
- Pension plan clients · 117 to 121Feb 13, 2023 to Feb 27, 2024
- Discretionary RAUM · $81.4M to $98.5MFeb 13, 2023 to Feb 27, 2024
- HNW RAUM · $37.0M to $49.9MFeb 13, 2023 to Feb 27, 2024
- Individual RAUM · $19.6M to $17.4MFeb 13, 2023 to Feb 27, 2024
- Non-discretionary RAUM · $108M to $134MFeb 13, 2023 to Feb 27, 2024
- Pension RAUM · $133M to $163MFeb 13, 2023 to Feb 27, 2024
- RAUM · $190M to $232MFeb 13, 2023 to Feb 27, 2024
- Non-discretionary RAUM · $143M to $108MMay 4, 2022 to Feb 10, 2023
- Pension RAUM · $160M to $133MMay 4, 2022 to Feb 10, 2023
- RAUM · $231M to $190MMay 4, 2022 to Feb 10, 2023
- Accounts · 281 to 270May 4, 2022 to Feb 10, 2023
Signals
2 dated events
- Howard Jeffrey Douglas left Aps Wealth Management, Llc for American Portfolios Advisors, Inc (registered 2022-02-07)Jan 7, 2022 · Advisor changed firm · fact
- Aps Wealth Management, Llc filed its initial SEC registration (Form ADV)Aug 17, 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
- 516-228-8444reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/aps-pension-and-financial-servicereportedpublic record, Form ADV, Sep 17, 2026
- Website
- apspension.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (516) 228-8444reportedpublic record, Form ADV, May 4, 2026
- Team page
- apspension.com/Team.htmreportedpublished 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $77.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026