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

G••••• L•••• L••••••

Independent wealth managerHarrisonburg, VirginiaCRD 298283SEC 801-113908websiteIAPD
Legal name G••••• L•••• L•••••• W•••••• I•••
Latest filing Mar 30, 2026
First filing on the tape Jul 27, 2018 · 24 filings
SEC status approved since Aug 24, 2018
RAUM
$1.2B
reported, Item 5.F
Discretionary
95%
of RAUM
Private clients
84%
$1.0B individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$154M
derived; firm RAUM over IAPD count
Employees
11
8 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$1.2B as of Mar 30, 2026
Feb 21, 2019$562M then
HNW client RAUM$978M as of Mar 30, 2026
Feb 21, 2019$447M then
State-registered IARs (5.B.3)8 as of Mar 30, 2026
Feb 21, 20195 then
Employees (5.A)11 as of Mar 30, 2026
Feb 21, 20198 then
Private funds: no history
RAUM +14% over the last fiscal year+9.7% a year over threeIARs 7 to 8
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
RAUM per advisor
$154MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
50derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.9MderivedHNW RAUM over HNW clients
Average account
$953,658derivedRAUM over accounts (5.F.2.f)
Discretionary
95%derivedof RAUM
Institutional
14%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.4derivedItem 5.A over advisors
Advisors per office
4.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+14%derivedbetween the last two annual amendments
Advisor growth, one year
+14%derivedItem 5.B.3 between annual amendments
Client growth, one year
+8.0%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, publicationsreportedItem 5.G
Custody
$767M, 252 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)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$978M79%
  • Charitable organizations$119M9.6%
  • Individuals$53.5M4.3%
  • Pension and profit-sharing plans$49.6M4.0%
  • Corporations and businesses$33.9M2.7%
Individual clients
155reported
HNW clients
248reported
Pension plan clients
11reported
Charitable clients
16reported
Accounts
1,294reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$767M for 252 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.84 fund_share=0.0 institutional_share=0.14 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J••• D•••••• L••••Saint Helena Island, Sc Aug 31, 201823 y1
J•••••• G•••• L••••••Certified Financial PlannerHarrisonburg, VaAug 31, 201824 y0
A•• W••••• G•••••Chartered Financial AnalystHarrisonburg, VaAug 31, 201832 y1
A•• W••••• G•••••Harrisonburg, VaSep 4, 201838 y1
J•••• D•••••• F•••Harrisonburg, VaFeb 12, 201925 y1
A••••• P••••• H•••••••Certified Financial Planner, Chartered Financial AnalystHarrisonburg, VaJan 27, 202111 y0
N••••••• A••••• P••••••Certified Financial PlannerHarrisonburg, VaMay 6, 202423 y0
R••• P••••••• W•••Certified Financial PlannerHarrisonburg, VaMar 26, 202619 y0
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
    Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • G•••••• A••• W••••• · Presidentcontrol
      since 08/2018 · owns 75% or more
    • H•••••••• A•••••• P••••• · Directorcontrol
      since 01/2024 · owns less than 5%
    • L••••••• J••••••• G•••• · Chief Compliance Officer,Secretary And Treasurercontrol
      since 08/2018 · owns 5% to 10%
    • L••••• J•••• D•••••• · Vice Presidentcontrol
      since 08/2018 · owns 10% to 25%
    • P••••••• N•••••••• A••••• · Directorcontrol
      since 01/2026 · owns less than 5%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Harrisonburg, Va · principal810
    Offices
    Schedule D 1.F, the 25 largest
    • , 1 employees
    ADV anomalies
    2 against comparable advisers; where to look, not conclusions
    • control person changedChange between filings · filing Mar 30, 2026
      P••••••• N•••••••• A••••• (DIRECTOR) appeared on Schedule A between the filings of 2024-03-06 and 2026-03-30
      peers: independent wealth managers, $1B to $5B (1,362)
    • business activity changedChange between filings · filing Mar 30, 2026
      selection of other advisers (Item 5.G.7): yes on the filing of 2026-01-08, no on the filing of 2026-03-30
      peers: independent wealth managers, $1B to $5B (1,362)
    What changed
    consecutive filings, newest first
    • Accounts · 1,217 to 1,294
      Jan 8, 2026 to Mar 30, 2026
    • Advisory employees · 7 to 8
      Jan 8, 2026 to Mar 30, 2026
    • Advisory activities · 6 to 5
      Jan 8, 2026 to Mar 30, 2026
    • Corporate clients · 9 to 8
      Jan 8, 2026 to Mar 30, 2026
    • HNW clients · 227 to 248
      Jan 8, 2026 to Mar 30, 2026
    • Individual clients · 146 to 155
      Jan 8, 2026 to Mar 30, 2026
    • Pension plan clients · 10 to 11
      Jan 8, 2026 to Mar 30, 2026
    • Assets in custody · $578M to $767M
      Jan 8, 2026 to Mar 30, 2026
    • Employees · 10 to 11
      Jan 8, 2026 to Mar 30, 2026
    • State-registered IARs · 7 to 8
      Jan 8, 2026 to Mar 30, 2026
    • Discretionary RAUM · $1.0B to $1.2B
      Jan 8, 2026 to Mar 30, 2026
    • HNW RAUM · $858M to $978M
      Jan 8, 2026 to Mar 30, 2026
    • Individual RAUM · $52.7M to $53.5M
      Jan 8, 2026 to Mar 30, 2026
    • Non-discretionary RAUM · $39.3M to $56.0M
      Jan 8, 2026 to Mar 30, 2026
    • Pension RAUM · $39.2M to $49.6M
      Jan 8, 2026 to Mar 30, 2026
    • RAUM · $1.1B to $1.2B
      Jan 8, 2026 to Mar 30, 2026
    • Accounts · 1,141 to 1,217
      Jan 9, 2025 to Mar 4, 2025
    • Advisory employees · 6 to 7
      Jan 9, 2025 to Mar 4, 2025
    • HNW clients · 206 to 227
      Jan 9, 2025 to Mar 4, 2025
    • Individual clients · 144 to 146
      Jan 9, 2025 to Mar 4, 2025
    • Pension plan clients · 9 to 10
      Jan 9, 2025 to Mar 4, 2025
    • Assets in custody · $635M to $578M
      Jan 9, 2025 to Mar 4, 2025
    • Financial planning clients · 101-250 to 101-250
      Jan 9, 2025 to Mar 4, 2025
    • State-registered IARs · 6 to 7
      Jan 9, 2025 to Mar 4, 2025
    • Discretionary RAUM · $1.1B to $1.0B
      Jan 9, 2025 to Mar 4, 2025
    • HNW RAUM · $857M to $858M
      Jan 9, 2025 to Mar 4, 2025
    • Individual RAUM · $79.9M to $52.7M
      Jan 9, 2025 to Mar 4, 2025
    • Non-discretionary RAUM · $31.9M to $39.3M
      Jan 9, 2025 to Mar 4, 2025
    • Pension RAUM · $31.9M to $39.2M
      Jan 9, 2025 to Mar 4, 2025
    • RAUM · $1.1B to $1.1B
      Jan 9, 2025 to Mar 4, 2025
    • Accounts · 1,115 to 1,141
      Jan 30, 2024 to Mar 6, 2024
    • Charity clients · 14 to 16
      Jan 30, 2024 to Mar 6, 2024
    • Corporate clients · 8 to 9
      Jan 30, 2024 to Mar 6, 2024
    • HNW clients · 202 to 206
      Jan 30, 2024 to Mar 6, 2024
    • Individual clients · 122 to 144
      Jan 30, 2024 to Mar 6, 2024
    • Assets in custody · $922M to $635M
      Jan 30, 2024 to Mar 6, 2024
    • Employees · 9 to 10
      Jan 30, 2024 to Mar 6, 2024
    • Discretionary RAUM · $904M to $1.1B
      Jan 30, 2024 to Mar 6, 2024
    • HNW RAUM · $734M to $857M
      Jan 30, 2024 to Mar 6, 2024
    • Individual RAUM · $67.5M to $79.9M
      Jan 30, 2024 to Mar 6, 2024
    Signals
    5 dated events
    • Philip Ashley Heatwole (Director) appeared on Schedule A of G••••• L•••• L••••••
      Mar 6, 2024 · Control person joined · fact
    • G••••• L•••• L•••••• reported RAUM $1.0B, up 26% from $822.6M (2021-11-03 to 2022-03-31)
      Mar 31, 2022 · RAUM change · derived
    • G••••• L•••• L•••••• reported RAUM $744.1M, up 32% from $562.0M (2019-05-31 to 2020-03-17)
      Mar 17, 2020 · RAUM change · derived
    • T••• A•••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)
      Aug 31, 2018 · Succession (Item 4) · fact
    • T••• A•••••••• L•• filed its initial SEC registration (Form ADV)
      Jul 27, 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
    540-433-3076reportedpublished by the firm, firm site, Sep 15, 2026
    Firm profile
    linkedin.com/company/graves-light-lenhart-private-wealth-manreportedpublic record, Form ADV, Sep 19, 2026
    Website
    g••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
    Principal office phone
    (540) 433-3076reportedpublic record, Form ADV, Mar 30, 2026
    Contact form
    g••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
    Team page
    g••••••••.comreportedpublished 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
    $154Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026