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

Talon LLC

Independent wealth managerSan Juan, PRCRD 298714SEC 801-114857websiteIAPD
Latest filing May 21, 2026
First filing on the tape Feb 16, 2019 · 31 filings
SEC status approved since Mar 15, 2019
RAUM
$1.1B
reported, Item 5.F
Discretionary
75%
of RAUM
Private clients
100%
$1.1B individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$118M
derived; firm RAUM over IAPD count
Employees
22
8 advisory (5.B.1)
Offices
13
beyond the principal office
Private funds
0
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$1.1B as of May 21, 2026
Mar 31, 2021$165M then
HNW client RAUM$190M as of May 21, 2026
Mar 31, 2022$290M then
State-registered IARs (5.B.3)8 as of May 21, 2026
Mar 31, 20216 then
Employees (5.A)22 as of May 21, 2026
Mar 31, 20218 then
Private funds: no history
RAUM n/a over the last fiscal year+8.7% a year over three
Practice profile
derived from the filing of May 21, 2026; every figure names its basis
Archetypes, each a printed rule
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
RAUM per advisor
$118MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
213derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.9MderivedHNW RAUM over HNW clients
Average account
$94,764derivedRAUM over accounts (5.F.2.f)
Discretionary
75%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.4derivedItem 5.A over advisors
Advisors per office
0.6derived14 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
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
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)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$866M82%
  • High-net-worth individuals$190M18%
  • Corporations and businesses$4.8M0.5%
Individual clients
1,823reported
HNW clients
98reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
11,189reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Anastasia Marie FuscoFolsom, Ca Nov 24, 202110 y0
Matthew Edwin JonesLongwood, Fl Feb 14, 202411 y0
Rennie Joyce RodriguezSan Juan, PrAug 21, 202522 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 headcount1 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Michael Robert Lester · Managing Membercontrol
    since 02/2019 · owns 75% or more
  • Mehrizi Leila Shaver · Chief Compliance Officer
    since 08/2024 · owns less than 5%
Related persons
Schedule D 7.A
  • Epic Financial Group, Inc.
    real estatey
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
San Juan, Pr · principal900
Tulsa, Ok000
Offices
Schedule D 1.F, the 25 largest
  • Saint Augustine, FL3 employees
  • Longwood, FL2 employees
  • Folsom, CA2 employees
  • Omaha, NE2 employees
  • Tulsa, OK1 employees
  • Roseville, CA1 employees
  • Palm Coast, FL
  • Broomfield, CO
  • Elk Grove, CA
  • San Diego, CA
  • St. Petersburg, FL
  • Tampa, FL
  • The Villages, FL
  • Grand Rapids, MI
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • high office count relative to headcountStatic outlier · filing May 21, 2026
    offices per registered advisor of 1.6 against a peer median of 0.3 (529 comparable advisers, 99.0th percentile, 5.3 robust deviations)
    peers: independent wealth managers, $1B to $5B (529) · 99% percentile
What changed
consecutive filings, newest first
  • Succession · true to false
    Mar 29, 2026 to May 21, 2026
  • Accounts · 4,586 to 11,189
    Jan 12, 2026 to Mar 29, 2026
  • Business name · TALON PRIVATE WEALTH, LLC to TALON LLC
    Jan 12, 2026 to Mar 29, 2026
  • HNW clients · 226 to 98
    Jan 12, 2026 to Mar 29, 2026
  • Individual clients · 1,785 to 1,823
    Jan 12, 2026 to Mar 29, 2026
  • HQ city · THE VILLAGES to SAN JUAN
    Jan 12, 2026 to Mar 29, 2026
  • HQ state · FL to PR
    Jan 12, 2026 to Mar 29, 2026
  • Legal name · TALON PRIVATE WEALTH, LLC to TALON LLC
    Jan 12, 2026 to Mar 29, 2026
  • Discretionary RAUM · $816M to $796M
    Jan 12, 2026 to Mar 29, 2026
  • HNW RAUM · $407M to $190M
    Jan 12, 2026 to Mar 29, 2026
  • Individual RAUM · $470M to $866M
    Jan 12, 2026 to Mar 29, 2026
  • Non-discretionary RAUM · $60.9M to $264M
    Jan 12, 2026 to Mar 29, 2026
  • RAUM · $877M to $1.1B
    Jan 12, 2026 to Mar 29, 2026
  • Succession · false to true
    Jan 12, 2026 to Mar 29, 2026
  • Financial planning clients · 0 to 0
    May 1, 2025 to Jul 9, 2025
  • Other offices · 12 to 13
    May 1, 2025 to Jul 9, 2025
  • Accounts · 8,813 to 4,586
    Oct 1, 2024 to May 1, 2025
  • HNW clients · 203 to 226
    Oct 1, 2024 to May 1, 2025
  • Individual clients · 1,778 to 1,785
    Oct 1, 2024 to May 1, 2025
  • Other offices · 14 to 12
    Oct 1, 2024 to May 1, 2025
  • Discretionary RAUM · $787M to $816M
    Oct 1, 2024 to May 1, 2025
  • HNW RAUM · $356M to $407M
    Oct 1, 2024 to May 1, 2025
  • Individual RAUM · $488M to $470M
    Oct 1, 2024 to May 1, 2025
  • Non-discretionary RAUM · $56.7M to $60.9M
    Oct 1, 2024 to May 1, 2025
  • RAUM · $843M to $877M
    Oct 1, 2024 to May 1, 2025
  • Accounts · 4,058 to 8,813
    Jan 18, 2024 to Mar 25, 2024
  • HNW clients · 188 to 203
    Jan 18, 2024 to Mar 25, 2024
  • Individual clients · 1,783 to 1,778
    Jan 18, 2024 to Mar 25, 2024
  • Discretionary RAUM · $761M to $787M
    Jan 18, 2024 to Mar 25, 2024
  • HNW RAUM · $320M to $356M
    Jan 18, 2024 to Mar 25, 2024
  • Individual RAUM · $506M to $488M
    Jan 18, 2024 to Mar 25, 2024
  • Non-discretionary RAUM · $65.5M to $56.7M
    Jan 18, 2024 to Mar 25, 2024
  • RAUM · $826M to $843M
    Jan 18, 2024 to Mar 25, 2024
  • Accounts · 3,802 to 4,058
    Apr 27, 2022 to Mar 31, 2023
  • Advisory employees · 7 to 8
    Apr 27, 2022 to Mar 31, 2023
  • HNW clients · 212 to 188
    Apr 27, 2022 to Mar 31, 2023
  • Individual clients · 3,590 to 1,783
    Apr 27, 2022 to Mar 31, 2023
  • Employees · 18 to 22
    Apr 27, 2022 to Mar 31, 2023
  • Insurance-licensed employees · 6 to 7
    Apr 27, 2022 to Mar 31, 2023
  • State-registered IARs · 7 to 8
    Apr 27, 2022 to Mar 31, 2023
Signals
12 dated events
  • Talon Llc reported succeeding to the business of Talon Private Wealth, Llc (Form ADV Item 4)
    Mar 29, 2026 · Succession (Item 4) · fact
  • Mehrizi Leila Shaver (Chief Compliance Officer) appeared on Schedule A of Talon Llc
    Oct 1, 2024 · Control person joined · fact
  • Thomas Joseph Alley left Talon Llc for Brookstone Wealth Advisors, Llc (registered 2023-04-11)
    May 20, 2024 · Advisor changed firm · fact
  • Anne Jill Veenstra (Chief Compliance Officer) no longer on Schedule A of Talon Llc (listed 2024-04-10, absent 2024-05-01)
    May 1, 2024 · Control person left · inference
  • Mallory Pagano (Chief Compliance Officer) appeared on Schedule A of Talon Llc
    May 1, 2024 · Control person joined · fact
  • Anne Jill Veenstra (Chief Compliance Officer) appeared on Schedule A of Talon Llc
    Apr 10, 2024 · Control person joined · fact
  • Jesse Case (Chief Compliance Officer) no longer on Schedule A of Talon Llc (listed 2023-03-31, absent 2023-05-01)
    May 1, 2023 · Control person left · inference
  • Talon Llc reported 13 offices beyond its principal office, up from 4 (2021-10-26 to 2022-03-31)
    Mar 31, 2022 · Office count change · derived
  • Talon Llc reported RAUM $774.3M, up 369% from $164.9M (2021-10-26 to 2022-03-31)
    Mar 31, 2022 · RAUM change · derived
  • Jesse Case (Chief Compliance Officer) appeared on Schedule A of Talon Llc
    Mar 31, 2022 · Control person joined · fact
  • Talon Llc reported RAUM $168.6M, down 42% from $292.6M (2020-07-01 to 2020-09-14)
    Sep 14, 2020 · RAUM change · derived
  • Talon Private Wealth, Llc filed its initial SEC registration (Form ADV)
    Feb 16, 2019 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Business phone
352-751-3200reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
402-932-2141reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
402-939-0732reportedpublished by the firm, firm site, Sep 16, 2026
Firm profile
Linkedin.com/company/talon-wealth-manreportedpublic record, Form ADV, Sep 17, 2026
Website
talonwm.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
(352) 751-3200reportedpublic record, Form ADV, May 21, 2026
Contact form
talonwm.com/contactreportedpublished by the firm, firm site, Sep 16, 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
$118Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026