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

Thurston Springer Advisors

Broker-dealer affiliated wealth managerIndianapolis, IndianaCRD 299201SEC 801-114256websiteIAPD
Legal name Thurston Springer Advisors, LLC
Latest filing Nov 18, 2025
First filing on the tape Oct 6, 2018 · 60 filings
SEC status approved since Nov 2, 2018
RAUM
$3.7B
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
54%
$2.0B individuals and HNW
Advisors
102
registered through the firm on IAPD
RAUM per advisor
$36.0M
derived; firm RAUM over IAPD count
Employees
93
86 advisory (5.B.1)
Offices
20
beyond the principal office
Private funds
0
reported on Schedule D
History
60 filings and snapshots on the tape
RAUM$3.7B as of Nov 18, 2025
Sep 25, 2019$657M then
HNW client RAUM$1.3B as of Nov 18, 2025
Sep 25, 2019$346M then
State-registered IARs (5.B.3)86 as of Nov 18, 2025
Sep 25, 201954 then
Employees (5.A)93 as of Nov 18, 2025
Sep 25, 201954 then
Private funds: no history
RAUM +171% over the last fiscal year+53% a year over threeIARs 51 to 86
Practice profile
derived from the filing of Nov 18, 2025; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$36.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
55derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$601,076derivedHNW RAUM over HNW clients
Average account
$543,765derivedRAUM over accounts (5.F.2.f)
Discretionary
96%derivedof RAUM
Institutional
3.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
0.9derivedItem 5.A over advisors
Advisors per office
4.9derived21 offices incl. principal (1.F.5)
RAUM growth, one year
+192%derivedbetween the last two annual amendments
Advisor growth, one year
+29%derivedItem 5.B.3 between annual amendments
Client growth, one year
+116%derived
Compensation
percentage of assets, hourly, fixed fees, commissionsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisers, educational seminarsreportedItem 5.G
Financial planning clients
2,000reportedItem 5.H
Wrap fee program
$1.1BreportedItem 5.I
Custody
$31.6M, 140 clientsreportedItem 9.A
Ownership
controlled by a public reporting companyderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is an insurance broker or agent (6.A.6)
  • 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)
  • a related person acts as qualified custodian (9.D.2)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.3B57%
  • Individuals$674M29%
  • Corporations and businesses$208M8.9%
  • Charitable organizations$62.7M2.7%
  • Pension and profit-sharing plans$58.1M2.5%
  • Banks and thrifts$15.0M0.6%
Individual clients
3,395reported
HNW clients
2,205reported
Pension plan clients
134reported
Charitable clients
38reported
Accounts
6,759reported
Financial planning clients
2,000reported
Wrap fee programs
$554M sponsored, $554M managedreported
Custody of client assets
$31.6M for 140 clientsreported
Compensation
% of AUM, fixed, hourly, commissionsreported
Class basis
private_client_share=0.54 fund_share=0.0 institutional_share=0.03 related_bd=true related_bank=false bd_reps=86.0derived
Advisors registered through the firm
96 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Richard Wilson ParkerIndianapolis, In Aug 12, 202018 y1
Paul Lee HargittIndianapolis, InAug 25, 202025 y0
Gabriele Peggy AllenIndianapolis, InAug 25, 202036 y0
Jenna Lynn SpurrierIndianapolis, InAug 25, 202025 y3
James Fyfe WalkerIndianapolis, InAug 25, 202027 y2
Jeffrey V TriwediIndianapolis, InAug 25, 202032 y1
Todd Alan SpilleIndianapolis, InAug 25, 202037 y3
Myles Grant HartwigIndianapolis, InAug 25, 202033 y1
James John TitakIndianapolis, InAug 25, 202044 y0
Kevin Michael McdougallIndianapolis, InAug 25, 202016 y4
Sara Ann MuransIndianapolis, InAug 25, 202020 y0
James Michael MlottIndianapolis, InAug 25, 202041 y2
Jon Keith StuckerIndianapolis, InAug 26, 202043 y4
Lynn Dennis MoellerIndianapolis, InAug 26, 202042 y2
Mark William DamerIndianapolis, InAug 26, 202038 y4
Bradley Louis RozemaIndianapolis, InAug 27, 202046 y2
Paul William MuransIndianapolis, InAug 27, 202026 y3
Philip E LavelleCertified Financial PlannerIndianapolis, InAug 27, 202030 y4
Christopher Renfrow EsserIndianapolis, InAug 27, 202016 y1
John Matthew KerrCertified Financial PlannerIndianapolis, In Nov 24, 202028 y1
Robert James CaplingerIndianapolis, In Nov 24, 202040 y3
R. Alan ChaseSanta Cruz, Ca Nov 24, 202019 y1
Bruce Malcolm AverbackYoungstown, Oh Nov 24, 202046 y1
Terry Richard DanishBrodheadsville, Pa Nov 24, 202041 y1
Daniel J CohenDeerfield, Il Nov 27, 202034 y3
Lauchlin Vernon HinesCampobello, Sc Nov 27, 202024 y4
Jeannette Ann AdcockIndianapolis, In Sep 27, 202139 y5
Joshua Kulback SimonIndianapolis, In Oct 14, 202129 y2
James Sherwood GibbonsAnnapolis, Md Mar 18, 202227 y3
Clinton Andrew TrottaPalm Beach Gardens, Fl Mar 25, 202210 y1
Richard Noel TrottaPalm Beach Gardens, Fl Mar 27, 202242 y4
Joshua Andrew MazerCertified Financial PlannerAnnapolis, Md Jan 13, 202339 y6
Frank Andrew IngwersenColumbus, OhJan 20, 202344 y2
Joel David CoxBexley, OhJan 20, 202323 y2
Robert Lester FoxBexley, OhJan 20, 202341 y4
Christopher Ridgley JohnsBexley, OhJan 20, 202323 y2
John Gabriel PelusoSt. Louis, MoNov 16, 202334 y3
Andrew GroveIndianapolis, In Dec 11, 202327 y3
Mark Vincent ImprotaBloomfield Hills, Mi Dec 15, 202321 y2
Jeffrey Michael FratarcangeliIndianapolis, In Dec 15, 202330 y2
All 96 advisors at Thurston Springer Advisors
Advisor movement
7 left, 20 joined in 12 months
net +13 in 12 months2 left in 90 days0 joined in 90 daysdeparture rate 6.9% of current headcount12 left over 36 months
Left, latest
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
  • Brian Christopher Mueller · Chief Operations Officercontrol
    since 02/2025 · owns less than 5%
  • Wilson Richard Parker · Ceocontrol
    since 10/2018 · owns less than 5%
  • Mark Matthew Reynolds · Presidentcontrol
    since 11/2021 · owns less than 5%
  • Gabriel Christian Taylor · Chief Compliance Officercontrol
    since 11/2025 · owns less than 5%
  • John James Titak · Chairman Of The Boardcontrol
    since 10/2018 · owns less than 5%
  • Ann Karey Williams · Chief Compliance Officercontrol
    since 01/2022 · owns less than 5%
  • Wilson Richard Parker · Ownercontrol
    since 05/2020 · owns 25% to 50% of Financial Services Holdings, LLC
  • Mark Matthew Reynolds · Ownercontrol
    since 11/2021 · owns F of Financial Services Holdings, LLC
  • John James Titak · Ownercontrol
    since 05/2020 · owns F of Financial Services Holdings, LLC
  • Gabriel John Peluso · Executive Vice President
    since 11/2023 · owns less than 5%
  • Gabriel John Peluso · Owner
    since 11/2023 · owns F of Financial Services Holdings, LLC
Entity owners
  • Financial Services Holdings, LLC · Sole Owner
    direct · owns 75% or more
Related persons
Schedule D 7.A
Advisers that list Thurston Springer Advisors as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Indianapolis, In · principal96320
Oklahoma City, Ok1000
Bloomfield Hills, Mi1051
Tyler, Tx880
Fort Lauderdale, Fl641
Mishawaka, In521
Nacogdoches, Tx440
Richmond, Va440
Bexley, Oh300
Annapolis, Md200
Jupiter, Fl200
Palm Beach Gardens, Fl201
Louisville, Ky001
Charlotte, Nc000
Valdese, Nc001
Miami, Fl001
Offices
Schedule D 1.F, the 25 largest
  • Palm Beach Gardens, FL2 employees
  • Indianapolis, IN2 employees
  • Lafayette, IN2 employees
  • Brodheadsville, PA1 employees
  • Campobello, SC1 employees
  • Franklin, IN1 employees
  • Valdese, NC1 employees
  • Bloomington, IN1 employees
  • Youngstown, OH1 employees
  • Itasca, IL1 employees
  • Deerfield, IL1 employees
  • Sun Prairie, WI1 employees
  • Sarasota, FL1 employees
  • , 1 employees
  • Annapolis, MD1 employees
  • Washington, DC1 employees
  • Louisville, KY1 employees
  • , 1 employees
  • Anderson, IN1 employees
  • Santa Cruz, CA1 employees
ADV anomalies
4 against comparable advisers; where to look, not conclusions
  • affiliate changedChange between filings · filing Nov 18, 2025
    bank affiliate (Item 7.A.6): yes on the filing of 2025-08-18, no on the filing of 2025-11-18
    peers: affiliated wealth managers, $1B to $5B (56)
  • control person changedChange between filings · filing Nov 18, 2025
    Mueller, Christopher, Brian (CHIEF OPERATIONS OFFICER) appeared on Schedule A between the filings of 2024-09-30 and 2025-11-18
    peers: affiliated wealth managers, $1B to $5B (56)
  • control person changedChange between filings · filing Nov 18, 2025
    Taylor, Christian, Gabriel (CHIEF COMPLIANCE OFFICER) appeared on Schedule A between the filings of 2024-09-30 and 2025-11-18
    peers: affiliated wealth managers, $1B to $5B (56)
  • control person changedChange between filings · filing Nov 18, 2025
    Williams, Karey, Ann (CHIEF COMPLIANCE OFFICER) left Schedule A between the filings of 2024-09-30 and 2025-11-18
    peers: affiliated wealth managers, $1B to $5B (56)
What changed
consecutive filings, newest first
  • Accounts · 4,342 to 6,759
    Aug 18, 2025 to Nov 18, 2025
  • Advisory employees · 68 to 86
    Aug 18, 2025 to Nov 18, 2025
  • BD registered reps · 66 to 86
    Aug 18, 2025 to Nov 18, 2025
  • Charity clients · 31 to 38
    Aug 18, 2025 to Nov 18, 2025
  • Corporate clients · 18 to 99
    Aug 18, 2025 to Nov 18, 2025
  • HNW clients · 485 to 2,205
    Aug 18, 2025 to Nov 18, 2025
  • Individual clients · 3,808 to 3,395
    Aug 18, 2025 to Nov 18, 2025
  • Pension plan clients · unset to 134.0
    Aug 18, 2025 to Nov 18, 2025
  • Employees · 68 to 93
    Aug 18, 2025 to Nov 18, 2025
  • Insurance-licensed employees · 0 to 7
    Aug 18, 2025 to Nov 18, 2025
  • State-registered IARs · 66 to 86
    Aug 18, 2025 to Nov 18, 2025
  • Discretionary RAUM · $4.0B to $3.5B
    Aug 18, 2025 to Nov 18, 2025
  • HNW RAUM · $1.4B to $1.3B
    Aug 18, 2025 to Nov 18, 2025
  • Individual RAUM · $2.5B to $674M
    Aug 18, 2025 to Nov 18, 2025
  • Non-discretionary RAUM · $0 to $158M
    Aug 18, 2025 to Nov 18, 2025
  • Pension RAUM · unset to 58082497.0
    Aug 18, 2025 to Nov 18, 2025
  • RAUM · $4.0B to $3.7B
    Aug 18, 2025 to Nov 18, 2025
  • Related adviser · false to true
    Aug 18, 2025 to Nov 18, 2025
  • Related bank · true to false
    Aug 18, 2025 to Nov 18, 2025
  • Wrap assets (manager) · $565M to $554M
    Aug 18, 2025 to Nov 18, 2025
  • Wrap assets (sponsor) · $565M to $554M
    Aug 18, 2025 to Nov 18, 2025
  • Financial planning clients · More than 500 to More than 500
    Jun 3, 2025 to Jul 31, 2025
  • Accounts · 3,859 to 4,342
    Jun 14, 2024 to Sep 30, 2024
  • Advisory employees · 51 to 68
    Jun 14, 2024 to Sep 30, 2024
  • BD registered reps · 50 to 66
    Jun 14, 2024 to Sep 30, 2024
  • Charity clients · unset to 31.0
    Jun 14, 2024 to Sep 30, 2024
  • Corporate clients · unset to 18.0
    Jun 14, 2024 to Sep 30, 2024
  • HNW clients · 301 to 485
    Jun 14, 2024 to Sep 30, 2024
  • Individual clients · 1,691 to 3,808
    Jun 14, 2024 to Sep 30, 2024
  • Employees · 51 to 68
    Jun 14, 2024 to Sep 30, 2024
  • State-registered IARs · 51 to 66
    Jun 14, 2024 to Sep 30, 2024
  • Discretionary RAUM · $1.4B to $4.0B
    Jun 14, 2024 to Sep 30, 2024
  • HNW RAUM · $899M to $1.4B
    Jun 14, 2024 to Sep 30, 2024
  • Individual RAUM · $455M to $2.5B
    Jun 14, 2024 to Sep 30, 2024
  • RAUM · $1.4B to $4.0B
    Jun 14, 2024 to Sep 30, 2024
  • Accounts · 3,556 to 3,859
    Aug 8, 2023 to Sep 28, 2023
  • Advisory employees · 55 to 51
    Aug 8, 2023 to Sep 28, 2023
  • BD registered reps · 54 to 50
    Aug 8, 2023 to Sep 28, 2023
  • HNW clients · 179 to 301
    Aug 8, 2023 to Sep 28, 2023
  • Individual clients · 1,457 to 1,691
    Aug 8, 2023 to Sep 28, 2023
Signals
43 dated events
  • Lindsay H. Askland left Thurston Springer Advisors for Commonwealth Financial Network (registered 2026-09-08)
    Aug 25, 2026 · Advisor changed firm · fact
  • Austin Robert Murphy left Thurston Springer Advisors for Lpl Financial Llc (registered 2026-08-04)
    Aug 6, 2026 · Advisor changed firm · fact
  • 2 advisors left Wells Fargo Advisors (Newport News, VA) for Thurston Springer Advisors on the same day
    Apr 24, 2026 · Team lift-out · derived
  • Macord Henri Foran left Thurston Springer Advisors for Entrewealth (registered 2026-01-26)
    Mar 18, 2026 · Advisor changed firm · fact
  • Matthew Cotton left Thurston Springer Advisors for Lpl Financial Llc (registered 2026-02-17)
    Feb 20, 2026 · Advisor changed firm · fact
  • Jack James Skrzycki left Thurston Springer Advisors for Spartan Wealth Management (registered 2026-01-09)
    Dec 24, 2025 · Advisor changed firm · fact
  • Andrew Jeffrey Southworth left Thurston Springer Advisors for Cetera Investment Advisers Llc (registered 2025-11-20)
    Nov 19, 2025 · Advisor changed firm · fact
  • Thurston Springer Advisors reported 86 state-registered advisory representatives, up from 66 (2025-08-18 to 2025-11-18)
    Nov 18, 2025 · Advisor headcount change · derived
  • 12 advisors left Wells Fargo Advisors (Tyler, TX) for Thurston Springer Advisors within 12 days
    Oct 15, 2025 · Team lift-out · derived
  • Maryann Diamond left Thurston Springer Advisors for Lpl Financial Llc (registered 2025-10-06)
    Oct 6, 2025 · Advisor changed firm · fact
  • Hanna Marie Jackson left Thurston Springer Advisors for Ubs Financial Services Inc. (registered 2025-09-17)
    Aug 25, 2025 · Advisor changed firm · fact
  • Elizabeth Ann Hurst left Thurston Springer Advisors for Raymond James & Associates, Inc. (registered 2025-07-23)
    Jul 29, 2025 · Advisor changed firm · fact
  • Anthony Lanfranchi left Thurston Springer Advisors for Northwestern Mutual Investment Services,Llc (registered 2026-07-17)
    May 13, 2025 · Advisor changed firm · fact
  • John David Macik left Thurston Springer Advisors for Mariner (registered 2025-07-24)
    Feb 7, 2025 · Advisor changed firm · fact
  • 4 advisors left Wells Fargo Advisors (Mishawaka, IN) for Thurston Springer Advisors on the same day
    Dec 17, 2024 · Team lift-out · derived
  • Thurston Springer Advisors reported 66 state-registered advisory representatives, up from 51 (2024-06-14 to 2024-09-30)
    Sep 30, 2024 · Advisor headcount change · derived
  • Thurston Springer Advisors reported RAUM $4.0B, up 192% from $1.4B (2024-06-14 to 2024-09-30)
    Sep 30, 2024 · RAUM change · derived
  • Phillips Capital Advisors, Inc.'s advisors moved to Thurston Springer Advisors (Oklahoma City, OK): 12 of 13 registered, on the same day
    Jun 28, 2024 · Firm absorbed (people side) · derived
  • 3 advisors left Wells Fargo Advisors (Bloomfield Hills, MI) for Thurston Springer Advisors on the same day
    Jan 5, 2024 · Team lift-out · derived
  • 3 advisors left Wells Fargo Advisors (Mishawaka, IN) for Thurston Springer Advisors on the same day
    Jan 5, 2024 · Team lift-out · derived
  • 3 advisors left Wells Fargo Advisors (Fort Lauderdale, FL) for Thurston Springer Advisors within 5 days
    Jan 5, 2024 · Team lift-out · derived
  • Lucius Hamilton left Thurston Springer Advisors for J.P. Morgan Securities Llc (registered 2023-12-15)
    Dec 22, 2023 · Advisor changed firm · fact
  • Robert C Bove left Thurston Springer Advisors for United Advisor Group (registered 2023-03-01)
    Mar 7, 2023 · Advisor changed firm · fact
  • John Patterson Corey left Thurston Springer Advisors for Southbridge Capital Partners Llc (registered 2024-07-12)
    Mar 1, 2023 · Advisor changed firm · fact
  • 2 advisors left Thurston Springer Advisors (Indianapolis, IN) for United Advisor Group on the same day
    Feb 23, 2023 · Team lift-out · derived
  • Craig Michael Connolly left Thurston Springer Advisors for United Advisor Group (registered 2023-02-10)
    Feb 23, 2023 · Advisor changed firm · fact
  • Stephen Dennis Taylor left Thurston Springer Advisors for United Advisor Group (registered 2023-02-23)
    Feb 23, 2023 · Advisor changed firm · fact
  • 3 advisors left 1914 Advisors (Columbus, OH) for Thurston Springer Advisors on the same day
    Jan 17, 2023 · Team lift-out · derived
  • 2 advisors left 1914 Advisors (West Conshohocken, PA) for Thurston Springer Advisors on the same day
    Jan 17, 2023 · Team lift-out · derived
  • Donald Edgar Bates left Thurston Springer Advisors for Ameriprise Financial Services, Llc (registered 2022-12-13)
    Dec 14, 2022 · Advisor changed firm · 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
Website
cohen-cap.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
317.581.4000reportedpublic record, Form ADV, Nov 18, 2025
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
Broker-dealer affiliated wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$36.0Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026