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
F••• C•••••• M••••••••• L••
Latest filing Jul 14, 2026
First filing on the tape Jun 1, 2023 · 10 filings
SEC status approved since Jul 5, 2023
RAUM
$635M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
80%
$511M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$212M
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$635M as of Jul 14, 2026
Mar 15, 2024$425M then
HNW client RAUM$500M as of Jul 14, 2026
Mar 15, 2024$329M then
State-registered IARs (5.B.3)3 as of Jul 14, 2026
Mar 15, 20243 then
Employees (5.A)5 as of Jul 14, 2026
Mar 15, 20245 then
Private funds: no history
RAUM +28% over the last fiscal yearIARs 3 to 3
Practice profile
derived from the filing of Jul 14, 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
- RAUM per advisor
- $212MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 19derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $15.2MderivedHNW RAUM over HNW clients
- Average account
- $2.7MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 20%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +28%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +23%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, otherreportedItem 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
- High-net-worth individuals$500M79%
- Charitable organizations$125M20%
- Individuals$10.4M1.6%
- Individual clients
- 25reported
- HNW clients
- 33reported
- Pension plan clients
- n/areported
- Charitable clients
- 3reported
- Accounts
- 233reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.8 fund_share=0.0 institutional_share=0.2 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M•••••• F••••••••Chartered Financial Analyst | San Francisco, Ca | Dec 10, 2018 | 16 y | 0 |
| W•••••• J•••• R•••••••Chartered Financial Analyst | San Francisco, Ca | Oct 6, 2022 | 11 y | 0 |
| R••• F•••••• | San Francisco, Ca | Mar 4, 2025 | 12 y | 1 |
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
- J•••• M•••••• U••••• to E•••••••• C••••••Jun 5, 2024 · RIA to a state-registered adviser
Joined, latest
- R••• F•••••• from E•••••••• A•••••••• L••Mar 4, 2025 · Affiliated broker-dealer or bank to independent RIA
- J•••• M•••••• U••••• from W• F••••• O••••••Dec 11, 2019 · RIA to RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- F••••••••• M•••••• · Managing Membercontrolsince 08/2018 · owns 75% or more
- H••••• A••••• · Chief Compliance Officer, Chief Operating Officer, Director Of Social Impactcontrolsince 03/2019 · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| San Francisco, Ca · principal | 3 | 0 | 0 | ||
| Miami, Fl | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
- Miami, FL1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- unusually large average HNW clientStatic outlier · filing Jul 14, 2026HNW RAUM per HNW client of $15,153,493 against a peer median of $3,134,900 (1404 comparable advisers, 99.0th percentile, 7.9 robust deviations)peers: independent wealth managers, $500M to $1B (1,404) · 99% percentile
What changed
consecutive filings, newest first
- HQ city · to SAN FRANCISCOMar 11, 2026 to Jul 14, 2026
- HQ state · to CAMar 11, 2026 to Jul 14, 2026
- Accounts · 168 to 233Mar 24, 2025 to Mar 11, 2026
- Charity clients · 2 to 3Mar 24, 2025 to Mar 11, 2026
- HNW clients · 27 to 33Mar 24, 2025 to Mar 11, 2026
- Individual clients · 20 to 25Mar 24, 2025 to Mar 11, 2026
- Discretionary RAUM · $495M to $635MMar 24, 2025 to Mar 11, 2026
- HNW RAUM · $390M to $500MMar 24, 2025 to Mar 11, 2026
- Individual RAUM · $8.4M to $10.4MMar 24, 2025 to Mar 11, 2026
- Non-discretionary RAUM · $0 to $813,477Mar 24, 2025 to Mar 11, 2026
- RAUM · $495M to $635MMar 24, 2025 to Mar 11, 2026
- Accounts · 151 to 168Nov 27, 2024 to Mar 24, 2025
- Charity clients · 1 to 2Nov 27, 2024 to Mar 24, 2025
- HNW clients · 16 to 27Nov 27, 2024 to Mar 24, 2025
- Individual clients · 19 to 20Nov 27, 2024 to Mar 24, 2025
- Financial planning clients · 1-10 to 1-10Nov 27, 2024 to Mar 24, 2025
- HQ city · unset to Nov 27, 2024 to Mar 24, 2025
- HQ state · unset to Nov 27, 2024 to Mar 24, 2025
- Other offices · 2 to 0Nov 27, 2024 to Mar 24, 2025
- Discretionary RAUM · $249M to $495MNov 27, 2024 to Mar 24, 2025
- HNW RAUM · $329M to $390MNov 27, 2024 to Mar 24, 2025
- Individual RAUM · $7.1M to $8.4MNov 27, 2024 to Mar 24, 2025
- Non-discretionary RAUM · $177M to $0Nov 27, 2024 to Mar 24, 2025
- RAUM · $425M to $495MNov 27, 2024 to Mar 24, 2025
- Accounts · 121 to 151Jun 12, 2023 to Mar 15, 2024
- Charity clients · unset to 1.0Jun 12, 2023 to Mar 15, 2024
- HNW clients · 31 to 16Jun 12, 2023 to Mar 15, 2024
- Individual clients · 10 to 19Jun 12, 2023 to Mar 15, 2024
- Financial planning clients · 0 to 1-10Jun 12, 2023 to Mar 15, 2024
- HQ city · SAN FRANCISCO to unsetJun 12, 2023 to Mar 15, 2024
- HQ state · CA to unsetJun 12, 2023 to Mar 15, 2024
- Other offices · 3 to 2Jun 12, 2023 to Mar 15, 2024
- Discretionary RAUM · $88.9M to $249MJun 12, 2023 to Mar 15, 2024
- HNW RAUM · $267M to $329MJun 12, 2023 to Mar 15, 2024
- Individual RAUM · $2.5M to $7.1MJun 12, 2023 to Mar 15, 2024
- Non-discretionary RAUM · $180M to $177MJun 12, 2023 to Mar 15, 2024
- RAUM · $269M to $425MJun 12, 2023 to Mar 15, 2024
Signals
5 dated events
- F••• C•••••• M••••••••• L•• reported RAUM $635.5M, up 28% from $495.2M (2025-03-24 to 2026-03-11)Mar 11, 2026 · RAUM change · derived
- J•••• M•••••• U••••• left F••• C•••••• M••••••••• L•• for E•••••••• C•••••• (registered 2024-07-12)Jun 5, 2024 · Advisor changed firm · fact
- Michael J•••• Ulseth (Chief Investment Officer) no longer on Schedule A of F••• C•••••• M••••••••• L•• (listed 2024-03-15, absent 2024-06-05)Jun 5, 2024 · Control person left · inference
- F••• C•••••• M••••••••• L•• reported RAUM $425.2M, up 58% from $269.0M (2023-06-12 to 2024-03-15)Mar 15, 2024 · RAUM change · derived
- F••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Jun 1, 2023 · 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
- 415-828-0129reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 786-920-2014reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/firecapitalreportedpublic record, Form ADV, Sep 18, 2026
- Website
- firecapitalmanagement.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 415-828-0129reportedpublic record, Form ADV, Jul 14, 2026
- Contact form
- firecapitalmanagement.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- firecapitalmanagement.com/about/our-teamreportedpublished 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
- $212Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026