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

Private Counsel Group, Ltd.

Independent wealth managerIndianapolis, IndianaCRD 300083SEC 801-135690websiteIAPD
Latest filing Feb 25, 2026
First filing on the tape Dec 14, 2018 · 6 filings
SEC status approved since Mar 27, 2026
RAUM
$116M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
100%
$116M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$58.0M
derived; firm RAUM over IAPD count
Employees
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
6 filings and snapshots on the tape
RAUM$116M as of Feb 25, 2026
Dec 14, 2018$0 then
HNW client RAUM$110M as of Feb 25, 2026
May 15, 2019$33.6M then
State-registered IARs (5.B.3)2 as of Feb 25, 2026
Dec 14, 20181 then
Employees (5.A)2 as of Feb 25, 2026
Dec 14, 20181 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Feb 25, 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
RAUM per advisor
$58.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
32derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.4MderivedHNW RAUM over HNW clients
Average account
$758,216derivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 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, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisers, 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
  • 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$110M95%
  • Individuals$6.3M5.4%
Individual clients
31reported
HNW clients
32reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
153reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, 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
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Anthony Charles LarosaCertified Financial PlannerIndianapolis, In May 20, 201934 y2
Joseph S LarosaCertified Financial PlannerIndianapolis, InMar 4, 202050 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
    Every departureEvery arrival
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Charles Anthony Larosa · Managing Director, Chief Compliance Officercontrol
      since 12/2018 · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Indianapolis, In · principal200
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • low discretionary shareStatic outlier · filing Feb 25, 2026
      discretionary share of RAUM of 0% against a peer median of 100% (5676 comparable advisers, 0.0th percentile, 33.7 robust deviations)
      peers: independent wealth managers, $100M to $500M (5,676) · 0.0% percentile
    How anomalies are measured
    What changed
    consecutive filings, newest first
    • Accounts · 99 to 153
      May 20, 2019 to Feb 25, 2026
    • Charity clients · unset to 0.0
      May 20, 2019 to Feb 25, 2026
    • Corporate clients · unset to 0.0
      May 20, 2019 to Feb 25, 2026
    • HNW clients · 13 to 32
      May 20, 2019 to Feb 25, 2026
    • Individual clients · 24 to 31
      May 20, 2019 to Feb 25, 2026
    • Pension plan clients · unset to 0.0
      May 20, 2019 to Feb 25, 2026
    • Pooled vehicle clients · unset to 0.0
      May 20, 2019 to Feb 25, 2026
    • Employees · 1 to 2
      May 20, 2019 to Feb 25, 2026
    • Financial planning clients · 0 to 1-10
      May 20, 2019 to Feb 25, 2026
    • State-registered IARs · 1 to 2
      May 20, 2019 to Feb 25, 2026
    • HNW RAUM · $33.6M to $110M
      May 20, 2019 to Feb 25, 2026
    • Individual RAUM · $7.1M to $6.3M
      May 20, 2019 to Feb 25, 2026
    • Non-discretionary RAUM · $40.6M to $116M
      May 20, 2019 to Feb 25, 2026
    • Pension RAUM · unset to 0.0
      May 20, 2019 to Feb 25, 2026
    • Pooled vehicle RAUM · unset to 0.0
      May 20, 2019 to Feb 25, 2026
    • RAUM · $40.6M to $116M
      May 20, 2019 to Feb 25, 2026
    • Accounts · 0 to 99
      Apr 30, 2019 to May 15, 2019
    • HNW clients · unset to 13.0
      Apr 30, 2019 to May 15, 2019
    • Individual clients · unset to 24.0
      Apr 30, 2019 to May 15, 2019
    • HNW RAUM · unset to 33567552.0
      Apr 30, 2019 to May 15, 2019
    • Individual RAUM · unset to 7054311.0
      Apr 30, 2019 to May 15, 2019
    • Non-discretionary RAUM · $0 to $40.6M
      Apr 30, 2019 to May 15, 2019
    • RAUM · $0 to $40.6M
      Apr 30, 2019 to May 15, 2019
    • HQ city · LOS ANGELES to INDIANAPOLIS
      Feb 11, 2019 to Apr 30, 2019
    • HQ state · CA to IN
      Feb 11, 2019 to Apr 30, 2019
    • Organization form · Limited Liability Company to Corporation
      Dec 14, 2018 to Feb 11, 2019
    Signals
    1 dated events
    • Private Counsel Group, Ltd. filed its initial SEC registration (Form ADV)
      Dec 14, 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
    Principal office phone
    317-627-8957reportedpublic record, Form ADV, Feb 25, 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
    $58.0Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026