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

Independence Square Holdings, LLC

Independent wealth managerKing Of Prussia, PennsylvaniaCRD 300139SEC 801-116750websiteIAPD
Latest filing Mar 6, 2026
First filing on the tape May 7, 2019 · 30 filings
SEC status approved since Jun 7, 2019
RAUM
$1.8B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$1.8B individuals and HNW
Advisors
41
registered through the firm on IAPD
RAUM per advisor
$44.7M
derived; firm RAUM over IAPD count
Employees
37
37 advisory (5.B.1)
Offices
13
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$1.8B as of Mar 6, 2026
Feb 3, 2020$544M then
HNW client RAUM$1.5B as of Mar 6, 2026
Feb 3, 2020$187M then
State-registered IARs (5.B.3)30 as of Mar 6, 2026
Feb 3, 202037 then
Employees (5.A)37 as of Mar 6, 2026
Feb 3, 202037 then
Private funds: no history
RAUM +23% over the last fiscal year+26% a year over threeIARs 30 to 30offices 10 to 13
Practice profile
derived from the filing of Mar 6, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$44.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
64derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.3MderivedHNW RAUM over HNW clients
Average account
$692,590derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
0.9derivedItem 5.A over advisors
Advisors per office
2.9derived14 offices incl. principal (1.F.5)
RAUM growth, one year
+23%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+5.1%derived
Compensation
percentage of assets, hourly, fixed fees, subscription, performance-based, commissions, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisers, publicationsreportedItem 5.G
Wrap fee program
$1.7BreportedItem 5.I
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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.5B79%
  • Individuals$363M20%
  • Pension and profit-sharing plans$11.7M0.6%
  • Charitable organizations$5.1M0.3%
  • Corporations and businesses$3.3M0.2%
Individual clients
1,541reported
HNW clients
1,080reported
Pension plan clients
13reported
Charitable clients
7reported
Accounts
2,648reported
Financial planning clients
51-100reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourly, performance, commissionsreported
Class basis
private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=30.0derived
Advisors registered through the firm
40 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Jordan Christian NorleyKing Of Prussia, PaFeb 17, 201122 y3
Mark G ComynsKing Of Prussia, Pa Aug 20, 201243 y4
Shane Patrick SmithCertified Financial Planner, Chartered Financial ConsultantKing Of Prussia, Pa Sep 26, 201322 y2
Eric Justin LongCertified Financial PlannerKing Of Prussia, PaJun 1, 201722 y3
Douglas John SweeneyKing Of Prussia, PaOct 4, 201829 y4
Mark Ailer McmahonKing Of Prussia, PaJan 13, 202029 y4
Christopher George GroeberCertified Financial PlannerKing Of Prussia, PaJan 13, 202022 y2
Brenton Friden StranskyCertified Financial PlannerKing Of Prussia, Pa Jan 13, 202021 y5
Jesse LevyKing Of Prussia, PaJan 13, 202015 y3
John Robert DelpKing Of Prussia, PaJan 13, 202030 y2
Daniel J MorseCherry Hill, Nj Jan 13, 202019 y3
Erik Clifford LindholmKing Of Prussia, PaJan 13, 202030 y4
Stephen Matthew SchlichterPensacola, Fl Jan 13, 202041 y3
Brian D PlattCertified Financial PlannerKing Of Prussia, PaJan 13, 202036 y4
Michael Andrew SlatteryKing Of Prussia, PaJan 13, 202032 y1
Blaise James MilanekKing Of Prussia, PaJan 14, 202031 y2
Richard Joseph CataneseKing Of Prussia, PaJan 16, 202026 y2
Monica Anne PedanoKing Of Prussia, PaJan 17, 202032 y1
Daniel Martin AgogliaKing Of Prussia, PaJan 17, 202028 y1
Meg RyanKing Of Prussia, PaJan 17, 202020 y3
Thomas Joseph MchughKing Of Prussia, PaJan 17, 202017 y2
Joseph Black ElliottCertified Financial PlannerKing Of Prussia, PaJan 21, 202030 y3
Zachary Scott MineurChartered Financial AnalystKing Of Prussia, PaJan 21, 202011 y2
Andrew W OmalleyCertified Financial PlannerKing Of Prussia, PaJul 27, 202029 y2
Benjamin Morris AuslanderKing Of Prussia, PaMar 23, 202132 y2
John J GrimleyKing Of Prussia, PaJun 24, 202125 y0
Christine Diane McewanKing Of Prussia, PaJul 7, 202110 y2
Daniel B GeehanFort Worth, TxApr 7, 202226 y2
Kaleb Matthew BurnsKing Of Prussia, PaAug 11, 202216 y4
Blaise Willing MilanekKing Of Prussia, PaAug 23, 202213 y0
Timothy Joseph DorazioKing Of Prussia, PaAug 24, 202319 y1
Matthew Ryan ReeseCarlsbad, Ca Oct 30, 202314 y0
Christopher Bartley LundmarkKing Of Prussia, PaAug 6, 202428 y2
Adam Jason ScherzerConshohocken, Pa Nov 25, 202422 y0
Eugene Joseph MulvaneyKing Of Prussia, Pa Dec 12, 202435 y5
Steven Ted EpsteinKing Of Prussia, Pa Dec 4, 202526 y1
Michael Brian BurchellKing Of Prussia, Pa Dec 18, 202519 y1
Dale Brian FoardKing Of Prussia, Pa Dec 23, 202519 y1
Michael S NickersonChestertown, Md Jan 1, 202612 y0
Norman Stanley BatanskyBoca Raton, Fl Jan 1, 202646 y3
Advisor movement
0 left, 4 joined in 12 months
net +4 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Matthew Kaleb Burns · Chief Compliance Officercontrol
      since 06/2022 · owns less than 5%
    • Black Joseph Elliott · Managing Membercontrol
      since 11/2017 · owns 75% or more
    • Scott Zachary Mineur · Chief Investment Officercontrol
      since 01/2020 · 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
    King Of Prussia, Pa · principal40602
    Baltimore, Md220
    Carlsbad, Ca200
    Offices
    Schedule D 1.F, the 25 largest
    • Carlsbad, CA1 employees
    • Cherry Hill, NJ1 employees
    • Duck, NC1 employees
    • Fort Worth, TX1 employees
    • , 1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 3,985 to 2,648
      Mar 31, 2025 to Mar 6, 2026
    • HNW clients · 1,058 to 1,080
      Mar 31, 2025 to Mar 6, 2026
    • Individual clients · 1,435 to 1,541
      Mar 31, 2025 to Mar 6, 2026
    • Other offices · 10 to 13
      Mar 31, 2025 to Mar 6, 2026
    • Discretionary RAUM · $1.5B to $1.8B
      Mar 31, 2025 to Mar 6, 2026
    • HNW RAUM · $1.2B to $1.5B
      Mar 31, 2025 to Mar 6, 2026
    • Individual RAUM · $286M to $363M
      Mar 31, 2025 to Mar 6, 2026
    • Non-discretionary RAUM · $585,472 to $749,522
      Mar 31, 2025 to Mar 6, 2026
    • Pension RAUM · $10.3M to $11.7M
      Mar 31, 2025 to Mar 6, 2026
    • RAUM · $1.5B to $1.8B
      Mar 31, 2025 to Mar 6, 2026
    • Related adviser · false to true
      Mar 31, 2025 to Mar 6, 2026
    • Accounts · 3,402 to 3,985
      Mar 29, 2024 to Mar 31, 2025
    • Advisory employees · 40 to 37
      Mar 29, 2024 to Mar 31, 2025
    • Advisory activities · 6 to 5
      Mar 29, 2024 to Mar 31, 2025
    • Charity clients · 8 to 7
      Mar 29, 2024 to Mar 31, 2025
    • HNW clients · 906 to 1,058
      Mar 29, 2024 to Mar 31, 2025
    • Individual clients · 1,260 to 1,435
      Mar 29, 2024 to Mar 31, 2025
    • Pension plan clients · 12 to 13
      Mar 29, 2024 to Mar 31, 2025
    • Employees · 40 to 37
      Mar 29, 2024 to Mar 31, 2025
    • Insurance-licensed employees · 0 to 7
      Mar 29, 2024 to Mar 31, 2025
    • Financial planning clients · 51-100 to 51-100
      Mar 29, 2024 to Mar 31, 2025
    • State-registered IARs · 35 to 30
      Mar 29, 2024 to Mar 31, 2025
    • Other offices · 7 to 10
      Mar 29, 2024 to Mar 31, 2025
    • Discretionary RAUM · $1.1B to $1.5B
      Mar 29, 2024 to Mar 31, 2025
    • HNW RAUM · $857M to $1.2B
      Mar 29, 2024 to Mar 31, 2025
    • Individual RAUM · $272M to $286M
      Mar 29, 2024 to Mar 31, 2025
    • Non-discretionary RAUM · $0 to $585,472
      Mar 29, 2024 to Mar 31, 2025
    • Pension RAUM · $11.4M to $10.3M
      Mar 29, 2024 to Mar 31, 2025
    • RAUM · $1.1B to $1.5B
      Mar 29, 2024 to Mar 31, 2025
    • Accounts · 2,025 to 2,149
      Oct 6, 2023 to Mar 29, 2024
    • Advisory employees · 41 to 40
      Oct 6, 2023 to Mar 29, 2024
    • Advisory activities · 5 to 6
      Oct 6, 2023 to Mar 29, 2024
    • Charity clients · 6 to 8
      Oct 6, 2023 to Mar 29, 2024
    • Corporate clients · 5 to 7
      Oct 6, 2023 to Mar 29, 2024
    • HNW clients · 835 to 903
      Oct 6, 2023 to Mar 29, 2024
    • Individual clients · 1,168 to 1,219
      Oct 6, 2023 to Mar 29, 2024
    • Pension plan clients · 11 to 12
      Oct 6, 2023 to Mar 29, 2024
    • Commission compensation · false to true
      Oct 6, 2023 to Mar 29, 2024
    • Employees · 41 to 40
      Oct 6, 2023 to Mar 29, 2024
    • State-registered IARs · 34 to 35
      Oct 6, 2023 to Mar 29, 2024
    Signals
    10 dated events
    • 2 advisors left Wealth Planning Group (Baltimore, MD) for Independence Square Holdings, LLC on the same day
      Dec 31, 2025 · Team lift-out · derived
    • Independence Square Holdings, Llc reported RAUM $1.5B, up 30% from $1.1B (2024-03-29 to 2025-03-31)
      Mar 31, 2025 · RAUM change · derived
    • L Valerie Speare (Chief Compliance Officer) no longer on Schedule A of Independence Square Holdings, Llc (listed 2022-03-31, absent 2022-07-14)
      Jul 14, 2022 · Control person left · inference
    • Matthew Kaleb Burns (Chief Compliance Officer) appeared on Schedule A of Independence Square Holdings, Llc
      Jul 14, 2022 · Control person joined · fact
    • Independence Square Holdings, Llc reported RAUM $991.0M, up 44% from $686.8M (2021-05-06 to 2022-03-31)
      Mar 31, 2022 · RAUM change · derived
    • William Patrick Touey left Independence Square Holdings, Llc for Lpl Financial Llc (registered 2022-03-03)
      Mar 7, 2022 · Advisor changed firm · fact
    • Independence Square Holdings, Llc reported RAUM $686.8M, up 26% from $543.7M (2020-12-17 to 2021-03-23)
      Mar 23, 2021 · RAUM change · derived
    • L Valerie Speare (Chief Compliance Officer) appeared on Schedule A of Independence Square Holdings, Llc
      Mar 23, 2021 · Control person joined · fact
    • Scott Zachary Mineur (Chief Investment Officer) appeared on Schedule A of Independence Square Holdings, Llc
      Jan 28, 2020 · Control person joined · fact
    • Independence Square Holdings, Llc filed its initial SEC registration (Form ADV)
      May 7, 2019 · 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
    610-520-1500reportedpublished by the firm, firm site, Sep 15, 2026
    Firm profile
    linkedin.com/company/independence-square-riareportedpublic record, Form ADV, Sep 17, 2026
    Website
    indsquare.comreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    610-520-1500reportedpublic record, Form ADV, Mar 6, 2026
    Team page
    indsquare.com/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
    $44.7Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026