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
M•• W••••• M••••••••• L••
Latest filing May 21, 2026
First filing on the tape Jul 12, 2019 · 23 filings
SEC status approved since Aug 12, 2019
RAUM
$234M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
54%
$127M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$77.9M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$234M as of May 21, 2026
Mar 11, 2021$173M then
HNW client RAUM$111M as of May 21, 2026
Mar 11, 2021$76.2M then
State-registered IARs (5.B.3)3 as of May 21, 2026
Mar 16, 20202 then
Employees (5.A)4 as of May 21, 2026
Mar 16, 20202 then
Private funds: no history
RAUM -1.2% over the last fiscal year+0.0% a year over threeIARs 3 to 3
Practice profile
derived from the filing of May 21, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- 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
- RAUM per advisor
- $77.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 45derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.2MderivedHNW RAUM over HNW clients
- Average account
- $1.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 38%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 1.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -1.2%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -27%derived
- Compensation
- percentage of assets, commissionsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Custody
- $48.6M, 33 clientsreportedItem 9.A
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$111M48%
- Insurance companies$77.5M33%
- Corporations and businesses$18.4M7.9%
- Individuals$15.3M6.5%
- Pension and profit-sharing plans$5.4M2.3%
- Charitable organizations$4.3M1.8%
- State and municipal entities$1.5M0.6%
- Individual clients
- 43reported
- HNW clients
- 93reported
- Pension plan clients
- n/areported
- Charitable clients
- 5reported
- Accounts
- 156reported
- Financial planning clients
- reported
- Wrap fee programs
- $0 sponsored, $2.1M managedreported
- Custody of client assets
- $48.6M for 33 clientsreported
- Compensation
- % of AUM, commissionsreported
- Class basis
- private_client_share=0.54 fund_share=0.0 institutional_share=0.38 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•••••• D••••• P••••• | Hinsdale, Il | Aug 12, 2019 | 23 y | 1 |
| D•••• W•••• P••••• | Hinsdale, Il | Aug 22, 2019 | 45 y | 1 |
| D••••• R••••• B•••••••• | Harvey Cedars, Nj | Jan 1, 2026 | 28 y | 6 |
Advisor movement
0 left, 1 joined in 12 months
net +1 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
- D••••• R••••• B•••••••• from O•••• W•••••• I•••Jan 1, 2026 · Affiliated broker-dealer or bank to independent RIA
- D•••• W•••• P••••• from M•• I••••••••• M••••••••• I••Aug 22, 2019 · Other
- M•••••• D••••• P••••• from M•• I••••••••• M••••••••• I••Aug 12, 2019 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from M•• I••••••••• M••••••••• I••Dec 31, 2022 · Hinsdale, Il
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- P•••••• D••••• W•••• · Chief Executive Officercontrolsince 12/2018 · owns less than 5%
- P•••••• M••••••• D••••• · Managing Membercontrolsince 12/2018 · owns 25% to 50%
- P•••••• D••••• W•••• · Trusteecontrolsince 06/2000 · owns 75% or more of D•••• W• P••••• D••••••••• O• T•••• D•••• J••• 1•• 2•••
- S••••••••• G•••• J••••• · Chief Compliance Officersince 07/2019 · owns less than 5%
Entity owners
- D•••• W• P••••• D••••••••• O• T•••• D•••• J••• 1•• 2••• · Trustdirect · owns 50% to 75%
Related persons
Schedule D 7.A
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Hinsdale, Il · principal | 3 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- business activity changedChange between filings · filing May 21, 2026selection of other advisers (Item 5.G.7): no on the filing of 2026-03-20, yes on the filing of 2026-05-21peers: independent wealth managers, $100M to $500M (5,676)
- clients down average size upCombination · filing Mar 20, 2026private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $236,380,931 to $233,597,123, advisors 3 to 3, private clients 187 to 136, offices 1 to 1 (2025-03-28 to 2026-03-20)peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Advisory activities · 2 to 3Mar 20, 2026 to May 21, 2026
- Accounts · 211 to 156Mar 28, 2025 to Mar 20, 2026
- Charity clients · unset to 5.0Mar 28, 2025 to Mar 20, 2026
- Corporate clients · 17 to 6Mar 28, 2025 to Mar 20, 2026
- HNW clients · 131 to 93Mar 28, 2025 to Mar 20, 2026
- Individual clients · 56 to 43Mar 28, 2025 to Mar 20, 2026
- Pension plan clients · 0.0 to unsetMar 28, 2025 to Mar 20, 2026
- Assets in custody · $48.0M to $48.6MMar 28, 2025 to Mar 20, 2026
- Discretionary RAUM · $236M to $234MMar 28, 2025 to Mar 20, 2026
- HNW RAUM · $141M to $111MMar 28, 2025 to Mar 20, 2026
- Individual RAUM · $8.1M to $15.3MMar 28, 2025 to Mar 20, 2026
- Pension RAUM · $0 to $5.4MMar 28, 2025 to Mar 20, 2026
- RAUM · $236M to $234MMar 28, 2025 to Mar 20, 2026
- Wrap assets (manager) · $7.3M to $2.1MMar 28, 2025 to Mar 20, 2026
- Accounts · 175 to 211Jan 29, 2025 to Mar 28, 2025
- Advisory employees · 2 to 3Jan 29, 2025 to Mar 28, 2025
- Corporate clients · 20 to 17Jan 29, 2025 to Mar 28, 2025
- HNW clients · 137 to 131Jan 29, 2025 to Mar 28, 2025
- Individual clients · 6 to 56Jan 29, 2025 to Mar 28, 2025
- Commission compensation · false to trueJan 29, 2025 to Mar 28, 2025
- Assets in custody · $38.3M to $48.0MJan 29, 2025 to Mar 28, 2025
- Employees · 3 to 4Jan 29, 2025 to Mar 28, 2025
- Financial planning clients · unset to Jan 29, 2025 to Mar 28, 2025
- State-registered IARs · 2 to 3Jan 29, 2025 to Mar 28, 2025
- Other offices · 0 to 1Jan 29, 2025 to Mar 28, 2025
- Discretionary RAUM · $247M to $236MJan 29, 2025 to Mar 28, 2025
- HNW RAUM · $143M to $141MJan 29, 2025 to Mar 28, 2025
- Individual RAUM · $524,694 to $8.1MJan 29, 2025 to Mar 28, 2025
- RAUM · $247M to $236MJan 29, 2025 to Mar 28, 2025
- Wrap assets (manager) · $40.4M to $7.3MJan 29, 2025 to Mar 28, 2025
- Accounts · 167 to 175Jan 4, 2024 to Mar 4, 2024
- Corporate clients · 19 to 20Jan 4, 2024 to Mar 4, 2024
- HNW clients · 123 to 137Jan 4, 2024 to Mar 4, 2024
- Individual clients · 9 to 6Jan 4, 2024 to Mar 4, 2024
- Assets in custody · $34.4M to $38.3MJan 4, 2024 to Mar 4, 2024
- Discretionary RAUM · $233M to $247MJan 4, 2024 to Mar 4, 2024
- HNW RAUM · $134M to $143MJan 4, 2024 to Mar 4, 2024
- Individual RAUM · $718,805 to $524,694Jan 4, 2024 to Mar 4, 2024
- RAUM · $233M to $247MJan 4, 2024 to Mar 4, 2024
- Wrap assets (manager) · $42.8M to $40.4MJan 4, 2024 to Mar 4, 2024
Signals
2 dated events
- 2 advisors left M•• I••••••••• M••••••••• I•• (Hinsdale, IL) for M•• W••••• M••••••••• L•• on the same dayDec 31, 2022 · Team lift-out · derived
- M•• W••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Jul 12, 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
- Principal office phone
- 630-325-6900reportedpublic record, Form ADV, May 21, 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
- $77.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026