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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Former SEC-registered adviser

D•• W••••• A•••••••• L••

Former SEC-registered adviserGreensboro, North CarolinaCRD 301042SEC 801-115247IAPD
Latest filing Apr 7, 2021
First filing on the tape Apr 8, 2019 · 20 filings
RAUM
$529M
reported, Item 5.F
Discretionary
66%
of RAUM
Private clients
67%
$353M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
15
13 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$529M as of Dec 4, 2020
Jan 8, 2020$484M then
HNW client RAUM$318M as of Dec 4, 2020
Jan 8, 2020$302M then
State-registered IARs (5.B.3)13 as of Dec 4, 2020
Jan 8, 202014 then
Employees (5.A)17 as of Dec 4, 2020
Jan 8, 202017 then
Private funds: no history
RAUM +9.3% over the last fiscal yearIARs 14 to 13offices 2 to 3
Practice profile
derived from the filing of Apr 7, 2021; every figure names its basis
RAUM per advisor
$40.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
16derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.7MderivedHNW RAUM over HNW clients
Average account
$2.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
66%derivedof RAUM
Institutional
32%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.2derivedItem 5.A over advisors
Advisors per office
3.3derived4 offices incl. principal (1.F.5)
RAUM growth, one year
+9.3%derivedbetween the last two annual amendments
Advisor growth, one year
-7.1%derivedItem 5.B.3 between annual amendments
Client growth, one year
+5.7%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 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
  • 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$318M60%
  • Pension and profit-sharing plans$168M32%
  • Individuals$35.0M6.6%
  • Corporations and businesses$8.0M1.5%
Individual clients
88reported
HNW clients
116reported
Pension plan clients
28reported
Charitable clients
0reported
Accounts
241reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
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
  • C••••••• C••••••• E•••••• · Managing Member & Chief Compliance Officercontrol
    since 10/2001 · owns 10% to 25%
  • A•••••• S•••••• L•• · Member
    since 11/2005 · owns 10% to 25%
  • G•••••• M••••••• R• · Member
    since 08/1999 · owns 10% to 25%
  • H•••••• R••••• M••••• · Member
    since 11/2004 · owns 10% to 25%
  • H••••• J••••••• W•• J•• · Member
    since 11/2015 · owns less than 5%
  • W••••••• C••••••• L•• · Member
    since 08/1999 · owns 10% to 25%
  • W•••••••• A•••••• M• · Member
    since 08/1999 · owns 10% to 25%
Related persons
Schedule D 7.A
  • D•• • C••• P•••
    insurancen
Offices
Schedule D 1.F, the 25 largest
  • Durham, NC4 employees
  • Sanford, NC4 employees
  • Wilmington, NC
What changed
consecutive filings, newest first
  • Employees · 16 to 15
    Feb 9, 2021 to Mar 30, 2021
  • Employees · 17 to 16
    Dec 4, 2020 to Feb 9, 2021
  • Accounts · 230 to 241
    Nov 4, 2020 to Dec 4, 2020
  • HNW clients · 124 to 116
    Nov 4, 2020 to Dec 4, 2020
  • Individual clients · 69 to 88
    Nov 4, 2020 to Dec 4, 2020
  • Discretionary RAUM · $323M to $351M
    Nov 4, 2020 to Dec 4, 2020
  • HNW RAUM · $302M to $318M
    Nov 4, 2020 to Dec 4, 2020
  • Individual RAUM · $19.7M to $35.0M
    Nov 4, 2020 to Dec 4, 2020
  • Non-discretionary RAUM · $161M to $179M
    Nov 4, 2020 to Dec 4, 2020
  • Pension RAUM · $156M to $168M
    Nov 4, 2020 to Dec 4, 2020
  • RAUM · $484M to $529M
    Nov 4, 2020 to Dec 4, 2020
  • Advisory employees · 14 to 13
    Aug 20, 2020 to Nov 4, 2020
  • Employees · 18 to 17
    Aug 20, 2020 to Nov 4, 2020
  • State-registered IARs · 14 to 13
    Aug 20, 2020 to Nov 4, 2020
  • Advisory employees · 13 to 14
    Jun 2, 2020 to Aug 20, 2020
  • Employees · 17 to 18
    Jun 2, 2020 to Aug 20, 2020
  • State-registered IARs · 13 to 14
    Jun 2, 2020 to Aug 20, 2020
  • Advisory employees · 14 to 13
    May 21, 2020 to Jun 2, 2020
  • State-registered IARs · 14 to 13
    May 21, 2020 to Jun 2, 2020
  • Other offices · 2 to 3
    Jan 8, 2020 to Apr 8, 2020
  • Accounts · 228 to 230
    Dec 12, 2019 to Jan 8, 2020
  • Advisory employees · 13 to 14
    Dec 12, 2019 to Jan 8, 2020
  • Charity clients · unset to 0.0
    Dec 12, 2019 to Jan 8, 2020
  • Corporate clients · 8 to 9
    Dec 12, 2019 to Jan 8, 2020
  • HNW clients · 120 to 124
    Dec 12, 2019 to Jan 8, 2020
  • Individual clients · 73 to 69
    Dec 12, 2019 to Jan 8, 2020
  • Pension plan clients · 27 to 28
    Dec 12, 2019 to Jan 8, 2020
  • Pooled vehicle clients · unset to 0.0
    Dec 12, 2019 to Jan 8, 2020
  • Employees · 19 to 17
    Dec 12, 2019 to Jan 8, 2020
  • State-registered IARs · 13 to 14
    Dec 12, 2019 to Jan 8, 2020
  • Discretionary RAUM · $310M to $323M
    Dec 12, 2019 to Jan 8, 2020
  • HNW RAUM · $288M to $302M
    Dec 12, 2019 to Jan 8, 2020
  • Individual RAUM · $21.5M to $19.7M
    Dec 12, 2019 to Jan 8, 2020
  • Non-discretionary RAUM · $154M to $161M
    Dec 12, 2019 to Jan 8, 2020
  • Pension RAUM · $149M to $156M
    Dec 12, 2019 to Jan 8, 2020
  • Pooled vehicle RAUM · unset to 0.0
    Dec 12, 2019 to Jan 8, 2020
  • RAUM · $464M to $484M
    Dec 12, 2019 to Jan 8, 2020
  • BD registered reps · 2 to 0
    Oct 25, 2019 to Dec 12, 2019
  • Advisory employees · 11 to 13
    Aug 28, 2019 to Oct 25, 2019
  • Employees · 17 to 19
    Aug 28, 2019 to Oct 25, 2019
Signals
1 dated events
  • D•• W••••• A•••••••• L•• filed its initial SEC registration (Form ADV)
    Apr 8, 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.
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
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026