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
D•••••• • C•••••• A•• A•••••••••
Legal name D•••••• • C•••••• L••
Latest filing Sep 4, 2026
First filing on the tape Jul 23, 2019 · 20 filings
SEC status approved since Aug 26, 2019
RAUM
$781M
reported, Item 5.F
Discretionary
94%
of RAUM
Private clients
62%
$482M individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$86.8M
derived; firm RAUM over IAPD count
Employees
18
9 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$781M as of Mar 24, 2026
Mar 10, 2020$268M then
HNW client RAUM$298M as of Mar 24, 2026
Mar 10, 2020$171M then
State-registered IARs (5.B.3)9 as of Mar 24, 2026
Mar 10, 20204 then
Employees (5.A)18 as of Mar 24, 2026
Mar 10, 20207 then
Private funds: no history
RAUM +11% over the last fiscal year+21% a year over threeIARs 2 to 9
Practice profile
derived from the filing of Sep 4, 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
- 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
- $86.8MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 96derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.9MderivedHNW RAUM over HNW clients
- Average account
- $380,977derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 94%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 4.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +11%derivedbetween the last two annual amendments
- Advisor growth, one year
- +350%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +20%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
- Custody
- $200M, 795 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
- 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
- Corporations and businesses$300M38%
- High-net-worth individuals$298M38%
- Individuals$183M23%
- Individual clients
- 709reported
- HNW clients
- 154reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 2,051reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $200M for 795 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.62 fund_share=0.0 institutional_share=0.0 related_bd= related_bank= bd_reps=2.0derived
Advisors registered through the firm
9 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| K••• W•••• D•••••• | Novi, Mi | Sep 4, 2019 | 32 y | 1 |
| A••••• S•••••• C•••••• | Novi, Mi | Sep 4, 2019 | 27 y | 1 |
| T•••• D••••••• C••••• | Novi, Mi | Jul 23, 2020 | 13 y | 3 |
| A••••• A•••••• J•••• | Novi, Mi | May 16, 2024 | 25 y | 3 |
| J•••• H••• | Novi, Mi | Jul 8, 2025 | 13 y | 0 |
| W•••• P• S•••••• | Novi, Mi | Sep 30, 2025 | 19 y | 6 |
| A••• J•••• B•••••••Chartered Financial Consultant | Novi, Mi | Nov 19, 2025 | 11 y | 0 |
| A•• M•••• S•••••Certified Financial Planner | Novi, Mi | Nov 19, 2025 | 26 y | 1 |
| S••••• A•••• F•••••••• | Novi, Mi | Nov 19, 2025 | 10 y | 0 |
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- J•••• M••••••••• Q•••• to C•••••••• F•••••••• W•••••••• L••Feb 20, 2020 · RIA to a state-registered adviser
Joined, latest
- A•• M•••• S••••• from N••• F•••••••• G••••• I•••Nov 19, 2025 · Affiliated broker-dealer or bank to independent RIA
- W•••• P• S•••••• from N••• F•••••••• G••••• I•••Sep 30, 2025 · Affiliated broker-dealer or bank to independent RIA
- A••••• A•••••• J•••• from N••• F•••••••• G••••• I•••May 16, 2024 · Affiliated broker-dealer or bank to independent RIA
- T•••• D••••••• C••••• from A• W••••• M••••••••• L••Jul 23, 2020 · RIA to RIA
- J•••• M••••••••• Q•••• from N••• F•••••••• G••••• I•••Sep 4, 2019 · Affiliated broker-dealer or bank to a newly registered adviser
- K••• W•••• D•••••• from N••• F•••••••• G••••• I•••Sep 4, 2019 · Other
- A••••• S•••••• C•••••• from N••• F•••••••• G••••• I•••Sep 4, 2019 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 5 joined from N••• F•••••••• G••••• I•••Mar 31, 2025 · Novi, Mi
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- C••••••• A•••••• S•••••• · Managing Partnercontrolsince 03/2019 · owns 50% to 75%
- D••••••• K•••• W•••• · Chief Executive Officercontrolsince 03/2019 · owns 50% to 75%
- A••••••••• A•••• J••• · Chief Compliance Officersince 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 |
|---|---|---|---|---|---|
| Novi, Mi · principal | 9 | 4 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Troy, MI3 employees
What changed
consecutive filings, newest first
- Financial planning clients · 51-100 to 51-100Mar 24, 2026 to Sep 4, 2026
- Related adviser · false to unsetMar 24, 2026 to Sep 4, 2026
- Related bank · false to unsetMar 24, 2026 to Sep 4, 2026
- Related broker-dealer · false to unsetMar 24, 2026 to Sep 4, 2026
- Related insurance company · false to unsetMar 24, 2026 to Sep 4, 2026
- Succession · false to unsetMar 24, 2026 to Sep 4, 2026
- Accounts · 1,737 to 2,051Feb 19, 2026 to Mar 24, 2026
- Advisory employees · 4 to 9Feb 19, 2026 to Mar 24, 2026
- BD registered reps · 4 to 2Feb 19, 2026 to Mar 24, 2026
- Corporate clients · 15 to 21Feb 19, 2026 to Mar 24, 2026
- HNW clients · 123 to 154Feb 19, 2026 to Mar 24, 2026
- Individual clients · 595 to 709Feb 19, 2026 to Mar 24, 2026
- Assets in custody · $170M to $200MFeb 19, 2026 to Mar 24, 2026
- Employees · 13 to 18Feb 19, 2026 to Mar 24, 2026
- Financial planning clients · 26-50 to 51-100Feb 19, 2026 to Mar 24, 2026
- State-registered IARs · 2 to 9Feb 19, 2026 to Mar 24, 2026
- Discretionary RAUM · $597M to $733MFeb 19, 2026 to Mar 24, 2026
- HNW RAUM · $230M to $298MFeb 19, 2026 to Mar 24, 2026
- Individual RAUM · $163M to $183MFeb 19, 2026 to Mar 24, 2026
- Non-discretionary RAUM · $110M to $48.3MFeb 19, 2026 to Mar 24, 2026
- RAUM · $707M to $781MFeb 19, 2026 to Mar 24, 2026
- Accounts · 1,301 to 1,737Feb 5, 2025 to Apr 14, 2025
- Advisory employees · 3 to 4Feb 5, 2025 to Apr 14, 2025
- Corporate clients · 12 to 15Feb 5, 2025 to Apr 14, 2025
- HNW clients · 74 to 123Feb 5, 2025 to Apr 14, 2025
- Individual clients · 458 to 595Feb 5, 2025 to Apr 14, 2025
- Assets in custody · $123M to $170MFeb 5, 2025 to Apr 14, 2025
- Employees · 11 to 13Feb 5, 2025 to Apr 14, 2025
- Financial planning clients · 26-50 to 26-50Feb 5, 2025 to Apr 14, 2025
- State-registered IARs · 3 to 2Feb 5, 2025 to Apr 14, 2025
- Discretionary RAUM · $454M to $597MFeb 5, 2025 to Apr 14, 2025
- HNW RAUM · $149M to $230MFeb 5, 2025 to Apr 14, 2025
- Individual RAUM · $137M to $163MFeb 5, 2025 to Apr 14, 2025
- Non-discretionary RAUM · $81.6M to $110MFeb 5, 2025 to Apr 14, 2025
- RAUM · $535M to $707MFeb 5, 2025 to Apr 14, 2025
- Accounts · 1,215 to 1,301Mar 22, 2023 to Mar 14, 2024
- HNW clients · 77 to 74Mar 22, 2023 to Mar 14, 2024
- Individual clients · 425 to 458Mar 22, 2023 to Mar 14, 2024
- Assets in custody · $108M to $123MMar 22, 2023 to Mar 14, 2024
- Employees · 10 to 11Mar 22, 2023 to Mar 14, 2024
Signals
4 dated events
- D•••••• • C•••••• A•• A••••••••• reported RAUM $707.1M, up 32% from $535.1M (2025-02-05 to 2025-04-14)Apr 14, 2025 · RAUM change · derived
- 5 advisors left N••• F•••••••• G••••• I••• (Novi, MI) for D•••••• • C•••••• A•• A••••••••• on the same dayMar 31, 2025 · Team lift-out · derived
- D•••••• • C•••••• A•• A••••••••• reported RAUM $377.9M, up 41% from $268.4M (2020-11-02 to 2021-03-23)Mar 23, 2021 · RAUM change · derived
- D•••••• • C•••••• filed its initial SEC registration (Form ADV)Jul 23, 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 email
- b•••••••••@d••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- b•••••••••@d••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- c•••••••••@d••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- c•••••••••@d••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- k•••••••••@d••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- m•••••••••@d••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- n•••••••••@d••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 248-348-0100reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 248-348-0111reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 888-909-4015reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/dahring-cusmano-and-associatesreportedpublic record, Form ADV, Sep 18, 2026
- Website
- d••••••.comreportedpublic record, Form ADV, Sep 18, 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
- $86.8Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026