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
Markle Financial LLC
Latest filing Jun 23, 2026
First filing on the tape Apr 24, 2019 · 27 filings
SEC status approved since May 24, 2019
RAUM
$141M
reported, Item 5.F
Discretionary
95%
of RAUM
Private clients
95%
$135M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$47.1M
derived; firm RAUM over IAPD count
Employees
7
5 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
1
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$141M as of Jun 23, 2026
Jun 25, 2020$109M then
HNW client RAUM$80.7M as of Jun 23, 2026
Jun 25, 2020$38.0M then
State-registered IARs (5.B.3)4 as of Jun 23, 2026
Jun 25, 20205 then
Employees (5.A)7 as of Jun 23, 2026
Jun 25, 20206 then
Private funds1 as of Jun 23, 2026
Mar 26, 20241 then
RAUM +16% over the last fiscal year-0.3% a year over threeIARs 4 to 4offices 1 to 2
Practice profile
derived from the filing of Jun 23, 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
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $47.1MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 86derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.7MderivedHNW RAUM over HNW clients
- Average account
- $229,241derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 95%derivedof RAUM
- Institutional
- 4.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 1.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +16%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -3.0%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- Custody
- $100,000, 1 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
- High-net-worth individuals$80.7M57%
- Individuals$54.1M38%
- Pension and profit-sharing plans$6.4M4.5%
- Pooled investment vehicles$100,0000.1%
- Individual clients
- 210reported
- HNW clients
- 47reported
- Pension plan clients
- 7reported
- Charitable clients
- n/areported
- Accounts
- 616reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $100,000 for 1 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.95 fund_share=0.0 institutional_share=0.05 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 |
|---|---|---|---|---|
| Shannon Michael Markle | Laramie, Wy | Jun 28, 2019 | 26 y | 2 |
| Robert Wesley Teague | Laramie, Wy | May 6, 2024 | 26 y | 4 |
| Joseph Schwartz | Fort Collins, Co | Oct 11, 2024 | 12 y | 0 |
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
- Richard Matthew Rowley to Rowley FinancialAug 31, 2023 · RIA to a state-registered adviser
- Wendy Hostetter Rowley to Rowley FinancialAug 31, 2023 · RIA to a state-registered adviser
- Leslie Marie Johnson to Charles Schwab & Co., Inc.Aug 31, 2020 · RIA to affiliated broker-dealer or bank
Joined, latest
- Robert Wesley Teague from Cambridge Investment Research Advisors, Inc.May 6, 2024 · Affiliated broker-dealer or bank to independent RIA
- Richard Matthew Rowley from Cambridge Investment Research Advisors, Inc.Jul 1, 2019 · Affiliated broker-dealer or bank to a newly registered adviser
- Wendy Hostetter Rowley from Cambridge Investment Research Advisors, Inc.Jul 1, 2019 · Affiliated broker-dealer or bank to a newly registered adviser
- Shannon Michael Markle from Cambridge Investment Research Advisors, Inc.Jun 28, 2019 · Affiliated broker-dealer or bank to a newly registered adviser
- Leslie Marie Johnson from Cambridge Investment Research Advisors, Inc.Jun 17, 2019 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Cambridge Investment Research Advisors, Inc.Jul 11, 2019 · Lancaster, Pa
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Vetera LLC | Venture Capital Fund | $0 | 0 | Mar 26, 2024 |
Owners and control persons
Schedule A and B, latest filing
- Michael Shannon Markle · Managing Membercontrolsince 05/2015 · owns 75% or more
- Wesley Robert Teague · Partnercontrolsince 07/2024 · owns 10% to 25%
- Monique Schulman · Chief Compliance Officersince 05/2021 · 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 |
|---|---|---|---|---|---|
| Laramie, Wy · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Lancaster, PA1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- account count surgeChange between filings · filing Mar 30, 2026accounts (Item 5.F.2.f) moved from 324.0 to 616.0 (+90.0%) between the annual amendments of 2025-03-27 and 2026-03-30; the peer median change was +5.0% (3687 comparable advisers, 97.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,687) · 97% percentile
What changed
consecutive filings, newest first
- Other offices · 1 to 2May 22, 2026 to Jun 23, 2026
- Accounts · 324 to 616Jun 5, 2025 to Mar 30, 2026
- Advisory employees · 4 to 5Jun 5, 2025 to Mar 30, 2026
- HNW clients · 38 to 47Jun 5, 2025 to Mar 30, 2026
- Individual clients · 227 to 210Jun 5, 2025 to Mar 30, 2026
- Pension plan clients · 6 to 7Jun 5, 2025 to Mar 30, 2026
- Assets in custody · $400,000 to $100,000Jun 5, 2025 to Mar 30, 2026
- Employees · 6 to 7Jun 5, 2025 to Mar 30, 2026
- Discretionary RAUM · $117M to $135MJun 5, 2025 to Mar 30, 2026
- HNW RAUM · $58.5M to $80.7MJun 5, 2025 to Mar 30, 2026
- Individual RAUM · $57.8M to $54.1MJun 5, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $4.9M to $6.4MJun 5, 2025 to Mar 30, 2026
- Pension RAUM · $4.9M to $6.4MJun 5, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $400,000 to $100,000Jun 5, 2025 to Mar 30, 2026
- RAUM · $122M to $141MJun 5, 2025 to Mar 30, 2026
- Financial planning clients · 1-10 to 1-10Mar 27, 2025 to Jun 5, 2025
- Accounts · 505 to 324Oct 14, 2024 to Mar 27, 2025
- Advisory employees · 2 to 4Oct 14, 2024 to Mar 27, 2025
- HNW clients · 32 to 38Oct 14, 2024 to Mar 27, 2025
- Individual clients · 143 to 227Oct 14, 2024 to Mar 27, 2025
- Pension plan clients · 5 to 6Oct 14, 2024 to Mar 27, 2025
- Assets in custody · $0 to $400,000Oct 14, 2024 to Mar 27, 2025
- Custody of client assets · false to trueOct 14, 2024 to Mar 27, 2025
- Employees · 4 to 6Oct 14, 2024 to Mar 27, 2025
- State-registered IARs · 2 to 4Oct 14, 2024 to Mar 27, 2025
- Discretionary RAUM · $91.8M to $117MOct 14, 2024 to Mar 27, 2025
- HNW RAUM · $42.5M to $58.5MOct 14, 2024 to Mar 27, 2025
- Individual RAUM · $49.3M to $57.8MOct 14, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $5.5M to $4.9MOct 14, 2024 to Mar 27, 2025
- Pension RAUM · $5.5M to $4.9MOct 14, 2024 to Mar 27, 2025
- Pooled vehicle RAUM · $0 to $400,000Oct 14, 2024 to Mar 27, 2025
- RAUM · $97.3M to $122MOct 14, 2024 to Mar 27, 2025
- Other offices · 0 to 1Mar 26, 2024 to May 9, 2024
- Accounts · 874 to 505Sep 15, 2023 to Mar 26, 2024
- Advisory activities · 3 to 4Sep 15, 2023 to Mar 26, 2024
- HNW clients · 33 to 32Sep 15, 2023 to Mar 26, 2024
- Individual clients · 279 to 143Sep 15, 2023 to Mar 26, 2024
- Pension plan clients · 8 to 5Sep 15, 2023 to Mar 26, 2024
- Pooled vehicle clients · unset to 1.0Sep 15, 2023 to Mar 26, 2024
- Assets in custody · unset to 0.0Sep 15, 2023 to Mar 26, 2024
Signals
5 dated events
- Wesley Robert Teague (Partner) appeared on Schedule A of Markle Financial LlcAug 20, 2024 · Control person joined · fact
- Richard Matthew Rowley left Markle Financial Llc for Rowley Financial (registered 2023-07-13)Aug 31, 2023 · Advisor changed firm · fact
- Wendy Hostetter Rowley left Markle Financial Llc for Rowley Financial (registered 2023-07-13)Aug 31, 2023 · Advisor changed firm · fact
- Marie Leslie Johnson (Member & Chief Compliance Officer) no longer on Schedule A of Markle Financial Llc (listed 2020-06-25, absent 2020-11-09)Nov 9, 2020 · Control person left · inference
- Markle Financial Llc filed its initial SEC registration (Form ADV)Apr 24, 2019 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Markle Financial LLC · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Business phone
- 307-721-1725reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- marklefinancial.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (307) 721-1725reportedpublic record, Form ADV, Jun 23, 2026
- Contact form
- marklefinancial.com/contact-usreportedpublished by the firm, firm site, Sep 16, 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
- $47.1Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026