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
Montchanin Asset Management, LLC
Latest filing Mar 31, 2026
First filing on the tape Mar 31, 2022 · 6 filings
SEC status approved since May 2, 2022
RAUM
$121M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$121M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$60.4M
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
6 filings and snapshots on the tape
RAUM$121M as of Mar 31, 2026
Mar 31, 2023$93.8M then
HNW client RAUM$111M as of Mar 31, 2026
Mar 31, 2023$84.1M then
State-registered IARs (5.B.3)2 as of Mar 31, 2026
Mar 31, 20232 then
Employees (5.A)2 as of Mar 31, 2026
Mar 31, 20232 then
Private funds: no history
RAUM +7.3% over the last fiscal year+8.8% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $60.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 30derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.5MderivedHNW RAUM over HNW clients
- Average account
- $1.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +7.3%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -6.3%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individualsreportedItem 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
- 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)
- 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$111M92%
- Individuals$10.2M8.4%
- Individual clients
- 28reported
- HNW clients
- 32reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 100reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Douglas Carpenter Mccoy | Montchanin, De | Jun 27, 2019 | 25 y | 2 |
| Douglas Carpenter Mccoy | Montchanin, De | Feb 28, 2026 | 10 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
none on the tape
Joined, latest
- Douglas Carpenter Mccoy from Bell Rock Capital, LLCJun 27, 2019 · RIA to RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Kirkus William Dugdale · Chief Investment Officer/Managing Partnercontrolsince 05/2019 · owns 50% to 75%
- Carpenter Douglas Mccoy · Chief Compliance Officer/Managing Partnercontrolsince 05/2019 · owns 50% to 75%
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 |
|---|---|---|---|---|---|
| Montchanin, De · principal | 2 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 98 to 100Nov 4, 2025 to Mar 31, 2026
- Advisory employees · 1 to 2Nov 4, 2025 to Mar 31, 2026
- HNW clients · 33 to 32Nov 4, 2025 to Mar 31, 2026
- Individual clients · 31 to 28Nov 4, 2025 to Mar 31, 2026
- Employees · 1 to 2Nov 4, 2025 to Mar 31, 2026
- State-registered IARs · 1 to 2Nov 4, 2025 to Mar 31, 2026
- Discretionary RAUM · $113M to $121MNov 4, 2025 to Mar 31, 2026
- HNW RAUM · $102M to $111MNov 4, 2025 to Mar 31, 2026
- Individual RAUM · $10.6M to $10.2MNov 4, 2025 to Mar 31, 2026
- RAUM · $113M to $121MNov 4, 2025 to Mar 31, 2026
- Advisory employees · 2 to 1Apr 3, 2025 to Nov 4, 2025
- Employees · 2 to 1Apr 3, 2025 to Nov 4, 2025
- Financial planning clients · 0 to 0Apr 3, 2025 to Nov 4, 2025
- State-registered IARs · 2 to 1Apr 3, 2025 to Nov 4, 2025
- Accounts · 104 to 98Mar 29, 2024 to Apr 3, 2025
- HNW clients · 34 to 33Mar 29, 2024 to Apr 3, 2025
- Discretionary RAUM · $108M to $113MMar 29, 2024 to Apr 3, 2025
- HNW RAUM · $97.5M to $102MMar 29, 2024 to Apr 3, 2025
- Individual RAUM · $10.1M to $10.6MMar 29, 2024 to Apr 3, 2025
- RAUM · $108M to $113MMar 29, 2024 to Apr 3, 2025
- Accounts · 101 to 104Mar 31, 2023 to Mar 29, 2024
- HNW clients · 26 to 34Mar 31, 2023 to Mar 29, 2024
- Individual clients · 40 to 31Mar 31, 2023 to Mar 29, 2024
- Discretionary RAUM · $93.8M to $108MMar 31, 2023 to Mar 29, 2024
- HNW RAUM · $84.1M to $97.5MMar 31, 2023 to Mar 29, 2024
- Individual RAUM · $9.7M to $10.1MMar 31, 2023 to Mar 29, 2024
- RAUM · $93.8M to $108MMar 31, 2023 to Mar 29, 2024
- Accounts · 98 to 101Mar 31, 2022 to Mar 31, 2023
- HNW clients · 20 to 26Mar 31, 2022 to Mar 31, 2023
- Individual clients · 50 to 40Mar 31, 2022 to Mar 31, 2023
- Discretionary RAUM · $111M to $93.8MMar 31, 2022 to Mar 31, 2023
- HNW RAUM · $81.1M to $84.1MMar 31, 2022 to Mar 31, 2023
- Individual RAUM · $29.9M to $9.7MMar 31, 2022 to Mar 31, 2023
- RAUM · $111M to $93.8MMar 31, 2022 to Mar 31, 2023
Signals
1 dated events
- Montchanin Asset Management, Llc filed its initial SEC registration (Form ADV)Mar 31, 2022 · 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
- 302-652-3101reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- montchaninasset.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 302-652-3101reportedpublic record, Form ADV, Mar 31, 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
- $60.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026