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
F/M Investments LLC
Latest filing Aug 26, 2026
First filing on the tape May 28, 2019 · 39 filings
SEC status approved since Jun 28, 2019
RAUM
$18B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
6.1%
$1.1B individuals and HNW
Advisors
17
registered through the firm on IAPD
RAUM per advisor
$1.0B
derived; firm RAUM over IAPD count
Employees
83
46 advisory (5.B.1)
Offices
8
beyond the principal office
Private funds
0
reported on Schedule D
History
39 filings and snapshots on the tape
RAUM$18B as of Aug 26, 2026
Mar 17, 2020$10.5M then
HNW client RAUM$1000M as of Aug 26, 2026
Mar 17, 2020$0 then
State-registered IARs (5.B.3)22 as of Aug 26, 2026
Mar 17, 20205 then
Employees (5.A)83 as of Aug 26, 2026
Mar 17, 20208 then
Private funds: no history
RAUM +5.0% over the last fiscal year+112% a year over threeIARs 21 to 22offices 10 to 8
Practice profile
derived from the filing of Aug 26, 2026; every figure names its basis
Archetypes, each a printed rule
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $1.0BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 59derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.3MderivedHNW RAUM over HNW clients
- Average account
- $3.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 15%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.9derivedItem 5.A over advisors
- Advisors per office
- 1.9derived9 offices incl. principal (1.F.5)
- RAUM growth, one year
- +5.0%derivedbetween the last two annual amendments
- Advisor growth, one year
- +4.8%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -2.3%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, pension consulting, selection of other advisersreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- 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)
- 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
- Investment companies$8.6B48%
- Corporations and businesses$3.1B17%
- Pension and profit-sharing plans$2.3B13%
- Other investment advisers$1.8B10%
- High-net-worth individuals$1000M5.6%
- Pooled investment vehicles$334M1.9%
- Charitable organizations$255M1.4%
- Banks and thrifts$117M0.7%
- State and municipal entities$112M0.6%
- Individuals$80.5M0.5%
- Individual clients
- 202reported
- HNW clients
- 797reported
- Pension plan clients
- 108reported
- Charitable clients
- 77reported
- Accounts
- 5,780reported
- Financial planning clients
- reported
- Wrap fee programs
- $0 sponsored, $1.5B managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.06 fund_share=0.6 institutional_share=0.15 related_bd=false related_bank=false bd_reps=18.0derived
Advisors registered through the firm
14 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| David Louis Littleton | Washington, Dc | Jan 27, 2020 | 11 y | 1 |
| Francisco Jose Bido | Washington, Dc | Apr 16, 2020 | 13 y | 1 |
| Justin David Hennessy | Norwood, Ma | Aug 25, 2020 | 24 y | 1 |
| Randall Scott Loving | Washington, Dc | Aug 10, 2022 | 11 y | 0 |
| Chong Chol HanChartered Financial Analyst | Washington, Dc | Feb 22, 2023 | 15 y | 1 |
| Gary Alan HurlbutChartered Financial Analyst | Washington, Dc | Apr 2, 2024 | 38 y | 3 |
| Keith Philip WeldonChartered Financial Analyst | Washington, Dc | Apr 2, 2024 | 21 y | 3 |
| Daniel Raymond SkubizChartered Financial Analyst | St. Louis, Mo | Apr 2, 2024 | 21 y | 4 |
| Marcin Zdunek | Washington, Dc | Jan 1, 2025 | 19 y | 1 |
| Barry Philip JulienChartered Financial Analyst | Los Angeles, Ca | Oct 16, 2025 | 21 y | 5 |
| Alexander Robert Morris | Washington, Dc | Jan 1, 2026 | 10 y | 1 |
| Michael J BotteCertified Financial Planner | Washington, Dc | Feb 19, 2026 | 11 y | 2 |
| Elizabeth Bucalo | Boston, Ma | Mar 16, 2026 | 18 y | 2 |
| Kellen Charles Creedon | Boston, Ma | Mar 16, 2026 | 11 y | 2 |
Advisor movement
4 left, 5 joined in 12 months
net +1 in 12 months4 left in 90 days0 joined in 90 daysdeparture rate 24% of current headcount5 left over 36 months
Left, latest
- Joel Dennis Vrabel to F L Putnam Investment Management Co.Sep 2, 2026 · Other
- David James Drzadinski to F L Putnam Investment Management Co.Sep 2, 2026 · Other
- Zachary Steven Newcomer to F L Putnam Investment Management Co.Sep 2, 2026 · Other
- Richard Aaron Burling to F L Putnam Investment Management Co.Sep 2, 2026 · Other
- Vick Khoboyan to Harold Davidson & Associates, IncMar 7, 2024 · Other
- Ashish Jitendra Shah to Oakhurst Capital Advisors, LLCAug 22, 2023 · Other
- Curtiss Tharp to Global Value Investment CorporationApr 20, 2022 · Other
- Sarah Katherine Browne to Foster & Motley IncOct 18, 2021 · Other
- Frederick Cary Lake to Crito Capital LLCJun 15, 2021 · Other
- Peter Paul Baden to Crew Capital Management, Ltd.Jul 16, 2020 · Other
- Rick Bell to Crew Capital Management, Ltd.Jul 16, 2020 · Other
Joined, latest
- Kellen Charles Creedon from Amundi Asset Management US, Inc.Mar 16, 2026 · Other
- Elizabeth Bucalo from Amundi Asset Management US, Inc.Mar 16, 2026 · Other
- Michael J Botte from Amundi Asset Management US, Inc.Feb 19, 2026 · Other
- Alexander Robert Morris from Vestmark Advisory Solutions, Inc.Jan 1, 2026 · Other
- Barry Philip Julien from Oakhurst Capital Advisors, LLCOct 16, 2025 · Other
- Marcin Zdunek from Oakhurst Capital Advisors, LLCJan 1, 2025 · Other
- Vick Khoboyan from Gfp Private WealthMay 22, 2023 · Other
- Chong Chol Han from Oakhurst Capital Advisors, LLCFeb 22, 2023 · Other
- Ashish Jitendra Shah from First Western Capital Management CompanyDec 23, 2020 · RIA to RIA
- Justin David Hennessy from Ross, Sinclaire & Associates, LLCAug 25, 2020 · RIA to RIA
- Adam Victor Croll from Vestmark Advisory Solutions, Inc.Aug 11, 2020 · Other
- Robert Frederick Jung from Cerity Partners Ocio LLCJul 23, 2020 · Other
- Peter Paul Baden from Ross, Sinclaire & Associates, LLCJul 16, 2020 · Other
- Rick Bell from Ross, Sinclaire & Associates, LLCJul 16, 2020 · Other
- Sarah Katherine Browne from Ross, Sinclaire & Associates, LLCJul 16, 2020 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for F L Putnam Investment Management Co.Sep 2, 2026 · Washington, Dc
- 2 left for Crew Capital Management, Ltd.Jul 16, 2020 · Cincinnati, Oh
- 2 joined from Oakhurst Capital Advisors, LLCJul 7, 2026 · Los Angeles, Ca
- 2 joined from Amundi Asset Management US, Inc.Apr 25, 2025 · Boston, Ma
- 4 joined from ZcmMay 15, 2024 · Milwaukee, Wi · Firm absorbed
- 2 joined from Vestmark Advisory Solutions, Inc.Oct 4, 2019 · Wakefield, Ma
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Victor Adam Croll · Director Of Trading And Operationscontrolsince 06/2019 · owns less than 5%
- Timothy Dolan · Chief Financial Officercontrolsince 07/2024 · owns less than 5%
- Kirk Johnson · General Counsel And Chief Operating Officercontrolsince 02/2023 · owns less than 5%
- Louis David Littleton · Presidentcontrolsince 05/2019 · owns less than 5%
- Hope Alison Miller · Chief Compliance Officercontrolsince 11/2024 · owns less than 5%
- Robert Alexander Morris · Chief Executive Officercontrolsince 05/2019 · owns less than 5%
- Albert Charles Brizius · Member/Managercontrolsince 06/2016 · owns F of 1251 Capital Group Holdings, LLC
- Thomas John Hailer · Member/Managercontrolsince 01/2018 · owns 50% to 75% of 1251 Capital Group Holdings, LLC
- James Christopher Maguire · Membercontrolsince 07/2016 · owns F of 1251 Capital Group Holdings, LLC
- Arthur Ross Michael Wilson · Membercontrolsince 07/2016 · owns F of 1251 Capital Group Holdings, LLC
Entity owners
- F/M Managers Group, LLC · Ownerdirect · owns 25% to 50%
- Zcm · Ownerdirect · owns 25% to 50%
- 1251 Capital Group Holdings, LLC · Shareholderindirect · owns F of 1251 Capital Group, Inc
- 1251 Capital Group, Inc · Managing Memberindirect · owns 75% or more of 1251 Financing Company, LLC
- 1251 Financing Company, LLC · Memberindirect · owns 75% or more of F/M Managers Group Payco, LLC
- F/M Managers Group Payco, LLC · Memberindirect · owns 75% or more of F/M Managers Group, LLC
- F/M Managers Group, LLC · Ownerindirect · owns 75% or more of Zcm
Related persons
Schedule D 7.A
- Conservation Resource Partners, LLCinvestment advisernRAUM $822M
- Emerald Advisers, LLCinvestment advisernRAUM $3.3B
- F/M Distributors, LLCbroker-dealern
- Mar Vista Investment Partners, LLCinvestment advisernRAUM $1.1B
- Oakhurst Capital Advisors, LLCinvestment advisernRAUM $5.7M
- Zcminvestment advisernRAUM $6.6B
Advisers that list F/M Investments LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Washington, Dc · principal | 15 | 3 | 2 | 1 | |
| Los Angeles, Ca | 3 | 1 | 0 | ||
| St Louis, Mo | 3 | 0 | 0 | ||
| Boston, Ma | 2 | 2 | 0 | ||
| Cincinnati, Oh | 2 | 0 | 0 | ||
| Milwaukee, Wi | 0 | 0 | 1 | ||
| Porter Ranch, Ca | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Chicago, IL9 employees
- St Louis, MO9 employees
- Milwaukee, WI6 employees
- Los Angeles, CA4 employees
- Boston, MA1 employees
- Lawrence, KS1 employees
- , 1 employees
What changed
consecutive filings, newest first
- Other offices · 9 to 8Mar 31, 2026 to Aug 26, 2026
- Accounts · 4,480 to 5,780Apr 3, 2025 to Mar 31, 2026
- Advisory employees · 38 to 46Apr 3, 2025 to Mar 31, 2026
- BD registered reps · 4 to 18Apr 3, 2025 to Mar 31, 2026
- Charity clients · 71 to 77Apr 3, 2025 to Mar 31, 2026
- Corporate clients · 476 to 497Apr 3, 2025 to Mar 31, 2026
- HNW clients · 852 to 797Apr 3, 2025 to Mar 31, 2026
- Individual clients · 171 to 202Apr 3, 2025 to Mar 31, 2026
- Pooled vehicle clients · 32 to 53Apr 3, 2025 to Mar 31, 2026
- Employees · 70 to 83Apr 3, 2025 to Mar 31, 2026
- State-registered IARs · 21 to 22Apr 3, 2025 to Mar 31, 2026
- Other offices · 10 to 9Apr 3, 2025 to Mar 31, 2026
- Discretionary RAUM · $15B to $18BApr 3, 2025 to Mar 31, 2026
- HNW RAUM · $1.1B to $1000MApr 3, 2025 to Mar 31, 2026
- Individual RAUM · $64.4M to $80.5MApr 3, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $1.6B to $92.2MApr 3, 2025 to Mar 31, 2026
- Pension RAUM · $2.1B to $2.3BApr 3, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $1.6B to $334MApr 3, 2025 to Mar 31, 2026
- RAUM · $17B to $18BApr 3, 2025 to Mar 31, 2026
- Wrap assets (manager) · $1.5B to $1.5BApr 3, 2025 to Mar 31, 2026
- Accounts · 3,530 to 4,480Dec 5, 2024 to Apr 3, 2025
- Advisory employees · 35 to 38Dec 5, 2024 to Apr 3, 2025
- BD registered reps · 0 to 4Dec 5, 2024 to Apr 3, 2025
- Charity clients · 73 to 71Dec 5, 2024 to Apr 3, 2025
- Corporate clients · 529 to 476Dec 5, 2024 to Apr 3, 2025
- HNW clients · 809 to 852Dec 5, 2024 to Apr 3, 2025
- Individual clients · 167 to 171Dec 5, 2024 to Apr 3, 2025
- Pension plan clients · 128 to 108Dec 5, 2024 to Apr 3, 2025
- Pooled vehicle clients · 0 to 32Dec 5, 2024 to Apr 3, 2025
- Employees · 67 to 70Dec 5, 2024 to Apr 3, 2025
- Financial planning clients · unset to Dec 5, 2024 to Apr 3, 2025
- State-registered IARs · 24 to 21Dec 5, 2024 to Apr 3, 2025
- Other offices · 8 to 10Dec 5, 2024 to Apr 3, 2025
- Discretionary RAUM · $13B to $15BDec 5, 2024 to Apr 3, 2025
- HNW RAUM · $958M to $1.1BDec 5, 2024 to Apr 3, 2025
- Individual RAUM · $51.4M to $64.4MDec 5, 2024 to Apr 3, 2025
- Non-discretionary RAUM · $53.6M to $1.6BDec 5, 2024 to Apr 3, 2025
- Pension RAUM · $1.9B to $2.1BDec 5, 2024 to Apr 3, 2025
- Pooled vehicle RAUM · $0 to $1.6BDec 5, 2024 to Apr 3, 2025
- RAUM · $13B to $17BDec 5, 2024 to Apr 3, 2025
Signals
37 dated events
- Zachary Steven Newcomer left F/M Investments Llc for F L Putnam Investment Management Co. (registered 2026-09-01)Sep 2, 2026 · Advisor changed firm · fact
- Richard Aaron Burling left F/M Investments Llc for F L Putnam Investment Management Co. (registered 2026-09-01)Sep 2, 2026 · Advisor changed firm · fact
- David James Drzadinski left F/M Investments Llc for F L Putnam Investment Management Co. (registered 2026-09-01)Sep 2, 2026 · Advisor changed firm · fact
- 2 advisors left F/M Investments LLC (Washington, DC) for F L Putnam Investment Management CO. on the same daySep 2, 2026 · Team lift-out · derived
- Joel Dennis Vrabel left F/M Investments Llc for F L Putnam Investment Management Co. (registered 2026-09-01)Sep 2, 2026 · Advisor changed firm · fact
- 2 advisors left Oakhurst Capital Advisors, LLC (Los Angeles, CA) for F/M Investments LLC on the same dayJul 7, 2026 · Team lift-out · derived
- 2 advisors left Amundi Asset Management US, Inc. (Boston, MA) for F/M Investments LLC on the same dayApr 25, 2025 · Team lift-out · derived
- F/M Investments Llc reported RAUM $16.9B, up 32% from $12.8B (2024-12-05 to 2025-04-03)Apr 3, 2025 · RAUM change · derived
- Elizabeth Hathaway (Controller) no longer on Schedule A of F/M Investments Llc (listed 2024-04-23, absent 2024-12-05)Dec 5, 2024 · Control person left · inference
- Mary Melissa Mooney (Chief Compliance Officer) no longer on Schedule A of F/M Investments Llc (listed 2024-04-23, absent 2024-12-05)Dec 5, 2024 · Control person left · inference
- Hope Alison Miller (Chief Compliance Officer) appeared on Schedule A of F/M Investments LlcDec 5, 2024 · Control person joined · fact
- Timothy Dolan (Chief Financial Officer) appeared on Schedule A of F/M Investments LlcDec 5, 2024 · Control person joined · fact
- Louis David Littleton (President) appeared on Schedule A of F/M Investments LlcDec 5, 2024 · Control person joined · fact
- Zcm's advisors moved to F/M Investments LLC (Milwaukee, WI): 4 of 7 registered, on the same dayMay 15, 2024 · Firm absorbed (people side) · derived
- Kirk Johnson (General Counsel) appeared on Schedule A of F/M Investments LlcApr 23, 2024 · Control person joined · fact
- F/M Investments Llc reported 24 state-registered advisory representatives, up from 13 (2024-03-29 to 2024-04-23)Apr 23, 2024 · Advisor headcount change · derived
- Victor Adam Croll (Director Of Trading And Operations) appeared on Schedule A of F/M Investments LlcApr 23, 2024 · Control person joined · fact
- Louis David Littleton (Chief Executive Officer) no longer on Schedule A of F/M Investments Llc (listed 2024-03-29, absent 2024-04-23)Apr 23, 2024 · Control person left · inference
- F/M Investments Llc reported RAUM $12.8B, up 118% from $5.9B (2024-03-29 to 2024-04-23)Apr 23, 2024 · RAUM change · derived
- F/M Investments Llc reported RAUM $5.9B, up 215% from $1.9B (2024-03-08 to 2024-03-29)Mar 29, 2024 · RAUM change · derived
- Elizabeth Hathaway (Controller) appeared on Schedule A of F/M Investments LlcMar 29, 2024 · Control person joined · fact
- Louis David Littleton (Chief Executive Officer) appeared on Schedule A of F/M Investments LlcMar 29, 2024 · Control person joined · fact
- Vick Khoboyan left F/M Investments Llc for Harold Davidson & Associates, Inc (registered 2024-02-28)Mar 7, 2024 · Advisor changed firm · fact
- Robert Frederick Jung no longer registered at F/M Investments Llc; no later IA registration on IAPDDec 6, 2023 · Advisor departure · fact
- Ashley Matthew Swendiman (Chief Compliance Officer) no longer on Schedule A of F/M Investments Llc (listed 2023-05-16, absent 2023-10-23)Oct 23, 2023 · Control person left · inference
- Mary Melissa Mooney (Chief Compliance Officer) appeared on Schedule A of F/M Investments LlcOct 23, 2023 · Control person joined · fact
- Ashish Jitendra Shah left F/M Investments Llc for Oakhurst Capital Advisors, Llc (registered 2021-01-20)Aug 22, 2023 · Advisor changed firm · fact
- F/M Investments Llc reported RAUM $1.9B, up 29% from $1.4B (2022-07-15 to 2023-03-03)Mar 3, 2023 · RAUM change · derived
- Thomas John Hailer (Member/Manager) appeared on Schedule A of F/M Investments LlcMar 3, 2023 · Control person joined · fact
- James Christopher Maguire (Member) appeared on Schedule A of F/M Investments LlcMar 3, 2023 · Control person joined · 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
- khansen@zcm.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- cvanucci@zcm.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- kcarlson@zcm.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- moneil@zcm.comreportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/f-m-investments-llcreportedpublic record, Form ADV, Sep 17, 2026
- Website
- zcm.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 202-839-4910reportedpublic record, Form ADV, Aug 26, 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
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $1.0Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026