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
B•••••• F•••••••• A•••••••• L••
Latest filing Mar 17, 2026
First filing on the tape Jun 21, 2019 · 33 filings
SEC status approved since Aug 13, 2019
RAUM
$343M
reported, Item 5.F
Discretionary
38%
of RAUM
Private clients
95%
$325M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$57.1M
derived; firm RAUM over IAPD count
Employees
5
5 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$343M as of Mar 17, 2026
Mar 16, 2020$97.9M then
HNW client RAUM$208M as of Mar 17, 2026
Mar 16, 2020$56.7M then
State-registered IARs (5.B.3)5 as of Mar 17, 2026
Mar 16, 20204 then
Employees (5.A)5 as of Mar 17, 2026
Mar 16, 20204 then
Private funds: no history
RAUM +24% over the last fiscal year+20% a year over threeIARs 6 to 5
Practice profile
derived from the filing of Mar 17, 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
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $57.1MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 100derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.7MderivedHNW RAUM over HNW clients
- Average account
- $217,831derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 38%derivedof RAUM
- Institutional
- 5.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.8derivedItem 5.A over advisors
- Advisors per office
- 2.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +24%derivedbetween the last two annual amendments
- Advisor growth, one year
- -17%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +7.7%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 advisersreportedItem 5.G
- Wrap fee program
- $166MreportedItem 5.I
- Custody
- $224M, 406 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$208M61%
- Individuals$117M34%
- Pension and profit-sharing plans$17.9M5.2%
- Corporations and businesses$130,8780.0%
- Individual clients
- 482reported
- HNW clients
- 120reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,573reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $224M for 406 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
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| J••••• D•••• B••••Certified Financial Planner | West Chester, Pa | Aug 13, 2019 | 16 y | 2 |
| D••••• P•••••• M•••••Certified Financial Planner | West Chester, Pa | Aug 13, 2019 | 31 y | 2 |
| D••••• E••••Certified Financial Planner | West Chester, Pa | Mar 10, 2020 | 11 y | 0 |
| K•••• C••• W••••Certified Financial Planner | Annapolis, Md | Nov 25, 2020 | 24 y | 1 |
| M••• A•••• M••Certified Financial Planner | West Chester, Pa | Jul 19, 2023 | 13 y | 0 |
| J••• D••••• B•••••• | West Chester, Pa | Jun 5, 2026 | 11 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
- K•••• C••• W•••• from A••••• C•••••• M••••••••• L••Nov 25, 2020 · Other
- D••••• P•••••• M••••• from A••••••••• F•••••••• S•••••••• L••Aug 13, 2019 · Affiliated broker-dealer or bank to a newly registered adviser
- J••••• D•••• B•••• from A••••••••• F•••••••• S•••••••• L••Aug 13, 2019 · Affiliated broker-dealer or bank to a newly registered adviser
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B••••• J•••••• D•••• · Managing Member & Chief Compliance Officercontrolsince 07/2019 · owns 25% to 50%
- M• H•••• D•••••• P•••••• · Managing Membercontrolsince 07/2019 · owns 50% to 75%
Related persons
Schedule D 7.A
- B•••••• • A••••••••• L••insurancen
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| West Chester, Pa · principal | 5 | 1 | 0 | ||
| Georgetown, De | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Annapolis, MD2 employees
- Georgetown, DE2 employees
What changed
consecutive filings, newest first
- Accounts · 1,378 to 1,573Mar 14, 2025 to Mar 17, 2026
- Advisory employees · 6 to 5Mar 14, 2025 to Mar 17, 2026
- Advisory activities · 4 to 5Mar 14, 2025 to Mar 17, 2026
- Corporate clients · unset to 5.0Mar 14, 2025 to Mar 17, 2026
- HNW clients · 92 to 120Mar 14, 2025 to Mar 17, 2026
- Individual clients · 467 to 482Mar 14, 2025 to Mar 17, 2026
- Pension plan clients · 5.0 to unsetMar 14, 2025 to Mar 17, 2026
- Assets in custody · $174M to $224MMar 14, 2025 to Mar 17, 2026
- Employees · 6 to 5Mar 14, 2025 to Mar 17, 2026
- State-registered IARs · 6 to 5Mar 14, 2025 to Mar 17, 2026
- Discretionary RAUM · $98.1M to $129MMar 14, 2025 to Mar 17, 2026
- HNW RAUM · $143M to $208MMar 14, 2025 to Mar 17, 2026
- Individual RAUM · $117M to $117MMar 14, 2025 to Mar 17, 2026
- Non-discretionary RAUM · $178M to $214MMar 14, 2025 to Mar 17, 2026
- Pension RAUM · $16.4M to $17.9MMar 14, 2025 to Mar 17, 2026
- RAUM · $276M to $343MMar 14, 2025 to Mar 17, 2026
- Accounts · 1,343 to 1,378Feb 28, 2024 to Mar 14, 2025
- HNW clients · 125 to 92Feb 28, 2024 to Mar 14, 2025
- Individual clients · 423 to 467Feb 28, 2024 to Mar 14, 2025
- Assets in custody · $154M to $174MFeb 28, 2024 to Mar 14, 2025
- Financial planning clients · 1-10 to 1-10Feb 28, 2024 to Mar 14, 2025
- Discretionary RAUM · $87.9M to $98.1MFeb 28, 2024 to Mar 14, 2025
- HNW RAUM · $155M to $143MFeb 28, 2024 to Mar 14, 2025
- Individual RAUM · $77.4M to $117MFeb 28, 2024 to Mar 14, 2025
- Non-discretionary RAUM · $159M to $178MFeb 28, 2024 to Mar 14, 2025
- Pension RAUM · $14.8M to $16.4MFeb 28, 2024 to Mar 14, 2025
- RAUM · $247M to $276MFeb 28, 2024 to Mar 14, 2025
- Accounts · 1,251 to 1,343Nov 8, 2023 to Feb 28, 2024
- Advisory employees · 5 to 6Nov 8, 2023 to Feb 28, 2024
- HNW clients · 99 to 125Nov 8, 2023 to Feb 28, 2024
- Individual clients · 421 to 423Nov 8, 2023 to Feb 28, 2024
- Assets in custody · $132M to $154MNov 8, 2023 to Feb 28, 2024
- Employees · 7 to 6Nov 8, 2023 to Feb 28, 2024
- State-registered IARs · 5 to 6Nov 8, 2023 to Feb 28, 2024
- Discretionary RAUM · $74.5M to $87.9MNov 8, 2023 to Feb 28, 2024
- HNW RAUM · $113M to $155MNov 8, 2023 to Feb 28, 2024
- Individual RAUM · $76.7M to $77.4MNov 8, 2023 to Feb 28, 2024
- Non-discretionary RAUM · $126M to $159MNov 8, 2023 to Feb 28, 2024
- Pension RAUM · $11.5M to $14.8MNov 8, 2023 to Feb 28, 2024
- RAUM · $201M to $247MNov 8, 2023 to Feb 28, 2024
Signals
3 dated events
- B•••••• F•••••••• A•••••••• L•• reported RAUM $233.9M, up 93% from $121.1M (2021-09-27 to 2022-03-08)Mar 8, 2022 · RAUM change · derived
- B•••••• F•••••••• A••••••• filed its initial SEC registration (Form ADV)Jul 12, 2019 · First SEC registration · fact
- John William Miller (Managing Member & Chief Compliance Officer) no longer on Schedule A of B•••••• F•••••••• A•••••••• L•• (listed 2019-06-21, absent 2019-07-12)Jul 12, 2019 · Control person left · inference
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
- 410-507-6556reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 443-603-0201reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- linkedin.com/company/ballast-financial-advisorsreportedpublic record, Form ADV, Sep 19, 2026
- Firm profile
- linkedin.com/company/anchor-capital-management-llcreportedpublic record, Form ADV, Sep 19, 2026
- Website
- a••••••••.netreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 484-266-7281reportedpublic record, Form ADV, Mar 17, 2026
- Contact form
- a••••••••.netreportedpublished by the firm, firm site, Sep 17, 2026
- Team page
- a••••••••.netreportedpublished by the firm, firm site, Sep 17, 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
- $57.1Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026