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
Aletheian Wealth Advisors LLC
Latest filing Feb 5, 2026
First filing on the tape Jun 17, 2019 · 40 filings
SEC status approved since May 7, 2021
RAUM
$413M
reported, Item 5.F
Discretionary
88%
of RAUM
Private clients
99%
$409M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$82.5M
derived; firm RAUM over IAPD count
Employees
6
5 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
40 filings and snapshots on the tape
RAUM$413M as of Feb 5, 2026
Jan 23, 2020$18.8M then
HNW client RAUM$392M as of Feb 5, 2026
Jan 23, 2020$17.3M then
State-registered IARs (5.B.3)5 as of Feb 5, 2026
Jan 23, 20204 then
Employees (5.A)6 as of Feb 5, 2026
Jan 23, 20204 then
Private funds: no history
RAUM +22% over the last fiscal year+18% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Feb 5, 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
- RAUM per advisor
- $82.5MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 21derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.7MderivedHNW RAUM over HNW clients
- Average account
- $755,536derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 88%derivedof RAUM
- Institutional
- 0.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 1.7derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +22%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -43%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, 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)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$392M95%
- Individuals$16.6M4.0%
- Charitable organizations$3.8M0.9%
- Individual clients
- 36reported
- HNW clients
- 69reported
- Pension plan clients
- 0reported
- Charitable clients
- 32reported
- Accounts
- 546reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Kevin Andrew ErwertCertified Financial Planner | Bellevue, Wa | Aug 5, 2019 | 19 y | 2 |
| Randy T SiegelCertified Financial Planner | Bellevue, Wa | Aug 9, 2019 | 25 y | 4 |
| Joshua Ray BettsCertified Financial Planner, Chartered Financial Analyst | Bellevue, Wa | Aug 27, 2019 | 19 y | 3 |
| Sylvia Jane Gilmore | Lascassas, Tn | Feb 14, 2020 | 12 y | 0 |
| Steven KleynChartered Financial Analyst | Bellevue, Wa | Nov 23, 2021 | 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 headcount1 left over 36 months
Left, latest
- Scott Douglas Hedgcock to Compound Planning, Inc.Sep 27, 2024 · RIA to RIA
Joined, latest
- Joshua Ray Betts from Cornerstone Advisors IncAug 27, 2019 · RIA to a newly registered adviser
- Randy T Siegel from Cornerstone Advisors IncAug 9, 2019 · RIA to a newly registered adviser
- Kevin Andrew Erwert from Vestory, LLCAug 5, 2019 · RIA to a newly registered adviser
- Scott Douglas Hedgcock from Cornerstone Advisors IncAug 5, 2019 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Ray Joshua Betts · Ceocontrolsince 05/2019 · owns 25% to 50%
- T Randy Siegel · Chief Operating Officer & Chief Compliance Officercontrolsince 05/2019 · owns 25% to 50%
- William Erwert · Ownercontrolsince 05/2019 · owns 50% to 75% of Horseshoe Acres, LLC
- Janine Rutherford · Ownercontrolsince 05/2023 · owns F of Rutherford Marital Trust
- Andrew Kevin Erwert · Ownersince 05/2019 · owns 5% to 10%
Entity owners
- Horseshoe Acres, LLC · Ownerdirect · owns 5% to 10%
- Rutherford Marital Trust · Ownerdirect · owns 5% to 10%
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 |
|---|---|---|---|---|---|
| Bellevue, Wa · principal | 5 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Feb 5, 2026private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $338,290,305 to $412,522,414, advisors 5 to 5, private clients 184 to 105, offices 2 to 2 (2025-01-10 to 2026-02-05)peers: independent wealth managers, $100M to $500M (5,676)
- client count collapseChange between filings · filing Feb 5, 2026individual and HNW clients (Item 5.D) moved from 184.0 to 105.0 (-43.0%) between the annual amendments of 2025-01-10 and 2026-02-05; the peer median change was +3.0% (3309 comparable advisers, 2.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,309) · 2.3% percentile
What changed
consecutive filings, newest first
- Accounts · 519 to 546Oct 27, 2025 to Feb 5, 2026
- Charity clients · 0 to 32Oct 27, 2025 to Feb 5, 2026
- HNW clients · 141 to 69Oct 27, 2025 to Feb 5, 2026
- Individual clients · 43 to 36Oct 27, 2025 to Feb 5, 2026
- Discretionary RAUM · $289M to $365MOct 27, 2025 to Feb 5, 2026
- HNW RAUM · $327M to $392MOct 27, 2025 to Feb 5, 2026
- Individual RAUM · $11.7M to $16.6MOct 27, 2025 to Feb 5, 2026
- Non-discretionary RAUM · $49.0M to $47.6MOct 27, 2025 to Feb 5, 2026
- RAUM · $338M to $413MOct 27, 2025 to Feb 5, 2026
- Accounts · 543 to 519Dec 9, 2024 to Jan 10, 2025
- HNW clients · 53 to 141Dec 9, 2024 to Jan 10, 2025
- Individual clients · 49 to 43Dec 9, 2024 to Jan 10, 2025
- Financial planning clients · 11-25 to 11-25Dec 9, 2024 to Jan 10, 2025
- Discretionary RAUM · $280M to $289MDec 9, 2024 to Jan 10, 2025
- HNW RAUM · $326M to $327MDec 9, 2024 to Jan 10, 2025
- Individual RAUM · $23.7M to $11.7MDec 9, 2024 to Jan 10, 2025
- Non-discretionary RAUM · $69.8M to $49.0MDec 9, 2024 to Jan 10, 2025
- RAUM · $350M to $338MDec 9, 2024 to Jan 10, 2025
- Other offices · 0 to 2Oct 9, 2024 to Dec 9, 2024
- Advisory employees · 6 to 5Feb 13, 2024 to Oct 9, 2024
- State-registered IARs · 6 to 5Feb 13, 2024 to Oct 9, 2024
- Accounts · 443 to 543Oct 18, 2023 to Feb 13, 2024
- Advisory employees · 7 to 6Oct 18, 2023 to Feb 13, 2024
- Charity clients · 1 to 0Oct 18, 2023 to Feb 13, 2024
- HNW clients · 123 to 53Oct 18, 2023 to Feb 13, 2024
- Individual clients · 50 to 49Oct 18, 2023 to Feb 13, 2024
- Employees · 7 to 6Oct 18, 2023 to Feb 13, 2024
- State-registered IARs · 7 to 6Oct 18, 2023 to Feb 13, 2024
- Discretionary RAUM · $208M to $280MOct 18, 2023 to Feb 13, 2024
- HNW RAUM · $254M to $326MOct 18, 2023 to Feb 13, 2024
- Individual RAUM · $29.4M to $23.7MOct 18, 2023 to Feb 13, 2024
- Non-discretionary RAUM · $74.9M to $69.8MOct 18, 2023 to Feb 13, 2024
- RAUM · $283M to $350MOct 18, 2023 to Feb 13, 2024
- Discretionary RAUM · $165M to $208MApr 26, 2023 to Jul 12, 2023
- HNW RAUM · $218M to $254MApr 26, 2023 to Jul 12, 2023
- Individual RAUM · $30.5M to $29.4MApr 26, 2023 to Jul 12, 2023
- Non-discretionary RAUM · $84.0M to $74.9MApr 26, 2023 to Jul 12, 2023
- RAUM · $249M to $283MApr 26, 2023 to Jul 12, 2023
- Accounts · 414 to 443Oct 13, 2022 to Mar 2, 2023
- Charity clients · 0 to 1Oct 13, 2022 to Mar 2, 2023
Signals
4 dated events
- Scott Douglas Hedgcock left Aletheian Wealth Advisors Llc for Compound Planning, Inc. (registered 2024-09-06)Sep 27, 2024 · Advisor changed firm · fact
- William Erwert (Owner) appeared on Schedule A of Aletheian Wealth Advisors LlcFeb 13, 2024 · Control person joined · fact
- Janine Rutherford (Owner) appeared on Schedule A of Aletheian Wealth Advisors LlcFeb 13, 2024 · Control person joined · fact
- Aletheian Wealth Advisors Llc filed its initial SEC registration (Form ADV)Jun 17, 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
- info@aletheianadvisors.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 425-458-2840reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 425-458-2745reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 425-458-2792reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- aletheianadvisors.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 425-458-2840reportedpublic record, Form ADV, Feb 5, 2026
- Contact form
- aletheianadvisors.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- aletheianadvisors.com/team-member-01reportedpublished by the firm, firm site, Sep 15, 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
- $82.5Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026