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

Webull Advisors LLC

Independent wealth managerSt Petersburg, FloridaCRD 304881SEC 801-117281website IAPD

Latest filing Apr 29, 2026

First filing on the tape Aug 2, 2019 · 27 filings

SEC status approved since Aug 30, 2019

RAUM

$48.9M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

100%

$48.9M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$4.1M

derived; firm RAUM over IAPD count

Employees

3 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

27 filings and snapshots on the tape

RAUM$48.9M as of Apr 29, 2026

Jan 7, 2020$0 then

HNW client RAUM: no history

State-registered IARs (5.B.3)13 as of Apr 29, 2026

Jan 7, 20200 then

Employees (5.A)16 as of Apr 29, 2026

Jan 7, 20200 then

Private funds: no history

RAUM +55% over the last fiscal yearIARs 2 to 13

Practice profile

derived from the filing of Apr 29, 2026; every figure names its basis

RAUM per advisor: $4.1MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client: unknownderivedHNW RAUM over HNW clients
Average account: $1,693derivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.3derivedItem 5.A over advisors
Advisors per office: 6.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year: +55%derivedbetween the last two annual amendments
Advisor growth, one year: +550%derivedItem 5.B.3 between annual amendments
Client growth, one year: unknownderived
Compensation: percentage of assetsreportedItem 5.E
Advisory activities: portfolio management for individuals, otherreportedItem 5.G
Wrap fee program: $48.9MreportedItem 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)
receives research or other products from a broker-dealer, soft dollars (8.E)
a related person has custody of client cash (9.B.1.a)
a related person has custody of client securities (9.B.1.b)
an independent public accountant performs a surprise examination (9.C.1)
a related person acts as qualified custodian (9.D.2)
marketing includes hypothetical performance (5.L.3)

Where the RAUM sits

Form ADV Item 5.D, latest filing

Individuals$48.9M100%

Individual clients: 28,867reported
HNW clients: n/areported
Pension plan clients: n/areported
Charitable clients: n/areported
Accounts: 28,867reported
Financial planning clients: reported
Wrap fee programs: $0 sponsored, $0 managedreported
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=true related_bank=false bd_reps=9.0derived

Advisors registered through the firm

12 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Matthew Peterson	New York, Ny	Jan 5, 2026	16 y	4
Joseph Edward Sholler	New York, Ny	Jan 7, 2026	23 y	3
Kevin Max Hurley	New York, Ny	Jan 26, 2026	11 y	1
Noah Jacob Bremer	St. Petersburg, Fl	Feb 9, 2026	10 y	1
Thomas John Lorenz	New York, Ny	Mar 12, 2026	11 y	1
Honey Tin Latt	St. Petersburg, Fl	Mar 16, 2026	15 y	1
Ryan Matthew Kennedy	St. Petersburg, Fl	Mar 23, 2026	11 y	2
Brendan Patrick Fuller	St Petersburg, Fl	Apr 6, 2026	13 y	1
William Edward McallisterChartered Financial Analyst	St. Petersburg, Fl	Apr 13, 2026	10 y	1
Augusto Todeschini	St. Petersburg, Fl	Apr 22, 2026	12 y	1
Justin Louis Hyman	St. Petersburg, Fl	Apr 23, 2026	11 y	3
John Rutledge	St. Petersburg, Fl	Apr 30, 2026	12 y	1

Advisor movement

0 left, 12 joined in 12 months

net +12 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

John Rutledge from Fisher Investments
Apr 30, 2026 · RIA to RIA
Justin Louis Hyman from Ernst & Young Investment Advisers Llp
Apr 23, 2026 · Other
Augusto Todeschini from Fisher Investments
Apr 22, 2026 · RIA to RIA
William Edward Mcallister from Mtc Wealth Management
Apr 13, 2026 · Other
Brendan Patrick Fuller from Charles Schwab & Co., Inc.
Apr 6, 2026 · Affiliated broker-dealer or bank to independent RIA
Ryan Matthew Kennedy from Ernst & Young Investment Advisers Llp
Mar 23, 2026 · Other
Honey Tin Latt from Fidelity Personal And Workplace Advisors
Mar 16, 2026 · Affiliated broker-dealer or bank to independent RIA
Thomas John Lorenz from Vanderbilt Advisory Services
Mar 12, 2026 · Affiliated broker-dealer or bank to independent RIA
Noah Jacob Bremer from Florida Financial Advisors, LLC
Feb 9, 2026 · Affiliated broker-dealer or bank to independent RIA
Kevin Max Hurley from Hedgeye Risk Management, LLC
Jan 26, 2026 · Other
Joseph Edward Sholler from UBS Financial Services Inc.
Jan 7, 2026 · Wirehouse to independent RIA
Matthew Peterson from Charles Schwab & Co., Inc.
Jan 5, 2026 · Affiliated broker-dealer or bank to independent RIA

Every departure Every arrival

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Ann Sara Schwartz · Chief Compliance Officercontrol
since 09/2022 · owns less than 5%
Lai Zhang · Chief Executive Officercontrol
since 10/2023 · owns less than 5%

Entity owners

Webull Holdings (US) Inc · Owner / Managing Member
direct · owns 75% or more
Webull Corporation · Owner, Corporation
indirect · owns 75% or more of Webull Holdings (US) Inc

Related persons

Schedule D 7.A

Webull Financial LLC
broker-dealercustodiany
Webull Securities Limited
broker-dealern

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
St Petersburg, Fl · principal	8	8	0
New York, Ny	4	4	0

Offices

Schedule D 1.F, the 25 largest

New York, NY1 employees

ADV anomalies

1 against comparable advisers; where to look, not conclusions

account count collapseChange between filings · filing Apr 29, 2026
accounts (Item 5.F.2.f) moved from 88,327.0 to 28,867.0 (-67.0%) between the annual amendments of 2025-02-10 and 2026-04-29; the peer median change was +2.0% (136 comparable advisers, 6.0th percentile of changes)
peers: independent wealth managers, under $100M (136) · 5.9% percentile

How anomalies are measured

What changed

consecutive filings, newest first

Accounts · 28,933 to 28,867
Mar 9, 2026 to Apr 29, 2026
BD registered reps · 7 to 9
Mar 9, 2026 to Apr 29, 2026
Individual clients · 28,933 to 28,867
Mar 9, 2026 to Apr 29, 2026
Employees · 10 to 16
Mar 9, 2026 to Apr 29, 2026
State-registered IARs · 7 to 13
Mar 9, 2026 to Apr 29, 2026
Discretionary RAUM · $52.8M to $48.9M
Mar 9, 2026 to Apr 29, 2026
Individual RAUM · $52.8M to $48.9M
Mar 9, 2026 to Apr 29, 2026
RAUM · $52.8M to $48.9M
Mar 9, 2026 to Apr 29, 2026
Accounts · 27,290 to 28,933
Nov 28, 2025 to Mar 9, 2026
BD registered reps · 2 to 7
Nov 28, 2025 to Mar 9, 2026
Individual clients · 27,290 to 28,933
Nov 28, 2025 to Mar 9, 2026
Custody of client assets · true to false
Nov 28, 2025 to Mar 9, 2026
Employees · 6 to 10
Nov 28, 2025 to Mar 9, 2026
State-registered IARs · 2 to 7
Nov 28, 2025 to Mar 9, 2026
Discretionary RAUM · $46.4M to $52.8M
Nov 28, 2025 to Mar 9, 2026
Individual RAUM · $46.4M to $52.8M
Nov 28, 2025 to Mar 9, 2026
RAUM · $46.4M to $52.8M
Nov 28, 2025 to Mar 9, 2026
Related adviser · false to true
Nov 28, 2025 to Mar 9, 2026
Accounts · 136,277 to 27,290
May 1, 2025 to Nov 28, 2025
Advisory employees · 1 to 3
May 1, 2025 to Nov 28, 2025
BD registered reps · 1 to 2
May 1, 2025 to Nov 28, 2025
Individual clients · 136,277 to 27,290
May 1, 2025 to Nov 28, 2025
Employees · 4 to 6
May 1, 2025 to Nov 28, 2025
Insurance-licensed employees · 1 to 0
May 1, 2025 to Nov 28, 2025
Discretionary RAUM · $33.7M to $46.4M
May 1, 2025 to Nov 28, 2025
Individual RAUM · $33.7M to $46.4M
May 1, 2025 to Nov 28, 2025
RAUM · $33.7M to $46.4M
May 1, 2025 to Nov 28, 2025
Accounts · 88,327 to 136,277
Feb 10, 2025 to May 1, 2025
Advisory activities · 1 to 2
Feb 10, 2025 to May 1, 2025
Individual clients · 88,327 to 136,277
Feb 10, 2025 to May 1, 2025
Financial planning clients · unset to
Feb 10, 2025 to May 1, 2025
Discretionary RAUM · $31.6M to $33.7M
Feb 10, 2025 to May 1, 2025
Individual RAUM · $31.6M to $33.7M
Feb 10, 2025 to May 1, 2025
RAUM · $31.6M to $33.7M
Feb 10, 2025 to May 1, 2025
Employees · 3 to 4
Jan 31, 2025 to Feb 10, 2025
Discretionary RAUM · $24.7M to $31.6M
May 22, 2024 to Jan 31, 2025
Individual RAUM · $24.7M to $31.6M
May 22, 2024 to Jan 31, 2025
RAUM · $24.7M to $31.6M
May 22, 2024 to Jan 31, 2025
Accounts · 66,539 to 88,327
Nov 8, 2023 to Mar 29, 2024
Advisory employees · 0 to 1
Nov 8, 2023 to Mar 29, 2024

Signals

10 dated events

Lai Zhang (Chief Executive Officer) appeared on Schedule A of Webull Advisors Llc
Nov 8, 2023 · Control person joined · fact
Biao Lu (Chief Executive Officer) no longer on Schedule A of Webull Advisors Llc (listed 2022-10-04, absent 2023-03-31)
Mar 31, 2023 · Control person left · inference
Shen Lu (Chief Executive Officer; Chief Compliance Officer) no longer on Schedule A of Webull Advisors Llc (listed 2022-03-01, absent 2022-10-04)
Oct 4, 2022 · Control person left · inference
Michael Anthony Denier (Executive Director) no longer on Schedule A of Webull Advisors Llc (listed 2022-03-01, absent 2022-10-04)
Oct 4, 2022 · Control person left · inference
Ann Sara Schwartz (Chief Compliance Officer) appeared on Schedule A of Webull Advisors Llc
Oct 4, 2022 · Control person joined · fact
Biao Lu (Chief Executive Officer) appeared on Schedule A of Webull Advisors Llc
Oct 4, 2022 · Control person joined · fact
Anquan Wang (Shareholder) no longer on Schedule A of Webull Advisors Llc (listed 2021-12-20, absent 2022-03-01)
Mar 1, 2022 · Control person left · inference
Jun Yuan (Shareholder) no longer on Schedule A of Webull Advisors Llc (listed 2021-12-20, absent 2022-03-01)
Mar 1, 2022 · Control person left · inference
Anthony Micah Taylor (Chief Compliance Officer) no longer on Schedule A of Webull Advisors Llc (listed 2019-08-02, absent 2019-08-02)
Aug 2, 2019 · Control person left · inference
Webull Advisors Llc filed its initial SEC registration (Form ADV)
Aug 2, 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: support@webull.comreportedpublished by the firm, firm site, Sep 16, 2026
Business email: partner@webull.comreportedpublished by the firm, firm site, Sep 16, 2026
Business phone: 888-828-0618reportedpublished by the firm, firm site, Sep 16, 2026
Website: webull.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: 1-917-725-2408reportedpublic record, Form ADV, Apr 29, 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: $4.1Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026