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
A••••••••• P••••••• L••
Legal name A••••••••• P•••••••• L••
Latest filing May 27, 2026
First filing on the tape Jul 19, 2019 · 14 filings
SEC status approved since Sep 25, 2025
RAUM
$435M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
53%
$232M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$145M
derived; firm RAUM over IAPD count
Employees
6
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$435M as of May 27, 2026
Aug 25, 2025$217M then
HNW client RAUM$198M as of May 27, 2026
Apr 30, 2020$0 then
State-registered IARs (5.B.3)3 as of May 27, 2026
Apr 30, 20200 then
Employees (5.A)6 as of May 27, 2026
Apr 30, 20201 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of May 27, 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
- 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
- $145MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 57derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.7MderivedHNW RAUM over HNW clients
- Average account
- $832,295derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 1.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Custody
- $5.3M, 7 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)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Corporations and businesses$200M46%
- High-net-worth individuals$198M45%
- Individuals$34.5M7.9%
- Charitable organizations$3.3M0.8%
- Individual clients
- 100reported
- HNW clients
- 72reported
- Pension plan clients
- 0reported
- Charitable clients
- 5reported
- Accounts
- 523reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- $5.3M for 7 clientsreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.53 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=3.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| J•••• F•••••• C•••••••• | Raleigh, Nc | Mar 18, 2021 | 17 y | 4 |
| M•••••• S•••••• N•••••• | Raleigh, Nc | Aug 14, 2025 | 11 y | 0 |
| D•••• W•••• M•••••• | Belmont, Nc | Aug 15, 2025 | 27 y | 2 |
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
- D•••• W•••• M•••••• from C•••••• G••••••• W••••• M••••••••• L••Aug 15, 2025 · Other
- J•••• F•••••• C•••••••• from C•••••Aug 20, 2019 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- C••••••••• J••••• F•••••• · Manager/Chief Compliance Officercontrolsince 05/2019 · owns 75% or more
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 |
|---|---|---|---|---|---|
| Raleigh, Nc · principal | 3 | 0 | 0 | ||
| Belmont, Nc | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- very high RAUM per advisorStatic outlier · filing May 27, 2026RAUM per registered advisor of $145,096,680 against a peer median of $55,731,856 (3254 comparable advisers, 98.0th percentile, 3.1 robust deviations)peers: independent wealth managers, $100M to $500M (3,254) · 98% percentile
What changed
consecutive filings, newest first
- Accounts · 85 to 523Aug 25, 2025 to Mar 30, 2026
- Advisory employees · 3 to 4Aug 25, 2025 to Mar 30, 2026
- Advisory activities · 4 to 3Aug 25, 2025 to Mar 30, 2026
- BD registered reps · 4 to 3Aug 25, 2025 to Mar 30, 2026
- Charity clients · 0 to 5Aug 25, 2025 to Mar 30, 2026
- Corporate clients · 1 to 7Aug 25, 2025 to Mar 30, 2026
- HNW clients · 10 to 72Aug 25, 2025 to Mar 30, 2026
- Individual clients · 24 to 100Aug 25, 2025 to Mar 30, 2026
- Assets in custody · $23.2M to $5.3MAug 25, 2025 to Mar 30, 2026
- Employees · 5 to 6Aug 25, 2025 to Mar 30, 2026
- Insurance-licensed employees · 1 to 0Aug 25, 2025 to Mar 30, 2026
- Financial planning clients · 26-50 to 101-250Aug 25, 2025 to Mar 30, 2026
- Discretionary RAUM · $217M to $435MAug 25, 2025 to Mar 30, 2026
- HNW RAUM · $22.8M to $198MAug 25, 2025 to Mar 30, 2026
- Individual RAUM · $8.1M to $34.5MAug 25, 2025 to Mar 30, 2026
- RAUM · $217M to $435MAug 25, 2025 to Mar 30, 2026
- Accounts · unset to 85.0Jul 21, 2020 to Aug 25, 2025
- Advisory employees · 1 to 3Jul 21, 2020 to Aug 25, 2025
- Advisory activities · 3 to 4Jul 21, 2020 to Aug 25, 2025
- BD registered reps · 0 to 4Jul 21, 2020 to Aug 25, 2025
- Business name · A••••••••• P•••••••• L•• to A••••••••• P••••••• L••Jul 21, 2020 to Aug 25, 2025
- Corporate clients · 0 to 1Jul 21, 2020 to Aug 25, 2025
- HNW clients · 0 to 10Jul 21, 2020 to Aug 25, 2025
- Individual clients · 0 to 24Jul 21, 2020 to Aug 25, 2025
- Assets in custody · $0 to $23.2MJul 21, 2020 to Aug 25, 2025
- Custody of client assets · false to trueJul 21, 2020 to Aug 25, 2025
- Employees · 1 to 5Jul 21, 2020 to Aug 25, 2025
- Insurance-licensed employees · 0 to 1Jul 21, 2020 to Aug 25, 2025
- Financial planning clients · 0 to 26-50Jul 21, 2020 to Aug 25, 2025
- HQ city · unset to RALEIGHJul 21, 2020 to Aug 25, 2025
- HQ state · unset to NCJul 21, 2020 to Aug 25, 2025
- State-registered IARs · 0 to 3Jul 21, 2020 to Aug 25, 2025
- Other offices · 0 to 1Jul 21, 2020 to Aug 25, 2025
- Discretionary RAUM · unset to 216808454.0Jul 21, 2020 to Aug 25, 2025
- HNW RAUM · $0 to $22.8MJul 21, 2020 to Aug 25, 2025
- Individual RAUM · $0 to $8.1MJul 21, 2020 to Aug 25, 2025
- Non-discretionary RAUM · unset to 0.0Jul 21, 2020 to Aug 25, 2025
- RAUM · unset to 216808454.0Jul 21, 2020 to Aug 25, 2025
- Accounts · 0.0 to unsetMar 27, 2020 to Apr 30, 2020
- Discretionary RAUM · 0.0 to unsetMar 27, 2020 to Apr 30, 2020
Signals
3 dated events
- A••••••••• P••••••• L•• reported RAUM $435.3M, up 101% from $216.8M (2025-08-25 to 2026-03-30)Mar 30, 2026 · RAUM change · derived
- Watts David Mcmahan (Manager) no longer on Schedule A of A••••••••• P••••••• L•• (listed 2019-12-24, absent 2020-02-12)Feb 12, 2020 · Control person left · inference
- A••••••••• P•••••••• L•• filed its initial SEC registration (Form ADV)Jul 19, 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
- Website
- j•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 919-298-2458reportedpublic record, Form ADV, May 27, 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
- $145Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026