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

M•• A•••••••

Independent wealth managerCharlotte, North CarolinaCRD 305176SEC 801-117591websiteIAPD
Legal name M•• W•••••• L••
Latest filing Mar 11, 2026
First filing on the tape Oct 8, 2019 · 15 filings
SEC status approved since Nov 7, 2019
RAUM
$1.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$1.4B individuals and HNW
Advisors
10
registered through the firm on IAPD
RAUM per advisor
$142M
derived; firm RAUM over IAPD count
Employees
14
10 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$1.4B as of Mar 11, 2026
Mar 4, 2020$259M then
HNW client RAUM$1.4B as of Mar 11, 2026
Mar 4, 2020$252M then
State-registered IARs (5.B.3)10 as of Mar 11, 2026
Mar 4, 20204 then
Employees (5.A)14 as of Mar 11, 2026
Mar 4, 20207 then
Private funds: no history
RAUM +24% over the last fiscal year+25% a year over threeIARs 9 to 10
Practice profile
derived from the filing of Mar 11, 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
$142MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
27derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$5.8MderivedHNW RAUM over HNW clients
Average account
$1.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.4derivedItem 5.A over advisors
Advisors per office
10.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+24%derivedbetween the last two annual amendments
Advisor growth, one year
+11%derivedItem 5.B.3 between annual amendments
Client growth, one year
+25%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
Custody
$263M, 73 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
  • High-net-worth individuals$1.4B99%
  • Individuals$6.6M0.5%
  • Charitable organizations$703,6270.0%
  • Pension and profit-sharing plans$128,9350.0%
Individual clients
28reported
HNW clients
242reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1,156reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$263M for 73 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=5.0derived
Advisors registered through the firm
10 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J••••••• W••••• D••Certified Financial PlannerCharlotte, NcNov 13, 201922 y2
B•••• J••••• G•••Chartered Financial AnalystCharlotte, NcNov 13, 201920 y1
W•••••• R••• M•••••Charlotte, NcNov 13, 201914 y1
L••••• A••• L•••••••Chartered Financial ConsultantCharlotte, NcNov 13, 201935 y0
T••••• C••••••••• W•••Certified Financial PlannerCharlotte, NcJan 14, 202213 y1
M•••••• A••••• G•••••Chartered Financial AnalystCharlotte, NcJul 19, 202214 y0
M•••••• F•••• S•••••••Certified Financial PlannerCharlotte, NcSep 8, 202213 y0
T••••• M•••Chartered Financial AnalystCharlotte, NcMar 16, 202312 y0
E••••• N••• D•••••Certified Financial PlannerCharlotte, NcJan 10, 202520 y2
W•••••• L••••• P•••••Charlotte, NcNov 12, 202543 y1
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • D••• J•••••••• W••••• · Chief Strategy Officercontrol
    since 10/2019 · owns 25% to 50%
  • G•••• B••••• J••••• · Chief Investment Officercontrol
    since 10/2019 · owns 25% to 50%
  • L•••••••• L•••••• A••• · Chief Executive Officercontrol
    since 10/2019 · owns less than 5%
  • M••••••••• S••••••• M•••••• · Chief Compliance Officer/Chief Operating Officercontrol
    since 01/2023 · owns less than 5%
  • M•••••• W••••••• R••• · Presidentcontrol
    since 10/2019 · owns 25% to 50%
  • L•••••••• L•••••• A••• · Managing Membercontrol
    since 10/2019 · owns 75% or more of T•• L••••••• O••••••••• L••
Entity owners
  • T•• L••••••• O••••••••• L•• · Owner
    direct · owns 50% to 75%
Related persons
Schedule D 7.A
  • M•• A••••••• I•••
    real estaten
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Charlotte, Nc · principal1010
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 951 to 1,156
    Mar 10, 2025 to Mar 11, 2026
  • HNW clients · 199 to 242
    Mar 10, 2025 to Mar 11, 2026
  • Individual clients · 17 to 28
    Mar 10, 2025 to Mar 11, 2026
  • Assets in custody · $146M to $263M
    Mar 10, 2025 to Mar 11, 2026
  • Employees · 13 to 14
    Mar 10, 2025 to Mar 11, 2026
  • Financial planning clients · 0 to 101-250
    Mar 10, 2025 to Mar 11, 2026
  • State-registered IARs · 9 to 10
    Mar 10, 2025 to Mar 11, 2026
  • Discretionary RAUM · $1.1B to $1.4B
    Mar 10, 2025 to Mar 11, 2026
  • HNW RAUM · $1.1B to $1.4B
    Mar 10, 2025 to Mar 11, 2026
  • Individual RAUM · $5.7M to $6.6M
    Mar 10, 2025 to Mar 11, 2026
  • Pension RAUM · $6.5M to $128,935
    Mar 10, 2025 to Mar 11, 2026
  • RAUM · $1.1B to $1.4B
    Mar 10, 2025 to Mar 11, 2026
  • Accounts · 836 to 951
    Feb 27, 2024 to Mar 10, 2025
  • BD registered reps · 6 to 5
    Feb 27, 2024 to Mar 10, 2025
  • HNW clients · 184 to 199
    Feb 27, 2024 to Mar 10, 2025
  • Individual clients · 15 to 17
    Feb 27, 2024 to Mar 10, 2025
  • Assets in custody · $69.6M to $146M
    Feb 27, 2024 to Mar 10, 2025
  • Employees · 10 to 13
    Feb 27, 2024 to Mar 10, 2025
  • Financial planning clients · 0 to 0
    Feb 27, 2024 to Mar 10, 2025
  • State-registered IARs · 8 to 9
    Feb 27, 2024 to Mar 10, 2025
  • Discretionary RAUM · $946M to $1.1B
    Feb 27, 2024 to Mar 10, 2025
  • HNW RAUM · $934M to $1.1B
    Feb 27, 2024 to Mar 10, 2025
  • Individual RAUM · $3.7M to $5.7M
    Feb 27, 2024 to Mar 10, 2025
  • Pension RAUM · $5.6M to $6.5M
    Feb 27, 2024 to Mar 10, 2025
  • RAUM · $946M to $1.1B
    Feb 27, 2024 to Mar 10, 2025
  • Accounts · 731 to 836
    Mar 20, 2023 to Feb 27, 2024
  • HNW clients · 149 to 184
    Mar 20, 2023 to Feb 27, 2024
  • Individual clients · 16 to 15
    Mar 20, 2023 to Feb 27, 2024
  • Assets in custody · $78.6M to $69.6M
    Mar 20, 2023 to Feb 27, 2024
  • State-registered IARs · 6 to 8
    Mar 20, 2023 to Feb 27, 2024
  • Discretionary RAUM · $732M to $946M
    Mar 20, 2023 to Feb 27, 2024
  • HNW RAUM · $718M to $934M
    Mar 20, 2023 to Feb 27, 2024
  • Individual RAUM · $5.0M to $3.7M
    Mar 20, 2023 to Feb 27, 2024
  • Pension RAUM · $4.8M to $5.6M
    Mar 20, 2023 to Feb 27, 2024
  • RAUM · $732M to $946M
    Mar 20, 2023 to Feb 27, 2024
  • Accounts · 630 to 731
    Jan 31, 2023 to Mar 20, 2023
  • Advisory employees · 9 to 10
    Jan 31, 2023 to Mar 20, 2023
  • HNW clients · 133 to 149
    Jan 31, 2023 to Mar 20, 2023
  • Individual clients · 7 to 16
    Jan 31, 2023 to Mar 20, 2023
  • Assets in custody · $266M to $78.6M
    Jan 31, 2023 to Mar 20, 2023
Signals
5 dated events
  • M•• A••••••• reported RAUM $946.2M, up 29% from $731.8M (2023-03-20 to 2024-02-27)
    Feb 27, 2024 · RAUM change · derived
  • M•••••• Stephen Marciniak (Chief Compliance Officer/Chief Operating Officer) appeared on Schedule A of M•• A•••••••
    Jan 31, 2023 · Control person joined · fact
  • M•• A••••••• reported RAUM $722.2M, up 48% from $487.3M (2021-03-12 to 2022-01-31)
    Jan 31, 2022 · RAUM change · derived
  • M•• A••••••• reported RAUM $487.3M, up 88% from $258.6M (2020-07-13 to 2021-03-12)
    Mar 12, 2021 · RAUM change · derived
  • M•• W•••••• L•• filed its initial SEC registration (Form ADV)
    Oct 8, 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
i•••@m•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Business phone
704-333-8461reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
704-342-0782reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
800-849-8461reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/mbl-advisors-increportedpublic record, Form ADV, Sep 19, 2026
Website
m•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
Principal office phone
704-333-8461reportedpublic record, Form ADV, Mar 11, 2026
Contact form
m•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Team page
m•••••••••.comreportedpublished 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
$142Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026