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

Qrg Capital Management, Inc.

Independent wealth managerBerwyn, PennsylvaniaCRD 305277SEC 801-118081websiteIAPD
Latest filing Jun 30, 2026
First filing on the tape Jan 15, 2020 · 25 filings
SEC status approved since Feb 18, 2020
RAUM
$11B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
92%
$10B individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$5.7B
derived; firm RAUM over IAPD count
Employees
12
12 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$11B as of Jun 30, 2026
Mar 31, 2021$0 then
HNW client RAUM$4.2B as of Jun 30, 2026
Mar 28, 2024$4.0B then
State-registered IARs (5.B.3)2 as of Jun 30, 2026
Mar 31, 20211 then
Employees (5.A)12 as of Jun 30, 2026
Mar 31, 202110 then
Private funds: no history
RAUM +0.5% over the last fiscal yearIARs 2 to 2offices 1 to 0
Practice profile
derived from the filing of Jun 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • PE backed · a Schedule A entity owner at 25 percent or more whose exact legal name is a PE fund vehicle or a classified PE sponsor on the DFX private equity graph
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$5.7BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
13,303derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.4MderivedHNW RAUM over HNW clients
Average account
$416,425derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
6.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+0.5%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+63%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Ownership
a PE fund or sponsor is a 25 percent or greater owner 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$6.3B55%
  • High-net-worth individuals$4.2B37%
  • Corporations and businesses$747M6.6%
  • Charitable organizations$163M1.4%
Individual clients
24,822reported
HNW clients
1,783reported
Pension plan clients
n/areported
Charitable clients
65reported
Accounts
27,393reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.92 fund_share=0.0 institutional_share=0.01 related_bd=true related_bank=true bd_reps=0.0 bank_owner=falsederived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Janis ZvingelisChartered Financial AnalystBerwyn, Pa Mar 23, 202018 y0
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
    none on the tape
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Marie Dana D'Auria · Co-Chief Investment Officercontrol
        since 12/2022 · owns less than 5%
      • Lawrence James Fox · Interim Chief Executive Officercontrol
        since 04/2024 · owns less than 5%
      • S Shelly O'Brien · Chief Legal Officer/General Counsel/Secretarycontrol
        since 12/2022 · owns less than 5%
      • Michael Thomas Sipp · Evp, Envestnet Business Linescontrol
        since 12/2022 · owns less than 5%
      • Rockwell Brandon Thomas · Co-Chief Investment Officercontrol
        since 08/2019 · owns less than 5%
      • Janis Zvingelis · Director Of Quantitative Research/Principalcontrol
        since 08/2019 · owns less than 5%
      • Lee David Hein · Chief Compliance Officer
        since 08/2019 · owns less than 5%
      Entity owners
      • Envestnet, Inc. · Shareholder
        direct · owns 75% or more
      • Bcpe Pequod Buyer, Inc. · Owner
        indirect · owns 75% or more of Envestnet, Inc.
      • Bcpe Pequod Intermediate, LLC · Owner
        indirect · owns 75% or more of Bcpe Pequod Buyer, Inc.
      • Bcpe Pequod Investor, LP · Owner
        indirect · owns 50% to 75% of Bcpe Pequod Topco, LP
      • Bcpe Pequod Parent , Inc. · Owner
        indirect · owns 75% or more of Bcpe Pequod Intermediate, LLC
      • Bcpe Pequod Topco, LP · Owner
        indirect · owns 75% or more of Bcpe Pequod Parent , Inc.
      • Bain Capital Fund Xiii, L.P. · Owner
        indirect · owns 25% to 50% of Bcpe Pequod Investor, LP
      Related persons
      Schedule D 7.A
      Advisers that list Qrg Capital Management, Inc. as a related person
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Berwyn, Pa · principal200
      Offices
      Schedule D 1.F, the 25 largest
      • Berwyn, PA3 employees
      ADV anomalies
      3 against comparable advisers; where to look, not conclusions
      • account count surgeChange between filings · filing Apr 10, 2026
        accounts (Item 5.F.2.f) moved from 16,768.0 to 27,393.0 (+63.0%) between the annual amendments of 2025-03-31 and 2026-04-10; the peer median change was +8.0% (253 comparable advisers, 92.0th percentile of changes)
        peers: independent wealth managers, $5B to $20B (253) · 92% percentile
      • client count surgeChange between filings · filing Apr 10, 2026
        individual and HNW clients (Item 5.D) moved from 16,370.0 to 26,605.0 (+63.0%) between the annual amendments of 2025-03-31 and 2026-04-10; the peer median change was +6.0% (224 comparable advisers, 93.0th percentile of changes)
        peers: independent wealth managers, $5B to $20B (224) · 93% percentile
      • HNW share shiftChange between filings · filing Apr 10, 2026
        HNW share of RAUM moved from 53.0% to 37.0% between the annual amendments of 2025-03-31 and 2026-04-10
        peers: independent wealth managers, $5B to $20B (289)
      What changed
      consecutive filings, newest first
      • HQ city · CHICAGO to BERWYN
        Apr 10, 2026 to Jun 30, 2026
      • HQ state · IL to PA
        Apr 10, 2026 to Jun 30, 2026
      • Other offices · 1 to 0
        Apr 10, 2026 to Jun 30, 2026
      • Accounts · 16,768 to 27,393
        Dec 8, 2025 to Mar 31, 2026
      • Advisory employees · 4 to 12
        Dec 8, 2025 to Mar 31, 2026
      • Charity clients · 51 to 65
        Dec 8, 2025 to Mar 31, 2026
      • Corporate clients · 340 to 705
        Dec 8, 2025 to Mar 31, 2026
      • HNW clients · 2,372 to 1,783
        Dec 8, 2025 to Mar 31, 2026
      • Individual clients · 13,998 to 24,822
        Dec 8, 2025 to Mar 31, 2026
      • Pension plan clients · 5.0 to unset
        Dec 8, 2025 to Mar 31, 2026
      • Employees · 14 to 12
        Dec 8, 2025 to Mar 31, 2026
      • Discretionary RAUM · $11B to $11B
        Dec 8, 2025 to Mar 31, 2026
      • HNW RAUM · $6.0B to $4.2B
        Dec 8, 2025 to Mar 31, 2026
      • Individual RAUM · $4.6B to $6.3B
        Dec 8, 2025 to Mar 31, 2026
      • Pension RAUM · 3308836.0 to unset
        Dec 8, 2025 to Mar 31, 2026
      • RAUM · $11B to $11B
        Dec 8, 2025 to Mar 31, 2026
      • Financial planning clients · 0 to 0
        Jul 1, 2025 to Sep 30, 2025
      • Accounts · 11,514 to 16,768
        Feb 18, 2025 to Mar 31, 2025
      • Advisory employees · 16 to 4
        Feb 18, 2025 to Mar 31, 2025
      • Charity clients · 61 to 51
        Feb 18, 2025 to Mar 31, 2025
      • Corporate clients · 231 to 340
        Feb 18, 2025 to Mar 31, 2025
      • HNW clients · 1,582 to 2,372
        Feb 18, 2025 to Mar 31, 2025
      • Individual clients · 9,634 to 13,998
        Feb 18, 2025 to Mar 31, 2025
      • Pension plan clients · 2 to 5
        Feb 18, 2025 to Mar 31, 2025
      • Pooled vehicle clients · unset to 0.0
        Feb 18, 2025 to Mar 31, 2025
      • Employees · 16 to 14
        Feb 18, 2025 to Mar 31, 2025
      • Discretionary RAUM · $7.6B to $11B
        Feb 18, 2025 to Mar 31, 2025
      • HNW RAUM · $4.0B to $6.0B
        Feb 18, 2025 to Mar 31, 2025
      • Individual RAUM · $3.1B to $4.6B
        Feb 18, 2025 to Mar 31, 2025
      • Pension RAUM · $2.0M to $3.3M
        Feb 18, 2025 to Mar 31, 2025
      • Pooled vehicle RAUM · unset to 0.0
        Feb 18, 2025 to Mar 31, 2025
      • RAUM · $7.6B to $11B
        Feb 18, 2025 to Mar 31, 2025
      • Related bank · false to true
        Sep 3, 2024 to Dec 6, 2024
      • Accounts · 9,763 to 11,514
        Jan 24, 2024 to Mar 28, 2024
      • Advisory employees · 18 to 16
        Jan 24, 2024 to Mar 28, 2024
      • Charity clients · 65 to 61
        Jan 24, 2024 to Mar 28, 2024
      • Corporate clients · 197 to 231
        Jan 24, 2024 to Mar 28, 2024
      • HNW clients · 715 to 1,582
        Jan 24, 2024 to Mar 28, 2024
      • Individual clients · 8,777 to 9,634
        Jan 24, 2024 to Mar 28, 2024
      • Employees · 18 to 16
        Jan 24, 2024 to Mar 28, 2024
      Signals
      12 dated events
      • Qrg Capital Management, Inc. reported RAUM $11.4B, up 48% from $7.6B (2025-02-18 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • Lawrence James Fox (Interim Chief Executive Officer) appeared on Schedule A of Qrg Capital Management, Inc.
        Mar 28, 2024 · Control person joined · fact
      • C. William Crager (Chief Executive Officer) no longer on Schedule A of Qrg Capital Management, Inc. (listed 2024-01-24, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • Michael Robert Coppola (Chief Technology Officer) no longer on Schedule A of Qrg Capital Management, Inc. (listed 2024-01-24, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • David Joshua Mayer (Chief Operating Officer) no longer on Schedule A of Qrg Capital Management, Inc. (listed 2023-11-13, absent 2024-01-24)
        Jan 24, 2024 · Control person left · inference
      • David Joshua Mayer (Chief Operating Officer) appeared on Schedule A of Qrg Capital Management, Inc.
        Feb 1, 2023 · Control person joined · fact
      • S Shelly O'Brien (Chief Legal Officer/General Counsel/Secretary) appeared on Schedule A of Qrg Capital Management, Inc.
        Feb 1, 2023 · Control person joined · fact
      • Marie Dana D'Auria (Co-Chief Investment Officer) appeared on Schedule A of Qrg Capital Management, Inc.
        Feb 1, 2023 · Control person joined · fact
      • Michael Thomas Sipp (Evp, Envestnet Business Lines) appeared on Schedule A of Qrg Capital Management, Inc.
        Feb 1, 2023 · Control person joined · fact
      • C. William Crager (Chief Executive Officer) appeared on Schedule A of Qrg Capital Management, Inc.
        Feb 1, 2023 · Control person joined · fact
      • Michael Robert Coppola (Chief Technology Officer) appeared on Schedule A of Qrg Capital Management, Inc.
        Feb 1, 2023 · Control person joined · fact
      • Qrg Capital Management, Inc. filed its initial SEC registration (Form ADV)
        Jan 15, 2020 · 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
      Firm profile
      linkedin.com/company/envestnetreportedpublic record, Form ADV, Sep 17, 2026
      Website
      envestnet.comreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      312-827-2800reportedpublic record, Form ADV, Jun 30, 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
      $5.7Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026