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

4• P•••• I••••••••• A••••••• G••••

Independent wealth managerNewtown, PennsylvaniaCRD 306902SEC 801-117945websiteIAPD
Legal name 4• P•••• L••
Latest filing Apr 20, 2026
First filing on the tape Dec 13, 2019 · 18 filings
SEC status approved since Jan 10, 2020
RAUM
$272M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$270M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$90.7M
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$272M as of Apr 20, 2026
Mar 26, 2021$164M then
HNW client RAUM$249M as of Apr 20, 2026
Mar 26, 2021$121M then
State-registered IARs (5.B.3)3 as of Apr 20, 2026
Mar 26, 20213 then
Employees (5.A)5 as of Apr 20, 2026
Mar 26, 20216 then
Private funds: no history
RAUM +28% over the last fiscal year+13% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Apr 20, 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
$90.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
45derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.7MderivedHNW RAUM over HNW clients
Average account
$611,549derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
1.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+28%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+8.9%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
Custody
$20.4M, 56 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)
  • has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$249M92%
  • Individuals$21.1M7.7%
  • Pension and profit-sharing plans$1.8M0.7%
Individual clients
44reported
HNW clients
91reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
445reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$20.4M for 56 clientsreported
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
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
L•••• C••• F••••••Certified Financial Planner, Chartered Financial ConsultantNewtown, PaFeb 14, 202030 y2
B••• K•••••• H••••••Certified Financial PlannerNewtown, PaFeb 14, 202028 y4
E••• N•• M••••••Certified Financial PlannerNewtown, PaFeb 19, 202032 y3
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
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • F••••••• L••••• C••• · Managing Membercontrol
    since 02/2020 · owns 25% to 50%
  • H••••••• B•••• K•••••• · Director Of Researchcontrol
    since 02/2023 · owns 10% to 25%
  • M••••••• E•••• N•• · Managing Membercontrol
    since 02/2020 · owns 25% to 50%
  • V••••••• L••••• C•••••••• · Chief Compliance Officercontrol
    since 11/2021 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Newtown, Pa · principal300
Offices
Schedule D 1.F, the 25 largest
  • , 1 employees
What changed
consecutive filings, newest first
  • Accounts · 402 to 445
    Mar 26, 2025 to Mar 26, 2026
  • HNW clients · 82 to 91
    Mar 26, 2025 to Mar 26, 2026
  • Individual clients · 42 to 44
    Mar 26, 2025 to Mar 26, 2026
  • Assets in custody · $17.6M to $20.4M
    Mar 26, 2025 to Mar 26, 2026
  • Employees · 4 to 5
    Mar 26, 2025 to Mar 26, 2026
  • Discretionary RAUM · $212M to $272M
    Mar 26, 2025 to Mar 26, 2026
  • HNW RAUM · $190M to $249M
    Mar 26, 2025 to Mar 26, 2026
  • Individual RAUM · $21.5M to $21.1M
    Mar 26, 2025 to Mar 26, 2026
  • Pension RAUM · $1.2M to $1.8M
    Mar 26, 2025 to Mar 26, 2026
  • RAUM · $212M to $272M
    Mar 26, 2025 to Mar 26, 2026
  • Accounts · 392 to 402
    Mar 22, 2024 to Mar 26, 2025
  • HNW clients · 70 to 82
    Mar 22, 2024 to Mar 26, 2025
  • Individual clients · 49 to 42
    Mar 22, 2024 to Mar 26, 2025
  • Assets in custody · $15.6M to $17.6M
    Mar 22, 2024 to Mar 26, 2025
  • Financial planning clients · 1-10 to 1-10
    Mar 22, 2024 to Mar 26, 2025
  • Discretionary RAUM · $198M to $212M
    Mar 22, 2024 to Mar 26, 2025
  • HNW RAUM · $173M to $190M
    Mar 22, 2024 to Mar 26, 2025
  • Individual RAUM · $24.0M to $21.5M
    Mar 22, 2024 to Mar 26, 2025
  • Pension RAUM · $885,392 to $1.2M
    Mar 22, 2024 to Mar 26, 2025
  • RAUM · $198M to $212M
    Mar 22, 2024 to Mar 26, 2025
  • Accounts · 389 to 392
    Mar 16, 2023 to Mar 22, 2024
  • HNW clients · 69 to 70
    Mar 16, 2023 to Mar 22, 2024
  • Individual clients · 47 to 49
    Mar 16, 2023 to Mar 22, 2024
  • Assets in custody · $24.8M to $15.6M
    Mar 16, 2023 to Mar 22, 2024
  • Other offices · 0 to 2
    Mar 16, 2023 to Mar 22, 2024
  • Discretionary RAUM · $188M to $198M
    Mar 16, 2023 to Mar 22, 2024
  • HNW RAUM · $163M to $173M
    Mar 16, 2023 to Mar 22, 2024
  • Individual RAUM · $22.0M to $24.0M
    Mar 16, 2023 to Mar 22, 2024
  • Pension RAUM · $2.5M to $885,392
    Mar 16, 2023 to Mar 22, 2024
  • RAUM · $188M to $198M
    Mar 16, 2023 to Mar 22, 2024
  • Accounts · 319 to 389
    Mar 28, 2022 to Mar 16, 2023
  • HNW clients · 64 to 69
    Mar 28, 2022 to Mar 16, 2023
  • Individual clients · 37 to 47
    Mar 28, 2022 to Mar 16, 2023
  • Assets in custody · $20.4M to $24.8M
    Mar 28, 2022 to Mar 16, 2023
  • Discretionary RAUM · $182M to $188M
    Mar 28, 2022 to Mar 16, 2023
  • HNW RAUM · $160M to $163M
    Mar 28, 2022 to Mar 16, 2023
  • Individual RAUM · $19.5M to $22.0M
    Mar 28, 2022 to Mar 16, 2023
  • Pension RAUM · $2.4M to $2.5M
    Mar 28, 2022 to Mar 16, 2023
  • RAUM · $182M to $188M
    Mar 28, 2022 to Mar 16, 2023
  • Accounts · 246 to 319
    Nov 4, 2021 to Mar 28, 2022
Signals
5 dated events
  • Kenneth Brad Heindel (Director Of Research) appeared on Schedule A of 4• P•••• I••••••••• A••••••• G••••
    Mar 16, 2023 · Control person joined · fact
  • Ann Lee Fancher (Managing Member) no longer on Schedule A of 4• P•••• I••••••••• A••••••• G•••• (listed 2020-01-28, absent 2020-02-21)
    Feb 21, 2020 · Control person left · inference
  • Clay Louis Fancher (Managing Member) appeared on Schedule A of 4• P•••• I••••••••• A••••••• G••••
    Feb 21, 2020 · Control person joined · fact
  • Nmn Erik Mosholt (Managing Member) appeared on Schedule A of 4• P•••• I••••••••• A••••••• G••••
    Feb 21, 2020 · Control person joined · fact
  • 4• P•••• I••••••••• A••••••• G•••• filed its initial SEC registration (Form ADV)
    Dec 13, 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
l•••••••@4••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
Business email
p••••••@4••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
Business phone
215-497-8310reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
215-497-8311reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
215-867-7103reportedpublished by the firm, firm site, Sep 16, 2026
Website
4••••••.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
215-497-8310reportedpublic record, Form ADV, Apr 20, 2026
Team page
4••••••.comreportedpublished by the firm, firm site, Sep 16, 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
$90.7Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026