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.

Former SEC-registered adviser

Afs Financial Group, LLC

Former SEC-registered adviserBethesda, MarylandCRD 306979SEC 801-118095IAPD
Latest filing Mar 28, 2024
First filing on the tape Jan 17, 2020 · 17 filings
RAUM
$245M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
97%
$236M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$245M as of Mar 28, 2024
Mar 12, 2021$411M then
HNW client RAUM$162M as of Mar 28, 2024
Mar 12, 2021$346M then
State-registered IARs (5.B.3)6 as of Mar 28, 2024
Mar 12, 20214 then
Employees (5.A)8 as of Mar 28, 2024
Mar 12, 20218 then
Private funds: no history
RAUM -44% over the last fiscal year-16% a year over threeIARs 4 to 6
Practice profile
derived from the filing of Mar 28, 2024; every figure names its basis
RAUM per advisor
$40.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
45derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.3MderivedHNW RAUM over HNW clients
Average account
$347,307derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
6.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-44%derivedbetween the last two annual amendments
Advisor growth, one year
+50%derivedItem 5.B.3 between annual amendments
Client growth, one year
-16%derived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisers, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$21.6M, 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$162M66%
  • Individuals$74.2M30%
  • Corporations and businesses$6.1M2.5%
  • Charitable organizations$2.4M1.0%
Individual clients
197reported
HNW clients
71reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
705reported
Financial planning clients
101-250reported
Wrap fee programs
$0 sponsored, $41.4M managedreported
Custody of client assets
$21.6M for 56 clientsreported
Compensation
% of AUM, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Arslan Alp Atabek · Chief Compliance Officercontrol
    since 07/2009 · owns less than 5%
  • Arslan Alp Atabek · Managing Membercontrol
    since 01/2010 · owns 75% or more of Alp A. Atabek, LLC
  • William Jason Dahl · Director Of Financial Planning
    since 01/2022 · owns less than 5%
  • Olivia Nakkash · Director Of Operations
    since 01/2022 · owns less than 5%
Entity owners
  • Alp A. Atabek, LLC · Owner
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • Afs 401k Retirement Services LLC
    LP sponsorn
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Bethesda, Md · principal000
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 907 to 705
    Feb 18, 2023 to Mar 28, 2024
  • Advisory employees · 3 to 4
    Feb 18, 2023 to Mar 28, 2024
  • Charity clients · 1.0 to unset
    Feb 18, 2023 to Mar 28, 2024
  • Corporate clients · 4.0 to unset
    Feb 18, 2023 to Mar 28, 2024
  • HNW clients · 120 to 71
    Feb 18, 2023 to Mar 28, 2024
  • Individual clients · 198 to 197
    Feb 18, 2023 to Mar 28, 2024
  • Pension plan clients · 2.0 to unset
    Feb 18, 2023 to Mar 28, 2024
  • Assets in custody · $150M to $21.6M
    Feb 18, 2023 to Mar 28, 2024
  • State-registered IARs · 4 to 6
    Feb 18, 2023 to Mar 28, 2024
  • Discretionary RAUM · $435M to $245M
    Feb 18, 2023 to Mar 28, 2024
  • HNW RAUM · $359M to $162M
    Feb 18, 2023 to Mar 28, 2024
  • Individual RAUM · $70.5M to $74.2M
    Feb 18, 2023 to Mar 28, 2024
  • Pension RAUM · 5025675.0 to unset
    Feb 18, 2023 to Mar 28, 2024
  • RAUM · $435M to $245M
    Feb 18, 2023 to Mar 28, 2024
  • Wrap assets (manager) · $123M to $41.4M
    Feb 18, 2023 to Mar 28, 2024
  • Accounts · 885 to 907
    Oct 27, 2022 to Feb 18, 2023
  • Advisory employees · 4 to 3
    Oct 27, 2022 to Feb 18, 2023
  • HNW clients · 134 to 120
    Oct 27, 2022 to Feb 18, 2023
  • Individual clients · 170 to 198
    Oct 27, 2022 to Feb 18, 2023
  • Assets in custody · $124M to $150M
    Oct 27, 2022 to Feb 18, 2023
  • Financial planning clients · 51-100 to 101-250
    Oct 27, 2022 to Feb 18, 2023
  • Discretionary RAUM · $506M to $435M
    Oct 27, 2022 to Feb 18, 2023
  • HNW RAUM · $434M to $359M
    Oct 27, 2022 to Feb 18, 2023
  • Individual RAUM · $64.9M to $70.5M
    Oct 27, 2022 to Feb 18, 2023
  • Pension RAUM · $4.3M to $5.0M
    Oct 27, 2022 to Feb 18, 2023
  • RAUM · $506M to $435M
    Oct 27, 2022 to Feb 18, 2023
  • Wrap assets (manager) · $140M to $123M
    Oct 27, 2022 to Feb 18, 2023
  • Accounts · 817 to 885
    May 3, 2021 to Mar 15, 2022
  • Advisory employees · 5 to 4
    May 3, 2021 to Mar 15, 2022
  • HNW clients · 114 to 134
    May 3, 2021 to Mar 15, 2022
  • Assets in custody · $106M to $124M
    May 3, 2021 to Mar 15, 2022
  • Financial planning clients · 26-50 to 51-100
    May 3, 2021 to Mar 15, 2022
  • Discretionary RAUM · $411M to $506M
    May 3, 2021 to Mar 15, 2022
  • HNW RAUM · $346M to $434M
    May 3, 2021 to Mar 15, 2022
  • Individual RAUM · $60.7M to $64.9M
    May 3, 2021 to Mar 15, 2022
  • Pension RAUM · $3.0M to $4.3M
    May 3, 2021 to Mar 15, 2022
  • RAUM · $411M to $506M
    May 3, 2021 to Mar 15, 2022
  • Wrap assets (manager) · $130M to $140M
    May 3, 2021 to Mar 15, 2022
  • Accounts · 998 to 817
    Jan 25, 2021 to Mar 12, 2021
  • Charity clients · unset to 1.0
    Jan 25, 2021 to Mar 12, 2021
Signals
8 dated events
  • Christopher Reed Vanderkolk left Afs Financial Group, Llc for Hub Investment Partners, Llc (registered 2023-10-06)
    Dec 31, 2024 · Advisor changed firm · fact
  • Jason William Dahl left Afs Financial Group, Llc for Hub Investment Partners, Llc (registered 2023-10-06)
    Dec 31, 2024 · Advisor changed firm · fact
  • Alp Arslan Atabek left Afs Financial Group, Llc for Hub Investment Partners, Llc (registered 2023-10-06)
    Dec 31, 2024 · Advisor changed firm · fact
  • Olivia Nakkash Demissie left Afs Financial Group, Llc for Hub Investment Partners, Llc (registered 2023-10-06)
    Dec 31, 2024 · Advisor changed firm · fact
  • Afs Financial Group, LLC's advisors moved to Hub Investment Partners, LLC (Bethesda, MD): 4 of 4 registered, on the same day
    Dec 31, 2024 · Firm absorbed (people side) · derived
  • Afs Financial Group, Llc reported RAUM $244.9M, down 44% from $435.4M (2023-02-18 to 2024-03-28)
    Mar 28, 2024 · RAUM change · derived
  • Afs Financial Group, Llc reported RAUM $410.9M, up 32% from $310.7M (2021-01-25 to 2021-03-12)
    Mar 12, 2021 · RAUM change · derived
  • Afs Financial Group, Llc filed its initial SEC registration (Form ADV)
    Jan 17, 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.
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
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026