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
Wfa Of San Diego
Legal name Wfa Of San Diego, LLC
Latest filing Sep 15, 2026
First filing on the tape Jan 28, 2020 · 32 filings
SEC status approved since Feb 27, 2020
RAUM
$207M
reported, Item 5.F
Discretionary
85%
of RAUM
Private clients
98%
$202M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$103M
derived; firm RAUM over IAPD count
Employees
5
2 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$207M as of Jul 24, 2026
Mar 31, 2021$265M then
HNW client RAUM$165M as of Jul 24, 2026
Mar 31, 2021$225M then
State-registered IARs (5.B.3)2 as of Jul 24, 2026
Mar 31, 20216 then
Employees (5.A)5 as of Jul 24, 2026
Mar 31, 20217 then
Private funds: no history
RAUM +16% over the last fiscal year+1.0% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Sep 15, 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
- $103MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 130derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.9MderivedHNW RAUM over HNW clients
- Average account
- $452,667derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 85%derivedof RAUM
- Institutional
- 2.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.5derivedItem 5.A over advisors
- Advisors per office
- 1.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +16%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +54%derived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$165M80%
- Individuals$37.2M18%
- Charitable organizations$4.0M1.9%
- Pension and profit-sharing plans$662,0230.3%
- Individual clients
- 172reported
- HNW clients
- 88reported
- Pension plan clients
- 1reported
- Charitable clients
- 2reported
- Accounts
- 457reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| David Phipps White | San Diego, Ca | Feb 6, 2025 | 43 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 headcount1 left over 36 months
Left, latest
- Joseph Phillip Arce to The Norden Group LLCMar 28, 2024 · RIA to RIA
- Becki Kathleen Sutton to Jbl Wealth StrategiesNov 15, 2021 · Other
- Shelly Lane Dukes to Mariner Advisor NetworkApr 26, 2021 · RIA to RIA
Joined, latest
- Becki Kathleen Sutton from Financial Sense Advisors, Inc.Jan 19, 2021 · RIA to a newly registered adviser
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- David Louis Dworsky · Ceo & Chief Compliance Officercontrolsince 01/2020 · owns less than 5%
- David Louis Dworsky · Membercontrolsince 01/2018 · owns 25% to 50% of Zermatt Holdings, LLC
- Edwin Meyer Dworsky · Membercontrolsince 01/2018 · owns 25% to 50% of Zermatt Holdings, LLC
- Thomas Ralph Mayes · Membercontrolsince 01/2018 · owns 25% to 50% of Zermatt Holdings, LLC
Entity owners
- Zermatt Holdings, LLC · Ownerdirect · owns 75% or more
Related persons
Schedule D 7.A
- Zermatt Wealth Partnersinvestment advisernRAUM $158M
Advisers that list Wfa Of San Diego as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| San Diego, Ca · principal | 2 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Charlotte, NC1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- client count surgeChange between filings · filing Mar 31, 2026individual and HNW clients (Item 5.D) moved from 169.0 to 260.0 (+54.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +3.0% (3309 comparable advisers, 97.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,309) · 97% percentile
What changed
consecutive filings, newest first
- Business name · WFA OF SAN DIEGO to ZERMATT WEALTH ADVISORSJul 24, 2026 to Sep 15, 2026
- Financial planning clients · 1-10 to 1-10Jul 24, 2026 to Sep 15, 2026
- Legal name · WFA OF SAN DIEGO, LLC to ZERMATT WEALTH, LLCJul 24, 2026 to Sep 15, 2026
- Succession · false to unsetJul 24, 2026 to Sep 15, 2026
- Accounts · 359 to 457Jan 12, 2026 to Mar 31, 2026
- HNW clients · 61 to 88Jan 12, 2026 to Mar 31, 2026
- Individual clients · 108 to 172Jan 12, 2026 to Mar 31, 2026
- Pension plan clients · 0 to 1Jan 12, 2026 to Mar 31, 2026
- Discretionary RAUM · $141M to $177MJan 12, 2026 to Mar 31, 2026
- HNW RAUM · $147M to $165MJan 12, 2026 to Mar 31, 2026
- Individual RAUM · $27.8M to $37.2MJan 12, 2026 to Mar 31, 2026
- Non-discretionary RAUM · $37.1M to $30.2MJan 12, 2026 to Mar 31, 2026
- Pension RAUM · $0 to $662,023Jan 12, 2026 to Mar 31, 2026
- RAUM · $178M to $207MJan 12, 2026 to Mar 31, 2026
- Accounts · 377 to 359Feb 6, 2025 to Mar 31, 2025
- Charity clients · unset to 2.0Feb 6, 2025 to Mar 31, 2025
- HNW clients · 65 to 61Feb 6, 2025 to Mar 31, 2025
- Individual clients · 109 to 108Feb 6, 2025 to Mar 31, 2025
- Pension plan clients · unset to 0.0Feb 6, 2025 to Mar 31, 2025
- Financial planning clients · 1-10 to 1-10Feb 6, 2025 to Mar 31, 2025
- Discretionary RAUM · $139M to $141MFeb 6, 2025 to Mar 31, 2025
- HNW RAUM · $141M to $147MFeb 6, 2025 to Mar 31, 2025
- Individual RAUM · $28.0M to $27.8MFeb 6, 2025 to Mar 31, 2025
- Non-discretionary RAUM · $33.7M to $37.1MFeb 6, 2025 to Mar 31, 2025
- Pension RAUM · unset to 0.0Feb 6, 2025 to Mar 31, 2025
- RAUM · $173M to $178MFeb 6, 2025 to Mar 31, 2025
- Accounts · 484 to 377Nov 29, 2023 to Mar 29, 2024
- Advisory employees · 3 to 2Nov 29, 2023 to Mar 29, 2024
- BD registered reps · 1 to 0Nov 29, 2023 to Mar 29, 2024
- HNW clients · 84 to 65Nov 29, 2023 to Mar 29, 2024
- Individual clients · 136 to 109Nov 29, 2023 to Mar 29, 2024
- Insurance-licensed employees · 4 to 2Nov 29, 2023 to Mar 29, 2024
- State-registered IARs · 4 to 2Nov 29, 2023 to Mar 29, 2024
- Discretionary RAUM · $174M to $139MNov 29, 2023 to Mar 29, 2024
- HNW RAUM · $163M to $141MNov 29, 2023 to Mar 29, 2024
- Individual RAUM · $35.2M to $28.0MNov 29, 2023 to Mar 29, 2024
- Non-discretionary RAUM · $26.7M to $33.7MNov 29, 2023 to Mar 29, 2024
- RAUM · $201M to $173MNov 29, 2023 to Mar 29, 2024
- Related broker-dealer · true to falseMar 28, 2023 to Apr 21, 2023
- Accounts · 515 to 484Jul 8, 2022 to Mar 23, 2023
Signals
6 dated events
- Lee Michael Hudson (Cco) no longer on Schedule A of Wfa Of San Diego (listed 2024-05-15, absent 2024-05-17)May 17, 2024 · Control person left · inference
- Joseph Phillip Arce left Wfa Of San Diego for The Norden Group Llc (registered 2025-01-05)Mar 28, 2024 · Advisor changed firm · fact
- Lee Michael Hudson (Cco) appeared on Schedule A of Wfa Of San DiegoNov 29, 2023 · Control person joined · fact
- Perdue Alisha Dowell (Chief Compliance Officer) no longer on Schedule A of Wfa Of San Diego (listed 2023-04-21, absent 2023-11-29)Nov 29, 2023 · Control person left · inference
- Perdue Alisha Dowell (Chief Compliance Officer) appeared on Schedule A of Wfa Of San DiegoApr 21, 2023 · Control person joined · fact
- Wfa Of San Diego filed its initial SEC registration (Form ADV)Jan 28, 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
- Business phone
- 619-491-0225reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 619-491-0229reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 866-478-8794reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/wfa-wealth-managersreportedpublic record, Form ADV, Sep 18, 2026
- Website
- wfasandiego.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (619) 491-0225reportedpublic record, Form ADV, Sep 15, 2026
- Contact form
- zermattwealthadvisors.com/contact-usreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- zermattwealthadvisors.com/teamreportedpublished 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
- $103Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026