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
Cardea Capital Advisors, LLC
Latest filing Jul 27, 2026
First filing on the tape Mar 16, 2020 · 40 filings
SEC status approved since Apr 17, 2020
RAUM
$124M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
100%
$124M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$20.7M
derived; firm RAUM over IAPD count
Employees
9
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
40 filings and snapshots on the tape
RAUM$124M as of Jul 27, 2026
Mar 25, 2021$82.1M then
HNW client RAUM$56.8M as of Jul 27, 2026
Mar 25, 2021$37.0M then
State-registered IARs (5.B.3)0 as of Jul 27, 2026
Mar 25, 20215 then
Employees (5.A)9 as of Jul 27, 2026
Mar 25, 20218 then
Private funds: no history
RAUM +17% over the last fiscal year+14% a year over threeIARs 7 to 0
Practice profile
derived from the filing of Jul 27, 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
- $20.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 43derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.3MderivedHNW RAUM over HNW clients
- Average account
- $315,933derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 6.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +17%derivedbetween the last two annual amendments
- Advisor growth, one year
- -100%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +6.2%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisers, educational seminarsreportedItem 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
- 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$67.1M54%
- High-net-worth individuals$56.8M46%
- Corporations and businesses$221,5020.2%
- Individual clients
- 231reported
- HNW clients
- 25reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 393reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- 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=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Charles Bryan WoodCertified Financial Planner | Vero Beach, Fl | Apr 29, 2020 | 26 y | 2 |
| Kendall Savage Borchardt | Vero Beach, Fl | Aug 21, 2020 | 33 y | 7 |
| Jeffrey Blair Kopp | Vero Beach, Fl | May 3, 2021 | 28 y | 4 |
| Richard Kenneth Roscelli | Vero Beach, Fl | Feb 12, 2024 | 16 y | 6 |
| Kevin Ross | Atlanta, Ga | Mar 28, 2024 | 15 y | 5 |
| Roxanna Marie Guinan | Coral Gables, Fl | May 1, 2024 | 39 y | 2 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 17% of current headcount1 left over 36 months
Left, latest
- Patrick Allan Thomas to Mpwm Advisory Solutions LLCMay 22, 2026 · RIA to RIA
- Carolyn Larocco to Lcp Institutional, LLCMay 4, 2023 · RIA to RIA
- Dara Beth Day to CaptrustFeb 10, 2022 · Other
Joined, latest
- Roxanna Marie Guinan from Claraphi Advisory Network, LLCMay 1, 2024 · RIA to RIA
- Kevin Ross from Cape Investment Advisory, Inc.Mar 28, 2024 · RIA to RIA
- Richard Kenneth Roscelli from Compound Planning, Inc.Feb 12, 2024 · RIA to RIA
- Tomika Monique Boudreaux from Cardea Capital Group, Inc.May 27, 2021 · RIA to RIA
- Dara Beth Day from Davenport & Company LLCMay 18, 2021 · Affiliated broker-dealer or bank to independent RIA
- Jeffrey Blair Kopp from Lindner Capital Advisors, Inc.May 3, 2021 · RIA to RIA
- Patrick Allan Thomas from Lindner Capital Advisors, Inc.Jan 19, 2021 · RIA to a newly registered adviser
- Kendall Savage Borchardt from Lindner Capital Advisors, Inc.Aug 21, 2020 · RIA to a newly registered adviser
- Charles Bryan Wood from Private Wealth Advisory Group, Inc.Apr 29, 2020 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Lindner Capital Advisors, Inc.Dec 23, 2020 · Atlanta, Ga
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Savage Kendall Borchardt · Presidentcontrolsince 02/2021 · owns less than 5%
- Alfredo Raez · Chief Financial Officercontrolsince 11/2020 · owns less than 5%
- Whitney Jordan Waring · Shareholdercontrolsince 04/2021 · owns 25% to 50% of Fourcore Capital, Inc.
- Dain Stephen Philp · Ccosince 02/2023 · owns less than 5%
Entity owners
- Cardea Holdings USA LLC · Shareholderdirect · owns 75% or more
- Fourcore Capital, Inc. · Shareholderindirect · owns 75% or more of Cardea Holdings USA LLC
Related persons
Schedule D 7.A
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Vero Beach, Fl · principal | 6 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- advisor count dropChange between filings · filing Mar 31, 2026advisory representatives (Item 5.B.3) moved from 7.0 to 0.0 (-100.0%) between the annual amendments of 2025-03-28 and 2026-03-31; the peer median change was 0.0% (965 comparable advisers, 0.0th percentile of changes)peers: independent wealth managers, $100M to $500M (965) · 0.0% percentile
What changed
consecutive filings, newest first
- Accounts · 374 to 393Feb 16, 2026 to Mar 31, 2026
- Advisory employees · 7 to 4Feb 16, 2026 to Mar 31, 2026
- Advisory activities · 6 to 5Feb 16, 2026 to Mar 31, 2026
- BD registered reps · 1 to 0Feb 16, 2026 to Mar 31, 2026
- HNW clients · 22 to 25Feb 16, 2026 to Mar 31, 2026
- Individual clients · 219 to 231Feb 16, 2026 to Mar 31, 2026
- Employees · 10 to 9Feb 16, 2026 to Mar 31, 2026
- State-registered IARs · 7 to 0Feb 16, 2026 to Mar 31, 2026
- Discretionary RAUM · $104M to $122MFeb 16, 2026 to Mar 31, 2026
- HNW RAUM · $48.1M to $56.8MFeb 16, 2026 to Mar 31, 2026
- Individual RAUM · $57.5M to $67.1MFeb 16, 2026 to Mar 31, 2026
- Non-discretionary RAUM · $1.3M to $2.3MFeb 16, 2026 to Mar 31, 2026
- RAUM · $106M to $124MFeb 16, 2026 to Mar 31, 2026
- HQ city · ALPHARETTA to VERO BEACHDec 9, 2025 to Feb 16, 2026
- HQ state · GA to FLDec 9, 2025 to Feb 16, 2026
- Individual clients · 389 to 219Jan 31, 2025 to Mar 28, 2025
- Accounts · 409 to 374Jan 31, 2025 to Mar 28, 2025
- Charity clients · 1.0 to unsetJan 31, 2025 to Mar 28, 2025
- Corporate clients · unset to 1.0Jan 31, 2025 to Mar 28, 2025
- HNW clients · 19 to 22Jan 31, 2025 to Mar 28, 2025
- Financial planning clients · 11-25 to 1-10Jan 31, 2025 to Mar 28, 2025
- Discretionary RAUM · $113M to $104MJan 31, 2025 to Mar 28, 2025
- HNW RAUM · $73.5M to $48.1MJan 31, 2025 to Mar 28, 2025
- Individual RAUM · $73.7M to $57.5MJan 31, 2025 to Mar 28, 2025
- Non-discretionary RAUM · $34.1M to $1.3MJan 31, 2025 to Mar 28, 2025
- RAUM · $148M to $106MJan 31, 2025 to Mar 28, 2025
- HQ city · ATLANTA to ALPHARETTADec 17, 2024 to Jan 31, 2025
- Advisory employees · 9 to 7Nov 13, 2024 to Dec 16, 2024
- BD registered reps · 0 to 1Nov 13, 2024 to Dec 16, 2024
- Employees · 13 to 10Nov 13, 2024 to Dec 16, 2024
- State-registered IARs · 9 to 7Nov 13, 2024 to Dec 16, 2024
- Accounts · 219 to 409Aug 7, 2024 to Nov 7, 2024
- Charity clients · unset to 1.0Aug 7, 2024 to Nov 7, 2024
- HNW clients · 15 to 19Aug 7, 2024 to Nov 7, 2024
- Individual clients · 204 to 389Aug 7, 2024 to Nov 7, 2024
- Discretionary RAUM · $133M to $113MAug 7, 2024 to Nov 7, 2024
- HNW RAUM · $69.4M to $73.5MAug 7, 2024 to Nov 7, 2024
- Individual RAUM · $63.9M to $73.7MAug 7, 2024 to Nov 7, 2024
- Non-discretionary RAUM · $0 to $34.1MAug 7, 2024 to Nov 7, 2024
- RAUM · $133M to $148MAug 7, 2024 to Nov 7, 2024
Signals
12 dated events
- Patrick Allan Thomas left Cardea Capital Advisors, Llc for Mpwm Advisory Solutions Llc (registered 2026-05-28)May 22, 2026 · Advisor changed firm · fact
- Carolyn Larocco left Cardea Capital Advisors, Llc for Lcp Institutional, Llc (registered 2023-04-06)May 4, 2023 · Advisor changed firm · fact
- Scott Jonathan Hurd (Chief Compliance Officer) no longer on Schedule A of Cardea Capital Advisors, Llc (listed 2022-03-31, absent 2023-01-06)Jan 6, 2023 · Control person left · inference
- Dara Beth Day left Cardea Capital Advisors, Llc for Captrust (registered 2024-01-10)Feb 10, 2022 · Advisor changed firm · fact
- Scott Jonathan Hurd (Chief Compliance Officer) appeared on Schedule A of Cardea Capital Advisors, LlcSep 21, 2021 · Control person joined · fact
- B Tomika King (Chief Operating Officer | Chief Compliance Officer) no longer on Schedule A of Cardea Capital Advisors, Llc (listed 2021-08-05, absent 2021-09-21)Sep 21, 2021 · Control person left · inference
- B Tomika King (Chief Operating Officer | Chief Compliance Officer) appeared on Schedule A of Cardea Capital Advisors, LlcMay 27, 2021 · Control person joined · fact
- Bryan Charles Wood (Chief Operating Officer/Chief Compliance Officer) no longer on Schedule A of Cardea Capital Advisors, Llc (listed 2021-03-25, absent 2021-05-27)May 27, 2021 · Control person left · inference
- Savage Kendall Borchardt (President And Ceo) appeared on Schedule A of Cardea Capital Advisors, LlcMar 25, 2021 · Control person joined · fact
- Alfredo Raez (Chief Financial Officer) appeared on Schedule A of Cardea Capital Advisors, LlcMar 25, 2021 · Control person joined · fact
- Waring Jana (Shareholder) no longer on Schedule A of Cardea Capital Advisors, Llc (listed 2020-03-30, absent 2020-04-27)Apr 27, 2020 · Control person left · inference
- Cardea Capital Advisors, Llc filed its initial SEC registration (Form ADV)Mar 16, 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/cardea-capitalreportedpublic record, Form ADV, Sep 18, 2026
- Website
- cardeacap.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 770-977-7779reportedpublic record, Form ADV, Jul 27, 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
- $20.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026