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

Tru Independence Asset Management 2, LLC

Independent wealth managerPortland, OregonCRD 309098SEC 801-118810websiteIAPD
Latest filing Sep 13, 2026
First filing on the tape Apr 27, 2020 · 44 filings
SEC status approved since May 27, 2020
RAUM
$92.7M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
97%
$90.1M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$23.2M
derived; firm RAUM over IAPD count
Employees
17
3 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
44 filings and snapshots on the tape
RAUM$265M as of Aug 25, 2026
Jan 29, 2021$140M then
HNW client RAUM$146M as of Aug 25, 2026
Jan 29, 2021$106M then
State-registered IARs (5.B.3)3 as of Aug 25, 2026
Jan 29, 20214 then
Employees (5.A)33 as of Aug 25, 2026
Jan 29, 202123 then
Private funds: no history
RAUM -57% over the last fiscal year-34% a year over threeIARs 6 to 4offices 4 to 3
Practice profile
derived from the filing of Sep 13, 2026; every figure names its basis
RAUM per advisor
$23.2MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
50derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$650,683derivedHNW RAUM over HNW clients
Average account
$452,152derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.3derivedItem 5.A over advisors
Advisors per office
1.0derived4 offices incl. principal (1.F.5)
RAUM growth, one year
+22%derivedbetween the last two annual amendments
Advisor growth, one year
-50%derivedItem 5.B.3 between annual amendments
Client growth, one year
+11%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
Ownership
controlled by a public reporting companyderived
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)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$81.3M88%
  • Individuals$8.8M9.5%
  • Pension and profit-sharing plans$1.6M1.7%
  • Corporations and businesses$947,8491.0%
Individual clients
75reported
HNW clients
125reported
Pension plan clients
1reported
Charitable clients
0reported
Accounts
205reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.97 fund_share=0.0 institutional_share=0.02 related_bd=true related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Jeffrey Ryan GriswoldPortland, Or Jan 12, 202622 y4
Nicolas CastanoPortland, Or Apr 24, 202611 y1
Jennifer VandusseldorpCertified Financial PlannerPortland, Or Jun 24, 20269 y1
Advisor movement
4 left, 4 joined in 12 months
net 0 in 12 months3 left in 90 days1 joined in 90 daysdeparture rate 100% of current headcount4 left over 36 months
Left, latest
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
  • Joseph Kevin Miller · Chief Legal Officer / Board Membercontrol
    since 05/2024 · owns less than 5%
  • Leigh Stacy Sizemore · Chief Compliance Officercontrol
    since 04/2020 · owns less than 5%
  • David Vaughan · Chief Financial Officer / Board Membercontrol
    since 05/2024 · owns less than 5%
  • Alan Robert Walter · Board Membercontrol
    since 05/2024 · owns less than 5%
Entity owners
  • Sanctuary Wealth Group LLC · Sole Member
    direct · owns 75% or more
  • Az US Holdings Inc. · Member - Class A Units
    indirect · owns 50% to 75% of Sanctuary Wealth Group LLC
  • Azimut Holdings S.P.A. · Owner
    indirect · owns 75% or more of Azimut Uk Holdings Ltd.
  • Azimut Uk Holdings Ltd. · Owner
    indirect · owns 75% or more of Az US Holdings Inc.
Related persons
Schedule D 7.A
Advisers that list Tru Independence Asset Management 2, LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Portland, Or · principal432
La Jolla, Ca0011
Glendora, Ca001
Offices
Schedule D 1.F, the 25 largest
  • Franklin, TN2 employees
  • La Jolla, CA1 employees
  • , 1 employees
  • Philadelphia, PA
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • custody status changedChange between filings · filing Sep 13, 2026
    custody of client assets (Item 9.A): yes on the filing of 2026-08-25, no on the filing of 2026-09-13
    peers: independent wealth managers, under $100M (704)
  • advisor count dropChange between filings · filing Apr 1, 2026
    advisory representatives (Item 5.B.3) moved from 6.0 to 3.0 (-50.0%) between the annual amendments of 2025-03-06 and 2026-04-01; the peer median change was 0.0% (57 comparable advisers, 7.0th percentile of changes)
    peers: independent wealth managers, under $100M (57) · 7.1% percentile
How anomalies are measured
What changed
consecutive filings, newest first
  • Accounts · 305 to 205
    Aug 25, 2026 to Sep 13, 2026
  • Corporate clients · 29 to 4
    Aug 25, 2026 to Sep 13, 2026
  • HNW clients · 216 to 125
    Aug 25, 2026 to Sep 13, 2026
  • Individual clients · 47 to 75
    Aug 25, 2026 to Sep 13, 2026
  • Pension plan clients · 13 to 1
    Aug 25, 2026 to Sep 13, 2026
  • Assets in custody · $164M to $0
    Aug 25, 2026 to Sep 13, 2026
  • Custody of client assets · true to false
    Aug 25, 2026 to Sep 13, 2026
  • Employees · 33 to 17
    Aug 25, 2026 to Sep 13, 2026
  • Financial planning clients · 51-100 to 0
    Aug 25, 2026 to Sep 13, 2026
  • State-registered IARs · 3 to 4
    Aug 25, 2026 to Sep 13, 2026
  • Other offices · 4 to 3
    Aug 25, 2026 to Sep 13, 2026
  • Discretionary RAUM · $261M to $92.7M
    Aug 25, 2026 to Sep 13, 2026
  • HNW RAUM · $146M to $81.3M
    Aug 25, 2026 to Sep 13, 2026
  • Individual RAUM · $9.3M to $8.8M
    Aug 25, 2026 to Sep 13, 2026
  • Non-discretionary RAUM · $3.5M to $0
    Aug 25, 2026 to Sep 13, 2026
  • Pension RAUM · $13.4M to $1.6M
    Aug 25, 2026 to Sep 13, 2026
  • RAUM · $265M to $92.7M
    Aug 25, 2026 to Sep 13, 2026
  • Succession · false to unset
    Aug 25, 2026 to Sep 13, 2026
  • Other offices · 3 to 4
    Mar 27, 2026 to Apr 1, 2026
  • Accounts · 264 to 305
    Mar 6, 2025 to Mar 27, 2026
  • Advisory employees · 4 to 3
    Mar 6, 2025 to Mar 27, 2026
  • Advisory activities · 5 to 4
    Mar 6, 2025 to Mar 27, 2026
  • Corporate clients · 25 to 29
    Mar 6, 2025 to Mar 27, 2026
  • HNW clients · 185 to 216
    Mar 6, 2025 to Mar 27, 2026
  • Individual clients · 53 to 47
    Mar 6, 2025 to Mar 27, 2026
  • Pension plan clients · 1 to 13
    Mar 6, 2025 to Mar 27, 2026
  • Assets in custody · unset to 163575401.0
    Mar 6, 2025 to Mar 27, 2026
  • Custody of client assets · false to true
    Mar 6, 2025 to Mar 27, 2026
  • Financial planning clients · 26-50 to 51-100
    Mar 6, 2025 to Mar 27, 2026
  • State-registered IARs · 6 to 3
    Mar 6, 2025 to Mar 27, 2026
  • Other offices · 4 to 3
    Mar 6, 2025 to Mar 27, 2026
  • Discretionary RAUM · $214M to $261M
    Mar 6, 2025 to Mar 27, 2026
  • HNW RAUM · $125M to $146M
    Mar 6, 2025 to Mar 27, 2026
  • Individual RAUM · $6.9M to $9.3M
    Mar 6, 2025 to Mar 27, 2026
  • Pension RAUM · $660,274 to $13.4M
    Mar 6, 2025 to Mar 27, 2026
  • RAUM · $217M to $265M
    Mar 6, 2025 to Mar 27, 2026
  • Related broker-dealer · false to true
    Mar 6, 2025 to Mar 27, 2026
  • HNW clients · 186 to 185
    Feb 11, 2025 to Mar 6, 2025
  • Pension plan clients · 0 to 1
    Feb 11, 2025 to Mar 6, 2025
  • Financial planning clients · 26-50 to 26-50
    Feb 11, 2025 to Mar 6, 2025
Signals
22 dated events
  • Tru Independence Asset Management 2, Llc reported RAUM $92.7M, down 65% from $264.7M (2026-08-25 to 2026-09-13)
    Sep 13, 2026 · RAUM change · derived
  • 2 advisors left Tru Independence Asset Management 2, LLC (LA Jolla, CA) for Cosmos Wealth, LLC on the same day
    Sep 2, 2026 · Team lift-out · derived
  • Abigail Flores Chao left Tru Independence Asset Management 2, Llc for Cosmos Wealth, Llc (registered 2026-08-11)
    Sep 2, 2026 · Advisor changed firm · fact
  • Robert B Robinson left Tru Independence Asset Management 2, Llc for Cosmos Wealth, Llc (registered 2026-07-30)
    Sep 2, 2026 · Advisor changed firm · fact
  • Daniel Mauser left Tru Independence Asset Management 2, Llc for Cosmos Wealth, Llc (registered 2026-07-29)
    Sep 2, 2026 · Advisor changed firm · fact
  • Nicholas Bryan Hiebert left Tru Independence Asset Management 2, Llc for Foundry Financial Llc (registered 2026-01-26)
    Jan 21, 2026 · Advisor changed firm · fact
  • Alan Robert Walter (Board Member) appeared on Schedule A of Tru Independence Asset Management 2, Llc
    Jun 2, 2024 · Control person joined · fact
  • Patrick Craig Stuvland (Managing Member, President, Ceo) no longer on Schedule A of Tru Independence Asset Management 2, Llc (listed 2024-05-17, absent 2024-06-02)
    Jun 2, 2024 · Control person left · inference
  • Lee David Beatty (Managing Member/Owner) no longer on Schedule A of Tru Independence Asset Management 2, Llc (listed 2024-05-17, absent 2024-06-02)
    Jun 2, 2024 · Control person left · inference
  • David Vaughan (Chief Financial Officer / Board Member) appeared on Schedule A of Tru Independence Asset Management 2, Llc
    Jun 2, 2024 · Control person joined · fact
  • Joseph Kevin Miller (Chief Legal Officer / Board Member) appeared on Schedule A of Tru Independence Asset Management 2, Llc
    Jun 2, 2024 · Control person joined · fact
  • 2 advisors left Tru Independence Asset Management 2, LLC (Portland, OR) for Elevatus Wealth Management, LLC on the same day
    May 1, 2023 · Team lift-out · derived
  • Daniel J Hare left Tru Independence Asset Management 2, Llc for Elevatus Wealth Management, Llc (registered 2023-05-02)
    May 1, 2023 · Advisor changed firm · fact
  • Brittany A Buffington left Tru Independence Asset Management 2, Llc for Elevatus Wealth Management, Llc (registered 2023-05-01)
    May 1, 2023 · Advisor changed firm · fact
  • Tru Independence Asset Management 2, Llc reported RAUM $101.6M, down 68% from $320.1M (2023-03-29 to 2023-05-01)
    May 1, 2023 · RAUM change · derived
  • Daniel F Antocicco left Tru Independence Asset Management 2, Llc for Elevatus Wealth Management, Llc (registered 2023-05-25)
    May 1, 2023 · Advisor changed firm · fact
  • Clarissa Sandrine Tawel left Tru Independence Asset Management 2, Llc for Aldrich Wealth Lp (registered 2023-01-19)
    Oct 11, 2022 · Advisor changed firm · fact
  • Kendall James Dilworth (Managing Member/Owner) no longer on Schedule A of Tru Independence Asset Management 2, Llc (listed 2022-03-29, absent 2022-06-09)
    Jun 9, 2022 · Control person left · inference
  • Tru Independence Asset Management 2, Llc reported RAUM $284.6M, up 103% from $140.2M (2022-02-15 to 2022-03-29)
    Mar 29, 2022 · RAUM change · derived
  • Kendall James Dilworth (Managing Member/Owner) appeared on Schedule A of Tru Independence Asset Management 2, Llc
    May 7, 2020 · Control person joined · fact
  • Lee David Beatty (Managing Member/Owner) appeared on Schedule A of Tru Independence Asset Management 2, Llc
    May 7, 2020 · Control person joined · fact
  • Tru Independence Asset Management 2 filed its initial SEC registration (Form ADV)
    Apr 27, 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 email
contact@meritwealth.comreportedpublished by the firm, firm site, Sep 16, 2026
Firm profile
linkedin.com/company/merit-wealth-managementreportedpublic record, Form ADV, Sep 17, 2026
Website
MERITWEALTH.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
971-371-3444reportedpublic record, Form ADV, Sep 13, 2026
Team page
meritwealth.com/our-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
$23.2Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026