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
H••••••• C•••••• A•••••••• L••
Latest filing Mar 13, 2026
First filing on the tape Aug 14, 2020 · 19 filings
SEC status approved since Sep 14, 2020
RAUM
$1.3B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$75 individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$628M
derived; firm RAUM over IAPD count
Employees
1
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$1.3B as of Mar 13, 2026
Mar 16, 2021$201M then
HNW client RAUM$545M as of Mar 2, 2023
Mar 16, 2021$201M then
State-registered IARs (5.B.3)1 as of Mar 13, 2026
Mar 16, 20211 then
Employees (5.A)1 as of Mar 13, 2026
Mar 16, 20211 then
Private funds: no history
RAUM +87% over the last fiscal year+32% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 13, 2026; every figure names its basis
- RAUM per advisor
- $628MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $114MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +87%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for investment companies, 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$1.3B100%
- Individuals$750.0%
- Individual clients
- 1reported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 11reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 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 |
|---|---|---|---|---|
| D•••• D••••• M••••••• | Arvada, Co | Oct 21, 2024 | 44 y | 5 |
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
Left, latest
none on the tape
Joined, latest
- D•••• D••••• M••••••• from E•••••••• C•••••• A•••••••• L••Oct 21, 2024 · Other
- J•••••• G••••• P•••••• from C•••••• W••••• M•••••••••Jan 30, 2024 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- M•••••••• D••••• D••••• · President, Ccocontrolsince 08/2020 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM up 50 %Change between filings · filing Mar 13, 2026RAUM (Item 5.F) moved from $672,468,599 to $1,255,623,248 (+87.0%) between the annual amendments of 2025-03-28 and 2026-03-13; the peer median change was +11.0% (1368 comparable advisers, 93.0th percentile of changes)peers: asset managers, $1B to $5B (1,368) · 93% percentile
What changed
consecutive filings, newest first
- Accounts · 2 to 11Mar 28, 2025 to Mar 13, 2026
- Discretionary RAUM · $672M to $1.3BMar 28, 2025 to Mar 13, 2026
- RAUM · $672M to $1.3BMar 28, 2025 to Mar 13, 2026
- Financial planning clients · 0 to 0Jan 24, 2025 to Mar 28, 2025
- Discretionary RAUM · $120M to $672MJan 24, 2025 to Mar 28, 2025
- RAUM · $120M to $672MJan 24, 2025 to Mar 28, 2025
- HQ city · unset to Apr 18, 2024 to Jan 24, 2025
- HQ state · unset to Apr 18, 2024 to Jan 24, 2025
- Accounts · 1 to 2Mar 27, 2024 to Apr 18, 2024
- Advisory activities · 2 to 3Mar 27, 2024 to Apr 18, 2024
- Discretionary RAUM · $120M to $120MMar 27, 2024 to Apr 18, 2024
- Individual RAUM · $120M to $75Mar 27, 2024 to Apr 18, 2024
- RAUM · $120M to $120MMar 27, 2024 to Apr 18, 2024
- Accounts · 3 to 1Mar 2, 2023 to Mar 27, 2024
- HNW clients · 3.0 to unsetMar 2, 2023 to Mar 27, 2024
- Individual clients · unset to 1.0Mar 2, 2023 to Mar 27, 2024
- Discretionary RAUM · $545M to $120MMar 2, 2023 to Mar 27, 2024
- HNW RAUM · 545482843.0 to unsetMar 2, 2023 to Mar 27, 2024
- Individual RAUM · unset to 120000000.0Mar 2, 2023 to Mar 27, 2024
- RAUM · $545M to $120MMar 2, 2023 to Mar 27, 2024
- Accounts · 4 to 3Feb 13, 2023 to Mar 2, 2023
- HNW clients · 4 to 3Feb 13, 2023 to Mar 2, 2023
- Discretionary RAUM · $647M to $545MFeb 13, 2023 to Mar 2, 2023
- HNW RAUM · $647M to $545MFeb 13, 2023 to Mar 2, 2023
- RAUM · $647M to $545MFeb 13, 2023 to Mar 2, 2023
- Accounts · 2 to 4Dec 17, 2021 to Feb 14, 2022
- HNW clients · 1 to 4Dec 17, 2021 to Feb 14, 2022
- Discretionary RAUM · $201M to $647MDec 17, 2021 to Feb 14, 2022
- HNW RAUM · $201M to $647MDec 17, 2021 to Feb 14, 2022
- RAUM · $201M to $647MDec 17, 2021 to Feb 14, 2022
- Accounts · 1 to 2Nov 30, 2020 to Mar 16, 2021
- Discretionary RAUM · $120M to $201MNov 30, 2020 to Mar 16, 2021
- HNW RAUM · $120M to $201MNov 30, 2020 to Mar 16, 2021
- RAUM · $120M to $201MNov 30, 2020 to Mar 16, 2021
- Accounts · 0 to 1Aug 28, 2020 to Oct 19, 2020
- HNW clients · unset to 1.0Aug 28, 2020 to Oct 19, 2020
- State-registered IARs · 0 to 1Aug 28, 2020 to Oct 19, 2020
- Discretionary RAUM · $0 to $120MAug 28, 2020 to Oct 19, 2020
- HNW RAUM · unset to 120000000.0Aug 28, 2020 to Oct 19, 2020
- RAUM · $0 to $120MAug 28, 2020 to Oct 19, 2020
Signals
5 dated events
- H••••••• C•••••• A•••••••• L•• reported RAUM $1.3B, up 87% from $672.5M (2025-03-28 to 2026-03-13)Mar 13, 2026 · RAUM change · derived
- H••••••• C•••••• A•••••••• L•• reported RAUM $672.5M, up 460% from $120.0M (2025-01-24 to 2025-03-28)Mar 28, 2025 · RAUM change · derived
- H••••••• C•••••• A•••••••• L•• reported RAUM $120.0M, down 78% from $545.5M (2023-03-02 to 2024-03-27)Mar 27, 2024 · RAUM change · derived
- H••••••• C•••••• A•••••••• L•• reported RAUM $646.5M, up 222% from $200.6M (2021-12-17 to 2022-02-14)Feb 14, 2022 · RAUM change · derived
- H••••••• C•••••• A•••••••• L•• filed its initial SEC registration (Form ADV)Aug 14, 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
- Website
- info@heritagecapitalresearch.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 303-670-9761reportedpublic record, Form ADV, Mar 13, 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
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $628Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026