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

M•••• W••••• M•••••••••

Independent wealth managerEllicott City, MarylandCRD 310534SEC 801-119442websiteIAPD
Legal name M•••• W•••••• L••
Latest filing Aug 20, 2026
First filing on the tape Aug 13, 2020 · 36 filings
SEC status approved since Sep 17, 2020
RAUM
$409M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$409M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$102M
derived; firm RAUM over IAPD count
Employees
5
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
36 filings and snapshots on the tape
RAUM$409M as of Aug 20, 2026
Mar 1, 2021$320M then
HNW client RAUM$302M as of Aug 20, 2026
Mar 1, 2021$269M then
State-registered IARs (5.B.3)4 as of Aug 20, 2026
Mar 1, 20212 then
Employees (5.A)5 as of Aug 20, 2026
Mar 1, 20213 then
Private funds: no history
RAUM +6.8% over the last fiscal year+5.9% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Aug 20, 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
$102MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
71derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.3MderivedHNW RAUM over HNW clients
Average account
$464,477derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+6.8%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+2.5%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 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$302M74%
  • Individuals$108M26%
Individual clients
151reported
HNW clients
132reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
881reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
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
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
C•••••• M••••Ellicott City, MdSep 18, 202014 y2
C•••••••• C••••••• J••••••Certified Financial PlannerEllicott City, MdMar 1, 202110 y1
F•••••• P• D•••••Ellicott City, MdMay 2, 202412 y0
R•••••• G•••••••Ellicott City, MdJul 24, 202610 y0
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
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • M••••• C•••••• · Ceo / Managing Director / Chief Compliance Officercontrol
    since 09/2020 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Ellicott City, Md · principal410
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Advisory employees · 3 to 4
    Jun 16, 2026 to Aug 20, 2026
  • Employees · 4 to 5
    Jun 16, 2026 to Aug 20, 2026
  • State-registered IARs · 3 to 4
    Jun 16, 2026 to Aug 20, 2026
  • Advisory employees · 4 to 3
    Feb 26, 2026 to Jun 16, 2026
  • Employees · 5 to 4
    Feb 26, 2026 to Jun 16, 2026
  • State-registered IARs · 4 to 3
    Feb 26, 2026 to Jun 16, 2026
  • Accounts · 974 to 881
    Oct 6, 2025 to Feb 26, 2026
  • HNW clients · 135 to 132
    Oct 6, 2025 to Feb 26, 2026
  • Individual clients · 141 to 151
    Oct 6, 2025 to Feb 26, 2026
  • Discretionary RAUM · $383M to $409M
    Oct 6, 2025 to Feb 26, 2026
  • HNW RAUM · $290M to $302M
    Oct 6, 2025 to Feb 26, 2026
  • Individual RAUM · $92.7M to $108M
    Oct 6, 2025 to Feb 26, 2026
  • RAUM · $383M to $409M
    Oct 6, 2025 to Feb 26, 2026
  • HQ city · ANNAPOLIS to ELLICOTT CITY
    Apr 3, 2025 to Oct 6, 2025
  • Financial planning clients · 251-500 to 251-500
    Feb 4, 2025 to Apr 3, 2025
  • Accounts · 947 to 974
    May 21, 2024 to Feb 4, 2025
  • Advisory employees · 3 to 4
    May 21, 2024 to Feb 4, 2025
  • HNW clients · 137 to 135
    May 21, 2024 to Feb 4, 2025
  • Individual clients · 137 to 141
    May 21, 2024 to Feb 4, 2025
  • Employees · 7 to 5
    May 21, 2024 to Feb 4, 2025
  • Discretionary RAUM · $383M to $383M
    May 21, 2024 to Feb 4, 2025
  • HNW RAUM · $294M to $290M
    May 21, 2024 to Feb 4, 2025
  • Individual RAUM · $88.4M to $92.7M
    May 21, 2024 to Feb 4, 2025
  • RAUM · $383M to $383M
    May 21, 2024 to Feb 4, 2025
  • Advisory employees · 2 to 3
    May 1, 2024 to May 21, 2024
  • Employees · 6 to 7
    May 1, 2024 to May 21, 2024
  • State-registered IARs · 3 to 4
    May 1, 2024 to May 21, 2024
  • Advisory employees · 1 to 2
    Apr 18, 2024 to May 1, 2024
  • Employees · 5 to 6
    Apr 18, 2024 to May 1, 2024
  • State-registered IARs · 2 to 3
    Apr 18, 2024 to May 1, 2024
  • Employees · 2 to 5
    Apr 14, 2024 to Apr 18, 2024
  • State-registered IARs · 1 to 2
    Apr 14, 2024 to Apr 18, 2024
  • Advisory employees · 2 to 1
    Feb 28, 2024 to Apr 14, 2024
  • Employees · 3 to 2
    Feb 28, 2024 to Apr 14, 2024
  • State-registered IARs · 2 to 1
    Feb 28, 2024 to Apr 14, 2024
  • Accounts · 935 to 947
    Jan 8, 2024 to Feb 28, 2024
  • Individual clients · 134 to 137
    Jan 8, 2024 to Feb 28, 2024
  • Discretionary RAUM · $376M to $383M
    Jan 8, 2024 to Feb 28, 2024
  • HNW RAUM · $290M to $294M
    Jan 8, 2024 to Feb 28, 2024
  • Individual RAUM · $86.4M to $88.4M
    Jan 8, 2024 to Feb 28, 2024
Signals
4 dated events
  • M••••••• S• M••••• left M•••• W••••• M••••••••• for R•••••• J•••• • A••••••••• I••• (registered 2023-12-08)
    Jun 22, 2023 · Advisor changed firm · fact
  • Adam Daniel Bernstein (Chief Compliance Officer) no longer on Schedule A of M•••• W••••• M••••••••• (listed 2020-08-13, absent 2020-09-18)
    Sep 18, 2020 · Control person left · inference
  • C•••••• M•••• (Ceo / Managing Director / Chief Compliance Officer) appeared on Schedule A of M•••• W••••• M•••••••••
    Sep 18, 2020 · Control person joined · fact
  • C•••••• A•••••••• L•• filed its initial SEC registration (Form ADV)
    Aug 13, 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
MarksMW.comreportedpublic record, Form ADV, Sep 19, 2026
Principal office phone
(410) 934-1199reportedpublic record, Form ADV, Aug 20, 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
$102Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026