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

W••••••••• L••

Independent wealth managerFrederick, MarylandCRD 311560SEC 801-119949IAPD
Latest filing Mar 24, 2026
First filing on the tape Nov 10, 2020 · 8 filings
SEC status approved since Dec 10, 2020
RAUM
$220M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
96%
$210M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
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
8 filings and snapshots on the tape
RAUM$220M as of Mar 24, 2026
Mar 15, 2021$105M then
HNW client RAUM$177M as of Mar 24, 2026
Mar 15, 2021$82.3M then
State-registered IARs (5.B.3)1 as of Mar 24, 2026
Mar 15, 20212 then
Employees (5.A)1 as of Mar 24, 2026
Mar 15, 20212 then
Private funds: no history
RAUM +27% over the last fiscal year+14% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 24, 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
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$220MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
171derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.5MderivedHNW RAUM over HNW clients
Average account
$1.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
2.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+27%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+5.6%derived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consultingreportedItem 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$177M81%
  • Individuals$33.1M15%
  • Corporations and businesses$4.9M2.3%
  • Pension and profit-sharing plans$3.3M1.5%
  • Charitable organizations$1.2M0.6%
Individual clients
101reported
HNW clients
70reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
179reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, hourlyreported
Class basis
private_client_share=0.96 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months1 left in 90 days0 joined in 90 days1 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • C•••••• R••••••• B•••• · Member And Chief Compliance Officercontrol
    since 11/2020 · owns 75% or more
Related persons
Schedule D 7.A
  • C••••• • A••••••••• P•
    insurancey
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Frederick, Md · principal001
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 237 to 179
    Mar 28, 2025 to Mar 24, 2026
  • HNW clients · 58 to 70
    Mar 28, 2025 to Mar 24, 2026
  • Individual clients · 104 to 101
    Mar 28, 2025 to Mar 24, 2026
  • Discretionary RAUM · $173M to $220M
    Mar 28, 2025 to Mar 24, 2026
  • HNW RAUM · $132M to $177M
    Mar 28, 2025 to Mar 24, 2026
  • Individual RAUM · $34.7M to $33.1M
    Mar 28, 2025 to Mar 24, 2026
  • Pension RAUM · unset to 3256162.0
    Mar 28, 2025 to Mar 24, 2026
  • RAUM · $173M to $220M
    Mar 28, 2025 to Mar 24, 2026
  • Accounts · 355 to 237
    Mar 20, 2024 to Mar 28, 2025
  • Corporate clients · unset to 5.0
    Mar 20, 2024 to Mar 28, 2025
  • HNW clients · 64 to 58
    Mar 20, 2024 to Mar 28, 2025
  • Individual clients · 83 to 104
    Mar 20, 2024 to Mar 28, 2025
  • Financial planning clients · 0 to 0
    Mar 20, 2024 to Mar 28, 2025
  • Discretionary RAUM · $156M to $173M
    Mar 20, 2024 to Mar 28, 2025
  • HNW RAUM · $134M to $132M
    Mar 20, 2024 to Mar 28, 2025
  • Individual RAUM · $17.6M to $34.7M
    Mar 20, 2024 to Mar 28, 2025
  • RAUM · $156M to $173M
    Mar 20, 2024 to Mar 28, 2025
  • Accounts · 445 to 355
    Mar 21, 2023 to Mar 20, 2024
  • HNW clients · 51 to 64
    Mar 21, 2023 to Mar 20, 2024
  • Individual clients · 111 to 83
    Mar 21, 2023 to Mar 20, 2024
  • Pension plan clients · 9.0 to unset
    Mar 21, 2023 to Mar 20, 2024
  • Discretionary RAUM · $121M to $156M
    Mar 21, 2023 to Mar 20, 2024
  • HNW RAUM · $97.2M to $134M
    Mar 21, 2023 to Mar 20, 2024
  • Individual RAUM · $20.3M to $17.6M
    Mar 21, 2023 to Mar 20, 2024
  • Non-discretionary RAUM · $26.0M to $0
    Mar 21, 2023 to Mar 20, 2024
  • Pension RAUM · 25049908.0 to unset
    Mar 21, 2023 to Mar 20, 2024
  • RAUM · $147M to $156M
    Mar 21, 2023 to Mar 20, 2024
  • Accounts · 368 to 445
    Mar 7, 2022 to Mar 21, 2023
  • Charity clients · 1.0 to unset
    Mar 7, 2022 to Mar 21, 2023
  • Corporate clients · 3.0 to unset
    Mar 7, 2022 to Mar 21, 2023
  • HNW clients · 47 to 51
    Mar 7, 2022 to Mar 21, 2023
  • Individual clients · 112 to 111
    Mar 7, 2022 to Mar 21, 2023
  • Pension plan clients · 5 to 9
    Mar 7, 2022 to Mar 21, 2023
  • Discretionary RAUM · $139M to $121M
    Mar 7, 2022 to Mar 21, 2023
  • HNW RAUM · $105M to $97.2M
    Mar 7, 2022 to Mar 21, 2023
  • Individual RAUM · $28.5M to $20.3M
    Mar 7, 2022 to Mar 21, 2023
  • Non-discretionary RAUM · $28.4M to $26.0M
    Mar 7, 2022 to Mar 21, 2023
  • Pension RAUM · $28.4M to $25.0M
    Mar 7, 2022 to Mar 21, 2023
  • RAUM · $167M to $147M
    Mar 7, 2022 to Mar 21, 2023
  • Accounts · 228 to 368
    Jan 19, 2022 to Mar 7, 2022
Signals
2 dated events
  • R•••••• B•••• C••••• left W••••••••• L•• for W•••••• A•••••••• L•• (registered 2026-05-29)
    Sep 2, 2026 · Advisor changed firm · fact
  • W••••••••• L•• filed its initial SEC registration (Form ADV)
    Nov 10, 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
Principal office phone
301-695-2800reportedpublic record, Form ADV, Mar 20, 2024
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
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026