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••• C•••••• M••••••••• L••
Latest filing Feb 25, 2026
First filing on the tape Feb 8, 2021 · 8 filings
SEC status approved since Mar 10, 2021
RAUM
$1.5B
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
52%
$779M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$373M
derived; firm RAUM over IAPD count
Employees
5
3 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$1.5B as of Feb 25, 2026
Mar 31, 2022$1.1B then
HNW client RAUM$770M as of Feb 25, 2026
Mar 31, 2022$470M then
State-registered IARs (5.B.3)3 as of Feb 25, 2026
Mar 31, 20220 then
Employees (5.A)5 as of Feb 25, 2026
Mar 31, 20226 then
Private funds: no history
RAUM +8.9% over the last fiscal year+13% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Feb 25, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 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
- $373MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 24derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $9.9MderivedHNW RAUM over HNW clients
- Average account
- $4.9MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 48%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
- +8.9%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +5.4%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- Custody
- $1.4B, 43 clientsreportedItem 9.A
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$770M52%
- Charitable organizations$713M48%
- Individuals$9.3M0.6%
- Corporations and businesses$1.1M0.1%
- Individual clients
- 19reported
- HNW clients
- 78reported
- Pension plan clients
- 0reported
- Charitable clients
- 8reported
- Accounts
- 306reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.4B for 43 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.52 fund_share=0.0 institutional_share=0.48 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| P••• N••••• C••••Certified Financial Planner | Concord, Nc | Jun 21, 2021 | 15 y | 0 |
| B•••• J•••• S•••Chartered Financial Analyst | Concord, Nc | Jun 21, 2021 | 34 y | 0 |
| J••••••• W•••••• R•••••Certified Financial Planner | Concord, Nc | Jun 21, 2021 | 29 y | 1 |
| D•••• C••••••• B•••• | Concord, Nc | May 21, 2026 | 26 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 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•••• C••••••• B•••• from W•••• F•••• I••••••••• I••••••••• I•••May 21, 2026 · RIA to RIA
- J••••••• W•••••• R••••• from H••••• H••••• F••••••••• L••Jun 21, 2021 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- C••••• P•••• N••••• · Chief Compliance Officercontrolsince 02/2021 · owns 25% to 50%
- R•••••• J•••••••• W•••••• · Principalcontrolsince 05/2021 · owns 10% to 25%
- S•••• B••••• J•••• · Principalcontrolsince 02/2021 · owns 25% to 50%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Concord, Nc · principal | 4 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 283 to 306Mar 21, 2025 to Feb 25, 2026
- Charity clients · 7 to 8Mar 21, 2025 to Feb 25, 2026
- HNW clients · 77 to 78Mar 21, 2025 to Feb 25, 2026
- Individual clients · 15 to 19Mar 21, 2025 to Feb 25, 2026
- Assets in custody · $843M to $1.4BMar 21, 2025 to Feb 25, 2026
- Discretionary RAUM · $1.3B to $1.5BMar 21, 2025 to Feb 25, 2026
- HNW RAUM · $709M to $770MMar 21, 2025 to Feb 25, 2026
- Individual RAUM · $4.1M to $9.3MMar 21, 2025 to Feb 25, 2026
- Non-discretionary RAUM · $35.6M to $38.0MMar 21, 2025 to Feb 25, 2026
- RAUM · $1.4B to $1.5BMar 21, 2025 to Feb 25, 2026
- Accounts · 261 to 283Mar 11, 2024 to Mar 21, 2025
- HNW clients · 73 to 77Mar 11, 2024 to Mar 21, 2025
- Individual clients · 10 to 15Mar 11, 2024 to Mar 21, 2025
- Assets in custody · $815M to $843MMar 11, 2024 to Mar 21, 2025
- Financial planning clients · 1-10 to 1-10Mar 11, 2024 to Mar 21, 2025
- State-registered IARs · 0 to 3Mar 11, 2024 to Mar 21, 2025
- Discretionary RAUM · $1.2B to $1.3BMar 11, 2024 to Mar 21, 2025
- HNW RAUM · $633M to $709MMar 11, 2024 to Mar 21, 2025
- Individual RAUM · $3.5M to $4.1MMar 11, 2024 to Mar 21, 2025
- Non-discretionary RAUM · $34.2M to $35.6MMar 11, 2024 to Mar 21, 2025
- RAUM · $1.2B to $1.4BMar 11, 2024 to Mar 21, 2025
- Accounts · 221 to 261Mar 6, 2023 to Mar 11, 2024
- Advisory employees · 4 to 3Mar 6, 2023 to Mar 11, 2024
- Corporate clients · 0 to 1Mar 6, 2023 to Mar 11, 2024
- HNW clients · 69 to 73Mar 6, 2023 to Mar 11, 2024
- Individual clients · 6 to 10Mar 6, 2023 to Mar 11, 2024
- Assets in custody · unset to 814579980.0Mar 6, 2023 to Mar 11, 2024
- Custody of client assets · false to trueMar 6, 2023 to Mar 11, 2024
- Employees · 6 to 5Mar 6, 2023 to Mar 11, 2024
- Discretionary RAUM · $1.0B to $1.2BMar 6, 2023 to Mar 11, 2024
- HNW RAUM · $534M to $633MMar 6, 2023 to Mar 11, 2024
- Individual RAUM · $1.6M to $3.5MMar 6, 2023 to Mar 11, 2024
- Non-discretionary RAUM · $32.7M to $34.2MMar 6, 2023 to Mar 11, 2024
- RAUM · $1.0B to $1.2BMar 6, 2023 to Mar 11, 2024
- Accounts · 145 to 221Mar 31, 2022 to Mar 6, 2023
- HNW clients · 50 to 69Mar 31, 2022 to Mar 6, 2023
- Individual clients · 5 to 6Mar 31, 2022 to Mar 6, 2023
- Discretionary RAUM · $1.1B to $1.0BMar 31, 2022 to Mar 6, 2023
- HNW RAUM · $470M to $534MMar 31, 2022 to Mar 6, 2023
- Individual RAUM · $1.8M to $1.6MMar 31, 2022 to Mar 6, 2023
Signals
3 dated events
- M••• C•••••• M••••••••• L•• reported RAUM $1.1B, up 35% from $813.2M (2021-07-08 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- William Jonathan Rhoney (Principal) appeared on Schedule A of M••• C•••••• M••••••••• L••Jul 8, 2021 · Control person joined · fact
- M••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Feb 8, 2021 · 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 phone
- 980-494-6455reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/mill-capital-managementreportedpublic record, Form ADV, Sep 18, 2026
- Website
- m•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 980-494-6455reportedpublic record, Form ADV, Feb 25, 2026
- Team page
- m•••••••••.comreportedpublished 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
- $373Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026