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

Bulman Wealth Group

Independent wealth managerRoseville, CaliforniaCRD 313552SEC 801-124893website IAPD

Legal name Chris Bulman Inc.

Latest filing Feb 5, 2026

First filing on the tape Mar 31, 2022 · 26 filings

SEC status approved since May 4, 2022

RAUM

$283M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

100%

$283M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$40.4M

derived; firm RAUM over IAPD count

Employees

7 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

26 filings and snapshots on the tape

RAUM$283M as of Feb 5, 2026

Mar 28, 2023$111M then

HNW client RAUM$149M as of Feb 5, 2026

Mar 28, 2023$40.7M then

State-registered IARs (5.B.3)7 as of Feb 5, 2026

Mar 28, 20232 then

Employees (5.A)15 as of Feb 5, 2026

Mar 28, 20232 then

Private funds: no history

RAUM +41% over the last fiscal year+37% a year over threeIARs 6 to 7

Practice profile

derived from the filing of Feb 5, 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: $40.4MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 79derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $1.9MderivedHNW RAUM over HNW clients
Average account: $247,607derivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 2.1derivedItem 5.A over advisors
Advisors per office: 3.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year: +41%derivedbetween the last two annual amendments
Advisor growth, one year: +17%derivedItem 5.B.3 between annual amendments
Client growth, one year: +19%derived
Compensation: percentage of assets, fixed fees, otherreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Custody: $37.4M, 91 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

is an insurance broker or agent (6.A.6)
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)
has custody of client cash or bank accounts (9.A.1.a)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$149M53%
Individuals$133M47%
Pension and profit-sharing plans$425,2640.2%

Individual clients: 477reported
HNW clients: 78reported
Pension plan clients: 1reported
Charitable clients: n/areported
Accounts: 1,143reported
Financial planning clients: 0reported
Wrap fee programs: noreported
Custody of client assets: $37.4M for 91 clientsreported
Compensation: % of AUM, fixedreported
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

7 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Christopher James Bulman	Roseville, Ca	Apr 30, 2021	24 y	3
Scott Andrew Vlahon	Roseville, Ca	Jul 6, 2021	12 y	1
Michael Shawn Mcelmoyl	Roseville, Ca	Apr 23, 2024	31 y	4
Marcos Simon Lemus	Roseville, Ca	Jan 1, 2025	13 y	0
Taranvir S. Pannu	Roseville, Ca	Jan 7, 2025	12 y	1
Zane Scott Williams	Roseville, Ca	Aug 14, 2025	11 y	0
Stephanie Yanira Hernandez	Roseville, Ca	Jan 2, 2026	11 y	0

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

Taranvir S. Pannu from Monarch Wealth Strategies
Jan 7, 2025 · RIA to RIA
Michael Shawn Mcelmoyl from U.S. Bancorp Advisors, LLC
Apr 23, 2024 · Affiliated broker-dealer or bank to independent RIA
Scott Andrew Vlahon from Brookstone Wealth Advisors, LLC
Jul 6, 2021 · Other
Christopher James Bulman from Brookstone Wealth Advisors, LLC
Apr 30, 2021 · Other

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

2 joined from Brookstone Wealth Advisors, LLC
Aug 23, 2023 · Roseville, Ca

Teams out Teams in

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

James Christopher Bulman · President/Investment Advisor Representativecontrol
since 03/2021 · owns 75% or more
James Christopher Bulman · Trusteecontrol
since 03/2021 · owns 50% to 75% of Christopher And Sarah Bulman Family Trust
Sarah Bulman · Trusteecontrol
since 03/2021 · owns 50% to 75% of Christopher And Sarah Bulman Family Trust
Russell Aaron Larson · Chief Compliance Officer
since 07/2024 · owns less than 5%

Entity owners

Christopher And Sarah Bulman Family Trust · Member
direct · 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

Office	Advisors	Joined	Left	Teams out	Forming
Roseville, Ca · principal	7	1	0

Offices

Schedule D 1.F, the 25 largest

Temecula, CA1 employees

ADV anomalies

2 against comparable advisers; where to look, not conclusions

HNW share shiftChange between filings · filing Feb 5, 2026
HNW share of RAUM moved from 20.0% to 53.0% between the annual amendments of 2025-04-08 and 2026-02-05
peers: independent wealth managers, $100M to $500M (5,676)
RAUM up 25 %Change between filings · filing Feb 5, 2026
RAUM (Item 5.F) moved from $200,597,015 to $283,014,568 (+41.0%) between the annual amendments of 2025-04-08 and 2026-02-05; the peer median change was +15.0% (4551 comparable advisers, 93.0th percentile of changes)
peers: independent wealth managers, $100M to $500M (4,551) · 93% percentile

How anomalies are measured

What changed

consecutive filings, newest first

Accounts · 1,030 to 1,143
Dec 9, 2025 to Feb 5, 2026
Advisory employees · 6 to 7
Dec 9, 2025 to Feb 5, 2026
HNW clients · 13 to 78
Dec 9, 2025 to Feb 5, 2026
Individual clients · 454 to 477
Dec 9, 2025 to Feb 5, 2026
Assets in custody · $28.9M to $37.4M
Dec 9, 2025 to Feb 5, 2026
Employees · 16 to 15
Dec 9, 2025 to Feb 5, 2026
State-registered IARs · 6 to 7
Dec 9, 2025 to Feb 5, 2026
Discretionary RAUM · $201M to $283M
Dec 9, 2025 to Feb 5, 2026
HNW RAUM · $39.8M to $149M
Dec 9, 2025 to Feb 5, 2026
Individual RAUM · $161M to $133M
Dec 9, 2025 to Feb 5, 2026
Pension RAUM · $281,730 to $425,264
Dec 9, 2025 to Feb 5, 2026
RAUM · $201M to $283M
Dec 9, 2025 to Feb 5, 2026
Financial planning clients · 0 to 0
Apr 8, 2025 to Aug 12, 2025
Accounts · 974 to 1,030
Oct 11, 2024 to Feb 21, 2025
Advisory employees · 5 to 6
Oct 11, 2024 to Feb 21, 2025
HNW clients · 27 to 13
Oct 11, 2024 to Feb 21, 2025
Individual clients · 470 to 454
Oct 11, 2024 to Feb 21, 2025
Pension plan clients · unset to 1.0
Oct 11, 2024 to Feb 21, 2025
Assets in custody · $24.2M to $28.9M
Oct 11, 2024 to Feb 21, 2025
Employees · 14 to 16
Oct 11, 2024 to Feb 21, 2025
Financial planning clients · 26-50 to 0
Oct 11, 2024 to Feb 21, 2025
State-registered IARs · 5 to 6
Oct 11, 2024 to Feb 21, 2025
Discretionary RAUM · $148M to $201M
Oct 11, 2024 to Feb 21, 2025
HNW RAUM · $57.0M to $39.8M
Oct 11, 2024 to Feb 21, 2025
Individual RAUM · $91.2M to $161M
Oct 11, 2024 to Feb 21, 2025
Pension RAUM · unset to 281730.0
Oct 11, 2024 to Feb 21, 2025
RAUM · $148M to $201M
Oct 11, 2024 to Feb 21, 2025
Assets in custody · $0 to $24.2M
Sep 9, 2024 to Oct 11, 2024
Custody of client assets · false to true
Sep 9, 2024 to Oct 11, 2024
Advisory employees · 2 to 5
May 9, 2024 to May 15, 2024
Employees · 2 to 14
May 9, 2024 to May 15, 2024
Insurance-licensed employees · 2 to 0
May 9, 2024 to May 15, 2024
State-registered IARs · 2 to 5
May 9, 2024 to May 15, 2024
Accounts · 925 to 974
Jul 12, 2023 to Mar 1, 2024
HNW clients · 23 to 27
Jul 12, 2023 to Mar 1, 2024
Individual clients · 462 to 470
Jul 12, 2023 to Mar 1, 2024
Custody of client assets · true to false
Jul 12, 2023 to Mar 1, 2024
Financial planning clients · 11-25 to 26-50
Jul 12, 2023 to Mar 1, 2024
Discretionary RAUM · $111M to $148M
Jul 12, 2023 to Mar 1, 2024
HNW RAUM · $40.7M to $57.0M
Jul 12, 2023 to Mar 1, 2024

Signals

4 dated events

2 advisors left Brookstone Wealth Advisors, LLC (Roseville, CA) for Bulman Wealth Group on the same day
Aug 23, 2023 · Team lift-out · derived
Phillip Joseph Arce (Chief Compliance Officer) appeared on Schedule A of Bulman Wealth Group
Jul 12, 2023 · Control person joined · fact
Sarah Bulman (Trustee) appeared on Schedule A of Bulman Wealth Group
Oct 19, 2022 · Control person joined · fact
Bulman Wealth Group filed its initial SEC registration (Form ADV)
Mar 31, 2022 · 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: 916-458-8199reportedpublished by the firm, firm site, Sep 15, 2026
Business phone: 951-699-1502reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile: linkedin.com/company/bulman-wealth-groupreportedpublic record, Form ADV, Sep 17, 2026
Website: bulmanwealth.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: 916-458-8199reportedpublic record, Form ADV, Feb 5, 2026
Team page: bulmanwealth.com/our-teamreportedpublished by the firm, firm site, Sep 15, 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: $40.4Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026