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
Factor Investing Group
Legal name Melfa Wealth Management, Inc.
Latest filing Jul 24, 2026
First filing on the tape Jun 22, 2021 · 31 filings
SEC status approved since Jul 22, 2021
RAUM
$349M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$346M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$87.2M
derived; firm RAUM over IAPD count
Employees
6
4 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$349M as of Jul 24, 2026
Mar 20, 2022$231M then
HNW client RAUM$286M as of Jul 24, 2026
Mar 20, 2022$166M then
State-registered IARs (5.B.3)4 as of Jul 24, 2026
Mar 20, 20223 then
Employees (5.A)6 as of Jul 24, 2026
Mar 20, 20225 then
Private funds: no history
RAUM +13% over the last fiscal year+18% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Jul 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
- RAUM per advisor
- $87.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 123derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.8MderivedHNW RAUM over HNW clients
- Average account
- $390,190derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 1.0derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -2.8%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
- Custody
- $79.6M, 73 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$286M82%
- Individuals$59.9M17%
- Pension and profit-sharing plans$1.5M0.4%
- Charitable organizations$1.4M0.4%
- Individual clients
- 388reported
- HNW clients
- 103reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 894reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $79.6M for 73 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.01 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 |
|---|---|---|---|---|
| Victor Joseph Melfa | Newport, Ri | Nov 9, 2021 | 27 y | 3 |
| Victor Joseph Melfa | Westborough, Ma | Dec 15, 2021 | 17 y | 1 |
| Kendra Renee Rasner | Westborough, Ma | Mar 19, 2024 | 15 y | 1 |
| Christopher Ren-Da Chang | Westborough, Ma | Jan 1, 2025 | 38 y | 2 |
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
- Christopher Ren-Da Chang from Old Mission Investment Company, LLCJan 1, 2025 · RIA to RIA
- Kendra Renee Rasner from Old Mission Investment Company, LLCMar 19, 2024 · RIA to RIA
- Victor Joseph Melfa from Kestra Advisory Services, LLCDec 15, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
- Victor Joseph Melfa from Kestra Advisory Services, LLCNov 9, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Kestra Advisory Services, LLCMar 7, 2022 · Austin, Tx
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Joseph Victor Melfa · President, Treasurer And Director / Chief Compliance Officercontrolsince 06/2021 · owns 50% to 75%
- Joseph Victor Melfa · Secretary And Lead Portfolio Managercontrolsince 06/2021 · owns less than 5%
- Christine Karen Melfa · Ownersince 06/2021 · 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 |
|---|---|---|---|---|---|
| Westborough, Ma · principal | 4 | 0 | 0 | ||
| Traverse City, Mi | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Boston, MA1 employees
- Newport, RI1 employees
- Traverse City, MI1 employees
What changed
consecutive filings, newest first
- Accounts · 914 to 894Mar 7, 2025 to Mar 19, 2026
- HNW clients · 396 to 103Mar 7, 2025 to Mar 19, 2026
- Individual clients · 109 to 388Mar 7, 2025 to Mar 19, 2026
- Assets in custody · $31.4M to $79.6MMar 7, 2025 to Mar 19, 2026
- Discretionary RAUM · $310M to $349MMar 7, 2025 to Mar 19, 2026
- HNW RAUM · $248M to $286MMar 7, 2025 to Mar 19, 2026
- Individual RAUM · $56.0M to $59.9MMar 7, 2025 to Mar 19, 2026
- Pension RAUM · $3.8M to $1.5MMar 7, 2025 to Mar 19, 2026
- RAUM · $310M to $349MMar 7, 2025 to Mar 19, 2026
- Accounts · 732 to 914Oct 21, 2024 to Mar 7, 2025
- Advisory employees · 2 to 4Oct 21, 2024 to Mar 7, 2025
- Advisory activities · 2 to 3Oct 21, 2024 to Mar 7, 2025
- HNW clients · 55 to 396Oct 21, 2024 to Mar 7, 2025
- Individual clients · 398 to 109Oct 21, 2024 to Mar 7, 2025
- Assets in custody · $38.3M to $31.4MOct 21, 2024 to Mar 7, 2025
- Employees · 5 to 6Oct 21, 2024 to Mar 7, 2025
- Financial planning clients · 0 to 0Oct 21, 2024 to Mar 7, 2025
- State-registered IARs · 2 to 4Oct 21, 2024 to Mar 7, 2025
- Discretionary RAUM · $228M to $310MOct 21, 2024 to Mar 7, 2025
- HNW RAUM · $88.1M to $248MOct 21, 2024 to Mar 7, 2025
- Individual RAUM · $134M to $56.0MOct 21, 2024 to Mar 7, 2025
- Pension RAUM · $4.8M to $3.8MOct 21, 2024 to Mar 7, 2025
- RAUM · $228M to $310MOct 21, 2024 to Mar 7, 2025
- Other offices · 2 to 3Feb 29, 2024 to Mar 7, 2024
- Accounts · 716 to 732Oct 27, 2023 to Feb 12, 2024
- Advisory employees · 3 to 2Oct 27, 2023 to Feb 12, 2024
- HNW clients · 66 to 55Oct 27, 2023 to Feb 12, 2024
- Individual clients · 368 to 398Oct 27, 2023 to Feb 12, 2024
- Pension plan clients · 4.0 to unsetOct 27, 2023 to Feb 12, 2024
- Assets in custody · $7.3M to $38.3MOct 27, 2023 to Feb 12, 2024
- Employees · 6 to 5Oct 27, 2023 to Feb 12, 2024
- Financial planning clients · 1-10 to 0Oct 27, 2023 to Feb 12, 2024
- State-registered IARs · 3 to 2Oct 27, 2023 to Feb 12, 2024
- Discretionary RAUM · $214M to $228MOct 27, 2023 to Feb 12, 2024
- HNW RAUM · $156M to $88.1MOct 27, 2023 to Feb 12, 2024
- Individual RAUM · $50.0M to $134MOct 27, 2023 to Feb 12, 2024
- Pension RAUM · $5.8M to $4.8MOct 27, 2023 to Feb 12, 2024
- RAUM · $214M to $228MOct 27, 2023 to Feb 12, 2024
- Assets in custody · unset to 7289220.0Sep 13, 2023 to Oct 27, 2023
- Custody of client assets · false to trueSep 13, 2023 to Oct 27, 2023
Signals
2 dated events
- 2 advisors left Kestra Advisory Services, LLC (Austin, TX) for Factor Investing Group on the same dayMar 7, 2022 · Team lift-out · derived
- Melfa Wealth Management, Inc. filed its initial SEC registration (Form ADV)Jun 22, 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 email
- info@factorig.comreportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 231-421-1373reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 401-619-8084reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 508-366-6040reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- linkedin.com/company/melfa-wealth-managementreportedpublic record, Form ADV, Sep 17, 2026
- Website
- factorig.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (508) 366-6040reportedpublic record, Form ADV, Jul 24, 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
- $87.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026