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

Terra Wealth

Independent wealth managerHigh Point, North CarolinaCRD 320643SEC 801-125822websiteIAPD
Legal name Terra Wealth Management, LLC
Latest filing Mar 30, 2026
First filing on the tape May 6, 2022 · 23 filings
SEC status approved since Jun 3, 2022
RAUM
$152M
reported, Item 5.F
Discretionary
79%
of RAUM
Private clients
100%
$152M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$50.7M
derived; firm RAUM over IAPD count
Employees
13
6 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$152M as of Mar 30, 2026
Mar 30, 2023$167M then
HNW client RAUM$34.4M as of Mar 30, 2026
Mar 30, 2023$39.2M then
State-registered IARs (5.B.3)6 as of Mar 30, 2026
Mar 30, 202358 then
Employees (5.A)13 as of Mar 30, 2026
Mar 30, 202362 then
Private funds: no history
RAUM -62% over the last fiscal year-3.2% a year over threeIARs 39 to 6offices 24 to 5
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
RAUM per advisor
$50.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
191derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$748,507derivedHNW RAUM over HNW clients
Average account
$162,226derivedRAUM over accounts (5.F.2.f)
Discretionary
79%derivedof RAUM
Institutional
0.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.3derivedItem 5.A over advisors
Advisors per office
0.5derived6 offices incl. principal (1.F.5)
RAUM growth, one year
-62%derivedbetween the last two annual amendments
Advisor growth, one year
-85%derivedItem 5.B.3 between annual amendments
Client growth, one year
-73%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 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)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$117M77%
  • High-net-worth individuals$34.4M23%
  • Charitable organizations$437,9000.3%
Individual clients
526reported
HNW clients
46reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
937reported
Financial planning clients
11-25reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=3.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
3 left, 0 joined in 12 months
net -3 in 12 months3 left in 90 days0 joined in 90 daysdeparture rate 100% of current headcount40 left over 36 months
Left, latest
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
  • Scott Phillip Leonard · Chief Executive Officercontrol
    since 03/2022 · owns less than 5%
  • David James May · Chief Compliance Officercontrol
    since 03/2024 · owns less than 5%
  • Scott Phillip Leonard · Sole Membercontrol
    since 03/2022 · owns 75% or more of Terra Wealth LLC
Entity owners
  • Terra Wealth LLC · Managing Member
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • Terra Wealth Risk Management LLC
    real estaten
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Crown Point, In200
High Point, Nc · principal202
Gilbert, Az000
Mount Juliet, Tn000
Nashville, Tn001
Tempe, Az000
Towson, Md000
Wausau, Wi000
York, Pa000
Ephrata, Pa000
Lynchburg, Va000
Brentwood, Tn000
Rockvale, Tn000
Mt Juliet, Tn000
Bartlesville, Ok000
Chandler, Az000
Forest City, Ia000
Offices
Schedule D 1.F, the 25 largest
  • Wausau, WI3 employees
  • York, PA3 employees
  • Flagstaff, AZ3 employees
  • Gilbert, AZ1 employees
  • Haw River, NC1 employees
  • Lancaster, PA1 employees
  • Sun Lakes, AZ1 employees
  • Athens, TX1 employees
  • , 1 employees
  • Crown Point, IN1 employees
  • Forest City, IA1 employees
ADV anomalies
8 against comparable advisers; where to look, not conclusions
  • clients down average size upCombination · filing Mar 30, 2026
    private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $399,431,686 to $152,005,349, advisors 39 to 6, private clients 2087 to 572, offices 24 to 5 (2025-04-28 to 2026-03-30)
    peers: independent wealth managers, $100M to $500M (5,676)
  • account count collapseChange between filings · filing Mar 30, 2026
    accounts (Item 5.F.2.f) moved from 2,917.0 to 937.0 (-68.0%) between the annual amendments of 2025-04-28 and 2026-03-30; the peer median change was +5.0% (3688 comparable advisers, 1.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (3,688) · 1.1% percentile
  • advisor count dropChange between filings · filing Mar 30, 2026
    advisory representatives (Item 5.B.3) moved from 39.0 to 6.0 (-85.0%) between the annual amendments of 2025-04-28 and 2026-03-30; the peer median change was 0.0% (965 comparable advisers, 1.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (965) · 0.5% percentile
  • client count collapseChange between filings · filing Mar 30, 2026
    individual and HNW clients (Item 5.D) moved from 2,087.0 to 572.0 (-73.0%) between the annual amendments of 2025-04-28 and 2026-03-30; the peer median change was +3.0% (3310 comparable advisers, 0.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (3,310) · 0.3% percentile
  • discretionary share shiftChange between filings · filing Mar 30, 2026
    discretionary share of RAUM moved from 100.0% to 79.0% between the annual amendments of 2025-04-28 and 2026-03-30
    peers: independent wealth managers, $100M to $500M (5,676)
  • employee count dropChange between filings · filing Mar 30, 2026
    employees (Item 5.A) moved from 55.0 to 13.0 (-76.0%) between the annual amendments of 2025-04-28 and 2026-03-30; the peer median change was 0.0% (507 comparable advisers, 1.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (507) · 0.6% percentile
  • office count dropChange between filings · filing Mar 30, 2026
    offices other than the principal office (Item 1.F.5) moved from 24.0 to 5.0 (-79.0%) between the annual amendments of 2025-04-28 and 2026-03-30; the peer median change was 0.0% (450 comparable advisers, 1.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (450) · 0.9% percentile
  • RAUM down 50 %Change between filings · filing Mar 30, 2026
    RAUM (Item 5.F) moved from $399,431,686 to $152,005,349 (-62.0%) between the annual amendments of 2025-04-28 and 2026-03-30; the peer median change was +15.0% (4551 comparable advisers, 0.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (4,551) · 0.3% percentile
What changed
consecutive filings, newest first
  • Accounts · 2,917 to 937
    Apr 28, 2025 to Mar 30, 2026
  • Advisory employees · 39 to 6
    Apr 28, 2025 to Mar 30, 2026
  • BD registered reps · 30 to 3
    Apr 28, 2025 to Mar 30, 2026
  • Individual clients · 2,041 to 526
    Apr 28, 2025 to Mar 30, 2026
  • Employees · 55 to 13
    Apr 28, 2025 to Mar 30, 2026
  • Financial planning clients · 51-100 to 11-25
    Apr 28, 2025 to Mar 30, 2026
  • State-registered IARs · 39 to 6
    Apr 28, 2025 to Mar 30, 2026
  • Other offices · 24 to 5
    Apr 28, 2025 to Mar 30, 2026
  • Discretionary RAUM · $399M to $121M
    Apr 28, 2025 to Mar 30, 2026
  • HNW RAUM · $64.3M to $34.4M
    Apr 28, 2025 to Mar 30, 2026
  • Individual RAUM · $335M to $117M
    Apr 28, 2025 to Mar 30, 2026
  • Non-discretionary RAUM · $0 to $31.5M
    Apr 28, 2025 to Mar 30, 2026
  • RAUM · $399M to $152M
    Apr 28, 2025 to Mar 30, 2026
  • Accounts · 2,587 to 2,917
    Feb 13, 2025 to Apr 28, 2025
  • Advisory employees · 52 to 39
    Feb 13, 2025 to Apr 28, 2025
  • BD registered reps · 35 to 30
    Feb 13, 2025 to Apr 28, 2025
  • HNW clients · 42 to 46
    Feb 13, 2025 to Apr 28, 2025
  • Individual clients · 1,632 to 2,041
    Feb 13, 2025 to Apr 28, 2025
  • Employees · 65 to 55
    Feb 13, 2025 to Apr 28, 2025
  • Financial planning clients · 101-250 to 51-100
    Feb 13, 2025 to Apr 28, 2025
  • State-registered IARs · 52 to 39
    Feb 13, 2025 to Apr 28, 2025
  • Other offices · 28 to 24
    Feb 13, 2025 to Apr 28, 2025
  • Discretionary RAUM · $341M to $399M
    Feb 13, 2025 to Apr 28, 2025
  • HNW RAUM · $75.0M to $64.3M
    Feb 13, 2025 to Apr 28, 2025
  • Individual RAUM · $265M to $335M
    Feb 13, 2025 to Apr 28, 2025
  • RAUM · $341M to $399M
    Feb 13, 2025 to Apr 28, 2025
  • Accounts · 2,158 to 2,587
    Jun 20, 2024 to Jul 30, 2024
  • HNW clients · 46 to 42
    Jun 20, 2024 to Jul 30, 2024
  • Individual clients · 1,360 to 1,632
    Jun 20, 2024 to Jul 30, 2024
  • Discretionary RAUM · $250M to $341M
    Jun 20, 2024 to Jul 30, 2024
  • HNW RAUM · $74.4M to $75.0M
    Jun 20, 2024 to Jul 30, 2024
  • Individual RAUM · $175M to $265M
    Jun 20, 2024 to Jul 30, 2024
  • RAUM · $250M to $341M
    Jun 20, 2024 to Jul 30, 2024
  • Other offices · 26 to 28
    Mar 28, 2024 to Jun 20, 2024
  • Accounts · 1,648 to 2,158
    Oct 31, 2023 to Mar 28, 2024
  • Advisory employees · 58 to 52
    Oct 31, 2023 to Mar 28, 2024
  • BD registered reps · 43 to 35
    Oct 31, 2023 to Mar 28, 2024
  • HNW clients · 29 to 46
    Oct 31, 2023 to Mar 28, 2024
  • Individual clients · 1,062 to 1,360
    Oct 31, 2023 to Mar 28, 2024
  • Employees · 62 to 65
    Oct 31, 2023 to Mar 28, 2024
Signals
59 dated events
  • Jeffery Cole left Terra Wealth for Daline Wealth Management, Llc (registered 2026-06-29)
    Aug 13, 2026 · Advisor changed firm · fact
  • Dawn Edythe Campbell left Terra Wealth for Telos Wealth Advisors (registered 2026-03-23)
    Aug 13, 2026 · Advisor changed firm · fact
  • Nathan David Muchmore left Terra Wealth for Cambridge Investment Research Advisors, Inc. (registered 2026-07-06)
    Jul 6, 2026 · Advisor changed firm · fact
  • Terra Wealth reported 5 offices beyond its principal office, down from 24 (2025-04-28 to 2026-03-30)
    Mar 30, 2026 · Office count change · derived
  • Terra Wealth reported 6 state-registered advisory representatives, down from 39 (2025-04-28 to 2026-03-30)
    Mar 30, 2026 · Advisor headcount change · derived
  • Terra Wealth reported RAUM $152.0M, down 62% from $399.4M (2025-04-28 to 2026-03-30)
    Mar 30, 2026 · RAUM change · derived
  • Julio Rodriguez left Terra Wealth for Oasis Advisors (registered 2025-06-07)
    Aug 27, 2025 · Advisor changed firm · fact
  • Gregory Kent Diamond left Terra Wealth for Oasis Advisors (registered 2025-06-04)
    Aug 27, 2025 · Advisor changed firm · fact
  • Taylor Jesse Thompson left Terra Wealth for Oasis Advisors (registered 2025-05-28)
    Aug 27, 2025 · Advisor changed firm · fact
  • Dustin Lee Wright left Terra Wealth for Oasis Advisors (registered 2025-05-29)
    Aug 27, 2025 · Advisor changed firm · fact
  • Rukmini Sunkara left Terra Wealth for Oasis Advisors (registered 2025-05-29)
    Aug 27, 2025 · Advisor changed firm · fact
  • Narsing Venkat Kommireddi left Terra Wealth for Oasis Advisors (registered 2025-05-29)
    Aug 27, 2025 · Advisor changed firm · fact
  • Karter Michael Doucette left Terra Wealth for Oasis Advisors (registered 2025-06-04)
    Aug 27, 2025 · Advisor changed firm · fact
  • Janelle Johnson Thompson left Terra Wealth for Oasis Advisors (registered 2025-05-23)
    Aug 27, 2025 · Advisor changed firm · fact
  • Larry Alexander Celaya left Terra Wealth for Oasis Advisors (registered 2025-05-30)
    Aug 27, 2025 · Advisor changed firm · fact
  • Marcus Joel White left Terra Wealth for Oasis Advisors (registered 2025-06-10)
    Aug 27, 2025 · Advisor changed firm · fact
  • Bryan Matthew Dewhurst left Terra Wealth for Oasis Advisors (registered 2025-05-28)
    Aug 27, 2025 · Advisor changed firm · fact
  • Michael D Mcdonald left Terra Wealth for Oasis Advisors (registered 2025-06-06)
    Aug 27, 2025 · Advisor changed firm · fact
  • Korey John Doucette left Terra Wealth for Oasis Advisors (registered 2025-05-29)
    Aug 27, 2025 · Advisor changed firm · fact
  • Klaine Michael Doucette left Terra Wealth for Oasis Advisors (registered 2025-05-29)
    Aug 27, 2025 · Advisor changed firm · fact
  • William Carlisle Bone left Terra Wealth for Oasis Advisors (registered 2025-05-29)
    Aug 27, 2025 · Advisor changed firm · fact
  • Paul Richard Debuhr left Terra Wealth for Oasis Advisors (registered 2025-05-30)
    Aug 27, 2025 · Advisor changed firm · fact
  • Timothy Andrew Thompson left Terra Wealth for Oasis Advisors (registered 2025-05-28)
    Aug 27, 2025 · Advisor changed firm · fact
  • Karen L Dins left Terra Wealth for Oasis Advisors (registered 2025-05-29)
    Aug 27, 2025 · Advisor changed firm · fact
  • 3 advisors left Terra Wealth (Gilbert, AZ) for Oasis Advisors on the same day
    Aug 27, 2025 · Team lift-out · derived
  • 8 advisors left Terra Wealth (High Point, NC) for Oasis Advisors on the same day
    Aug 27, 2025 · Team lift-out · derived
  • 2 advisors left Terra Wealth (MT Juliet, TN) for Oasis Advisors on the same day
    Aug 27, 2025 · Team lift-out · derived
  • James Morgan Shaffer left Terra Wealth for Integrated Wealth Solutions, Llc (registered 2025-08-20)
    Jul 28, 2025 · Advisor changed firm · fact
  • Aaron Ray Fisher left Terra Wealth for Bison Wealth, Llc (registered 2025-04-01)
    Apr 28, 2025 · Advisor changed firm · fact
  • James David May left Terra Wealth for Cape Investment Advisory, Inc. (registered 2025-11-24)
    Apr 28, 2025 · Advisor changed firm · 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
hello@terrawealth.comreportedpublished by the firm, firm site, Sep 17, 2026
Business phone
305-928-3772reportedpublished by the firm, firm site, Sep 17, 2026
Firm profile
linkedin.com/company/terrawealthreportedpublic record, Form ADV, Sep 17, 2026
Website
terrawealth.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
305-928-3772reportedpublic record, Form ADV, Mar 30, 2026
Contact form
terrawealth.com/contactreportedpublished by the firm, firm site, Sep 17, 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
$50.7Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026