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
T•• S••••••• G••••
Legal name C•••••• V••••• A•••••••• L••
Latest filing Jul 23, 2026
First filing on the tape May 22, 2023 · 12 filings
SEC status approved since Jun 21, 2023
RAUM
$634M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$634M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$106M
derived; firm RAUM over IAPD count
Employees
6
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$634M as of Jul 23, 2026
Mar 26, 2024$487M then
HNW client RAUM$493M as of Jul 23, 2026
Mar 26, 2024$355M then
State-registered IARs (5.B.3)6 as of Jul 23, 2026
Mar 26, 20246 then
Employees (5.A)6 as of Jul 23, 2026
Mar 26, 20246 then
Private funds: no history
RAUM +4.4% over the last fiscal yearIARs 6 to 6
Practice profile
derived from the filing of Jul 23, 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
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $106MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 98derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.0MderivedHNW RAUM over HNW clients
- Average account
- $329,560derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +4.4%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -68%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Financial planning clients
- 590reportedItem 5.H
- Wrap fee program
- $634MreportedItem 5.I
- Custody
- $11.8M, 20 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$493M78%
- Individuals$141M22%
- Individual clients
- 428reported
- HNW clients
- 162reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,923reported
- Financial planning clients
- 590reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $11.8M for 20 clientsreported
- Compensation
- % of AUMreported
- 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
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| A•••••• J••••• S•••••••Certified Financial Planner | Sacramento, Ca | Jun 21, 2023 | 28 y | 3 |
| N••••••• D•••• S•••••••Certified Financial Planner | Sacramento, Ca | Jun 21, 2023 | 28 y | 3 |
| M••••• R••• H••••• | Sacramento, Ca | Jun 22, 2023 | 25 y | 1 |
| L•••• B• F•••••• L•••••••Certified Financial Planner | Stockton, Ca | May 14, 2024 | 11 y | 0 |
| T•••••• T••••••••• | Sacramento, Ca | May 2, 2025 | 14 y | 1 |
| P••••••• G••• P••••••• | Stockton, Ca | Mar 30, 2026 | 12 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 17% of current headcount2 left over 36 months
Left, latest
- S••• M•••••• O•••••• to E••••• A••••••• L••Jun 22, 2026 · RIA to RIA
- J•••••• A•• Z•••• to C••••• I••••••••• A••••••• L••May 1, 2025 · RIA to affiliated broker-dealer or bank
Joined, latest
- T•••••• T••••••••• from F••••••• P••••••• A•• W•••••••• A•••••••May 2, 2025 · Affiliated broker-dealer or bank to independent RIA
- J•••••• A•• Z•••• from W•••• F•••• A•••••••Jan 9, 2024 · Wirehouse to independent RIA
- S••• M•••••• O•••••• from R•••••• J•••• F•••••••• S••••••• A•••••••• I••Jun 22, 2023 · Affiliated broker-dealer or bank to a newly registered adviser
- M••••• R••• H••••• from R•••••• J•••• F•••••••• S••••••• A•••••••• I••Jun 22, 2023 · Affiliated broker-dealer or bank to a newly registered adviser
- A•••••• J••••• S••••••• from R•••••• J•••• F•••••••• S••••••• A•••••••• I••Jun 21, 2023 · Affiliated broker-dealer or bank to a newly registered adviser
- N••••••• D•••• S••••••• from R•••••• J•••• F•••••••• S••••••• A•••••••• I••Jun 21, 2023 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 4 joined from R•••••• J•••• F•••••••• S••••••• A•••••••• I••Jul 5, 2023 · Sacramento, Ca
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- S•••••••• A••••••• J••••• · Managing Partnercontrolsince 05/2023 · owns 50% to 75%
- S•••••••• N•••••••• D•••• · Managing Partnercontrolsince 05/2023 · owns 50% to 75%
- H•••••• M•••••• R••• · Chief Compliance Officersince 05/2023 · owns less than 5%
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 |
|---|---|---|---|---|---|
| Sacramento, Ca · principal | 6 | 1 | 1 | ||
| Stockton, Ca | 3 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Stockton, CA1 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Feb 5, 2026private 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 $607,185,950 to $633,744,497, advisors 6 to 6, private clients 1843 to 590, offices 1 to 1 (2025-04-25 to 2026-02-05)peers: independent wealth managers, $500M to $1B (1,482)
- HNW share shiftChange between filings · filing Feb 5, 2026HNW share of RAUM moved from 46.0% to 78.0% between the annual amendments of 2025-04-25 and 2026-02-05peers: independent wealth managers, $500M to $1B (1,482)
- client count collapseChange between filings · filing Feb 5, 2026individual and HNW clients (Item 5.D) moved from 1,843.0 to 590.0 (-68.0%) between the annual amendments of 2025-04-25 and 2026-02-05; the peer median change was +5.0% (1216 comparable advisers, 1.0th percentile of changes)peers: independent wealth managers, $500M to $1B (1,216) · 0.6% percentile
What changed
consecutive filings, newest first
- Accounts · 1,843 to 1,923Jun 24, 2025 to Feb 5, 2026
- HNW clients · 104 to 162Jun 24, 2025 to Feb 5, 2026
- Individual clients · 1,739 to 428Jun 24, 2025 to Feb 5, 2026
- Assets in custody · $10.7M to $11.8MJun 24, 2025 to Feb 5, 2026
- Financial planning clients · to More than 500Jun 24, 2025 to Feb 5, 2026
- Discretionary RAUM · $607M to $634MJun 24, 2025 to Feb 5, 2026
- HNW RAUM · $281M to $493MJun 24, 2025 to Feb 5, 2026
- Individual RAUM · $326M to $141MJun 24, 2025 to Feb 5, 2026
- RAUM · $607M to $634MJun 24, 2025 to Feb 5, 2026
- Financial planning clients · unset to Apr 25, 2025 to Jun 24, 2025
- Accounts · 1,842 to 1,843Jan 16, 2025 to Feb 25, 2025
- Advisory employees · 6 to 4Jan 16, 2025 to Feb 25, 2025
- HNW clients · 145 to 104Jan 16, 2025 to Feb 25, 2025
- Individual clients · 433 to 1,739Jan 16, 2025 to Feb 25, 2025
- Assets in custody · $60.0M to $10.7MJan 16, 2025 to Feb 25, 2025
- Discretionary RAUM · $475M to $607MJan 16, 2025 to Feb 25, 2025
- HNW RAUM · $355M to $281MJan 16, 2025 to Feb 25, 2025
- Individual RAUM · $132M to $326MJan 16, 2025 to Feb 25, 2025
- Non-discretionary RAUM · $12.7M to $0Jan 16, 2025 to Feb 25, 2025
- RAUM · $487M to $607MJan 16, 2025 to Feb 25, 2025
- Accounts · 1,914 to 1,842Oct 13, 2023 to Mar 26, 2024
- Advisory employees · 4 to 6Oct 13, 2023 to Mar 26, 2024
- HNW clients · 150 to 145Oct 13, 2023 to Mar 26, 2024
- Individual clients · 440 to 433Oct 13, 2023 to Mar 26, 2024
- Employees · 4 to 6Oct 13, 2023 to Mar 26, 2024
- State-registered IARs · 4 to 6Oct 13, 2023 to Mar 26, 2024
- Discretionary RAUM · $447M to $475MOct 13, 2023 to Mar 26, 2024
- HNW RAUM · $345M to $355MOct 13, 2023 to Mar 26, 2024
- Individual RAUM · $130M to $132MOct 13, 2023 to Mar 26, 2024
- Non-discretionary RAUM · $28.8M to $12.7MOct 13, 2023 to Mar 26, 2024
- RAUM · $475M to $487MOct 13, 2023 to Mar 26, 2024
- Accounts · 0 to 1,914Jul 1, 2023 to Oct 13, 2023
- HNW clients · unset to 150.0Jul 1, 2023 to Oct 13, 2023
- Individual clients · unset to 440.0Jul 1, 2023 to Oct 13, 2023
- Assets in custody · unset to 60000000.0Jul 1, 2023 to Oct 13, 2023
- Custody of client assets · false to trueJul 1, 2023 to Oct 13, 2023
- Discretionary RAUM · $0 to $447MJul 1, 2023 to Oct 13, 2023
- HNW RAUM · unset to 345077571.0Jul 1, 2023 to Oct 13, 2023
- Individual RAUM · unset to 130396518.0Jul 1, 2023 to Oct 13, 2023
- Non-discretionary RAUM · $0 to $28.8MJul 1, 2023 to Oct 13, 2023
Signals
4 dated events
- S••• M•••••• O•••••• left T•• S••••••• G•••• for E••••• A••••••• L•• (registered 2026-06-18)Jun 22, 2026 · Advisor changed firm · fact
- J•••••• A•• Z•••• left T•• S••••••• G•••• for C••••• I••••••••• A••••••• L•• (registered 2025-08-27)May 1, 2025 · Advisor changed firm · fact
- 4 advisors left R•••••• J•••• F•••••••• S••••••• A•••••••• I•• (Sacramento, CA) for T•• S••••••• G•••• within 7 daysJul 5, 2023 · Team lift-out · derived
- C•••••• V••••• A•••••••• L•• filed its initial SEC registration (Form ADV)May 22, 2023 · 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
- a••@t•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- c••••@t•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- p•••••@t•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- a•@t•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 209-426-0200reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 209-546-6101reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 209-546-6100reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/the-salvetti-groupreportedpublic record, Form ADV, Sep 19, 2026
- Website
- THES•••••••GROUP.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 916-414-8282reportedpublic record, Form ADV, Jul 23, 2026
- Contact form
- t•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- t•••••••••.comreportedpublished 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
- $106Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026