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

W••••••••• F•••••••• A••••••• L••

Independent wealth managerFort Myers, FloridaCRD 325012SEC 801-127693websiteIAPD
Latest filing Jul 7, 2026
First filing on the tape Mar 20, 2023 · 20 filings
SEC status approved since Apr 20, 2023
RAUM
$262M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
96%
$251M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$87.5M
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
20 filings and snapshots on the tape
RAUM$262M as of Jul 7, 2026
Feb 21, 2024$181M then
HNW client RAUM$177M as of Jul 7, 2026
Feb 21, 2024$113M then
State-registered IARs (5.B.3)3 as of Jul 7, 2026
Feb 21, 20241 then
Employees (5.A)5 as of Jul 7, 2026
Feb 21, 20246 then
Private funds: no history
RAUM +16% over the last fiscal yearIARs 1 to 3
Practice profile
derived from the filing of Jul 7, 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
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$87.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
95derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.6MderivedHNW RAUM over HNW clients
Average account
$275,133derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
0.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+16%derivedbetween the last two annual amendments
Advisor growth, one year
+200%derivedItem 5.B.3 between annual amendments
Client growth, one year
+1.4%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$177M68%
  • Individuals$73.5M28%
  • Corporations and businesses$9.2M3.5%
  • Pension and profit-sharing plans$2.4M0.9%
Individual clients
218reported
HNW clients
67reported
Pension plan clients
1reported
Charitable clients
0reported
Accounts
954reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.96 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J•••• S••••• G••••••••Fort Myers, FlMay 19, 202317 y2
A••• R•••••• D••••••Fort Myers, FlJun 8, 202314 y1
P•••••• T••••• M••••••Fort Myers, FlOct 10, 202411 y0
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
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • G••••••••• J••••• S••••• · Presidentcontrol
      since 01/2023 · owns 75% or more
    • M••••• K••••• A•• · Chief Compliance Officer
      since 01/2024 · 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
    OfficeAdvisorsJoinedLeftTeams outForming
    Fort Myers, Fl · principal300
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 901 to 954
      Jul 15, 2025 to Jan 22, 2026
    • Corporate clients · 6 to 5
      Jul 15, 2025 to Jan 22, 2026
    • HNW clients · 58 to 67
      Jul 15, 2025 to Jan 22, 2026
    • Individual clients · 223 to 218
      Jul 15, 2025 to Jan 22, 2026
    • Financial planning clients · 26-50 to 51-100
      Jul 15, 2025 to Jan 22, 2026
    • Discretionary RAUM · $223M to $260M
      Jul 15, 2025 to Jan 22, 2026
    • HNW RAUM · $153M to $177M
      Jul 15, 2025 to Jan 22, 2026
    • Individual RAUM · $62.1M to $73.5M
      Jul 15, 2025 to Jan 22, 2026
    • Non-discretionary RAUM · $2.7M to $2.4M
      Jul 15, 2025 to Jan 22, 2026
    • Pension RAUM · $2.0M to $2.4M
      Jul 15, 2025 to Jan 22, 2026
    • RAUM · $226M to $262M
      Jul 15, 2025 to Jan 22, 2026
    • Employees · 6 to 5
      Apr 21, 2025 to Jul 15, 2025
    • Financial planning clients · 26-50 to 26-50
      Apr 21, 2025 to Jul 15, 2025
    • State-registered IARs · 1 to 3
      Apr 21, 2025 to Jul 15, 2025
    • Accounts · 821 to 901
      Dec 12, 2024 to Feb 24, 2025
    • HNW clients · 45 to 58
      Dec 12, 2024 to Feb 24, 2025
    • Individual clients · 186 to 223
      Dec 12, 2024 to Feb 24, 2025
    • Financial planning clients · 0 to 26-50
      Dec 12, 2024 to Feb 24, 2025
    • Discretionary RAUM · $174M to $223M
      Dec 12, 2024 to Feb 24, 2025
    • HNW RAUM · $113M to $153M
      Dec 12, 2024 to Feb 24, 2025
    • Individual RAUM · $59.3M to $62.1M
      Dec 12, 2024 to Feb 24, 2025
    • Non-discretionary RAUM · $7.3M to $2.7M
      Dec 12, 2024 to Feb 24, 2025
    • Pension RAUM · $1.7M to $2.0M
      Dec 12, 2024 to Feb 24, 2025
    • RAUM · $181M to $226M
      Dec 12, 2024 to Feb 24, 2025
    • Advisory employees · 4 to 3
      Nov 18, 2024 to Dec 12, 2024
    • Employees · 7 to 6
      Nov 18, 2024 to Dec 12, 2024
    • State-registered IARs · 2 to 1
      Nov 18, 2024 to Dec 12, 2024
    • Advisory employees · 3 to 4
      Jun 17, 2024 to Nov 18, 2024
    • Employees · 6 to 7
      Jun 17, 2024 to Nov 18, 2024
    • State-registered IARs · 1 to 2
      Jun 17, 2024 to Nov 18, 2024
    • Accounts · 860 to 821
      Jan 26, 2024 to Feb 21, 2024
    • Corporate clients · 0 to 6
      Jan 26, 2024 to Feb 21, 2024
    • HNW clients · 20 to 45
      Jan 26, 2024 to Feb 21, 2024
    • Individual clients · 260 to 186
      Jan 26, 2024 to Feb 21, 2024
    • Pension plan clients · 0 to 1
      Jan 26, 2024 to Feb 21, 2024
    • Discretionary RAUM · $170M to $174M
      Jan 26, 2024 to Feb 21, 2024
    • HNW RAUM · $75.0M to $113M
      Jan 26, 2024 to Feb 21, 2024
    • Individual RAUM · $95.0M to $59.3M
      Jan 26, 2024 to Feb 21, 2024
    • Non-discretionary RAUM · $0 to $7.3M
      Jan 26, 2024 to Feb 21, 2024
    • Pension RAUM · $0 to $1.7M
      Jan 26, 2024 to Feb 21, 2024
    Signals
    1 dated events
    • W••••••••• F•••••••• A••••••• L•• filed its initial SEC registration (Form ADV)
      Mar 20, 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 phone
    239-288-0977reportedpublished by the firm, firm site, Sep 16, 2026
    Firm profile
    linkedin.com/company/waterstonefs?trk=public_profile_topcardreportedpublic record, Form ADV, Sep 19, 2026
    Website
    w•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
    Principal office phone
    239-288-0977reportedpublic record, Form ADV, Jul 7, 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
    $87.5Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026