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
P•••••• P••• W••••• P•••••••• L••
Latest filing May 15, 2026
First filing on the tape Mar 21, 2023 · 12 filings
SEC status approved since Apr 21, 2023
RAUM
$1.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$1.2B individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$204M
derived; firm RAUM over IAPD count
Employees
8
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$1.2B as of May 15, 2026
Mar 6, 2024$814M then
HNW client RAUM$1.1B as of May 15, 2026
Mar 6, 2024$757M then
State-registered IARs (5.B.3)7 as of May 15, 2026
Mar 6, 20244 then
Employees (5.A)8 as of May 15, 2026
Mar 6, 20248 then
Private funds: 1
RAUM +11% over the last fiscal yearIARs 5 to 7
Practice profile
derived from the filing of May 15, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- ria with p•••••• funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $204MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 76derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.8MderivedHNW RAUM over HNW clients
- Average account
- $622,515derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 6.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +11%derivedbetween the last two annual amendments
- Advisor growth, one year
- +40%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -39%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for pooled vehicles, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $250M, 197 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$1.1B91%
- Individuals$89.0M7.3%
- Charitable organizations$15.1M1.2%
- Corporations and businesses$9.7M0.8%
- Individual clients
- 221reported
- HNW clients
- 233reported
- Pension plan clients
- n/areported
- Charitable clients
- 4reported
- Accounts
- 1,965reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $250M for 197 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.01 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 |
|---|---|---|---|---|
| P•••••• T••••• Y•••Certified Financial Planner | Madison, Nj | Apr 28, 2023 | 15 y | 2 |
| D•••• T••••• W•••••••••Certified Financial Planner | Madison, Nj | Apr 28, 2023 | 16 y | 1 |
| B•••• J•••• G••••Chartered Financial Analyst | Madison, Nj | May 1, 2023 | 21 y | 2 |
| M•••••• J••• L•••••Certified Financial Planner | Madison, Nj | May 1, 2023 | 30 y | 2 |
| R•••••• M•••• G••••• | Madison, Nj | Dec 13, 2024 | 11 y | 1 |
| J••••• A•••••• F••••••• | Madison, Nj | May 27, 2025 | 11 y | 1 |
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 headcount1 left over 36 months
Left, latest
- L•••• R••• K••••• to B•• W••••• S••••••••• L••Jan 8, 2025 · RIA to RIA
Joined, latest
- J••••• A•••••• F••••••• from M•• I•••••••• S•••••••• L••May 27, 2025 · Affiliated broker-dealer or bank to independent RIA
- R•••••• M•••• G••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Dec 13, 2024 · Wirehouse to independent RIA
- B•••• J•••• G•••• from O••••• S••••• I••••••••• P•••••••• L••May 1, 2023 · Other
- M•••••• J••• L••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••May 1, 2023 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- P•••••• T••••• Y••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Apr 28, 2023 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- D•••• T••••• W••••••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Apr 28, 2023 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- L•••• R••• K••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Apr 28, 2023 · Wirehouse to a newly registered adviser (no RAUM reported yet)
Teams: two or more advisors moving together within fourteen days, from one state
- 4 joined from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••May 1, 2023 · Florham Park, Nj
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| P•••••• P••• P•••••• A••••• F••• I• L••• | $0 | 0 | May 15, 2026 |
Owners and control persons
Schedule A and B, latest filing
- K•••••• L••••• R••• · Chief Administrative Officer, Chief Compliance Officercontrolsince 04/2023 · owns less than 5%
- L•••••• M••••••• J••• · Ceo, Founding Partnercontrolsince 04/2023 · owns less than 5%
- W••••••••• D••••• T••••• · Chief Operating Officer, Partnercontrolsince 04/2023 · owns less than 5%
- Y•••• P••••••• T••••• · Partnercontrolsince 04/2023 · owns less than 5%
- L•••••• M••••••• J••• · Ownercontrolsince 04/2023 · owns 75% or more of M•• F•••••••• H•••••••• L••
- G••••• B••••• J•••• · Chief Investment Officersince 02/2024 · owns less than 5%
Entity owners
- P•••••• P••• H•••••••• L•• · LLC - Ownerdirect · owns 75% or more
- M•• F•••••••• H•••••••• L•• · Ownerindirect · owns 75% or more of P•••••• P••• H•••••••• L••
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 |
|---|---|---|---|---|---|
| Madison, Nj · principal | 6 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- business activity changedChange between filings · filing May 15, 2026advises private funds (Item 7.B): no on the filing of 2026-02-19, yes on the filing of 2026-05-15peers: independent wealth managers, $1B to $5B (1,362)
- clients down average size upCombination · filing Feb 19, 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 $1,104,979,833 to $1,223,242,250, advisors 5 to 7, private clients 740 to 454, offices 0 to 0 (2025-03-28 to 2026-02-19)peers: independent wealth managers, $1B to $5B (1,362)
- account count surgeChange between filings · filing Feb 19, 2026accounts (Item 5.F.2.f) moved from 1,006.0 to 1,965.0 (+95.0%) between the annual amendments of 2025-03-28 and 2026-02-19; the peer median change was +6.0% (1206 comparable advisers, 95.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,206) · 95% percentile
- client count collapseChange between filings · filing Feb 19, 2026individual and HNW clients (Item 5.D) moved from 740.0 to 454.0 (-39.0%) between the annual amendments of 2025-03-28 and 2026-02-19; the peer median change was +5.0% (1132 comparable advisers, 2.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,132) · 1.9% percentile
What changed
consecutive filings, newest first
- Private funds · unset to 1Feb 19, 2026 to May 15, 2026
- Accounts · 1,006 to 1,965Mar 28, 2025 to Feb 19, 2026
- Advisory employees · 4 to 5Mar 28, 2025 to Feb 19, 2026
- Advisory activities · 4 to 5Mar 28, 2025 to Feb 19, 2026
- Corporate clients · 7 to 5Mar 28, 2025 to Feb 19, 2026
- HNW clients · 532 to 233Mar 28, 2025 to Feb 19, 2026
- Individual clients · 208 to 221Mar 28, 2025 to Feb 19, 2026
- Pension plan clients · 6.0 to unsetMar 28, 2025 to Feb 19, 2026
- Assets in custody · $394M to $250MMar 28, 2025 to Feb 19, 2026
- Custody of client assets · false to trueMar 28, 2025 to Feb 19, 2026
- Employees · 7 to 8Mar 28, 2025 to Feb 19, 2026
- Insurance-licensed employees · 1 to 0Mar 28, 2025 to Feb 19, 2026
- State-registered IARs · 5 to 7Mar 28, 2025 to Feb 19, 2026
- Discretionary RAUM · $1.1B to $1.2BMar 28, 2025 to Feb 19, 2026
- HNW RAUM · $969M to $1.1BMar 28, 2025 to Feb 19, 2026
- Individual RAUM · $102M to $89.0MMar 28, 2025 to Feb 19, 2026
- Pension RAUM · 12842823.0 to unsetMar 28, 2025 to Feb 19, 2026
- RAUM · $1.1B to $1.2BMar 28, 2025 to Feb 19, 2026
- Accounts · 1,622 to 1,006Jan 17, 2025 to Mar 28, 2025
- Corporate clients · 12 to 7Jan 17, 2025 to Mar 28, 2025
- HNW clients · 529 to 532Jan 17, 2025 to Mar 28, 2025
- Individual clients · 97 to 208Jan 17, 2025 to Mar 28, 2025
- Financial planning clients · 0 to 0Jan 17, 2025 to Mar 28, 2025
- Discretionary RAUM · $814M to $1.1BJan 17, 2025 to Mar 28, 2025
- HNW RAUM · $757M to $969MJan 17, 2025 to Mar 28, 2025
- Individual RAUM · $19.0M to $102MJan 17, 2025 to Mar 28, 2025
- Pension RAUM · $14.8M to $12.8MJan 17, 2025 to Mar 28, 2025
- RAUM · $814M to $1.1BJan 17, 2025 to Mar 28, 2025
- Employees · 8 to 7Jul 31, 2024 to Jan 17, 2025
- State-registered IARs · 4 to 5Jul 31, 2024 to Jan 17, 2025
- Accounts · 1,295 to 1,622Aug 15, 2023 to Mar 6, 2024
- Corporate clients · 9 to 12Aug 15, 2023 to Mar 6, 2024
- HNW clients · 507 to 529Aug 15, 2023 to Mar 6, 2024
- Individual clients · 58 to 97Aug 15, 2023 to Mar 6, 2024
- Pension plan clients · 4 to 6Aug 15, 2023 to Mar 6, 2024
- Assets in custody · unset to 393769452.0Aug 15, 2023 to Mar 6, 2024
- Employees · 6 to 8Aug 15, 2023 to Mar 6, 2024
- Discretionary RAUM · $717M to $814MAug 15, 2023 to Mar 6, 2024
- HNW RAUM · $673M to $757MAug 15, 2023 to Mar 6, 2024
- Individual RAUM · $10.0M to $19.0MAug 15, 2023 to Mar 6, 2024
Signals
9 dated events
- P•••••• P••• W••••• P•••••••• L•• reported RAUM $1.1B, up 36% from $814.5M (2025-01-17 to 2025-03-28)Mar 28, 2025 · RAUM change · derived
- L•••• R••• K••••• left P•••••• P••• W••••• P•••••••• L•• for B•• W••••• S••••••••• L•• (registered 2025-09-12)Jan 8, 2025 · Advisor changed firm · fact
- 4 advisors left M•••••• L••••• P•••••• F••••• • S•••• I••••••••• (Florham Park, NJ) for P•••••• P••• W••••• P•••••••• L•• a day apartMay 1, 2023 · Team lift-out · derived
- Garrett John Grafton (Chief Compliance Officer) no longer on Schedule A of P•••••• P••• W••••• P•••••••• L•• (listed 2023-04-10, absent 2023-04-28)Apr 28, 2023 · Control person left · inference
- John Michael Lehman (Ceo, Founding Partner) appeared on Schedule A of P•••••• P••• W••••• P•••••••• L••Apr 28, 2023 · Control person joined · fact
- T Derek Wittjohann (Chief Operating Officer, Partner) appeared on Schedule A of P•••••• P••• W••••• P•••••••• L••Apr 28, 2023 · Control person joined · fact
- R L•••• K••••• (Chief Administrative Officer, Chief Compliance Officer) appeared on Schedule A of P•••••• P••• W••••• P•••••••• L••Apr 28, 2023 · Control person joined · fact
- Thomas Patrick York (Partner) appeared on Schedule A of P•••••• P••• W••••• P•••••••• L••Apr 28, 2023 · Control person joined · fact
- P•••••• P••• W••••• P•••••••• L•• filed its initial SEC registration (Form ADV)Mar 21, 2023 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- P•••••• P••• W••••• P•••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/premierpathwealthreportedpublic record, Form ADV, Sep 18, 2026
- Website
- premierpath.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 973-671-6530reportedpublic record, Form ADV, May 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
- $204Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026