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
Stonepath Wealth Management
Legal name Spwm Advisors LLC
Latest filing Jun 29, 2026
First filing on the tape Nov 13, 2023 · 18 filings
SEC status approved since Jan 2, 2024
RAUM
$299M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$292M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$37.4M
derived; firm RAUM over IAPD count
Employees
13
9 advisory (5.B.1)
Offices
6
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$299M as of Jun 29, 2026
Apr 16, 2025$226M then
HNW client RAUM$165M as of Jun 29, 2026
Apr 16, 2025$136M then
State-registered IARs (5.B.3)9 as of Jun 29, 2026
Apr 16, 20259 then
Employees (5.A)13 as of Jun 29, 2026
Apr 16, 202512 then
Private funds: no history
RAUM +33% over the last fiscal yearIARs 9 to 9offices 5 to 6
Practice profile
derived from the filing of Jun 29, 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
- $37.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 71derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.7MderivedHNW RAUM over HNW clients
- Average account
- $492,527derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.6derivedItem 5.A over advisors
- Advisors per office
- 1.1derived7 offices incl. principal (1.F.5)
- RAUM growth, one year
- +33%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +4.6%derived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisers, otherreportedItem 5.G
- Custody
- $593,032, 1 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$165M55%
- Individuals$127M42%
- Corporations and businesses$3.7M1.2%
- Pension and profit-sharing plans$3.5M1.2%
- Charitable organizations$293,1180.1%
- Individual clients
- 472reported
- HNW clients
- 97reported
- Pension plan clients
- 19reported
- Charitable clients
- n/areported
- Accounts
- 608reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- $593,032 for 1 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
8 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Michael Dale Dreyer | Traverse City, Mi | Jan 2, 2024 | 23 y | 1 |
| Matthew Thomas Golba | Traverse City, Mi | Jan 2, 2024 | 17 y | 2 |
| Steven A Adams | Traverse City, Mi | Jan 2, 2024 | 14 y | 3 |
| Lauren Renee Golba | Traverse City, Mi | Jan 2, 2024 | 12 y | 1 |
| Nicholes Cain-Jayshoun Baldwin | Traverse City, Mi | Jan 2, 2024 | 13 y | 2 |
| Marc Herbert Ruemmler | Traverse City, Mi | Jan 2, 2024 | 10 y | 1 |
| Raymond William Beaird | Cadiz, Ky | Apr 17, 2024 | 27 y | 1 |
| Nolan Maximus Baldwin | Traverse City, Mi | Aug 4, 2025 | 11 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 13% of current headcount2 left over 36 months
Left, latest
- David Howard Knight to Signature Equity Partners, LLCSep 3, 2026 · RIA to RIA
- Thomas J Myers to Ameriprise Financial Services, LLCJul 2, 2025 · RIA to affiliated broker-dealer or bank
Joined, latest
- Raymond William Beaird from Packerland Brokerage Services, Inc.Apr 17, 2024 · RIA to RIA
- Thomas J Myers from Foguth Wealth Management, LLC.Feb 22, 2024 · RIA to a newly registered adviser
- Michael Dale Dreyer from Cambridge Investment Research Advisors, Inc.Jan 2, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- Matthew Thomas Golba from Cambridge Investment Research Advisors, Inc.Jan 2, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- Steven A Adams from Cambridge Investment Research Advisors, Inc.Jan 2, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- David Howard Knight from Cambridge Investment Research Advisors, Inc.Jan 2, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- Marc Herbert Ruemmler from Cambridge Investment Research Advisors, Inc.Jan 2, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- Lauren Renee Golba from Cambridge Investment Research Advisors, Inc.Jan 2, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- Nicholes Cain-Jayshoun Baldwin from Cambridge Investment Research Advisors, Inc.Jan 2, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 7 joined from Cambridge Investment Research Advisors, Inc.Dec 31, 2023 · Traverse City, Mi
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Renee Lauren Golba · Chief Compliance Officercontrolsince 11/2023 · owns less than 5%
- Thomas Matthew Golba · Managing Membercontrolsince 11/2023 · owns less than 5%
- Renee Lauren Golba · Presidentcontrolsince 11/2018 · owns 75% or more of Lrg Financial, Inc.
- Thomas Matthew Golba · Presidentcontrolsince 06/2018 · owns 75% or more of Prestige Worldwide Enterprises Inc
Entity owners
- Lrg Financial, Inc. · Ownerdirect · owns 25% to 50%
- Prestige Worldwide Enterprises Inc · Ownerdirect · owns 25% to 50%
Related persons
Schedule D 7.A
- Spwm Insurance Agency LLCreal estatey
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Traverse City, Mi · principal | 7 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Alpena, MI1 employees
- Holland, MI1 employees
- Milford, MI1 employees
- Sandusky, MI1 employees
- , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- account count collapseChange between filings · filing Feb 24, 2026accounts (Item 5.F.2.f) moved from 1,100.0 to 608.0 (-45.0%) between the annual amendments of 2025-04-16 and 2026-02-24; the peer median change was +5.0% (3688 comparable advisers, 3.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,688) · 3.4% percentile
What changed
consecutive filings, newest first
- Other offices · 5 to 6May 26, 2026 to Jun 29, 2026
- Accounts · 1,100 to 608Aug 28, 2025 to Feb 24, 2026
- Corporate clients · 10 to 18Aug 28, 2025 to Feb 24, 2026
- HNW clients · 61 to 97Aug 28, 2025 to Feb 24, 2026
- Individual clients · 483 to 472Aug 28, 2025 to Feb 24, 2026
- Pension plan clients · unset to 19.0Aug 28, 2025 to Feb 24, 2026
- Assets in custody · unset to 593032.0Aug 28, 2025 to Feb 24, 2026
- Custody of client assets · false to trueAug 28, 2025 to Feb 24, 2026
- Employees · 12 to 13Aug 28, 2025 to Feb 24, 2026
- Discretionary RAUM · $226M to $299MAug 28, 2025 to Feb 24, 2026
- HNW RAUM · $136M to $165MAug 28, 2025 to Feb 24, 2026
- Individual RAUM · $79.0M to $127MAug 28, 2025 to Feb 24, 2026
- Pension RAUM · $7.1M to $3.5MAug 28, 2025 to Feb 24, 2026
- RAUM · $226M to $299MAug 28, 2025 to Feb 24, 2026
- Accounts · 965 to 1,100Oct 7, 2024 to Apr 16, 2025
- Advisory employees · 7 to 9Oct 7, 2024 to Apr 16, 2025
- Advisory activities · 4 to 5Oct 7, 2024 to Apr 16, 2025
- Corporate clients · 7 to 10Oct 7, 2024 to Apr 16, 2025
- HNW clients · 77 to 61Oct 7, 2024 to Apr 16, 2025
- Individual clients · 321 to 483Oct 7, 2024 to Apr 16, 2025
- Employees · 11 to 12Oct 7, 2024 to Apr 16, 2025
- Financial planning clients · 0 to 11-25Oct 7, 2024 to Apr 16, 2025
- State-registered IARs · 7 to 9Oct 7, 2024 to Apr 16, 2025
- Discretionary RAUM · $178M to $226MOct 7, 2024 to Apr 16, 2025
- HNW RAUM · $113M to $136MOct 7, 2024 to Apr 16, 2025
- Individual RAUM · $64.2M to $79.0MOct 7, 2024 to Apr 16, 2025
- Pension RAUM · unset to 7138970.0Oct 7, 2024 to Apr 16, 2025
- RAUM · $178M to $226MOct 7, 2024 to Apr 16, 2025
- Accounts · 0 to 965Mar 8, 2024 to Apr 16, 2024
- Corporate clients · unset to 7.0Mar 8, 2024 to Apr 16, 2024
- HNW clients · unset to 77.0Mar 8, 2024 to Apr 16, 2024
- Individual clients · unset to 321.0Mar 8, 2024 to Apr 16, 2024
- Other offices · 4 to 5Mar 8, 2024 to Apr 16, 2024
- Discretionary RAUM · $0 to $178MMar 8, 2024 to Apr 16, 2024
- HNW RAUM · unset to 112780000.0Mar 8, 2024 to Apr 16, 2024
- Individual RAUM · unset to 64171559.0Mar 8, 2024 to Apr 16, 2024
- RAUM · $0 to $178MMar 8, 2024 to Apr 16, 2024
- Advisory employees · 11 to 7Dec 11, 2023 to Jan 2, 2024
- Employees · 14 to 11Dec 11, 2023 to Jan 2, 2024
- State-registered IARs · 11 to 7Dec 11, 2023 to Jan 2, 2024
Signals
5 dated events
- David Howard Knight left Stonepath Wealth Management for Signature Equity Partners, Llc (registered 2026-09-01)Sep 3, 2026 · Advisor changed firm · fact
- Thomas J Myers left Stonepath Wealth Management for Ameriprise Financial Services, Llc (registered 2025-07-16)Jul 2, 2025 · Advisor changed firm · fact
- 7 advisors left Cambridge Investment Research Advisors, Inc. (Traverse City, MI) for Stonepath Wealth Management on the same dayDec 31, 2023 · Team lift-out · derived
- Michael Harrison Kennard (Managing Member) no longer on Schedule A of Stonepath Wealth Management (listed 2023-12-08, absent 2023-12-11)Dec 11, 2023 · Control person left · inference
- Stonepath Wealth Management filed its initial SEC registration (Form ADV)Nov 13, 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
- 231-668-6999reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 231-943-1247reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 248-529-6288reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/stonepath-wealth-managementreportedpublic record, Form ADV, Sep 17, 2026
- Website
- stonepathwm.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (231) 668-6999reportedpublic record, Form ADV, Jun 29, 2026
- Contact form
- stonepathwm.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- stonepathwm.com/teamreportedpublished 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
- $37.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026