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
D••••••••• L••
Legal name D••••••••• E••••••••• L••
Latest filing Aug 4, 2026
First filing on the tape Jun 21, 2024 · 13 filings
SEC status approved since Aug 5, 2024
RAUM
$2.8B
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
95%
$2.7B individuals and HNW
Advisors
30
registered through the firm on IAPD
RAUM per advisor
$93.0M
derived; firm RAUM over IAPD count
Employees
53
34 advisory (5.B.1)
Offices
11
beyond the principal office
Private funds
1
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$2.8B as of Aug 4, 2026
Mar 27, 2025$2.1B then
HNW client RAUM$2.2B as of Aug 4, 2026
Mar 27, 2025$1.6B then
State-registered IARs (5.B.3)25 as of Aug 4, 2026
Mar 27, 202518 then
Employees (5.A)53 as of Aug 4, 2026
Mar 27, 202545 then
Private funds1 as of Aug 4, 2026
Mar 27, 20251 then
RAUM +34% over the last fiscal yearIARs 18 to 25offices 5 to 11
Practice profile
derived from the filing of Aug 4, 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
- Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $93.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 66derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.7MderivedHNW RAUM over HNW clients
- Average account
- $424,829derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 2.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.8derivedItem 5.A over advisors
- Advisors per office
- 2.5derived12 offices incl. principal (1.F.5)
- RAUM growth, one year
- +34%derivedbetween the last two annual amendments
- Advisor growth, one year
- +39%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +16%derived
- Compensation
- percentage of assets, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, selection of other advisersreportedItem 5.G
- Financial planning clients
- 1,982reportedItem 5.H
- Wrap fee program
- $613MreportedItem 5.I
- Custody
- $225M, 389 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Firms absorbed, 24 months
- 2derivedhalf or more of a firm's advisors moved here within 14 days
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is an insurance broker or agent (6.A.6)
- 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)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$2.2B80%
- Individuals$440M16%
- Pension and profit-sharing plans$62.4M2.2%
- Pooled investment vehicles$48.4M1.7%
- Corporations and businesses$20.1M0.7%
- Individual clients
- 1,154reported
- HNW clients
- 828reported
- Pension plan clients
- 11reported
- Charitable clients
- n/areported
- Accounts
- 6,570reported
- Financial planning clients
- 1,982reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $225M for 389 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.95 fund_share=0.02 institutional_share=0.02 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
29 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M•••••• A•••• F•••••Certified Financial Planner | Wilmington, De | Aug 5, 2024 | 23 y | 3 |
| A••••• S•••• R••••Certified Financial Planner | Margate, Nj | Aug 5, 2024 | 22 y | 2 |
| D•••• P•••••• L•••Certified Financial Planner | Wilmington, De | Aug 5, 2024 | 19 y | 1 |
| C•••• T••••• S•••••••••Certified Financial Planner | Wayne, Pa | Aug 5, 2024 | 14 y | 2 |
| R•••• R•••••••Certified Financial Planner | Wilmington, De | Aug 5, 2024 | 18 y | 6 |
| T••••• M•••••• E••••Certified Financial Planner | Wilmington, De | Aug 5, 2024 | 14 y | 1 |
| P•••• J• H••••••••• | Wayne, Pa | Aug 5, 2024 | 10 y | 2 |
| M•• B•••••Certified Financial Planner | Wilmington, De | Aug 5, 2024 | 10 y | 2 |
| S•••••• C••••••••• W••••••Certified Financial Planner | Wayne, Pa | Aug 5, 2024 | 21 y | 5 |
| M••••• T•••• M••••••Certified Financial Planner | Mountain Brook, Al | Aug 5, 2024 | 21 y | 3 |
| K••• H•••Certified Financial Planner | Wilmington, De | Aug 5, 2024 | 26 y | 3 |
| J•••• C• F•••••Certified Financial Planner | Wilmington, De | Aug 5, 2024 | 18 y | 2 |
| W•••••• E•••••• T••••••• | Wayne, Pa | Aug 6, 2024 | 25 y | 2 |
| M•••••• R••••• S••••Certified Financial Planner | Alpharetta, Ga | Aug 8, 2024 | 18 y | 3 |
| T•••• R••••• P•••••••Chartered Financial Analyst | Wayne, Pa | May 22, 2025 | 13 y | 1 |
| A••••• D•••• H••••• | Wilmington, De | Sep 1, 2025 | 13 y | 0 |
| J••••••• F•••••• C•••••Certified Financial Planner | Wilmington, De | Sep 26, 2025 | 10 y | 2 |
| S••••• L••• B•••• | Wexford, Pa | Dec 1, 2025 | 11 y | 1 |
| S•••• R••••• B••••Certified Financial Planner | Wilmington, De | Dec 1, 2025 | 21 y | 2 |
| R••••• G••• B•••• | Scottsdale, Az | Dec 1, 2025 | 28 y | 2 |
| J•••• K••• P••••••Chartered Financial Analyst | Wilmington, De | Feb 2, 2026 | 33 y | 3 |
| R••••• N••••• P•••••• | Ann Arbor, Mi | Feb 2, 2026 | 40 y | 2 |
| N••••••• M•••••• A•••••Certified Financial Planner | Ann Arbor, Mi | Feb 2, 2026 | 13 y | 1 |
| L••• J•••• M•• | Alpharetta, Ga | Mar 11, 2026 | 11 y | 1 |
| S•••• F•••••• L••••••Chartered Financial Analyst | Wayne, Pa | May 18, 2026 | 23 y | 1 |
| J••••••• M•••••• W••••••• | Wilmington, De | Jun 17, 2026 | 10 y | 0 |
| W•••••• G•••••• B•••••• | Wilmington, De | Jul 24, 2026 | 10 y | 1 |
| A•••• I•••• B•••••• | Raleigh, Nc | Jul 28, 2026 | 27 y | 5 |
| J••• D•••• A•••••••Certified Financial Planner | Wilmington, De | Sep 3, 2026 | 37 y | 1 |
Advisor movement
3 left, 12 joined in 12 months
net +9 in 12 months1 left in 90 days3 joined in 90 daysdeparture rate 10% of current headcount4 left over 36 months
Left, latest
- A•••••• B•••••• to C•••••• F•••••••• G••••• L••Sep 17, 2026 · RIA to RIA
- M•••••• T••• H•••••• to L•••••• S••••• A•••••••Apr 1, 2026 · RIA to RIA
- J•••••• L•• A•••• to J••••• M••••••••• S•••• L••Dec 11, 2025 · RIA to affiliated broker-dealer or bank
- J•••• W••••• to C••••• I••••••••• A••••••• L••Aug 12, 2025 · RIA to affiliated broker-dealer or bank
Joined, latest
- J••• D•••• A••••••• from S•• I••••••••• M••••••••• C•••Sep 3, 2026 · Other
- A•••• I•••• B•••••• from C••••• I••••••••• A••••••• L••Jul 28, 2026 · Affiliated broker-dealer or bank to independent RIA
- W•••••• G•••••• B•••••• from C••••• I••••••••• A••••••• L••Jul 24, 2026 · Affiliated broker-dealer or bank to independent RIA
- S•••• F•••••• L•••••• from V•••• I••••••••• L••May 18, 2026 · Other
- L••• J•••• M•• from F•••••• F•••••••• A•••••••• L••Mar 11, 2026 · Affiliated broker-dealer or bank to independent RIA
- J•••• K••• P•••••• from P•••••• I••••••••• A•••••••• L••Feb 2, 2026 · RIA to RIA
- N••••••• M•••••• A••••• from P•••••• I••••••••• A•••••••• L••Feb 2, 2026 · RIA to RIA
- R••••• N••••• P•••••• from P•••••• I••••••••• A•••••••• L••Feb 2, 2026 · RIA to RIA
- S•••• R••••• B•••• from G••••• W••••• M••••••••• I•••Dec 1, 2025 · Affiliated broker-dealer or bank to independent RIA
- S••••• L••• B•••• from G••••• W••••• M••••••••• I•••Dec 1, 2025 · Affiliated broker-dealer or bank to independent RIA
- R••••• G••• B•••• from G••••• W••••• M••••••••• I•••Dec 1, 2025 · Affiliated broker-dealer or bank to independent RIA
- J••••••• F•••••• C••••• from C•••••••• W••••• A•••••••• L••Sep 26, 2025 · RIA to RIA
- T•••• R••••• P••••••• from N•••••••• L••May 22, 2025 · RIA to RIA
- W•••••• E•••••• T••••••• from B••••••••• W••••• A•••••••• L••Aug 6, 2024 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from C••••• I••••••••• A••••••• L••Jul 24, 2026 · Raleigh, Nc
- 3 joined from P•••••• I••••••••• A•••••••• L••Feb 26, 2026 · Ann Arbor, Mi · Firm absorbed
- 3 joined from G••••• W••••• M••••••••• I•••Dec 2, 2025 · Wexford, Pa
- 11 joined from D••••••••• L••Nov 4, 2024 · Wilmington, De · Firm absorbed
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| C••• M••••••••• L••• I• | Other Private Fund | $48.4M | 5 | Mar 30, 2023 |
Owners and control persons
Schedule A and B, latest filing
- F•••••• M••••••• A•••• · Chief Executive Officercontrolsince 07/2024 · owns 5% to 10%
- L•••• D••••• P•••••• · Chief Compliance Officercontrolsince 07/2024 · owns less than 5%
- R••••• A•••••• S•••• · Presidentcontrolsince 07/2024 · owns 25% to 50%
- L•••• D••••• P•••••• · Managing Membercontrolsince 07/2024 · owns 25% to 50% of D••••••••• P•••• L••
- L•••• D••••• P•••••• · Managing Membercontrolsince 07/2024 · owns 50% to 75% of D••••••••• L••
- R••••• A•••••• S•••• · Managing Membercontrolsince 07/2024 · owns 50% to 75% of D••••••••• P•••• L••
- R••••• A•••••• S•••• · Managing Membercontrolsince 07/2024 · owns 50% to 75% of D••••••••• L••
- H•••• K••• · Senior Wealth Advisor/Senior Partnersince 03/2025 · owns 10% to 25%
- H••••••• M••••••• T••• · Chief Investment Officersince 07/2024 · owns less than 5%
- L••••••••• A•••••• · Chief Operating Officersince 07/2024 · owns less than 5%
- L••••••• S••••• F•••••• · Chief Investment Officersince 05/2026 · owns less than 5%
Entity owners
- D••••••••• P•••• L•• · Ownerdirect · owns 25% to 50%
- D••••••••• L•• · Ownerdirect · owns 25% to 50%
Related persons
Schedule D 7.A
- D••••••••• I••••••••• L••real estatey
- D••••••••• T••• L••insurancey
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Wilmington, De · principal | 29 | 13 | 2 | ||
| Wayne, Pa | 8 | 3 | 1 | ||
| Ann Arbor, Mi | 3 | 3 | 0 | ||
| Alpharetta, Ga | 2 | 1 | 0 | ||
| Wexford, Pa | 2 | 2 | 0 | ||
| Mountain Brook, Al | 2 | 0 | 0 | ||
| Raleigh, Nc | 2 | 2 | 0 | ||
| East Boston, Ma | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Wayne, PA8 employees
- Northampton, MA4 employees
- Alpharetta, GA2 employees
- Mountain Brook, AL2 employees
- , 1 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Aug 4, 2026R••••• A•••••• S•••• (PRESIDENT) left Schedule A between the filings of 2024-06-21 and 2026-08-04peers: independent wealth managers, $1B to $5B (1,362)
- growth on all axesCombination · filing Mar 22, 2026RAUM, offices and advisors all grew 25 percent or more in one year: a platform in expansion or an acquisition. RAUM $2,080,500,590 to $2,791,127,378, advisors 18 to 25, private clients 1704 to 1982, offices 5 to 10 (2025-03-27 to 2026-03-22)peers: independent wealth managers, $1B to $5B (1,362)
- office count surgeChange between filings · filing Mar 22, 2026offices other than the principal office (Item 1.F.5) moved from 5.0 to 10.0 (+100.0%) between the annual amendments of 2025-03-27 and 2026-03-22; the peer median change was 0.0% (379 comparable advisers, 97.0th percentile of changes)peers: independent wealth managers, $1B to $5B (379) · 97% percentile
What changed
consecutive filings, newest first
- Other offices · 10 to 11Jul 20, 2026 to Aug 4, 2026
- Accounts · 5,494 to 6,570Feb 4, 2026 to Mar 22, 2026
- Advisory employees · 28 to 34Feb 4, 2026 to Mar 22, 2026
- Corporate clients · 9 to 8Feb 4, 2026 to Mar 22, 2026
- HNW clients · 646 to 828Feb 4, 2026 to Mar 22, 2026
- Individual clients · 1,058 to 1,154Feb 4, 2026 to Mar 22, 2026
- Pension plan clients · 9 to 11Feb 4, 2026 to Mar 22, 2026
- Assets in custody · $181M to $225MFeb 4, 2026 to Mar 22, 2026
- Employees · 45 to 53Feb 4, 2026 to Mar 22, 2026
- State-registered IARs · 18 to 25Feb 4, 2026 to Mar 22, 2026
- Discretionary RAUM · $2.0B to $2.7BFeb 4, 2026 to Mar 22, 2026
- HNW RAUM · $1.6B to $2.2BFeb 4, 2026 to Mar 22, 2026
- Individual RAUM · $401M to $440MFeb 4, 2026 to Mar 22, 2026
- Non-discretionary RAUM · $55.7M to $64.3MFeb 4, 2026 to Mar 22, 2026
- Pension RAUM · $39.0M to $62.4MFeb 4, 2026 to Mar 22, 2026
- Pooled vehicle RAUM · $46.5M to $48.4MFeb 4, 2026 to Mar 22, 2026
- RAUM · $2.1B to $2.8BFeb 4, 2026 to Mar 22, 2026
- Other offices · 9 to 10Dec 1, 2025 to Feb 4, 2026
- Other offices · 7 to 9Sep 26, 2025 to Dec 1, 2025
- Other offices · 5 to 7Mar 27, 2025 to Sep 26, 2025
- Accounts · 4,562 to 5,494Oct 14, 2024 to Mar 27, 2025
- Advisory employees · 25 to 28Oct 14, 2024 to Mar 27, 2025
- Corporate clients · 3 to 9Oct 14, 2024 to Mar 27, 2025
- HNW clients · 463 to 646Oct 14, 2024 to Mar 27, 2025
- Individual clients · 1,016 to 1,058Oct 14, 2024 to Mar 27, 2025
- Pension plan clients · 8 to 9Oct 14, 2024 to Mar 27, 2025
- Assets in custody · $185M to $181MOct 14, 2024 to Mar 27, 2025
- Employees · 41 to 45Oct 14, 2024 to Mar 27, 2025
- Financial planning clients · More than 500 to More than 500Oct 14, 2024 to Mar 27, 2025
- State-registered IARs · 17 to 18Oct 14, 2024 to Mar 27, 2025
- Discretionary RAUM · $1.4B to $2.0BOct 14, 2024 to Mar 27, 2025
- HNW RAUM · $1.1B to $1.6BOct 14, 2024 to Mar 27, 2025
- Individual RAUM · $404M to $401MOct 14, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $107M to $55.7MOct 14, 2024 to Mar 27, 2025
- Pension RAUM · $35.2M to $39.0MOct 14, 2024 to Mar 27, 2025
- Pooled vehicle RAUM · $36.3M to $46.5MOct 14, 2024 to Mar 27, 2025
- RAUM · $1.6B to $2.1BOct 14, 2024 to Mar 27, 2025
- Succession · true to falseJun 21, 2024 to Sep 23, 2024
Signals
12 dated events
- A•••••• B•••••• left D••••••••• L•• for C•••••• F•••••••• G••••• L•• (registered 2026-09-16)Sep 17, 2026 · Advisor changed firm · fact
- 2 advisors left C••••• I••••••••• A••••••• L•• (Raleigh, NC) for D••••••••• L•• on the same dayJul 24, 2026 · Team lift-out · derived
- M•••••• T••• H•••••• left D••••••••• L•• for L•••••• S••••• A••••••• (registered 2026-04-16)Apr 1, 2026 · Advisor changed firm · fact
- D••••••••• L•• reported RAUM $2.8B, up 34% from $2.1B (2026-02-04 to 2026-03-22)Mar 22, 2026 · RAUM change · derived
- P•••••• I••••••••• A•••••••• L••'s advisors moved to D••••••••• L•• (Ann Arbor, MI): 3 of 3 registered, on the same dayFeb 26, 2026 · Firm absorbed (people side) · derived
- J•••••• L•• A•••• left D••••••••• L•• for J••••• M••••••••• S•••• L•• (registered 2026-01-30)Dec 11, 2025 · Advisor changed firm · fact
- 3 advisors left G••••• W••••• M••••••••• I••• (Wexford, PA) for D••••••••• L•• on the same dayDec 2, 2025 · Team lift-out · derived
- J•••• W••••• left D••••••••• L•• for C••••• I••••••••• A••••••• L•• (registered 2026-01-25)Aug 12, 2025 · Advisor changed firm · fact
- D••••••••• L•• reported RAUM $2.1B, up 34% from $1.6B (2024-10-14 to 2025-03-27)Mar 27, 2025 · RAUM change · derived
- D••••••••• L••'s advisors moved to D••••••••• L•• (Wilmington, DE): 12 of 15 registered, on the same dayNov 4, 2024 · Firm absorbed (people side) · derived
- D••••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)Jun 21, 2024 · Succession (Item 4) · fact
- D••••••••• L•• filed its initial SEC registration (Form ADV)Jun 21, 2024 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- D••••••••• L•• · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Business phone
- 205-408-3000reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 302-765-3500reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 413-551-6631reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/diversifiedllcreportedpublic record, Form ADV, Sep 18, 2026
- Website
- diversifiedllc.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 302-765-3500reportedpublic record, Form ADV, Aug 4, 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
- $93.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026