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
Pandora Wealth, Inc.
Latest filing Jul 30, 2026
First filing on the tape Jun 5, 2024 · 6 filings
SEC status approved since Jul 5, 2024
RAUM
$285M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
100%
$284M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$95.0M
derived; firm RAUM over IAPD count
Employees
7
4 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
6 filings and snapshots on the tape
RAUM$285M as of Jul 30, 2026
Mar 30, 2025$236M then
HNW client RAUM$267M as of Jul 30, 2026
Mar 30, 2025$216M then
State-registered IARs (5.B.3)3 as of Jul 30, 2026
Mar 30, 20253 then
Employees (5.A)7 as of Jul 30, 2026
Mar 30, 20254 then
Private funds: no history
RAUM +21% over the last fiscal yearIARs 3 to 3offices 1 to 3
Practice profile
derived from the filing of Jul 30, 2026; every figure names its basis
Archetypes, each a printed rule
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $95.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 35derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.1MderivedHNW RAUM over HNW clients
- Average account
- $2.6MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 0.8derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +21%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -18%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- Wrap fee program
- $204MreportedItem 5.I
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Firms absorbed, 24 months
- 1derivedhalf 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
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$267M94%
- Individuals$16.6M5.8%
- Corporations and businesses$700,0000.2%
- Pension and profit-sharing plans$350,0000.1%
- Individual clients
- 20reported
- HNW clients
- 85reported
- Pension plan clients
- 1reported
- Charitable clients
- 0reported
- Accounts
- 109reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- 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
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| David Chien Tsow | San Diego, Ca | Jul 17, 2024 | 25 y | 4 |
| Sergio De La Torre | Roswell, Ga | Nov 21, 2024 | 20 y | 3 |
| Stephen Albert Greco | Las Vegas, Nv | Mar 2, 2026 | 24 y | 8 |
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
- Sergio De La Torre from Spotlight Asset GroupNov 21, 2024 · RIA to RIA
- David Chien Tsow from Spotlight Asset GroupJul 17, 2024 · RIA to RIA
- Stephen Albert Greco from Spotlight Asset GroupJul 17, 2024 · RIA to RIA
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from Spotlight Asset GroupNov 22, 2024 · Oakbrook Terrace, Il · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Albert Stephen Greco · President, Chief Executive Officer & Chief Compliance Officercontrolsince 06/2024 · owns 75% or more
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 |
|---|---|---|---|---|---|
| Las Vegas, Nv · principal | 3 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- San Diego, CA1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- account count collapseChange between filings · filing Mar 19, 2026accounts (Item 5.F.2.f) moved from 453.0 to 109.0 (-76.0%) between the annual amendments of 2025-03-30 and 2026-03-19; the peer median change was +5.0% (3688 comparable advisers, 0.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,688) · 0.5% percentile
What changed
consecutive filings, newest first
- HQ city · OAKBROOK TERRACE to LAS VEGASMar 19, 2026 to Jul 30, 2026
- HQ state · IL to NVMar 19, 2026 to Jul 30, 2026
- Other offices · 1 to 3Mar 19, 2026 to Jul 30, 2026
- Accounts · 453 to 109Mar 30, 2025 to Mar 19, 2026
- Advisory employees · 3 to 4Mar 30, 2025 to Mar 19, 2026
- HNW clients · 58 to 85Mar 30, 2025 to Mar 19, 2026
- Individual clients · 70 to 20Mar 30, 2025 to Mar 19, 2026
- Employees · 4 to 7Mar 30, 2025 to Mar 19, 2026
- Discretionary RAUM · $221M to $277MMar 30, 2025 to Mar 19, 2026
- HNW RAUM · $216M to $267MMar 30, 2025 to Mar 19, 2026
- Individual RAUM · $18.9M to $16.6MMar 30, 2025 to Mar 19, 2026
- Non-discretionary RAUM · $15.0M to $7.6MMar 30, 2025 to Mar 19, 2026
- Pension RAUM · $300,000 to $350,000Mar 30, 2025 to Mar 19, 2026
- RAUM · $236M to $285MMar 30, 2025 to Mar 19, 2026
- Accounts · 398 to 453Nov 1, 2024 to Mar 30, 2025
- HNW clients · 51 to 58Nov 1, 2024 to Mar 30, 2025
- Individual clients · 61 to 70Nov 1, 2024 to Mar 30, 2025
- Financial planning clients · 11-25 to 11-25Nov 1, 2024 to Mar 30, 2025
- Discretionary RAUM · $187M to $221MNov 1, 2024 to Mar 30, 2025
- HNW RAUM · $188M to $216MNov 1, 2024 to Mar 30, 2025
- Individual RAUM · $16.7M to $18.9MNov 1, 2024 to Mar 30, 2025
- Non-discretionary RAUM · $17.9M to $15.0MNov 1, 2024 to Mar 30, 2025
- Pension RAUM · $219,552 to $300,000Nov 1, 2024 to Mar 30, 2025
- RAUM · $205M to $236MNov 1, 2024 to Mar 30, 2025
- Succession · true to falseJun 5, 2024 to Jul 5, 2024
Signals
3 dated events
- Spotlight Asset Group's advisors moved to Pandora Wealth, Inc. (Oakbrook Terrace, IL): 3 of 3 registered, on the same dayNov 22, 2024 · Firm absorbed (people side) · derived
- Pandora Wealth, Inc. reported succeeding to the business of Another Adviser (Form ADV Item 4)Jun 5, 2024 · Succession (Item 4) · fact
- Pandora Wealth, Inc. filed its initial SEC registration (Form ADV)Jun 5, 2024 · 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
- 312-388-9132reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 505-688-0622reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 630-230-6833reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/22339616reportedpublic record, Form ADV, Sep 17, 2026
- Website
- PANDORAWEALTH.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (630) 230-6841reportedpublic record, Form ADV, Jul 30, 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
- $95.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026