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•••••• W•••••
Legal name W•••••• W••••• L••
Latest filing May 6, 2026
First filing on the tape Jun 20, 2024 · 11 filings
SEC status approved since Jul 19, 2024
RAUM
$268M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$266M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$53.7M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$268M as of May 6, 2026
Feb 14, 2025$745,303 then
HNW client RAUM: $263M
State-registered IARs (5.B.3)0 as of May 6, 2026
Feb 14, 20250 then
Employees (5.A)4 as of May 6, 2026
Feb 14, 20252 then
Private funds: no history
RAUM +35919% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of May 6, 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
- RAUM per advisor
- $53.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 27derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $9.7MderivedHNW RAUM over HNW clients
- Average account
- $1.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.8derivedItem 5.A over advisors
- Advisors per office
- 5.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +335%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 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
- has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$263M98%
- Individuals$3.2M1.2%
- Charitable organizations$2.1M0.8%
- Individual clients
- 110reported
- HNW clients
- 27reported
- Pension plan clients
- n/areported
- Charitable clients
- 1reported
- Accounts
- 245reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| B•••••• K••• | Chicago, Il | Mar 9, 2025 | 10 y | 1 |
| S•••• P•••••• B•••••• | Chicago, Il | Mar 9, 2025 | 14 y | 1 |
| V••••• A••• M••••••••Certified Financial Planner | Chicago, Il | Aug 12, 2026 | 11 y | 1 |
| A••••• J•••• F•••••••• | Chicago, Il | Aug 20, 2026 | 11 y | 2 |
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days2 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- A••••• J•••• F•••••••• from E••••• F•••••••• G••••Aug 20, 2026 · RIA to RIA
- V••••• A••• M•••••••• from C•••••• S••••• • C••• I•••Aug 12, 2026 · Affiliated broker-dealer or bank to independent RIA
- B•••••• K••• from J••• M••••• S••••••••• L••Mar 9, 2025 · Wirehouse to independent RIA
- S•••• P•••••• B•••••• from J••• M••••• S••••••••• L••Mar 9, 2025 · Wirehouse to independent RIA
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from J••• M••••• S••••••••• L••May 1, 2024 · Chicago, Il
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B••••••• S••••• P•••••• · Ciocontrolsince 06/2024 · owns 50% to 75%
- K•••• B•••••• · Ccocontrolsince 06/2024 · owns 50% to 75%
Entity owners
- W•••••• H•••••••• I••• · Parent Companydirect · 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 |
|---|---|---|---|---|---|
| Chicago, Il · principal | 5 | 3 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- unusually large average HNW clientStatic outlier · filing May 6, 2026HNW RAUM per HNW client of $9,745,443 against a peer median of $2,404,040 (4940 comparable advisers, 99.0th percentile, 5.0 robust deviations)peers: independent wealth managers, $100M to $500M (4,940) · 99% percentile
- business activity changedChange between filings · filing May 6, 2026financial planning (Item 5.G.1): no on the filing of 2026-03-31, yes on the filing of 2026-05-06peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 110 to 245Mar 31, 2026 to May 6, 2026
- Advisory employees · 2 to 3Mar 31, 2026 to May 6, 2026
- Advisory activities · 1 to 2Mar 31, 2026 to May 6, 2026
- Charity clients · unset to 1.0Mar 31, 2026 to May 6, 2026
- HNW clients · unset to 27.0Mar 31, 2026 to May 6, 2026
- Employees · 2 to 4Mar 31, 2026 to May 6, 2026
- Discretionary RAUM · $3.2M to $268MMar 31, 2026 to May 6, 2026
- HNW RAUM · unset to 263126956.0Mar 31, 2026 to May 6, 2026
- RAUM · $3.2M to $268MMar 31, 2026 to May 6, 2026
- Accounts · 13 to 110Feb 14, 2025 to Mar 31, 2026
- Individual clients · 13 to 110Feb 14, 2025 to Mar 31, 2026
- Discretionary RAUM · $745,303 to $3.2MFeb 14, 2025 to Mar 31, 2026
- Individual RAUM · $745,303 to $3.2MFeb 14, 2025 to Mar 31, 2026
- RAUM · $745,303 to $3.2MFeb 14, 2025 to Mar 31, 2026
- Accounts · 19 to 13Nov 21, 2024 to Feb 14, 2025
- Individual clients · 6 to 13Nov 21, 2024 to Feb 14, 2025
- Financial planning clients · 0 to 0Nov 21, 2024 to Feb 14, 2025
- Discretionary RAUM · $388,899 to $745,303Nov 21, 2024 to Feb 14, 2025
- Individual RAUM · $388,899 to $745,303Nov 21, 2024 to Feb 14, 2025
- RAUM · $388,899 to $745,303Nov 21, 2024 to Feb 14, 2025
- Accounts · 4 to 19Nov 19, 2024 to Nov 21, 2024
- Individual clients · unset to 6.0Nov 19, 2024 to Nov 21, 2024
- Discretionary RAUM · $1,131 to $388,899Nov 19, 2024 to Nov 21, 2024
- Individual RAUM · $1,131 to $388,899Nov 19, 2024 to Nov 21, 2024
- RAUM · $1,131 to $388,899Nov 19, 2024 to Nov 21, 2024
- Accounts · unset to 4.0Jul 16, 2024 to Nov 8, 2024
- Discretionary RAUM · unset to 1131.0Jul 16, 2024 to Nov 8, 2024
- Individual RAUM · unset to 1131.0Jul 16, 2024 to Nov 8, 2024
- Non-discretionary RAUM · unset to 0.0Jul 16, 2024 to Nov 8, 2024
- RAUM · unset to 1131.0Jul 16, 2024 to Nov 8, 2024
- Advisory activities · 4 to 1Jun 28, 2024 to Jul 16, 2024
Signals
2 dated events
- W•••••• W••••• filed its initial SEC registration (Form ADV)Jun 20, 2024 · First SEC registration · fact
- 2 advisors left J••• M••••• S••••••••• L•• (Chicago, IL) for W•••••• W••••• on the same dayMay 1, 2024 · Team lift-out · derived
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
- Firm profile
- linkedin.com/company/wavvestreportedpublic record, Form ADV, Sep 18, 2026
- Website
- wavvest.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 630-699-8602reportedpublic record, Form ADV, May 6, 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
- $53.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026