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
Indivisible Partners
Legal name Indivisible Partners, LLC
Latest filing Aug 3, 2026
First filing on the tape Sep 26, 2024 · 20 filings
SEC status approved since Nov 1, 2024
RAUM
$2.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
77%
$1.6B individuals and HNW
Advisors
28
registered through the firm on IAPD
RAUM per advisor
$74.3M
derived; firm RAUM over IAPD count
Employees
24
13 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$2.1B as of Aug 3, 2026
Jan 14, 2025$0 then
HNW client RAUM$1.5B as of Aug 3, 2026
Feb 28, 2025$279M then
State-registered IARs (5.B.3)13 as of Aug 3, 2026
Jan 14, 20250 then
Employees (5.A)24 as of Aug 3, 2026
Jan 14, 20259 then
Private funds: no history
RAUM +597% over the last fiscal yearIARs 3 to 13offices 1 to 5
Practice profile
derived from the filing of Aug 3, 2026; every figure names its basis
- RAUM per advisor
- $74.3MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 19derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.7MderivedHNW RAUM over HNW clients
- Average account
- $778,313derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.9derivedItem 5.A over advisors
- Advisors per office
- 4.7derived6 offices incl. principal (1.F.5)
- RAUM growth, one year
- +418%derivedbetween the last two annual amendments
- Advisor growth, one year
- +333%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +265%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $201M, 396 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)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$1.5B73%
- Corporations and businesses$459M22%
- Individuals$85.8M4.1%
- Pension and profit-sharing plans$13.2M0.6%
- Charitable organizations$2.9M0.1%
- Individual clients
- 214reported
- HNW clients
- 320reported
- Pension plan clients
- 14reported
- Charitable clients
- 16reported
- Accounts
- 2,672reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $201M for 396 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.77 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
20 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Stephen C HostetlerChartered Financial Analyst | Lexington, Va | Nov 14, 2024 | 25 y | 0 |
| Lee S Woodring | Pittsford, Ny | Jan 3, 2025 | 30 y | 1 |
| Robert J Leroy | Pittsford, Ny | Jan 3, 2025 | 17 y | 1 |
| Paul Todd Lambert | Hinsdale, Il | Mar 6, 2025 | 34 y | 1 |
| John William Thiel | Clearwater, Fl | Apr 3, 2025 | 37 y | 1 |
| Sandra Lynn Bolton | Bradenton, Fl | May 6, 2025 | 33 y | 4 |
| Christopher W Tieland | Clearwater, Fl | Jun 2, 2025 | 23 y | 6 |
| Maria Mote | Clearwater, Fl | Jun 2, 2025 | 11 y | 1 |
| Lauren Saddler PearsonCertified Financial Planner | Clearwater, Fl | Jun 2, 2025 | 18 y | 2 |
| Ellen Clarke Bradford | Birmingham, Al | Jun 2, 2025 | 12 y | 3 |
| Emily Stoddard Lassiter | Birmingham, Al | Jun 2, 2025 | 11 y | 1 |
| Kevin B McculleyCertified Financial Planner, Chartered Financial Analyst | Clearwater, Fl | Jun 16, 2025 | 11 y | 2 |
| Kevin T KarrhCertified Financial Planner | Plano, Tx | Dec 9, 2025 | 26 y | 3 |
| Zachary S Hope | Plano, Tx | Dec 11, 2025 | 13 y | 2 |
| Ethan Daniel Hafner | Deerfield, Il | Apr 17, 2026 | 28 y | 2 |
| Andrew M CardilloCertified Financial Planner | Deerfield, Il | Apr 17, 2026 | 11 y | 1 |
| Jeffrey P Renelt | Victor, Ny | Jun 18, 2026 | 38 y | 1 |
| Ryan Jacob Patterson | Golden, Co | Jul 31, 2026 | 11 y | 0 |
| Letitia Breckenridge Scalise | Gordonsville, Va | Aug 3, 2026 | 11 y | 1 |
| Nelson CardenasChartered Financial Analyst | Clearwater, Fl | Sep 9, 2026 | 21 y | 3 |
Advisor movement
0 left, 8 joined in 12 months
net +8 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
- Nelson Cardenas from Truist Advisory Services, Inc.Sep 9, 2026 · Affiliated broker-dealer or bank to independent RIA
- Letitia Breckenridge Scalise from Torray Investment Partners LLCAug 3, 2026 · RIA to RIA
- Jeffrey P Renelt from Merrill Lynch, Pierce, Fenner & Smith IncorporatedJun 18, 2026 · Wirehouse to independent RIA
- Debra Annette Fields from Soho Financial Services LLCMay 18, 2026 · Other
- Andrew M Cardillo from UBS Financial Services Inc.Apr 17, 2026 · Wirehouse to independent RIA
- Ethan Daniel Hafner from UBS Financial Services Inc.Apr 17, 2026 · Wirehouse to independent RIA
- Zachary S Hope from Stifel, Nicolaus & Company, IncorporatedDec 11, 2025 · Affiliated broker-dealer or bank to independent RIA
- Kevin T Karrh from 1919 Investment Counsel, LLCDec 9, 2025 · RIA to RIA
- Kevin B Mcculley from Southstate Private Capital Management LLCJun 16, 2025 · RIA to RIA
- Emily Stoddard Lassiter from Hightower Advisors, LLCJun 2, 2025 · Affiliated broker-dealer or bank to independent RIA
- Maria Mote from Hightower Advisors, LLCJun 2, 2025 · Affiliated broker-dealer or bank to independent RIA
- Christopher W Tieland from Hightower Advisors, LLCJun 2, 2025 · Affiliated broker-dealer or bank to independent RIA
- Lauren Saddler Pearson from Hightower Advisors, LLCJun 2, 2025 · Affiliated broker-dealer or bank to independent RIA
- Ellen Clarke Bradford from Hightower Advisors, LLCJun 2, 2025 · Affiliated broker-dealer or bank to independent RIA
- Sandra Lynn Bolton from Ameriprise Financial Services, LLCMay 6, 2025 · Affiliated broker-dealer or bank to independent RIA
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from UBS Financial Services Inc.Apr 28, 2026 · Deerfield, Il
- 2 joined from Hightower Advisors, LLCJun 2, 2025 · Birmingham, Al
- 3 joined from Hightower Advisors, LLCJun 2, 2025 · Chicago, Il
- 2 joined from Merrill Lynch, Pierce, Fenner & Smith IncorporatedJan 6, 2025 · Pittsford, Ny
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Michael Adornetto · Head Of Operations And Servicecontrolsince 07/2024 · owns less than 5%
- Peter Anthony Cieszko · Head Of Investment Solutionscontrolsince 07/2024 · owns less than 5%
- Thomas Corra · Chief Financial Officercontrolsince 07/2024 · owns less than 5%
- Anthony Thomas Fickinger · Co-President, Advisor Teamscontrolsince 08/2024 · owns less than 5%
- M John Hogarty · Chief Operating Officer Officer/Secretarycontrolsince 07/2024 · owns less than 5%
- C Stephen Hostetler · Chief Compliance Officer/Secretarycontrolsince 07/2024 · owns less than 5%
- Kumar Alok Kapoor · Chief Technology Officercontrolsince 07/2024 · owns less than 5%
- Todd Paul Lambert · Co-President, Advisor Teamscontrolsince 07/2024 · owns less than 5%
- Andres William Lorenz · Co-President, Advisor Teamscontrolsince 07/2024 · owns less than 5%
- William John Thiel · Executive Chairmancontrolsince 07/2024 · owns less than 5%
- C Stephen Hostetler · Secretarycontrolsince 07/2024 · owns F of Forabya, LLC
- William John Thiel · Executive Chairmancontrolsince 07/2024 · owns F of Forabya, LLC
Entity owners
- Forabya, LLC · Ownerdirect · 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 |
|---|---|---|---|---|---|
| Clearwater, Fl · principal | 23 | 14 | 0 | ||
| Westlake Village, Ca | 8 | 8 | 0 | ||
| Birmingham, Al | 4 | 0 | 0 | ||
| Plano, Tx | 2 | 2 | 0 | ||
| Golden, Co | 2 | 1 | 0 | ||
| Deerfield, Il | 2 | 2 | 0 | ||
| Pittsford, Ny | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
5 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Aug 3, 2026HOSTETLER, STEPHEN, C (CHIEF COMPLIANCE OFFICER/SECRETARY) left Schedule A between the filings of 2024-09-26 and 2026-08-03peers: independent wealth managers, $1B to $5B (1,360)
- account count surgeChange between filings · filing Apr 30, 2026accounts (Item 5.F.2.f) moved from 524.0 to 2,224.0 (+324.0%) between the annual amendments of 2025-04-30 and 2026-04-30; the peer median change was +6.0% (1206 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,206) · 99% percentile
- client count surgeChange between filings · filing Apr 30, 2026individual and HNW clients (Item 5.D) moved from 126.0 to 460.0 (+265.0%) between the annual amendments of 2025-04-30 and 2026-04-30; the peer median change was +5.0% (1132 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,132) · 99% percentile
- employee count surgeChange between filings · filing Apr 30, 2026employees (Item 5.A) moved from 11.0 to 24.0 (+118.0%) between the annual amendments of 2025-04-30 and 2026-04-30; the peer median change was +4.0% (1050 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,050) · 99% percentile
- RAUM up 50 %Change between filings · filing Apr 30, 2026RAUM (Item 5.F) moved from $298,574,478 to $1,546,665,076 (+418.0%) between the annual amendments of 2025-04-30 and 2026-04-30; the peer median change was +17.0% (1297 comparable advisers, 100.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,297) · 100% percentile
What changed
consecutive filings, newest first
- Accounts · 2,224 to 2,672Apr 30, 2026 to May 18, 2026
- Charity clients · unset to 16.0Apr 30, 2026 to May 18, 2026
- Corporate clients · unset to 112.0Apr 30, 2026 to May 18, 2026
- HNW clients · 268 to 320Apr 30, 2026 to May 18, 2026
- Individual clients · 192 to 214Apr 30, 2026 to May 18, 2026
- Pension plan clients · unset to 14.0Apr 30, 2026 to May 18, 2026
- Discretionary RAUM · $1.5B to $2.1BApr 30, 2026 to May 18, 2026
- HNW RAUM · $1.3B to $1.5BApr 30, 2026 to May 18, 2026
- Individual RAUM · $76.7M to $85.8MApr 30, 2026 to May 18, 2026
- Non-discretionary RAUM · $5.6M to $5.5MApr 30, 2026 to May 18, 2026
- Pension RAUM · $25.0M to $13.2MApr 30, 2026 to May 18, 2026
- RAUM · $1.5B to $2.1BApr 30, 2026 to May 18, 2026
- Advisory employees · 3 to 13Feb 17, 2026 to Mar 30, 2026
- Employees · 11 to 24Feb 17, 2026 to Mar 30, 2026
- Financial planning clients · 0 to 1-10Feb 17, 2026 to Mar 30, 2026
- State-registered IARs · 3 to 13Feb 17, 2026 to Mar 30, 2026
- Accounts · 634 to 2,224Oct 8, 2025 to Jan 20, 2026
- HNW clients · 89 to 268Oct 8, 2025 to Jan 20, 2026
- Individual clients · 63 to 192Oct 8, 2025 to Jan 20, 2026
- Other offices · 1 to 5Oct 8, 2025 to Jan 20, 2026
- Discretionary RAUM · $415M to $1.5BOct 8, 2025 to Jan 20, 2026
- HNW RAUM · $315M to $1.3BOct 8, 2025 to Jan 20, 2026
- Individual RAUM · $22.8M to $76.7MOct 8, 2025 to Jan 20, 2026
- Non-discretionary RAUM · $6.3M to $5.6MOct 8, 2025 to Jan 20, 2026
- Pension RAUM · unset to 24996820.0Oct 8, 2025 to Jan 20, 2026
- RAUM · $421M to $1.5BOct 8, 2025 to Jan 20, 2026
- Financial planning clients · 0 to 0Aug 1, 2025 to Oct 8, 2025
- Accounts · 524 to 634May 13, 2025 to Jun 18, 2025
- HNW clients · 79 to 89May 13, 2025 to Jun 18, 2025
- Individual clients · 47 to 63May 13, 2025 to Jun 18, 2025
- Discretionary RAUM · $299M to $415MMay 13, 2025 to Jun 18, 2025
- HNW RAUM · $279M to $315MMay 13, 2025 to Jun 18, 2025
- Individual RAUM · $19.2M to $22.8MMay 13, 2025 to Jun 18, 2025
- Non-discretionary RAUM · $0 to $6.3MMay 13, 2025 to Jun 18, 2025
- RAUM · $299M to $421MMay 13, 2025 to Jun 18, 2025
- Accounts · 0 to 524Jan 14, 2025 to Feb 28, 2025
- Advisory employees · 1 to 3Jan 14, 2025 to Feb 28, 2025
- HNW clients · unset to 79.0Jan 14, 2025 to Feb 28, 2025
- Individual clients · unset to 47.0Jan 14, 2025 to Feb 28, 2025
- Assets in custody · unset to 200940738.0Jan 14, 2025 to Feb 28, 2025
Signals
9 dated events
- Indivisible Partners reported RAUM $2.1B, up 34% from $1.5B (2026-04-30 to 2026-05-18)May 18, 2026 · RAUM change · derived
- 2 advisors left UBS Financial Services Inc. (Deerfield, IL) for Indivisible Partners on the same dayApr 28, 2026 · Team lift-out · derived
- Indivisible Partners reported 13 state-registered advisory representatives, up from 3 (2026-02-17 to 2026-03-30)Mar 30, 2026 · Advisor headcount change · derived
- Indivisible Partners reported RAUM $1.5B, up 267% from $421.3M (2025-10-08 to 2026-01-20)Jan 20, 2026 · RAUM change · derived
- Indivisible Partners reported RAUM $421.3M, up 41% from $298.6M (2025-05-13 to 2025-06-18)Jun 18, 2025 · RAUM change · derived
- 3 advisors left Hightower Advisors, LLC (Birmingham, AL) for Indivisible Partners on the same dayJun 2, 2025 · Team lift-out · derived
- 3 advisors left Hightower Advisors, LLC (Chicago, IL) for Indivisible Partners on the same dayJun 2, 2025 · Team lift-out · derived
- 2 advisors left Merrill Lynch, Pierce, Fenner & Smith Incorporated (Pittsford, NY) for Indivisible Partners on the same dayJan 6, 2025 · Team lift-out · derived
- Indivisible Partners filed its initial SEC registration (Form ADV)Sep 26, 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
- 585-505-5598reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 585-505-5620reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 585-505-6195reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- woodringleroy.indivisible.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 732-306-5490reportedpublic record, Form ADV, Aug 3, 2026
- Team page
- woodringleroy.indivisible.com/meet-the-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
- $74.3Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026