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
B••••• M••••••
Legal name B••••• M••••••• L••
Latest filing Mar 3, 2026
First filing on the tape Dec 17, 2024 · 8 filings
SEC status approved since Jan 30, 2025
RAUM
$1.8B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
95%
$1.7B individuals and HNW
Advisors
13
registered through the firm on IAPD
RAUM per advisor
$140M
derived; firm RAUM over IAPD count
Employees
29
14 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$1.8B as of Mar 3, 2026
Feb 28, 2025$0 then
HNW client RAUM$1.6B as of Mar 3, 2026
May 29, 2025$1.5B then
State-registered IARs (5.B.3)10 as of Mar 3, 2026
Feb 28, 202510 then
Employees (5.A)29 as of Mar 3, 2026
Feb 28, 202511 then
Private funds: no history
RAUM n/a over the last fiscal yearIARs 10 to 10offices 1 to 2
Practice profile
derived from the filing of Mar 3, 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
- $140MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 50derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.3MderivedHNW RAUM over HNW clients
- Average account
- $738,468derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.2derivedItem 5.A over advisors
- Advisors per office
- 4.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- 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
- $430M, 246 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
- 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)
- compensates persons for client referrals (8.G.1)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$1.6B90%
- Individuals$106M5.8%
- Corporations and businesses$83.6M4.6%
- Individual clients
- 264reported
- HNW clients
- 382reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 2,467reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $430M for 246 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.95 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
13 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| A••••• T• C•••Certified Financial Planner | Timonium, Md | Feb 13, 2025 | 22 y | 2 |
| M•••••• D•• H•••• | Timonium, Md | Feb 13, 2025 | 26 y | 3 |
| S•••• M•••••• M•••••••••Certified Financial Planner | Timonium, Md | Feb 13, 2025 | 21 y | 4 |
| J••• J••••• M••••••Certified Financial Planner | Boca Raton, Fl | Feb 13, 2025 | 36 y | 2 |
| P•••••• J••••• M••••••• | Timonium, Md | Feb 13, 2025 | 28 y | 2 |
| G•••••••• M• C••••••Certified Financial Planner | Timonium, Md | Feb 13, 2025 | 16 y | 2 |
| B•••• T• H•••••Certified Financial Planner, Chartered Financial Analyst | Timonium, Md | Feb 13, 2025 | 14 y | 2 |
| B•••• D••••• C••••••Chartered Financial Analyst | Timonium, Md | Feb 13, 2025 | 10 y | 0 |
| A••••• B••••Certified Financial Planner | Timonium, Md | Feb 13, 2025 | 15 y | 0 |
| M•••••• J•••• H•••Certified Financial Planner | Timonium, Md | Feb 13, 2025 | 14 y | 1 |
| D•••• L•• B•••••Certified Financial Planner, Chartered Financial Consultant | Timonium, Md | Feb 13, 2025 | 36 y | 3 |
| A••• R• M•••••Certified Financial Planner | Timonium, Md | Feb 14, 2025 | 13 y | 2 |
| K••••••• M• S•••••••• | Timonium, Md | Nov 20, 2025 | 19 y | 3 |
Advisor movement
0 left, 1 joined in 12 months
net +1 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
- K••••••• M• S•••••••• from K••••• A••••••• S•••••••• L••Nov 20, 2025 · Affiliated broker-dealer or bank to independent RIA
- A••• R• M••••• from K••••• A••••••• S•••••••• L••Feb 14, 2025 · Affiliated broker-dealer or bank to a newly registered adviser
- M•••••• D•• H•••• from K••••• A••••••• S•••••••• L••Feb 13, 2025 · Affiliated broker-dealer or bank to a newly registered adviser
- A••••• T• C••• from K••••• A••••••• S•••••••• L••Feb 13, 2025 · Affiliated broker-dealer or bank to a newly registered adviser
- S•••• M•••••• M••••••••• from K••••• A••••••• S•••••••• L••Feb 13, 2025 · Affiliated broker-dealer or bank to a newly registered adviser
- G•••••••• M• C•••••• from K••••• A••••••• S•••••••• L••Feb 13, 2025 · Affiliated broker-dealer or bank to a newly registered adviser
- B•••• T• H••••• from K••••• A••••••• S•••••••• L••Feb 13, 2025 · Affiliated broker-dealer or bank to a newly registered adviser
- P•••••• J••••• M••••••• from K••••• A••••••• S•••••••• L••Feb 13, 2025 · Affiliated broker-dealer or bank to a newly registered adviser
- D•••• L•• B••••• from K••••• A••••••• S•••••••• L••Feb 13, 2025 · Affiliated broker-dealer or bank to a newly registered adviser
- J••• J••••• M•••••• from K••••• A••••••• S•••••••• L••Feb 13, 2025 · Affiliated broker-dealer or bank to a newly registered adviser
- M•••••• J•••• H••• from K••••• A••••••• S•••••••• L••Feb 13, 2025 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 6 joined from K••••• A••••••• S•••••••• L••May 20, 2025 · Timonium, Md
- 2 joined from K••••• A••••••• S•••••••• L••Mar 27, 2025 · Timonium, Md
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B•••••• D••••• L•• · Chief Executive Officercontrolsince 09/2024 · owns 10% to 25%
- B••••• W••••••• F•••••• · Chief Compliance Officer, Chief Financial Officercontrolsince 09/2024 · owns 5% to 10%
- C•••• A•••••• T• · Ownercontrolsince 09/2024 · owns 10% to 25%
- M••••••• J•••• J••••• · Ownercontrolsince 09/2024 · owns 10% to 25%
- M••••••••• S••••• M•••••• · Ownercontrolsince 09/2024 · owns 10% to 25%
- M•••••••• P••••••• J••••• · Ownercontrolsince 09/2024 · owns 10% to 25%
- H••••• M••••••• D•• · Ownersince 09/2024 · owns less than 5%
- H•••••• B••••• T• · Ownersince 09/2024 · owns less than 5%
- M•••••• A•••• R• · Ownersince 01/2026 · owns less than 5%
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 |
|---|---|---|---|---|---|
| Timonium, Md · principal | 13 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- New York, NY5 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- employee count surgeChange between filings · filing Mar 3, 2026employees (Item 5.A) moved from 11.0 to 29.0 (+164.0%) between the annual amendments of 2025-02-28 and 2026-03-03; the peer median change was +4.0% (1050 comparable advisers, 100.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,050) · 100% percentile
What changed
consecutive filings, newest first
- Accounts · 2,334 to 2,467Dec 11, 2025 to Feb 6, 2026
- Advisory activities · 6 to 4Dec 11, 2025 to Feb 6, 2026
- Corporate clients · unset to 3.0Dec 11, 2025 to Feb 6, 2026
- HNW clients · 349 to 382Dec 11, 2025 to Feb 6, 2026
- Individual clients · 298 to 264Dec 11, 2025 to Feb 6, 2026
- Assets in custody · $282M to $430MDec 11, 2025 to Feb 6, 2026
- Discretionary RAUM · $1.6B to $1.8BDec 11, 2025 to Feb 6, 2026
- HNW RAUM · $1.5B to $1.6BDec 11, 2025 to Feb 6, 2026
- Individual RAUM · $136M to $106MDec 11, 2025 to Feb 6, 2026
- RAUM · $1.6B to $1.8BDec 11, 2025 to Feb 6, 2026
- Other offices · 1 to 2Jun 4, 2025 to Oct 31, 2025
- Financial planning clients · 251-500 to 251-500May 29, 2025 to Jun 4, 2025
- Accounts · 0 to 2,334Feb 28, 2025 to May 29, 2025
- Advisory employees · 11 to 14Feb 28, 2025 to May 29, 2025
- BD registered reps · 10 to 0Feb 28, 2025 to May 29, 2025
- HNW clients · unset to 349.0Feb 28, 2025 to May 29, 2025
- Individual clients · unset to 298.0Feb 28, 2025 to May 29, 2025
- Assets in custody · unset to 281631907.0Feb 28, 2025 to May 29, 2025
- Custody of client assets · false to trueFeb 28, 2025 to May 29, 2025
- Employees · 11 to 29Feb 28, 2025 to May 29, 2025
- Insurance-licensed employees · 10 to 0Feb 28, 2025 to May 29, 2025
- Financial planning clients · 0 to 251-500Feb 28, 2025 to May 29, 2025
- Discretionary RAUM · $0 to $1.6BFeb 28, 2025 to May 29, 2025
- HNW RAUM · unset to 1467443689.0Feb 28, 2025 to May 29, 2025
- Individual RAUM · unset to 136440790.0Feb 28, 2025 to May 29, 2025
- RAUM · $0 to $1.6BFeb 28, 2025 to May 29, 2025
- Financial planning clients · unset to 0Dec 17, 2024 to Feb 28, 2025
- Legal name · BMC WEALTH MANAGEMENT to B••••• M••••••, LLCDec 17, 2024 to Feb 28, 2025
Signals
3 dated events
- 6 advisors left K••••• A••••••• S•••••••• L•• (Timonium, MD) for B••••• M•••••• on the same dayMay 20, 2025 · Team lift-out · derived
- 2 advisors left K••••• A••••••• S•••••••• L•• (Timonium, MD) for B••••• M•••••• within 5 daysMar 27, 2025 · Team lift-out · derived
- B••••• M•••••• filed its initial SEC registration (Form ADV)Dec 17, 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
- 410-560-9960reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 212-379-4056reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 410-560-7992reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/bermanmcaleerllc/?viewAsMember=truereportedpublic record, Form ADV, Sep 18, 2026
- Website
- bmcplanning.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 410-560-9960reportedpublic record, Form ADV, Mar 3, 2026
- Team page
- bmcplanning.com/who-we-are/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
- $140Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026