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••• D•••••• C•••••• I••••••••• A•••••••
Legal name B••• D•••••• C•••••• I••••••••• A•••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Feb 20, 2025 · 3 filings
SEC status approved since Feb 21, 2025
RAUM
$301M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
73%
$220M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$151M
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
10
reported on Schedule D
History
3 filings and snapshots on the tape
RAUM$301M as of Mar 31, 2026
Feb 20, 2025$0 then
HNW client RAUM$211M as of Mar 31, 2026
Feb 20, 2025$0 then
State-registered IARs (5.B.3)2 as of Mar 31, 2026
Feb 20, 20253 then
Employees (5.A)3 as of Mar 31, 2026
Feb 20, 20253 then
Private funds10 as of Mar 31, 2026
Jun 11, 20258 then
RAUM n/a over the last fiscal yearIARs 3 to 2
Practice profile
derived from the filing of Mar 31, 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
- RIA with heavy alternatives · a wealth manager whose private fund gross assets are at least 25 percent of RAUM, or five or more private funds
- 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)
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $151MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $9.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 0.0%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- -33%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for pooled vehiclesreportedItem 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
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$211M70%
- Pooled investment vehicles$81.4M27%
- Individuals$9.0M3.0%
- Charitable organizations$49,9170.0%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 33reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- fixed, hourlyreported
- Class basis
- private_client_share=0.73 fund_share=0.27 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| B•••••• B••• | Provo, Ut | Jul 29, 2025 | 13 y | 0 |
| M•••••• C•••••• B•••••• | Provo, Ut | Mar 3, 2026 | 19 y | 0 |
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
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B•••• B•••••• · Chief Financial Officercontrolsince 03/2024 · owns less than 5%
- B••••••• M••••••• C•••••• · Chief Executive Officercontrolsince 03/2024 · owns less than 5%
- M••••• M••••••• D•••• · Chief Compliance Officercontrolsince 03/2024 · owns less than 5%
- B••••••• D••••••• H• · Membersince 03/2024 · owns 5% to 10%
- B••••••• M•••• C• · Membersince 03/2024 · owns 5% to 10%
Entity owners
- S•••••• C••• L•• · Memberdirect · owns 10% to 25%
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 |
|---|---|---|---|---|---|
| Provo, Ut · principal | 2 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Mar 31, 2026discretionary share of RAUM of 0% against a peer median of 100% (5678 comparable advisers, 0.0th percentile, 33.7 robust deviations)peers: independent wealth managers, $100M to $500M (5,678) · 0.0% percentile
- compensation changedChange between filings · filing Mar 31, 2026performance-based compensation (Item 5.E.6): yes on the filing of 2025-06-11, no on the filing of 2026-03-31peers: independent wealth managers, $100M to $500M (5,678)
What changed
consecutive filings, newest first
- Accounts · 32 to 33Jun 11, 2025 to Mar 31, 2026
- Advisory employees · 3 to 2Jun 11, 2025 to Mar 31, 2026
- Pooled vehicle clients · 8 to 10Jun 11, 2025 to Mar 31, 2026
- State-registered IARs · 3 to 2Jun 11, 2025 to Mar 31, 2026
- Private funds · 8 to 10Jun 11, 2025 to Mar 31, 2026
- HNW RAUM · $246M to $211MJun 11, 2025 to Mar 31, 2026
- Individual RAUM · $8.3M to $9.0MJun 11, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $323M to $301MJun 11, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $68.0M to $81.4MJun 11, 2025 to Mar 31, 2026
- RAUM · $323M to $301MJun 11, 2025 to Mar 31, 2026
- Accounts · 0 to 32Feb 20, 2025 to Jun 11, 2025
- Pooled vehicle clients · 0 to 8Feb 20, 2025 to Jun 11, 2025
- Financial planning clients · 0 to 1-10Feb 20, 2025 to Jun 11, 2025
- Private funds · unset to 8Feb 20, 2025 to Jun 11, 2025
- HNW RAUM · $0 to $246MFeb 20, 2025 to Jun 11, 2025
- Individual RAUM · $0 to $8.3MFeb 20, 2025 to Jun 11, 2025
- Non-discretionary RAUM · $0 to $323MFeb 20, 2025 to Jun 11, 2025
- Pooled vehicle RAUM · $0 to $68.0MFeb 20, 2025 to Jun 11, 2025
- RAUM · $0 to $323MFeb 20, 2025 to Jun 11, 2025
Signals
No event on the tape.
Across DFX
shared identifiers only, never a name match
- B••• D•••••• C•••••• I••••••••• A••••••• · Independent Sponsorsshared crd · capital_provider
- B••• D•••••• C•••••• I••••••••• A••••••• · Private Equityshared crd · organization
- B••• D•••••• C•••••• I••••••••• A••••••• · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Business email
- m•••••••@b•••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Website
- b•••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 801-932-0311reportedpublic record, Form ADV, Mar 31, 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
- $151Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026