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
C••••••• R•••• W••••• P••••••
Legal name C••••••• R•••• W••••• P••••••• L••
Latest filing Mar 30, 2026
First filing on the tape Sep 20, 2024 · 11 filings
SEC status approved since Oct 31, 2024
RAUM
$199M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$199M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$49.8M
derived; firm RAUM over IAPD count
Employees
5
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$199M as of Mar 30, 2026
Jan 14, 2025$0 then
HNW client RAUM$24.5M as of Mar 30, 2026
Feb 28, 2025$18.9M then
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Jan 14, 20252 then
Employees (5.A)5 as of Mar 30, 2026
Jan 14, 20252 then
Private funds: no history
RAUM +95% over the last fiscal yearIARs 0 to 0offices 0 to 1
Practice profile
derived from the filing of Mar 30, 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
- Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
- RAUM per advisor
- $49.8MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 233derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.0MderivedHNW RAUM over HNW clients
- Average account
- $172,476derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 2.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +95%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- +32%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- 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)
- has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$175M88%
- High-net-worth individuals$24.5M12%
- Individual clients
- 921reported
- HNW clients
- 12reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,154reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=2.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| E••• A• V••••••Certified Financial Planner | Thurmont, Md | Nov 8, 2024 | 16 y | 4 |
| D•••• R•••••••••Certified Financial Planner | Thurmont, Md | Nov 19, 2024 | 11 y | 2 |
| H••••••• K•• B••••• | Thurmont, Md | Feb 5, 2025 | 16 y | 3 |
| K••••••• F•••Certified Financial Planner | Washington, Dc | Jun 13, 2025 | 21 y | 3 |
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
- K••••••• F••• from F••• F•••••••• A••••••• G••••• I•••Jun 13, 2025 · Other
- H••••••• K•• B••••• from G•••• P•••• A•••••••• L••Feb 5, 2025 · Affiliated broker-dealer or bank to a newly registered adviser
- D•••• R••••••••• from G•••• P•••• A•••••••• L••Nov 19, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- E••• A• V•••••• from G•••• P•••• A•••••••• L••Nov 8, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from G•••• P•••• A•••••••• L••May 1, 2025 · Rockville, Md
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- V••••••• E•••• A• · Presidentcontrolsince 09/2024 · owns 75% or more
- K••••••• J••••••• M•••• · Chief Compliance Officersince 09/2024 · owns less than 5%
Related persons
Schedule D 7.A
- O•• P•••••••investment adviseryRAUM $773M
- S•••••••• W••••• C••••••investment adviseryRAUM $238M
- T•••••• A•••• M••••••••• L••investment advisery
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Thurmont, Md · principal | 4 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- account count surgeChange between filings · filing Mar 30, 2026accounts (Item 5.F.2.f) moved from 706.0 to 1,154.0 (+63.0%) between the annual amendments of 2025-04-24 and 2026-03-30; the peer median change was +5.0% (3687 comparable advisers, 96.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,687) · 96% percentile
- RAUM up 50 %Change between filings · filing Mar 30, 2026RAUM (Item 5.F) moved from $102,310,040 to $199,037,195 (+95.0%) between the annual amendments of 2025-04-24 and 2026-03-30; the peer median change was +15.0% (4550 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,550) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 706 to 1,154Jul 14, 2025 to Mar 30, 2026
- Advisory employees · 2 to 4Jul 14, 2025 to Mar 30, 2026
- HNW clients · 9 to 12Jul 14, 2025 to Mar 30, 2026
- Individual clients · 697 to 921Jul 14, 2025 to Mar 30, 2026
- Employees · 3 to 5Jul 14, 2025 to Mar 30, 2026
- Insurance-licensed employees · 2 to 0Jul 14, 2025 to Mar 30, 2026
- Discretionary RAUM · $99.5M to $199MJul 14, 2025 to Mar 30, 2026
- HNW RAUM · $18.9M to $24.5MJul 14, 2025 to Mar 30, 2026
- Individual RAUM · $83.4M to $175MJul 14, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $2.8M to $0Jul 14, 2025 to Mar 30, 2026
- RAUM · $102M to $199MJul 14, 2025 to Mar 30, 2026
- Financial planning clients · 0 to 0Jun 20, 2025 to Jul 14, 2025
- Other offices · 0 to 1Apr 24, 2025 to Jun 20, 2025
- Accounts · 0 to 706Jan 14, 2025 to Feb 28, 2025
- HNW clients · unset to 9.0Jan 14, 2025 to Feb 28, 2025
- Individual clients · unset to 697.0Jan 14, 2025 to Feb 28, 2025
- Employees · 2 to 3Jan 14, 2025 to Feb 28, 2025
- State-registered IARs · 2 to 0Jan 14, 2025 to Feb 28, 2025
- Discretionary RAUM · $0 to $99.5MJan 14, 2025 to Feb 28, 2025
- HNW RAUM · unset to 18912639.0Jan 14, 2025 to Feb 28, 2025
- Individual RAUM · unset to 83397401.0Jan 14, 2025 to Feb 28, 2025
- Non-discretionary RAUM · $0 to $2.8MJan 14, 2025 to Feb 28, 2025
- RAUM · $0 to $102MJan 14, 2025 to Feb 28, 2025
- Accounts · unset to 0.0Nov 21, 2024 to Jan 14, 2025
- Discretionary RAUM · unset to 0.0Nov 21, 2024 to Jan 14, 2025
- Non-discretionary RAUM · unset to 0.0Nov 21, 2024 to Jan 14, 2025
- RAUM · unset to 0.0Nov 21, 2024 to Jan 14, 2025
- State-registered IARs · 1 to 2Nov 8, 2024 to Nov 21, 2024
- Wrap assets (manager) · unset to 0.0Nov 8, 2024 to Nov 21, 2024
- Wrap assets (sponsor) · unset to 0.0Nov 8, 2024 to Nov 21, 2024
- Advisory employees · 1 to 2Nov 8, 2024 to Nov 21, 2024
- BD registered reps · 0 to 2Nov 8, 2024 to Nov 21, 2024
- Insurance-licensed employees · 0 to 2Nov 8, 2024 to Nov 21, 2024
- Related adviser · false to trueSep 20, 2024 to Sep 27, 2024
Signals
3 dated events
- 2 advisors left G•••• P•••• A•••••••• L•• (Rockville, MD) for C••••••• R•••• W••••• P•••••• on the same dayMay 1, 2025 · Team lift-out · derived
- A E••• V•••••• (President) appeared on Schedule A of C••••••• R•••• W••••• P••••••Sep 27, 2024 · Control person joined · fact
- C••••••• R•••• W••••• P•••••• filed its initial SEC registration (Form ADV)Sep 20, 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 email
- ken@burhonfg.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- sandy@burhonfg.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 828-559-0759reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 703-570-5540reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- burhonfg.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 301-304-6004reportedpublic record, Form ADV, Mar 30, 2026
- Contact form
- burhonfg.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- burhonfg.com/meet-the-teamreportedpublished by the firm, firm site, Sep 16, 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
- $49.8Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026