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
Pcm Encore, LLC
Latest filing Jun 16, 2026
First filing on the tape Sep 3, 2024 · 13 filings
SEC status approved since Oct 3, 2024
RAUM
$1.9B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
92%
$1.8B individuals and HNW
Advisors
10
registered through the firm on IAPD
RAUM per advisor
$194M
derived; firm RAUM over IAPD count
Employees
16
8 advisory (5.B.1)
Offices
9
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$1.9B as of Jun 16, 2026
Jan 14, 2025$1.3B then
HNW client RAUM$1.8B as of Jun 16, 2026
Jan 14, 2025$1.3B then
State-registered IARs (5.B.3)8 as of Jun 16, 2026
Jan 14, 20254 then
Employees (5.A)16 as of Jun 16, 2026
Jan 14, 20255 then
Private funds: no history
RAUM +57% over the last fiscal yearIARs 6 to 8offices 5 to 9
Practice profile
derived from the filing of Jun 16, 2026; every figure names its basis
Archetypes, each a printed rule
- UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
- RAUM per advisor
- $216MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 18derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $17.8MderivedHNW RAUM over HNW clients
- Average account
- $3.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.8derivedItem 5.A over advisors
- Advisors per office
- 0.9derived10 offices incl. principal (1.F.5)
- RAUM growth, one year
- +41%derivedbetween the last two annual amendments
- Advisor growth, one year
- +17%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +535%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
- Custody
- $1.7B, 128 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 hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$1.8B91%
- Corporations and businesses$162M8.3%
- Individuals$20.3M1.0%
- Individual clients
- 67reported
- HNW clients
- 99reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 629reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.7B for 128 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.92 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
10 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Michael James Paulus | Aspen, Co | Oct 7, 2024 | 10 y | 0 |
| Samuel Levi Rice | Bellevue, Wa | Oct 21, 2024 | 10 y | 0 |
| John Joseph Gavin III | Aspen, Co | Nov 19, 2024 | 21 y | 3 |
| Alixandria Ann TucciCertified Financial Planner | Aspen, Co | Feb 19, 2025 | 11 y | 3 |
| Kyle Matthew BoucherCertified Financial Planner | Colorado Springs, Co | Jun 6, 2025 | 11 y | 3 |
| Kate Brunori | Tampa, Fl | Feb 19, 2026 | 15 y | 1 |
| Joseph Peter HendricksonCertified Financial Planner | Aspen, Co | Apr 22, 2026 | 11 y | 0 |
| Lily Haili ZhangCertified Financial Planner | Aspen, Co | Jul 6, 2026 | 12 y | 3 |
| Logan Thomas Stelzner | Aspen, Co | Aug 5, 2026 | 13 y | 1 |
| Daric Hugh Olson | Denver, Co | Sep 10, 2026 | 12 y | 5 |
Advisor movement
1 left, 4 joined in 12 months
net +3 in 12 months0 left in 90 days3 joined in 90 daysdeparture rate 10% of current headcount3 left over 36 months
Left, latest
- Jacob Matthew Flinchum to Fisher InvestmentsNov 5, 2025 · RIA to RIA
- Aaron Wayne Bailey to Digital Ascension Group - WealthJun 16, 2025 · Other
- Keagan Nwosu to Fisher InvestmentsMay 19, 2025 · RIA to RIA
Joined, latest
- Daric Hugh Olson from Advisors Asset Management, Inc.Sep 10, 2026 · RIA to RIA
- Logan Thomas Stelzner from Empower Advisory Group, LLCAug 5, 2026 · Affiliated broker-dealer or bank to independent RIA
- Lily Haili Zhang from Seven Mile Advisory LLCJul 6, 2026 · RIA to RIA
- Kate Brunori from Fisher InvestmentsFeb 19, 2026 · RIA to RIA
- Kyle Matthew Boucher from Morgan StanleyJun 6, 2025 · Wirehouse to independent RIA
- Jacob Matthew Flinchum from Dash InvestmentsMay 7, 2025 · RIA to RIA
- Alixandria Ann Tucci from Q3 Advisors, LLCFeb 19, 2025 · Other
- Keagan Nwosu from Fisher InvestmentsJan 17, 2025 · RIA to RIA
- John Joseph Gavin III from Fisher InvestmentsNov 19, 2024 · RIA to a newly registered adviser
- Aaron Wayne Bailey from Fisher InvestmentsOct 21, 2024 · RIA to a newly registered adviser
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- James Michael Paulus · Managing Member & Chief Executive Officer, Trustee Of Paulus Family Irrevocable Trustcontrolsince 09/2024 · owns 50% to 75%
- Nmn Samuel Rice · Chief Compliance Officercontrolsince 09/2024 · owns less than 5%
- James Michael Paulus · Trusteecontrolsince 09/2024 · owns 75% or more of Paulus Family Irrevocable Trust
Entity owners
- Paulus Family Irrevocable · Ownerdirect · owns 25% to 50%
- Paulus Family Irrevocable Trust · Ownerdirect · owns 25% to 50%
Related persons
Schedule D 7.A
- Michael James Pauluspooled vehicle sponsory
- Pcm Growth, LLCpooled vehicle sponsorn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Aspen, Co · principal | 9 | 4 | 0 | ||
| Bellevue, Wa | 1 | 0 | 0 | ||
| Tampa, Fl | 1 | 1 | 0 | ||
| Addison, Tx | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
What changed
consecutive filings, newest first
- Advisory employees · 6 to 8May 27, 2026 to Jun 16, 2026
- Employees · 14 to 16May 27, 2026 to Jun 16, 2026
- State-registered IARs · 7 to 8May 27, 2026 to Jun 16, 2026
- Accounts · 489 to 629Mar 23, 2026 to May 27, 2026
- HNW clients · 66 to 99Mar 23, 2026 to May 27, 2026
- Individual clients · 61 to 67Mar 23, 2026 to May 27, 2026
- Other offices · 7 to 9Mar 23, 2026 to May 27, 2026
- Discretionary RAUM · $1.7B to $1.9BMar 23, 2026 to May 27, 2026
- HNW RAUM · $1.6B to $1.8BMar 23, 2026 to May 27, 2026
- Individual RAUM · $29.4M to $20.3MMar 23, 2026 to May 27, 2026
- RAUM · $1.7B to $1.9BMar 23, 2026 to May 27, 2026
- Accounts · 53 to 489Nov 11, 2025 to Mar 23, 2026
- Corporate clients · 0 to 1Nov 11, 2025 to Mar 23, 2026
- HNW clients · 10 to 66Nov 11, 2025 to Mar 23, 2026
- Individual clients · 10 to 61Nov 11, 2025 to Mar 23, 2026
- Pooled vehicle clients · unset to 0.0Nov 11, 2025 to Mar 23, 2026
- Assets in custody · $13.2M to $1.7BNov 11, 2025 to Mar 23, 2026
- Employees · 9 to 14Nov 11, 2025 to Mar 23, 2026
- Financial planning clients · 0 to 251-500Nov 11, 2025 to Mar 23, 2026
- State-registered IARs · 6 to 7Nov 11, 2025 to Mar 23, 2026
- Discretionary RAUM · $1.2B to $1.7BNov 11, 2025 to Mar 23, 2026
- HNW RAUM · $1.2B to $1.6BNov 11, 2025 to Mar 23, 2026
- Individual RAUM · $1.5M to $29.4MNov 11, 2025 to Mar 23, 2026
- RAUM · $1.2B to $1.7BNov 11, 2025 to Mar 23, 2026
- Financial planning clients · 0 to 0Jun 10, 2025 to Nov 11, 2025
- Other offices · 5 to 7Jun 10, 2025 to Nov 11, 2025
- Accounts · 46 to 53Feb 19, 2025 to Mar 27, 2025
- Advisory employees · 4 to 6Feb 19, 2025 to Mar 27, 2025
- HNW clients · unset to 10.0Feb 19, 2025 to Mar 27, 2025
- Individual clients · unset to 10.0Feb 19, 2025 to Mar 27, 2025
- Assets in custody · unset to 13229588.0Feb 19, 2025 to Mar 27, 2025
- Custody of client assets · false to trueFeb 19, 2025 to Mar 27, 2025
- Employees · 5 to 9Feb 19, 2025 to Mar 27, 2025
- State-registered IARs · 4 to 6Feb 19, 2025 to Mar 27, 2025
- Other offices · 1 to 5Feb 19, 2025 to Mar 27, 2025
- Discretionary RAUM · $1.3B to $1.2BFeb 19, 2025 to Mar 27, 2025
- HNW RAUM · $1.3B to $1.2BFeb 19, 2025 to Mar 27, 2025
- Individual RAUM · $1.1M to $1.5MFeb 19, 2025 to Mar 27, 2025
- RAUM · $1.3B to $1.2BFeb 19, 2025 to Mar 27, 2025
- Accounts · 0 to 46Nov 19, 2024 to Dec 13, 2024
Signals
6 dated events
- Lily Haili Zhang no longer holds an investment adviser registration (last listed at Pcm Encore, Llc on the 2026-09-14 feed)Sep 14, 2026 · Advisor registration ended · derived
- Pcm Encore, Llc reported RAUM $1.7B, up 41% from $1.2B (2025-11-11 to 2026-03-23)Mar 23, 2026 · RAUM change · derived
- Jacob Matthew Flinchum left Pcm Encore, Llc for Fisher Investments (registered 2026-01-15)Nov 5, 2025 · Advisor changed firm · fact
- Aaron Wayne Bailey left Pcm Encore, Llc for Digital Ascension Group - Wealth (registered 2026-01-27)Jun 16, 2025 · Advisor changed firm · fact
- Keagan Nwosu left Pcm Encore, Llc for Fisher Investments (registered 2025-11-21)May 19, 2025 · Advisor changed firm · fact
- Pcm Encore, Llc filed its initial SEC registration (Form ADV)Sep 3, 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
- hello@encoreinvestment.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 425-214-1755reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/pcm-encorereportedpublic record, Form ADV, Sep 17, 2026
- Website
- encoreinvestment.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 425-214-1755reportedpublic record, Form ADV, Jun 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
- $194Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026