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
Inflection Capital Management, LLC
Latest filing Sep 10, 2026
First filing on the tape Sep 16, 2024 · 11 filings
SEC status approved since Nov 7, 2024
RAUM
$366M
reported, Item 5.F
Discretionary
47%
of RAUM
Private clients
100%
$365M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$52.2M
derived; firm RAUM over IAPD count
Employees
9
8 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$366M as of Jul 2, 2026
Mar 7, 2025$188M then
HNW client RAUM$365M as of Jul 2, 2026
Mar 7, 2025$188M then
State-registered IARs (5.B.3)6 as of Jul 2, 2026
Mar 7, 20251 then
Employees (5.A)9 as of Jul 2, 2026
Mar 7, 20253 then
Private funds: no history
RAUM +94% over the last fiscal yearIARs 1 to 6offices 0 to 3
Practice profile
derived from the filing of Sep 10, 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
- $52.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 2derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $21.5MderivedHNW RAUM over HNW clients
- Average account
- $3.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 47%derivedof RAUM
- Institutional
- 0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 1.8derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +94%derivedbetween the last two annual amendments
- Advisor growth, one year
- +500%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- 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
- $17.5M, 7 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- 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$365M100%
- Charitable organizations$548,8970.2%
- Individual clients
- 0reported
- HNW clients
- 17reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 103reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- $17.5M for 7 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Justin Michael Kunz | San Anselmo, Ca | Nov 15, 2024 | 21 y | 4 |
| Matthew Scott BlindChartered Financial Analyst | Hingham, Ma | May 23, 2025 | 17 y | 1 |
| Hunter William SteadleyCertified Financial Planner, Chartered Financial Analyst | San Francisco, Ca | May 27, 2025 | 13 y | 5 |
| James Patrick MachinchickCertified Financial Planner | San Francisco, Ca | May 30, 2025 | 17 y | 3 |
| Samuel Gordon StantonCertified Financial Planner | Hingham, Ma | Jul 11, 2025 | 10 y | 2 |
| Philip Anthony Ierardi | San Francisco, Ca | Aug 5, 2025 | 31 y | 1 |
| Colin Daniel Fitzgibbons | San Francisco, Ca | Apr 7, 2026 | 10 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
- Philip Anthony Ierardi from Strategic Advisers LLCAug 5, 2025 · Affiliated broker-dealer or bank to independent RIA
- Samuel Gordon Stanton from Lake Street AdvisorsJul 11, 2025 · RIA to RIA
- James Patrick Machinchick from Lake Street AdvisorsMay 30, 2025 · RIA to RIA
- Hunter William Steadley from Lake Street AdvisorsMay 27, 2025 · RIA to RIA
- Matthew Scott Blind from Tortoiseecofin Investments Partners, LLCMay 23, 2025 · Other
- Justin Michael Kunz from Blackrock Investment Management, LLCNov 15, 2024 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from Lake Street AdvisorsFeb 20, 2025 · Portsmouth, Nh
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Michael Justin Kunz · Managing Membercontrolsince 09/2024 · owns 75% or more
- Daniel Patrick Hayes · Chief Compliance Officersince 09/2024 · 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 |
|---|---|---|---|---|---|
| San Francisco, Ca · principal | 7 | 1 | 0 | ||
| Hingham, Ma | 4 | 1 | 0 | ||
| Portsmouth, Nh | 2 | 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
- discretionary share shiftChange between filings · filing Apr 24, 2026discretionary share of RAUM moved from 100.0% to 47.0% between the annual amendments of 2025-03-07 and 2026-04-24peers: independent wealth managers, $100M to $500M (5,676)
- RAUM up 50 %Change between filings · filing Apr 24, 2026RAUM (Item 5.F) moved from $188,452,825 to $365,605,247 (+94.0%) between the annual amendments of 2025-03-07 and 2026-04-24; the peer median change was +15.0% (4551 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,551) · 99% percentile
What changed
consecutive filings, newest first
- Financial planning clients · 11-25 to 11-25Jul 2, 2026 to Sep 10, 2026
- Succession · false to unsetJul 2, 2026 to Sep 10, 2026
- Other offices · 2 to 3Mar 23, 2026 to Apr 24, 2026
- Accounts · 9 to 103Oct 31, 2025 to Mar 23, 2026
- Advisory employees · 5 to 8Oct 31, 2025 to Mar 23, 2026
- HNW clients · 0 to 17Oct 31, 2025 to Mar 23, 2026
- Assets in custody · unset to 17493227.0Oct 31, 2025 to Mar 23, 2026
- Custody of client assets · false to trueOct 31, 2025 to Mar 23, 2026
- Financial planning clients · 1-10 to 11-25Oct 31, 2025 to Mar 23, 2026
- State-registered IARs · 1 to 6Oct 31, 2025 to Mar 23, 2026
- Discretionary RAUM · $188M to $170MOct 31, 2025 to Mar 23, 2026
- HNW RAUM · $188M to $365MOct 31, 2025 to Mar 23, 2026
- Non-discretionary RAUM · $0 to $196MOct 31, 2025 to Mar 23, 2026
- RAUM · $188M to $366MOct 31, 2025 to Mar 23, 2026
- Financial planning clients · 1-10 to 1-10May 9, 2025 to Jul 17, 2025
- Related adviser · false to trueMay 9, 2025 to Jul 17, 2025
- Advisory employees · 2 to 5Mar 7, 2025 to May 9, 2025
- Employees · 3 to 9Mar 7, 2025 to May 9, 2025
- Other offices · 0 to 2Mar 7, 2025 to May 9, 2025
- Accounts · 0 to 9Nov 15, 2024 to Mar 7, 2025
- Advisory employees · 1 to 2Nov 15, 2024 to Mar 7, 2025
- Employees · 1 to 3Nov 15, 2024 to Mar 7, 2025
- Financial planning clients · 0 to 1-10Nov 15, 2024 to Mar 7, 2025
- Discretionary RAUM · $0 to $188MNov 15, 2024 to Mar 7, 2025
- HNW RAUM · $0 to $188MNov 15, 2024 to Mar 7, 2025
- RAUM · $0 to $188MNov 15, 2024 to Mar 7, 2025
Signals
3 dated events
- Inflection Capital Management, Llc reported RAUM $365.6M, up 94% from $188.5M (2025-10-31 to 2026-03-23)Mar 23, 2026 · RAUM change · derived
- 3 advisors left Lake Street Advisors (Portsmouth, NH) for Inflection Capital Management, LLC on the same dayFeb 20, 2025 · Team lift-out · derived
- Inflection Capital Management, Llc filed its initial SEC registration (Form ADV)Sep 16, 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
- 415-450-6556reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/toc-23reportedpublic record, Form ADV, Sep 17, 2026
- Firm profile
- linkedin.com/company/inflection-capital-managementreportedpublic record, Form ADV, Sep 17, 2026
- Website
- inflectioncm.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 415-450-6556reportedpublic record, Form ADV, Sep 10, 2026
- Contact form
- inflectioncm.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- inflectioncm.com/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
- $52.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026