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

P• N••• F•••••••• S••••••• L••

Independent wealth managerNewtown, PennsylvaniaCRD 333595SEC 801-131527website IAPD

Latest filing Apr 17, 2026

First filing on the tape Oct 28, 2024 · 11 filings

SEC status approved since Dec 4, 2024

RAUM

$654M

reported, Item 5.F

Discretionary

99%

of RAUM

Private clients

96%

$629M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$109M

derived; firm RAUM over IAPD count

Employees

6 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

11 filings and snapshots on the tape

RAUM$654M as of Apr 17, 2026

Jan 10, 2025$0 then

HNW client RAUM$474M as of Apr 17, 2026

Feb 6, 2025$0 then

State-registered IARs (5.B.3)6 as of Apr 17, 2026

Jan 10, 20253 then

Employees (5.A)6 as of Apr 17, 2026

Jan 10, 20253 then

Private funds: no history

RAUM +112% over the last fiscal yearIARs 3 to 6

Practice profile

derived from the filing of Apr 17, 2026; every figure names its basis

Archetypes, each a printed rule

HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
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
Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets

RAUM per advisor: $109MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 120derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $3.4MderivedHNW RAUM over HNW clients
Average account: $381,978derivedRAUM over accounts (5.F.2.f)
Discretionary: 99%derivedof RAUM
Institutional: 3.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.0derivedItem 5.A over advisors
Advisors per office: 6.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year: +112%derivedbetween the last two annual amendments
Advisor growth, one year: +100%derivedItem 5.B.3 between annual amendments
Client growth, one year: +317%derived
Compensation: percentage of assetsreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
Wrap fee program: $654MreportedItem 5.I
Ownership: no PE, bank or public-company owner found on Schedule Aderived
Firms absorbed, 24 months: 1derivedhalf or more of a firm's advisors moved here within 14 days
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)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$474M72%
Individuals$155M24%
State and municipal entities$12.1M1.9%
Pension and profit-sharing plans$11.5M1.8%
Charitable organizations$1.8M0.3%

Individual clients: 581reported
HNW clients: 140reported
Pension plan clients: 6reported
Charitable clients: 5reported
Accounts: 1,713reported
Financial planning clients: 101-250reported
Wrap fee programs: $0 sponsored, $0 managedreported
Custody of client assets: noreported
Compensation: % of AUMreported
Class basis: private_client_share=0.96 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0derived

Advisors registered through the firm

6 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
M•••••• R•••••• S••••Certified Financial Planner	Newtown, Pa	Jan 6, 2025	19 y	3
J••• K•••••• W••••••••	Miami Beach, Fl	Jan 10, 2025	34 y	4
B•••• J••••• H•••••••Certified Financial Planner	Newtown, Pa	Feb 11, 2026	11 y	3
C••••••••• M••••••Certified Financial Planner	Newtown, Pa	Feb 12, 2026	24 y	3
K•••••• C•••••• C•••••••	Newtown, Pa	Feb 27, 2026	24 y	4
M•••••• D•••• C•••••••	Newtown, Pa	Mar 27, 2026	30 y	2

Advisor movement

0 left, 4 joined in 12 months

net +4 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

M•••••• D•••• C••••••• from P•• F••••••••
Mar 27, 2026 · RIA to RIA
K•••••• C•••••• C••••••• from P•• F••••••••
Feb 27, 2026 · RIA to RIA
C••••••••• M•••••• from P•• F••••••••
Feb 12, 2026 · RIA to RIA
B•••• J••••• H••••••• from P•••••••• P•••••• W•••••• L••
Feb 11, 2026 · RIA to RIA
J••• K•••••• W•••••••• from J••• E••••••••• L••
Jan 10, 2025 · RIA to a newly registered adviser
M•••••• R•••••• S•••• from J••• E••••••••• L••
Jan 6, 2025 · RIA to a newly registered adviser

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

3 joined from P•• F••••••••
Dec 31, 2025 · Newtown, Pa · Firm absorbed
2 joined from J••• E••••••••• L••
Apr 24, 2025 · Newtown, Pa

Teams out Teams in

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

L•••••• A••• C•••••••• · Chief Compliance Officercontrol
since 09/2024 · owns less than 5%
W••••••••• J•••• K•••••• · Ceocontrol
since 09/2024 · owns less than 5%
M••••••• C••••••••• · Managing Membercontrol
since 07/2016 · owns 75% or more of C•• W••••• P•••••••
W••••••••• J•••• K•••••• · Managing Membercontrol
since 07/2016 · owns 75% or more of S•••••• E••••••••• I••

Entity owners

C•• W••••• P••••••• · Holding Company
direct · owns 50% to 75%
S•••••• E••••••••• I•• · Holding Company
direct · owns 50% to 75%

Related persons

Schedule D 7.A

J••• E••••••••• L••
investment advisernRAUM $722M

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
Newtown, Pa · principal	6	4	0

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

ADV anomalies

3 against comparable advisers; where to look, not conclusions

RAUM up 50 %Change between filings · filing Apr 17, 2026
RAUM (Item 5.F) moved from $307,933,000 to $654,328,582 (+112.0%) between the annual amendments of 2025-04-01 and 2026-04-17; the peer median change was +16.0% (1385 comparable advisers, 99.0th percentile of changes)
peers: independent wealth managers, $500M to $1B (1,385) · 99% percentile
account count surgeChange between filings · filing Apr 17, 2026
accounts (Item 5.F.2.f) moved from 569.0 to 1,713.0 (+201.0%) between the annual amendments of 2025-04-01 and 2026-04-17; the peer median change was +6.0% (1256 comparable advisers, 99.0th percentile of changes)
peers: independent wealth managers, $500M to $1B (1,256) · 99% percentile
client count surgeChange between filings · filing Apr 17, 2026
individual and HNW clients (Item 5.D) moved from 173.0 to 721.0 (+317.0%) between the annual amendments of 2025-04-01 and 2026-04-17; the peer median change was +5.0% (1216 comparable advisers, 100.0th percentile of changes)
peers: independent wealth managers, $500M to $1B (1,216) · 100% percentile

How anomalies are measured

What changed

consecutive filings, newest first

Accounts · 569 to 1,713
Dec 22, 2025 to Mar 19, 2026
Advisory employees · 3 to 6
Dec 22, 2025 to Mar 19, 2026
Business name · J• N••• W••••• P••••••• to P• N••• F•••••••• S••••••• L••
Dec 22, 2025 to Mar 19, 2026
Charity clients · 2 to 5
Dec 22, 2025 to Mar 19, 2026
HNW clients · 63 to 140
Dec 22, 2025 to Mar 19, 2026
Individual clients · 110 to 581
Dec 22, 2025 to Mar 19, 2026
Pension plan clients · 5 to 6
Dec 22, 2025 to Mar 19, 2026
Employees · 3 to 6
Dec 22, 2025 to Mar 19, 2026
Financial planning clients · More than 500 to 101-250
Dec 22, 2025 to Mar 19, 2026
State-registered IARs · 3 to 6
Dec 22, 2025 to Mar 19, 2026
Discretionary RAUM · $297M to $650M
Dec 22, 2025 to Mar 19, 2026
HNW RAUM · $245M to $474M
Dec 22, 2025 to Mar 19, 2026
Individual RAUM · $40.3M to $155M
Dec 22, 2025 to Mar 19, 2026
Non-discretionary RAUM · $11.0M to $4.2M
Dec 22, 2025 to Mar 19, 2026
Pension RAUM · $11.0M to $11.5M
Dec 22, 2025 to Mar 19, 2026
RAUM · $308M to $654M
Dec 22, 2025 to Mar 19, 2026
Financial planning clients · 0 to More than 500
Apr 1, 2025 to Dec 22, 2025
Accounts · 0 to 569
Feb 6, 2025 to Apr 1, 2025
Charity clients · 0 to 2
Feb 6, 2025 to Apr 1, 2025
HNW clients · 0 to 63
Feb 6, 2025 to Apr 1, 2025
Individual clients · 0 to 110
Feb 6, 2025 to Apr 1, 2025
Pension plan clients · 0 to 5
Feb 6, 2025 to Apr 1, 2025
Financial planning clients · 0 to 0
Feb 6, 2025 to Apr 1, 2025
Discretionary RAUM · $0 to $297M
Feb 6, 2025 to Apr 1, 2025
HNW RAUM · $0 to $245M
Feb 6, 2025 to Apr 1, 2025
Individual RAUM · $0 to $40.3M
Feb 6, 2025 to Apr 1, 2025
Non-discretionary RAUM · $0 to $11.0M
Feb 6, 2025 to Apr 1, 2025
Pension RAUM · $0 to $11.0M
Feb 6, 2025 to Apr 1, 2025
RAUM · $0 to $308M
Feb 6, 2025 to Apr 1, 2025
Charity clients · unset to 0.0
Jan 10, 2025 to Feb 6, 2025
Corporate clients · unset to 0.0
Jan 10, 2025 to Feb 6, 2025
HNW clients · unset to 0.0
Jan 10, 2025 to Feb 6, 2025
Individual clients · unset to 0.0
Jan 10, 2025 to Feb 6, 2025
Pension plan clients · unset to 0.0
Jan 10, 2025 to Feb 6, 2025
Pooled vehicle clients · unset to 0.0
Jan 10, 2025 to Feb 6, 2025
HNW RAUM · unset to 0.0
Jan 10, 2025 to Feb 6, 2025
Individual RAUM · unset to 0.0
Jan 10, 2025 to Feb 6, 2025
Pension RAUM · unset to 0.0
Jan 10, 2025 to Feb 6, 2025
Pooled vehicle RAUM · unset to 0.0
Jan 10, 2025 to Feb 6, 2025
Advisory employees · 2 to 3
Dec 11, 2024 to Jan 10, 2025

Signals

4 dated events

P• N••• F•••••••• S••••••• L•• reported RAUM $654.3M, up 112% from $307.9M (2025-12-22 to 2026-03-19)
Mar 19, 2026 · RAUM change · derived
P•• F••••••••'s advisors moved to P• N••• F•••••••• S••••••• L•• (Newtown, PA): 3 of 3 registered, on the same day
Dec 31, 2025 · Firm absorbed (people side) · derived
2 advisors left J••• E••••••••• L•• (Newtown, PA) for P• N••• F•••••••• S••••••• L•• on the same day
Apr 24, 2025 · Team lift-out · derived
P• N••• F•••••••• S••••••• filed its initial SEC registration (Form ADV)
Oct 28, 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: i•••@j•••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Business phone: 267-753-7064reportedpublished by the firm, firm site, Sep 15, 2026
Business phone: 267-753-7065reportedpublished by the firm, firm site, Sep 15, 2026
Business phone: 267-753-7067reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile: linkedin.com/company/pwafinancialreportedpublic record, Form ADV, Sep 18, 2026
Website: j•••••.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone: 267-753-7065reportedpublic record, Form ADV, Apr 17, 2026
Contact form: j•••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Team page: j•••••.comreportedpublished 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: $109Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026