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

Security Capital Management

Independent wealth managerWheeling, West VirginiaCRD 396SEC 801-66333websiteIAPD
Legal name Hazlett, Burt & Watson, Inc.
Latest filing Mar 25, 2026
First filing on the tape Mar 26, 2012 · 25 filings
SEC status approved since Mar 29, 2006
RAUM
$1.4B
reported, Item 5.F
Discretionary
54%
of RAUM
Private clients
96%
$1.3B individuals and HNW
Advisors
20
registered through the firm on IAPD
RAUM per advisor
$69.4M
derived; firm RAUM over IAPD count
Employees
20
14 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$1.4B as of Mar 25, 2026
Mar 26, 2012$394M then
HNW client RAUM$874M as of Mar 25, 2026
Mar 26, 2018$407M then
State-registered IARs (5.B.3)20 as of Mar 25, 2026
Mar 26, 20120 then
Employees (5.A)20 as of Mar 25, 2026
Mar 26, 201332 then
Private funds: no history
RAUM +16% over the last fiscal year+12% a year over threeIARs 19 to 20
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$69.4MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
118derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.4MderivedHNW RAUM over HNW clients
Average account
$578,797derivedRAUM over accounts (5.F.2.f)
Discretionary
54%derivedof RAUM
Institutional
3.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
5.0derived4 offices incl. principal (1.F.5)
RAUM growth, one year
+16%derivedbetween the last two annual amendments
Advisor growth, one year
+5.3%derivedItem 5.B.3 between annual amendments
Client growth, one year
+3.7%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
Wrap fee program
$1.4BreportedItem 5.I
Custody
$1.4B, 2,362 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
  • is a broker-dealer (6.A.1)
  • is an insurance broker or agent (6.A.6)
  • 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)
  • 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$874M63%
  • Individuals$458M33%
  • Pension and profit-sharing plans$30.6M2.2%
  • Charitable organizations$16.0M1.1%
  • Corporations and businesses$10.2M0.7%
Individual clients
1,744reported
HNW clients
613reported
Pension plan clients
11reported
Charitable clients
19reported
Accounts
2,399reported
Financial planning clients
251-500reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$1.4B for 2,362 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.96 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=19.0derived
Advisors registered through the firm
20 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
George Sperry WeaverLancaster, PaMar 30, 200643 y0
Thomas James MorrisonWheeling, Wv Mar 30, 200630 y0
Gregory Francis MarquartWheeling, WvMar 30, 200622 y0
Michael Thompson BarickmanWheeling, WvMar 31, 200640 y0
Jason Lee MarshWheeling, WvMar 31, 200622 y0
Marilynn Sue EcholsWheeling, WvMar 31, 200655 y0
Harold Bruce BurechWheeling, WvMar 31, 200649 y0
Timothy Morgan BidwellPaden City, Wv Mar 31, 200625 y0
Steven Thomas SellChartered Financial ConsultantLancaster, PaJun 2, 200629 y0
William Lias ParasWheeling, WvFeb 15, 200722 y0
C. Lewis JohnsonVienna, WvJun 2, 200945 y1
Joshua Earl BraunlichWheeling, WvOct 4, 201218 y1
Walker P. HollowayCertified Financial PlannerWheeling, WvJul 17, 201313 y0
Jeanne Marie MillerLancaster, PaJan 31, 201425 y2
Melanie HerbstCertified Financial PlannerVienna, WvOct 25, 201712 y1
Joyce Ann LibbyCertified Financial PlannerLancaster, PaMar 25, 201918 y1
Shane Vincent PamphilisWheeling, WvMay 21, 202110 y1
Tarina Sue NeelyWheeling, WvOct 11, 202329 y0
Matthew J HerinkBarnesville, OhDec 3, 202421 y1
Joseph D. HessChartered Financial AnalystLancaster, PaJan 21, 202517 y1
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 headcount2 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Michael Thompson Barickman · Exec Vp / Directorcontrol
    since 02/2006 · owns less than 5%
  • Timothy Morgan Bidwell · Exec Vp / Cfo / Chief Compliance Officer / Directorcontrol
    since 04/2005 · owns less than 5%
  • Harold Bruce Burech · Director /Sr Vpcontrol
    since 04/1981 · owns less than 5%
  • Marilynn Sue Echols · Executive Vice President / Directorcontrol
    since 08/2011 · owns less than 5%
  • Jason Lee Marsh · Chairman / Ceo / Directorcontrol
    since 04/2021 · owns less than 5%
  • George Sperry III Weaver · Sr Exec Vp / Directorcontrol
    since 04/2005 · owns less than 5%
Entity owners
  • Hb&W, Inc. · Parent Company
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • Security National Trust Co.
    n
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Wheeling, Wv · principal1200
Lancaster, Pa500
Barnesville, Oh300
Vienna, Wv200
Offices
Schedule D 1.F, the 25 largest
  • Lancaster, PA4 employees
  • Vienna, WV2 employees
  • Barnesville, OH2 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Mar 25, 2026
    ECHOLS, MARILYNN SUE (EXECUTIVE VICE PRESIDENT / DIRECTOR) left Schedule A between the filings of 2015-03-03 and 2026-03-25
    peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
  • Accounts · 2,314 to 2,399
    Nov 10, 2025 to Mar 25, 2026
  • Advisory employees · 13 to 14
    Nov 10, 2025 to Mar 25, 2026
  • BD registered reps · 18 to 19
    Nov 10, 2025 to Mar 25, 2026
  • Charity clients · 18 to 19
    Nov 10, 2025 to Mar 25, 2026
  • Corporate clients · 10 to 12
    Nov 10, 2025 to Mar 25, 2026
  • HNW clients · 545 to 613
    Nov 10, 2025 to Mar 25, 2026
  • Individual clients · 1,728 to 1,744
    Nov 10, 2025 to Mar 25, 2026
  • Pension plan clients · 13 to 11
    Nov 10, 2025 to Mar 25, 2026
  • Assets in custody · $1.2B to $1.4B
    Nov 10, 2025 to Mar 25, 2026
  • Employees · 19 to 20
    Nov 10, 2025 to Mar 25, 2026
  • State-registered IARs · 19 to 20
    Nov 10, 2025 to Mar 25, 2026
  • Discretionary RAUM · $619M to $748M
    Nov 10, 2025 to Mar 25, 2026
  • HNW RAUM · $714M to $874M
    Nov 10, 2025 to Mar 25, 2026
  • Individual RAUM · $433M to $458M
    Nov 10, 2025 to Mar 25, 2026
  • Non-discretionary RAUM · $579M to $641M
    Nov 10, 2025 to Mar 25, 2026
  • Pension RAUM · $29.8M to $30.6M
    Nov 10, 2025 to Mar 25, 2026
  • RAUM · $1.2B to $1.4B
    Nov 10, 2025 to Mar 25, 2026
  • Accounts · 2,291 to 2,314
    Dec 18, 2024 to Mar 24, 2025
  • Advisory employees · 16 to 13
    Dec 18, 2024 to Mar 24, 2025
  • BD registered reps · 21 to 18
    Dec 18, 2024 to Mar 24, 2025
  • Charity clients · 19 to 18
    Dec 18, 2024 to Mar 24, 2025
  • Corporate clients · 9 to 10
    Dec 18, 2024 to Mar 24, 2025
  • HNW clients · 517 to 545
    Dec 18, 2024 to Mar 24, 2025
  • Individual clients · 1,731 to 1,728
    Dec 18, 2024 to Mar 24, 2025
  • Pension plan clients · 15 to 13
    Dec 18, 2024 to Mar 24, 2025
  • Assets in custody · $993M to $1.2B
    Dec 18, 2024 to Mar 24, 2025
  • Employees · 21 to 19
    Dec 18, 2024 to Mar 24, 2025
  • Financial planning clients · 251-500 to 251-500
    Dec 18, 2024 to Mar 24, 2025
  • State-registered IARs · 21 to 19
    Dec 18, 2024 to Mar 24, 2025
  • Discretionary RAUM · $502M to $619M
    Dec 18, 2024 to Mar 24, 2025
  • HNW RAUM · $567M to $714M
    Dec 18, 2024 to Mar 24, 2025
  • Individual RAUM · $401M to $433M
    Dec 18, 2024 to Mar 24, 2025
  • Non-discretionary RAUM · $517M to $579M
    Dec 18, 2024 to Mar 24, 2025
  • Pension RAUM · $30.5M to $29.8M
    Dec 18, 2024 to Mar 24, 2025
  • RAUM · $1.0B to $1.2B
    Dec 18, 2024 to Mar 24, 2025
  • Accounts · 2,113 to 2,291
    Sep 5, 2023 to Mar 26, 2024
  • Advisory employees · 14 to 16
    Sep 5, 2023 to Mar 26, 2024
  • BD registered reps · 18 to 21
    Sep 5, 2023 to Mar 26, 2024
  • Charity clients · 18 to 19
    Sep 5, 2023 to Mar 26, 2024
  • Corporate clients · 11 to 9
    Sep 5, 2023 to Mar 26, 2024
Signals
4 dated events
  • Anthony Gaetano Decicco left Security Capital Management for Savvy (registered 2025-03-11)
    Feb 7, 2025 · Advisor changed firm · fact
  • George Sperry Jr Weaver (Director) no longer on Schedule A of Security Capital Management (listed 2024-03-26, absent 2024-12-18)
    Dec 18, 2024 · Control person left · inference
  • Tyler Andrew Brautigan left Security Capital Management for Commonwealth Financial Services (registered 2024-05-09)
    Jul 24, 2024 · Advisor changed firm · fact
  • Mark Steven Prince (President / Ceo / Chairman) no longer on Schedule A of Security Capital Management (listed 2021-03-29, absent 2022-03-10)
    Mar 10, 2022 · Control person left · inference
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
800-537-8985reportedpublished by the firm, firm site, Sep 17, 2026
Website
HAZLETTBURT.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
304-233-3312reportedpublic record, Form ADV, Mar 25, 2026
Contact form
hazlettburt.com/contact-top-financial-advisors-in-wv-pa-ohreportedpublished by the firm, firm site, Sep 17, 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
$69.4Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026