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

M• H••••••• S••••••••• I•••

Broker-dealer affiliated wealth managerPortland, OregonCRD 43285SEC 801-57304websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Mar 8, 2012 · 60 filings
SEC status approved since Mar 14, 2000
RAUM
$3.2B
reported, Item 5.F
Discretionary
61%
of RAUM
Private clients
95%
$3.0B individuals and HNW
Advisors
179
registered through the firm on IAPD
RAUM per advisor
$17.9M
derived; firm RAUM over IAPD count
Employees
1,442
171 advisory (5.B.1)
Offices
105
beyond the principal office
Private funds
0
reported on Schedule D
History
60 filings and snapshots on the tape
RAUM$3.2B as of Mar 31, 2026
Mar 8, 2012$430M then
HNW client RAUM$1.2B as of Mar 31, 2026
Mar 30, 2018$1.7B then
State-registered IARs (5.B.3)222 as of Mar 31, 2026
Mar 27, 2013149 then
Employees (5.A)1,442 as of Mar 31, 2026
Mar 27, 2013149 then
Private funds: no history
RAUM -21% over the last fiscal year-6.6% a year over threeIARs 222 to 222
Practice profile
derived from the filing of Mar 31, 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)
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$17.9MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
24derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$14.8MderivedHNW RAUM over HNW clients
Average account
$395,112derivedRAUM over accounts (5.F.2.f)
Discretionary
61%derivedof RAUM
Institutional
0.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
8.1derivedItem 5.A over advisors
Advisors per office
1.7derived106 offices incl. principal (1.F.5)
RAUM growth, one year
-21%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+23%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, publications, educational seminarsreportedItem 5.G
Wrap fee program
$1.5BreportedItem 5.I
Ownership
controlled by a public reporting companyderived
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 securities (9.A.1.b)
  • controlled by a public reporting company (10.A)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$1.9B59%
  • High-net-worth individuals$1.2B36%
  • Corporations and businesses$164M5.1%
  • Pension and profit-sharing plans$11.9M0.4%
Individual clients
4,290reported
HNW clients
78reported
Pension plan clients
15reported
Charitable clients
n/areported
Accounts
8,115reported
Financial planning clients
51-100reported
Wrap fee programs
$25.5M sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.95 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=709.0derived
Advisors registered through the firm
173 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
M•••••• W•••• C••••Certified Financial PlannerN••••Field, IlApr 30, 200136 y0
L•• A•••• M•••••Tampa, FlMay 7, 200135 y0
J••• B•••• L•••••Austin, TxOct 3, 200130 y1
J••• D••••• V••••••••Torrance, CaJul 31, 200234 y0
S•••• A••••• G••••••••Park City, Ut Sep 18, 200234 y0
J•••••• A••• P••••••Coral Gables, Fl Apr 12, 200327 y0
J•••• S••••••• G•••••Certified Financial PlannerChattanooga, TnMar 29, 200443 y1
C•••••• T••••• P•••••Chartered Financial ConsultantCollege Grove, TnMar 29, 200438 y0
R••••• J••• K•••••••Chattanooga, TnMar 29, 200428 y1
K•••••• S••••••• I••••N•••Ville, TnApr 1, 200440 y0
D•••• C••••••••• G•••••••••Daytona Beach, FlJun 30, 200443 y1
J••••• M• D•••••Daytona Beach, FlJun 30, 200432 y1
S•••••• J•• D••••Naples, Fl Aug 5, 200428 y2
R••••• B•••• P•••••Greensboro, NcSep 17, 200454 y1
J•••••• C•••••• B•••••••P••••Sburg, OhOct 5, 200441 y2
F•••••• D•••• B••••Certified Financial Planner, Chartered Financial ConsultantBerwyn, PaNov 24, 200450 y0
C••••••••• A•••••••• R••••Greensboro, NcMar 28, 200523 y0
A•••• M•••••• K•••••Chartered Financial ConsultantSkokie, IlDec 2, 200541 y1
C••••••• W••••• J••••Daytona Beach, FlOct 26, 200641 y1
D••••• L•• E•••••Gilbert, Az Nov 17, 200642 y2
R••••• F••••••• S•••••••••Chartered Financial ConsultantOmaha, NeFeb 29, 200832 y0
R•••••• C•••••• N•••Portland, Or Apr 29, 200919 y1
J••• A•• I••••••••Mattawan, Mi Mar 5, 201018 y0
J•••• E••••• C•••••Chartered Financial ConsultantLittleton, CoMar 19, 201035 y1
A••• L•••• T•••••Certified Financial PlannerDenver, CoMar 22, 201022 y0
C••• W•••••• D•••••••••Mattawan, Mi Jun 1, 201028 y0
G••• B•••••••Chartered Financial ConsultantPortland, Or Oct 29, 201029 y2
M•••••• K•••••• D•••••••••Madison, Nj Oct 29, 201035 y2
F•••••• J••• L•••••••Chartered Financial ConsultantPortland, Or Nov 22, 201034 y2
D••••• S••••••••• A•••Madison, Nj Nov 22, 201028 y2
D•••• W•••• B•••••••Highland, Il Feb 15, 201226 y5
D••••• B•••• P••••••Chartered Financial ConsultantHighland, Il Feb 15, 201235 y4
S•••• M• J••••••Chartered Financial ConsultantBerwyn, PaMar 5, 201218 y0
G•••••• M•••••• D••••••Chartered Financial ConsultantLondonJun 12, 201225 y1
S•••• A••••• H••••••Certified Financial PlannerKalamazoo, MiJun 14, 201225 y1
J•••• G••• K••••••Chartered Financial ConsultantGreensboro, NcJul 3, 201220 y0
M••• D• D•••Daytona Beach, FlAug 21, 201215 y0
D•••••• M••• B•••••••Covington, KySep 28, 201230 y1
M••••• H•••••• C•••Chartered Financial ConsultantPhoenix, AzNov 20, 201244 y0
K•••• M• E•••••Chartered Financial ConsultantWaterloo, IaDec 21, 201214 y0
All 173 advisors at M• H••••••• S••••••••• I•••
Advisor movement
12 left, 11 joined in 12 months
net -1 in 12 months2 left in 90 days1 joined in 90 daysdeparture rate 6.7% of current headcount75 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • K••••• K•••• B•••• · Treasurercontrol
    since 06/2006 · owns less than 5%
  • S••••••••• M•••••• S•• · Chief Executive Officercontrol
    since 01/2023 · owns less than 5%
  • H••••••••• L•••• E•••••••• · Vice President - P•••••••• Operations Officer
    since 01/2024 · owns less than 5%
  • L•••••• S••••• C•••••• · Chief Compliance Officer
    since 10/2023 · owns less than 5%
  • R•••••• M•••• R•••• · P•••••••• Financial Officer
    since 09/2007 · owns less than 5%
Entity owners
  • M• F•••••••• H••••••• I••••••••• · Equity Owner
    direct · owns 75% or more
Related persons
Schedule D 7.A
Advisers that list M• H••••••• S••••••••• I••• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Portland, Or · principal7033
Dallas, Tx1662
Detroit, Mi720
Denver, Co600
Tampa, Fl600
Kalamazoo, Mi510
San Jose, Ca410
Prairie Village, Ks400
N••••Field, Il410
Cl••••And, Oh410
A••••Town, Pa400
Daytona Beach, Fl400
Uniondale, Ny300
Berwyn, Pa300
Bethesda, Md300
Charlotte, Nc300
Chattanooga, Tn300
Coral Gables, Fl310
Covington, Ky300
Greensboro, Nc300
Offices
Schedule D 1.F, the 25 largest
  • Morristown, NJ23 employees
  • Newtown, PA10 employees
  • Red Bank, NJ9 employees
  • Denver, CO9 employees
  • A••••Town, PA8 employees
  • Daytona Beach, FL7 employees
  • Madison, NJ7 employees
  • Detroit, MI7 employees
  • Kalamazoo, MI7 employees
  • Bethesda, MD6 employees
  • W••• Hartford, CT5 employees
  • Tampa, FL5 employees
  • Minneapolis, MN5 employees
  • Palm Beach Garden, FL5 employees
  • Denver, CO5 employees
  • Berwyn, PA4 employees
  • Chattanooga, TN4 employees
  • Highland, IL4 employees
  • Prairie Village, KS4 employees
  • Cranford, NJ4 employees
  • Covington, KY3 employees
  • Greensboro, NC3 employees
  • N••••Field, IL3 employees
  • Omaha, NE3 employees
  • Charlotte, NC3 employees
ADV anomalies
7 against comparable advisers; where to look, not conclusions
  • institutional to wealth shiftCombination · filing Mar 31, 2026
    institutional share fell 15 points or more while private-client share rose 15 points or more. RAUM $4,078,516,284 to $3,206,330,654, advisors 222 to 222, private clients 3537 to 4368, offices 105 to 105 (2025-03-28 to 2026-03-31)
    peers: affiliated wealth managers, $1B to $5B (56)
  • unusually large average HNW c•••••Static outlier · filing Mar 31, 2026
    HNW RAUM per HNW client of $14,750,493 against a peer median of $1,749,345 (49 comparable advisers, 100.0th percentile, 8.8 robust deviations)
    peers: affiliated wealth managers, $1B to $5B (49) · 100% percentile
  • high employee count relative to a••••••sStatic outlier · filing Mar 31, 2026
    employees per registered advisor of 8.1 against a peer median of 1.1 (56 comparable advisers, 98.0th percentile, 22.3 robust deviations)
    peers: affiliated wealth managers, $1B to $5B (56) · 98% percentile
  • c••••• mix shiftChange between filings · filing Mar 31, 2026
    private-client share of RAUM moved from 60.0% to 95.0% between the annual amendments of 2025-03-28 and 2026-03-31
    peers: affiliated wealth managers, $1B to $5B (56)
  • control person changedChange between filings · filing Mar 31, 2026
    K••••• K•••• B•••• (TREASURER) left Schedule A between the filings of 2024-03-07 and 2026-03-31
    peers: affiliated wealth managers, $1B to $5B (56)
  • custody status changedChange between filings · filing Mar 31, 2026
    custody of client assets (Item 9.A): yes on the filing of 2025-12-17, no on the filing of 2026-03-31
    peers: affiliated wealth managers, $1B to $5B (56)
  • institutional asset share shiftChange between filings · filing Mar 31, 2026
    institutional share of RAUM moved from 40.0% to 5.0% between the annual amendments of 2025-03-28 and 2026-03-31
    peers: affiliated wealth managers, $1B to $5B (56)
What changed
consecutive filings, newest first
  • Accounts · 8,234 to 8,115
    Dec 17, 2025 to Mar 31, 2026
  • Advisory employees · 222 to 171
    Dec 17, 2025 to Mar 31, 2026
  • Corporate clients · 40 to 130
    Dec 17, 2025 to Mar 31, 2026
  • HNW clients · 647 to 78
    Dec 17, 2025 to Mar 31, 2026
  • Individual clients · 2,890 to 4,290
    Dec 17, 2025 to Mar 31, 2026
  • Pension plan clients · 40 to 15
    Dec 17, 2025 to Mar 31, 2026
  • Assets in custody · $866M to $945M
    Dec 17, 2025 to Mar 31, 2026
  • Custody of client assets · true to false
    Dec 17, 2025 to Mar 31, 2026
  • Discretionary RAUM · $2.6B to $2.0B
    Dec 17, 2025 to Mar 31, 2026
  • HNW RAUM · $1.8B to $1.2B
    Dec 17, 2025 to Mar 31, 2026
  • Individual RAUM · $705M to $1.9B
    Dec 17, 2025 to Mar 31, 2026
  • Non-discretionary RAUM · $1.5B to $1.2B
    Dec 17, 2025 to Mar 31, 2026
  • Pension RAUM · $3.9M to $11.9M
    Dec 17, 2025 to Mar 31, 2026
  • RAUM · $4.1B to $3.2B
    Dec 17, 2025 to Mar 31, 2026
  • Financial planning clients · 51-100 to 51-100
    Mar 28, 2025 to Jul 11, 2025
  • Accounts · 9,871 to 8,234
    Nov 18, 2024 to Mar 28, 2025
  • Advisory employees · 234 to 222
    Nov 18, 2024 to Mar 28, 2025
  • BD registered reps · 706 to 709
    Nov 18, 2024 to Mar 28, 2025
  • Corporate clients · 85 to 40
    Nov 18, 2024 to Mar 28, 2025
  • HNW clients · 1,484 to 647
    Nov 18, 2024 to Mar 28, 2025
  • Individual clients · 8,252 to 2,890
    Nov 18, 2024 to Mar 28, 2025
  • Pension plan clients · 50 to 40
    Nov 18, 2024 to Mar 28, 2025
  • Assets in custody · $1.5B to $866M
    Nov 18, 2024 to Mar 28, 2025
  • Employees · 706 to 1,442
    Nov 18, 2024 to Mar 28, 2025
  • Insurance-licensed employees · 132 to 156
    Nov 18, 2024 to Mar 28, 2025
  • State-registered IARs · 234 to 222
    Nov 18, 2024 to Mar 28, 2025
  • Discretionary RAUM · $2.9B to $2.6B
    Nov 18, 2024 to Mar 28, 2025
  • HNW RAUM · $2.6B to $1.8B
    Nov 18, 2024 to Mar 28, 2025
  • Individual RAUM · $1.8B to $705M
    Nov 18, 2024 to Mar 28, 2025
  • Non-discretionary RAUM · $1.6B to $1.5B
    Nov 18, 2024 to Mar 28, 2025
  • Pension RAUM · $34.8M to $3.9M
    Nov 18, 2024 to Mar 28, 2025
  • RAUM · $4.5B to $4.1B
    Nov 18, 2024 to Mar 28, 2025
  • Wrap assets (sponsor) · $24.3M to $25.5M
    Nov 18, 2024 to Mar 28, 2025
  • Accounts · 10,065 to 9,871
    Mar 7, 2024 to Mar 30, 2024
  • Advisory employees · 246 to 234
    Mar 7, 2024 to Mar 30, 2024
  • BD registered reps · 726 to 706
    Mar 7, 2024 to Mar 30, 2024
  • Corporate clients · 82 to 85
    Mar 7, 2024 to Mar 30, 2024
  • HNW clients · 1,745 to 1,484
    Mar 7, 2024 to Mar 30, 2024
  • Individual clients · 8,170 to 8,252
    Mar 7, 2024 to Mar 30, 2024
  • Pension plan clients · 68 to 50
    Mar 7, 2024 to Mar 30, 2024
Signals
60 dated events
  • R••••• T•••• F•• left M• H••••••• S••••••••• I••• for T••• N•••• W••••• S••••••••• L•• (registered 2026-08-14)
    Aug 10, 2026 · a•••••• firm change · fact
  • J•••• C•••••• D•••• left M• H••••••• S••••••••• I••• for R•••••• J•••• F•••••••• S••••••• A•••••••• I•• (registered 2026-05-18)
    May 18, 2026 · a•••••• firm change · fact
  • T••••• J••••• F•••••• left M• H••••••• S••••••••• I••• for H••••••• A••••••• L•• (registered 2026-04-14)
    Apr 28, 2026 · a•••••• firm change · fact
  • M•••••• F•••••• G•••• left M• H••••••• S••••••••• I••• for L•• F•••••••• L•• (registered 2026-02-02)
    Feb 9, 2026 · a•••••• firm change · fact
  • R••••• J•• F•••••••• left M• H••••••• S••••••••• I••• for L•• F•••••••• L•• (registered 2026-02-02)
    Feb 2, 2026 · a•••••• firm change · fact
  • R••••• J•• F•••••••• left M• H••••••• S••••••••• I••• for L•• F•••••••• L•• (registered 2026-02-02)
    Feb 2, 2026 · a•••••• firm change · fact
  • N•••• C••••••••• G•••• left M• H••••••• S••••••••• I••• for L•• F•••••••• L•• (registered 2026-02-02)
    Feb 2, 2026 · a•••••• firm change · fact
  • 4 advisors left M• H••••••• S••••••••• I••• (Weatogue, CT) for L•• F•••••••• L•• within 7 days
    Feb 2, 2026 · Team lift-out · derived
  • M•••••• H••••• L•••• left M• H••••••• S••••••••• I••• for R•••••• J•••• F•••••••• S••••••• A•••••••• I•• (registered 2026-06-26)
    Dec 31, 2025 · a•••••• firm change · fact
  • D•••• A••••••• left M• H••••••• S••••••••• I••• for H•••• I•••••••• (registered 2025-12-11)
    Dec 5, 2025 · a•••••• firm change · fact
  • A•••••• R•••• C••••• left M• H••••••• S••••••••• I••• for R••••••••• A•• W••••• A• A••••••• L•• (registered 2025-12-03)
    Oct 10, 2025 · a•••••• firm change · fact
  • H••••• B••••• M••••• left M• H••••••• S••••••••• I••• for L••••• F••••••••• I••• (registered 2025-10-06)
    Oct 3, 2025 · a•••••• firm change · fact
  • N•••• M•••• left M• H••••••• S••••••••• I••• for G••••••• F•••••••• L•• (registered 2026-03-26)
    Sep 4, 2025 · a•••••• firm change · fact
  • H••••• L••• F•••••• left M• H••••••• S••••••••• I••• for L•• F•••••••• L•• (registered 2025-09-18)
    Aug 29, 2025 · a•••••• firm change · fact
  • M••• J•••• left M• H••••••• S••••••••• I••• for H•••••• T••••••• • K•••• L•• (registered 2025-08-18)
    Aug 13, 2025 · a•••••• firm change · fact
  • R•••••• G•••••••• left M• H••••••• S••••••••• I••• for P••••••••• C•••••• A••••••• (registered 2023-11-08)
    Aug 13, 2025 · a•••••• firm change · fact
  • R••• M•••••• P•••••• left M• H••••••• S••••••••• I••• for R•••••• J•••• F•••••••• S••••••• A•••••••• I•• (registered 2025-08-11)
    Aug 11, 2025 · a•••••• firm change · fact
  • T••••• K•••• B•••• left M• H••••••• S••••••••• I••• for R•••••• J•••• F•••••••• S••••••• A•••••••• I•• (registered 2025-08-11)
    Aug 11, 2025 · a•••••• firm change · fact
  • R••• W••• M••••• left M• H••••••• S••••••••• I••• for R•••••• J•••• F•••••••• S••••••• A•••••••• I•• (registered 2025-08-11)
    Aug 11, 2025 · a•••••• firm change · fact
  • M•••••• M•••••• P••••••••• left M• H••••••• S••••••••• I••• for R•••••• J•••• F•••••••• S••••••• A•••••••• I•• (registered 2025-08-11)
    Aug 11, 2025 · a•••••• firm change · fact
  • J••••• L•• C•••••• left M• H••••••• S••••••••• I••• for R•••••• J•••• F•••••••• S••••••• A•••••••• I•• (registered 2025-08-11)
    Aug 11, 2025 · a•••••• firm change · fact
  • J•••• S••••• G•••••••• left M• H••••••• S••••••••• I••• for R•••••• J•••• F•••••••• S••••••• A•••••••• I•• (registered 2025-08-11)
    Aug 11, 2025 · a•••••• firm change · fact
  • M•••••• K••••••• left M• H••••••• S••••••••• I••• for R•••••• J•••• F•••••••• S••••••• A•••••••• I•• (registered 2025-08-11)
    Aug 11, 2025 · a•••••• firm change · fact
  • J••••• P•••• B••••••••• left M• H••••••• S••••••••• I••• for R•••••• J•••• F•••••••• S••••••• A•••••••• I•• (registered 2025-08-13)
    Aug 11, 2025 · a•••••• firm change · fact
  • J••• G•••••• G•••••• left M• H••••••• S••••••••• I••• for R•••••• J•••• F•••••••• S••••••• A•••••••• I•• (registered 2025-08-11)
    Aug 11, 2025 · a•••••• firm change · fact
  • B•••• R••••• R••• left M• H••••••• S••••••••• I••• for R•••••• J•••• F•••••••• S••••••• A•••••••• I•• (registered 2025-08-11)
    Aug 11, 2025 · a•••••• firm change · fact
  • D•••• J••••• Z•••••••• left M• H••••••• S••••••••• I••• for R•••••• J•••• F•••••••• S••••••• A•••••••• I•• (registered 2025-08-11)
    Aug 11, 2025 · a•••••• firm change · fact
  • D•••• K•• W••••••• left M• H••••••• S••••••••• I••• for R•••••• J•••• F•••••••• S••••••• A•••••••• I•• (registered 2025-08-11)
    Aug 11, 2025 · a•••••• firm change · fact
  • D••••• J••• M•••••• left M• H••••••• S••••••••• I••• for R•••••• J•••• F•••••••• S••••••• A•••••••• I•• (registered 2025-08-11)
    Aug 11, 2025 · a•••••• firm change · fact
  • R••••• M••••••• J•••• left M• H••••••• S••••••••• I••• for R•••••• J•••• F•••••••• S••••••• A•••••••• I•• (registered 2025-08-11)
    Aug 11, 2025 · a•••••• firm change · fact
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Firm profile
linkedin.com/company/m-financial-groupreportedpublic record, Form ADV, Sep 18, 2026
Website
m•••.com/M-S•••••••••reportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
800-656-6960reportedpublic record, Form ADV, Mar 31, 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
Broker-dealer affiliated wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$17.9Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026
Across the graphs

M• H••••••• S••••••••• I••• is the same institution as 1 record in Real Estate Funds.

Real Estate Funds1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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