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

Lincoln Investment

Independent wealth managerFort Washington, PennsylvaniaCRD 519SEC 801-14059websiteIAPD
Legal name Lincoln Investment Planning, LLC
Latest filing Jul 20, 2026
First filing on the tape Nov 18, 2011 · 152 filings
SEC status approved since Sep 11, 1978
RAUM
$22B
reported, Item 5.F
Discretionary
59%
of RAUM
Private clients
99%
$22B individuals and HNW
Advisors
915
registered through the firm on IAPD
RAUM per advisor
$24.0M
derived; firm RAUM over IAPD count
Employees
1,238
874 advisory (5.B.1)
Offices
314
beyond the principal office
Private funds
0
reported on Schedule D
History
152 filings and snapshots on the tape
RAUM$22B as of Jul 20, 2026
Mar 30, 2012$3.1B then
HNW client RAUM$4.3B as of Jul 20, 2026
Mar 29, 2018$712M then
State-registered IARs (5.B.3)864 as of Jul 20, 2026
Apr 1, 2013625 then
Employees (5.A)1,238 as of Jul 20, 2026
Apr 1, 2013900 then
Private funds: no history
RAUM +16% over the last fiscal year+13% a year over threeIARs 883 to 864offices 320 to 314
Practice profile
derived from the filing of Jul 20, 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
$24.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
151derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$934,330derivedHNW RAUM over HNW clients
Average account
$110,315derivedRAUM over accounts (5.F.2.f)
Discretionary
59%derivedof RAUM
Institutional
0.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.4derivedItem 5.A over advisors
Advisors per office
2.9derived315 offices incl. principal (1.F.5)
RAUM growth, one year
+16%derivedbetween the last two annual amendments
Advisor growth, one year
-2.2%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.6%derived
Compensation
percentage of assets, hourly, fixed fees, commissionsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
Wrap fee program
$10BreportedItem 5.I
Custody
$21B, 137,154 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • the adviser acts as qualified custodian (9.D.1)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$17B79%
  • High-net-worth individuals$4.3B20%
  • Corporations and businesses$203M0.9%
  • Charitable organizations$38.1M0.2%
  • Pension and profit-sharing plans$30.3M0.1%
Individual clients
133,528reported
HNW clients
4,604reported
Pension plan clients
15reported
Charitable clients
41reported
Accounts
199,383reported
Financial planning clients
251-500reported
Wrap fee programs
$1.6B sponsored, $0 managedreported
Custody of client assets
$21B for 137,154 clientsreported
Compensation
% of AUM, fixed, hourly, commissionsreported
Class basis
private_client_share=0.99 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=861.0derived
Advisors registered through the firm
329 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Nancy Jean HendershotRockville, Md Mar 28, 199143 y0
Gary DruryFort Washington, Pa Jul 22, 199947 y0
Sylvia Marruffo DruryFort Washington, Pa Jul 22, 199936 y0
Joseph Emil AttanasiLinden, Nj Jul 26, 200232 y0
John Dennis SchuCertified Financial PlannerMarlton, NjJul 30, 200244 y0
Jonathan Hunter PeckCranford, NjSep 23, 200228 y0
April Felicia JacksonCanton, Ga Apr 2, 200337 y0
Gregory Paul HowardFort Washington, Pa May 7, 200444 y1
William Clifton RobinsonAlbemarle, Nc Feb 1, 200638 y0
Jaime ZinkusMarlton, Nj Dec 7, 200720 y0
Joan Marie GlennStratford, Nj Jan 29, 200834 y1
Jeff R PiersonJoliet, Il Feb 15, 200837 y0
Gerald Thaddeus FallerCertified Financial PlannerTurnersville, Nj Aug 1, 200831 y0
William Michael BlancheCranford, NjDec 10, 200823 y0
Mathew William RoperMarlton, Nj Jan 2, 200927 y1
Jose Mari GuecoRenton, Wa May 29, 200922 y0
Laura K LeuterFort Washington, PaFeb 16, 201023 y1
Robert Scott WandsCranford, NjMay 11, 201017 y1
Michael Joseph MracnaLutz, Fl Jun 9, 201030 y0
Carl Thomas ThoenenSt. Louis, Mo Aug 2, 201034 y2
George Frank LangFort Washington, Pa Aug 2, 201031 y1
Debra Susan LangWest Chester, OhAug 2, 201029 y1
Sufia SetjoadiFort Washington, Pa Aug 2, 201027 y3
Frank James PalmasaniCrystal Lake, Il Aug 2, 201039 y4
Timothy Johnson LeonardFort Washington, Pa Aug 2, 201029 y1
Neal Alan RodmanMaricopa, Az Aug 19, 201041 y0
Gary Nicholas NiemczakFort Washington, Pa Oct 14, 201042 y0
Theresa Anne WiedmannCertified Financial PlannerFort Washington, Pa Apr 5, 201144 y0
Lisa Anne MchughJenkintown, Pa Apr 7, 201139 y0
Jody TolomeoFort Washington, Pa Jun 9, 201128 y0
Carol Florence PeckmanHorsham, PaJun 16, 201144 y0
Joseph Bartholomew CosdenFort Washington, Pa Jun 16, 201145 y0
Michael Patrick KleinBethlehem, Pa Jun 16, 201136 y0
Mary E TiboletFort Washington, Pa Jun 28, 201133 y0
Lisa Joy NewshamHorsham, Pa Jun 28, 201129 y0
Bonnie OvnicekFort Washington, PaJun 30, 201132 y0
Melissa Ann BorelliHorsham, Pa Jul 25, 201122 y0
Nancy L. HeffnerFort Washington, PaNov 15, 201141 y0
Michael Thomas StineFort Washington, PaFeb 1, 201220 y1
Barry Bryant RawlsCanton, Ga Mar 14, 201233 y0
All 329 advisors at Lincoln Investment
Advisor movement
69 left, 55 joined in 12 months
net -14 in 12 months17 left in 90 days14 joined in 90 daysdeparture rate 7.5% of current headcount163 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
  • Daniel Sean Alexander · Executive Vice-President, Chief Business Development Officercontrol
    since 07/2025 · owns less than 5%
  • Anthony Charles Bueti · Executive Vice-President, Chief Operating Officercontrol
    since 04/2026 · owns less than 5%
  • Jason Christopher Estes · Executive Vice-President, Chief Information & Technology Officercontrol
    since 07/2025 · owns less than 5%
  • Steven Neil Flax · Executive Vice-President, Chief Human Resources Officercontrol
    since 02/2025 · owns less than 5%
  • Edward Samuel Jr Forst · Elected Managercontrol
    since 08/2015 · owns less than 5%
  • Michael Mark Kollar · Executive Vice-President, Chief Information Officercontrol
    since 04/2022 · owns less than 5%
  • Kathleen Kinslow Leckey · Ceocontrol
    since 06/2026 · owns less than 5%
  • Maureen Ann Mattson · Executive Vice-President, General Counsel & Chief Compliance Officer Counsel, Corporate Secretary And Head Of Riskcontrol
    since 06/2025 · owns less than 5%
  • Diane Mulherrin Mccarthy · Executive Vice-President/Chief Financial Officer/Principal Financial Officer/Elected Manager Officercontrol
    since 09/2018 · owns less than 5%
  • Kevin Joseph O'Leary · Executive Vice-President, Chief Growth Officercontrol
    since 07/2022 · owns less than 5%
  • Karen Dougherty Bura · Vice-President, Controller
    since 03/2023 · owns less than 5%
  • Stephen Thomas Mayhew · Senior Vice-President, Chief Investment Officer
    since 07/2022 · owns less than 5%
  • Shashi Mehrotra · Senior Vice-President, Chief Investment Strategist
    since 10/2019 · owns less than 5%
  • Susan Mary Oberlies · Senior Vice-President, Corporate Counsel/Secretary
    since 07/2022 · owns less than 5%
Entity owners
  • Lincoln Investment Capital · Member/Owner
    direct · owns 75% or more
  • Lincoln Investment Capital Holdings, LLC · Member/Owner
    direct · owns 75% or more
  • Lincoln Investment Group Holdings, Inc. · Indirect Owner
    indirect · owns 50% to 75% of Lincoln Investment Capital Holdings, LLC
Related persons
Schedule D 7.A
Advisers that list Lincoln Investment as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Fort Washington, Pa · principal45748212
Crystal Lake, Il76110
Marlton, Nj6942
Horsham, Pa5494
Canton, Ga4330
Amherst, Ny4040
Lutz, Fl3321
Woodland Hills, Ca3110
Lombard, Il3170
Tallahassee, Fl2420
Rochester, Ny2110
Farmington Hills, Mi2010
Carmel, In1610
Cranford, Nj1310
Syracuse, Ny1310
Independence, Oh1300
Phoenix, Az1210
Royal Oak, Mi1110
Renton, Wa1100
St Petersburg, Fl1000
Offices
Schedule D 1.F, the 25 largest
  • Horsham, PA76 employees
  • Marlton, NJ58 employees
  • Lutz, FL54 employees
  • Amherst, NY45 employees
  • Woodland Hills, CA45 employees
  • Union, KY45 employees
  • Lombard, IL29 employees
  • Braintree, MA28 employees
  • Waltham, MA28 employees
  • Tallahassee, FL25 employees
  • Farmington Hills, MI24 employees
  • Rochester, NY21 employees
  • Sewickley, PA21 employees
  • Carmel, IN18 employees
  • Independence, OH16 employees
  • Bethlehem, PA16 employees
  • Renton, WA15 employees
  • Syracuse, NY13 employees
  • Bohemia, NY13 employees
  • Royal Oak, MI13 employees
  • Land O Lakes, FL13 employees
  • Phoenix, AZ12 employees
  • Albemarle, NC12 employees
  • Cleveland, OH12 employees
  • Shaker Heights, OH11 employees
ADV anomalies
4 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Jul 20, 2026
    ALEXANDER, DANIEL SEAN (EXECUTIVE VICE-PRESIDENT, CHIEF BUSINESS DEVELOPMENT OFFICER) appeared on Schedule A between the filings of 2022-08-02 and 2026-07-20
    peers: independent wealth managers, $20B and over (84)
  • control person changedChange between filings · filing Jul 20, 2026
    ESTES, JASON CHRISTOPHER (EXECUTIVE VICE-PRESIDENT, CHIEF INFORMATION & TECHNOLOGY OFFICER) appeared on Schedule A between the filings of 2022-08-02 and 2026-07-20
    peers: independent wealth managers, $20B and over (84)
  • control person changedChange between filings · filing Jul 20, 2026
    O'LEARY, KEVIN JOSEPH (EXECUTIVE VICE-PRESIDENT, CHIEF GROWTH OFFICER) left Schedule A between the filings of 2022-08-02 and 2026-07-20
    peers: independent wealth managers, $20B and over (84)
  • control person changedChange between filings · filing Jul 20, 2026
    KOLLAR, MICHAEL MARK (EXECUTIVE VICE-PRESIDENT, CHIEF INFORMATION OFFICER) left Schedule A between the filings of 2022-08-02 and 2026-07-20
    peers: independent wealth managers, $20B and over (84)
What changed
consecutive filings, newest first
  • Accounts · 201,292 to 199,383
    Sep 9, 2025 to Mar 31, 2026
  • Advisory employees · 894 to 874
    Sep 9, 2025 to Mar 31, 2026
  • BD registered reps · 878 to 861
    Sep 9, 2025 to Mar 31, 2026
  • Charity clients · 32 to 41
    Sep 9, 2025 to Mar 31, 2026
  • Corporate clients · 159 to 181
    Sep 9, 2025 to Mar 31, 2026
  • HNW clients · 3,636 to 4,604
    Sep 9, 2025 to Mar 31, 2026
  • Individual clients · 133,693 to 133,528
    Sep 9, 2025 to Mar 31, 2026
  • Pension plan clients · 14 to 15
    Sep 9, 2025 to Mar 31, 2026
  • Assets in custody · $18B to $21B
    Sep 9, 2025 to Mar 31, 2026
  • Employees · 1,293 to 1,238
    Sep 9, 2025 to Mar 31, 2026
  • Insurance-licensed employees · 702 to 656
    Sep 9, 2025 to Mar 31, 2026
  • State-registered IARs · 883 to 864
    Sep 9, 2025 to Mar 31, 2026
  • Other offices · 320 to 314
    Sep 9, 2025 to Mar 31, 2026
  • Discretionary RAUM · $8.9B to $13B
    Sep 9, 2025 to Mar 31, 2026
  • HNW RAUM · $2.9B to $4.3B
    Sep 9, 2025 to Mar 31, 2026
  • Individual RAUM · $16B to $17B
    Sep 9, 2025 to Mar 31, 2026
  • Non-discretionary RAUM · $10B to $9.0B
    Sep 9, 2025 to Mar 31, 2026
  • Pension RAUM · $23.9M to $30.3M
    Sep 9, 2025 to Mar 31, 2026
  • RAUM · $19B to $22B
    Sep 9, 2025 to Mar 31, 2026
  • Wrap assets (sponsor) · $1.7B to $1.6B
    Sep 9, 2025 to Mar 31, 2026
  • Pension RAUM · $30.5M to $23.9M
    Nov 25, 2024 to Mar 31, 2025
  • RAUM · $17B to $19B
    Nov 25, 2024 to Mar 31, 2025
  • Wrap assets (sponsor) · $207M to $1.7B
    Nov 25, 2024 to Mar 31, 2025
  • Accounts · 203,427 to 201,292
    Nov 25, 2024 to Mar 31, 2025
  • Advisory employees · 883 to 894
    Nov 25, 2024 to Mar 31, 2025
  • BD registered reps · 868 to 878
    Nov 25, 2024 to Mar 31, 2025
  • Charity clients · 36 to 32
    Nov 25, 2024 to Mar 31, 2025
  • Corporate clients · 168 to 159
    Nov 25, 2024 to Mar 31, 2025
  • HNW clients · 3,111 to 3,636
    Nov 25, 2024 to Mar 31, 2025
  • Individual clients · 134,236 to 133,693
    Nov 25, 2024 to Mar 31, 2025
  • Pension plan clients · 19 to 14
    Nov 25, 2024 to Mar 31, 2025
  • Assets in custody · $17B to $18B
    Nov 25, 2024 to Mar 31, 2025
  • Employees · 1,297 to 1,293
    Nov 25, 2024 to Mar 31, 2025
  • Insurance-licensed employees · 673 to 702
    Nov 25, 2024 to Mar 31, 2025
  • Financial planning clients · 251-500 to 251-500
    Nov 25, 2024 to Mar 31, 2025
  • State-registered IARs · 872 to 883
    Nov 25, 2024 to Mar 31, 2025
  • Other offices · 325 to 320
    Nov 25, 2024 to Mar 31, 2025
  • Discretionary RAUM · $8.3B to $8.9B
    Nov 25, 2024 to Mar 31, 2025
  • HNW RAUM · $2.2B to $2.9B
    Nov 25, 2024 to Mar 31, 2025
  • Individual RAUM · $15B to $16B
    Nov 25, 2024 to Mar 31, 2025
Signals
60 dated events
  • Patrick Joseph Reilley left Lincoln Investment for Capital Analysts (registered 2015-04-15)
    Aug 27, 2026 · Advisor changed firm · fact
  • Stephanie Louise Shaw left Lincoln Investment for Capital Analysts (registered 2012-12-12)
    Aug 21, 2026 · Advisor changed firm · fact
  • Douglas Richard Evernham left Lincoln Investment for Capital Analysts (registered 2012-06-04)
    Aug 21, 2026 · Advisor changed firm · fact
  • Robert William Shaw left Lincoln Investment for Capital Analysts (registered 2012-06-04)
    Aug 21, 2026 · Advisor changed firm · fact
  • 3 advisors left Lincoln Investment (Palm Beach Gardens, FL) for Capital Analysts on the same day
    Aug 21, 2026 · Team lift-out · derived
  • Diane Bilello left Lincoln Investment for Equitable Advisors, Llc (registered 2026-08-11)
    Aug 13, 2026 · Advisor changed firm · fact
  • Gregg Albert Libutti left Lincoln Investment for Stifel, Nicolaus & Company, Incorporated (registered 2026-08-17)
    Aug 13, 2026 · Advisor changed firm · fact
  • 2 advisors left Valic Financial Advisors, Inc. (Mount Laurel, NJ) for Lincoln Investment on the same day
    Aug 13, 2026 · Team lift-out · derived
  • 2 advisors left Valic Financial Advisors, Inc. (Novi, MI) for Lincoln Investment on the same day
    Jul 30, 2026 · Team lift-out · derived
  • Wayde Stewart Knowles left Lincoln Investment for Lpl Financial Llc (registered 2026-07-23)
    Jul 24, 2026 · Advisor changed firm · fact
  • Mark John Dunn left Lincoln Investment for Lpl Financial Llc (registered 2026-07-27)
    Jul 24, 2026 · Advisor changed firm · fact
  • Jake R Digregorio left Lincoln Investment for Capital Analysts (registered 2023-10-31)
    Jul 24, 2026 · Advisor changed firm · fact
  • Dylan Ray Ramos left Lincoln Investment for Capital Analysts (registered 2023-10-31)
    Jul 24, 2026 · Advisor changed firm · fact
  • James Clark Dunn left Lincoln Investment for Lpl Enterprise, Llc (registered 2026-07-28)
    Jul 24, 2026 · Advisor changed firm · fact
  • 2 advisors left Lincoln Investment (Las Vegas, NV) for Capital Analysts on the same day
    Jul 24, 2026 · Team lift-out · derived
  • Noah Douglas left Lincoln Investment for Capital Analysts (registered 2023-04-21)
    Jul 14, 2026 · Advisor changed firm · fact
  • Beth Ann Gibson left Lincoln Investment for Ameriprise Financial Services, Llc (registered 2026-07-23)
    Jul 9, 2026 · Advisor changed firm · fact
  • John Michael Loper left Lincoln Investment for Modera Wealth Management, Llc (registered 2026-07-06)
    Jul 9, 2026 · Advisor changed firm · fact
  • Kevin Meredith Hemphill left Lincoln Investment for Capital Analysts (registered 2023-07-05)
    Jul 1, 2026 · Advisor changed firm · fact
  • Scott Accamando left Lincoln Investment for Ameriprise Financial Services, Llc (registered 2026-07-10)
    Jun 26, 2026 · Advisor changed firm · fact
  • Christopher Alex Cokinis left Lincoln Investment for Cape Investment Advisory, Inc. (registered 2026-07-14)
    Jun 25, 2026 · Advisor changed firm · fact
  • Periklis Kotsiopoulos left Lincoln Investment for Capital Analysts (registered 2014-01-08)
    May 28, 2026 · Advisor changed firm · fact
  • Emily Moore left Lincoln Investment for Ameriprise Financial Services, Llc (registered 2026-05-21)
    May 28, 2026 · Advisor changed firm · fact
  • Julia Anne Soranno left Lincoln Investment for Capital Analysts (registered 2021-04-23)
    May 20, 2026 · Advisor changed firm · fact
  • 2 advisors left Lincoln Investment (Fort Washington, PA) for Capital Analysts within 8 days
    May 20, 2026 · Team lift-out · derived
  • Nicholas Steven Wilz left Lincoln Investment for Osaic Wealth, Inc. (registered 2026-05-06)
    May 6, 2026 · Advisor changed firm · fact
  • Andre' Dericko Bell left Lincoln Investment for Asset Allocation Strategies, Llc (registered 2026-09-11)
    Apr 27, 2026 · Advisor changed firm · fact
  • Robert J Hetherington left Lincoln Investment for Capital Analysts (registered 2023-02-08)
    Apr 22, 2026 · Advisor changed firm · fact
  • Lincoln Investment reported 314 offices beyond its principal office, down from 320 (2025-09-09 to 2026-03-31)
    Mar 31, 2026 · Office count change · derived
  • Lea Anne Smith Creekmore left Lincoln Investment for Capital Analysts (registered 2023-11-27)
    Mar 20, 2026 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Business email
donnie@cmwfinancial.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
pamela@cmwfinancial.comreportedpublished by the firm, firm site, Sep 15, 2026
Business phone
918-622-2422reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/financial-directors-llcreportedpublic record, Form ADV, Sep 17, 2026
Firm profile
linkedin.com/company/the-legend-groupreportedpublic record, Form ADV, Sep 17, 2026
Website
cmwfinancial.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
215-887-8111reportedpublic record, Form ADV, Jul 20, 2026
Contact form
cmwfinancial.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
Team page
cmwfinancial.com/our-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
$24.0Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026