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.

Former SEC-registered adviser

Valley Forge Asset Management, LLC

Former SEC-registered adviserKing Of Prussia, PennsylvaniaCRD 7438SEC 801-25300IAPD
Latest filing Feb 5, 2016
First filing on the tape Dec 21, 2011 · 20 filings
RAUM
$2.2B
reported, Item 5.F
Discretionary
89%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
32
20 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$2.2B as of Feb 5, 2016
Jan 23, 2012$3.5B then
HNW client RAUM: no history
State-registered IARs (5.B.3)15 as of Feb 5, 2016
Mar 21, 201328 then
Employees (5.A)32 as of Feb 5, 2016
Mar 21, 201356 then
Private funds: no history
RAUM -20% over the last fiscal year-14% a year over threeIARs 22 to 15
Practice profile
derived from the filing of Feb 5, 2016; every figure names its basis
RAUM per advisor
$149MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$1.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
89%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.1derivedItem 5.A over advisors
Advisors per office
5.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year
-20%derivedbetween the last two annual amendments
Advisor growth, one year
-32%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed fees, commissionsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
Custody
$1.2B, 1,700 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)
  • a related person acts as qualified custodian (9.D.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1,955reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
$1.2B for 1,700 clientsreported
Compensation
% of AUM, fixed, commissionsreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Donald Louis Born · Senior Vice President & Managercontrol
      since 01/1982 · owns less than 5%
    • Frank Charles Corace · Senior Vice President & Managercontrol
      since 01/1977 · owns less than 5%
    • Bryan Scott Cram · Managercontrol
      since 08/2015 · owns less than 5%
    • John Philip Sr Sr Follman · Managercontrol
      since 08/2001 · owns less than 5%
    • Bernard Allen Jr Francis · Ceo, President, Chairman Of The Boardcontrol
      since 08/2015 · owns less than 5%
    • Henry Hershberger Gibbel · Managercontrol
      since 03/2000 · owns less than 5%
    • James Edward Gibson · Chief Operating Officer, Chief Investment Officer & Managercontrol
      since 01/2014 · owns less than 5%
    • Denise Kathleen Merinar · Head Of Vfam, Managercontrol
      since 08/2015 · owns less than 5%
    • M. Zev Rose · Managercontrol
      since 11/2000 · owns less than 5%
    • Drew Kevin Hostetter · Manager
      since 02/2014 · owns less than 5%
    • Kelly Carter Malloy · Senior Vice President, Secretary
      since 06/2001 · owns less than 5%
    • Jeffrey Scott Mccallum · Senior Vice President
      since 12/2008 · owns less than 5%
    • Michael Francis Swallow · Chief Compliance Officer, Chief Financial Officer, Chief Administrative Officer, Senior Vice President & Treasurer
      since 08/2015 · owns less than 5%
    Entity owners
    • Bb&T Corporation · Owner
      direct · owns 75% or more · public reporting company
    Related persons
    Schedule D 7.A
    Advisers that list Valley Forge Asset Management, LLC as a related person
    Offices
    Schedule D 1.F, the 25 largest
    • Wilmington, DE
    • ,
    What changed
    consecutive filings, newest first
    • Accounts · 2,006 to 1,955
      Oct 29, 2015 to Feb 5, 2016
    • Advisory employees · 23 to 20
      Oct 29, 2015 to Feb 5, 2016
    • Assets in custody · $1.0B to $1.2B
      Oct 29, 2015 to Feb 5, 2016
    • Employees · 36 to 32
      Oct 29, 2015 to Feb 5, 2016
    • State-registered IARs · 17 to 15
      Oct 29, 2015 to Feb 5, 2016
    • Discretionary RAUM · $2.1B to $2.0B
      Oct 29, 2015 to Feb 5, 2016
    • Non-discretionary RAUM · $290M to $242M
      Oct 29, 2015 to Feb 5, 2016
    • RAUM · $2.4B to $2.2B
      Oct 29, 2015 to Feb 5, 2016
    • Accounts · 2,126 to 2,006
      Jun 15, 2015 to Aug 18, 2015
    • Advisory employees · 28 to 23
      Jun 15, 2015 to Aug 18, 2015
    • BD registered reps · 37 to 32
      Jun 15, 2015 to Aug 18, 2015
    • Employees · 41 to 36
      Jun 15, 2015 to Aug 18, 2015
    • State-registered IARs · 22 to 17
      Jun 15, 2015 to Aug 18, 2015
    • Discretionary RAUM · $2.5B to $2.1B
      Jun 15, 2015 to Aug 18, 2015
    • Non-discretionary RAUM · $294M to $290M
      Jun 15, 2015 to Aug 18, 2015
    • RAUM · $2.8B to $2.4B
      Jun 15, 2015 to Aug 18, 2015
    • Related broker-dealer · false to true
      Jun 15, 2015 to Aug 18, 2015
    • Accounts · 2,316 to 2,126
      Nov 10, 2014 to Mar 10, 2015
    • Advisory employees · 34 to 28
      Nov 10, 2014 to Mar 10, 2015
    • BD registered reps · 42 to 37
      Nov 10, 2014 to Mar 10, 2015
    • Assets in custody · $792M to $1.0B
      Nov 10, 2014 to Mar 10, 2015
    • Employees · 48 to 41
      Nov 10, 2014 to Mar 10, 2015
    • State-registered IARs · 25 to 22
      Nov 10, 2014 to Mar 10, 2015
    • Discretionary RAUM · $2.7B to $2.5B
      Nov 10, 2014 to Mar 10, 2015
    • Non-discretionary RAUM · $262M to $294M
      Nov 10, 2014 to Mar 10, 2015
    • RAUM · $2.9B to $2.8B
      Nov 10, 2014 to Mar 10, 2015
    • Business name · VALLEY FORGE ASSET MANAGEMENT CORP. to VALLEY FORGE ASSET MANAGEMENT, LLC
      Jan 23, 2014 to Mar 31, 2014
    • Legal name · VALLEY FORGE ASSET MANAGEMENT CORP. to VALLEY FORGE ASSET MANAGEMENT, LLC
      Jan 23, 2014 to Mar 31, 2014
    • Succession · true to false
      Jan 23, 2014 to Mar 31, 2014
    • Accounts · 2,375 to 2,316
      Oct 7, 2013 to Jan 23, 2014
    • Advisory employees · 39 to 34
      Oct 7, 2013 to Jan 23, 2014
    • BD registered reps · 51 to 42
      Oct 7, 2013 to Jan 23, 2014
    • Assets in custody · $787M to $792M
      Oct 7, 2013 to Jan 23, 2014
    • Employees · 56 to 48
      Oct 7, 2013 to Jan 23, 2014
    • State-registered IARs · 28 to 25
      Oct 7, 2013 to Jan 23, 2014
    • Organization form · Corporation to Limited Liability Company
      Oct 7, 2013 to Jan 23, 2014
    • Discretionary RAUM · $3.3B to $2.7B
      Oct 7, 2013 to Jan 23, 2014
    • Non-discretionary RAUM · $193M to $262M
      Oct 7, 2013 to Jan 23, 2014
    • RAUM · $3.5B to $2.9B
      Oct 7, 2013 to Jan 23, 2014
    • Succession · false to true
      Oct 7, 2013 to Jan 23, 2014
    Signals
    1 dated events
    • Valley Forge Asset Management Corp. reported succeeding to the business of Another Adviser (Form ADV Item 4)
      Jan 23, 2014 · Succession (Item 4) · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    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
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026