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RIA / WealthRegistered adviserinstitutional managerSEC registeredRAUM 1b 10b

STAIRWAY PARTNERS, LLC

CRD 133157

MINNEAPOLIS, MN

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:6fd8a959-558c-16f4-5c4a-16a6de486158

Data as of Jan 22, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 5:57 PM UTC and rebuilt at most every 15 minutes.

Relationships: 9
Dated events: 5
On other graphs: 0
Observed: Jan 3, 2012 to Jan 22, 2026
38 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: institutional managerderivedprivate_client_share=0.09 fund_share=0.0 institutional_share=0.91 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $2.4BItem 5.F on the latest filing (2026-01-22); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $2.4B
Private client RAUM: $208MderivedItem 5.D individuals plus high net worth individuals
Private client share: 9%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 4
RAUM per advisor: $590Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 5
Advisory employees: 4
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 100
Individual clients: 7
High net worth clients: 45
SEC number: 801-63583
CIK: 1454138
CRD: 133157
Filings on the tape: 38
First filed: Jan 3, 2012
Latest filed: Jan 22, 2026
Organised: Limited Liability Company, IL
Website: stairwaypartners.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
KEVIN TERHAAR	Chartered Financial Analyst	MINNEAPOLIS, MN	9	17	n/a	no
AARON CHRISTOPHER BALSAM	Chartered Financial Analyst	MINNEAPOLIS, MN	2	15	1	no
STEWART JAMES RALLIS	n/a	MINNEAPOLIS, MN	0	42	n/a	no
JAMES CAMERON JACKSON	Chartered Financial Analyst	MINNEAPOLIS, MN	0	22	n/a	no

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
JACKSON, JAMES, CAMERON	MANAGER/MEMBER	C	yes	08/2009	Jan 3, 2012	Jul 31, 2024
RAIDL, PAUL, RENE	CTO/MEMBER	A	yes	09/2004	Jan 3, 2012	Jul 31, 2024
RALLIS, STEWART, JAMES	MANAGER/MEMBER	C	yes	04/2013	May 7, 2013	Jul 31, 2024
TERHAAR, KEVIN	MANAGER/MEMBER/CHIEF COMPLIANCE OFFICER	A	yes	07/2023	Jan 3, 2012	Jul 31, 2024
BALSAM, AARON, CHRISTOPHER	Member	Na	no	06/2024	Jul 31, 2024	Jul 31, 2024

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
Minneapolis	Mn	United States	2	no

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line; showing 15 of 16

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Jan 22, 2026	$2.4B	$2.4B	5	4	0	n/a	n/a
2024	Apr 22, 2025	$2.0B	$2.0B	5	4	0	n/a	n/a
2023	Jan 30, 2024	$1.0B	$1.0B	4	3	1	n/a	n/a
2022	Feb 1, 2023	$1.1B	$1.1B	6	3	1	n/a	n/a
2021	Feb 17, 2022	$1.2B	$1.2B	6	3	1	n/a	n/a
2020	Feb 11, 2021	$1.1B	$1.1B	5	3	1	n/a	n/a
2019	Jan 31, 2020	$766M	$766M	5	3	1	n/a	n/a
2018	Jan 31, 2019	$657M	$657M	5	3	1	n/a	n/a
2017	Jan 31, 2018	$675M	$675M	5	3	1	n/a	n/a
2016	Mar 30, 2017	$592M	$592M	5	3	n/a	n/a	n/a
2015	Jan 28, 2016	$409M	$409M	5	3	n/a	n/a	n/a
2014	Feb 12, 2015	$422M	$422M	5	3	n/a	n/a	n/a
2013	Mar 4, 2014	$383M	$383M	4	2	n/a	n/a	n/a
2012	Mar 20, 2013	$251M	$251M	4	2	n/a	n/a	n/a
2011	Feb 22, 2012	$260M	$260M	n/a	n/a	n/a	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	1	0

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$2.4B	$2.0B	16.4%	$1.1B	28.9%	5	5	0	0

Relationships

Registered with (4)

← STEWART JAMES RALLISAdvisorregistration: current employment
Jan 1, 2026 to presentfactForm ADV
← JAMES CAMERON JACKSONAdvisorregistration: current employment
Jan 1, 2026 to presentfactForm ADV
← AARON CHRISTOPHER BALSAMAdvisorregistration: current employment
Jul 31, 2024 to presentfactForm ADV
← KEVIN TERHAARAdvisorregistration: current employment
Apr 6, 2017 to presentfactForm ADV

Controls (4)

← RALLIS, STEWART, JAMESOwnerMANAGER/MEMBER, ownership code C, individual
May 7, 2013 to Jul 31, 2024factForm ADV
← JACKSON, JAMES, CAMERONOwnerMANAGER/MEMBER, ownership code C, individual
Jan 3, 2012 to Jul 31, 2024factForm ADV
← TERHAAR, KEVINOwnerMANAGER/MEMBER/CHIEF COMPLIANCE OFFICER, ownership code A, individual
Jan 3, 2012 to Jul 31, 2024factForm ADV
← RAIDL, PAUL, RENEOwnerCTO/MEMBER, ownership code A, individual
Jan 3, 2012 to Jul 31, 2024factForm ADV

Owns (1)

← BALSAM, AARON, CHRISTOPHEROwnerMEMBER, ownership code NA, individual
Jul 31, 2024 to Jul 31, 2024factForm ADV

Dated events

Occurred
Jul 31, 2024
Regulatory AUM changed
Stairway Partners, Llc reported RAUM $2.0B, up 90% from $1.0B (2024-01-30 to 2024-07-31)
Form ADVobserved 6 days ago
$934M
Occurred
Jul 24, 2023
Control person left
Marie Theresa Hickman (Chief Compliance Officer/Member) no longer on Schedule A of Stairway Partners, Llc (listed 2023-02-14, absent 2023-07-24)
Form ADVobserved 6 days ago
Occurred
Feb 11, 2021
Regulatory AUM changed
Stairway Partners, Llc reported RAUM $1.1B, up 41% from $765.6M (2020-06-30 to 2021-02-11)
Form ADVobserved 6 days ago
$316M
Occurred
Feb 11, 2021
Control person joined
Marie Theresa Hickman (Chief Compliance Officer/Member) appeared on Schedule A of Stairway Partners, Llc
Form ADVobserved 6 days ago
Occurred
Feb 11, 2021
Control person left
Lynn Patricia Hyman (Chief Compliance Officer/Member) no longer on Schedule A of Stairway Partners, Llc (listed 2020-06-30, absent 2021-02-11)
Form ADVobserved 6 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:6fd8a959-558c-16f4-5c4a-16a6de486158
First observed: Jan 3, 2012
Last observed: Jan 22, 2026 8 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

STAIRWAY PARTNERS, LLC

CRD 133157

MINNEAPOLIS, MN

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:6fd8a959-558c-16f4-5c4a-16a6de486158

Data as of Jan 22, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 5:57 PM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

KEVIN TERHAAR

Chartered Financial Analyst

MINNEAPOLIS, MN

n/a

AARON CHRISTOPHER BALSAM

Chartered Financial Analyst

MINNEAPOLIS, MN

STEWART JAMES RALLIS

n/a

MINNEAPOLIS, MN

n/a

JAMES CAMERON JACKSON

Chartered Financial Analyst

MINNEAPOLIS, MN

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

JACKSON, JAMES, CAMERON

MANAGER/MEMBER

yes

08/2009

Jan 3, 2012

Jul 31, 2024

RAIDL, PAUL, RENE

CTO/MEMBER

yes

09/2004

Jan 3, 2012

Jul 31, 2024

RALLIS, STEWART, JAMES

MANAGER/MEMBER

yes

04/2013

May 7, 2013

Jul 31, 2024

TERHAAR, KEVIN

MANAGER/MEMBER/CHIEF COMPLIANCE OFFICER

yes

07/2023

Jan 3, 2012

Jul 31, 2024

BALSAM, AARON, CHRISTOPHER

Member

06/2024

Jul 31, 2024

City

State

Country

Employees

Also broker-dealer

Minneapolis

United States

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Jan 22, 2026

$2.4B

n/a

2024

Apr 22, 2025

$2.0B

n/a

2023

Jan 30, 2024

$1.0B

n/a

2022

Feb 1, 2023

$1.1B

n/a

2021

Feb 17, 2022

$1.2B

n/a

2020

Feb 11, 2021

$1.1B

n/a

2019

Jan 31, 2020

$766M

n/a

2018

Jan 31, 2019

$657M

n/a

2017

Jan 31, 2018

$675M

n/a

2016

Mar 30, 2017

$592M

n/a

2015

Jan 28, 2016

$409M

n/a

2014

Feb 12, 2015

$422M

n/a

2013

Mar 4, 2014

$383M

n/a

2012

Mar 20, 2013

$251M

n/a

2011

Feb 22, 2012

$260M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$2.4B

$2.0B

16.4%

$1.1B

28.9%