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RIA / WealthRegistered adviserformer SEC advisernot on rosterRAUM 100m 1b

INVESTMENT ADVISORS CORP

CRD 117531

WEST DES MOINES, IA

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:e3fd2017-73e5-32a7-c499-330f731af336

Data as of Nov 1, 2018 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 8:41 AM UTC and rebuilt at most every 15 minutes.

Relationships: 196
Dated events: 0
On other graphs: 1
Observed: Mar 29, 2012 to Nov 1, 2018
35 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Allocatorsidentity

Investment Advisors Corp

Investment consultant · shared crd

Facts

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

Firm class: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $699MItem 5.F on the latest filing (2018-11-01); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $568M
Private client RAUM: $564MderivedItem 5.D individuals plus high net worth individuals
Private client share: 81%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 112
Advisory employees: 98
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 5,235
Individual clients: 4,500
High net worth clients: 250
SEC number: 801-69573
CRD: 117531
Filings on the tape: 35
First filed: Mar 29, 2012
Latest filed: Nov 1, 2018
Organised: Corporation, Iowa

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
BDFSC HOLDINGS CORP	Owner	E	yes	11/1996	Mar 29, 2012	Nov 1, 2018
BENNETT, BARBARA, ELLEN	CCO/COO	Na	yes	04/2016	Apr 21, 2016	Nov 1, 2018
DESHAW, CHRISTINA, ELIZABETH	PRESIDENT & CEO/DIRECTOR	Na	yes	06/2018	Mar 27, 2014	Nov 1, 2018
DESHAW, PAUL, JOSEPH	DIRECTOR & VICE CHAIRMAN	Na	yes	11/2015	Mar 29, 2012	Nov 1, 2018
SHERWOOD, ROBERT, DONALD	CFO/TREASURER	Na	yes	08/2016	Aug 31, 2016	Nov 1, 2018
SHERZAN, MICHAEL, THOMAS	Owner	D	yes	10/1996	Mar 29, 2012	Nov 1, 2018
SHERZAN, MICHAEL, THOMAS	CHAIRMAN OF THE BOARD	Na	yes	06/2018	Mar 29, 2012	Nov 1, 2018

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
BROKER DEALER FINANCIAL SERVICES CORP.	n/a	n/a	n/a	N	yes	n/a

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

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2017	Mar 29, 2018	$699M	$568M	112	98	0	n/a	n/a
2016	Jan 30, 2017	$651M	$334M	116	104	n/a	n/a	n/a
2015	May 2, 2016	$554M	$301M	105	103	n/a	n/a	n/a
2014	Mar 31, 2015	$395M	$281M	76	69	n/a	n/a	n/a
2013	Mar 27, 2014	$298M	$195M	73	73	n/a	n/a	n/a
2012	Apr 1, 2013	$193M	$102M	71	60	n/a	n/a	n/a
2011	Mar 29, 2012	$148M	$76.8M	n/a	n/a	n/a	n/a	n/a

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
2017	$699M	$651M	7.3%	$395M	20.9%	112	116	0	n/a

Teams out

two or more advisors whose registrations ended here and began at one firm together: a fact of two dates, not a prediction

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
VOYA FINANCIAL ADVISORS, INC.	2	Oct 20, 2018	Feb 20, 2019	WEST DES MOINES, IA	Team lift out	Ibd to ibd	4.9%
BABB WEALTH ADVISORS LLC	2	Oct 19, 2018	Oct 19, 2018	FLAGSTAFF, AZ	Team lift out	Ibd to RIA	4.3%
OSAIC INSTITUTIONS, INC.	2	Oct 11, 2018	Oct 11, 2018	CHARLES CITY, IA	Team lift out	Ibd to ibd	3.9%
SUMMIT FINANCIAL GROUP INC	2	Sep 10, 2018	Sep 10, 2018	BROOMFIELD, CO	Team lift out	Ibd to ibd	3.6%
INDEPENDENT WEALTH NETWORK, INC.	2	Sep 4, 2018	Sep 4, 2018	ADDISON, TX	Team lift out	Ibd to RIA	3.4%
INDEPENDENT WEALTH NETWORK, INC.	4	Sep 29, 2017	Oct 16, 2017	PHOENIX, AZ	Team lift out	Other	5.6%
AO WEALTH ADVISORY	3	Aug 10, 2017	Aug 8, 2017	URBANDALE, IA	Team lift out	Other	3.9%
RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC	4	Nov 9, 2015	Nov 10, 2015	PELLA, IA	Team lift out	Other	5.4%

Relationships

showing 80 of 196

Controls (6)

← DESHAW, CHRISTINA, ELIZABETHOwnerPRESIDENT & CEO/DIRECTOR, ownership code NA, individual
Mar 27, 2014 to presentfactForm ADV
← DESHAW, PAUL, JOSEPHOwnerDIRECTOR & VICE CHAIRMAN, ownership code NA, individual
Mar 29, 2012 to presentfactForm ADV
← SHERWOOD, ROBERT, DONALDOwnerCFO/TREASURER, ownership code NA, individual
Aug 31, 2016 to presentfactForm ADV
← BENNETT, BARBARA, ELLENOwnerCCO/COO, ownership code NA, individual
Apr 21, 2016 to presentfactForm ADV
← SHERZAN, MICHAEL, THOMASOwnerOWNER, ownership code D, individual
Mar 29, 2012 to presentfactForm ADV
← BDFSC HOLDINGS CORPOwnerOWNER, ownership code E, domestic entity
Mar 29, 2012 to presentfactForm ADV

Moved with (5)

→ VOYA FINANCIAL ADVISORS, INC.Registered adviser2 advisors, team lift out
Oct 20, 2018 to Feb 20, 2019factForm ADV
→ BABB WEALTH ADVISORS LLCRegistered adviser2 advisors, team lift out, same day
Oct 19, 2018 to Oct 19, 2018factForm ADV
→ OSAIC INSTITUTIONS, INC.Registered adviser2 advisors, team lift out
Oct 11, 2018 to Oct 11, 2018factForm ADV
→ SUMMIT FINANCIAL GROUP INCRegistered adviser2 advisors, team lift out, same day
Sep 10, 2018 to Sep 10, 2018factForm ADV
→ INDEPENDENT WEALTH NETWORK, INC.Registered adviser2 advisors, team lift out, same day
Sep 4, 2018 to Sep 4, 2018factForm ADV

Registered with (68)

← THOMAS EDWARD SHERZANAdvisorregistration: previous registration
May 13, 2014 to Nov 1, 2018factForm ADV
← MICHAEL MARION RZEPKAAdvisorregistration: previous registration
Dec 20, 2002 to Oct 20, 2018factForm ADV
← ROBERT DAVID PENNAdvisorregistration: previous registration
Oct 29, 2008 to Oct 20, 2018factForm ADV
← GREGORY WAYNE PIEHLAdvisorregistration: previous registration
Aug 23, 2016 to Oct 20, 2018factForm ADV
← TONYA L MCCAMPBELLAdvisorregistration: previous registration
May 3, 2013 to Oct 20, 2018factForm ADV
← KYLE RICHARD ELLINGSONAdvisorregistration: previous registration
Feb 6, 2006 to Oct 20, 2018factForm ADV
← GAIL ELIZABETH COTEAdvisorregistration: previous registration
Jan 2, 2018 to Oct 20, 2018factForm ADV
← RICHARD GEORGE EDEAdvisorregistration: previous registration
Dec 20, 2002 to Oct 20, 2018factForm ADV
← CYNTHIA DALBEY GREENBURGAdvisorregistration: previous registration
Dec 20, 2002 to Oct 20, 2018factForm ADV
← JOSEPH CORTIS ORLANDOAdvisorregistration: previous registration
Dec 20, 2002 to Oct 20, 2018factForm ADV
← Christopher Warren WesselsAdvisorregistration: previous registration
Jan 2, 2018 to Oct 20, 2018factForm ADV
← MICHAEL JON BINSTOCKAdvisorregistration: previous registration
Jan 9, 2014 to Oct 20, 2018factForm ADV
← DAVID MICHAEL BEMISAdvisorregistration: previous registration
Aug 30, 2001 to Oct 20, 2018factForm ADV
← JAMES MICHAEL PHELANAdvisorregistration: previous registration
Nov 30, 2016 to Oct 20, 2018factForm ADV
← TODD MARVIN HONOLDAdvisorregistration: previous registration
Jan 10, 2008 to Oct 20, 2018factForm ADV
← ANDREW ALLEN KNOXAdvisorregistration: previous registration
Feb 19, 2013 to Oct 20, 2018factForm ADV
← LETITIA MARIE ANDERSONAdvisorregistration: previous registration
Aug 17, 2018 to Oct 20, 2018factForm ADV
← KERRY LYNN SCHEPERSAdvisorregistration: previous registration
Aug 3, 2016 to Oct 20, 2018factForm ADV
← BRIAN KEITH JONESAdvisorregistration: previous registration
May 29, 2015 to Oct 20, 2018factForm ADV
← KRISTI LYNN MIGNANOAdvisorregistration: previous registration
Jan 25, 2016 to Oct 20, 2018factForm ADV
← John Matthew DunlapAdvisorregistration: previous registration
May 31, 2018 to Oct 20, 2018factForm ADV
← BRIAN DAVID GOGELAdvisorregistration: previous registration
Aug 30, 2001 to Oct 20, 2018factForm ADV
← LAURIE RAGNAR HACKLERAdvisorregistration: previous registration
Jan 20, 2004 to Oct 20, 2018factForm ADV
← KRISTEN KAY CROUTHAMELAdvisorregistration: previous registration
Jun 24, 2014 to Oct 20, 2018factForm ADV
← WILLIAM RALPH FLEMINGAdvisorregistration: previous registration
Sep 2, 2016 to Oct 20, 2018factForm ADV
← BRIAN T MURPHYAdvisorregistration: previous registration
May 19, 2010 to Oct 20, 2018factForm ADV
← JEFFREY LYNN PETERSONAdvisorregistration: previous registration
Dec 10, 2014 to Oct 20, 2018factForm ADV
← NICHOLAS DANIEL INNERBICHLERAdvisorregistration: previous registration
Mar 9, 2010 to Oct 20, 2018factForm ADV
← RYAN LAVERN BROOKSAdvisorregistration: previous registration
Jul 22, 2014 to Oct 20, 2018factForm ADV
← ROBERT JOSEPH JACOBSENAdvisorregistration: previous registration
Jun 9, 2015 to Oct 20, 2018factForm ADV
and 38 more

Dated events

No dated event names this entity yet.

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:e3fd2017-73e5-32a7-c499-330f731af336
First observed: Mar 29, 2012
Last observed: Nov 1, 2018 96 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.

INVESTMENT ADVISORS CORP

CRD 117531

WEST DES MOINES, IA

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:e3fd2017-73e5-32a7-c499-330f731af336

Data as of Nov 1, 2018 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 8:41 AM UTC and rebuilt at most every 15 minutes.

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

BDFSC HOLDINGS CORP

Owner

yes

11/1996

Mar 29, 2012

Nov 1, 2018

BENNETT, BARBARA, ELLEN

CCO/COO

yes

04/2016

Apr 21, 2016

Nov 1, 2018

DESHAW, CHRISTINA, ELIZABETH

PRESIDENT & CEO/DIRECTOR

yes

06/2018

Mar 27, 2014

Nov 1, 2018

DESHAW, PAUL, JOSEPH

DIRECTOR & VICE CHAIRMAN

yes

11/2015

Mar 29, 2012

Nov 1, 2018

SHERWOOD, ROBERT, DONALD

CFO/TREASURER

yes

08/2016

Aug 31, 2016

Nov 1, 2018

SHERZAN, MICHAEL, THOMAS

Owner

yes

10/1996

Mar 29, 2012

Nov 1, 2018

SHERZAN, MICHAEL, THOMAS

CHAIRMAN OF THE BOARD

yes

06/2018

Mar 29, 2012

Nov 1, 2018

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

BROKER DEALER FINANCIAL SERVICES CORP.

n/a

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2017

Mar 29, 2018

$699M

$568M

112

n/a

2016

Jan 30, 2017

$651M

$334M

116

104

n/a

2015

May 2, 2016

$554M

$301M

105

103

n/a

2014

Mar 31, 2015

$395M

$281M

n/a

2013

Mar 27, 2014

$298M

$195M

n/a

2012

Apr 1, 2013

$193M

$102M

n/a

2011

Mar 29, 2012

$148M

$76.8M

n/a

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2017

$699M

$651M

7.3%

$395M

20.9%

112

116

n/a

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

VOYA FINANCIAL ADVISORS, INC.

Oct 20, 2018

Feb 20, 2019

WEST DES MOINES, IA

Team lift out

Ibd to ibd

4.9%

BABB WEALTH ADVISORS LLC

Oct 19, 2018

FLAGSTAFF, AZ

Team lift out

Ibd to RIA

4.3%

OSAIC INSTITUTIONS, INC.

Oct 11, 2018

CHARLES CITY, IA

Team lift out

Ibd to ibd

3.9%

SUMMIT FINANCIAL GROUP INC

Sep 10, 2018

BROOMFIELD, CO

Team lift out

Ibd to ibd

3.6%

INDEPENDENT WEALTH NETWORK, INC.

Sep 4, 2018

ADDISON, TX

Team lift out

Ibd to RIA

3.4%

INDEPENDENT WEALTH NETWORK, INC.

Sep 29, 2017

Oct 16, 2017

PHOENIX, AZ

Team lift out

Other

5.6%

AO WEALTH ADVISORY

Aug 10, 2017

Aug 8, 2017

URBANDALE, IA

Team lift out

Other

3.9%

RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC

Nov 9, 2015

Nov 10, 2015

PELLA, IA

Team lift out

Other

5.4%