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

TRUE NORTH FINANCIAL

TNF LLC, CRD 309126

BILLINGS, MT

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:e44e825c-819e-04b5-25b2-1f936ccb2872

Data as of Apr 16, 2024 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 3:40 AM UTC and rebuilt at most every 15 minutes.

Relationships: 7
Dated events: 6
On other graphs: 0
Observed: May 29, 2020 to Apr 16, 2024
17 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: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $357MItem 5.F on the latest filing (2024-04-16); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $357M
Private client RAUM: $354MderivedItem 5.D individuals plus high net worth individuals
Private client share: 99%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 6
Advisory employees: 4
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 1,212
Individual clients: 404
High net worth clients: 80
Custody, client assets: $193M
SEC number: 801-118992
CRD: 309126
Filings on the tape: 17
First filed: May 29, 2020
Latest filed: Apr 16, 2024
Organised: Limited Liability Company, Montana

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
VOGELE, TYLER	MANAGING MEMBER & CHIEF COMPLIANCE OFFICER	E	yes	05/2020	May 29, 2020	Apr 16, 2024

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	Private funds	Fund GAV
2023	Mar 7, 2024	$357M	$357M	6	4	n/a	n/a
2022	Mar 8, 2023	$298M	$298M	4	2	n/a	n/a
2021	Apr 26, 2022	$309M	$309M	7	4	n/a	n/a
2020	Mar 25, 2021	$300M	$300M	7	4	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
2023	$357M	$298M	20.1%	$300M	6.0%	6	4	0	0

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
CWM, LLC	4	Jan 28, 2025	Sep 24, 2024	BILLINGS, MT	Firm absorbed	RIA to ibd	100.0%

Teams in

teams that arrived here from one firm together

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
AMERIPRISE FINANCIAL SERVICES, LLC	3	Aug 13, 2020	Aug 11, 2020	BILLINGS, MT	Team lift out	Ibd to new firm	0.0%

Relationships

Controls (1)

← VOGELE, TYLEROwnerMANAGING MEMBER & CHIEF COMPLIANCE OFFICER, ownership code E, individual
May 29, 2020 to presentfactForm ADV

Registered with (4)

← RYAN KURT WITTMANAdvisorregistration: previous registration
Aug 8, 2020 to Jan 28, 2025factForm ADV
← TYLER DENNIS VOGELEAdvisorregistration: previous registration
Aug 8, 2020 to Jan 28, 2025factForm ADV
← LEE ANN FORSHEEAdvisorregistration: previous registration
Aug 11, 2020 to Jan 28, 2025factForm ADV
← David Thomas GuenthnerAdvisorregistration: previous registration
Jan 8, 2024 to Jan 28, 2025factForm ADV

Moved with (2)

→ CWM, LLCRegistered adviser4 advisors, firm absorbed, same day
Jan 28, 2025 to Sep 24, 2024factForm ADV
← AMERIPRISE FINANCIAL SERVICES, LLCRegistered adviser3 advisors, team lift out
Aug 13, 2020 to Aug 11, 2020factForm ADV

Dated events

Occurred
Jan 28, 2025
Firm absorbed
True North Financial's advisors moved to Cwm, LLC (Billings, MT): 4 of 4 registered, on the same day
Form ADVobserved 5 days ago
4 advisors
Occurred
Jan 28, 2025
Advisor changed firm
David Thomas Guenthner left True North Financial for Cwm, Llc (registered 2024-09-24)
Form ADVobserved 6 days ago
Occurred
Jan 28, 2025
Advisor changed firm
Tyler Dennis Vogele left True North Financial for Cwm, Llc (registered 2024-09-24)
Form ADVobserved 6 days ago
Occurred
Jan 28, 2025
Advisor changed firm
Ryan Kurt Wittman left True North Financial for Cwm, Llc (registered 2024-09-24)
Form ADVobserved 6 days ago
Occurred
Jan 28, 2025
Advisor changed firm
Lee Ann Forshee left True North Financial for Cwm, Llc (registered 2024-09-24)
Form ADVobserved 6 days ago
Occurred
May 29, 2020
First Form ADV filing
True North Financial filed its initial SEC registration (Form ADV)
Form ADVobserved 6 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:e44e825c-819e-04b5-25b2-1f936ccb2872
First observed: May 29, 2020
Last observed: Apr 16, 2024 29 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.

TRUE NORTH FINANCIAL

TNF LLC, CRD 309126

BILLINGS, MT

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:e44e825c-819e-04b5-25b2-1f936ccb2872

Data as of Apr 16, 2024 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 3:40 AM UTC and rebuilt at most every 15 minutes.

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

VOGELE, TYLER

MANAGING MEMBER & CHIEF COMPLIANCE OFFICER

yes

05/2020

May 29, 2020

Apr 16, 2024

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2023

Mar 7, 2024

$357M

n/a

2022

Mar 8, 2023

$298M

n/a

2021

Apr 26, 2022

$309M

n/a

2020

Mar 25, 2021

$300M

n/a

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2023

$357M

$298M

20.1%

$300M

6.0%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

CWM, LLC

Jan 28, 2025

Sep 24, 2024

BILLINGS, MT

Firm absorbed

RIA to ibd

100.0%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

AMERIPRISE FINANCIAL SERVICES, LLC

Aug 13, 2020

Aug 11, 2020

BILLINGS, MT

Team lift out

Ibd to new firm

0.0%