DFX Intelligence

Data Factory

RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM under $100M

FBD ASSET MGMT

FBD ASSET MGMT, LLC, CRD 307216

BLOOMINGTON, 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:efe9b30e-ffff-d6ba-b745-a60fef236217

Data as of Mar 30, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 9:44 AM UTC and rebuilt at most every 15 minutes.

Relationships: 13
Dated events: 1
On other graphs: 0
Observed: Feb 11, 2020 to Mar 30, 2026
13 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: independent wealth managerderivedprivate_client_share=0.97 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $76.8MItem 5.F on the latest filing (2026-03-30); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $76.8M
Private client RAUM: $74.1MderivedItem 5.D individuals plus high net worth individuals
Private client share: 97%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 1
RAUM per advisor: $76.8Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 1
Advisory employees: 1
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 137
Individual clients: 114
High net worth clients: 18
SEC number: 801-118216
CRD: 307216
Filings on the tape: 13
First filed: Feb 11, 2020
Latest filed: Mar 30, 2026
Organised: Limited Liability Company, MN
Website: fbdasset.com

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
BUBECK, KYLE, ROGER	CHIEF COMPLIANCE OFFICER	Na	yes	01/2020	Feb 11, 2020	Mar 26, 2024
MILLER, KEVIN, ROBERT	SOLE MEMBER	E	yes	01/2020	Feb 11, 2020	Mar 26, 2024

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
SYSTELLIGENCE, LLC	n/a	Asset manager	$784M	N	yes	n/a
SIIMPL, LLC	n/a	No RAUM reported	$0	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	Private funds	Fund GAV
2025	Mar 30, 2026	$76.8M	$76.8M	1	1	n/a	n/a
2024	Mar 28, 2025	$48.5M	$48.5M	1	1	n/a	n/a
2023	Mar 26, 2024	$41.2M	$41.2M	1	1	n/a	n/a
2022	Mar 31, 2023	$34.0M	$34.0M	1	1	n/a	n/a
2021	Mar 31, 2022	$38.8M	$38.8M	1	1	n/a	n/a
2020	Mar 31, 2021	$44.2M	$44.2M	1	1	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	0	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	$76.8M	$48.5M	58.2%	$34.0M	31.2%	1	1	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
NOTTINGHAM WEALTH PARTNERS, INC.	3	Sep 26, 2021	Oct 10, 2023	BLOOMINGTON, MN	Firm absorbed	RIA to RIA	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
INTERVEST INTERNATIONAL, INC.	3	Nov 3, 2020	Jan 5, 2021	COLORADO SPRINGS, CO	Team lift out	RIA to new firm	12.5%

Relationships

Registered with (5)

← KEVIN ROBERT MILLERAdvisorregistration: current employment
Jun 1, 2026 to presentfactForm ADV
← TODD ANTHONY MATHISONAdvisorregistration: previous registration
Dec 23, 2020 to Sep 26, 2021factForm ADV
← Lucas Jon PetersonAdvisorregistration: previous registration
Dec 23, 2020 to Sep 26, 2021factForm ADV
← Dalton LehnenAdvisorregistration: previous registration
Dec 23, 2020 to Sep 26, 2021factForm ADV
← Douglas Blake HortnessAdvisorregistration: previous registration
Jan 5, 2021 to Mar 30, 2021factForm ADV

Affiliated with (4)

→ SYSTELLIGENCE, LLCRegistered adviserother investment adviser, common control
factForm ADV
→ SIIMPLRegistered adviserother investment adviser, common control
factForm ADV
← SYSTELLIGENCE, LLCRegistered adviserother investment adviser, common control
factForm ADV
← SIIMPLRegistered adviserother investment adviser, common control
factForm ADV

Controls (2)

← MILLER, KEVIN, ROBERTOwnerSOLE MEMBER, ownership code E, individual
Feb 11, 2020 to Mar 26, 2024factForm ADV
← BUBECK, KYLE, ROGEROwnerCHIEF COMPLIANCE OFFICER, ownership code NA, individual
Feb 11, 2020 to Mar 26, 2024factForm ADV

Moved with (2)

→ NOTTINGHAM WEALTH PARTNERS, INC.Registered adviser3 advisors, firm absorbed, same day
Sep 26, 2021 to Oct 10, 2023factForm ADV
← INTERVEST INTERNATIONAL, INC.Registered adviser3 advisors, team lift out, same day
Nov 3, 2020 to Jan 5, 2021factForm ADV

Dated events

Occurred
Feb 11, 2020
First Form ADV filing
Fbd Asset Mgmt filed its initial SEC registration (Form ADV)
Form ADVobserved 4 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:efe9b30e-ffff-d6ba-b745-a60fef236217
First observed: Feb 11, 2020
Last observed: Mar 30, 2026 5 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.

FBD ASSET MGMT

FBD ASSET MGMT, LLC, CRD 307216

BLOOMINGTON, 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:efe9b30e-ffff-d6ba-b745-a60fef236217

Data as of Mar 30, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 9:44 AM UTC and rebuilt at most every 15 minutes.

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

BUBECK, KYLE, ROGER

CHIEF COMPLIANCE OFFICER

yes

01/2020

Feb 11, 2020

Mar 26, 2024

MILLER, KEVIN, ROBERT

SOLE MEMBER

yes

01/2020

Feb 11, 2020

Mar 26, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

SYSTELLIGENCE, LLC

n/a

Asset manager

$784M

yes

n/a

SIIMPL, LLC

n/a

No RAUM reported

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 30, 2026

$76.8M

n/a

2024

Mar 28, 2025

$48.5M

n/a

2023

Mar 26, 2024

$41.2M

n/a

2022

Mar 31, 2023

$34.0M

n/a

2021

Mar 31, 2022

$38.8M

n/a

2020

Mar 31, 2021

$44.2M

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

$76.8M

$48.5M

58.2%

$34.0M

31.2%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

NOTTINGHAM WEALTH PARTNERS, INC.

Sep 26, 2021

Oct 10, 2023

BLOOMINGTON, MN

Firm absorbed

RIA to RIA

100.0%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

INTERVEST INTERNATIONAL, INC.

Nov 3, 2020

Jan 5, 2021

COLORADO SPRINGS, CO

Team lift out

RIA to new firm

12.5%