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.
SEC-registered adviser
Shelton Capital Management
Wealth manager with institutional or fund businessDenver, ColoradoCRD 104720SEC 801-25205websiteIAPD
Legal name Ccm Partners, LP
Latest filing Aug 3, 2026
First filing on the tape Mar 30, 2012 · 48 filings
SEC status approved since Sep 12, 1985
RAUM
$6.5B
reported, Item 5.F
Discretionary
95%
of RAUM
Private clients
20%
$1.3B individuals and HNW
Advisors
15
registered through the firm on IAPD
RAUM per advisor
$435M
derived; firm RAUM over IAPD count
Employees
48
23 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
48 filings and snapshots on the tape
RAUM$6.5B as of Aug 3, 2026
Mar 30, 2012$812M then
HNW client RAUM$800M as of Aug 3, 2026
Mar 29, 2018$538M then
State-registered IARs (5.B.3)10 as of Aug 3, 2026
Mar 28, 20134 then
Employees (5.A)48 as of Aug 3, 2026
Mar 28, 201314 then
Private funds1 as of Mar 27, 2020
Mar 25, 20191 then
RAUM +26% over the last fiscal year+26% a year over threeIARs 8 to 10offices 2 to 3
Practice profile
derived from the filing of Aug 3, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- RAUM per advisor
- $435MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 95derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.8MderivedHNW RAUM over HNW clients
- Average account
- $4.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 95%derivedof RAUM
- Institutional
- 7.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.2derivedItem 5.A over advisors
- Advisors per office
- 3.8derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +26%derivedbetween the last two annual amendments
- Advisor growth, one year
- +25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +25%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for investment companiesreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Firms absorbed, 24 months
- 1derivedhalf or more of a firm's advisors moved here within 14 days
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- has discretionary authority over which securities are bought or sold (8.C.1)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$4.7B72%
- High-net-worth individuals$800M12%
- Individuals$509M7.8%
- Pension and profit-sharing plans$461M7.1%
- Corporations and businesses$34.7M0.5%
- Charitable organizations$17.8M0.3%
- State and municipal entities$520,1160.0%
- Individual clients
- 1,151reported
- HNW clients
- 281reported
- Pension plan clients
- 10reported
- Charitable clients
- 10reported
- Accounts
- 1,500reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $0 sponsored, $546M managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.2 fund_share=0.72 institutional_share=0.07 related_bd=true related_bank=false bd_reps=21.0derived
Advisors registered through the firm
15 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Barringer Harold Martin | Denver, Co | Jul 9, 2008 | 26 y | 1 |
| Dennis Patrick Clark | Denver, Co | Apr 20, 2012 | 15 y | 0 |
| Nicholas Merle Griebenow | Denver, Co | Jul 12, 2018 | 13 y | 1 |
| Joshua M Fudge | Denver, Co | Aug 12, 2021 | 19 y | 1 |
| Jeff S Medina | Greenwich, Ct | Apr 28, 2022 | 18 y | 0 |
| Ryan Switzer Groves | Denver, Co | Apr 28, 2022 | 12 y | 0 |
| Matthew Riley Gunter | Denver, Co | May 2, 2022 | 26 y | 1 |
| Jason Robert Shidler | Denver, Co | Feb 29, 2024 | 15 y | 0 |
| Laura Anne Bevill | Denver, Co | Apr 20, 2024 | 12 y | 0 |
| Paul Allen Laffrenzen | Denver, Co | Jan 2, 2026 | 26 y | 0 |
| Nicholas Dean Mantel | Denver, Co | Jan 2, 2026 | 10 y | 0 |
| Jonathan Ira Bernstein | Katy, Tx | Feb 18, 2026 | 32 y | 3 |
| Gary Scott StringerChartered Financial Analyst | Annapolis, Md | Feb 23, 2026 | 26 y | 4 |
| Chad Norris KellerCertified Financial Planner | Denver, Co | Feb 23, 2026 | 21 y | 5 |
| Kimberly Faust EscueChartered Financial Analyst | Denver, Co | Feb 23, 2026 | 13 y | 1 |
Advisor movement
2 left, 4 joined in 12 months
net +2 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 13% of current headcount5 left over 36 months
Left, latest
- Alexa Tuers to Morgan StanleyAug 27, 2026 · RIA to wirehouse
- Alyssa Anne Zagrobski to Park Avenue Securities LLCOct 3, 2025 · Other
- James Bondar to Zacks Investment Management, Inc.Jul 2, 2025 · Other
- Daniel Vincent Klusty to OnesevenMay 27, 2025 · Other
- David Lucier to Wealth Enhancement Advisory Services, LLCMar 3, 2025 · Other
- Ann Margaret Donnelly to MarinerNov 1, 2021 · Other
- Matthew Aaron Acie to LPL Financial LLCAug 6, 2021 · Other
- Guy Jon Benstead to Kcm Investment AdvisorsJan 29, 2021 · RIA to RIA
- Joseph Karney Mazzola to Charles Schwab & Co., Inc.Mar 8, 2018 · Other
- Michael Dean Taylor to Wealth ManagementJul 19, 2011 · Other
- Thomas George Dolby to Northwestern Mutual Investment Services,LLCSep 9, 2010 · Other
- James C Audley to Financial Telesis, Inc.Jun 7, 2010 · Other
- Lilian Lo to Fidelity Brokerage Services LLCFeb 3, 2006 · Other
Joined, latest
- Chad Norris Keller from Stringer Asset Management, LLCFeb 23, 2026 · Other
- Kimberly Faust Escue from Stringer Asset Management, LLCFeb 23, 2026 · Other
- Gary Scott Stringer from Stringer Asset Management, LLCFeb 23, 2026 · Other
- Jonathan Ira Bernstein from Stringer Asset Management, LLCFeb 18, 2026 · Other
- Matthew Riley Gunter from Scout Investments, Inc.May 2, 2022 · Other
- Joshua M Fudge from RBC Capital Markets, LLCAug 12, 2021 · Other
- Guy Jon Benstead from Cedar Ridge Partners, LLCFeb 26, 2019 · Other
- Matthew Aaron Acie from Freedom Investment Management, Inc.Feb 22, 2019 · RIA to RIA
- Nicholas Merle Griebenow from Charles Schwab & Co., Inc.Jul 12, 2018 · Affiliated broker-dealer or bank to independent RIA
- Joseph Karney Mazzola from Thinkorswim Advisors, Inc.Jan 8, 2015 · Other
- Michael Dean Taylor from Tlg Advisors, Inc.Oct 8, 2010 · Other
- Thomas George Dolby from Ameriprise Financial Services, LLCJul 7, 2010 · Other
- Barringer Harold Martin from Kelmoore Investment Company, Inc.Jul 9, 2008 · Other
- Lilian Lo from A. G. Edwards & Sons, Inc.Aug 5, 2005 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 4 joined from Stringer Asset Management, LLCMar 30, 2026 · Memphis, Tn · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Thomas Gregory Pusch · General Counsel And Chief Compliance Officercontrolsince 03/2017 · owns less than 5%
- Craig Stephen Rogers · Presidentcontrolsince 10/1994 · owns 25% to 50%
- Brooks Curtis Cutter · Trusteecontrolsince 10/1999 · owns 25% to 50% of Richard F. Shelton Irrevocable Trust
- Shelton Celia Rogers · Trusteecontrolsince 10/1999 · owns 25% to 50% of Richard F. Shelton Irrevocable Trust
- Craig Stephen Rogers · Trusteecontrolsince 10/1999 · owns 25% to 50% of Richard F. Shelton Irrevocable Trust
- Brooks Walker · Limited Partnersince 07/1985 · owns 5% to 10%
Entity owners
- Rainer, Inc. · Limited Partnershipdirect · owns less than 5%
- Rfs Partners · General Partnerdirect · owns 25% to 50%
- Richard F Shelton, Inc. · General Partnerindirect · owns 25% to 50% of Rfs Partners
- Richard F. Shelton Irrevocable Trust · Controlling Entityindirect · owns 25% to 50% of Richard F Shelton, Inc.
- Little Bear, Inc · Limited Partnerdirect · owns 5% to 10%
Related persons
Schedule D 7.A
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Denver, Co · principal | 14 | 5 | 2 | ||
| Memphis, Tn | 2 | 2 | 0 | ||
| Cohasset, Ma | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Chesterfield, MO2 employees
- Menlo Park, CA1 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Aug 3, 2026ROGERS, CELIA, SHELTON (TRUSTEE) left Schedule A between the filings of 2023-03-31 and 2026-08-03peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Aug 3, 2026CUTTER, CURTIS, BROOKS (TRUSTEE) left Schedule A between the filings of 2023-03-31 and 2026-08-03peers: independent wealth managers, $5B to $20B (289)
- discretionary share shiftChange between filings · filing Mar 31, 2026discretionary share of RAUM moved from 76.0% to 95.0% between the annual amendments of 2025-03-31 and 2026-03-31peers: independent wealth managers, $5B to $20B (289)
What changed
consecutive filings, newest first
- Accounts · 1,217 to 1,500Feb 10, 2026 to Mar 31, 2026
- Advisory employees · 17 to 23Feb 10, 2026 to Mar 31, 2026
- BD registered reps · 16 to 21Feb 10, 2026 to Mar 31, 2026
- Charity clients · 11 to 10Feb 10, 2026 to Mar 31, 2026
- Corporate clients · 25 to 27Feb 10, 2026 to Mar 31, 2026
- HNW clients · 198 to 281Feb 10, 2026 to Mar 31, 2026
- Individual clients · 951 to 1,151Feb 10, 2026 to Mar 31, 2026
- Pension plan clients · 9 to 10Feb 10, 2026 to Mar 31, 2026
- Employees · 42 to 48Feb 10, 2026 to Mar 31, 2026
- State-registered IARs · 8 to 10Feb 10, 2026 to Mar 31, 2026
- Other offices · 2 to 3Feb 10, 2026 to Mar 31, 2026
- Discretionary RAUM · $5.2B to $6.2BFeb 10, 2026 to Mar 31, 2026
- HNW RAUM · $501M to $800MFeb 10, 2026 to Mar 31, 2026
- Individual RAUM · $402M to $509MFeb 10, 2026 to Mar 31, 2026
- Non-discretionary RAUM · $356M to $337MFeb 10, 2026 to Mar 31, 2026
- Pension RAUM · $253M to $461MFeb 10, 2026 to Mar 31, 2026
- RAUM · $5.5B to $6.5BFeb 10, 2026 to Mar 31, 2026
- Wrap assets (manager) · $421M to $546MFeb 10, 2026 to Mar 31, 2026
- Accounts · 1,216 to 1,217Nov 3, 2025 to Dec 17, 2025
- Corporate clients · 18 to 25Nov 3, 2025 to Dec 17, 2025
- Discretionary RAUM · $3.9B to $5.2BNov 3, 2025 to Dec 17, 2025
- Non-discretionary RAUM · $1.2B to $356MNov 3, 2025 to Dec 17, 2025
- RAUM · $5.2B to $5.5BNov 3, 2025 to Dec 17, 2025
- Financial planning clients · 0 to 0Aug 12, 2025 to Nov 3, 2025
- Accounts · 1,042 to 1,216Sep 10, 2024 to Mar 31, 2025
- Advisory employees · 15 to 17Sep 10, 2024 to Mar 31, 2025
- BD registered reps · 14 to 16Sep 10, 2024 to Mar 31, 2025
- HNW clients · 147 to 198Sep 10, 2024 to Mar 31, 2025
- Individual clients · 829 to 951Sep 10, 2024 to Mar 31, 2025
- Employees · 45 to 42Sep 10, 2024 to Mar 31, 2025
- State-registered IARs · 7 to 8Sep 10, 2024 to Mar 31, 2025
- Discretionary RAUM · $3.7B to $3.9BSep 10, 2024 to Mar 31, 2025
- HNW RAUM · $391M to $501MSep 10, 2024 to Mar 31, 2025
- Individual RAUM · $348M to $402MSep 10, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $1.1B to $1.2BSep 10, 2024 to Mar 31, 2025
- Pension RAUM · $224M to $253MSep 10, 2024 to Mar 31, 2025
- RAUM · $4.8B to $5.2BSep 10, 2024 to Mar 31, 2025
- Wrap assets (manager) · $372M to $421MSep 10, 2024 to Mar 31, 2025
- Accounts · 947 to 1,042Aug 11, 2023 to Mar 29, 2024
- Advisory employees · 12 to 15Aug 11, 2023 to Mar 29, 2024
Signals
8 dated events
- Alexa Tuers left Shelton Capital Management for Morgan Stanley (registered 2026-09-08)Aug 27, 2026 · Advisor changed firm · fact
- Stringer Asset Management, LLC's advisors moved to Shelton Capital Management (Memphis, TN): 4 of 4 registered, on the same dayMar 30, 2026 · Firm absorbed (people side) · derived
- Alyssa Anne Zagrobski left Shelton Capital Management for Park Avenue Securities Llc (registered 2025-10-24)Oct 3, 2025 · Advisor changed firm · fact
- James Bondar left Shelton Capital Management for Zacks Investment Management, Inc. (registered 2025-08-01)Jul 2, 2025 · Advisor changed firm · fact
- Daniel Vincent Klusty left Shelton Capital Management for Oneseven (registered 2025-07-23)May 27, 2025 · Advisor changed firm · fact
- David Lucier left Shelton Capital Management for Wealth Enhancement Advisory Services, Llc (registered 2025-03-25)Mar 3, 2025 · Advisor changed firm · fact
- Shelton Capital Management reported RAUM $4.8B, up 38% from $3.5B (2023-08-11 to 2024-03-29)Mar 29, 2024 · RAUM change · derived
- Shelton Capital Management reported RAUM $3.6B, up 87% from $1.9B (2020-07-07 to 2021-03-29)Mar 29, 2021 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Firm profile
- LINKEDIN.COM/COMPANY/2423155reportedpublic record, Form ADV, Sep 17, 2026
- Website
- sheltoncap.wistia.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 800-955-9988reportedpublic record, Form ADV, Aug 3, 2026
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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $435Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026