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.

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SEC-registered adviser

P•••••• C•••••• M••••••••• I••

Independent wealth managerWayzata, MinnesotaCRD 105028SEC 801-22888websiteIAPD
Latest filing Jul 24, 2026
First filing on the tape Mar 29, 2012 · 24 filings
SEC status approved since Dec 5, 1984
RAUM
$148M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
85%
$125M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$148M
derived; firm RAUM over IAPD count
Employees
9
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$148M as of Jul 24, 2026
Mar 29, 2012$164M then
HNW client RAUM$106M as of Jul 24, 2026
Mar 30, 2018$113M then
State-registered IARs (5.B.3)0 as of Jul 24, 2026
Mar 28, 20130 then
Employees (5.A)9 as of Jul 24, 2026
Mar 28, 20136 then
Private funds1 as of Mar 31, 2017
Mar 28, 20161 then
RAUM +16% over the last fiscal year+8.7% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jul 24, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$148MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
128derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.9MderivedHNW RAUM over HNW clients
Average account
$1.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
11%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
9.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+9.3%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
+2.2%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individualsreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$6.7M, 2 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$106M72%
  • Individuals$19.1M13%
  • Charitable organizations$8.9M6.0%
  • Corporations and businesses$7.2M4.9%
  • Pension and profit-sharing plans$6.7M4.5%
Individual clients
72reported
HNW clients
56reported
Pension plan clients
n/areported
Charitable clients
5reported
Accounts
138reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $7.9M managedreported
Custody of client assets
$6.7M for 2 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.85 fund_share=0.0 institutional_share=0.11 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
R•••••• C•••••• P••••••Chartered Financial AnalystWayzata, MnDec 12, 202546 y0
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      P•••••• P••••••• L•no longer reportedHedge Fund$1.9M9Mar 28, 2016
      Owners and control persons
      Schedule A and B, latest filing
      • P••••••• D•••••• S•••• · Chief Operating Officercontrol
        since 06/2019 · owns 50% to 75%
      • P••••••• R••••••• C•••••• · President/Chief Compliance Officercontrol
        since 06/2019 · owns 50% to 75%
      • L•••••••• H••••• A•••• L•• · Vice President
        since 03/1993 · owns less than 5%
      • L•••••••• N••••• S•• · Avp Operations
        since 01/2005 · owns less than 5%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 148 to 138
        Mar 26, 2026 to Jul 24, 2026
      • Advisory activities · 2 to 1
        Mar 26, 2026 to Jul 24, 2026
      • HNW clients · 59 to 56
        Mar 26, 2026 to Jul 24, 2026
      • Individual clients · 78 to 72
        Mar 26, 2026 to Jul 24, 2026
      • Assets in custody · $7.1M to $6.7M
        Mar 26, 2026 to Jul 24, 2026
      • Discretionary RAUM · $139M to $148M
        Mar 26, 2026 to Jul 24, 2026
      • HNW RAUM · $96.7M to $106M
        Mar 26, 2026 to Jul 24, 2026
      • Individual RAUM · $16.1M to $19.1M
        Mar 26, 2026 to Jul 24, 2026
      • Pension RAUM · $5.7M to $6.7M
        Mar 26, 2026 to Jul 24, 2026
      • RAUM · $139M to $148M
        Mar 26, 2026 to Jul 24, 2026
      • Wrap assets (manager) · $5.7M to $7.9M
        Mar 26, 2026 to Jul 24, 2026
      • Accounts · 145 to 148
        Mar 27, 2025 to Mar 26, 2026
      • HNW clients · 66 to 59
        Mar 27, 2025 to Mar 26, 2026
      • Individual clients · 68 to 78
        Mar 27, 2025 to Mar 26, 2026
      • Assets in custody · $5.8M to $7.1M
        Mar 27, 2025 to Mar 26, 2026
      • Discretionary RAUM · $127M to $139M
        Mar 27, 2025 to Mar 26, 2026
      • HNW RAUM · $89.8M to $96.7M
        Mar 27, 2025 to Mar 26, 2026
      • Individual RAUM · $13.6M to $16.1M
        Mar 27, 2025 to Mar 26, 2026
      • Pension RAUM · $4.8M to $5.7M
        Mar 27, 2025 to Mar 26, 2026
      • RAUM · $127M to $139M
        Mar 27, 2025 to Mar 26, 2026
      • Wrap assets (manager) · $4.9M to $5.7M
        Mar 27, 2025 to Mar 26, 2026
      • Accounts · 151 to 145
        Mar 21, 2024 to Mar 27, 2025
      • HNW clients · 73 to 66
        Mar 21, 2024 to Mar 27, 2025
      • Assets in custody · $5.4M to $5.8M
        Mar 21, 2024 to Mar 27, 2025
      • Financial planning clients · 0 to 0
        Mar 21, 2024 to Mar 27, 2025
      • Discretionary RAUM · $131M to $127M
        Mar 21, 2024 to Mar 27, 2025
      • HNW RAUM · $95.5M to $89.8M
        Mar 21, 2024 to Mar 27, 2025
      • Individual RAUM · $13.0M to $13.6M
        Mar 21, 2024 to Mar 27, 2025
      • Pension RAUM · $4.6M to $4.8M
        Mar 21, 2024 to Mar 27, 2025
      • RAUM · $131M to $127M
        Mar 21, 2024 to Mar 27, 2025
      • Wrap assets (manager) · $3.4M to $4.9M
        Mar 21, 2024 to Mar 27, 2025
      • Accounts · 155 to 151
        Mar 29, 2023 to Mar 21, 2024
      • HNW clients · 75 to 73
        Mar 29, 2023 to Mar 21, 2024
      • Individual clients · 70 to 68
        Mar 29, 2023 to Mar 21, 2024
      • Assets in custody · $4.9M to $5.4M
        Mar 29, 2023 to Mar 21, 2024
      • Discretionary RAUM · $115M to $131M
        Mar 29, 2023 to Mar 21, 2024
      • HNW RAUM · $84.9M to $95.5M
        Mar 29, 2023 to Mar 21, 2024
      • Individual RAUM · $9.8M to $13.0M
        Mar 29, 2023 to Mar 21, 2024
      • Pension RAUM · $4.0M to $4.6M
        Mar 29, 2023 to Mar 21, 2024
      • RAUM · $115M to $131M
        Mar 29, 2023 to Mar 21, 2024
      Signals
      1 dated events
      • Wallace Richard Perkins (Deceased) no longer on Schedule A of P•••••• C•••••• M••••••••• I•• (listed 2020-06-25, absent 2021-03-26)
        Mar 26, 2021 · Control person left · inference
      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
      Website
      P••••••CAPITAL.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      952-473-8367reportedpublic record, Form ADV, Jul 24, 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
      Independent wealth managerderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      $148Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026