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
1834 Investment Advisors Co.
Latest filing Sep 4, 2026
First filing on the tape Feb 16, 2012 · 54 filings
SEC status approved since Feb 13, 1976
RAUM
$2.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
46%
$1.0B individuals and HNW
Advisors
17
registered through the firm on IAPD
RAUM per advisor
$129M
derived; firm RAUM over IAPD count
Employees
45
30 advisory (5.B.1)
Offices
10
beyond the principal office
Private funds
0
reported on Schedule D
History
54 filings and snapshots on the tape
RAUM$2.2B as of Aug 31, 2026
Feb 16, 2012$401M then
HNW client RAUM$950M as of Aug 31, 2026
Mar 29, 2018$741M then
State-registered IARs (5.B.3)19 as of Aug 31, 2026
Mar 8, 20134 then
Employees (5.A)45 as of Aug 31, 2026
Mar 8, 20139 then
Private funds: no history
RAUM +112% over the last fiscal year+24% a year over threeIARs 14 to 19offices 7 to 10
Practice profile
derived from the filing of Sep 4, 2026; every figure names its basis
Archetypes, each a printed rule
- Bank affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
- RAUM per advisor
- $129MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 22derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.5MderivedHNW RAUM over HNW clients
- Average account
- $2.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 54%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.6derivedItem 5.A over advisors
- Advisors per office
- 1.5derived11 offices incl. principal (1.F.5)
- RAUM growth, one year
- +112%derivedbetween the last two annual amendments
- Advisor growth, one year
- +36%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -10%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
- Custody
- $67.2M, 79 clientsreportedItem 9.A
- Ownership
- a bank, bancorp or trust company is a 50 percent or greater ownerderived
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$1.2B54%
- High-net-worth individuals$950M43%
- Individuals$67.2M3.1%
- Charitable organizations$1.8M0.1%
- State and municipal entities$368,7530.0%
- Individual clients
- 159reported
- HNW clients
- 210reported
- Pension plan clients
- 168reported
- Charitable clients
- 4reported
- Accounts
- 966reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $67.2M for 79 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.46 fund_share=0.0 institutional_share=0.54 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
17 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| David Paul Becker | Milwaukee, Wi | Apr 17, 2001 | 29 y | 2 |
| John Clifford ClaybonChartered Financial Analyst | Milwaukee, Wi | Dec 8, 2022 | 39 y | 1 |
| Christopher Michael KnappsteinCertified Financial Planner | Milwaukee, Wi | Mar 6, 2023 | 24 y | 1 |
| Donald Alan PowellChartered Financial Analyst | Milwaukee, Wi | Jul 17, 2023 | 13 y | 1 |
| John Walter Randall | St. Louis Park, Mn | Feb 6, 2024 | 29 y | 4 |
| Steven Lee Fletcher | Chicago, Il | Feb 6, 2024 | 11 y | 0 |
| Randy Joseph Addie | Chicago, Il | Feb 7, 2024 | 27 y | 2 |
| Michael John Skinner | Des Moines, Ia | Feb 7, 2024 | 18 y | 3 |
| Brandon J Muzzarelli | Joliet, Il | Jan 22, 2025 | 19 y | 0 |
| William Edwin DoveChartered Financial Analyst | St. Louis Park, Mn | Feb 10, 2025 | 26 y | 0 |
| Sara Lynn Klaessy | Des Moines, Ia | Apr 18, 2025 | 32 y | 2 |
| Tammy Brusehaver-Derby | St. Louis Park, Mn | May 13, 2025 | 28 y | 0 |
| Bradley Allen Dirksen | Minneapolis, Mn | Oct 1, 2025 | 11 y | 1 |
| Chris Brumfield | Milwaukee, Wi | Nov 17, 2025 | 27 y | 0 |
| Hussain Ali Fawaz | Milwaukee, Wi | Jun 23, 2026 | 26 y | 3 |
| Richert John HartCertified Financial Planner | Chicago, Il | Aug 14, 2026 | 21 y | 5 |
| Christopher John KrollCertified Financial Planner | Bloomington, In | Aug 27, 2026 | 23 y | 0 |
Advisor movement
3 left, 3 joined in 12 months
net 0 in 12 months1 left in 90 days2 joined in 90 daysdeparture rate 18% of current headcount7 left over 36 months
Left, latest
- Alexander Abel Stellema to OnedigitalAug 21, 2026 · Other
- Katie Scalia to Principal Securities, Inc.Mar 20, 2026 · RIA to affiliated broker-dealer or bank
- Matthew Allen Lemay to Ameriprise Financial Services, LLCMar 16, 2026 · RIA to affiliated broker-dealer or bank
- Kevin Thomas Noll to LPL Financial LLCAug 6, 2025 · RIA to affiliated broker-dealer or bank
- John Spaulding Gleason to LPL Financial LLCDec 17, 2024 · RIA to affiliated broker-dealer or bank
- Matthew Frank Bappert to Premier Asset Management LLCOct 24, 2024 · RIA to RIA
- Katherine Higgins to LPL Financial LLCAug 26, 2024 · RIA to affiliated broker-dealer or bank
- Deborah Jean Kirste to Laural Investment Advisors, Inc.Sep 20, 2005 · Other
Joined, latest
- Richert John Hart from Missionsquare RetirementAug 14, 2026 · Affiliated broker-dealer or bank to independent RIA
- Hussain Ali Fawaz from Texas Capital Bank Private Wealth AdvisorsJun 23, 2026 · RIA to RIA
- Bradley Allen Dirksen from Cetera Investment Advisers LLCOct 1, 2025 · Affiliated broker-dealer or bank to independent RIA
- Sara Lynn Klaessy from Principal Securities, Inc.Apr 18, 2025 · Affiliated broker-dealer or bank to independent RIA
- Alexander Abel Stellema from Cetera Investment Advisers LLCFeb 26, 2025 · Affiliated broker-dealer or bank to independent RIA
- Kevin Thomas Noll from LPL Financial LLCDec 16, 2024 · Affiliated broker-dealer or bank to independent RIA
- Michael John Skinner from LPL Financial LLCFeb 7, 2024 · Affiliated broker-dealer or bank to independent RIA
- Randy Joseph Addie from LPL Financial LLCFeb 7, 2024 · Affiliated broker-dealer or bank to independent RIA
- John Walter Randall from LPL Financial LLCFeb 6, 2024 · Affiliated broker-dealer or bank to independent RIA
- John Spaulding Gleason from Money Concepts Advisory ServiceFeb 5, 2024 · Affiliated broker-dealer or bank to independent RIA
- Katherine Higgins from Merrill Lynch, Pierce, Fenner & Smith IncorporatedFeb 2, 2024 · Wirehouse to independent RIA
- Donald Alan Powell from Parasol Investment Management, LLCJul 17, 2023 · Other
- Christopher Michael Knappstein from Wells Fargo Investments, LLCMar 6, 2023 · Other
- John Clifford Claybon from Signal Capital Management,Inc.Dec 8, 2022 · Other
- Robert Brooks from Johnson Wealth Inc.Jun 10, 2022 · RIA to RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Paul David Becker · Senior Managing Directorcontrolsince 04/2001 · owns less than 5%
- Ross David Bucur · Chief Compliance Officercontrolsince 11/2022 · owns less than 5%
- Scott Eric Holman · Chief Operating Officercontrolsince 10/2023 · owns less than 5%
- Paul James Steiner · Chairman And Chief Investment Officercontrolsince 05/2022 · owns less than 5%
- Mohsen Chady Alahmar · Chief Executive Officersince 05/2022 · owns less than 5%
- Clifford John Claybon · Senior Managing Directorsince 09/2022 · owns less than 5%
- Daniel Michael Ebner · Assistant General Counselsince 10/2023 · owns less than 5%
- Thomas Mark Gorski · Chief Financial Officersince 05/2022 · owns less than 5%
Entity owners
- Old National Bancorp · Shareholderdirect · owns 75% or more · public reporting company
Related persons
Schedule D 7.A
- Old National Bankcustodiann
Advisers that list 1834 Investment Advisors Co. as a related person
- 115439 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Milwaukee, Wi · principal | 6 | 2 | 0 | ||
| Chicago, Il | 4 | 1 | 0 | ||
| St Louis Park, Mn | 3 | 0 | 0 | ||
| Joliet, Il | 2 | 0 | 0 | ||
| Des Moines, Ia | 2 | 0 | 0 | ||
| Evansville, In | 1 | 0 | 0 | ||
| Minneapolis, Mn | 1 | 1 | 2 | ||
| Fort Wayne, In | 0 | 0 | 0 | ||
| Indianapolis, In | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Evansville, IN5 employees
- Joliet, IL3 employees
- St Louis Park, MN3 employees
- Chicago, IL2 employees
- Scottsdale, AZ1 employees
ADV anomalies
7 against comparable advisers; where to look, not conclusions
- growth on all axesCombination · filing Apr 22, 2026RAUM, offices and advisors all grew 25 percent or more in one year: a platform in expansion or an acquisition. RAUM $1,034,664,175 to $2,196,582,334, advisors 14 to 19, private clients 410 to 369, offices 7 to 9 (2025-04-11 to 2026-04-22)peers: independent wealth managers, $1B to $5B (1,360)
- wealth to institutional shiftCombination · filing Apr 22, 2026private-client share fell 15 points or more while institutional share rose 15 points or more. RAUM $1,034,664,175 to $2,196,582,334, advisors 14 to 19, private clients 410 to 369, offices 7 to 9 (2025-04-11 to 2026-04-22)peers: independent wealth managers, $1B to $5B (1,360)
- client mix shiftChange between filings · filing Apr 22, 2026private-client share of RAUM moved from 97.0% to 46.0% between the annual amendments of 2025-04-11 and 2026-04-22peers: independent wealth managers, $1B to $5B (1,360)
- employee count surgeChange between filings · filing Apr 22, 2026employees (Item 5.A) moved from 25.0 to 45.0 (+80.0%) between the annual amendments of 2025-04-11 and 2026-04-22; the peer median change was +4.0% (1050 comparable advisers, 98.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,050) · 98% percentile
- HNW share shiftChange between filings · filing Apr 22, 2026HNW share of RAUM moved from 90.0% to 43.0% between the annual amendments of 2025-04-11 and 2026-04-22peers: independent wealth managers, $1B to $5B (1,360)
- institutional asset share shiftChange between filings · filing Apr 22, 2026institutional share of RAUM moved from 3.0% to 54.0% between the annual amendments of 2025-04-11 and 2026-04-22peers: independent wealth managers, $1B to $5B (1,360)
- RAUM up 50 %Change between filings · filing Apr 22, 2026RAUM (Item 5.F) moved from $1,034,664,175 to $2,196,582,334 (+112.0%) between the annual amendments of 2025-04-11 and 2026-04-22; the peer median change was +17.0% (1297 comparable advisers, 98.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,297) · 98% percentile
What changed
consecutive filings, newest first
- Financial planning clients · 51-100 to 51-100Aug 31, 2026 to Sep 4, 2026
- Succession · false to unsetAug 31, 2026 to Sep 4, 2026
- Other offices · 9 to 10Jul 16, 2026 to Aug 31, 2026
- Accounts · 924 to 966Aug 13, 2025 to Mar 18, 2026
- Advisory employees · 16 to 30Aug 13, 2025 to Mar 18, 2026
- Advisory activities · 3 to 4Aug 13, 2025 to Mar 18, 2026
- BD registered reps · 1 to 0Aug 13, 2025 to Mar 18, 2026
- Charity clients · 6 to 4Aug 13, 2025 to Mar 18, 2026
- HNW clients · 224 to 210Aug 13, 2025 to Mar 18, 2026
- Individual clients · 186 to 159Aug 13, 2025 to Mar 18, 2026
- Pension plan clients · 18 to 168Aug 13, 2025 to Mar 18, 2026
- Assets in custody · $63.5M to $67.2MAug 13, 2025 to Mar 18, 2026
- Employees · 25 to 45Aug 13, 2025 to Mar 18, 2026
- State-registered IARs · 14 to 19Aug 13, 2025 to Mar 18, 2026
- Other offices · 7 to 9Aug 13, 2025 to Mar 18, 2026
- Discretionary RAUM · $1.0B to $2.2BAug 13, 2025 to Mar 18, 2026
- HNW RAUM · $930M to $950MAug 13, 2025 to Mar 18, 2026
- Individual RAUM · $77.5M to $67.2MAug 13, 2025 to Mar 18, 2026
- Pension RAUM · $24.8M to $1.2BAug 13, 2025 to Mar 18, 2026
- RAUM · $1.0B to $2.2BAug 13, 2025 to Mar 18, 2026
- Accounts · 1,077 to 924Mar 15, 2024 to Apr 11, 2025
- Advisory employees · 17 to 16Mar 15, 2024 to Apr 11, 2025
- BD registered reps · 7 to 1Mar 15, 2024 to Apr 11, 2025
- Charity clients · 7 to 6Mar 15, 2024 to Apr 11, 2025
- HNW clients · 219 to 224Mar 15, 2024 to Apr 11, 2025
- Individual clients · 216 to 186Mar 15, 2024 to Apr 11, 2025
- Pension plan clients · 21 to 18Mar 15, 2024 to Apr 11, 2025
- Assets in custody · $59.6M to $63.5MMar 15, 2024 to Apr 11, 2025
- Employees · 28 to 25Mar 15, 2024 to Apr 11, 2025
- Financial planning clients · 51-100 to 51-100Mar 15, 2024 to Apr 11, 2025
- Other offices · 5 to 7Mar 15, 2024 to Apr 11, 2025
- Discretionary RAUM · $1.1B to $1.0BMar 15, 2024 to Apr 11, 2025
- HNW RAUM · $981M to $930MMar 15, 2024 to Apr 11, 2025
- Individual RAUM · $88.1M to $77.5MMar 15, 2024 to Apr 11, 2025
- Pension RAUM · $26.9M to $24.8MMar 15, 2024 to Apr 11, 2025
- RAUM · $1.1B to $1.0BMar 15, 2024 to Apr 11, 2025
- Accounts · 1,171 to 1,077Oct 3, 2023 to Mar 15, 2024
- Advisory employees · 8 to 17Oct 3, 2023 to Mar 15, 2024
- BD registered reps · 1 to 7Oct 3, 2023 to Mar 15, 2024
- Charity clients · 12 to 7Oct 3, 2023 to Mar 15, 2024
Signals
26 dated events
- Alexander Abel Stellema left 1834 Investment Advisors Co. for Onedigital (registered 2026-08-25)Aug 21, 2026 · Advisor changed firm · fact
- Katie Scalia left 1834 Investment Advisors Co. for Principal Securities, Inc. (registered 2026-06-12)Mar 20, 2026 · Advisor changed firm · fact
- 1834 Investment Advisors Co. reported RAUM $2.2B, up 112% from $1.0B (2025-08-13 to 2026-03-18)Mar 18, 2026 · RAUM change · derived
- Matthew Allen Lemay left 1834 Investment Advisors Co. for Ameriprise Financial Services, Llc (registered 2026-04-10)Mar 16, 2026 · Advisor changed firm · fact
- Kevin Thomas Noll left 1834 Investment Advisors Co. for Lpl Financial Llc (registered 2026-03-18)Aug 6, 2025 · Advisor changed firm · fact
- John Spaulding Gleason left 1834 Investment Advisors Co. for Lpl Financial Llc (registered 2024-02-14)Dec 17, 2024 · Advisor changed firm · fact
- Matthew Frank Bappert left 1834 Investment Advisors Co. for Premier Asset Management Llc (registered 2022-09-23)Oct 24, 2024 · Advisor changed firm · fact
- Katherine Higgins left 1834 Investment Advisors Co. for Lpl Financial Llc (registered 2024-03-14)Aug 26, 2024 · Advisor changed firm · fact
- Scott Eric Holman (Chief Operating Officer) appeared on Schedule A of 1834 Investment Advisors Co.Mar 15, 2024 · Control person joined · fact
- Henry August Schupp (Chief Legal Officer) no longer on Schedule A of 1834 Investment Advisors Co. (listed 2023-03-24, absent 2023-10-03)Oct 3, 2023 · Control person left · inference
- Joseph Ryan Cushing (Director And Treasurer) no longer on Schedule A of 1834 Investment Advisors Co. (listed 2022-12-02, absent 2023-03-24)Mar 24, 2023 · Control person left · inference
- Allen Timothy Marx (Vice President) no longer on Schedule A of 1834 Investment Advisors Co. (listed 2022-12-02, absent 2023-03-24)Mar 24, 2023 · Control person left · inference
- Anthony Robert Brooks (Senior Portfolio Manager) no longer on Schedule A of 1834 Investment Advisors Co. (listed 2022-12-02, absent 2023-03-24)Mar 24, 2023 · Control person left · inference
- Ross David Bucur (Chief Compliance Officer) appeared on Schedule A of 1834 Investment Advisors Co.Nov 3, 2022 · Control person joined · fact
- Bertrina Sokona Smith (Chief Compliance Officer) no longer on Schedule A of 1834 Investment Advisors Co. (listed 2022-09-20, absent 2022-11-03)Nov 3, 2022 · Control person left · inference
- Allen Timothy Marx (Vice President) appeared on Schedule A of 1834 Investment Advisors Co.May 19, 2022 · Control person joined · fact
- Anthony Robert Brooks (Senior Portfolio Manager) appeared on Schedule A of 1834 Investment Advisors Co.May 19, 2022 · Control person joined · fact
- Robert Mark Zellmer (Director, Chairman) no longer on Schedule A of 1834 Investment Advisors Co. (listed 2022-03-31, absent 2022-05-19)May 19, 2022 · Control person left · inference
- Christopher Steven Babinski (Director And Secretary) no longer on Schedule A of 1834 Investment Advisors Co. (listed 2022-02-08, absent 2022-03-31)Mar 31, 2022 · Control person left · inference
- Paul Robert Diedrich (Director) no longer on Schedule A of 1834 Investment Advisors Co. (listed 2022-02-08, absent 2022-03-31)Mar 31, 2022 · Control person left · inference
- Paul James Steiner (Vice President) appeared on Schedule A of 1834 Investment Advisors Co.Mar 31, 2022 · Control person joined · fact
- Henry August Schupp (Director And Secretary) appeared on Schedule A of 1834 Investment Advisors Co.Mar 31, 2022 · Control person joined · fact
- Christopher Steven Babinski (Director And Secretary) appeared on Schedule A of 1834 Investment Advisors Co.Feb 25, 2019 · Control person joined · fact
- Joseph Ryan Cushing (Director And Treasurer) appeared on Schedule A of 1834 Investment Advisors Co.Feb 25, 2019 · Control person joined · fact
- Bertrina Sokona Smith (Chief Compliance Officer) appeared on Schedule A of 1834 Investment Advisors Co.Feb 25, 2019 · Control person joined · fact
- Paul Robert Diedrich (Director) appeared on Schedule A of 1834 Investment Advisors Co.Feb 25, 2019 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- 1834 Investment Advisors Co. · Private Equityshared crd · intermediary
How to reach
public business contact points only, each with its source
- Business phone
- 414-615-1012reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/1834-investment-advisorsreportedpublic record, Form ADV, Sep 17, 2026
- Website
- 1834investmentadvisors.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (414) 615-1012reportedpublic record, Form ADV, Sep 4, 2026
- Contact form
- 1834investmentadvisors.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- 1834investmentadvisors.com/our-teamreportedpublished by the firm, firm site, Sep 15, 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
- $129Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026