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

S••••• T•••••• C•••••• G•••• I••

Wealth manager with institutional or fund businessMinnetonka, MinnesotaCRD 106052SEC 801-39816websiteIAPD
Latest filing Mar 24, 2026
First filing on the tape Mar 14, 2012 · 27 filings
SEC status approved since Apr 8, 1992
RAUM
$469M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
28%
$129M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$93.8M
derived; firm RAUM over IAPD count
Employees
4
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$469M as of Mar 24, 2026
Mar 14, 2012$340M then
HNW client RAUM$116M as of Mar 24, 2026
Feb 21, 2018$207M then
State-registered IARs (5.B.3)4 as of Mar 24, 2026
Mar 14, 20120 then
Employees (5.A)4 as of Mar 24, 2026
Mar 5, 20133 then
Private funds1 as of Mar 24, 2026
Mar 14, 20121 then
RAUM -10% over the last fiscal year-2.2% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 24, 2026; every figure names its basis
Archetypes, each a printed rule
RAUM per advisor
$93.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
3derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$8.3MderivedHNW RAUM over HNW clients
Average account
$11.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
49%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
0.8derivedItem 5.A over advisors
Advisors per office
5.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-10%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+6.3%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pension and profit-sharing plans$119M25%
  • High-net-worth individuals$116M25%
  • Pooled investment vehicles$111M24%
  • Charitable organizations$106M23%
  • Individuals$13.0M2.8%
  • State and municipal entities$4.0M0.9%
Individual clients
3reported
HNW clients
14reported
Pension plan clients
2reported
Charitable clients
9reported
Accounts
41reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.28 fund_share=0.24 institutional_share=0.49 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
F••• H••••• S•••••Chartered Financial AnalystMinnetonka, MnJan 23, 201434 y0
B••••••• D•••• J••••••Chartered Financial AnalystMinnetonka, MnJan 23, 201429 y0
M•••••• J••••• W•••••Chartered Financial AnalystMinnetonka, MnNov 11, 201415 y0
P•••• J•••• S••••••Chartered Financial AnalystMinnetonka, MnAug 24, 201725 y0
J•••• W•••••• R•••••Minnetonka, Mn Apr 7, 202234 y2
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)
      Owners and control persons
      Schedule A and B, latest filing
      • J••••••• B•••••••• D•••• · Director, Shareholdercontrol
        since 01/2007 · owns 10% to 25%
      • R•••••• J••••• W•••••• · Chief Compliance Officercontrol
        since 11/2023 · owns less than 5%
      • S•••••• F•••• H••••• · Director, Shareholdercontrol
        since 03/1992 · owns 50% to 75%
      • S••••••• P••••• J•••• · Director, Shareholdercontrol
        since 01/2019 · owns 10% to 25%
      • W•••••• M••••••• J••••• · Director, Shareholdercontrol
        since 01/2016 · owns 10% to 25%
      Related persons
      Schedule D 7.A
      No related person reported.
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Minnetonka, Mn · principal500
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • high institutional concentrationStatic outlier · filing Mar 24, 2026
        institutional share of RAUM of 49% against a peer median of 0% (5676 comparable advisers, 99.0th percentile, 16.4 robust deviations)
        peers: independent wealth managers, $100M to $500M (5,676) · 99% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 40 to 41
        Feb 5, 2025 to Mar 24, 2026
      • Charity clients · 8 to 9
        Feb 5, 2025 to Mar 24, 2026
      • HNW clients · 13 to 14
        Feb 5, 2025 to Mar 24, 2026
      • Discretionary RAUM · $522M to $469M
        Feb 5, 2025 to Mar 24, 2026
      • HNW RAUM · $140M to $116M
        Feb 5, 2025 to Mar 24, 2026
      • Individual RAUM · $14.0M to $13.0M
        Feb 5, 2025 to Mar 24, 2026
      • Pension RAUM · $138M to $119M
        Feb 5, 2025 to Mar 24, 2026
      • Pooled vehicle RAUM · $126M to $111M
        Feb 5, 2025 to Mar 24, 2026
      • RAUM · $522M to $469M
        Feb 5, 2025 to Mar 24, 2026
      • HNW clients · 12 to 13
        Aug 13, 2024 to Feb 5, 2025
      • Financial planning clients · 0 to 0
        Aug 13, 2024 to Feb 5, 2025
      • Discretionary RAUM · $504M to $522M
        Aug 13, 2024 to Feb 5, 2025
      • HNW RAUM · $143M to $140M
        Aug 13, 2024 to Feb 5, 2025
      • Pension RAUM · $126M to $138M
        Aug 13, 2024 to Feb 5, 2025
      • Pooled vehicle RAUM · $120M to $126M
        Aug 13, 2024 to Feb 5, 2025
      • RAUM · $504M to $522M
        Aug 13, 2024 to Feb 5, 2025
      • Accounts · 28 to 40
        Dec 7, 2023 to Jan 23, 2024
      • Charity clients · 7 to 8
        Dec 7, 2023 to Jan 23, 2024
      • Individual clients · 2 to 3
        Dec 7, 2023 to Jan 23, 2024
      • Pension plan clients · 3 to 2
        Dec 7, 2023 to Jan 23, 2024
      • Discretionary RAUM · $502M to $504M
        Dec 7, 2023 to Jan 23, 2024
      • HNW RAUM · $157M to $143M
        Dec 7, 2023 to Jan 23, 2024
      • Individual RAUM · $13.0M to $14.0M
        Dec 7, 2023 to Jan 23, 2024
      • Pension RAUM · $131M to $126M
        Dec 7, 2023 to Jan 23, 2024
      • Pooled vehicle RAUM · $116M to $120M
        Dec 7, 2023 to Jan 23, 2024
      • RAUM · $502M to $504M
        Dec 7, 2023 to Jan 23, 2024
      • HQ city · MINNEAPOLIS to MINNETONKA
        Oct 22, 2022 to Jan 31, 2023
      • Discretionary RAUM · $501M to $502M
        Oct 22, 2022 to Jan 31, 2023
      • HNW RAUM · $165M to $157M
        Oct 22, 2022 to Jan 31, 2023
      • Individual RAUM · $14.0M to $13.0M
        Oct 22, 2022 to Jan 31, 2023
      • Pension RAUM · $115M to $131M
        Oct 22, 2022 to Jan 31, 2023
      • Pooled vehicle RAUM · $117M to $116M
        Oct 22, 2022 to Jan 31, 2023
      • RAUM · $501M to $502M
        Oct 22, 2022 to Jan 31, 2023
      • Accounts · 27 to 28
        May 5, 2021 to Mar 17, 2022
      • Charity clients · 6 to 7
        May 5, 2021 to Mar 17, 2022
      • HNW clients · 15 to 12
        May 5, 2021 to Mar 17, 2022
      • Individual clients · unset to 2.0
        May 5, 2021 to Mar 17, 2022
      • Discretionary RAUM · $421M to $501M
        May 5, 2021 to Mar 17, 2022
      • HNW RAUM · $161M to $165M
        May 5, 2021 to Mar 17, 2022
      • Individual RAUM · unset to 14000000.0
        May 5, 2021 to Mar 17, 2022
      Signals
      4 dated events
      • William Jason Roeske (Chief Compliance Officer) appeared on Schedule A of S••••• T•••••• C•••••• G•••• I••
        Dec 7, 2023 · Control person joined · fact
      • Knobel Clark Hunt (Director, Shareholder) no longer on Schedule A of S••••• T•••••• C•••••• G•••• I•• (listed 2020-06-25, absent 2021-03-15)
        Mar 15, 2021 · Control person left · inference
      • James Peter Swanson (Chief Compliance Officer, Director, Sharholder) appeared on Schedule A of S••••• T•••••• C•••••• G•••• I••
        Jun 3, 2019 · Control person joined · fact
      • S••••• T•••••• C•••••• G•••• I•• reported RAUM $346.0M, down 28% from $482.0M (2018-02-21 to 2019-02-11)
        Feb 11, 2019 · 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
      Business email
      info@stcapital.comreportedpublished by the firm, firm site, Sep 15, 2026
      Business phone
      612-338-4649reportedpublished by the firm, firm site, Sep 15, 2026
      Website
      H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      612-338-4649reportedpublic record, Form ADV, Mar 24, 2026
      Team page
      stcapital.com/who-we-arereportedpublished 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
      $93.8Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026