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.

Former SEC-registered adviser

Front Barnett Associates LLC

Former SEC-registered adviserChicago, IllinoisCRD 106193SEC 801-46599IAPD
Latest filing Jul 17, 2023
First filing on the tape Jan 24, 2012 · 32 filings
RAUM
$999M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
86%
$856M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
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
32 filings and snapshots on the tape
RAUM$999M as of Feb 22, 2023
Mar 14, 2012$507M then
HNW client RAUM$844M as of Feb 22, 2023
Mar 19, 2018$675M then
State-registered IARs (5.B.3)2 as of Feb 22, 2023
Mar 14, 20120 then
Employees (5.A)9 as of Feb 22, 2023
Mar 27, 20139 then
Private funds: no history
RAUM -21% over the last fiscal year+3.5% a year over threeIARs 3 to 2
Practice profile
derived from the filing of Jul 17, 2023; every figure names its basis
RAUM per advisor
$500MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
146derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.3MderivedHNW RAUM over HNW clients
Average account
$1.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
6.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.5derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-21%derivedbetween the last two annual amendments
Advisor growth, one year
-33%derivedItem 5.B.3 between annual amendments
Client growth, one year
+1.4%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Custody
$1.1B, 307 clientsreportedItem 9.A
Ownership
controlled by a public reporting companyderived
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)
  • 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)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$844M85%
  • Corporations and businesses$72.2M7.3%
  • Charitable organizations$40.2M4.1%
  • Pension and profit-sharing plans$21.1M2.1%
  • Individuals$11.2M1.1%
Individual clients
35reported
HNW clients
257reported
Pension plan clients
2reported
Charitable clients
4reported
Accounts
602reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
$1.1B for 307 clientsreported
Compensation
% of AUMreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Bernard Marshall Front · Managing Member, And Chief Compliance Officercontrol
      since 05/1994 · owns less than 5%
    • Bernard Marshall Front · Managing Membercontrol
      since 05/1994 · owns 75% or more of Trees Front Associates Incorporated
    • Ross Michael Macmillan · Cfo
      since 08/2015 · owns less than 5%
    Entity owners
    • Trees Front Associates Incorporated · Member
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Chicago, Il · principal000
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 581 to 602
      Oct 17, 2022 to Feb 22, 2023
    • Advisory employees · 4 to 3
      Oct 17, 2022 to Feb 22, 2023
    • HNW clients · 264 to 257
      Oct 17, 2022 to Feb 22, 2023
    • Individual clients · 24 to 35
      Oct 17, 2022 to Feb 22, 2023
    • Employees · 10 to 9
      Oct 17, 2022 to Feb 22, 2023
    • State-registered IARs · 3 to 2
      Oct 17, 2022 to Feb 22, 2023
    • Discretionary RAUM · $1.3B to $994M
      Oct 17, 2022 to Feb 22, 2023
    • HNW RAUM · $1.1B to $844M
      Oct 17, 2022 to Feb 22, 2023
    • Individual RAUM · $5.9M to $11.2M
      Oct 17, 2022 to Feb 22, 2023
    • Non-discretionary RAUM · $5.4M to $5.4M
      Oct 17, 2022 to Feb 22, 2023
    • Pension RAUM · $29.9M to $21.1M
      Oct 17, 2022 to Feb 22, 2023
    • RAUM · $1.3B to $999M
      Oct 17, 2022 to Feb 22, 2023
    • Accounts · 607 to 581
      Mar 9, 2021 to Mar 1, 2022
    • Charity clients · 8 to 4
      Mar 9, 2021 to Mar 1, 2022
    • Corporate clients · 14 to 7
      Mar 9, 2021 to Mar 1, 2022
    • HNW clients · 260 to 264
      Mar 9, 2021 to Mar 1, 2022
    • Individual clients · 39 to 24
      Mar 9, 2021 to Mar 1, 2022
    • Pension plan clients · 4 to 2
      Mar 9, 2021 to Mar 1, 2022
    • Discretionary RAUM · $1.1B to $1.3B
      Mar 9, 2021 to Mar 1, 2022
    • HNW RAUM · $902M to $1.1B
      Mar 9, 2021 to Mar 1, 2022
    • Individual RAUM · $12.9M to $5.9M
      Mar 9, 2021 to Mar 1, 2022
    • Non-discretionary RAUM · $5.2M to $5.4M
      Mar 9, 2021 to Mar 1, 2022
    • Pension RAUM · $25.9M to $29.9M
      Mar 9, 2021 to Mar 1, 2022
    • RAUM · $1.1B to $1.3B
      Mar 9, 2021 to Mar 1, 2022
    • Accounts · 614 to 607
      Dec 8, 2020 to Mar 9, 2021
    • Advisory activities · 1 to 2
      Dec 8, 2020 to Mar 9, 2021
    • Charity clients · 9 to 8
      Dec 8, 2020 to Mar 9, 2021
    • HNW clients · 255 to 260
      Dec 8, 2020 to Mar 9, 2021
    • Individual clients · 46 to 39
      Dec 8, 2020 to Mar 9, 2021
    • Assets in custody · $902M to $1.1B
      Dec 8, 2020 to Mar 9, 2021
    • Discretionary RAUM · $897M to $1.1B
      Dec 8, 2020 to Mar 9, 2021
    • HNW RAUM · $761M to $902M
      Dec 8, 2020 to Mar 9, 2021
    • Individual RAUM · $15.7M to $12.9M
      Dec 8, 2020 to Mar 9, 2021
    • Non-discretionary RAUM · $5.4M to $5.2M
      Dec 8, 2020 to Mar 9, 2021
    • Pension RAUM · $22.6M to $25.9M
      Dec 8, 2020 to Mar 9, 2021
    • RAUM · $902M to $1.1B
      Dec 8, 2020 to Mar 9, 2021
    • Accounts · 611 to 614
      Mar 19, 2019 to Mar 11, 2020
    • Corporate clients · 12 to 14
      Mar 19, 2019 to Mar 11, 2020
    • HNW clients · 249 to 255
      Mar 19, 2019 to Mar 11, 2020
    • Individual clients · 54 to 46
      Mar 19, 2019 to Mar 11, 2020
    Signals
    3 dated events
    • Marshall B Front left Front Barnett Associates Llc for Mesirow Financial Investment Management, Inc. (registered 2023-10-02)
      Dec 4, 2023 · Advisor changed firm · fact
    • Michael R Macmillan left Front Barnett Associates Llc for Mesirow Financial Investment Management, Inc. (registered 2023-10-02)
      Dec 4, 2023 · Advisor changed firm · fact
    • 2 advisors left Front Barnett Associates LLC (Chicago, IL) for Mesirow Financial Investment Management, Inc. on the same day
      Dec 4, 2023 · Team lift-out · derived
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    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
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026