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
Morgan Dempsey Capital Management LLC
Latest filing Mar 6, 2026
First filing on the tape Mar 30, 2012 · 36 filings
SEC status approved since Dec 19, 1994
RAUM
$252M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
85%
$214M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$84.1M
derived; firm RAUM over IAPD count
Employees
6
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
36 filings and snapshots on the tape
RAUM$252M as of Mar 6, 2026
May 1, 2012$187M then
HNW client RAUM$214M as of Mar 6, 2026
Mar 26, 2018$230M then
State-registered IARs (5.B.3)3 as of Mar 6, 2026
Mar 26, 20132 then
Employees (5.A)6 as of Mar 6, 2026
Mar 26, 20135 then
Private funds: no history
RAUM -12% over the last fiscal year-13% a year over threeIARs 2 to 3
Practice profile
derived from the filing of Mar 6, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $84.1MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 151derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $470,745derivedHNW RAUM over HNW clients
- Average account
- $543,654derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -12%derivedbetween the last two annual amendments
- Advisor growth, one year
- +50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -17%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, selection of other advisers, otherreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$214M85%
- Investment companies$34.3M14%
- Corporations and businesses$3.0M1.2%
- Charitable organizations$1.3M0.5%
- Individual clients
- 0reported
- HNW clients
- 454reported
- Pension plan clients
- 0reported
- Charitable clients
- 1reported
- Accounts
- 464reported
- Financial planning clients
- reported
- Wrap fee programs
- $0 sponsored, $1.7M managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.85 fund_share=0.14 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Marc Joseph DionChartered Financial Analyst | Menomonee Falls, Wi | Mar 24, 2004 | 33 y | 0 |
| Ryan Frederick Hamilton | Milwaukee, Wi | May 6, 2014 | 13 y | 1 |
| Dave Allen Isaacson | Menomonee Falls, Wi | Nov 27, 2019 | 33 y | 3 |
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
- Mark John Fenlon to M&I Investment Management Corp.Nov 16, 2010 · Other
- Gregory Alan Dahlman to Dana Investment Advisors IncJul 16, 2002 · Other
Joined, latest
- Dave Allen Isaacson from Cliftonlarsonallen Wealth Advisors, LLCNov 27, 2019 · Affiliated broker-dealer or bank to independent RIA
- Ryan Frederick Hamilton from Voit & Company, LLCMay 6, 2014 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Joseph Marc Dion · Principalcontrolsince 03/2006 · owns less than 5%
- Wayne David Durham · Principalcontrolsince 01/2010 · owns less than 5%
- Joseph Marc Dion · Principalcontrolsince 03/2023 · owns 25% to 50% of Mdcm Legacy, LLC
- Khanh Ly Nguyen · Chief Compliance Officersince 09/2022 · owns less than 5%
Entity owners
- Mdcm Holdings, LLC · Ownerdirect · owns 75% or more
- Mdcm Legacy, LLC · Ownerindirect · owns 75% or more of Mdcm Holdings, LLC
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Menomonee Falls, Wi | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 563 to 464Jun 17, 2025 to Mar 6, 2026
- Charity clients · 3 to 1Jun 17, 2025 to Mar 6, 2026
- Corporate clients · 12 to 8Jun 17, 2025 to Mar 6, 2026
- HNW clients · 547 to 454Jun 17, 2025 to Mar 6, 2026
- Employees · 5 to 6Jun 17, 2025 to Mar 6, 2026
- State-registered IARs · 2 to 3Jun 17, 2025 to Mar 6, 2026
- Discretionary RAUM · $286M to $252MJun 17, 2025 to Mar 6, 2026
- HNW RAUM · $244M to $214MJun 17, 2025 to Mar 6, 2026
- Non-discretionary RAUM · $497,358 to $507,650Jun 17, 2025 to Mar 6, 2026
- RAUM · $287M to $252MJun 17, 2025 to Mar 6, 2026
- Wrap assets (manager) · $6.2M to $1.7MJun 17, 2025 to Mar 6, 2026
- Financial planning clients · unset to Mar 25, 2025 to Jun 17, 2025
- HQ city · MENOMONEE FALLS to MILWAUKEEMar 25, 2025 to Jun 17, 2025
- Accounts · 705 to 563Aug 29, 2024 to Mar 25, 2025
- Advisory employees · 4 to 3Aug 29, 2024 to Mar 25, 2025
- Corporate clients · 15 to 12Aug 29, 2024 to Mar 25, 2025
- HNW clients · 686 to 547Aug 29, 2024 to Mar 25, 2025
- Individual clients · unset to 0.0Aug 29, 2024 to Mar 25, 2025
- Pension plan clients · unset to 0.0Aug 29, 2024 to Mar 25, 2025
- Pooled vehicle clients · unset to 0.0Aug 29, 2024 to Mar 25, 2025
- Employees · 7 to 5Aug 29, 2024 to Mar 25, 2025
- State-registered IARs · 4 to 2Aug 29, 2024 to Mar 25, 2025
- Discretionary RAUM · $344M to $286MAug 29, 2024 to Mar 25, 2025
- HNW RAUM · $294M to $244MAug 29, 2024 to Mar 25, 2025
- Individual RAUM · unset to 0.0Aug 29, 2024 to Mar 25, 2025
- Non-discretionary RAUM · $1.8M to $497,358Aug 29, 2024 to Mar 25, 2025
- Pension RAUM · unset to 0.0Aug 29, 2024 to Mar 25, 2025
- Pooled vehicle RAUM · unset to 0.0Aug 29, 2024 to Mar 25, 2025
- RAUM · $346M to $287MAug 29, 2024 to Mar 25, 2025
- Wrap assets (manager) · $5.6M to $6.2MAug 29, 2024 to Mar 25, 2025
- Other offices · 1 to 0Jun 21, 2024 to Aug 19, 2024
- Other offices · 0 to 1Jan 29, 2024 to Jun 21, 2024
- Accounts · 817 to 705Jun 9, 2023 to Jan 29, 2024
- Corporate clients · 14 to 15Jun 9, 2023 to Jan 29, 2024
- HNW clients · 794 to 686Jun 9, 2023 to Jan 29, 2024
- Pension plan clients · 6.0 to unsetJun 9, 2023 to Jan 29, 2024
- Discretionary RAUM · $380M to $344MJun 9, 2023 to Jan 29, 2024
- HNW RAUM · $339M to $294MJun 9, 2023 to Jan 29, 2024
- Non-discretionary RAUM · $1.6M to $1.8MJun 9, 2023 to Jan 29, 2024
- Pension RAUM · 12995023.0 to unsetJun 9, 2023 to Jan 29, 2024
Signals
No event on the tape.
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 phone
- 215-330-4476reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 414-319-1080reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 414-928-8702reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/MORGAN-DEMPSEY-CAPITAL-MANAGEMENT-LLCreportedpublic record, Form ADV, Sep 17, 2026
- Website
- morgandempseyfunds.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 414-319-1080reportedpublic record, Form ADV, Mar 6, 2026
- Contact form
- morgandempseyfunds.com/contactreportedpublished by the firm, firm site, Sep 16, 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
- $84.1Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026