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
Ami Investment Management Inc
Latest filing Mar 24, 2026
First filing on the tape Mar 19, 2012 · 24 filings
SEC status approved since Jun 9, 1995
RAUM
$964M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
33%
$315M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$241M
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
24 filings and snapshots on the tape
RAUM$964M as of Mar 24, 2026
Mar 19, 2012$356M then
HNW client RAUM$231M as of Mar 24, 2026
Mar 19, 2018$123M then
State-registered IARs (5.B.3)4 as of Mar 24, 2026
Mar 19, 20120 then
Employees (5.A)6 as of Mar 24, 2026
Apr 1, 20135 then
Private funds: no history
RAUM +15% over the last fiscal year+14% a year over threeIARs 3 to 4
Practice profile
derived from the filing of Mar 24, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- RAUM per advisor
- $241MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 73derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.9MderivedHNW RAUM over HNW clients
- Average account
- $1.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 66%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +15%derivedbetween the last two annual amendments
- Advisor growth, one year
- +33%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +5.0%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Charitable organizations$625M65%
- High-net-worth individuals$231M24%
- Individuals$84.1M8.7%
- Corporations and businesses$14.3M1.5%
- State and municipal entities$9.1M0.9%
- Individual clients
- 234reported
- HNW clients
- 59reported
- Pension plan clients
- n/areported
- Charitable clients
- 16reported
- Accounts
- 764reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.33 fund_share=0.0 institutional_share=0.66 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Michael Duane AxelChartered Financial Analyst | Kendallville, In | Aug 15, 2000 | 31 y | 0 |
| Benjamin David ShivelyCertified Financial Planner | Kendallville, In | Aug 26, 2022 | 27 y | 2 |
| Jared Thomas FiedlerCertified Financial Planner | Kendallville, In | Aug 3, 2023 | 16 y | 1 |
| Victoria Lynn Kugler | Kendallville, In | Aug 20, 2025 | 13 y | 0 |
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
- Ryan Allan Kay to Arena Wealth Management LLCMay 18, 2023 · RIA to a state-registered adviser
- Douglas Edward Lockwood to LPL Financial LLCDec 31, 2002 · Other
Joined, latest
- Jared Thomas Fiedler from Valeo Financial Advisors, LLCAug 3, 2023 · RIA to RIA
- Benjamin David Shively from Cetera Investment Services LLCAug 26, 2022 · Other
- Ryan Allan Kay from Wells Fargo AdvisorsAug 4, 2014 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Duane Michael Axel · Presidentcontrolsince 05/1995 · owns 75% or more
- Thomas Jared Fiedler · Partnersince 03/2025 · owns 10% to 25%
- Ann Erica Gulick · Chief Compliance Officersince 05/2011 · owns less than 5%
- David Benjamin Shively · Partnersince 01/2024 · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Kendallville, In · principal | 4 | 0 | 0 |
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, 2026institutional share of RAUM of 66% against a peer median of 2% (1483 comparable advisers, 99.0th percentile, 21.7 robust deviations)peers: independent wealth managers, $500M to $1B (1,483) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 711 to 764Mar 20, 2025 to Mar 24, 2026
- Charity clients · 17 to 16Mar 20, 2025 to Mar 24, 2026
- Corporate clients · unset to 6.0Mar 20, 2025 to Mar 24, 2026
- Individual clients · 220 to 234Mar 20, 2025 to Mar 24, 2026
- Employees · 5 to 6Mar 20, 2025 to Mar 24, 2026
- State-registered IARs · 3 to 4Mar 20, 2025 to Mar 24, 2026
- Discretionary RAUM · $839M to $964MMar 20, 2025 to Mar 24, 2026
- HNW RAUM · $210M to $231MMar 20, 2025 to Mar 24, 2026
- Individual RAUM · $68.3M to $84.1MMar 20, 2025 to Mar 24, 2026
- RAUM · $839M to $964MMar 20, 2025 to Mar 24, 2026
- Accounts · 715 to 711Mar 20, 2024 to Mar 20, 2025
- Charity clients · 15 to 17Mar 20, 2024 to Mar 20, 2025
- HNW clients · 58 to 59Mar 20, 2024 to Mar 20, 2025
- Individual clients · 234 to 220Mar 20, 2024 to Mar 20, 2025
- Financial planning clients · 1-10 to 1-10Mar 20, 2024 to Mar 20, 2025
- Discretionary RAUM · $705M to $839MMar 20, 2024 to Mar 20, 2025
- HNW RAUM · $185M to $210MMar 20, 2024 to Mar 20, 2025
- Individual RAUM · $60.7M to $68.3MMar 20, 2024 to Mar 20, 2025
- RAUM · $705M to $839MMar 20, 2024 to Mar 20, 2025
- Accounts · 324 to 715Aug 3, 2023 to Mar 20, 2024
- Charity clients · 10 to 15Aug 3, 2023 to Mar 20, 2024
- HNW clients · 74 to 58Aug 3, 2023 to Mar 20, 2024
- Individual clients · 238 to 234Aug 3, 2023 to Mar 20, 2024
- Discretionary RAUM · $657M to $705MAug 3, 2023 to Mar 20, 2024
- HNW RAUM · $155M to $185MAug 3, 2023 to Mar 20, 2024
- Individual RAUM · $83.2M to $60.7MAug 3, 2023 to Mar 20, 2024
- RAUM · $657M to $705MAug 3, 2023 to Mar 20, 2024
- Accounts · 282 to 324Mar 23, 2022 to Mar 29, 2023
- Charity clients · 11 to 10Mar 23, 2022 to Mar 29, 2023
- HNW clients · 76 to 74Mar 23, 2022 to Mar 29, 2023
- Individual clients · 193 to 238Mar 23, 2022 to Mar 29, 2023
- Discretionary RAUM · $731M to $657MMar 23, 2022 to Mar 29, 2023
- HNW RAUM · $206M to $155MMar 23, 2022 to Mar 29, 2023
- Individual RAUM · $55.7M to $83.2MMar 23, 2022 to Mar 29, 2023
- RAUM · $731M to $657MMar 23, 2022 to Mar 29, 2023
- Accounts · 243 to 282Mar 30, 2021 to Mar 23, 2022
- Charity clients · 8 to 11Mar 30, 2021 to Mar 23, 2022
- HNW clients · 79 to 76Mar 30, 2021 to Mar 23, 2022
- Individual clients · 155 to 193Mar 30, 2021 to Mar 23, 2022
- Discretionary RAUM · $648M to $731MMar 30, 2021 to Mar 23, 2022
Signals
1 dated events
- Ryan Allan Kay left Ami Investment Management Inc for Arena Wealth Management Llc (registered 2023-05-15)May 18, 2023 · Advisor changed firm · fact
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
- 260-347-1281reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/ami-investment-management-increportedpublic record, Form ADV, Sep 17, 2026
- Website
- AMIINVESTMENT.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 260-347-1281reportedpublic record, Form ADV, Mar 24, 2026
- Team page
- amiinvestment.com/about-ami/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
- $241Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026