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SEC-registered adviser

A•••• F•••••••• S••••••• I••

Independent wealth managerEdina, MinnesotaCRD 106604SEC 801-135938websiteIAPD
Latest filing Mar 23, 2026
First filing on the tape Jan 9, 2012 · 18 filings
SEC status approved since Apr 23, 2026
RAUM
$120M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
97%
$116M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$40.0M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$120M as of Mar 23, 2026
Mar 23, 2012$175M then
HNW client RAUM: $90.9M
State-registered IARs (5.B.3)3 as of Mar 23, 2026
Mar 23, 20120 then
Employees (5.A)3 as of Mar 23, 2026
Mar 28, 20134 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Mar 23, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • 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
$40.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
31derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.2MderivedHNW RAUM over HNW clients
Average account
$1.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
3.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, otherreportedItem 5.G
Custody
$55.8M, 124 clientsreportedItem 9.A
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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$90.9M76%
  • Individuals$25.2M21%
  • Charitable organizations$4.1M3.4%
Individual clients
52reported
HNW clients
41reported
Pension plan clients
n/areported
Charitable clients
5reported
Accounts
98reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$55.8M for 124 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.97 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
A••••• D••• A••••Edina, MnDec 4, 201340 y1
T•••• C•••••••• A••••Edina, MnJan 15, 201423 y0
E•••• M••••••• H•••••••Edina, MnAug 28, 202021 y0
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
Joined, latest
none on the tape
    Every departureEvery arrival
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • A••••• A•••••• D••• · Ceo/Presidentcontrol
      since 06/1986 · owns 50% to 75%
    • A••••• J•••••••• L• · Cfo/Chief Compliance Officercontrol
      since 06/1986 · owns 50% to 75%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Edina, Mn · principal300
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • custody status changedChange between filings · filing Mar 23, 2026
      custody of client assets (Item 9.A): no on the filing of 2016-03-02, yes on the filing of 2026-03-23
      peers: independent wealth managers, $100M to $500M (5,678)
    How anomalies are measured
    What changed
    consecutive filings, newest first
    • Accounts · 70 to 98
      Mar 2, 2016 to Mar 23, 2026
    • Advisory employees · 2 to 3
      Mar 2, 2016 to Mar 23, 2026
    • Charity clients · unset to 5.0
      Mar 2, 2016 to Mar 23, 2026
    • HNW clients · unset to 41.0
      Mar 2, 2016 to Mar 23, 2026
    • Individual clients · unset to 52.0
      Mar 2, 2016 to Mar 23, 2026
    • Assets in custody · unset to 55759462.0
      Mar 2, 2016 to Mar 23, 2026
    • Custody of client assets · false to true
      Mar 2, 2016 to Mar 23, 2026
    • Financial planning clients · 1-10 to 1-10
      Mar 2, 2016 to Mar 23, 2026
    • State-registered IARs · 2 to 3
      Mar 2, 2016 to Mar 23, 2026
    • Other offices · unset to 0.0
      Mar 2, 2016 to Mar 23, 2026
    • Discretionary RAUM · $36.8M to $120M
      Mar 2, 2016 to Mar 23, 2026
    • HNW RAUM · unset to 90861698.0
      Mar 2, 2016 to Mar 23, 2026
    • Individual RAUM · unset to 25184660.0
      Mar 2, 2016 to Mar 23, 2026
    • RAUM · $36.8M to $120M
      Mar 2, 2016 to Mar 23, 2026
    • Accounts · 74 to 70
      Dec 10, 2015 to Feb 27, 2016
    • Advisory activities · 4 to 3
      Dec 10, 2015 to Feb 27, 2016
    • Assets in custody · 6171926.0 to unset
      Dec 10, 2015 to Feb 27, 2016
    • Custody of client assets · true to false
      Dec 10, 2015 to Feb 27, 2016
    • Discretionary RAUM · $41.4M to $36.8M
      Dec 10, 2015 to Feb 27, 2016
    • Non-discretionary RAUM · $51.2M to $0
      Dec 10, 2015 to Feb 27, 2016
    • RAUM · $92.6M to $36.8M
      Dec 10, 2015 to Feb 27, 2016
    • Accounts · 79 to 74
      Mar 31, 2015 to Dec 10, 2015
    • Advisory activities · 5 to 4
      Mar 31, 2015 to Dec 10, 2015
    • BD registered reps · 1 to 0
      Mar 31, 2015 to Dec 10, 2015
    • Assets in custody · $9.0M to $6.2M
      Mar 31, 2015 to Dec 10, 2015
    • Employees · 4 to 3
      Mar 31, 2015 to Dec 10, 2015
    • Discretionary RAUM · $47.0M to $41.4M
      Mar 31, 2015 to Dec 10, 2015
    • Non-discretionary RAUM · $401M to $51.2M
      Mar 31, 2015 to Dec 10, 2015
    • RAUM · $448M to $92.6M
      Mar 31, 2015 to Dec 10, 2015
    • Accounts · 80 to 79
      Nov 25, 2014 to Mar 31, 2015
    • Advisory employees · 3 to 2
      Nov 25, 2014 to Mar 31, 2015
    • Financial planning clients · 0 to 1-10
      Nov 25, 2014 to Mar 31, 2015
    • State-registered IARs · 3 to 2
      Nov 25, 2014 to Mar 31, 2015
    • Discretionary RAUM · $50.0M to $47.0M
      Nov 25, 2014 to Mar 31, 2015
    • Non-discretionary RAUM · $401M to $401M
      Nov 25, 2014 to Mar 31, 2015
    • RAUM · $451M to $448M
      Nov 25, 2014 to Mar 31, 2015
    • Advisory employees · 4 to 3
      Nov 6, 2014 to Nov 25, 2014
    • Employees · 5 to 4
      Nov 6, 2014 to Nov 25, 2014
    • State-registered IARs · 4 to 3
      Nov 6, 2014 to Nov 25, 2014
    • Accounts · 79 to 80
      Dec 24, 2013 to Mar 27, 2014
    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 email
    s••••@a••••.comreportedpublished by the firm, firm site, Sep 16, 2026
    Business phone
    952-933-9650reportedpublished by the firm, firm site, Sep 16, 2026
    Business phone
    952-933-9680reportedpublished by the firm, firm site, Sep 16, 2026
    Website
    A••••.COMreportedpublic record, Form ADV, Sep 21, 2026
    Principal office phone
    952-933-9650reportedpublic record, Form ADV, Mar 23, 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
    $40.0Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026