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
B•••••• A• D• I••••••••• C•••••• I••
Latest filing Feb 18, 2026
First filing on the tape Mar 12, 2012 · 24 filings
SEC status approved since Apr 4, 1975
RAUM
$250M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
94%
$236M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$125M
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$250M as of Feb 18, 2026
Mar 12, 2012$168M then
HNW client RAUM$224M as of Feb 18, 2026
Mar 14, 2018$139M then
State-registered IARs (5.B.3)2 as of Feb 18, 2026
Mar 12, 20120 then
Employees (5.A)2 as of Feb 18, 2026
Mar 27, 20132 then
Private funds: no history
RAUM +15% over the last fiscal year+8.7% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Feb 18, 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
- RAUM per advisor
- $125MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 45derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.4MderivedHNW RAUM over HNW clients
- Average account
- $1.9MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 5.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +15%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +4.7%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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
- High-net-worth individuals$224M90%
- Charitable organizations$14.0M5.6%
- Individuals$11.7M4.7%
- Individual clients
- 25reported
- HNW clients
- 65reported
- Pension plan clients
- n/areported
- Charitable clients
- 5reported
- Accounts
- 130reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.94 fund_share=0.0 institutional_share=0.06 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| A•••••• D••• B•••••• | Mequon, Wi | May 1, 1987 | 51 y | 0 |
| J•• S••••• B•••••• | Mequon, Wi | Feb 18, 2011 | 15 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
none on the tape
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B••••••• A••••••• D••• · President/Ownercontrolsince 01/1975 · owns 75% or more
- B••••••• J••• S••••• · Analyst & Portfolio Managercontrolsince 12/2023 · owns 25% to 50%
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 |
|---|---|---|---|---|---|
| Mequon, Wi · principal | 2 | 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
- custody status changedChange between filings · filing Feb 18, 2026custody of client assets (Item 9.A): yes on the filing of 2025-03-14, no on the filing of 2026-02-18peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 124 to 130Mar 14, 2025 to Feb 18, 2026
- HNW clients · 63 to 65Mar 14, 2025 to Feb 18, 2026
- Individual clients · 23 to 25Mar 14, 2025 to Feb 18, 2026
- Pension plan clients · 1.0 to unsetMar 14, 2025 to Feb 18, 2026
- Assets in custody · 2427726.0 to unsetMar 14, 2025 to Feb 18, 2026
- Custody of client assets · true to falseMar 14, 2025 to Feb 18, 2026
- Discretionary RAUM · $217M to $250MMar 14, 2025 to Feb 18, 2026
- HNW RAUM · $191M to $224MMar 14, 2025 to Feb 18, 2026
- Individual RAUM · $12.0M to $11.7MMar 14, 2025 to Feb 18, 2026
- Pension RAUM · 1530000.0 to unsetMar 14, 2025 to Feb 18, 2026
- RAUM · $217M to $250MMar 14, 2025 to Feb 18, 2026
- Accounts · 101 to 124Feb 28, 2024 to Mar 14, 2025
- Charity clients · 3 to 5Feb 28, 2024 to Mar 14, 2025
- HNW clients · 53 to 63Feb 28, 2024 to Mar 14, 2025
- Individual clients · 24 to 23Feb 28, 2024 to Mar 14, 2025
- Assets in custody · unset to 2427726.0Feb 28, 2024 to Mar 14, 2025
- Custody of client assets · false to trueFeb 28, 2024 to Mar 14, 2025
- Financial planning clients · 0 to 0Feb 28, 2024 to Mar 14, 2025
- Other offices · 0 to 1Feb 28, 2024 to Mar 14, 2025
- Discretionary RAUM · $184M to $217MFeb 28, 2024 to Mar 14, 2025
- HNW RAUM · $153M to $191MFeb 28, 2024 to Mar 14, 2025
- Individual RAUM · $10.5M to $12.0MFeb 28, 2024 to Mar 14, 2025
- Pension RAUM · $10.3M to $1.5MFeb 28, 2024 to Mar 14, 2025
- RAUM · $184M to $217MFeb 28, 2024 to Mar 14, 2025
- Accounts · 105 to 101Dec 5, 2023 to Feb 28, 2024
- Individual clients · 26 to 24Dec 5, 2023 to Feb 28, 2024
- Pension plan clients · 2 to 1Dec 5, 2023 to Feb 28, 2024
- Discretionary RAUM · $194M to $184MDec 5, 2023 to Feb 28, 2024
- HNW RAUM · $146M to $153MDec 5, 2023 to Feb 28, 2024
- Individual RAUM · $10.7M to $10.5MDec 5, 2023 to Feb 28, 2024
- Pension RAUM · $29.1M to $10.3MDec 5, 2023 to Feb 28, 2024
- RAUM · $194M to $184MDec 5, 2023 to Feb 28, 2024
- Charity clients · 4 to 3Jun 4, 2022 to Feb 21, 2023
- HNW clients · 69 to 53Jun 4, 2022 to Feb 21, 2023
- Individual clients · 29 to 26Jun 4, 2022 to Feb 21, 2023
- Pension plan clients · 3 to 2Jun 4, 2022 to Feb 21, 2023
- Discretionary RAUM · $217M to $194MJun 4, 2022 to Feb 21, 2023
- HNW RAUM · $160M to $146MJun 4, 2022 to Feb 21, 2023
- Individual RAUM · $10.4M to $10.7MJun 4, 2022 to Feb 21, 2023
- Pension RAUM · $36.6M to $29.1MJun 4, 2022 to Feb 21, 2023
Signals
1 dated events
- Sumner Jon Beadell (Analyst & Portfolio Manager) appeared on Schedule A of B•••••• A• D• I••••••••• C•••••• I••Feb 28, 2024 · Control person joined · 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
- 262-241-0331reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- adbeadell.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 262-241-0331reportedpublic record, Form ADV, Feb 18, 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
- $125Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026