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

Campbell Newman Asset Management Inc

Independent wealth managerMilwaukee, WisconsinCRD 107003SEC 801-8825websiteIAPD
Latest filing Mar 9, 2026
First filing on the tape Jan 31, 2012 · 28 filings
SEC status approved since Aug 26, 1972
RAUM
$1.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
75%
$1.1B individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$361M
derived; firm RAUM over IAPD count
Employees
9
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$1.4B as of Mar 9, 2026
Jan 31, 2012$463M then
HNW client RAUM$629M as of Mar 9, 2026
Mar 22, 2018$307M then
State-registered IARs (5.B.3)5 as of Mar 9, 2026
Jan 18, 20133 then
Employees (5.A)9 as of Mar 9, 2026
Jan 18, 20136 then
Private funds: no history
RAUM +12% over the last fiscal year+10% a year over threeIARs 4 to 5
Practice profile
derived from the filing of Mar 9, 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
RAUM per advisor
$361MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
356derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.7MderivedHNW RAUM over HNW clients
Average account
$977,873derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
8.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.3derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+12%derivedbetween the last two annual amendments
Advisor growth, one year
+25%derivedItem 5.B.3 between annual amendments
Client growth, one year
+6.9%derived
Compensation
percentage of assets, fixed fees, otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$83.6M, 28 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$629M44%
  • Individuals$448M31%
  • Corporations and businesses$245M17%
  • State and municipal entities$46.9M3.2%
  • Charitable organizations$44.9M3.1%
  • Pension and profit-sharing plans$28.5M2.0%
Individual clients
1,186reported
HNW clients
236reported
Pension plan clients
22reported
Charitable clients
13reported
Accounts
1,475reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $71.0M managedreported
Custody of client assets
$83.6M for 28 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.75 fund_share=0.0 institutional_share=0.08 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Mary Campbell BrownMilwaukee, WiFeb 4, 198839 y0
Rimas Michael MilaitisMilwaukee, WiMar 17, 200527 y1
John Charles BonnellMilwaukee, WiDec 18, 201723 y1
Jeremy Alan EllisChartered Financial AnalystMilwaukee, WiFeb 24, 202112 y2
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
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Campbell Mary Brown · Director And Presidentcontrol
      since 05/2003 · owns 50% to 75%
    • Joy Robin Harrison · Chief Compliance Officercontrol
      since 02/2010 · owns less than 5%
    • Charles John Bonnell · Director Of Business Development
      since 07/2018 · owns less than 5%
    • Michael Rimas Milaitis · Director Of Research Officer
      since 05/2008 · 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
    OfficeAdvisorsJoinedLeftTeams outForming
    Milwaukee, Wi · principal400
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • control person changedChange between filings · filing Mar 9, 2026
      HARRISON, ROBIN, JOY (CHIEF COMPLIANCE OFFICER) left Schedule A between the filings of 2019-03-25 and 2026-03-09
      peers: independent wealth managers, $1B to $5B (1,360)
    What changed
    consecutive filings, newest first
    • Accounts · 1,382 to 1,475
      Dec 2, 2025 to Mar 9, 2026
    • Advisory employees · 3 to 4
      Dec 2, 2025 to Mar 9, 2026
    • Charity clients · 11 to 13
      Dec 2, 2025 to Mar 9, 2026
    • HNW clients · 203 to 236
      Dec 2, 2025 to Mar 9, 2026
    • Individual clients · 1,127 to 1,186
      Dec 2, 2025 to Mar 9, 2026
    • Pension plan clients · 23 to 22
      Dec 2, 2025 to Mar 9, 2026
    • Assets in custody · $89.8M to $83.6M
      Dec 2, 2025 to Mar 9, 2026
    • Employees · 8 to 9
      Dec 2, 2025 to Mar 9, 2026
    • State-registered IARs · 4 to 5
      Dec 2, 2025 to Mar 9, 2026
    • Discretionary RAUM · $1.3B to $1.4B
      Dec 2, 2025 to Mar 9, 2026
    • HNW RAUM · $530M to $629M
      Dec 2, 2025 to Mar 9, 2026
    • Individual RAUM · $408M to $448M
      Dec 2, 2025 to Mar 9, 2026
    • Pension RAUM · $24.7M to $28.5M
      Dec 2, 2025 to Mar 9, 2026
    • RAUM · $1.3B to $1.4B
      Dec 2, 2025 to Mar 9, 2026
    • Wrap assets (manager) · $65.0M to $71.0M
      Dec 2, 2025 to Mar 9, 2026
    • Accounts · 1,319 to 1,382
      Mar 12, 2024 to Mar 3, 2025
    • Charity clients · 12 to 11
      Mar 12, 2024 to Mar 3, 2025
    • Corporate clients · 18 to 17
      Mar 12, 2024 to Mar 3, 2025
    • HNW clients · 200 to 203
      Mar 12, 2024 to Mar 3, 2025
    • Individual clients · 1,064 to 1,127
      Mar 12, 2024 to Mar 3, 2025
    • Assets in custody · $82.1M to $89.8M
      Mar 12, 2024 to Mar 3, 2025
    • Financial planning clients · unset to
      Mar 12, 2024 to Mar 3, 2025
    • Discretionary RAUM · $1.2B to $1.3B
      Mar 12, 2024 to Mar 3, 2025
    • HNW RAUM · $491M to $530M
      Mar 12, 2024 to Mar 3, 2025
    • Individual RAUM · $369M to $408M
      Mar 12, 2024 to Mar 3, 2025
    • Pension RAUM · $23.0M to $24.7M
      Mar 12, 2024 to Mar 3, 2025
    • RAUM · $1.2B to $1.3B
      Mar 12, 2024 to Mar 3, 2025
    • Wrap assets (manager) · $62.4M to $65.0M
      Mar 12, 2024 to Mar 3, 2025
    • Accounts · 1,249 to 1,319
      Jan 5, 2024 to Mar 12, 2024
    • Charity clients · 9 to 12
      Jan 5, 2024 to Mar 12, 2024
    • Corporate clients · 17 to 18
      Jan 5, 2024 to Mar 12, 2024
    • HNW clients · 180 to 200
      Jan 5, 2024 to Mar 12, 2024
    • Individual clients · 1,019 to 1,064
      Jan 5, 2024 to Mar 12, 2024
    • Pension plan clients · 22 to 23
      Jan 5, 2024 to Mar 12, 2024
    • Assets in custody · $100M to $82.1M
      Jan 5, 2024 to Mar 12, 2024
    • Discretionary RAUM · $1.1B to $1.2B
      Jan 5, 2024 to Mar 12, 2024
    • HNW RAUM · $444M to $491M
      Jan 5, 2024 to Mar 12, 2024
    • Individual RAUM · $327M to $369M
      Jan 5, 2024 to Mar 12, 2024
    • Pension RAUM · $18.9M to $23.0M
      Jan 5, 2024 to Mar 12, 2024
    • RAUM · $1.1B to $1.2B
      Jan 5, 2024 to Mar 12, 2024
    Signals
    2 dated events
    • Campbell Newman Asset Management Inc reported RAUM $1.2B, up 29% from $905.3M (2021-03-19 to 2022-03-22)
      Mar 22, 2022 · RAUM change · derived
    • Campbell Newman Asset Management Inc reported RAUM $775.7M, up 30% from $597.9M (2019-03-25 to 2020-03-24)
      Mar 24, 2020 · RAUM change · derived
    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
    414-908-6670reportedpublished by the firm, firm site, Sep 15, 2026
    Firm profile
    LINKEDIN.COM/COMPANY/10361925reportedpublic record, Form ADV, Sep 17, 2026
    Website
    CAMPBELLNEWMAN.COMreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    414-908-6670reportedpublic record, Form ADV, Mar 9, 2026
    Team page
    campbellnewman.com/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
    Independent wealth managerderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $361Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026