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.

Former SEC-registered adviser

Denver Investments

Former SEC-registered adviserDenver, ColoradoCRD 107293SEC 801-47933IAPD
Legal name Denver Investment Advisors LLC
Latest filing Mar 30, 2018
First filing on the tape Mar 30, 2012 · 21 filings
RAUM
$7.0B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
20%
$1.4B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
80
40 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
1
$24.7M gross assets
History
21 filings and snapshots on the tape
RAUM$7.0B as of Mar 30, 2018
Mar 30, 2012$9.4B then
HNW client RAUM: $1.3B
State-registered IARs (5.B.3)5 as of Mar 30, 2018
Mar 28, 20138 then
Employees (5.A)80 as of Mar 30, 2018
Mar 28, 201392 then
Private funds1 as of Mar 30, 2018
Mar 30, 20121 then
RAUM -2.7% over the last fiscal year-9.4% a year over threeIARs 2 to 5
Practice profile
derived from the filing of Mar 30, 2018; every figure names its basis
RAUM per advisor
$1.4BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
220derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.4MderivedHNW RAUM over HNW clients
Average account
$5.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
43%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
16.0derivedItem 5.A over advisors
Advisors per office
2.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-2.7%derivedbetween the last two annual amendments
Advisor growth, one year
+150%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-based, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$248M, 55 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)
  • 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)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$2.4B34%
  • Pension and profit-sharing plans$1.6B24%
  • High-net-worth individuals$1.3B19%
  • Insurance companies$713M10%
  • State and municipal entities$454M6.5%
  • Charitable organizations$208M3.0%
  • Corporations and businesses$166M2.4%
  • Individuals$41.9M0.6%
  • Pooled investment vehicles$24.7M0.4%
Individual clients
118reported
HNW clients
980reported
Pension plan clients
29reported
Charitable clients
35reported
Accounts
1,222reported
Financial planning clients
51-100reported
Wrap fee programs
$0 sponsored, $21.7M managedreported
Custody of client assets
$248M for 55 clientsreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Randall Derek Anguilm · Member And Oversight Committeecontrol
      since 01/2008 · owns 5% to 10%
    • Kelso Victoria Cunningham · Member And Oversight Committeecontrol
      since 04/2016 · owns less than 5%
    • Carl John Fenley · Member And Oversight Committeecontrol
      since 12/2008 · owns 10% to 25%
    • Christopher Brian Fitzsimons · Member And Oversight Committeecontrol
      since 04/2016 · owns less than 5%
    • Robert Jasper Frontz · Chief Compliance Officer, Chief Operating Officer, Member And Oversight Committeecontrol
      since 03/2014 · owns less than 5%
    • A Kenneth Harris · Member And Oversight Committeecontrol
      since 04/2016 · owns 5% to 10%
    • Garret Cynthia Knowlton · Member And Oversight Committeecontrol
      since 12/2010 · owns less than 5%
    • Monroe Mark Adelmann · Member
      since 01/2008 · owns 5% to 10%
    • Troy Dayton · Retired Member
      since 01/2008 · owns 5% to 10%
    • Jeremy Duhon · Member
      since 01/2013 · owns 10% to 25%
    • Robert Mark Mckissick · Retired Member
      since 01/2002 · owns 5% to 10%
    • Zuniga Elisa Ramirez · Member
      since 01/2013 · owns 5% to 10%
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 1,183 to 1,222
      Jul 7, 2017 to Mar 30, 2018
    • Advisory employees · 39 to 40
      Jul 7, 2017 to Mar 30, 2018
    • Charity clients · unset to 35.0
      Jul 7, 2017 to Mar 30, 2018
    • Corporate clients · unset to 29.0
      Jul 7, 2017 to Mar 30, 2018
    • HNW clients · unset to 980.0
      Jul 7, 2017 to Mar 30, 2018
    • Individual clients · unset to 118.0
      Jul 7, 2017 to Mar 30, 2018
    • Pension plan clients · unset to 29.0
      Jul 7, 2017 to Mar 30, 2018
    • Pooled vehicle clients · unset to 1.0
      Jul 7, 2017 to Mar 30, 2018
    • Assets in custody · $80.5M to $248M
      Jul 7, 2017 to Mar 30, 2018
    • Employees · 79 to 80
      Jul 7, 2017 to Mar 30, 2018
    • Financial planning clients · 26-50 to 51-100
      Jul 7, 2017 to Mar 30, 2018
    • State-registered IARs · 2 to 5
      Jul 7, 2017 to Mar 30, 2018
    • Other offices · unset to 1.0
      Jul 7, 2017 to Mar 30, 2018
    • Discretionary RAUM · $7.2B to $7.0B
      Jul 7, 2017 to Mar 30, 2018
    • HNW RAUM · unset to 1347548076.0
      Jul 7, 2017 to Mar 30, 2018
    • Individual RAUM · unset to 41905434.0
      Jul 7, 2017 to Mar 30, 2018
    • Pension RAUM · unset to 1643472260.0
      Jul 7, 2017 to Mar 30, 2018
    • Pooled vehicle RAUM · unset to 24725781.0
      Jul 7, 2017 to Mar 30, 2018
    • RAUM · $7.2B to $7.0B
      Jul 7, 2017 to Mar 30, 2018
    • Wrap assets (manager) · unset to 21659408.0
      Jul 7, 2017 to Mar 30, 2018
    • Wrap assets (sponsor) · unset to 0.0
      Jul 7, 2017 to Mar 30, 2018
    • Accounts · 1,102 to 1,183
      Feb 17, 2017 to Mar 31, 2017
    • Advisory employees · 45 to 39
      Feb 17, 2017 to Mar 31, 2017
    • BD registered reps · 21 to 18
      Feb 17, 2017 to Mar 31, 2017
    • Assets in custody · $104M to $80.5M
      Feb 17, 2017 to Mar 31, 2017
    • Employees · 86 to 79
      Feb 17, 2017 to Mar 31, 2017
    • Financial planning clients · 11-25 to 26-50
      Feb 17, 2017 to Mar 31, 2017
    • State-registered IARs · 4 to 2
      Feb 17, 2017 to Mar 31, 2017
    • Discretionary RAUM · $7.4B to $7.2B
      Feb 17, 2017 to Mar 31, 2017
    • Non-discretionary RAUM · $15.1M to $0
      Feb 17, 2017 to Mar 31, 2017
    • RAUM · $7.4B to $7.2B
      Feb 17, 2017 to Mar 31, 2017
    • Accounts · 1,072 to 1,102
      Jan 4, 2016 to Mar 30, 2016
    • Advisory employees · 47 to 45
      Jan 4, 2016 to Mar 30, 2016
    • Assets in custody · $140M to $104M
      Jan 4, 2016 to Mar 30, 2016
    • Employees · 89 to 86
      Jan 4, 2016 to Mar 30, 2016
    • Financial planning clients · 26-50 to 11-25
      Jan 4, 2016 to Mar 30, 2016
    • State-registered IARs · 8 to 4
      Jan 4, 2016 to Mar 30, 2016
    • Discretionary RAUM · $9.3B to $7.4B
      Jan 4, 2016 to Mar 30, 2016
    • Non-discretionary RAUM · $59.8M to $15.1M
      Jan 4, 2016 to Mar 30, 2016
    • RAUM · $9.4B to $7.4B
      Jan 4, 2016 to Mar 30, 2016
    Signals
    No event on the tape.
    Across DFX
    shared identifiers only, never a name match
    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
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026