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
Intellicents Investment Solutions Inc
Latest filing Jun 1, 2026
First filing on the tape Apr 20, 2012 · 71 filings
SEC status approved since Feb 29, 1996
RAUM
$9.9B
reported, Item 5.F
Discretionary
70%
of RAUM
Private clients
23%
$2.3B individuals and HNW
Advisors
60
registered through the firm on IAPD
RAUM per advisor
$165M
derived; firm RAUM over IAPD count
Employees
80
48 advisory (5.B.1)
Offices
13
beyond the principal office
Private funds
0
reported on Schedule D
History
71 filings and snapshots on the tape
RAUM$9.9B as of Jun 1, 2026
May 30, 2012$1.6B then
HNW client RAUM$1.3B as of Jun 1, 2026
Mar 29, 2018$13.5M then
State-registered IARs (5.B.3)51 as of Jun 1, 2026
May 9, 20130 then
Employees (5.A)80 as of Jun 1, 2026
May 9, 201313 then
Private funds: no history
RAUM +35% over the last fiscal year+25% a year over threeIARs 49 to 51offices 9 to 13
Practice profile
derived from the filing of Jun 1, 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
- Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $165MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 130derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.8MderivedHNW RAUM over HNW clients
- Average account
- $1.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 70%derivedof RAUM
- Institutional
- 77%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 4.3derived14 offices incl. principal (1.F.5)
- RAUM growth, one year
- +35%derivedbetween the last two annual amendments
- Advisor growth, one year
- +4.1%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +36%derived
- Compensation
- percentage of assets, hourly, fixed fees, commissionsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, publications, educational seminarsreportedItem 5.G
- Financial planning clients
- 2,000reportedItem 5.H
- Wrap fee program
- $301MreportedItem 5.I
- Custody
- $31.0M, 64 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Firms absorbed, 24 months
- 1derivedhalf or more of a firm's advisors moved here within 14 days
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- 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)
- 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
- Pension and profit-sharing plans$7.6B77%
- High-net-worth individuals$1.3B13%
- Individuals$989M10.0%
- Individual clients
- 7,018reported
- HNW clients
- 758reported
- Pension plan clients
- 504reported
- Charitable clients
- n/areported
- Accounts
- 8,280reported
- Financial planning clients
- 2,000reported
- Wrap fee programs
- $301M sponsored, $0 managedreported
- Custody of client assets
- $31.0M for 64 clientsreported
- Compensation
- % of AUM, fixed, hourly, commissionsreported
- Class basis
- private_client_share=0.23 fund_share=0.0 institutional_share=0.77 related_bd=false related_bank=false bd_reps=14.0derived
Advisors registered through the firm
60 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Grant Stephen Arends | Albert Lea, Mn | Feb 4, 2000 | 36 y | 0 |
| Brian Bertron Westemeyer | Albert Lea, Mn | Jan 9, 2002 | 40 y | 1 |
| Lynn Allen Kermes | Albert Lea, Mn | Sep 22, 2014 | 20 y | 0 |
| Kevin Earl Dulitz | Albert Lea, Mn | Sep 22, 2014 | 34 y | 0 |
| Nicholas Edward Austin | Albert Lea, Mn | Sep 22, 2014 | 16 y | 0 |
| David John BusselmanCertified Financial Planner | Albert Lea, Mn | Aug 16, 2016 | 21 y | 2 |
| Amanda Dawn Scott | Overland Park, Ks | Jan 27, 2017 | 19 y | 0 |
| Samuel Joel MathesonCertified Financial Planner | Albert Lea, Mn | Jun 23, 2017 | 11 y | 1 |
| Nicholas Robert MadlCertified Financial Planner | Albert Lea, Mn | Feb 27, 2018 | 15 y | 0 |
| Scott Christopher WightmanChartered Financial Analyst | Albert Lea, Mn | Mar 16, 2018 | 12 y | 0 |
| David Keith Arndt | Albert Lea, Mn | Apr 4, 2018 | 34 y | 1 |
| David Mark Iverson | Albert Lea, Mn | Apr 4, 2018 | 38 y | 2 |
| Joel E TwedtChartered Financial Consultant | Albert Lea, Mn | Apr 4, 2018 | 46 y | 2 |
| Matthew Joel TwedtCertified Financial Planner | Lake Mills, Ia | Apr 5, 2018 | 19 y | 1 |
| Brandon Thomas Budd | Albert Lea, Mn | May 8, 2018 | 15 y | 1 |
| Petros Panayotis Koumantaros | Tacoma, Wa | Jun 4, 2018 | 20 y | 0 |
| Devin Larry ReimerCertified Financial Planner | Pella, Ia | Jun 18, 2018 | 20 y | 3 |
| Lindsay Renae StoutCertified Financial Planner | Pella, Ia | Aug 7, 2018 | 11 y | 0 |
| Elizabeth A FugenschuhCertified Financial Planner | Albert Lea, Mn | Feb 13, 2019 | 18 y | 1 |
| Jeffrey Matthew Belton | Southlake, Tx | Mar 20, 2019 | 21 y | 1 |
| Nicholas Ian Holmes | Albert Lea, Mn | Jul 17, 2019 | 18 y | 1 |
| Jared Douglas Goforth | Albert Lea, Mn | Feb 18, 2020 | 12 y | 0 |
| Joseph Robert Eichmann | Albert Lea, Mn | Apr 20, 2021 | 11 y | 2 |
| Thomas Arthur KrusicCertified Financial Planner | Golden, Co | May 3, 2021 | 11 y | 3 |
| Cathy Ann ReinhardtCertified Financial Planner | Albert Lea, Mn | Aug 2, 2021 | 43 y | 2 |
| Molly Diane Magnuson | Overland Park, Ks | Jan 25, 2022 | 10 y | 1 |
| Matthew Louis Stay | Albert Lea, Mn | Jan 28, 2022 | 10 y | 0 |
| Daniel Allen HammCertified Financial Planner | Lawrence, Ks | May 4, 2022 | 12 y | 3 |
| Megan Elizabeth Holland | Pella, Ia | Jul 11, 2022 | 15 y | 0 |
| Jonathan PerrinCertified Financial Planner | Overland Park, Ks | Nov 28, 2022 | 11 y | 2 |
| Robin Kay Vink | Albert Lea, Mn | Jun 6, 2023 | 34 y | 0 |
| Kyle Joseph Nelson | Albert Lea, Mn | Jul 18, 2023 | 10 y | 2 |
| Kevin Eugene Mahoney | Austin, Tx | Aug 17, 2023 | 33 y | 3 |
| Kevin Daniel AtnipCertified Financial Planner | Albert Lea, Mn | Aug 25, 2023 | 12 y | 1 |
| Amanda Marie Smith | Albert Lea, Mn | Oct 30, 2023 | 12 y | 0 |
| Brian Thomas Paulsen | Albert Lea, Mn | Jan 2, 2024 | 12 y | 2 |
| Kenneth Eugene Burkhead | Albert Lea, Mn | Jan 2, 2024 | 11 y | 1 |
| Bryan Allen SarffCertified Financial Planner | Albert Lea, Mn | Jan 2, 2024 | 22 y | 5 |
| Misael Neftali Herrera Granados | Albert Lea, Mn | Jan 2, 2024 | 10 y | 1 |
| Connie Suzanne Mccleary-Geiger | Pella, Ia | Nov 25, 2024 | 11 y | 0 |
Advisor movement
1 left, 11 joined in 12 months
net +10 in 12 months0 left in 90 days2 joined in 90 daysdeparture rate 1.7% of current headcount4 left over 36 months
Left, latest
- Grant David Cetola to Creative PlanningApr 15, 2026 · RIA to RIA
- Claire Elizabeth Vallejo to Commonwealth Financial NetworkApr 14, 2025 · Other
- Charles Michael Pastor to Mercer Global Advisors Inc.Sep 23, 2024 · Other
- Brian J Forneris to Marcum Wealth, LLCSep 20, 2023 · Other
- Justin Martin James to Cambridge Investment Research Advisors, Inc.Aug 6, 2021 · Other
- Kyle Joseph Nelson to Bergankdv Wealth Management, LLCDec 14, 2020 · Other
- Kara Michelle Walters to Empower Advisory Group, LLCMay 19, 2020 · Other
- Brian Michael Hensley to Cetera Advisors LLCJan 7, 2020 · Other
- Michelle Sedlacek to Waddell & ReedMay 6, 2019 · Other
Joined, latest
- James Mathew Schaeve from Annex Wealth Management, LLCAug 31, 2026 · RIA to RIA
- Angelina Hope Schuman from Aspyre Wealth PartnersAug 11, 2026 · RIA to RIA
- Matthew Reed Walter from Global Retirement Partners LLCJun 1, 2026 · Other
- Tyler Edward Schultz from Global Retirement Partners LLCJun 1, 2026 · Other
- Craig Stephen Korol from LPL Financial LLCJun 1, 2026 · Affiliated broker-dealer or bank to independent RIA
- Jacob Thomas Olson from LPL Financial LLCMay 15, 2026 · Affiliated broker-dealer or bank to independent RIA
- Alexander Throne Jantsch from Arvest Wealth ManagementApr 13, 2026 · RIA to RIA
- Paul Shaughnessy Duggan from Trg Advisors, Inc.Mar 23, 2026 · Other
- Jonathan Richard Duggan from Trg Advisors, Inc.Feb 20, 2026 · Other
- Peter Christopher Duggan from Trg Advisors, Inc.Jan 7, 2026 · Other
- Robert Paul Mastel from Rpm Advisors, LLCOct 22, 2025 · Other
- Christopher James Whittaker from Voya Retirement Advisors, LLCMay 6, 2025 · Other
- Grant David Cetola from Creative PlanningMar 14, 2025 · Other
- Tolen Clement Teigen from Findec Wealth Services, Inc.Dec 4, 2024 · Other
- Bryan Allen Sarff from True Wealth & CompanyJan 2, 2024 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Global Retirement Partners LLCJun 1, 2026 · San Rafael, Ca
- 3 joined from Trg Advisors, Inc.Mar 11, 2026 · Lakewood Ranch, Fl · Firm absorbed
- 4 joined from True Wealth & CompanyMar 29, 2024 · Overland Park, Ks · Firm absorbed
- 4 joined from Securian Financial Services, Inc.Apr 3, 2018 · Lake Mills, Ia
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Kent Bradley Arends · President & Ceocontrolsince 05/1995 · owns 25% to 50%
- Stephen Grant Arends · Coocontrolsince 05/1995 · owns 25% to 50%
- Thomas Brandon Budd · President Of Retirement Servicescontrolsince 01/2024 · owns less than 5%
- Robert Nicholas Madl · Vice President Of Personal Finance Managementcontrolsince 01/2022 · owns less than 5%
- Ray Thomas Singsank · Cfocontrolsince 08/2010 · owns less than 5%
- Joel Matthew Twedt · President Of Personal Financial Managmentcontrolsince 01/2020 · owns less than 5%
- Thomas Brandon Budd · Ownercontrolsince 01/2024 · owns 75% or more of Iisbudd, LLC
- Robert Nicholas Madl · Ownercontrolsince 01/2024 · owns 75% or more of Iismadl, LLC
- Joel Matthew Twedt · Ownercontrolsince 01/2020 · owns 75% or more of Iistfs, LLC
- Earl Kevin Dulitz · Vice President Of Employee Benefitssince 12/2016 · owns less than 5%
- Ian Nicholas Holmes · Chief Compliance Officersince 07/2019 · owns less than 5%
- Dawn Amanda Scott · Vice President Of Operationssince 01/2022 · owns less than 5%
Entity owners
- Iisbudd, LLC · Direct Ownerdirect · owns 5% to 10%
- Iismadl, LLC · Direct Ownerdirect · owns 5% to 10%
- Iistfs, LLC · Direct Ownerdirect · owns 10% to 25%
Related persons
Schedule D 7.A
- Intellicents Evergreen, LLCreal estaten
- Intellicents Increal estaten
- Intellicents Lone Star, LLCreal estaten
- Intellicents Of Pella, LLCreal estaten
- Intellicents Twc, LLCreal estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Albert Lea, Mn · principal | 60 | 17 | 0 | ||
| Overland Park, Ks | 15 | 2 | 0 | ||
| Pella, Ia | 6 | 1 | 0 | ||
| Lake Mills, Ia | 5 | 0 | 0 | ||
| Golden, Co | 4 | 0 | 0 | ||
| Lawrence, Ks | 4 | 2 | 1 | ||
| Wichita, Ks | 3 | 3 | 0 | ||
| Southlake, Tx | 2 | 0 | 0 | ||
| Stockton, Ca | 2 | 1 | 0 | ||
| Amherst, Oh | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Overland Park, KS7 employees
- Golden, CO4 employees
- Pella, IA4 employees
- Eden Prairie, MN3 employees
- Lawrence, KS3 employees
- Lake Mills, IA2 employees
- Southlake, TX2 employees
- Tacoma, WA1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- high institutional concentrationStatic outlier · filing Jun 1, 2026institutional share of RAUM of 77% against a peer median of 4% (289 comparable advisers, 100.0th percentile, 14.3 robust deviations)peers: independent wealth managers, $5B to $20B (289) · 100% percentile
What changed
consecutive filings, newest first
- Other offices · 12 to 13Mar 30, 2026 to Jun 1, 2026
- Accounts · 6,103 to 8,280Feb 9, 2026 to Mar 30, 2026
- Advisory employees · 46 to 48Feb 9, 2026 to Mar 30, 2026
- BD registered reps · 13 to 14Feb 9, 2026 to Mar 30, 2026
- HNW clients · 2,614 to 758Feb 9, 2026 to Mar 30, 2026
- Individual clients · 3,090 to 7,018Feb 9, 2026 to Mar 30, 2026
- Pension plan clients · 389 to 504Feb 9, 2026 to Mar 30, 2026
- Assets in custody · $49.0M to $31.0MFeb 9, 2026 to Mar 30, 2026
- Employees · 67 to 80Feb 9, 2026 to Mar 30, 2026
- State-registered IARs · 49 to 51Feb 9, 2026 to Mar 30, 2026
- Other offices · 10 to 12Feb 9, 2026 to Mar 30, 2026
- Discretionary RAUM · $4.3B to $6.9BFeb 9, 2026 to Mar 30, 2026
- HNW RAUM · $1.1B to $1.3BFeb 9, 2026 to Mar 30, 2026
- Individual RAUM · $315M to $989MFeb 9, 2026 to Mar 30, 2026
- Non-discretionary RAUM · $3.1B to $3.0BFeb 9, 2026 to Mar 30, 2026
- Pension RAUM · $6.0B to $7.6BFeb 9, 2026 to Mar 30, 2026
- RAUM · $7.4B to $9.9BFeb 9, 2026 to Mar 30, 2026
- Related adviser · true to falseFeb 9, 2026 to Mar 30, 2026
- Wrap assets (sponsor) · $235M to $301MFeb 9, 2026 to Mar 30, 2026
- Other offices · 11 to 10Oct 24, 2025 to Jan 27, 2026
- Other offices · 10 to 11Aug 19, 2025 to Oct 24, 2025
- Related adviser · false to trueAug 19, 2025 to Oct 24, 2025
- Financial planning clients · More than 500 to More than 500Mar 31, 2025 to May 8, 2025
- Other offices · 9 to 10Mar 31, 2025 to May 8, 2025
- Accounts · 4,381 to 6,103Feb 3, 2025 to Mar 31, 2025
- Advisory employees · 36 to 46Feb 3, 2025 to Mar 31, 2025
- BD registered reps · 11 to 13Feb 3, 2025 to Mar 31, 2025
- HNW clients · 1,762 to 2,614Feb 3, 2025 to Mar 31, 2025
- Individual clients · 2,225 to 3,090Feb 3, 2025 to Mar 31, 2025
- Pension plan clients · 394 to 389Feb 3, 2025 to Mar 31, 2025
- Assets in custody · $14.4M to $49.0MFeb 3, 2025 to Mar 31, 2025
- Employees · 64 to 67Feb 3, 2025 to Mar 31, 2025
- State-registered IARs · 42 to 49Feb 3, 2025 to Mar 31, 2025
- Discretionary RAUM · $3.7B to $4.3BFeb 3, 2025 to Mar 31, 2025
- HNW RAUM · $628M to $1.1BFeb 3, 2025 to Mar 31, 2025
- Individual RAUM · $216M to $315MFeb 3, 2025 to Mar 31, 2025
- Non-discretionary RAUM · $2.3B to $3.1BFeb 3, 2025 to Mar 31, 2025
- Pension RAUM · $5.2B to $6.0BFeb 3, 2025 to Mar 31, 2025
- RAUM · $6.0B to $7.4BFeb 3, 2025 to Mar 31, 2025
- Wrap assets (sponsor) · $160M to $235MFeb 3, 2025 to Mar 31, 2025
Signals
12 dated events
- 2 advisors left Global Retirement Partners LLC (San Rafael, CA) for Intellicents Investment Solutions Inc within 3 daysJun 1, 2026 · Team lift-out · derived
- Grant David Cetola left Intellicents Investment Solutions Inc for Creative Planning (registered 2026-04-20)Apr 15, 2026 · Advisor changed firm · fact
- Intellicents Investment Solutions Inc reported RAUM $9.9B, up 35% from $7.4B (2026-02-09 to 2026-03-30)Mar 30, 2026 · RAUM change · derived
- Trg Advisors, Inc.'s advisors moved to Intellicents Investment Solutions Inc (Lakewood Ranch, FL): 3 of 3 registered, on the same dayMar 11, 2026 · Firm absorbed (people side) · derived
- Claire Elizabeth Vallejo left Intellicents Investment Solutions Inc for Commonwealth Financial Network (registered 2025-06-13)Apr 14, 2025 · Advisor changed firm · fact
- Charles Michael Pastor left Intellicents Investment Solutions Inc for Mercer Global Advisors Inc. (registered 2026-01-07)Sep 23, 2024 · Advisor changed firm · fact
- Thomas Brandon Budd (President Of Retirement Services) appeared on Schedule A of Intellicents Investment Solutions IncMar 29, 2024 · Control person joined · fact
- True Wealth & Company's advisors moved to Intellicents Investment Solutions Inc (Overland Park, KS): 4 of 4 registered, on the same dayMar 29, 2024 · Firm absorbed (people side) · derived
- Brian J Forneris left Intellicents Investment Solutions Inc for Marcum Wealth, Llc (registered 2023-10-26)Sep 20, 2023 · Advisor changed firm · fact
- Robert Nicholas Madl (Vice President Of Personal Finance Management) appeared on Schedule A of Intellicents Investment Solutions IncMar 21, 2023 · Control person joined · fact
- Joel Matthew Twedt (Owner) appeared on Schedule A of Intellicents Investment Solutions IncFeb 25, 2021 · Control person joined · fact
- Intellicents Investment Solutions Inc reported 22 state-registered advisory representatives, up from 12 (2019-03-18 to 2019-03-29)Mar 29, 2019 · Advisor headcount 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
- Firm profile
- linkedin.com/company/intellicentsreportedpublic record, Form ADV, Sep 17, 2026
- Firm profile
- linkedin.com/company/intellicentspersonalcforeportedpublic record, Form ADV, Sep 17, 2026
- Website
- intellicents.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 507-377-2919reportedpublic record, Form ADV, Jun 1, 2026
- Contact form
- intellicents.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- intellicents.com/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
- $165Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026