DFX Intelligence

RIA Intelligence

The names on this page are hidden. Create a free account to reveal 5 records a month, or get RIA and Wealth Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.

SEC-registered adviser

S•• F•••• I••••• A••••••• I•• L••

Institutional managerMinneapolis, MinnesotaCRD 108271SEC 801-55201websiteIAPD
Latest filing Jun 22, 2026
First filing on the tape Mar 27, 2012 · 33 filings
SEC status approved since Jan 27, 1998
RAUM
$15B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
1.7%
$248M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
73
35 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
18
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$15B as of Jun 22, 2026
Mar 27, 2012$5.8B then
HNW client RAUM$248M as of Jun 22, 2026
Mar 29, 2018$212M then
State-registered IARs (5.B.3)0 as of Jun 22, 2026
Mar 27, 20120 then
Employees (5.A)73 as of Jun 22, 2026
Feb 7, 201372 then
Private funds18 as of Jun 22, 2026
Mar 27, 201215 then
RAUM n/a over the last fiscal year+8.1% a year over three
Practice profile
derived from the filing of Jun 22, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$16.6MderivedHNW RAUM over HNW clients
Average account
$94.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
84%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 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, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
Custody
$923M, 20 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Insurance companies$4.8B32%
  • Charitable organizations$4.2B28%
  • State and municipal entities$1.9B12%
  • Pension and profit-sharing plans$1.6B11%
  • Pooled investment vehicles$1.4B9.4%
  • Investment companies$588M3.9%
  • High-net-worth individuals$248M1.7%
  • Corporations and businesses$223M1.5%
Individual clients
n/areported
HNW clients
15reported
Pension plan clients
8reported
Charitable clients
31reported
Accounts
158reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$923M for 20 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.02 fund_share=0.13 institutional_share=0.84 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      23 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S•• A•••• I• B••• F•••• L•••Hedge Fund$556M4Mar 27, 2012
      S•• B••• P••••••••• L•••Hedge Fund$314M18Mar 27, 2012
      S•• T••••••• O••••••••• F•••• L••Other Private Fund$191M49Feb 21, 2014
      S•• R••••• I••••••• R••• F••• I•• L•••no longer reportedHedge Fund$92.3M3Feb 7, 2013
      S•• T•••• R••••• B••• F•••• L••Other Private Fund$65.8M16Aug 27, 2015
      S•• O••••••••• B••• F•••• L••Hedge Fund$64.1M34Mar 27, 2012
      S•• C••••• A•••• F•••• L••• • S••••• A•Hedge Fund$44.8M40Mar 27, 2012
      S•• A•••• I•• B••• F•••• L•••Hedge Fund$31.0M3Mar 27, 2012
      S•• C••••• A•••• F•••• L••• • S••••• E•Hedge Fund$26.3M2Mar 27, 2012
      S•• O••••••• C••••• A•••• F•••• S•• • S••••••••• P•••••••• C•Hedge Fund$23.3M2Aug 4, 2021
      S•• S•••• D••••••• G••••••••• F•••• L••Other Private Fund$21.3M3Mar 27, 2012
      S•• M•••••••• O••••••••• B••• F•••• L••Hedge Fund$15.3M9Mar 27, 2012
      S•• C••••• A•••• F•••• L••• • S••••• F•Hedge Fund$11.2M4Mar 27, 2012
      S•• O••••••• C••••• A•••• F•••• S•• • S••••••••• P•••••••• A•Hedge Fund$9.5M2Feb 7, 2013
      S•• M•••••••• M•••••••• B••• F•••• L••Other Private Fund$7.4M5Mar 27, 2012
      S•• C••••• A•••• F•••• L••• • S••••• C•Hedge Fund$6.6M1Mar 27, 2012
      S•• C••••• A•••• F•••• L••• • S••••• G•Hedge Fund$5.6M6Mar 27, 2012
      S•• C••••• A•••• F•••• L••• • S••••• D•no longer reportedHedge Fund$5.5M2Mar 27, 2012
      S•• E••••• R••••• P••• F•••• L••Hedge Fund$4.9M2Nov 18, 2019
      S•• C••••• A•••• F•••• L••• • S••••• H•Hedge Fund$3.0M1Aug 10, 2023
      S•• B••• F•••• L••no longer reportedOther Private Fund$1.7M2Mar 27, 2012
      S•• O••••••• C••••• A•••• F•••• S•• • S••••••••• P•••••••• B•Hedge Fund$1.6M2Feb 7, 2013
      S•• C••••• A•••• F•••• L••• • S••••• B•Hedge Fund$953,2201Mar 27, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • B•••• M•••• H• · Vice President And P•••••••• Managercontrol
        since 06/2002 · owns 5% to 10%
      • D•••• B••••• A••• · Senior Vice President, Senior P•••••••• Managercontrol
        since 06/2013 · owns 5% to 10%
      • J••••••••• P•••• J••••• · Vice President, Senior P•••••••• Managercontrol
        since 12/2015 · owns 5% to 10%
      • S••• R••••• J• · Chairman And Ceocontrol
        since 07/2008 · owns less than 5%
      • R••••••••• P•••• E••••• · Vice President, Secretary, Chief Compliance Officer
        since 12/1997 · owns less than 5%
      Entity owners
      • S•• I••••••••• A••••••••• I•• · Unit Holder
        direct · owns 50% to 75%
      • G••• V• S•• F••••• T•••• · Shareholder
        indirect · owns 25% to 50% of S•• I••••••••• A••••••••• I••.
      Related persons
      Schedule D 7.A
      Advisers that list S•• F•••• I••••• A••••••• I•• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 157 to 158
        May 1, 2025 to Mar 20, 2026
      • Advisory employees · 36 to 35
        May 1, 2025 to Mar 20, 2026
      • Corporate clients · 6 to 7
        May 1, 2025 to Mar 20, 2026
      • HNW clients · 17 to 15
        May 1, 2025 to Mar 20, 2026
      • Pooled vehicle clients · 27 to 24
        May 1, 2025 to Mar 20, 2026
      • Assets in custody · $1.0B to $923M
        May 1, 2025 to Mar 20, 2026
      • Private funds · 20 to 18
        May 1, 2025 to Mar 20, 2026
      • Discretionary RAUM · $13B to $15B
        May 1, 2025 to Mar 20, 2026
      • HNW RAUM · $223M to $248M
        May 1, 2025 to Mar 20, 2026
      • Non-discretionary RAUM · $127M to $139M
        May 1, 2025 to Mar 20, 2026
      • Pension RAUM · $1.4B to $1.6B
        May 1, 2025 to Mar 20, 2026
      • Pooled vehicle RAUM · $1.5B to $1.4B
        May 1, 2025 to Mar 20, 2026
      • RAUM · $13B to $15B
        May 1, 2025 to Mar 20, 2026
      • Accounts · 168 to 157
        Mar 28, 2024 to May 1, 2025
      • Charity clients · 30 to 31
        Mar 28, 2024 to May 1, 2025
      • HNW clients · 20 to 17
        Mar 28, 2024 to May 1, 2025
      • Pension plan clients · 7 to 8
        Mar 28, 2024 to May 1, 2025
      • Assets in custody · $1.4B to $1.0B
        Mar 28, 2024 to May 1, 2025
      • Employees · 72 to 73
        Mar 28, 2024 to May 1, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to May 1, 2025
      • Discretionary RAUM · $12B to $13B
        Mar 28, 2024 to May 1, 2025
      • HNW RAUM · $213M to $223M
        Mar 28, 2024 to May 1, 2025
      • Non-discretionary RAUM · $122M to $127M
        Mar 28, 2024 to May 1, 2025
      • Pension RAUM · $1.2B to $1.4B
        Mar 28, 2024 to May 1, 2025
      • Pooled vehicle RAUM · $1.9B to $1.5B
        Mar 28, 2024 to May 1, 2025
      • RAUM · $12B to $13B
        Mar 28, 2024 to May 1, 2025
      • Discretionary RAUM · $12B to $12B
        Aug 10, 2023 to Mar 28, 2024
      • HNW RAUM · $228M to $213M
        Aug 10, 2023 to Mar 28, 2024
      • Non-discretionary RAUM · $117M to $122M
        Aug 10, 2023 to Mar 28, 2024
      • Pension RAUM · $893M to $1.2B
        Aug 10, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $2.3B to $1.9B
        Aug 10, 2023 to Mar 28, 2024
      • RAUM · $12B to $12B
        Aug 10, 2023 to Mar 28, 2024
      • Accounts · 170 to 168
        Aug 10, 2023 to Mar 28, 2024
      • Advisory employees · 34 to 36
        Aug 10, 2023 to Mar 28, 2024
      • Charity clients · 28 to 30
        Aug 10, 2023 to Mar 28, 2024
      • Corporate clients · 9 to 6
        Aug 10, 2023 to Mar 28, 2024
      • HNW clients · 25 to 20
        Aug 10, 2023 to Mar 28, 2024
      • Pension plan clients · 6 to 7
        Aug 10, 2023 to Mar 28, 2024
      • Pooled vehicle clients · 25 to 27
        Aug 10, 2023 to Mar 28, 2024
      • Assets in custody · $1.8B to $1.4B
        Aug 10, 2023 to Mar 28, 2024
      Signals
      1 dated events
      • H Mark Book (Vice President And Portfolio Manager) appeared on Schedule A of S•• F•••• I••••• A••••••• I•• L••
        Mar 27, 2020 · 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
      Website
      w••.s••••••••.comreportedpublic record, Form ADV, Sep 21, 2026
      Principal office phone
      612-332-3223reportedpublic record, Form ADV, Jun 22, 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
      Institutional managerderiveda 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