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
S••••••• I••••••••• A•••••••• I•••
Latest filing Mar 23, 2026
First filing on the tape Mar 28, 2012 · 25 filings
SEC status approved since Nov 9, 1999
RAUM
$1.1B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
46%
$485M individuals and HNW
Advisors
23
registered through the firm on IAPD
RAUM per advisor
$46.3M
derived; firm RAUM over IAPD count
Employees
27
20 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$1.1B as of Mar 23, 2026
Mar 28, 2012$36.2M then
HNW client RAUM$404M as of Mar 23, 2026
Mar 28, 2018$86.8M then
State-registered IARs (5.B.3)20 as of Mar 23, 2026
Mar 14, 201311 then
Employees (5.A)27 as of Mar 23, 2026
Mar 14, 201314 then
Private funds: no history
RAUM +25% over the last fiscal year+22% a year over threeIARs 18 to 20
Practice profile
derived from the filing of Mar 23, 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
- ocio institutional a••••••y · selection of other advisers (5.G.7) and institutional share at least 50 percent
- 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
- RAUM per advisor
- $46.3MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 18derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.9MderivedHNW RAUM over HNW clients
- Average account
- $976,662derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 53%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 23.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +25%derivedbetween the last two annual amendments
- Advisor growth, one year
- +11%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +2.0%derived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisers, otherreportedItem 5.G
- Custody
- $419M, 388 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)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$568M53%
- High-net-worth individuals$404M38%
- Individuals$80.0M7.5%
- Corporations and businesses$12.3M1.2%
- Individual clients
- 198reported
- HNW clients
- 209reported
- Pension plan clients
- 44reported
- Charitable clients
- 0reported
- Accounts
- 1,090reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- $419M for 388 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.46 fund_share=0.0 institutional_share=0.53 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
23 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| J•••• F•••••• M••••••• | Mequon, Wi | Dec 13, 1999 | 42 y | 0 |
| M••••• N•• R••••• | Mequon, Wi | Nov 28, 2005 | 29 y | 1 |
| B•••• E••••• W••••Certified Financial Planner | Mequon, Wi | Jan 8, 2008 | 26 y | 2 |
| M•••••• W•••••• M••••••• | Mequon, Wi | Nov 28, 2012 | 14 y | 0 |
| M•••••• P••• D•••• | Mequon, Wi | Jul 1, 2013 | 13 y | 0 |
| S•••• A••• S••••••• | Mequon, Wi | Dec 8, 2014 | 12 y | 0 |
| L•••• J••• K•••• S•••••• | Mequon, Wi | Jun 22, 2015 | 11 y | 0 |
| J••••••• J•••• M••••••• | Mequon, Wi | Apr 12, 2016 | 23 y | 0 |
| R••• T• S••••••••• | Mequon, Wi | Jan 18, 2017 | 14 y | 0 |
| E•••••••• T•••• W••••• | Mequon, Wi | Feb 28, 2018 | 35 y | 0 |
| P••• K•••••• M•••••Certified Financial Planner | Mequon, Wi | Apr 1, 2019 | 29 y | 0 |
| D••••• L•• D••••••• | Mequon, Wi | Jun 18, 2020 | 12 y | 1 |
| E•••• E• Z•••••••• | Mequon, Wi | Jan 27, 2022 | 14 y | 4 |
| J••••••• F•••••• J•••• | Mequon, Wi | Jun 4, 2022 | 10 y | 0 |
| B••••• T• D•••••Chartered Financial Analyst | Mequon, Wi | Apr 24, 2024 | 13 y | 2 |
| M••••• L• M•••• | Mequon, Wi | Nov 22, 2024 | 22 y | 0 |
| S•••••• M•••• W••••• | Mequon, Wi | Jan 22, 2025 | 25 y | 0 |
| M••••• D• R••••• | Mequon, Wi | Mar 25, 2025 | 14 y | 0 |
| J••• M•••• S•••• | Mequon, Wi | May 19, 2025 | 17 y | 0 |
| J•••••• J•••• W•••••• | Mequon, Wi | Oct 23, 2025 | 25 y | 0 |
| F•••• C•••••• W•••• | Mequon, Wi | Apr 27, 2026 | 21 y | 0 |
| T••••• C•••••• S••••••••• | Mequon, Wi | Jul 26, 2026 | 21 y | 5 |
| K•••••• C•••••• | Mequon, Wi | Aug 26, 2026 | 15 y | 0 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
- M•• C••••• F••••••• to I••••••••• A•••••• A•••••••• L••Aug 25, 2025 · Other
- Y••••• V• R••• T••••• to M••••• S••••••Jul 18, 2022 · RIA to wirehouse
- M•••••• C•••••• B•••••••• to P•••••••• S••••••••• I•••Jun 4, 2019 · RIA to affiliated broker-dealer or bank
Joined, latest
- T••••• C•••••• S••••••••• from V••• R••••••••• A•••••••• L••Jul 26, 2026 · Other
- B••••• T• D••••• from A•••• W••••• M••••••••• L••Apr 24, 2024 · RIA to RIA
- M•• C••••• F••••••• from C•••••• S••••• • C••• I•••Mar 7, 2024 · Affiliated broker-dealer or bank to independent RIA
- E•••• E• Z•••••••• from T••••••••• R••••••••• A•••••••• L••Jan 27, 2022 · Affiliated broker-dealer or bank to independent RIA
- D••••• L•• D••••••• from E•••••Jun 18, 2020 · Other
- M•••••• C•••••• B•••••••• from E•••••• A••••••• G••••• L••Dec 18, 2017 · Other
- B•••• E••••• W•••• from T• A••••••••• I••••••••• M••••••••• L••Jan 8, 2008 · Other
- M••••• N•• R••••• from P•••••••• S••••••••• I•••Nov 28, 2005 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- M•••••••• J••••• F•••••• · Chairman, Founder And Partnercontrolsince 06/2019 · owns 10% to 25%
- M•••••••• J•••••••• J•••• · Executive Vice President, Chief Compliance Officer, Chief Investment Officer And Directorcontrolsince 01/2011 · owns 50% to 75%
- R•••••• M•••••• N•• · President And Partnercontrolsince 06/2019 · owns 5% to 10%
- D••••• M••••••• P••• · Sr. Vice President Business Development And Partnersince 06/2019 · owns 5% to 10%
- W••••• B••••• E••••• · Wealth Manager And Partnersince 11/2007 · owns less than 5%
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 | 23 | 4 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,026 to 1,090Mar 27, 2025 to Mar 23, 2026
- Advisory employees · 18 to 20Mar 27, 2025 to Mar 23, 2026
- HNW clients · 230 to 209Mar 27, 2025 to Mar 23, 2026
- Individual clients · 169 to 198Mar 27, 2025 to Mar 23, 2026
- Pension plan clients · 40 to 44Mar 27, 2025 to Mar 23, 2026
- Assets in custody · $253M to $419MMar 27, 2025 to Mar 23, 2026
- Employees · 24 to 27Mar 27, 2025 to Mar 23, 2026
- Financial planning clients · 11-25 to 26-50Mar 27, 2025 to Mar 23, 2026
- State-registered IARs · 18 to 20Mar 27, 2025 to Mar 23, 2026
- Discretionary RAUM · $842M to $1.1BMar 27, 2025 to Mar 23, 2026
- HNW RAUM · $345M to $404MMar 27, 2025 to Mar 23, 2026
- Individual RAUM · $54.5M to $80.0MMar 27, 2025 to Mar 23, 2026
- Non-discretionary RAUM · $7.2M to $8.8MMar 27, 2025 to Mar 23, 2026
- Pension RAUM · $438M to $568MMar 27, 2025 to Mar 23, 2026
- RAUM · $850M to $1.1BMar 27, 2025 to Mar 23, 2026
- Accounts · 986 to 1,026Mar 22, 2024 to Mar 27, 2025
- Advisory employees · 17 to 18Mar 22, 2024 to Mar 27, 2025
- Corporate clients · 13 to 14Mar 22, 2024 to Mar 27, 2025
- HNW clients · 210 to 230Mar 22, 2024 to Mar 27, 2025
- Individual clients · 159 to 169Mar 22, 2024 to Mar 27, 2025
- Pension plan clients · 33 to 40Mar 22, 2024 to Mar 27, 2025
- Assets in custody · $237M to $253MMar 22, 2024 to Mar 27, 2025
- Employees · 22 to 24Mar 22, 2024 to Mar 27, 2025
- Financial planning clients · 1-10 to 11-25Mar 22, 2024 to Mar 27, 2025
- State-registered IARs · 17 to 18Mar 22, 2024 to Mar 27, 2025
- Discretionary RAUM · $719M to $842MMar 22, 2024 to Mar 27, 2025
- HNW RAUM · $304M to $345MMar 22, 2024 to Mar 27, 2025
- Individual RAUM · $40.9M to $54.5MMar 22, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $5.4M to $7.2MMar 22, 2024 to Mar 27, 2025
- Pension RAUM · $369M to $438MMar 22, 2024 to Mar 27, 2025
- RAUM · $725M to $850MMar 22, 2024 to Mar 27, 2025
- Accounts · 874 to 986Sep 5, 2023 to Mar 22, 2024
- Corporate clients · 11 to 13Sep 5, 2023 to Mar 22, 2024
- HNW clients · 155 to 210Sep 5, 2023 to Mar 22, 2024
- Individual clients · 196 to 159Sep 5, 2023 to Mar 22, 2024
- Pension plan clients · 27 to 33Sep 5, 2023 to Mar 22, 2024
- Assets in custody · $263M to $237MSep 5, 2023 to Mar 22, 2024
- Discretionary RAUM · $586M to $719MSep 5, 2023 to Mar 22, 2024
- HNW RAUM · $202M to $304MSep 5, 2023 to Mar 22, 2024
- Individual RAUM · $61.8M to $40.9MSep 5, 2023 to Mar 22, 2024
Signals
5 dated events
- S••••••• I••••••••• A•••••••• I••• reported RAUM $1.1B, up 25% from $849.7M (2025-03-27 to 2026-03-23)Mar 23, 2026 · RAUM change · derived
- M•• C••••• F••••••• left S••••••• I••••••••• A•••••••• I••• for I••••••••• A•••••• A•••••••• L•• (registered 2025-08-21)Aug 25, 2025 · a•••••• firm change · fact
- Y••••• V• R••• T••••• left S••••••• I••••••••• A•••••••• I••• for M••••• S•••••• (registered 2022-07-25)Jul 18, 2022 · a•••••• firm change · fact
- S••••••• I••••••••• A•••••••• I••• reported RAUM $667.5M, up 45% from $461.2M (2021-03-25 to 2022-03-28)Mar 28, 2022 · RAUM change · derived
- S••••••• I••••••••• A•••••••• I••• reported RAUM $268.8M, up 63% from $165.0M (2018-03-28 to 2019-03-26)Mar 26, 2019 · 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 email
- sia@spectruminvestor.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 800-242-4735reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- S•••••••INVESTOR.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 262-238-4010reportedpublic record, Form ADV, Mar 23, 2026
- Contact form
- spectruminvestor.com/contactreportedpublished by the firm, firm site, Sep 16, 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
- $46.3Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026