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
Schultz Financial Group Incorporated
Latest filing Jun 16, 2026
First filing on the tape Nov 11, 2011 · 40 filings
SEC status approved since Jan 27, 1983
RAUM
$215M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
97%
$208M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$43.0M
derived; firm RAUM over IAPD count
Employees
4
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
40 filings and snapshots on the tape
RAUM$215M as of Jun 16, 2026
Mar 29, 2012$143M then
HNW client RAUM$179M as of Jun 16, 2026
Mar 23, 2018$183M then
State-registered IARs (5.B.3)4 as of Jun 16, 2026
Mar 29, 20120 then
Employees (5.A)4 as of Jun 16, 2026
Apr 3, 20137 then
Private funds1 as of Mar 29, 2016
Mar 29, 20121 then
RAUM +9.4% over the last fiscal year+6.4% a year over threeIARs 5 to 4offices 0 to 1
Practice profile
derived from the filing of Jun 16, 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
- $43.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 22derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.1MderivedHNW RAUM over HNW clients
- Average account
- $449,456derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 0.0%derivedof RAUM
- Institutional
- 1.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.8derivedItem 5.A over advisors
- Advisors per office
- 2.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +9.4%derivedbetween the last two annual amendments
- Advisor growth, one year
- -20%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -6.0%derived
- Compensation
- hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
- Custody
- $118M, 86 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)
- 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
- High-net-worth individuals$179M83%
- Individuals$28.3M13%
- Corporations and businesses$3.7M1.7%
- Pension and profit-sharing plans$3.5M1.7%
- Individual clients
- 53reported
- HNW clients
- 57reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 478reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $118M for 86 clientsreported
- Compensation
- fixed, hourlyreported
- Class basis
- private_client_share=0.97 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Vicki Paula SchultzCertified Financial Planner | Reno, Nv | Aug 27, 1993 | 43 y | 1 |
| Russell Corey SchultzCertified Financial Planner | Reno, Nv | May 3, 2011 | 33 y | 1 |
| Jennifer Leigh Specter | Reno, Nv | Jul 5, 2016 | 26 y | 0 |
| Alyssa Jane DalbeyCertified Financial Planner | Reno, Nv | Dec 14, 2017 | 19 y | 0 |
| Kayleigh Suzanne HornCertified Financial Planner | Reno, Nv | Jul 13, 2026 | 15 y | 1 |
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 headcount0 left over 36 months
Left, latest
- Dongjoon Lee to American Wealth ManagementAug 14, 2018 · RIA to RIA
- Peter Wade Lowden to Sierra Nevada Investment ManagementFeb 9, 2007 · Other
Joined, latest
- Kayleigh Suzanne Horn from Cambridge Investment Research Advisors, Inc.Jul 13, 2026 · Affiliated broker-dealer or bank to independent RIA
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Sierra Nevada Multi-Strategy Fund LLCno longer reported | Hedge Fund | $1.0M | 36 | Mar 29, 2012 |
Owners and control persons
Schedule A and B, latest filing
- Jane Alyssa Dalbey · Vice Presidentcontrolsince 12/2022 · owns 5% to 10%
- Corey Russell Schultz · Ceocontrolsince 11/1982 · owns less than 5%
- Paula Vicki Schultz · Executive Vice Presidentcontrolsince 05/1984 · owns less than 5%
- Leigh Jennifer Specter · Chief Compliance Officer, Chief Operations Officercontrolsince 08/2016 · owns 10% to 25%
- Corey Russell Schultz · Trusteecontrolsince 08/2005 · owns 50% to 75% of Schultz Family 2005 Trust
- Paula Vicki Schultz · Trusteecontrolsince 08/2005 · owns 50% to 75% of Schultz Family 2005 Trust
Entity owners
- Schultz Family 2005 Trust · Shareholderdirect · owns 75% or more
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 |
|---|---|---|---|---|---|
| Reno, Nv · principal | 5 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Midland, MI1 employees
- , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Jun 16, 2026discretionary share of RAUM of 0% against a peer median of 100% (5676 comparable advisers, 0.0th percentile, 33.7 robust deviations)peers: independent wealth managers, $100M to $500M (5,676) · 0.0% percentile
What changed
consecutive filings, newest first
- Other offices · 0 to 1Mar 30, 2026 to Jun 16, 2026
- Accounts · 468 to 478Mar 26, 2025 to Mar 30, 2026
- Advisory employees · 5 to 4Mar 26, 2025 to Mar 30, 2026
- Corporate clients · unset to 6.0Mar 26, 2025 to Mar 30, 2026
- HNW clients · 61 to 57Mar 26, 2025 to Mar 30, 2026
- Individual clients · 56 to 53Mar 26, 2025 to Mar 30, 2026
- Assets in custody · $111M to $118MMar 26, 2025 to Mar 30, 2026
- Employees · 5 to 4Mar 26, 2025 to Mar 30, 2026
- State-registered IARs · 5 to 4Mar 26, 2025 to Mar 30, 2026
- HNW RAUM · $162M to $179MMar 26, 2025 to Mar 30, 2026
- Individual RAUM · $28.7M to $28.3MMar 26, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $196M to $215MMar 26, 2025 to Mar 30, 2026
- Pension RAUM · $3.9M to $3.5MMar 26, 2025 to Mar 30, 2026
- RAUM · $196M to $215MMar 26, 2025 to Mar 30, 2026
- Accounts · 470 to 468Jul 3, 2024 to Mar 26, 2025
- HNW clients · 50 to 61Jul 3, 2024 to Mar 26, 2025
- Individual clients · 74 to 56Jul 3, 2024 to Mar 26, 2025
- Assets in custody · $102M to $111MJul 3, 2024 to Mar 26, 2025
- Employees · 6 to 5Jul 3, 2024 to Mar 26, 2025
- Financial planning clients · 51-100 to 51-100Jul 3, 2024 to Mar 26, 2025
- State-registered IARs · 6 to 5Jul 3, 2024 to Mar 26, 2025
- Other offices · 2 to 0Jul 3, 2024 to Mar 26, 2025
- HNW RAUM · $164M to $162MJul 3, 2024 to Mar 26, 2025
- Individual RAUM · $26.7M to $28.7MJul 3, 2024 to Mar 26, 2025
- Non-discretionary RAUM · $194M to $196MJul 3, 2024 to Mar 26, 2025
- Pension RAUM · $1.5M to $3.9MJul 3, 2024 to Mar 26, 2025
- RAUM · $194M to $196MJul 3, 2024 to Mar 26, 2025
- Accounts · 424 to 470Nov 1, 2023 to Mar 29, 2024
- HNW clients · 48 to 50Nov 1, 2023 to Mar 29, 2024
- Individual clients · 73 to 74Nov 1, 2023 to Mar 29, 2024
- Assets in custody · $95.8M to $102MNov 1, 2023 to Mar 29, 2024
- HNW RAUM · $141M to $164MNov 1, 2023 to Mar 29, 2024
- Individual RAUM · $32.5M to $26.7MNov 1, 2023 to Mar 29, 2024
- Non-discretionary RAUM · $177M to $194MNov 1, 2023 to Mar 29, 2024
- Pension RAUM · $2.2M to $1.5MNov 1, 2023 to Mar 29, 2024
- RAUM · $177M to $194MNov 1, 2023 to Mar 29, 2024
- Other offices · 1 to 2Aug 3, 2023 to Nov 1, 2023
- Accounts · 425 to 424Mar 29, 2023 to Apr 24, 2023
- Assets in custody · $95.8M to $95.8MMar 29, 2023 to Apr 24, 2023
- HNW RAUM · $141M to $141MMar 29, 2023 to Apr 24, 2023
Signals
2 dated events
- Jane Alyssa Dalbey (Vice President) appeared on Schedule A of Schultz Financial Group IncorporatedApr 24, 2023 · Control person joined · fact
- Ellen Kristina Mccabe (Vice President) no longer on Schedule A of Schultz Financial Group Incorporated (listed 2019-03-27, absent 2019-03-27)Mar 27, 2019 · Control person left · inference
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
- 775-850-5620reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/878590reportedpublic record, Form ADV, Sep 17, 2026
- Website
- sfginc.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 775-850-5620reportedpublic record, Form ADV, Jun 16, 2026
- Team page
- sfginc.com/our-teamreportedpublished 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $43.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026