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
N••• C•••••• G••••• I•••••••• L••
Latest filing Mar 25, 2026
First filing on the tape Mar 30, 2012 · 22 filings
SEC status approved since Nov 23, 1998
RAUM
$1.5B
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
3.1%
$46.5M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$253M
derived; firm RAUM over IAPD count
Employees
9
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$1.5B as of Mar 25, 2026
Mar 30, 2012$2.6B then
HNW client RAUM$46.5M as of Mar 25, 2026
Mar 29, 2018$18.2M then
State-registered IARs (5.B.3)0 as of Mar 25, 2026
Mar 30, 20120 then
Employees (5.A)9 as of Mar 25, 2026
Mar 28, 20139 then
Private funds: no history
RAUM +21% over the last fiscal year+18% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 25, 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
- $253MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.6MderivedHNW RAUM over HNW clients
- Average account
- $41.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 96%derivedof RAUM
- Institutional
- 85%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 6.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +21%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 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
- 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)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$866M59%
- State and municipal entities$421M29%
- Other investment advisers$64.0M4.4%
- Pooled investment vehicles$57.5M3.9%
- High-net-worth individuals$46.5M3.2%
- Investment companies$11.9M0.8%
- Charitable organizations$726,3450.0%
- Individual clients
- n/areported
- HNW clients
- 13reported
- Pension plan clients
- 10reported
- Charitable clients
- n/areported
- Accounts
- 37reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.03 fund_share=0.09 institutional_share=0.85 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| P•••• M•••••• C••••••Chartered Financial Analyst | Plymouth, Mn | Jan 1, 2026 | 23 y | 0 |
| T••••• M• D•••••• | Plymouth, Mn | Jan 1, 2026 | 13 y | 0 |
| T••••• L•••• P••••Chartered Financial Analyst | Plymouth, Mn | Jan 1, 2026 | 31 y | 0 |
| D••••• M••••• L••••••Chartered Financial Analyst | Plymouth, Mn | Jan 1, 2026 | 27 y | 0 |
| R••••• E• S••••Chartered Financial Analyst | Plymouth, Mn | Jan 1, 2026 | 26 y | 0 |
| K•• D••••••• | Plymouth, Mn | Jan 1, 2026 | 27 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- C••••••• P••••• M•••••• · Portfolio Manager And Chief Operating Officercontrolsince 06/2022 · owns 5% to 10%
- D••••••• T•••••• M• · Portfolio Managercontrolsince 01/2019 · owns less than 5%
- D•••••••• K•• · Portfolio Managercontrolsince 01/2009 · owns 5% to 10%
- P••••• T•••••• L•••• · Director, Chairman And Chief Executive Officercontrolsince 12/1998 · owns 50% to 75%
- S••••• R•••••• E• · Presidentcontrolsince 01/2014 · owns 10% to 25%
- G••••• J••••• G•••••• · Trusteecontrolsince 12/2017 · owns F of S••••• H•••••••• L••
- S•••••• M••••••• D••••• · Trusteecontrolsince 06/2014 · owns F of R•• 1••• T••••
- S•••••• R••••••• S••••• · Membercontrolsince 06/2014 · owns 25% to 50% of S••••• H•••••••• L••
- W••••• R••••••• T•••• · Elected Managercontrolsince 06/2014 · owns F of S••••• H•••••••• L••
- W•••••• J•••• W•••• · Elected Managercontrolsince 06/2014 · owns F of S••••• H•••••••• L••
- M••••••• K•••• · Chief Compliance Officer And Chief Financial Officersince 01/2016 · owns less than 5%
Entity owners
- R•• 1••• T•••• · Memberindirect · owns 25% to 50% of S••••• H•••••••• L••
- S••••• H•••••••• L•• · Memberdirect · owns 10% to 25%
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 |
|---|---|---|---|---|---|
| Plymouth, Mn · principal | 6 | 6 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 40 to 37Mar 26, 2025 to Mar 25, 2026
- Pension plan clients · 8 to 10Mar 26, 2025 to Mar 25, 2026
- Discretionary RAUM · $1.2B to $1.5BMar 26, 2025 to Mar 25, 2026
- HNW RAUM · $48.4M to $46.5MMar 26, 2025 to Mar 25, 2026
- Non-discretionary RAUM · $35.8M to $64.0MMar 26, 2025 to Mar 25, 2026
- Pension RAUM · $743M to $866MMar 26, 2025 to Mar 25, 2026
- Pooled vehicle RAUM · $57.9M to $57.5MMar 26, 2025 to Mar 25, 2026
- RAUM · $1.3B to $1.5BMar 26, 2025 to Mar 25, 2026
- Accounts · 39 to 40Mar 28, 2024 to Mar 26, 2025
- HNW clients · 11 to 13Mar 28, 2024 to Mar 26, 2025
- Pension plan clients · 11 to 8Mar 28, 2024 to Mar 26, 2025
- Financial planning clients · unset to Mar 28, 2024 to Mar 26, 2025
- Discretionary RAUM · $1.2B to $1.2BMar 28, 2024 to Mar 26, 2025
- HNW RAUM · $42.1M to $48.4MMar 28, 2024 to Mar 26, 2025
- Non-discretionary RAUM · $15.8M to $35.8MMar 28, 2024 to Mar 26, 2025
- Pension RAUM · $785M to $743MMar 28, 2024 to Mar 26, 2025
- Pooled vehicle RAUM · $75.4M to $57.9MMar 28, 2024 to Mar 26, 2025
- RAUM · $1.2B to $1.3BMar 28, 2024 to Mar 26, 2025
- Accounts · 28 to 39Mar 31, 2023 to Mar 28, 2024
- Advisory activities · 3 to 4Mar 31, 2023 to Mar 28, 2024
- HNW clients · 9 to 11Mar 31, 2023 to Mar 28, 2024
- Pension plan clients · 8 to 11Mar 31, 2023 to Mar 28, 2024
- Discretionary RAUM · $927M to $1.2BMar 31, 2023 to Mar 28, 2024
- HNW RAUM · $30.4M to $42.1MMar 31, 2023 to Mar 28, 2024
- Non-discretionary RAUM · $3.6M to $15.8MMar 31, 2023 to Mar 28, 2024
- Pension RAUM · $652M to $785MMar 31, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $18.8M to $75.4MMar 31, 2023 to Mar 28, 2024
- RAUM · $931M to $1.2BMar 31, 2023 to Mar 28, 2024
- Accounts · 19 to 28Mar 31, 2022 to Mar 31, 2023
- HNW clients · 8 to 9Mar 31, 2022 to Mar 31, 2023
- Pension plan clients · unset to 8.0Mar 31, 2022 to Mar 31, 2023
- Pooled vehicle clients · unset to 1.0Mar 31, 2022 to Mar 31, 2023
- HQ city · MINNEAPOLIS to PLYMOUTHMar 31, 2022 to Mar 31, 2023
- Discretionary RAUM · $1.0B to $927MMar 31, 2022 to Mar 31, 2023
- HNW RAUM · $35.6M to $30.4MMar 31, 2022 to Mar 31, 2023
- Non-discretionary RAUM · $0 to $3.6MMar 31, 2022 to Mar 31, 2023
- Pension RAUM · $510M to $652MMar 31, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · unset to 18800631.0Mar 31, 2022 to Mar 31, 2023
- RAUM · $1.0B to $931MMar 31, 2022 to Mar 31, 2023
- Accounts · 18 to 19Mar 31, 2021 to Mar 31, 2022
Signals
5 dated events
- N••• C•••••• G••••• I•••••••• L•• reported RAUM $1.2B, up 26% from $930.7M (2023-03-31 to 2024-03-28)Mar 28, 2024 · RAUM change · derived
- N••• C•••••• G••••• I•••••••• L•• reported RAUM $1.3B, up 115% from $611.0M (2020-06-29 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- John Kenneth Wessels (Elected Manager) no longer on Schedule A of N••• C•••••• G••••• I•••••••• L•• (listed 2018-03-29, absent 2019-03-29)Mar 29, 2019 · Control person left · inference
- M Thomas Dignard (Portfolio Manager) appeared on Schedule A of N••• C•••••• G••••• I•••••••• L••Mar 29, 2019 · Control person joined · fact
- N••• C•••••• G••••• I•••••••• L•• reported RAUM $763.0M, down 38% from $1.2B (2017-03-31 to 2018-03-29)Mar 29, 2018 · 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
- Website
- ncgrowth.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 763-591-4490reportedpublic record, Form ADV, Mar 25, 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
- $253Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026