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

D••••••• • C••

Independent wealth managerMinneapolis, MinnesotaCRD 109058SEC 801-14602websiteIAPD
Legal name C• C• D••••••• • C••• I•••
Latest filing Mar 5, 2026
First filing on the tape Jan 26, 2012 · 27 filings
SEC status approved since Jun 1, 1979
RAUM
$393M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
81%
$318M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$98.2M
derived; firm RAUM over IAPD count
Employees
6
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$393M as of Mar 5, 2026
Jan 26, 2012$162M then
HNW client RAUM$270M as of Mar 5, 2026
Mar 9, 2018$131M then
State-registered IARs (5.B.3)4 as of Mar 5, 2026
Mar 19, 20133 then
Employees (5.A)6 as of Mar 5, 2026
Mar 19, 20136 then
Private funds: no history
RAUM +0.2% over the last fiscal year+3.8% a year over threeIARs 5 to 4
Practice profile
derived from the filing of Mar 5, 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
$98.2MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
57derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.7MderivedHNW RAUM over HNW clients
Average account
$1.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
19%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+0.2%derivedbetween the last two annual amendments
Advisor growth, one year
-20%derivedItem 5.B.3 between annual amendments
Client growth, one year
-4.6%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$270M69%
  • Charitable organizations$68.9M18%
  • Individuals$48.0M12%
  • Pension and profit-sharing plans$5.8M1.5%
Individual clients
155reported
HNW clients
73reported
Pension plan clients
1reported
Charitable clients
2reported
Accounts
231reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.81 fund_share=0.0 institutional_share=0.19 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
H••••• N•••••• D••••••Minneapolis, MnJan 13, 201412 y0
C••••••••• R••••••••• D••••••Chartered Financial AnalystMinneapolis, MnJan 30, 201425 y0
T••••• A•••• L•••••Minneapolis, MnJan 31, 201916 y1
D••••• A••••• J••••••Minneapolis, MnJan 10, 202146 y1
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 headcount1 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • D••••••• C••••••••• R••••••••• · Presidentcontrol
    since 03/2001 · owns 75% or more
  • H•••••• W•••••••• L•••• · Operations Manager & Chief Compliance Officer
    since 03/2005 · 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
OfficeAdvisorsJoinedLeftTeams outForming
Minneapolis, Mn · principal400
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 243 to 231
    Mar 6, 2025 to Mar 5, 2026
  • Advisory employees · 5 to 4
    Mar 6, 2025 to Mar 5, 2026
  • HNW clients · 74 to 73
    Mar 6, 2025 to Mar 5, 2026
  • Individual clients · 165 to 155
    Mar 6, 2025 to Mar 5, 2026
  • Pension plan clients · 2 to 1
    Mar 6, 2025 to Mar 5, 2026
  • Employees · 7 to 6
    Mar 6, 2025 to Mar 5, 2026
  • State-registered IARs · 5 to 4
    Mar 6, 2025 to Mar 5, 2026
  • Discretionary RAUM · $392M to $393M
    Mar 6, 2025 to Mar 5, 2026
  • HNW RAUM · $258M to $270M
    Mar 6, 2025 to Mar 5, 2026
  • Individual RAUM · $48.4M to $48.0M
    Mar 6, 2025 to Mar 5, 2026
  • Pension RAUM · $6.2M to $5.8M
    Mar 6, 2025 to Mar 5, 2026
  • RAUM · $392M to $393M
    Mar 6, 2025 to Mar 5, 2026
  • Accounts · 264 to 243
    Mar 14, 2024 to Mar 6, 2025
  • HNW clients · 75 to 74
    Mar 14, 2024 to Mar 6, 2025
  • Individual clients · 186 to 165
    Mar 14, 2024 to Mar 6, 2025
  • Pension plan clients · 1 to 2
    Mar 14, 2024 to Mar 6, 2025
  • Financial planning clients · 51-100 to 101-250
    Mar 14, 2024 to Mar 6, 2025
  • Discretionary RAUM · $384M to $392M
    Mar 14, 2024 to Mar 6, 2025
  • HNW RAUM · $246M to $258M
    Mar 14, 2024 to Mar 6, 2025
  • Individual RAUM · $56.3M to $48.4M
    Mar 14, 2024 to Mar 6, 2025
  • Pension RAUM · $5.0M to $6.2M
    Mar 14, 2024 to Mar 6, 2025
  • RAUM · $384M to $392M
    Mar 14, 2024 to Mar 6, 2025
  • Accounts · 539 to 264
    Mar 20, 2023 to Mar 14, 2024
  • Advisory employees · 4 to 5
    Mar 20, 2023 to Mar 14, 2024
  • HNW clients · 68 to 75
    Mar 20, 2023 to Mar 14, 2024
  • Individual clients · 188 to 186
    Mar 20, 2023 to Mar 14, 2024
  • Pension plan clients · 2 to 1
    Mar 20, 2023 to Mar 14, 2024
  • Discretionary RAUM · $351M to $384M
    Mar 20, 2023 to Mar 14, 2024
  • HNW RAUM · $220M to $246M
    Mar 20, 2023 to Mar 14, 2024
  • Individual RAUM · $56.6M to $56.3M
    Mar 20, 2023 to Mar 14, 2024
  • Pension RAUM · $4.7M to $5.0M
    Mar 20, 2023 to Mar 14, 2024
  • RAUM · $351M to $384M
    Mar 20, 2023 to Mar 14, 2024
  • Accounts · 544 to 539
    Mar 17, 2022 to Mar 20, 2023
  • Advisory employees · 5 to 4
    Mar 17, 2022 to Mar 20, 2023
  • Charity clients · 3 to 2
    Mar 17, 2022 to Mar 20, 2023
  • HNW clients · 75 to 68
    Mar 17, 2022 to Mar 20, 2023
  • Individual clients · 233 to 188
    Mar 17, 2022 to Mar 20, 2023
  • Pension plan clients · 1 to 2
    Mar 17, 2022 to Mar 20, 2023
  • Employees · 9 to 7
    Mar 17, 2022 to Mar 20, 2023
  • State-registered IARs · 4 to 5
    Mar 17, 2022 to Mar 20, 2023
Signals
3 dated events
  • A•••••••• K•• K•••••• left D••••••• • C•• for Mariner (registered 2025-09-25)
    Aug 12, 2025 · Advisor changed firm · fact
  • D••••••• • C•• reported RAUM $401.1M, up 66% from $241.9M (2021-01-12 to 2021-03-30)
    Mar 30, 2021 · RAUM change · derived
  • C Charles Dunnavan (Chairman Of The Board) no longer on Schedule A of D••••••• • C•• (listed 2021-01-12, absent 2021-03-30)
    Mar 30, 2021 · 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
612-630-1101reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
LINKEDIN.COM/COMPANY/D•••••••COreportedpublic record, Form ADV, Sep 18, 2026
Website
D•••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
(612) 630-1101reportedpublic record, Form ADV, Mar 5, 2026
Contact form
d•••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Team page
d•••••••.comreportedpublished 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
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$98.2Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026