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

B••••••••• C•••••• A••••••• L••

Independent wealth managerBozeman, MontanaCRD 109088SEC 801-58029websiteIAPD
Latest filing Aug 24, 2026
First filing on the tape Mar 30, 2012 · 23 filings
SEC status approved since Oct 20, 2000
RAUM
$1.8B
reported, Item 5.F
Discretionary
14%
of RAUM
Private clients
100%
$1.8B individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$890M
derived; firm RAUM over IAPD count
Employees
7
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$1.8B as of Aug 24, 2026
Mar 30, 2012$685M then
HNW client RAUM$1.8B as of Aug 24, 2026
Mar 27, 2018$1.1B then
State-registered IARs (5.B.3)0 as of Aug 24, 2026
Mar 30, 20120 then
Employees (5.A)7 as of Aug 24, 2026
Mar 28, 20136 then
Private funds: no history
RAUM +22% over the last fiscal year+13% a year over threeIARs 2 to 0
Practice profile
derived from the filing of Aug 24, 2026; every figure names its basis
Archetypes, each a printed rule
  • 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
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
  • uhnw p•••••• wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
RAUM per advisor
$890MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$89.0MderivedHNW RAUM over HNW clients
Average account
$119MderivedRAUM over accounts (5.F.2.f)
Discretionary
14%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.5derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+22%derivedbetween the last two annual amendments
Advisor growth, one year
-100%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisers, otherreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.8B100%
Individual clients
n/areported
HNW clients
20reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
15reported
Financial planning clients
11-25reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
A••••• S•••••• M••••••••Bozeman, MtAug 11, 200427 y0
K•••• A• G••••••Boca Raton, Fl May 22, 202625 y1
Advisor movement
1 left, 1 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 50% of current headcount1 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • G•••••••• C•••• W••• · Membercontrol
    since 01/2021 · owns 25% to 50%
  • M••••••••• A•••••• S•••••• · Managing Membercontrol
    since 01/1999 · owns 50% to 75%
  • P•••••• W••••••• J••••• · Member And Chief Compliance Officer
    since 01/2011 · 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
OfficeAdvisorsJoinedLeftTeams outForming
Bozeman, Mt · principal211
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 19 to 15
    Oct 1, 2025 to Mar 31, 2026
  • Advisory employees · 8 to 7
    Oct 1, 2025 to Mar 31, 2026
  • HNW clients · 19 to 20
    Oct 1, 2025 to Mar 31, 2026
  • Employees · 8 to 7
    Oct 1, 2025 to Mar 31, 2026
  • State-registered IARs · 2 to 0
    Oct 1, 2025 to Mar 31, 2026
  • Discretionary RAUM · $292M to $254M
    Oct 1, 2025 to Mar 31, 2026
  • HNW RAUM · $1.5B to $1.8B
    Oct 1, 2025 to Mar 31, 2026
  • Non-discretionary RAUM · $1.2B to $1.5B
    Oct 1, 2025 to Mar 31, 2026
  • RAUM · $1.5B to $1.8B
    Oct 1, 2025 to Mar 31, 2026
  • Accounts · 22 to 19
    Mar 5, 2024 to Mar 28, 2025
  • BD registered reps · 0 to 1
    Mar 5, 2024 to Mar 28, 2025
  • HNW clients · 22 to 19
    Mar 5, 2024 to Mar 28, 2025
  • Financial planning clients · 1-10 to 11-25
    Mar 5, 2024 to Mar 28, 2025
  • State-registered IARs · 0 to 2
    Mar 5, 2024 to Mar 28, 2025
  • Discretionary RAUM · $366M to $292M
    Mar 5, 2024 to Mar 28, 2025
  • HNW RAUM · $1.5B to $1.5B
    Mar 5, 2024 to Mar 28, 2025
  • Non-discretionary RAUM · $1.1B to $1.2B
    Mar 5, 2024 to Mar 28, 2025
  • RAUM · $1.5B to $1.5B
    Mar 5, 2024 to Mar 28, 2025
  • Accounts · 18 to 22
    Mar 10, 2023 to Mar 4, 2024
  • HNW clients · 18 to 22
    Mar 10, 2023 to Mar 4, 2024
  • Financial planning clients · 11-25 to 1-10
    Mar 10, 2023 to Mar 4, 2024
  • Discretionary RAUM · $97.5M to $366M
    Mar 10, 2023 to Mar 4, 2024
  • HNW RAUM · $1.2B to $1.5B
    Mar 10, 2023 to Mar 4, 2024
  • Non-discretionary RAUM · $1.1B to $1.1B
    Mar 10, 2023 to Mar 4, 2024
  • RAUM · $1.2B to $1.5B
    Mar 10, 2023 to Mar 4, 2024
  • Accounts · 17 to 18
    Mar 30, 2022 to Mar 10, 2023
  • Advisory activities · 6 to 5
    Mar 30, 2022 to Mar 10, 2023
  • HNW clients · 17 to 18
    Mar 30, 2022 to Mar 10, 2023
  • Discretionary RAUM · $107M to $97.5M
    Mar 30, 2022 to Mar 10, 2023
  • HNW RAUM · $1.2B to $1.2B
    Mar 30, 2022 to Mar 10, 2023
  • Non-discretionary RAUM · $1.1B to $1.1B
    Mar 30, 2022 to Mar 10, 2023
  • RAUM · $1.2B to $1.2B
    Mar 30, 2022 to Mar 10, 2023
  • Accounts · 15 to 17
    Mar 26, 2021 to Mar 30, 2022
  • Advisory employees · 7 to 8
    Mar 26, 2021 to Mar 30, 2022
  • HNW clients · 15 to 17
    Mar 26, 2021 to Mar 30, 2022
  • Employees · 7 to 8
    Mar 26, 2021 to Mar 30, 2022
  • Discretionary RAUM · $42.5M to $107M
    Mar 26, 2021 to Mar 30, 2022
  • HNW RAUM · $1.1B to $1.2B
    Mar 26, 2021 to Mar 30, 2022
  • Non-discretionary RAUM · $1.0B to $1.1B
    Mar 26, 2021 to Mar 30, 2022
  • RAUM · $1.1B to $1.2B
    Mar 26, 2021 to Mar 30, 2022
Signals
3 dated events
  • C••• W••• G••••••• left B••••••••• C•••••• A••••••• L•• for A•• P•••••• W••••• P•••••••• L•• (registered 2026-04-10)
    May 14, 2026 · Advisor changed firm · fact
  • Wade Carl Gardiner (Shareholder) appeared on Schedule A of B••••••••• C•••••• A••••••• L••
    Mar 26, 2021 · Control person joined · fact
  • B••••••••• C•••••• A••••••• L•• reported RAUM $1.1B, up 60% from $677.4M (2017-03-27 to 2018-03-27)
    Mar 27, 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
Business phone
406-556-8202reportedpublished by the firm, firm site, Sep 17, 2026
Firm profile
linkedin.com/company/bitterroot-capital-advisorsreportedpublic record, Form ADV, Sep 18, 2026
Website
B•••••••••CAPITAL.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
406-556-8200reportedpublic record, Form ADV, Aug 24, 2026
Contact form
b•••••••••.comreportedpublished by the firm, firm site, Sep 17, 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
$890Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026