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
Navpoint Financial, Inc.
Latest filing Mar 25, 2026
First filing on the tape Mar 16, 2012 · 24 filings
SEC status approved since Jan 28, 1998
RAUM
$752M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
100%
$752M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$251M
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
24 filings and snapshots on the tape
RAUM$752M as of Mar 25, 2026
Mar 16, 2012$263M then
HNW client RAUM$729M as of Mar 25, 2026
Mar 30, 2018$386M then
State-registered IARs (5.B.3)3 as of Mar 25, 2026
Mar 16, 20120 then
Employees (5.A)7 as of Mar 25, 2026
Mar 28, 20135 then
Private funds: no history
RAUM +17% over the last fiscal year+11% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 25, 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
- RAUM per advisor
- $251MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 76derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.9MderivedHNW RAUM over HNW clients
- Average account
- $795,935derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +17%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.0%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, otherreportedItem 5.G
- Custody
- $385M, 152 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$729M97%
- Individuals$23.1M3.1%
- Individual clients
- 41reported
- HNW clients
- 188reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 945reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- $385M for 152 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Krista Marie Ketelsen | Prior Lake, Mn | Jan 15, 2014 | 23 y | 0 |
| Bruce Edwin Carlson | Prior Lake, Mn | Jan 15, 2014 | 42 y | 1 |
| David Gary Martell | Prior Lake, Mn | Jan 15, 2014 | 29 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
- Christopher Michael Wagner to Bluespring Wealth Management, LLCFeb 24, 2017 · Other
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Edwin Bruce Carlson · Owner And Executive Vice Presidentcontrolsince 11/1997 · owns 5% to 10%
- Marie Krista Ketelsen · Vice President, Chief Compliance Officercontrolsince 01/2015 · owns less than 5%
- Gary David Martell · Owner, President & Ceocontrolsince 07/2023 · owns 50% to 75%
- Elyse Ayn Carlson · Owner, Research Assistantsince 07/2023 · owns 10% to 25%
- Alexander Cole Carlson · Owner, Research Assistantsince 07/2023 · 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 |
|---|---|---|---|---|---|
| Prior Lake, Mn · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- HNW share shiftChange between filings · filing Mar 25, 2026HNW share of RAUM moved from 3.0% to 97.0% between the annual amendments of 2025-03-28 and 2026-03-25peers: independent wealth managers, $500M to $1B (1,483)
- account count surgeChange between filings · filing Mar 25, 2026accounts (Item 5.F.2.f) moved from 221.0 to 945.0 (+328.0%) between the annual amendments of 2025-03-28 and 2026-03-25; the peer median change was +6.0% (1256 comparable advisers, 100.0th percentile of changes)peers: independent wealth managers, $500M to $1B (1,256) · 100% percentile
What changed
consecutive filings, newest first
- Accounts · 221 to 945Mar 28, 2025 to Mar 25, 2026
- HNW clients · 185 to 188Mar 28, 2025 to Mar 25, 2026
- Individual clients · 44 to 41Mar 28, 2025 to Mar 25, 2026
- Assets in custody · $304M to $385MMar 28, 2025 to Mar 25, 2026
- Discretionary RAUM · $626M to $740MMar 28, 2025 to Mar 25, 2026
- HNW RAUM · $20.3M to $729MMar 28, 2025 to Mar 25, 2026
- Individual RAUM · $623M to $23.1MMar 28, 2025 to Mar 25, 2026
- Non-discretionary RAUM · $18.0M to $12.0MMar 28, 2025 to Mar 25, 2026
- RAUM · $644M to $752MMar 28, 2025 to Mar 25, 2026
- Accounts · 224 to 221Mar 30, 2024 to Mar 28, 2025
- Advisory employees · 6 to 7Mar 30, 2024 to Mar 28, 2025
- HNW clients · 171 to 185Mar 30, 2024 to Mar 28, 2025
- Individual clients · 60 to 44Mar 30, 2024 to Mar 28, 2025
- Assets in custody · $322M to $304MMar 30, 2024 to Mar 28, 2025
- Employees · 6 to 7Mar 30, 2024 to Mar 28, 2025
- Financial planning clients · 101-250 to 101-250Mar 30, 2024 to Mar 28, 2025
- Discretionary RAUM · $592M to $626MMar 30, 2024 to Mar 28, 2025
- HNW RAUM · $580M to $20.3MMar 30, 2024 to Mar 28, 2025
- Individual RAUM · $29.3M to $623MMar 30, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $17.4M to $18.0MMar 30, 2024 to Mar 28, 2025
- RAUM · $610M to $644MMar 30, 2024 to Mar 28, 2025
- Accounts · 226 to 224Oct 17, 2023 to Mar 30, 2024
- HNW clients · 161 to 171Oct 17, 2023 to Mar 30, 2024
- Individual clients · 65 to 60Oct 17, 2023 to Mar 30, 2024
- Assets in custody · $421M to $322MOct 17, 2023 to Mar 30, 2024
- Discretionary RAUM · $533M to $592MOct 17, 2023 to Mar 30, 2024
- HNW RAUM · $518M to $580MOct 17, 2023 to Mar 30, 2024
- Individual RAUM · $31.3M to $29.3MOct 17, 2023 to Mar 30, 2024
- Non-discretionary RAUM · $17.0M to $17.4MOct 17, 2023 to Mar 30, 2024
- RAUM · $550M to $610MOct 17, 2023 to Mar 30, 2024
- Accounts · 233 to 226Mar 29, 2022 to Mar 30, 2023
- Advisory employees · 7 to 6Mar 29, 2022 to Mar 30, 2023
- HNW clients · 166 to 161Mar 29, 2022 to Mar 30, 2023
- Individual clients · 67 to 65Mar 29, 2022 to Mar 30, 2023
- Assets in custody · $458M to $421MMar 29, 2022 to Mar 30, 2023
- Employees · 7 to 6Mar 29, 2022 to Mar 30, 2023
- Discretionary RAUM · $597M to $533MMar 29, 2022 to Mar 30, 2023
- HNW RAUM · $588M to $518MMar 29, 2022 to Mar 30, 2023
- Individual RAUM · $30.9M to $31.3MMar 29, 2022 to Mar 30, 2023
- Non-discretionary RAUM · $22.0M to $17.0MMar 29, 2022 to Mar 30, 2023
Signals
1 dated events
- David Gary Martell (Vice President) no longer on Schedule A of Navpoint Financial, Inc. (listed 2021-03-31, absent 2022-03-29)Mar 29, 2022 · 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 email
- info@navpoint-financial.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 952-392-4605reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 952-746-1115reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- NAVPOINT-FINANCIAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 952-746-1115reportedpublic record, Form ADV, Mar 25, 2026
- Team page
- navpoint-financial.com/our-teamreportedpublished 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
- $251Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026