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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

Former SEC-registered adviser

B••• R••• A••••••• I••

Former SEC-registered adviserWayzata, MinnesotaCRD 109488SEC 801-57105IAPD
Latest filing Mar 26, 2015
First filing on the tape Mar 30, 2012 · 6 filings
RAUM
$1.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
12
7 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
6
$1.1B gross assets
History
6 filings and snapshots on the tape
RAUM$1.2B as of Mar 26, 2015
Mar 30, 2012$773M then
HNW client RAUM: no history
State-registered IARs (5.B.3)5 as of Mar 26, 2015
Mar 21, 20130 then
Employees (5.A)12 as of Mar 26, 2015
Mar 21, 201311 then
Private funds6 as of Mar 26, 2015
Mar 30, 20125 then
RAUM +84% over the last fiscal year+17% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 26, 2015; every figure names its basis
RAUM per advisor
$246MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$205MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.4derivedItem 5.A over advisors
Advisors per office
5.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+84%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
Custody
$1.2B, 6 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
  • 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
6reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$1.2B for 6 clientsreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      B••• R••• E••••••• M•••••• F•••• L•••no longer reportedHedge Fund$18.5M3Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • B•••••••• R•••••• J••• · Chief Executive Officer, Chief Investment Officercontrol
        since 07/2011 · owns less than 5%
      • F••••••••• R•••••• W••••• · Principalcontrol
        since 12/1989 · owns 50% to 75%
      • K••••••• A•••••• M••••• · Chief Compliance Officercontrol
        since 09/2004 · owns less than 5%
      • L••• J•• P••••• T• · Chief Financial Officercontrol
        since 06/2013 · owns less than 5%
      • S••••• M•••• F•••••••• · Principalcontrol
        since 07/1991 · owns 25% to 50%
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 5 to 6
        May 27, 2014 to Mar 26, 2015
      • Assets in custody · $669M to $1.2B
        May 27, 2014 to Mar 26, 2015
      • Private funds · 5 to 6
        May 27, 2014 to Mar 26, 2015
      • Discretionary RAUM · $669M to $1.2B
        May 27, 2014 to Mar 26, 2015
      • RAUM · $669M to $1.2B
        May 27, 2014 to Mar 26, 2015
      • Related bank · false to true
        May 27, 2014 to Mar 26, 2015
      • Accounts · 6 to 5
        Aug 12, 2013 to Mar 28, 2014
      • Assets in custody · $563M to $669M
        Aug 12, 2013 to Mar 28, 2014
      • State-registered IARs · 0 to 5
        Aug 12, 2013 to Mar 28, 2014
      • Discretionary RAUM · $632M to $669M
        Aug 12, 2013 to Mar 28, 2014
      • RAUM · $632M to $669M
        Aug 12, 2013 to Mar 28, 2014
      • Related adviser · true to false
        Aug 12, 2013 to Mar 28, 2014
      • Employees · 11 to 12
        Mar 21, 2013 to Aug 12, 2013
      • Advisory employees · unset to 7.0
        Mar 30, 2012 to Mar 21, 2013
      • BD registered reps · unset to 4.0
        Mar 30, 2012 to Mar 21, 2013
      • Assets in custody · $648M to $563M
        Mar 30, 2012 to Mar 21, 2013
      • Employees · unset to 11.0
        Mar 30, 2012 to Mar 21, 2013
      • State-registered IARs · unset to 0.0
        Mar 30, 2012 to Mar 21, 2013
      • Discretionary RAUM · $773M to $632M
        Mar 30, 2012 to Mar 21, 2013
      • RAUM · $773M to $632M
        Mar 30, 2012 to Mar 21, 2013
      Signals
      No event on the tape.
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      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
      Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026