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
Advanced Capital Group
Legal name Advanced Capital Group, Inc.
Latest filing Mar 20, 2026
First filing on the tape Jan 5, 2012 · 25 filings
SEC status approved since Jan 31, 2006
RAUM
$30B
reported, Item 5.F
Discretionary
5.7%
of RAUM
Private clients
6.7%
$2.0B individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$7.5B
derived; firm RAUM over IAPD count
Employees
22
11 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$30B as of Mar 20, 2026
Mar 27, 2012$6.2B then
HNW client RAUM$2.0B as of Mar 20, 2026
Mar 28, 2018$242M then
State-registered IARs (5.B.3)4 as of Mar 20, 2026
Mar 27, 20130 then
Employees (5.A)22 as of Mar 20, 2026
Mar 27, 201315 then
Private funds: no history
RAUM +7.7% over the last fiscal year+6.7% a year over threeIARs 0 to 4offices 0 to 1
Practice profile
derived from the filing of Mar 20, 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
- OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $7.5BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 35derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $38.4MderivedHNW RAUM over HNW clients
- Average account
- $81.9MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 5.7%derivedof RAUM
- Institutional
- 92%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 5.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +7.7%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- +2.2%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminarsreportedItem 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
- has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$26B86%
- High-net-worth individuals$2.0B6.5%
- State and municipal entities$1.2B4.0%
- Corporations and businesses$424M1.4%
- Insurance companies$295M1.0%
- Banks and thrifts$89.4M0.3%
- Charitable organizations$70.6M0.2%
- Individuals$40.4M0.1%
- Individual clients
- 87reported
- HNW clients
- 51reported
- Pension plan clients
- 166reported
- Charitable clients
- 3reported
- Accounts
- 366reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.07 fund_share=0.0 institutional_share=0.92 related_bd=true related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Mathew Phillip CoyleCertified Financial Planner | Minneapolis, Mn | May 7, 2019 | 26 y | 1 |
| Jay S Thorp | Minneapolis, Mn | Jan 17, 2023 | 29 y | 3 |
| Chad Patrick RiceChartered Financial Analyst | Minneapolis, Mn | Jun 11, 2024 | 10 y | 1 |
| Patrick Winfield LarsonChartered Financial Analyst | Minneapolis, Mn | Jun 11, 2024 | 28 y | 1 |
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
- Derrick Salvador Avelar to Creative PlanningDec 31, 2017 · Other
Joined, latest
- Chad Patrick Rice from Journey Capital Advisers, LLCJun 11, 2024 · Other
- Jay S Thorp from Edward JonesJan 17, 2023 · Other
- Mathew Phillip Coyle from Sovereign Wealth Solutions, Inc.May 7, 2019 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Justin Dorsey · Principalcontrolsince 01/2002 · owns less than 5%
- Lee Charles Langowski · Chief Executive Officercontrolsince 11/1998 · owns less than 5%
- W Patrick Larson · Chief Investment Officercontrolsince 09/2007 · owns less than 5%
- Dean Daniel Schroeder · Chief Compliance Officersince 09/2007 · owns less than 5%
Entity owners
- Alera Group, Inc · Ownerdirect · owns 75% or more
Related persons
Schedule D 7.A
- Advanced Capital Group Benefits And Risk Consulting, Increal estaten
Advisers that list Advanced Capital Group as a related person
- 287906 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Minneapolis, Mn · principal | 4 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- compensation changedChange between filings · filing Mar 20, 2026hourly charges (Item 5.E.2): no on the filing of 2025-11-24, yes on the filing of 2026-03-20peers: institutional managers, $20B and over (90)
What changed
consecutive filings, newest first
- Accounts · 363 to 366Nov 24, 2025 to Mar 20, 2026
- Advisory activities · 5 to 6Nov 24, 2025 to Mar 20, 2026
- Charity clients · 4 to 3Nov 24, 2025 to Mar 20, 2026
- Corporate clients · 25 to 24Nov 24, 2025 to Mar 20, 2026
- HNW clients · 47 to 51Nov 24, 2025 to Mar 20, 2026
- Individual clients · 88 to 87Nov 24, 2025 to Mar 20, 2026
- State-registered IARs · 0 to 4Nov 24, 2025 to Mar 20, 2026
- Other offices · 0 to 1Nov 24, 2025 to Mar 20, 2026
- Discretionary RAUM · $1.2B to $1.7BNov 24, 2025 to Mar 20, 2026
- HNW RAUM · $1.8B to $2.0BNov 24, 2025 to Mar 20, 2026
- Individual RAUM · $37.2M to $40.4MNov 24, 2025 to Mar 20, 2026
- Non-discretionary RAUM · $27B to $28BNov 24, 2025 to Mar 20, 2026
- Pension RAUM · $24B to $26BNov 24, 2025 to Mar 20, 2026
- RAUM · $28B to $30BNov 24, 2025 to Mar 20, 2026
- Financial planning clients · 0 to 0Aug 18, 2025 to Nov 24, 2025
- Related broker-dealer · false to trueJun 30, 2025 to Aug 18, 2025
- Legal name · ALERA GROUP, INC. to ADVANCED CAPITAL GROUP, INC.Apr 4, 2025 to Jun 30, 2025
- Pooled vehicle RAUM · 0.0 to unsetDec 2, 2024 to Apr 4, 2025
- Accounts · 341 to 363Dec 2, 2024 to Apr 4, 2025
- Advisory employees · 13 to 11Dec 2, 2024 to Apr 4, 2025
- Charity clients · 5 to 4Dec 2, 2024 to Apr 4, 2025
- Corporate clients · 28 to 25Dec 2, 2024 to Apr 4, 2025
- HNW clients · 48 to 47Dec 2, 2024 to Apr 4, 2025
- Individual clients · 79 to 88Dec 2, 2024 to Apr 4, 2025
- Pension plan clients · 148 to 166Dec 2, 2024 to Apr 4, 2025
- Employees · 27 to 22Dec 2, 2024 to Apr 4, 2025
- Financial planning clients · 26-50 to 0Dec 2, 2024 to Apr 4, 2025
- Legal name · ADVANCED CAPITAL GROUP, INC. to ALERA GROUP, INC.Dec 2, 2024 to Apr 4, 2025
- Discretionary RAUM · $1.3B to $1.2BDec 2, 2024 to Apr 4, 2025
- HNW RAUM · $1.7B to $1.8BDec 2, 2024 to Apr 4, 2025
- Individual RAUM · $27.8M to $37.2MDec 2, 2024 to Apr 4, 2025
- Non-discretionary RAUM · $25B to $27BDec 2, 2024 to Apr 4, 2025
- Pension RAUM · $22B to $24BDec 2, 2024 to Apr 4, 2025
- RAUM · $26B to $28BDec 2, 2024 to Apr 4, 2025
- Related adviser · false to trueDec 2, 2024 to Apr 4, 2025
- Accounts · 342 to 341Mar 29, 2023 to Mar 26, 2024
- Advisory employees · 14 to 13Mar 29, 2023 to Mar 26, 2024
- Charity clients · 4 to 5Mar 29, 2023 to Mar 26, 2024
- Corporate clients · 32 to 28Mar 29, 2023 to Mar 26, 2024
- HNW clients · 50 to 48Mar 29, 2023 to Mar 26, 2024
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.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/advanced-capital-groupreportedpublic record, Form ADV, Sep 17, 2026
- Website
- acg.aleragroup.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 612-230-3000reportedpublic record, Form ADV, Mar 20, 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
- $7.5Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026