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

Aza Capital Management

Independent wealth managerChicago, IllinoisCRD 109784SEC 801-54428website IAPD

Legal name Insight 2811 Inc

Latest filing Mar 18, 2026

First filing on the tape Nov 17, 2011 · 51 filings

SEC status approved since May 12, 1997

RAUM

$340M

reported, Item 5.F

Discretionary

99%

of RAUM

Private clients

91%

$308M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$48.5M

derived; firm RAUM over IAPD count

Employees

7 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

51 filings and snapshots on the tape

RAUM$340M as of Mar 18, 2026

Mar 27, 2012$780M then

HNW client RAUM$234M as of Mar 18, 2026

Mar 23, 2018$98.6M then

State-registered IARs (5.B.3)7 as of Mar 18, 2026

Mar 21, 20135 then

Employees (5.A)8 as of Mar 18, 2026

Mar 21, 201311 then

Private funds2 as of Mar 1, 2016

Mar 27, 20121 then

RAUM +8.1% over the last fiscal year+8.2% a year over threeIARs 8 to 7

Practice profile

derived from the filing of Mar 18, 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

RAUM per advisor: $48.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 47derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $2.2MderivedHNW RAUM over HNW clients
Average account: $404,729derivedRAUM over accounts (5.F.2.f)
Discretionary: 99%derivedof RAUM
Institutional: 8.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.1derivedItem 5.A over advisors
Advisors per office: 1.4derived5 offices incl. principal (1.F.5)
RAUM growth, one year: +8.1%derivedbetween the last two annual amendments
Advisor growth, one year: -13%derivedItem 5.B.3 between annual amendments
Client growth, one year: -1.2%derived
Compensation: percentage of assets, fixed feesreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Custody: $58.1M, 146 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)
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

High-net-worth individuals$234M69%
Individuals$73.5M22%
Pension and profit-sharing plans$27.7M8.2%
Corporations and businesses$3.2M0.9%
Charitable organizations$423,7640.1%
Other investment advisers$353,1510.1%

Individual clients: 226reported
HNW clients: 105reported
Pension plan clients: 8reported
Charitable clients: n/areported
Accounts: 839reported
Financial planning clients: 1-10reported
Wrap fee programs: noreported
Custody of client assets: $58.1M for 146 clientsreported
Compensation: % of AUM, fixedreported
Class basis: private_client_share=0.91 fund_share=0.0 institutional_share=0.08 related_bd=false related_bank=false bd_reps=0.0derived

Advisors registered through the firm

7 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Michael James Lafontaine	Chicago, Il	Oct 16, 2009	20 y	2
Jeffrey Richardson Keen	Leland, Mi	Dec 23, 2009	21 y	0
Christopher Allen Recker	Chicago, Il	Jun 10, 2014	23 y	2
Ross Alan Blauwkamp	Grand Rapids, Mi	Nov 1, 2019	29 y	2
Michael Charles VogelChartered Financial Consultant	Chicago, Il	Nov 22, 2019	41 y	5
Barbara Jean Kelly	Chicago, Il	Jul 18, 2022	34 y	2
Bunn Fawcett	Chicago, Il	Apr 21, 2023	34 y	5

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

Arthur Edward Zaske to Arthur Zaske & Associates, LLC
Aug 18, 2016 · Other
Robert Bradford Rowe to Rowe Consulting Group, LLC
Aug 31, 2011 · Other
William Kevin Jenkins to Invest Financial Corporation
Jul 13, 2010 · Other
Tarek Mustapha Abouljoud to Abram Asset Management
Mar 15, 2010 · Other

Joined, latest

Bunn Fawcett from Castleview Partners, LLC
Apr 21, 2023 · RIA to RIA
Barbara Jean Kelly from Castleview Partners, LLC
Jul 18, 2022 · RIA to RIA
Michael Charles Vogel from Arete Wealth Advisors, LLC
Nov 22, 2019 · Affiliated broker-dealer or bank to independent RIA
Ross Alan Blauwkamp from Arete Wealth Advisors, LLC
Nov 1, 2019 · Affiliated broker-dealer or bank to independent RIA
Christopher Allen Recker from Interocean Capital, LLC
Jun 10, 2014 · Other
Robert Bradford Rowe from Raymond James & Associates, Inc.
Mar 22, 2011 · Other
Michael James Lafontaine from Nrp Advisors, Inc.
Oct 16, 2009 · Other

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

2 joined from Arete Wealth Advisors, LLC
Nov 1, 2019 · Grand Rapids, Mi

Teams out Teams in

Private funds

1 reported on Schedule D 7.B.(1)

Fund	Type	Gross assets	Owners	First reported
Aza Pooled Real Estate LLCno longer reported	Real Estate Fund	$3.6M	57	Mar 27, 2012

Owners and control persons

Schedule A and B, latest filing

Richardson Jeffrey Keen · Director, President, Chief Compliance Officercontrol
since 12/2012 · owns 25% to 50%
James Michael Lafontaine · Director, Treasurercontrol
since 12/2012 · owns 25% to 50%
Allen Christopher Recker · Director, Chief Investment Officer, Secretarycontrol
since 08/2016 · owns 25% to 50%

Related persons

Schedule D 7.A

No related person reported.

Advisers that list Aza Capital Management as a related person

134161 y

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
Chicago, Il · principal	7	0	0

Offices

Schedule D 1.F, the 25 largest

Grand Rapids, MI2 employees

What changed

consecutive filings, newest first

Accounts · 845 to 839
Jun 16, 2025 to Mar 18, 2026
Advisory employees · 8 to 7
Jun 16, 2025 to Mar 18, 2026
Corporate clients · unset to 6.0
Jun 16, 2025 to Mar 18, 2026
HNW clients · 98 to 105
Jun 16, 2025 to Mar 18, 2026
Individual clients · 237 to 226
Jun 16, 2025 to Mar 18, 2026
Pension plan clients · 9 to 8
Jun 16, 2025 to Mar 18, 2026
Assets in custody · $276M to $58.1M
Jun 16, 2025 to Mar 18, 2026
Employees · 9 to 8
Jun 16, 2025 to Mar 18, 2026
State-registered IARs · 8 to 7
Jun 16, 2025 to Mar 18, 2026
Other offices · 5 to 4
Jun 16, 2025 to Mar 18, 2026
Discretionary RAUM · $310M to $335M
Jun 16, 2025 to Mar 18, 2026
HNW RAUM · $202M to $234M
Jun 16, 2025 to Mar 18, 2026
Individual RAUM · $83.3M to $73.5M
Jun 16, 2025 to Mar 18, 2026
Non-discretionary RAUM · $4.4M to $4.7M
Jun 16, 2025 to Mar 18, 2026
Pension RAUM · $26.1M to $27.7M
Jun 16, 2025 to Mar 18, 2026
RAUM · $314M to $340M
Jun 16, 2025 to Mar 18, 2026
Financial planning clients · 1-10 to 1-10
Mar 31, 2025 to Jun 16, 2025
Other offices · 4 to 5
Mar 31, 2025 to Jun 16, 2025
Accounts · 890 to 845
Apr 1, 2024 to Mar 31, 2025
Corporate clients · 6.0 to unset
Apr 1, 2024 to Mar 31, 2025
HNW clients · 96 to 98
Apr 1, 2024 to Mar 31, 2025
Individual clients · 253 to 237
Apr 1, 2024 to Mar 31, 2025
Pension plan clients · 10 to 9
Apr 1, 2024 to Mar 31, 2025
Assets in custody · unset to 275928657.0
Apr 1, 2024 to Mar 31, 2025
Custody of client assets · false to true
Apr 1, 2024 to Mar 31, 2025
Other offices · 1 to 4
Apr 1, 2024 to Mar 31, 2025
Discretionary RAUM · $306M to $310M
Apr 1, 2024 to Mar 31, 2025
HNW RAUM · $191M to $202M
Apr 1, 2024 to Mar 31, 2025
Individual RAUM · $89.6M to $83.3M
Apr 1, 2024 to Mar 31, 2025
Non-discretionary RAUM · $8.2M to $4.4M
Apr 1, 2024 to Mar 31, 2025
Pension RAUM · $25.0M to $26.1M
Apr 1, 2024 to Mar 31, 2025
RAUM · $314M to $314M
Apr 1, 2024 to Mar 31, 2025
Individual RAUM · $89.6M to $89.6M
Mar 29, 2024 to Apr 1, 2024
Non-discretionary RAUM · $8.2M to $8.2M
Mar 29, 2024 to Apr 1, 2024
RAUM · $314M to $314M
Mar 29, 2024 to Apr 1, 2024
Accounts · 800 to 890
Nov 24, 2023 to Mar 29, 2024
Advisory employees · 7 to 8
Nov 24, 2023 to Mar 29, 2024
Corporate clients · unset to 6.0
Nov 24, 2023 to Mar 29, 2024
HNW clients · 91 to 96
Nov 24, 2023 to Mar 29, 2024
Individual clients · 219 to 253
Nov 24, 2023 to Mar 29, 2024

Signals

1 dated events

Aza Capital Management reported RAUM $285.1M, up 55% from $184.0M (2019-03-26 to 2019-11-25)
Nov 25, 2019 · 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: 312-429-0880reportedpublished by the firm, firm site, Sep 16, 2026
Business phone: 312-546-8011reportedpublished by the firm, firm site, Sep 16, 2026
Business phone: 616-748-7977reportedpublished by the firm, firm site, Sep 16, 2026
Firm profile: LINKEDIN.COM/COMPANY/AZA-CAPITAL-MANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
Website: AZACAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: 312-429-0880reportedpublic record, Form ADV, Mar 18, 2026
Contact form: AZACAPITAL.COM/contactreportedpublished by the firm, firm site, Sep 16, 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: $48.5Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026

Across the graphs

Aza Capital Management is the same institution as 1 record in Real Estate Funds.

Real Estate Funds1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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