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
Frontier Asset Management, LLC
Latest filing Aug 27, 2026
First filing on the tape Mar 22, 2012 · 26 filings
SEC status approved since Mar 9, 2001
RAUM
$5.5B
reported, Item 5.F
Discretionary
25%
of RAUM
Private clients
21%
$1.1B individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$610M
derived; firm RAUM over IAPD count
Employees
42
16 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$5.5B as of Aug 27, 2026
Mar 22, 2012$824M then
HNW client RAUM$600M as of Aug 27, 2026
Mar 27, 2018$527M then
State-registered IARs (5.B.3)11 as of Aug 27, 2026
Feb 22, 20133 then
Employees (5.A)42 as of Aug 27, 2026
Feb 22, 201313 then
Private funds: no history
RAUM +2.7% over the last fiscal year-2.6% a year over threeIARs 13 to 11offices 2 to 1
Practice profile
derived from the filing of Aug 27, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- RAUM per advisor
- $549MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 312derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $991,371derivedHNW RAUM over HNW clients
- Average account
- $1.7MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 25%derivedof RAUM
- Institutional
- 2.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.2derivedItem 5.A over advisors
- Advisors per office
- 5.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +2.7%derivedbetween the last two annual amendments
- Advisor growth, one year
- -15%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -8.2%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Other investment advisers$3.9B71%
- High-net-worth individuals$600M11%
- Individuals$538M9.8%
- Investment companies$268M4.9%
- Charitable organizations$119M2.2%
- Pension and profit-sharing plans$26.2M0.5%
- Corporations and businesses$20.3M0.4%
- Individual clients
- 2,510reported
- HNW clients
- 605reported
- Pension plan clients
- 42reported
- Charitable clients
- 18reported
- Accounts
- 3,272reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.21 fund_share=0.76 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
10 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Robert E MillerChartered Financial Analyst | Sheridan, Wy | Sep 25, 2017 | 25 y | 0 |
| Erin Marie FooteCertified Financial Planner | Sheridan, Wy | Sep 25, 2017 | 24 y | 0 |
| Brenda Leeann Jacobs | Sheridan, Wy | Sep 25, 2017 | 18 y | 0 |
| Alison Meacham | Sheridan, Wy | Sep 26, 2017 | 12 y | 0 |
| James Dale ShellenbergerCertified Financial Planner, Chartered Financial Analyst | Sheridan, Wy | Nov 22, 2017 | 11 y | 0 |
| Jessica Laine Griner | Sheridan, Wy | Feb 22, 2019 | 12 y | 2 |
| Clifford William StantonChartered Financial Analyst | Denver, Co | Feb 4, 2020 | 33 y | 3 |
| Frank Lloyd PapeChartered Financial Analyst | Sheridan, Wy | Mar 28, 2023 | 22 y | 1 |
| Wesley Wade Beavers | Sheridan, Wy | Nov 12, 2025 | 12 y | 1 |
| John Charles Saunders | Bethesda, Md | Sep 14, 2026 | 30 y | 1 |
Advisor movement
2 left, 2 joined in 12 months
net 0 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 22% of current headcount3 left over 36 months
Left, latest
- Robert Michael Johnson to Elevate Wealth ManagementNov 19, 2025 · RIA to a newly registered adviser
- Jonathan Forbes Fecko to Elevate Wealth ManagementNov 19, 2025 · RIA to a newly registered adviser
- David Stephen Ulm to Dai Wealth, LLCMar 4, 2025 · RIA to RIA
- Catherine Smith Teichert to Forty North WealthJan 19, 2023 · RIA to RIA
- Logan Verner to Thrivent Investment Management Inc.Aug 27, 2021 · RIA to affiliated broker-dealer or bank
Joined, latest
- John Charles Saunders from PotomacSep 14, 2026 · Other
- Wesley Wade Beavers from Harfst And Associates, Inc.Nov 12, 2025 · RIA to RIA
- Jonathan Forbes Fecko from PotomacMar 16, 2025 · Other
- Frank Lloyd Pape from Russell InvestmentsMar 28, 2023 · Other
- Clifford William Stanton from 361 Capital LLCFeb 4, 2020 · Other
- Jessica Laine Griner from Lindner Capital Advisors, Inc.Feb 22, 2019 · RIA to RIA
- David Stephen Ulm from Cedar Capital, LLCMar 1, 2018 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for Elevate Wealth ManagementNov 19, 2025 · Sheridan, Wy
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Joseph Daniel Cupertino · Director Of Salescontrolsince 12/2019 · owns less than 5%
- Amanda Jenna Fiorito · Director Of Marketingcontrolsince 01/2023 · owns less than 5%
- Marie Erin Foote · Chief Compliance Officer And Director Of Operationscontrolsince 01/2017 · owns less than 5%
- Austin Gary Miller · Foundercontrolsince 09/2000 · owns 50% to 75%
- E Robert Miller · Ceocontrolsince 11/2002 · owns 10% to 25%
- Lloyd Frank Pape · Director Of Strategiescontrolsince 07/2023 · owns less than 5%
- William Clifford Stanton · Director Of Investmentscontrolsince 10/2022 · owns less than 5%
- Geremy Vanarkel · Director Of Strategiescontrolsince 11/2002 · 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 |
|---|---|---|---|---|---|
| Sheridan, Wy · principal | 9 | 1 | 2 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Glendale, CO4 employees
- Atlanta, GA1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Aug 27, 2026PAPE, FRANK, LLOYD (DIRECTOR OF STRATEGIES) left Schedule A between the filings of 2024-03-19 and 2026-08-27peers: independent wealth managers, $5B to $20B (289)
- account count collapseChange between filings · filing Mar 23, 2026accounts (Item 5.F.2.f) moved from 33,513.0 to 3,272.0 (-90.0%) between the annual amendments of 2025-02-21 and 2026-03-23; the peer median change was +8.0% (253 comparable advisers, 0.0th percentile of changes)peers: independent wealth managers, $5B to $20B (253) · 0.0% percentile
What changed
consecutive filings, newest first
- Other offices · 2 to 1Mar 23, 2026 to Aug 27, 2026
- Accounts · 3,525 to 3,272Oct 30, 2025 to Mar 23, 2026
- Charity clients · 17 to 18Oct 30, 2025 to Mar 23, 2026
- HNW clients · 658 to 605Oct 30, 2025 to Mar 23, 2026
- Individual clients · 2,737 to 2,510Oct 30, 2025 to Mar 23, 2026
- Pension plan clients · 51 to 42Oct 30, 2025 to Mar 23, 2026
- Pooled vehicle clients · 6.0 to unsetOct 30, 2025 to Mar 23, 2026
- Financial planning clients · 101-250 to 0Oct 30, 2025 to Mar 23, 2026
- Discretionary RAUM · $1.4B to $1.4BOct 30, 2025 to Mar 23, 2026
- HNW RAUM · $634M to $600MOct 30, 2025 to Mar 23, 2026
- Individual RAUM · $646M to $538MOct 30, 2025 to Mar 23, 2026
- Non-discretionary RAUM · $4.0B to $4.1BOct 30, 2025 to Mar 23, 2026
- Pension RAUM · $33.3M to $26.2MOct 30, 2025 to Mar 23, 2026
- Pooled vehicle RAUM · 0.0 to unsetOct 30, 2025 to Mar 23, 2026
- RAUM · $5.3B to $5.5BOct 30, 2025 to Mar 23, 2026
- Accounts · 33,513 to 3,525Feb 21, 2025 to Oct 30, 2025
- Employees · 47 to 42Feb 21, 2025 to Oct 30, 2025
- State-registered IARs · 13 to 11Feb 21, 2025 to Oct 30, 2025
- Related adviser · false to trueFeb 21, 2025 to Oct 30, 2025
- Accounts · 3,671 to 33,513Dec 20, 2024 to Feb 21, 2025
- Advisory employees · 17 to 16Dec 20, 2024 to Feb 21, 2025
- Charity clients · 12 to 17Dec 20, 2024 to Feb 21, 2025
- Corporate clients · 42 to 39Dec 20, 2024 to Feb 21, 2025
- HNW clients · 701 to 658Dec 20, 2024 to Feb 21, 2025
- Individual clients · 2,838 to 2,737Dec 20, 2024 to Feb 21, 2025
- Pension plan clients · 63 to 51Dec 20, 2024 to Feb 21, 2025
- Employees · 54 to 47Dec 20, 2024 to Feb 21, 2025
- Financial planning clients · 101-250 to 101-250Dec 20, 2024 to Feb 21, 2025
- State-registered IARs · 14 to 13Dec 20, 2024 to Feb 21, 2025
- Discretionary RAUM · $1.3B to $1.4BDec 20, 2024 to Feb 21, 2025
- HNW RAUM · $605M to $634MDec 20, 2024 to Feb 21, 2025
- Individual RAUM · $647M to $646MDec 20, 2024 to Feb 21, 2025
- Non-discretionary RAUM · $4.4B to $4.0BDec 20, 2024 to Feb 21, 2025
- Pension RAUM · $31.8M to $33.3MDec 20, 2024 to Feb 21, 2025
- RAUM · $5.7B to $5.3BDec 20, 2024 to Feb 21, 2025
- Advisory activities · 4 to 5Mar 19, 2024 to Dec 20, 2024
- Pooled vehicle clients · unset to 6.0Mar 19, 2024 to Dec 20, 2024
- Pooled vehicle RAUM · unset to 0.0Mar 19, 2024 to Dec 20, 2024
- Accounts · 4,289 to 3,671Mar 30, 2023 to Mar 19, 2024
- Advisory employees · 15 to 17Mar 30, 2023 to Mar 19, 2024
Signals
13 dated events
- John Charles Saunders registered as an investment adviser representative at Frontier Asset Management, LlcSep 14, 2026 · Advisor registered · fact
- Jonathan Forbes Fecko left Frontier Asset Management, Llc for Elevate Wealth Management (registered 2025-08-06)Nov 19, 2025 · Advisor changed firm · fact
- Robert Michael Johnson left Frontier Asset Management, Llc for Elevate Wealth Management (registered 2025-08-06)Nov 19, 2025 · Advisor changed firm · fact
- 2 advisors left Frontier Asset Management, LLC (Sheridan, WY) for Elevate Wealth Management on the same dayNov 19, 2025 · Team lift-out · derived
- David Stephen Ulm left Frontier Asset Management, Llc for Dai Wealth, Llc (registered 2025-01-27)Mar 4, 2025 · Advisor changed firm · fact
- William Clifford Stanton (Director Of Investments) appeared on Schedule A of Frontier Asset Management, LlcMar 19, 2024 · Control person joined · fact
- Amanda Jenna Fiorito (Director Of Marketing) appeared on Schedule A of Frontier Asset Management, LlcMar 19, 2024 · Control person joined · fact
- Lloyd Frank Pape (Director Of Strategies) appeared on Schedule A of Frontier Asset Management, LlcMar 19, 2024 · Control person joined · fact
- Smith Catherine Teichert (Chief Compliance Officer) no longer on Schedule A of Frontier Asset Management, Llc (listed 2022-03-29, absent 2023-01-30)Jan 30, 2023 · Control person left · inference
- Catherine Smith Teichert left Frontier Asset Management, Llc for Forty North Wealth (registered 2024-03-08)Jan 19, 2023 · Advisor changed firm · fact
- Frontier Asset Management, Llc reported RAUM $5.0B, up 50% from $3.4B (2019-02-26 to 2020-03-24)Mar 24, 2020 · RAUM change · derived
- Joseph Daniel Cupertino (Principal And National Sales Director) appeared on Schedule A of Frontier Asset Management, LlcMar 24, 2020 · Control person joined · fact
- Frontier Asset Management, Llc reported RAUM $3.2B, up 39% from $2.3B (2017-07-05 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
- 866-326-3837reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/frontier-asset-management/mycompany/verreportedpublic record, Form ADV, Sep 17, 2026
- Website
- funds.frontierasset.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 307-673-5675reportedpublic record, Form ADV, Aug 27, 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $610Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026