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.
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SEC-registered adviser
M••••• P••••• A•••• M••••••••• L••
Latest filing Jul 1, 2026
First filing on the tape Jan 26, 2012 · 23 filings
SEC status approved since Mar 24, 2000
RAUM
$640M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
96%
$617M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$213M
derived; firm RAUM over IAPD count
Employees
8
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$640M as of Jul 1, 2026
Jan 26, 2012$240M then
HNW client RAUM$608M as of Jul 1, 2026
Jan 26, 2018$295M then
State-registered IARs (5.B.3)3 as of Jul 1, 2026
Jan 26, 20120 then
Employees (5.A)8 as of Jul 1, 2026
Jan 29, 20136 then
Private funds: no history
RAUM +11% over the last fiscal year+7.1% a year over threeIARs 4 to 3
Practice profile
derived from the filing of Jul 1, 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
- $213MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 38derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $6.8MderivedHNW RAUM over HNW clients
- Average account
- $2.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 3.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.7derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +11%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -63%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individualsreportedItem 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
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$608M95%
- Charitable organizations$20.7M3.2%
- Individuals$9.0M1.4%
- Corporations and businesses$2.4M0.4%
- Individual clients
- 24reported
- HNW clients
- 89reported
- Pension plan clients
- 0reported
- Charitable clients
- n/areported
- Accounts
- 320reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.96 fund_share=0.0 institutional_share=0.03 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 |
|---|---|---|---|---|
| T••••• O••• P••••• | Eden Prairie, Mn | Jan 13, 2014 | 24 y | 0 |
| J••• M•••••• M•••••Chartered Financial Analyst | Eden Prairie, Mn | Jan 13, 2014 | 37 y | 0 |
| Z•••••• F•••••• W•••••• | Eden Prairie, Mn | Feb 12, 2020 | 12 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
- S••••••• L••• T•••• to M•••• G•••• W••••• M••••••••• I•••Nov 14, 2018 · RIA to RIA
Joined, latest
- Z•••••• F•••••• W•••••• from A••••••••• F•••••••• S•••••••• L••Feb 12, 2020 · Affiliated broker-dealer or bank to independent RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B••••• A••••• J•••••• · Chief Compliance Officer, President, Investment Adviser Representative And Membercontrolsince 01/2023 · owns 10% to 25%
- M•••••• J•••• M•••••• · Investment Adviser Representative And Membercontrolsince 01/2000 · owns 50% to 75%
- P•••••• T•••••• O••• · Treasurer, Investment Adviser Representative And Membercontrolsince 02/2002 · owns 25% to 50%
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 |
|---|---|---|---|---|---|
| Eden Prairie, 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
- clients down average size upCombination · filing Jan 30, 2026private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $577,862,485 to $639,715,952, advisors 4 to 4, private clients 304 to 113, offices 0 to 0 (2025-01-31 to 2026-01-30)peers: independent wealth managers, $500M to $1B (1,482)
- client count collapseChange between filings · filing Jan 30, 2026individual and HNW clients (Item 5.D) moved from 304.0 to 113.0 (-63.0%) between the annual amendments of 2025-01-31 and 2026-01-30; the peer median change was +5.0% (1216 comparable advisers, 1.0th percentile of changes)peers: independent wealth managers, $500M to $1B (1,216) · 0.9% percentile
What changed
consecutive filings, newest first
- Advisory employees · 7 to 8May 1, 2026 to Jul 1, 2026
- Employees · 7 to 8May 1, 2026 to Jul 1, 2026
- State-registered IARs · 4 to 3May 1, 2026 to Jul 1, 2026
- Accounts · 309 to 320Jan 31, 2025 to Jan 30, 2026
- Advisory employees · 8 to 7Jan 31, 2025 to Jan 30, 2026
- HNW clients · 268 to 89Jan 31, 2025 to Jan 30, 2026
- Individual clients · 36 to 24Jan 31, 2025 to Jan 30, 2026
- Employees · 8 to 7Jan 31, 2025 to Jan 30, 2026
- Discretionary RAUM · $578M to $640MJan 31, 2025 to Jan 30, 2026
- HNW RAUM · $549M to $608MJan 31, 2025 to Jan 30, 2026
- Individual RAUM · $9.2M to $9.0MJan 31, 2025 to Jan 30, 2026
- Non-discretionary RAUM · $39,940 to $48,030Jan 31, 2025 to Jan 30, 2026
- RAUM · $578M to $640MJan 31, 2025 to Jan 30, 2026
- Accounts · 297 to 309Oct 23, 2024 to Jan 31, 2025
- Advisory employees · 9 to 8Oct 23, 2024 to Jan 31, 2025
- HNW clients · 257 to 268Oct 23, 2024 to Jan 31, 2025
- Individual clients · 35 to 36Oct 23, 2024 to Jan 31, 2025
- Employees · 9 to 8Oct 23, 2024 to Jan 31, 2025
- Financial planning clients · unset to Oct 23, 2024 to Jan 31, 2025
- Discretionary RAUM · $560M to $578MOct 23, 2024 to Jan 31, 2025
- HNW RAUM · $533M to $549MOct 23, 2024 to Jan 31, 2025
- Individual RAUM · $8.8M to $9.2MOct 23, 2024 to Jan 31, 2025
- Non-discretionary RAUM · $1.1M to $39,940Oct 23, 2024 to Jan 31, 2025
- RAUM · $561M to $578MOct 23, 2024 to Jan 31, 2025
- Accounts · 300 to 297Mar 13, 2023 to Jan 31, 2024
- HNW clients · 256 to 257Mar 13, 2023 to Jan 31, 2024
- Individual clients · 39 to 35Mar 13, 2023 to Jan 31, 2024
- Discretionary RAUM · $520M to $560MMar 13, 2023 to Jan 31, 2024
- HNW RAUM · $498M to $533MMar 13, 2023 to Jan 31, 2024
- Individual RAUM · $8.7M to $8.8MMar 13, 2023 to Jan 31, 2024
- Non-discretionary RAUM · $990,916 to $1.1MMar 13, 2023 to Jan 31, 2024
- RAUM · $521M to $561MMar 13, 2023 to Jan 31, 2024
- Accounts · 290 to 300Jan 28, 2022 to Jan 31, 2023
- Advisory employees · 7 to 9Jan 28, 2022 to Jan 31, 2023
- HNW clients · 258 to 256Jan 28, 2022 to Jan 31, 2023
- Individual clients · 27 to 39Jan 28, 2022 to Jan 31, 2023
- Employees · 7 to 9Jan 28, 2022 to Jan 31, 2023
- Discretionary RAUM · $515M to $520MJan 28, 2022 to Jan 31, 2023
- HNW RAUM · $498M to $498MJan 28, 2022 to Jan 31, 2023
- Individual RAUM · $4.5M to $8.7MJan 28, 2022 to Jan 31, 2023
Signals
1 dated events
- Aaron Banke (Chief Operating Officer) appeared on Schedule A of M••••• P••••• A•••• M••••••••• L••Jan 30, 2020 · Control person joined · fact
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
- kpraschak@murphyllc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- mpam@murphyllc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- mreddan@murphyllc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- sfriederichs@murphyllc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 952-948-2300reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 952-948-2301reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 952-948-2303reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 952-948-2300reportedpublic record, Form ADV, Jul 1, 2026
- Team page
- MURPHYLLC.COM/meet-the-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
- $213Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026