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
Oarsman Capital, Inc
Latest filing Sep 8, 2026
First filing on the tape Mar 29, 2012 · 41 filings
SEC status approved since Mar 15, 2002
RAUM
$1.2B
reported, Item 5.F
Discretionary
95%
of RAUM
Private clients
99%
$1.2B individuals and HNW
Advisors
14
registered through the firm on IAPD
RAUM per advisor
$83.4M
derived; firm RAUM over IAPD count
Employees
21
13 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
41 filings and snapshots on the tape
RAUM$1.2B as of May 22, 2026
Mar 29, 2012$167M then
HNW client RAUM$1.0B as of May 22, 2026
Mar 28, 2018$249M then
State-registered IARs (5.B.3)13 as of May 22, 2026
Mar 26, 20139 then
Employees (5.A)21 as of May 22, 2026
Mar 26, 20139 then
Private funds: no history
RAUM +26% over the last fiscal year+38% a year over threeIARs 13 to 13
Practice profile
derived from the filing of Sep 8, 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
- 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
- RAUM per advisor
- $83.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 48derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.9MderivedHNW RAUM over HNW clients
- Average account
- $517,285derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 95%derivedof RAUM
- Institutional
- 0.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 7.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +26%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +3.2%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
- Custody
- $41.1M, 24 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$1.0B89%
- Individuals$121M10%
- Charitable organizations$5.1M0.4%
- Pension and profit-sharing plans$715,9160.1%
- Corporations and businesses$451,3960.0%
- Individual clients
- 314reported
- HNW clients
- 356reported
- Pension plan clients
- n/areported
- Charitable clients
- 6reported
- Accounts
- 2,256reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $41.1M for 24 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.0 related_bd= related_bank= bd_reps=0.0derived
Advisors registered through the firm
14 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Robert Wylie Phelps | Milwaukee, Wi | Sep 14, 2000 | 31 y | 0 |
| Brent Victor Schneider | Milwaukee, Wi | Oct 13, 2004 | 35 y | 1 |
| Benjamin Jerome Kebbekus | Milwaukee, Wi | Mar 3, 2005 | 27 y | 0 |
| Peter Scott Lautmann | Milwaukee, Wi | Jul 31, 2015 | 36 y | 1 |
| Eric James Suttmiller | Milwaukee, Wi | Aug 30, 2021 | 17 y | 0 |
| Derek Joseph Pawlak | Milwaukee, Wi | Sep 21, 2022 | 30 y | 4 |
| Peter Francis Schumacher | Milwaukee, Wi | Nov 10, 2022 | 35 y | 2 |
| Jaclyn Ariella Gruber | Milwaukee, Wi | Jan 26, 2023 | 12 y | 2 |
| Charles Allard AllisonCertified Financial Planner, Chartered Financial Consultant | Milwaukee, Wi | Jan 26, 2023 | 14 y | 3 |
| Kurt Mihelich | Milwaukee, Wi | Jun 12, 2024 | 30 y | 5 |
| Joshua R Bruckert | Milwaukee, Wi | Aug 8, 2024 | 16 y | 0 |
| Tyler Steven Skutnik | Milwaukee, Wi | Aug 31, 2024 | 13 y | 0 |
| Jacob Robert SheafChartered Financial Consultant | Milwaukee, Wi | Jan 15, 2026 | 13 y | 2 |
| Carter Abbott | Milwaukee, Wi | May 8, 2026 | 11 y | 0 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- David James Lardinois to Osaic Advisory Services, LLCDec 31, 2020 · RIA to affiliated broker-dealer or bank
- Gerald Wayne Nackers to Eagle One Investments, LLCDec 31, 2020 · Other
- Matthew William Klewer to Eagle One Investments, LLCDec 31, 2020 · Other
- Scott Louis Hefle to Osaic Advisory Services, LLCDec 31, 2020 · RIA to affiliated broker-dealer or bank
- Sally Mcvey to Fidelity Personal And Workplace AdvisorsOct 21, 2020 · RIA to affiliated broker-dealer or bank
- Patrick Timothy Rusch to Vanguard Advisers, Inc.Jun 11, 2015 · Other
- John Richard Olk to North Shore Investment Advisors, LLCAug 5, 2013 · Other
- Ameet Laxman Kamath to Capital Investment Services Of America IncAug 3, 2002 · Other
Joined, latest
- Jacob Robert Sheaf from Landaas & CompanyJan 15, 2026 · RIA to RIA
- Kurt Mihelich from Global Retirement Partners LLCJun 12, 2024 · Other
- Charles Allard Allison from Johnson Wealth Inc.Jan 26, 2023 · RIA to RIA
- Jaclyn Ariella Gruber from Johnson Wealth Inc.Jan 26, 2023 · RIA to RIA
- Peter Francis Schumacher from Johnson Wealth Inc.Nov 10, 2022 · RIA to RIA
- Derek Joseph Pawlak from Geneva Capital Management LLCSep 21, 2022 · RIA to RIA
- David James Lardinois from Thrivent Investment Management Inc.Feb 3, 2020 · Affiliated broker-dealer or bank to independent RIA
- Scott Louis Hefle from First Midamerica Investment CorporationAug 7, 2019 · Other
- Sally Mcvey from Edward JonesJan 23, 2018 · Other
- Peter Scott Lautmann from Klcm Advisors, Inc.Jul 31, 2015 · Other
- Patrick Timothy Rusch from New England Securities CorporationJan 9, 2014 · Other
- John Richard Olk from Eagle One Investments, LLCFeb 28, 2012 · Other
- Matthew William Klewer from Waterstone Financial Group, Inc.Feb 3, 2011 · Other
- Gerald Wayne Nackers from Nackers & Associates, Inc.Dec 18, 2008 · Other
- Brent Victor Schneider from Forward Investment Advisors, Inc.Oct 13, 2004 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for Osaic Advisory Services, LLCDec 31, 2020 · Milwaukee, Wi
- 2 left for Eagle One Investments, LLCDec 31, 2020 · Brookfield, Wi
- 2 joined from Johnson Wealth Inc.Nov 15, 2022 · Milwaukee, Wi
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Jerome Benjamin Kebbekus · Vice Presidentcontrolsince 01/2021 · owns 10% to 25%
- Joseph Derek Pawlak · Vice Presidentcontrolsince 09/2023 · owns 10% to 25%
- Wylie Robert Phelps · Presidentcontrolsince 09/2000 · owns 10% to 25%
- Allard Charles Allison · Chuck A. Allison, Trusteecontrolsince 04/2024 · owns F of Allison Family Trust
- Joseph Michael Cleary · Michael J. Cleary, Trusteecontrolsince 08/2023 · owns F of Michael J. Cleary Living Trust
- Leslie Robert Warner · Robert L. Warner, Trusteecontrolsince 07/2024 · owns F of Warner Living Trust
- Ariella Jaclyn Gruber · Shareholdersince 04/2024 · owns 10% to 25%
- William Paul Grunau · Shareholdersince 08/2023 · owns 5% to 10%
- Marie Jeanie Hartgrunau · Shareholdersince 08/2023 · owns 5% to 10%
- James Randy Heinig · Chief Compliance Officersince 01/2026 · owns less than 5%
- Seal Dana Schumacher · Shareholdersince 09/2023 · owns 5% to 10%
- Francis Peter Schumacher · Shareholdersince 08/2023 · owns 5% to 10%
- James Eric Suttmiller · Shareholdersince 10/2025 · owns 5% to 10%
Entity owners
- Allison Family Trust · Shareholderdirect · owns 5% to 10%
- Michael J. Cleary Living Trust · Shareholderdirect · owns 5% to 10%
- Warner Living Trust · Shareholderdirect · owns 5% to 10%
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 |
|---|---|---|---|---|---|
| Milwaukee, Wi · principal | 14 | 2 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Prairie Du Sac, WI1 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Sep 8, 2026WARNER, ROBERT, LESLIE (ROBERT L. WARNER, TRUSTEE) left Schedule A between the filings of 2024-08-12 and 2026-09-08peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Sep 8, 2026CLEARY, MICHAEL, JOSEPH (MICHAEL J. CLEARY, TRUSTEE) left Schedule A between the filings of 2024-08-12 and 2026-09-08peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Sep 8, 2026ALLISON, CHARLES, ALLARD (CHUCK A. ALLISON, TRUSTEE) left Schedule A between the filings of 2024-08-12 and 2026-09-08peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
- Financial planning clients · 251-500 to 251-500May 22, 2026 to Sep 8, 2026
- Related adviser · false to unsetMay 22, 2026 to Sep 8, 2026
- Related bank · false to unsetMay 22, 2026 to Sep 8, 2026
- Related broker-dealer · false to unsetMay 22, 2026 to Sep 8, 2026
- Related insurance company · false to unsetMay 22, 2026 to Sep 8, 2026
- Succession · false to unsetMay 22, 2026 to Sep 8, 2026
- Accounts · 1,872 to 2,256Jan 30, 2026 to Mar 20, 2026
- Individual clients · 293 to 314Jan 30, 2026 to Mar 20, 2026
- Assets in custody · $4.2M to $41.1MJan 30, 2026 to Mar 20, 2026
- Discretionary RAUM · $869M to $1.1BJan 30, 2026 to Mar 20, 2026
- HNW RAUM · $821M to $1.0BJan 30, 2026 to Mar 20, 2026
- Individual RAUM · $99.4M to $121MJan 30, 2026 to Mar 20, 2026
- Non-discretionary RAUM · $58.1M to $53.0MJan 30, 2026 to Mar 20, 2026
- Pension RAUM · $626,014 to $715,916Jan 30, 2026 to Mar 20, 2026
- RAUM · $927M to $1.2BJan 30, 2026 to Mar 20, 2026
- Accounts · 1,628 to 1,872Aug 12, 2024 to Mar 31, 2025
- Advisory employees · 10 to 13Aug 12, 2024 to Mar 31, 2025
- HNW clients · 271 to 356Aug 12, 2024 to Mar 31, 2025
- Individual clients · 281 to 293Aug 12, 2024 to Mar 31, 2025
- Assets in custody · $131M to $4.2MAug 12, 2024 to Mar 31, 2025
- Employees · 14 to 21Aug 12, 2024 to Mar 31, 2025
- Financial planning clients · 101-250 to 251-500Aug 12, 2024 to Mar 31, 2025
- State-registered IARs · 10 to 13Aug 12, 2024 to Mar 31, 2025
- Discretionary RAUM · $698M to $869MAug 12, 2024 to Mar 31, 2025
- HNW RAUM · $604M to $821MAug 12, 2024 to Mar 31, 2025
- Individual RAUM · $91.8M to $99.4MAug 12, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $5.3M to $58.1MAug 12, 2024 to Mar 31, 2025
- Pension RAUM · $578,605 to $626,014Aug 12, 2024 to Mar 31, 2025
- RAUM · $703M to $927MAug 12, 2024 to Mar 31, 2025
- Accounts · 1,457 to 1,628Sep 25, 2023 to Mar 31, 2024
- Advisory employees · 9 to 10Sep 25, 2023 to Mar 31, 2024
- Advisory activities · 3 to 4Sep 25, 2023 to Mar 31, 2024
- HNW clients · 178 to 271Sep 25, 2023 to Mar 31, 2024
- Individual clients · 307 to 281Sep 25, 2023 to Mar 31, 2024
- Assets in custody · unset to 131284301.0Sep 25, 2023 to Mar 31, 2024
- Custody of client assets · false to trueSep 25, 2023 to Mar 31, 2024
- Employees · 9 to 14Sep 25, 2023 to Mar 31, 2024
- State-registered IARs · 8 to 10Sep 25, 2023 to Mar 31, 2024
- Other offices · 2 to 1Sep 25, 2023 to Mar 31, 2024
- Discretionary RAUM · $439M to $698MSep 25, 2023 to Mar 31, 2024
Signals
11 dated events
- Oarsman Capital, Inc reported RAUM $1.2B, up 26% from $926.8M (2026-01-30 to 2026-03-20)Mar 20, 2026 · RAUM change · derived
- Oarsman Capital, Inc reported RAUM $926.8M, up 32% from $703.3M (2024-08-12 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- Allard Charles Allison (Chuck A. Allison, Trustee) appeared on Schedule A of Oarsman Capital, IncAug 12, 2024 · Control person joined · fact
- Leslie Robert Warner (Robert L. Warner, Trustee) appeared on Schedule A of Oarsman Capital, IncAug 12, 2024 · Control person joined · fact
- Oarsman Capital, Inc reported RAUM $703.3M, up 60% from $440.0M (2023-09-25 to 2024-03-31)Mar 31, 2024 · RAUM change · derived
- Joseph Michael Cleary (Michael J. Cleary, Trustee) appeared on Schedule A of Oarsman Capital, IncMar 31, 2024 · Control person joined · fact
- Lawrence Alan Purintun (Vice President And Chief Compliance Officer) no longer on Schedule A of Oarsman Capital, Inc (listed 2023-03-24, absent 2023-09-22)Sep 22, 2023 · Control person left · inference
- Joseph Derek Pawlak (Vice President And Chief Compliance Officer) appeared on Schedule A of Oarsman Capital, IncSep 22, 2023 · Control person joined · fact
- 2 advisors left Johnson Wealth Inc. (Milwaukee, WI) for Oarsman Capital, Inc on the same dayNov 15, 2022 · Team lift-out · derived
- Jerome Benjamin Kebbekus (Director Of Research) appeared on Schedule A of Oarsman Capital, IncMar 31, 2021 · Control person joined · fact
- Wayne Gerald Nackers (Owner) no longer on Schedule A of Oarsman Capital, Inc (listed 2021-01-29, absent 2021-02-01)Feb 1, 2021 · Control person left · inference
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
- info@oarsman.netreportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 414-221-0081reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 608-445-6762reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- linkedin.com/company/lrc-aviationreportedpublic record, Form ADV, Sep 17, 2026
- Firm profile
- linkedin.com/company/oarsman-capital-increportedpublic record, Form ADV, Sep 17, 2026
- Website
- oarsman.netreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 414-221-0081reportedpublic record, Form ADV, Sep 8, 2026
- Contact form
- oarsman.net/contactreportedpublished by the firm, firm site, Sep 17, 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
- $83.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026