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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Former SEC-registered adviser

P•••••• C•••••• M••••••••• I••

Former SEC-registered adviserBurnsville, MinnesotaCRD 110108SEC 801-56728IAPD
Latest filing Mar 14, 2019
First filing on the tape Mar 28, 2012 · 8 filings
RAUM
$412M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$412M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$412M as of Mar 14, 2019
Mar 28, 2012$754M then
HNW client RAUM$412M as of Mar 14, 2019
Mar 23, 2018$409M then
State-registered IARs (5.B.3)0 as of Mar 14, 2019
Mar 28, 20120 then
Employees (5.A)6 as of Mar 14, 2019
Mar 27, 20139 then
Private funds5 as of Mar 24, 2014
Mar 28, 20127 then
RAUM +0.6% over the last fiscal year-17% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 14, 2019; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$58.8MderivedHNW RAUM over HNW clients
Average account
$29.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+0.6%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourly, otherreportedItem 5.E
Advisory activities
portfolio management for individualsreportedItem 5.G
Custody
$396M, 6 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$412M100%
Individual clients
n/areported
HNW clients
7reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
14reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$396M for 6 clientsreported
Compensation
% of AUM, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      7 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      P•• C••••••••• L••no longer reportedPrivate Equity Fund$101M58Mar 28, 2012
      P•••••••• I••••••••• C••••••• L••no longer reportedPrivate Equity Fund$24.2M38Mar 28, 2012
      S••• P•••••••• L••no longer reportedPrivate Equity Fund$18.9M53Mar 28, 2012
      A••••••• W•• T••••••••• L••no longer reportedPrivate Equity Fund$16.3M44Mar 28, 2012
      B• I••••••••• C••••••• L••no longer reportedPrivate Equity Fund$13.7M39Mar 28, 2012
      R••••••• P••••••• S•••••••• L••no longer reportedPrivate Equity Fund$13.6M39Mar 28, 2012
      M••••• E••••••• I••••••••• C••••••• L••no longer reportedPrivate Equity Fund$1.3M11Mar 28, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • P•••••••• W••••••• C••• · Chairman, Chief Executive Officercontrol
        since 01/1999 · owns 50% to 75%
      • R••••••••• C•••••• G••••••• · Chief Compliance Officercontrol
        since 01/1999 · owns 50% to 75%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 17 to 14
        Mar 23, 2018 to Mar 14, 2019
      • HNW clients · 6 to 7
        Mar 23, 2018 to Mar 14, 2019
      • Assets in custody · $409M to $396M
        Mar 23, 2018 to Mar 14, 2019
      • Discretionary RAUM · $409M to $412M
        Mar 23, 2018 to Mar 14, 2019
      • HNW RAUM · $409M to $412M
        Mar 23, 2018 to Mar 14, 2019
      • RAUM · $409M to $412M
        Mar 23, 2018 to Mar 14, 2019
      • HNW clients · unset to 6.0
        Mar 22, 2017 to Mar 23, 2018
      • Assets in custody · $406M to $409M
        Mar 22, 2017 to Mar 23, 2018
      • Employees · 5 to 6
        Mar 22, 2017 to Mar 23, 2018
      • HQ city · EAGAN to BURNSVILLE
        Mar 22, 2017 to Mar 23, 2018
      • Other offices · unset to 0.0
        Mar 22, 2017 to Mar 23, 2018
      • Discretionary RAUM · $406M to $409M
        Mar 22, 2017 to Mar 23, 2018
      • HNW RAUM · unset to 409307767.0
        Mar 22, 2017 to Mar 23, 2018
      • RAUM · $406M to $409M
        Mar 22, 2017 to Mar 23, 2018
      • Accounts · 28 to 17
        Mar 8, 2016 to Mar 22, 2017
      • Advisory activities · 2 to 1
        Mar 8, 2016 to Mar 22, 2017
      • Assets in custody · $305M to $406M
        Mar 8, 2016 to Mar 22, 2017
      • Employees · 6 to 5
        Mar 8, 2016 to Mar 22, 2017
      • Discretionary RAUM · $728M to $406M
        Mar 8, 2016 to Mar 22, 2017
      • RAUM · $728M to $406M
        Mar 8, 2016 to Mar 22, 2017
      • Accounts · 19 to 28
        Mar 25, 2015 to Mar 8, 2016
      • Assets in custody · $301M to $305M
        Mar 25, 2015 to Mar 8, 2016
      • Employees · 5 to 6
        Mar 25, 2015 to Mar 8, 2016
      • Discretionary RAUM · $726M to $728M
        Mar 25, 2015 to Mar 8, 2016
      • RAUM · $726M to $728M
        Mar 25, 2015 to Mar 8, 2016
      • Accounts · 24 to 19
        Mar 24, 2014 to Mar 25, 2015
      • Advisory employees · 2 to 1
        Mar 24, 2014 to Mar 25, 2015
      • Advisory activities · 4 to 2
        Mar 24, 2014 to Mar 25, 2015
      • Assets in custody · $432M to $301M
        Mar 24, 2014 to Mar 25, 2015
      • Employees · 10 to 5
        Mar 24, 2014 to Mar 25, 2015
      • Private funds · 5 to unset
        Mar 24, 2014 to Mar 25, 2015
      • Discretionary RAUM · $811M to $726M
        Mar 24, 2014 to Mar 25, 2015
      • RAUM · $811M to $726M
        Mar 24, 2014 to Mar 25, 2015
      • Accounts · 45 to 24
        Mar 27, 2013 to Mar 24, 2014
      • Assets in custody · $448M to $432M
        Mar 27, 2013 to Mar 24, 2014
      • Employees · 9 to 10
        Mar 27, 2013 to Mar 24, 2014
      • Private funds · 6 to 5
        Mar 27, 2013 to Mar 24, 2014
      • Discretionary RAUM · $795M to $811M
        Mar 27, 2013 to Mar 24, 2014
      • RAUM · $795M to $811M
        Mar 27, 2013 to Mar 24, 2014
      • Accounts · 47 to 45
        Mar 28, 2012 to Mar 27, 2013
      Signals
      No event on the tape.
      Across DFX
      shared identifiers only, never a name match
      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
      Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026