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
Denali Advisors, LLC
Latest filing Mar 27, 2026
First filing on the tape Jan 30, 2012 · 35 filings
SEC status approved since Mar 2, 2001
RAUM
$1.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
17%
$241M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
14
9 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
1
reported on Schedule D
History
35 filings and snapshots on the tape
RAUM$1.4B as of Mar 27, 2026
Jan 30, 2012$862M then
HNW client RAUM$178M as of Mar 27, 2026
Feb 8, 2018$212,981 then
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Jan 30, 20120 then
Employees (5.A)14 as of Mar 27, 2026
Jan 23, 20139 then
Private funds1 as of Mar 27, 2026
Jan 30, 20121 then
RAUM +16% over the last fiscal year+50% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- 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
- $3.0MderivedHNW RAUM over HNW clients
- Average account
- $4.8MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 69%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +16%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- -7.2%derived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, otherreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Custody
- $165M, 1 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)
- 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)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- State and municipal entities$868M63%
- High-net-worth individuals$178M13%
- Pooled investment vehicles$165M12%
- Charitable organizations$68.8M5.0%
- Individuals$63.4M4.6%
- Corporations and businesses$22.3M1.6%
- Sovereign wealth funds$19.0M1.4%
- Individual clients
- 197reported
- HNW clients
- 60reported
- Pension plan clients
- 0reported
- Charitable clients
- 9reported
- Accounts
- 291reported
- Financial planning clients
- reported
- Wrap fee programs
- $0 sponsored, $128M managedreported
- Custody of client assets
- $165M for 1 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.17 fund_share=0.12 institutional_share=0.69 related_bd=false related_bank=false bd_reps=0.0derived
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
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Mckinley Capital Measa Fund Oeic Limited | Other Private Fund | $144M | 2 | Nov 8, 2018 |
| Denali Advisors Market Neutral Equity Fund LPno longer reported | Hedge Fund | $35.4M | 2 | Jan 30, 2012 |
Owners and control persons
Schedule A and B, latest filing
- Arthur Robert Gillam · Chief Investment Officer, Growth Equitycontrolsince 01/2024 · owns less than 5%
- Anne Deborah Lamb · Chief Compliance Officercontrolsince 01/2024 · owns less than 5%
- Paul Kenneth Lenhart · Chief Operating Officercontrolsince 01/2024 · owns less than 5%
- Robert Michael Munson · Membercontrolsince 02/2001 · owns 5% to 10%
- Guenther Robert Snigaroff · Member, Managercontrolsince 02/2001 · owns 50% to 75%
- Duane Melvin Lindsey · Ownercontrolsince 11/2016 · owns 25% to 50% of Nile Capital Group
- Duane Melvin Lindsey · Trusteecontrolsince 11/2016 · owns 50% to 75% of The Lindsey Family Trust
- William John Cuthbertson · Chief Investment Officersince 09/2020 · owns less than 5%
Entity owners
- Mckinley Management, LLC · Memberdirect · owns 10% to 25%
- Nile Capital Fund B, LP · Ownerdirect · owns 10% to 25%
- Nile Capital Group · Ownerindirect · owns 25% to 50% of Nile Capital Fund B, LP
- The Lindsey Family Trust · Ownerindirect · owns 50% to 75% of Nile Capital Fund B, LP
Related persons
Schedule D 7.A
- Mckinley Alaska Private Investments, LLCinvestment adviseryRAUM $206M
- Myecfoinvestment adviseryRAUM $263M
Advisers that list Denali Advisors, LLC as a related person
- 106173 y
Offices
Schedule D 1.F, the 25 largest
- Anchorage, AK9 employees
- Chicago, IL3 employees
What changed
consecutive filings, newest first
- Accounts · 312 to 291Oct 22, 2025 to Mar 27, 2026
- Charity clients · 8 to 9Oct 22, 2025 to Mar 27, 2026
- Corporate clients · 13 to 12Oct 22, 2025 to Mar 27, 2026
- HNW clients · 67 to 60Oct 22, 2025 to Mar 27, 2026
- Individual clients · 210 to 197Oct 22, 2025 to Mar 27, 2026
- Assets in custody · $140M to $165MOct 22, 2025 to Mar 27, 2026
- Employees · 13 to 14Oct 22, 2025 to Mar 27, 2026
- Discretionary RAUM · $1.2B to $1.4BOct 22, 2025 to Mar 27, 2026
- HNW RAUM · $174M to $178MOct 22, 2025 to Mar 27, 2026
- Individual RAUM · $67.8M to $63.4MOct 22, 2025 to Mar 27, 2026
- Non-discretionary RAUM · $4.8M to $5.6MOct 22, 2025 to Mar 27, 2026
- Pooled vehicle RAUM · $140M to $165MOct 22, 2025 to Mar 27, 2026
- RAUM · $1.2B to $1.4BOct 22, 2025 to Mar 27, 2026
- Wrap assets (manager) · $150M to $128MOct 22, 2025 to Mar 27, 2026
- Employees · 14 to 13Apr 7, 2025 to Jun 10, 2025
- Financial planning clients · unset to Apr 7, 2025 to Jun 10, 2025
- Succession · true to falseApr 7, 2025 to Jun 10, 2025
- Accounts · 318 to 312Jan 2, 2025 to Apr 7, 2025
- Advisory employees · 10 to 9Jan 2, 2025 to Apr 7, 2025
- HNW clients · 73 to 67Jan 2, 2025 to Apr 7, 2025
- Assets in custody · $127M to $140MJan 2, 2025 to Apr 7, 2025
- Employees · 16 to 14Jan 2, 2025 to Apr 7, 2025
- Discretionary RAUM · $1.2B to $1.2BJan 2, 2025 to Apr 7, 2025
- HNW RAUM · $167M to $174MJan 2, 2025 to Apr 7, 2025
- Individual RAUM · $64.1M to $67.8MJan 2, 2025 to Apr 7, 2025
- Non-discretionary RAUM · $4.0M to $4.8MJan 2, 2025 to Apr 7, 2025
- Pooled vehicle RAUM · $144M to $140MJan 2, 2025 to Apr 7, 2025
- RAUM · $1.2B to $1.2BJan 2, 2025 to Apr 7, 2025
- Succession · false to trueJan 2, 2025 to Apr 7, 2025
- Wrap assets (manager) · $119M to $150MJan 2, 2025 to Apr 7, 2025
- Succession · true to falseOct 4, 2024 to Jan 2, 2025
- Accounts · 16 to 318Jul 17, 2024 to Oct 4, 2024
- Advisory employees · 11 to 10Jul 17, 2024 to Oct 4, 2024
- Advisory activities · 4 to 3Jul 17, 2024 to Oct 4, 2024
- Charity clients · unset to 8.0Jul 17, 2024 to Oct 4, 2024
- Corporate clients · unset to 13.0Jul 17, 2024 to Oct 4, 2024
- HNW clients · unset to 73.0Jul 17, 2024 to Oct 4, 2024
- Individual clients · unset to 210.0Jul 17, 2024 to Oct 4, 2024
- Pension plan clients · unset to 0.0Jul 17, 2024 to Oct 4, 2024
- Pooled vehicle clients · unset to 1.0Jul 17, 2024 to Oct 4, 2024
Signals
12 dated events
- Denali Advisors, Llc reported succeeding to the business of Mckinley Capital Management, Llc (Form ADV Item 4)Apr 7, 2025 · Succession (Item 4) · fact
- Denali Advisors, Llc reported succeeding to the business of Another Adviser (Form ADV Item 4)Oct 4, 2024 · Succession (Item 4) · fact
- Denali Advisors, Llc reported RAUM $1.2B, up 144% from $493.4M (2024-07-17 to 2024-10-04)Oct 4, 2024 · RAUM change · derived
- Anne Deborah Lamb (Chief Compliance Officer) appeared on Schedule A of Denali Advisors, LlcFeb 20, 2024 · Control person joined · fact
- Arthur Robert Gillam (Chief Investment Officer, Growth Equity) appeared on Schedule A of Denali Advisors, LlcFeb 20, 2024 · Control person joined · fact
- Paul Kenneth Lenhart (Chief Operating Officer) appeared on Schedule A of Denali Advisors, LlcFeb 20, 2024 · Control person joined · fact
- Stevens Georgia Stephanie Neruda (Chief Compliance Officer) no longer on Schedule A of Denali Advisors, Llc (listed 2023-03-02, absent 2024-02-20)Feb 20, 2024 · Control person left · inference
- Stevens Georgia Stephanie Neruda (Chief Compliance Officer) appeared on Schedule A of Denali Advisors, LlcDec 6, 2022 · Control person joined · fact
- Marie Anne Erickson (Chief Compliance Officer) no longer on Schedule A of Denali Advisors, Llc (listed 2022-02-01, absent 2022-12-06)Dec 6, 2022 · Control person left · inference
- Denali Advisors, Llc reported RAUM $425.9M, down 42% from $729.3M (2021-10-04 to 2022-02-01)Feb 1, 2022 · RAUM change · derived
- Denali Advisors, Llc reported RAUM $729.3M, down 46% from $1.3B (2020-06-22 to 2021-02-04)Feb 4, 2021 · RAUM change · derived
- Denali Advisors, Llc reported RAUM $1.3B, up 72% from $762.0M (2017-04-24 to 2018-02-08)Feb 8, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- Denali Advisors, LLC · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/denali-advisorsreportedpublic record, Form ADV, Sep 17, 2026
- Website
- DENALIADVISORS.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 858-558-3600reportedpublic record, Form ADV, Mar 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
- Other 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