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

S•••••• M••••••••• C•

Former SEC-registered adviserMinnetonka, MinnesotaCRD 110276SEC 801-3364IAPD
Latest filing Nov 18, 2021
First filing on the tape Dec 15, 2011 · 32 filings
RAUM
n/a
reported, Item 5.F
Discretionary
n/a
of RAUM
Private clients
n/a
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
$294,751 gross assets
History
32 filings and snapshots on the tape
RAUM: $10.0M
HNW client RAUM: no history
State-registered IARs (5.B.3)2 as of Nov 18, 2021
Dec 15, 20110 then
Employees (5.A)2 as of Nov 18, 2021
Dec 19, 20122 then
Private funds2 as of Nov 18, 2021
Dec 15, 20115 then
RAUM n/a over the last fiscal yearIARs 2 to 2
Practice profile
derived from the filing of Nov 18, 2021; 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
unknownderivedHNW RAUM over HNW clients
Average account
unknownderivedRAUM over accounts (5.F.2.f)
Discretionary
unknownderivedof RAUM
Institutional
unknownderivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$294,751, 2 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
n/areported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$294,751 for 2 clientsreported
Compensation
n/areported
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
Private funds
2 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
S•• B••••••• P•••••••no longer reportedReal Estate Fund$616,16725Dec 15, 2011
S•• P•••••• C•••••• F•••no longer reportedPrivate Equity Fund$97,91214Dec 15, 2011
Owners and control persons
Schedule A and B, latest filing
  • C•••• J••• K•••••• · Member Class B, Coo & Treasurercontrol
    since 01/2007 · owns F of M••••••• F••••• W•••••
  • M••••••• C••••••• J••••• · Ceo, Member Class Bcontrol
    since 06/2003 · owns 25% to 50% of M••••••• F••••• W•••••
  • R••••• P••••••• R••• · Member Class Bcontrol
    since 01/2008 · owns F of M••••••• F••••• W•••••
  • R••••••• J••••• M•••••• · Member Class Bcontrol
    since 01/2007 · owns F of M••••••• F••••• W•••••• L••
  • M••••••• C••••••• J••••• · Chief Executive Officer
    since 01/2008 · owns less than 5%
  • O••••• A•••••• A••• · Cco
    since 01/2020 · owns less than 5%
  • R••••••• J••••• M•••••• · Secretary & Treasurer
    since 05/2017 · owns less than 5%
  • H••••••••• R••••• H•••• · Member, Class B
    since 01/2020 · owns F of M••••••• F••••• W•••••
  • N••••• A•••• C•••••••• · Member, Class B
    since 01/2020 · owns F of M••••••• F••••• W•••••
  • O••••• A•••••• A••• · Member, Class B, Cco
    since 01/2020 · owns F of M••••••• F••••• W•••••
  • Q••••••• J•••• C•••••• · Member, Class B
    since 01/2020 · owns F of M••••••• F••••• W•••••
  • S•••••• J••••• P••• · Member, Class B
    since 01/2020 · owns F of M••••••• F••••• W•••••
  • S•••••• P••••••• J•••••• · Member, Class B
    since 01/2020 · owns F of M••••••• F••••• W•••••
Entity owners
  • M••••••• F••••• W••••• · Owner
    direct · owns 75% or more
  • P• 3• V••••••• L•• · Member Class A
    indirect · owns F of M••••••• F••••• W•••••
Related persons
Schedule D 7.A
Advisers that list S•••••• M••••••••• C• as a related person
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Assets in custody · $343,769 to $294,751
    Nov 18, 2020 to Nov 18, 2021
  • Assets in custody · $872,495 to $343,769
    Jul 9, 2020 to Nov 18, 2020
  • Other offices · 1 to 0
    Dec 3, 2019 to Jan 21, 2020
  • Assets in custody · $1.3M to $872,495
    Jul 2, 2019 to Dec 3, 2019
  • Assets in custody · $1.4M to $1.3M
    Sep 26, 2018 to Nov 29, 2018
  • Advisory employees · 1 to 2
    Jun 5, 2017 to Nov 20, 2017
  • Assets in custody · $2.2M to $1.4M
    Jun 5, 2017 to Nov 20, 2017
  • Insurance-licensed employees · 1 to 2
    Jun 5, 2017 to Nov 20, 2017
  • State-registered IARs · 1 to 2
    Jun 5, 2017 to Nov 20, 2017
  • Other offices · unset to 1.0
    Jun 5, 2017 to Nov 20, 2017
  • Assets in custody · $2.7M to $2.2M
    Apr 25, 2016 to Nov 10, 2016
  • Assets in custody · $3.4M to $2.7M
    Aug 5, 2015 to Dec 2, 2015
  • Private funds · 3 to 2
    Aug 5, 2015 to Dec 2, 2015
  • Assets in custody · $8.2M to $3.4M
    Mar 5, 2014 to Nov 26, 2014
  • Insurance-licensed employees · 0 to 1
    Mar 5, 2014 to Nov 26, 2014
  • State-registered IARs · 0 to 1
    Mar 5, 2014 to Nov 26, 2014
  • Assets in custody · $9.0M to $8.2M
    Feb 4, 2013 to Nov 21, 2013
  • Private funds · 4 to 3
    Feb 4, 2013 to Nov 21, 2013
  • Accounts · 203.0 to unset
    Aug 27, 2012 to Dec 19, 2012
  • Advisory employees · unset to 1.0
    Aug 27, 2012 to Dec 19, 2012
  • Assets in custody · $10.0M to $9.0M
    Aug 27, 2012 to Dec 19, 2012
  • Employees · unset to 2.0
    Aug 27, 2012 to Dec 19, 2012
  • Discretionary RAUM · 9956561.0 to unset
    Aug 27, 2012 to Dec 19, 2012
  • Non-discretionary RAUM · 0.0 to unset
    Aug 27, 2012 to Dec 19, 2012
  • RAUM · 9956561.0 to unset
    Aug 27, 2012 to Dec 19, 2012
  • Private funds · 5 to 4
    Dec 16, 2011 to Jan 3, 2012
Signals
2 dated events
  • C•••••• J••••• M•••••• left S•••••• M••••••••• C• for C•••••• A•••• M••••••••• L•• (registered 2022-06-01)
    Jun 2, 2022 · Advisor changed firm · fact
  • Jocelyn Henkensiefken (Member Class B, Cfo & Cco) no longer on Schedule A of S•••••• M••••••••• C• (listed 2020-11-18, absent 2021-11-18)
    Nov 18, 2021 · Control person left · inference
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
Across the graphs

S•••••• M••••••••• C• is the same institution as 1 record in Real Estate Funds.

Real Estate Funds1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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