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
P•• • V• A•••• M••••••••• C••••••••• I••
Latest filing Dec 15, 2025
First filing on the tape Dec 12, 2011 · 21 filings
SEC status approved since Oct 28, 1991
RAUM
$254M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
95%
$240M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$84.6M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$254M as of Dec 15, 2025
Dec 12, 2011$114M then
HNW client RAUM$180M as of Dec 15, 2025
Dec 20, 2017$52.5M then
State-registered IARs (5.B.3)3 as of Dec 15, 2025
Dec 18, 20121 then
Employees (5.A)4 as of Dec 15, 2025
Dec 18, 20121 then
Private funds: no history
RAUM +34% over the last fiscal year+11% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Dec 15, 2025; 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $84.6MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 82derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.1MderivedHNW RAUM over HNW clients
- Average account
- $434,392derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 3.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +21%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -2.3%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individualsreportedItem 5.G
- Custody
- $165M, 129 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
- has discretionary authority over which securities are bought or sold (8.C.1)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$180M71%
- Individuals$59.9M24%
- Pension and profit-sharing plans$8.0M3.2%
- Corporations and businesses$5.3M2.1%
- Individual clients
- 189reported
- HNW clients
- 58reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 584reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $165M for 129 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.95 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 |
|---|---|---|---|---|
| R••• J••• V•••• | Portage, Mi | Dec 21, 2010 | 20 y | 1 |
| R••••• B•••• V•••• | Portage, Mi | Feb 1, 2011 | 43 y | 0 |
| K•••• J•• F••••• | Portage, Mi | Oct 24, 2019 | 21 y | 0 |
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
- R••••• J••• B•••• to R•• I••••••••• A••••••• S•••••••• L••May 17, 2019 · RIA to a state-registered adviser
Joined, latest
- R••• J••• V•••• from R•••••• J•••• F•••••••• S••••••• A•••••••• I••Dec 21, 2010 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- V••••• R•••••• B•••• · Officercontrolsince 01/1992 · owns 75% or more
- V••••• R•••• J••• · Chief Compliance Officercontrolsince 02/2017 · owns 10% to 25%
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 |
|---|---|---|---|---|---|
| Portage, Mi · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 567 to 584Dec 16, 2024 to Dec 15, 2025
- HNW clients · 55 to 58Dec 16, 2024 to Dec 15, 2025
- Individual clients · 204 to 189Dec 16, 2024 to Dec 15, 2025
- Assets in custody · $124M to $165MDec 16, 2024 to Dec 15, 2025
- Financial planning clients · 0 to 0Dec 16, 2024 to Dec 15, 2025
- Discretionary RAUM · $222M to $246MDec 16, 2024 to Dec 15, 2025
- HNW RAUM · $156M to $180MDec 16, 2024 to Dec 15, 2025
- Individual RAUM · $60.4M to $59.9MDec 16, 2024 to Dec 15, 2025
- Non-discretionary RAUM · $6.4M to $7.7MDec 16, 2024 to Dec 15, 2025
- Pension RAUM · $6.7M to $8.0MDec 16, 2024 to Dec 15, 2025
- RAUM · $228M to $254MDec 16, 2024 to Dec 15, 2025
- Accounts · 601 to 567Dec 19, 2023 to Dec 16, 2024
- HNW clients · 48 to 55Dec 19, 2023 to Dec 16, 2024
- Individual clients · 217 to 204Dec 19, 2023 to Dec 16, 2024
- Assets in custody · $93.0M to $124MDec 19, 2023 to Dec 16, 2024
- Discretionary RAUM · $184M to $222MDec 19, 2023 to Dec 16, 2024
- HNW RAUM · $124M to $156MDec 19, 2023 to Dec 16, 2024
- Individual RAUM · $56.0M to $60.4MDec 19, 2023 to Dec 16, 2024
- Non-discretionary RAUM · $4.8M to $6.4MDec 19, 2023 to Dec 16, 2024
- Pension RAUM · $4.8M to $6.7MDec 19, 2023 to Dec 16, 2024
- RAUM · $189M to $228MDec 19, 2023 to Dec 16, 2024
- Accounts · 625 to 601Dec 15, 2022 to Dec 19, 2023
- HNW clients · 38 to 48Dec 15, 2022 to Dec 19, 2023
- Individual clients · 233 to 217Dec 15, 2022 to Dec 19, 2023
- Assets in custody · $92.6M to $93.0MDec 15, 2022 to Dec 19, 2023
- Discretionary RAUM · $155M to $184MDec 15, 2022 to Dec 19, 2023
- HNW RAUM · $94.0M to $124MDec 15, 2022 to Dec 19, 2023
- Individual RAUM · $56.6M to $56.0MDec 15, 2022 to Dec 19, 2023
- Non-discretionary RAUM · $3.7M to $4.8MDec 15, 2022 to Dec 19, 2023
- Pension RAUM · $3.7M to $4.8MDec 15, 2022 to Dec 19, 2023
- RAUM · $158M to $189MDec 15, 2022 to Dec 19, 2023
- Accounts · 616 to 625Dec 15, 2021 to Dec 15, 2022
- HNW clients · 46 to 38Dec 15, 2021 to Dec 15, 2022
- Individual clients · 225 to 233Dec 15, 2021 to Dec 15, 2022
- Assets in custody · $117M to $92.6MDec 15, 2021 to Dec 15, 2022
- Discretionary RAUM · $179M to $155MDec 15, 2021 to Dec 15, 2022
- HNW RAUM · $116M to $94.0MDec 15, 2021 to Dec 15, 2022
- Individual RAUM · $53.8M to $56.6MDec 15, 2021 to Dec 15, 2022
- Non-discretionary RAUM · $5.2M to $3.7MDec 15, 2021 to Dec 15, 2022
- Pension RAUM · $9.0M to $3.7MDec 15, 2021 to Dec 15, 2022
Signals
1 dated events
- Drew Daniel Schut (Officer) no longer on Schedule A of P•• • V• A•••• M••••••••• C••••••••• I•• (listed 2018-12-18, absent 2019-05-30)May 30, 2019 · 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
- Principal office phone
- 269-321-4444reportedpublic record, Form ADV, Dec 15, 2025
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
- $84.6Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026