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
A•• S••• F•••••••• I••
Legal name A•• S••• F•••••••• L••
Latest filing Aug 1, 2022
First filing on the tape Apr 9, 2012 · 47 filings
RAUM
$653M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
98%
$640M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
18
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
47 filings and snapshots on the tape
RAUM$653M as of Feb 22, 2022
Apr 30, 2012$530M then
HNW client RAUM$489M as of Feb 22, 2022
Jun 27, 2018$299M then
State-registered IARs (5.B.3)9 as of Feb 22, 2022
Apr 8, 20130 then
Employees (5.A)19 as of Feb 22, 2022
Apr 8, 20139 then
Private funds: no history
RAUM +54% over the last fiscal year+7.1% a year over threeIARs 8 to 8
Practice profile
derived from the filing of Aug 1, 2022; every figure names its basis
- RAUM per advisor
- $81.6MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 71derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.4MderivedHNW RAUM over HNW clients
- Average account
- $373,289derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 1.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 8.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +54%derivedbetween the last two annual amendments
- Advisor growth, one year
- +13%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +11%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
- 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$489M75%
- Individuals$151M23%
- Corporations and businesses$4.9M0.8%
- Pension and profit-sharing plans$4.9M0.7%
- Charitable organizations$2.6M0.4%
- Individual clients
- 360reported
- HNW clients
- 207reported
- Pension plan clients
- 3reported
- Charitable clients
- 3reported
- Accounts
- 1,749reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, 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
- B•••• G•••••• S••••• to G••••••• W••••• A•••••••• L••Oct 5, 2022 · RIA to RIA
- B•••• M••••••••• to A••••••••• F•••••••• S•••••••• L••Feb 1, 2021 · RIA to affiliated broker-dealer or bank
- J••• R••• S•••••• to W••••• F•••••••• A•••••••• L••Jan 17, 2018 · RIA to RIA
- N••••••• T•••••• S••••••• to P••••••••• P•••••••• L••Nov 15, 2016 · Other
- M•••••• W•••••••• to C•••••••Sep 20, 2016 · Other
- J••••• B••••••• L••••• to Q••••••••• A••••••••• L••Dec 1, 2014 · Other
- M•••••• A•••••••• C••••••• to B•••••••• W••••• M••••••••• L••Sep 22, 2014 · Other
- E•••• M•••• P••••••• H••••• to J••• F•••••••• A•••••••• L••Sep 22, 2014 · Other
Joined, latest
- E••• J•••• G•••••• from A••••••••• F•••••••• S•••••••• L••Aug 1, 2022 · Affiliated broker-dealer or bank to independent RIA
- S••••• D•••• S••••• from C••••••••• W••••• A•••••••• L••Jun 28, 2019 · Affiliated broker-dealer or bank to independent RIA
- B•••• M••••••••• from A••••••••• F•••••••• S•••••••• L••Apr 28, 2017 · Other
- M•••••• A••• B••••• from A••••••• F•••••••• L••Apr 28, 2017 · Other
- N••••••• T•••••• S••••••• from V••••••• A•••••••• I•••Jan 4, 2016 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 5 left for A•• S••• F••••••••Nov 10, 2022 · Minneapolis, Mn · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- K•••••••• R•••••• J••• · President Chief Compliance Officercontrolsince 08/1992 · owns 75% or more
Related persons
Schedule D 7.A
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Advisory employees · 7 to 8Jul 26, 2022 to Aug 1, 2022
- Employees · 17 to 18Jul 26, 2022 to Aug 1, 2022
- State-registered IARs · 7 to 8Jul 26, 2022 to Aug 1, 2022
- Advisory employees · 8 to 7Jun 27, 2022 to Jul 26, 2022
- Employees · 18 to 17Jun 27, 2022 to Jul 26, 2022
- State-registered IARs · 8 to 7Jun 27, 2022 to Jul 26, 2022
- Advisory employees · 9 to 8Feb 22, 2022 to Jun 27, 2022
- Employees · 19 to 18Feb 22, 2022 to Jun 27, 2022
- State-registered IARs · 9 to 8Feb 22, 2022 to Jun 27, 2022
- Legal name · A•• S••• F•••••••• I•• to A•• S••• F•••••••• L••Feb 22, 2022 to Jun 27, 2022
- Accounts · 1,632 to 1,749Feb 5, 2022 to Feb 22, 2022
- Corporate clients · 4 to 3Feb 5, 2022 to Feb 22, 2022
- HNW clients · 199 to 207Feb 5, 2022 to Feb 22, 2022
- Individual clients · 356 to 360Feb 5, 2022 to Feb 22, 2022
- Pension plan clients · 2 to 3Feb 5, 2022 to Feb 22, 2022
- Discretionary RAUM · $644M to $644MFeb 5, 2022 to Feb 22, 2022
- HNW RAUM · $492M to $489MFeb 5, 2022 to Feb 22, 2022
- Individual RAUM · $139M to $151MFeb 5, 2022 to Feb 22, 2022
- Non-discretionary RAUM · $0 to $9.3MFeb 5, 2022 to Feb 22, 2022
- Pension RAUM · $4.7M to $4.9MFeb 5, 2022 to Feb 22, 2022
- RAUM · $644M to $653MFeb 5, 2022 to Feb 22, 2022
- Related insurance company · true to falseFeb 5, 2022 to Feb 22, 2022
- Organization form · Corporation to Limited Liability CompanyAug 27, 2021 to Feb 5, 2022
- Accounts · 871 to 1,632Aug 5, 2021 to Aug 27, 2021
- Corporate clients · 3 to 4Aug 5, 2021 to Aug 27, 2021
- HNW clients · 197 to 199Aug 5, 2021 to Aug 27, 2021
- Individual clients · 349 to 356Aug 5, 2021 to Aug 27, 2021
- Discretionary RAUM · $607M to $644MAug 5, 2021 to Aug 27, 2021
- HNW RAUM · $467M to $492MAug 5, 2021 to Aug 27, 2021
- Individual RAUM · $135M to $139MAug 5, 2021 to Aug 27, 2021
- Non-discretionary RAUM · $3.7M to $0Aug 5, 2021 to Aug 27, 2021
- Pension RAUM · $4.6M to $4.7MAug 5, 2021 to Aug 27, 2021
- RAUM · $611M to $644MAug 5, 2021 to Aug 27, 2021
- Advisory employees · 7 to 9Jun 23, 2021 to Aug 5, 2021
- Employees · 17 to 19Jun 23, 2021 to Aug 5, 2021
- State-registered IARs · 7 to 9Jun 23, 2021 to Aug 5, 2021
- Accounts · 1,454 to 871Feb 1, 2021 to Jun 23, 2021
- Corporate clients · 4 to 3Feb 1, 2021 to Jun 23, 2021
- HNW clients · 116 to 197Feb 1, 2021 to Jun 23, 2021
- Individual clients · 397 to 349Feb 1, 2021 to Jun 23, 2021
Signals
4 dated events
- A•• S••• F•••••••• I••'s advisors moved to A•• S••• F•••••••• (Minneapolis, MN): 5 of 5 registered, on the same dayNov 10, 2022 · Firm absorbed (people side) · derived
- B•••• G•••••• S••••• left A•• S••• F•••••••• I•• for G••••••• W••••• A•••••••• L•• (registered 2022-12-22)Oct 5, 2022 · Advisor changed firm · fact
- A•• S••• F•••••••• I•• reported RAUM $610.6M, up 44% from $424.4M (2021-02-01 to 2021-06-23)Jun 23, 2021 · RAUM change · derived
- A•• S••• F•••••••• I•• reported RAUM $515.5M, down 66% from $1.5B (2017-06-29 to 2018-01-17)Jan 17, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
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