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
Investment Management Associates
Legal name Investment Management Associates, Inc.
Latest filing May 26, 2026
First filing on the tape Mar 5, 2012 · 27 filings
SEC status approved since Jan 23, 2020
RAUM
$810M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
89%
$719M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$270M
derived; firm RAUM over IAPD count
Employees
8
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$810M as of May 26, 2026
Mar 5, 2012$53.7M then
HNW client RAUM$560M as of May 26, 2026
May 21, 2020$30.1M then
State-registered IARs (5.B.3)3 as of May 26, 2026
May 21, 20202 then
Employees (5.A)8 as of May 26, 2026
May 21, 20206 then
Private funds: no history
RAUM +94% over the last fiscal year+56% a year over threeIARs 2 to 3
Practice profile
derived from the filing of May 26, 2026; 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
- $270MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 125derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.2MderivedHNW RAUM over HNW clients
- Average account
- $1.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 0.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.7derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +23%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +5.8%derived
- Compensation
- percentage of assets, otherreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Custody
- $12.2M, 5 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)
- has custody of client securities (9.A.1.b)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$560M69%
- Individuals$159M20%
- Corporations and businesses$86.3M11%
- Charitable organizations$4.4M0.5%
- Individual clients
- 115reported
- HNW clients
- 260reported
- Pension plan clients
- n/areported
- Charitable clients
- 1reported
- Accounts
- 674reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $12.2M for 5 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.89 fund_share=0.0 institutional_share=0.01 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 |
|---|---|---|---|---|
| Vitaliy N KatsenelsonChartered Financial Analyst | Greenwood Village, Co | Nov 28, 2000 | 29 y | 0 |
| Cyrus PearoCertified Financial Planner | Greenwood Village, Co | May 19, 2022 | 11 y | 2 |
| Robert Leon Eckart | Greenwood Village, Co | May 2, 2025 | 10 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
none on the tape
Joined, latest
- Cyrus Pearo from Breakaway Capital Advisors LLCMay 19, 2022 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- N Vitaliy Katsenelson · Ceo, Chief Compliance Officercontrolsince 04/2017 · owns 75% or more
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 |
|---|---|---|---|---|---|
| Greenwood Village, Co · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 573 to 674Jul 2, 2025 to May 26, 2026
- Charity clients · unset to 1.0Jul 2, 2025 to May 26, 2026
- Corporate clients · 6 to 7Jul 2, 2025 to May 26, 2026
- HNW clients · 213 to 260Jul 2, 2025 to May 26, 2026
- Individual clients · 116 to 115Jul 2, 2025 to May 26, 2026
- Assets in custody · $10.3M to $12.2MJul 2, 2025 to May 26, 2026
- Employees · 6 to 8Jul 2, 2025 to May 26, 2026
- Financial planning clients · 0 to Jul 2, 2025 to May 26, 2026
- Discretionary RAUM · $545M to $795MJul 2, 2025 to May 26, 2026
- HNW RAUM · $366M to $560MJul 2, 2025 to May 26, 2026
- Individual RAUM · $114M to $159MJul 2, 2025 to May 26, 2026
- Non-discretionary RAUM · $27.2M to $15.0MJul 2, 2025 to May 26, 2026
- RAUM · $573M to $810MJul 2, 2025 to May 26, 2026
- Financial planning clients · 0 to 0May 16, 2025 to Jul 2, 2025
- Accounts · 547 to 573Dec 19, 2024 to May 16, 2025
- Advisory employees · 2 to 4Dec 19, 2024 to May 16, 2025
- HNW clients · 191 to 213Dec 19, 2024 to May 16, 2025
- Individual clients · 119 to 116Dec 19, 2024 to May 16, 2025
- Assets in custody · unset to 10266341.0Dec 19, 2024 to May 16, 2025
- Custody of client assets · false to trueDec 19, 2024 to May 16, 2025
- Financial planning clients · unset to 0Dec 19, 2024 to May 16, 2025
- State-registered IARs · 2 to 3Dec 19, 2024 to May 16, 2025
- Discretionary RAUM · $481M to $545MDec 19, 2024 to May 16, 2025
- HNW RAUM · $323M to $366MDec 19, 2024 to May 16, 2025
- Individual RAUM · $103M to $114MDec 19, 2024 to May 16, 2025
- Non-discretionary RAUM · $34.5M to $27.2MDec 19, 2024 to May 16, 2025
- Pension RAUM · 3103139.0 to unsetDec 19, 2024 to May 16, 2025
- RAUM · $515M to $573MDec 19, 2024 to May 16, 2025
- Employees · 3 to 6Aug 28, 2024 to Dec 19, 2024
- Accounts · 522 to 547May 24, 2023 to May 10, 2024
- HNW clients · 163 to 191May 24, 2023 to May 10, 2024
- Individual clients · 130 to 119May 24, 2023 to May 10, 2024
- Employees · 6 to 3May 24, 2023 to May 10, 2024
- Discretionary RAUM · $367M to $481MMay 24, 2023 to May 10, 2024
- HNW RAUM · $234M to $323MMay 24, 2023 to May 10, 2024
- Individual RAUM · $93.0M to $103MMay 24, 2023 to May 10, 2024
- Non-discretionary RAUM · $50.6M to $34.5MMay 24, 2023 to May 10, 2024
- Pension RAUM · $2.2M to $3.1MMay 24, 2023 to May 10, 2024
- RAUM · $418M to $515MMay 24, 2023 to May 10, 2024
- Accounts · 433 to 522May 19, 2022 to May 24, 2023
Signals
7 dated events
- Investment Management Associates reported RAUM $810.0M, up 41% from $572.7M (2025-07-02 to 2026-05-26)May 26, 2026 · RAUM change · derived
- Janell Alisa Martin (Chief Compliance Officer) no longer on Schedule A of Investment Management Associates (listed 2022-05-19, absent 2023-05-24)May 24, 2023 · Control person left · inference
- Investment Management Associates reported RAUM $323.0M, up 52% from $212.9M (2021-10-11 to 2022-05-19)May 19, 2022 · RAUM change · derived
- Investment Management Associates reported RAUM $212.9M, up 96% from $108.8M (2020-07-16 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- Janell Alisa Martin (Chief Compliance Officer) appeared on Schedule A of Investment Management AssociatesMar 31, 2021 · Control person joined · fact
- Langdon Michael Conn (Chairman, Director, President) no longer on Schedule A of Investment Management Associates (listed 2020-01-30, absent 2020-05-21)May 21, 2020 · Control person left · inference
- Investment Management Associates filed its initial SEC registration (Form ADV)Dec 20, 2019 · First SEC registration · fact
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
- Firm profile
- LINKEDIN.COM/COMPANY/IMA-INVESTMENT-MANAGEMENT-ASSOCIATESreportedpublic record, Form ADV, Sep 17, 2026
- Website
- investor.fmreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 303-796-8333reportedpublic record, Form ADV, May 26, 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $270Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026