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

Okabena Investment Services Inc

Wealth manager with institutional or fund businessMinneapolis, MinnesotaCRD 111162SEC 801-47929websiteIAPD
Latest filing Mar 27, 2026
First filing on the tape Mar 29, 2012 · 39 filings
SEC status approved since Nov 29, 1994
RAUM
$2.1B
reported, Item 5.F
Discretionary
89%
of RAUM
Private clients
23%
$486M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$530M
derived; firm RAUM over IAPD count
Employees
18
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
10
reported on Schedule D
History
39 filings and snapshots on the tape
RAUM$2.1B as of Mar 27, 2026
Mar 29, 2012$1.3B then
HNW client RAUM$486M as of Mar 27, 2026
Mar 26, 2018$74.6M then
State-registered IARs (5.B.3)4 as of Mar 27, 2026
Mar 29, 20120 then
Employees (5.A)18 as of Mar 27, 2026
Mar 28, 201310 then
Private funds10 as of Mar 27, 2026
Mar 29, 201210 then
RAUM +15% over the last fiscal year+12% a year over threeIARs 1 to 4
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
Archetypes, each a printed rule
RAUM per advisor
$530MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.9MderivedHNW RAUM over HNW clients
Average account
$5.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
89%derivedof RAUM
Institutional
2.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.5derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+15%derivedbetween the last two annual amendments
Advisor growth, one year
+300%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisers, otherreportedItem 5.G
Custody
$2.1B, 153 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 hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.4B73%
  • High-net-worth individuals$486M25%
  • Charitable organizations$48.3M2.5%
  • Individuals$630.0%
Individual clients
n/areported
HNW clients
125reported
Pension plan clients
0reported
Charitable clients
11reported
Accounts
383reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$2.1B for 153 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.23 fund_share=0.67 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Eric Lee PirklChartered Financial AnalystMinneapolis, MnMar 23, 201220 y0
Thomas Butler DoranChartered Financial AnalystMinneapolis, MnSep 25, 202511 y0
Scott Frederick ReweyCertified Financial PlannerMinneapolis, MnSep 25, 202531 y1
Na ZhangChartered Financial AnalystMinneapolis, MnMar 6, 202613 y0
Advisor movement
0 left, 1 joined in 12 months
net +1 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
    Private funds
    10 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Okabena Private Markets Fund, LLCHedge Fund$305M99Mar 29, 2012
    Okabena International Equity Fund, LLCHedge Fund$269M111Mar 29, 2012
    Okabena U.S. Equity Fund, LLCHedge Fund$213M87Mar 29, 2012
    Okabena Marketable Alternatives Fund II, LLCHedge Fund$211M105Mar 29, 2012
    Okabena Diversified Equity Fund, LLCHedge Fund$137M21Mar 29, 2012
    Okabena Bond Fund, LLCHedge Fund$121M113Mar 29, 2012
    Okabena Marketable Alternatives Fund, LLCHedge Fund$107M22Mar 29, 2012
    Okabena Special Opportunities Fund, LLCHedge Fund$45.8M19Mar 29, 2012
    Okabena Opportunities Fund, LLCHedge Fund$26.2M16Mar 29, 2012
    Okabena Fixed Income Fund, LLCHedge Fund$9.1M18Mar 29, 2012
    Owners and control persons
    Schedule A and B, latest filing
    • Jackson Tobin Dayton · Directorcontrol
      since 09/2018 · owns less than 5%
    • Butler Thomas Doran · Director (08/2019), Vice President And Senior Client Portfolio Managercontrol
      since 08/2019 · owns less than 5%
    • Heywood James Field · President (12/2019), Directorcontrol
      since 09/2018 · owns less than 5%
    • Ann Jocelyn Henkensiefken · Vice President And Chief Compliance Officercontrol
      since 01/2026 · owns less than 5%
    • Guy Steven Lentz · General Counsel And Chief Compliance Officercontrol
      since 06/2018 · owns less than 5%
    • Michael Scott Russett · Senior Vice President And Chief Operating Officercontrol
      since 01/2014 · owns less than 5%
    • John Dennis Santos · Director, Senior Vice President & Chief Investment Officercontrol
      since 04/2021 · owns less than 5%
    Entity owners
    • Okabena Company · Shareholder
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    • Boulder Bridge Trust Company
      n
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Minneapolis, Mn · principal430
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    ADV anomalies
    3 against comparable advisers; where to look, not conclusions
    • control person changedChange between filings · filing Mar 27, 2026
      HENKENSIEFKEN, JOCELYN, ANN (VICE PRESIDENT AND CHIEF COMPLIANCE OFFICER) appeared on Schedule A between the filings of 2021-04-19 and 2026-03-27
      peers: independent wealth managers, $1B to $5B (1,360)
    • control person changedChange between filings · filing Mar 27, 2026
      LENTZ, STEVEN, GUY (GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER) left Schedule A between the filings of 2021-04-19 and 2026-03-27
      peers: independent wealth managers, $1B to $5B (1,360)
    • control person changedChange between filings · filing Mar 27, 2026
      SANTOS, DENNIS, JOHN (DIRECTOR, SENIOR VICE PRESIDENT & CHIEF INVESTMENT OFFICER) left Schedule A between the filings of 2021-04-19 and 2026-03-27
      peers: independent wealth managers, $1B to $5B (1,360)
    What changed
    consecutive filings, newest first
    • Accounts · 303 to 383
      Jan 2, 2026 to Mar 27, 2026
    • Charity clients · 15 to 11
      Jan 2, 2026 to Mar 27, 2026
    • Corporate clients · 1 to 0
      Jan 2, 2026 to Mar 27, 2026
    • HNW clients · 87 to 125
      Jan 2, 2026 to Mar 27, 2026
    • Individual clients · 6.0 to unset
      Jan 2, 2026 to Mar 27, 2026
    • Assets in custody · $1.8B to $2.1B
      Jan 2, 2026 to Mar 27, 2026
    • State-registered IARs · 1 to 4
      Jan 2, 2026 to Mar 27, 2026
    • Discretionary RAUM · $1.7B to $1.9B
      Jan 2, 2026 to Mar 27, 2026
    • HNW RAUM · $335M to $486M
      Jan 2, 2026 to Mar 27, 2026
    • Individual RAUM · $509,139 to $63
      Jan 2, 2026 to Mar 27, 2026
    • Non-discretionary RAUM · $171M to $231M
      Jan 2, 2026 to Mar 27, 2026
    • Pooled vehicle RAUM · $1.3B to $1.4B
      Jan 2, 2026 to Mar 27, 2026
    • RAUM · $1.8B to $2.1B
      Jan 2, 2026 to Mar 27, 2026
    • Accounts · 251 to 303
      Mar 29, 2024 to Mar 25, 2025
    • HNW clients · 81 to 87
      Mar 29, 2024 to Mar 25, 2025
    • Individual clients · 2 to 6
      Mar 29, 2024 to Mar 25, 2025
    • Assets in custody · $1.7B to $1.8B
      Mar 29, 2024 to Mar 25, 2025
    • Employees · 17 to 18
      Mar 29, 2024 to Mar 25, 2025
    • Financial planning clients · unset to
      Mar 29, 2024 to Mar 25, 2025
    • Discretionary RAUM · $1.6B to $1.7B
      Mar 29, 2024 to Mar 25, 2025
    • HNW RAUM · $264M to $335M
      Mar 29, 2024 to Mar 25, 2025
    • Individual RAUM · $32,190 to $509,139
      Mar 29, 2024 to Mar 25, 2025
    • Non-discretionary RAUM · $161M to $171M
      Mar 29, 2024 to Mar 25, 2025
    • Pooled vehicle RAUM · $1.3B to $1.3B
      Mar 29, 2024 to Mar 25, 2025
    • RAUM · $1.7B to $1.8B
      Mar 29, 2024 to Mar 25, 2025
    • Accounts · 242 to 251
      Mar 17, 2023 to Mar 28, 2024
    • Charity clients · 26 to 15
      Mar 17, 2023 to Mar 28, 2024
    • HNW clients · 174 to 81
      Mar 17, 2023 to Mar 28, 2024
    • Individual clients · 24 to 2
      Mar 17, 2023 to Mar 28, 2024
    • Assets in custody · $1.5B to $1.7B
      Mar 17, 2023 to Mar 28, 2024
    • Employees · 16 to 17
      Mar 17, 2023 to Mar 28, 2024
    • Discretionary RAUM · $1.4B to $1.6B
      Mar 17, 2023 to Mar 28, 2024
    • HNW RAUM · $168M to $264M
      Mar 17, 2023 to Mar 28, 2024
    • Individual RAUM · $9.7M to $32,190
      Mar 17, 2023 to Mar 28, 2024
    • Non-discretionary RAUM · $119M to $161M
      Mar 17, 2023 to Mar 28, 2024
    • Pooled vehicle RAUM · $1.2B to $1.3B
      Mar 17, 2023 to Mar 28, 2024
    • RAUM · $1.5B to $1.7B
      Mar 17, 2023 to Mar 28, 2024
    • Accounts · 217 to 242
      Mar 28, 2022 to Mar 17, 2023
    • Charity clients · 32 to 26
      Mar 28, 2022 to Mar 17, 2023
    • HNW clients · 155 to 174
      Mar 28, 2022 to Mar 17, 2023
    Signals
    3 dated events
    • J Dennis Santos (Director, Senior Vice President & Chief Investment Officer) appeared on Schedule A of Okabena Investment Services Inc
      Apr 19, 2021 · Control person joined · fact
    • Butler Thomas Doran (Director (08/2019), Senior Client Relationship Manager) appeared on Schedule A of Okabena Investment Services Inc
      Aug 6, 2019 · Control person joined · fact
    • Arthur Douglas Neimann (Director, President, Chief Investment Officer) no longer on Schedule A of Okabena Investment Services Inc (listed 2019-03-29, absent 2019-08-06)
      Aug 6, 2019 · Control person left · inference
    Across DFX
    shared identifiers only, never a name match
    How to reach
    public business contact points only, each with its source
    Website
    OKABENA.COMreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    612-339-7151reportedpublic 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
    Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $530Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026