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
Liberty Financial Group, Inc.
Latest filing Mar 30, 2026
First filing on the tape Jan 31, 2012 · 12 filings
SEC status approved since May 4, 2022
RAUM
$194M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
100%
$194M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$97.2M
derived; firm RAUM over IAPD count
Employees
5
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$194M as of Mar 30, 2026
Jan 31, 2012$71.8M then
HNW client RAUM$78.3M as of Mar 30, 2026
Mar 31, 2023$14.8M then
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Jan 31, 20120 then
Employees (5.A)5 as of Mar 30, 2026
Mar 31, 20238 then
Private funds: no history
RAUM +55% over the last fiscal year+24% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- $97.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 119derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.8MderivedHNW RAUM over HNW clients
- Average account
- $253,678derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +55%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- +21%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$116M60%
- High-net-worth individuals$78.3M40%
- Individual clients
- 210reported
- HNW clients
- 28reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 766reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Michael Francis Wesolowski | Elm Grove, Wi | Sep 15, 2025 | 13 y | 2 |
| Jaydon Jedi Wargin | Elm Grove, Wi | May 21, 2026 | 12 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 50% of current headcount1 left over 36 months
Left, latest
- Granthem James Beck to Annex Wealth Management, LLCMay 21, 2026 · RIA to RIA
- Brittany Lynn Falkner to Charter Capital Management, IncJan 16, 2020 · Other
- Kirk Robert Hackbarth to Guidant Wealth AdvisorsJan 17, 2019 · Other
Joined, latest
- Michael Francis Wesolowski from Voyager Capital Management, LLCSep 15, 2025 · RIA to RIA
- Granthem James Beck from Curi Capital, LLCFeb 24, 2023 · RIA to RIA
- Brittany Lynn Falkner from Financial Service Group IncJul 17, 2019 · Other
- Kirk Robert Hackbarth from Richardson Capital Management, LLCAug 24, 2016 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Lesley Shannon Nook · President/Ccocontrolsince 01/2021 · 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 |
|---|---|---|---|---|---|
| Elm Grove, Wi · principal | 2 | 1 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM up 50 %Change between filings · filing Mar 30, 2026RAUM (Item 5.F) moved from $125,162,344 to $194,317,321 (+55.0%) between the annual amendments of 2025-01-23 and 2026-03-30; the peer median change was +15.0% (4551 comparable advisers, 96.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,551) · 96% percentile
What changed
consecutive filings, newest first
- Accounts · 639 to 766Jan 23, 2025 to Mar 30, 2026
- HNW clients · 26 to 28Jan 23, 2025 to Mar 30, 2026
- Individual clients · 170 to 210Jan 23, 2025 to Mar 30, 2026
- Employees · 6 to 5Jan 23, 2025 to Mar 30, 2026
- Insurance-licensed employees · 0 to 1Jan 23, 2025 to Mar 30, 2026
- Discretionary RAUM · $124M to $193MJan 23, 2025 to Mar 30, 2026
- HNW RAUM · $56.4M to $78.3MJan 23, 2025 to Mar 30, 2026
- Individual RAUM · $68.8M to $116MJan 23, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $911,786 to $1.4MJan 23, 2025 to Mar 30, 2026
- RAUM · $125M to $194MJan 23, 2025 to Mar 30, 2026
- Related adviser · false to trueJan 23, 2025 to Mar 30, 2026
- Accounts · 608 to 639Mar 15, 2024 to Jan 23, 2025
- Advisory employees · 2 to 1Mar 15, 2024 to Jan 23, 2025
- Individual clients · 166 to 170Mar 15, 2024 to Jan 23, 2025
- Employees · 8 to 6Mar 15, 2024 to Jan 23, 2025
- Financial planning clients · 101-250 to 101-250Mar 15, 2024 to Jan 23, 2025
- Discretionary RAUM · $113M to $124MMar 15, 2024 to Jan 23, 2025
- HNW RAUM · $52.7M to $56.4MMar 15, 2024 to Jan 23, 2025
- Individual RAUM · $61.2M to $68.8MMar 15, 2024 to Jan 23, 2025
- Non-discretionary RAUM · $521,668 to $911,786Mar 15, 2024 to Jan 23, 2025
- RAUM · $114M to $125MMar 15, 2024 to Jan 23, 2025
- Accounts · 602 to 608Dec 4, 2023 to Mar 15, 2024
- HNW clients · 3 to 26Dec 4, 2023 to Mar 15, 2024
- Individual clients · 195 to 166Dec 4, 2023 to Mar 15, 2024
- Assets in custody · 7089471.0 to unsetDec 4, 2023 to Mar 15, 2024
- Custody of client assets · true to falseDec 4, 2023 to Mar 15, 2024
- Discretionary RAUM · $101M to $113MDec 4, 2023 to Mar 15, 2024
- HNW RAUM · $14.8M to $52.7MDec 4, 2023 to Mar 15, 2024
- Individual RAUM · $87.1M to $61.2MDec 4, 2023 to Mar 15, 2024
- Non-discretionary RAUM · $542,417 to $521,668Dec 4, 2023 to Mar 15, 2024
- RAUM · $102M to $114MDec 4, 2023 to Mar 15, 2024
- Discretionary RAUM · $87.1M to $101MMar 31, 2023 to Jun 23, 2023
- Individual RAUM · $87.1M to $87.1MMar 31, 2023 to Jun 23, 2023
- Non-discretionary RAUM · $14.8M to $542,417Mar 31, 2023 to Jun 23, 2023
- RAUM · $102M to $102MMar 31, 2023 to Jun 23, 2023
- Accounts · 185 to 602Jun 7, 2022 to Mar 31, 2023
- HNW clients · unset to 3.0Jun 7, 2022 to Mar 31, 2023
- Individual clients · 182 to 195Jun 7, 2022 to Mar 31, 2023
- State-registered IARs · 2 to 0Jun 7, 2022 to Mar 31, 2023
- Discretionary RAUM · $114M to $87.1MJun 7, 2022 to Mar 31, 2023
Signals
5 dated events
- Granthem James Beck left Liberty Financial Group, Inc. for Annex Wealth Management, Llc (registered 2026-01-13)May 21, 2026 · Advisor changed firm · fact
- Mark Thomas Wargin (Cco) no longer on Schedule A of Liberty Financial Group, Inc. (listed 2023-06-23, absent 2023-12-04)Dec 4, 2023 · Control person left · inference
- Lesley Shannon Nook (President) appeared on Schedule A of Liberty Financial Group, Inc.Apr 1, 2022 · Control person joined · fact
- Ann June Schroeder (Vice President And Secretary) no longer on Schedule A of Liberty Financial Group, Inc. (listed 2012-04-12, absent 2022-04-01)Apr 1, 2022 · Control person left · inference
- Liberty Financial Group, Inc. filed its initial SEC registration (Form ADV)Apr 1, 2022 · 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
- Business phone
- 262-785-1377reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 262-785-6655reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/liberty-financial-group-inc./?viewAsMemreportedpublic record, Form ADV, Sep 17, 2026
- Website
- LIBERTYFINANCIALGROUP.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 262-785-1377reportedpublic record, Form ADV, Mar 30, 2026
- Team page
- lfgwi.com/who-we-arereportedpublished by the firm, firm site, Sep 16, 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
- $97.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026