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.

Former SEC-registered adviser

National Investment Services, Inc

Former SEC-registered adviserMilwaukee, WisconsinCRD 111746SEC 801-45236IAPD
Latest filing May 31, 2019
First filing on the tape Nov 8, 2011 · 25 filings
RAUM
$7.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
1.0%
$73.4M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
38
14 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
12
$3.3B gross assets
History
25 filings and snapshots on the tape
RAUM$7.2B as of Mar 27, 2019
Mar 30, 2012$2.9B then
HNW client RAUM: no history
State-registered IARs (5.B.3)11 as of Mar 27, 2019
Feb 28, 20137 then
Employees (5.A)38 as of Mar 27, 2019
Feb 28, 201324 then
Private funds12 as of Mar 27, 2019
Mar 30, 20127 then
RAUM +7.4% over the last fiscal year+14% a year over threeIARs 10 to 11
Practice profile
derived from the filing of May 31, 2019; every figure names its basis
RAUM per advisor
$657MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$13.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
94%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.5derivedItem 5.A over advisors
Advisors per office
3.7derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+7.4%derivedbetween the last two annual amendments
Advisor growth, one year
+10%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$3.3B, 12 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pension and profit-sharing plans$5.8B81%
  • Charitable organizations$546M7.6%
  • State and municipal entities$417M5.8%
  • Pooled investment vehicles$201M2.8%
  • Corporations and businesses$163M2.3%
  • Individuals$73.4M1.0%
Individual clients
112reported
HNW clients
n/areported
Pension plan clients
189reported
Charitable clients
38reported
Accounts
536reported
Financial planning clients
n/areported
Wrap fee programs
$0 sponsored, $15.8M managedreported
Custody of client assets
$3.3B for 12 clientsreported
Compensation
% of AUM, performancereported
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
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    2 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Nis Preferred Stock Fund III, LLCno longer reportedOther Private Fund$00Mar 30, 2012
    Nis Preferred Stock Fund, LLCno longer reportedOther Private Fund$00Mar 30, 2012
    Owners and control persons
    Schedule A and B, latest filing
    • Robert Mark Anderson · Chief Strategy Officercontrol
      since 07/2014 · owns less than 5%
    • Christopher Jason Berrie · Co-Chief Investment Officercontrol
      since 07/2014 · owns less than 5%
    • Patrick Robert Brooks · Chief Executive Officercontrol
      since 07/2014 · owns less than 5%
    • P John Fremgen · Principal, Managing Partnercontrol
      since 07/2014 · owns less than 5%
    • Harold Larry Haslee · Chief Compliance Officercontrol
      since 07/2014 · owns less than 5%
    • Joseph Bartlett Mccartin · Principal, Managing Partnercontrol
      since 07/2014 · owns less than 5%
    • James Tyler Pullen · Chief Equity Officercontrol
      since 07/2017 · owns less than 5%
    • Edward Norman Sidler · Principal, Managing Partnercontrol
      since 07/2014 · owns less than 5%
    • Orile Scott Van Lith · Chief Financial Officercontrol
      since 07/2017 · owns less than 5%
    • Jay Kent White · Co-Chief Investment Officercontrol
      since 07/2014 · owns less than 5%
    • Robert Mark Anderson · Chief Strategy Officercontrol
      since 07/2014 · owns F of Nis Holding Corporation
    • Christopher Jason Berrie · Co-Chief Investment Officercontrol
      since 07/2014 · owns F of Nis Holding Corporation
    • Patrick Robert Brooks · Chief Executive Officercontrol
      since 07/2014 · owns F of Nis Holding Corporation
    • P John Fremgen · Principal, Managing Partnercontrol
      since 07/2014 · owns F of Nis Holding Corporation
    • Harold Larry Haslee · Chief Compliance Officercontrol
      since 07/2014 · owns F of Nis Holding Corporation
    • Joseph Bartlett Mccartin · Principal, Managing Partnercontrol
      since 07/2014 · owns F of Nis Holding Corporation
    • James Tyler Pullen · Chief Equity Officercontrol
      since 07/2017 · owns F of Nis Holding Corporation
    • Edward Norman Sidler · Principal, Managing Partnercontrol
      since 07/2014 · owns F of Nis Holding Corporation
    • Orile Scott Van Lith · Chief Financial Officercontrol
      since 07/2017 · owns F of Nis Holding Corporation
    • Jay Kent White · Co-Chief Investment Officercontrol
      since 07/2014 · owns F of Nis Holding Corporation
    Entity owners
    • Nis Holding Corporation · Direct Owner
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Advisers that list National Investment Services, Inc as a related person
    Offices
    Schedule D 1.F, the 25 largest
    • Chicago, IL7 employees
    • Sarasota, FL6 employees
    What changed
    consecutive filings, newest first
    • Accounts · 500 to 536
      Oct 30, 2018 to Mar 27, 2019
    • Corporate clients · 9 to 6
      Oct 30, 2018 to Mar 27, 2019
    • Individual clients · 124 to 112
      Oct 30, 2018 to Mar 27, 2019
    • Pension plan clients · 175 to 189
      Oct 30, 2018 to Mar 27, 2019
    • Assets in custody · $2.9B to $3.3B
      Oct 30, 2018 to Mar 27, 2019
    • Employees · 37 to 38
      Oct 30, 2018 to Mar 27, 2019
    • State-registered IARs · 10 to 11
      Oct 30, 2018 to Mar 27, 2019
    • Discretionary RAUM · $6.7B to $7.2B
      Oct 30, 2018 to Mar 27, 2019
    • Individual RAUM · $83.4M to $73.4M
      Oct 30, 2018 to Mar 27, 2019
    • Pension RAUM · $5.4B to $5.8B
      Oct 30, 2018 to Mar 27, 2019
    • Pooled vehicle RAUM · $188M to $201M
      Oct 30, 2018 to Mar 27, 2019
    • RAUM · $6.7B to $7.2B
      Oct 30, 2018 to Mar 27, 2019
    • Wrap assets (manager) · $23.9M to $15.8M
      Oct 30, 2018 to Mar 27, 2019
    • Accounts · 360 to 500
      Mar 31, 2017 to Mar 29, 2018
    • Advisory employees · 13 to 14
      Mar 31, 2017 to Mar 29, 2018
    • Charity clients · unset to 38.0
      Mar 31, 2017 to Mar 29, 2018
    • Corporate clients · unset to 9.0
      Mar 31, 2017 to Mar 29, 2018
    • Individual clients · unset to 124.0
      Mar 31, 2017 to Mar 29, 2018
    • Pension plan clients · unset to 175.0
      Mar 31, 2017 to Mar 29, 2018
    • Pooled vehicle clients · unset to 12.0
      Mar 31, 2017 to Mar 29, 2018
    • Assets in custody · $2.7B to $2.9B
      Mar 31, 2017 to Mar 29, 2018
    • Employees · 36 to 37
      Mar 31, 2017 to Mar 29, 2018
    • State-registered IARs · 6 to 10
      Mar 31, 2017 to Mar 29, 2018
    • Other offices · unset to 2.0
      Mar 31, 2017 to Mar 29, 2018
    • Private funds · 7 to 12
      Mar 31, 2017 to Mar 29, 2018
    • Discretionary RAUM · $6.4B to $6.7B
      Mar 31, 2017 to Mar 29, 2018
    • Individual RAUM · unset to 83422000.0
      Mar 31, 2017 to Mar 29, 2018
    • Pension RAUM · unset to 5405563000.0
      Mar 31, 2017 to Mar 29, 2018
    • Pooled vehicle RAUM · unset to 188182000.0
      Mar 31, 2017 to Mar 29, 2018
    • RAUM · $6.4B to $6.7B
      Mar 31, 2017 to Mar 29, 2018
    • Wrap assets (manager) · unset to 23869000.0
      Mar 31, 2017 to Mar 29, 2018
    • Wrap assets (sponsor) · unset to 0.0
      Mar 31, 2017 to Mar 29, 2018
    • Accounts · 344 to 360
      Sep 2, 2016 to Mar 31, 2017
    • Advisory employees · 11 to 13
      Sep 2, 2016 to Mar 31, 2017
    • Assets in custody · $2.1B to $2.7B
      Sep 2, 2016 to Mar 31, 2017
    • Employees · 35 to 36
      Sep 2, 2016 to Mar 31, 2017
    • State-registered IARs · 9 to 6
      Sep 2, 2016 to Mar 31, 2017
    • Discretionary RAUM · $4.9B to $6.4B
      Sep 2, 2016 to Mar 31, 2017
    • RAUM · $4.9B to $6.4B
      Sep 2, 2016 to Mar 31, 2017
    • Accounts · 290 to 344
      Aug 13, 2015 to Mar 29, 2016
    Signals
    No event on the tape.
    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