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
W••••••••• L•••
Latest filing Feb 2, 2026
First filing on the tape Mar 5, 2012 · 28 filings
SEC status approved since Feb 18, 2014
RAUM
$160M
reported, Item 5.F
Discretionary
95%
of RAUM
Private clients
100%
$160M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$160M as of Feb 2, 2026
May 1, 2012$79.9M then
HNW client RAUM$113M as of Feb 2, 2026
Jan 23, 2024$136M then
State-registered IARs (5.B.3)2 as of Feb 2, 2026
Feb 27, 20150 then
Employees (5.A)2 as of Feb 2, 2026
Feb 27, 20152 then
Private funds: no history
RAUM -16% over the last fiscal year-5.0% a year over threeIARs 3 to 2
Practice profile
derived from the filing of Feb 2, 2026; every figure names its basis
- RAUM per advisor
- $80.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 121derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.5MderivedHNW RAUM over HNW clients
- Average account
- $663,802derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 95%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -16%derivedbetween the last two annual amendments
- Advisor growth, one year
- -33%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +60%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- portfolio management for individualsreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Custody
- $152M, 227 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$113M71%
- Individuals$46.7M29%
- Individual clients
- 196reported
- HNW clients
- 45reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 241reported
- Financial planning clients
- reported
- Wrap fee programs
- $0 sponsored, $4.1M managedreported
- Custody of client assets
- $152M for 227 clientsreported
- Compensation
- % of AUM, 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
1 left, 0 joined in 12 months
net -1 in 12 months1 left in 90 days0 joined in 90 days1 left over 36 months
Left, latest
- W•••••• R••••• W••••• to P••••• I••••••••• A•••••••• I•••Jul 1, 2026 · RIA to RIA
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- R••••• A•••• P•••••• · Vice President/Secretarycontrolsince 06/2022 · owns 25% to 50%
- W•••••• W••••••• R••••• · Vice President/Treasurercontrolsince 04/1993 · owns 50% to 75%
- N••••••• S•••••• R••• · Chief Compliance Officersince 10/2004 · owns 10% to 25%
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 |
|---|---|---|---|---|---|
| Delafield, Wi · principal | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 286 to 241Sep 4, 2025 to Feb 2, 2026
- HNW clients · 43 to 45Sep 4, 2025 to Feb 2, 2026
- Individual clients · 108 to 196Sep 4, 2025 to Feb 2, 2026
- Assets in custody · $175M to $152MSep 4, 2025 to Feb 2, 2026
- Insurance-licensed employees · 0 to 1Sep 4, 2025 to Feb 2, 2026
- Discretionary RAUM · $184M to $152MSep 4, 2025 to Feb 2, 2026
- HNW RAUM · $170M to $113MSep 4, 2025 to Feb 2, 2026
- Individual RAUM · $20.7M to $46.7MSep 4, 2025 to Feb 2, 2026
- Non-discretionary RAUM · $6.9M to $7.6MSep 4, 2025 to Feb 2, 2026
- RAUM · $191M to $160MSep 4, 2025 to Feb 2, 2026
- Wrap assets (manager) · $3.9M to $4.1MSep 4, 2025 to Feb 2, 2026
- Advisory employees · 3 to 2Feb 14, 2025 to Sep 4, 2025
- Employees · 3 to 2Feb 14, 2025 to Sep 4, 2025
- State-registered IARs · 3 to 2Feb 14, 2025 to Sep 4, 2025
- Accounts · 306 to 286Jan 23, 2024 to Feb 14, 2025
- HNW clients · 46 to 43Jan 23, 2024 to Feb 14, 2025
- Individual clients · 260 to 108Jan 23, 2024 to Feb 14, 2025
- Assets in custody · $183M to $175MJan 23, 2024 to Feb 14, 2025
- Financial planning clients · unset to Jan 23, 2024 to Feb 14, 2025
- Discretionary RAUM · $183M to $184MJan 23, 2024 to Feb 14, 2025
- HNW RAUM · $136M to $170MJan 23, 2024 to Feb 14, 2025
- Individual RAUM · $59.3M to $20.7MJan 23, 2024 to Feb 14, 2025
- Non-discretionary RAUM · $12.5M to $6.9MJan 23, 2024 to Feb 14, 2025
- RAUM · $195M to $191MJan 23, 2024 to Feb 14, 2025
- Wrap assets (manager) · $3.9M to $3.9MJan 23, 2024 to Feb 14, 2025
- Accounts · 326 to 306Aug 18, 2023 to Jan 23, 2024
- HNW clients · unset to 46.0Aug 18, 2023 to Jan 23, 2024
- Individual clients · 109 to 260Aug 18, 2023 to Jan 23, 2024
- Assets in custody · $180M to $183MAug 18, 2023 to Jan 23, 2024
- Financial planning clients · 0 to unsetAug 18, 2023 to Jan 23, 2024
- Discretionary RAUM · $186M to $183MAug 18, 2023 to Jan 23, 2024
- HNW RAUM · unset to 135836530.0Aug 18, 2023 to Jan 23, 2024
- Individual RAUM · $186M to $59.3MAug 18, 2023 to Jan 23, 2024
- Non-discretionary RAUM · $301,500 to $12.5MAug 18, 2023 to Jan 23, 2024
- RAUM · $186M to $195MAug 18, 2023 to Jan 23, 2024
- Wrap assets (manager) · $4.7M to $3.9MAug 18, 2023 to Jan 23, 2024
- Accounts · 109 to 326Mar 30, 2023 to Jun 22, 2023
- Assets in custody · unset to 179686000.0Mar 30, 2023 to Jun 22, 2023
- Custody of client assets · false to trueMar 30, 2023 to Jun 22, 2023
- Discretionary RAUM · $180M to $186MMar 30, 2023 to Jun 22, 2023
Signals
4 dated events
- W••••••••• L••• no longer on the SEC adviser roster (last listed 2026-07-01, RAUM $160.0M)Aug 3, 2026 · Left the SEC roster · derived
- W•••••• R••••• W••••• left W••••••••• L••• for P••••• I••••••••• A•••••••• I••• (registered 2026-05-04)Jul 1, 2026 · Advisor changed firm · fact
- Patrick Andy Ramer (Vice President/Secretary) appeared on Schedule A of W••••••••• L•••Jul 11, 2022 · Control person joined · fact
- W••••••••• L••• filed its initial SEC registration (Form ADV)Feb 13, 2014 · 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.
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