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

Elderado Financial, Inc

Independent wealth managerMontrose, ColoradoCRD 112908SEC 801-121234websiteIAPD
Latest filing Feb 9, 2026
First filing on the tape Feb 8, 2012 · 11 filings
SEC status approved since May 17, 2021
RAUM
$237M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$237M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$39.5M
derived; firm RAUM over IAPD count
Employees
5
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$237M as of Feb 9, 2026
Feb 8, 2012$51.4M then
HNW client RAUM$120M as of Feb 9, 2026
Feb 11, 2022$65.8M then
State-registered IARs (5.B.3)5 as of Feb 9, 2026
Feb 11, 20225 then
Employees (5.A)5 as of Feb 9, 2026
Feb 11, 20225 then
Private funds: no history
RAUM +22% over the last fiscal year+19% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Feb 9, 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
RAUM per advisor
$39.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
69derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.9MderivedHNW RAUM over HNW clients
Average account
$221,502derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
0.8derivedItem 5.A over advisors
Advisors per office
6.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+22%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+4.0%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, publications, educational seminarsreportedItem 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$120M51%
  • Individuals$117M49%
Individual clients
351reported
HNW clients
62reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
1,071reported
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
6 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Janet K ElderMontrose, CoJan 1, 199922 y0
Jim M ElderMontrose, CoJan 1, 199930 y0
Adam J. MillerCertified Financial PlannerMontrose, CoJul 20, 200719 y0
Jaimee Leigh CarnesCertified Financial PlannerMontrose, CoJan 4, 202013 y0
Daniel B CarnesMontrose, CoJan 23, 202010 y0
Nathan Rush ManesMontrose, CoMar 3, 202311 y0
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
Joined, latest
none on the tape
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Leigh Jaimee Carnes · Chief Compliance Officer/ Vice Presidentcontrol
      since 01/2020 · owns less than 5%
    • M Jim Elder · Presidentcontrol
      since 07/1998 · 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
    OfficeAdvisorsJoinedLeftTeams outForming
    Montrose, Co · principal600
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 967 to 1,071
      Feb 19, 2025 to Feb 9, 2026
    • HNW clients · 60 to 62
      Feb 19, 2025 to Feb 9, 2026
    • Individual clients · 337 to 351
      Feb 19, 2025 to Feb 9, 2026
    • Discretionary RAUM · $195M to $237M
      Feb 19, 2025 to Feb 9, 2026
    • HNW RAUM · $98.7M to $120M
      Feb 19, 2025 to Feb 9, 2026
    • Individual RAUM · $96.3M to $117M
      Feb 19, 2025 to Feb 9, 2026
    • RAUM · $195M to $237M
      Feb 19, 2025 to Feb 9, 2026
    • Accounts · 965 to 967
      Oct 10, 2024 to Feb 19, 2025
    • HNW clients · 58 to 60
      Oct 10, 2024 to Feb 19, 2025
    • Individual clients · 341 to 337
      Oct 10, 2024 to Feb 19, 2025
    • Financial planning clients · 101-250 to 101-250
      Oct 10, 2024 to Feb 19, 2025
    • Discretionary RAUM · $195M to $195M
      Oct 10, 2024 to Feb 19, 2025
    • HNW RAUM · $96.6M to $98.7M
      Oct 10, 2024 to Feb 19, 2025
    • Individual RAUM · $98.3M to $96.3M
      Oct 10, 2024 to Feb 19, 2025
    • RAUM · $195M to $195M
      Oct 10, 2024 to Feb 19, 2025
    • Accounts · 942 to 965
      Mar 4, 2024 to Oct 10, 2024
    • HNW clients · 50 to 58
      Mar 4, 2024 to Oct 10, 2024
    • Individual clients · 348 to 341
      Mar 4, 2024 to Oct 10, 2024
    • Discretionary RAUM · $172M to $195M
      Mar 4, 2024 to Oct 10, 2024
    • HNW RAUM · $80.4M to $96.6M
      Mar 4, 2024 to Oct 10, 2024
    • Individual RAUM · $91.8M to $98.3M
      Mar 4, 2024 to Oct 10, 2024
    • RAUM · $172M to $195M
      Mar 4, 2024 to Oct 10, 2024
    • Accounts · 907 to 942
      Mar 10, 2023 to Mar 4, 2024
    • HNW clients · 36 to 50
      Mar 10, 2023 to Mar 4, 2024
    • Individual clients · 331 to 348
      Mar 10, 2023 to Mar 4, 2024
    • Discretionary RAUM · $142M to $172M
      Mar 10, 2023 to Mar 4, 2024
    • HNW RAUM · $58.3M to $80.4M
      Mar 10, 2023 to Mar 4, 2024
    • Individual RAUM · $83.7M to $91.8M
      Mar 10, 2023 to Mar 4, 2024
    • RAUM · $142M to $172M
      Mar 10, 2023 to Mar 4, 2024
    • Accounts · 825 to 907
      Aug 3, 2022 to Mar 10, 2023
    • HNW clients · 40 to 36
      Aug 3, 2022 to Mar 10, 2023
    • Individual clients · 291 to 331
      Aug 3, 2022 to Mar 10, 2023
    • Pension plan clients · unset to 0.0
      Aug 3, 2022 to Mar 10, 2023
    • Discretionary RAUM · $148M to $142M
      Aug 3, 2022 to Mar 10, 2023
    • HNW RAUM · $65.8M to $58.3M
      Aug 3, 2022 to Mar 10, 2023
    • Individual RAUM · $82.1M to $83.7M
      Aug 3, 2022 to Mar 10, 2023
    • Pension RAUM · unset to 0.0
      Aug 3, 2022 to Mar 10, 2023
    • RAUM · $148M to $142M
      Aug 3, 2022 to Mar 10, 2023
    • Accounts · 730 to 825
      Jul 27, 2021 to Feb 11, 2022
    • HNW clients · 27 to 40
      Jul 27, 2021 to Feb 11, 2022
    Signals
    4 dated events
    • Leigh Jaimee Carnes (Chief Compliance Officer) appeared on Schedule A of Elderado Financial, Inc
      Apr 15, 2021 · Control person joined · fact
    • K Janet Elder (Treasurer) no longer on Schedule A of Elderado Financial, Inc (listed 2012-02-08, absent 2021-04-15)
      Apr 15, 2021 · Control person left · inference
    • J. Adam Miller (President) no longer on Schedule A of Elderado Financial, Inc (listed 2012-02-08, absent 2021-04-15)
      Apr 15, 2021 · Control person left · inference
    • Elderado Financial, Inc filed its initial SEC registration (Form ADV)
      Apr 15, 2021 · 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
    970-249-9900reportedpublished by the firm, firm site, Sep 17, 2026
    Firm profile
    linkedin.com/company/elderado-financialreportedpublic record, Form ADV, Sep 17, 2026
    Website
    PRESTIGEADVISORS.COMreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    970-249-9900reportedpublic record, Form ADV, Feb 9, 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
    $39.5Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026