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

First Associated Investment Advisors, Inc.

Asset manager (funds and pooled vehicles)Duluth, MinnesotaCRD 113086SEC 801-60972websiteIAPD
Latest filing Jun 16, 2026
First filing on the tape Mar 30, 2012 · 19 filings
SEC status approved since Mar 6, 2002
RAUM
$93.1M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$93.1M
derived; firm RAUM over IAPD count
Employees
4
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$93.1M as of Jun 16, 2026
Jun 26, 2012$37.7M then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Jun 16, 2026
Jun 26, 20120 then
Employees (5.A)4 as of Jun 16, 2026
Jun 28, 20133 then
Private funds: no history
RAUM +187% over the last fiscal year+57% a year over threeIARs 0 to 1
Practice profile
derived from the filing of Jun 16, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$93.1MderivedRAUM 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
$93.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+26%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for investment companiesreportedItem 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$93.1M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
E Dennis ZahrbockChartered Financial ConsultantDuluth, Mn Jan 3, 202558 y2
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
none on the tape
    Joined, latest
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Theresa Ann Hockman · Chief Compliance Officercontrol
      since 09/2004 · owns less than 5%
    • Alan Curtis Teberg · Presidentcontrol
      since 04/1995 · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Advisers that list First Associated Investment Advisors, Inc. as a related person
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Discretionary RAUM · $52.2M to $93.1M
      Jun 26, 2025 to Jun 16, 2026
    • RAUM · $52.2M to $93.1M
      Jun 26, 2025 to Jun 16, 2026
    • Employees · 3 to 4
      Jan 10, 2025 to Jun 26, 2025
    • Financial planning clients · unset to
      Jan 10, 2025 to Jun 26, 2025
    • State-registered IARs · 0 to 1
      Jan 10, 2025 to Jun 26, 2025
    • Discretionary RAUM · $41.1M to $52.2M
      Jan 10, 2025 to Jun 26, 2025
    • RAUM · $41.1M to $52.2M
      Jan 10, 2025 to Jun 26, 2025
    • BD registered reps · 3 to 1
      Jun 21, 2023 to Jun 12, 2024
    • Discretionary RAUM · $32.5M to $41.1M
      Jun 21, 2023 to Jun 12, 2024
    • RAUM · $32.5M to $41.1M
      Jun 21, 2023 to Jun 12, 2024
    • Discretionary RAUM · $37.4M to $32.5M
      Jun 24, 2022 to Jun 21, 2023
    • RAUM · $37.4M to $32.5M
      Jun 24, 2022 to Jun 21, 2023
    • Discretionary RAUM · $36.1M to $37.4M
      Jul 13, 2021 to Jun 24, 2022
    • RAUM · $36.1M to $37.4M
      Jul 13, 2021 to Jun 24, 2022
    • Discretionary RAUM · $23.9M to $36.1M
      Jun 24, 2021 to Jul 13, 2021
    • RAUM · $23.9M to $36.1M
      Jun 24, 2021 to Jul 13, 2021
    • Discretionary RAUM · $28.6M to $23.9M
      Jun 26, 2020 to Jun 24, 2021
    • RAUM · $28.6M to $23.9M
      Jun 26, 2020 to Jun 24, 2021
    • Other offices · 1 to 0
      Jun 26, 2019 to Jun 26, 2020
    • Discretionary RAUM · $27.8M to $28.6M
      Jun 26, 2019 to Jun 26, 2020
    • RAUM · $27.8M to $28.6M
      Jun 26, 2019 to Jun 26, 2020
    • Discretionary RAUM · $29.8M to $27.8M
      Dec 27, 2018 to Jun 26, 2019
    • RAUM · $29.8M to $27.8M
      Dec 27, 2018 to Jun 26, 2019
    • Insurance-licensed employees · 1 to 0
      Jun 27, 2017 to Jun 27, 2018
    • Other offices · unset to 1.0
      Jun 27, 2017 to Jun 27, 2018
    • Discretionary RAUM · $29.5M to $29.8M
      Jun 27, 2017 to Jun 27, 2018
    • RAUM · $29.5M to $29.8M
      Jun 27, 2017 to Jun 27, 2018
    • Related broker-dealer · true to false
      Jun 27, 2017 to Jun 27, 2018
    • Advisory activities · 3 to 1
      Jul 1, 2016 to Jun 27, 2017
    • Discretionary RAUM · $30.9M to $29.5M
      Jul 1, 2016 to Jun 27, 2017
    • RAUM · $30.9M to $29.5M
      Jul 1, 2016 to Jun 27, 2017
    • Accounts · 3 to 1
      Jun 30, 2015 to Jul 1, 2016
    • Discretionary RAUM · $121,783 to $30.9M
      Jun 30, 2015 to Jul 1, 2016
    • Non-discretionary RAUM · $35.7M to $0
      Jun 30, 2015 to Jul 1, 2016
    • RAUM · $35.8M to $30.9M
      Jun 30, 2015 to Jul 1, 2016
    • Accounts · 9 to 3
      Jun 27, 2014 to Jun 30, 2015
    • Discretionary RAUM · $33.2M to $121,783
      Jun 27, 2014 to Jun 30, 2015
    • Non-discretionary RAUM · $760,476 to $35.7M
      Jun 27, 2014 to Jun 30, 2015
    • RAUM · $33.9M to $35.8M
      Jun 27, 2014 to Jun 30, 2015
    • Discretionary RAUM · $34.0M to $33.2M
      Jun 28, 2013 to Jun 27, 2014
    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.
    How to reach
    public business contact points only, each with its source
    Website
    TEBERGFUND.COMreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    218-722-8248reportedpublic record, Form ADV, Jun 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
    Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
    RAUM per advisor
    $93.1Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026