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

Hfg Advisors

Former SEC-registered adviserGreenwood Village, ColoradoCRD 113511SEC 801-135030websiteIAPD
Legal name Hfg Colorado, Inc.
Latest filing Mar 20, 2026
First filing on the tape Jan 7, 2026 · 3 filings
SEC status approved since Jan 7, 2026
RAUM
$109M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
100%
$109M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
3 filings and snapshots on the tape
RAUM$109M as of Mar 20, 2026
Jan 7, 2026$109M then
HNW client RAUM$18.0M as of Mar 20, 2026
Jan 7, 2026$18.0M then
State-registered IARs (5.B.3)3 as of Mar 20, 2026
Jan 7, 20264 then
Employees (5.A)4 as of Mar 20, 2026
Jan 7, 20265 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Mar 20, 2026; every figure names its basis
RAUM per advisor
$36.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
152derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$858,885derivedHNW RAUM over HNW clients
Average account
$196,331derivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$90.7M83%
  • High-net-worth individuals$18.0M17%
Individual clients
435reported
HNW clients
21reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
554reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
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
5 left, 0 joined in 12 months
net -5 in 12 months4 left in 90 days0 joined in 90 days5 left over 36 months
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
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    No Schedule A on the extract for this adviser.
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Aurora, Co0021
    Greenwood Village, Co · principal0031
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Advisory employees · 5 to 4
      Feb 2, 2026 to Mar 20, 2026
    • Employees · 5 to 4
      Feb 2, 2026 to Mar 20, 2026
    • State-registered IARs · 4 to 3
      Feb 2, 2026 to Mar 20, 2026
    • Other offices · 1 to 0
      Feb 2, 2026 to Mar 20, 2026
    Signals
    8 dated events
    • Hfg Advisors no longer on the SEC adviser roster (last listed 2026-08-03, RAUM $108.8M)
      Sep 1, 2026 · Left the SEC roster · derived
    • Eric C Fischer left Hfg Advisors for Farther (registered 2026-04-01)
      Aug 31, 2026 · Advisor changed firm · fact
    • Ryan Christopher Gappinger left Hfg Advisors for Farther (registered 2026-04-02)
      Aug 31, 2026 · Advisor changed firm · fact
    • Alan Joseph Gappinger left Hfg Advisors for Walnut Street Advisers Inc (registered 2001-10-17)
      Aug 31, 2026 · Advisor changed firm · fact
    • David Joseph Bromeier left Hfg Advisors for Walnut Street Advisers Inc (registered 2001-11-16)
      Aug 31, 2026 · Advisor changed firm · fact
    • 2 advisors left Hfg Advisors (Greenwood Village, CO) for Farther on the same day
      Aug 31, 2026 · Team lift-out · derived
    • 2 advisors left Hfg Advisors (Aurora, CO) for Walnut Street Advisers Inc on the same day
      Aug 31, 2026 · Team lift-out · derived
    • Paul Douglas Mclemore left Hfg Advisors for Intervest International, Inc. (registered 2020-03-25)
      Mar 20, 2026 · Advisor changed firm · 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