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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SEC-registered adviser
M•••••• A•••• P•••••••
Legal name M•••••• A•••• P••••••• L••
Latest filing Apr 1, 2026
First filing on the tape Nov 11, 2014 · 17 filings
SEC status approved since Jan 6, 2015
RAUM
$529M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$265M
derived; firm RAUM over IAPD count
Employees
22
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$529M as of Apr 1, 2026
Mar 30, 2016$135M then
HNW client RAUM: no history
State-registered IARs (5.B.3)2 as of Apr 1, 2026
Mar 30, 20160 then
Employees (5.A)22 as of Apr 1, 2026
Mar 30, 20168 then
Private funds: no history
RAUM +17% over the last fiscal year+18% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Apr 1, 2026; every figure names its basis
- RAUM per advisor
- $265MderivedRAUM 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
- $234,687derivedRAUM 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
- 11.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +17%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for pooled vehiclesreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$529M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 2,256reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- fixed, hourlyreported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| S••••• D•••••• Z••••••••Certified Financial Planner, Chartered Financial Consultant | Apple Valley, Mn | Mar 29, 2019 | 38 y | 0 |
| D••••• J•••• H••••Certified Financial Planner | Apple Valley, Mn | Feb 26, 2025 | 25 y | 0 |
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
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- A•••••••• N•••••••• J••• · Member/Vice Presidentcontrolsince 01/2021 · owns 25% to 50%
- B••••• M•••• W•••••• · Member/Vice Presidentcontrolsince 01/2019 · owns 25% to 50%
- H••••• D•••••• J•••• · Member Manager/Vice Presidentcontrolsince 01/2019 · owns 25% to 50%
- S••••••••• R••••••• M•••• · Member/Vice Presidentcontrolsince 01/2019 · owns 25% to 50%
- Z••••••••• S•••••• D•••••• · President/Ccocontrolsince 01/1988 · owns less than 5%
- Z••••••••• S••••• K•• · Vice Presidentcontrolsince 01/1988 · owns less than 5%
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 |
|---|---|---|---|---|---|
| Apple Valley, Mn · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Apr 1, 2026discretionary share of RAUM of 0% against a peer median of 100% (784 comparable advisers, 0.0th percentile, 33.7 robust deviations)peers: asset managers, $500M to $1B (784) · 0.0% percentile
- client mix shiftChange between filings · filing Apr 1, 2026private-client share of RAUM moved from 100.0% to 0.0% between the annual amendments of 2025-03-28 and 2026-04-01peers: asset managers, $500M to $1B (784)
- business activity changedChange between filings · filing Apr 1, 2026pension consulting (Item 5.G.6): yes on the filing of 2025-03-28, no on the filing of 2026-04-01peers: asset managers, $500M to $1B (784)
- business activity changedChange between filings · filing Apr 1, 2026portfolio management for pooled vehicles (Item 5.G.4): no on the filing of 2025-03-28, yes on the filing of 2026-04-01peers: asset managers, $500M to $1B (784)
What changed
consecutive filings, newest first
- Accounts · 2,223 to 2,256Mar 28, 2025 to Apr 1, 2026
- Advisory activities · 4 to 2Mar 28, 2025 to Apr 1, 2026
- Individual clients · 358.0 to unsetMar 28, 2025 to Apr 1, 2026
- Pooled vehicle clients · unset to 372.0Mar 28, 2025 to Apr 1, 2026
- Employees · 19 to 22Mar 28, 2025 to Apr 1, 2026
- Individual RAUM · 452049040.0 to unsetMar 28, 2025 to Apr 1, 2026
- Non-discretionary RAUM · $452M to $529MMar 28, 2025 to Apr 1, 2026
- Pooled vehicle RAUM · unset to 529453785.0Mar 28, 2025 to Apr 1, 2026
- RAUM · $452M to $529MMar 28, 2025 to Apr 1, 2026
- Accounts · 2,035 to 2,223Mar 25, 2024 to Mar 28, 2025
- Individual clients · 342 to 358Mar 25, 2024 to Mar 28, 2025
- Financial planning clients · 251-500 to 251-500Mar 25, 2024 to Mar 28, 2025
- Individual RAUM · $386M to $452MMar 25, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $386M to $452MMar 25, 2024 to Mar 28, 2025
- RAUM · $386M to $452MMar 25, 2024 to Mar 28, 2025
- Accounts · 1,911 to 2,035Sep 1, 2023 to Mar 25, 2024
- Individual clients · 314 to 342Sep 1, 2023 to Mar 25, 2024
- Employees · 17 to 19Sep 1, 2023 to Mar 25, 2024
- Individual RAUM · $324M to $386MSep 1, 2023 to Mar 25, 2024
- Non-discretionary RAUM · $324M to $386MSep 1, 2023 to Mar 25, 2024
- RAUM · $324M to $386MSep 1, 2023 to Mar 25, 2024
- Accounts · 1,720 to 1,911Mar 31, 2022 to Mar 31, 2023
- Individual clients · 291 to 314Mar 31, 2022 to Mar 31, 2023
- Employees · 16 to 17Mar 31, 2022 to Mar 31, 2023
- Individual RAUM · $368M to $324MMar 31, 2022 to Mar 31, 2023
- Non-discretionary RAUM · $368M to $324MMar 31, 2022 to Mar 31, 2023
- RAUM · $368M to $324MMar 31, 2022 to Mar 31, 2023
- Accounts · 1,393 to 1,720Mar 31, 2021 to Mar 30, 2022
- Individual clients · 256 to 291Mar 31, 2021 to Mar 30, 2022
- Employees · 12 to 16Mar 31, 2021 to Mar 30, 2022
- State-registered IARs · 1 to 2Mar 31, 2021 to Mar 30, 2022
- Individual RAUM · $282M to $368MMar 31, 2021 to Mar 30, 2022
- Non-discretionary RAUM · $282M to $368MMar 31, 2021 to Mar 30, 2022
- RAUM · $282M to $368MMar 31, 2021 to Mar 30, 2022
- Accounts · 1,358 to 1,393Jul 13, 2020 to Mar 31, 2021
- Advisory employees · 1 to 2Jul 13, 2020 to Mar 31, 2021
- Individual clients · 233 to 256Jul 13, 2020 to Mar 31, 2021
- Financial planning clients · 101-250 to 251-500Jul 13, 2020 to Mar 31, 2021
- State-registered IARs · 0 to 1Jul 13, 2020 to Mar 31, 2021
- Individual RAUM · $226M to $282MJul 13, 2020 to Mar 31, 2021
Signals
2 dated events
- M•••••• A•••• P••••••• reported succeeding to the business of Another Adviser (Form ADV Item 4)Mar 2, 2018 · Succession (Item 4) · fact
- M•••••• A•••• P••••••• filed its initial SEC registration (Form ADV)Nov 11, 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.
How to reach
public business contact points only, each with its source
- Website
- M••••••P•••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 952-432-4666reportedpublic record, Form ADV, Apr 1, 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
- $265Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026