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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
SEC-registered adviser
L••
Legal name L•••••• F•••••••• A•••••••• I•••
Latest filing Feb 24, 2026
First filing on the tape Feb 10, 2012 · 38 filings
SEC status approved since May 14, 2004
RAUM
$351M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
79%
$277M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$50.2M
derived; firm RAUM over IAPD count
Employees
7
7 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$351M as of Feb 24, 2026
Feb 10, 2012$153M then
HNW client RAUM$194M as of Feb 24, 2026
Feb 12, 2018$126M then
State-registered IARs (5.B.3)7 as of Feb 24, 2026
Feb 10, 20120 then
Employees (5.A)7 as of Feb 24, 2026
Feb 15, 20136 then
Private funds: no history
RAUM +14% over the last fiscal year+13% a year over threeIARs 7 to 7
Practice profile
derived from the filing of Feb 24, 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
- $50.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 71derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.4MderivedHNW RAUM over HNW clients
- Average account
- $407,772derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 96%derivedof RAUM
- Institutional
- 16%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 2.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +5.5%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
- Custody
- $238M, 339 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$194M55%
- Individuals$82.4M23%
- Charitable organizations$34.5M9.8%
- Pension and profit-sharing plans$20.7M5.9%
- Corporations and businesses$19.8M5.6%
- Individual clients
- 419reported
- HNW clients
- 80reported
- Pension plan clients
- 5reported
- Charitable clients
- 6reported
- Accounts
- 862reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $238M for 339 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.79 fund_share=0.0 institutional_share=0.16 related_bd=false related_bank=false bd_reps=6.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| P•••••• P•••••• S•••••••• | St. Cloud, Mn | Dec 4, 2013 | 30 y | 0 |
| J•••• F•••••• S•••••• | St. Cloud, Mn | Dec 4, 2013 | 18 y | 0 |
| S••••• A•••• L•••••• | St. Cloud, Mn | Dec 9, 2013 | 25 y | 0 |
| C••••••••• L• W•••• | St. Cloud, Mn | Jan 9, 2014 | 21 y | 0 |
| K••••••• M•••• F••••• | St. Cloud, Mn | Jun 6, 2014 | 22 y | 1 |
| C••••••••• J••• H••••••• | Brainerd, Mn | Jan 2, 2015 | 26 y | 1 |
| J••••••• L• L••••••••• | St. Cloud, Mn | Apr 18, 2019 | 12 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
- M•••••• B•••• C••••••• to P•••••••• S••••••••• I•••Dec 31, 2010 · Other
Joined, latest
- C••••••••• J••• H••••••• from C••••• A•••••• N••••••• L••Jan 2, 2015 · Other
- K••••••• M•••• F••••• from S••••••••• A•••••• A•••••••• I•••Jun 6, 2014 · Other
- M•••••• B•••• C••••••• from U•• F•••••••• S••••••• I•••May 21, 2010 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- F•••••• K•••••••• M•••• · Chief Compliance Officercontrolsince 06/2014 · owns less than 5%
- S••••••• J••••• F•••••• · Vice President, Chief Operations Officercontrolsince 01/2020 · owns 25% to 50%
- W••••• C••••••••• L• · President, Ceocontrolsince 01/2020 · owns 50% to 75%
- L••••••• S•••••• A•••• · Secretarysince 01/2020 · owns less than 5%
Related persons
Schedule D 7.A
- L•••••• I•••••••• S•••••••• I•••real estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| St Cloud, Mn | 7 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Alexandria, MN5 employees
- Brainerd, MN1 employees
What changed
consecutive filings, newest first
- Accounts · 803 to 862Feb 4, 2025 to Feb 24, 2026
- Charity clients · 5 to 6Feb 4, 2025 to Feb 24, 2026
- Corporate clients · 7 to 8Feb 4, 2025 to Feb 24, 2026
- HNW clients · 89 to 80Feb 4, 2025 to Feb 24, 2026
- Individual clients · 384 to 419Feb 4, 2025 to Feb 24, 2026
- Assets in custody · $181M to $238MFeb 4, 2025 to Feb 24, 2026
- Discretionary RAUM · $298M to $339MFeb 4, 2025 to Feb 24, 2026
- HNW RAUM · $186M to $194MFeb 4, 2025 to Feb 24, 2026
- Individual RAUM · $71.1M to $82.4MFeb 4, 2025 to Feb 24, 2026
- Non-discretionary RAUM · $11.4M to $12.9MFeb 4, 2025 to Feb 24, 2026
- Pension RAUM · $18.7M to $20.7MFeb 4, 2025 to Feb 24, 2026
- RAUM · $309M to $351MFeb 4, 2025 to Feb 24, 2026
- Accounts · 754 to 803Mar 5, 2024 to Feb 4, 2025
- Charity clients · 3 to 5Mar 5, 2024 to Feb 4, 2025
- Corporate clients · 8 to 7Mar 5, 2024 to Feb 4, 2025
- HNW clients · 82 to 89Mar 5, 2024 to Feb 4, 2025
- Individual clients · 365 to 384Mar 5, 2024 to Feb 4, 2025
- Assets in custody · $121M to $181MMar 5, 2024 to Feb 4, 2025
- Financial planning clients · 51-100 to 51-100Mar 5, 2024 to Feb 4, 2025
- Discretionary RAUM · $269M to $298MMar 5, 2024 to Feb 4, 2025
- HNW RAUM · $165M to $186MMar 5, 2024 to Feb 4, 2025
- Individual RAUM · $64.2M to $71.1MMar 5, 2024 to Feb 4, 2025
- Non-discretionary RAUM · $11.4M to $11.4MMar 5, 2024 to Feb 4, 2025
- Pension RAUM · $17.1M to $18.7MMar 5, 2024 to Feb 4, 2025
- RAUM · $280M to $309MMar 5, 2024 to Feb 4, 2025
- Accounts · 437 to 754Feb 15, 2023 to Mar 5, 2024
- Advisory employees · 8 to 7Feb 15, 2023 to Mar 5, 2024
- BD registered reps · 8 to 6Feb 15, 2023 to Mar 5, 2024
- Charity clients · unset to 3.0Feb 15, 2023 to Mar 5, 2024
- Corporate clients · 9 to 8Feb 15, 2023 to Mar 5, 2024
- HNW clients · 69 to 82Feb 15, 2023 to Mar 5, 2024
- Individual clients · 350 to 365Feb 15, 2023 to Mar 5, 2024
- Pension plan clients · 7 to 5Feb 15, 2023 to Mar 5, 2024
- Assets in custody · $106M to $121MFeb 15, 2023 to Mar 5, 2024
- Employees · 8 to 7Feb 15, 2023 to Mar 5, 2024
- Financial planning clients · 26-50 to 51-100Feb 15, 2023 to Mar 5, 2024
- State-registered IARs · 8 to 7Feb 15, 2023 to Mar 5, 2024
- Discretionary RAUM · $234M to $269MFeb 15, 2023 to Mar 5, 2024
- HNW RAUM · $138M to $165MFeb 15, 2023 to Mar 5, 2024
- Individual RAUM · $61.5M to $64.2MFeb 15, 2023 to Mar 5, 2024
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
- Business email
- i•••@l•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- k••@l•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- c••••@l•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 320-259-0557reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 218-828-4927reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 320-253-2490reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- l•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 320-253-2490reportedpublic record, Form ADV, Feb 24, 2026
- Contact form
- l•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- l•••••••••.comreportedpublished by the firm, firm site, Sep 15, 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
- $50.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026