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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Former SEC-registered adviser

L•••••••• W••••• M••••••••• L••

Former SEC-registered adviserMinnetonka, MinnesotaCRD 114727SEC 801-78361IAPD
Latest filing Mar 31, 2021
First filing on the tape Feb 16, 2012 · 16 filings
RAUM
$163M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
100%
$163M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$163M as of Mar 31, 2021
Feb 16, 2012$79.2M then
HNW client RAUM$40.5M as of Mar 31, 2021
Mar 27, 2018$34.8M then
State-registered IARs (5.B.3)2 as of Mar 31, 2021
Feb 16, 20120 then
Employees (5.A)5 as of Mar 31, 2021
Feb 14, 20145 then
Private funds: no history
RAUM +11% over the last fiscal year+6.8% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 31, 2021; every figure names its basis
RAUM per advisor
$81.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
220derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.5MderivedHNW RAUM over HNW clients
Average account
$147,795derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.5derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+11%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+8.9%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 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
  • Individuals$123M75%
  • High-net-worth individuals$40.5M25%
Individual clients
412reported
HNW clients
27reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
1,106reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
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
Joined, latest
none on the tape
    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
      • K••••• B••••• C•••••• · President And Chief Compliance Officercontrol
        since 02/2004 · owns 75% or more
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 1,076 to 1,106
        Jun 30, 2020 to Mar 31, 2021
      • HNW clients · 31 to 27
        Jun 30, 2020 to Mar 31, 2021
      • Individual clients · 372 to 412
        Jun 30, 2020 to Mar 31, 2021
      • Discretionary RAUM · $145M to $161M
        Jun 30, 2020 to Mar 31, 2021
      • HNW RAUM · $41.6M to $40.5M
        Jun 30, 2020 to Mar 31, 2021
      • Individual RAUM · $105M to $123M
        Jun 30, 2020 to Mar 31, 2021
      • Non-discretionary RAUM · $1.9M to $2.2M
        Jun 30, 2020 to Mar 31, 2021
      • RAUM · $147M to $163M
        Jun 30, 2020 to Mar 31, 2021
      • Accounts · 1,128 to 1,076
        Mar 30, 2019 to Mar 30, 2020
      • HNW clients · 29 to 31
        Mar 30, 2019 to Mar 30, 2020
      • Individual clients · 384 to 372
        Mar 30, 2019 to Mar 30, 2020
      • Financial planning clients · 101-250 to 251-500
        Mar 30, 2019 to Mar 30, 2020
      • Discretionary RAUM · $131M to $145M
        Mar 30, 2019 to Mar 30, 2020
      • HNW RAUM · $36.2M to $41.6M
        Mar 30, 2019 to Mar 30, 2020
      • Individual RAUM · $96.9M to $105M
        Mar 30, 2019 to Mar 30, 2020
      • Non-discretionary RAUM · $2.1M to $1.9M
        Mar 30, 2019 to Mar 30, 2020
      • RAUM · $133M to $147M
        Mar 30, 2019 to Mar 30, 2020
      • Accounts · 1,021 to 1,128
        Mar 27, 2018 to Mar 30, 2019
      • HNW clients · 25 to 29
        Mar 27, 2018 to Mar 30, 2019
      • Individual clients · 372 to 384
        Mar 27, 2018 to Mar 30, 2019
      • Assets in custody · $91.3M to $0
        Mar 27, 2018 to Mar 30, 2019
      • Discretionary RAUM · $132M to $131M
        Mar 27, 2018 to Mar 30, 2019
      • HNW RAUM · $34.8M to $36.2M
        Mar 27, 2018 to Mar 30, 2019
      • Individual RAUM · $99.2M to $96.9M
        Mar 27, 2018 to Mar 30, 2019
      • Non-discretionary RAUM · $2.4M to $2.1M
        Mar 27, 2018 to Mar 30, 2019
      • RAUM · $134M to $133M
        Mar 27, 2018 to Mar 30, 2019
      • Accounts · 1,046 to 1,021
        Oct 9, 2017 to Mar 27, 2018
      • Charity clients · unset to 0.0
        Oct 9, 2017 to Mar 27, 2018
      • Corporate clients · unset to 0.0
        Oct 9, 2017 to Mar 27, 2018
      • HNW clients · 8 to 25
        Oct 9, 2017 to Mar 27, 2018
      • Individual clients · 375 to 372
        Oct 9, 2017 to Mar 27, 2018
      • Pension plan clients · unset to 0.0
        Oct 9, 2017 to Mar 27, 2018
      • Pooled vehicle clients · unset to 0.0
        Oct 9, 2017 to Mar 27, 2018
      • Assets in custody · unset to 91283173.0
        Oct 9, 2017 to Mar 27, 2018
      • Financial planning clients · 251-500 to 101-250
        Oct 9, 2017 to Mar 27, 2018
      • Discretionary RAUM · $121M to $132M
        Oct 9, 2017 to Mar 27, 2018
      • HNW RAUM · $15.7M to $34.8M
        Oct 9, 2017 to Mar 27, 2018
      • Individual RAUM · $112M to $99.2M
        Oct 9, 2017 to Mar 27, 2018
      • Non-discretionary RAUM · $2.3M to $2.4M
        Oct 9, 2017 to Mar 27, 2018
      • RAUM · $123M to $134M
        Oct 9, 2017 to Mar 27, 2018
      Signals
      1 dated events
      • L•••••••• W••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Jul 15, 2013 · 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.
      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