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

B•••••• • D•••• A•••••••

Former SEC-registered adviserGrand Rapids, MichiganCRD 114866SEC 801-60510IAPD
Legal name R•• C•••••• M••••••••• L••
Latest filing Mar 15, 2022
First filing on the tape Feb 29, 2012 · 24 filings
RAUM
$386M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
36%
$139M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$386M as of Mar 15, 2022
Feb 29, 2012$113M then
HNW client RAUM$109M as of Mar 15, 2022
Feb 21, 2018$59.0M then
State-registered IARs (5.B.3)5 as of Mar 15, 2022
Mar 27, 20135 then
Employees (5.A)5 as of Mar 15, 2022
Mar 27, 20135 then
Private funds: no history
RAUM +8.5% over the last fiscal year+15% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 15, 2022; every figure names its basis
RAUM per advisor
$77.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
38derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.6MderivedHNW RAUM over HNW clients
Average account
$1.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
64%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
5.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+8.5%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+18%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
portfolio management for individuals, pension consulting, 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
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
  • Pension and profit-sharing plans$247M64%
  • High-net-worth individuals$109M28%
  • Individuals$30.4M7.9%
Individual clients
121reported
HNW clients
67reported
Pension plan clients
26reported
Charitable clients
0reported
Accounts
365reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
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
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • B••••••• S•••••• L• · Chief Compliance Officercontrol
    since 07/2001 · owns 50% to 75%
  • D••••• C••••• M•••• · Membercontrol
    since 01/2017 · owns 50% to 75%
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 · 301 to 365
    Feb 22, 2021 to Mar 15, 2022
  • Charity clients · 1 to 0
    Feb 22, 2021 to Mar 15, 2022
  • HNW clients · 65 to 67
    Feb 22, 2021 to Mar 15, 2022
  • Individual clients · 95 to 121
    Feb 22, 2021 to Mar 15, 2022
  • Pension plan clients · 28 to 26
    Feb 22, 2021 to Mar 15, 2022
  • Discretionary RAUM · $356M to $386M
    Feb 22, 2021 to Mar 15, 2022
  • HNW RAUM · $85.0M to $109M
    Feb 22, 2021 to Mar 15, 2022
  • Individual RAUM · $35.1M to $30.4M
    Feb 22, 2021 to Mar 15, 2022
  • Pension RAUM · $231M to $247M
    Feb 22, 2021 to Mar 15, 2022
  • RAUM · $356M to $386M
    Feb 22, 2021 to Mar 15, 2022
  • Accounts · 348 to 301
    Jun 22, 2020 to Feb 22, 2021
  • Advisory employees · 4 to 5
    Jun 22, 2020 to Feb 22, 2021
  • HNW clients · 57 to 65
    Jun 22, 2020 to Feb 22, 2021
  • Individual clients · 111 to 95
    Jun 22, 2020 to Feb 22, 2021
  • Pension plan clients · 26 to 28
    Jun 22, 2020 to Feb 22, 2021
  • Employees · 4 to 5
    Jun 22, 2020 to Feb 22, 2021
  • State-registered IARs · 4 to 5
    Jun 22, 2020 to Feb 22, 2021
  • Discretionary RAUM · $313M to $356M
    Jun 22, 2020 to Feb 22, 2021
  • HNW RAUM · $82.3M to $85.0M
    Jun 22, 2020 to Feb 22, 2021
  • Individual RAUM · $22.0M to $35.1M
    Jun 22, 2020 to Feb 22, 2021
  • Pension RAUM · $205M to $231M
    Jun 22, 2020 to Feb 22, 2021
  • RAUM · $313M to $356M
    Jun 22, 2020 to Feb 22, 2021
  • Organization form · Corporation to Limited Liability Company
    Apr 20, 2020 to May 11, 2020
  • Succession · true to false
    Apr 20, 2020 to May 11, 2020
  • Succession · false to true
    Feb 25, 2020 to Mar 2, 2020
  • Accounts · 332 to 348
    Feb 25, 2019 to Feb 25, 2020
  • HNW clients · 37 to 57
    Feb 25, 2019 to Feb 25, 2020
  • Individual clients · 116 to 111
    Feb 25, 2019 to Feb 25, 2020
  • Pension plan clients · 24 to 26
    Feb 25, 2019 to Feb 25, 2020
  • Organization form · Limited Liability Company to Corporation
    Feb 25, 2019 to Feb 25, 2020
  • Discretionary RAUM · $252M to $313M
    Feb 25, 2019 to Feb 25, 2020
  • HNW RAUM · $57.4M to $82.3M
    Feb 25, 2019 to Feb 25, 2020
  • Individual RAUM · $28.4M to $22.0M
    Feb 25, 2019 to Feb 25, 2020
  • Non-discretionary RAUM · $1.9M to $0
    Feb 25, 2019 to Feb 25, 2020
  • Pension RAUM · $165M to $205M
    Feb 25, 2019 to Feb 25, 2020
  • RAUM · $254M to $313M
    Feb 25, 2019 to Feb 25, 2020
  • Accounts · 320 to 332
    Feb 21, 2018 to Feb 25, 2019
  • HNW clients · 33 to 37
    Feb 21, 2018 to Feb 25, 2019
  • Individual clients · 114 to 116
    Feb 21, 2018 to Feb 25, 2019
  • Pension plan clients · 22 to 24
    Feb 21, 2018 to Feb 25, 2019
Signals
4 dated events
  • A••• R••••• T•••• left B•••••• • D•••• A••••••• for B•••••• • C•••••• L•• (registered 2022-09-26)
    Oct 20, 2022 · Advisor changed firm · fact
  • C•••• M•••• D•••• left B•••••• • D•••• A••••••• for D• I••••••••• A••••••• (registered 2022-09-22)
    Oct 20, 2022 · Advisor changed firm · fact
  • B•••••• • D•••• A••••••• reported succeeding to the business of Another Adviser (Form ADV Item 4)
    Mar 2, 2020 · Succession (Item 4) · fact
  • Wright Robert Burnham (Member) no longer on Schedule A of B•••••• • D•••• A••••••• (listed 2018-02-21, absent 2019-02-25)
    Feb 25, 2019 · Control person left · inference
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