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
S•••••• F••••• F•••••••• A•••••••
Legal name S••••••• F••••• F•••••••• S•••••••• I•••
Latest filing Mar 30, 2026
First filing on the tape Jul 22, 2014 · 23 filings
SEC status approved since Aug 7, 2014
RAUM
$750M
reported, Item 5.F
Discretionary
82%
of RAUM
Private clients
100%
$750M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$125M
derived; firm RAUM over IAPD count
Employees
20
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$750M as of Mar 30, 2026
Mar 24, 2015$768M then
HNW client RAUM$692M as of Mar 30, 2026
Mar 30, 2018$504M then
State-registered IARs (5.B.3)5 as of Mar 30, 2026
Mar 24, 20155 then
Employees (5.A)20 as of Mar 30, 2026
Mar 24, 201520 then
Private funds: no history
RAUM +14% over the last fiscal year+9.2% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- $125MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 55derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.6MderivedHNW RAUM over HNW clients
- Average account
- $748,186derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 82%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.3derivedItem 5.A over advisors
- Advisors per office
- 6.0derived1 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
- +3.1%derived
- Compensation
- percentage of assets, hourly, fixed fees, commissionsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- Custody
- $118M, 6 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- 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$692M92%
- Individuals$58.1M7.7%
- Individual clients
- 181reported
- HNW clients
- 151reported
- Pension plan clients
- 0reported
- Charitable clients
- n/areported
- Accounts
- 1,003reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $118M for 6 clientsreported
- Compensation
- % of AUM, fixed, hourly, commissionsreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| W•••••• H••••• S••••••Chartered Financial Consultant | Bloomington, Mn | Oct 11, 2001 | 32 y | 1 |
| J••••• M•••••• B••••••• | Bloomington, Mn | Sep 15, 2023 | 12 y | 0 |
| D••••• E•••• P•••••• | Bloomington, Mn | Jan 1, 2026 | 20 y | 2 |
| J••• D•••••• M•••• | Bloomington, Mn | Jan 1, 2026 | 13 y | 0 |
| K•••• A•••• L•••••••• | Bloomington, Mn | Apr 30, 2026 | 19 y | 4 |
| K••••• A•••••• L•••••• | Bloomington, Mn | Jun 5, 2026 | 10 y | 0 |
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- K••••••• V•••••• M••••• to P•••••• W••••• S••••••••• L••May 5, 2023 · RIA to RIA
- J••••••• P••• H••••• to M• H••••••• S••••••••• I•••Jul 29, 2020 · RIA to affiliated broker-dealer or bank
- P•••••• J••• F••••• to M•••• • P••••Mar 8, 2018 · Other
- J•••• W••••• S•••••• to A•••••• A••••••• S•••••••Jan 10, 2017 · Other
- J••• M•••• J•••••• to A••••••••• W••••• P•••••••May 28, 2015 · Other
Joined, latest
- K•••• A•••• L•••••••• from T••••••••• R••••••••• A•••••••• L••Apr 30, 2026 · Affiliated broker-dealer or bank to independent RIA
- D••••• E•••• P•••••• from L•• F•••••••• L••Jan 1, 2026 · Other
- K••••••• V•••••• M••••• from K••••• A•••••••• I•••May 21, 2018 · Other
- J•••• W••••• S•••••• from M••••• S••••••Sep 29, 2016 · Other
- J••• M•••• J•••••• from L•• F•••••••• L••Jul 30, 2014 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- S••••••• W••••••• H••••• · President, Ccocontrolsince 05/1988 · owns 75% or more
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 |
|---|---|---|---|---|---|
| Bloomington, Mn · principal | 6 | 4 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- high employee count relative to advisorsStatic outlier · filing Mar 30, 2026employees per registered advisor of 3.3 against a peer median of 1.4 (950 comparable advisers, 99.0th percentile, 4.9 robust deviations)peers: independent wealth managers, $500M to $1B (950) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 1,019 to 1,003Mar 27, 2025 to Mar 30, 2026
- Individual clients · 171 to 181Mar 27, 2025 to Mar 30, 2026
- Assets in custody · $63.5M to $118MMar 27, 2025 to Mar 30, 2026
- Discretionary RAUM · $536M to $618MMar 27, 2025 to Mar 30, 2026
- HNW RAUM · $612M to $692MMar 27, 2025 to Mar 30, 2026
- Individual RAUM · $48.6M to $58.1MMar 27, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $125M to $132MMar 27, 2025 to Mar 30, 2026
- RAUM · $661M to $750MMar 27, 2025 to Mar 30, 2026
- Accounts · 1,063 to 1,019Mar 29, 2024 to Mar 27, 2025
- HNW clients · 157 to 151Mar 29, 2024 to Mar 27, 2025
- Individual clients · 194 to 171Mar 29, 2024 to Mar 27, 2025
- Assets in custody · $175M to $63.5MMar 29, 2024 to Mar 27, 2025
- Employees · 21 to 20Mar 29, 2024 to Mar 27, 2025
- Financial planning clients · 251-500 to 251-500Mar 29, 2024 to Mar 27, 2025
- Discretionary RAUM · $460M to $536MMar 29, 2024 to Mar 27, 2025
- HNW RAUM · $572M to $612MMar 29, 2024 to Mar 27, 2025
- Individual RAUM · $48.9M to $48.6MMar 29, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $160M to $125MMar 29, 2024 to Mar 27, 2025
- RAUM · $620M to $661MMar 29, 2024 to Mar 27, 2025
- Accounts · 1,072 to 1,063Jul 20, 2023 to Mar 29, 2024
- Advisory employees · 8 to 5Jul 20, 2023 to Mar 29, 2024
- HNW clients · 177 to 157Jul 20, 2023 to Mar 29, 2024
- Individual clients · 227 to 194Jul 20, 2023 to Mar 29, 2024
- Assets in custody · $169M to $175MJul 20, 2023 to Mar 29, 2024
- Employees · 25 to 21Jul 20, 2023 to Mar 29, 2024
- Discretionary RAUM · $426M to $460MJul 20, 2023 to Mar 29, 2024
- HNW RAUM · $538M to $572MJul 20, 2023 to Mar 29, 2024
- Individual RAUM · $38.0M to $48.9MJul 20, 2023 to Mar 29, 2024
- Non-discretionary RAUM · $151M to $160MJul 20, 2023 to Mar 29, 2024
- RAUM · $576M to $620MJul 20, 2023 to Mar 29, 2024
- Accounts · 1,099 to 1,072Mar 30, 2022 to Mar 30, 2023
- HNW clients · 167 to 177Mar 30, 2022 to Mar 30, 2023
- Individual clients · 185 to 227Mar 30, 2022 to Mar 30, 2023
- Assets in custody · $284M to $169MMar 30, 2022 to Mar 30, 2023
- Discretionary RAUM · $534M to $426MMar 30, 2022 to Mar 30, 2023
- HNW RAUM · $658M to $538MMar 30, 2022 to Mar 30, 2023
- Individual RAUM · $54.1M to $38.0MMar 30, 2022 to Mar 30, 2023
- Non-discretionary RAUM · $178M to $151MMar 30, 2022 to Mar 30, 2023
- RAUM · $712M to $576MMar 30, 2022 to Mar 30, 2023
- Accounts · 1,078 to 1,099Mar 30, 2021 to Mar 30, 2022
Signals
2 dated events
- K••••••• V•••••• M••••• left S•••••• F••••• F•••••••• A••••••• for P•••••• W••••• S••••••••• L•• (registered 2024-04-05)May 5, 2023 · Advisor changed firm · fact
- S•••••• F••••• F•••••••• A••••••• filed its initial SEC registration (Form ADV)Jul 22, 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
- Business email
- s•••••••••@s•••••••••.comreportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 877-270-4200reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 952-843-4200reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 952-843-4404reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- S••••••F•••••.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 952-843-4200reportedpublic record, Form ADV, Mar 30, 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
- $125Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026