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
F•••••••• S••••••• M••••••••• I••
Latest filing May 21, 2026
First filing on the tape Feb 25, 2015 · 41 filings
SEC status approved since Mar 16, 2015
RAUM
$612M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$612M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$76.4M
derived; firm RAUM over IAPD count
Employees
7
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
41 filings and snapshots on the tape
RAUM$612M as of May 21, 2026
Feb 23, 2016$120M then
HNW client RAUM$320M as of May 21, 2026
Mar 16, 2018$83.6M then
State-registered IARs (5.B.3)7 as of May 21, 2026
Feb 23, 20168 then
Employees (5.A)7 as of May 21, 2026
Feb 23, 201621 then
Private funds: no history
RAUM +10.0% over the last fiscal year+19% a year over threeIARs 5 to 7
Practice profile
derived from the filing of May 21, 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
- RAUM per advisor
- $76.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 138derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.5MderivedHNW RAUM over HNW clients
- Average account
- $227,248derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.9derivedItem 5.A over advisors
- Advisors per office
- 8.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +10.0%derivedbetween the last two annual amendments
- Advisor growth, one year
- +40%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +1.3%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- Custody
- $2.4M, 12 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
- is an insurance broker or agent (6.A.6)
- 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$320M52%
- Individuals$291M48%
- Individual clients
- 973reported
- HNW clients
- 129reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 2,691reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $2.4M for 12 clientsreported
- Compensation
- % of AUM, hourlyreported
- 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
8 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| J•••••• S•••• L••••• | Lakewood, Co | Jan 1, 1999 | 30 y | 0 |
| D•••••• F•••• J•••••• | Lakewood, Co | May 11, 2010 | 20 y | 0 |
| S••• L••••••• K•••• | Lakewood, Co | Jul 21, 2014 | 13 y | 0 |
| K•••• A•• W•••••• | Lakewood, Co | Jul 21, 2014 | 34 y | 0 |
| A••• W••••••• | Lakewood, Co | Sep 3, 2024 | 11 y | 0 |
| K••••• L•• B••• | Lakewood, Co | Jul 7, 2025 | 13 y | 0 |
| R•••••• L••• D••••• | Lakewood, Co | Jul 18, 2025 | 10 y | 0 |
| I•• M•••••• S••••• | Lakewood, Co | Jul 27, 2026 | 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
- K•••••••• L•••• to K••••• A••••••• S•••••••• L••Dec 3, 2021 · RIA to affiliated broker-dealer or bank
- J••• R••••• J••• to A••••••••• W••••• P•••••••May 30, 2018 · RIA to RIA
- J•••• S•••• P•••• to A••••••••• W••••• P•••••••May 30, 2018 · RIA to RIA
- D•••• C••••• S•••••• to L•• F•••••••• L••Nov 2, 2017 · Other
- K••••••• M•••• Z•••••••• to L•• F•••••••• L••Nov 2, 2017 · Other
- L••••••• R•••••• S•••• to M••••• A•••••••• L••Nov 2, 2017 · Other
- S••••• A• D••• to M••••• A•••••••• L••Nov 2, 2017 · Other
- C••••••• F••••••• to A• • I• W••••• M•••••••••Aug 21, 2013 · Other
Joined, latest
- K••••••• M•••• Z•••••••• from C•••••• R••••••• • C••••••••• L••Jan 10, 2017 · Other
- D•••• C••••• S•••••• from N••••••• P••••••• C••••••••• •••• O• A••••••• I• F• • N••Mar 16, 2016 · Other
- L••••••• R•••••• S•••• from N••••••• P••••••• C••••••••• •••• O• A••••••• I• F• • N••Feb 23, 2016 · Other
- S••••• A• D••• from N••••••• P••••••• C••••••••• •••• O• A••••••• I• F• • N••Feb 23, 2016 · Other
- J••• R••••• J••• from N••••••• P••••••• C••••••••• •••• O• A••••••• I• F• • N••Jun 17, 2014 · Other
- C••••••• F••••••• from N••••••• P••••••• C••••••••• •••• O• A••••••• I• F• • N••Oct 19, 2010 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for A••••••••• W••••• P•••••••May 30, 2018 · Lakewood, Co
- 2 left for M••••• A•••••••• L••Nov 2, 2017 · Lakewood, Co
- 2 left for L•• F•••••••• L••Nov 2, 2017 · Lakewood, Co
- 2 joined from N••••••• P••••••• C••••••••• •••• O• A••••••• I• F• • N••Nov 8, 2017 · Pasadena, Ca
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- L•••••• J••••••• S•••• · President/Treasurercontrolsince 01/2012 · owns 50% to 75%
- M•••••• L•••• A•• · Chief Compliance Officer / Vice Presidentcontrolsince 02/2020 · owns less than 5%
- T••••• A••• L••••• · Secretarysince 02/2024 · owns less than 5%
- T•••••••• J••••••• S••••• · Shareholdersince 01/2012 · owns 25% to 50%
Related persons
Schedule D 7.A
- F•••••••• S••••••• R••••• L••investment companyn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Lakewood, Co · principal | 8 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 2,578 to 2,691Nov 24, 2025 to Mar 9, 2026
- Advisory employees · 5 to 7Nov 24, 2025 to Mar 9, 2026
- HNW clients · 163 to 129Nov 24, 2025 to Mar 9, 2026
- Individual clients · 925 to 973Nov 24, 2025 to Mar 9, 2026
- Assets in custody · $68.5M to $2.4MNov 24, 2025 to Mar 9, 2026
- Employees · 8 to 7Nov 24, 2025 to Mar 9, 2026
- State-registered IARs · 5 to 7Nov 24, 2025 to Mar 9, 2026
- Discretionary RAUM · $556M to $612MNov 24, 2025 to Mar 9, 2026
- HNW RAUM · $339M to $320MNov 24, 2025 to Mar 9, 2026
- Individual RAUM · $217M to $291MNov 24, 2025 to Mar 9, 2026
- RAUM · $556M to $612MNov 24, 2025 to Mar 9, 2026
- Financial planning clients · 1-10 to 1-10Mar 30, 2025 to Jun 13, 2025
- Accounts · 2,436 to 2,578Sep 30, 2024 to Mar 30, 2025
- HNW clients · 207 to 163Sep 30, 2024 to Mar 30, 2025
- Individual clients · 846 to 925Sep 30, 2024 to Mar 30, 2025
- Assets in custody · $111M to $68.5MSep 30, 2024 to Mar 30, 2025
- Financial planning clients · More than 500 to 1-10Sep 30, 2024 to Mar 30, 2025
- Discretionary RAUM · $439M to $556MSep 30, 2024 to Mar 30, 2025
- HNW RAUM · $283M to $339MSep 30, 2024 to Mar 30, 2025
- Individual RAUM · $157M to $217MSep 30, 2024 to Mar 30, 2025
- RAUM · $439M to $556MSep 30, 2024 to Mar 30, 2025
- Accounts · 2,325 to 2,436Nov 27, 2023 to Mar 5, 2024
- HNW clients · 195 to 207Nov 27, 2023 to Mar 5, 2024
- Individual clients · 840 to 846Nov 27, 2023 to Mar 5, 2024
- Assets in custody · $83.6M to $111MNov 27, 2023 to Mar 5, 2024
- Discretionary RAUM · $365M to $439MNov 27, 2023 to Mar 5, 2024
- HNW RAUM · $232M to $283MNov 27, 2023 to Mar 5, 2024
- Individual RAUM · $133M to $157MNov 27, 2023 to Mar 5, 2024
- RAUM · $365M to $439MNov 27, 2023 to Mar 5, 2024
- Related insurance company · false to trueNov 27, 2023 to Mar 5, 2024
- State-registered IARs · 3 to 5Jan 30, 2023 to Jan 31, 2023
- Accounts · 2,234 to 2,325Sep 12, 2022 to Jan 30, 2023
- HNW clients · 169 to 195Sep 12, 2022 to Jan 30, 2023
- Individual clients · 834 to 840Sep 12, 2022 to Jan 30, 2023
- Assets in custody · $92.8M to $83.6MSep 12, 2022 to Jan 30, 2023
- Discretionary RAUM · $415M to $365MSep 12, 2022 to Jan 30, 2023
- HNW RAUM · $265M to $232MSep 12, 2022 to Jan 30, 2023
- Individual RAUM · $151M to $133MSep 12, 2022 to Jan 30, 2023
- Non-discretionary RAUM · $1.3M to $0Sep 12, 2022 to Jan 30, 2023
- RAUM · $416M to $365MSep 12, 2022 to Jan 30, 2023
Signals
4 dated events
- F•••••••• S••••••• M••••••••• I•• reported RAUM $556.0M, up 27% from $439.4M (2024-09-30 to 2025-03-30)Mar 30, 2025 · RAUM change · derived
- Daniel Roy Gibson (Vice President/Secretary) no longer on Schedule A of F•••••••• S••••••• M••••••••• I•• (listed 2022-09-12, absent 2023-01-30)Jan 30, 2023 · Control person left · inference
- Ann Lori Miller (Chief Compliance Officer) appeared on Schedule A of F•••••••• S••••••• M••••••••• I••Mar 4, 2020 · Control person joined · fact
- F•••••••• S••••••• M••••••••• I•• filed its initial SEC registration (Form ADV)Feb 25, 2015 · 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
- info@fsm-inc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 303-988-1411reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 303-988-1411reportedpublic record, Form ADV, May 21, 2026
- Contact form
- fsm-inc.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- fsm-inc.com/our-teamreportedpublished 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
- $76.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026