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.

Former SEC-registered adviser

Investment Advisors Corp

Former SEC-registered adviserWest Des Moines, IowaCRD 117531SEC 801-69573IAPD
Latest filing Nov 1, 2018
First filing on the tape Mar 29, 2012 · 35 filings
RAUM
$699M
reported, Item 5.F
Discretionary
81%
of RAUM
Private clients
81%
$564M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
112
98 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
35 filings and snapshots on the tape
RAUM$699M as of Mar 29, 2018
Mar 29, 2012$148M then
HNW client RAUM: $122M
State-registered IARs (5.B.3)98 as of Mar 29, 2018
Apr 1, 201368 then
Employees (5.A)112 as of Mar 29, 2018
Apr 1, 201371 then
Private funds: no history
RAUM +7.3% over the last fiscal year+21% a year over threeIARs 116 to 98
Practice profile
derived from the filing of Nov 1, 2018; every figure names its basis
RAUM per advisor
$7.1MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
48derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$487,134derivedHNW RAUM over HNW clients
Average account
$133,448derivedRAUM over accounts (5.F.2.f)
Discretionary
81%derivedof RAUM
Institutional
9.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.1derivedItem 5.A over advisors
Advisors per office
98.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+7.3%derivedbetween the last two annual amendments
Advisor growth, one year
-16%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
Wrap fee program
$129MreportedItem 5.I
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$442M63%
  • High-net-worth individuals$122M17%
  • Corporations and businesses$69.0M9.9%
  • Charitable organizations$66.0M9.5%
  • Insurance companies$20,6070.0%
Individual clients
4,500reported
HNW clients
250reported
Pension plan clients
0reported
Charitable clients
10reported
Accounts
5,235reported
Financial planning clients
51-100reported
Wrap fee programs
$129M sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUM, 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
Left, latest
Joined, latest
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
    • Ellen Barbara Bennett · Cco/Coocontrol
      since 04/2016 · owns less than 5%
    • Elizabeth Christina Deshaw · President & Ceo/Directorcontrol
      since 06/2018 · owns less than 5%
    • Joseph Paul Deshaw · Director & Vice Chairmancontrol
      since 11/2015 · owns less than 5%
    • Donald Robert Sherwood · Cfo/Treasurercontrol
      since 08/2016 · owns less than 5%
    • Thomas Michael Sherzan · Chairman Of The Boardcontrol
      since 06/2018 · owns less than 5%
    • Thomas Michael Sherzan · Ownercontrol
      since 10/1996 · owns 50% to 75% of Bdfsc Holdings Corp
    Entity owners
    • Bdfsc Holdings Corp · Owner
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 4,710 to 5,235
      Sep 29, 2017 to Mar 29, 2018
    • Advisory employees · 103 to 98
      Sep 29, 2017 to Mar 29, 2018
    • BD registered reps · 98 to 73
      Sep 29, 2017 to Mar 29, 2018
    • Charity clients · unset to 10.0
      Sep 29, 2017 to Mar 29, 2018
    • Corporate clients · unset to 75.0
      Sep 29, 2017 to Mar 29, 2018
    • HNW clients · unset to 250.0
      Sep 29, 2017 to Mar 29, 2018
    • Individual clients · unset to 4500.0
      Sep 29, 2017 to Mar 29, 2018
    • Pension plan clients · unset to 0.0
      Sep 29, 2017 to Mar 29, 2018
    • Pooled vehicle clients · unset to 0.0
      Sep 29, 2017 to Mar 29, 2018
    • Employees · 103 to 112
      Sep 29, 2017 to Mar 29, 2018
    • State-registered IARs · 103 to 98
      Sep 29, 2017 to Mar 29, 2018
    • Other offices · unset to 0.0
      Sep 29, 2017 to Mar 29, 2018
    • Discretionary RAUM · $299M to $568M
      Sep 29, 2017 to Mar 29, 2018
    • HNW RAUM · unset to 121783454.0
      Sep 29, 2017 to Mar 29, 2018
    • Individual RAUM · unset to 441781174.0
      Sep 29, 2017 to Mar 29, 2018
    • Non-discretionary RAUM · $357M to $131M
      Sep 29, 2017 to Mar 29, 2018
    • Pension RAUM · unset to 0.0
      Sep 29, 2017 to Mar 29, 2018
    • Pooled vehicle RAUM · unset to 0.0
      Sep 29, 2017 to Mar 29, 2018
    • RAUM · $656M to $699M
      Sep 29, 2017 to Mar 29, 2018
    • Related insurance company · false to true
      Sep 29, 2017 to Mar 29, 2018
    • Wrap assets (manager) · unset to 0.0
      Sep 29, 2017 to Mar 29, 2018
    • Wrap assets (sponsor) · unset to 129310466.0
      Sep 29, 2017 to Mar 29, 2018
    • Accounts · 5,553 to 4,710
      Jan 30, 2017 to Sep 29, 2017
    • Advisory employees · 104 to 103
      Jan 30, 2017 to Sep 29, 2017
    • Advisory activities · 4 to 6
      Jan 30, 2017 to Sep 29, 2017
    • BD registered reps · 110 to 98
      Jan 30, 2017 to Sep 29, 2017
    • Employees · 116 to 103
      Jan 30, 2017 to Sep 29, 2017
    • State-registered IARs · 116 to 103
      Jan 30, 2017 to Sep 29, 2017
    • Discretionary RAUM · $334M to $299M
      Jan 30, 2017 to Sep 29, 2017
    • Non-discretionary RAUM · $317M to $357M
      Jan 30, 2017 to Sep 29, 2017
    • RAUM · $651M to $656M
      Jan 30, 2017 to Sep 29, 2017
    • Accounts · 4,511 to 5,553
      Jan 12, 2017 to Jan 30, 2017
    • Advisory employees · 103 to 104
      Jan 12, 2017 to Jan 30, 2017
    • BD registered reps · 99 to 110
      Jan 12, 2017 to Jan 30, 2017
    • Employees · 105 to 116
      Jan 12, 2017 to Jan 30, 2017
    • Insurance-licensed employees · 0 to 1
      Jan 12, 2017 to Jan 30, 2017
    • State-registered IARs · 105 to 116
      Jan 12, 2017 to Jan 30, 2017
    • Discretionary RAUM · $301M to $334M
      Jan 12, 2017 to Jan 30, 2017
    • Non-discretionary RAUM · $253M to $317M
      Jan 12, 2017 to Jan 30, 2017
    • RAUM · $554M to $651M
      Jan 12, 2017 to Jan 30, 2017
    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.
    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