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

Siena Wealth Advisors

Former SEC-registered adviserGrand Ledge, MichiganCRD 117646SEC 801-107786IAPD
Legal name Siena Capital Management, LLC
Latest filing Mar 24, 2021
First filing on the tape Apr 28, 2016 · 12 filings
RAUM
$219M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
96%
$210M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$219M as of Mar 24, 2021
Mar 17, 2017$130M then
HNW client RAUM$129M as of Mar 24, 2021
Mar 2, 2018$89.7M then
State-registered IARs (5.B.3)3 as of Mar 24, 2021
Mar 17, 20175 then
Employees (5.A)4 as of Mar 24, 2021
Mar 17, 20175 then
Private funds: no history
RAUM +7.7% over the last fiscal year+6.4% a year over threeIARs 4 to 3
Practice profile
derived from the filing of Mar 24, 2021; every figure names its basis
RAUM per advisor
$73.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
139derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.6MderivedHNW RAUM over HNW clients
Average account
$203,096derivedRAUM over accounts (5.F.2.f)
Discretionary
97%derivedof RAUM
Institutional
1.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
1.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+7.7%derivedbetween the last two annual amendments
Advisor growth, one year
-25%derivedItem 5.B.3 between annual amendments
Client growth, one year
-6.7%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$129M59%
  • Individuals$81.0M37%
  • Corporations and businesses$6.5M3.0%
  • Charitable organizations$2.5M1.1%
Individual clients
335reported
HNW clients
82reported
Pension plan clients
n/areported
Charitable clients
2reported
Accounts
1,078reported
Financial planning clients
n/areported
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
Left, latest
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
      • Louis Stephen Hicks · Managing Member & Chief Compliance Officercontrol
        since 02/2005 · owns 50% to 75%
      • Lewis Roger Millbrook · Managing Membercontrol
        since 09/2000 · owns 50% to 75%
      Related persons
      Schedule D 7.A
      • Hicks Millbrook & Cwayna, Pllc
        n
      • Siena Accounting, Cpa, Pllc
        insurancen
      Offices
      Schedule D 1.F, the 25 largest
      • Williamston, MI1 employees
      What changed
      consecutive filings, newest first
      • Accounts · 1,174 to 1,078
        Sep 28, 2020 to Mar 24, 2021
      • HNW clients · 38 to 82
        Sep 28, 2020 to Mar 24, 2021
      • Individual clients · 408 to 335
        Sep 28, 2020 to Mar 24, 2021
      • Pension plan clients · 11.0 to unset
        Sep 28, 2020 to Mar 24, 2021
      • Discretionary RAUM · $198M to $213M
        Sep 28, 2020 to Mar 24, 2021
      • HNW RAUM · $75.0M to $129M
        Sep 28, 2020 to Mar 24, 2021
      • Individual RAUM · $104M to $81.0M
        Sep 28, 2020 to Mar 24, 2021
      • Non-discretionary RAUM · $4.9M to $5.9M
        Sep 28, 2020 to Mar 24, 2021
      • Pension RAUM · 16727663.0 to unset
        Sep 28, 2020 to Mar 24, 2021
      • RAUM · $203M to $219M
        Sep 28, 2020 to Mar 24, 2021
      • Advisory employees · 5 to 4
        Jul 28, 2020 to Sep 28, 2020
      • Employees · 5 to 4
        Jul 28, 2020 to Sep 28, 2020
      • State-registered IARs · 4 to 3
        Jul 28, 2020 to Sep 28, 2020
      • Advisory employees · 4 to 5
        Jun 29, 2020 to Jul 28, 2020
      • Employees · 4 to 5
        Jun 29, 2020 to Jul 28, 2020
      • Accounts · 1,060 to 1,174
        Aug 19, 2019 to Mar 31, 2020
      • Charity clients · 1 to 2
        Aug 19, 2019 to Mar 31, 2020
      • Corporate clients · 6 to 9
        Aug 19, 2019 to Mar 31, 2020
      • HNW clients · 30 to 75
        Aug 19, 2019 to Mar 31, 2020
      • Pension plan clients · 10 to 11
        Aug 19, 2019 to Mar 31, 2020
      • Employees · 5 to 4
        Aug 19, 2019 to Mar 31, 2020
      • Discretionary RAUM · $167M to $198M
        Aug 19, 2019 to Mar 31, 2020
      • HNW RAUM · $59.7M to $104M
        Aug 19, 2019 to Mar 31, 2020
      • Individual RAUM · $92.4M to $74.8M
        Aug 19, 2019 to Mar 31, 2020
      • Non-discretionary RAUM · $4.1M to $4.9M
        Aug 19, 2019 to Mar 31, 2020
      • Pension RAUM · $13.3M to $16.7M
        Aug 19, 2019 to Mar 31, 2020
      • RAUM · $171M to $203M
        Aug 19, 2019 to Mar 31, 2020
      • Corporate clients · 9 to 10
        Mar 31, 2020 to Mar 31, 2020
      • HNW clients · 75 to 38
        Mar 31, 2020 to Mar 31, 2020
      • Individual clients · 372 to 408
        Mar 31, 2020 to Mar 31, 2020
      • HNW RAUM · $104M to $75.0M
        Mar 31, 2020 to Mar 31, 2020
      • Individual RAUM · $74.8M to $104M
        Mar 31, 2020 to Mar 31, 2020
      • Pension RAUM · $16.7M to $16.7M
        Mar 31, 2020 to Mar 31, 2020
      • Other offices · 0 to 1
        Apr 1, 2019 to Aug 19, 2019
      • Accounts · 981 to 1,060
        Mar 2, 2018 to Mar 27, 2019
      • Corporate clients · 4 to 6
        Mar 2, 2018 to Mar 27, 2019
      • HNW clients · 55 to 30
        Mar 2, 2018 to Mar 27, 2019
      • Individual clients · 309 to 372
        Mar 2, 2018 to Mar 27, 2019
      • Pension plan clients · 11 to 10
        Mar 2, 2018 to Mar 27, 2019
      • Employees · 4 to 5
        Mar 2, 2018 to Mar 27, 2019
      Signals
      1 dated events
      • Siena Wealth Advisors filed its initial SEC registration (Form ADV)
        Apr 28, 2016 · 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