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.

SEC-registered adviser

Uhlmann Investment Management, L.L.C.

Independent wealth managerSkokie, IllinoisCRD 118025SEC 801-113188websiteIAPD
Latest filing Mar 24, 2026
First filing on the tape Sep 25, 2014 · 43 filings
SEC status approved since May 7, 2018
RAUM
$273M
reported, Item 5.F
Discretionary
85%
of RAUM
Private clients
96%
$261M individuals and HNW
Advisors
15
registered through the firm on IAPD
RAUM per advisor
$18.2M
derived; firm RAUM over IAPD count
Employees
11
9 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$273M as of Mar 24, 2026
Mar 12, 2015$80.0M then
HNW client RAUM$238M as of Mar 24, 2026
Mar 1, 2019$155M then
State-registered IARs (5.B.3)9 as of Mar 24, 2026
Mar 12, 201516 then
Employees (5.A)11 as of Mar 24, 2026
Mar 12, 201520 then
Private funds: no history
RAUM +13% over the last fiscal year+19% a year over threeIARs 9 to 9
Practice profile
derived from the filing of Mar 24, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
RAUM per advisor
$18.2MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
30derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.0MderivedHNW RAUM over HNW clients
Average account
$593,874derivedRAUM over accounts (5.F.2.f)
Discretionary
85%derivedof RAUM
Institutional
3.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
0.7derivedItem 5.A over advisors
Advisors per office
7.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+13%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+43%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, 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
  • is a broker-dealer (6.A.1)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$238M87%
  • Individuals$23.0M8.4%
  • Charitable organizations$10.7M3.9%
  • Corporations and businesses$1.2M0.4%
Individual clients
229reported
HNW clients
227reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
460reported
Financial planning clients
11-25reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.96 fund_share=0.0 institutional_share=0.04 related_bd=true related_bank=false bd_reps=9.0derived
Advisors registered through the firm
15 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
James Dana BaerChicago, IlSep 18, 200125 y0
Vernon Kelley ArmourSkokie, IlNov 2, 200934 y1
Michael Coyle DillonSkokie, IlJun 28, 201234 y2
Terry Michael FinkelSkokie, IlDec 3, 201240 y2
Lawrence Michael DoodySkokie, Il Sep 9, 201339 y4
James Patrick KozakSkokie, IlNov 16, 201734 y5
Gordon Eliot FalloneMill Valley, Ca Nov 21, 201738 y3
Alan Robert KonnSkokie, IlMay 9, 201840 y0
Michael David HerrmannSkokie, IlJul 2, 202039 y2
William John LillwitzCertified Financial PlannerSkokie, IlJan 19, 202113 y1
Michael Fitzgerald DunneSkokie, IlMar 8, 202214 y1
Maureen (Nmn) MackowskiCastle Pines, Co Oct 14, 202543 y3
Thomas James LangerJacksonville, Fl Jan 12, 202615 y4
Matthew James BarberaSkokie, IlMar 17, 202634 y3
Damian Tyler FergusonSkokie, Il Jun 1, 202610 y1
Advisor movement
0 left, 4 joined in 12 months
net +4 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
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
    • Dana James Baer · Presidentcontrol
      since 04/2001 · owns less than 5%
    • Robert Alan Konn · Managing Membercontrol
      since 08/2007 · owns less than 5%
    • Dana James Baer · Membercontrol
      since 11/2017 · owns 25% to 50% of Ups Holdings, L.L.C.
    • Robert Alan Konn · Membercontrol
      since 11/2017 · owns 25% to 50% of Ups Holdings, L.L.C.
    • Fitzgerald Michael Dunne · Cco
      since 08/2023 · owns less than 5%
    Entity owners
    • Uhlmann Price Securities, LLC · Owner
      direct · owns 75% or more
    • Ups Holdings, L.L.C. · Holding Company
      indirect · owns 75% or more of Uhlmann Price Securities, LLC
    Related persons
    Schedule D 7.A
    Advisers that list Uhlmann Investment Management, L.L.C. as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Skokie, Il · principal1440
    Jacksonville, Fl220
    Offices
    Schedule D 1.F, the 25 largest
    • Chicago, IL4 employees
    What changed
    consecutive filings, newest first
    • HNW clients · 225 to 227
      Jan 13, 2026 to Feb 3, 2026
    • Individual clients · 232 to 229
      Jan 13, 2026 to Feb 3, 2026
    • HNW RAUM · $238M to $238M
      Jan 13, 2026 to Feb 3, 2026
    • Individual RAUM · $23.6M to $23.0M
      Jan 13, 2026 to Feb 3, 2026
    • Non-discretionary RAUM · $40.3M to $40.3M
      Jan 13, 2026 to Feb 3, 2026
    • RAUM · $273M to $273M
      Jan 13, 2026 to Feb 3, 2026
    • Accounts · 321 to 460
      Nov 5, 2025 to Jan 13, 2026
    • HNW clients · 189 to 225
      Nov 5, 2025 to Jan 13, 2026
    • Individual clients · 129 to 232
      Nov 5, 2025 to Jan 13, 2026
    • Financial planning clients · 1-10 to 11-25
      Nov 5, 2025 to Jan 13, 2026
    • Discretionary RAUM · $201M to $233M
      Nov 5, 2025 to Jan 13, 2026
    • HNW RAUM · $182M to $238M
      Nov 5, 2025 to Jan 13, 2026
    • Individual RAUM · $50.1M to $23.6M
      Nov 5, 2025 to Jan 13, 2026
    • Non-discretionary RAUM · $40.3M to $40.3M
      Nov 5, 2025 to Jan 13, 2026
    • RAUM · $242M to $273M
      Nov 5, 2025 to Jan 13, 2026
    • Accounts · 430 to 321
      Mar 25, 2024 to Mar 24, 2025
    • HNW clients · 204 to 189
      Mar 25, 2024 to Mar 24, 2025
    • Individual clients · 209 to 129
      Mar 25, 2024 to Mar 24, 2025
    • Pension plan clients · 14.0 to unset
      Mar 25, 2024 to Mar 24, 2025
    • Pooled vehicle clients · unset to 0.0
      Mar 25, 2024 to Mar 24, 2025
    • Financial planning clients · 1-10 to 1-10
      Mar 25, 2024 to Mar 24, 2025
    • Discretionary RAUM · $191M to $201M
      Mar 25, 2024 to Mar 24, 2025
    • HNW RAUM · $173M to $182M
      Mar 25, 2024 to Mar 24, 2025
    • Individual RAUM · $42.3M to $50.1M
      Mar 25, 2024 to Mar 24, 2025
    • Non-discretionary RAUM · $46.5M to $40.3M
      Mar 25, 2024 to Mar 24, 2025
    • Pension RAUM · 12923349.0 to unset
      Mar 25, 2024 to Mar 24, 2025
    • Pooled vehicle RAUM · unset to 0.0
      Mar 25, 2024 to Mar 24, 2025
    • RAUM · $237M to $242M
      Mar 25, 2024 to Mar 24, 2025
    • Accounts · 360 to 430
      Aug 24, 2023 to Mar 25, 2024
    • HNW clients · 189 to 204
      Aug 24, 2023 to Mar 25, 2024
    • Individual clients · 164 to 209
      Aug 24, 2023 to Mar 25, 2024
    • Pension plan clients · 5 to 14
      Aug 24, 2023 to Mar 25, 2024
    • Discretionary RAUM · $126M to $191M
      Aug 24, 2023 to Mar 25, 2024
    • HNW RAUM · $126M to $173M
      Aug 24, 2023 to Mar 25, 2024
    • Individual RAUM · $29.4M to $42.3M
      Aug 24, 2023 to Mar 25, 2024
    • Non-discretionary RAUM · $38.1M to $46.5M
      Aug 24, 2023 to Mar 25, 2024
    • Pension RAUM · $2.1M to $12.9M
      Aug 24, 2023 to Mar 25, 2024
    • RAUM · $164M to $237M
      Aug 24, 2023 to Mar 25, 2024
    • Accounts · 294 to 360
      Mar 31, 2022 to Mar 30, 2023
    • Advisory employees · 11 to 9
      Mar 31, 2022 to Mar 30, 2023
    Signals
    5 dated events
    • Glenn Scott Schwalje left Uhlmann Investment Management, L.L.C. for Financial Security Advisory Inc (registered 2024-01-12)
      Aug 25, 2023 · Advisor changed firm · fact
    • Robert Alan Konn (Managing Member) appeared on Schedule A of Uhlmann Investment Management, L.L.C.
      Mar 31, 2022 · Control person joined · fact
    • Uhlmann Investment Management, L.L.C. filed its initial SEC registration (Form ADV)
      Apr 9, 2018 · First SEC registration · fact
    • Uhlmann Investment Management, L.L.C. reported 16 state-registered advisory representatives, up from 0 (2017-07-24 to 2018-04-09)
      Apr 9, 2018 · Advisor headcount change · derived
    • Uhlmann Investment Management, L.L.C. reported RAUM $186.2M, up 233% from $56.0M (2017-07-24 to 2018-04-09)
      Apr 9, 2018 · RAUM change · derived
    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 phone
    312-264-4400reportedpublished by the firm, firm site, Sep 16, 2026
    Business phone
    312-264-4401reportedpublished by the firm, firm site, Sep 16, 2026
    Business phone
    800-444-7075reportedpublished by the firm, firm site, Sep 16, 2026
    Website
    UPSECURITIES.COMreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    312-264-4400reportedpublic record, Form ADV, Mar 24, 2026
    Contact form
    UPSECURITIES.COM/about-our-company/contact-usreportedpublished by the firm, firm site, Sep 16, 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
    $18.2Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026