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
Butler Financial Services
Legal name Butler Financial Services, Inc.
Latest filing Mar 27, 2026
First filing on the tape Jan 31, 2012 · 14 filings
SEC status approved since Jun 30, 2021
RAUM
$155M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
100%
$155M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$77.3M
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$155M as of Mar 27, 2026
Jan 31, 2012$86.7M then
HNW client RAUM$146M as of Mar 27, 2026
Mar 29, 2022$106M then
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Jan 31, 20120 then
Employees (5.A)4 as of Mar 27, 2026
Mar 29, 20223 then
Private funds: no history
RAUM +14% over the last fiscal year+14% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $77.3MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 31derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.3MderivedHNW RAUM over HNW clients
- Average account
- $500,525derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.0%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, otherreportedItem 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$146M95%
- Individuals$8.3M5.4%
- Individual clients
- 18reported
- HNW clients
- 44reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 309reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, 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
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Mark Andrew Butler | Denver, Co | Feb 25, 2002 | 31 y | 0 |
| Mikyo ButlerChartered Financial Analyst | Denver, Co | Jan 18, 2014 | 13 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 headcount1 left over 36 months
Left, latest
- Deron Darryl Swaby to Heirloom Wealth Management LLCSep 16, 2025 · RIA to RIA
Joined, latest
- Deron Darryl Swaby from Cetera Investment Advisers LLCApr 7, 2025 · Affiliated broker-dealer or bank to independent RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Andrew Mark Butler · President & Chief Compliance Officercontrolsince 03/2002 · owns 50% to 75%
- Mikyo Butler · Investment Advisor - Principalcontrolsince 01/2016 · owns 50% to 75%
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 |
|---|---|---|---|---|---|
| Denver, Co · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 347 to 309Sep 18, 2025 to Mar 27, 2026
- HNW clients · 40 to 44Sep 18, 2025 to Mar 27, 2026
- Individual clients · 22 to 18Sep 18, 2025 to Mar 27, 2026
- Employees · 3 to 4Sep 18, 2025 to Mar 27, 2026
- Discretionary RAUM · $132M to $151MSep 18, 2025 to Mar 27, 2026
- HNW RAUM · $126M to $146MSep 18, 2025 to Mar 27, 2026
- Individual RAUM · $9.3M to $8.3MSep 18, 2025 to Mar 27, 2026
- Non-discretionary RAUM · $3.2M to $3.3MSep 18, 2025 to Mar 27, 2026
- RAUM · $136M to $155MSep 18, 2025 to Mar 27, 2026
- Financial planning clients · 1-10 to 1-10May 2, 2025 to Jul 25, 2025
- Accounts · 323 to 347Mar 14, 2024 to Mar 26, 2025
- HNW clients · 38 to 40Mar 14, 2024 to Mar 26, 2025
- Individual clients · 25 to 22Mar 14, 2024 to Mar 26, 2025
- Discretionary RAUM · $121M to $132MMar 14, 2024 to Mar 26, 2025
- HNW RAUM · $112M to $126MMar 14, 2024 to Mar 26, 2025
- Individual RAUM · $10.7M to $9.3MMar 14, 2024 to Mar 26, 2025
- Non-discretionary RAUM · $1.5M to $3.2MMar 14, 2024 to Mar 26, 2025
- RAUM · $123M to $136MMar 14, 2024 to Mar 26, 2025
- Accounts · 308 to 323Mar 30, 2023 to Mar 14, 2024
- HNW clients · 30 to 38Mar 30, 2023 to Mar 14, 2024
- Individual clients · 30 to 25Mar 30, 2023 to Mar 14, 2024
- Discretionary RAUM · $101M to $121MMar 30, 2023 to Mar 14, 2024
- HNW RAUM · $90.5M to $112MMar 30, 2023 to Mar 14, 2024
- Individual RAUM · $12.9M to $10.7MMar 30, 2023 to Mar 14, 2024
- Non-discretionary RAUM · $2.5M to $1.5MMar 30, 2023 to Mar 14, 2024
- RAUM · $103M to $123MMar 30, 2023 to Mar 14, 2024
- Accounts · 291 to 308Nov 18, 2022 to Mar 30, 2023
- HNW clients · 32 to 30Nov 18, 2022 to Mar 30, 2023
- Individual clients · 26 to 30Nov 18, 2022 to Mar 30, 2023
- Discretionary RAUM · $118M to $101MNov 18, 2022 to Mar 30, 2023
- HNW RAUM · $106M to $90.5MNov 18, 2022 to Mar 30, 2023
- Individual RAUM · $14.1M to $12.9MNov 18, 2022 to Mar 30, 2023
- Non-discretionary RAUM · $1.5M to $2.5MNov 18, 2022 to Mar 30, 2023
- RAUM · $120M to $103MNov 18, 2022 to Mar 30, 2023
- Accounts · 277 to 291Jul 1, 2021 to Mar 29, 2022
- HNW clients · 33 to 32Jul 1, 2021 to Mar 29, 2022
- Individual clients · 23 to 26Jul 1, 2021 to Mar 29, 2022
- State-registered IARs · 2 to 0Jul 1, 2021 to Mar 29, 2022
- Discretionary RAUM · $115M to $118MJul 1, 2021 to Mar 29, 2022
- HNW RAUM · $105M to $106MJul 1, 2021 to Mar 29, 2022
Signals
3 dated events
- Deron Darryl Swaby left Butler Financial Services for Heirloom Wealth Management Llc (registered 2025-12-04)Sep 16, 2025 · Advisor changed firm · fact
- Butler Financial Services filed its initial SEC registration (Form ADV)Apr 22, 2021 · First SEC registration · fact
- Mikyo Butler (Investment Advisor - Principal) appeared on Schedule A of Butler Financial ServicesApr 22, 2021 · Control person joined · 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
- oliver@butler-financial.orgreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- sarah@butler-financial.orgreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 303-444-3380reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 303-379-6268reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- BUTLER-FINANCIAL.ORGreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 303-444-3380reportedpublic record, Form ADV, Mar 27, 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
- $77.3Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026