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
Shaker Investments
Legal name Shaker Investments, L.L.C.
Latest filing Mar 30, 2026
First filing on the tape Mar 9, 2012 · 26 filings
SEC status approved since Jan 1, 2002
RAUM
$259M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
51%
$131M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$51.8M
derived; firm RAUM over IAPD count
Employees
9
6 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
1
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$259M as of Mar 30, 2026
Mar 9, 2012$92.5M then
HNW client RAUM$105M as of Mar 30, 2026
Mar 19, 2018$36.6M then
State-registered IARs (5.B.3)5 as of Mar 30, 2026
Mar 1, 20133 then
Employees (5.A)9 as of Mar 30, 2026
Mar 1, 20137 then
Private funds1 as of Mar 30, 2026
Mar 1, 20131 then
RAUM +2.2% over the last fiscal year+10% a year over threeIARs 6 to 5
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- 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
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $51.8MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 24derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.9MderivedHNW RAUM over HNW clients
- Average account
- $914,355derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.8derivedItem 5.A over advisors
- Advisors per office
- 1.7derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +2.2%derivedbetween the last two annual amendments
- Advisor growth, one year
- -17%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -20%derived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, otherreportedItem 5.G
- Custody
- $103M, 1 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
- 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)
- an independent public accountant performs a surprise examination (9.C.1)
- the adviser acts as qualified custodian (9.D.1)
- a related person acts as qualified custodian (9.D.2)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$105M41%
- Pooled investment vehicles$103M40%
- Individuals$25.9M10%
- Corporations and businesses$21.2M8.2%
- Charitable organizations$1.9M0.7%
- Pension and profit-sharing plans$1.8M0.7%
- Individual clients
- 67reported
- HNW clients
- 55reported
- Pension plan clients
- 2reported
- Charitable clients
- 2reported
- Accounts
- 283reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- $103M for 1 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.51 fund_share=0.4 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Edward Paul Hemmelgarn | Beachwood, Oh | Feb 4, 2002 | 30 y | 0 |
| Anthony John Panuto | Beachwood, Oh | Nov 27, 2006 | 20 y | 1 |
| Brandon A Hemmelgarn | Beachwood, Oh | Nov 4, 2016 | 13 y | 0 |
| Sasha Asen KostadinovChartered Financial Analyst | Beachwood, Oh | Nov 21, 2016 | 31 y | 0 |
| Chris Graham Hemmelgarn | Beachwood, Oh | Mar 5, 2018 | 14 y | 0 |
Advisor movement
2 left, 0 joined in 12 months
net -2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 40% of current headcount2 left over 36 months
Left, latest
- Ashley Nicole Arsena to Cleveland Wealth, LLCMar 3, 2026 · RIA to RIA
- Bradley James Wheeler to Huntington Financial AdvisorsNov 21, 2025 · RIA to affiliated broker-dealer or bank
- Douglas Hugh Thompson to Manulife Investment Management (US) LLCOct 3, 2006 · Other
- Donna Lynne Thrane to Choreo, LLCJan 3, 2005 · Other
Joined, latest
- Anthony John Panuto from Morgan Stanley Dw Inc.Nov 27, 2006 · Other
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Shaker Investments Tower Fund, L.P. | Hedge Fund | $94.7M | 18 | Mar 1, 2013 |
Owners and control persons
Schedule A and B, latest filing
- Paul Edward Hemmelgarn · President, Director & Membercontrolsince 01/2002 · owns 75% or more
- Lynne Janice Hammond · Secretary Of Shaker Investments LLCsince 01/2013 · owns 5% to 10%
- Joseph Raymond Rund · Managing Director, Senior Research Analystsince 09/2006 · owns less than 5%
- Coates Kathleen Wick · Chief Compliance Officersince 10/2022 · owns less than 5%
Related persons
Schedule D 7.A
- Shaker Hedge Gp, L.L.C.pooled vehicle sponsorcustodiany
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Beachwood, Oh · principal | 5 | 0 | 2 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
What changed
consecutive filings, newest first
- Accounts · 274 to 283Dec 8, 2025 to Mar 30, 2026
- Corporate clients · 2 to 3Dec 8, 2025 to Mar 30, 2026
- HNW clients · 68 to 55Dec 8, 2025 to Mar 30, 2026
- Individual clients · 84 to 67Dec 8, 2025 to Mar 30, 2026
- Pension plan clients · 3 to 2Dec 8, 2025 to Mar 30, 2026
- Assets in custody · $100M to $103MDec 8, 2025 to Mar 30, 2026
- Employees · 10 to 9Dec 8, 2025 to Mar 30, 2026
- State-registered IARs · 6 to 5Dec 8, 2025 to Mar 30, 2026
- Discretionary RAUM · $253M to $259MDec 8, 2025 to Mar 30, 2026
- HNW RAUM · $112M to $105MDec 8, 2025 to Mar 30, 2026
- Individual RAUM · $22.1M to $25.9MDec 8, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $94,503 to $118,194Dec 8, 2025 to Mar 30, 2026
- Pension RAUM · $1.6M to $1.8MDec 8, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $100M to $103MDec 8, 2025 to Mar 30, 2026
- RAUM · $253M to $259MDec 8, 2025 to Mar 30, 2026
- Accounts · 264 to 274Jan 2, 2025 to Mar 31, 2025
- Corporate clients · 3 to 2Jan 2, 2025 to Mar 31, 2025
- HNW clients · 67 to 68Jan 2, 2025 to Mar 31, 2025
- Individual clients · 79 to 84Jan 2, 2025 to Mar 31, 2025
- Pension plan clients · 5 to 3Jan 2, 2025 to Mar 31, 2025
- Assets in custody · $94.7M to $100MJan 2, 2025 to Mar 31, 2025
- Financial planning clients · 11-25 to 11-25Jan 2, 2025 to Mar 31, 2025
- Discretionary RAUM · $228M to $253MJan 2, 2025 to Mar 31, 2025
- HNW RAUM · $99.3M to $112MJan 2, 2025 to Mar 31, 2025
- Individual RAUM · $16.2M to $22.1MJan 2, 2025 to Mar 31, 2025
- Non-discretionary RAUM · $77,556 to $94,503Jan 2, 2025 to Mar 31, 2025
- Pension RAUM · $2.1M to $1.6MJan 2, 2025 to Mar 31, 2025
- Pooled vehicle RAUM · $94.7M to $100MJan 2, 2025 to Mar 31, 2025
- RAUM · $228M to $253MJan 2, 2025 to Mar 31, 2025
- Accounts · 245 to 264Mar 31, 2023 to Mar 22, 2024
- Charity clients · 1 to 2Mar 31, 2023 to Mar 22, 2024
- Corporate clients · 4 to 3Mar 31, 2023 to Mar 22, 2024
- HNW clients · 59 to 67Mar 31, 2023 to Mar 22, 2024
- Individual clients · 75 to 79Mar 31, 2023 to Mar 22, 2024
- Pension plan clients · 7 to 5Mar 31, 2023 to Mar 22, 2024
- Assets in custody · $85.7M to $94.7MMar 31, 2023 to Mar 22, 2024
- Discretionary RAUM · $194M to $228MMar 31, 2023 to Mar 22, 2024
- HNW RAUM · $74.1M to $99.3MMar 31, 2023 to Mar 22, 2024
- Individual RAUM · $11.8M to $16.2MMar 31, 2023 to Mar 22, 2024
- Non-discretionary RAUM · $71,404 to $77,556Mar 31, 2023 to Mar 22, 2024
Signals
2 dated events
- Ashley Nicole Arsena left Shaker Investments for Cleveland Wealth, Llc (registered 2026-03-11)Mar 3, 2026 · Advisor changed firm · fact
- Bradley James Wheeler left Shaker Investments for Huntington Financial Advisors (registered 2025-11-24)Nov 21, 2025 · Advisor changed firm · 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 phone
- 216-292-2950reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/shaker-investments-llc/aboutreportedpublic record, Form ADV, Sep 17, 2026
- Website
- SHAKERINVEST.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 216-292-2950reportedpublic record, Form ADV, Mar 30, 2026
- Contact form
- shakerinvest.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- shakerinvest.com/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
- $51.8Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026