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.

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Former SEC-registered adviser

B•••• W••••• M••••••••• L••

Former SEC-registered adviserEden Prairie, MinnesotaCRD 121072SEC 801-112699websiteIAPD
Latest filing Mar 17, 2025
First filing on the tape Feb 24, 2018 · 11 filings
SEC status approved since Mar 26, 2018
RAUM
$199M
reported, Item 5.F
Discretionary
88%
of RAUM
Private clients
100%
$199M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
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
11 filings and snapshots on the tape
RAUM$199M as of Mar 17, 2025
Mar 11, 2019$108M then
HNW client RAUM$160M as of Mar 17, 2025
Mar 11, 2019$75.2M then
State-registered IARs (5.B.3)2 as of Mar 17, 2025
Mar 11, 20193 then
Employees (5.A)4 as of Mar 17, 2025
Mar 11, 20194 then
Private funds: no history
RAUM +15% over the last fiscal year+6.9% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 17, 2025; every figure names its basis
RAUM per advisor
$99.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
59derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.7MderivedHNW RAUM over HNW clients
Average account
$317,153derivedRAUM over accounts (5.F.2.f)
Discretionary
88%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
+15%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.0%derived
Compensation
percentage of assets, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, 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$160M80%
  • Individuals$39.2M20%
Individual clients
58reported
HNW clients
59reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
629reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
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
2 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • B••••• T••••••• B•••••• · Member And Chief Compliance Officercontrol
    since 06/2002 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Eden Prairie, Mn · principal0021
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 577 to 629
    Mar 20, 2024 to Mar 17, 2025
  • HNW clients · 61 to 59
    Mar 20, 2024 to Mar 17, 2025
  • Individual clients · 56 to 58
    Mar 20, 2024 to Mar 17, 2025
  • Financial planning clients · 101-250 to 101-250
    Mar 20, 2024 to Mar 17, 2025
  • Discretionary RAUM · $152M to $175M
    Mar 20, 2024 to Mar 17, 2025
  • HNW RAUM · $139M to $160M
    Mar 20, 2024 to Mar 17, 2025
  • Individual RAUM · $34.0M to $39.2M
    Mar 20, 2024 to Mar 17, 2025
  • Non-discretionary RAUM · $21.4M to $24.1M
    Mar 20, 2024 to Mar 17, 2025
  • RAUM · $173M to $199M
    Mar 20, 2024 to Mar 17, 2025
  • Accounts · 559 to 577
    Mar 27, 2023 to Mar 20, 2024
  • Advisory employees · 3 to 2
    Mar 27, 2023 to Mar 20, 2024
  • HNW clients · 57 to 61
    Mar 27, 2023 to Mar 20, 2024
  • Individual clients · 59 to 56
    Mar 27, 2023 to Mar 20, 2024
  • State-registered IARs · 3 to 2
    Mar 27, 2023 to Mar 20, 2024
  • Discretionary RAUM · $139M to $152M
    Mar 27, 2023 to Mar 20, 2024
  • HNW RAUM · $125M to $139M
    Mar 27, 2023 to Mar 20, 2024
  • Individual RAUM · $34.7M to $34.0M
    Mar 27, 2023 to Mar 20, 2024
  • Non-discretionary RAUM · $20.1M to $21.4M
    Mar 27, 2023 to Mar 20, 2024
  • RAUM · $159M to $173M
    Mar 27, 2023 to Mar 20, 2024
  • Accounts · 550 to 559
    Mar 5, 2022 to Mar 27, 2023
  • HNW clients · 58 to 57
    Mar 5, 2022 to Mar 27, 2023
  • Individual clients · 53 to 59
    Mar 5, 2022 to Mar 27, 2023
  • Discretionary RAUM · $141M to $139M
    Mar 5, 2022 to Mar 27, 2023
  • HNW RAUM · $132M to $125M
    Mar 5, 2022 to Mar 27, 2023
  • Individual RAUM · $30.8M to $34.7M
    Mar 5, 2022 to Mar 27, 2023
  • Non-discretionary RAUM · $22.3M to $20.1M
    Mar 5, 2022 to Mar 27, 2023
  • RAUM · $163M to $159M
    Mar 5, 2022 to Mar 27, 2023
  • Accounts · 497 to 550
    Dec 13, 2021 to Mar 5, 2022
  • HNW clients · 51 to 58
    Dec 13, 2021 to Mar 5, 2022
  • Individual clients · 54 to 53
    Dec 13, 2021 to Mar 5, 2022
  • Discretionary RAUM · $121M to $141M
    Dec 13, 2021 to Mar 5, 2022
  • HNW RAUM · $113M to $132M
    Dec 13, 2021 to Mar 5, 2022
  • Individual RAUM · $29.2M to $30.8M
    Dec 13, 2021 to Mar 5, 2022
  • Non-discretionary RAUM · $21.3M to $22.3M
    Dec 13, 2021 to Mar 5, 2022
  • RAUM · $142M to $163M
    Dec 13, 2021 to Mar 5, 2022
  • Accounts · 456 to 497
    Jun 29, 2020 to Mar 11, 2021
  • HNW clients · 40 to 51
    Jun 29, 2020 to Mar 11, 2021
  • Individual clients · 70 to 54
    Jun 29, 2020 to Mar 11, 2021
  • Discretionary RAUM · $99.4M to $121M
    Jun 29, 2020 to Mar 11, 2021
  • HNW RAUM · $81.4M to $113M
    Jun 29, 2020 to Mar 11, 2021
Signals
6 dated events
  • B•••• W••••• M••••••••• L•• no longer on the SEC adviser roster (last listed 2025-12-20, RAUM $199.5M)
    Jan 2, 2026 · Left the SEC roster · derived
  • T•••••• B•••••• B•••• left B•••• W••••• M••••••••• L•• for M•••••• W••••• M••••••••• L• (registered 2025-06-23)
    Dec 22, 2025 · Advisor changed firm · fact
  • P•••• J• H••• left B•••• W••••• M••••••••• L•• for M•••••• W••••• M••••••••• L• (registered 2025-04-01)
    Dec 22, 2025 · Advisor changed firm · fact
  • 2 advisors left B•••• W••••• M••••••••• L•• (Eden Prairie, MN) for M•••••• W••••• M••••••••• L• on the same day
    Dec 22, 2025 · Team lift-out · derived
  • M•••••• J••• U••• left B•••• W••••• M••••••••• L•• for 3•• F•••••••• (registered 2023-05-22)
    May 11, 2023 · Advisor changed firm · fact
  • B•••• W••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
    Feb 24, 2018 · 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