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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SEC-registered adviser

F•••••••• S••••••••• G••••

Independent wealth managerFargo, North DakotaCRD 122030SEC 801-67302websiteIAPD
Legal name C•••••• A•••• M••••••••• L••
Latest filing May 5, 2026
First filing on the tape Jan 25, 2012 · 58 filings
SEC status approved since Dec 1, 2006
RAUM
$189M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
99%
$187M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$47.3M
derived; firm RAUM over IAPD count
Employees
10
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
58 filings and snapshots on the tape
RAUM$189M as of May 5, 2026
Jan 30, 2012$90.3M then
HNW client RAUM$66.0M as of May 5, 2026
Mar 1, 2018$34.6M then
State-registered IARs (5.B.3)4 as of May 5, 2026
Feb 19, 20135 then
Employees (5.A)10 as of May 5, 2026
Feb 19, 20135 then
Private funds: no history
RAUM +11% over the last fiscal year+6.1% a year over threeIARs 5 to 4
Practice profile
derived from the filing of May 5, 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
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
RAUM per advisor
$47.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
165derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.2MderivedHNW RAUM over HNW clients
Average account
$140,526derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
1.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.5derivedItem 5.A over advisors
Advisors per office
2.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+11%derivedbetween the last two annual amendments
Advisor growth, one year
-20%derivedItem 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, selection of other advisers, otherreportedItem 5.G
Custody
$18.3M, 80 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$121M64%
  • High-net-worth individuals$66.0M35%
  • Charitable organizations$2.1M1.1%
  • Corporations and businesses$85,0000.0%
Individual clients
602reported
HNW clients
57reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1,346reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$18.3M for 80 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=3.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
M•••••• V••••• Y••••Certified Financial PlannerFargo, NdJul 5, 200627 y1
C•••• A••• R••••••Fargo, Nd Jul 5, 200623 y3
D•••••• G••• S••••••Fargo, NdJul 5, 200638 y4
A••••• T••••• A••••Fargo, NdMar 11, 202221 y1
Advisor movement
0 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • R••••••• C••••• A••• · Managing Membercontrol
    since 01/2013 · owns less than 5%
  • Y••••• M••••••• V••••• · Cco And Managing Membercontrol
    since 05/2007 · owns less than 5%
  • R••••••• C••••• A••• · Managing Membercontrol
    since 08/2018 · owns 25% to 50% of C•••••• H•••••••• L••
  • S••••••• D••••••• G••• · Membercontrol
    since 01/2013 · owns 25% to 50% of C•••••• H•••••••• L••
  • Y••••• M••••••• V••••• · Managing Membercontrol
    since 01/2013 · owns 25% to 50% of C•••••• H•••••••• L••
Entity owners
  • C•••••• H•••••••• L•• · Holding Company/Owner
    direct · 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
Fargo, Nd · principal400
Offices
Schedule D 1.F, the 25 largest
  • Lakewood, CO1 employees
ADV anomalies
0 against comparable advisers; where to look, not conclusions
Nothing stands out against peers.
    Data quality: the 2026-03-31 holdings report shows $597,755,696 across 101 positions while Form ADV reports RAUM of $189,148,000 (3.2x); one of the two is misfiled, misattributed or in the wrong unit
    What changed
    consecutive filings, newest first
    • Related adviser · false to true
      Jan 29, 2026 to Feb 6, 2026
    • Accounts · 1,344 to 1,346
      Aug 22, 2025 to Jan 29, 2026
    • Advisory employees · 5 to 4
      Aug 22, 2025 to Jan 29, 2026
    • BD registered reps · 4 to 3
      Aug 22, 2025 to Jan 29, 2026
    • HNW clients · 51 to 57
      Aug 22, 2025 to Jan 29, 2026
    • Individual clients · 608 to 602
      Aug 22, 2025 to Jan 29, 2026
    • Assets in custody · $12.9M to $18.3M
      Aug 22, 2025 to Jan 29, 2026
    • Insurance-licensed employees · 5 to 0
      Aug 22, 2025 to Jan 29, 2026
    • State-registered IARs · 5 to 4
      Aug 22, 2025 to Jan 29, 2026
    • Discretionary RAUM · $168M to $187M
      Aug 22, 2025 to Jan 29, 2026
    • HNW RAUM · $54.2M to $66.0M
      Aug 22, 2025 to Jan 29, 2026
    • Individual RAUM · $114M to $121M
      Aug 22, 2025 to Jan 29, 2026
    • Non-discretionary RAUM · $1.8M to $2.0M
      Aug 22, 2025 to Jan 29, 2026
    • RAUM · $170M to $189M
      Aug 22, 2025 to Jan 29, 2026
    • Accounts · 1,968 to 1,344
      Oct 14, 2024 to Feb 18, 2025
    • Business name · C•••••• A•••• M••••••••• L•• to F•••••••• S••••••••• G••••
      Oct 14, 2024 to Feb 18, 2025
    • HNW clients · 32 to 51
      Oct 14, 2024 to Feb 18, 2025
    • Individual clients · 911 to 608
      Oct 14, 2024 to Feb 18, 2025
    • Assets in custody · $9.4M to $12.9M
      Oct 14, 2024 to Feb 18, 2025
    • Financial planning clients · 1-10 to 1-10
      Oct 14, 2024 to Feb 18, 2025
    • Discretionary RAUM · $180M to $168M
      Oct 14, 2024 to Feb 18, 2025
    • HNW RAUM · $37.0M to $54.2M
      Oct 14, 2024 to Feb 18, 2025
    • Individual RAUM · $143M to $114M
      Oct 14, 2024 to Feb 18, 2025
    • Non-discretionary RAUM · $1.9M to $1.8M
      Oct 14, 2024 to Feb 18, 2025
    • RAUM · $182M to $170M
      Oct 14, 2024 to Feb 18, 2025
    • Related broker-dealer · true to false
      Mar 19, 2024 to May 1, 2024
    • Accounts · 1,891 to 1,968
      Jun 1, 2023 to Mar 19, 2024
    • Advisory employees · 6 to 5
      Jun 1, 2023 to Mar 19, 2024
    • BD registered reps · 5 to 4
      Jun 1, 2023 to Mar 19, 2024
    • Charity clients · 3.0 to unset
      Jun 1, 2023 to Mar 19, 2024
    • Corporate clients · 1.0 to unset
      Jun 1, 2023 to Mar 19, 2024
    • HNW clients · 39 to 32
      Jun 1, 2023 to Mar 19, 2024
    • Individual clients · 874 to 911
      Jun 1, 2023 to Mar 19, 2024
    • Assets in custody · $10.1M to $9.4M
      Jun 1, 2023 to Mar 19, 2024
    • Employees · 12 to 10
      Jun 1, 2023 to Mar 19, 2024
    • Insurance-licensed employees · 0 to 5
      Jun 1, 2023 to Mar 19, 2024
    • State-registered IARs · 6 to 5
      Jun 1, 2023 to Mar 19, 2024
    • Discretionary RAUM · $157M to $180M
      Jun 1, 2023 to Mar 19, 2024
    • HNW RAUM · $29.6M to $37.0M
      Jun 1, 2023 to Mar 19, 2024
    • Individual RAUM · $127M to $143M
      Jun 1, 2023 to Mar 19, 2024
    Signals
    4 dated events
    • J•••••• A•••••••• H•••••••• left F•••••••• S••••••••• G•••• for S••••• A•••• M••••••••• L••••• (registered 2024-04-01)
      Mar 31, 2025 · Advisor changed firm · fact
    • T•••• L••• H•••••••• left F•••••••• S••••••••• G•••• for C••••• A••••••• G••••• L•• (registered 2024-01-17)
      Jan 17, 2024 · Advisor changed firm · fact
    • Victor Mark Young (Managing Member) no longer on Schedule A of F•••••••• S••••••••• G•••• (listed 2019-02-06, absent 2019-04-04)
      Apr 4, 2019 · Control person left · inference
    • F•••••••• S••••••••• G••••• I••• reported succeeding to the business of Another Adviser (Form ADV Item 4)
      Jan 25, 2012 · Succession (Item 4) · 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
    service@finstrat.comreportedpublished by the firm, firm site, Sep 16, 2026
    Business phone
    701-234-0103reportedpublished by the firm, firm site, Sep 16, 2026
    Business phone
    701-234-0106reportedpublished by the firm, firm site, Sep 16, 2026
    Website
    H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    701-234-0103reportedpublic record, Form ADV, May 5, 2026
    Contact form
    FINSTRAT.COM/get-in-touchreportedpublished 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
    $47.3Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026