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
I••••••••• M••••••••• G••••
Wealth manager with institutional or fund businessBillings, MontanaCRD 122166SEC 801-61567websiteIAPD
Legal name S••••••• W••••• M••••••••• I•••
Latest filing Jul 20, 2026
First filing on the tape Jan 6, 2012 · 74 filings
SEC status approved since Nov 8, 2002
RAUM
$5.2B
reported, Item 5.F
Discretionary
33%
of RAUM
Private clients
26%
$1.3B individuals and HNW
Advisors
25
registered through the firm on IAPD
RAUM per advisor
$209M
derived; firm RAUM over IAPD count
Employees
30
23 advisory (5.B.1)
Offices
8
beyond the principal office
Private funds
0
reported on Schedule D
History
74 filings and snapshots on the tape
RAUM$5.2B as of Jul 20, 2026
Mar 15, 2012$2.0B then
HNW client RAUM$1.0B as of Jul 20, 2026
Mar 6, 2018$261M then
State-registered IARs (5.B.3)27 as of Jul 20, 2026
Mar 22, 20137 then
Employees (5.A)30 as of Jul 20, 2026
Mar 22, 20138 then
Private funds: no history
RAUM +3.4% over the last fiscal year+5.4% a year over threeIARs 25 to 27offices 9 to 8
Practice profile
derived from the filing of Jul 20, 2026; every figure names its basis
Archetypes, each a printed rule
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $209MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 54derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.7MderivedHNW RAUM over HNW clients
- Average account
- $1.7MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 33%derivedof RAUM
- Institutional
- 13%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 2.8derived9 offices incl. principal (1.F.5)
- RAUM growth, one year
- +3.4%derivedbetween the last two annual amendments
- Advisor growth, one year
- +8.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -48%derived
- Compensation
- percentage of assets, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, otherreportedItem 5.G
- Custody
- $592M, 518 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
- Banks and thrifts$3.0B58%
- High-net-worth individuals$1.0B20%
- Individuals$303M5.8%
- Pension and profit-sharing plans$267M5.1%
- Charitable organizations$229M4.4%
- Corporations and businesses$186M3.6%
- State and municipal entities$165M3.2%
- Insurance companies$23.4M0.4%
- Individual clients
- 960reported
- HNW clients
- 379reported
- Pension plan clients
- 25reported
- Charitable clients
- 64reported
- Accounts
- 3,098reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $592M for 518 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.26 fund_share=0.0 institutional_share=0.13 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
25 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| R••••• W•••• O••••••••Chartered Financial Analyst | Billings, Mt | Mar 11, 2003 | 33 y | 0 |
| J••••••• M•• H•••••••Certified Financial Planner | Billings, Mt | Mar 16, 2010 | 16 y | 0 |
| E••• M••••••• G••••• | Billings, Mt | Sep 15, 2010 | 16 y | 0 |
| D•••• W•••••• A••••Chartered Financial Analyst | Helena, Mt | Dec 1, 2016 | 30 y | 0 |
| K••• D•••• G•••••Certified Financial Planner | Billings, Mt | Jul 2, 2019 | 26 y | 4 |
| M••••••• M•••• J•••••••Chartered Financial Consultant | Helena, Mt | Sep 16, 2019 | 12 y | 0 |
| M•••• O••••••••Chartered Financial Analyst | Billings, Mt | Oct 27, 2020 | 11 y | 0 |
| A••• L••••• C••••• | Billings, Mt | Dec 22, 2020 | 11 y | 0 |
| L•••• D•••••• J••••Chartered Financial Analyst | Billings, Mt | Dec 1, 2021 | 30 y | 0 |
| P•••••• H•••••• A•••••• | Billings, Mt | Mar 21, 2022 | 29 y | 1 |
| J•••••• R•••• N••••• | Missoula, Mt | Sep 1, 2022 | 10 y | 0 |
| C••••• D••••• Q•••••••Certified Financial Planner | Glendive, Mt | Sep 15, 2022 | 10 y | 0 |
| M•••• M•••• W••• | Missoula, Mt | Jan 4, 2023 | 12 y | 0 |
| M•••• A•• C•••• | Billings, Mt | May 17, 2023 | 33 y | 3 |
| N••••• M•••••• F••• | Billings, Mt | Oct 2, 2023 | 12 y | 0 |
| C••••••• A•••• J•••••• | Whitefish, Mt | Dec 11, 2023 | 11 y | 1 |
| J••••••• A•• S••••••Certified Financial Planner | Sidney, Mt | Dec 21, 2023 | 14 y | 0 |
| R•••• M•••• V•••• | Billings, Mt | Jun 20, 2024 | 19 y | 1 |
| J••••• T••••• B••••••• | Bozeman, Mt | Jul 23, 2024 | 10 y | 0 |
| E•••• A••••••••• S••••••• | Helena, Mt | Oct 9, 2024 | 17 y | 0 |
| H••••• R••• | Billings, Mt | Dec 4, 2024 | 12 y | 0 |
| K••••••• A•• H••••••Certified Financial Planner | Billings, Mt | Mar 5, 2025 | 14 y | 0 |
| J••••••• K••••• | Billings, Mt | Dec 8, 2025 | 11 y | 0 |
| R••• J••••• M•••••• | Bozeman, Mt | Jun 10, 2026 | 10 y | 1 |
| T••••• L•• K••••• | Missoula, Mt | Jun 26, 2026 | 10 y | 0 |
Advisor movement
2 left, 1 joined in 12 months
net -1 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 8.0% of current headcount3 left over 36 months
Left, latest
- J••• E•••• G••• to A••••• I••••••••• A••••••• L••Jul 7, 2026 · RIA to RIA
- T••••• J••• H•••••• to S••••••••• W••••• M••••••••• L••Apr 17, 2026 · RIA to a newly registered adviser
- K••• J••• M•••••• to C•••• A•••• M••••••••• L••Feb 1, 2024 · Other
- H••••• L•••• S•••• C••• to C•••••••• M••••••••• G••••Sep 26, 2022 · Other
- A••••• V••• H••••• to S•• I••••••••• A•••••••• I•••Aug 16, 2022 · Other
- E•••• D••••••• F••••• to E•••••• A••••••• G••••• L••Jan 4, 2022 · Other
- E••• A•••• V•••••• to A••••• I••••••••• A••••••• L••Mar 1, 2018 · Other
- S•••••• L•••• K••••••••• to O••••• C•••••• M•••••••••Mar 24, 2010 · Other
- E••• A•••• V•••••• to S•••• F•••••••• M••••••••• I••Mar 25, 2009 · Other
- B••• W•••••• A•• to D••• A••••••• S•••••••• L••Jan 20, 2009 · Other
- G••• R••••• L•••• to D••• A••••••• S•••••••• L••Dec 3, 2008 · Other
Joined, latest
- R••• J••••• M•••••• from F••••••• P••••••• A•• W•••••••• A•••••••Jun 10, 2026 · Affiliated broker-dealer or bank to independent RIA
- R•••• M•••• V•••• from C••••• I••••••••• S••••••• L••Jun 20, 2024 · Other
- C••••••• A•••• J•••••• from E••••• J••••Dec 11, 2023 · Other
- M•••• A•• C•••• from L•• F•••••••• L••May 17, 2023 · Other
- K••• D•••• G••••• from L•• F•••••••• L••Jul 2, 2019 · Other
- H••••• L•••• S•••• C••• from P••• I••••••••• M••••••••• L••Sep 13, 2016 · Other
- E•••• D••••••• F••••• from D••• D••••••• • C••Aug 18, 2016 · Other
- E••• A•••• V•••••• from S•••• F•••••••• M••••••••• I••Aug 18, 2016 · Other
- S•••••• L•••• K••••••••• from O••••• C•••••• M•••••••••Feb 5, 2009 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- A•••••••• J••••• L••• · Board Member - Vice Chaircontrolsince 03/2014 · owns less than 5%
- A••••••• P••••••• H•••••• · Managing Directorcontrolsince 03/2022 · owns less than 5%
- A••••• D••••• W•••••• · Managing Directorcontrolsince 02/2019 · owns less than 5%
- B•••••• A•••••• W•••••• · Board Membercontrolsince 10/2002 · owns less than 5%
- C•••••• C••••• L••••• · Board Membercontrolsince 03/2014 · owns less than 5%
- C•••••• W••••••• E••••• · Board Membercontrolsince 10/2002 · owns less than 5%
- F••••••• S•••••• B•••• · Board Membercontrolsince 04/2021 · owns less than 5%
- G•••••• E•••• M••••••• · Executive Directorcontrolsince 01/2022 · owns less than 5%
- G••••••••• K••••• J•• · Board Membercontrolsince 04/2018 · owns less than 5%
- J••••• L••••• D•••••• · President & Ciocontrolsince 01/2022 · owns less than 5%
- J••••••••• J••••••• D•••• · Board Member - Secretarycontrolsince 04/2018 · owns less than 5%
- M••••••• J•••••• A•••• · Board Membercontrolsince 04/2018 · owns less than 5%
- N•••••• J••••••• R•••• · Managing Directorcontrolsince 02/2022 · owns less than 5%
- O••••••••• R•••••• W•••• · Chairman & Ceocontrolsince 04/2014 · owns less than 5%
- V••••• R••••• M•••• · Operations Managercontrolsince 07/2024 · owns less than 5%
- Z•••••• D••••• A•••••• · Board Membercontrolsince 04/2020 · owns less than 5%
- C•••••• C••••• L••••• · Trusteecontrolsince 12/2011 · owns 25% to 50% of S••••••• F•••••••• C•••••••••
- C•••••• W••••••• E••••• · Trusteecontrolsince 09/1998 · owns 25% to 50% of S••••••• F•••••••• C•••••••••
Entity owners
- S••••••• F•••••••• C••••••••• · Shareholderdirect · owns 75% or more
Related persons
Schedule D 7.A
- S••••••• B••• O• M••••••n
- S••••••• I••••••••real estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Billings, Mt · principal | 16 | 2 | 1 | ||
| Helena, Mt | 3 | 0 | 0 | ||
| Missoula, Mt | 3 | 1 | 0 | ||
| Bozeman, Mt | 2 | 1 | 1 | ||
| Kalispell, Mt | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Helena, MT4 employees
- Missoula, MT3 employees
- Bozeman, MT1 employees
- Glendive, MT1 employees
- Sidney, ME1 employees
- Billings, MT1 employees
- Whitefish, MT1 employees
- Billings, MT1 employees
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Jul 20, 2026V••••• R••••• M•••• (OPERATIONS MANAGER) left Schedule A between the filings of 2024-07-30 and 2026-07-20peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Jul 20, 2026G•••••• E•••• M••••••• (EXECUTIVE DIRECTOR) left Schedule A between the filings of 2024-07-30 and 2026-07-20peers: independent wealth managers, $5B to $20B (289)
- clients down average size upCombination · filing Mar 25, 2026private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $5,065,457,259 to $5,235,996,694, advisors 25 to 27, private clients 2569 to 1339, offices 9 to 8 (2025-03-03 to 2026-03-25)peers: independent wealth managers, $5B to $20B (289)
- client count collapseChange between filings · filing Mar 25, 2026individual and HNW clients (Item 5.D) moved from 2,569.0 to 1,339.0 (-48.0%) between the annual amendments of 2025-03-03 and 2026-03-25; the peer median change was +6.0% (224 comparable advisers, 1.0th percentile of changes)peers: independent wealth managers, $5B to $20B (224) · 0.9% percentile
What changed
consecutive filings, newest first
- Charity clients · 92 to 64Jan 14, 2026 to Mar 25, 2026
- Corporate clients · 83 to 66Jan 14, 2026 to Mar 25, 2026
- HNW clients · 1,044 to 379Jan 14, 2026 to Mar 25, 2026
- Individual clients · 1,798 to 960Jan 14, 2026 to Mar 25, 2026
- Pension plan clients · 29 to 25Jan 14, 2026 to Mar 25, 2026
- Assets in custody · unset to 591719515.0Jan 14, 2026 to Mar 25, 2026
- Custody of client assets · false to trueJan 14, 2026 to Mar 25, 2026
- Accounts · 2,813 to 3,098Nov 21, 2025 to Jan 14, 2026
- Advisory employees · 21 to 23Nov 21, 2025 to Jan 14, 2026
- Charity clients · 87 to 92Nov 21, 2025 to Jan 14, 2026
- Corporate clients · 100 to 83Nov 21, 2025 to Jan 14, 2026
- HNW clients · 910 to 1,044Nov 21, 2025 to Jan 14, 2026
- Individual clients · 1,659 to 1,798Nov 21, 2025 to Jan 14, 2026
- Pension plan clients · 27 to 29Nov 21, 2025 to Jan 14, 2026
- Financial planning clients · 26-50 to 51-100Nov 21, 2025 to Jan 14, 2026
- State-registered IARs · 25 to 27Nov 21, 2025 to Jan 14, 2026
- Discretionary RAUM · $1.5B to $1.8BNov 21, 2025 to Jan 14, 2026
- HNW RAUM · $860M to $1.0BNov 21, 2025 to Jan 14, 2026
- Individual RAUM · $285M to $303MNov 21, 2025 to Jan 14, 2026
- Non-discretionary RAUM · $3.6B to $3.5BNov 21, 2025 to Jan 14, 2026
- Pension RAUM · $232M to $267MNov 21, 2025 to Jan 14, 2026
- RAUM · $5.1B to $5.2BNov 21, 2025 to Jan 14, 2026
- Other offices · 9 to 8Mar 3, 2025 to Nov 21, 2025
- Accounts · 2,303 to 2,813Oct 24, 2024 to Mar 3, 2025
- Advisory employees · 23 to 21Oct 24, 2024 to Mar 3, 2025
- Charity clients · 64 to 87Oct 24, 2024 to Mar 3, 2025
- Corporate clients · 69 to 100Oct 24, 2024 to Mar 3, 2025
- HNW clients · 497 to 910Oct 24, 2024 to Mar 3, 2025
- Individual clients · 927 to 1,659Oct 24, 2024 to Mar 3, 2025
- Pension plan clients · 21 to 27Oct 24, 2024 to Mar 3, 2025
- Employees · 31 to 30Oct 24, 2024 to Mar 3, 2025
- Financial planning clients · 26-50 to 26-50Oct 24, 2024 to Mar 3, 2025
- State-registered IARs · 23 to 25Oct 24, 2024 to Mar 3, 2025
- Other offices · 8 to 9Oct 24, 2024 to Mar 3, 2025
- Discretionary RAUM · $1.3B to $1.5BOct 24, 2024 to Mar 3, 2025
- HNW RAUM · $692M to $860MOct 24, 2024 to Mar 3, 2025
- Individual RAUM · $244M to $285MOct 24, 2024 to Mar 3, 2025
- Non-discretionary RAUM · $3.5B to $3.6BOct 24, 2024 to Mar 3, 2025
- Pension RAUM · $210M to $232MOct 24, 2024 to Mar 3, 2025
- RAUM · $4.8B to $5.1BOct 24, 2024 to Mar 3, 2025
Signals
15 dated events
- J••• E•••• G••• left I••••••••• M••••••••• G•••• for A••••• I••••••••• A••••••• L•• (registered 2026-07-29)Jul 7, 2026 · Advisor changed firm · fact
- T••••• J••• H•••••• left I••••••••• M••••••••• G•••• for S••••••••• W••••• M••••••••• L•• (registered 2026-05-26)Apr 17, 2026 · Advisor changed firm · fact
- Lee K•••n Sigler (Operations Manager) no longer on Schedule A of I••••••••• M••••••••• G•••• (listed 2024-07-10, absent 2024-07-30)Jul 30, 2024 · Control person left · inference
- M•••• Ronna Voges (Operations Manager) appeared on Schedule A of I••••••••• M••••••••• G••••Jul 30, 2024 · Control person joined · fact
- K••• J••• M•••••• left I••••••••• M••••••••• G•••• for C•••• A•••• M••••••••• L•• (registered 2025-04-01)Feb 1, 2024 · Advisor changed firm · fact
- H••••• L•••• S•••• C••• left I••••••••• M••••••••• G•••• for C•••••••• M••••••••• G•••• (registered 2022-09-12)Sep 26, 2022 · Advisor changed firm · fact
- A••••• V••• H••••• left I••••••••• M••••••••• G•••• for S•• I••••••••• A•••••••• I••• (registered 2022-08-24)Aug 16, 2022 · Advisor changed firm · fact
- I••••••••• M••••••••• G•••• reported RAUM $5.7B, up 30% from $4.4B (2022-02-04 to 2022-03-29)Mar 29, 2022 · RAUM change · derived
- Robert D•••• Rehbein (Managing Director) no longer on Schedule A of I••••••••• M••••••••• G•••• (listed 2022-01-04, absent 2022-02-04)Feb 4, 2022 · Control person left · inference
- E•••• D••••••• F••••• left I••••••••• M••••••••• G•••• for E•••••• A••••••• G••••• L•• (registered 2022-04-14)Jan 4, 2022 · Advisor changed firm · fact
- Douglas Larry J•••s (President) appeared on Schedule A of I••••••••• M••••••••• G••••Nov 30, 2021 · Control person joined · fact
- Gray Brenda Hittmeier (Managing Director) no longer on Schedule A of I••••••••• M••••••••• G•••• (listed 2021-09-16, absent 2021-10-08)Oct 8, 2021 · Control person left · inference
- I••••••••• M••••••••• G•••• reported RAUM $4.4B, up 40% from $3.1B (2020-06-29 to 2021-03-26)Mar 26, 2021 · RAUM change · derived
- Anthony D•••• Zoanni (Board Member) no longer on Schedule A of I••••••••• M••••••••• G•••• (listed 2019-03-21, absent 2019-04-01)Apr 1, 2019 · Control person left · inference
- Owen Philip Howeth (Managing Director) no longer on Schedule A of I••••••••• M••••••••• G•••• (listed 2018-10-10, absent 2019-03-21)Mar 21, 2019 · Control person left · inference
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
- Website
- stockmanbank.com/wealth-managementreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 406-655-3960reportedpublic record, Form ADV, Jul 20, 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $209Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026