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
P•••• I•• A••••••• S•••••••• L••
Latest filing Apr 28, 2026
First filing on the tape Mar 28, 2012 · 27 filings
SEC status approved since Feb 11, 2005
RAUM
$211M
reported, Item 5.F
Discretionary
75%
of RAUM
Private clients
100%
$211M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$70.3M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$211M as of Apr 28, 2026
Mar 28, 2012$102M then
HNW client RAUM$124M as of Apr 28, 2026
Mar 15, 2018$44.2M then
State-registered IARs (5.B.3)3 as of Apr 28, 2026
Feb 28, 20133 then
Employees (5.A)3 as of Apr 28, 2026
Feb 28, 20134 then
Private funds: no history
RAUM +30% over the last fiscal year+16% a year over threeIARs 3 to 3offices 0 to 1
Practice profile
derived from the filing of Apr 28, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- RAUM per advisor
- $70.3MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 161derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.8MderivedHNW RAUM over HNW clients
- Average account
- $150,651derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 75%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 1.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +30%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +32%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$124M59%
- Individuals$86.8M41%
- Individual clients
- 414reported
- HNW clients
- 69reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,400reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- $0 sponsored, $65.6M managedreported
- 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=3.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| J••• W•••••• B••••Certified Financial Planner | Frankfort, Il | Jun 6, 1998 | 42 y | 1 |
| J•••• M•••• U•••Certified Financial Planner | Frankfort, Il | Jan 2, 2002 | 25 y | 0 |
| A•••••• F•••• H••• | Buffalo Grove, Il | Jan 27, 2025 | 10 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 headcount0 left over 36 months
Left, latest
- J••••••• H•••••• to S••••• W••••• M•••••••••Jan 21, 2022 · RIA to RIA
- N•••• J••• F••••••••• to M••••• W••••• P•••••••Jun 3, 2019 · RIA to RIA
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B••••• J•••• W•••••• · President/Chief Compliance Officercontrolsince 06/1984 · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Buffalo Grove, Il · principal | 3 | 0 | 0 | ||
| Frankfort, Il | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,297 to 1,400Oct 17, 2025 to Mar 12, 2026
- HNW clients · 61 to 69Oct 17, 2025 to Mar 12, 2026
- Individual clients · 305 to 414Oct 17, 2025 to Mar 12, 2026
- Other offices · 0 to 1Oct 17, 2025 to Mar 12, 2026
- Discretionary RAUM · $124M to $158MOct 17, 2025 to Mar 12, 2026
- HNW RAUM · $99.3M to $124MOct 17, 2025 to Mar 12, 2026
- Individual RAUM · $62.9M to $86.8MOct 17, 2025 to Mar 12, 2026
- Non-discretionary RAUM · $38.2M to $53.2MOct 17, 2025 to Mar 12, 2026
- RAUM · $162M to $211MOct 17, 2025 to Mar 12, 2026
- Wrap assets (manager) · $62.5M to $65.6MOct 17, 2025 to Mar 12, 2026
- Accounts · 1,350 to 1,297Apr 12, 2024 to Mar 18, 2025
- Advisory employees · 2 to 3Apr 12, 2024 to Mar 18, 2025
- BD registered reps · 2 to 3Apr 12, 2024 to Mar 18, 2025
- HNW clients · 49 to 61Apr 12, 2024 to Mar 18, 2025
- Individual clients · 302 to 305Apr 12, 2024 to Mar 18, 2025
- Employees · 2 to 3Apr 12, 2024 to Mar 18, 2025
- Financial planning clients · 101-250 to 251-500Apr 12, 2024 to Mar 18, 2025
- State-registered IARs · 2 to 3Apr 12, 2024 to Mar 18, 2025
- Discretionary RAUM · $127M to $124MApr 12, 2024 to Mar 18, 2025
- HNW RAUM · $81.2M to $99.3MApr 12, 2024 to Mar 18, 2025
- Individual RAUM · $66.5M to $62.9MApr 12, 2024 to Mar 18, 2025
- Non-discretionary RAUM · $21.2M to $38.2MApr 12, 2024 to Mar 18, 2025
- RAUM · $148M to $162MApr 12, 2024 to Mar 18, 2025
- Wrap assets (manager) · $54.8M to $62.5MApr 12, 2024 to Mar 18, 2025
- Accounts · 1,175 to 1,350Jul 13, 2023 to Mar 15, 2024
- HNW clients · 50 to 49Jul 13, 2023 to Mar 15, 2024
- Individual clients · 235 to 302Jul 13, 2023 to Mar 15, 2024
- Discretionary RAUM · $97.6M to $127MJul 13, 2023 to Mar 15, 2024
- HNW RAUM · $76.8M to $81.2MJul 13, 2023 to Mar 15, 2024
- Individual RAUM · $59.2M to $66.5MJul 13, 2023 to Mar 15, 2024
- Non-discretionary RAUM · $38.4M to $21.2MJul 13, 2023 to Mar 15, 2024
- RAUM · $136M to $148MJul 13, 2023 to Mar 15, 2024
- Wrap assets (manager) · $50.4M to $54.8MJul 13, 2023 to Mar 15, 2024
- Accounts · 1,312 to 1,175Mar 8, 2022 to Mar 10, 2023
- HNW clients · 44 to 50Mar 8, 2022 to Mar 10, 2023
- Individual clients · 234 to 235Mar 8, 2022 to Mar 10, 2023
- Discretionary RAUM · $110M to $97.6MMar 8, 2022 to Mar 10, 2023
- HNW RAUM · $80.4M to $76.8MMar 8, 2022 to Mar 10, 2023
- Individual RAUM · $71.8M to $59.2MMar 8, 2022 to Mar 10, 2023
- Non-discretionary RAUM · $42.7M to $38.4MMar 8, 2022 to Mar 10, 2023
Signals
1 dated events
- J••••••• H•••••• left P•••• I•• A••••••• S•••••••• L•• for S••••• W••••• M••••••••• (registered 2023-03-31)Jan 21, 2022 · 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 email
- phase3@phase3advisory.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 847-520-5545reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 847-773-0054reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- P•••••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 847-520-5545reportedpublic record, Form ADV, Apr 28, 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
- $70.3Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026