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••••••••• W••••• M••••••••• L••
Latest filing May 21, 2026
First filing on the tape Feb 6, 2012 · 13 filings
SEC status approved since Mar 16, 2021
RAUM
$203M
reported, Item 5.F
Discretionary
90%
of RAUM
Private clients
100%
$203M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$67.7M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$203M as of May 21, 2026
Feb 8, 2012$64.7M then
HNW client RAUM$155M as of May 21, 2026
Jan 25, 2022$126M then
State-registered IARs (5.B.3)3 as of May 21, 2026
Feb 8, 20120 then
Employees (5.A)3 as of May 21, 2026
Jan 25, 20225 then
Private funds: no history
RAUM +16% over the last fiscal year+13% a year over threeIARs 3 to 3
Practice profile
derived from the filing of May 21, 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
- i••••••••• 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $67.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 59derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.5MderivedHNW RAUM over HNW clients
- Average account
- $398,051derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 90%derivedof RAUM
- Institutional
- 0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +16%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -2.8%derived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 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)
- compensates persons for client referrals (8.G.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$155M77%
- Individuals$47.3M23%
- Charitable organizations$409,2420.2%
- Individual clients
- 115reported
- HNW clients
- 61reported
- Pension plan clients
- 0reported
- Charitable clients
- n/areported
- Accounts
- 510reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- 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=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| S•••• C• H••••••Certified Financial Planner | Traverse City, Mi | Jan 18, 2011 | 35 y | 2 |
| S•••••• M•••••• F•••••Certified Financial Planner | Traverse City, Mi | Jan 18, 2011 | 29 y | 1 |
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•• B•••• B••••• to R•••••• W•••••Dec 31, 2010 · Other
Joined, latest
- S•••• C• H•••••• from N••••••• P••••••• C••••••••• •••• O• A••••••• I• F• • N••Mar 4, 2010 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B•••••• J••• B•••• · Membercontrolsince 02/2010 · owns 25% to 50%
- F•••••• S••••••• M•••••• · Managing Membercontrolsince 03/1998 · owns 25% to 50%
- H••••••• S••••• C• · Member, Chief Compliance Officercontrolsince 01/2009 · owns 25% to 50%
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 |
|---|---|---|---|---|---|
| Traverse City, Mi · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 506 to 510Jan 29, 2025 to Jan 22, 2026
- HNW clients · 53 to 61Jan 29, 2025 to Jan 22, 2026
- Individual clients · 128 to 115Jan 29, 2025 to Jan 22, 2026
- Employees · 5 to 3Jan 29, 2025 to Jan 22, 2026
- Discretionary RAUM · $161M to $184MJan 29, 2025 to Jan 22, 2026
- HNW RAUM · $127M to $155MJan 29, 2025 to Jan 22, 2026
- Individual RAUM · $48.4M to $47.3MJan 29, 2025 to Jan 22, 2026
- Non-discretionary RAUM · $14.8M to $19.3MJan 29, 2025 to Jan 22, 2026
- RAUM · $175M to $203MJan 29, 2025 to Jan 22, 2026
- Accounts · 518 to 506Sep 5, 2024 to Jan 29, 2025
- HNW clients · 50 to 53Sep 5, 2024 to Jan 29, 2025
- Individual clients · 134 to 128Sep 5, 2024 to Jan 29, 2025
- Pension plan clients · unset to 0.0Sep 5, 2024 to Jan 29, 2025
- Financial planning clients · 101-250 to 101-250Sep 5, 2024 to Jan 29, 2025
- Discretionary RAUM · $150M to $161MSep 5, 2024 to Jan 29, 2025
- HNW RAUM · $112M to $127MSep 5, 2024 to Jan 29, 2025
- Individual RAUM · $48.9M to $48.4MSep 5, 2024 to Jan 29, 2025
- Non-discretionary RAUM · $11.2M to $14.8MSep 5, 2024 to Jan 29, 2025
- Pension RAUM · $239,976 to $0Sep 5, 2024 to Jan 29, 2025
- RAUM · $162M to $175MSep 5, 2024 to Jan 29, 2025
- Accounts · 516 to 518Jan 16, 2023 to Jan 28, 2024
- HNW clients · 38 to 50Jan 16, 2023 to Jan 28, 2024
- Individual clients · 144 to 134Jan 16, 2023 to Jan 28, 2024
- Discretionary RAUM · $131M to $150MJan 16, 2023 to Jan 28, 2024
- HNW RAUM · $104M to $112MJan 16, 2023 to Jan 28, 2024
- Individual RAUM · $34.5M to $48.9MJan 16, 2023 to Jan 28, 2024
- Non-discretionary RAUM · $8.6M to $11.2MJan 16, 2023 to Jan 28, 2024
- Pension RAUM · unset to 239976.0Jan 16, 2023 to Jan 28, 2024
- RAUM · $139M to $162MJan 16, 2023 to Jan 28, 2024
- Discretionary RAUM · $144M to $131MNov 8, 2022 to Jan 16, 2023
- HNW RAUM · $126M to $104MNov 8, 2022 to Jan 16, 2023
- Individual RAUM · $23.8M to $34.5MNov 8, 2022 to Jan 16, 2023
- Non-discretionary RAUM · $9.4M to $8.6MNov 8, 2022 to Jan 16, 2023
- Pension RAUM · 2124008.0 to unsetNov 8, 2022 to Jan 16, 2023
- RAUM · $153M to $139MNov 8, 2022 to Jan 16, 2023
- Accounts · 498 to 516Nov 8, 2022 to Jan 16, 2023
- HNW clients · 76 to 38Nov 8, 2022 to Jan 16, 2023
- Individual clients · 97 to 144Nov 8, 2022 to Jan 16, 2023
- Assets in custody · 98248988.0 to unsetJan 25, 2022 to Nov 8, 2022
- Custody of client assets · true to falseJan 25, 2022 to Nov 8, 2022
Signals
1 dated events
- I••••••••• W••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Feb 12, 2021 · 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.
How to reach
public business contact points only, each with its source
- Business phone
- 231-929-1086reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 888-929-1086reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- IWMUSA.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 231-929-1086reportedpublic record, Form ADV, May 21, 2026
- Contact form
- iwmusa.com/contact-usreportedpublished 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
- I••••••••• WEALTHderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $67.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026