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.

Former SEC-registered adviser

Lodestar Investment Counsel, LLC

Former SEC-registered adviserChicago, IllinoisCRD 124647SEC 801-61709IAPD
Latest filing Mar 29, 2019
First filing on the tape Mar 27, 2012 · 17 filings
RAUM
$1.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
87%
$1.2B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
11
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$1.4B as of Mar 29, 2019
Mar 27, 2012$743M then
HNW client RAUM$1.2B as of Mar 29, 2019
Mar 30, 2018$1.2B then
State-registered IARs (5.B.3)3 as of Mar 29, 2019
Apr 1, 20131 then
Employees (5.A)11 as of Mar 29, 2019
Apr 1, 20138 then
Private funds: no history
RAUM -1.2% over the last fiscal year+8.0% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 29, 2019; every figure names its basis
RAUM per advisor
$474MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
220derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.3MderivedHNW RAUM over HNW clients
Average account
$1.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
8.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.7derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-1.2%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.8%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, publicationsreportedItem 5.G
Custody
$225M, 95 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)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.2B84%
  • Charitable organizations$78.0M5.5%
  • Corporations and businesses$58.5M4.1%
  • Individuals$54.3M3.8%
  • Pension and profit-sharing plans$42.8M3.0%
Individual clients
137reported
HNW clients
524reported
Pension plan clients
13reported
Charitable clients
7reported
Accounts
1,317reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$225M for 95 clientsreported
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
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Henry Robert Dearborn · Co-President And Managing Directorcontrol
      since 04/2012 · owns less than 5%
    • Ward Peter Flanzer · Co-President And Managing Directorcontrol
      since 04/2012 · owns less than 5%
    • Ann Kimberly Geary · Vice President And Chief Compliance Officercontrol
      since 04/2004 · owns less than 5%
    • Henry Robert Dearborn · Membercontrol
      since 12/2013 · owns 50% to 75% of Dearborn-Flanzer LLC
    • Ward Peter Flanzer · Membercontrol
      since 12/2013 · owns 50% to 75% of Dearborn-Flanzer LLC
    • Alan Michael Herst · Managing Director
      since 01/2015 · owns less than 5%
    • Kay Krista Linn · Managing Director
      since 01/2015 · owns less than 5%
    Entity owners
    • Dearborn-Flanzer LLC · Member
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 1,297 to 1,317
      Mar 30, 2018 to Mar 29, 2019
    • Charity clients · 6 to 7
      Mar 30, 2018 to Mar 29, 2019
    • HNW clients · 515 to 524
      Mar 30, 2018 to Mar 29, 2019
    • Individual clients · 141 to 137
      Mar 30, 2018 to Mar 29, 2019
    • Assets in custody · $245M to $225M
      Mar 30, 2018 to Mar 29, 2019
    • Discretionary RAUM · $1.4B to $1.4B
      Mar 30, 2018 to Mar 29, 2019
    • HNW RAUM · $1.2B to $1.2B
      Mar 30, 2018 to Mar 29, 2019
    • Individual RAUM · $64.7M to $54.3M
      Mar 30, 2018 to Mar 29, 2019
    • Pension RAUM · $43.1M to $42.8M
      Mar 30, 2018 to Mar 29, 2019
    • RAUM · $1.4B to $1.4B
      Mar 30, 2018 to Mar 29, 2019
    • Accounts · 1,267 to 1,297
      Nov 30, 2017 to Mar 30, 2018
    • Charity clients · unset to 6.0
      Nov 30, 2017 to Mar 30, 2018
    • Corporate clients · unset to 13.0
      Nov 30, 2017 to Mar 30, 2018
    • HNW clients · unset to 515.0
      Nov 30, 2017 to Mar 30, 2018
    • Individual clients · unset to 141.0
      Nov 30, 2017 to Mar 30, 2018
    • Pension plan clients · unset to 13.0
      Nov 30, 2017 to Mar 30, 2018
    • Assets in custody · unset to 245072058.0
      Nov 30, 2017 to Mar 30, 2018
    • Custody of client assets · false to true
      Nov 30, 2017 to Mar 30, 2018
    • Discretionary RAUM · $1.3B to $1.4B
      Nov 30, 2017 to Mar 30, 2018
    • HNW RAUM · unset to 1210367609.0
      Nov 30, 2017 to Mar 30, 2018
    • Individual RAUM · unset to 64713110.0
      Nov 30, 2017 to Mar 30, 2018
    • Pension RAUM · unset to 43071128.0
      Nov 30, 2017 to Mar 30, 2018
    • RAUM · $1.3B to $1.4B
      Nov 30, 2017 to Mar 30, 2018
    • Other offices · unset to 0.0
      Mar 30, 2017 to Nov 30, 2017
    • Accounts · 1,242 to 1,267
      Mar 29, 2016 to Mar 30, 2017
    • Discretionary RAUM · $1.1B to $1.3B
      Mar 29, 2016 to Mar 30, 2017
    • RAUM · $1.1B to $1.3B
      Mar 29, 2016 to Mar 30, 2017
    • Accounts · 1,173 to 1,242
      Mar 30, 2015 to Mar 29, 2016
    • State-registered IARs · 0 to 3
      Mar 30, 2015 to Mar 29, 2016
    • Discretionary RAUM · $1.1B to $1.1B
      Mar 30, 2015 to Mar 29, 2016
    • RAUM · $1.1B to $1.1B
      Mar 30, 2015 to Mar 29, 2016
    • Accounts · 436 to 1,173
      Dec 12, 2014 to Mar 30, 2015
    • Advisory employees · 3 to 5
      Dec 12, 2014 to Mar 30, 2015
    • Employees · 7 to 11
      Dec 12, 2014 to Mar 30, 2015
    • Discretionary RAUM · $598M to $1.1B
      Dec 12, 2014 to Mar 30, 2015
    • RAUM · $598M to $1.1B
      Dec 12, 2014 to Mar 30, 2015
    • Accounts · 417 to 436
      Jan 16, 2014 to Mar 29, 2014
    • Advisory employees · 4 to 3
      Jan 16, 2014 to Mar 29, 2014
    • Employees · 8 to 7
      Jan 16, 2014 to Mar 29, 2014
    • State-registered IARs · 1 to 0
      Jan 16, 2014 to Mar 29, 2014
    Signals
    No event on the tape.
    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