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•••••••• A••••••• G••••

Independent wealth managerChicago, IllinoisCRD 125218SEC 801-62068websiteIAPD
Legal name F•••••••• S•••••••• A••••••• G••••• I•••
Latest filing Mar 25, 2026
First filing on the tape Jan 27, 2012 · 23 filings
SEC status approved since Jun 6, 2003
RAUM
$935M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
96%
$900M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$117M
derived; firm RAUM over IAPD count
Employees
10
9 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$935M as of Mar 25, 2026
Jan 27, 2012$170M then
HNW client RAUM$900M as of Mar 25, 2026
Mar 31, 2018$308M then
State-registered IARs (5.B.3)9 as of Mar 25, 2026
Mar 26, 20137 then
Employees (5.A)10 as of Mar 25, 2026
Mar 26, 20138 then
Private funds: no history
RAUM +6.3% over the last fiscal year+13% a year over threeIARs 8 to 9
Practice profile
derived from the filing of Mar 25, 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
RAUM per advisor
$117MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
44derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.6MderivedHNW RAUM over HNW clients
Average account
$2.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
96%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
8.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+6.3%derivedbetween the last two annual amendments
Advisor growth, one year
+13%derivedItem 5.B.3 between annual amendments
Client growth, one year
+2.9%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, publicationsreportedItem 5.G
Custody
$900M, 350 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.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$900M96%
  • Corporations and businesses$35.0M3.7%
Individual clients
0reported
HNW clients
350reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
360reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
$900M for 350 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.96 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
S•••• J•••• M•••••••Certified Financial PlannerChicago, IlMar 28, 200323 y0
S••• A• J••••••Chartered Financial AnalystChicago, IlMar 1, 200623 y0
M••• C••••••••• S••••Chicago, IlMar 1, 200623 y0
D•••••• W•••• B•••••••••Chartered Financial AnalystChicago, IlFeb 18, 200930 y1
M•••• M•••• B••••••Certified Financial PlannerChicago, IlJan 2, 201326 y1
C••• J••••• R•••••••Chartered Financial AnalystChicago, IlAug 30, 201620 y1
D•••• A••• J•••••••Personal Financial SpecialistChicago, IlDec 13, 201927 y4
J•••• M•••••• V•••••Certified Financial PlannerChicago, IlNov 5, 202530 y1
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • J••••••• S•••• A• · Principal, Co-Foundercontrol
    since 01/2003 · owns 25% to 50%
  • M•••••••• S••••• J•••• · Principal, Co-Foundercontrol
    since 01/2003 · owns 25% to 50%
  • S••••• M•••• C••••••••• · Principal, Co-Founder, Chief Compliance Officercontrol
    since 01/2003 · 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
OfficeAdvisorsJoinedLeftTeams outForming
Chicago, Il · principal810
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 350 to 360
    Dec 1, 2025 to Mar 25, 2026
  • HNW clients · 340 to 350
    Dec 1, 2025 to Mar 25, 2026
  • Assets in custody · $850M to $900M
    Dec 1, 2025 to Mar 25, 2026
  • Discretionary RAUM · $850M to $900M
    Dec 1, 2025 to Mar 25, 2026
  • HNW RAUM · $850M to $900M
    Dec 1, 2025 to Mar 25, 2026
  • Non-discretionary RAUM · $30.0M to $35.0M
    Dec 1, 2025 to Mar 25, 2026
  • RAUM · $880M to $935M
    Dec 1, 2025 to Mar 25, 2026
  • Advisory employees · 8 to 9
    Mar 11, 2025 to Dec 1, 2025
  • State-registered IARs · 8 to 9
    Mar 11, 2025 to Dec 1, 2025
  • Assets in custody · $700M to $850M
    May 15, 2024 to Mar 11, 2025
  • Financial planning clients · 51-100 to 51-100
    May 15, 2024 to Mar 11, 2025
  • Discretionary RAUM · $700M to $850M
    May 15, 2024 to Mar 11, 2025
  • HNW RAUM · $700M to $850M
    May 15, 2024 to Mar 11, 2025
  • RAUM · $730M to $880M
    May 15, 2024 to Mar 11, 2025
  • Accounts · 343 to 350
    Mar 17, 2024 to Mar 30, 2024
  • Charity clients · unset to 0.0
    Mar 17, 2024 to Mar 30, 2024
  • Corporate clients · unset to 10.0
    Mar 17, 2024 to Mar 30, 2024
  • HNW clients · 343 to 340
    Mar 17, 2024 to Mar 30, 2024
  • Individual clients · unset to 0.0
    Mar 17, 2024 to Mar 30, 2024
  • Pension plan clients · unset to 0.0
    Mar 17, 2024 to Mar 30, 2024
  • Pooled vehicle clients · unset to 0.0
    Mar 17, 2024 to Mar 30, 2024
  • Discretionary RAUM · $680M to $700M
    Mar 17, 2024 to Mar 30, 2024
  • Individual RAUM · unset to 0.0
    Mar 17, 2024 to Mar 30, 2024
  • Non-discretionary RAUM · $20.0M to $30.0M
    Mar 17, 2024 to Mar 30, 2024
  • Pension RAUM · unset to 0.0
    Mar 17, 2024 to Mar 30, 2024
  • Pooled vehicle RAUM · unset to 0.0
    Mar 17, 2024 to Mar 30, 2024
  • RAUM · $700M to $730M
    Mar 17, 2024 to Mar 30, 2024
  • Accounts · 335 to 343
    Feb 21, 2023 to Mar 17, 2024
  • HNW clients · 335 to 343
    Feb 21, 2023 to Mar 17, 2024
  • Assets in custody · $650M to $700M
    Feb 21, 2023 to Mar 17, 2024
  • Discretionary RAUM · $640M to $680M
    Feb 21, 2023 to Mar 17, 2024
  • HNW RAUM · $650M to $700M
    Feb 21, 2023 to Mar 17, 2024
  • Non-discretionary RAUM · $10.0M to $20.0M
    Feb 21, 2023 to Mar 17, 2024
  • RAUM · $650M to $700M
    Feb 21, 2023 to Mar 17, 2024
  • Accounts · 340 to 335
    Feb 17, 2022 to Feb 21, 2023
  • HNW clients · 340 to 335
    Feb 17, 2022 to Feb 21, 2023
  • Assets in custody · $646M to $650M
    Feb 17, 2022 to Feb 21, 2023
  • Discretionary RAUM · $695M to $640M
    Feb 17, 2022 to Feb 21, 2023
  • HNW RAUM · $695M to $650M
    Feb 17, 2022 to Feb 21, 2023
  • Non-discretionary RAUM · $0 to $10.0M
    Feb 17, 2022 to Feb 21, 2023
Signals
1 dated events
  • F•••••••• S•••••••• A••••••• G•••• reported RAUM $597.0M, up 99% from $300.0M (2019-06-17 to 2020-02-04)
    Feb 4, 2020 · RAUM change · derived
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
773-714-1542reportedpublished by the firm, firm site, Sep 17, 2026
Business phone
773-714-1550reportedpublished by the firm, firm site, Sep 17, 2026
Website
H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
773-714-1540reportedpublic record, Form ADV, Mar 25, 2026
Contact form
fsadvisorygroup.com/contactreportedpublished by the firm, firm site, Sep 17, 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
$117Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026