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.
SEC-registered adviser
Btc Capital Management
Legal name Btc Capital Management, Inc.
Latest filing Mar 23, 2026
First filing on the tape Mar 6, 2012 · 38 filings
SEC status approved since Jul 1, 2003
RAUM
$4.6B
reported, Item 5.F
Discretionary
70%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
10
registered through the firm on IAPD
RAUM per advisor
$460M
derived; firm RAUM over IAPD count
Employees
17
9 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$4.6B as of Mar 23, 2026
Mar 6, 2012$2.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)11 as of Mar 23, 2026
Mar 22, 20130 then
Employees (5.A)17 as of Mar 23, 2026
Mar 22, 201312 then
Private funds: no history
RAUM +9.8% over the last fiscal year+8.3% a year over threeIARs 11 to 11
Practice profile
derived from the filing of Mar 23, 2026; every figure names its basis
- RAUM per advisor
- $460MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $2.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 70%derivedof RAUM
- Institutional
- 14%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 3.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +9.8%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, selection of other advisers, publicationsreportedItem 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)
- compensates non-employees for client referrals (8.G.2)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- a related person acts as qualified custodian (9.D.2)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Banks and thrifts$3.7B80%
- Charitable organizations$293M6.4%
- Corporations and businesses$222M4.8%
- Pension and profit-sharing plans$175M3.8%
- State and municipal entities$94.6M2.1%
- Insurance companies$78.6M1.7%
- Pooled investment vehicles$63.1M1.4%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- 34reported
- Accounts
- 2,199reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.0 fund_share=0.01 institutional_share=0.14 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
10 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Mark Paul Mandziara | Des Moines, Ia | Sep 1, 2004 | 22 y | 0 |
| Debra Ellen Norton | Des Moines, Ia | Feb 6, 2008 | 19 y | 0 |
| Scott Dean Eltjes | Des Moines, Ia | Dec 16, 2009 | 27 y | 3 |
| Jon Kent AugustineChartered Financial Analyst | Des Moines, Ia | Dec 18, 2009 | 27 y | 3 |
| Jeffrey Scott BirdsleyChartered Financial Analyst | Des Moines, Ia | Feb 2, 2010 | 16 y | 0 |
| David Hansen Chapman | Des Moines, Ia | Oct 28, 2010 | 17 y | 0 |
| Justin David CarleyChartered Financial Analyst | Des Moines, Ia | Dec 22, 2015 | 12 y | 1 |
| David Paul Jackson | Des Moines, Ia | Nov 20, 2018 | 30 y | 0 |
| Brian E Rolland | Des Moines, Ia | Nov 27, 2018 | 17 y | 0 |
| Robert Paul Larsen | Des Moines, Ia | Jun 30, 2020 | 17 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 10% of current headcount1 left over 36 months
Left, latest
- Dwayne Miles Krpan to Mainstreet AdvisorsNov 21, 2025 · Other
Joined, latest
- Justin David Carley from Atcapital ManagementDec 22, 2015 · Other
- Jon Kent Augustine from Miles Capital, Inc.Dec 18, 2009 · Other
- Scott Dean Eltjes from Miles Capital, Inc.Dec 16, 2009 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- John Kermit Albertson · Secretary/Treasurercontrolsince 05/2003 · owns less than 5%
- Kent Jon Augustine · Chief Investment Officercontrolsince 11/2009 · owns less than 5%
- Lee Kevin Chorniak · Chief Operating Officercontrolsince 01/2019 · owns less than 5%
- James Donald Coffin · Chairman, Directorcontrolsince 01/2018 · owns less than 5%
- Dean Scott Eltjes · President And Ceocontrolsince 02/2009 · owns less than 5%
- Paul Robert Larsen · Chief Compliance Officercontrolsince 08/2020 · owns less than 5%
- Paul Mark Mandziara · Senior Managing Directorcontrolsince 07/2003 · owns less than 5%
- Lee Ricky Mumm · Chief Financial Officercontrolsince 06/2019 · owns less than 5%
Entity owners
- Btc Financial Corporation · Shareholderdirect · owns 75% or more
- John Ruan 1993 Trust U/A/D April 2, 2002, John Ruan, Settlor; Current Trustee: John Ruan IV · Shareholderindirect · owns 75% or more of Btc Financial Corporation
Related persons
Schedule D 7.A
- Bankers Trust Companycustodiany
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Des Moines, Ia · principal | 10 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Cedar Rapids, IA1 employees
- Phoenix, AZ1 employees
What changed
consecutive filings, newest first
- Accounts · 2,262 to 2,199Mar 14, 2025 to Mar 23, 2026
- Advisory employees · 10 to 9Mar 14, 2025 to Mar 23, 2026
- Charity clients · 31 to 34Mar 14, 2025 to Mar 23, 2026
- Corporate clients · 22 to 21Mar 14, 2025 to Mar 23, 2026
- Employees · 18 to 17Mar 14, 2025 to Mar 23, 2026
- Discretionary RAUM · $3.0B to $3.2BMar 14, 2025 to Mar 23, 2026
- Non-discretionary RAUM · $1.2B to $1.4BMar 14, 2025 to Mar 23, 2026
- Pension RAUM · $177M to $175MMar 14, 2025 to Mar 23, 2026
- Pooled vehicle RAUM · $67.1M to $63.1MMar 14, 2025 to Mar 23, 2026
- RAUM · $4.2B to $4.6BMar 14, 2025 to Mar 23, 2026
- Accounts · 2,543 to 2,262Mar 27, 2024 to Mar 14, 2025
- Financial planning clients · unset to Mar 27, 2024 to Mar 14, 2025
- Discretionary RAUM · $2.7B to $3.0BMar 27, 2024 to Mar 14, 2025
- Non-discretionary RAUM · $1.2B to $1.2BMar 27, 2024 to Mar 14, 2025
- Pension RAUM · $182M to $177MMar 27, 2024 to Mar 14, 2025
- Pooled vehicle RAUM · $63.0M to $67.1MMar 27, 2024 to Mar 14, 2025
- RAUM · $3.8B to $4.2BMar 27, 2024 to Mar 14, 2025
- Accounts · 2,310 to 2,543Nov 2, 2023 to Mar 27, 2024
- Advisory employees · 14 to 10Nov 2, 2023 to Mar 27, 2024
- Charity clients · 59 to 31Nov 2, 2023 to Mar 27, 2024
- Corporate clients · 7 to 22Nov 2, 2023 to Mar 27, 2024
- Employees · 19 to 18Nov 2, 2023 to Mar 27, 2024
- State-registered IARs · 12 to 11Nov 2, 2023 to Mar 27, 2024
- Discretionary RAUM · $2.5B to $2.7BNov 2, 2023 to Mar 27, 2024
- Non-discretionary RAUM · $1.1B to $1.2BNov 2, 2023 to Mar 27, 2024
- Pension RAUM · $192M to $182MNov 2, 2023 to Mar 27, 2024
- Pooled vehicle RAUM · $57.9M to $63.0MNov 2, 2023 to Mar 27, 2024
- RAUM · $3.6B to $3.8BNov 2, 2023 to Mar 27, 2024
- Accounts · 2,263 to 2,310Mar 29, 2022 to Mar 30, 2023
- Advisory employees · 13 to 14Mar 29, 2022 to Mar 30, 2023
- Employees · 18 to 19Mar 29, 2022 to Mar 30, 2023
- Discretionary RAUM · $2.9B to $2.5BMar 29, 2022 to Mar 30, 2023
- Non-discretionary RAUM · $1.3B to $1.1BMar 29, 2022 to Mar 30, 2023
- Pension RAUM · $234M to $192MMar 29, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $79.8M to $57.9MMar 29, 2022 to Mar 30, 2023
- RAUM · $4.3B to $3.6BMar 29, 2022 to Mar 30, 2023
- Accounts · 2,349 to 2,263Mar 30, 2021 to Mar 29, 2022
- Charity clients · 65 to 59Mar 30, 2021 to Mar 29, 2022
- Corporate clients · 16 to 7Mar 30, 2021 to Mar 29, 2022
- Employees · 17 to 18Mar 30, 2021 to Mar 29, 2022
Signals
5 dated events
- Dwayne Miles Krpan left Btc Capital Management for Mainstreet Advisors (registered 2025-12-16)Nov 21, 2025 · Advisor changed firm · fact
- Lee Kevin Chorniak (Chief Operating Officer) appeared on Schedule A of Btc Capital ManagementMar 30, 2021 · Control person joined · fact
- Howard Charles Leibold (Chief Compliance Officer) no longer on Schedule A of Btc Capital Management (listed 2020-03-17, absent 2020-08-14)Aug 14, 2020 · Control person left · inference
- Paul Robert Larsen (Chief Compliance Officer) appeared on Schedule A of Btc Capital ManagementAug 14, 2020 · Control person joined · fact
- Lee Ricky Mumm (Chief Financial Officer) appeared on Schedule A of Btc Capital ManagementMar 17, 2020 · Control person joined · 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
- 515-245-5638reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/btc-capital-managementreportedpublic record, Form ADV, Sep 17, 2026
- Website
- BTCCAPITALMGMT.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 515-245-5638reportedpublic record, Form ADV, Mar 23, 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
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $460Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026