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

Schwan Financial Advisors, LLC

Former SEC-registered adviserAberdeen, South DakotaCRD 127313SEC 801-68527IAPD
Latest filing Aug 6, 2012
First filing on the tape Mar 26, 2012 · 7 filings
RAUM
$50.7M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$25.4M
derived; firm RAUM over IAPD count
Employees
n/a
n/a advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$50.7M as of Aug 6, 2012
Mar 26, 2012$50.7M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 6, 2012
Mar 26, 20120 then
Employees (5.A): no history
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Aug 6, 2012; every figure names its basis
RAUM per advisor
$25.4MderivedRAUM 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
$131,476derivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, 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
  • is an insurance broker or agent (6.A.6)
  • buys or sells securities as principal to or from clients (8.A.2)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
386reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
John Paul SchwanAberdeen, SdMay 26, 200442 y1
Dalton LehnenCertified Financial PlannerAberdeen, Sd Jul 15, 202413 y2
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 50% of current headcount1 left over 36 months
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
    • Anthony Michael Duch · Elected Manager & Chief Compliance Officercontrol
      since 05/2004 · owns less than 5%
    • Sarathi Giridhar · Elected Managercontrol
      since 05/2004 · owns less than 5%
    • Paul John Schwan · Elected Managercontrol
      since 05/2003 · owns less than 5%
    • Paul John Schwan · Managing Membercontrol
      since 05/2003 · owns 50% to 75% of Schwan Financial Group, LLC
    Entity owners
    • Schwan Financial Group LLC · Member
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    • Schwan Financial Agency, LLC
      real estaten
    • Sfg Accounting Professionals, Pllc
      insurancen
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Aberdeen, Sd · principal201
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    One filing, no change to show.
    Signals
    4 dated events
    • Jacob Peter Cramond left Schwan Financial Advisors, Llc for Kovack Advisors, Inc. (registered 2026-01-14)
      Jan 8, 2026 · Advisor changed firm · fact
    • Ryan Nickolas Patnoe left Schwan Financial Advisors, Llc for Kovack Advisors, Inc. (registered 2022-09-09)
      Sep 9, 2022 · Advisor changed firm · fact
    • Kyle John Schwan left Schwan Financial Advisors, Llc for Kovack Advisors, Inc. (registered 2022-09-09)
      Sep 9, 2022 · Advisor changed firm · fact
    • 2 advisors left Schwan Financial Advisors, LLC (Aberdeen, SD) for Kovack Advisors, Inc. on the same day
      Sep 9, 2022 · Team lift-out · 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
    Website
    schwanfg.comreportedpublic record, Form ADV, 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
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $25.4Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026