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

Annex Wealth Management, LLC

Independent wealth managerBrookfield, WisconsinCRD 127987SEC 801-63505websiteIAPD
Legal name Annex Advisory Services, LLC
Latest filing Apr 17, 2026
First filing on the tape Jan 12, 2012 · 52 filings
SEC status approved since Sep 24, 2004
RAUM
$8.1B
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
93%
$7.5B individuals and HNW
Advisors
98
registered through the firm on IAPD
RAUM per advisor
$82.1M
derived; firm RAUM over IAPD count
Employees
151
74 advisory (5.B.1)
Offices
8
beyond the principal office
Private funds
0
reported on Schedule D
History
52 filings and snapshots on the tape
RAUM$8.1B as of Apr 17, 2026
Mar 30, 2012$375M then
HNW client RAUM$5.2B as of Apr 17, 2026
Mar 30, 2018$886M then
State-registered IARs (5.B.3)0 as of Apr 17, 2026
Mar 30, 20120 then
Employees (5.A)151 as of Apr 17, 2026
Mar 28, 201343 then
Private funds: no history
RAUM +30% over the last fiscal year+24% a year over threeIARs 0 to 0offices 7 to 8
Practice profile
derived from the filing of Apr 17, 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
  • Multi-office growth platform · an independent wealth manager (not a wirehouse, national broker-dealer RIA or broker-dealer affiliated firm) with at least five offices, at least 50 advisors, and RAUM up at least 20 percent over the last annual amendment
  • Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
RAUM per advisor
$82.1MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
68derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.8MderivedHNW RAUM over HNW clients
Average account
$365,860derivedRAUM over accounts (5.F.2.f)
Discretionary
97%derivedof RAUM
Institutional
6.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
10.9derived9 offices incl. principal (1.F.5)
RAUM growth, one year
+30%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
-28%derived
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 advisers, publications, educational seminars, otherreportedItem 5.G
Financial planning clients
5,500reportedItem 5.H
Ownership
controlled by a public reporting companyderived
Firms absorbed, 24 months
1derivedhalf or more of a firm's advisors moved here within 14 days
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)
  • 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)
  • controlled by a public reporting company (10.A)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$5.2B65%
  • Individuals$2.2B28%
  • Pension and profit-sharing plans$541M6.7%
  • Charitable organizations$10.9M0.1%
  • Corporations and businesses$2.1M0.0%
  • State and municipal entities$127,4810.0%
Individual clients
3,819reported
HNW clients
2,891reported
Pension plan clients
85reported
Charitable clients
7reported
Accounts
22,003reported
Financial planning clients
5,500reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.93 fund_share=0.0 institutional_share=0.07 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
97 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
David Joseph SpanoCertified Financial PlannerBrookfield, WiDec 3, 200438 y1
Mark James BeckBrookfield, WiJan 22, 200931 y1
Derek Van Wagoner FelskeChartered Financial AnalystBrookfield, WiJul 20, 201116 y1
Thomas Alexander ParksBrookfield, WiSep 18, 201425 y1
Kenneth Jay SymesBrookfield, Wi Sep 18, 201412 y1
Jacquelyn Lee SklenarBrookfield, Wi Dec 16, 201435 y0
Deanne E PhillipsBrookfield, WiSep 12, 201628 y1
Michael Thomas MurtosCertified Financial PlannerBrookfield, Wi Nov 1, 201636 y3
Brandon ArpsCertified Financial PlannerDelafield, Wi Jan 27, 201714 y2
Michael John MihmChartered Financial ConsultantMilwaukee, Wi Oct 10, 201732 y2
Eric Gustav StromCertified Financial PlannerBrookfield, WiJan 29, 201811 y1
Matthew Ross KrenkeCertified Financial Planner, Chartered Financial ConsultantAppleton, Wi Mar 7, 201919 y2
Michael Ernest VenturiniBrookfield, WiApr 12, 201918 y4
Naomi Karol AckleyBrookfield, WiOct 14, 201912 y1
Susanne Catherine LopezCertified Financial PlannerBrookfield, Wi Dec 23, 201918 y0
Brian Andrew BartholomewMadison, Wi Feb 20, 202012 y2
Jeffrey Lynn StanichCertified Financial PlannerLibertyville, Il Jul 30, 202010 y1
Keith Richard ButlerBrookfield, WiSep 18, 202014 y0
Thomas James BerkholtzCertified Financial PlannerBrookfield, WiSep 23, 202010 y1
Noi SayaovongBrookfield, WiDec 10, 202025 y1
Amy S KiiskilaCertified Financial PlannerBrookfield, WiJun 7, 202116 y0
David Scott FonoBrookfield, WiSep 13, 202112 y0
John David ThompsonBrookfield, WiFeb 14, 202216 y0
Sarah Jane KyleBrookfield, WiMar 31, 202230 y3
Asbjorn Edward SandersCertified Financial PlannerBrookfield, WiMay 4, 202222 y3
Jennifer Elizabeth JesseCertified Financial PlannerBrookfield, WiMay 11, 202210 y0
Jacob Patrick KnoxCertified Financial PlannerBrookfield, WiMay 31, 202213 y0
Cory Justin BorcherdtBrookfield, WiAug 30, 202211 y0
John Francis DerocheBrookfield, WiSep 6, 202213 y0
Frederick Andre ColemanCertified Financial PlannerBrookfield, WiOct 11, 202213 y1
Martha Mary KuhnBrookfield, WiOct 31, 202220 y0
David James FisherMequon, Wi Nov 7, 202213 y1
Arabella M ParinsCertified Financial PlannerBrookfield, WiNov 12, 202214 y0
Nikolas Brian HillstromChartered Financial AnalystBrookfield, WiNov 14, 202213 y0
Kent Neilson HalleenBrookfield, WiDec 5, 202215 y0
Michael Chester KirkCertified Financial PlannerBrookfield, WiMar 18, 202325 y3
Jacob GalanteCertified Financial PlannerBrookfield, WiApr 3, 202311 y0
Brian James JacobsenCertified Financial Planner, Chartered Financial AnalystBrookfield, WiMay 4, 202323 y3
Kevin TrecekCertified Financial PlannerBrookfield, WiMay 12, 202310 y1
Mitchell J Vanden HeuvelBrookfield, Wi May 16, 202310 y0
All 97 advisors at Annex Wealth Management, LLC
Advisor movement
18 left, 16 joined in 12 months
net -2 in 12 months4 left in 90 days0 joined in 90 daysdeparture rate 18% of current headcount25 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Karol Naomi Ackley · Chief Compliance Officercontrol
    since 09/2020 · owns less than 5%
  • Lawrence Jeffrey Pierce · President/Chief Operating Officercontrol
    since 05/2024 · owns less than 5%
  • Zasmeta Kristin Reilly · Chief Financial Officercontrol
    since 06/2023 · owns less than 5%
  • Joseph David Spano · Ceocontrol
    since 07/2003 · owns less than 5%
Entity owners
  • Annex Holdco II, LLC · Sole Member
    direct · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Brookfield, Wi · principal983516
Mequon, Wi730
Whitefish Bay, Wi550
Appleton, Wi530
Delafield, Wi412
Milwaukee, Wi200
Naples, Fl200
Libertyville, Il210
Offices
Schedule D 1.F, the 25 largest
  • Mequon, WI6 employees
  • Delafield, WI5 employees
  • Appleton, WI4 employees
  • Madison, WI2 employees
  • Milwaukee, WI2 employees
  • Naples, FL1 employees
  • Libertyville, IL1 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
  • clients down average size upCombination · filing Apr 17, 2026
    private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $6,173,934,226 to $8,050,023,961, advisors 0 to 0, private clients 9265 to 6710, offices 7 to 8 (2025-04-01 to 2026-04-17)
    peers: independent wealth managers, $5B to $20B (289)
  • control person changedChange between filings · filing Apr 17, 2026
    PIERCE, JEFFREY, LAWRENCE (PRESIDENT/CHIEF OPERATING OFFICER) left Schedule A between the filings of 2024-06-28 and 2026-04-17
    peers: independent wealth managers, $5B to $20B (289)
  • control person changedChange between filings · filing Apr 17, 2026
    Reilly, Kristin, Zasmeta (CHIEF FINANCIAL OFFICER) left Schedule A between the filings of 2024-06-28 and 2026-04-17
    peers: independent wealth managers, $5B to $20B (289)
What changed
consecutive filings, newest first
  • Accounts · 21,861 to 22,003
    Nov 26, 2025 to Jan 27, 2026
  • Advisory employees · 66 to 74
    Nov 26, 2025 to Jan 27, 2026
  • HNW clients · 3,481 to 2,891
    Nov 26, 2025 to Jan 27, 2026
  • Individual clients · 6,616 to 3,819
    Nov 26, 2025 to Jan 27, 2026
  • Employees · 144 to 151
    Nov 26, 2025 to Jan 27, 2026
  • Discretionary RAUM · $7.7B to $7.8B
    Nov 26, 2025 to Jan 27, 2026
  • HNW RAUM · $5.1B to $5.2B
    Nov 26, 2025 to Jan 27, 2026
  • Individual RAUM · $2.3B to $2.2B
    Nov 26, 2025 to Jan 27, 2026
  • Non-discretionary RAUM · $229M to $239M
    Nov 26, 2025 to Jan 27, 2026
  • Pension RAUM · $530M to $541M
    Nov 26, 2025 to Jan 27, 2026
  • RAUM · $7.9B to $8.1B
    Nov 26, 2025 to Jan 27, 2026
  • Accounts · 19,997 to 21,861
    Jul 3, 2025 to Nov 26, 2025
  • HNW clients · 3,293 to 3,481
    Jul 3, 2025 to Nov 26, 2025
  • Individual clients · 6,178 to 6,616
    Jul 3, 2025 to Nov 26, 2025
  • Pension plan clients · 86 to 85
    Jul 3, 2025 to Nov 26, 2025
  • Other offices · 7 to 8
    Jul 3, 2025 to Nov 26, 2025
  • Discretionary RAUM · $6.7B to $7.7B
    Jul 3, 2025 to Nov 26, 2025
  • HNW RAUM · $4.5B to $5.1B
    Jul 3, 2025 to Nov 26, 2025
  • Individual RAUM · $1.9B to $2.3B
    Jul 3, 2025 to Nov 26, 2025
  • Non-discretionary RAUM · $214M to $229M
    Jul 3, 2025 to Nov 26, 2025
  • Pension RAUM · $487M to $530M
    Jul 3, 2025 to Nov 26, 2025
  • RAUM · $6.9B to $7.9B
    Jul 3, 2025 to Nov 26, 2025
  • Accounts · 19,416 to 19,997
    Apr 1, 2025 to Jul 3, 2025
  • Charity clients · 6 to 7
    Apr 1, 2025 to Jul 3, 2025
  • HNW clients · 3,243 to 3,293
    Apr 1, 2025 to Jul 3, 2025
  • Individual clients · 6,022 to 6,178
    Apr 1, 2025 to Jul 3, 2025
  • Pension plan clients · 82 to 86
    Apr 1, 2025 to Jul 3, 2025
  • Financial planning clients · More than 500 to More than 500
    Apr 1, 2025 to Jul 3, 2025
  • Discretionary RAUM · $6.0B to $6.7B
    Apr 1, 2025 to Jul 3, 2025
  • HNW RAUM · $4.1B to $4.5B
    Apr 1, 2025 to Jul 3, 2025
  • Individual RAUM · $1.6B to $1.9B
    Apr 1, 2025 to Jul 3, 2025
  • Non-discretionary RAUM · $207M to $214M
    Apr 1, 2025 to Jul 3, 2025
  • Pension RAUM · $413M to $487M
    Apr 1, 2025 to Jul 3, 2025
  • RAUM · $6.2B to $6.9B
    Apr 1, 2025 to Jul 3, 2025
  • Accounts · 18,642 to 19,416
    Jul 29, 2024 to Apr 1, 2025
  • Advisory employees · 60 to 66
    Jul 29, 2024 to Apr 1, 2025
  • Charity clients · 7 to 6
    Jul 29, 2024 to Apr 1, 2025
  • HNW clients · 3,170 to 3,243
    Jul 29, 2024 to Apr 1, 2025
  • Individual clients · 5,826 to 6,022
    Jul 29, 2024 to Apr 1, 2025
  • Pension plan clients · 83 to 82
    Jul 29, 2024 to Apr 1, 2025
Signals
36 dated events
  • Faith Elizabeth Schanowski left Annex Wealth Management, Llc for Mariner (registered 2026-08-17)
    Sep 8, 2026 · Advisor changed firm · fact
  • James Mathew Schaeve left Annex Wealth Management, Llc for Intellicents Investment Solutions Inc (registered 2026-08-31)
    Sep 8, 2026 · Advisor changed firm · fact
  • Mark Alan Pent left Annex Wealth Management, Llc for Daymark Wealth Partners, Llc (registered 2026-07-13)
    Aug 7, 2026 · Advisor changed firm · fact
  • Jeffrey David Daye left Annex Wealth Management, Llc for Lpl Financial Llc (registered 2026-09-04)
    Jul 15, 2026 · Advisor changed firm · fact
  • Grant Tanner Moll left Annex Wealth Management, Llc for Johnson Wealth Inc. (registered 2026-03-24)
    Apr 9, 2026 · Advisor changed firm · fact
  • Brandon Lehman left Annex Wealth Management, Llc for Merit Financial Advisors (registered 2026-05-14)
    Jan 29, 2026 · Advisor changed firm · fact
  • Kyle Bradley Svetlik left Annex Wealth Management, Llc for Mercer Global Advisors Inc. (registered 2026-01-12)
    Jan 2, 2026 · Advisor changed firm · fact
  • Ryan Van Blarcom left Annex Wealth Management, Llc for Aprio Wealth Management, Llc (registered 2026-01-21)
    Jan 2, 2026 · Advisor changed firm · fact
  • Matthew Adam Kulakow left Annex Wealth Management, Llc for Operose Advisors Llc (registered 2025-12-11)
    Dec 4, 2025 · Advisor changed firm · fact
  • Wfa Asset Management Corp's advisors moved to Annex Wealth Management, LLC (Whitefish Bay, WI): 5 of 5 registered, on the same day
    Dec 4, 2025 · Firm absorbed (people side) · derived
  • Nikita A. Kibardin left Annex Wealth Management, Llc for Madison Partners (registered 2025-11-20)
    Nov 13, 2025 · Advisor changed firm · fact
  • Trevor Nargis left Annex Wealth Management, Llc for Northwestern Mutual Investment Services,Llc (registered 2026-02-04)
    Nov 6, 2025 · Advisor changed firm · fact
  • Allison Marie Moeschberger left Annex Wealth Management, Llc for Johnson Wealth Inc. (registered 2025-10-30)
    Oct 23, 2025 · Advisor changed firm · fact
  • Kaylee Jade Urbanek left Annex Wealth Management, Llc for Curran Financial Partners, Llc (registered 2025-10-27)
    Oct 23, 2025 · Advisor changed firm · fact
  • Matthew Joseph Morzy left Annex Wealth Management, Llc for Merit Financial Advisors (registered 2026-01-12)
    Oct 23, 2025 · Advisor changed firm · fact
  • Daniel William Wilson left Annex Wealth Management, Llc for Aprio Wealth Management, Llc (registered 2026-01-01)
    Sep 26, 2025 · Advisor changed firm · fact
  • Kenneth Ray Bellinger left Annex Wealth Management, Llc for Johnson Wealth Inc. (registered 2025-09-25)
    Sep 26, 2025 · Advisor changed firm · fact
  • Amy Jean Bremmer left Annex Wealth Management, Llc for Ellenbecker Investment Group (registered 2025-09-21)
    Sep 26, 2025 · Advisor changed firm · fact
  • Mark Ronald Strey left Annex Wealth Management, Llc for Neptune Wealth (registered 2025-09-07)
    Sep 19, 2025 · Advisor changed firm · fact
  • Jeffrey Lawrence Pierce left Annex Wealth Management, Llc for Johnson Wealth Inc. (registered 2025-08-11)
    Jul 3, 2025 · Advisor changed firm · fact
  • James John Mcknight left Annex Wealth Management, Llc for Cibc Private Wealth Advisors, Inc. (registered 2025-10-09)
    Mar 27, 2025 · Advisor changed firm · fact
  • Robert Clinton Chastain left Annex Wealth Management, Llc for Neptune Wealth (registered 2026-01-14)
    Feb 21, 2025 · Advisor changed firm · fact
  • Jacob Rabay left Annex Wealth Management, Llc for Empower Advisory Group, Llc (registered 2025-07-09)
    Jan 3, 2025 · Advisor changed firm · fact
  • Lawrence Jeffrey Pierce (President/Chief Operating Officer) appeared on Schedule A of Annex Wealth Management, Llc
    Jun 28, 2024 · Control person joined · fact
  • Janessa Lou Price left Annex Wealth Management, Llc for Prosperilux Llc (registered 2025-04-08)
    Apr 26, 2024 · Advisor changed firm · fact
  • Blaine T Disrud left Annex Wealth Management, Llc for Spectrum Investment Advisors, Inc. (registered 2024-04-24)
    Apr 11, 2024 · Advisor changed firm · fact
  • Nicholas Kavelaris left Annex Wealth Management, Llc for Fidelity Personal And Workplace Advisors (registered 2024-11-18)
    Mar 18, 2024 · Advisor changed firm · fact
  • Zasmeta Kristin Reilly (Chief Financial Officer) appeared on Schedule A of Annex Wealth Management, Llc
    Jan 23, 2024 · Control person joined · fact
  • Ryan John Lundeen left Annex Wealth Management, Llc for Ellenbecker Investment Group (registered 2023-05-16)
    Jan 12, 2023 · Advisor changed firm · fact
  • Randall John Winkler left Annex Wealth Management, Llc for Drake & Associates, Llc (registered 2022-12-07)
    Nov 17, 2022 · Advisor changed firm · 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
Website
WEALTHMETRIC.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
262-786-6363reportedpublic record, Form ADV, Apr 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
$82.1Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026