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
Thompson Investment Management, Inc.
Latest filing Sep 11, 2026
First filing on the tape Nov 17, 2011 · 27 filings
SEC status approved since Dec 5, 2003
RAUM
$3.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
25%
$761M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$514M
derived; firm RAUM over IAPD count
Employees
17
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$3.1B as of Aug 6, 2026
Mar 6, 2012$1.1B then
HNW client RAUM$682M as of Aug 6, 2026
Mar 21, 2018$444M then
State-registered IARs (5.B.3)6 as of Aug 6, 2026
Mar 11, 20135 then
Employees (5.A)17 as of Aug 6, 2026
Mar 11, 201317 then
Private funds: no history
RAUM +16% over the last fiscal year+8.3% a year over threeIARs 5 to 6
Practice profile
derived from the filing of Sep 11, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- 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
- $514MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 74derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.5MderivedHNW RAUM over HNW clients
- Average account
- $3.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 5.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.8derivedItem 5.A over advisors
- Advisors per office
- 6.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +16%derivedbetween the last two annual amendments
- Advisor growth, one year
- +20%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +4.0%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, pension consultingreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Custody
- $111M, 27 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$2.1B70%
- High-net-worth individuals$682M22%
- Pension and profit-sharing plans$107M3.5%
- Individuals$79.2M2.6%
- Charitable organizations$69.4M2.2%
- Corporations and businesses$9,0000.0%
- Individual clients
- 288reported
- HNW clients
- 153reported
- Pension plan clients
- 33reported
- Charitable clients
- 10reported
- Accounts
- 941reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $0 sponsored, $2.2M managedreported
- Custody of client assets
- $111M for 27 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.25 fund_share=0.7 institutional_share=0.06 related_bd= related_bank= bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| John Walter ThompsonChartered Financial Analyst | Madison, Wi | Jan 12, 2004 | 42 y | 1 |
| Colleen E Donnelly | Madison, Wi | May 23, 2020 | 23 y | 0 |
| Morgan Curtis MuellerChartered Financial Analyst | Madison, Wi | Feb 20, 2024 | 16 y | 0 |
| James Thomas EvansChartered Financial Analyst | Madison, Wi | Mar 5, 2024 | 26 y | 1 |
| Daniel BaginChartered Financial Analyst | Madison, Wi | Mar 25, 2025 | 10 y | 0 |
| Jason Lee StephensChartered Financial Analyst | Madison, Wi | Apr 2, 2025 | 23 y | 1 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Brian Keith Donley to Mendota Financial Group, LLCNov 23, 2009 · Other
- Thomas Francis Dunn to Pruco Securities, LLCFeb 4, 2009 · Other
Joined, latest
- Jason Lee Stephens from Wisconsin Capital Management, LLCApr 2, 2025 · Other
- James Thomas Evans from Nakoma Capital Management, LLCMar 5, 2024 · Other
- John Walter Thompson from Wisconsin Capital Management, LLCJan 12, 2004 · Other
- Thomas Francis Dunn from Wisconsin Capital Management, LLCJan 12, 2004 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- E Colleen Donnelly · Chief Compliance Officercontrolsince 05/2022 · owns less than 5%
- Thomas James Evans · Chief Investment Officercontrolsince 06/2009 · owns 25% to 50%
- Penny Hubbard · Vice Presidentcontrolsince 02/2020 · owns 25% to 50%
- Lee Jason Stephens · Chief Executive Officercontrolsince 03/2015 · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Madison, Wi · principal | 6 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Financial planning clients · 0 to 0Aug 6, 2026 to Sep 11, 2026
- Related adviser · false to unsetAug 6, 2026 to Sep 11, 2026
- Related bank · false to unsetAug 6, 2026 to Sep 11, 2026
- Related broker-dealer · false to unsetAug 6, 2026 to Sep 11, 2026
- Related insurance company · false to unsetAug 6, 2026 to Sep 11, 2026
- Succession · false to unsetAug 6, 2026 to Sep 11, 2026
- Accounts · 882 to 941Mar 27, 2025 to Mar 27, 2026
- HNW clients · 142 to 153Mar 27, 2025 to Mar 27, 2026
- Individual clients · 282 to 288Mar 27, 2025 to Mar 27, 2026
- Pension plan clients · 35 to 33Mar 27, 2025 to Mar 27, 2026
- Assets in custody · $85.3M to $111MMar 27, 2025 to Mar 27, 2026
- Employees · 18 to 17Mar 27, 2025 to Mar 27, 2026
- State-registered IARs · 5 to 6Mar 27, 2025 to Mar 27, 2026
- Discretionary RAUM · $2.7B to $3.1BMar 27, 2025 to Mar 27, 2026
- HNW RAUM · $587M to $682MMar 27, 2025 to Mar 27, 2026
- Individual RAUM · $73.7M to $79.2MMar 27, 2025 to Mar 27, 2026
- Pension RAUM · $88.1M to $107MMar 27, 2025 to Mar 27, 2026
- RAUM · $2.7B to $3.1BMar 27, 2025 to Mar 27, 2026
- Wrap assets (manager) · $1.9M to $2.2MMar 27, 2025 to Mar 27, 2026
- Accounts · 800 to 882Mar 20, 2024 to Mar 27, 2025
- Advisory employees · 5 to 6Mar 20, 2024 to Mar 27, 2025
- Charity clients · 8 to 10Mar 20, 2024 to Mar 27, 2025
- HNW clients · 132 to 142Mar 20, 2024 to Mar 27, 2025
- Individual clients · 264 to 282Mar 20, 2024 to Mar 27, 2025
- Pension plan clients · 30 to 35Mar 20, 2024 to Mar 27, 2025
- Assets in custody · $75.9M to $85.3MMar 20, 2024 to Mar 27, 2025
- Financial planning clients · 0 to 0Mar 20, 2024 to Mar 27, 2025
- Discretionary RAUM · $2.1B to $2.7BMar 20, 2024 to Mar 27, 2025
- HNW RAUM · $499M to $587MMar 20, 2024 to Mar 27, 2025
- Individual RAUM · $72.8M to $73.7MMar 20, 2024 to Mar 27, 2025
- Pension RAUM · $69.2M to $88.1MMar 20, 2024 to Mar 27, 2025
- RAUM · $2.1B to $2.7BMar 20, 2024 to Mar 27, 2025
- Wrap assets (manager) · $1.8M to $1.9MMar 20, 2024 to Mar 27, 2025
- Accounts · 779 to 800Apr 18, 2023 to Mar 20, 2024
- Advisory employees · 6 to 5Apr 18, 2023 to Mar 20, 2024
- Charity clients · 9 to 8Apr 18, 2023 to Mar 20, 2024
- HNW clients · 122 to 132Apr 18, 2023 to Mar 20, 2024
- Individual clients · 245 to 264Apr 18, 2023 to Mar 20, 2024
- Pension plan clients · 32 to 30Apr 18, 2023 to Mar 20, 2024
- Assets in custody · $51.3M to $75.9MApr 18, 2023 to Mar 20, 2024
Signals
9 dated events
- Thompson Investment Management, Inc. reported RAUM $2.4B, down 28% from $3.4B (2022-06-10 to 2023-03-23)Mar 23, 2023 · RAUM change · derived
- E Colleen Donnelly (Chief Compliance Officer) appeared on Schedule A of Thompson Investment Management, Inc.Jun 10, 2022 · Control person joined · fact
- Beth Dara Biederman (Chief Compliance Officer) no longer on Schedule A of Thompson Investment Management, Inc. (listed 2022-03-25, absent 2022-06-10)Jun 10, 2022 · Control person left · inference
- Susan Nedra Pierce (Chief Compliance Officer) no longer on Schedule A of Thompson Investment Management, Inc. (listed 2021-03-30, absent 2022-03-25)Mar 25, 2022 · Control person left · inference
- Beth Dara Biederman (Chief Compliance Officer) appeared on Schedule A of Thompson Investment Management, Inc.Mar 25, 2022 · Control person joined · fact
- Thompson Investment Management, Inc. reported RAUM $3.0B, down 35% from $4.6B (2020-06-30 to 2021-03-30)Mar 30, 2021 · RAUM change · derived
- Walter John Thompson (President) no longer on Schedule A of Thompson Investment Management, Inc. (listed 2019-08-20, absent 2020-03-27)Mar 27, 2020 · Control person left · inference
- Penny Hubbard (Vice President) appeared on Schedule A of Thompson Investment Management, Inc.Mar 27, 2020 · Control person joined · fact
- Thompson Investment Management, Inc. reported RAUM $4.2B, up 25% from $3.4B (2018-03-22 to 2019-03-22)Mar 22, 2019 · 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
- 800-999-0887reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/thompson-investment-management-inc-reportedpublic record, Form ADV, Sep 18, 2026
- Firm profile
- linkedin.com/company/thompson-im-funds-inc-reportedpublic record, Form ADV, Sep 18, 2026
- Website
- thompsonim.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 608-827-5700reportedpublic record, Form ADV, Sep 11, 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $514Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026