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
M••••••••• P•••••••• M••••••••• G••••• L••
Latest filing Mar 10, 2026
First filing on the tape Mar 30, 2012 · 20 filings
SEC status approved since Jan 14, 2004
RAUM
$1.1B
reported, Item 5.F
Discretionary
93%
of RAUM
Private clients
87%
$956M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$367M
derived; firm RAUM over IAPD count
Employees
9
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$1.1B as of Mar 10, 2026
Mar 30, 2012$740M then
HNW client RAUM$698M as of Mar 10, 2026
Mar 23, 2018$545M then
State-registered IARs (5.B.3)3 as of Mar 10, 2026
Mar 25, 20130 then
Employees (5.A)9 as of Mar 10, 2026
Mar 25, 20139 then
Private funds: no history
RAUM +22% over the last fiscal year+10% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 10, 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
- 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $367MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 577derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.2MderivedHNW RAUM over HNW clients
- Average account
- $601,838derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 93%derivedof RAUM
- Institutional
- 11%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +22%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +3.1%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Custody
- $210M, 219 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$698M63%
- Individuals$259M23%
- Charitable organizations$67.2M6.1%
- Pension and profit-sharing plans$50.4M4.6%
- Corporations and businesses$27.3M2.5%
- Individual clients
- 1,129reported
- HNW clients
- 603reported
- Pension plan clients
- 67reported
- Charitable clients
- 16reported
- Accounts
- 1,830reported
- Financial planning clients
- reported
- Wrap fee programs
- $0 sponsored, $243M managedreported
- Custody of client assets
- $210M for 219 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.87 fund_share=0.0 institutional_share=0.11 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| H••••••• T••• G••••••• | Wayzata, Mn | Jun 29, 2004 | 27 y | 1 |
| P•••••• W••••• G••••••• | Wayzata, Mn | Jun 29, 2004 | 45 y | 1 |
| R••••• A••••• B•••••• | Wayzata, Mn | Dec 19, 2013 | 19 y | 0 |
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
none on the tape
Joined, latest
- P•••••• W••••• G••••••• from W•••• F•••• A•••••••Jun 29, 2004 · Other
- H••••••• T••• G••••••• from W•••• F•••• A•••••••Jun 29, 2004 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B••••••• R•••••• A••••• · Chief Compliance Officercontrolsince 11/2011 · owns less than 5%
- G•••••••• H•••••••• T••• · Chief Operating Officercontrolsince 12/2003 · owns 75% or more
- G•••••••• P••••••• W••••• · Chief Executive Officercontrolsince 12/2003 · owns 10% to 25%
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 |
|---|---|---|---|---|---|
| Wayzata, Mn · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- unusually high clients per advisorStatic outlier · filing Mar 10, 2026private clients per advisor of 577.3 against a peer median of 64.5 (1151 comparable advisers, 99.0th percentile, 12.5 robust deviations)peers: independent wealth managers, $1B to $5B (1,151) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 1,782 to 1,830Mar 18, 2025 to Mar 10, 2026
- Charity clients · 19 to 16Mar 18, 2025 to Mar 10, 2026
- Corporate clients · 16 to 15Mar 18, 2025 to Mar 10, 2026
- HNW clients · 542 to 603Mar 18, 2025 to Mar 10, 2026
- Individual clients · 1,138 to 1,129Mar 18, 2025 to Mar 10, 2026
- Pension plan clients · 66 to 67Mar 18, 2025 to Mar 10, 2026
- Assets in custody · $159M to $210MMar 18, 2025 to Mar 10, 2026
- Discretionary RAUM · $841M to $1.0BMar 18, 2025 to Mar 10, 2026
- HNW RAUM · $533M to $698MMar 18, 2025 to Mar 10, 2026
- Individual RAUM · $246M to $259MMar 18, 2025 to Mar 10, 2026
- Non-discretionary RAUM · $59.4M to $71.9MMar 18, 2025 to Mar 10, 2026
- Pension RAUM · $39.8M to $50.4MMar 18, 2025 to Mar 10, 2026
- RAUM · $901M to $1.1BMar 18, 2025 to Mar 10, 2026
- Wrap assets (manager) · $204M to $243MMar 18, 2025 to Mar 10, 2026
- Accounts · 1,879 to 1,782Sep 3, 2024 to Mar 18, 2025
- HNW clients · 528 to 542Sep 3, 2024 to Mar 18, 2025
- Individual clients · 1,241 to 1,138Sep 3, 2024 to Mar 18, 2025
- Pension plan clients · 74 to 66Sep 3, 2024 to Mar 18, 2025
- Assets in custody · $128M to $159MSep 3, 2024 to Mar 18, 2025
- Financial planning clients · unset to Sep 3, 2024 to Mar 18, 2025
- Discretionary RAUM · $825M to $841MSep 3, 2024 to Mar 18, 2025
- HNW RAUM · $501M to $533MSep 3, 2024 to Mar 18, 2025
- Individual RAUM · $255M to $246MSep 3, 2024 to Mar 18, 2025
- Non-discretionary RAUM · $64.1M to $59.4MSep 3, 2024 to Mar 18, 2025
- Pension RAUM · $37.6M to $39.8MSep 3, 2024 to Mar 18, 2025
- RAUM · $889M to $901MSep 3, 2024 to Mar 18, 2025
- Wrap assets (manager) · $221M to $204MSep 3, 2024 to Mar 18, 2025
- HQ city · M••••••••• to WAYZATAMar 4, 2024 to Sep 3, 2024
- Accounts · 2,056 to 1,879Mar 21, 2023 to Mar 4, 2024
- Charity clients · 22 to 19Mar 21, 2023 to Mar 4, 2024
- Corporate clients · 24 to 16Mar 21, 2023 to Mar 4, 2024
- HNW clients · 532 to 528Mar 21, 2023 to Mar 4, 2024
- Individual clients · 1,377 to 1,241Mar 21, 2023 to Mar 4, 2024
- Pension plan clients · 99 to 74Mar 21, 2023 to Mar 4, 2024
- Assets in custody · $140M to $128MMar 21, 2023 to Mar 4, 2024
- Discretionary RAUM · $772M to $825MMar 21, 2023 to Mar 4, 2024
- HNW RAUM · $445M to $501MMar 21, 2023 to Mar 4, 2024
- Individual RAUM · $249M to $255MMar 21, 2023 to Mar 4, 2024
- Non-discretionary RAUM · $52.7M to $64.1MMar 21, 2023 to Mar 4, 2024
- Pension RAUM · $32.1M to $37.6MMar 21, 2023 to Mar 4, 2024
Signals
1 dated events
- M••••••••• P•••••••• M••••••••• G••••• L•• reported RAUM $1.1B, up 32% from $812.6M (2017-03-23 to 2018-03-23)Mar 23, 2018 · 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
- 612-334-2000reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- H••••://WWW.MPMGLLC.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (612) 334-2000reportedpublic record, Form ADV, Mar 10, 2026
- Team page
- mpmgllc.com/our-teamreportedpublished by the firm, firm site, Sep 15, 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
- $367Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026