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

W•••••• I••••••••• P••••••• L••

Asset manager (funds and pooled vehicles)W••••••, MinnesotaCRD 132046SEC 801-63304IAPD
Latest filing Mar 30, 2026
First filing on the tape Mar 29, 2012 · 27 filings
SEC status approved since May 31, 2004
RAUM
$9.4M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$9.4M
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$9.4M as of Mar 30, 2026
Mar 29, 2012$7.4B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 29, 20120 then
Employees (5.A)4 as of Mar 30, 2026
Mar 28, 201342 then
Private funds2 as of Mar 30, 2026
Mar 29, 20129 then
RAUM -80% over the last fiscal year-76% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$9.4MderivedRAUM 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
$4.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-80%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$9.4M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J••• E••••• F••••W••••••, MnJul 13, 200433 y1
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
Private funds
12 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
W•••••• O••••••••• F••• I••• L•••Hedge Fund$125M109Aug 16, 2012
W•• O••••••• L••• I•no longer reportedHedge Fund$100M93Aug 16, 2012
W•• L•• I•no longer reportedPrivate Equity Fund$94.8M58Mar 29, 2012
W•• O••••••• L••• I•no longer reportedPrivate Equity Fund$55.3M36Mar 29, 2012
W•••••• O••••••••• F••• I•• L•••no longer reportedHedge Fund$35.9M158Mar 29, 2012
W•••••• R••••••• F•••• L••no longer reportedHedge Fund$20.8M20Mar 29, 2012
W•••••• O••••••••• F••• O••••••• I••• L•••Hedge Fund$4.6M11Aug 16, 2012
W•••••• D••••••••• O••••••••• F••• I••• L••no longer reportedHedge Fund$3.0M8Mar 29, 2012
W•••••• D••••••••• O••••••••• F••• I••• L••no longer reportedHedge Fund$1.2M11Mar 29, 2012
W•••••• O••••••••• F•••• L••no longer reportedHedge Fund$13,03398Mar 29, 2012
W•••••• O••••••••• F••• O•••••••• L•••no longer reportedHedge Fund$3774Mar 29, 2012
W•••••• O••••••••• F••• O••••••• I•• L•••no longer reportedHedge Fund$37322Mar 29, 2012
Owners and control persons
Schedule A and B, latest filing
  • A•••••• K••••• M•••• · Chief Operations Officercontrol
    since 10/2016 · owns less than 5%
  • B••••• M•••• I•••• · Vice President And Chief Compliance Officercontrol
    since 10/2017 · owns less than 5%
  • C••••••• B••••• M•••••• · Vice Presidentcontrol
    since 12/2009 · owns less than 5%
  • F••••• J•••• E••••• · Vice Presidentcontrol
    since 12/2009 · owns less than 5%
  • H•••••••• P••••••• J••••• · Managercontrol
    since 05/2004 · owns less than 5%
  • S•••••• P••• E•••• · Chief Financial Officercontrol
    since 10/2016 · owns less than 5%
  • W••••••••• R••••••• T• · Legal Officercontrol
    since 01/2023 · owns less than 5%
  • C••••••• B••••• M•••••• · Trusteecontrol
    since 06/2010 · owns 75% or more of B•••• M• C•••••• L••••• T•••• D•••• M•• 2•• 2•••
  • C••••••• B••••• M•••••• · Managercontrol
    since 12/2009 · owns F of B••• H•••••••• L••
  • C••••••• C••••••• R•• · Trusteecontrol
    since 06/2010 · owns 75% or more of C•••••• R• H•••••• C•••••• L••••• T•••• D•••• M•• 2•• 2•••
  • F••••• J•••• E••••• · Manager-Membercontrol
    since 12/2009 · owns 50% to 75% of A•• W••••••• L••
  • H•••••••• K•••••••• A••• · Trusteecontrol
    since 01/2004 · owns 75% or more of K••••••• A• H••••••• L••••• T•••• A••••••••
  • H•••••••• P••••••• J••••• · Managercontrol
    since 01/2004 · owns F of H•••••••• P••••••• J•••••
  • H•••••••• P••••••• J••••• · Trusteecontrol
    since 01/2004 · owns 75% or more of P•••••• J• H••••••• L••••• T•••• A••••••••
  • F••••• D••••• A•• · Member
    since 12/2009 · owns 25% to 50% of A•• W••••••• L••
Entity owners
  • A•• W••••••• L•• · Member
    direct · owns 10% to 25%
  • B••• H•••••••• L•• · Member
    direct · owns 10% to 25%
  • M•• H••••••• L•• · Member
    direct · owns 50% to 75%
  • B•••• M• C•••••• L••••• T•••• D•••• M•• 2•• 2••• · Member
    indirect · owns 50% to 75% of B••• H•••••••• L••
  • P•••••• J• H••••••• L••••• T•••• A•••••••• · Member
    indirect · owns 50% to 75% of M•• H••••••• L••
  • C•••••• R• H•••••• C•••••• L••••• T•••• D•••• M•• 2•• 2••• · Member
    indirect · owns 25% to 50% of B••• H•••••••• L••
  • K••••••• A• H••••••• L••••• T•••• A•••••••• · Member
    indirect · owns 25% to 50% of M•• H••••••• L••
Related persons
Schedule D 7.A
  • W•••••• O••••••• G• I••• L••
    bankpooled vehicle sponsory
  • W•• I•• G•• L•••
    bankpooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Advisory employees · 3 to 2
    Mar 28, 2025 to Mar 30, 2026
  • Employees · 5 to 4
    Mar 28, 2025 to Mar 30, 2026
  • Discretionary RAUM · $45.8M to $9.4M
    Mar 28, 2025 to Mar 30, 2026
  • Pooled vehicle RAUM · $45.8M to $9.4M
    Mar 28, 2025 to Mar 30, 2026
  • RAUM · $45.8M to $9.4M
    Mar 28, 2025 to Mar 30, 2026
  • Advisory employees · 5 to 3
    Oct 13, 2024 to Mar 28, 2025
  • Employees · 7 to 5
    Oct 13, 2024 to Mar 28, 2025
  • Financial planning clients · unset to
    Oct 13, 2024 to Mar 28, 2025
  • State-registered IARs · 1 to 0
    Oct 13, 2024 to Mar 28, 2025
  • Discretionary RAUM · $184M to $45.8M
    Oct 13, 2024 to Mar 28, 2025
  • Pooled vehicle RAUM · $184M to $45.8M
    Oct 13, 2024 to Mar 28, 2025
  • RAUM · $184M to $45.8M
    Oct 13, 2024 to Mar 28, 2025
  • HQ city · PLYMOUTH to W••••••
    Mar 29, 2024 to Oct 11, 2024
  • Discretionary RAUM · $376M to $184M
    Mar 29, 2024 to Oct 11, 2024
  • Pooled vehicle RAUM · $376M to $184M
    Mar 29, 2024 to Oct 11, 2024
  • RAUM · $376M to $184M
    Mar 29, 2024 to Oct 11, 2024
  • Discretionary RAUM · $644M to $376M
    Mar 30, 2023 to Mar 29, 2024
  • Pooled vehicle RAUM · $644M to $376M
    Mar 30, 2023 to Mar 29, 2024
  • RAUM · $644M to $376M
    Mar 30, 2023 to Mar 29, 2024
  • Accounts · 4 to 2
    Mar 30, 2022 to Mar 30, 2023
  • Pooled vehicle clients · 4 to 2
    Mar 30, 2022 to Mar 30, 2023
  • Private funds · 4 to 2
    Mar 30, 2022 to Mar 30, 2023
  • Discretionary RAUM · $697M to $644M
    Mar 30, 2022 to Mar 30, 2023
  • Pooled vehicle RAUM · $697M to $644M
    Mar 30, 2022 to Mar 30, 2023
  • RAUM · $697M to $644M
    Mar 30, 2022 to Mar 30, 2023
  • Discretionary RAUM · $805M to $697M
    Mar 31, 2021 to Mar 30, 2022
  • Pooled vehicle RAUM · $805M to $697M
    Mar 31, 2021 to Mar 30, 2022
  • RAUM · $805M to $697M
    Mar 31, 2021 to Mar 30, 2022
  • Discretionary RAUM · $822M to $805M
    Mar 30, 2020 to Mar 31, 2021
  • Pooled vehicle RAUM · $822M to $805M
    Mar 30, 2020 to Mar 31, 2021
  • RAUM · $822M to $805M
    Mar 30, 2020 to Mar 31, 2021
  • Accounts · 6 to 4
    Mar 29, 2019 to Mar 30, 2020
  • Pooled vehicle clients · 6 to 4
    Mar 29, 2019 to Mar 30, 2020
  • Assets in custody · 13033.0 to unset
    Mar 29, 2019 to Mar 30, 2020
  • Custody of client assets · true to false
    Mar 29, 2019 to Mar 30, 2020
  • Private funds · 6 to 4
    Mar 29, 2019 to Mar 30, 2020
  • Discretionary RAUM · $1.1B to $822M
    Mar 29, 2019 to Mar 30, 2020
  • Pooled vehicle RAUM · $1.1B to $822M
    Mar 29, 2019 to Mar 30, 2020
  • RAUM · $1.1B to $822M
    Mar 29, 2019 to Mar 30, 2020
  • Advisory employees · 11 to 5
    Mar 29, 2018 to Mar 29, 2019
Signals
6 dated events
  • W•••••• I••••••••• P••••••• L•• reported RAUM $45.8M, down 75% from $183.8M (2024-10-13 to 2025-03-28)
    Mar 28, 2025 · RAUM change · derived
  • W•••••• I••••••••• P••••••• L•• reported RAUM $183.8M, down 51% from $376.0M (2024-03-29 to 2024-10-11)
    Oct 11, 2024 · RAUM change · derived
  • W•••••• I••••••••• P••••••• L•• reported RAUM $376.0M, down 42% from $644.4M (2023-03-30 to 2024-03-29)
    Mar 29, 2024 · RAUM change · derived
  • T R•••••• W•••••••• (Legal Officer) appeared on Schedule A of W•••••• I••••••••• P••••••• L••
    Mar 29, 2024 · Control person joined · fact
  • W•••••• I••••••••• P••••••• L•• reported RAUM $821.7M, down 28% from $1.1B (2019-03-29 to 2020-03-30)
    Mar 30, 2020 · RAUM change · derived
  • W•••••• I••••••••• P••••••• L•• reported RAUM $1.4B, down 47% from $2.7B (2017-11-03 to 2018-03-29)
    Mar 29, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Principal office phone
952-345-0700reportedpublic record, Form ADV, Mar 30, 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
Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
RAUM per advisor
$9.4Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026