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
Tieton Capital Management
Wealth manager with institutional or fund businessYakima, WashingtonCRD 135769SEC 801-66657websiteIAPD
Legal name Tieton Capital Management, LLC
Latest filing Mar 17, 2026
First filing on the tape Feb 2, 2012 · 20 filings
SEC status approved since May 23, 2006
RAUM
$314M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
40%
$127M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$157M
derived; firm RAUM over IAPD count
Employees
3
2 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$314M as of Mar 17, 2026
Feb 2, 2012$113M then
HNW client RAUM$86.0M as of Mar 17, 2026
Jan 24, 2018$87.9M then
State-registered IARs (5.B.3)2 as of Mar 17, 2026
Feb 21, 20131 then
Employees (5.A)3 as of Mar 17, 2026
Feb 21, 20133 then
Private funds: no history
RAUM +17% over the last fiscal year+23% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 17, 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
- RAUM per advisor
- $157MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 23derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $6.1MderivedHNW RAUM over HNW clients
- Average account
- $6.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 33%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +17%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -2.2%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
- Custody
- $25.1M, 12 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$86.0M27%
- Pooled investment vehicles$66.1M21%
- State and municipal entities$58.5M19%
- Charitable organizations$43.7M14%
- Individuals$41.1M13%
- Investment companies$18.6M5.9%
- Individual clients
- 31reported
- HNW clients
- 14reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 50reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $25.1M for 12 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.4 fund_share=0.27 institutional_share=0.33 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| William Joseph DezellemChartered Financial Analyst | Yakima, Wa | Jun 29, 2005 | 33 y | 2 |
| Matthew Walter DhaneChartered Financial Analyst | Yakima, Wa | Jan 5, 2006 | 24 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
- Lora Lynn Leavenworth to Fisher InvestmentsSep 14, 2021 · RIA to RIA
Joined, latest
- Lora Lynn Leavenworth from Capstone Wealth Management Group, LLCMay 23, 2013 · Other
- Matthew Walter Dhane from Davidson Investment Advisors, Inc.Jan 5, 2006 · Other
- William Joseph Dezellem from D.A. Davidson & Co.Jun 29, 2005 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Joseph William Dezellem · President, Chief Investment Officer, Chief Compliance Officer & Managing Membercontrolsince 06/2005 · owns 75% or more
- Walter Matthew Dhane · Portfolio Manager, Principal & Membercontrolsince 01/2014 · 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 |
|---|---|---|---|---|---|
| Yakima, Wa · principal | 2 | 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 large average accountStatic outlier · filing Mar 17, 2026RAUM per account of $6,279,627 against a peer median of $440,397 (5431 comparable advisers, 100.0th percentile, 3.9 robust deviations)peers: independent wealth managers, $100M to $500M (5,431) · 100% percentile
What changed
consecutive filings, newest first
- Accounts · 97 to 50Mar 28, 2025 to Mar 17, 2026
- HNW clients · 16 to 14Mar 28, 2025 to Mar 17, 2026
- Individual clients · 30 to 31Mar 28, 2025 to Mar 17, 2026
- Assets in custody · $19.0M to $25.1MMar 28, 2025 to Mar 17, 2026
- Discretionary RAUM · $269M to $314MMar 28, 2025 to Mar 17, 2026
- HNW RAUM · $78.2M to $86.0MMar 28, 2025 to Mar 17, 2026
- Individual RAUM · $36.4M to $41.1MMar 28, 2025 to Mar 17, 2026
- Pension RAUM · $3.2M to $0Mar 28, 2025 to Mar 17, 2026
- Pooled vehicle RAUM · $50.6M to $66.1MMar 28, 2025 to Mar 17, 2026
- RAUM · $269M to $314MMar 28, 2025 to Mar 17, 2026
- Accounts · 89 to 97Mar 22, 2024 to Mar 28, 2025
- Individual clients · 28 to 30Mar 22, 2024 to Mar 28, 2025
- Assets in custody · $16.0M to $19.0MMar 22, 2024 to Mar 28, 2025
- Employees · 2 to 3Mar 22, 2024 to Mar 28, 2025
- Financial planning clients · unset to Mar 22, 2024 to Mar 28, 2025
- Discretionary RAUM · $195M to $269MMar 22, 2024 to Mar 28, 2025
- HNW RAUM · $68.2M to $78.2MMar 22, 2024 to Mar 28, 2025
- Individual RAUM · $30.8M to $36.4MMar 22, 2024 to Mar 28, 2025
- Pension RAUM · $4.5M to $3.2MMar 22, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $49.6M to $50.6MMar 22, 2024 to Mar 28, 2025
- RAUM · $195M to $269MMar 22, 2024 to Mar 28, 2025
- Accounts · 49 to 89Mar 7, 2023 to Mar 22, 2024
- HNW clients · 14 to 16Mar 7, 2023 to Mar 22, 2024
- Individual clients · 29 to 28Mar 7, 2023 to Mar 22, 2024
- Assets in custody · unset to 15991000.0Mar 7, 2023 to Mar 22, 2024
- Custody of client assets · false to trueMar 7, 2023 to Mar 22, 2024
- Employees · 3 to 2Mar 7, 2023 to Mar 22, 2024
- State-registered IARs · 3 to 2Mar 7, 2023 to Mar 22, 2024
- Discretionary RAUM · $170M to $195MMar 7, 2023 to Mar 22, 2024
- HNW RAUM · $60.8M to $68.2MMar 7, 2023 to Mar 22, 2024
- Individual RAUM · $26.1M to $30.8MMar 7, 2023 to Mar 22, 2024
- Pension RAUM · $4.7M to $4.5MMar 7, 2023 to Mar 22, 2024
- Pooled vehicle RAUM · $37.9M to $49.6MMar 7, 2023 to Mar 22, 2024
- RAUM · $170M to $195MMar 7, 2023 to Mar 22, 2024
- HNW clients · 17 to 14Mar 14, 2022 to Mar 7, 2023
- Individual clients · 25 to 29Mar 14, 2022 to Mar 7, 2023
- Discretionary RAUM · $202M to $170MMar 14, 2022 to Mar 7, 2023
- HNW RAUM · $83.8M to $60.8MMar 14, 2022 to Mar 7, 2023
- Individual RAUM · $22.4M to $26.1MMar 14, 2022 to Mar 7, 2023
- Pension RAUM · $6.8M to $4.7MMar 14, 2022 to Mar 7, 2023
Signals
No event on the tape.
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
- TIETONCAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 509-965-6488reportedpublic record, Form ADV, Mar 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $157Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026