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.

Former SEC-registered adviser

Investment Security Group, Inc.

Former SEC-registered adviserDenver, ColoradoCRD 136568SEC 801-64651IAPD
Latest filing Mar 10, 2021
First filing on the tape Mar 5, 2012 · 19 filings
RAUM
$798M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$798M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
10
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$798M as of Mar 10, 2021
Mar 5, 2012$355M then
HNW client RAUM$574M as of Mar 10, 2021
Mar 23, 2018$433M then
State-registered IARs (5.B.3)6 as of Mar 10, 2021
Mar 27, 20130 then
Employees (5.A)10 as of Mar 10, 2021
Mar 27, 201310 then
Private funds: no history
RAUM +7.4% over the last fiscal year+6.1% a year over threeIARs 6 to 6
Practice profile
derived from the filing of Mar 10, 2021; every figure names its basis
RAUM per advisor
$133MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
139derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.2MderivedHNW RAUM over HNW clients
Average account
$299,974derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
6.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+7.4%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-2.0%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Custody
$42.9M, 48 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
  • 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)
  • 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$574M72%
  • Individuals$224M28%
Individual clients
573reported
HNW clients
259reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2,661reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
$42.9M for 48 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Evan Marc Friedman · Principal/ Chief Compliance Officercontrol
      since 04/2019 · owns 25% to 50%
    • Jean Barbara Krause · Principal / Cfocontrol
      since 01/2017 · owns 10% to 25%
    • Rees Mitchell Powers · Principal / Ceocontrol
      since 01/2009 · owns 25% to 50%
    • Mariam Odette Sahakian · Principalcontrol
      since 04/2019 · owns 10% to 25%
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 2,457 to 2,661
      Jun 23, 2020 to Mar 10, 2021
    • HNW clients · 220 to 259
      Jun 23, 2020 to Mar 10, 2021
    • Individual clients · 629 to 573
      Jun 23, 2020 to Mar 10, 2021
    • Assets in custody · $35.3M to $42.9M
      Jun 23, 2020 to Mar 10, 2021
    • Discretionary RAUM · $743M to $798M
      Jun 23, 2020 to Mar 10, 2021
    • HNW RAUM · $480M to $574M
      Jun 23, 2020 to Mar 10, 2021
    • Individual RAUM · $262M to $224M
      Jun 23, 2020 to Mar 10, 2021
    • RAUM · $743M to $798M
      Jun 23, 2020 to Mar 10, 2021
    • Accounts · 2,229 to 2,457
      Oct 4, 2019 to Feb 4, 2020
    • Advisory employees · 8 to 6
      Oct 4, 2019 to Feb 4, 2020
    • HNW clients · 209 to 220
      Oct 4, 2019 to Feb 4, 2020
    • Individual clients · 617 to 629
      Oct 4, 2019 to Feb 4, 2020
    • Assets in custody · $6.3M to $35.3M
      Oct 4, 2019 to Feb 4, 2020
    • Employees · 12 to 10
      Oct 4, 2019 to Feb 4, 2020
    • State-registered IARs · 8 to 6
      Oct 4, 2019 to Feb 4, 2020
    • Discretionary RAUM · $618M to $743M
      Oct 4, 2019 to Feb 4, 2020
    • HNW RAUM · $403M to $480M
      Oct 4, 2019 to Feb 4, 2020
    • Individual RAUM · $213M to $262M
      Oct 4, 2019 to Feb 4, 2020
    • Pension RAUM · 1245754.0 to unset
      Oct 4, 2019 to Feb 4, 2020
    • RAUM · $618M to $743M
      Oct 4, 2019 to Feb 4, 2020
    • Accounts · 2,467 to 2,229
      Aug 17, 2018 to Mar 8, 2019
    • Advisory employees · 7 to 8
      Aug 17, 2018 to Mar 8, 2019
    • HNW clients · 218 to 209
      Aug 17, 2018 to Mar 8, 2019
    • Individual clients · 531 to 617
      Aug 17, 2018 to Mar 8, 2019
    • Assets in custody · $240M to $6.3M
      Aug 17, 2018 to Mar 8, 2019
    • Employees · 11 to 12
      Aug 17, 2018 to Mar 8, 2019
    • Financial planning clients · 26-50 to 51-100
      Aug 17, 2018 to Mar 8, 2019
    • State-registered IARs · 7 to 8
      Aug 17, 2018 to Mar 8, 2019
    • Discretionary RAUM · $657M to $618M
      Aug 17, 2018 to Mar 8, 2019
    • HNW RAUM · $433M to $403M
      Aug 17, 2018 to Mar 8, 2019
    • Individual RAUM · $236M to $213M
      Aug 17, 2018 to Mar 8, 2019
    • Non-discretionary RAUM · $12.2M to $0
      Aug 17, 2018 to Mar 8, 2019
    • Pension RAUM · unset to 1245754.0
      Aug 17, 2018 to Mar 8, 2019
    • RAUM · $669M to $618M
      Aug 17, 2018 to Mar 8, 2019
    • Advisory activities · 6 to 3
      Mar 23, 2018 to Aug 17, 2018
    • Commission compensation · true to false
      Mar 23, 2018 to Aug 17, 2018
    • Assets in custody · unset to 239944790.0
      Mar 23, 2018 to Aug 17, 2018
    • Custody of client assets · false to true
      Mar 23, 2018 to Aug 17, 2018
    • Accounts · 2,324 to 2,467
      Mar 1, 2017 to Mar 23, 2018
    • HNW clients · unset to 218.0
      Mar 1, 2017 to Mar 23, 2018
    Signals
    3 dated events
    • Wayne Michael Dibala (Principal) no longer on Schedule A of Investment Security Group, Inc. (listed 2019-10-04, absent 2020-02-04)
      Feb 4, 2020 · Control person left · inference
    • Michael David Giocomo (Principal) no longer on Schedule A of Investment Security Group, Inc. (listed 2019-10-04, absent 2020-02-04)
      Feb 4, 2020 · Control person left · inference
    • Roland Richard Rust (Vice President) no longer on Schedule A of Investment Security Group, Inc. (listed 2019-03-08, absent 2019-04-10)
      Apr 10, 2019 · Control person left · inference
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    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
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026