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

E•••••• F•••••••• G••••

Independent wealth managerMinneapolis, MinnesotaCRD 137260SEC 801-67635websiteIAPD
Legal name E•••••• F•••••••• G•••• L••
Latest filing Mar 30, 2026
First filing on the tape Mar 29, 2012 · 34 filings
SEC status approved since Mar 30, 2007
RAUM
$1.0B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
100%
$1.0B individuals and HNW
Advisors
12
registered through the firm on IAPD
RAUM per advisor
$83.5M
derived; firm RAUM over IAPD count
Employees
12
12 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
0
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$1.0B as of Mar 30, 2026
Mar 29, 2012$117M then
HNW client RAUM$622M as of Mar 30, 2026
Mar 27, 2018$113M then
State-registered IARs (5.B.3)12 as of Mar 30, 2026
Mar 29, 20120 then
Employees (5.A)12 as of Mar 30, 2026
Mar 27, 201311 then
Private funds: no history
RAUM +9.9% over the last fiscal year+18% a year over threeIARs 12 to 12offices 5 to 4
Practice profile
derived from the filing of Mar 30, 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
RAUM per advisor
$83.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
162derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.8MderivedHNW RAUM over HNW clients
Average account
$222,524derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
2.4derived5 offices incl. principal (1.F.5)
RAUM growth, one year
+9.9%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-26%derived
Compensation
percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisers, educational seminarsreportedItem 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
  • 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)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$622M62%
  • Individuals$381M38%
Individual clients
1,590reported
HNW clients
350reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4,505reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=12.0derived
Advisors registered through the firm
12 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
K••• S••••• K•••••Tucson, AzFeb 8, 200834 y1
J••• W•••••• M••••••Minneapolis, MnAug 9, 201236 y0
T•• H••• S•••••• D••••Minneapolis, Mn Jan 14, 201326 y0
T••• D••••• C•••Certified Financial PlannerMinneapolis, MnJan 30, 201432 y1
N•••••• P••• W••••••Minneapolis, MnJan 31, 201431 y1
D•••••• M•••• M•••Certified Financial PlannerMinneapolis, MnJan 31, 201445 y1
J•••• J••••• M•••••••Certified Financial PlannerMinneapolis, MnJan 31, 201431 y0
C••••• A•• V•• O••••Tucson, Az Dec 3, 201435 y3
J••••••• E•••••••• S••••••••Certified Financial PlannerMinneapolis, Mn Jan 2, 202037 y2
J••••• N••••• J•••••••Minneapolis, MnOct 18, 202111 y1
P••• W• M•••••Certified Financial PlannerMinneapolis, MnJun 2, 202211 y3
C••••••••• R••• K••••••Certified Financial PlannerMinneapolis, MnMar 20, 202611 y2
Advisor movement
1 left, 1 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 8.3% of current headcount4 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • C•••• T•••• K••• · Vice President/Membercontrol
    since 12/2005 · owns 10% to 25%
  • D••••• T•• H•••• S•••••• · Membercontrol
    since 12/2005 · owns 10% to 25%
  • M••••••• J•••• W•••••• · Membercontrol
    since 01/2020 · owns 10% to 25%
  • M•••••••• J••••• J••••• · President / Chief Compliance Officercontrol
    since 01/2021 · owns 10% to 25%
  • W••••••• N••••••• P••• · Member/Chief Financial Officer/Treasurercontrol
    since 01/2020 · 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
OfficeAdvisorsJoinedLeftTeams outForming
Minneapolis, Mn · principal1111
Tucson, Az200
Grand Junction, Co000
Offices
Schedule D 1.F, the 25 largest
  • Wayzata, MN1 employees
  • , 1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • clients down average size upCombination · filing Mar 30, 2026
    private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $912,366,781 to $1,002,472,036, advisors 12 to 12, private clients 2623 to 1940, offices 5 to 4 (2025-03-25 to 2026-03-30)
    peers: independent wealth managers, $1B to $5B (1,362)
  • business activity c•••gedChange between filings · filing Mar 30, 2026
    pension consulting (Item 5.G.6): yes on the filing of 2025-11-16, no on the filing of 2026-03-30
    peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
  • Accounts · 4,667 to 4,505
    Nov 16, 2025 to Mar 30, 2026
  • Advisory activities · 6 to 5
    Nov 16, 2025 to Mar 30, 2026
  • HNW clients · 262 to 350
    Nov 16, 2025 to Mar 30, 2026
  • Individual clients · 2,361 to 1,590
    Nov 16, 2025 to Mar 30, 2026
  • Other offices · 5 to 4
    Nov 16, 2025 to Mar 30, 2026
  • Discretionary RAUM · $901M to $989M
    Nov 16, 2025 to Mar 30, 2026
  • HNW RAUM · $563M to $622M
    Nov 16, 2025 to Mar 30, 2026
  • Individual RAUM · $349M to $381M
    Nov 16, 2025 to Mar 30, 2026
  • Non-discretionary RAUM · $11.7M to $13.1M
    Nov 16, 2025 to Mar 30, 2026
  • RAUM · $912M to $1.0B
    Nov 16, 2025 to Mar 30, 2026
  • Wrap assets (manager) · 0.0 to unset
    Mar 25, 2025 to Nov 16, 2025
  • Wrap assets (sponsor) · 0.0 to unset
    Mar 25, 2025 to Nov 16, 2025
  • Accounts · 4,630 to 4,667
    Jun 25, 2024 to Mar 25, 2025
  • Advisory employees · 14 to 12
    Jun 25, 2024 to Mar 25, 2025
  • BD registered reps · 14 to 12
    Jun 25, 2024 to Mar 25, 2025
  • HNW clients · 225 to 262
    Jun 25, 2024 to Mar 25, 2025
  • Individual clients · 1,940 to 2,361
    Jun 25, 2024 to Mar 25, 2025
  • Employees · 14 to 12
    Jun 25, 2024 to Mar 25, 2025
  • Financial planning clients · 1-10 to 1-10
    Jun 25, 2024 to Mar 25, 2025
  • State-registered IARs · 14 to 12
    Jun 25, 2024 to Mar 25, 2025
  • Discretionary RAUM · $818M to $901M
    Jun 25, 2024 to Mar 25, 2025
  • HNW RAUM · $451M to $563M
    Jun 25, 2024 to Mar 25, 2025
  • Individual RAUM · $378M to $349M
    Jun 25, 2024 to Mar 25, 2025
  • Non-discretionary RAUM · $10.7M to $11.7M
    Jun 25, 2024 to Mar 25, 2025
  • RAUM · $829M to $912M
    Jun 25, 2024 to Mar 25, 2025
  • Wrap assets (manager) · $25.8M to $0
    Jun 25, 2024 to Mar 25, 2025
  • Accounts · 3,956 to 4,630
    Feb 8, 2024 to Mar 27, 2024
  • HNW clients · 87 to 225
    Feb 8, 2024 to Mar 27, 2024
  • Individual clients · 1,686 to 1,940
    Feb 8, 2024 to Mar 27, 2024
  • Employees · 18 to 14
    Feb 8, 2024 to Mar 27, 2024
  • Discretionary RAUM · $597M to $818M
    Feb 8, 2024 to Mar 27, 2024
  • HNW RAUM · $305M to $451M
    Feb 8, 2024 to Mar 27, 2024
  • Individual RAUM · $302M to $378M
    Feb 8, 2024 to Mar 27, 2024
  • Non-discretionary RAUM · $9.8M to $10.7M
    Feb 8, 2024 to Mar 27, 2024
  • RAUM · $607M to $829M
    Feb 8, 2024 to Mar 27, 2024
  • Other offices · 4 to 5
    Mar 22, 2023 to Dec 14, 2023
  • Accounts · 3,668 to 3,956
    Aug 22, 2022 to Mar 6, 2023
  • Advisory employees · 13 to 14
    Aug 22, 2022 to Mar 6, 2023
  • BD registered reps · 13 to 14
    Aug 22, 2022 to Mar 6, 2023
  • HNW clients · 199 to 87
    Aug 22, 2022 to Mar 6, 2023
Signals
12 dated events
  • K•••• E••••• S••••• left E•••••• F•••••••• G•••• for S••••• W••••• A•••••••• I••• (registered 2026-06-06)
    May 5, 2026 · advisor firm c•••ge · fact
  • R•••••• A••• Q•••••• left E•••••• F•••••••• G•••• for A••••••• W••••• A••••••• (registered 2025-05-07)
    May 13, 2025 · advisor firm c•••ge · fact
  • P••••• T••••• B••• left E•••••• F•••••••• G•••• for A••••••••• W••••• P••••••• (registered 2025-03-04)
    Jan 14, 2025 · advisor firm c•••ge · fact
  • J•••• A••••• M••••••• left E•••••• F•••••••• G•••• for O•••• A••••••• S•••••••• L•• (registered 2024-09-04)
    Sep 8, 2024 · advisor firm c•••ge · fact
  • E•••••• F•••••••• G•••• reported RAUM $828.9M, up 37% from $607.1M (2024-02-08 to 2024-03-27)
    Mar 27, 2024 · ria raum c•••ge · derived
  • J•••• W•••••• left E•••••• F•••••••• G•••• for L•• F•••••••• L•• (registered 2022-07-07)
    Jun 14, 2022 · advisor firm c•••ge · fact
  • E•••••• F•••••••• G•••• reported RAUM $685.0M, up 27% from $540.2M (2021-11-02 to 2022-03-17)
    Mar 17, 2022 · ria raum c•••ge · derived
  • Eugene William Hunstock (Member) no longer on Schedule A of E•••••• F•••••••• G•••• (listed 2021-11-02, absent 2022-03-17)
    Mar 17, 2022 · Control person left · inference
  • Andrew James Michaels (Managing Member/Chief Executive Officer) no longer on Schedule A of E•••••• F•••••••• G•••• (listed 2020-07-02, absent 2021-03-19)
    Mar 19, 2021 · Control person left · inference
  • J••••• James Matejcek (Chief Compliance Officer) appeared on Schedule A of E•••••• F•••••••• G••••
    Mar 19, 2021 · Control person joined · fact
  • E•••••• F•••••••• G•••• reported RAUM $576.6M, up 85% from $312.2M (2019-03-13 to 2020-03-30)
    Mar 30, 2020 · ria raum c•••ge · derived
  • Samuel King Kearns (Member) no longer on Schedule A of E•••••• F•••••••• G•••• (listed 2018-03-27, absent 2019-03-13)
    Mar 13, 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.
How to reach
public business contact points only, each with its source
Business phone
612-720-4040reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
952-217-4270reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
952-767-3494reportedpublished by the firm, firm site, Sep 16, 2026
Website
sincerefinancial.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
763-923-7525reportedpublic record, Form ADV, Mar 30, 2026
Contact form
sincerefinancial.com/contactreportedpublished by the firm, firm site, Sep 16, 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
$83.5Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026