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

Independent Progressive Advisors, LLC

Former SEC-registered adviserPortland, OregonCRD 139649SEC 801-129901websiteIAPD
Latest filing Apr 2, 2025
First filing on the tape Mar 14, 2024 · 6 filings
SEC status approved since Apr 18, 2024
RAUM
$115M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
95%
$110M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
6 filings and snapshots on the tape
RAUM$115M as of Apr 2, 2025
Feb 26, 2025$115M then
HNW client RAUM$33.0M as of Apr 2, 2025
Feb 26, 2025$33.0M then
State-registered IARs (5.B.3)2 as of Apr 2, 2025
Feb 26, 20252 then
Employees (5.A)2 as of Apr 2, 2025
Feb 26, 20252 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Apr 2, 2025; every figure names its basis
RAUM per advisor
$57.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
62derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$446,514derivedHNW RAUM over HNW clients
Average account
$222,482derivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
4.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, educational seminarsreportedItem 5.G
Custody
$44.6M, 56 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
  • 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
  • Individuals$76.5M66%
  • High-net-worth individuals$33.0M29%
  • Pension and profit-sharing plans$5.7M4.9%
Individual clients
49reported
HNW clients
74reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
518reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
$44.6M for 56 clientsreported
Compensation
% of AUM, 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
    • Michael Scott Emblen · Partner / Ccocontrol
      since 01/2019 · owns 50% to 75%
    • Elizabeth Ann Garcia · Owner/Managercontrol
      since 04/2016 · owns 50% to 75%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Portland, Or · principal000
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 116 to 518
      Oct 22, 2024 to Feb 26, 2025
    • HNW clients · 31 to 74
      Oct 22, 2024 to Feb 26, 2025
    • Individual clients · 84 to 49
      Oct 22, 2024 to Feb 26, 2025
    • Assets in custody · $18.1M to $44.6M
      Oct 22, 2024 to Feb 26, 2025
    • HNW RAUM · $58.0M to $33.0M
      Oct 22, 2024 to Feb 26, 2025
    • Individual RAUM · $38.8M to $76.5M
      Oct 22, 2024 to Feb 26, 2025
    • Non-discretionary RAUM · $104M to $115M
      Oct 22, 2024 to Feb 26, 2025
    • Pension RAUM · $7.5M to $5.7M
      Oct 22, 2024 to Feb 26, 2025
    • RAUM · $104M to $115M
      Oct 22, 2024 to Feb 26, 2025
    Signals
    6 dated events
    • Independent Progressive Advisors, Llc no longer on the SEC adviser roster (last listed 2025-07-01, RAUM $115.2M)
      Aug 1, 2025 · Left the SEC roster · derived
    • Scott Michael Emblen left Independent Progressive Advisors, Llc for The Mather Group, Llc (registered 2025-07-18)
      Jul 18, 2025 · Advisor changed firm · fact
    • Ann Elizabeth Garcia left Independent Progressive Advisors, Llc for The Mather Group, Llc (registered 2025-07-18)
      Jul 18, 2025 · Advisor changed firm · fact
    • 2 advisors left Independent Progressive Advisors, LLC (Portland, OR) for The Mather Group, LLC on the same day
      Jul 18, 2025 · Team lift-out · derived
    • Independent Progressive Advisors, Llc filed its initial SEC registration (Form ADV)
      Mar 14, 2024 · First SEC registration · fact
    • Rebecca Elizabeth Meats left Independent Progressive Advisors, Llc for Apforia (registered 2024-01-04)
      Jan 8, 2024 · Advisor changed firm · fact
    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