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

B••••••••

Independent wealth managerGrand Rapids, MichiganCRD 140099SEC 801-70678websiteIAPD
Legal name B•••••••• F•••••••• S•••••••• I•••
Latest filing Mar 31, 2026
First filing on the tape Mar 15, 2012 · 18 filings
SEC status approved since Oct 8, 2009
RAUM
$410M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$410M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$410M as of Mar 31, 2026
Mar 15, 2012$203M then
HNW client RAUM$132M as of Mar 31, 2026
Mar 30, 2024$146M then
State-registered IARs (5.B.3)3 as of Mar 31, 2026
Mar 15, 20120 then
Employees (5.A)6 as of Mar 31, 2026
Feb 20, 20137 then
Private funds: no history
RAUM -7.3% over the last fiscal year+0.3% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$137MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
357derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.6MderivedHNW RAUM over HNW clients
Average account
$382,479derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-7.3%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-14%derived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$278M68%
  • High-net-worth individuals$132M32%
Individual clients
989reported
HNW clients
83reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1,072reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, hourlyreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • J•••••••• J••• C••••••••• · Lead Portfolio Manager
    since 09/2011 · owns 50% to 75%
  • W•••••• J•••••••• E••• · Chief Compliance Officer
    since 01/2015 · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • unusually high clients per advisorStatic outlier · filing Mar 31, 2026
    private clients per advisor of 357.3 against a peer median of 57.3 (3076 comparable advisers, 99.0th percentile, 8.5 robust deviations)
    peers: independent wealth managers, $100M to $500M (3,076) · 99% percentile
  • custody status changedChange between filings · filing Mar 31, 2026
    custody of client assets (Item 9.A): yes on the filing of 2025-03-28, no on the filing of 2026-03-31
    peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
  • Accounts · 1,242 to 1,072
    Mar 28, 2025 to Mar 31, 2026
  • HNW clients · 151 to 83
    Mar 28, 2025 to Mar 31, 2026
  • Individual clients · 1,091 to 989
    Mar 28, 2025 to Mar 31, 2026
  • Assets in custody · $357M to $326M
    Mar 28, 2025 to Mar 31, 2026
  • Custody of client assets · true to false
    Mar 28, 2025 to Mar 31, 2026
  • Financial planning clients · 0 to 1-10
    Mar 28, 2025 to Mar 31, 2026
  • Discretionary RAUM · $440M to $410M
    Mar 28, 2025 to Mar 31, 2026
  • HNW RAUM · $189M to $132M
    Mar 28, 2025 to Mar 31, 2026
  • Individual RAUM · $254M to $278M
    Mar 28, 2025 to Mar 31, 2026
  • Non-discretionary RAUM · $1.8M to $0
    Mar 28, 2025 to Mar 31, 2026
  • RAUM · $442M to $410M
    Mar 28, 2025 to Mar 31, 2026
  • Accounts · 1,270 to 1,242
    Mar 30, 2024 to Mar 28, 2025
  • HNW clients · 126 to 151
    Mar 30, 2024 to Mar 28, 2025
  • Individual clients · 1,144 to 1,091
    Mar 30, 2024 to Mar 28, 2025
  • Assets in custody · $283M to $357M
    Mar 30, 2024 to Mar 28, 2025
  • Employees · 7 to 6
    Mar 30, 2024 to Mar 28, 2025
  • Financial planning clients · 0 to 0
    Mar 30, 2024 to Mar 28, 2025
  • Legal name · A••••• L•• to B•••••••• F•••••••• S•••••••• I•••
    Mar 30, 2024 to Mar 28, 2025
  • Discretionary RAUM · $393M to $440M
    Mar 30, 2024 to Mar 28, 2025
  • HNW RAUM · $146M to $189M
    Mar 30, 2024 to Mar 28, 2025
  • Individual RAUM · $247M to $254M
    Mar 30, 2024 to Mar 28, 2025
  • Non-discretionary RAUM · $904,042 to $1.8M
    Mar 30, 2024 to Mar 28, 2025
  • RAUM · $394M to $442M
    Mar 30, 2024 to Mar 28, 2025
  • Succession · true to false
    Mar 30, 2024 to Mar 28, 2025
  • Accounts · 1,376 to 1,270
    Mar 31, 2023 to Mar 30, 2024
  • HNW clients · unset to 126.0
    Mar 31, 2023 to Mar 30, 2024
  • Individual clients · 1,376 to 1,144
    Mar 31, 2023 to Mar 30, 2024
  • Assets in custody · $296M to $283M
    Mar 31, 2023 to Mar 30, 2024
  • Organization form · Limited Liability Company to Corporation
    Mar 31, 2023 to Mar 30, 2024
  • Discretionary RAUM · $404M to $393M
    Mar 31, 2023 to Mar 30, 2024
  • HNW RAUM · unset to 146461305.0
    Mar 31, 2023 to Mar 30, 2024
  • Individual RAUM · $406M to $247M
    Mar 31, 2023 to Mar 30, 2024
  • Non-discretionary RAUM · $2.3M to $904,042
    Mar 31, 2023 to Mar 30, 2024
  • RAUM · $406M to $394M
    Mar 31, 2023 to Mar 30, 2024
  • Succession · false to true
    Mar 31, 2023 to Mar 30, 2024
  • Accounts · 1,452 to 1,376
    Mar 30, 2022 to Mar 31, 2023
  • Advisory employees · 5 to 3
    Mar 30, 2022 to Mar 31, 2023
  • Advisory activities · 3 to 2
    Mar 30, 2022 to Mar 31, 2023
  • Individual clients · 1,452 to 1,376
    Mar 30, 2022 to Mar 31, 2023
  • Assets in custody · $366M to $296M
    Mar 30, 2022 to Mar 31, 2023
Signals
2 dated events
  • Bemanaged reported succeeding to the business of Another Adviser (Form ADV Item 4)
    Mar 30, 2024 · Succession (Item 4) · fact
  • Charles John Whaley (Member) no longer on Schedule A of Bemanaged (listed 2023-03-31, absent 2024-03-30)
    Mar 30, 2024 · 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 email
i•••@b••••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
Business phone
616-871-0751reportedpublished by the firm, firm site, Sep 16, 2026
Website
B••••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
616.871.0751reportedpublic record, Form ADV, Mar 31, 2026
Contact form
b••••••••.comreportedpublished 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
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026