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
A••••••• A•••••• G••••• L••
Latest filing Mar 3, 2026
First filing on the tape Mar 18, 2020 · 20 filings
SEC status approved since Apr 17, 2020
RAUM
$10.9M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$10.9M individuals and HNW
Advisors
14
registered through the firm on IAPD
RAUM per advisor
$780,905
derived; firm RAUM over IAPD count
Employees
11
11 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$10.9M as of Mar 3, 2026
Mar 19, 2021$6.5M then
HNW client RAUM: no history
State-registered IARs (5.B.3)11 as of Mar 3, 2026
Mar 19, 202112 then
Employees (5.A)11 as of Mar 3, 2026
Mar 19, 202112 then
Private funds: no history
RAUM -19% over the last fiscal year-1.6% a year over threeIARs 9 to 11offices 6 to 5
Practice profile
derived from the filing of Mar 3, 2026; every figure names its basis
Archetypes, each a printed rule
- Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
- RAUM per advisor
- $780,905derivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $113,882derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.8derivedItem 5.A over advisors
- Advisors per office
- 2.3derived6 offices incl. principal (1.F.5)
- RAUM growth, one year
- -19%derivedbetween the last two annual amendments
- Advisor growth, one year
- +22%derivedItem 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, publicationsreportedItem 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
- is a broker-dealer (6.A.1)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$10.9M100%
- Individual clients
- 58reported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 96reported
- Financial planning clients
- 51-100reported
- 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=true related_bank=false bd_reps=11.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 7.1% of current headcount2 left over 36 months
Left, latest
- B•••• T••••• L•••••• to G•••• V••••• A•••••• G••••• L••Sep 10, 2026 · RIA to RIA
- J••••• R••• D••••• to G•••• V••••• A•••••• G••••• L••Aug 28, 2024 · RIA to RIA
- T•••• L•• H••••••• to E•• A•••••••Feb 20, 2023 · RIA to RIA
- P•••••• J•• S••••••• to G•••• V••••• A•••••• G••••• L••Dec 10, 2018 · RIA to RIA
- T••••• W•••• O••••• to A•••••• C•••••• A••••••• L••May 25, 2016 · RIA to a state-registered adviser
Joined, latest
- S••••• J••• L••••••• from T••••••• I••••••••• M••••••••• I•••Mar 30, 2022 · Affiliated broker-dealer or bank to independent RIA
- T•••• L•• H••••••• from V•••• F•••••••• A•••••••• I•••Mar 30, 2022 · Affiliated broker-dealer or bank to independent RIA
- P•••••• J•• S••••••• from E•• A•••••••Nov 4, 2013 · Affiliated broker-dealer or bank to independent RIA
- T••••• W•••• O••••• from E•• A•••••••Nov 4, 2013 · Other
- J••••• R••• D••••• from E•• A•••••••Nov 1, 2013 · Affiliated broker-dealer or bank to independent RIA
- B•••• T••••• L•••••• from E•• A•••••••Nov 1, 2013 · Affiliated broker-dealer or bank to independent RIA
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from E•• A•••••••Sep 10, 2026 · Brooklyn Park, Mn
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- S••••••• K••• D••••• · President, Ccocontrolsince 04/2006 · owns 75% or more
- F•••••• D•••••• S•••• · Executive Rep. Finopsince 04/2006 · owns less than 5%
Related persons
Schedule D 7.A
- E•••••••• L••••••• S••••••••real estaten
- E•• A•••••••investment adviserreal estatenRAUM $2.4B
Advisers that list A••••••• A•••••• G••••• L•• as a related person
- 115211 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Cambridge, Mn · principal | 14 | 0 | 0 | ||
| Rochester, Mn | 3 | 0 | 0 | ||
| Owatonna, Mn | 2 | 0 | 0 | ||
| Chisago City, Mn | 2 | 0 | 0 | ||
| Stillwater, Mn | 1 | 0 | 1 | ||
| St Paul, Mn | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Burnsville, MN3 employees
- Rochester, MN2 employees
- Windom, MN2 employees
- St. Paul, MN1 employees
- Minnetonka, MN1 employees
- Champlin, MN1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- affiliate changedChange between filings · filing Mar 3, 2026broker-dealer affiliate (Item 7.A.1): no on the filing of 2025-03-11, yes on the filing of 2026-03-03peers: independent wealth managers, under $100M (704)
What changed
consecutive filings, newest first
- Accounts · 105 to 96Mar 11, 2025 to Mar 3, 2026
- Advisory employees · 9 to 11Mar 11, 2025 to Mar 3, 2026
- BD registered reps · 9 to 11Mar 11, 2025 to Mar 3, 2026
- Individual clients · 65 to 58Mar 11, 2025 to Mar 3, 2026
- Employees · 9 to 11Mar 11, 2025 to Mar 3, 2026
- Insurance-licensed employees · 9 to 11Mar 11, 2025 to Mar 3, 2026
- State-registered IARs · 9 to 11Mar 11, 2025 to Mar 3, 2026
- Other offices · 6 to 5Mar 11, 2025 to Mar 3, 2026
- Discretionary RAUM · $13.5M to $10.9MMar 11, 2025 to Mar 3, 2026
- Individual RAUM · $13.5M to $10.9MMar 11, 2025 to Mar 3, 2026
- RAUM · $13.5M to $10.9MMar 11, 2025 to Mar 3, 2026
- Related broker-dealer · false to trueMar 11, 2025 to Mar 3, 2026
- Accounts · 106 to 105Jul 16, 2024 to Mar 11, 2025
- Advisory employees · 8 to 9Jul 16, 2024 to Mar 11, 2025
- BD registered reps · 8 to 9Jul 16, 2024 to Mar 11, 2025
- Individual clients · 61 to 65Jul 16, 2024 to Mar 11, 2025
- Employees · 8 to 9Jul 16, 2024 to Mar 11, 2025
- Insurance-licensed employees · 8 to 9Jul 16, 2024 to Mar 11, 2025
- Financial planning clients · 51-100 to 51-100Jul 16, 2024 to Mar 11, 2025
- State-registered IARs · 8 to 9Jul 16, 2024 to Mar 11, 2025
- Discretionary RAUM · $12.7M to $13.5MJul 16, 2024 to Mar 11, 2025
- Individual RAUM · $12.7M to $13.5MJul 16, 2024 to Mar 11, 2025
- RAUM · $12.7M to $13.5MJul 16, 2024 to Mar 11, 2025
- Accounts · 97 to 106May 2, 2023 to Mar 12, 2024
- Individual clients · 58 to 61May 2, 2023 to Mar 12, 2024
- Discretionary RAUM · $11.5M to $12.7MMay 2, 2023 to Mar 12, 2024
- Individual RAUM · $11.5M to $12.7MMay 2, 2023 to Mar 12, 2024
- RAUM · $11.5M to $12.7MMay 2, 2023 to Mar 12, 2024
- Accounts · 94 to 97Feb 2, 2023 to Mar 28, 2023
- Other offices · 7 to 6Feb 2, 2023 to Mar 28, 2023
- Discretionary RAUM · $12.8M to $11.5MFeb 2, 2023 to Mar 28, 2023
- Individual RAUM · $12.8M to $11.5MFeb 2, 2023 to Mar 28, 2023
- RAUM · $12.8M to $11.5MFeb 2, 2023 to Mar 28, 2023
- Accounts · 105 to 94Oct 14, 2021 to Mar 31, 2022
- Advisory employees · 11 to 8Oct 14, 2021 to Mar 31, 2022
- BD registered reps · 12 to 8Oct 14, 2021 to Mar 31, 2022
- Employees · 12 to 8Oct 14, 2021 to Mar 31, 2022
- Insurance-licensed employees · 0 to 8Oct 14, 2021 to Mar 31, 2022
- State-registered IARs · 12 to 8Oct 14, 2021 to Mar 31, 2022
- Other offices · 9 to 7Oct 14, 2021 to Mar 31, 2022
Signals
5 dated events
- B•••• T••••• L•••••• left A••••••• A•••••• G••••• L•• for G•••• V••••• A•••••• G••••• L•• (registered 2026-08-15)Sep 10, 2026 · a•••••• firm change · fact
- 2 advisors left E•• A••••••• (Brooklyn Park, MN) for A••••••• A•••••• G••••• L•• on the same daySep 10, 2026 · Team lift-out · derived
- J••••• R••• D••••• left A••••••• A•••••• G••••• L•• for G•••• V••••• A•••••• G••••• L•• (registered 2024-07-29)Aug 28, 2024 · a•••••• firm change · fact
- T•••• L•• H••••••• left A••••••• A•••••• G••••• L•• for E•• A••••••• (registered 2022-03-30)Feb 20, 2023 · a•••••• firm change · fact
- A••••••• A•••••• G••••• L•• filed its initial SEC registration (Form ADV)Mar 18, 2020 · First SEC registration · fact
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
- efsadvisors.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 763-689-9023reportedpublic record, Form ADV, Mar 3, 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
- $780,905derivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026