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

Aviance Capital Management, LLC

Former SEC-registered adviserSarasota, FloridaCRD 142367SEC 801-67399IAPD
Latest filing Apr 10, 2019
First filing on the tape Mar 30, 2012 · 22 filings
RAUM
$794M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
0.3%
$2.2M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$794M as of Mar 27, 2019
Mar 30, 2012$808M then
HNW client RAUM$2.2M as of Mar 27, 2019
Mar 30, 2018$2.5M then
State-registered IARs (5.B.3)3 as of Mar 27, 2019
Mar 4, 20137 then
Employees (5.A)6 as of Mar 27, 2019
Mar 4, 201310 then
Private funds: no history
RAUM -47% over the last fiscal year-39% a year over threeIARs 6 to 3
Practice profile
derived from the filing of Apr 10, 2019; every figure names its basis
RAUM per advisor
$265MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.1MderivedHNW RAUM over HNW clients
Average account
$77,264derivedRAUM over accounts (5.F.2.f)
Discretionary
98%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
-47%derivedbetween the last two annual amendments
Advisor growth, one year
-50%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Other investment advisers$780M100%
  • High-net-worth individuals$2.2M0.3%
Individual clients
n/areported
HNW clients
2reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
10,278reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
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
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Cameron Christian Bertelsen · Member And Presidentcontrol
    since 11/2006 · owns 50% to 75%
  • Christian Edward Bertelsen · Managing Member And Ceocontrol
    since 11/2006 · owns 50% to 75%
  • A Teresa Koncick · Chief Compliance Officercontrol
    since 06/2016 · owns less than 5%
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 · 17,273 to 10,278
    Jan 2, 2019 to Mar 27, 2019
  • Advisory employees · 6 to 5
    Jan 2, 2019 to Mar 27, 2019
  • HNW clients · unset to 2.0
    Jan 2, 2019 to Mar 27, 2019
  • Employees · 10 to 6
    Jan 2, 2019 to Mar 27, 2019
  • State-registered IARs · 6 to 3
    Jan 2, 2019 to Mar 27, 2019
  • Discretionary RAUM · $1.5B to $782M
    Jan 2, 2019 to Mar 27, 2019
  • HNW RAUM · $2.5M to $2.2M
    Jan 2, 2019 to Mar 27, 2019
  • Non-discretionary RAUM · $0 to $12.3M
    Jan 2, 2019 to Mar 27, 2019
  • RAUM · $1.5B to $794M
    Jan 2, 2019 to Mar 27, 2019
  • Accounts · 26,491 to 17,273
    Sep 29, 2017 to Mar 30, 2018
  • Other offices · unset to 0.0
    Sep 29, 2017 to Mar 30, 2018
  • Discretionary RAUM · $2.3B to $1.5B
    Sep 29, 2017 to Mar 30, 2018
  • HNW RAUM · unset to 2471475.0
    Sep 29, 2017 to Mar 30, 2018
  • RAUM · $2.3B to $1.5B
    Sep 29, 2017 to Mar 30, 2018
  • Accounts · 27,084 to 26,491
    Jan 10, 2017 to Feb 8, 2017
  • Advisory employees · 8 to 6
    Jan 10, 2017 to Feb 8, 2017
  • Employees · 12 to 10
    Jan 10, 2017 to Feb 8, 2017
  • State-registered IARs · 8 to 6
    Jan 10, 2017 to Feb 8, 2017
  • Discretionary RAUM · $2.3B to $2.3B
    Jan 10, 2017 to Feb 8, 2017
  • RAUM · $2.3B to $2.3B
    Jan 10, 2017 to Feb 8, 2017
  • BD registered reps · 1 to 0
    Dec 12, 2016 to Jan 10, 2017
  • Insurance-licensed employees · 3 to 0
    Dec 12, 2016 to Jan 10, 2017
  • Accounts · 12 to 27,084
    Jun 21, 2016 to Dec 12, 2016
  • Discretionary RAUM · $3.6B to $2.3B
    Jun 21, 2016 to Dec 12, 2016
  • RAUM · $3.6B to $2.3B
    Jun 21, 2016 to Dec 12, 2016
  • Related adviser · true to false
    Jun 21, 2016 to Dec 12, 2016
  • Related broker-dealer · true to false
    Jun 21, 2016 to Dec 12, 2016
  • Related broker-dealer · false to true
    Mar 22, 2016 to Jun 21, 2016
  • Accounts · 17 to 12
    Jun 2, 2015 to Mar 22, 2016
  • Discretionary RAUM · $3.2B to $3.6B
    Jun 2, 2015 to Mar 22, 2016
  • RAUM · $3.2B to $3.6B
    Jun 2, 2015 to Mar 22, 2016
  • Employees · 11 to 12
    Jul 28, 2014 to Mar 4, 2015
  • Discretionary RAUM · $2.2B to $3.2B
    Jul 28, 2014 to Mar 4, 2015
  • RAUM · $2.2B to $3.2B
    Jul 28, 2014 to Mar 4, 2015
  • Accounts · 23 to 17
    Oct 2, 2013 to Mar 27, 2014
  • Advisory employees · 7 to 8
    Oct 2, 2013 to Mar 27, 2014
  • Employees · 10 to 11
    Oct 2, 2013 to Mar 27, 2014
  • State-registered IARs · 7 to 8
    Oct 2, 2013 to Mar 27, 2014
  • Discretionary RAUM · $1.2B to $2.2B
    Oct 2, 2013 to Mar 27, 2014
  • RAUM · $1.2B to $2.2B
    Oct 2, 2013 to Mar 27, 2014
Signals
2 dated events
  • Aviance Capital Management, Llc reported RAUM $794.1M, down 47% from $1.5B (2019-01-02 to 2019-03-27)
    Mar 27, 2019 · RAUM change · derived
  • Aviance Capital Management, Llc reported RAUM $1.5B, down 34% from $2.3B (2017-09-29 to 2018-03-30)
    Mar 30, 2018 · RAUM change · derived
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