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.

SEC-registered adviser

Sikich Financial

Independent wealth managerSpringfield, IllinoisCRD 142640SEC 801-110142websiteIAPD
Legal name Sikich Capital Management LLC
Latest filing Mar 27, 2026
First filing on the tape Nov 21, 2011 · 32 filings
SEC status approved since Mar 24, 2017
RAUM
$1.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
94%
$1.1B individuals and HNW
Advisors
21
registered through the firm on IAPD
RAUM per advisor
$56.2M
derived; firm RAUM over IAPD count
Employees
22
18 advisory (5.B.1)
Offices
10
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$1.2B as of Mar 27, 2026
Mar 28, 2012$43.3M then
HNW client RAUM$708M as of Mar 27, 2026
Mar 8, 2018$39.9M then
State-registered IARs (5.B.3)18 as of Mar 27, 2026
Mar 28, 20120 then
Employees (5.A)22 as of Mar 27, 2026
Mar 8, 201814 then
Private funds: no history
RAUM +28% over the last fiscal year+34% a year over threeIARs 19 to 18offices 9 to 10
Practice profile
derived from the filing of Mar 27, 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
$56.2MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
54derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.5MderivedHNW RAUM over HNW clients
Average account
$475,548derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
5.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
1.9derived11 offices incl. principal (1.F.5)
RAUM growth, one year
+28%derivedbetween the last two annual amendments
Advisor growth, one year
-5.3%derivedItem 5.B.3 between annual amendments
Client growth, one year
-4.7%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
Wrap fee program
$83.6MreportedItem 5.I
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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$708M60%
  • Individuals$406M34%
  • Charitable organizations$59.1M5.0%
  • Corporations and businesses$7.2M0.6%
Individual clients
919reported
HNW clients
205reported
Pension plan clients
n/areported
Charitable clients
26reported
Accounts
2,482reported
Financial planning clients
1-10reported
Wrap fee programs
$83.6M sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.94 fund_share=0.0 institutional_share=0.05 related_bd=true related_bank=false bd_reps=7.0derived
Advisors registered through the firm
21 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Robert Andrew PaoniCertified Financial PlannerSpringfield, IlJan 8, 201021 y3
Valerie Ann JohnsonCertified Financial PlannerSpringfield, Il Aug 1, 201345 y2
Keith Patrick WalleCertified Financial PlannerSpringfield, IlOct 8, 201315 y0
Joseph Dean ConnellSpringfield, Il Oct 7, 201437 y1
Douglas Howard MatheyPersonal Financial SpecialistRichfield, Oh Jun 1, 201615 y1
Laura Bailey CulpPersonal Financial SpecialistSpringfield, Il Jun 2, 201614 y1
Barry Craig StarkSpringfield, IlDec 7, 201630 y4
Wade Allen KaesebierSpringfield, IlSep 26, 201719 y1
Wesley WhamondCertified Financial PlannerSpringfield, Il Mar 3, 202027 y4
Marie Schulz MarksCertified Financial PlannerIndianapolis, In Mar 17, 202040 y9
Thao Lan Ta RingCertified Financial PlannerSpringfield, Il Apr 1, 202121 y4
Jacob S MertonCertified Financial PlannerRichfield, OhJan 10, 202211 y0
Valerie Celeste TurnerSpringfield, IlJan 19, 202229 y2
Connor McandrewCertified Financial PlannerSpringfield, IlJan 19, 202313 y0
Gretchen P RadachNaperville, IlDec 1, 202322 y1
Daniel Joshua HamburgerCertified Financial PlannerBurr Ridge, IlDec 11, 202313 y5
Michael Roy SedlakCertified Financial Planner, Chartered Financial AnalystBurr Ridge, IlDec 13, 202325 y2
Jean Anne GollaBrookfield, Wi Feb 27, 202537 y6
Mark J GilbertPersonal Financial SpecialistNaperville, Il Jul 28, 202528 y5
Paul Edward StaniszewskiCertified Financial PlannerNaperville, Il Apr 15, 202634 y9
Kelly WileySpringfield, Il Aug 31, 202615 y4
Advisor movement
2 left, 2 joined in 12 months
net 0 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 9.5% of current headcount2 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Andrew Robert Paoni · Chief Executive Officercontrol
      since 01/2017 · owns less than 5%
    • Craig Barry Stark · Chief Compliance Officercontrol
      since 11/2016 · owns less than 5%
    Entity owners
    • Sikich LLC · Parent Company
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Springfield, Il · principal1721
    Naperville, Il520
    Brookfield, Wi200
    Richfield, Oh200
    Indianapolis, In200
    Burr Ridge, Il200
    Denver, Co001
    Offices
    Schedule D 1.F, the 25 largest
    • Richfield, OH3 employees
    • Burr Ridge, IL2 employees
    • Decatur, IL1 employees
    • Indianapolis, IN1 employees
    • Naperville, IL1 employees
    • St. Louis, MO1 employees
    • Brookfield, WI1 employees
    • , 1 employees
    • Chicago, IL1 employees
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • account count surgeChange between filings · filing Mar 27, 2026
      accounts (Item 5.F.2.f) moved from 1,236.0 to 2,482.0 (+101.0%) between the annual amendments of 2025-03-18 and 2026-03-27; the peer median change was +6.0% (1206 comparable advisers, 96.0th percentile of changes)
      peers: independent wealth managers, $1B to $5B (1,206) · 96% percentile
    What changed
    consecutive filings, newest first
    • Accounts · 1,236 to 2,482
      Mar 18, 2025 to Mar 27, 2026
    • Advisory employees · 19 to 18
      Mar 18, 2025 to Mar 27, 2026
    • BD registered reps · 9 to 7
      Mar 18, 2025 to Mar 27, 2026
    • Charity clients · 25 to 26
      Mar 18, 2025 to Mar 27, 2026
    • Corporate clients · 31 to 14
      Mar 18, 2025 to Mar 27, 2026
    • HNW clients · 274 to 205
      Mar 18, 2025 to Mar 27, 2026
    • Individual clients · 906 to 919
      Mar 18, 2025 to Mar 27, 2026
    • Employees · 23 to 22
      Mar 18, 2025 to Mar 27, 2026
    • State-registered IARs · 19 to 18
      Mar 18, 2025 to Mar 27, 2026
    • Other offices · 9 to 10
      Mar 18, 2025 to Mar 27, 2026
    • Discretionary RAUM · $920M to $1.2B
      Mar 18, 2025 to Mar 27, 2026
    • HNW RAUM · $497M to $708M
      Mar 18, 2025 to Mar 27, 2026
    • Individual RAUM · $346M to $406M
      Mar 18, 2025 to Mar 27, 2026
    • RAUM · $920M to $1.2B
      Mar 18, 2025 to Mar 27, 2026
    • Wrap assets (sponsor) · $60.9M to $83.6M
      Mar 18, 2025 to Mar 27, 2026
    • Accounts · 2,141 to 1,236
      Aug 26, 2024 to Mar 18, 2025
    • Corporate clients · 15 to 31
      Aug 26, 2024 to Mar 18, 2025
    • HNW clients · 149 to 274
      Aug 26, 2024 to Mar 18, 2025
    • Individual clients · 862 to 906
      Aug 26, 2024 to Mar 18, 2025
    • Employees · 21 to 23
      Aug 26, 2024 to Mar 18, 2025
    • Financial planning clients · 1-10 to 1-10
      Aug 26, 2024 to Mar 18, 2025
    • Discretionary RAUM · $745M to $920M
      Aug 26, 2024 to Mar 18, 2025
    • HNW RAUM · $317M to $497M
      Aug 26, 2024 to Mar 18, 2025
    • Individual RAUM · $378M to $346M
      Aug 26, 2024 to Mar 18, 2025
    • Non-discretionary RAUM · $4.4M to $0
      Aug 26, 2024 to Mar 18, 2025
    • RAUM · $749M to $920M
      Aug 26, 2024 to Mar 18, 2025
    • Wrap assets (sponsor) · $54.9M to $60.9M
      Aug 26, 2024 to Mar 18, 2025
    • Accounts · 1,568 to 2,141
      Dec 11, 2023 to Mar 21, 2024
    • Charity clients · 19 to 25
      Dec 11, 2023 to Mar 21, 2024
    • Corporate clients · 10 to 15
      Dec 11, 2023 to Mar 21, 2024
    • HNW clients · 37 to 149
      Dec 11, 2023 to Mar 21, 2024
    • Individual clients · 681 to 862
      Dec 11, 2023 to Mar 21, 2024
    • State-registered IARs · 18 to 19
      Dec 11, 2023 to Mar 21, 2024
    • Discretionary RAUM · $486M to $745M
      Dec 11, 2023 to Mar 21, 2024
    • HNW RAUM · $127M to $317M
      Dec 11, 2023 to Mar 21, 2024
    • Individual RAUM · $313M to $378M
      Dec 11, 2023 to Mar 21, 2024
    • Non-discretionary RAUM · $0 to $4.4M
      Dec 11, 2023 to Mar 21, 2024
    • RAUM · $486M to $749M
      Dec 11, 2023 to Mar 21, 2024
    • Wrap assets (sponsor) · $58.2M to $54.9M
      Dec 11, 2023 to Mar 21, 2024
    • Other offices · 8 to 9
      Dec 7, 2023 to Dec 11, 2023
    Signals
    7 dated events
    • Sikich Financial reported RAUM $1.2B, up 28% from $920.0M (2025-03-18 to 2026-03-27)
      Mar 27, 2026 · RAUM change · derived
    • Connor M Law left Sikich Financial for Crusonia Wealth Advisors Llc (registered 2026-04-08)
      Mar 20, 2026 · Advisor changed firm · fact
    • Magdalena Woroniecki left Sikich Financial for Huntington Financial Advisors (registered 2026-02-11)
      Jan 9, 2026 · Advisor changed firm · fact
    • Sikich Financial reported RAUM $749.1M, up 54% from $486.4M (2023-12-11 to 2024-03-21)
      Mar 21, 2024 · RAUM change · derived
    • 2 advisors left Golden Trail Advisers (Burr Ridge, IL) for Sikich Financial on the same day
      Dec 31, 2023 · Team lift-out · derived
    • Noah Skinner left Sikich Financial for Skinner, Copper & Ehmen Wealth Management, Llc (registered 2023-01-03)
      Dec 2, 2022 · Advisor changed firm · fact
    • Sikich Financial filed its initial SEC registration (Form ADV)
      Mar 7, 2017 · 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
    Business email
    info@sikich.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business email
    stefanie.murphy@sikich.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business email
    kip.walle@sikich.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business email
    christopher.geier@sikich.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business email
    andrew.paoni@sikich.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business phone
    877-279-1900reportedpublished by the firm, firm site, Sep 15, 2026
    Business phone
    877-745-4241reportedpublished by the firm, firm site, Sep 15, 2026
    Website
    SIKICH.COM/WEALTH-MANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    217-862-1843reportedpublic record, Form ADV, Mar 27, 2026
    Contact form
    sikich.com/contact-usreportedpublished by the firm, firm site, Sep 15, 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
    $56.2Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026