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

Bergankdv Wealth Management, LLC

Former SEC-registered adviserBloomington, MinnesotaCRD 143038SEC 801-67536IAPD
Latest filing Aug 8, 2022
First filing on the tape Nov 23, 2011 · 47 filings
RAUM
$2.1B
reported, Item 5.F
Discretionary
46%
of RAUM
Private clients
44%
$914M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
33
23 advisory (5.B.1)
Offices
7
beyond the principal office
Private funds
0
reported on Schedule D
History
47 filings and snapshots on the tape
RAUM$2.1B as of Aug 8, 2022
Sep 27, 2012$222M then
HNW client RAUM$754M as of Aug 8, 2022
Aug 24, 2018$109M then
State-registered IARs (5.B.3)23 as of Aug 8, 2022
Sep 27, 20120 then
Employees (5.A)33 as of Aug 8, 2022
Sep 16, 201313 then
Private funds: no history
RAUM -2.9% over the last fiscal year+18% a year over threeIARs 22 to 23
Practice profile
derived from the filing of Aug 8, 2022; every figure names its basis
RAUM per advisor
$90.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
38derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.2MderivedHNW RAUM over HNW clients
Average account
$698,848derivedRAUM over accounts (5.F.2.f)
Discretionary
46%derivedof RAUM
Institutional
52%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.4derivedItem 5.A over advisors
Advisors per office
2.9derived8 offices incl. principal (1.F.5)
RAUM growth, one year
-2.9%derivedbetween the last two annual amendments
Advisor growth, one year
+4.5%derivedItem 5.B.3 between annual amendments
Client growth, one year
+6.4%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
Custody
$944M, 956 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
  • 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)
  • 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
  • Pension and profit-sharing plans$1.1B54%
  • High-net-worth individuals$754M37%
  • Individuals$160M7.9%
  • Corporations and businesses$16.7M0.8%
  • State and municipal entities$3.4M0.2%
  • Charitable organizations$130,7680.0%
Individual clients
538reported
HNW clients
347reported
Pension plan clients
108reported
Charitable clients
1reported
Accounts
2,977reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
$944M for 956 clientsreported
Compensation
% of AUM, fixed, 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
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
  • Alexander Matthew Cosgriff · Service Group Leadercontrol
    since 05/2018 · owns less than 5%
  • H David Hinnenkamp · Chief Executive Officercontrol
    since 01/2007 · owns less than 5%
  • James Gregory Stecher · Chief Compliance Officercontrol
    since 07/2014 · owns less than 5%
Entity owners
  • Bergankdv, Ltd · Owner
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • Bergankdv, Ltd
    insurancey
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Bloomington, Mn · principal000
St Cloud, Mn000
Offices
Schedule D 1.F, the 25 largest
  • St. Cloud, MN5 employees
  • Waterloo, IA2 employees
  • Urbandale, IA1 employees
  • Omaha, NE
  • Kansas City, MO
  • Cedar Rapids, IA
  • Coralville, IA
What changed
consecutive filings, newest first
  • Accounts · 2,671 to 2,977
    Oct 14, 2021 to Aug 8, 2022
  • Advisory employees · 19 to 23
    Oct 14, 2021 to Aug 8, 2022
  • Corporate clients · 12 to 15
    Oct 14, 2021 to Aug 8, 2022
  • HNW clients · 301 to 347
    Oct 14, 2021 to Aug 8, 2022
  • Individual clients · 531 to 538
    Oct 14, 2021 to Aug 8, 2022
  • Pension plan clients · 77 to 108
    Oct 14, 2021 to Aug 8, 2022
  • Assets in custody · $864M to $944M
    Oct 14, 2021 to Aug 8, 2022
  • Employees · 28 to 33
    Oct 14, 2021 to Aug 8, 2022
  • State-registered IARs · 22 to 23
    Oct 14, 2021 to Aug 8, 2022
  • Discretionary RAUM · $932M to $953M
    Oct 14, 2021 to Aug 8, 2022
  • HNW RAUM · $758M to $754M
    Oct 14, 2021 to Aug 8, 2022
  • Individual RAUM · $154M to $160M
    Oct 14, 2021 to Aug 8, 2022
  • Non-discretionary RAUM · $1.2B to $1.1B
    Oct 14, 2021 to Aug 8, 2022
  • Pension RAUM · $1.2B to $1.1B
    Oct 14, 2021 to Aug 8, 2022
  • RAUM · $2.1B to $2.1B
    Oct 14, 2021 to Aug 8, 2022
  • Accounts · 2,478 to 2,671
    Mar 25, 2021 to Aug 5, 2021
  • Corporate clients · 13 to 12
    Mar 25, 2021 to Aug 5, 2021
  • HNW clients · 268 to 301
    Mar 25, 2021 to Aug 5, 2021
  • Individual clients · 537 to 531
    Mar 25, 2021 to Aug 5, 2021
  • Pension plan clients · 75 to 77
    Mar 25, 2021 to Aug 5, 2021
  • Assets in custody · $680M to $864M
    Mar 25, 2021 to Aug 5, 2021
  • Employees · 24 to 28
    Mar 25, 2021 to Aug 5, 2021
  • Financial planning clients · 1-10 to 251-500
    Mar 25, 2021 to Aug 5, 2021
  • State-registered IARs · 17 to 22
    Mar 25, 2021 to Aug 5, 2021
  • Discretionary RAUM · $671M to $932M
    Mar 25, 2021 to Aug 5, 2021
  • HNW RAUM · $572M to $758M
    Mar 25, 2021 to Aug 5, 2021
  • Individual RAUM · $120M to $154M
    Mar 25, 2021 to Aug 5, 2021
  • Non-discretionary RAUM · $672M to $1.2B
    Mar 25, 2021 to Aug 5, 2021
  • Pension RAUM · $617M to $1.2B
    Mar 25, 2021 to Aug 5, 2021
  • RAUM · $1.3B to $2.1B
    Mar 25, 2021 to Aug 5, 2021
  • Accounts · 2,234 to 2,478
    Jun 24, 2020 to Aug 31, 2020
  • Charity clients · 4 to 1
    Jun 24, 2020 to Aug 31, 2020
  • Corporate clients · 9 to 13
    Jun 24, 2020 to Aug 31, 2020
  • HNW clients · 205 to 268
    Jun 24, 2020 to Aug 31, 2020
  • Individual clients · 563 to 537
    Jun 24, 2020 to Aug 31, 2020
  • Pension plan clients · 79 to 75
    Jun 24, 2020 to Aug 31, 2020
  • Assets in custody · $538M to $680M
    Jun 24, 2020 to Aug 31, 2020
  • State-registered IARs · 15 to 17
    Jun 24, 2020 to Aug 31, 2020
  • Discretionary RAUM · $570M to $671M
    Jun 24, 2020 to Aug 31, 2020
  • HNW RAUM · $446M to $572M
    Jun 24, 2020 to Aug 31, 2020
Signals
28 dated events
  • Bradley Paul Reiling left Bergankdv Wealth Management, Llc for Creative Planning (registered 2023-07-03)
    Sep 25, 2023 · Advisor changed firm · fact
  • Samuel Murphy Andrews left Bergankdv Wealth Management, Llc for Creative Planning (registered 2023-07-03)
    Sep 25, 2023 · Advisor changed firm · fact
  • Angela Leitzke Thomas left Bergankdv Wealth Management, Llc for Creative Planning (registered 2023-07-03)
    Sep 25, 2023 · Advisor changed firm · fact
  • Rebecca Erin Oelrich left Bergankdv Wealth Management, Llc for Creative Planning (registered 2023-08-28)
    Sep 25, 2023 · Advisor changed firm · fact
  • Adam Donald Heathcote left Bergankdv Wealth Management, Llc for Creative Planning (registered 2023-07-03)
    Sep 25, 2023 · Advisor changed firm · fact
  • Timothy Paul Ronning no longer registered at Bergankdv Wealth Management, Llc; no later IA registration on IAPD
    Sep 25, 2023 · Advisor departure · fact
  • Joseph James Masciopinto no longer registered at Bergankdv Wealth Management, Llc; no later IA registration on IAPD
    Sep 13, 2023 · Advisor departure · fact
  • Joseph Patrick Sullivan left Bergankdv Wealth Management, Llc for Creative Planning (registered 2026-01-01)
    Sep 13, 2023 · Advisor changed firm · fact
  • Kenneth John Zarske no longer registered at Bergankdv Wealth Management, Llc; no later IA registration on IAPD
    Sep 13, 2023 · Advisor departure · fact
  • David Paul Peterson no longer registered at Bergankdv Wealth Management, Llc; no later IA registration on IAPD
    Sep 13, 2023 · Advisor departure · fact
  • Bergankdv Wealth Management, LLC's advisors moved to Creative Planning (Bloomington, MN): 6 of 10 registered, within 12 days
    Sep 13, 2023 · Firm absorbed (people side) · derived
  • Kristen Mansfield Echols left Bergankdv Wealth Management, Llc for Wealthspire Retirement Advisory (registered 2023-08-30)
    Jul 19, 2023 · Advisor changed firm · fact
  • David John Peyton left Bergankdv Wealth Management, Llc for Creative Planning (registered 2023-07-03)
    Jul 17, 2023 · Advisor changed firm · fact
  • Thomas Gabriel Landreville left Bergankdv Wealth Management, Llc for Creative Planning (registered 2023-07-03)
    Jul 17, 2023 · Advisor changed firm · fact
  • Kenneth John Zarske left Bergankdv Wealth Management, Llc for Creative Planning (registered 2023-07-03)
    Jul 17, 2023 · Advisor changed firm · fact
  • Ian Michael O'Brien left Bergankdv Wealth Management, Llc for Creative Planning (registered 2023-07-03)
    Jul 17, 2023 · Advisor changed firm · fact
  • Matthew Alexander Cosgriff left Bergankdv Wealth Management, Llc for Creative Planning Institutional Advisors, Llc (registered 2023-08-07)
    Jul 17, 2023 · Advisor changed firm · fact
  • Derek Richard Hoyt left Bergankdv Wealth Management, Llc for Creative Planning (registered 2023-07-20)
    Jul 17, 2023 · Advisor changed firm · fact
  • Timothy Paul Ronning left Bergankdv Wealth Management, Llc for Creative Planning (registered 2023-07-03)
    Jul 17, 2023 · Advisor changed firm · fact
  • 5 advisors left Bergankdv Wealth Management, LLC (Bloomington, MN) for Creative Planning on the same day
    Jul 17, 2023 · Team lift-out · derived
  • Samuel George Rouman left Bergankdv Wealth Management, Llc for Iht Wealth Management Llc (registered 2024-01-26)
    Jul 3, 2023 · Advisor changed firm · fact
  • Theodore Nahas left Bergankdv Wealth Management, Llc for Wells Fargo Advisors (registered 2023-08-24)
    Jun 22, 2023 · Advisor changed firm · fact
  • Kyle Joseph Nelson left Bergankdv Wealth Management, Llc for Intellicents Investment Solutions Inc (registered 2023-07-18)
    Jun 22, 2023 · Advisor changed firm · fact
  • Todd Charles Henningsen left Bergankdv Wealth Management, Llc for Gilbert & Cook, Inc. (registered 2023-07-27)
    Jun 22, 2023 · Advisor changed firm · fact
  • Thomas Russell Pargett left Bergankdv Wealth Management, Llc for Cwm, Llc (registered 2023-06-21)
    May 31, 2023 · Advisor changed firm · fact
  • Anthony Welle left Bergankdv Wealth Management, Llc for Bluespring Wealth Management, Llc (registered 2023-01-06)
    Nov 22, 2022 · Advisor changed firm · fact
  • Bryan David Stobb left Bergankdv Wealth Management, Llc for Dew Wealth Management (registered 2022-07-08)
    May 24, 2022 · Advisor changed firm · fact
  • Bergankdv Wealth Management, Llc reported RAUM $2.1B, up 60% from $1.3B (2021-03-25 to 2021-08-05)
    Aug 5, 2021 · 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