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

Kobo Wealth Conservancy

Former SEC-registered adviserHonolulu, HawaiiCRD 143654SEC 801-70128websiteIAPD
Legal name Kobo Wealth Conservancy, LLC
Latest filing May 28, 2025
First filing on the tape Nov 21, 2011 · 33 filings
SEC status approved since May 15, 2009
RAUM
$155M
reported, Item 5.F
Discretionary
78%
of RAUM
Private clients
86%
$133M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$155M as of May 28, 2025
Mar 16, 2012$92.9M then
HNW client RAUM$116M as of May 28, 2025
Mar 14, 2018$65.1M then
State-registered IARs (5.B.3)2 as of May 28, 2025
Mar 19, 20133 then
Employees (5.A)3 as of May 28, 2025
Mar 19, 20133 then
Private funds: no history
RAUM +14% over the last fiscal year+2.7% a year over threeIARs 2 to 2
Practice profile
derived from the filing of May 28, 2025; every figure names its basis
RAUM per advisor
$77.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
51derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.9MderivedHNW RAUM over HNW clients
Average account
$532,276derivedRAUM over accounts (5.F.2.f)
Discretionary
78%derivedof RAUM
Institutional
14%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+14%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-1.0%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 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)
  • 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$116M75%
  • Pension and profit-sharing plans$17.7M11%
  • Individuals$17.2M11%
  • Charitable organizations$4.7M3.0%
Individual clients
72reported
HNW clients
30reported
Pension plan clients
8reported
Charitable clients
5reported
Accounts
292reported
Financial planning clients
0reported
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
2 left, 0 joined in 12 months
net -2 in 12 months0 left in 90 days0 joined in 90 days3 left over 36 months
Left, latest
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Jon Cristopher Borden · Manager / Chief Compliance Officercontrol
    since 02/2007 · owns 50% to 75%
  • Jon Christopher Borden · Trustee To The Plan Trustcontrol
    since 11/2008 · owns F of Kobo Wealth Conservancy And Family Office LLC 401(K) Plan Trust Fund
  • Jon Cristopher Borden · Managing Membercontrol
    since 11/2008 · owns 25% to 50% of Kobo, LLC
Entity owners
  • Kobo, LLC · Owner
    direct · owns 75% or more
  • Kobo Wealth Conservancy And Family Office LLC 401(K) Plan Trust Fund · Owner
    indirect · owns 25% to 50% of Kobo, LLC
Related persons
Schedule D 7.A
No related person reported.
Advisers that list Kobo Wealth Conservancy as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Honolulu, Hi · principal002
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Financial planning clients · 0 to 0
    Feb 11, 2025 to May 28, 2025
  • Accounts · 273 to 292
    Oct 8, 2024 to Feb 11, 2025
  • Charity clients · 6 to 5
    Oct 8, 2024 to Feb 11, 2025
  • Corporate clients · 1 to 0
    Oct 8, 2024 to Feb 11, 2025
  • HNW clients · 26 to 30
    Oct 8, 2024 to Feb 11, 2025
  • Individual clients · 77 to 72
    Oct 8, 2024 to Feb 11, 2025
  • Pension plan clients · 16 to 8
    Oct 8, 2024 to Feb 11, 2025
  • Employees · 4 to 3
    Oct 8, 2024 to Feb 11, 2025
  • Financial planning clients · unset to 0
    Oct 8, 2024 to Feb 11, 2025
  • Discretionary RAUM · $115M to $121M
    Oct 8, 2024 to Feb 11, 2025
  • HNW RAUM · $95.8M to $116M
    Oct 8, 2024 to Feb 11, 2025
  • Individual RAUM · $16.0M to $17.2M
    Oct 8, 2024 to Feb 11, 2025
  • Non-discretionary RAUM · $22.2M to $34.2M
    Oct 8, 2024 to Feb 11, 2025
  • Pension RAUM · $20.7M to $17.7M
    Oct 8, 2024 to Feb 11, 2025
  • RAUM · $137M to $155M
    Oct 8, 2024 to Feb 11, 2025
  • Advisory activities · 4 to 3
    May 8, 2024 to Oct 8, 2024
  • Insurance-licensed employees · 1 to 2
    May 8, 2024 to Oct 8, 2024
  • Related adviser · true to false
    May 8, 2024 to Oct 8, 2024
  • Employees · 3 to 4
    Mar 8, 2024 to May 8, 2024
  • Accounts · 165 to 273
    Dec 12, 2023 to Mar 8, 2024
  • Charity clients · 3 to 6
    Dec 12, 2023 to Mar 8, 2024
  • HNW clients · 36 to 26
    Dec 12, 2023 to Mar 8, 2024
  • Individual clients · 106 to 77
    Dec 12, 2023 to Mar 8, 2024
  • Pension plan clients · 18 to 16
    Dec 12, 2023 to Mar 8, 2024
  • Discretionary RAUM · $97.5M to $115M
    Dec 12, 2023 to Mar 8, 2024
  • HNW RAUM · $80.6M to $95.8M
    Dec 12, 2023 to Mar 8, 2024
  • Individual RAUM · $19.2M to $16.0M
    Dec 12, 2023 to Mar 8, 2024
  • Non-discretionary RAUM · $22.5M to $22.2M
    Dec 12, 2023 to Mar 8, 2024
  • Pension RAUM · $18.4M to $20.7M
    Dec 12, 2023 to Mar 8, 2024
  • RAUM · $120M to $137M
    Dec 12, 2023 to Mar 8, 2024
  • Employees · 2 to 3
    Mar 21, 2023 to Dec 12, 2023
  • Accounts · 245 to 165
    Feb 28, 2022 to Mar 21, 2023
  • Corporate clients · 5 to 1
    Feb 28, 2022 to Mar 21, 2023
  • HNW clients · 22 to 36
    Feb 28, 2022 to Mar 21, 2023
  • Individual clients · 89 to 106
    Feb 28, 2022 to Mar 21, 2023
  • Pension plan clients · 20 to 18
    Feb 28, 2022 to Mar 21, 2023
  • Discretionary RAUM · $127M to $97.5M
    Feb 28, 2022 to Mar 21, 2023
  • HNW RAUM · $61.4M to $80.6M
    Feb 28, 2022 to Mar 21, 2023
  • Individual RAUM · $22.3M to $19.2M
    Feb 28, 2022 to Mar 21, 2023
  • Non-discretionary RAUM · $16.6M to $22.5M
    Feb 28, 2022 to Mar 21, 2023
Signals
4 dated events
  • Kobo Wealth Conservancy no longer on the SEC adviser roster (last listed 2025-12-20, RAUM $155.4M)
    Jan 2, 2026 · Left the SEC roster · derived
  • Benny Tran left Kobo Wealth Conservancy for Shuster Advisory Group, Llc (registered 2022-03-25)
    Dec 11, 2025 · Advisor changed firm · fact
  • Cristopher Jon Borden left Kobo Wealth Conservancy for Fiduciary Investment Council, Llc (registered 2012-09-24)
    Dec 11, 2025 · Advisor changed firm · fact
  • Steven Edward Connell left Kobo Wealth Conservancy for Diamond Head Financial Advisors Llc (registered 2019-05-10)
    Dec 4, 2024 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
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