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

W••••• A•••• M•••••••

Independent wealth managerSpokane, WashingtonCRD 14377SEC 801-41346websiteIAPD
Legal name N••••• S•••••••••
Latest filing Sep 5, 2026
First filing on the tape Jan 25, 2012 · 21 filings
SEC status approved since May 7, 1992
RAUM
$322M
reported, Item 5.F
Discretionary
92%
of RAUM
Private clients
99%
$319M individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$35.8M
derived; firm RAUM over IAPD count
Employees
15
9 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$322M as of Aug 9, 2026
Aug 16, 2012$42.9M then
HNW client RAUM: $7.5M
State-registered IARs (5.B.3)9 as of Aug 9, 2026
Aug 16, 20120 then
Employees (5.A)15 as of Aug 9, 2026
Aug 6, 201319 then
Private funds: no history
RAUM +51% over the last fiscal year+14% a year over threeIARs 9 to 9
Practice profile
derived from the filing of Sep 5, 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)
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
RAUM per advisor
$35.8MderivedRAUM 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
$160,451derivedRAUM over accounts (5.F.2.f)
Discretionary
92%derivedof RAUM
Institutional
0.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
4.5derived2 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
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
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)
  • is an insurance broker or agent (6.A.6)
  • has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$319M99%
  • Corporations and businesses$1.7M0.5%
  • Pension and profit-sharing plans$829,2210.3%
  • Charitable organizations$358,0370.1%
Individual clients
1,996reported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2,006reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.99 fund_share=0.0 institutional_share=0.0 related_bd= related_bank= bd_reps=11.0derived
Advisors registered through the firm
9 on IAPD today, longest tenure first
Advisor movement
0 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • D••••••• P•••••• K•••• · Treasurer, Cfocontrol
    since 06/1995 · owns less than 5%
  • G•••••• S•••• S•••••• · Chief Compliance Officercontrol
    since 05/2017 · owns less than 5%
  • N•••••• R••••• O••• J• · President, Ceocontrol
    since 05/2017 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Spokane, Wa · principal600
San Diego, Ca300
Offices
Schedule D 1.F, the 25 largest
  • San Diego, CA3 employees
What changed
consecutive filings, newest first
  • Financial planning clients · 0 to 0
    Aug 9, 2026 to Sep 5, 2026
  • Related adviser · false to unset
    Aug 9, 2026 to Sep 5, 2026
  • Related bank · false to unset
    Aug 9, 2026 to Sep 5, 2026
  • Related broker-dealer · false to unset
    Aug 9, 2026 to Sep 5, 2026
  • Related insurance company · false to unset
    Aug 9, 2026 to Sep 5, 2026
  • Succession · false to unset
    Aug 9, 2026 to Sep 5, 2026
  • Accounts · 2,026 to 2,006
    Jul 21, 2025 to Aug 9, 2026
  • Individual clients · 2,016 to 1,996
    Jul 21, 2025 to Aug 9, 2026
  • Discretionary RAUM · $248M to $295M
    Jul 21, 2025 to Aug 9, 2026
  • Individual RAUM · $267M to $319M
    Jul 21, 2025 to Aug 9, 2026
  • Non-discretionary RAUM · $24.3M to $27.0M
    Jul 21, 2025 to Aug 9, 2026
  • Pension RAUM · $1.6M to $829,221
    Jul 21, 2025 to Aug 9, 2026
  • RAUM · $272M to $322M
    Jul 21, 2025 to Aug 9, 2026
  • Accounts · 2,061 to 2,026
    Aug 9, 2024 to Jul 21, 2025
  • Corporate clients · 6 to 7
    Aug 9, 2024 to Jul 21, 2025
  • Individual clients · 2,052 to 2,016
    Aug 9, 2024 to Jul 21, 2025
  • Financial planning clients · 0 to 0
    Aug 9, 2024 to Jul 21, 2025
  • Discretionary RAUM · $228M to $248M
    Aug 9, 2024 to Jul 21, 2025
  • Individual RAUM · $240M to $267M
    Aug 9, 2024 to Jul 21, 2025
  • Non-discretionary RAUM · $14.6M to $24.3M
    Aug 9, 2024 to Jul 21, 2025
  • Pension RAUM · $1.5M to $1.6M
    Aug 9, 2024 to Jul 21, 2025
  • RAUM · $242M to $272M
    Aug 9, 2024 to Jul 21, 2025
  • Accounts · 2,052 to 2,061
    Sep 2, 2023 to Aug 9, 2024
  • BD registered reps · 10 to 11
    Sep 2, 2023 to Aug 9, 2024
  • Individual clients · 2,043 to 2,052
    Sep 2, 2023 to Aug 9, 2024
  • Discretionary RAUM · $201M to $228M
    Sep 2, 2023 to Aug 9, 2024
  • Individual RAUM · $211M to $240M
    Sep 2, 2023 to Aug 9, 2024
  • Non-discretionary RAUM · $12.4M to $14.6M
    Sep 2, 2023 to Aug 9, 2024
  • Pension RAUM · $1.3M to $1.5M
    Sep 2, 2023 to Aug 9, 2024
  • RAUM · $213M to $242M
    Sep 2, 2023 to Aug 9, 2024
  • Accounts · 2,017 to 2,052
    Jul 21, 2022 to Sep 2, 2023
  • Corporate clients · 5 to 6
    Jul 21, 2022 to Sep 2, 2023
  • Individual clients · 2,017 to 2,043
    Jul 21, 2022 to Sep 2, 2023
  • Discretionary RAUM · $175M to $201M
    Jul 21, 2022 to Sep 2, 2023
  • Individual RAUM · $184M to $211M
    Jul 21, 2022 to Sep 2, 2023
  • Non-discretionary RAUM · $10.6M to $12.4M
    Jul 21, 2022 to Sep 2, 2023
  • Pension RAUM · $1.1M to $1.3M
    Jul 21, 2022 to Sep 2, 2023
  • RAUM · $186M to $213M
    Jul 21, 2022 to Sep 2, 2023
  • Accounts · 1,989 to 2,017
    Feb 11, 2022 to Jul 21, 2022
  • Advisory employees · 8 to 9
    Feb 11, 2022 to Jul 21, 2022
Signals
No event on the tape.
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
nelsonsecurities@nelsonsecurities.comreportedpublished by the firm, firm site, Sep 16, 2026
Business phone
509-458-5578reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
509-838-1313reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
800-345-7593reportedpublished by the firm, firm site, Sep 16, 2026
Website
H•••://WWW.N•••••SECURITIES.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
509-838-1313reportedpublic record, Form ADV, Sep 5, 2026
Contact form
nelsonsecurities.com/contactreportedpublished by the firm, firm site, Sep 16, 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
$35.8Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026