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
Heck Capital Advisors, LLC
Latest filing Mar 30, 2026
First filing on the tape Mar 30, 2012 · 32 filings
SEC status approved since May 14, 2007
RAUM
$11B
reported, Item 5.F
Discretionary
44%
of RAUM
Private clients
20%
$2.3B individuals and HNW
Advisors
24
registered through the firm on IAPD
RAUM per advisor
$471M
derived; firm RAUM over IAPD count
Employees
30
24 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$11B as of Mar 30, 2026
Mar 30, 2012$1.9B then
HNW client RAUM$2.0B as of Mar 30, 2026
Mar 28, 2018$611M then
State-registered IARs (5.B.3)24 as of Mar 30, 2026
Mar 22, 201312 then
Employees (5.A)30 as of Mar 30, 2026
Mar 22, 201312 then
Private funds: no history
RAUM +17% over the last fiscal year+26% a year over threeIARs 20 to 24
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
- OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $471MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 44derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.0MderivedHNW RAUM over HNW clients
- Average account
- $2.8MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 44%derivedof RAUM
- Institutional
- 57%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 4.8derived5 offices incl. principal (1.F.5)
- RAUM growth, one year
- +17%derivedbetween the last two annual amendments
- Advisor growth, one year
- +20%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +8.0%derived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, otherreportedItem 5.G
- Wrap fee program
- $7.1BreportedItem 5.I
- Custody
- $5.6B, 530 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)
- an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$4.0B35%
- Corporations and businesses$2.6B23%
- Charitable organizations$2.4B21%
- High-net-worth individuals$2.0B18%
- Individuals$271M2.4%
- Individual clients
- 553reported
- HNW clients
- 496reported
- Pension plan clients
- 14reported
- Charitable clients
- 60reported
- Accounts
- 4,004reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $5.6B for 530 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.2 fund_share=0.0 institutional_share=0.57 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
24 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| David Martin Heck | Rhinelander, Wi | May 18, 2007 | 33 y | 0 |
| Pamela Patrice Bishop | Rhinelander, Wi | Jun 18, 2007 | 25 y | 0 |
| John Paul Reinthaler | Rhinelander, Wi | Jun 18, 2007 | 28 y | 0 |
| Donna Marie Blamberg | Rhinelander, Wi | Jun 18, 2007 | 29 y | 0 |
| Benjamin Christian Opsal | Rhinelander, Wi | Feb 16, 2015 | 12 y | 0 |
| Connor J Showalter | St Louis Park, Mn | Mar 12, 2016 | 11 y | 0 |
| Kenneth Robert Heck | St Louis Park, Mn | Jun 14, 2017 | 35 y | 0 |
| Stevie Lynn Radzinski | Rhinelander, Wi | May 18, 2019 | 19 y | 0 |
| Olivia Helen Stoll | Rhinelander, Wi | Aug 1, 2019 | 13 y | 0 |
| Samuel John Brettingen | Milwaukee, Wi | Feb 9, 2022 | 12 y | 1 |
| Otona R Lavender | Rhinelander, Wi | Feb 28, 2022 | 12 y | 0 |
| Samuel Joseph Rufer | Rhinelander, Wi | May 23, 2022 | 21 y | 0 |
| John Robert MooreChartered Financial Analyst | Rhinelander, Wi | May 24, 2023 | 20 y | 2 |
| Jacob Daniel KlausCertified Financial Planner | Rhinelander, Wi | Mar 26, 2024 | 10 y | 0 |
| Todd Lyal Manteufel | Rhinelander, Wi | Jun 24, 2024 | 12 y | 1 |
| Matthew Joseph Schulz | Rhinelander, Wi | Dec 18, 2024 | 14 y | 0 |
| Steven M ReissCertified Financial Planner | Rhinelander, Wi | Jul 2, 2025 | 11 y | 0 |
| Derek Mcshane Bartle | Milwaukee, Wi | Aug 21, 2025 | 14 y | 2 |
| Phillip A. Sanchez | Scottsdale, Az | Apr 3, 2026 | 11 y | 3 |
| Carson G Tucker | Milwaukee, Wi | May 28, 2026 | 10 y | 0 |
| Noelle Adler | Rhinelander, Wi | Jun 25, 2026 | 11 y | 0 |
| Reece David Stangel | Rhinelander, Wi | Jun 26, 2026 | 10 y | 0 |
| Jack J Wasserman | Rhinelander, Wi | Jun 26, 2026 | 16 y | 0 |
| Grace Elizabeth Heck | Milwaukee, Wi | Jul 24, 2026 | 13 y | 1 |
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount2 left over 36 months
Left, latest
- Michael Joseph Bogard to Allworth Financial, L.P.Jul 23, 2024 · RIA to affiliated broker-dealer or bank
- Alison Elizabeth Couch to Robert W. Baird & Co. IncorporatedJun 28, 2024 · RIA to RIA
- Nils Johan Dillon to Pegasus PartnersMar 7, 2023 · RIA to RIA
- Maria Cristina Vasquez to Fidelity Personal And Workplace AdvisorsSep 17, 2019 · RIA to affiliated broker-dealer or bank
- Bradley James O'Loughlin to Resonant Capital Advisors, LLCNov 30, 2018 · Other
- Timothy Shane Bickmore to Poehling Capital Management, Inc.Sep 4, 2014 · Other
Joined, latest
- Grace Elizabeth Heck from Ameriprise Financial Services, LLCJul 24, 2026 · Other
- Phillip A. Sanchez from Strategic Advisers LLCApr 3, 2026 · Other
- Derek Mcshane Bartle from U.S. Bancorp Investments, Inc.Aug 21, 2025 · Other
- Todd Lyal Manteufel from Pruco Securities, LLCJun 24, 2024 · Affiliated broker-dealer or bank to independent RIA
- John Robert Moore from Cmj Partners, LLCMay 24, 2023 · Other
- Samuel John Brettingen from Mutual Of Omaha Investor Services, Inc.Feb 9, 2022 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Marie Donna Blamberg · Chief Compliance Officer /Director Of Operationscontrolsince 11/2011 · owns less than 5%
- Martin David Heck · Chief Operating Officercontrolsince 05/2007 · owns 50% to 75%
- Robert Kenneth Heck · Chief Financial Officercontrolsince 05/2007 · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Rhinelander, Wi · principal | 23 | 6 | 0 | ||
| Milwaukee, Wi | 9 | 2 | 0 | ||
| St Louis Park, Mn | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Milwaukee, WI5 employees
- Green Bay, WI1 employees
- Minnetonka, MN1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- custody status changedChange between filings · filing Mar 30, 2026custody of client assets (Item 9.A): no on the filing of 2025-03-18, yes on the filing of 2026-03-30peers: other advisers, $5B to $20B (134)
What changed
consecutive filings, newest first
- Accounts · 3,815 to 4,004Mar 18, 2025 to Mar 30, 2026
- Advisory employees · 20 to 24Mar 18, 2025 to Mar 30, 2026
- Charity clients · 125 to 60Mar 18, 2025 to Mar 30, 2026
- Corporate clients · 17 to 10Mar 18, 2025 to Mar 30, 2026
- HNW clients · 490 to 496Mar 18, 2025 to Mar 30, 2026
- Individual clients · 481 to 553Mar 18, 2025 to Mar 30, 2026
- Pension plan clients · 47 to 14Mar 18, 2025 to Mar 30, 2026
- Assets in custody · unset to 5648943343.0Mar 18, 2025 to Mar 30, 2026
- Custody of client assets · false to trueMar 18, 2025 to Mar 30, 2026
- Employees · 26 to 30Mar 18, 2025 to Mar 30, 2026
- Financial planning clients · 51-100 to 101-250Mar 18, 2025 to Mar 30, 2026
- State-registered IARs · 20 to 24Mar 18, 2025 to Mar 30, 2026
- Discretionary RAUM · $4.0B to $5.0BMar 18, 2025 to Mar 30, 2026
- HNW RAUM · $1.2B to $2.0BMar 18, 2025 to Mar 30, 2026
- Individual RAUM · $671M to $271MMar 18, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $5.6B to $6.3BMar 18, 2025 to Mar 30, 2026
- Pension RAUM · $3.5B to $4.0BMar 18, 2025 to Mar 30, 2026
- RAUM · $9.7B to $11BMar 18, 2025 to Mar 30, 2026
- Accounts · 3,566 to 3,815Mar 27, 2024 to Mar 18, 2025
- Advisory employees · 16 to 20Mar 27, 2024 to Mar 18, 2025
- Charity clients · 86 to 125Mar 27, 2024 to Mar 18, 2025
- Corporate clients · 8 to 17Mar 27, 2024 to Mar 18, 2025
- HNW clients · 429 to 490Mar 27, 2024 to Mar 18, 2025
- Individual clients · 671 to 481Mar 27, 2024 to Mar 18, 2025
- Pension plan clients · 35 to 47Mar 27, 2024 to Mar 18, 2025
- Employees · 20 to 26Mar 27, 2024 to Mar 18, 2025
- Financial planning clients · 51-100 to 51-100Mar 27, 2024 to Mar 18, 2025
- State-registered IARs · 16 to 20Mar 27, 2024 to Mar 18, 2025
- Other offices · 3 to 4Mar 27, 2024 to Mar 18, 2025
- Discretionary RAUM · $1.6B to $4.0BMar 27, 2024 to Mar 18, 2025
- HNW RAUM · $1.5B to $1.2BMar 27, 2024 to Mar 18, 2025
- Individual RAUM · $67.9M to $671MMar 27, 2024 to Mar 18, 2025
- Non-discretionary RAUM · $5.1B to $5.6BMar 27, 2024 to Mar 18, 2025
- Pension RAUM · $3.3B to $3.5BMar 27, 2024 to Mar 18, 2025
- RAUM · $6.7B to $9.7BMar 27, 2024 to Mar 18, 2025
- Accounts · 3,475 to 3,566Mar 30, 2023 to Mar 27, 2024
- Advisory employees · 17 to 16Mar 30, 2023 to Mar 27, 2024
- Charity clients · 97 to 86Mar 30, 2023 to Mar 27, 2024
- Corporate clients · 12 to 8Mar 30, 2023 to Mar 27, 2024
- HNW clients · 385 to 429Mar 30, 2023 to Mar 27, 2024
Signals
6 dated events
- Heck Capital Advisors, Llc reported RAUM $9.7B, up 45% from $6.7B (2024-03-27 to 2025-03-18)Mar 18, 2025 · RAUM change · derived
- Michael Joseph Bogard left Heck Capital Advisors, Llc for Allworth Financial, L.P. (registered 2024-08-22)Jul 23, 2024 · Advisor changed firm · fact
- Alison Elizabeth Couch left Heck Capital Advisors, Llc for Robert W. Baird & Co. Incorporated (registered 2024-06-07)Jun 28, 2024 · Advisor changed firm · fact
- George Robert Heck (Chairman) no longer on Schedule A of Heck Capital Advisors, Llc (listed 2022-03-30, absent 2023-03-30)Mar 30, 2023 · Control person left · inference
- Nils Johan Dillon left Heck Capital Advisors, Llc for Pegasus Partners (registered 2023-07-10)Mar 7, 2023 · Advisor changed firm · fact
- Heck Capital Advisors, Llc reported RAUM $5.7B, up 37% from $4.2B (2019-06-06 to 2020-03-31)Mar 31, 2020 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- Heck Capital Advisors, LLC · Private Equityshared crd · intermediary
How to reach
public business contact points only, each with its source
- Firm profile
- LINKEDIN.COM/COMPANY/HECK-CAPITAL-ADVISORSreportedpublic record, Form ADV, Sep 17, 2026
- Website
- HECKCAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 715-361-1500reportedpublic record, Form ADV, Mar 30, 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
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $471Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026