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
Calder Financial Group
Legal name Calder Investment Advisors
Latest filing Mar 11, 2026
First filing on the tape Feb 21, 2012 · 21 filings
SEC status approved since May 21, 2007
RAUM
$297M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
60%
$177M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$59.4M
derived; firm RAUM over IAPD count
Employees
7
4 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$297M as of Mar 11, 2026
Feb 21, 2012$204M then
HNW client RAUM$123M as of Mar 11, 2026
Feb 12, 2018$12.7M then
State-registered IARs (5.B.3)4 as of Mar 11, 2026
Feb 26, 20137 then
Employees (5.A)7 as of Mar 11, 2026
Feb 26, 20139 then
Private funds: no history
RAUM +14% over the last fiscal year+8.9% a year over threeIARs 5 to 4
Practice profile
derived from the filing of Mar 11, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 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
- RAUM per advisor
- $59.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 102derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.6MderivedHNW RAUM over HNW clients
- Average account
- $162,206derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 40%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.4derivedItem 5.A over advisors
- Advisors per office
- 2.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- -20%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +15%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisers, publicationsreportedItem 5.G
- Custody
- $30.0M, 58 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)
- 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
- High-net-worth individuals$123M41%
- Pension and profit-sharing plans$119M40%
- Individuals$54.4M18%
- Charitable organizations$600,0000.2%
- Individual clients
- 463reported
- HNW clients
- 48reported
- Pension plan clients
- 30reported
- Charitable clients
- 3reported
- Accounts
- 1,831reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- $30.0M for 58 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.6 fund_share=0.0 institutional_share=0.4 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| George Dirk Racette | Ada, Mi | Sep 29, 2011 | 29 y | 1 |
| Daren Bahr ShavellChartered Financial Analyst | Ada, Mi | Feb 25, 2019 | 18 y | 3 |
| Kelly E Eggleston | Ada, Mi | Dec 2, 2020 | 21 y | 0 |
| Timothy Scott Tuinstra | Ada, Mi | Sep 26, 2023 | 18 y | 1 |
| Patrick O'Hare NewcombeCertified Financial Planner | Ada, Mi | Jan 1, 2026 | 31 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
- Thomas D Glover to Centennial Securities Company IncJan 15, 2024 · RIA to RIA
Joined, latest
- Patrick O'Hare Newcombe from Advice And Planning ServicesJan 1, 2026 · Other
- Timothy Scott Tuinstra from Securities America Advisors, Inc.Sep 26, 2023 · Affiliated broker-dealer or bank to independent RIA
- Daren Bahr Shavell from Jim Roberts Investment Advisors LLCFeb 25, 2019 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Dirk George Racette · Chief Compliance Officercontrolsince 05/2007 · owns 50% to 75%
- D Brian Riefepeters · Presidentsince 01/2020 · owns 10% to 25%
- Bahr Daren Shavell · Secretarysince 01/2020 · owns 10% to 25%
Related persons
Schedule D 7.A
- Brian RiefepetersLP sponsory
- Tim Tuinstrainsurancen
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Ada, Mi · principal | 5 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Winona, MN1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- high institutional concentrationStatic outlier · filing Mar 11, 2026institutional share of RAUM of 40% against a peer median of 0% (5676 comparable advisers, 98.0th percentile, 13.5 robust deviations)peers: independent wealth managers, $100M to $500M (5,676) · 98% percentile
- HNW share shiftChange between filings · filing Mar 11, 2026HNW share of RAUM moved from 14.0% to 41.0% between the annual amendments of 2025-03-07 and 2026-03-11peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 1,319 to 1,831Mar 7, 2025 to Mar 11, 2026
- Advisory employees · 5 to 4Mar 7, 2025 to Mar 11, 2026
- Advisory activities · 4 to 5Mar 7, 2025 to Mar 11, 2026
- Charity clients · 2 to 3Mar 7, 2025 to Mar 11, 2026
- HNW clients · 6 to 48Mar 7, 2025 to Mar 11, 2026
- Individual clients · 437 to 463Mar 7, 2025 to Mar 11, 2026
- Pension plan clients · 56 to 30Mar 7, 2025 to Mar 11, 2026
- Assets in custody · $76.0M to $30.0MMar 7, 2025 to Mar 11, 2026
- Employees · 6 to 7Mar 7, 2025 to Mar 11, 2026
- State-registered IARs · 5 to 4Mar 7, 2025 to Mar 11, 2026
- Discretionary RAUM · $261M to $297MMar 7, 2025 to Mar 11, 2026
- HNW RAUM · $35.5M to $123MMar 7, 2025 to Mar 11, 2026
- Individual RAUM · $127M to $54.4MMar 7, 2025 to Mar 11, 2026
- Pension RAUM · $98.0M to $119MMar 7, 2025 to Mar 11, 2026
- RAUM · $261M to $297MMar 7, 2025 to Mar 11, 2026
- Accounts · 1,266 to 1,319Mar 1, 2024 to Mar 7, 2025
- Charity clients · 4 to 2Mar 1, 2024 to Mar 7, 2025
- HNW clients · 2 to 6Mar 1, 2024 to Mar 7, 2025
- Individual clients · 538 to 437Mar 1, 2024 to Mar 7, 2025
- Assets in custody · $29.0M to $76.0MMar 1, 2024 to Mar 7, 2025
- Financial planning clients · 26-50 to 26-50Mar 1, 2024 to Mar 7, 2025
- Discretionary RAUM · $261M to $261MMar 1, 2024 to Mar 7, 2025
- HNW RAUM · $16.0M to $35.5MMar 1, 2024 to Mar 7, 2025
- Individual RAUM · $141M to $127MMar 1, 2024 to Mar 7, 2025
- Pension RAUM · $97.8M to $98.0MMar 1, 2024 to Mar 7, 2025
- RAUM · $261M to $261MMar 1, 2024 to Mar 7, 2025
- Accounts · 1,032 to 1,266Sep 29, 2023 to Mar 1, 2024
- Advisory employees · 7 to 5Sep 29, 2023 to Mar 1, 2024
- HNW clients · 4 to 2Sep 29, 2023 to Mar 1, 2024
- Individual clients · 398 to 538Sep 29, 2023 to Mar 1, 2024
- Pension plan clients · 33 to 56Sep 29, 2023 to Mar 1, 2024
- Assets in custody · $23.5M to $29.0MSep 29, 2023 to Mar 1, 2024
- Employees · 8 to 6Sep 29, 2023 to Mar 1, 2024
- HQ city · GRAND RAPIDS to ADASep 29, 2023 to Mar 1, 2024
- State-registered IARs · 7 to 5Sep 29, 2023 to Mar 1, 2024
- Discretionary RAUM · $230M to $261MSep 29, 2023 to Mar 1, 2024
- HNW RAUM · $21.5M to $16.0MSep 29, 2023 to Mar 1, 2024
- Individual RAUM · $131M to $141MSep 29, 2023 to Mar 1, 2024
- Pension RAUM · $73.0M to $97.8MSep 29, 2023 to Mar 1, 2024
- RAUM · $230M to $261MSep 29, 2023 to Mar 1, 2024
Signals
1 dated events
- Thomas D Glover left Calder Financial Group for Centennial Securities Company Inc (registered 2024-01-09)Jan 15, 2024 · Advisor changed firm · 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 phone
- 616-235-2442reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- WEARECALDER.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 616-235-2442reportedpublic record, Form ADV, Mar 11, 2026
- Contact form
- wearecalder.com/contactreportedpublished 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
- $59.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026