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

H••••• A•• A••••••••• I•••

Independent wealth managerSheridan, WyomingCRD 145090SEC 801-71661websiteIAPD
Latest filing Mar 25, 2026
First filing on the tape Nov 22, 2011 · 44 filings
SEC status approved since Jul 21, 2010
RAUM
$783M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
90%
$706M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$261M
derived; firm RAUM over IAPD count
Employees
8
2 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
44 filings and snapshots on the tape
RAUM$783M as of Mar 25, 2026
Mar 13, 2012$212M then
HNW client RAUM$592M as of Mar 25, 2026
Mar 1, 2018$262M then
State-registered IARs (5.B.3)3 as of Mar 25, 2026
Mar 13, 20120 then
Employees (5.A)8 as of Mar 25, 2026
Feb 15, 20132 then
Private funds: no history
RAUM +8.5% over the last fiscal year+10% a year over threeIARs 4 to 3
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • 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
$261MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
166derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.6MderivedHNW RAUM over HNW clients
Average account
$508,906derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
9.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.7derivedItem 5.A over advisors
Advisors per office
1.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+8.5%derivedbetween the last two annual amendments
Advisor growth, one year
-25%derivedItem 5.B.3 between annual amendments
Client growth, one year
+49%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 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$592M76%
  • Individuals$114M15%
  • Charitable organizations$58.2M7.4%
  • Pension and profit-sharing plans$14.1M1.8%
  • Corporations and businesses$5.1M0.7%
Individual clients
369reported
HNW clients
130reported
Pension plan clients
15reported
Charitable clients
20reported
Accounts
1,539reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.9 fund_share=0.0 institutional_share=0.09 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
R•••• D••• H•••••Certified Financial PlannerSheridan, WySep 27, 200734 y2
D•••••• J•••••••• H•••••Sheridan, WyMay 1, 201915 y0
M••••••• M• S•••••••••Sheridan, WyJan 2, 202022 y0
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
  • H•••••• D••••••• J•••••••• · Chief Operating Officercontrol
    since 07/2010 · owns 10% to 25%
  • H•••••• R••••• D••• · President/Chief Compliance Officercontrol
    since 07/2007 · 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
Sheridan, Wy · principal300
Offices
Schedule D 1.F, the 25 largest
  • Ashland, OR2 employees
What changed
consecutive filings, newest first
  • Accounts · 1,531 to 1,539
    Nov 4, 2025 to Mar 25, 2026
  • Advisory employees · 4 to 2
    Nov 4, 2025 to Mar 25, 2026
  • Charity clients · 17 to 20
    Nov 4, 2025 to Mar 25, 2026
  • Corporate clients · 6 to 5
    Nov 4, 2025 to Mar 25, 2026
  • HNW clients · 208 to 130
    Nov 4, 2025 to Mar 25, 2026
  • Individual clients · 127 to 369
    Nov 4, 2025 to Mar 25, 2026
  • Pension plan clients · 160 to 15
    Nov 4, 2025 to Mar 25, 2026
  • Employees · 7 to 8
    Nov 4, 2025 to Mar 25, 2026
  • State-registered IARs · 4 to 3
    Nov 4, 2025 to Mar 25, 2026
  • Discretionary RAUM · $722M to $783M
    Nov 4, 2025 to Mar 25, 2026
  • HNW RAUM · $604M to $592M
    Nov 4, 2025 to Mar 25, 2026
  • Individual RAUM · $28.5M to $114M
    Nov 4, 2025 to Mar 25, 2026
  • Non-discretionary RAUM · $27,692 to $37,397
    Nov 4, 2025 to Mar 25, 2026
  • Pension RAUM · $37.7M to $14.1M
    Nov 4, 2025 to Mar 25, 2026
  • RAUM · $722M to $783M
    Nov 4, 2025 to Mar 25, 2026
  • Financial planning clients · 251-500 to 251-500
    Mar 23, 2025 to Jul 15, 2025
  • Accounts · 1,439 to 1,531
    Feb 12, 2025 to Mar 23, 2025
  • Advisory employees · 3 to 4
    Feb 12, 2025 to Mar 23, 2025
  • Corporate clients · 2 to 6
    Feb 12, 2025 to Mar 23, 2025
  • HNW clients · 187 to 208
    Feb 12, 2025 to Mar 23, 2025
  • Individual clients · 225 to 127
    Feb 12, 2025 to Mar 23, 2025
  • Pension plan clients · 69 to 160
    Feb 12, 2025 to Mar 23, 2025
  • Employees · 3 to 7
    Feb 12, 2025 to Mar 23, 2025
  • State-registered IARs · 3 to 4
    Feb 12, 2025 to Mar 23, 2025
  • Discretionary RAUM · $629M to $722M
    Feb 12, 2025 to Mar 23, 2025
  • HNW RAUM · $535M to $604M
    Feb 12, 2025 to Mar 23, 2025
  • Individual RAUM · $16.2M to $28.5M
    Feb 12, 2025 to Mar 23, 2025
  • Non-discretionary RAUM · $31,517 to $27,692
    Feb 12, 2025 to Mar 23, 2025
  • Pension RAUM · $35.2M to $37.7M
    Feb 12, 2025 to Mar 23, 2025
  • RAUM · $629M to $722M
    Feb 12, 2025 to Mar 23, 2025
  • Pension plan clients · 75 to 69
    Mar 28, 2024 to Apr 2, 2024
  • Non-discretionary RAUM · $43.0M to $31,517
    Mar 28, 2024 to Apr 2, 2024
  • Pension RAUM · $78.2M to $35.2M
    Mar 28, 2024 to Apr 2, 2024
  • RAUM · $672M to $629M
    Mar 28, 2024 to Apr 2, 2024
  • Accounts · 1,457 to 1,439
    Sep 29, 2023 to Mar 28, 2024
  • Charity clients · 19 to 17
    Sep 29, 2023 to Mar 28, 2024
  • HNW clients · 163 to 187
    Sep 29, 2023 to Mar 28, 2024
  • Individual clients · 239 to 225
    Sep 29, 2023 to Mar 28, 2024
  • Pension plan clients · 85 to 75
    Sep 29, 2023 to Mar 28, 2024
  • Employees · 10 to 3
    Sep 29, 2023 to Mar 28, 2024
Signals
2 dated events
  • W••••• W••• B•••••• left H••••• A•• A••••••••• I••• for F••••••• A•••• M••••••••• L•• (registered 2025-11-12)
    Sep 17, 2025 · Advisor changed firm · fact
  • Josephine Danette Harfst (Chief Operating Officer) appeared on Schedule A of H••••• A•• A••••••••• I•••
    Mar 13, 2019 · Control person joined · 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
307-218-5667reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
541-488-0599reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
541-488-2634reportedpublished by the firm, firm site, Sep 15, 2026
Website
H•••://WWW.H•••••.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
307-218-5667reportedpublic record, Form ADV, Mar 25, 2026
Contact form
harfstandassociates.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
$261Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026