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

F•••••••• A••••••• L••

Independent wealth managerOverland Park, KansasCRD 145800SEC 801-106933websiteIAPD
Latest filing Jan 5, 2026
First filing on the tape Nov 11, 2015 · 26 filings
SEC status approved since Nov 24, 2015
RAUM
$182M
reported, Item 5.F
Discretionary
56%
of RAUM
Private clients
99%
$180M individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$20.2M
derived; firm RAUM over IAPD count
Employees
9
9 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$182M as of Jan 5, 2026
Mar 4, 2016$113M then
HNW client RAUM$138M as of Jan 5, 2026
Feb 26, 2018$99.2M then
State-registered IARs (5.B.3)9 as of Jan 5, 2026
Mar 4, 20166 then
Employees (5.A)9 as of Jan 5, 2026
Mar 4, 20166 then
Private funds: no history
RAUM +14% over the last fiscal year+11% a year over threeIARs 9 to 9
Practice profile
derived from the filing of Jan 5, 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
RAUM per advisor
$20.2MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
27derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.7MderivedHNW RAUM over HNW clients
Average account
$286,359derivedRAUM over accounts (5.F.2.f)
Discretionary
56%derivedof RAUM
Institutional
0.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
2.3derived4 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
+3.8%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
Custody
$39.9M, 49 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)
  • compensates persons for client referrals (8.G.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$138M76%
  • Individuals$42.8M24%
  • Charitable organizations$951,8310.5%
  • Corporations and businesses$444,3920.2%
Individual clients
161reported
HNW clients
83reported
Pension plan clients
0reported
Charitable clients
n/areported
Accounts
635reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$39.9M for 49 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
9 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
T•• R•••••• H••••••••Overland Park, KsMar 20, 200818 y0
P•••• P•••••Medina, Tx Nov 18, 201030 y1
P••••• D•••• T•••••Overland Park, Ks May 8, 201314 y0
M•••••• E••••• T•••••Overland Park, KsFeb 16, 201735 y2
N••••• E•••••• H••••••Overland Park, KsSep 8, 201722 y0
M•••••• E•••••••• P••••Overland Park, KsMar 15, 201829 y0
L••••••• L••••• R•••Overland Park, KsJul 26, 201816 y0
D•••• M•••••• B••••Overland Park, KsJul 8, 202111 y0
K•••• B•••• H•••••••Overland Park, Ks Jan 8, 202513 y2
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • H••••••• N•••••• E•••••• · Member And Presidentcontrol
    since 01/2020 · owns 50% to 75%
  • P••••• M••••••• E•••••••• · Chief Financial Officer, Chief Compliance Officer & Membercontrol
    since 01/2019 · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Advisers that list F•••••••• A••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Overland Park, Ks · principal900
Offices
Schedule D 1.F, the 25 largest
  • , 1 employees
What changed
consecutive filings, newest first
  • Accounts · 608 to 635
    Jan 9, 2025 to Jan 5, 2026
  • HNW clients · 80 to 83
    Jan 9, 2025 to Jan 5, 2026
  • Individual clients · 155 to 161
    Jan 9, 2025 to Jan 5, 2026
  • Assets in custody · $38.9M to $39.9M
    Jan 9, 2025 to Jan 5, 2026
  • Financial planning clients · 51-100 to 101-250
    Jan 9, 2025 to Jan 5, 2026
  • Discretionary RAUM · $92.3M to $101M
    Jan 9, 2025 to Jan 5, 2026
  • HNW RAUM · $125M to $138M
    Jan 9, 2025 to Jan 5, 2026
  • Individual RAUM · $33.2M to $42.8M
    Jan 9, 2025 to Jan 5, 2026
  • Non-discretionary RAUM · $67.3M to $80.7M
    Jan 9, 2025 to Jan 5, 2026
  • RAUM · $160M to $182M
    Jan 9, 2025 to Jan 5, 2026
  • Accounts · 565 to 608
    Jul 9, 2024 to Jan 9, 2025
  • Advisory employees · 8 to 9
    Jul 9, 2024 to Jan 9, 2025
  • HNW clients · 55 to 80
    Jul 9, 2024 to Jan 9, 2025
  • Individual clients · 170 to 155
    Jul 9, 2024 to Jan 9, 2025
  • Assets in custody · $34.8M to $38.9M
    Jul 9, 2024 to Jan 9, 2025
  • Employees · 8 to 9
    Jul 9, 2024 to Jan 9, 2025
  • Financial planning clients · 51-100 to 51-100
    Jul 9, 2024 to Jan 9, 2025
  • State-registered IARs · 8 to 9
    Jul 9, 2024 to Jan 9, 2025
  • Other offices · 2 to 3
    Jul 9, 2024 to Jan 9, 2025
  • Discretionary RAUM · $80.5M to $92.3M
    Jul 9, 2024 to Jan 9, 2025
  • HNW RAUM · $92.8M to $125M
    Jul 9, 2024 to Jan 9, 2025
  • Individual RAUM · $40.6M to $33.2M
    Jul 9, 2024 to Jan 9, 2025
  • Non-discretionary RAUM · $54.3M to $67.3M
    Jul 9, 2024 to Jan 9, 2025
  • RAUM · $135M to $160M
    Jul 9, 2024 to Jan 9, 2025
  • Related insurance company · false to true
    Jul 9, 2024 to Jan 9, 2025
  • Accounts · 526 to 565
    Oct 19, 2023 to Jan 4, 2024
  • HNW clients · 54 to 55
    Oct 19, 2023 to Jan 4, 2024
  • Individual clients · 163 to 170
    Oct 19, 2023 to Jan 4, 2024
  • Assets in custody · unset to 34786141.0
    Oct 19, 2023 to Jan 4, 2024
  • Custody of client assets · false to true
    Oct 19, 2023 to Jan 4, 2024
  • Discretionary RAUM · $79.3M to $80.5M
    Oct 19, 2023 to Jan 4, 2024
  • HNW RAUM · $91.8M to $92.8M
    Oct 19, 2023 to Jan 4, 2024
  • Individual RAUM · $41.3M to $40.6M
    Oct 19, 2023 to Jan 4, 2024
  • Non-discretionary RAUM · $54.7M to $54.3M
    Oct 19, 2023 to Jan 4, 2024
  • RAUM · $134M to $135M
    Oct 19, 2023 to Jan 4, 2024
  • Accounts · 599 to 526
    Oct 5, 2022 to Jan 19, 2023
  • Advisory employees · 9 to 8
    Oct 5, 2022 to Jan 19, 2023
  • HNW clients · 43 to 54
    Oct 5, 2022 to Jan 19, 2023
  • Individual clients · 171 to 163
    Oct 5, 2022 to Jan 19, 2023
  • Employees · 9 to 8
    Oct 5, 2022 to Jan 19, 2023
Signals
5 dated events
  • Lee Brett Conley (Member) no longer on Schedule A of F•••••••• A••••••• L•• (listed 2021-02-10, absent 2021-08-02)
    Aug 2, 2021 · Control person left · inference
  • Russell Tom Halvorson (Member) no longer on Schedule A of F•••••••• A••••••• L•• (listed 2019-04-23, absent 2020-01-17)
    Jan 17, 2020 · Control person left · inference
  • Emerson Nathan Haskins (Member And President) appeared on Schedule A of F•••••••• A••••••• L••
    Jan 17, 2020 · Control person joined · fact
  • Eisenhour Melinda Parks (Chief Compliance Officer) appeared on Schedule A of F•••••••• A••••••• L••
    Jan 28, 2019 · Control person joined · fact
  • F•••••••• A••••••• L•• filed its initial SEC registration (Form ADV)
    Nov 11, 2015 · First SEC registration · 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 email
i•••@f•••••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
Business phone
888-399-3624reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
913-890-2065reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
316-682-5148reportedpublished by the firm, firm site, Sep 16, 2026
Firm profile
linkedin.com/company/freestate-advisors-llcreportedpublic record, Form ADV, Sep 19, 2026
Website
F••••••••ADVISORS.COMreportedpublic record, Form ADV, Sep 19, 2026
Principal office phone
913-890-2065reportedpublic record, Form ADV, Jan 5, 2026
Team page
f•••••••••.comreportedpublished 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
$20.2Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026