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.

Former SEC-registered adviser

Timpani Capital Management LLC

Former SEC-registered adviserMilwaukee, WisconsinCRD 145810SEC 801-68625IAPD
Latest filing Mar 28, 2019
First filing on the tape Mar 23, 2012 · 12 filings
RAUM
$507M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.5%
$2.5M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
9
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$507M as of Mar 28, 2019
Mar 23, 2012$119M then
HNW client RAUM$2.5M as of Mar 28, 2019
Mar 19, 2018$2.8M then
State-registered IARs (5.B.3)1 as of Mar 28, 2019
Mar 25, 20131 then
Employees (5.A)9 as of Mar 28, 2019
Mar 25, 20139 then
Private funds: no history
RAUM -17% over the last fiscal year+30% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 28, 2019; every figure names its basis
RAUM per advisor
$507MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$492,902derivedHNW RAUM over HNW clients
Average account
$39.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
30%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
9.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-17%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 assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, otherreportedItem 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$311M61%
  • Pension and profit-sharing plans$148M29%
  • Pooled investment vehicles$33.4M6.6%
  • Corporations and businesses$7.6M1.5%
  • Charitable organizations$4.8M0.9%
  • High-net-worth individuals$2.5M0.5%
Individual clients
n/areported
HNW clients
5reported
Pension plan clients
1reported
Charitable clients
1reported
Accounts
13reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Donald William Forsyth · Vice President As Of 8/2015; Director As Of 4/2008control
        since 11/2007 · owns less than 5%
      • Bruce Ryan Isherwood · Vice President; Directorcontrol
        since 08/2015 · owns less than 5%
      • Michael Brandon Nelson · President As Of 8/2015; Chief Investment Officer; Directorcontrol
        since 04/2008 · owns less than 5%
      • Alan Mark Ziehr · Secretary, Chief Financial Officer As Of 3/2010control
        since 08/2008 · owns less than 5%
      • Donald William Forsyth · Membercontrol
        since 04/2008 · owns 50% to 75% of Frontier One LLC
      • Michael Brandon Nelson · Managing Member As Of 8/2015control
        since 04/2008 · owns 50% to 75% of Growth Investment Managers LLC
      • Alan Christopher Currie · Chief Compliance Officer
        since 02/2015 · owns less than 5%
      Entity owners
      • Frontier One LLC · Member
        direct · owns 25% to 50%
      • Growth Investment Managers LLC · Managing Member As Of 8/2015
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 14 to 13
        Mar 19, 2018 to Mar 28, 2019
      • Pooled vehicle clients · 2 to 1
        Mar 19, 2018 to Mar 28, 2019
      • Employees · 10 to 9
        Mar 19, 2018 to Mar 28, 2019
      • Discretionary RAUM · $612M to $507M
        Mar 19, 2018 to Mar 28, 2019
      • HNW RAUM · $2.8M to $2.5M
        Mar 19, 2018 to Mar 28, 2019
      • Pension RAUM · $142M to $148M
        Mar 19, 2018 to Mar 28, 2019
      • Pooled vehicle RAUM · $142M to $33.4M
        Mar 19, 2018 to Mar 28, 2019
      • RAUM · $612M to $507M
        Mar 19, 2018 to Mar 28, 2019
      • Accounts · 9 to 14
        Aug 4, 2017 to Mar 19, 2018
      • Charity clients · unset to 1.0
        Aug 4, 2017 to Mar 19, 2018
      • Corporate clients · unset to 1.0
        Aug 4, 2017 to Mar 19, 2018
      • HNW clients · unset to 5.0
        Aug 4, 2017 to Mar 19, 2018
      • Pension plan clients · unset to 1.0
        Aug 4, 2017 to Mar 19, 2018
      • Pooled vehicle clients · unset to 2.0
        Aug 4, 2017 to Mar 19, 2018
      • Employees · 9 to 10
        Aug 4, 2017 to Mar 19, 2018
      • Other offices · unset to 0.0
        Aug 4, 2017 to Mar 19, 2018
      • Discretionary RAUM · $437M to $612M
        Aug 4, 2017 to Mar 19, 2018
      • HNW RAUM · unset to 2774823.0
        Aug 4, 2017 to Mar 19, 2018
      • Pension RAUM · unset to 142009194.0
        Aug 4, 2017 to Mar 19, 2018
      • Pooled vehicle RAUM · unset to 141564798.0
        Aug 4, 2017 to Mar 19, 2018
      • RAUM · $437M to $612M
        Aug 4, 2017 to Mar 19, 2018
      • Accounts · 8 to 9
        Mar 23, 2016 to Mar 24, 2017
      • BD registered reps · 4 to 3
        Mar 23, 2016 to Mar 24, 2017
      • Employees · 10 to 9
        Mar 23, 2016 to Mar 24, 2017
      • Discretionary RAUM · $232M to $437M
        Mar 23, 2016 to Mar 24, 2017
      • RAUM · $232M to $437M
        Mar 23, 2016 to Mar 24, 2017
      • Accounts · 6 to 8
        Sep 9, 2015 to Mar 23, 2016
      • Discretionary RAUM · $274M to $232M
        Sep 9, 2015 to Mar 23, 2016
      • RAUM · $274M to $232M
        Sep 9, 2015 to Mar 23, 2016
      • Accounts · 5 to 6
        Feb 12, 2015 to Sep 9, 2015
      • Advisory activities · 4 to 5
        Feb 12, 2015 to Sep 9, 2015
      • Discretionary RAUM · $257M to $274M
        Feb 12, 2015 to Sep 9, 2015
      • RAUM · $257M to $274M
        Feb 12, 2015 to Sep 9, 2015
      • Discretionary RAUM · $203M to $257M
        Sep 12, 2014 to Feb 12, 2015
      • RAUM · $203M to $257M
        Sep 12, 2014 to Feb 12, 2015
      • Accounts · 4 to 5
        Jul 8, 2013 to Mar 19, 2014
      • BD registered reps · 3 to 4
        Jul 8, 2013 to Mar 19, 2014
      • Employees · 9 to 10
        Jul 8, 2013 to Mar 19, 2014
      • Discretionary RAUM · $137M to $203M
        Jul 8, 2013 to Mar 19, 2014
      • RAUM · $137M to $203M
        Jul 8, 2013 to Mar 19, 2014
      Signals
      1 dated events
      • Timpani Capital Management Llc reported RAUM $612.0M, up 40% from $437.3M (2017-08-04 to 2018-03-19)
        Mar 19, 2018 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      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
      Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026