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
Confluence Investment Management LLC
Latest filing Mar 25, 2026
First filing on the tape Mar 12, 2012 · 24 filings
SEC status approved since Jan 10, 2008
RAUM
$6.7B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
92%
$6.2B individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$840M
derived; firm RAUM over IAPD count
Employees
55
25 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$6.7B as of Mar 25, 2026
Mar 12, 2012$1.4B then
HNW client RAUM$1.8B as of Mar 25, 2026
Mar 16, 2018$1.0B then
State-registered IARs (5.B.3)7 as of Mar 25, 2026
Feb 7, 20133 then
Employees (5.A)55 as of Mar 25, 2026
Feb 7, 201321 then
Private funds: no history
RAUM -7.3% over the last fiscal year-1.0% a year over threeIARs 15 to 7
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
Archetypes, each a printed rule
- Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
- RAUM per advisor
- $840MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 1,811derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.8MderivedHNW RAUM over HNW clients
- Average account
- $452,105derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 2.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 6.9derivedItem 5.A over advisors
- Advisors per office
- 2.0derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- -7.3%derivedbetween the last two annual amendments
- Advisor growth, one year
- -53%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -7.9%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, otherreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- 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)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$4.4B65%
- High-net-worth individuals$1.8B27%
- Corporations and businesses$321M4.8%
- Charitable organizations$114M1.7%
- Pension and profit-sharing plans$71.4M1.1%
- Investment companies$49.8M0.7%
- Individual clients
- 13,470reported
- HNW clients
- 1,016reported
- Pension plan clients
- 52reported
- Charitable clients
- 102reported
- Accounts
- 14,862reported
- Financial planning clients
- reported
- Wrap fee programs
- $0 sponsored, $5.1B managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.92 fund_share=0.01 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Mark Alan KellerChartered Financial Analyst | Saint Louis, Mo | May 21, 2008 | 44 y | 1 |
| David Brian MiyazakiChartered Financial Analyst | Saint Louis, Mo | Jun 2, 2008 | 26 y | 1 |
| Ronald William Pond | Solana Beach, Ca | Jul 16, 2012 | 41 y | 0 |
| Jason Oconner Gantt | Fairfield, Ct | Oct 10, 2017 | 20 y | 1 |
| Bonnie Beth Belskis | Naperville, Il | Jan 24, 2018 | 33 y | 3 |
| Matthew David Sinkovitz | Beachwood, Oh | May 3, 2018 | 24 y | 1 |
| Michael James Purcell | Winnetka, Il | Nov 12, 2018 | 28 y | 3 |
| Michael James Kelnosky | Webster Groves, Mo | Jul 29, 2020 | 25 y | 3 |
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
Left, latest
- Michael David Knowles to CaptrustJan 17, 2018 · Other
Joined, latest
- Michael James Kelnosky from Tortoise Credit Strategies, LLCJul 29, 2020 · Other
- Michael James Purcell from Manning & Napier Advisors, LLCNov 12, 2018 · Other
- Matthew David Sinkovitz from Gratry & Company, LLCMay 3, 2018 · RIA to RIA
- Bonnie Beth Belskis from First Trust Advisors LPJan 24, 2018 · Other
- Jason Oconner Gantt from Crossmark Global Investments, Inc.Oct 10, 2017 · Other
- Michael David Knowles from CaptrustAug 31, 2017 · Other
- David Brian Miyazaki from Gallatin Asset Management, Inc.Jun 2, 2008 · Other
- Mark Alan Keller from Gallatin Asset Management, Inc.May 21, 2008 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Annette Patricia Dahl · Svp And Cfocontrolsince 02/2008 · owns 5% to 10%
- Patrick Steven Farmer · Chief Compliance Officercontrolsince 07/2019 · owns less than 5%
- Neil Brian Hansen · President / Membercontrolsince 12/2007 · owns 25% to 50%
- Alan Mark Keller · Chief Executive Officer And Chief Investment Officer / Membercontrolsince 05/2008 · owns 25% to 50%
- Daniel William Ogrady · Advisory Director - Market Strategycontrolsince 11/2008 · owns less than 5%
- Thomas Daniel Winter · Svp And Cio - Value Equitiescontrolsince 05/2008 · owns 5% to 10%
- William Thomas Dugan · Vp And Portfolio Manager Equity Analystsince 12/2011 · owns less than 5%
- John Joseph Hanzlik · Svp And Equity Analystsince 12/2007 · owns 5% to 10%
- Andrew Dustin Hausladen · Vp And Equity Analystsince 09/2009 · owns less than 5%
- Brian David Miyazaki · Svp And Portfolio Managersince 05/2008 · owns 5% to 10%
- Lars Tore Stole · Vp And Director Of Research (Emeritus)since 09/2009 · owns less than 5%
- M John Wobbe · Vp, Director Of Research And Equity Analystsince 12/2011 · owns less than 5%
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 |
|---|---|---|---|---|---|
| Saint Louis, Mo · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- unusually high clients per advisorStatic outlier · filing Mar 25, 2026private clients per advisor of 1,810.8 against a peer median of 61.3 (231 comparable advisers, 99.0th percentile, 36.0 robust deviations)peers: independent wealth managers, $5B to $20B (231) · 99% percentile
- advisor count dropChange between filings · filing Mar 25, 2026advisory representatives (Item 5.B.3) moved from 15.0 to 7.0 (-53.0%) between the annual amendments of 2025-03-21 and 2026-03-25; the peer median change was +6.0% (220 comparable advisers, 3.0th percentile of changes)peers: independent wealth managers, $5B to $20B (220) · 2.7% percentile
What changed
consecutive filings, newest first
- Accounts · 16,134 to 14,862Mar 21, 2025 to Mar 25, 2026
- Advisory employees · 24 to 25Mar 21, 2025 to Mar 25, 2026
- Charity clients · 112 to 102Mar 21, 2025 to Mar 25, 2026
- Corporate clients · 236 to 220Mar 21, 2025 to Mar 25, 2026
- HNW clients · 1,055 to 1,016Mar 21, 2025 to Mar 25, 2026
- Individual clients · 14,671 to 13,470Mar 21, 2025 to Mar 25, 2026
- Pension plan clients · 58 to 52Mar 21, 2025 to Mar 25, 2026
- State-registered IARs · 15 to 7Mar 21, 2025 to Mar 25, 2026
- Discretionary RAUM · $7.3B to $6.7BMar 21, 2025 to Mar 25, 2026
- HNW RAUM · $1.9B to $1.8BMar 21, 2025 to Mar 25, 2026
- Individual RAUM · $4.7B to $4.4BMar 21, 2025 to Mar 25, 2026
- Pension RAUM · $83.0M to $71.4MMar 21, 2025 to Mar 25, 2026
- RAUM · $7.3B to $6.7BMar 21, 2025 to Mar 25, 2026
- Wrap assets (manager) · $5.5B to $5.1BMar 21, 2025 to Mar 25, 2026
- Accounts · 17,208 to 16,134Mar 21, 2024 to Mar 21, 2025
- Advisory employees · 23 to 24Mar 21, 2024 to Mar 21, 2025
- Charity clients · 129 to 112Mar 21, 2024 to Mar 21, 2025
- Corporate clients · 242 to 236Mar 21, 2024 to Mar 21, 2025
- HNW clients · 964 to 1,055Mar 21, 2024 to Mar 21, 2025
- Individual clients · 15,801 to 14,671Mar 21, 2024 to Mar 21, 2025
- Pension plan clients · 69 to 58Mar 21, 2024 to Mar 21, 2025
- Employees · 54 to 55Mar 21, 2024 to Mar 21, 2025
- Financial planning clients · unset to Mar 21, 2024 to Mar 21, 2025
- Discretionary RAUM · $7.2B to $7.3BMar 21, 2024 to Mar 21, 2025
- HNW RAUM · $1.7B to $1.9BMar 21, 2024 to Mar 21, 2025
- Individual RAUM · $4.8B to $4.7BMar 21, 2024 to Mar 21, 2025
- Pension RAUM · $82.4M to $83.0MMar 21, 2024 to Mar 21, 2025
- RAUM · $7.2B to $7.3BMar 21, 2024 to Mar 21, 2025
- Wrap assets (manager) · $5.5B to $5.5BMar 21, 2024 to Mar 21, 2025
- Accounts · 17,616 to 17,208Mar 9, 2023 to Mar 21, 2024
- Charity clients · 126 to 129Mar 9, 2023 to Mar 21, 2024
- Corporate clients · 263 to 242Mar 9, 2023 to Mar 21, 2024
- HNW clients · 838 to 964Mar 9, 2023 to Mar 21, 2024
- Individual clients · 16,310 to 15,801Mar 9, 2023 to Mar 21, 2024
- Pension plan clients · 76 to 69Mar 9, 2023 to Mar 21, 2024
- Employees · 47 to 54Mar 9, 2023 to Mar 21, 2024
- Discretionary RAUM · $6.9B to $7.2BMar 9, 2023 to Mar 21, 2024
- HNW RAUM · $1.6B to $1.7BMar 9, 2023 to Mar 21, 2024
- Individual RAUM · $4.7B to $4.8BMar 9, 2023 to Mar 21, 2024
- Pension RAUM · $82.1M to $82.4MMar 9, 2023 to Mar 21, 2024
Signals
7 dated events
- Confluence Investment Management Llc reported RAUM $7.0B, up 28% from $5.5B (2019-07-12 to 2020-03-09)Mar 9, 2020 · RAUM change · derived
- Steele Anne Kochevar (Chief Compliance Officer) no longer on Schedule A of Confluence Investment Management Llc (listed 2019-06-03, absent 2019-07-12)Jul 12, 2019 · Control person left · inference
- Patrick Steven Farmer (Chief Compliance Officer) appeared on Schedule A of Confluence Investment Management LlcJul 12, 2019 · Control person joined · fact
- Confluence Investment Management Llc reported RAUM $5.5B, down 30% from $7.9B (2019-03-27 to 2019-06-03)Jun 3, 2019 · RAUM change · derived
- Confluence Investment Management Llc reported succeeding to the business of Another Adviser (Form ADV Item 4)May 21, 2018 · Succession (Item 4) · fact
- Confluence Investment Management Llc reported RAUM $8.3B, up 34% from $6.2B (2017-03-10 to 2018-03-16)Mar 16, 2018 · RAUM change · derived
- Confluence Investment Management Llc reported 14 state-registered advisory representatives, up from 4 (2017-03-10 to 2018-03-16)Mar 16, 2018 · Advisor headcount 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.
How to reach
public business contact points only, each with its source
- Business email
- info@confluenceim.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 314-743-5090reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 314-743-5205reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/CONFLUENCE-INVESTMENT-MANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
- Website
- CONFLUENCEIM.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 314-743-5090reportedpublic record, Form ADV, Mar 25, 2026
- Contact form
- confluenceinvestment.com/contact-usreportedpublished 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
- $840Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026