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
N•••••••• C•••••• M•••••••••
Legal name N•••••••• C•••••• M••••••••• L••
Latest filing Jul 16, 2026
First filing on the tape Jan 20, 2012 · 21 filings
SEC status approved since Apr 10, 2020
RAUM
$235M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$233M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$78.3M
derived; firm RAUM over IAPD count
Employees
6
3 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$235M as of Jul 16, 2026
Jan 20, 2012$35.9M then
HNW client RAUM$134M as of Jul 16, 2026
Mar 13, 2020$48.8M then
State-registered IARs (5.B.3)3 as of Jul 16, 2026
Jan 20, 20120 then
Employees (5.A)6 as of Jul 16, 2026
Mar 13, 20203 then
Private funds: no history
RAUM +20% over the last fiscal year+15% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Jul 16, 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
- $78.3MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 94derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.6MderivedHNW RAUM over HNW clients
- Average account
- $426,413derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 1.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +20%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +3.3%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 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$134M57%
- Individuals$99.5M42%
- State and municipal entities$1.5M0.6%
- Individual clients
- 196reported
- HNW clients
- 85reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 551reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, hourlyreported
- 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
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| C••••••••• A••••• E••••••• | Virginia, Mn | Nov 1, 2013 | 32 y | 2 |
| J•••• B• P• J•••••• | Virginia, Mn | Aug 18, 2016 | 10 y | 0 |
| A••••• G• R••••• | Virginia, Mn | Jul 2, 2021 | 19 y | 0 |
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
none on the tape
Joined, latest
- C••••••••• A••••• E••••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Apr 7, 2009 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- E•••••••• C••••••••• A••••• · President/Chief Compliance Officercontrolsince 06/2008 · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Virginia, Mn · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Duluth, MN3 employees
What changed
consecutive filings, newest first
- Accounts · 531 to 551Mar 3, 2025 to Feb 5, 2026
- HNW clients · 66 to 85Mar 3, 2025 to Feb 5, 2026
- Individual clients · 206 to 196Mar 3, 2025 to Feb 5, 2026
- Discretionary RAUM · $196M to $235MMar 3, 2025 to Feb 5, 2026
- HNW RAUM · $97.2M to $134MMar 3, 2025 to Feb 5, 2026
- Individual RAUM · $96.5M to $99.5MMar 3, 2025 to Feb 5, 2026
- RAUM · $196M to $235MMar 3, 2025 to Feb 5, 2026
- Accounts · 499 to 531Mar 21, 2024 to Mar 3, 2025
- HNW clients · 57 to 66Mar 21, 2024 to Mar 3, 2025
- Individual clients · 204 to 206Mar 21, 2024 to Mar 3, 2025
- Financial planning clients · 51-100 to 101-250Mar 21, 2024 to Mar 3, 2025
- Discretionary RAUM · $174M to $196MMar 21, 2024 to Mar 3, 2025
- HNW RAUM · $82.0M to $97.2MMar 21, 2024 to Mar 3, 2025
- Individual RAUM · $89.8M to $96.5MMar 21, 2024 to Mar 3, 2025
- RAUM · $174M to $196MMar 21, 2024 to Mar 3, 2025
- Accounts · 517 to 499Oct 4, 2023 to Mar 21, 2024
- HNW clients · 51 to 57Oct 4, 2023 to Mar 21, 2024
- Individual clients · 228 to 204Oct 4, 2023 to Mar 21, 2024
- Discretionary RAUM · $155M to $174MOct 4, 2023 to Mar 21, 2024
- HNW RAUM · $65.7M to $82.0MOct 4, 2023 to Mar 21, 2024
- Individual RAUM · $87.2M to $89.8MOct 4, 2023 to Mar 21, 2024
- RAUM · $155M to $174MOct 4, 2023 to Mar 21, 2024
- Accounts · 501 to 517Mar 30, 2022 to Mar 21, 2023
- HNW clients · 50 to 51Mar 30, 2022 to Mar 21, 2023
- Individual clients · 224 to 228Mar 30, 2022 to Mar 21, 2023
- Discretionary RAUM · $152M to $155MMar 30, 2022 to Mar 21, 2023
- HNW RAUM · $66.5M to $65.7MMar 30, 2022 to Mar 21, 2023
- Individual RAUM · $82.8M to $87.2MMar 30, 2022 to Mar 21, 2023
- RAUM · $152M to $155MMar 30, 2022 to Mar 21, 2023
- Accounts · 493 to 501Nov 26, 2021 to Feb 10, 2022
- Individual clients · 222 to 224Nov 26, 2021 to Feb 10, 2022
- Financial planning clients · 26-50 to 51-100Nov 26, 2021 to Feb 10, 2022
- Discretionary RAUM · $151M to $152MNov 26, 2021 to Feb 10, 2022
- HNW RAUM · $65.9M to $66.5MNov 26, 2021 to Feb 10, 2022
- Individual RAUM · $82.3M to $82.8MNov 26, 2021 to Feb 10, 2022
- RAUM · $151M to $152MNov 26, 2021 to Feb 10, 2022
- Accounts · 482 to 493Sep 19, 2021 to Nov 26, 2021
- HNW clients · 49 to 50Sep 19, 2021 to Nov 26, 2021
- Individual clients · 216 to 222Sep 19, 2021 to Nov 26, 2021
- Discretionary RAUM · $148M to $151MSep 19, 2021 to Nov 26, 2021
Signals
1 dated events
- N•••••••• C•••••• M••••••••• filed its initial SEC registration (Form ADV)Mar 12, 2020 · 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 phone
- 218-722-0866reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 218-741-5390reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- N••••••••CAP.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 218-741-5390reportedpublic record, Form ADV, Jul 16, 2026
- Contact form
- n•••••••••.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
- $78.3Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026