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•••••• F•••••••• A•••••••• L••
Latest filing Sep 16, 2026
First filing on the tape Mar 5, 2012 · 4 filings
SEC status approved since Aug 5, 2026
RAUM
$146M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
94%
$137M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$73.0M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
4 filings and snapshots on the tape
RAUM$146M as of Jul 24, 2026
Mar 5, 2012$58.5M then
HNW client RAUM: $63.1M
State-registered IARs (5.B.3)2 as of Jul 24, 2026
Mar 5, 20120 then
Employees (5.A): 4
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Sep 16, 2026; every figure names its basis
Archetypes, each a printed rule
- b••• affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $73.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 154derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.6MderivedHNW RAUM over HNW clients
- Average account
- $243,270derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 6.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, commissionsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, pension consultingreportedItem 5.G
- Ownership
- a bank, bancorp or trust company is a 50 percent or greater ownerderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is an insurance broker or agent (6.A.6)
- 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
- Individuals$73.6M50%
- High-net-worth individuals$63.1M43%
- Pension and profit-sharing plans$9.3M6.3%
- Individual clients
- 268reported
- HNW clients
- 40reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 600reported
- Financial planning clients
- n/areported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, commissionsreported
- Class basis
- private_client_share=0.94 fund_share=0.0 institutional_share=0.06 related_bd= related_bank= bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| R•••••• L•• N••••• | Grand Rapids, Mn | Nov 7, 2013 | 39 y | 1 |
| S•••• P•••••• S••••• | Grand Rapids, Mn | Oct 1, 2025 | 19 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- D••• A••• A•••• to S•••• R••• P•••••• T•••••• A•• W••••• M••••••••• L••Oct 12, 2020 · Other
Joined, latest
- S•••• P•••••• S••••• from C••••• I••••••••• A••••••• L••Oct 1, 2025 · Other
- R•••••• L•• N••••• from N•••• C•••••• F•••••••• A•••••••• I•••Nov 7, 2013 · Other
- D••• A••• A•••• from N•••• C•••••• F•••••••• A•••••••• I•••Aug 26, 2008 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- A••••• D•••• A••• · Chief Compliance Officercontrolsince 04/2008 · owns less than 5%
- N•••••• R••••••• L•• · Managing Membercontrolsince 04/2008 · owns less than 5%
- A••••• D•••• A••• · Ownercontrolsince 04/2008 · owns 50% to 75% of N•••• C•••••• F•••••••• A•••••••• I•••
- N•••••• R••••••• L•• · Ownercontrolsince 04/2008 · owns 50% to 75% of N•••• C•••••• F•••••••• A•••••••• I•••
- P••••••••• B•••• · Presidentcontrolsince 03/2007 · owns 25% to 50% of N•••••••• B•••
- C••••••• R•••••• D••• · Chief Financial Advisorsince 03/2008 · owns F of N•••••••• B•••
Entity owners
- N•••• C•••••• F•••••••• A•••••••• I••• · Ownerdirect · owns 25% to 50%
- N•••••••• B••• · Managing Memberdirect · owns 50% to 75%
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 |
|---|---|---|---|---|---|
| Grand Rapids, Mn · principal | 2 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Financial planning clients · to unsetJul 24, 2026 to Sep 16, 2026
- Related adviser · false to unsetJul 24, 2026 to Sep 16, 2026
- Related bank · false to unsetJul 24, 2026 to Sep 16, 2026
- Related broker-dealer · false to unsetJul 24, 2026 to Sep 16, 2026
- Related insurance company · false to unsetJul 24, 2026 to Sep 16, 2026
- Succession · false to unsetJul 24, 2026 to Sep 16, 2026
- Accounts · 620 to 600Mar 13, 2012 to Jul 24, 2026
- Advisory employees · unset to 3.0Mar 13, 2012 to Jul 24, 2026
- Advisory activities · 3 to 2Mar 13, 2012 to Jul 24, 2026
- HNW clients · unset to 40.0Mar 13, 2012 to Jul 24, 2026
- Individual clients · unset to 268.0Mar 13, 2012 to Jul 24, 2026
- Commission compensation · false to trueMar 13, 2012 to Jul 24, 2026
- Employees · unset to 4.0Mar 13, 2012 to Jul 24, 2026
- Financial planning clients · unset to Mar 13, 2012 to Jul 24, 2026
- State-registered IARs · 0 to 2Mar 13, 2012 to Jul 24, 2026
- Other offices · unset to 0.0Mar 13, 2012 to Jul 24, 2026
- Discretionary RAUM · $58.5M to $146MMar 13, 2012 to Jul 24, 2026
- HNW RAUM · unset to 63077716.0Mar 13, 2012 to Jul 24, 2026
- Individual RAUM · unset to 73616676.0Mar 13, 2012 to Jul 24, 2026
- Pension RAUM · unset to 9267316.0Mar 13, 2012 to Jul 24, 2026
- RAUM · $58.5M to $146MMar 13, 2012 to Jul 24, 2026
Signals
No event on the tape.
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
- m•••••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 17, 2026
- Business email
- r••@n•••••••••.comreportedpublished by the firm, firm site, Sep 17, 2026
- Business email
- c•••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 218-326-4722reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 218-326-4723reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 651-501-8973reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- N••••C••••••FINANCIAL.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 218-326-4722reportedpublic record, Form ADV, Sep 16, 2026
- Team page
- n•••••••••.comreportedpublished by the firm, firm site, Sep 17, 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
- $73.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026