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
Lsia
Legal name Ls Investment Advisors, LLC
Latest filing Jun 3, 2026
First filing on the tape Mar 28, 2012 · 45 filings
SEC status approved since Jul 11, 2008
RAUM
$932M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
81%
$759M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$233M
derived; firm RAUM over IAPD count
Employees
10
4 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
45 filings and snapshots on the tape
RAUM$932M as of Jun 3, 2026
Mar 28, 2012$1.0B then
HNW client RAUM$735M as of Jun 3, 2026
Mar 30, 2018$596M then
State-registered IARs (5.B.3)4 as of Jun 3, 2026
Mar 28, 20136 then
Employees (5.A)10 as of Jun 3, 2026
Mar 28, 201311 then
Private funds: no history
RAUM +1.8% over the last fiscal year+8.2% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Jun 3, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- $233MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 43derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.6MderivedHNW RAUM over HNW clients
- Average account
- $2.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 14%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.5derivedItem 5.A over advisors
- Advisors per office
- 1.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +1.8%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -2.8%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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)
- 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
- High-net-worth individuals$735M79%
- Charitable organizations$78.7M8.4%
- Corporations and businesses$43.6M4.7%
- Insurance companies$33.1M3.6%
- Individuals$24.5M2.6%
- Pension and profit-sharing plans$17.7M1.9%
- Individual clients
- 41reported
- HNW clients
- 131reported
- Pension plan clients
- 2reported
- Charitable clients
- 8reported
- Accounts
- 432reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.81 fund_share=0.0 institutional_share=0.14 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Mark Andrew ShankChartered Financial Analyst | Milwaukee, Wi | Jul 11, 2008 | 29 y | 2 |
| Daniel Joseph KostaroffCertified Financial Planner, Chartered Financial Analyst | Bloomfield Hills, Mi | Jul 2, 2010 | 17 y | 0 |
| Brian Andrew Shank | Milwaukee, Wi | Oct 3, 2021 | 10 y | 2 |
| Martha Ann Wurzburger | Milwaukee, Wi | May 5, 2022 | 25 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
- Karen Lynn Mcclintock to Robertson StephensOct 6, 2021 · RIA to RIA
- David James Jones to Yousif Capital Management, LLCApr 1, 2021 · Other
- Kevin Khairi Yousif to Yousif Capital Management, LLCApr 1, 2021 · Other
Joined, latest
- Brian Andrew Shank from Robert W. Baird & Co. IncorporatedOct 3, 2021 · RIA to RIA
- David James Jones from World Asset Management, Inc.Nov 19, 2014 · Other
- Kevin Khairi Yousif from World Asset Management, Inc.Jun 23, 2011 · Other
- Karen Lynn Mcclintock from Natixis Advisors, LLCJul 11, 2008 · Other
- Mark Andrew Shank from Natixis Advisors, LLCJul 11, 2008 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for Yousif Capital Management, LLCApr 1, 2021 · Bloomfield Hills, Mi
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Michele Kristine Hollister · Executive Committee Member, Chief Business Officer, Ownercontrolsince 09/2021 · owns 10% to 25%
- Lynn Joann Kayser · Executive Committee Member, Chief Compliance Officer, Coo, Ownercontrolsince 06/2022 · owns 10% to 25%
- Joseph Daniel Kostaroff · Executive Committee Member, President, Ownercontrolsince 10/2021 · owns 10% to 25%
- Andrew Mark Shank · Executive Committee Member, Ownercontrolsince 02/2008 · owns 25% to 50%
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 |
|---|---|---|---|---|---|
| Milwaukee, Wi | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Milwaukee, WI4 employees
- Coral Springs, FL1 employees
What changed
consecutive filings, newest first
- Accounts · 410 to 432Apr 30, 2025 to Feb 26, 2026
- HNW clients · 125 to 131Apr 30, 2025 to Feb 26, 2026
- Individual clients · 52 to 41Apr 30, 2025 to Feb 26, 2026
- Discretionary RAUM · $916M to $932MApr 30, 2025 to Feb 26, 2026
- HNW RAUM · $719M to $735MApr 30, 2025 to Feb 26, 2026
- Individual RAUM · $34.5M to $24.5MApr 30, 2025 to Feb 26, 2026
- Pension RAUM · $15.4M to $17.7MApr 30, 2025 to Feb 26, 2026
- RAUM · $916M to $932MApr 30, 2025 to Feb 26, 2026
- Accounts · 357 to 410Aug 27, 2024 to Apr 30, 2025
- Advisory employees · 5 to 4Aug 27, 2024 to Apr 30, 2025
- Corporate clients · 9 to 8Aug 27, 2024 to Apr 30, 2025
- HNW clients · 120 to 125Aug 27, 2024 to Apr 30, 2025
- Individual clients · 49 to 52Aug 27, 2024 to Apr 30, 2025
- Employees · 12 to 10Aug 27, 2024 to Apr 30, 2025
- Financial planning clients · 101-250 to 101-250Aug 27, 2024 to Apr 30, 2025
- State-registered IARs · 5 to 4Aug 27, 2024 to Apr 30, 2025
- Discretionary RAUM · $803M to $916MAug 27, 2024 to Apr 30, 2025
- HNW RAUM · $626M to $719MAug 27, 2024 to Apr 30, 2025
- Individual RAUM · $29.4M to $34.5MAug 27, 2024 to Apr 30, 2025
- Pension RAUM · $13.5M to $15.4MAug 27, 2024 to Apr 30, 2025
- RAUM · $803M to $916MAug 27, 2024 to Apr 30, 2025
- Accounts · 344 to 357Sep 12, 2023 to Mar 4, 2024
- Charity clients · 10 to 8Sep 12, 2023 to Mar 4, 2024
- Corporate clients · 8 to 9Sep 12, 2023 to Mar 4, 2024
- HNW clients · 116 to 120Sep 12, 2023 to Mar 4, 2024
- Individual clients · 48 to 49Sep 12, 2023 to Mar 4, 2024
- Pension plan clients · 5 to 2Sep 12, 2023 to Mar 4, 2024
- Discretionary RAUM · $736M to $803MSep 12, 2023 to Mar 4, 2024
- HNW RAUM · $536M to $626MSep 12, 2023 to Mar 4, 2024
- Individual RAUM · $31.1M to $29.4MSep 12, 2023 to Mar 4, 2024
- Pension RAUM · $37.3M to $13.5MSep 12, 2023 to Mar 4, 2024
- RAUM · $736M to $803MSep 12, 2023 to Mar 4, 2024
- Accounts · 321 to 344Oct 20, 2022 to Mar 15, 2023
- Charity clients · 11 to 10Oct 20, 2022 to Mar 15, 2023
- Corporate clients · 7 to 8Oct 20, 2022 to Mar 15, 2023
- HNW clients · 113 to 116Oct 20, 2022 to Mar 15, 2023
- Individual clients · 45 to 48Oct 20, 2022 to Mar 15, 2023
- Pension plan clients · 7 to 5Oct 20, 2022 to Mar 15, 2023
- Employees · 10 to 12Oct 20, 2022 to Mar 15, 2023
- Discretionary RAUM · $913M to $736MOct 20, 2022 to Mar 15, 2023
Signals
5 dated events
- Edwin Jay Van Cleave (Executive Committee Member/Wealth Advisor) no longer on Schedule A of Lsia (listed 2022-10-20, absent 2023-03-15)Mar 15, 2023 · Control person left · inference
- Lynn Karen Mcclintock (Former Employee) no longer on Schedule A of Lsia (listed 2021-12-09, absent 2022-03-31)Mar 31, 2022 · Control person left · inference
- Lsia reported RAUM $1.0B, down 84% from $6.4B (2021-03-31 to 2021-05-07)May 7, 2021 · RAUM change · derived
- Francis William Camp (Retired) no longer on Schedule A of Lsia (listed 2020-06-22, absent 2020-11-23)Nov 23, 2020 · Control person left · inference
- Lsia reported RAUM $5.6B, up 57% from $3.6B (2017-03-30 to 2018-03-30)Mar 30, 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.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/lsiawealthreportedpublic record, Form ADV, Sep 17, 2026
- Website
- my-lsia.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 414-459-1759reportedpublic record, Form ADV, Jun 3, 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
- $233Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026