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Former SEC-registered adviser

R•••• G••• W••••• C•••••••••

Former SEC-registered adviserWest Des Moines, IowaCRD 147012SEC 801-106643IAPD
Legal name V•••••••• L••
Latest filing Jan 4, 2024
First filing on the tape Mar 16, 2012 · 20 filings
RAUM
$242M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
99%
$239M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$242M as of Feb 13, 2023
Mar 16, 2012$60.1M then
HNW client RAUM$214M as of Feb 13, 2023
Feb 28, 2018$138M then
State-registered IARs (5.B.3)4 as of Feb 13, 2023
Mar 16, 20120 then
Employees (5.A)4 as of Feb 13, 2023
Feb 15, 20163 then
Private funds: no history
RAUM -14% over the last fiscal year+8.7% a year over threeIARs 4 to 3
Practice profile
derived from the filing of Jan 4, 2024; every figure names its basis
RAUM per advisor
$80.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
47derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.2MderivedHNW RAUM over HNW clients
Average account
$412,729derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
1.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-14%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+6.8%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
Custody
$47.4M, 25 clientsreportedItem 9.A
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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$214M88%
  • Individuals$25.3M10%
  • Pension and profit-sharing plans$2.8M1.2%
Individual clients
76reported
HNW clients
66reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
586reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$47.4M for 25 clientsreported
Compensation
% of AUM, fixed, hourlyreported
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
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • B•••••• M••••••• D••• · Managing Member And Chief Compliance Officercontrol
      since 08/2006 · owns less than 5%
    Entity owners
    • M••••• G••••• A••••••• I••• · Parent Company
      direct · 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
    OfficeAdvisorsJoinedLeftTeams outForming
    West Des Moines, Ia · principal000
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Advisory employees · 4 to 3
      Aug 17, 2023 to Jan 4, 2024
    • Employees · 4 to 3
      Aug 17, 2023 to Jan 4, 2024
    • State-registered IARs · 4 to 3
      Aug 17, 2023 to Jan 4, 2024
    • Accounts · 530 to 586
      May 26, 2022 to Feb 13, 2023
    • HNW clients · 72 to 66
      May 26, 2022 to Feb 13, 2023
    • Individual clients · 61 to 76
      May 26, 2022 to Feb 13, 2023
    • Assets in custody · $47.8M to $47.4M
      May 26, 2022 to Feb 13, 2023
    • Discretionary RAUM · $276M to $239M
      May 26, 2022 to Feb 13, 2023
    • HNW RAUM · $253M to $214M
      May 26, 2022 to Feb 13, 2023
    • Individual RAUM · $22.9M to $25.3M
      May 26, 2022 to Feb 13, 2023
    • Non-discretionary RAUM · $5.1M to $2.8M
      May 26, 2022 to Feb 13, 2023
    • Pension RAUM · $5.1M to $2.8M
      May 26, 2022 to Feb 13, 2023
    • RAUM · $281M to $242M
      May 26, 2022 to Feb 13, 2023
    • Accounts · 456 to 530
      Feb 10, 2021 to Feb 8, 2022
    • HNW clients · 58 to 72
      Feb 10, 2021 to Feb 8, 2022
    • Individual clients · 50 to 61
      Feb 10, 2021 to Feb 8, 2022
    • Assets in custody · $24.2M to $47.8M
      Feb 10, 2021 to Feb 8, 2022
    • Financial planning clients · 51-100 to 101-250
      Feb 10, 2021 to Feb 8, 2022
    • Discretionary RAUM · $226M to $276M
      Feb 10, 2021 to Feb 8, 2022
    • HNW RAUM · $204M to $253M
      Feb 10, 2021 to Feb 8, 2022
    • Individual RAUM · $21.3M to $22.9M
      Feb 10, 2021 to Feb 8, 2022
    • Non-discretionary RAUM · $4.5M to $5.1M
      Feb 10, 2021 to Feb 8, 2022
    • Pension RAUM · $4.5M to $5.1M
      Feb 10, 2021 to Feb 8, 2022
    • RAUM · $230M to $281M
      Feb 10, 2021 to Feb 8, 2022
    • Accounts · 442 to 456
      Jun 9, 2020 to Feb 10, 2021
    • Advisory employees · 3 to 4
      Jun 9, 2020 to Feb 10, 2021
    • HNW clients · 52 to 58
      Jun 9, 2020 to Feb 10, 2021
    • Individual clients · 58 to 50
      Jun 9, 2020 to Feb 10, 2021
    • Assets in custody · $17.3M to $24.2M
      Jun 9, 2020 to Feb 10, 2021
    • State-registered IARs · 3 to 4
      Jun 9, 2020 to Feb 10, 2021
    • Discretionary RAUM · $183M to $226M
      Jun 9, 2020 to Feb 10, 2021
    • HNW RAUM · $162M to $204M
      Jun 9, 2020 to Feb 10, 2021
    • Individual RAUM · $22.1M to $21.3M
      Jun 9, 2020 to Feb 10, 2021
    • Non-discretionary RAUM · $4.9M to $4.5M
      Jun 9, 2020 to Feb 10, 2021
    • Pension RAUM · $3.7M to $4.5M
      Jun 9, 2020 to Feb 10, 2021
    • RAUM · $188M to $230M
      Jun 9, 2020 to Feb 10, 2021
    • Accounts · 470 to 442
      Feb 25, 2019 to Mar 3, 2020
    • HNW clients · 45 to 52
      Feb 25, 2019 to Mar 3, 2020
    • Individual clients · 69 to 58
      Feb 25, 2019 to Mar 3, 2020
    • Assets in custody · $14.6M to $17.3M
      Feb 25, 2019 to Mar 3, 2020
    Signals
    5 dated events
    • L••••• M••••••• K••••• left R•••• G••• W••••• C••••••••• for M••••• G••••• A••••••• I••• (registered 2024-01-16)
      Mar 21, 2024 · Advisor changed firm · fact
    • M•••••• D••• B••••• left R•••• G••• W••••• C••••••••• for M••••• G••••• A••••••• I••• (registered 2024-01-12)
      Mar 21, 2024 · Advisor changed firm · fact
    • 2 advisors left R•••• G••• W••••• C••••••••• (West Des Moines, IA) for M••••• G••••• A••••••• I••• on the same day
      Mar 21, 2024 · Team lift-out · derived
    • C••• M•••••• left R•••• G••• W••••• C••••••••• for N••••••••• M••••• I••••••••• S••••••••• (registered 2024-03-20)
      Aug 17, 2023 · Advisor changed firm · fact
    • R•••• G••• W••••• C••••••••• filed its initial SEC registration (Form ADV)
      Sep 3, 2015 · 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.
    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