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
Rda Financial Network
Legal name Rda Financial Network, Inc.
Latest filing Jul 15, 2026
First filing on the tape Mar 20, 2012 · 47 filings
SEC status approved since Oct 16, 2008
RAUM
$675M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$668M individuals and HNW
Advisors
17
registered through the firm on IAPD
RAUM per advisor
$39.7M
derived; firm RAUM over IAPD count
Employees
17
17 advisory (5.B.1)
Offices
16
beyond the principal office
Private funds
0
reported on Schedule D
History
47 filings and snapshots on the tape
RAUM$675M as of Jul 15, 2026
Mar 20, 2012$583M then
HNW client RAUM$118M as of Jul 15, 2026
Mar 29, 2018$84.0M then
State-registered IARs (5.B.3)17 as of Jul 15, 2026
Apr 3, 201340 then
Employees (5.A)17 as of Jul 15, 2026
Apr 3, 201340 then
Private funds: no history
RAUM +17% over the last fiscal year+15% a year over threeIARs 18 to 17
Practice profile
derived from the filing of Jul 15, 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
- $39.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 89derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.5MderivedHNW RAUM over HNW clients
- Average account
- $443,602derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived17 offices incl. principal (1.F.5)
- RAUM growth, one year
- +17%derivedbetween the last two annual amendments
- Advisor growth, one year
- -5.6%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +3.0%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Custody
- $2.3M, 7 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
- is an insurance broker or agent (6.A.6)
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$550M81%
- High-net-worth individuals$118M18%
- Charitable organizations$4.3M0.6%
- Corporations and businesses$2.6M0.4%
- Individual clients
- 1,488reported
- HNW clients
- 26reported
- Pension plan clients
- 0reported
- Charitable clients
- 2reported
- Accounts
- 1,522reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- $0 sponsored, $80.6M managedreported
- Custody of client assets
- $2.3M for 7 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=true related_bank=false bd_reps=7.0derived
Advisors registered through the firm
17 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Christopher Wayne Arthur | Coralville, Ia | May 19, 2008 | 19 y | 1 |
| John Wayne ArthurChartered Financial Consultant | Coralville, Ia | May 19, 2008 | 44 y | 5 |
| Michael Willmar Forbrook | Stockton, Il | May 21, 2008 | 41 y | 2 |
| Duane M Roth | O'Fallon, Il | May 21, 2008 | 43 y | 1 |
| Michael Anne Brannen | West Chester, Oh | Aug 26, 2008 | 30 y | 1 |
| Michael Ellis Lasovage | Hilton Head, Sc | Oct 2, 2008 | 56 y | 1 |
| Chad David Ericson | Akron, Ia | Feb 11, 2011 | 26 y | 1 |
| Richard J. Ryan | Mason City, Ia | Mar 16, 2011 | 21 y | 0 |
| Thomas Hale McbrideCertified Financial Planner | Des Moines, Ia | Oct 7, 2011 | 46 y | 3 |
| Dale Allan Dobnicker | Liberty Twnshp, Oh | Jul 30, 2014 | 12 y | 0 |
| Robert A LasovageChartered Financial Analyst | Birmingham, Mi | Dec 23, 2016 | 16 y | 0 |
| Gregory Gifford Giles | Sioux City, Ia | Jun 9, 2017 | 25 y | 1 |
| Brian Daniel ParkerChartered Financial Consultant | Covington, La | Sep 20, 2018 | 41 y | 4 |
| Robert T Reidelberger | O'Fallon, Il | Aug 6, 2019 | 13 y | 2 |
| Samuel M Chadick | Overland Park, Ks | Nov 24, 2020 | 12 y | 0 |
| Matthew Lewis Glenn | Akron, Ia | Jun 29, 2022 | 16 y | 0 |
| Jacob Christopher Chadick | Overland Park, Ks | Feb 13, 2025 | 12 y | 1 |
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 headcount1 left over 36 months
Left, latest
- Devory Alicia Fischer to Cetera Investment Advisers LLCJan 3, 2025 · RIA to affiliated broker-dealer or bank
- Austin D. Hoag to Fidelity Personal And Workplace AdvisorsAug 4, 2022 · RIA to affiliated broker-dealer or bank
- David J Willeumier to Strategic Asset Management LLC.Mar 10, 2021 · RIA to RIA
- David Lester Darner to Strategic Asset Management LLC.Nov 20, 2020 · RIA to RIA
- Susan Marshall Mims to Strategic Asset Management LLC.Oct 5, 2020 · RIA to RIA
- Monica Rae Mims to Strategic Asset Management LLC.Oct 5, 2020 · RIA to RIA
- Wade Michael Johnson to Star Capital Inc.Aug 29, 2019 · RIA to RIA
- Chawn Francis Honkomp to Merkle Retirement PlanningJul 10, 2019 · RIA to RIA
- Jason Wayne Shaw to Bsc Capital Partners, LLCDec 6, 2017 · Other
- Nathan Andrew Lovik to Star Capital Inc.Oct 3, 2017 · Other
- Bradley Joseph Bobb to Bobb Financial IncorporatedJul 7, 2017 · Other
- Stacie Lynn Brass to Accel Wealth ManagementSep 30, 2016 · Other
- Janet Ann Wulf to Accel Wealth ManagementSep 30, 2016 · Other
- Scott Alan Durscher to Accel Wealth ManagementSep 30, 2016 · Other
- Sagar Ramesh Patel to Cambridge Investment Research Advisors, Inc.Jul 8, 2016 · Other
Joined, latest
- Robert T Reidelberger from Visionary Wealth Advisors, LLCAug 6, 2019 · RIA to RIA
- Brian Daniel Parker from Open Source Investments, LLCSep 20, 2018 · RIA to RIA
- Chawn Francis Honkomp from Principal Securities, Inc.Feb 23, 2018 · Other
- Devory Alicia Fischer from Thrivent Investment Management Inc.Nov 30, 2017 · Other
- Wade Michael Johnson from Berthel Fisher & Company Financial Services, Inc.Oct 3, 2017 · Other
- Gregory Gifford Giles from Robert W. Baird & Co. IncorporatedJun 9, 2017 · Other
- Jason Wayne Shaw from Vsr Advisory ServicesFeb 22, 2012 · Other
- Thomas Hale Mcbride from Cambridge Investment Research Advisors, Inc.Oct 7, 2011 · Other
- Christopher Alan Roberts from Edward JonesJun 22, 2011 · Other
- Chad David Ericson from Qa3 Financial LLCFeb 11, 2011 · Other
- David Lester Darner from Cambridge Investment Research Advisors, Inc.Jan 26, 2011 · Other
- David J Willeumier from Hsbc Securities (USA) Inc.Jun 17, 2010 · Other
- Stacie Lynn Brass from National Planning Corporation ("Npc Of America" In Fl & Ny)Feb 16, 2010 · Other
- Janet Ann Wulf from Networth AdvisorsFeb 16, 2010 · Other
- Jason Wayne Shaw from Cambridge Investment Research Advisors, Inc.Feb 5, 2009 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for Strategic Asset Management LLC.Oct 5, 2020 · Coralville, Ia
- 3 left for Accel Wealth ManagementSep 30, 2016 · Cedar Falls, Ia
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- David Chad Ericson · President/Cisocontrolsince 01/2021 · owns 75% or more
- Anne Michael Brannen · Chief Compliance Officersince 10/2020 · 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 |
|---|---|---|---|---|---|
| Akron, Ia · principal | 3 | 0 | 0 | ||
| Cedar Falls, Ia | 2 | 0 | 0 | ||
| Coralville, Ia | 2 | 0 | 0 | ||
| Ofallon, Il | 2 | 0 | 0 | ||
| Overland Park, Ks | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Overland Park, KS6 employees
- O'Fallon, IL6 employees
- Des Moines, IA2 employees
- Cedar Falls, IA2 employees
- Spicer, MN1 employees
- Carol Stream, IL1 employees
- , 1 employees
- Covington, LA1 employees
- Mason City, IA1 employees
- Sioux City, IA1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- account count collapseChange between filings · filing Mar 31, 2026accounts (Item 5.F.2.f) moved from 3,347.0 to 1,522.0 (-55.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +6.0% (1256 comparable advisers, 2.0th percentile of changes)peers: independent wealth managers, $500M to $1B (1,256) · 1.8% percentile
What changed
consecutive filings, newest first
- Other offices · 15 to 16Mar 31, 2026 to Jul 15, 2026
- Accounts · 3,347 to 1,522Sep 10, 2025 to Mar 31, 2026
- Advisory employees · 18 to 17Sep 10, 2025 to Mar 31, 2026
- BD registered reps · 6 to 7Sep 10, 2025 to Mar 31, 2026
- Corporate clients · 7 to 5Sep 10, 2025 to Mar 31, 2026
- HNW clients · 10 to 26Sep 10, 2025 to Mar 31, 2026
- Individual clients · 1,460 to 1,488Sep 10, 2025 to Mar 31, 2026
- Assets in custody · $2.1M to $2.3MSep 10, 2025 to Mar 31, 2026
- Employees · 18 to 17Sep 10, 2025 to Mar 31, 2026
- State-registered IARs · 18 to 17Sep 10, 2025 to Mar 31, 2026
- Discretionary RAUM · $579M to $675MSep 10, 2025 to Mar 31, 2026
- HNW RAUM · $46.7M to $118MSep 10, 2025 to Mar 31, 2026
- Individual RAUM · $519M to $550MSep 10, 2025 to Mar 31, 2026
- RAUM · $579M to $675MSep 10, 2025 to Mar 31, 2026
- Wrap assets (manager) · $61.9M to $80.6MSep 10, 2025 to Mar 31, 2026
- Other offices · 16 to 15Mar 31, 2025 to Sep 10, 2025
- Accounts · 3,315 to 3,347May 20, 2024 to Mar 31, 2025
- HNW clients · 11 to 10May 20, 2024 to Mar 31, 2025
- Individual clients · 1,424 to 1,460May 20, 2024 to Mar 31, 2025
- Assets in custody · $2.1M to $2.1MMay 20, 2024 to Mar 31, 2025
- Financial planning clients · 11-25 to 11-25May 20, 2024 to Mar 31, 2025
- Discretionary RAUM · $494M to $579MMay 20, 2024 to Mar 31, 2025
- HNW RAUM · $46.3M to $46.7MMay 20, 2024 to Mar 31, 2025
- Individual RAUM · $436M to $519MMay 20, 2024 to Mar 31, 2025
- RAUM · $494M to $579MMay 20, 2024 to Mar 31, 2025
- Wrap assets (manager) · $47.4M to $61.9MMay 20, 2024 to Mar 31, 2025
- Accounts · 3,240 to 3,315Nov 22, 2023 to Mar 29, 2024
- BD registered reps · 8 to 6Nov 22, 2023 to Mar 29, 2024
- Corporate clients · 8 to 7Nov 22, 2023 to Mar 29, 2024
- HNW clients · 22 to 11Nov 22, 2023 to Mar 29, 2024
- Individual clients · 1,396 to 1,424Nov 22, 2023 to Mar 29, 2024
- Assets in custody · $795,419 to $2.1MNov 22, 2023 to Mar 29, 2024
- Discretionary RAUM · $439M to $494MNov 22, 2023 to Mar 29, 2024
- HNW RAUM · $57.1M to $46.3MNov 22, 2023 to Mar 29, 2024
- Individual RAUM · $370M to $436MNov 22, 2023 to Mar 29, 2024
- RAUM · $439M to $494MNov 22, 2023 to Mar 29, 2024
- Wrap assets (manager) · $46.0M to $47.4MNov 22, 2023 to Mar 29, 2024
- Accounts · 3,070 to 3,240Dec 1, 2022 to Mar 31, 2023
- BD registered reps · 13 to 8Dec 1, 2022 to Mar 31, 2023
- Corporate clients · 9 to 8Dec 1, 2022 to Mar 31, 2023
Signals
5 dated events
- Devory Alicia Fischer left Rda Financial Network for Cetera Investment Advisers Llc (registered 2025-02-04)Jan 3, 2025 · Advisor changed firm · fact
- Austin D. Hoag left Rda Financial Network for Fidelity Personal And Workplace Advisors (registered 2022-09-30)Aug 4, 2022 · Advisor changed firm · fact
- Rda Financial Network reported 18 state-registered advisory representatives, up from 6 (2020-10-28 to 2021-04-01)Apr 1, 2021 · Advisor headcount change · derived
- Rda Financial Network reported 6 state-registered advisory representatives, down from 16 (2019-07-10 to 2020-03-25)Mar 25, 2020 · Advisor headcount change · derived
- Rda Financial Network reported RAUM $587.9M, up 54% from $381.7M (2017-08-10 to 2018-03-29)Mar 29, 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
- Business phone
- 712-568-3977reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 888-300-4975reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/RDA-FINANCIAL-NETWORK-INC.reportedpublic record, Form ADV, Sep 18, 2026
- Website
- RDAFN.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 888-300-4975reportedpublic record, Form ADV, Jul 15, 2026
- Contact form
- rdafn.com/contact-usreportedpublished 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
- $39.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026