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
S•••••• D•••• W•••••• I••••••••• A••••••• L••
Latest filing Mar 18, 2026
First filing on the tape Mar 28, 2012 · 23 filings
SEC status approved since Jun 12, 2008
RAUM
$730M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$727M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$104M
derived; firm RAUM over IAPD count
Employees
7
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$730M as of Mar 18, 2026
Mar 28, 2012$110M then
HNW client RAUM$625M as of Mar 18, 2026
Mar 21, 2018$146M then
State-registered IARs (5.B.3)7 as of Mar 18, 2026
Mar 28, 20120 then
Employees (5.A)7 as of Mar 18, 2026
Mar 25, 20133 then
Private funds: no history
RAUM +13% over the last fiscal year+18% a year over threeIARs 7 to 7
Practice profile
derived from the filing of Mar 18, 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
- $104MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 75derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.8MderivedHNW RAUM over HNW clients
- Average account
- $364,448derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 7.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -1.5%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Custody
- $289M, 292 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$625M86%
- Individuals$102M14%
- Charitable organizations$3.7M0.5%
- Individual clients
- 303reported
- HNW clients
- 220reported
- Pension plan clients
- 0reported
- Charitable clients
- 2reported
- Accounts
- 2,004reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- $289M for 292 clientsreported
- Compensation
- % of AUM, fixed, 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
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| J••••• W•••••• S••••••Chartered Financial Analyst | Minneapolis, Mn | Jul 14, 2008 | 31 y | 0 |
| S•••••• J••• D••••Certified Financial Planner | Minneapolis, Mn | Aug 9, 2010 | 26 y | 0 |
| B••••••• J•••••• W••••••Certified Financial Planner | Minneapolis, Mn | Jan 11, 2012 | 24 y | 0 |
| P••• S••••• W••••• | Minneapolis, Mn | Nov 7, 2014 | 23 y | 2 |
| D•••• H••••• S••••Certified Financial Planner | Minneapolis, Mn | Sep 28, 2018 | 15 y | 5 |
| J•• M•••••• H••••Certified Financial Planner | Minneapolis, Mn | Sep 30, 2022 | 13 y | 0 |
| E•••• M•••• N••• | Minneapolis, Mn | Jul 25, 2025 | 11 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 headcount1 left over 36 months
Left, latest
- B•••••• P••• S••• to T•• A••••••• G••••• L••Oct 28, 2024 · RIA to RIA
- H••••• T••• to V•••••••• B••••• F•••••••• P•••••••Jul 24, 2023 · RIA to RIA
- J••••• D••••• F••••••• to C••••••••• F•••••••• N••••••Mar 19, 2020 · RIA to affiliated broker-dealer or bank
Joined, latest
- D•••• H••••• S•••• from C•••••••• I••••••••• R••••••• A•••••••• I•••Sep 28, 2018 · Affiliated broker-dealer or bank to independent RIA
- P••• S••••• W••••• from S•••••••• A••••••• L••Nov 7, 2014 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- D••••• S••••••• J••• · Managing Membercontrolsince 07/2008 · owns 25% to 50%
- S••••••• J•••••• W•••••• · Managing Membercontrolsince 07/2008 · owns 25% to 50%
- W••••••• B•••••••• J•••••• · Managing Member/Chief Compliance Officercontrolsince 07/2008 · 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 |
|---|---|---|---|---|---|
| Minneapolis, Mn · principal | 7 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,978 to 2,004Apr 17, 2025 to Mar 18, 2026
- Charity clients · 1 to 2Apr 17, 2025 to Mar 18, 2026
- HNW clients · 199 to 220Apr 17, 2025 to Mar 18, 2026
- Individual clients · 332 to 303Apr 17, 2025 to Mar 18, 2026
- Assets in custody · $237M to $289MApr 17, 2025 to Mar 18, 2026
- Financial planning clients · More than 500 to 11-25Apr 17, 2025 to Mar 18, 2026
- Discretionary RAUM · $643M to $729MApr 17, 2025 to Mar 18, 2026
- HNW RAUM · $539M to $625MApr 17, 2025 to Mar 18, 2026
- Individual RAUM · $103M to $102MApr 17, 2025 to Mar 18, 2026
- Non-discretionary RAUM · $1.4M to $1.5MApr 17, 2025 to Mar 18, 2026
- RAUM · $644M to $730MApr 17, 2025 to Mar 18, 2026
- Accounts · 1,911 to 1,978Jan 7, 2025 to Apr 17, 2025
- Advisory employees · 8 to 7Jan 7, 2025 to Apr 17, 2025
- HNW clients · 175 to 199Jan 7, 2025 to Apr 17, 2025
- Assets in custody · $182M to $237MJan 7, 2025 to Apr 17, 2025
- Employees · 9 to 7Jan 7, 2025 to Apr 17, 2025
- Financial planning clients · 251-500 to More than 500Jan 7, 2025 to Apr 17, 2025
- State-registered IARs · 8 to 7Jan 7, 2025 to Apr 17, 2025
- Discretionary RAUM · $542M to $643MJan 7, 2025 to Apr 17, 2025
- HNW RAUM · $430M to $539MJan 7, 2025 to Apr 17, 2025
- Individual RAUM · $120M to $103MJan 7, 2025 to Apr 17, 2025
- Non-discretionary RAUM · $10.5M to $1.4MJan 7, 2025 to Apr 17, 2025
- RAUM · $553M to $644MJan 7, 2025 to Apr 17, 2025
- Accounts · 1,819 to 1,911Mar 20, 2023 to Mar 25, 2024
- HNW clients · 134 to 175Mar 20, 2023 to Mar 25, 2024
- Individual clients · 357 to 332Mar 20, 2023 to Mar 25, 2024
- Assets in custody · $156M to $182MMar 20, 2023 to Mar 25, 2024
- Employees · 10 to 9Mar 20, 2023 to Mar 25, 2024
- Discretionary RAUM · $433M to $542MMar 20, 2023 to Mar 25, 2024
- HNW RAUM · $314M to $430MMar 20, 2023 to Mar 25, 2024
- Individual RAUM · $131M to $120MMar 20, 2023 to Mar 25, 2024
- Non-discretionary RAUM · $12.4M to $10.5MMar 20, 2023 to Mar 25, 2024
- RAUM · $445M to $553MMar 20, 2023 to Mar 25, 2024
- Accounts · 1,745 to 1,819Jun 30, 2022 to Mar 20, 2023
- Advisory employees · 5 to 8Jun 30, 2022 to Mar 20, 2023
- HNW clients · 154 to 134Jun 30, 2022 to Mar 20, 2023
- Individual clients · 325 to 357Jun 30, 2022 to Mar 20, 2023
- Assets in custody · $162M to $156MJun 30, 2022 to Mar 20, 2023
- Employees · 7 to 10Jun 30, 2022 to Mar 20, 2023
- State-registered IARs · 5 to 8Jun 30, 2022 to Mar 20, 2023
Signals
3 dated events
- B•••••• P••• S••• left S•••••• D•••• W•••••• I••••••••• A••••••• L•• for T•• A••••••• G••••• L•• (registered 2024-11-05)Oct 28, 2024 · Advisor changed firm · fact
- H••••• T••• left S•••••• D•••• W•••••• I••••••••• A••••••• L•• for V•••••••• B••••• F•••••••• P••••••• (registered 2025-05-05)Jul 24, 2023 · Advisor changed firm · fact
- S•••••• D•••• W•••••• I••••••••• A••••••• L•• reported RAUM $443.0M, up 83% from $242.7M (2020-06-23 to 2021-03-17)Mar 17, 2021 · 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 email
- contact@sdwia.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 612-355-4361reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 612-355-4362reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 612-355-4360reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/schwarz-dygos-wheeler-investment-advisoreportedpublic record, Form ADV, Sep 18, 2026
- Website
- SDWIA.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (612) 355 - 4360reportedpublic record, Form ADV, Mar 18, 2026
- Contact form
- sdwia.com/p/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- sdwia.com/teamreportedpublished by the firm, firm site, Sep 15, 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
- $104Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026