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
A & I Wealth Management
Legal name A & I Financial Services, LLC
Latest filing Apr 8, 2026
First filing on the tape Dec 16, 2011 · 45 filings
SEC status approved since Jan 5, 2009
RAUM
$560M
reported, Item 5.F
Discretionary
90%
of RAUM
Private clients
99%
$556M individuals and HNW
Advisors
10
registered through the firm on IAPD
RAUM per advisor
$56.0M
derived; firm RAUM over IAPD count
Employees
9
9 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
45 filings and snapshots on the tape
RAUM$560M as of Apr 8, 2026
Mar 28, 2012$110M then
HNW client RAUM$396M as of Apr 8, 2026
Mar 9, 2018$103M then
State-registered IARs (5.B.3)9 as of Apr 8, 2026
Mar 28, 20120 then
Employees (5.A)9 as of Apr 8, 2026
Mar 27, 20137 then
Private funds: no history
RAUM +21% over the last fiscal year+15% a year over threeIARs 9 to 9
Practice profile
derived from the filing of Apr 8, 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
- $56.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 52derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.4MderivedHNW RAUM over HNW clients
- Average account
- $332,738derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 90%derivedof RAUM
- Institutional
- 0.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.9derivedItem 5.A over advisors
- Advisors per office
- 10.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +21%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -10%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
- Custody
- $10.3M, 8 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- 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$396M71%
- Individuals$160M29%
- Pension and profit-sharing plans$2.6M0.5%
- Charitable organizations$1.2M0.2%
- Individual clients
- 353reported
- HNW clients
- 165reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,683reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $10.3M for 8 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=9.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Julie Cameron Morgan | Lone Tree, Co | Jan 13, 2009 | 21 y | 1 |
| Stacey Katrina Frank | Lone Tree, Co | Mar 18, 2009 | 21 y | 0 |
| Judson E CassCertified Financial Planner | Lone Tree, Co | Jul 12, 2012 | 24 y | 3 |
| Francois GiguereCertified Financial Planner | Lone Tree, Co | Jan 6, 2015 | 12 y | 0 |
| Marla Anne MasonCertified Financial Planner | Lone Tree, Co | May 19, 2017 | 23 y | 2 |
| Peter Frederic LengsfeldCertified Financial Planner | Lone Tree, Co | May 19, 2017 | 31 y | 1 |
| Cassidy J ButlerCertified Financial Planner | Lone Tree, Co | Feb 14, 2025 | 12 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 headcount2 left over 36 months
Left, latest
- Sharon Ann Gaspar to Northwestern Mutual Investment Services,LLCSep 13, 2024 · Other
- Virginia Hui Wu to Curi Capital, LLCJun 12, 2024 · RIA to RIA
- Robert Schuler Eberhardt to Geneos Wealth Management, Inc.May 4, 2021 · RIA to affiliated broker-dealer or bank
- Bradley Derek Hablutzel to Ae Wealth Management, LLCAug 23, 2018 · RIA to RIA
- Clayton John Shearer to Geneos Wealth Management, Inc.Sep 19, 2017 · Other
- Courtney Folkerts to Curian Capital, LLCAug 22, 2014 · Other
- Joyce M Mcdaniel to Geneos Wealth Management, Inc.Aug 20, 2013 · Other
- Kevne Lea Sharpe to Toews Asset ManagementMay 14, 2013 · Other
- Tyler Jeff Peterson to Independent Financial Group, LLCMay 14, 2013 · Other
- Gregory Giunto to Merrill Lynch, Pierce, Fenner & Smith IncorporatedFeb 10, 2012 · Other
- Adam Blake Peters to Advisors Asset Management, Inc.Apr 6, 2010 · Other
Joined, latest
- Virginia Hui Wu from Fidelity Personal And Workplace AdvisorsSep 9, 2021 · Affiliated broker-dealer or bank to independent RIA
- Marla Anne Mason from Forta Financial Group, Inc.May 19, 2017 · Other
- Peter Frederic Lengsfeld from Forta Financial Group, Inc.May 19, 2017 · Other
- Bradley Derek Hablutzel from Woodbury Financial Services, Inc.Mar 10, 2017 · Other
- Clayton John Shearer from National Planning Corporation ("Npc Of America" In Fl & Ny)Jan 5, 2016 · Other
- Courtney Folkerts from Financial Security Management, IncFeb 20, 2014 · Other
- Robert Schuler Eberhardt from Equitable Advisors, LLCApr 10, 2013 · Other
- Joyce M Mcdaniel from Nfp Advisor Services, LLCMar 5, 2013 · Other
- Judson E Cass from Northwestern Mutual Investment Services,LLCJul 12, 2012 · Other
- Gregory Giunto from Equitable Advisors, LLCMay 5, 2010 · Other
- Adam Blake Peters from Nfp Advisor Services, LLCOct 13, 2009 · Other
- Tyler Jeff Peterson from Td Ameritrade Investment Management, LLCJan 21, 2009 · Other
- Julie Cameron Morgan from Transamerica Financial Advisors, LLCJan 13, 2009 · Other
- Karl Fredrick Frank from Sunamerica Securities, Inc.Jan 5, 2009 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Forta Financial Group, Inc.Jun 13, 2017 · Greenwood Village, Co
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Fredrick Karl Frank · Manager And Chief Compliance Officercontrolsince 08/2004 · owns less than 5%
- Katrina Stacey Frank · Managercontrolsince 08/2004 · owns less than 5%
- Fredrick Karl Frank · Membercontrolsince 01/2018 · owns 50% to 75% of A & I Holdings, LLC
- Katrina Stacey Frank · Membercontrolsince 01/2018 · owns 50% to 75% of A & I Holdings, LLC
Entity owners
- A & I Holdings, LLC · Memberdirect · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Lone Tree, Co · principal | 10 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 2,261 to 1,683Jan 8, 2026 to Mar 16, 2026
- HNW clients · 139 to 165Jan 8, 2026 to Mar 16, 2026
- Individual clients · 438 to 353Jan 8, 2026 to Mar 16, 2026
- Assets in custody · $16.9M to $10.3MJan 8, 2026 to Mar 16, 2026
- Discretionary RAUM · $422M to $506MJan 8, 2026 to Mar 16, 2026
- HNW RAUM · $309M to $396MJan 8, 2026 to Mar 16, 2026
- Individual RAUM · $151M to $160MJan 8, 2026 to Mar 16, 2026
- Non-discretionary RAUM · $41.6M to $53.7MJan 8, 2026 to Mar 16, 2026
- Pension RAUM · $2.0M to $2.6MJan 8, 2026 to Mar 16, 2026
- RAUM · $464M to $560MJan 8, 2026 to Mar 16, 2026
- Accounts · 1,783 to 2,261Sep 13, 2024 to Feb 22, 2025
- Advisory employees · 13 to 9Sep 13, 2024 to Feb 22, 2025
- BD registered reps · 11 to 9Sep 13, 2024 to Feb 22, 2025
- HNW clients · 127 to 139Sep 13, 2024 to Feb 22, 2025
- Individual clients · 413 to 438Sep 13, 2024 to Feb 22, 2025
- Assets in custody · $13.0M to $16.9MSep 13, 2024 to Feb 22, 2025
- Employees · 13 to 9Sep 13, 2024 to Feb 22, 2025
- Financial planning clients · 1-10 to 1-10Sep 13, 2024 to Feb 22, 2025
- State-registered IARs · 11 to 9Sep 13, 2024 to Feb 22, 2025
- Discretionary RAUM · $369M to $422MSep 13, 2024 to Feb 22, 2025
- HNW RAUM · $268M to $309MSep 13, 2024 to Feb 22, 2025
- Individual RAUM · $140M to $151MSep 13, 2024 to Feb 22, 2025
- Non-discretionary RAUM · $42.7M to $41.6MSep 13, 2024 to Feb 22, 2025
- Pension RAUM · unset to 1977874.0Sep 13, 2024 to Feb 22, 2025
- RAUM · $412M to $464MSep 13, 2024 to Feb 22, 2025
- Accounts · 1,787 to 1,783Jan 10, 2024 to Mar 9, 2024
- Advisory employees · 10 to 13Jan 10, 2024 to Mar 9, 2024
- BD registered reps · 10 to 11Jan 10, 2024 to Mar 9, 2024
- HNW clients · 110 to 127Jan 10, 2024 to Mar 9, 2024
- Individual clients · 433 to 413Jan 10, 2024 to Mar 9, 2024
- Assets in custody · $11.5M to $13.0MJan 10, 2024 to Mar 9, 2024
- Employees · 10 to 13Jan 10, 2024 to Mar 9, 2024
- State-registered IARs · 10 to 11Jan 10, 2024 to Mar 9, 2024
- Discretionary RAUM · $325M to $369MJan 10, 2024 to Mar 9, 2024
- HNW RAUM · $222M to $268MJan 10, 2024 to Mar 9, 2024
- Individual RAUM · $142M to $140MJan 10, 2024 to Mar 9, 2024
- Non-discretionary RAUM · $43.0M to $42.7MJan 10, 2024 to Mar 9, 2024
- RAUM · $368M to $412MJan 10, 2024 to Mar 9, 2024
- Accounts · 1,843 to 1,787Feb 2, 2023 to Mar 3, 2023
- HNW clients · 126 to 110Feb 2, 2023 to Mar 3, 2023
Signals
5 dated events
- Sharon Ann Gaspar left A & I Wealth Management for Northwestern Mutual Investment Services,Llc (registered 2025-01-02)Sep 13, 2024 · Advisor changed firm · fact
- Ann Sharon Gaspar (Chief Compliance Officer) no longer on Schedule A of A & I Wealth Management (listed 2024-03-09, absent 2024-09-13)Sep 13, 2024 · Control person left · inference
- Virginia Hui Wu left A & I Wealth Management for Curi Capital, Llc (registered 2024-06-27)Jun 12, 2024 · Advisor changed firm · fact
- Ann Sharon Gaspar (Chief Compliance Officer) appeared on Schedule A of A & I Wealth ManagementJan 11, 2023 · Control person joined · fact
- A & I Wealth Management reported RAUM $344.6M, up 45% from $237.4M (2019-08-15 to 2020-02-29)Feb 29, 2020 · 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
- 303-690-5070reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/a&i-financial-servicesreportedpublic record, Form ADV, Sep 17, 2026
- Website
- ASSETSANDINCOME.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 303-690-5070reportedpublic record, Form ADV, Apr 8, 2026
- Contact form
- assetsandincome.com/about-us/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- assetsandincome.com/about-us/our-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
- $56.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026