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

1492 Capital Management, LLC

Independent wealth managerMilwaukee, WisconsinCRD 148566SEC 801-70447websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Jan 20, 2012 · 28 filings
SEC status approved since Aug 5, 2009
RAUM
$275M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
57%
$158M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$91.5M
derived; firm RAUM over IAPD count
Employees
5
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$275M as of Mar 30, 2026
Mar 15, 2012$91.4M then
HNW client RAUM$154M as of Mar 30, 2026
Mar 31, 2018$112M then
State-registered IARs (5.B.3)3 as of Mar 30, 2026
Apr 1, 20136 then
Employees (5.A)5 as of Mar 30, 2026
Apr 1, 20139 then
Private funds: no history
RAUM +25% over the last fiscal year+16% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 30, 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
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$91.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
28derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.1MderivedHNW RAUM over HNW clients
Average account
$2.8MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
12%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+25%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-4.5%derived
Compensation
percentage of assets, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$154M56%
  • Corporations and businesses$84.2M31%
  • Charitable organizations$32.9M12%
  • Individuals$3.8M1.4%
Individual clients
11reported
HNW clients
74reported
Pension plan clients
n/areported
Charitable clients
9reported
Accounts
98reported
Financial planning clients
1-10reported
Wrap fee programs
$0 sponsored, $14.7M managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.57 fund_share=0.0 institutional_share=0.12 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Timothy Terrill StrackaMilwaukee, WiNov 13, 200840 y1
Adam Michael FranceChartered Financial AnalystMilwaukee, WiJan 21, 201028 y0
Joseph Anthony FrohnaChartered Financial AnalystMilwaukee, WiJan 1, 202531 y2
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
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Anthony Joseph Frohna · Managing Membercontrol
    since 09/2008 · owns 25% to 50%
  • Terrill Timothy Stracka · Managing Membercontrol
    since 09/2008 · owns 10% to 25%
  • Henry Posner · Membercontrol
    since 10/2011 · owns 25% to 50% of Hjp 2011, LLC
  • Henry Posner · Limited Partnercontrol
    since 02/2012 · owns 25% to 50% of Hjp Acquisition, L.P.
  • James Posner · Membercontrol
    since 10/2011 · owns 25% to 50% of Hjp 2011, LLC
  • James Posner · Limited Partnercontrol
    since 02/2012 · owns 25% to 50% of Hjp Acquisition, L.P.
  • Paul Posner · Limited Partnercontrol
    since 02/2012 · owns 25% to 50% of Hjp Acquisition, L.P.
  • Paul Posner · Membercontrol
    since 10/2011 · owns 25% to 50% of Hjp 2011, LLC
  • D Thomas Wright · Membercontrol
    since 06/2001 · owns 50% to 75% of Rosetta Capital LLC
  • D Thomas Wright · Limited Partnercontrol
    since 08/2001 · owns 50% to 75% of Rosetta Capital LP
  • A Kathleen Daley · Chief Compliance Officer/Chief Operations Officer
    since 01/2022 · owns less than 5%
  • Michael Adam France · Member
    since 03/2011 · owns less than 5%
Entity owners
  • Hawthorne Partners · Member
    direct · owns 25% to 50%
  • Blair Oak Investments, LP · General Partner
    indirect · owns 25% to 50% of Hawthorne Partners II
  • Hawthorne Partners II · Managing Member
    indirect · owns 75% or more of Hawthorne Wealth Management Holdings, LLC
  • Hjp Acquisition L.P. · General Partner
    indirect · owns 75% or more of Hawthorne Partners
  • Hjp Acquisition, LP · General Partner
    indirect · owns 75% or more of Hawthorne Partners II
  • Rosetta Capital Partners LP · General Partner
    indirect · owns 25% to 50% of Hawthorne Partners
  • Hjp 2011, LLC · General Partner
    indirect · owns F of Hjp Acquisition, L.P.
  • Rosetta Capital LLC · General Partner
    indirect · owns F of Rosetta Capital LP
Related persons
Schedule D 7.A
No related person reported.
Advisers that list 1492 Capital Management, LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Milwaukee, Wi · principal300
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 101 to 98
    Sep 15, 2025 to Mar 30, 2026
  • Charity clients · 8 to 9
    Sep 15, 2025 to Mar 30, 2026
  • HNW clients · 75 to 74
    Sep 15, 2025 to Mar 30, 2026
  • Individual clients · 14 to 11
    Sep 15, 2025 to Mar 30, 2026
  • Discretionary RAUM · $220M to $275M
    Sep 15, 2025 to Mar 30, 2026
  • HNW RAUM · $127M to $154M
    Sep 15, 2025 to Mar 30, 2026
  • Individual RAUM · $3.8M to $3.8M
    Sep 15, 2025 to Mar 30, 2026
  • RAUM · $220M to $275M
    Sep 15, 2025 to Mar 30, 2026
  • Wrap assets (manager) · $12.4M to $14.7M
    Sep 15, 2025 to Mar 30, 2026
  • Accounts · 102 to 101
    Mar 27, 2024 to Mar 25, 2025
  • Advisory activities · 3 to 4
    Mar 27, 2024 to Mar 25, 2025
  • Charity clients · 9 to 8
    Mar 27, 2024 to Mar 25, 2025
  • Corporate clients · 5 to 4
    Mar 27, 2024 to Mar 25, 2025
  • HNW clients · 74 to 75
    Mar 27, 2024 to Mar 25, 2025
  • Financial planning clients · unset to 1-10
    Mar 27, 2024 to Mar 25, 2025
  • Discretionary RAUM · $192M to $220M
    Mar 27, 2024 to Mar 25, 2025
  • HNW RAUM · $108M to $127M
    Mar 27, 2024 to Mar 25, 2025
  • Individual RAUM · $3.2M to $3.8M
    Mar 27, 2024 to Mar 25, 2025
  • RAUM · $192M to $220M
    Mar 27, 2024 to Mar 25, 2025
  • Wrap assets (manager) · $10.0M to $12.4M
    Mar 27, 2024 to Mar 25, 2025
  • Accounts · 106 to 102
    Mar 31, 2023 to Mar 27, 2024
  • Charity clients · 10 to 9
    Mar 31, 2023 to Mar 27, 2024
  • HNW clients · 78 to 74
    Mar 31, 2023 to Mar 27, 2024
  • Individual clients · 13 to 14
    Mar 31, 2023 to Mar 27, 2024
  • Discretionary RAUM · $175M to $192M
    Mar 31, 2023 to Mar 27, 2024
  • HNW RAUM · $97.2M to $108M
    Mar 31, 2023 to Mar 27, 2024
  • Individual RAUM · $2.7M to $3.2M
    Mar 31, 2023 to Mar 27, 2024
  • RAUM · $175M to $192M
    Mar 31, 2023 to Mar 27, 2024
  • Wrap assets (manager) · $4.9M to $10.0M
    Mar 31, 2023 to Mar 27, 2024
  • HNW clients · 69 to 78
    Mar 30, 2022 to Mar 31, 2023
  • Individual clients · 22 to 13
    Mar 30, 2022 to Mar 31, 2023
  • Discretionary RAUM · $224M to $175M
    Mar 30, 2022 to Mar 31, 2023
  • HNW RAUM · $121M to $97.2M
    Mar 30, 2022 to Mar 31, 2023
  • Individual RAUM · $7.2M to $2.7M
    Mar 30, 2022 to Mar 31, 2023
  • RAUM · $224M to $175M
    Mar 30, 2022 to Mar 31, 2023
  • Wrap assets (manager) · $6.7M to $4.9M
    Mar 30, 2022 to Mar 31, 2023
  • Accounts · 103 to 106
    Nov 15, 2021 to Mar 30, 2022
  • Advisory activities · 2 to 3
    Nov 15, 2021 to Mar 30, 2022
  • HNW clients · 72 to 69
    Nov 15, 2021 to Mar 30, 2022
  • Individual clients · 16 to 22
    Nov 15, 2021 to Mar 30, 2022
Signals
1 dated events
  • Elain Nancy Frohna (Chief Compliance Officer / Chief Operations Officer) no longer on Schedule A of 1492 Capital Management, Llc (listed 2021-11-15, absent 2022-03-30)
    Mar 30, 2022 · Control person left · inference
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
414-224-9160reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
414-224-9175reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/1492-capital-management-llcreportedpublic record, Form ADV, Sep 18, 2026
Website
1492CAPITALMANAGEMENT.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
414-276-1492reportedpublic record, Form ADV, Mar 30, 2026
Contact form
1492capitalmanagement.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
Team page
1492capitalmanagement.com/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
$91.5Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026