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
Next Generation Investing, LLC
Latest filing Sep 12, 2023
First filing on the tape Aug 27, 2021 · 5 filings
SEC status approved since Sep 27, 2021
RAUM
$128M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$126M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$42.7M
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
5 filings and snapshots on the tape
RAUM$128M as of Mar 1, 2023
Feb 8, 2022$118M then
HNW client RAUM$79.0M as of Mar 1, 2023
Feb 8, 2022$74.0M then
State-registered IARs (5.B.3)3 as of Mar 1, 2023
Feb 8, 20222 then
Employees (5.A)3 as of Mar 1, 2023
Feb 8, 20222 then
Private funds: no history
RAUM +8.5% over the last fiscal yearIARs 2 to 3
Practice profile
derived from the filing of Sep 12, 2023; 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $42.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 82derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $686,957derivedHNW RAUM over HNW clients
- Average account
- $512,000derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.8%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
- +8.5%derivedbetween the last two annual amendments
- Advisor growth, one year
- +50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +4.3%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisers, educational seminarsreportedItem 5.G
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$79.0M62%
- Individuals$47.0M37%
- Charitable organizations$1.0M0.8%
- Corporations and businesses$1.0M0.8%
- Individual clients
- 130reported
- HNW clients
- 115reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 250reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=3.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Ryan Wayne Shumaker | Topeka, Ks | Mar 4, 2009 | 19 y | 1 |
| Roger Wayne Shumaker | Topeka, Ks | Mar 5, 2009 | 30 y | 2 |
| Joel Parker Kasten | Lawrence, Ks | Feb 17, 2023 | 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 headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Joel Parker Kasten from World Equity Group, Inc.Feb 17, 2023 · Affiliated broker-dealer or bank to independent RIA
- Roger Wayne Shumaker from Next Financial Group, Inc.Mar 5, 2009 · Other
- Ryan Wayne Shumaker from Next Financial Group, Inc.Mar 4, 2009 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Wayne Roger Shumaker · Membercontrolsince 01/2009 · owns 50% to 75%
- Wayne Ryan Shumaker · Ccocontrolsince 01/2009 · owns 25% to 50%
Related persons
Schedule D 7.A
No related person reported.
Advisers that list Next Generation Investing, LLC as a related person
- 330289 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Topeka, Ks · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 235 to 250Feb 8, 2022 to Mar 1, 2023
- Advisory employees · 2 to 3Feb 8, 2022 to Mar 1, 2023
- Advisory activities · 6 to 5Feb 8, 2022 to Mar 1, 2023
- BD registered reps · 2 to 3Feb 8, 2022 to Mar 1, 2023
- HNW clients · 110 to 115Feb 8, 2022 to Mar 1, 2023
- Individual clients · 125 to 130Feb 8, 2022 to Mar 1, 2023
- Employees · 2 to 3Feb 8, 2022 to Mar 1, 2023
- Insurance-licensed employees · 2 to 0Feb 8, 2022 to Mar 1, 2023
- State-registered IARs · 2 to 3Feb 8, 2022 to Mar 1, 2023
- Discretionary RAUM · $118M to $128MFeb 8, 2022 to Mar 1, 2023
- HNW RAUM · $74.0M to $79.0MFeb 8, 2022 to Mar 1, 2023
- Individual RAUM · $42.0M to $47.0MFeb 8, 2022 to Mar 1, 2023
- RAUM · $118M to $128MFeb 8, 2022 to Mar 1, 2023
- Accounts · 225 to 235Aug 27, 2021 to Feb 8, 2022
- HNW clients · 105 to 110Aug 27, 2021 to Feb 8, 2022
- Individual clients · 120 to 125Aug 27, 2021 to Feb 8, 2022
- Discretionary RAUM · $110M to $118MAug 27, 2021 to Feb 8, 2022
- HNW RAUM · $68.0M to $74.0MAug 27, 2021 to Feb 8, 2022
- Individual RAUM · $40.0M to $42.0MAug 27, 2021 to Feb 8, 2022
- RAUM · $110M to $118MAug 27, 2021 to Feb 8, 2022
Signals
1 dated events
- Next Generation Investing, Llc filed its initial SEC registration (Form ADV)Aug 27, 2021 · 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.
How to reach
public business contact points only, each with its source
- Website
- RetireTopeka.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 785-228-0222reportedpublic record, Form ADV, Sep 12, 2023
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
- $42.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026