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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Former SEC-registered adviser
E•••• L••
Latest filing Mar 26, 2024
First filing on the tape Mar 29, 2012 · 22 filings
RAUM
$2.8B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
96%
$2.7B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
10
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$2.8B as of Mar 26, 2024
Mar 29, 2012$855M then
HNW client RAUM$2.7B as of Mar 26, 2024
Mar 29, 2018$1.6B then
State-registered IARs (5.B.3)6 as of Mar 26, 2024
Apr 1, 20130 then
Employees (5.A)10 as of Mar 26, 2024
Apr 1, 20137 then
Private funds: no history
RAUM +10.0% over the last fiscal year+8.0% a year over threeIARs 7 to 6
Practice profile
derived from the filing of Mar 26, 2024; every figure names its basis
- RAUM per advisor
- $474MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $78.3MderivedHNW RAUM over HNW clients
- Average account
- $2.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 3.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 6.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +10.0%derivedbetween the last two annual amendments
- Advisor growth, one year
- -14%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
- Custody
- $2.2B, 41 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)
- 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$2.7B96%
- Charitable organizations$105M3.7%
- Individual clients
- n/areported
- HNW clients
- 35reported
- Pension plan clients
- n/areported
- Charitable clients
- 6reported
- Accounts
- 1,445reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- $2.2B for 41 clientsreported
- Compensation
- % of AUMreported
- Class basis
- absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
- J••••• T••••• P•••• to T•••••••• A•••••••• L••Jul 2, 2024 · RIA to RIA
- J•••• A•••• S••• to T•••••••• A•••••••• L••Jul 2, 2024 · RIA to RIA
- E•••• H•••••• to T•••••••• A•••••••• L••Jul 2, 2024 · RIA to RIA
- R••• D•••• S••••••••• to T•••••••• A•••••••• L••Jul 2, 2024 · RIA to RIA
- A•••••• S•••• Q•••• to T•••••••• A•••••••• L••Jul 2, 2024 · RIA to RIA
- E•••••••• R• G•••••••• to R•• C•••••• M••••••• L••Jan 17, 2023 · RIA to affiliated broker-dealer or bank
Joined, latest
- E•••••••• R• G•••••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Jun 11, 2014 · Other
- R••• D•••• S••••••••• from C•••••••••Jan 28, 2014 · Other
- J•••• A•••• S••• from C••••• T••• F••••• O••••• L••Nov 13, 2009 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 5 left for T•••••••• A•••••••• L••Jul 2, 2024 · Minneapolis, Mn · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B••••••• B••••••• J•• · Chief Compliance Officer, Secretarycontrolsince 09/2012 · owns less than 5%
- S••••••••• B•••••• B••••• · Chief Investment Officer,Governor,Common Member,Principalcontrolsince 12/2008 · owns 25% to 50%
- S•••• J••••• A•••• · President, Governor,Common Member,Principalcontrolsince 12/2008 · owns 25% to 50%
- S••••••••• R•••• D•••• · Treasurer,Governor,Common Member,Principalcontrolsince 12/2008 · 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 | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,438 to 1,445Jan 17, 2024 to Mar 26, 2024
- Advisory employees · 9 to 8Jan 17, 2024 to Mar 26, 2024
- Charity clients · 7 to 6Jan 17, 2024 to Mar 26, 2024
- Assets in custody · $2.0B to $2.2BJan 17, 2024 to Mar 26, 2024
- Employees · 12 to 10Jan 17, 2024 to Mar 26, 2024
- State-registered IARs · 7 to 6Jan 17, 2024 to Mar 26, 2024
- Discretionary RAUM · $2.6B to $2.8BJan 17, 2024 to Mar 26, 2024
- HNW RAUM · $2.5B to $2.7BJan 17, 2024 to Mar 26, 2024
- RAUM · $2.6B to $2.8BJan 17, 2024 to Mar 26, 2024
- Accounts · 1,407 to 1,438Mar 31, 2022 to Mar 22, 2023
- Advisory employees · 10 to 9Mar 31, 2022 to Mar 22, 2023
- Charity clients · 8 to 7Mar 31, 2022 to Mar 22, 2023
- Assets in custody · $2.5B to $2.0BMar 31, 2022 to Mar 22, 2023
- Employees · 13 to 12Mar 31, 2022 to Mar 22, 2023
- State-registered IARs · 8 to 7Mar 31, 2022 to Mar 22, 2023
- Discretionary RAUM · $3.1B to $2.6BMar 31, 2022 to Mar 22, 2023
- HNW RAUM · $3.0B to $2.5BMar 31, 2022 to Mar 22, 2023
- RAUM · $3.1B to $2.6BMar 31, 2022 to Mar 22, 2023
- Accounts · 1,233 to 1,407Feb 5, 2021 to Mar 31, 2022
- Charity clients · 9 to 8Feb 5, 2021 to Mar 31, 2022
- HNW clients · 33 to 35Feb 5, 2021 to Mar 31, 2022
- Assets in custody · $1.8B to $2.5BFeb 5, 2021 to Mar 31, 2022
- State-registered IARs · 7 to 8Feb 5, 2021 to Mar 31, 2022
- Discretionary RAUM · $2.3B to $3.1BFeb 5, 2021 to Mar 31, 2022
- HNW RAUM · $2.2B to $3.0BFeb 5, 2021 to Mar 31, 2022
- RAUM · $2.3B to $3.1BFeb 5, 2021 to Mar 31, 2022
- Accounts · 1,168 to 1,233Jun 24, 2020 to Feb 5, 2021
- Assets in custody · $1.7B to $1.8BJun 24, 2020 to Feb 5, 2021
- Employees · 14 to 13Jun 24, 2020 to Feb 5, 2021
- State-registered IARs · 8 to 7Jun 24, 2020 to Feb 5, 2021
- Other offices · 1 to 0Jun 24, 2020 to Feb 5, 2021
- Discretionary RAUM · $2.1B to $2.3BJun 24, 2020 to Feb 5, 2021
- HNW RAUM · $2.0B to $2.2BJun 24, 2020 to Feb 5, 2021
- RAUM · $2.1B to $2.3BJun 24, 2020 to Feb 5, 2021
- Accounts · 1,011 to 1,168Mar 27, 2019 to Mar 30, 2020
- Charity clients · 8 to 9Mar 27, 2019 to Mar 30, 2020
- Assets in custody · $1.4B to $1.7BMar 27, 2019 to Mar 30, 2020
- Employees · 13 to 14Mar 27, 2019 to Mar 30, 2020
- Discretionary RAUM · $1.7B to $2.1BMar 27, 2019 to Mar 30, 2020
- HNW RAUM · $1.6B to $2.0BMar 27, 2019 to Mar 30, 2020
Signals
8 dated events
- R••• D•••• S••••••••• left E•••• L•• for T•••••••• A•••••••• L•• (registered 2024-07-16)Jul 2, 2024 · Advisor changed firm · fact
- J•••• A•••• S••• left E•••• L•• for T•••••••• A•••••••• L•• (registered 2024-07-11)Jul 2, 2024 · Advisor changed firm · fact
- E•••• H•••••• left E•••• L•• for T•••••••• A•••••••• L•• (registered 2024-07-15)Jul 2, 2024 · Advisor changed firm · fact
- J••••• T••••• P•••• left E•••• L•• for T•••••••• A•••••••• L•• (registered 2024-07-10)Jul 2, 2024 · Advisor changed firm · fact
- A•••••• S•••• Q•••• left E•••• L•• for T•••••••• A•••••••• L•• (registered 2024-07-11)Jul 2, 2024 · Advisor changed firm · fact
- E•••• L••'s advisors moved to T•••••••• A•••••••• L•• (Minneapolis, MN): 5 of 5 registered, on the same dayJul 2, 2024 · Firm absorbed (people side) · derived
- E•••••••• R• G•••••••• left E•••• L•• for R•• C•••••• M••••••• L•• (registered 2024-01-04)Jan 17, 2023 · Advisor changed firm · fact
- E•••• L•• reported RAUM $3.1B, up 38% from $2.3B (2021-02-05 to 2022-03-31)Mar 31, 2022 · 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.
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
- Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026