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
H•••••• C•••••• M••••••••• L••
Latest filing Apr 21, 2026
First filing on the tape Mar 30, 2015 · 28 filings
SEC status approved since Apr 6, 2015
RAUM
$757M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
6.2%
$47.2M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$378M
derived; firm RAUM over IAPD count
Employees
5
2 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$757M as of Apr 21, 2026
Feb 6, 2016$102M then
HNW client RAUM$41.1M as of Apr 21, 2026
Mar 5, 2019$5.1M then
State-registered IARs (5.B.3)2 as of Apr 21, 2026
Feb 6, 20160 then
Employees (5.A)5 as of Apr 21, 2026
Feb 6, 20161 then
Private funds: no history
RAUM +15% over the last fiscal year+14% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Apr 21, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
- RAUM per advisor
- $378MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 59derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.2MderivedHNW RAUM over HNW clients
- Average account
- $3.4MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 96%derivedof RAUM
- Institutional
- 91%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +15%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -13%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisers, otherreportedItem 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
- 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)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Charitable organizations$685M91%
- High-net-worth individuals$41.1M5.4%
- Other investment advisers$22.5M3.0%
- Individuals$6.1M0.8%
- Corporations and businesses$1.8M0.2%
- Individual clients
- 84reported
- HNW clients
- 33reported
- Pension plan clients
- n/areported
- Charitable clients
- 11reported
- Accounts
- 225reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.06 fund_share=0.03 institutional_share=0.91 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M•••••• E••••• A••••••• | Watertown, Sd | Jul 8, 2009 | 25 y | 0 |
| M•••••• T••••• R••• | Watertown, Sd | Mar 8, 2023 | 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
- A•• P••••• B•••• to B•••••••• L••May 6, 2024 · Other
Joined, latest
- A•• P••••• B•••• from S••Jan 4, 2023 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- A•••••••• M••••••• E••••• · Member, President, And Chief Investment Officercontrolsince 03/2010 · owns 75% or more
- C•••••• K••••• J•• · Ownercontrolsince 06/2019 · owns 10% to 25%
- R•••• M••••••• T••••• · Vice President, Chief Compliance Officer, General Counselcontrolsince 11/2022 · owns less than 5%
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 |
|---|---|---|---|---|---|
| Watertown, Sd · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 217 to 225Jan 20, 2026 to Feb 24, 2026
- Corporate clients · 6.0 to unsetJan 20, 2026 to Feb 24, 2026
- HNW clients · 64 to 33Jan 20, 2026 to Feb 24, 2026
- Individual clients · 71 to 84Jan 20, 2026 to Feb 24, 2026
- Financial planning clients · 1-10 to 0Jan 20, 2026 to Feb 24, 2026
- Discretionary RAUM · $613M to $726MJan 20, 2026 to Feb 24, 2026
- HNW RAUM · $41.3M to $41.1MJan 20, 2026 to Feb 24, 2026
- Individual RAUM · $3.3M to $6.1MJan 20, 2026 to Feb 24, 2026
- Non-discretionary RAUM · $44.7M to $30.3MJan 20, 2026 to Feb 24, 2026
- RAUM · $658M to $757MJan 20, 2026 to Feb 24, 2026
- Accounts · 467 to 217Nov 15, 2024 to Mar 24, 2025
- Advisory employees · 5 to 2Nov 15, 2024 to Mar 24, 2025
- Charity clients · 8 to 11Nov 15, 2024 to Mar 24, 2025
- Corporate clients · 5 to 6Nov 15, 2024 to Mar 24, 2025
- HNW clients · 57 to 64Nov 15, 2024 to Mar 24, 2025
- Individual clients · 120 to 71Nov 15, 2024 to Mar 24, 2025
- Employees · 7 to 5Nov 15, 2024 to Mar 24, 2025
- Financial planning clients · 11-25 to 1-10Nov 15, 2024 to Mar 24, 2025
- State-registered IARs · 5 to 2Nov 15, 2024 to Mar 24, 2025
- Discretionary RAUM · $589M to $613MNov 15, 2024 to Mar 24, 2025
- HNW RAUM · $70.6M to $41.3MNov 15, 2024 to Mar 24, 2025
- Individual RAUM · $12.5M to $3.3MNov 15, 2024 to Mar 24, 2025
- Non-discretionary RAUM · $43.4M to $44.7MNov 15, 2024 to Mar 24, 2025
- RAUM · $632M to $658MNov 15, 2024 to Mar 24, 2025
- Accounts · 273 to 467Apr 24, 2023 to Feb 13, 2024
- Advisory employees · 6 to 5Apr 24, 2023 to Feb 13, 2024
- Charity clients · unset to 8.0Apr 24, 2023 to Feb 13, 2024
- Corporate clients · unset to 5.0Apr 24, 2023 to Feb 13, 2024
- HNW clients · 24 to 57Apr 24, 2023 to Feb 13, 2024
- Individual clients · 101 to 120Apr 24, 2023 to Feb 13, 2024
- Employees · 8 to 7Apr 24, 2023 to Feb 13, 2024
- Financial planning clients · 1-10 to 11-25Apr 24, 2023 to Feb 13, 2024
- State-registered IARs · 6 to 5Apr 24, 2023 to Feb 13, 2024
- Discretionary RAUM · $493M to $589MApr 24, 2023 to Feb 13, 2024
- HNW RAUM · $39.2M to $70.6MApr 24, 2023 to Feb 13, 2024
- Individual RAUM · $13.6M to $12.5MApr 24, 2023 to Feb 13, 2024
- Non-discretionary RAUM · $17.3M to $43.4MApr 24, 2023 to Feb 13, 2024
- RAUM · $510M to $632MApr 24, 2023 to Feb 13, 2024
- Advisory activities · 4 to 5Mar 9, 2023 to Apr 24, 2023
- Discretionary RAUM · $504M to $493MMar 9, 2023 to Apr 24, 2023
Signals
6 dated events
- A•• P••••• B•••• left H•••••• C•••••• M••••••••• L•• for B•••••••• L•• (registered 2024-05-01)May 6, 2024 · Advisor changed firm · fact
- Thomas Matthew Roby (Vice President, Chief Compliance Officer, General Counsel) appeared on Schedule A of H•••••• C•••••• M••••••••• L••Nov 10, 2022 · Control person joined · fact
- H•••••• C•••••• M••••••••• L•• reported RAUM $491.2M, up 48% from $332.3M (2021-03-16 to 2022-03-09)Mar 9, 2022 · RAUM change · derived
- Jon Kasey Chapin (Chief Compliance Officer) appeared on Schedule A of H•••••• C•••••• M••••••••• L••Aug 18, 2020 · Control person joined · fact
- H•••••• C•••••• M••••••••• L•• reported RAUM $339.6M, up 151% from $135.4M (2018-04-25 to 2019-03-05)Mar 5, 2019 · RAUM change · derived
- H•••••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Mar 30, 2015 · 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
- Firm profile
- linkedin.com/company/hi-line-capital-management-llcreportedpublic record, Form ADV, Sep 18, 2026
- Website
- hi-linecapital.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 605-878-0897reportedpublic record, Form ADV, Apr 21, 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
- Institutional managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $378Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026