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

A•••• C•••••• M••••••••• L••

Former SEC-registered adviserMinneapolis, MinnesotaCRD 150082SEC 801-70083IAPD
Latest filing Mar 25, 2016
First filing on the tape Mar 27, 2012 · 8 filings
RAUM
$325M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
6 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
3
$20.2M gross assets
History
8 filings and snapshots on the tape
RAUM$325M as of Mar 25, 2016
Mar 27, 2012$1.2B then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Mar 25, 2016
Mar 27, 20120 then
Employees (5.A)8 as of Mar 25, 2016
Mar 8, 201313 then
Private funds3 as of Mar 25, 2016
Mar 27, 20121 then
RAUM -60% over the last fiscal year-35% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 25, 2016; every figure names its basis
RAUM per advisor
$325MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$23.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
8.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-60%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$20.2M, 3 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
14reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$20.2M for 3 clientsreported
Compensation
% of AUM, performancereported
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
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      A•••• G••••• S•••• C•• F•••• L••Other Private Fund$1.1M2Mar 27, 2015
      A•••• E••••••• M•••••• S•••• C•• F•••• L••Other Private Fund$498,5521Mar 27, 2015
      Owners and control persons
      Schedule A and B, latest filing
      • D•••••• D••••• D•• · Chief Operations Officer (03/1997) And Partner (12/31/07)control
        since 03/1997 · owns 5% to 10%
      • D••••••••• R•••••• S••••• · Partnercontrol
        since 01/2015 · owns 5% to 10%
      • L••••••• R•••• D•••• · Ceo, Cio, Owner And Managing Membercontrol
        since 01/1997 · owns 50% to 75%
      • M••••••• R•••••• J••••• · Partner (12/31/2007)control
        since 12/2007 · owns 5% to 10%
      • F••••••• C••••••••• M•••••• · Chief Compliance Officer (07/2013), Equity Analyst (09/2003) And Director Of It (05/1999)
        since 07/2013 · owns less than 5%
      • W••••••• S••••••• F••• · Owner
        since 03/1997 · owns 5% to 10%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 34 to 14
        Mar 27, 2015 to Mar 25, 2016
      • Advisory employees · 11 to 6
        Mar 27, 2015 to Mar 25, 2016
      • Advisory activities · 4 to 3
        Mar 27, 2015 to Mar 25, 2016
      • Assets in custody · $16.2M to $20.2M
        Mar 27, 2015 to Mar 25, 2016
      • Employees · 14 to 8
        Mar 27, 2015 to Mar 25, 2016
      • Discretionary RAUM · $810M to $325M
        Mar 27, 2015 to Mar 25, 2016
      • RAUM · $810M to $325M
        Mar 27, 2015 to Mar 25, 2016
      • Accounts · 35 to 34
        Sep 15, 2014 to Mar 27, 2015
      • Advisory employees · 12 to 11
        Sep 15, 2014 to Mar 27, 2015
      • Assets in custody · $11.7M to $16.2M
        Sep 15, 2014 to Mar 27, 2015
      • Employees · 15 to 14
        Sep 15, 2014 to Mar 27, 2015
      • Private funds · 1 to 3
        Sep 15, 2014 to Mar 27, 2015
      • Discretionary RAUM · $1.2B to $810M
        Sep 15, 2014 to Mar 27, 2015
      • RAUM · $1.2B to $810M
        Sep 15, 2014 to Mar 27, 2015
      • Accounts · 40 to 35
        Jul 15, 2013 to Mar 21, 2014
      • Advisory employees · 11 to 12
        Jul 15, 2013 to Mar 21, 2014
      • Assets in custody · $2.2M to $11.7M
        Jul 15, 2013 to Mar 21, 2014
      • Employees · 13 to 15
        Jul 15, 2013 to Mar 21, 2014
      • Discretionary RAUM · $1.2B to $1.2B
        Jul 15, 2013 to Mar 21, 2014
      • RAUM · $1.2B to $1.2B
        Jul 15, 2013 to Mar 21, 2014
      • Accounts · 39 to 40
        Mar 27, 2012 to Mar 8, 2013
      • Advisory employees · unset to 11.0
        Mar 27, 2012 to Mar 8, 2013
      • Assets in custody · $1.8M to $2.2M
        Mar 27, 2012 to Mar 8, 2013
      • Employees · unset to 13.0
        Mar 27, 2012 to Mar 8, 2013
      • State-registered IARs · 0 to 1
        Mar 27, 2012 to Mar 8, 2013
      • Discretionary RAUM · $1.2B to $1.2B
        Mar 27, 2012 to Mar 8, 2013
      • RAUM · $1.2B to $1.2B
        Mar 27, 2012 to Mar 8, 2013
      Signals
      No event on the tape.
      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