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.
Former SEC-registered adviser
Summit Wealth Advocates, LLC
Latest filing Dec 26, 2023
First filing on the tape Nov 13, 2017 · 17 filings
RAUM
$315M
reported, Item 5.F
Discretionary
94%
of RAUM
Private clients
100%
$315M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
5 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$315M as of Feb 7, 2023
Mar 20, 2018$130M then
HNW client RAUM$246M as of Feb 7, 2023
Mar 20, 2018$93.1M then
State-registered IARs (5.B.3)6 as of Feb 7, 2023
Mar 20, 20184 then
Employees (5.A)8 as of Feb 7, 2023
Mar 20, 20184 then
Private funds: no history
RAUM -11% over the last fiscal year+18% a year over threeIARs 7 to 4offices 4 to 3
Practice profile
derived from the filing of Dec 26, 2023; every figure names its basis
- RAUM per advisor
- $78.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 141derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.1MderivedHNW RAUM over HNW clients
- Average account
- $222,729derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 94%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- -11%derivedbetween the last two annual amendments
- Advisor growth, one year
- -14%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +7.4%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
- Custody
- $63.4M, 154 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)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$246M78%
- Individuals$68.7M22%
- Corporations and businesses$2,7760.0%
- Individual clients
- 345reported
- HNW clients
- 219reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 1,414reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $63.4M for 154 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- 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
- Anita Kalafut to Avantax Planning Partners, Inc.Mar 28, 2024 · RIA to affiliated broker-dealer or bank
- Rebecca Botzet to Avantax Planning Partners, Inc.Mar 28, 2024 · RIA to affiliated broker-dealer or bank
- Matthew Wright to Avantax Planning Partners, Inc.Mar 28, 2024 · RIA to affiliated broker-dealer or bank
- Steven Yateka Tecker to Carlson Capital Management, LLCMar 31, 2023 · RIA to RIA
- Mathew Red Hawk Thomsen to Schwab Wealth Advisory, Inc.Jan 11, 2023 · Other
- Jackson B Potter to Potter Financial Solutions, Inc.Jul 22, 2021 · Other
Joined, latest
- Mathew Red Hawk Thomsen from Ameriprise Financial Services, LLCSep 8, 2022 · Affiliated broker-dealer or bank to independent RIA
- Steven Yateka Tecker from Fidelity Personal And Workplace AdvisorsApr 27, 2021 · Affiliated broker-dealer or bank to independent RIA
- Anita Kalafut from Paradigm, Strategies In Wealth Management, LLCNov 19, 2019 · RIA to RIA
- Matthew Wright from Ameriprise Financial Services, LLCSep 1, 2016 · Affiliated broker-dealer or bank to independent RIA
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for Avantax Planning Partners, Inc.Mar 28, 2024 · Prior Lake, Mn · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Rilynn Melissa Loner · Chief Compliance Officercontrolsince 06/2023 · owns less than 5%
- Christopher Todd Mackay · Presidentcontrolsince 06/2023 · owns less than 5%
Entity owners
- Avantax Wm Holdings, Inc. · Sole Shareholderdirect · owns 75% or more
- Aretec Group, Inc. Dba Cetera Holdings · Sole Memberindirect · owns 75% or more of Avantax, Inc.
- Avantax Holdings LLC · Shareholderindirect · owns 75% or more of Project Baseball Sub, Inc.
- Avantax, Inc. · Shareholderindirect · owns 75% or more of Avantax Holdings LLC
- Gc Three Holdings, Inc. · Ownerindirect · owns 75% or more of Gc Two Intermediate Holdings, Inc.
- Gc Two Intermediate Holdings, Inc. · Ownerindirect · owns 75% or more of Aretec Group, Inc. Dba Cetera Holdings
- Project Baseball Sub, Inc. · Shareholderindirect · owns 75% or more of Avantax Wm Holdings, Inc.
Related persons
Schedule D 7.A
- Avantax Advisory Servicesinvestment advisernRAUM $46B
- Avantax Insurance Agency, LLCreal estaten
- Avantax Insurance Services, LLCreal estaten
- Avantax Investment Services, Inc.broker-dealern
- Avantax Planning Partners, Inc.investment advisernRAUM $7.6B
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Prior Lake, Mn | 0 | 0 | 0 | ||
| Coon Rapids, Mn | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- St. Louis Park, MN1 employees
- , 1 employees
What changed
consecutive filings, newest first
- Advisory employees · 6 to 5Feb 7, 2023 to Jul 27, 2023
- State-registered IARs · 6 to 4Feb 7, 2023 to Jul 27, 2023
- Other offices · 4 to 3Feb 7, 2023 to Jul 27, 2023
- Related adviser · false to trueFeb 7, 2023 to Jul 27, 2023
- Related broker-dealer · false to trueFeb 7, 2023 to Jul 27, 2023
- Accounts · 1,310 to 1,414Feb 18, 2022 to Feb 7, 2023
- Advisory employees · 7 to 6Feb 18, 2022 to Feb 7, 2023
- HNW clients · 218 to 219Feb 18, 2022 to Feb 7, 2023
- Individual clients · 307 to 345Feb 18, 2022 to Feb 7, 2023
- Assets in custody · $67.9M to $63.4MFeb 18, 2022 to Feb 7, 2023
- Financial planning clients · 1-10 to 0Feb 18, 2022 to Feb 7, 2023
- State-registered IARs · 7 to 6Feb 18, 2022 to Feb 7, 2023
- Discretionary RAUM · $329M to $295MFeb 18, 2022 to Feb 7, 2023
- HNW RAUM · $285M to $246MFeb 18, 2022 to Feb 7, 2023
- Individual RAUM · $68.9M to $68.7MFeb 18, 2022 to Feb 7, 2023
- Non-discretionary RAUM · $24.8M to $19.8MFeb 18, 2022 to Feb 7, 2023
- RAUM · $354M to $315MFeb 18, 2022 to Feb 7, 2023
- Accounts · 1,201 to 1,310Aug 31, 2021 to Feb 18, 2022
- Advisory employees · 6 to 7Aug 31, 2021 to Feb 18, 2022
- HNW clients · 305 to 218Aug 31, 2021 to Feb 18, 2022
- Individual clients · 193 to 307Aug 31, 2021 to Feb 18, 2022
- Assets in custody · $57.4M to $67.9MAug 31, 2021 to Feb 18, 2022
- Employees · 7 to 8Aug 31, 2021 to Feb 18, 2022
- Financial planning clients · 101-250 to 1-10Aug 31, 2021 to Feb 18, 2022
- State-registered IARs · 6 to 7Aug 31, 2021 to Feb 18, 2022
- Other offices · 5 to 4Aug 31, 2021 to Feb 18, 2022
- Discretionary RAUM · $261M to $329MAug 31, 2021 to Feb 18, 2022
- HNW RAUM · $218M to $285MAug 31, 2021 to Feb 18, 2022
- Individual RAUM · $65.8M to $68.9MAug 31, 2021 to Feb 18, 2022
- Non-discretionary RAUM · $23.5M to $24.8MAug 31, 2021 to Feb 18, 2022
- RAUM · $284M to $354MAug 31, 2021 to Feb 18, 2022
- Accounts · 877 to 1,201Sep 2, 2020 to Feb 22, 2021
- Advisory employees · 5 to 6Sep 2, 2020 to Feb 22, 2021
- Corporate clients · 2 to 1Sep 2, 2020 to Feb 22, 2021
- HNW clients · 119 to 305Sep 2, 2020 to Feb 22, 2021
- Individual clients · 231 to 193Sep 2, 2020 to Feb 22, 2021
- Assets in custody · $46.2M to $57.4MSep 2, 2020 to Feb 22, 2021
- Employees · 6 to 7Sep 2, 2020 to Feb 22, 2021
- State-registered IARs · 5 to 6Sep 2, 2020 to Feb 22, 2021
- Other offices · 2 to 5Sep 2, 2020 to Feb 22, 2021
Signals
17 dated events
- Rebecca Botzet left Summit Wealth Advocates, Llc for Avantax Planning Partners, Inc. (registered 2023-11-30)Mar 28, 2024 · Advisor changed firm · fact
- Anita Kalafut left Summit Wealth Advocates, Llc for Avantax Planning Partners, Inc. (registered 2023-11-28)Mar 28, 2024 · Advisor changed firm · fact
- Matthew Wright left Summit Wealth Advocates, Llc for Avantax Planning Partners, Inc. (registered 2023-08-03)Mar 28, 2024 · Advisor changed firm · fact
- Summit Wealth Advocates, LLC's advisors moved to Avantax Planning Partners, Inc. (Prior Lake, MN): 3 of 3 registered, on the same dayMar 28, 2024 · Firm absorbed (people side) · derived
- William Christopher Walters (Chief Executive Officer) no longer on Schedule A of Summit Wealth Advocates, Llc (listed 2023-07-27, absent 2023-12-26)Dec 26, 2023 · Control person left · inference
- S Marc Mehlman (Chief Financial Officer) no longer on Schedule A of Summit Wealth Advocates, Llc (listed 2023-07-27, absent 2023-12-26)Dec 26, 2023 · Control person left · inference
- Thomas Tabitha Bailey (Chief Legal Officer) no longer on Schedule A of Summit Wealth Advocates, Llc (listed 2023-07-27, absent 2023-12-26)Dec 26, 2023 · Control person left · inference
- William Christopher Walters (Chief Executive Officer) appeared on Schedule A of Summit Wealth Advocates, LlcJul 27, 2023 · Control person joined · fact
- Christopher Todd Mackay (President) appeared on Schedule A of Summit Wealth Advocates, LlcJul 27, 2023 · Control person joined · fact
- S Marc Mehlman (Chief Financial Officer) appeared on Schedule A of Summit Wealth Advocates, LlcJul 27, 2023 · Control person joined · fact
- Rilynn Melissa Loner (Chief Compliance Officer) appeared on Schedule A of Summit Wealth Advocates, LlcJul 27, 2023 · Control person joined · fact
- Thomas Tabitha Bailey (Chief Legal Officer) appeared on Schedule A of Summit Wealth Advocates, LlcJul 27, 2023 · Control person joined · fact
- Albert Bruce Primeau (President) no longer on Schedule A of Summit Wealth Advocates, Llc (listed 2023-02-07, absent 2023-07-27)Jul 27, 2023 · Control person left · inference
- Steven Yateka Tecker left Summit Wealth Advocates, Llc for Carlson Capital Management, Llc (registered 2023-04-06)Mar 31, 2023 · Advisor changed firm · fact
- Allen Jon Govin (Vice-President) no longer on Schedule A of Summit Wealth Advocates, Llc (listed 2022-02-18, absent 2023-02-07)Feb 7, 2023 · Control person left · inference
- Mathew Red Hawk Thomsen left Summit Wealth Advocates, Llc for Schwab Wealth Advisory, Inc. (registered 2026-09-08)Jan 11, 2023 · Advisor changed firm · fact
- Summit Wealth Advocates, Llc filed its initial SEC registration (Form ADV)Nov 13, 2017 · 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.
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