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.
Latest filing Mar 2, 2026
First filing on the tape May 28, 2021 · 28 filings
SEC status approved since Jun 28, 2021
RAUM
$2.8B
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
3.1%
$85.2M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$462M
derived; firm RAUM over IAPD count
Employees
6
6 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$2.8B as of Mar 2, 2026
Mar 2, 2022$301M then
HNW client RAUM$68.1M as of Mar 2, 2026
Mar 2, 2022$2.6M then
State-registered IARs (5.B.3)6 as of Mar 2, 2026
Mar 2, 20223 then
Employees (5.A)6 as of Mar 2, 2026
Mar 2, 20223 then
Private funds: no history
RAUM +51% over the last fiscal year+44% a year over threeIARs 3 to 6offices 3 to 2
Practice profile
derived from the filing of Mar 2, 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
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $462MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 20derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.1MderivedHNW RAUM over HNW clients
- Average account
- $1.4MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 97%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +51%derivedbetween the last two annual amendments
- Advisor growth, one year
- +100%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -1.7%derived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$2.7B97%
- High-net-worth individuals$68.1M2.5%
- Individuals$17.1M0.6%
- Individual clients
- 87reported
- HNW clients
- 32reported
- Pension plan clients
- 1,739reported
- Charitable clients
- n/areported
- Accounts
- 1,959reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.03 fund_share=0.0 institutional_share=0.97 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Sheri Annis BakerPersonal Financial Specialist | Littleton, Co | Jun 8, 2010 | 27 y | 1 |
| Quintan Adam Kocher | Littleton, Co | Mar 27, 2012 | 14 y | 0 |
| Gregory Michael Bakke | Littleton, Co | Jan 4, 2022 | 17 y | 4 |
| Natalie Margaret Neaton | Littleton, Co | May 27, 2025 | 16 y | 4 |
| Christopher Scott Hillier | Littleton, Co | May 27, 2025 | 18 y | 1 |
| Toby Ryan Martinez | Waco, Tx | Nov 26, 2025 | 13 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount2 left over 36 months
Left, latest
- Colin Stevens Dixon to Millennium Investment And Retirement Advisors, LLCSep 20, 2024 · Other
- Leslie Penka to Dai Wealth, LLCDec 15, 2023 · Other
- Richard Mark Kleshinski to Pinnacle Advisory Services, LLCMay 17, 2019 · Other
- Joshua Michael Hartzler to Hummel Wealth Management, LLCAug 20, 2013 · Other
- Angelo Manzo to Morgan StanleyJun 18, 2010 · Other
Joined, latest
- Toby Ryan Martinez from Dimensional Fund Advisors LPNov 26, 2025 · Other
- Natalie Margaret Neaton from Dmk Advisor Group, Inc.May 27, 2025 · Other
- Christopher Scott Hillier from Aveo Capital Partners, LLCMay 27, 2025 · Other
- Leslie Penka from Newedge AdvisorsJul 14, 2023 · Other
- Gregory Michael Bakke from Newedge AdvisorsJan 4, 2022 · Other
- Angelo Manzo from Km&M Pinnacle, Ltd.Jun 8, 2010 · Other
- Joshua Michael Hartzler from Km&M Pinnacle, Ltd.Jun 8, 2010 · Other
- Sheri Annis Baker from Km&M Pinnacle, Ltd.Jun 8, 2010 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Annis Sheri Baker · Chief Compliance Officer, Chief Financial Officercontrolsince 12/2009 · owns less than 5%
- Michael Gregory Bakke · Ceocontrolsince 12/2020 · owns less than 5%
Entity owners
- July Business Services Holdings, LLC · Memberdirect · owns 75% or more
- Jbs Holdings Group, LLC · Memberindirect · owns 25% to 50% of July Business Services Holdings, LLC
- Platform July Business Services Holdings, LLC · Memberindirect · owns 50% to 75% of July Business Services Holdings, LLC
Related persons
Schedule D 7.A
- Summit Benefits Insurance, LLCreal estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Littleton, Co | 6 | 1 | 0 | ||
| Winston Salem, Nc | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Waco, TX1 employees
- , 1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- RAUM up clients flatCombination · filing Mar 2, 2026RAUM grew 50 percent or more while private clients stayed within 5 percent: existing clients grew, a few large clients arrived, or a reporting change. RAUM $1,835,744,176 to $2,772,194,954, advisors 3 to 6, private clients 121 to 119, offices 3 to 2 (2025-03-14 to 2026-03-02)peers: institutional managers, $1B to $5B (121)
- RAUM up 50 %Change between filings · filing Mar 2, 2026RAUM (Item 5.F) moved from $1,835,744,176 to $2,772,194,954 (+51.0%) between the annual amendments of 2025-03-14 and 2026-03-02; the peer median change was +15.0% (105 comparable advisers, 91.0th percentile of changes)peers: institutional managers, $1B to $5B (105) · 91% percentile
What changed
consecutive filings, newest first
- Accounts · 1,670 to 1,959Jul 9, 2025 to Mar 2, 2026
- Advisory employees · 3 to 6Jul 9, 2025 to Mar 2, 2026
- HNW clients · 35 to 32Jul 9, 2025 to Mar 2, 2026
- Individual clients · 86 to 87Jul 9, 2025 to Mar 2, 2026
- Pension plan clients · 1,478 to 1,739Jul 9, 2025 to Mar 2, 2026
- State-registered IARs · 3 to 6Jul 9, 2025 to Mar 2, 2026
- Discretionary RAUM · $1.8B to $2.7BJul 9, 2025 to Mar 2, 2026
- HNW RAUM · $57.9M to $68.1MJul 9, 2025 to Mar 2, 2026
- Individual RAUM · $12.4M to $17.1MJul 9, 2025 to Mar 2, 2026
- Non-discretionary RAUM · $61.3M to $76.0MJul 9, 2025 to Mar 2, 2026
- Pension RAUM · $1.8B to $2.7BJul 9, 2025 to Mar 2, 2026
- RAUM · $1.8B to $2.8BJul 9, 2025 to Mar 2, 2026
- Financial planning clients · 26-50 to 26-50Jun 11, 2025 to Jul 9, 2025
- Other offices · 3 to 2Jun 11, 2025 to Jul 9, 2025
- Accounts · 1,521 to 1,670Oct 25, 2024 to Mar 14, 2025
- HNW clients · 22 to 35Oct 25, 2024 to Mar 14, 2025
- Individual clients · 90 to 86Oct 25, 2024 to Mar 14, 2025
- Pension plan clients · 1,330 to 1,478Oct 25, 2024 to Mar 14, 2025
- Assets in custody · 1401353.0 to unsetOct 25, 2024 to Mar 14, 2025
- Custody of client assets · true to falseOct 25, 2024 to Mar 14, 2025
- HQ city · unset to Oct 25, 2024 to Mar 14, 2025
- HQ state · unset to Oct 25, 2024 to Mar 14, 2025
- Discretionary RAUM · $1.3B to $1.8BOct 25, 2024 to Mar 14, 2025
- HNW RAUM · $55.4M to $57.9MOct 25, 2024 to Mar 14, 2025
- Individual RAUM · $15.9M to $12.4MOct 25, 2024 to Mar 14, 2025
- Non-discretionary RAUM · $59.1M to $61.3MOct 25, 2024 to Mar 14, 2025
- Pension RAUM · $1.3B to $1.8BOct 25, 2024 to Mar 14, 2025
- RAUM · $1.4B to $1.8BOct 25, 2024 to Mar 14, 2025
- Accounts · 1,241 to 1,521Aug 1, 2023 to Mar 1, 2024
- HNW clients · 25 to 22Aug 1, 2023 to Mar 1, 2024
- Individual clients · 110 to 90Aug 1, 2023 to Mar 1, 2024
- Pension plan clients · 1,042 to 1,330Aug 1, 2023 to Mar 1, 2024
- Employees · 4 to 6Aug 1, 2023 to Mar 1, 2024
- HQ city · MANSFIELD to unsetAug 1, 2023 to Mar 1, 2024
- HQ state · OH to unsetAug 1, 2023 to Mar 1, 2024
- Discretionary RAUM · $886M to $1.3BAug 1, 2023 to Mar 1, 2024
- HNW RAUM · $19.4M to $55.4MAug 1, 2023 to Mar 1, 2024
- Individual RAUM · $7.9M to $15.9MAug 1, 2023 to Mar 1, 2024
- Non-discretionary RAUM · $45.9M to $59.1MAug 1, 2023 to Mar 1, 2024
- Pension RAUM · $901M to $1.3BAug 1, 2023 to Mar 1, 2024
Signals
15 dated events
- Expand Financial, Llc reported RAUM $2.8B, up 51% from $1.8B (2025-07-09 to 2026-03-02)Mar 2, 2026 · RAUM change · derived
- Expand Financial, Llc reported RAUM $1.8B, up 31% from $1.4B (2024-10-25 to 2025-03-14)Mar 14, 2025 · RAUM change · derived
- Colin Stevens Dixon left Expand Financial, Llc for Millennium Investment And Retirement Advisors, Llc (registered 2024-09-20)Sep 20, 2024 · Advisor changed firm · fact
- Expand Financial, Llc reported RAUM $1.4B, up 50% from $931.9M (2023-08-01 to 2024-03-01)Mar 1, 2024 · RAUM change · derived
- Leslie Penka left Expand Financial, Llc for Dai Wealth, Llc (registered 2024-01-02)Dec 15, 2023 · Advisor changed firm · fact
- Expand Financial, Llc reported RAUM $931.9M, up 210% from $300.9M (2023-01-03 to 2023-02-06)Feb 6, 2023 · RAUM change · derived
- Michael Gregory Bakke (President / Ceo) appeared on Schedule A of Expand Financial, LlcNov 28, 2022 · Control person joined · fact
- Mack John Humphrey (Member) no longer on Schedule A of Expand Financial, Llc (listed 2022-10-31, absent 2022-10-31)Oct 31, 2022 · Control person left · inference
- Michael Gregory Bakke (President/Ceo) no longer on Schedule A of Expand Financial, Llc (listed 2022-10-25, absent 2022-10-31)Oct 31, 2022 · Control person left · inference
- Dan James Hudson (Member) no longer on Schedule A of Expand Financial, Llc (listed 2022-10-25, absent 2022-10-31)Oct 31, 2022 · Control person left · inference
- James D Hudson (Member) no longer on Schedule A of Expand Financial, Llc (listed 2021-05-28, absent 2021-06-03)Jun 3, 2021 · Control person left · inference
- John M Humphrey (Member) no longer on Schedule A of Expand Financial, Llc (listed 2021-05-28, absent 2021-06-03)Jun 3, 2021 · Control person left · inference
- Dan James Hudson (Member) appeared on Schedule A of Expand Financial, LlcJun 3, 2021 · Control person joined · fact
- Mack John Humphrey (Member) appeared on Schedule A of Expand Financial, LlcJun 3, 2021 · Control person joined · fact
- Boa, Llc filed its initial SEC registration (Form ADV)May 28, 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
- Firm profile
- linkedin.com/company/82755062/admin/feed/postsreportedpublic record, Form ADV, Sep 18, 2026
- Website
- expandwealth.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 720-387-8158reportedpublic record, Form ADV, Mar 2, 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
- $462Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026