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
A••••• F•••••••• A•••••••• L••
Latest filing Mar 30, 2026
First filing on the tape Mar 27, 2012 · 28 filings
SEC status approved since Jan 25, 2010
RAUM
$465M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
100%
$465M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$465M
derived; firm RAUM over IAPD count
Employees
5
1 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$465M as of Mar 30, 2026
Mar 27, 2012$136M then
HNW client RAUM$433M as of Mar 30, 2026
Mar 26, 2018$184M then
State-registered IARs (5.B.3)1 as of Mar 30, 2026
Mar 26, 20132 then
Employees (5.A)5 as of Mar 30, 2026
Mar 26, 20136 then
Private funds: no history
RAUM +15% over the last fiscal year+15% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $465MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 220derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.2MderivedHNW RAUM over HNW clients
- Average account
- $745,530derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 0.0%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 5.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived1 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
- -2.7%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client securities (9.A.1.b)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$433M93%
- Individuals$32.7M7.0%
- Individual clients
- 86reported
- HNW clients
- 134reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 624reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| T••• W•••••• S•••••Certified Financial Planner | Edina, Mn | Jun 28, 2013 | 31 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 headcount0 left over 36 months
Left, latest
- J••• F•••••• R••• to S•••••••• F••••••••• I•••Jan 3, 2023 · RIA to affiliated broker-dealer or bank
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- S•••••• T•••• W•••••• · Direct Ownercontrolsince 11/2009 · owns 75% or more
- F•••••••• D••••••• P••••• · Chief Compliance Officersince 12/2022 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Mar 30, 2026discretionary share of RAUM of 0% against a peer median of 100% (5676 comparable advisers, 0.0th percentile, 33.7 robust deviations)peers: independent wealth managers, $100M to $500M (5,676) · 0.0% percentile
What changed
consecutive filings, newest first
- Accounts · 602 to 624Nov 12, 2025 to Mar 30, 2026
- HNW clients · 136 to 134Nov 12, 2025 to Mar 30, 2026
- Individual clients · 90 to 86Nov 12, 2025 to Mar 30, 2026
- Assets in custody · $69.0M to $70.8MNov 12, 2025 to Mar 30, 2026
- HNW RAUM · $372M to $433MNov 12, 2025 to Mar 30, 2026
- Individual RAUM · $32.1M to $32.7MNov 12, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $404M to $465MNov 12, 2025 to Mar 30, 2026
- RAUM · $404M to $465MNov 12, 2025 to Mar 30, 2026
- Accounts · 591 to 602Mar 22, 2024 to Mar 27, 2025
- HNW clients · 115 to 136Mar 22, 2024 to Mar 27, 2025
- Individual clients · 96 to 90Mar 22, 2024 to Mar 27, 2025
- Assets in custody · $65.6M to $69.0MMar 22, 2024 to Mar 27, 2025
- Employees · 4 to 5Mar 22, 2024 to Mar 27, 2025
- Financial planning clients · 101-250 to 51-100Mar 22, 2024 to Mar 27, 2025
- HNW RAUM · $354M to $372MMar 22, 2024 to Mar 27, 2025
- Individual RAUM · $36.6M to $32.1MMar 22, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $390M to $404MMar 22, 2024 to Mar 27, 2025
- RAUM · $390M to $404MMar 22, 2024 to Mar 27, 2025
- Accounts · 539 to 591Dec 2, 2023 to Mar 22, 2024
- HNW clients · 104 to 115Dec 2, 2023 to Mar 22, 2024
- Individual clients · 93 to 96Dec 2, 2023 to Mar 22, 2024
- Assets in custody · $52.3M to $65.6MDec 2, 2023 to Mar 22, 2024
- HNW RAUM · $275M to $354MDec 2, 2023 to Mar 22, 2024
- Individual RAUM · $31.2M to $36.6MDec 2, 2023 to Mar 22, 2024
- Non-discretionary RAUM · $306M to $390MDec 2, 2023 to Mar 22, 2024
- RAUM · $306M to $390MDec 2, 2023 to Mar 22, 2024
- Accounts · 641 to 539Jan 21, 2023 to Mar 30, 2023
- Advisory employees · 2 to 1Jan 21, 2023 to Mar 30, 2023
- Advisory activities · 4 to 2Jan 21, 2023 to Mar 30, 2023
- BD registered reps · 3 to 1Jan 21, 2023 to Mar 30, 2023
- HNW clients · 128 to 104Jan 21, 2023 to Mar 30, 2023
- Individual clients · 128 to 93Jan 21, 2023 to Mar 30, 2023
- Pension plan clients · 3 to 0Jan 21, 2023 to Mar 30, 2023
- Commission compensation · true to falseJan 21, 2023 to Mar 30, 2023
- Assets in custody · $51.1M to $52.3MJan 21, 2023 to Mar 30, 2023
- Employees · 6 to 4Jan 21, 2023 to Mar 30, 2023
- State-registered IARs · 2 to 1Jan 21, 2023 to Mar 30, 2023
- HNW RAUM · $395M to $275MJan 21, 2023 to Mar 30, 2023
- Individual RAUM · $45.9M to $31.2MJan 21, 2023 to Mar 30, 2023
- Non-discretionary RAUM · $453M to $306MJan 21, 2023 to Mar 30, 2023
Signals
3 dated events
- A••••• F•••••••• A•••••••• L•• reported RAUM $306.1M, down 32% from $452.7M (2023-01-21 to 2023-03-30)Mar 30, 2023 · RAUM change · derived
- Francis John Ryan (Member & Chief Compliance Officer) no longer on Schedule A of A••••• F•••••••• A•••••••• L•• (listed 2022-03-29, absent 2023-01-21)Jan 21, 2023 · Control person left · inference
- J••• F•••••• R••• left A••••• F•••••••• A•••••••• L•• for S•••••••• F••••••••• I••• (registered 2022-05-20)Jan 3, 2023 · Advisor changed firm · 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
- Principal office phone
- 952-521-1625reportedpublic record, Form ADV, Mar 30, 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $465Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026