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

B••••••••• A•••• M••••••••• L••

Asset manager (funds and pooled vehicles)Wheaton, IllinoisCRD 153467SEC 801-72780websiteIAPD
Latest filing Feb 4, 2026
First filing on the tape Mar 29, 2012 · 65 filings
SEC status approved since Nov 28, 2011
RAUM
$598M
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
5
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
65 filings and snapshots on the tape
RAUM$598M as of Feb 4, 2026
Mar 29, 2012$103M then
HNW client RAUM$385M as of Mar 31, 2021
Mar 30, 2018$256M then
State-registered IARs (5.B.3)4 as of Feb 4, 2026
Mar 12, 20131 then
Employees (5.A)5 as of Feb 4, 2026
Mar 12, 20134 then
Private funds: no history
RAUM +18% over the last fiscal year+40% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Feb 4, 2026; every figure names its basis
RAUM per advisor
$149MderivedRAUM 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
$74.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
2.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+18%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 assetsreportedItem 5.E
Advisory activities
portfolio management for investment companiesreportedItem 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
  • Investment companies$598M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
8reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
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
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • D•••••• M•••• W•••••• · Chief Investment Officercontrol
      since 09/2021 · owns less than 5%
    • L•••••• M••••••• L•• · Chief Compliance Officercontrol
      since 06/2021 · owns less than 5%
    • R••••••• D•••••• D•••••• · President And Chief Operating Officercontrol
      since 07/2020 · owns less than 5%
    • Z••••• N••••• ••••• · Chief Executive Officercontrol
      since 07/2020 · owns less than 5%
    • C••••• J••••• M•••••• · Vp, Relationship Manager
      since 07/2020 · owns less than 5%
    • V••••••••• J•••• G••••• · Vp Of Operations
      since 07/2020 · owns less than 5%
    Entity owners
    • B••••••••• C•••••• M••••••••• L•• · Member
      direct · owns 75% or more
    • A• B••• L•• · Member
      indirect · owns 75% or more of B••••••••• C•••••• M••••••••• L••
    • Z•••• R••• L•• · Member
      indirect · owns 25% to 50% of B••••••••• C•••••• M••••••••• L••
    Related persons
    Schedule D 7.A
    Advisers that list B••••••••• A•••• M••••••••• L•• as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Wheaton, Il · principal001
    Offices
    Schedule D 1.F, the 25 largest
    • Grand Rapids, MI2 employees
    What changed
    consecutive filings, newest first
    • Discretionary RAUM · $508M to $598M
      Jan 31, 2025 to Feb 4, 2026
    • RAUM · $508M to $598M
      Jan 31, 2025 to Feb 4, 2026
    • Advisory employees · 5 to 4
      Mar 5, 2024 to Jan 31, 2025
    • Employees · 6 to 5
      Mar 5, 2024 to Jan 31, 2025
    • Financial planning clients · 0 to 0
      Mar 5, 2024 to Jan 31, 2025
    • State-registered IARs · 5 to 4
      Mar 5, 2024 to Jan 31, 2025
    • Discretionary RAUM · $385M to $508M
      Mar 5, 2024 to Jan 31, 2025
    • RAUM · $385M to $508M
      Mar 5, 2024 to Jan 31, 2025
    • Discretionary RAUM · $88.9M to $385M
      Nov 2, 2023 to Mar 5, 2024
    • RAUM · $88.9M to $385M
      Nov 2, 2023 to Mar 5, 2024
    • Accounts · 4 to 8
      May 22, 2023 to Nov 2, 2023
    • Business name · F•••••• F•••• I••••••••• to B••••••••• A•••• M••••••••• L••
      May 22, 2023 to Nov 2, 2023
    • Charity clients · 0.0 to unset
      May 22, 2023 to Nov 2, 2023
    • Individual clients · 0.0 to unset
      May 22, 2023 to Nov 2, 2023
    • Pooled vehicle clients · 0.0 to unset
      May 22, 2023 to Nov 2, 2023
    • Legal name · F•••••• F•••• I•••••••••, LLC to B••••••••• A•••• M••••••••• L••
      May 22, 2023 to Nov 2, 2023
    • Discretionary RAUM · $220M to $88.9M
      May 22, 2023 to Nov 2, 2023
    • Individual RAUM · 0.0 to unset
      May 22, 2023 to Nov 2, 2023
    • RAUM · $220M to $88.9M
      May 22, 2023 to Nov 2, 2023
    • Accounts · 535 to 4
      Nov 22, 2022 to Feb 23, 2023
    • a••••••y activity count · 3 to 1
      Nov 22, 2022 to Feb 23, 2023
    • Individual clients · 450 to 0
      Nov 22, 2022 to Feb 23, 2023
    • Financial planning clients · 101-250 to 0
      Nov 22, 2022 to Feb 23, 2023
    • Discretionary RAUM · $484M to $220M
      Nov 22, 2022 to Feb 23, 2023
    • Individual RAUM · $43.2M to $0
      Nov 22, 2022 to Feb 23, 2023
    • RAUM · $484M to $220M
      Nov 22, 2022 to Feb 23, 2023
    • Wrap assets (manager) · 42000000.0 to unset
      Nov 22, 2022 to Feb 23, 2023
    • Wrap assets (sponsor) · 42000000.0 to unset
      Nov 22, 2022 to Feb 23, 2023
    • Accounts · 22,839 to 535
      Oct 27, 2021 to Mar 30, 2022
    • Advisory employees · 30 to 5
      Oct 27, 2021 to Mar 30, 2022
    • a••••••y activity count · 7 to 3
      Oct 27, 2021 to Mar 30, 2022
    • Charity clients · 2 to 0
      Oct 27, 2021 to Mar 30, 2022
    • Corporate clients · 82.0 to unset
      Oct 27, 2021 to Mar 30, 2022
    • HNW clients · 349.0 to unset
      Oct 27, 2021 to Mar 30, 2022
    • Individual clients · 21,909 to 450
      Oct 27, 2021 to Mar 30, 2022
    • Pension plan clients · 16.0 to unset
      Oct 27, 2021 to Mar 30, 2022
    • Assets in custody · 160500000.0 to unset
      Oct 27, 2021 to Mar 30, 2022
    • Employees · 30 to 6
      Oct 27, 2021 to Mar 30, 2022
    • Insurance-licensed employees · 9 to 0
      Oct 27, 2021 to Mar 30, 2022
    • Financial planning clients · More than 500 to 101-250
      Oct 27, 2021 to Mar 30, 2022
    Signals
    15 dated events
    • J•••• M•••••• C•••• no longer registered at B••••••••• A•••• M••••••••• L••; no later IA registration on IAPD
      Jul 7, 2026 · a•••••• departure · fact
    • B••••••••• A•••• M••••••••• L•• reported RAUM $507.6M, up 32% from $384.9M (2024-03-05 to 2025-01-31)
      Jan 31, 2025 · RAUM change · derived
    • B••••••••• A•••• M••••••••• L•• reported RAUM $384.9M, up 333% from $88.9M (2023-11-02 to 2024-03-05)
      Mar 5, 2024 · RAUM change · derived
    • B••••••••• A•••• M••••••••• L•• reported RAUM $88.9M, down 60% from $219.6M (2023-05-22 to 2023-11-02)
      Nov 2, 2023 · RAUM change · derived
    • W•••••• M••• D••••• (Chief Investment Officer) appeared on Schedule A of B••••••••• A•••• M••••••••• L••
      Nov 2, 2023 · Control person joined · fact
    • B••••••••• A•••• M••••••••• L•• reported RAUM $219.6M, down 55% from $484.3M (2022-11-22 to 2023-02-23)
      Feb 23, 2023 · RAUM change · derived
    • B••••••••• A•••• M••••••••• L•• reported RAUM $484.3M, down 86% from $3.5B (2021-10-27 to 2022-03-30)
      Mar 30, 2022 · RAUM change · derived
    • B••••••••• A•••• M••••••••• L•• reported 5 state-registered a••••••y representatives, down from 30 (2021-10-27 to 2022-03-30)
      Mar 30, 2022 · ria a•••••• headcount change · derived
    • L•••• D••••••• T•••• (Chief Compliance Officer) no longer on Schedule A of B••••••••• A•••• M••••••••• L•• (listed 2021-03-31, absent 2021-06-30)
      Jun 30, 2021 · Control person left · inference
    • Lee M•••••• L••••• (Chief Compliance Officer) appeared on Schedule A of B••••••••• A•••• M••••••••• L••
      Jun 30, 2021 · Control person joined · fact
    • B••••••••• A•••• M••••••••• L•• reported 30 state-registered a••••••y representatives, up from 15 (2020-11-16 to 2021-03-31)
      Mar 31, 2021 · ria a•••••• headcount change · derived
    • M•••• D•••• F••••• (Chief Financial Officer / Chief Administration Officer) no longer on Schedule A of B••••••••• A•••• M••••••••• L•• (listed 2020-08-20, absent 2020-11-16)
      Nov 16, 2020 · Control person left · inference
    • D•••••• D••••• R•••••• (Chief Operating Officer) appeared on Schedule A of B••••••••• A•••• M••••••••• L••
      Aug 10, 2020 · Control person joined · fact
    • "D•••" N•••• Z•••• (Chief Executive Officer) appeared on Schedule A of B••••••••• A•••• M••••••••• L••
      Aug 10, 2020 · Control person joined · fact
    • W••••• J•••• W••• (Chief People Officer) no longer on Schedule A of B••••••••• A•••• M••••••••• L•• (listed 2019-09-20, absent 2019-10-25)
      Oct 25, 2019 · Control person left · inference
    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
    Website
    H•••://b•••••••••am.comreportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    630-653-1400reportedpublic record, Form ADV, Feb 4, 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
    Asset manager (funds and pooled vehicles)deriveda 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