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

Balanced Asset Strategies, Ltd.

Former SEC-registered adviserLa Grange, IllinoisCRD 153520SEC 801-129990websiteIAPD
Latest filing Mar 19, 2025
First filing on the tape Mar 25, 2024 · 2 filings
SEC status approved since Apr 24, 2024
RAUM
$134M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$132M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
2 filings and snapshots on the tape
RAUM$134M as of Mar 19, 2025
Mar 25, 2024$122M then
HNW client RAUM$110M as of Mar 19, 2025
Mar 25, 2024$96.7M then
State-registered IARs (5.B.3)3 as of Mar 19, 2025
Mar 25, 20244 then
Employees (5.A)3 as of Mar 19, 2025
Mar 25, 20244 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Mar 19, 2025; every figure names its basis
RAUM per advisor
$44.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
38derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.3MderivedHNW RAUM over HNW clients
Average account
$407,171derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisers, otherreportedItem 5.G
Custody
$56.5M, 54 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$110M83%
  • Individuals$21.1M16%
  • Charitable organizations$2.0M1.5%
Individual clients
67reported
HNW clients
47reported
Pension plan clients
n/areported
Charitable clients
1reported
Accounts
328reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$56.5M for 54 clientsreported
Compensation
% of AUM, 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
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 days2 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • James Gazis · President, Chief Compliance Officercontrol
    since 01/2008 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
La Grange, Il · principal001
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 354 to 328
    Mar 25, 2024 to Mar 19, 2025
  • Advisory employees · 2 to 3
    Mar 25, 2024 to Mar 19, 2025
  • HNW clients · 40 to 47
    Mar 25, 2024 to Mar 19, 2025
  • Individual clients · 72 to 67
    Mar 25, 2024 to Mar 19, 2025
  • Assets in custody · $20.2M to $56.5M
    Mar 25, 2024 to Mar 19, 2025
  • Employees · 4 to 3
    Mar 25, 2024 to Mar 19, 2025
  • Financial planning clients · 1-10 to 1-10
    Mar 25, 2024 to Mar 19, 2025
  • State-registered IARs · 4 to 3
    Mar 25, 2024 to Mar 19, 2025
  • Discretionary RAUM · $122M to $134M
    Mar 25, 2024 to Mar 19, 2025
  • HNW RAUM · $96.7M to $110M
    Mar 25, 2024 to Mar 19, 2025
  • Individual RAUM · $23.0M to $21.1M
    Mar 25, 2024 to Mar 19, 2025
  • RAUM · $122M to $134M
    Mar 25, 2024 to Mar 19, 2025
Signals
4 dated events
  • Balanced Asset Strategies, Ltd. no longer on the SEC adviser roster (last listed 2025-09-02, RAUM $133.6M)
    Dec 20, 2025 · Left the SEC roster · derived
  • James Gazis left Balanced Asset Strategies, Ltd. for Independent Financial Partners (registered 2025-08-21)
    Oct 10, 2025 · Advisor changed firm · fact
  • Theodore J Gazis left Balanced Asset Strategies, Ltd. for Morgan Stanley (registered 2025-07-06)
    Jun 18, 2025 · Advisor changed firm · fact
  • Balanced Asset Strategies, Ltd. filed its initial SEC registration (Form ADV)
    Mar 25, 2024 · 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