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

Harbor Wealth Management, LLC

Former SEC-registered adviserGreen Bay, WisconsinCRD 153527SEC 801-86172websiteIAPD
Latest filing Feb 10, 2026
First filing on the tape Mar 5, 2012 · 43 filings
SEC status approved since Apr 16, 2015
RAUM
$410M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$410M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$410M as of Feb 10, 2026
Mar 5, 2012$57.6M then
HNW client RAUM$324M as of Feb 10, 2026
Mar 20, 2018$77.9M then
State-registered IARs (5.B.3)4 as of Feb 10, 2026
Mar 5, 20120 then
Employees (5.A)6 as of Feb 10, 2026
Mar 7, 20168 then
Private funds: no history
RAUM +13% over the last fiscal year+12% a year over threeIARs 0 to 4
Practice profile
derived from the filing of Feb 10, 2026; every figure names its basis
RAUM per advisor
$103MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
93derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.7MderivedHNW RAUM over HNW clients
Average account
$292,576derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+13%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
-1.3%derived
Compensation
percentage of assets, hourly, fixed fees, commissionsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisers, otherreportedItem 5.G
Custody
$273M, 367 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
  • is an insurance broker or agent (6.A.6)
  • 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)
  • 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$324M79%
  • Individuals$86.5M21%
Individual clients
249reported
HNW clients
121reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
1,403reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
$273M for 367 clientsreported
Compensation
% of AUM, fixed, hourly, commissionsreported
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
5 left, 0 joined in 12 months
net -5 in 12 months0 left in 90 days0 joined in 90 days6 left over 36 months
Left, 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
    • Anthony Eric Heus · Managing Membercontrol
      since 10/2007 · owns 50% to 75%
    • D Brent Polzin · Managing Membercontrol
      since 10/2007 · owns 50% to 75%
    • Joseph Gery Sadzewicz · Chief Compliance Officer
      since 04/2010 · owns less than 5%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Green Bay, Wi · principal005
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • RAUM · $363M to $410M
      Nov 14, 2025 to Feb 10, 2026
    • Accounts · 1,337 to 1,403
      Nov 14, 2025 to Feb 10, 2026
    • HNW clients · 111 to 121
      Nov 14, 2025 to Feb 10, 2026
    • Individual clients · 264 to 249
      Nov 14, 2025 to Feb 10, 2026
    • Assets in custody · $240M to $273M
      Nov 14, 2025 to Feb 10, 2026
    • State-registered IARs · 0 to 4
      Nov 14, 2025 to Feb 10, 2026
    • Discretionary RAUM · $363M to $410M
      Nov 14, 2025 to Feb 10, 2026
    • HNW RAUM · $285M to $324M
      Nov 14, 2025 to Feb 10, 2026
    • Individual RAUM · $77.9M to $86.5M
      Nov 14, 2025 to Feb 10, 2026
    • Advisory activities · 3 to 4
      Feb 25, 2025 to Jul 21, 2025
    • Financial planning clients · 251-500 to 251-500
      Feb 25, 2025 to Jul 21, 2025
    • Accounts · 1,269 to 1,337
      Sep 23, 2024 to Feb 25, 2025
    • HNW clients · 97 to 111
      Sep 23, 2024 to Feb 25, 2025
    • Individual clients · 265 to 264
      Sep 23, 2024 to Feb 25, 2025
    • Assets in custody · $211M to $240M
      Sep 23, 2024 to Feb 25, 2025
    • Discretionary RAUM · $322M to $363M
      Sep 23, 2024 to Feb 25, 2025
    • HNW RAUM · $242M to $285M
      Sep 23, 2024 to Feb 25, 2025
    • Individual RAUM · $79.6M to $77.9M
      Sep 23, 2024 to Feb 25, 2025
    • RAUM · $322M to $363M
      Sep 23, 2024 to Feb 25, 2025
    • Accounts · 1,229 to 1,269
      Sep 12, 2023 to Feb 13, 2024
    • HNW clients · 93 to 97
      Sep 12, 2023 to Feb 13, 2024
    • Individual clients · 263 to 265
      Sep 12, 2023 to Feb 13, 2024
    • Assets in custody · $209M to $211M
      Sep 12, 2023 to Feb 13, 2024
    • Discretionary RAUM · $294M to $322M
      Sep 12, 2023 to Feb 13, 2024
    • HNW RAUM · $216M to $242M
      Sep 12, 2023 to Feb 13, 2024
    • Individual RAUM · $78.4M to $79.6M
      Sep 12, 2023 to Feb 13, 2024
    • RAUM · $294M to $322M
      Sep 12, 2023 to Feb 13, 2024
    • Accounts · 1,626 to 1,229
      Jan 26, 2023 to Feb 23, 2023
    • Advisory employees · 4 to 5
      Jan 26, 2023 to Feb 23, 2023
    • Individual clients · 249 to 263
      Jan 26, 2023 to Feb 23, 2023
    • Pension plan clients · unset to 0.0
      Jan 26, 2023 to Feb 23, 2023
    • Assets in custody · $131M to $209M
      Jan 26, 2023 to Feb 23, 2023
    • Employees · 8 to 6
      Jan 26, 2023 to Feb 23, 2023
    • Discretionary RAUM · $317M to $294M
      Jan 26, 2023 to Feb 23, 2023
    • HNW RAUM · $237M to $216M
      Jan 26, 2023 to Feb 23, 2023
    • Individual RAUM · $80.1M to $78.4M
      Jan 26, 2023 to Feb 23, 2023
    • RAUM · $317M to $294M
      Jan 26, 2023 to Feb 23, 2023
    • Accounts · 1,511 to 1,626
      Feb 25, 2021 to Mar 6, 2022
    • Advisory activities · 4 to 3
      Feb 25, 2021 to Mar 6, 2022
    • HNW clients · 89 to 93
      Feb 25, 2021 to Mar 6, 2022
    Signals
    9 dated events
    • Harbor Wealth Management, Llc no longer on the SEC adviser roster (last listed 2026-04-01, RAUM $410.5M)
      May 1, 2026 · Left the SEC roster · derived
    • Cheryl Ann Moss left Harbor Wealth Management, Llc for Cwm, Llc (registered 2026-04-27)
      Apr 27, 2026 · Advisor changed firm · fact
    • Erin Kristine Johnson left Harbor Wealth Management, Llc for Cwm, Llc (registered 2026-04-27)
      Apr 27, 2026 · Advisor changed firm · fact
    • Eric Anthony Heus left Harbor Wealth Management, Llc for Cwm, Llc (registered 2026-04-27)
      Apr 27, 2026 · Advisor changed firm · fact
    • Larry John Rose left Harbor Wealth Management, Llc for Cwm, Llc (registered 2026-04-27)
      Apr 27, 2026 · Advisor changed firm · fact
    • Brent D Polzin left Harbor Wealth Management, Llc for Cwm, Llc (registered 2026-04-27)
      Apr 27, 2026 · Advisor changed firm · fact
    • Harbor Wealth Management, LLC's advisors moved to Cwm, LLC (Green Bay, WI): 5 of 5 registered, on the same day
      Apr 27, 2026 · Firm absorbed (people side) · derived
    • Gery Joseph Sadzewicz left Harbor Wealth Management, Llc for Broadwater Advisors, Llc (registered 2017-02-08)
      Jan 25, 2024 · Advisor changed firm · fact
    • Harbor Wealth Management, Llc filed its initial SEC registration (Form ADV)
      Mar 27, 2015 · 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