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
K••• W••••• M••••••••• L••
Latest filing Feb 4, 2026
First filing on the tape May 21, 2024 · 7 filings
SEC status approved since Jun 21, 2024
RAUM
$172M
reported, Item 5.F
Discretionary
1.2%
of RAUM
Private clients
100%
$172M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$172M
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$172M as of Feb 4, 2026
Jan 29, 2025$150M then
HNW client RAUM$155M as of Feb 4, 2026
Jan 29, 2025$136M then
State-registered IARs (5.B.3)2 as of Feb 4, 2026
Jan 29, 20252 then
Employees (5.A)3 as of Feb 4, 2026
Jan 29, 20253 then
Private funds: no history
RAUM +14% over the last fiscal yearIARs 2 to 2
Practice profile
derived from the filing of Feb 4, 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
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $172MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 133derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.2MderivedHNW RAUM over HNW clients
- Average account
- $493,625derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 1.2%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +11%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, publicationsreportedItem 5.G
- Wrap fee program
- $172MreportedItem 5.I
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$155M90%
- Individuals$16.6M9.7%
- Individual clients
- 62reported
- HNW clients
- 71reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 348reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=2.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M•••••• P•••• K••• | White Bear Township, Mn | Jan 3, 2014 | 35 y | 1 |
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
none on the tape
Joined, latest
- M•••••• P•••• K••• from U•• F•••••••• S••••••• I•••Jan 3, 2014 · Wirehouse to independent RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- K•••• L••••• · Membercontrolsince 08/2010 · owns 50% to 75%
- K•••• M••••••• P•••• · Managing Member, Chief Compliance Officercontrolsince 11/2010 · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 320 to 348Sep 9, 2025 to Feb 4, 2026
- HNW clients · 68 to 71Sep 9, 2025 to Feb 4, 2026
- Individual clients · 52 to 62Sep 9, 2025 to Feb 4, 2026
- Discretionary RAUM · $0 to $2.0MSep 9, 2025 to Feb 4, 2026
- HNW RAUM · $136M to $155MSep 9, 2025 to Feb 4, 2026
- Individual RAUM · $14.3M to $16.6MSep 9, 2025 to Feb 4, 2026
- Non-discretionary RAUM · $150M to $170MSep 9, 2025 to Feb 4, 2026
- RAUM · $150M to $172MSep 9, 2025 to Feb 4, 2026
- Financial planning clients · 0 to 0Jul 10, 2025 to Sep 9, 2025
- Accounts · 304 to 320Jun 3, 2024 to Jan 29, 2025
- HNW clients · 52 to 68Jun 3, 2024 to Jan 29, 2025
- Individual clients · 58 to 52Jun 3, 2024 to Jan 29, 2025
- Employees · 2 to 3Jun 3, 2024 to Jan 29, 2025
- HNW RAUM · $107M to $136MJun 3, 2024 to Jan 29, 2025
- Individual RAUM · $19.3M to $14.3MJun 3, 2024 to Jan 29, 2025
- Non-discretionary RAUM · $126M to $150MJun 3, 2024 to Jan 29, 2025
- RAUM · $126M to $150MJun 3, 2024 to Jan 29, 2025
Signals
1 dated events
- K••• W••••• M••••••••• L•• filed its initial SEC registration (Form ADV)May 21, 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.
How to reach
public business contact points only, each with its source
- Principal office phone
- 651-330-4996reportedpublic 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $172Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026