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.
SEC-registered adviser
Isc Financial Advisors
Legal name Murray Financial Group, LLC
Latest filing Feb 4, 2026
First filing on the tape Nov 9, 2011 · 33 filings
SEC status approved since Jul 12, 2011
RAUM
$1.6B
reported, Item 5.F
Discretionary
77%
of RAUM
Private clients
77%
$1.2B individuals and HNW
Advisors
14
registered through the firm on IAPD
RAUM per advisor
$111M
derived; firm RAUM over IAPD count
Employees
17
10 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$1.6B as of Feb 4, 2026
Mar 30, 2012$368M then
HNW client RAUM$918M as of Feb 4, 2026
Mar 22, 2018$274M then
State-registered IARs (5.B.3)10 as of Feb 4, 2026
Mar 30, 20120 then
Employees (5.A)17 as of Feb 4, 2026
Mar 20, 201310 then
Private funds: no history
RAUM +15% over the last fiscal year+16% a year over threeIARs 10 to 10
Practice profile
derived from the filing of Feb 4, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $111MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 90derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.0MderivedHNW RAUM over HNW clients
- Average account
- $420,728derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 77%derivedof RAUM
- Institutional
- 23%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 4.7derived3 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
- +1.7%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
- Custody
- $24.9M, 19 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)
- compensates persons for client referrals (8.G.1)
- 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$918M59%
- Pension and profit-sharing plans$350M23%
- Individuals$272M18%
- Charitable organizations$11.8M0.8%
- Individual clients
- 955reported
- HNW clients
- 307reported
- Pension plan clients
- 43reported
- Charitable clients
- 13reported
- Accounts
- 3,687reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $24.9M for 19 clientsreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.77 fund_share=0.0 institutional_share=0.23 related_bd=false related_bank=false bd_reps=2.0derived
Advisors registered through the firm
14 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Mark Steven Smed | Albert Lea, Mn | Jan 31, 2014 | 31 y | 2 |
| Jonathan Orlo Murray | Albert Lea, Mn | Jan 31, 2014 | 13 y | 0 |
| Richard John Murray | Albert Lea, Mn | Jan 31, 2014 | 43 y | 2 |
| Lawrence Thomas GartnerCertified Financial Planner | Minneapolis, Mn | Jan 31, 2014 | 26 y | 1 |
| Chad David DuppongCertified Financial Planner, Chartered Financial Consultant | Edina, Mn | Sep 21, 2016 | 17 y | 0 |
| Wendy K Bennis | Edina, Mn | Mar 22, 2022 | 16 y | 1 |
| Matthew H Bennis | Minneapolis, Mn | Jun 13, 2024 | 10 y | 0 |
| Robert William Gadtke | Albert Lea, Mn | Jul 8, 2024 | 11 y | 0 |
| Timothy Burns Jaynes | Edina, Mn | Nov 14, 2024 | 23 y | 0 |
| Benjamin Lundeen | Albert Lea, Mn | Jun 25, 2025 | 12 y | 2 |
| Charles Allan AchterkirchCertified Financial Planner | Minneapolis, Mn | Jan 14, 2026 | 12 y | 1 |
| Robert Noble PrentissChartered Financial Consultant | Edina, Mn | Apr 29, 2026 | 36 y | 0 |
| Benjamin William Sand | Albert Lea, Mn | May 21, 2026 | 13 y | 1 |
| Hayden Spencer Hoffman | Albert Lea, Mn | Jul 27, 2026 | 10 y | 0 |
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount2 left over 36 months
Left, latest
- Christopher John Wollo to United Planners' Financial Services Of America A Limited PartnerMay 24, 2024 · RIA to RIA
- Seth William Blum to Leverty Financial Group, LLCFeb 26, 2024 · RIA to RIA
- Paul August Alegi to Guardian Wealth Strategies, LLCJan 8, 2018 · Other
Joined, latest
- Benjamin William Sand from Gradient Investments, LLCMay 21, 2026 · RIA to RIA
- Charles Allan Achterkirch from The Oak Ridge Financial Services Group, IncJan 14, 2026 · Other
- Benjamin Lundeen from Edward JonesJun 25, 2025 · Affiliated broker-dealer or bank to independent RIA
- Wendy K Bennis from Tealwood Asset ManagementMar 22, 2022 · RIA to RIA
- Paul August Alegi from Contego Capital Group, Inc.Sep 21, 2016 · Other
- Lawrence Thomas Gartner from Td Ameritrade, Inc.Jan 31, 2014 · Other
- Mark Steven Smed from Woodbury Financial Services, Inc.Jan 31, 2014 · Other
- Richard John Murray from Woodbury Financial Services, Inc.Jan 31, 2014 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- John Richard Murray · Managing Member And Chief Compliance Officercontrolsince 04/2011 · owns 50% to 75%
- Thomas Lawrence Gartner · Minority Ownersince 01/2024 · owns 10% to 25%
- Burns Timothy Jaynes · Minority Ownersince 01/2024 · owns 10% to 25%
- Orlo Jonathan Murray · Minority Ownersince 01/2024 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Albert Lea, Mn · principal | 14 | 4 | 0 | ||
| Minneapolis, Mn | 7 | 3 | 0 | ||
| Edina, Mn | 4 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Minneapolis, MN4 employees
- Hudson, MN1 employees
What changed
consecutive filings, newest first
- Accounts · 3,403 to 3,687Nov 17, 2025 to Feb 4, 2026
- Charity clients · 18 to 13Nov 17, 2025 to Feb 4, 2026
- HNW clients · 273 to 307Nov 17, 2025 to Feb 4, 2026
- Individual clients · 968 to 955Nov 17, 2025 to Feb 4, 2026
- Pension plan clients · 46 to 43Nov 17, 2025 to Feb 4, 2026
- Assets in custody · $22.2M to $24.9MNov 17, 2025 to Feb 4, 2026
- Employees · 15 to 17Nov 17, 2025 to Feb 4, 2026
- Discretionary RAUM · $1.0B to $1.2BNov 17, 2025 to Feb 4, 2026
- HNW RAUM · $825M to $918MNov 17, 2025 to Feb 4, 2026
- Individual RAUM · $187M to $272MNov 17, 2025 to Feb 4, 2026
- Non-discretionary RAUM · $328M to $350MNov 17, 2025 to Feb 4, 2026
- Pension RAUM · $328M to $350MNov 17, 2025 to Feb 4, 2026
- RAUM · $1.3B to $1.6BNov 17, 2025 to Feb 4, 2026
- Financial planning clients · 251-500 to 251-500Jan 20, 2025 to Apr 17, 2025
- Accounts · 3,119 to 3,403Nov 8, 2024 to Jan 20, 2025
- Advisory employees · 9 to 10Nov 8, 2024 to Jan 20, 2025
- Charity clients · 16 to 18Nov 8, 2024 to Jan 20, 2025
- HNW clients · 252 to 273Nov 8, 2024 to Jan 20, 2025
- Individual clients · 1,009 to 968Nov 8, 2024 to Jan 20, 2025
- Assets in custody · $22.6M to $22.2MNov 8, 2024 to Jan 20, 2025
- Financial planning clients · 101-250 to 251-500Nov 8, 2024 to Jan 20, 2025
- Discretionary RAUM · $908M to $1.0BNov 8, 2024 to Jan 20, 2025
- HNW RAUM · $652M to $825MNov 8, 2024 to Jan 20, 2025
- Individual RAUM · $246M to $187MNov 8, 2024 to Jan 20, 2025
- Non-discretionary RAUM · $293M to $328MNov 8, 2024 to Jan 20, 2025
- Pension RAUM · $293M to $328MNov 8, 2024 to Jan 20, 2025
- RAUM · $1.2B to $1.3BNov 8, 2024 to Jan 20, 2025
- Accounts · 2,864 to 3,119Jan 5, 2024 to Feb 9, 2024
- Charity clients · 11 to 16Jan 5, 2024 to Feb 9, 2024
- HNW clients · 231 to 252Jan 5, 2024 to Feb 9, 2024
- Individual clients · 953 to 1,009Jan 5, 2024 to Feb 9, 2024
- Pension plan clients · 43 to 46Jan 5, 2024 to Feb 9, 2024
- Assets in custody · $20.4M to $22.6MJan 5, 2024 to Feb 9, 2024
- State-registered IARs · 9 to 10Jan 5, 2024 to Feb 9, 2024
- Discretionary RAUM · $750M to $908MJan 5, 2024 to Feb 9, 2024
- HNW RAUM · $573M to $652MJan 5, 2024 to Feb 9, 2024
- Individual RAUM · $171M to $246MJan 5, 2024 to Feb 9, 2024
- Non-discretionary RAUM · $253M to $293MJan 5, 2024 to Feb 9, 2024
- Pension RAUM · $253M to $293MJan 5, 2024 to Feb 9, 2024
- RAUM · $1.0B to $1.2BJan 5, 2024 to Feb 9, 2024
Signals
3 dated events
- Christopher John Wollo left Isc Financial Advisors for United Planners' Financial Services Of America A Limited Partner (registered 2024-10-16)May 24, 2024 · Advisor changed firm · fact
- Seth William Blum left Isc Financial Advisors for Leverty Financial Group, Llc (registered 2024-03-11)Feb 26, 2024 · Advisor changed firm · fact
- Isc Financial Advisors reported RAUM $796.1M, up 27% from $625.0M (2019-06-03 to 2020-02-24)Feb 24, 2020 · RAUM change · derived
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
- Business email
- info@iscfinancialadvisors.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- tonya@iscfinancialadvisors.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- tim@iscfinancialadvisors.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- lauren@iscfinancialadvisors.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- michelle@iscfinancialadvisors.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- sarah@iscfinancialadvisors.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- jon@iscfinancialadvisors.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 715-220-4043reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 507-373-8216reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 952-835-1560reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/208400reportedpublic record, Form ADV, Sep 18, 2026
- Website
- ISCFINANCIALADVISORS.COMreportedpublic record, Form ADV, Sep 18, 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
- $111Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026