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
Blackhawk Capital Partners, LLC
Latest filing Sep 3, 2026
First filing on the tape Mar 4, 2015 · 41 filings
SEC status approved since Mar 12, 2015
RAUM
$452M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
88%
$400M individuals and HNW
Advisors
10
registered through the firm on IAPD
RAUM per advisor
$45.2M
derived; firm RAUM over IAPD count
Employees
6
6 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
41 filings and snapshots on the tape
RAUM$452M as of Jun 12, 2026
Mar 24, 2016$144M then
HNW client RAUM$355M as of Jun 12, 2026
Mar 29, 2018$95.0M then
State-registered IARs (5.B.3)6 as of Jun 12, 2026
Mar 24, 20166 then
Employees (5.A)6 as of Jun 12, 2026
Mar 24, 201611 then
Private funds: no history
RAUM +34% over the last fiscal year+29% a year over threeIARs 8 to 6
Practice profile
derived from the filing of Sep 3, 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
- RAUM per advisor
- $45.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 31derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.2MderivedHNW RAUM over HNW clients
- Average account
- $540,699derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 6.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.6derivedItem 5.A over advisors
- Advisors per office
- 5.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +34%derivedbetween the last two annual amendments
- Advisor growth, one year
- -25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +22%derived
- Compensation
- percentage of assets, hourly, fixed fees, commissions, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $186M, 189 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$355M78%
- Individuals$45.4M10%
- Pension and profit-sharing plans$27.2M6.0%
- Corporations and businesses$24.9M5.5%
- Individual clients
- 145reported
- HNW clients
- 162reported
- Pension plan clients
- 16reported
- Charitable clients
- 0reported
- Accounts
- 836reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $186M for 189 clientsreported
- Compensation
- % of AUM, fixed, hourly, commissionsreported
- Class basis
- private_client_share=0.88 fund_share=0.0 institutional_share=0.06 related_bd=false related_bank=false bd_reps=5.0derived
Advisors registered through the firm
10 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Kevin Blake PerlbergCertified Financial Planner | Thiensville, Wi | Jul 15, 2011 | 42 y | 2 |
| Donald William TendickCertified Financial Planner | Thiensville, Wi | Jul 27, 2011 | 23 y | 2 |
| Christopher David Nei | Thiensville, Wi | Jul 10, 2013 | 20 y | 1 |
| Susan Shokes BrousseauCertified Financial Planner, Chartered Financial Consultant | Scottsdale, Az | Mar 24, 2014 | 41 y | 1 |
| Matthew Stephen KruelleChartered Financial Analyst | Thiensville, Wi | Mar 17, 2021 | 11 y | 1 |
| Mario James Divenere | Scottsdale, Az | Jun 4, 2024 | 13 y | 1 |
| Patrick John Retzer | Venice, Fl | Aug 7, 2025 | 39 y | 1 |
| Jay Rabins | Scottsdale, Az | Aug 3, 2026 | 26 y | 6 |
| John Louis Oxenhandler | Thiensville, Wi | Aug 18, 2026 | 26 y | 4 |
| William Ryan ZenkCertified Financial Planner | Scottsdale, Az | Sep 1, 2026 | 32 y | 2 |
Advisor movement
0 left, 3 joined in 12 months
net +3 in 12 months0 left in 90 days3 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Michael John Miller to Advisory Services NetworkJul 3, 2018 · RIA to RIA
- Gregory V. Bangma to Silver Lake Advisory Partners, LLCMay 3, 2013 · Other
Joined, latest
- William Ryan Zenk from Cambridge Investment Research Advisors, Inc.Sep 1, 2026 · Affiliated broker-dealer or bank to independent RIA
- John Louis Oxenhandler from Cambridge Investment Research Advisors, Inc.Aug 18, 2026 · Affiliated broker-dealer or bank to independent RIA
- Jay Rabins from DynamicAug 3, 2026 · RIA to RIA
- Patrick John Retzer from Polar Investment Counsel, Inc.Aug 7, 2025 · Other
- Mario James Divenere from Merrill Lynch, Pierce, Fenner & Smith IncorporatedJun 4, 2024 · Wirehouse to independent RIA
- Matthew Stephen Kruelle from Vanguard Advisers, Inc.Mar 17, 2021 · Affiliated broker-dealer or bank to independent RIA
- Michael John Miller from Cedar Creek Securities, Inc.Jun 19, 2014 · Other
- Susan Shokes Brousseau from Beacon Pointe Wealth Advisors, LLCMar 24, 2014 · Other
- Christopher David Nei from LPL Financial LLCJul 10, 2013 · Other
- Donald William Tendick from Qa3 Financial LLCJul 27, 2011 · Other
- Gregory V. Bangma from United Planners' Financial Services Of America A Limited PartnerJul 15, 2011 · Other
- Kevin Blake Perlberg from Qa3 Financial LLCJul 15, 2011 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Blake Kevin Perlberg · Managing Membercontrolsince 05/2011 · owns 75% or more
- William Donald Tendick · Vice-President/ Chief Compliance Officercontrolsince 05/2011 · 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 |
|---|---|---|---|---|---|
| Thiensville, Wi · principal | 10 | 3 | 0 | ||
| Scottsdale, Az | 7 | 3 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Scottsdale, AZ3 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- account count surgeChange between filings · filing Mar 10, 2026accounts (Item 5.F.2.f) moved from 295.0 to 836.0 (+183.0%) between the annual amendments of 2025-02-26 and 2026-03-10; the peer median change was +5.0% (3688 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,688) · 99% percentile
What changed
consecutive filings, newest first
- Financial planning clients · 1-10 to 1-10Jun 12, 2026 to Sep 3, 2026
- Succession · false to unsetJun 12, 2026 to Sep 3, 2026
- Accounts · 295 to 836Dec 3, 2025 to Mar 10, 2026
- Advisory employees · 8 to 6Dec 3, 2025 to Mar 10, 2026
- Advisory activities · 3 to 4Dec 3, 2025 to Mar 10, 2026
- BD registered reps · 4 to 5Dec 3, 2025 to Mar 10, 2026
- HNW clients · 142 to 162Dec 3, 2025 to Mar 10, 2026
- Individual clients · 110 to 145Dec 3, 2025 to Mar 10, 2026
- Pension plan clients · 24 to 16Dec 3, 2025 to Mar 10, 2026
- Employees · 8 to 6Dec 3, 2025 to Mar 10, 2026
- State-registered IARs · 8 to 6Dec 3, 2025 to Mar 10, 2026
- Discretionary RAUM · $336M to $451MDec 3, 2025 to Mar 10, 2026
- HNW RAUM · $267M to $355MDec 3, 2025 to Mar 10, 2026
- Individual RAUM · $23.2M to $45.4MDec 3, 2025 to Mar 10, 2026
- Non-discretionary RAUM · $2,423 to $1.2MDec 3, 2025 to Mar 10, 2026
- Pension RAUM · $21.6M to $27.2MDec 3, 2025 to Mar 10, 2026
- RAUM · $336M to $452MDec 3, 2025 to Mar 10, 2026
- Financial planning clients · 1-10 to 1-10Feb 26, 2025 to May 7, 2025
- Accounts · 671 to 295Dec 13, 2024 to Feb 26, 2025
- Advisory employees · 6 to 8Dec 13, 2024 to Feb 26, 2025
- BD registered reps · 3 to 4Dec 13, 2024 to Feb 26, 2025
- Corporate clients · 15 to 19Dec 13, 2024 to Feb 26, 2025
- HNW clients · 139 to 142Dec 13, 2024 to Feb 26, 2025
- Individual clients · 97 to 110Dec 13, 2024 to Feb 26, 2025
- Pension plan clients · 20 to 24Dec 13, 2024 to Feb 26, 2025
- Assets in custody · $139M to $186MDec 13, 2024 to Feb 26, 2025
- Employees · 9 to 8Dec 13, 2024 to Feb 26, 2025
- State-registered IARs · 7 to 8Dec 13, 2024 to Feb 26, 2025
- Discretionary RAUM · $244M to $336MDec 13, 2024 to Feb 26, 2025
- HNW RAUM · $195M to $267MDec 13, 2024 to Feb 26, 2025
- Individual RAUM · $20.0M to $23.2MDec 13, 2024 to Feb 26, 2025
- Non-discretionary RAUM · $1,491 to $2,423Dec 13, 2024 to Feb 26, 2025
- Pension RAUM · $16.5M to $21.6MDec 13, 2024 to Feb 26, 2025
- RAUM · $244M to $336MDec 13, 2024 to Feb 26, 2025
- Accounts · 755 to 671Sep 25, 2023 to Mar 6, 2024
- Advisory employees · 8 to 6Sep 25, 2023 to Mar 6, 2024
- Corporate clients · 17 to 15Sep 25, 2023 to Mar 6, 2024
- HNW clients · 122 to 139Sep 25, 2023 to Mar 6, 2024
- Individual clients · 134 to 97Sep 25, 2023 to Mar 6, 2024
- Pension plan clients · 36 to 20Sep 25, 2023 to Mar 6, 2024
Signals
2 dated events
- Blackhawk Capital Partners, Llc reported RAUM $452.0M, up 34% from $336.4M (2025-12-03 to 2026-03-10)Mar 10, 2026 · RAUM change · derived
- Blackhawk Capital Partners, Llc filed its initial SEC registration (Form ADV)Mar 4, 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.
How to reach
public business contact points only, each with its source
- Website
- X.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 262-242-4487reportedpublic record, Form ADV, Sep 3, 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
- $45.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026