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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Former SEC-registered adviser
C•••••• I••••••••• A•••••••• L••
Latest filing Mar 25, 2025
First filing on the tape Jun 13, 2012 · 21 filings
SEC status approved since Jul 18, 2012
RAUM
$384M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$384M as of Mar 25, 2025
Feb 1, 2013$137M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 25, 2025
Feb 1, 20130 then
Employees (5.A)2 as of Mar 25, 2025
Feb 1, 20131 then
Private funds: no history
RAUM -45% over the last fiscal year-57% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 25, 2025; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $192MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 0.0%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -45%derivedbetween 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, hourly, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, educational seminarsreportedItem 5.G
- 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
- Banks and thrifts$384M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 2reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, 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
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- D••••••• M••••••• S••••• · Tax Matters Principal, Treasurersince 06/2012 · owns less than 5%
- I•••••• L•••••• K••••••• · Chief Compliance Officersince 08/2018 · owns less than 5%
Entity owners
- C•••••• F•••••••• C•••• · Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- C•••••• F•••••••• E••••• S••••• Z• O••••••••• O•••••••••investment advisern
- C•••••• F•••••••• E•••••• L•••investment advisern
- C•••••• F•••••••• P••• L•••investment advisern
- C•••••• F•••••••• P•• L••investment advisern
- C•••••• F•••••••• S••••••••• L••broker-dealern
- C•••••• H•••••• A•••••••• L••bankn
- J• R••••••• A••••••••• L••investment advisern
- J••• F•••••••• L••broker-dealerbankn
- U•••• S••••• C•••••• P•••••••• L••investment advisernRAUM $189M
Advisers that list C•••••• I••••••••• A•••••••• L•• as a related person
- 288708 n
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 3 to 2Jul 9, 2024 to Mar 25, 2025
- Employees · 3 to 2Jul 9, 2024 to Mar 25, 2025
- Financial planning clients · unset to Jul 9, 2024 to Mar 25, 2025
- Non-discretionary RAUM · $698M to $384MJul 9, 2024 to Mar 25, 2025
- RAUM · $698M to $384MJul 9, 2024 to Mar 25, 2025
- Advisory employees · 3 to 1Mar 29, 2024 to Jul 9, 2024
- Employees · 4 to 3Mar 29, 2024 to Jul 9, 2024
- Non-discretionary RAUM · $596M to $698MMay 24, 2023 to Mar 29, 2024
- RAUM · $596M to $698MMay 24, 2023 to Mar 29, 2024
- Accounts · 7 to 3Mar 31, 2023 to May 24, 2023
- Non-discretionary RAUM · $5.2B to $596MMar 31, 2023 to May 24, 2023
- RAUM · $5.2B to $596MMar 31, 2023 to May 24, 2023
- Accounts · 8 to 7Mar 30, 2022 to Mar 31, 2023
- Non-discretionary RAUM · $5.0B to $5.2BMar 30, 2022 to Mar 31, 2023
- RAUM · $5.0B to $5.2BMar 30, 2022 to Mar 31, 2023
- Accounts · 12 to 8Mar 29, 2021 to Mar 30, 2022
- Employees · 3 to 4Mar 29, 2021 to Mar 30, 2022
- Non-discretionary RAUM · $4.3B to $5.0BMar 29, 2021 to Mar 30, 2022
- RAUM · $4.3B to $5.0BMar 29, 2021 to Mar 30, 2022
- Accounts · 14 to 12Mar 27, 2020 to Mar 29, 2021
- Non-discretionary RAUM · $3.5B to $4.3BMar 27, 2020 to Mar 29, 2021
- RAUM · $3.5B to $4.3BMar 27, 2020 to Mar 29, 2021
- Non-discretionary RAUM · $3.5B to $3.5BMar 29, 2019 to Mar 27, 2020
- RAUM · $3.5B to $3.5BMar 29, 2019 to Mar 27, 2020
- Related broker-dealer · false to trueMar 29, 2019 to Mar 27, 2020
- Accounts · 16 to 14Aug 13, 2018 to Mar 29, 2019
- Advisory employees · 4 to 3Aug 13, 2018 to Mar 29, 2019
- Advisory activities · 4 to 2Aug 13, 2018 to Mar 29, 2019
- Employees · 4 to 3Aug 13, 2018 to Mar 29, 2019
- Non-discretionary RAUM · $3.4B to $3.5BAug 13, 2018 to Mar 29, 2019
- RAUM · $3.4B to $3.5BAug 13, 2018 to Mar 29, 2019
- Accounts · 23 to 16Mar 8, 2017 to Mar 8, 2018
- Other offices · unset to 0.0Mar 8, 2017 to Mar 8, 2018
- Non-discretionary RAUM · $3.1B to $3.4BMar 8, 2017 to Mar 8, 2018
- RAUM · $3.1B to $3.4BMar 8, 2017 to Mar 8, 2018
- Accounts · 11 to 23Mar 15, 2016 to Mar 8, 2017
- Non-discretionary RAUM · $2.7B to $3.1BMar 15, 2016 to Mar 8, 2017
- RAUM · $2.7B to $3.1BMar 15, 2016 to Mar 8, 2017
- Advisory employees · 3 to 4Mar 26, 2015 to Mar 15, 2016
- Employees · 3 to 4Mar 26, 2015 to Mar 15, 2016
Signals
5 dated events
- C•••••• I••••••••• A•••••••• L•• no longer on the SEC adviser roster (last listed 2026-03-02, RAUM $383.5M)Apr 1, 2026 · Left the SEC roster · derived
- C•••••• I••••••••• A•••••••• L•• reported RAUM $383.5M, down 45% from $697.9M (2024-07-09 to 2025-03-25)Mar 25, 2025 · RAUM change · derived
- C•••••• I••••••••• A•••••••• L•• reported RAUM $595.7M, down 89% from $5.2B (2023-03-31 to 2023-05-24)May 24, 2023 · RAUM change · derived
- Michael J Bontrager (President) no longer on Schedule A of C•••••• I••••••••• A•••••••• L•• (listed 2018-08-13, absent 2019-03-29)Mar 29, 2019 · Control person left · inference
- C•••••• I••••••••• A•••••••• L•• filed its initial SEC registration (Form ADV)Jun 13, 2012 · 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