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
T••••• L•• A•••••••• L••
Latest filing Mar 9, 2026
First filing on the tape Nov 7, 2011 · 20 filings
SEC status approved since Mar 16, 2018
RAUM
$193M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
85%
$164M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$96.4M
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$193M as of Mar 9, 2026
Mar 9, 2012$35.1M then
HNW client RAUM$142M as of Mar 9, 2026
Feb 28, 2019$36.0M then
State-registered IARs (5.B.3)2 as of Mar 9, 2026
Mar 9, 20120 then
Employees (5.A)2 as of Mar 9, 2026
Feb 28, 20192 then
Private funds: no history
RAUM +13% over the last fiscal year+14% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 9, 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $96.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 72derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.7MderivedHNW RAUM over HNW clients
- Average account
- $494,146derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 15%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -0.7%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individualsreportedItem 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$142M74%
- Charitable organizations$29.1M15%
- Individuals$21.7M11%
- Individual clients
- 91reported
- HNW clients
- 53reported
- Pension plan clients
- 0reported
- Charitable clients
- 1reported
- Accounts
- 390reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.85 fund_share=0.0 institutional_share=0.15 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| L•• C••••••••• A••• | Minneapolis, Mn | Mar 23, 2017 | 27 y | 4 |
| J••••• R••••• D•••• | Minneapolis, Mn | Mar 23, 2017 | 24 y | 3 |
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
- L•• C••••••••• A••• from M••••• S••••••May 14, 2014 · Other
- J••••• R••••• D•••• from M••••• S••••••Mar 25, 2014 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- A•••• L••• C••••••••• · Managing Member And Chief Compliance Officercontrolsince 10/2011 · owns 75% or more
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 |
|---|---|---|---|---|---|
| Minneapolis, Mn · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 362 to 390Feb 18, 2025 to Mar 9, 2026
- Charity clients · unset to 1.0Feb 18, 2025 to Mar 9, 2026
- Corporate clients · unset to 0.0Feb 18, 2025 to Mar 9, 2026
- HNW clients · 58 to 53Feb 18, 2025 to Mar 9, 2026
- Individual clients · 87 to 91Feb 18, 2025 to Mar 9, 2026
- Pension plan clients · unset to 0.0Feb 18, 2025 to Mar 9, 2026
- Pooled vehicle clients · unset to 0.0Feb 18, 2025 to Mar 9, 2026
- Discretionary RAUM · $169M to $191MFeb 18, 2025 to Mar 9, 2026
- HNW RAUM · $125M to $142MFeb 18, 2025 to Mar 9, 2026
- Individual RAUM · $18.2M to $21.7MFeb 18, 2025 to Mar 9, 2026
- Non-discretionary RAUM · $1.4M to $1.5MFeb 18, 2025 to Mar 9, 2026
- Pension RAUM · unset to 0.0Feb 18, 2025 to Mar 9, 2026
- Pooled vehicle RAUM · unset to 0.0Feb 18, 2025 to Mar 9, 2026
- RAUM · $170M to $193MFeb 18, 2025 to Mar 9, 2026
- Accounts · 490 to 362Mar 18, 2024 to Feb 18, 2025
- Advisory activities · 2 to 1Mar 18, 2024 to Feb 18, 2025
- HNW clients · 38 to 58Mar 18, 2024 to Feb 18, 2025
- Individual clients · 117 to 87Mar 18, 2024 to Feb 18, 2025
- Financial planning clients · unset to Mar 18, 2024 to Feb 18, 2025
- Discretionary RAUM · $136M to $169MMar 18, 2024 to Feb 18, 2025
- HNW RAUM · $101M to $125MMar 18, 2024 to Feb 18, 2025
- Individual RAUM · $24.0M to $18.2MMar 18, 2024 to Feb 18, 2025
- Non-discretionary RAUM · $13.5M to $1.4MMar 18, 2024 to Feb 18, 2025
- RAUM · $149M to $170MMar 18, 2024 to Feb 18, 2025
- Accounts · 317 to 490Mar 10, 2023 to Mar 18, 2024
- HNW clients · 29 to 38Mar 10, 2023 to Mar 18, 2024
- Individual clients · 105 to 117Mar 10, 2023 to Mar 18, 2024
- Other offices · 1 to 0Mar 10, 2023 to Mar 18, 2024
- Discretionary RAUM · $131M to $136MMar 10, 2023 to Mar 18, 2024
- HNW RAUM · $99.8M to $101MMar 10, 2023 to Mar 18, 2024
- Individual RAUM · $22.4M to $24.0MMar 10, 2023 to Mar 18, 2024
- Non-discretionary RAUM · $484,565 to $13.5MMar 10, 2023 to Mar 18, 2024
- RAUM · $131M to $149MMar 10, 2023 to Mar 18, 2024
- Accounts · 378 to 317Mar 10, 2022 to Mar 10, 2023
- HNW clients · 40 to 29Mar 10, 2022 to Mar 10, 2023
- Individual clients · 65 to 105Mar 10, 2022 to Mar 10, 2023
- Financial planning clients · 0 to unsetMar 10, 2022 to Mar 10, 2023
- Other offices · 0 to 1Mar 10, 2022 to Mar 10, 2023
- Discretionary RAUM · $150M to $131MMar 10, 2022 to Mar 10, 2023
- HNW RAUM · $107M to $99.8MMar 10, 2022 to Mar 10, 2023
Signals
1 dated events
- T••••• L•• A•••••••• L•• filed its initial SEC registration (Form ADV)Feb 16, 2018 · 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
- Business email
- l••@t•••••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 612-208-1641reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- T•••••LEOADVISORY.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 612-208-1641reportedpublic record, Form ADV, Mar 9, 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
- $96.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026