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

W••••• • A••••••••• I•••

Independent wealth managerJackson, MinnesotaCRD 159879SEC 801-132015IAPD
Latest filing Apr 13, 2026
First filing on the tape Feb 5, 2025 · 4 filings
SEC status approved since Feb 21, 2025
RAUM
$180M
reported, Item 5.F
Discretionary
45%
of RAUM
Private clients
53%
$95.8M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$60.1M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
4 filings and snapshots on the tape
RAUM$180M as of Apr 13, 2026
Feb 5, 2025$142M then
HNW client RAUM$52.9M as of Apr 13, 2026
Feb 5, 2025$38.5M then
State-registered IARs (5.B.3)3 as of Apr 13, 2026
Feb 5, 20252 then
Employees (5.A)4 as of Apr 13, 2026
Feb 5, 20253 then
Private funds: no history
RAUM +27% over the last fiscal yearIARs 2 to 3offices 0 to 1
Practice profile
derived from the filing of Apr 13, 2026; every figure names its basis
Archetypes, each a printed rule
  • Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • 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
$60.1MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
57derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.4MderivedHNW RAUM over HNW clients
Average account
$427,984derivedRAUM over accounts (5.F.2.f)
Discretionary
45%derivedof RAUM
Institutional
44%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
1.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+27%derivedbetween the last two annual amendments
Advisor growth, one year
+50%derivedItem 5.B.3 between annual amendments
Client growth, one year
+27%derived
Compensation
percentage of assets, hourly, performance-basedreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consultingreportedItem 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
  • Pension and profit-sharing plans$72.4M40%
  • High-net-worth individuals$52.9M29%
  • Individuals$42.9M24%
  • Charitable organizations$7.4M4.1%
  • Corporations and businesses$4.6M2.5%
Individual clients
133reported
HNW clients
39reported
Pension plan clients
4reported
Charitable clients
3reported
Accounts
421reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, hourly, performancereported
Class basis
private_client_share=0.53 fund_share=0.0 institutional_share=0.44 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
W••• M••••••• W•••••Certified Financial PlannerJackson, MnDec 9, 201335 y2
M•••••• L••••• P••••Saint James, Mn Feb 14, 201830 y1
S••••••• L•• W•••••Jackson, MnJul 16, 202011 y0
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
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • W•••••• W•••• M••••••• · President & Chief Compliance Officercontrol
    since 12/2011 · 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
OfficeAdvisorsJoinedLeftTeams outForming
Jackson, Mn · principal310
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • high institutional concentrationStatic outlier · filing Apr 13, 2026
    institutional share of RAUM of 44% against a peer median of 0% (5678 comparable advisers, 98.0th percentile, 14.8 robust deviations)
    peers: independent wealth managers, $100M to $500M (5,678) · 98% percentile
What changed
consecutive filings, newest first
  • BD registered reps · 1 to 0
    Mar 3, 2026 to Apr 13, 2026
  • Insurance-licensed employees · 1 to 0
    Mar 3, 2026 to Apr 13, 2026
  • Accounts · 303 to 421
    Aug 13, 2025 to Mar 3, 2026
  • Advisory employees · 2 to 3
    Aug 13, 2025 to Mar 3, 2026
  • BD registered reps · 0 to 1
    Aug 13, 2025 to Mar 3, 2026
  • Charity clients · 2 to 3
    Aug 13, 2025 to Mar 3, 2026
  • Corporate clients · 0 to 4
    Aug 13, 2025 to Mar 3, 2026
  • HNW clients · 26 to 39
    Aug 13, 2025 to Mar 3, 2026
  • Individual clients · 109 to 133
    Aug 13, 2025 to Mar 3, 2026
  • Employees · 3 to 4
    Aug 13, 2025 to Mar 3, 2026
  • Insurance-licensed employees · 0 to 1
    Aug 13, 2025 to Mar 3, 2026
  • State-registered IARs · 2 to 3
    Aug 13, 2025 to Mar 3, 2026
  • Other offices · 0 to 1
    Aug 13, 2025 to Mar 3, 2026
  • Discretionary RAUM · $59.3M to $80.6M
    Aug 13, 2025 to Mar 3, 2026
  • HNW RAUM · $38.5M to $52.9M
    Aug 13, 2025 to Mar 3, 2026
  • Individual RAUM · $34.5M to $42.9M
    Aug 13, 2025 to Mar 3, 2026
  • Non-discretionary RAUM · $82.4M to $99.5M
    Aug 13, 2025 to Mar 3, 2026
  • Pension RAUM · $62.8M to $72.4M
    Aug 13, 2025 to Mar 3, 2026
  • RAUM · $142M to $180M
    Aug 13, 2025 to Mar 3, 2026
Signals
No event on the tape.
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
507-847-3886reportedpublic record, Form ADV, Apr 13, 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
$60.1Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026