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

M••••••• W••••• M••••••••• L••

Former SEC-registered adviserBoulder, ColoradoCRD 161144SEC 801-76586IAPD
Latest filing Oct 4, 2022
First filing on the tape Apr 17, 2012 · 21 filings
RAUM
$514M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
95%
$486M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
7
7 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$514M as of Mar 31, 2022
Mar 12, 2013$147M then
HNW client RAUM$404M as of Mar 31, 2022
Mar 29, 2018$190M then
State-registered IARs (5.B.3)7 as of Mar 31, 2022
Mar 12, 20135 then
Employees (5.A)7 as of Mar 31, 2022
Mar 12, 20138 then
Private funds: no history
RAUM +28% over the last fiscal year+25% a year over threeIARs 7 to 7
Practice profile
derived from the filing of Oct 4, 2022; every figure names its basis
RAUM per advisor
$73.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
75derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.5MderivedHNW RAUM over HNW clients
Average account
$635,134derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
5.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
3.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+28%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+2.1%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
Wrap fee program
$509MreportedItem 5.I
Custody
$12.5M, 94 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
  • 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)
  • 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$404M78%
  • Individuals$82.7M16%
  • Charitable organizations$16.3M3.2%
  • Pension and profit-sharing plans$10.0M2.0%
  • Corporations and businesses$1.9M0.4%
Individual clients
249reported
HNW clients
275reported
Pension plan clients
5reported
Charitable clients
1reported
Accounts
810reported
Financial planning clients
0reported
Wrap fee programs
$509M sponsored, $0 managedreported
Custody of client assets
$12.5M for 94 clientsreported
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
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • H•••••• D••••• B•••• · Ceocontrol
      since 03/2012 · owns 25% to 50%
    • M••••••• T••••• R•••••• · Managing Partnercontrol
      since 02/2012 · owns 25% to 50%
    • M••••• R••••••• N••••• · Managing Partnercontrol
      since 02/2012 · owns 25% to 50%
    • W••••••••• R••••••• E••• · Managing Partnercontrol
      since 02/2012 · owns 25% to 50%
    • J•••• K•••• L••• · Chief Compliance Officer
      since 09/2022 · owns less than 5%
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    • Denver, CO2 employees
    What changed
    consecutive filings, newest first
    • Accounts · 762 to 810
      Mar 31, 2021 to Mar 31, 2022
    • Advisory activities · 2 to 3
      Mar 31, 2021 to Mar 31, 2022
    • HNW clients · 234 to 275
      Mar 31, 2021 to Mar 31, 2022
    • Individual clients · 279 to 249
      Mar 31, 2021 to Mar 31, 2022
    • Assets in custody · $28.4M to $12.5M
      Mar 31, 2021 to Mar 31, 2022
    • Financial planning clients · 1-10 to 0
      Mar 31, 2021 to Mar 31, 2022
    • Discretionary RAUM · $403M to $514M
      Mar 31, 2021 to Mar 31, 2022
    • HNW RAUM · $293M to $404M
      Mar 31, 2021 to Mar 31, 2022
    • Individual RAUM · $85.9M to $82.7M
      Mar 31, 2021 to Mar 31, 2022
    • Pension RAUM · $8.5M to $10.0M
      Mar 31, 2021 to Mar 31, 2022
    • RAUM · $403M to $514M
      Mar 31, 2021 to Mar 31, 2022
    • Wrap assets (manager) · $398M to $0
      Mar 31, 2021 to Mar 31, 2022
    • Wrap assets (sponsor) · $398M to $509M
      Mar 31, 2021 to Mar 31, 2022
    • Accounts · 713 to 762
      May 27, 2020 to Mar 31, 2021
    • Corporate clients · unset to 1.0
      May 27, 2020 to Mar 31, 2021
    • HNW clients · 122 to 234
      May 27, 2020 to Mar 31, 2021
    • Individual clients · 275 to 279
      May 27, 2020 to Mar 31, 2021
    • Pension plan clients · 6 to 5
      May 27, 2020 to Mar 31, 2021
    • Assets in custody · unset to 28372646.0
      May 27, 2020 to Mar 31, 2021
    • Custody of client assets · false to true
      May 27, 2020 to Mar 31, 2021
    • Discretionary RAUM · $337M to $403M
      May 27, 2020 to Mar 31, 2021
    • HNW RAUM · $237M to $293M
      May 27, 2020 to Mar 31, 2021
    • Individual RAUM · $78.1M to $85.9M
      May 27, 2020 to Mar 31, 2021
    • Pension RAUM · $7.5M to $8.5M
      May 27, 2020 to Mar 31, 2021
    • RAUM · $337M to $403M
      May 27, 2020 to Mar 31, 2021
    • Wrap assets (manager) · $332M to $398M
      May 27, 2020 to Mar 31, 2021
    • Wrap assets (sponsor) · $332M to $398M
      May 27, 2020 to Mar 31, 2021
    • Accounts · 670 to 713
      Mar 7, 2019 to Mar 12, 2020
    • Advisory employees · 4 to 7
      Mar 7, 2019 to Mar 12, 2020
    • BD registered reps · 5 to 7
      Mar 7, 2019 to Mar 12, 2020
    • Charity clients · unset to 1.0
      Mar 7, 2019 to Mar 12, 2020
    • Corporate clients · 2.0 to unset
      Mar 7, 2019 to Mar 12, 2020
    • HNW clients · 90 to 122
      Mar 7, 2019 to Mar 12, 2020
    • Individual clients · 327 to 275
      Mar 7, 2019 to Mar 12, 2020
    • Employees · 5 to 7
      Mar 7, 2019 to Mar 12, 2020
    • State-registered IARs · 5 to 7
      Mar 7, 2019 to Mar 12, 2020
    • Discretionary RAUM · $262M to $337M
      Mar 7, 2019 to Mar 12, 2020
    • HNW RAUM · $160M to $237M
      Mar 7, 2019 to Mar 12, 2020
    • Individual RAUM · $99.3M to $78.1M
      Mar 7, 2019 to Mar 12, 2020
    • Pension RAUM · $1.6M to $7.5M
      Mar 7, 2019 to Mar 12, 2020
    Signals
    7 dated events
    • R•••••• E••• W•••••••• left M••••••• W••••• M••••••••• L•• for L•• F•••••••• L•• (registered 2023-02-22)
      Mar 16, 2023 · Advisor changed firm · fact
    • T•••• R•••••• M•••••• left M••••••• W••••• M••••••••• L•• for L•• F•••••••• L•• (registered 2023-02-22)
      Mar 16, 2023 · Advisor changed firm · fact
    • R•••••• N••••• M•••• left M••••••• W••••• M••••••••• L•• for L•• F•••••••• L•• (registered 2023-02-22)
      Mar 16, 2023 · Advisor changed firm · fact
    • M••••••• W••••• M••••••••• L••'s advisors moved to L•• F•••••••• L•• (Boulder, CO): 4 of 5 registered, on the same day
      Mar 16, 2023 · Firm absorbed (people side) · derived
    • W••••• P••••••• left M••••••• W••••• M••••••••• L•• for L•• F•••••••• L•• (registered 2023-02-23)
      Mar 16, 2023 · Advisor changed firm · fact
    • Stacey Ann Muniz no longer registered at M••••••• W••••• M••••••••• L••; no later IA registration on IAPD
      Mar 16, 2023 · Advisor departure · fact
    • M••••••• W••••• M••••••••• L•• reported RAUM $514.5M, up 28% from $402.7M (2021-03-31 to 2022-03-31)
      Mar 31, 2022 · 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.
    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