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.

Former SEC-registered adviser

Nepsis Advisor Services, Inc.

Former SEC-registered adviserMinneapolis, MinnesotaCRD 162340SEC 801-74765websiteIAPD
Latest filing Oct 8, 2024
First filing on the tape Mar 22, 2012 · 43 filings
SEC status approved since Apr 4, 2012
RAUM
$0
reported, Item 5.F
Discretionary
n/a
of RAUM
Private clients
n/a
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
0
0 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$0 as of Mar 22, 2024
Mar 28, 2014$134M then
HNW client RAUM: $2.2M
State-registered IARs (5.B.3)0 as of Mar 22, 2024
Mar 21, 20133 then
Employees (5.A)0 as of Mar 22, 2024
Mar 21, 201313 then
Private funds: no history
RAUM n/a over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Oct 8, 2024; 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
unknownderivedRAUM over accounts (5.F.2.f)
Discretionary
unknownderivedof RAUM
Institutional
unknownderivedpensions, 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
unknownderivedbetween 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
financial planning, portfolio management for individuals, selection of other advisersreportedItem 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
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
0reported
Financial planning clients
0reported
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
Joined, latest
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
    • William Mark Pearson · President And Chief Compliance Officercontrol
      since 03/2012 · owns 75% or more
    Related persons
    Schedule D 7.A
    • Nepsis Insurance Services, Inc.
      real estaten
    • Nepsis Tax Solutions, LLC
      insurancen
    • Nepsis, Inc.
      investment advisernRAUM $345M
    Advisers that list Nepsis Advisor Services, Inc. as a related person
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Advisory activities · 4 to 3
      Mar 31, 2022 to Mar 20, 2023
    • Related insurance company · false to true
      Mar 31, 2022 to Mar 20, 2023
    • Accounts · unset to 0.0
      Mar 3, 2021 to Mar 31, 2022
    • Discretionary RAUM · unset to 0.0
      Mar 3, 2021 to Mar 31, 2022
    • Non-discretionary RAUM · unset to 0.0
      Mar 3, 2021 to Mar 31, 2022
    • RAUM · unset to 0.0
      Mar 3, 2021 to Mar 31, 2022
    • Accounts · 90.0 to unset
      Jan 4, 2021 to Mar 3, 2021
    • Advisory employees · 2 to 0
      Jan 4, 2021 to Mar 3, 2021
    • Individual clients · 86.0 to unset
      Jan 4, 2021 to Mar 3, 2021
    • Employees · 2 to 0
      Jan 4, 2021 to Mar 3, 2021
    • State-registered IARs · 2 to 0
      Jan 4, 2021 to Mar 3, 2021
    • Discretionary RAUM · 10952193.0 to unset
      Jan 4, 2021 to Mar 3, 2021
    • HNW RAUM · 2192025.0 to unset
      Jan 4, 2021 to Mar 3, 2021
    • Individual RAUM · 9573585.0 to unset
      Jan 4, 2021 to Mar 3, 2021
    • Non-discretionary RAUM · 1114939.0 to unset
      Jan 4, 2021 to Mar 3, 2021
    • Pension RAUM · 301522.0 to unset
      Jan 4, 2021 to Mar 3, 2021
    • RAUM · 12067132.0 to unset
      Jan 4, 2021 to Mar 3, 2021
    • Accounts · 170 to 90
      Mar 11, 2020 to Mar 19, 2020
    • Advisory employees · 4 to 2
      Mar 11, 2020 to Mar 19, 2020
    • Individual clients · 90 to 86
      Mar 11, 2020 to Mar 19, 2020
    • Employees · 4 to 2
      Mar 11, 2020 to Mar 19, 2020
    • Financial planning clients · 1-10 to 0
      Mar 11, 2020 to Mar 19, 2020
    • State-registered IARs · 4 to 2
      Mar 11, 2020 to Mar 19, 2020
    • Discretionary RAUM · $4.0M to $11.0M
      Mar 11, 2020 to Mar 19, 2020
    • HNW RAUM · unset to 2192025.0
      Mar 11, 2020 to Mar 19, 2020
    • Individual RAUM · $4.0M to $9.6M
      Mar 11, 2020 to Mar 19, 2020
    • Non-discretionary RAUM · $0 to $1.1M
      Mar 11, 2020 to Mar 19, 2020
    • Pension RAUM · unset to 301522.0
      Mar 11, 2020 to Mar 19, 2020
    • RAUM · $4.0M to $12.1M
      Mar 11, 2020 to Mar 19, 2020
    • Other offices · 1 to 0
      Mar 12, 2019 to Mar 11, 2020
    • Accounts · 40 to 170
      Dec 17, 2018 to Mar 1, 2019
    • Advisory employees · 3 to 4
      Dec 17, 2018 to Mar 1, 2019
    • Individual clients · 40 to 90
      Dec 17, 2018 to Mar 1, 2019
    • Employees · 5 to 4
      Dec 17, 2018 to Mar 1, 2019
    • State-registered IARs · 2 to 4
      Dec 17, 2018 to Mar 1, 2019
    • Discretionary RAUM · $1.4M to $4.0M
      Dec 17, 2018 to Mar 1, 2019
    • Individual RAUM · $1.4M to $4.0M
      Dec 17, 2018 to Mar 1, 2019
    • RAUM · $1.4M to $4.0M
      Dec 17, 2018 to Mar 1, 2019
    • Accounts · 42 to 40
      Dec 13, 2017 to Mar 30, 2018
    • Advisory employees · 5 to 3
      Dec 13, 2017 to Mar 30, 2018
    Signals
    1 dated events
    • Nepsis Advisor Services, Inc. no longer on the SEC adviser roster (last listed 2025-03-06)
      May 2, 2025 · Left the SEC roster · 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