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.
SEC-registered adviser
Boulevard
Legal name Boulevard Wealth Management, Inc.
Latest filing Apr 22, 2026
First filing on the tape Dec 10, 2025 · 4 filings
SEC status approved since Jan 9, 2026
RAUM
$119M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
98%
$117M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$29.9M
derived; firm RAUM over IAPD count
Employees
5
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
4 filings and snapshots on the tape
RAUM$119M as of Apr 22, 2026
Dec 10, 2025$113M then
HNW client RAUM$71.5M as of Apr 22, 2026
Dec 10, 2025$71.6M then
State-registered IARs (5.B.3)4 as of Apr 22, 2026
Dec 10, 20254 then
Employees (5.A)5 as of Apr 22, 2026
Dec 10, 20255 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Apr 22, 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
- RAUM per advisor
- $29.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 67derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.9MderivedHNW RAUM over HNW clients
- Average account
- $139,271derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 1.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 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 fees, commissions, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, publications, educational seminars, otherreportedItem 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
- High-net-worth individuals$71.5M60%
- Individuals$45.9M38%
- Pension and profit-sharing plans$2.1M1.7%
- Individual clients
- 229reported
- HNW clients
- 37reported
- Pension plan clients
- 2reported
- Charitable clients
- 0reported
- Accounts
- 858reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourly, commissionsreported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Derek D VillarsChartered Financial Consultant | Bloomington, Mn | Jan 29, 2014 | 24 y | 0 |
| Troy Alan NoorCertified Financial Planner, Chartered Financial Analyst | Bloomington, Mn | Oct 29, 2014 | 29 y | 1 |
| Brennan P MccarthyCertified Financial Planner | Bloomington, Mn | Sep 4, 2018 | 11 y | 0 |
| Isaac Joseph Benner | Bloomington, Mn | Nov 17, 2022 | 15 y | 1 |
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
- Robert Gregory Neuman to Fidere AdvisorsDec 8, 2022 · RIA to a state-registered adviser
- Aaron David Kolkman to Fidere AdvisorsDec 8, 2022 · RIA to a state-registered adviser
- Joseph Leonard Rapacki to Fidere AdvisorsSep 30, 2022 · RIA to a state-registered adviser
Joined, latest
- Isaac Joseph Benner from The Oak Ridge Financial Services Group, IncNov 17, 2022 · Affiliated broker-dealer or bank to independent RIA
- Troy Alan Noor from Dr Investment ManagementOct 29, 2014 · Other
- Aaron David Kolkman from LPL Financial LLCApr 8, 2013 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for Fidere AdvisorsDec 8, 2022 · Bloomington, Mn
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- P Brennan Mccarthy · Owner, Officercontrolsince 02/2017 · owns 5% to 10%
- Alan Troy Noor · Owner, Officer And Chief Compliance Officercontrolsince 11/2013 · owns 50% to 75%
- D Derek Villars · Owner, Officercontrolsince 01/2014 · owns 10% to 25%
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 |
|---|---|---|---|---|---|
| Bloomington, Mn · principal | 4 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 932 to 858Dec 10, 2025 to Feb 6, 2026
- HNW clients · 46 to 37Dec 10, 2025 to Feb 6, 2026
- Individual clients · 222 to 229Dec 10, 2025 to Feb 6, 2026
- Pension plan clients · 0 to 2Dec 10, 2025 to Feb 6, 2026
- Discretionary RAUM · $113M to $117MDec 10, 2025 to Feb 6, 2026
- HNW RAUM · $71.6M to $71.5MDec 10, 2025 to Feb 6, 2026
- Individual RAUM · $41.3M to $45.9MDec 10, 2025 to Feb 6, 2026
- Non-discretionary RAUM · $0 to $2.1MDec 10, 2025 to Feb 6, 2026
- Pension RAUM · $0 to $2.1MDec 10, 2025 to Feb 6, 2026
- RAUM · $113M to $119MDec 10, 2025 to Feb 6, 2026
Signals
4 dated events
- Aaron David Kolkman left Boulevard for Fidere Advisors (registered 2021-05-26)Dec 8, 2022 · Advisor changed firm · fact
- Robert Gregory Neuman left Boulevard for Fidere Advisors (registered 2021-05-26)Dec 8, 2022 · Advisor changed firm · fact
- 2 advisors left Boulevard (Bloomington, MN) for Fidere Advisors on the same dayDec 8, 2022 · Team lift-out · derived
- Joseph Leonard Rapacki left Boulevard for Fidere Advisors (registered 2021-05-26)Sep 30, 2022 · Advisor changed firm · 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
- Website
- BOULEVARDWEALTH.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 877-664-2583reportedpublic record, Form ADV, Apr 22, 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
- $29.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026