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
B•••••••• F•••••••• S••••••••• L••
Latest filing Aug 6, 2026
First filing on the tape Mar 16, 2023 · 10 filings
SEC status approved since Apr 28, 2023
RAUM
$198M
reported, Item 5.F
Discretionary
81%
of RAUM
Private clients
100%
$198M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$65.9M
derived; firm RAUM over IAPD count
Employees
6
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$198M as of Aug 6, 2026
Mar 30, 2023$114M then
HNW client RAUM$189M as of Aug 6, 2026
Mar 30, 2023$97.1M then
State-registered IARs (5.B.3)3 as of Aug 6, 2026
Mar 30, 20232 then
Employees (5.A)6 as of Aug 6, 2026
Mar 30, 20235 then
Private funds: no history
RAUM +13% over the last fiscal year+20% a year over threeIARs 4 to 3
Practice profile
derived from the filing of Aug 6, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- $65.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 28derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.8MderivedHNW RAUM over HNW clients
- Average account
- $333,221derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 81%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%derivedbetween the last two annual amendments
- Advisor growth, one year
- -25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -4.5%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- Custody
- $145M, 58 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
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$189M95%
- Individuals$8.9M4.5%
- Individual clients
- 18reported
- HNW clients
- 67reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 593reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $145M for 58 clientsreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| B••••••• L••• F••••••Certified Financial Planner | Hartland, Wi | Jun 27, 2023 | 10 y | 3 |
| C••••• J••••• G••••• | Hartland, Wi | Aug 29, 2025 | 12 y | 0 |
| M•••••• J••• R•••••••••Certified Financial Planner, Chartered Financial Analyst | Hartland, Wi | Oct 1, 2025 | 20 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount2 left over 36 months
Left, latest
- J•••• W• H••• to A•••••• W••••• M••••••••• L••Jun 17, 2025 · RIA to RIA
- J••• R••••• M••••• to M••••••May 1, 2025 · RIA to affiliated broker-dealer or bank
Joined, latest
- M•••••• J••• R••••••••• from D••••••• I••••••••• A••••••• L••Oct 1, 2025 · Other
- B••••••• L••• F•••••• from C•••••• C•••••• M••••••••• I••Jun 27, 2023 · RIA to RIA
- J••• R••••• M••••• from B••••• D••••••• F•••• L••Mar 29, 2018 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- R••••••••• H••••• M•••• · Chief Compliance Officercontrolsince 01/2023 · owns less than 5%
- R••••••••• M••••••• J••• · Managing Membercontrolsince 07/2012 · 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 |
|---|---|---|---|---|---|
| Hartland, Wi · principal | 3 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 592 to 593Mar 6, 2025 to Mar 25, 2026
- Advisory employees · 4 to 3Mar 6, 2025 to Mar 25, 2026
- HNW clients · 62 to 67Mar 6, 2025 to Mar 25, 2026
- Individual clients · 27 to 18Mar 6, 2025 to Mar 25, 2026
- Assets in custody · $57.7M to $145MMar 6, 2025 to Mar 25, 2026
- State-registered IARs · 4 to 3Mar 6, 2025 to Mar 25, 2026
- Discretionary RAUM · $142M to $159MMar 6, 2025 to Mar 25, 2026
- HNW RAUM · $164M to $189MMar 6, 2025 to Mar 25, 2026
- Individual RAUM · $11.8M to $8.9MMar 6, 2025 to Mar 25, 2026
- Non-discretionary RAUM · $33.3M to $38.5MMar 6, 2025 to Mar 25, 2026
- RAUM · $176M to $198MMar 6, 2025 to Mar 25, 2026
- Accounts · 547 to 592Sep 26, 2024 to Mar 6, 2025
- Advisory employees · 3 to 4Sep 26, 2024 to Mar 6, 2025
- HNW clients · 55 to 62Sep 26, 2024 to Mar 6, 2025
- Individual clients · 32 to 27Sep 26, 2024 to Mar 6, 2025
- Assets in custody · $48.4M to $57.7MSep 26, 2024 to Mar 6, 2025
- Employees · 5 to 6Sep 26, 2024 to Mar 6, 2025
- Financial planning clients · 0 to 1-10Sep 26, 2024 to Mar 6, 2025
- State-registered IARs · 3 to 4Sep 26, 2024 to Mar 6, 2025
- Discretionary RAUM · $113M to $142MSep 26, 2024 to Mar 6, 2025
- HNW RAUM · $127M to $164MSep 26, 2024 to Mar 6, 2025
- Individual RAUM · $15.0M to $11.8MSep 26, 2024 to Mar 6, 2025
- Non-discretionary RAUM · $29.0M to $33.3MSep 26, 2024 to Mar 6, 2025
- RAUM · $142M to $176MSep 26, 2024 to Mar 6, 2025
- HQ city · DELAFIELD to HARTLANDMar 15, 2024 to Sep 26, 2024
- Accounts · 446 to 547Sep 12, 2023 to Mar 15, 2024
- Advisory employees · 2 to 3Sep 12, 2023 to Mar 15, 2024
- HNW clients · 45 to 55Sep 12, 2023 to Mar 15, 2024
- Individual clients · 37 to 32Sep 12, 2023 to Mar 15, 2024
- Assets in custody · $40.7M to $48.4MSep 12, 2023 to Mar 15, 2024
- Financial planning clients · 1-10 to 0Sep 12, 2023 to Mar 15, 2024
- State-registered IARs · 2 to 3Sep 12, 2023 to Mar 15, 2024
- Discretionary RAUM · $107M to $113MSep 12, 2023 to Mar 15, 2024
- HNW RAUM · $97.1M to $127MSep 12, 2023 to Mar 15, 2024
- Individual RAUM · $14.2M to $15.0MSep 12, 2023 to Mar 15, 2024
- Non-discretionary RAUM · $7.8M to $29.0MSep 12, 2023 to Mar 15, 2024
- Pension RAUM · 3100000.0 to unsetSep 12, 2023 to Mar 15, 2024
- RAUM · $114M to $142MSep 12, 2023 to Mar 15, 2024
Signals
4 dated events
- J•••• W• H••• left B•••••••• F•••••••• S••••••••• L•• for A•••••• W••••• M••••••••• L•• (registered 2025-07-11)Jun 17, 2025 · Advisor changed firm · fact
- J••• R••••• M••••• left B•••••••• F•••••••• S••••••••• L•• for Mariner (registered 2025-05-06)May 1, 2025 · Advisor changed firm · fact
- Heidi Rodenbaugh (Chief Compliance Officer) appeared on Schedule A of B•••••••• F•••••••• S••••••••• L••Mar 24, 2023 · Control person joined · fact
- B•••••••• F•••••••• S••••••••• L•• filed its initial SEC registration (Form ADV)Mar 16, 2023 · 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
- info@boardwalk-fs.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- amanda@boardwalk-fs.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- cj@boardwalk-fs.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- dawn@boardwalk-fs.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- heidi@boardwalk-fs.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- josh@boardwalk-fs.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 262-423-7552reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 262-563-2080reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- H••••://WWW.LINKEDIN.COM/COMPANY/B••••••••-FINANCIAL-S••••••reportedpublic record, Form ADV, Sep 18, 2026
- Website
- B••••••••-FS.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 262-423-7552reportedpublic record, Form ADV, Aug 6, 2026
- Contact form
- boardwalk-fs.com/contactreportedpublished by the firm, firm site, Sep 16, 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
- $65.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026