DFX Intelligence

RIA Intelligence

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SEC-registered adviser

D•••••••• • A••••••••• F•••••••• A•••••••• I•••

Independent wealth managerBuffalo, MinnesotaCRD 165145SEC 801-93169website IAPD

Latest filing Feb 25, 2026

First filing on the tape Apr 10, 2015 · 27 filings

SEC status approved since Apr 20, 2015

RAUM

$383M

reported, Item 5.F

Discretionary

99%

of RAUM

Private clients

100%

$383M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$76.6M

derived; firm RAUM over IAPD count

Employees

9 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

27 filings and snapshots on the tape

RAUM$383M as of Feb 25, 2026

Mar 14, 2016$108M then

HNW client RAUM$185M as of Feb 25, 2026

Mar 16, 2018$14.8M then

State-registered IARs (5.B.3)5 as of Feb 25, 2026

Mar 14, 20164 then

Employees (5.A)9 as of Feb 25, 2026

Mar 14, 20168 then

Private funds: no history

RAUM +8.2% over the last fiscal year+11% a year over threeIARs 5 to 5

Practice profile

derived from the filing of Feb 25, 2026; every figure names its basis

Archetypes, each a printed rule

i••••••••• 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: $76.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 214derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $2.3MderivedHNW RAUM over HNW clients
Average account: $166,172derivedRAUM over accounts (5.F.2.f)
Discretionary: 99%derivedof RAUM
Institutional: 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.8derivedItem 5.A over advisors
Advisors per office: 2.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year: +8.2%derivedbetween the last two annual amendments
Advisor growth, one year: +0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year: -0.7%derived
Compensation: percentage of assets, fixed feesreportedItem 5.E
Advisory activities: financial planning, portfolio management for individualsreportedItem 5.G
Custody: $200M, 568 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)
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

Individuals$198M52%
High-net-worth individuals$185M48%

Individual clients: 989reported
HNW clients: 80reported
Pension plan clients: n/areported
Charitable clients: n/areported
Accounts: 2,304reported
Financial planning clients: 1-10reported
Wrap fee programs: noreported
Custody of client assets: $200M for 568 clientsreported
Compensation: % of AUM, fixedreported
Class basis: private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=6.0derived

Advisors registered through the firm

5 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
K•••• J••••• S••••••Certified Financial Planner	Buffalo, Mn	Dec 23, 2013	23 y	1
D••••• J••• D••••••••	Buffalo, Mn	Nov 13, 2015	11 y	0
D••••• L•• D••••••••	Buffalo, Mn	Apr 27, 2018	12 y	0
L••• A•• G••••	Buffalo, Mn	Jun 16, 2020	18 y	3
A••••• D•••• B•••••	Buffalo, Mn	Jan 9, 2025	21 y	0

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

C••• M•••••• R••••• to I••••••••• F•••••••• G••••• L••
Mar 10, 2016 · Other

Joined, latest

K•••• J••••• S•••••• from R•• C•••••• M••••••• L••
Dec 23, 2013 · Other
L••• A•• G•••• from I••••••••• F•••••••• G••••• L••
Dec 23, 2013 · Other

Every departure Every arrival

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

D••••••••• D•••••• J••• · Chief Executive Officer, President, Director, Secretary, Ownercontrol
since 09/2020 · owns 50% to 75%
D••••••••• D•••••• L•• · Chief Financial Officer, Chief Compliance Officer, Director, Treasurer, Ownercontrol
since 09/2020 · owns 50% to 75%

Related persons

Schedule D 7.A

No related person reported.

Advisers that list D•••••••• • A••••••••• F•••••••• A•••••••• I••• as a related person

113242 n

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
Buffalo, Mn · principal	5	0	0

Offices

Schedule D 1.F, the 25 largest

St. Paul, MN3 employees

What changed

consecutive filings, newest first

Accounts · 2,321 to 2,304
Nov 12, 2025 to Feb 25, 2026
HNW clients · 81 to 80
Nov 12, 2025 to Feb 25, 2026
Individual clients · 996 to 989
Nov 12, 2025 to Feb 25, 2026
Assets in custody · $21.1M to $200M
Nov 12, 2025 to Feb 25, 2026
Discretionary RAUM · $352M to $381M
Nov 12, 2025 to Feb 25, 2026
HNW RAUM · $174M to $185M
Nov 12, 2025 to Feb 25, 2026
Individual RAUM · $180M to $198M
Nov 12, 2025 to Feb 25, 2026
Non-discretionary RAUM · $1.7M to $2.3M
Nov 12, 2025 to Feb 25, 2026
RAUM · $354M to $383M
Nov 12, 2025 to Feb 25, 2026
Accounts · 2,327 to 2,321
Oct 30, 2024 to Mar 7, 2025
Advisory employees · 8 to 9
Oct 30, 2024 to Mar 7, 2025
BD registered reps · 5 to 6
Oct 30, 2024 to Mar 7, 2025
HNW clients · 64 to 81
Oct 30, 2024 to Mar 7, 2025
Individual clients · 1,023 to 996
Oct 30, 2024 to Mar 7, 2025
Assets in custody · $17.6M to $21.1M
Oct 30, 2024 to Mar 7, 2025
Employees · 8 to 9
Oct 30, 2024 to Mar 7, 2025
Financial planning clients · 1-10 to 1-10
Oct 30, 2024 to Mar 7, 2025
State-registered IARs · 4 to 5
Oct 30, 2024 to Mar 7, 2025
Discretionary RAUM · $306M to $352M
Oct 30, 2024 to Mar 7, 2025
HNW RAUM · $137M to $174M
Oct 30, 2024 to Mar 7, 2025
Individual RAUM · $171M to $180M
Oct 30, 2024 to Mar 7, 2025
Non-discretionary RAUM · $1.4M to $1.7M
Oct 30, 2024 to Mar 7, 2025
RAUM · $308M to $354M
Oct 30, 2024 to Mar 7, 2025
Accounts · 2,378 to 2,327
Sep 5, 2023 to Mar 8, 2024
Advisory employees · 9 to 8
Sep 5, 2023 to Mar 8, 2024
HNW clients · 59 to 64
Sep 5, 2023 to Mar 8, 2024
Individual clients · 1,062 to 1,023
Sep 5, 2023 to Mar 8, 2024
Assets in custody · $20.6M to $17.6M
Sep 5, 2023 to Mar 8, 2024
Employees · 9 to 8
Sep 5, 2023 to Mar 8, 2024
Discretionary RAUM · $275M to $306M
Sep 5, 2023 to Mar 8, 2024
HNW RAUM · $118M to $137M
Sep 5, 2023 to Mar 8, 2024
Individual RAUM · $160M to $171M
Sep 5, 2023 to Mar 8, 2024
Non-discretionary RAUM · $2.7M to $1.4M
Sep 5, 2023 to Mar 8, 2024
RAUM · $277M to $308M
Sep 5, 2023 to Mar 8, 2024
Accounts · 2,435 to 2,378
Mar 4, 2022 to Mar 16, 2023
Advisory activities · 5 to 2
Mar 4, 2022 to Mar 16, 2023
HNW clients · 67 to 59
Mar 4, 2022 to Mar 16, 2023
Individual clients · 1,080 to 1,062
Mar 4, 2022 to Mar 16, 2023
Assets in custody · $23.7M to $20.6M
Mar 4, 2022 to Mar 16, 2023
Discretionary RAUM · $317M to $275M
Mar 4, 2022 to Mar 16, 2023

Signals

6 dated events

Elizabeth Coreen D•••••••• (Owner/Director) no longer on Schedule A of D•••••••• • A••••••••• F•••••••• A•••••••• I••• (listed 2020-05-27, absent 2020-09-22)
Sep 22, 2020 · Control person left · inference
John Daniel D•••••••• (Chief Executive Officer, President, Secretary) appeared on Schedule A of D•••••••• • A••••••••• F•••••••• A•••••••• I•••
Jan 2, 2020 · Control person joined · fact
Lee D••••• D•••••••• (Chief Financial Officer, Chief Compliance Officer, Treasurer) appeared on Schedule A of D•••••••• • A••••••••• F•••••••• A•••••••• I•••
Jan 2, 2020 · Control person joined · fact
Elizabeth Coreen D•••••••• (Owner/Director) appeared on Schedule A of D•••••••• • A••••••••• F•••••••• A•••••••• I•••
Jan 2, 2020 · Control person joined · fact
John Michael D•••••••• (President/ Chief Compliance Officer) no longer on Schedule A of D•••••••• • A••••••••• F•••••••• A•••••••• I••• (listed 2019-01-31, absent 2020-01-02)
Jan 2, 2020 · Control person left · inference
D•••••••• • A••••••••• F•••••••• A•••••••• I••• filed its initial SEC registration (Form ADV)
Apr 10, 2015 · 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: b•••••••••@t•••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email: c•••••••••@t•••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email: p•••••••••@t•••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Business phone: 651-400-1507reportedpublished by the firm, firm site, Sep 15, 2026
Business phone: 651-400-1667reportedpublished by the firm, firm site, Sep 15, 2026
Business phone: 651-400-1669reportedpublished by the firm, firm site, Sep 15, 2026
Website: w••.t•••••••.comreportedpublic record, Form ADV, Sep 21, 2026
Principal office phone: 763-682-4014reportedpublic record, Form ADV, Feb 25, 2026
Team page: t•••••••.comreportedpublished by the firm, firm site, Sep 15, 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: $76.6Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026