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
I••• H•••• W••••• M••••••••• L••
Latest filing Jun 18, 2025
First filing on the tape Nov 10, 2016 · 22 filings
SEC status approved since Nov 25, 2016
RAUM
$533M
reported, Item 5.F
Discretionary
67%
of RAUM
Private clients
61%
$326M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
7
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$533M as of Jun 18, 2025
Feb 20, 2017$108M then
HNW client RAUM: no history
State-registered IARs (5.B.3)6 as of Jun 18, 2025
Feb 20, 20173 then
Employees (5.A)7 as of Jun 18, 2025
Feb 20, 20173 then
Private funds: no history
RAUM +25% over the last fiscal year+22% a year over threeIARs 6 to 6
Practice profile
derived from the filing of Jun 18, 2025; every figure names its basis
- RAUM per advisor
- $88.8MderivedRAUM 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
- $372,342derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 67%derivedof RAUM
- Institutional
- 39%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 6.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +25%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, educational seminarsreportedItem 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
- 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)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$326M61%
- Pension and profit-sharing plans$175M33%
- Charitable organizations$25.3M4.8%
- Insurance companies$6.4M1.2%
- Individual clients
- 1,324reported
- HNW clients
- n/areported
- Pension plan clients
- 82reported
- Charitable clients
- 17reported
- Accounts
- 1,431reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, 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
5 left, 0 joined in 12 months
net -5 in 12 months0 left in 90 days0 joined in 90 days6 left over 36 months
Left, latest
- M••• A••• B•••••••• to A••••• W•••••Nov 12, 2025 · RIA to RIA
- P•••• D••• S•••••• to A••••• W•••••Nov 12, 2025 · RIA to RIA
- D••••• L•• M•••••• to A••••• W•••••Nov 12, 2025 · RIA to RIA
- G••• J••••• H•••• to A••••• W•••••Nov 12, 2025 · RIA to RIA
- D••••• L•• B•••• to A••••• W•••••Nov 12, 2025 · RIA to RIA
- I••••• O••••• M••••••• to F••••• G••••• I•••Jun 18, 2025 · RIA to RIA
- M•••••• F•••••• B••••••• to O••• W••••• M•••••••••Jan 29, 2020 · RIA to a state-registered adviser
- J•••• A• L••••••• to P••• A••••• S••••••••• L••May 4, 2019 · RIA to affiliated broker-dealer or bank
- W•••••• J••••• S••••• to S••••• W••••• M•••••••••Apr 16, 2018 · Other
Joined, latest
- M•••••• F•••••• B••••••• from L••••• F•••••••• G••••Mar 2, 2017 · Other
- J•••• A• L••••••• from L••••• F•••••••• G••••Mar 2, 2017 · Other
- W•••••• J••••• S••••• from V•••••• W•••••• L••Oct 29, 2013 · Other
- D••••• L•• M•••••• from I••••• F•••••••• C•••••••••Aug 13, 2012 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 5 left for A••••• W•••••Nov 12, 2025 · Johnston, Ia · Firm absorbed
- 2 joined from L••••• F•••••••• G••••Mar 2, 2017 · Des Moines, Ia
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- M••••••• D•••••• L•• · Managing Member, Chief Compliance Officercontrolsince 08/2012 · 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 |
|---|---|---|---|---|---|
| Johnston, Ia · principal | 0 | 0 | 5 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Financial planning clients · 101-250 to 101-250Mar 18, 2025 to Jun 18, 2025
- Accounts · 2,665 to 1,431Mar 7, 2024 to Mar 18, 2025
- Assets in custody · 80178.0 to unsetMar 7, 2024 to Mar 18, 2025
- Custody of client assets · true to falseMar 7, 2024 to Mar 18, 2025
- Employees · 6 to 7Mar 7, 2024 to Mar 18, 2025
- Discretionary RAUM · $280M to $358MMar 7, 2024 to Mar 18, 2025
- Individual RAUM · $253M to $326MMar 7, 2024 to Mar 18, 2025
- Non-discretionary RAUM · $146M to $175MMar 7, 2024 to Mar 18, 2025
- Pension RAUM · $146M to $175MMar 7, 2024 to Mar 18, 2025
- RAUM · $426M to $533MMar 7, 2024 to Mar 18, 2025
- Accounts · 1,319 to 2,665Sep 29, 2023 to Mar 7, 2024
- Individual clients · 1,239 to 1,324Sep 29, 2023 to Mar 7, 2024
- Pension plan clients · 62 to 82Sep 29, 2023 to Mar 7, 2024
- Assets in custody · unset to 80178.0Sep 29, 2023 to Mar 7, 2024
- Custody of client assets · false to trueSep 29, 2023 to Mar 7, 2024
- Discretionary RAUM · $228M to $280MSep 29, 2023 to Mar 7, 2024
- Individual RAUM · $215M to $253MSep 29, 2023 to Mar 7, 2024
- Non-discretionary RAUM · $109M to $146MSep 29, 2023 to Mar 7, 2024
- Pension RAUM · $109M to $146MSep 29, 2023 to Mar 7, 2024
- RAUM · $337M to $426MSep 29, 2023 to Mar 7, 2024
- Accounts · 2,105 to 1,319Oct 3, 2022 to Feb 15, 2023
- Charity clients · 14 to 17Oct 3, 2022 to Feb 15, 2023
- Individual clients · 982 to 1,239Oct 3, 2022 to Feb 15, 2023
- Pension plan clients · 55 to 62Oct 3, 2022 to Feb 15, 2023
- Discretionary RAUM · $297M to $228MOct 3, 2022 to Feb 15, 2023
- Individual RAUM · $184M to $215MOct 3, 2022 to Feb 15, 2023
- Non-discretionary RAUM · $0 to $109MOct 3, 2022 to Feb 15, 2023
- Pension RAUM · $96.8M to $109MOct 3, 2022 to Feb 15, 2023
- RAUM · $297M to $337MOct 3, 2022 to Feb 15, 2023
- Accounts · 886 to 2,105Jul 27, 2021 to Jan 24, 2022
- Advisory employees · 4 to 6Jul 27, 2021 to Jan 24, 2022
- Charity clients · 11 to 14Jul 27, 2021 to Jan 24, 2022
- Individual clients · 826 to 982Jul 27, 2021 to Jan 24, 2022
- Pension plan clients · 45 to 55Jul 27, 2021 to Jan 24, 2022
- Employees · 5 to 6Jul 27, 2021 to Jan 24, 2022
- State-registered IARs · 4 to 6Jul 27, 2021 to Jan 24, 2022
- Discretionary RAUM · $210M to $297MJul 27, 2021 to Jan 24, 2022
- Individual RAUM · $131M to $184MJul 27, 2021 to Jan 24, 2022
- Pension RAUM · $64.4M to $96.8MJul 27, 2021 to Jan 24, 2022
- RAUM · $210M to $297MJul 27, 2021 to Jan 24, 2022
Signals
9 dated events
- I••• H•••• W••••• M••••••••• L•• no longer on the SEC adviser roster (last listed 2025-09-02, RAUM $532.8M)Dec 20, 2025 · Left the SEC roster · derived
- G••• J••••• H•••• left I••• H•••• W••••• M••••••••• L•• for A••••• W••••• (registered 2025-07-07)Nov 12, 2025 · Advisor changed firm · fact
- D••••• L•• B•••• left I••• H•••• W••••• M••••••••• L•• for A••••• W••••• (registered 2025-07-07)Nov 12, 2025 · Advisor changed firm · fact
- M••• A••• B•••••••• left I••• H•••• W••••• M••••••••• L•• for A••••• W••••• (registered 2025-07-07)Nov 12, 2025 · Advisor changed firm · fact
- D••••• L•• M•••••• left I••• H•••• W••••• M••••••••• L•• for A••••• W••••• (registered 2025-07-09)Nov 12, 2025 · Advisor changed firm · fact
- I••• H•••• W••••• M••••••••• L••'s advisors moved to A••••• W••••• (Johnston, IA): 5 of 5 registered, on the same dayNov 12, 2025 · Firm absorbed (people side) · derived
- P•••• D••• S•••••• left I••• H•••• W••••• M••••••••• L•• for A••••• W••••• (registered 2025-07-08)Nov 12, 2025 · Advisor changed firm · fact
- I••••• O••••• M••••••• left I••• H•••• W••••• M••••••••• L•• for F••••• G••••• I••• (registered 2025-07-17)Jun 18, 2025 · Advisor changed firm · fact
- I••• H•••• W••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Nov 10, 2016 · 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.
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