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

L•••• W•••••

Former SEC-registered adviserSartell, MinnesotaCRD 165713SEC 801-112690IAPD
Legal name L•••• W••••• M••••••••• I•••
Latest filing Mar 22, 2023
First filing on the tape Feb 22, 2018 · 10 filings
RAUM
$351M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$347M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
9
4 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$351M as of Mar 22, 2023
Mar 28, 2019$183M then
HNW client RAUM$258M as of Mar 22, 2023
Mar 28, 2019$115M then
State-registered IARs (5.B.3)4 as of Mar 22, 2023
Mar 28, 20194 then
Employees (5.A)9 as of Mar 22, 2023
Mar 28, 20197 then
Private funds: no history
RAUM -5.8% over the last fiscal year+16% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 22, 2023; every figure names its basis
RAUM per advisor
$87.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
77derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.6MderivedHNW RAUM over HNW clients
Average account
$410,922derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.3derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-5.8%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+1.3%derived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
Custody
$185M, 214 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)
  • 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
  • High-net-worth individuals$258M73%
  • Individuals$89.6M26%
  • Charitable organizations$2.1M0.6%
  • Pension and profit-sharing plans$1.3M0.4%
Individual clients
207reported
HNW clients
101reported
Pension plan clients
1reported
Charitable clients
1reported
Accounts
854reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$185M for 214 clientsreported
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
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
    • B••••••• G•••• K•••••• · Cco/Coocontrol
      since 01/2015 · owns 25% to 50%
    • D••••••••• K•••• S• · Ceo/Presidentcontrol
      since 10/2012 · owns 50% to 75%
    • R••••••• S•••••• J••• · Advisor
      since 01/2019 · owns less than 5%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Sartell, Mn · principal000
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 800 to 854
      Mar 28, 2022 to Mar 22, 2023
    • HNW clients · 110 to 101
      Mar 28, 2022 to Mar 22, 2023
    • Individual clients · 194 to 207
      Mar 28, 2022 to Mar 22, 2023
    • Assets in custody · $207M to $185M
      Mar 28, 2022 to Mar 22, 2023
    • Employees · 8 to 9
      Mar 28, 2022 to Mar 22, 2023
    • Discretionary RAUM · $373M to $351M
      Mar 28, 2022 to Mar 22, 2023
    • HNW RAUM · $277M to $258M
      Mar 28, 2022 to Mar 22, 2023
    • Individual RAUM · $91.4M to $89.6M
      Mar 28, 2022 to Mar 22, 2023
    • Pension RAUM · $1.5M to $1.3M
      Mar 28, 2022 to Mar 22, 2023
    • RAUM · $373M to $351M
      Mar 28, 2022 to Mar 22, 2023
    • Accounts · 725 to 800
      Jan 3, 2022 to Mar 28, 2022
    • Advisory employees · 5 to 4
      Jan 3, 2022 to Mar 28, 2022
    • HNW clients · 103 to 110
      Jan 3, 2022 to Mar 28, 2022
    • Individual clients · 183 to 194
      Jan 3, 2022 to Mar 28, 2022
    • Assets in custody · $155M to $207M
      Jan 3, 2022 to Mar 28, 2022
    • State-registered IARs · 5 to 4
      Jan 3, 2022 to Mar 28, 2022
    • Discretionary RAUM · $289M to $373M
      Jan 3, 2022 to Mar 28, 2022
    • HNW RAUM · $206M to $277M
      Jan 3, 2022 to Mar 28, 2022
    • Individual RAUM · $80.5M to $91.4M
      Jan 3, 2022 to Mar 28, 2022
    • Pension RAUM · $1.2M to $1.5M
      Jan 3, 2022 to Mar 28, 2022
    • RAUM · $289M to $373M
      Jan 3, 2022 to Mar 28, 2022
    • Accounts · 605 to 725
      Sep 17, 2020 to Mar 29, 2021
    • Advisory employees · 4 to 5
      Sep 17, 2020 to Mar 29, 2021
    • BD registered reps · 5 to 1
      Sep 17, 2020 to Mar 29, 2021
    • HNW clients · 81 to 103
      Sep 17, 2020 to Mar 29, 2021
    • Individual clients · 166 to 183
      Sep 17, 2020 to Mar 29, 2021
    • Assets in custody · $97.2M to $155M
      Sep 17, 2020 to Mar 29, 2021
    • Employees · 7 to 8
      Sep 17, 2020 to Mar 29, 2021
    • State-registered IARs · 4 to 5
      Sep 17, 2020 to Mar 29, 2021
    • Discretionary RAUM · $227M to $289M
      Sep 17, 2020 to Mar 29, 2021
    • HNW RAUM · $154M to $206M
      Sep 17, 2020 to Mar 29, 2021
    • Individual RAUM · $71.5M to $80.5M
      Sep 17, 2020 to Mar 29, 2021
    • Pension RAUM · $1.1M to $1.2M
      Sep 17, 2020 to Mar 29, 2021
    • RAUM · $227M to $289M
      Sep 17, 2020 to Mar 29, 2021
    • Accounts · 570 to 605
      Mar 28, 2019 to Mar 25, 2020
    • HNW clients · 62 to 81
      Mar 28, 2019 to Mar 25, 2020
    • Individual clients · 170 to 166
      Mar 28, 2019 to Mar 25, 2020
    • Assets in custody · $73.3M to $97.2M
      Mar 28, 2019 to Mar 25, 2020
    • Financial planning clients · 0 to 1-10
      Mar 28, 2019 to Mar 25, 2020
    • Discretionary RAUM · $183M to $227M
      Mar 28, 2019 to Mar 25, 2020
    Signals
    8 dated events
    • K••• S•••••• D••••••••• left L•••• W••••• for D••••• W•••••• L•• (registered 2024-01-02)
      Mar 19, 2024 · Advisor changed firm · fact
    • R•••• A•• S•••• left L•••• W••••• for D••••• W•••••• L•• (registered 2024-01-02)
      Mar 19, 2024 · Advisor changed firm · fact
    • S••••• J••• R•••••• left L•••• W••••• for D••••• W•••••• L•• (registered 2024-01-02)
      Mar 19, 2024 · Advisor changed firm · fact
    • L•••• W•••••'s advisors moved to D••••• W•••••• L•• (Sartell, MN): 3 of 3 registered, on the same day
      Mar 19, 2024 · Firm absorbed (people side) · derived
    • M••••••• J••• G•••• left L•••• W••••• for D••••• W•••••• L•• (registered 2024-01-02)
      Feb 29, 2024 · Advisor changed firm · fact
    • G••• K•••••• B•••••• left L•••• W••••• for D••••• W•••••• L•• (registered 2024-01-02)
      Feb 29, 2024 · Advisor changed firm · fact
    • 2 advisors left L•••• W••••• (Sartell, MN) for D••••• W•••••• L•• on the same day
      Feb 29, 2024 · Team lift-out · derived
    • L•••• W••••• filed its initial SEC registration (Form ADV)
      Feb 22, 2018 · 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