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
Lincoln Capital, LLC
Latest filing Mar 9, 2026
First filing on the tape Aug 28, 2013 · 28 filings
SEC status approved since Sep 18, 2013
RAUM
$845M
reported, Item 5.F
Discretionary
85%
of RAUM
Private clients
85%
$715M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$169M
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
28 filings and snapshots on the tape
RAUM$845M as of Mar 9, 2026
Feb 14, 2014$168M then
HNW client RAUM$622M as of Mar 9, 2026
Mar 16, 2018$188M then
State-registered IARs (5.B.3)4 as of Mar 9, 2026
Feb 14, 20144 then
Employees (5.A)9 as of Mar 9, 2026
Feb 14, 20146 then
Private funds: no history
RAUM +14% over the last fiscal year+16% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 9, 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
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $169MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 242derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $974,025derivedHNW RAUM over HNW clients
- Average account
- $667,260derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 85%derivedof RAUM
- Institutional
- 0.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.8derivedItem 5.A over advisors
- Advisors per office
- 5.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +120%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
- Wrap fee program
- $660MreportedItem 5.I
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$622M74%
- Corporations and businesses$123M15%
- Individuals$92.4M11%
- Charitable organizations$5.1M0.6%
- Pension and profit-sharing plans$1.4M0.2%
- Individual clients
- 571reported
- HNW clients
- 639reported
- Pension plan clients
- 2reported
- Charitable clients
- 8reported
- Accounts
- 1,266reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- $42.8M sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.85 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=2.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Judd Aaron Norman | Lincoln, Ne | Sep 19, 2013 | 40 y | 2 |
| Brett C Neal | Lincoln, Ne | Sep 19, 2013 | 36 y | 2 |
| Truman Wendell Faeh | Lincoln, Ne | Jan 9, 2018 | 12 y | 1 |
| Brian George Swim | Lincoln, Ne | Dec 21, 2022 | 17 y | 3 |
| Jonnathan Isaac Mclain | Lincoln, Ne | Aug 17, 2026 | 11 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
none on the tape
Joined, latest
- Brian George Swim from Ameritas Advisory ServicesDec 21, 2022 · Other
- Truman Wendell Faeh from Creativeone Securities, LLCJan 9, 2018 · Other
- Brett C Neal from Wells Fargo AdvisorsSep 19, 2013 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- Judd Aaron Norman from Wells Fargo AdvisorsSep 19, 2013 · Wirehouse to a newly registered adviser (no RAUM reported yet)
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Aaron Judd Norman · Managing Membercontrolsince 07/2005 · owns 75% or more
- George Brian Swim · Chief Compliance Officersince 04/2024 · owns less than 5%
Related persons
Schedule D 7.A
- Lincoln Capital Insurance Group, LLCreal estaten
- Lincoln Capital Life, LLCreal estaten
- Lincoln Capital Solutionsreal estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Lincoln, Ne · principal | 5 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- custody status changedChange between filings · filing Mar 9, 2026custody of client assets (Item 9.A): yes on the filing of 2025-03-18, no on the filing of 2026-03-09peers: independent wealth managers, $500M to $1B (1,483)
- client count surgeChange between filings · filing Mar 9, 2026individual and HNW clients (Item 5.D) moved from 550.0 to 1,210.0 (+120.0%) between the annual amendments of 2025-03-18 and 2026-03-09; the peer median change was +5.0% (1216 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $500M to $1B (1,216) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 1,176 to 1,266Mar 18, 2025 to Mar 9, 2026
- Charity clients · 6 to 8Mar 18, 2025 to Mar 9, 2026
- Corporate clients · 35 to 46Mar 18, 2025 to Mar 9, 2026
- HNW clients · 232 to 639Mar 18, 2025 to Mar 9, 2026
- Individual clients · 318 to 571Mar 18, 2025 to Mar 9, 2026
- Assets in custody · 49021124.0 to unsetMar 18, 2025 to Mar 9, 2026
- Custody of client assets · true to falseMar 18, 2025 to Mar 9, 2026
- Discretionary RAUM · $594M to $722MMar 18, 2025 to Mar 9, 2026
- HNW RAUM · $549M to $622MMar 18, 2025 to Mar 9, 2026
- Individual RAUM · $77.1M to $92.4MMar 18, 2025 to Mar 9, 2026
- Non-discretionary RAUM · $148M to $123MMar 18, 2025 to Mar 9, 2026
- Pension RAUM · $2.1M to $1.4MMar 18, 2025 to Mar 9, 2026
- RAUM · $743M to $845MMar 18, 2025 to Mar 9, 2026
- Accounts · 1,131 to 1,176Aug 27, 2024 to Mar 18, 2025
- Charity clients · 8 to 6Aug 27, 2024 to Mar 18, 2025
- HNW clients · 227 to 232Aug 27, 2024 to Mar 18, 2025
- Individual clients · 308 to 318Aug 27, 2024 to Mar 18, 2025
- Pension plan clients · unset to 2.0Aug 27, 2024 to Mar 18, 2025
- Assets in custody · unset to 49021124.0Aug 27, 2024 to Mar 18, 2025
- Custody of client assets · false to trueAug 27, 2024 to Mar 18, 2025
- Financial planning clients · 1-10 to 1-10Aug 27, 2024 to Mar 18, 2025
- Discretionary RAUM · $557M to $594MAug 27, 2024 to Mar 18, 2025
- HNW RAUM · $473M to $549MAug 27, 2024 to Mar 18, 2025
- Individual RAUM · $66.1M to $77.1MAug 27, 2024 to Mar 18, 2025
- Non-discretionary RAUM · $87.1M to $148MAug 27, 2024 to Mar 18, 2025
- Pension RAUM · $1.9M to $2.1MAug 27, 2024 to Mar 18, 2025
- RAUM · $644M to $743MAug 27, 2024 to Mar 18, 2025
- Wrap assets (sponsor) · $36.7M to $42.8MAug 27, 2024 to Mar 18, 2025
- Advisory employees · 5 to 4Jul 22, 2024 to Aug 27, 2024
- Employees · 10 to 9Jul 22, 2024 to Aug 27, 2024
- State-registered IARs · 5 to 4Jul 22, 2024 to Aug 27, 2024
- Accounts · 1,068 to 1,131Jan 20, 2023 to Jan 16, 2024
- Charity clients · 6 to 8Jan 20, 2023 to Jan 16, 2024
- Corporate clients · 27 to 35Jan 20, 2023 to Jan 16, 2024
- HNW clients · 217 to 227Jan 20, 2023 to Jan 16, 2024
- Individual clients · 288 to 308Jan 20, 2023 to Jan 16, 2024
- Discretionary RAUM · $465M to $557MJan 20, 2023 to Jan 16, 2024
- HNW RAUM · $407M to $473MJan 20, 2023 to Jan 16, 2024
- Individual RAUM · $58.2M to $66.1MJan 20, 2023 to Jan 16, 2024
- Non-discretionary RAUM · $75.2M to $87.1MJan 20, 2023 to Jan 16, 2024
Signals
3 dated events
- Susan Cynthia Hahn (Chief Compliance Officer) no longer on Schedule A of Lincoln Capital, Llc (listed 2024-01-16, absent 2024-07-22)Jul 22, 2024 · Control person left · inference
- Lincoln Capital, Llc reported RAUM $476.8M, up 29% from $368.8M (2020-06-05 to 2021-02-10)Feb 10, 2021 · RAUM change · derived
- Lincoln Capital, Llc filed its initial SEC registration (Form ADV)Aug 28, 2013 · 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
- Website
- THELINCOLNCAPITALGROUP.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 4024831400reportedpublic record, Form ADV, Mar 9, 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
- $169Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026