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

E•• M•••• S••••••••• L••

Independent wealth managerAppleton, WisconsinCRD 168410SEC 801-80785websiteIAPD
Latest filing Aug 27, 2026
First filing on the tape Dec 18, 2014 · 30 filings
SEC status approved since Jan 2, 2015
RAUM
$18.1M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
71%
$12.8M individuals and HNW
Advisors
11
registered through the firm on IAPD
RAUM per advisor
$1.6M
derived; firm RAUM over IAPD count
Employees
14
10 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$18.1M as of Aug 27, 2026
Apr 2, 2015$862,725 then
HNW client RAUM$5.9M as of Aug 27, 2026
Mar 29, 2018$2.6M then
State-registered IARs (5.B.3)10 as of Aug 27, 2026
Apr 2, 20154 then
Employees (5.A)14 as of Aug 27, 2026
Apr 2, 20157 then
Private funds: no history
RAUM +7.7% over the last fiscal year+13% a year over threeIARs 9 to 10
Practice profile
derived from the filing of Aug 27, 2026; every figure names its basis
Archetypes, each a printed rule
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
RAUM per advisor
$1.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
10derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$490,647derivedHNW RAUM over HNW clients
Average account
$82,344derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
29%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
5.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+7.7%derivedbetween the last two annual amendments
Advisor growth, one year
+11%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.0%derived
Compensation
percentage of assets, otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$6.9M38%
  • High-net-worth individuals$5.9M33%
  • Pension and profit-sharing plans$5.3M29%
Individual clients
93reported
HNW clients
12reported
Pension plan clients
2reported
Charitable clients
0reported
Accounts
220reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $12.8M managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.71 fund_share=0.0 institutional_share=0.29 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
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
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • M•••••••• P••••••• N•• · Managing Member, Chief Investment Officercontrol
    since 05/2013 · owns 10% to 25%
  • R••••• R•••••• L•••• · Managing Member, Chief Compliance Officercontrol
    since 05/2013 · owns 10% to 25%
  • G•••• P•••• O••••• · Membercontrol
    since 02/2000 · owns 75% or more of O••••• G••••• L••
  • R•••• L••••• L•• · Trusteecontrol
    since 12/2012 · owns 50% to 75% of L•••• L• R••• A•• N•••• E• R••• J•••• R•••••••• L••••• T••••
  • R•••• N••••• E••••• · Trusteecontrol
    since 12/2012 · owns 50% to 75% of L•••• L• R••• A•• N•••• E• R••• J•••• R•••••••• L••••• T••••
  • S••••••••• R•••••• G••• · L•••••• Partnercontrol
    since 12/2021 · owns 25% to 50% of S••••••••• F••••• L•••••• P••••••••• L•
  • S••••••••• S••• E•••• · L•••••• Partnercontrol
    since 12/2021 · owns 25% to 50% of S••••••••• F••••• L•••••• P••••••••• L•
  • T••••• T•••• C•••••• · Membercontrol
    since 11/2013 · owns 75% or more of 0•••• L••
  • O•••• W••••• S••••••••• · Member
    since 12/2015 · owns 5% to 10%
Entity owners
  • 0•••• L•• · Member
    direct · owns 10% to 25%
  • L•••• L• R••• A•• N•••• E• R••• J•••• R•••••••• L••••• T•••• · Member
    direct · owns 10% to 25%
  • O••••• G••••• L•• · Member
    direct · owns 5% to 10%
  • S••••••••• F••••• L•••••• P••••••••• L• · Shareholder
    direct · owns 5% to 10%
Related persons
Schedule D 7.A
Advisers that list E•• M•••• S••••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Appleton, Wi · principal1110
Offices
Schedule D 1.F, the 25 largest
  • , 1 employees
What changed
consecutive filings, newest first
  • Accounts · 210 to 220
    Mar 31, 2025 to Mar 31, 2026
  • Advisory employees · 9 to 10
    Mar 31, 2025 to Mar 31, 2026
  • HNW clients · 13 to 12
    Mar 31, 2025 to Mar 31, 2026
  • Individual clients · 92 to 93
    Mar 31, 2025 to Mar 31, 2026
  • Employees · 13 to 14
    Mar 31, 2025 to Mar 31, 2026
  • State-registered IARs · 9 to 10
    Mar 31, 2025 to Mar 31, 2026
  • Discretionary RAUM · $16.8M to $18.1M
    Mar 31, 2025 to Mar 31, 2026
  • HNW RAUM · $5.2M to $5.9M
    Mar 31, 2025 to Mar 31, 2026
  • Individual RAUM · $5.8M to $6.9M
    Mar 31, 2025 to Mar 31, 2026
  • Pension RAUM · $5.9M to $5.3M
    Mar 31, 2025 to Mar 31, 2026
  • RAUM · $16.8M to $18.1M
    Mar 31, 2025 to Mar 31, 2026
  • Wrap assets (manager) · $11.0M to $12.8M
    Mar 31, 2025 to Mar 31, 2026
  • Accounts · 233 to 210
    Jan 29, 2025 to Mar 31, 2025
  • Advisory employees · 8 to 9
    Jan 29, 2025 to Mar 31, 2025
  • HNW clients · 11 to 13
    Jan 29, 2025 to Mar 31, 2025
  • Individual clients · 103 to 92
    Jan 29, 2025 to Mar 31, 2025
  • Pension plan clients · 3 to 2
    Jan 29, 2025 to Mar 31, 2025
  • Employees · 12 to 13
    Jan 29, 2025 to Mar 31, 2025
  • Insurance-licensed employees · 8 to 9
    Jan 29, 2025 to Mar 31, 2025
  • Financial planning clients · 0 to 0
    Jan 29, 2025 to Mar 31, 2025
  • State-registered IARs · 8 to 9
    Jan 29, 2025 to Mar 31, 2025
  • Discretionary RAUM · $15.7M to $16.8M
    Jan 29, 2025 to Mar 31, 2025
  • HNW RAUM · $3.8M to $5.2M
    Jan 29, 2025 to Mar 31, 2025
  • Individual RAUM · $6.7M to $5.8M
    Jan 29, 2025 to Mar 31, 2025
  • Pension RAUM · $5.3M to $5.9M
    Jan 29, 2025 to Mar 31, 2025
  • RAUM · $15.7M to $16.8M
    Jan 29, 2025 to Mar 31, 2025
  • Wrap assets (manager) · $10.4M to $11.0M
    Jan 29, 2025 to Mar 31, 2025
  • Accounts · 194 to 233
    Jul 31, 2023 to Mar 15, 2024
  • HNW clients · 9 to 11
    Jul 31, 2023 to Mar 15, 2024
  • Individual clients · 88 to 103
    Jul 31, 2023 to Mar 15, 2024
  • Discretionary RAUM · $12.4M to $15.7M
    Jul 31, 2023 to Mar 15, 2024
  • HNW RAUM · $3.2M to $3.8M
    Jul 31, 2023 to Mar 15, 2024
  • Individual RAUM · $5.0M to $6.7M
    Jul 31, 2023 to Mar 15, 2024
  • Pension RAUM · $4.2M to $5.3M
    Jul 31, 2023 to Mar 15, 2024
  • RAUM · $12.4M to $15.7M
    Jul 31, 2023 to Mar 15, 2024
  • Related insurance company · false to true
    Jul 31, 2023 to Mar 15, 2024
  • Wrap assets (manager) · $8.2M to $10.4M
    Jul 31, 2023 to Mar 15, 2024
  • Accounts · 174 to 194
    Sep 2, 2022 to Feb 10, 2023
  • Advisory employees · 6 to 8
    Sep 2, 2022 to Feb 10, 2023
  • HNW clients · 5 to 9
    Sep 2, 2022 to Feb 10, 2023
Signals
2 dated events
  • Edward Joseph Dagrosa (Trustee) no longer on Schedule A of E•• M•••• S••••••••• L•• (listed 2019-12-18, absent 2019-12-24)
    Dec 24, 2019 · Control person left · inference
  • E•• M•••• S••••••••• L•• filed its initial SEC registration (Form ADV)
    Dec 18, 2014 · 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 phone
920-785-6010reportedpublished by the firm, firm site, Sep 16, 2026
Firm profile
linkedin.com/company/etf-model-solutionsreportedpublic record, Form ADV, Sep 18, 2026
Firm profile
linkedin.com/company/embark-investreportedpublic record, Form ADV, Sep 18, 2026
Website
embark-invest.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
920-785-6010reportedpublic record, Form ADV, Aug 27, 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
$1.6Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026