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
M•••••••• I••••••••• A•••••••• L••
Latest filing May 12, 2026
First filing on the tape Jul 8, 2013 · 32 filings
SEC status approved since Jul 11, 2013
RAUM
$878M
reported, Item 5.F
Discretionary
91%
of RAUM
Private clients
91%
$796M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$125M
derived; firm RAUM over IAPD count
Employees
7
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$878M as of May 12, 2026
Mar 27, 2014$200M then
HNW client RAUM$719M as of May 12, 2026
Mar 16, 2018$343M then
State-registered IARs (5.B.3)7 as of May 12, 2026
Mar 27, 20143 then
Employees (5.A)7 as of May 12, 2026
Mar 27, 20143 then
Private funds: no history
RAUM +6.5% over the last fiscal year+8.8% a year over threeIARs 7 to 7
Practice profile
derived from the filing of May 12, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- RAUM per advisor
- $125MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 58derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.3MderivedHNW RAUM over HNW clients
- Average account
- $694,307derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 91%derivedof RAUM
- Institutional
- 9.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 7.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +6.5%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +1.5%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
- Custody
- $42.0M, 14 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$719M82%
- Pension and profit-sharing plans$81.2M9.3%
- Individuals$77.7M8.8%
- Individual clients
- 190reported
- HNW clients
- 218reported
- Pension plan clients
- 6reported
- Charitable clients
- n/areported
- Accounts
- 1,264reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- $42.0M for 14 clientsreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.91 fund_share=0.0 institutional_share=0.09 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| R••••• G•••••• A••••••••Certified Financial Planner | Middleton, Wi | Jul 11, 2013 | 45 y | 1 |
| D••••• P•••• K•••••Certified Financial Planner | Middleton, Wi | Jul 11, 2013 | 40 y | 1 |
| A•••• C••• M•••••••Certified Financial Planner | Middleton, Wi | Oct 3, 2013 | 32 y | 2 |
| M•••••• E••••• A•••• | Middleton, Wi | Aug 18, 2015 | 40 y | 0 |
| J••••••• G•••••• W•••••Certified Financial Planner | Middleton, Wi | Feb 7, 2024 | 12 y | 3 |
| D•••• S••••••Certified Financial Planner | Middleton, Wi | May 13, 2024 | 10 y | 3 |
| D••••• M•••••• S••••Certified Financial Planner | Middleton, Wi | Jun 25, 2024 | 26 y | 8 |
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 headcount1 left over 36 months
Left, latest
- J••• T••••• S•••• to S••••• W••••• M•••••••••Apr 2, 2024 · RIA to RIA
Joined, latest
- D••••• M•••••• S•••• from N••••••••• M••••• I••••••••• S•••••••••Jun 25, 2024 · Other
- D•••• S•••••• from W•••• F•••• A•••••••May 13, 2024 · Wirehouse to independent RIA
- J••••••• G•••••• W••••• from N••••••••• M••••• I••••••••• S•••••••••Feb 7, 2024 · Other
- J••• T••••• S•••• from T••••••• I••••••••• M••••••••• I•••Aug 14, 2019 · Affiliated broker-dealer or bank to independent RIA
- A•••• C••• M••••••• from S•••••••• I••••••••• A•••••••Oct 3, 2013 · Other
- D••••• P•••• K••••• from A•• I••••••••• A••••••• I••Jul 11, 2013 · Other
- R••••• G•••••• A•••••••• from A•• I••••••••• A••••••• I••Jul 11, 2013 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- A••••••••• R•••••• G•••••• · Membercontrolsince 07/2013 · owns 25% to 50%
- K•••••• D•••••• P•••• · Member/Cheif Information Security Officercontrolsince 03/2017 · owns 25% to 50%
- M•••••••• A••••• C••• · Member/Chief Compliance Officercontrolsince 03/2017 · owns 25% to 50%
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 |
|---|---|---|---|---|---|
| Middleton, Wi · principal | 7 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,247 to 1,264Feb 4, 2025 to Mar 11, 2026
- HNW clients · 205 to 218Feb 4, 2025 to Mar 11, 2026
- Individual clients · 197 to 190Feb 4, 2025 to Mar 11, 2026
- Assets in custody · $33.8M to $42.0MFeb 4, 2025 to Mar 11, 2026
- Employees · 8 to 7Feb 4, 2025 to Mar 11, 2026
- Discretionary RAUM · $746M to $796MFeb 4, 2025 to Mar 11, 2026
- HNW RAUM · $674M to $719MFeb 4, 2025 to Mar 11, 2026
- Individual RAUM · $82.5M to $77.7MFeb 4, 2025 to Mar 11, 2026
- Non-discretionary RAUM · $78.1M to $81.2MFeb 4, 2025 to Mar 11, 2026
- Pension RAUM · $67.3M to $81.2MFeb 4, 2025 to Mar 11, 2026
- RAUM · $824M to $878MFeb 4, 2025 to Mar 11, 2026
- Accounts · 1,233 to 1,247Jun 25, 2024 to Feb 4, 2025
- Advisory employees · 6 to 7Jun 25, 2024 to Feb 4, 2025
- HNW clients · 180 to 205Jun 25, 2024 to Feb 4, 2025
- Individual clients · 210 to 197Jun 25, 2024 to Feb 4, 2025
- Assets in custody · $12.8M to $33.8MJun 25, 2024 to Feb 4, 2025
- Employees · 6 to 8Jun 25, 2024 to Feb 4, 2025
- Financial planning clients · 101-250 to 101-250Jun 25, 2024 to Feb 4, 2025
- State-registered IARs · 6 to 7Jun 25, 2024 to Feb 4, 2025
- Discretionary RAUM · $710M to $746MJun 25, 2024 to Feb 4, 2025
- HNW RAUM · $629M to $674MJun 25, 2024 to Feb 4, 2025
- Individual RAUM · $91.3M to $82.5MJun 25, 2024 to Feb 4, 2025
- Non-discretionary RAUM · $72.3M to $78.1MJun 25, 2024 to Feb 4, 2025
- Pension RAUM · $62.3M to $67.3MJun 25, 2024 to Feb 4, 2025
- RAUM · $783M to $824MJun 25, 2024 to Feb 4, 2025
- Advisory employees · 5 to 6May 13, 2024 to Jun 25, 2024
- Employees · 5 to 6May 13, 2024 to Jun 25, 2024
- State-registered IARs · 5 to 6May 13, 2024 to Jun 25, 2024
- Advisory employees · 6 to 5Mar 15, 2024 to Apr 5, 2024
- Employees · 6 to 5Mar 15, 2024 to Apr 5, 2024
- State-registered IARs · 6 to 5Mar 15, 2024 to Apr 5, 2024
- Assets in custody · $160 to $10Mar 11, 2024 to Mar 15, 2024
- Assets in custody · $10 to $12.8MMar 15, 2024 to Mar 15, 2024
- Accounts · 1,202 to 1,233Feb 7, 2024 to Mar 11, 2024
- HNW clients · 167 to 180Feb 7, 2024 to Mar 11, 2024
- Assets in custody · unset to 160.0Feb 7, 2024 to Mar 11, 2024
- Custody of client assets · false to trueFeb 7, 2024 to Mar 11, 2024
- Discretionary RAUM · $596M to $710MFeb 7, 2024 to Mar 11, 2024
- HNW RAUM · $540M to $629MFeb 7, 2024 to Mar 11, 2024
- Individual RAUM · $88.3M to $91.3MFeb 7, 2024 to Mar 11, 2024
Signals
3 dated events
- J••• T••••• S•••• left M•••••••• I••••••••• A•••••••• L•• for S••••• W••••• M••••••••• (registered 2024-04-22)Apr 2, 2024 · Advisor changed firm · fact
- M•••••••• I••••••••• A•••••••• L•• reported RAUM $567.2M, up 41% from $403.0M (2017-05-08 to 2018-03-16)Mar 16, 2018 · RAUM change · derived
- M•••••••• I••••••••• A•••••••• L•• filed its initial SEC registration (Form ADV)Jul 8, 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
- Business phone
- 608-826-5730reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 608-826-5731reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- milestoneia.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 608-826-5730reportedpublic record, Form ADV, May 12, 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
- $125Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026