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
Md Financial Advisors / Vestment Financial
Legal name Vestment Financial LLC
Latest filing Sep 2, 2026
First filing on the tape May 19, 2019 · 29 filings
SEC status approved since Jun 18, 2019
RAUM
$304M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$304M individuals and HNW
Advisors
13
registered through the firm on IAPD
RAUM per advisor
$23.4M
derived; firm RAUM over IAPD count
Employees
20
11 advisory (5.B.1)
Offices
14
beyond the principal office
Private funds
0
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$304M as of Aug 10, 2026
May 14, 2020$73.2M then
HNW client RAUM$247M as of Aug 10, 2026
May 14, 2020$31.1M then
State-registered IARs (5.B.3)11 as of Aug 10, 2026
May 14, 20203 then
Employees (5.A)20 as of Aug 10, 2026
May 14, 20209 then
Private funds: no history
RAUM +25% over the last fiscal year+23% a year over threeIARs 10 to 11offices 11 to 14
Practice profile
derived from the filing of Sep 2, 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
- RAUM per advisor
- $23.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 37derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.2MderivedHNW RAUM over HNW clients
- Average account
- $113,572derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 0.9derived15 offices incl. principal (1.F.5)
- RAUM growth, one year
- +25%derivedbetween the last two annual amendments
- Advisor growth, one year
- +10%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +6.7%derived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
- Custody
- $1.4M, 7 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
- is an insurance broker or agent (6.A.6)
- 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)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$247M81%
- Individuals$57.4M19%
- Individual clients
- 280reported
- HNW clients
- 198reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 2,679reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.4M for 7 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
13 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Katherine Kammerzell VessenesCertified Financial Planner | Chanhassen, Mn | Jan 9, 2015 | 41 y | 5 |
| Joshua Bradford Lantz | Corcoran, Mn | Jan 9, 2015 | 18 y | 2 |
| Benjamin Douglas Kirchner | Maple Grove, Mn | May 7, 2018 | 10 y | 1 |
| Ian David Schneider | Watertown, Mn | Feb 24, 2020 | 11 y | 0 |
| Adam Paul Swanson | Chanhassen, Mn | Mar 28, 2022 | 12 y | 0 |
| Benjamin Allen Tuomala | Chanhassen, Mn | Nov 15, 2023 | 10 y | 0 |
| Anders Peter Engbretson | Tucson, Az | Nov 15, 2023 | 11 y | 0 |
| Kyle Andrew Smith | Chaska, Mn | Feb 7, 2024 | 11 y | 0 |
| Maxwell James LawrenceCertified Financial Planner | Chanhassen, Mn | Sep 14, 2024 | 13 y | 0 |
| Jesse Ray SillsCertified Financial Planner | Chanhassen, Mn | Sep 30, 2024 | 10 y | 0 |
| Jonah David Krueger Pellegrom | Chanhassen, Mn | Aug 5, 2025 | 11 y | 0 |
| Luke Daniel Potter | Minnetonka, Mn | Apr 13, 2026 | 11 y | 0 |
| Tristen Paul Pieti | Chanhassen, Mn | May 18, 2026 | 13 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 headcount1 left over 36 months
Left, latest
- Graham Daniel Burke to LPL Financial LLCNov 1, 2024 · RIA to affiliated broker-dealer or bank
- Eric Scott Schmitz to Woodbury Financial Services, Inc.Feb 1, 2023 · RIA to affiliated broker-dealer or bank
- Alexander John Messer to Ritholtz Wealth ManagementJun 10, 2021 · RIA to RIA
- Amanda Lynne Parsons to Prairieview Partners, LLCJun 10, 2021 · RIA to RIA
- Michael Joel Urch to Brown Wealth Management, LLCDec 12, 2018 · RIA to RIA
- Jacob M Stanczyk to The Advocate Group, LLCJun 17, 2016 · RIA to RIA
- Steven Richard Mcgowan to Cla Financial Advisors, LLCAug 24, 2015 · Other
Joined, latest
- Benjamin Douglas Kirchner from MML Investors Services, LLCMay 7, 2018 · Affiliated broker-dealer or bank to independent RIA
- Michael Joel Urch from Pruco Securities, LLCJun 8, 2016 · Other
- Jacob M Stanczyk from Ameriprise Financial Services, LLCSep 17, 2015 · Affiliated broker-dealer or bank to independent RIA
- Joshua Bradford Lantz from Larson Financial Group, LLCSep 30, 2013 · Other
- Katherine Kammerzell Vessenes from Cetera Advisors LLCSep 25, 2013 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Kammerzell Katherine Vessenes · Owner/Ceo/Ccocontrolsince 08/2013 · owns 75% or more
- Bradford Joshua Lantz · Chief Investment Officersince 05/2019 · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Chanhassen, Mn · principal | 13 | 2 | 0 | ||
| Minnetonka, Mn | 2 | 2 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Financial planning clients · 251-500 to 251-500Aug 10, 2026 to Sep 2, 2026
- Succession · false to unsetAug 10, 2026 to Sep 2, 2026
- Other offices · 15 to 14Jun 16, 2026 to Aug 10, 2026
- Other offices · 16 to 15Apr 10, 2026 to May 6, 2026
- Accounts · 2,758 to 2,679Oct 31, 2025 to Mar 27, 2026
- HNW clients · 141 to 198Oct 31, 2025 to Mar 27, 2026
- Individual clients · 307 to 280Oct 31, 2025 to Mar 27, 2026
- Assets in custody · $1.4M to $1.4MOct 31, 2025 to Mar 27, 2026
- Employees · 21 to 20Oct 31, 2025 to Mar 27, 2026
- State-registered IARs · 10 to 11Oct 31, 2025 to Mar 27, 2026
- Other offices · 13 to 16Oct 31, 2025 to Mar 27, 2026
- Discretionary RAUM · $243M to $304MOct 31, 2025 to Mar 27, 2026
- HNW RAUM · $178M to $247MOct 31, 2025 to Mar 27, 2026
- Individual RAUM · $64.9M to $57.4MOct 31, 2025 to Mar 27, 2026
- RAUM · $243M to $304MOct 31, 2025 to Mar 27, 2026
- Other offices · 12 to 13Jul 31, 2025 to Oct 31, 2025
- Financial planning clients · 251-500 to 251-500Jun 10, 2025 to Jul 31, 2025
- Other offices · 11 to 12Jun 10, 2025 to Jul 31, 2025
- Accounts · 2,334 to 2,758Feb 4, 2025 to Mar 25, 2025
- Advisory employees · 4 to 11Feb 4, 2025 to Mar 25, 2025
- Business name · MD FINANCIAL / VESTMENT FINANCIAL to MD FINANCIAL ADVISORS / VESTMENT FINANCIALFeb 4, 2025 to Mar 25, 2025
- HNW clients · 122 to 141Feb 4, 2025 to Mar 25, 2025
- Individual clients · 316 to 307Feb 4, 2025 to Mar 25, 2025
- Assets in custody · $50.1M to $1.4MFeb 4, 2025 to Mar 25, 2025
- Employees · 9 to 21Feb 4, 2025 to Mar 25, 2025
- State-registered IARs · 4 to 10Feb 4, 2025 to Mar 25, 2025
- Other offices · 0 to 11Feb 4, 2025 to Mar 25, 2025
- Discretionary RAUM · $213M to $243MFeb 4, 2025 to Mar 25, 2025
- HNW RAUM · $153M to $178MFeb 4, 2025 to Mar 25, 2025
- Individual RAUM · $60.1M to $64.9MFeb 4, 2025 to Mar 25, 2025
- RAUM · $213M to $243MFeb 4, 2025 to Mar 25, 2025
- Accounts · 2,391 to 2,334Dec 12, 2023 to Mar 18, 2024
- HNW clients · 84 to 122Dec 12, 2023 to Mar 18, 2024
- Individual clients · 326 to 316Dec 12, 2023 to Mar 18, 2024
- Assets in custody · $39.1M to $50.1MDec 12, 2023 to Mar 18, 2024
- Discretionary RAUM · $164M to $213MDec 12, 2023 to Mar 18, 2024
- HNW RAUM · $101M to $153MDec 12, 2023 to Mar 18, 2024
- Individual RAUM · $62.6M to $60.1MDec 12, 2023 to Mar 18, 2024
- RAUM · $164M to $213MDec 12, 2023 to Mar 18, 2024
- Accounts · 2,447 to 2,391Dec 19, 2022 to Mar 26, 2023
Signals
4 dated events
- Md Financial Advisors / Vestment Financial reported 11 offices beyond its principal office, up from 0 (2025-02-04 to 2025-03-25)Mar 25, 2025 · Office count change · derived
- Graham Daniel Burke left Md Financial Advisors / Vestment Financial for Lpl Financial Llc (registered 2025-01-30)Nov 1, 2024 · Advisor changed firm · fact
- Eric Scott Schmitz left Md Financial Advisors / Vestment Financial for Woodbury Financial Services, Inc. (registered 2023-02-03)Feb 1, 2023 · Advisor changed firm · fact
- Md Financial / Vestment Financial filed its initial SEC registration (Form ADV)May 19, 2019 · 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 email
- info@mdfinancialadvisors.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 888-256-6855reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/md-financial-advisorsreportedpublic record, Form ADV, Sep 17, 2026
- Website
- mdfinancialadvisors.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (888) 256-6855reportedpublic record, Form ADV, Sep 2, 2026
- Contact form
- mdfinancialadvisors.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- mdfinancialadvisors.com/meet-the-teamreportedpublished by the firm, firm site, Sep 15, 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
- $23.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026