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
B•••••••• F•••••••• P•••••••• I•••
Latest filing Mar 4, 2026
First filing on the tape Mar 20, 2014 · 42 filings
SEC status approved since Apr 1, 2014
RAUM
$853M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
99%
$846M individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$94.8M
derived; firm RAUM over IAPD count
Employees
15
10 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
42 filings and snapshots on the tape
RAUM$853M as of Mar 4, 2026
Feb 25, 2015$287M then
HNW client RAUM$747M as of Mar 4, 2026
Mar 29, 2018$274M then
State-registered IARs (5.B.3)9 as of Mar 4, 2026
Feb 25, 20156 then
Employees (5.A)15 as of Mar 4, 2026
Feb 25, 20157 then
Private funds: no history
RAUM +14% over the last fiscal year+18% a year over threeIARs 9 to 9
Practice profile
derived from the filing of Mar 4, 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
- $94.8MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 84derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.7MderivedHNW RAUM over HNW clients
- Average account
- $489,781derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 0.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 9.0derived1 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
- +0.4%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
- Wrap fee program
- $279MreportedItem 5.I
- Custody
- $312M, 629 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)
- an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$747M88%
- Individuals$99.3M12%
- Charitable organizations$4.8M0.6%
- Pension and profit-sharing plans$1.9M0.2%
- Corporations and businesses$607,2680.1%
- Individual clients
- 319reported
- HNW clients
- 440reported
- Pension plan clients
- 1reported
- Charitable clients
- 2reported
- Accounts
- 1,742reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $312M for 629 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
9 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| D••••• J••• W••••••Certified Financial Planner | Bloomington, Mn | Apr 1, 2014 | 21 y | 1 |
| M••• B•••••• M••••• H•••••Certified Financial Planner | Bloomington, Mn | Apr 1, 2014 | 21 y | 1 |
| S•••••• B••• D••••Chartered Financial Analyst | Bloomington, Mn | Apr 1, 2014 | 18 y | 1 |
| D••• M•••• B•••••Certified Financial Planner | Bloomington, Mn | Apr 1, 2014 | 28 y | 2 |
| R••••• O••••• I••••••Certified Financial Planner | Bloomington, Mn | Oct 31, 2018 | 18 y | 2 |
| J••• R•••• V•••••• | Bloomington, Mn | Mar 10, 2021 | 12 y | 0 |
| K••••••• A•• A••••••Certified Financial Planner | Bloomington, Mn | Mar 19, 2021 | 13 y | 0 |
| B•••••• K••••Certified Financial Planner | Bloomington, Mn | Jul 1, 2024 | 12 y | 3 |
| K•••• R••••••• B••••••Certified Financial Planner | Bloomington, Mn | Jan 16, 2025 | 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
- S••••• M•••• N••••• to E••••• J••••May 18, 2020 · RIA to affiliated broker-dealer or bank
Joined, latest
- B•••••• K•••• from O•••• W•••••• I•••Jul 1, 2024 · Affiliated broker-dealer or bank to independent RIA
- R••••• O••••• I•••••• from F••• F•••••••• C•••••••••Oct 31, 2018 · RIA to RIA
- D••••• J••• W•••••• from A••••••••• W••••• P•••••••Apr 1, 2014 · Other
- M••• B•••••• M••••• H••••• from A••••••••• W••••• P•••••••Apr 1, 2014 · Other
- S•••••• B••• D•••• from A••••••••• W••••• P•••••••Apr 1, 2014 · Other
- D••• M•••• B••••• from A••••••••• W••••• P•••••••Apr 1, 2014 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B•••••• D•••• M•••• · Owner/Ceo/Presidentcontrolsince 01/2000 · owns 25% to 50%
- D••••• S••••••• B••• · Owner/Ciocontrolsince 12/2010 · owns 10% to 25%
- H•••••• M••• B••••••• M••••• · Owner/Coocontrolsince 12/2010 · owns 10% to 25%
- I••••••• R•••••• O••••• · Owner/Secretarycontrolsince 01/2020 · owns 10% to 25%
- V••••••• J•••• R•••• · Chief Compliance Officercontrolsince 02/2021 · owns less than 5%
- W••••••• D•••••• J••• · Owner/Cfocontrolsince 12/2010 · owns 10% to 25%
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 |
|---|---|---|---|---|---|
| Bloomington, Mn · principal | 9 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,720 to 1,742May 30, 2025 to Mar 4, 2026
- HNW clients · 417 to 440May 30, 2025 to Mar 4, 2026
- Individual clients · 346 to 319May 30, 2025 to Mar 4, 2026
- Assets in custody · $270M to $312MMay 30, 2025 to Mar 4, 2026
- Discretionary RAUM · $724M to $830MMay 30, 2025 to Mar 4, 2026
- HNW RAUM · $640M to $747MMay 30, 2025 to Mar 4, 2026
- Individual RAUM · $97.3M to $99.3MMay 30, 2025 to Mar 4, 2026
- Non-discretionary RAUM · $20.1M to $22.9MMay 30, 2025 to Mar 4, 2026
- Pension RAUM · $1.7M to $1.9MMay 30, 2025 to Mar 4, 2026
- RAUM · $744M to $853MMay 30, 2025 to Mar 4, 2026
- HQ city · EDINA to BLOOMINGTONMar 19, 2025 to May 30, 2025
- Accounts · 1,734 to 1,720Mar 19, 2025 to May 30, 2025
- HNW clients · 403 to 417Mar 19, 2025 to May 30, 2025
- Individual clients · 353 to 346Mar 19, 2025 to May 30, 2025
- Assets in custody · $263M to $270MMar 19, 2025 to May 30, 2025
- Financial planning clients · 1-10 to 1-10Mar 19, 2025 to May 30, 2025
- Discretionary RAUM · $726M to $724MMar 19, 2025 to May 30, 2025
- HNW RAUM · $637M to $640MMar 19, 2025 to May 30, 2025
- Individual RAUM · $103M to $97.3MMar 19, 2025 to May 30, 2025
- Non-discretionary RAUM · $21.0M to $20.1MMar 19, 2025 to May 30, 2025
- Pension RAUM · $1.1M to $1.7MMar 19, 2025 to May 30, 2025
- RAUM · $747M to $744MMar 19, 2025 to May 30, 2025
- Accounts · 1,634 to 1,734Jan 16, 2025 to Mar 19, 2025
- HNW clients · 346 to 403Jan 16, 2025 to Mar 19, 2025
- Individual clients · 379 to 353Jan 16, 2025 to Mar 19, 2025
- Financial planning clients · 11-25 to 1-10Jan 16, 2025 to Mar 19, 2025
- Discretionary RAUM · $696M to $726MJan 16, 2025 to Mar 19, 2025
- HNW RAUM · $580M to $637MJan 16, 2025 to Mar 19, 2025
- Individual RAUM · $130M to $103MJan 16, 2025 to Mar 19, 2025
- Non-discretionary RAUM · $21.0M to $21.0MJan 16, 2025 to Mar 19, 2025
- Pension RAUM · $1.1M to $1.1MJan 16, 2025 to Mar 19, 2025
- RAUM · $717M to $747MJan 16, 2025 to Mar 19, 2025
- Advisory employees · 9 to 10Sep 25, 2024 to Jan 16, 2025
- Employees · 14 to 15Sep 25, 2024 to Jan 16, 2025
- State-registered IARs · 8 to 9Sep 25, 2024 to Jan 16, 2025
- Accounts · 1,490 to 1,634Sep 4, 2024 to Sep 25, 2024
- HNW clients · 320 to 346Sep 4, 2024 to Sep 25, 2024
- Individual clients · 308 to 379Sep 4, 2024 to Sep 25, 2024
- Assets in custody · $250M to $263MSep 4, 2024 to Sep 25, 2024
- Discretionary RAUM · $614M to $696MSep 4, 2024 to Sep 25, 2024
Signals
4 dated events
- Ellen Kay Kramer (Owner) no longer on Schedule A of B•••••••• F•••••••• P•••••••• I••• (listed 2020-10-26, absent 2021-03-10)Mar 10, 2021 · Control person left · inference
- R•••• J••• V•••••• (Chief Compliance Officer) appeared on Schedule A of B•••••••• F•••••••• P•••••••• I•••Mar 10, 2021 · Control person joined · fact
- Olivia Rachel Infante (Owner) appeared on Schedule A of B•••••••• F•••••••• P•••••••• I•••Mar 26, 2020 · Control person joined · fact
- K•• F•••••••• filed its initial SEC registration (Form ADV)Mar 20, 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
- Firm profile
- LINKEDIN.COM/COMPANY/B••••••••-FINANCIAL-PARTNERSreportedpublic record, Form ADV, Sep 19, 2026
- Website
- KLBFINANCIAL.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 952-885-9088reportedpublic record, Form ADV, Mar 4, 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
- $94.8Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026