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.

Former SEC-registered adviser

Commerce Brokerage Services, Inc

Former SEC-registered adviserClayton, MissouriCRD 17140SEC 801-66509IAPD
Legal name Commerce Brokerage Services, Inc.
Latest filing Nov 6, 2023
First filing on the tape Mar 30, 2012 · 54 filings
RAUM
$650M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
99%
$645M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
37
28 advisory (5.B.1)
Offices
33
beyond the principal office
Private funds
0
reported on Schedule D
History
54 filings and snapshots on the tape
RAUM$650M as of Mar 30, 2023
Mar 30, 2012$139M then
HNW client RAUM$92.6M as of Mar 30, 2023
Mar 30, 2018$83.8M then
State-registered IARs (5.B.3)37 as of Mar 30, 2023
Mar 30, 20120 then
Employees (5.A)37 as of Mar 30, 2023
Jan 4, 201350 then
Private funds: no history
RAUM -16% over the last fiscal year+4.9% a year over threeIARs 37 to 37offices 35 to 33
Practice profile
derived from the filing of Nov 6, 2023; every figure names its basis
RAUM per advisor
$17.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
96derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.2MderivedHNW RAUM over HNW clients
Average account
$182,175derivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
0.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
1.1derived34 offices incl. principal (1.F.5)
RAUM growth, one year
-16%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.8%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Wrap fee program
$650MreportedItem 5.I
Ownership
a bank, bancorp or trust company is a 50 percent or greater ownerderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a broker-dealer (6.A.1)
  • is an insurance broker or agent (6.A.6)
  • has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$552M85%
  • High-net-worth individuals$92.6M14%
  • Charitable organizations$2.7M0.4%
  • Corporations and businesses$2.2M0.3%
  • Insurance companies$322,0640.0%
  • State and municipal entities$88,9500.0%
Individual clients
3,467reported
HNW clients
76reported
Pension plan clients
n/areported
Charitable clients
9reported
Accounts
3,570reported
Financial planning clients
101-250reported
Wrap fee programs
$650M sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Erik Andrew Swanson · President & Ceocontrol
    since 11/2022 · owns less than 5%
  • Sherrel Betz Koenig · Director
    since 09/2023 · owns less than 5%
  • Joseph Steven Reece · Chief Compliance Officer
    since 04/2022 · owns less than 5%
  • Margaret Rowe · Corporate Secretary
    since 06/2022 · owns less than 5%
  • Tiffany Lynn Simpson · Principal Financial Officer
    since 01/2017 · owns less than 5%
Entity owners
  • Commerce Bank · Sole Stockholder
    direct · owns 75% or more
  • Commerce Bancshares, Inc. · Sole Owner
    indirect · owns 75% or more of Commerce Bank · public reporting company
Related persons
Schedule D 7.A
Advisers that list Commerce Brokerage Services, Inc as a related person
Offices
Schedule D 1.F, the 25 largest
  • Springfield, MO3 employees
  • Fenton, MO1 employees
  • Garden City, KS1 employees
  • Festus, MO1 employees
  • Joplin, MO1 employees
  • Kansas City, MO1 employees
  • Kansas City, MO1 employees
  • Leawood, KS1 employees
  • Columbia, MO1 employees
  • Lee'S Summit, MO1 employees
  • Florissant, MO1 employees
  • Poplar Bluff, MO1 employees
  • Bloomington, IL1 employees
  • Leavenworth, KS1 employees
  • Shawnee, KS1 employees
  • Columbia, MO1 employees
  • Affton, MO1 employees
  • Oakville, MO1 employees
  • Webster Groves, MO1 employees
  • Hays, KS1 employees
  • Kansas City, MO1 employees
  • Belleville, IL1 employees
  • O'Fallon, MO1 employees
  • Kirkwood, MO1 employees
  • St. Peters, MO1 employees
What changed
consecutive filings, newest first
  • Accounts · 3,457 to 3,570
    Dec 9, 2022 to Mar 30, 2023
  • Advisory activities · 2 to 3
    Dec 9, 2022 to Mar 30, 2023
  • Charity clients · 8 to 9
    Dec 9, 2022 to Mar 30, 2023
  • Corporate clients · 16 to 15
    Dec 9, 2022 to Mar 30, 2023
  • HNW clients · 94 to 76
    Dec 9, 2022 to Mar 30, 2023
  • Individual clients · 3,335 to 3,467
    Dec 9, 2022 to Mar 30, 2023
  • Financial planning clients · 0 to 101-250
    Dec 9, 2022 to Mar 30, 2023
  • Other offices · 35 to 33
    Dec 9, 2022 to Mar 30, 2023
  • HNW RAUM · $122M to $92.6M
    Dec 9, 2022 to Mar 30, 2023
  • Individual RAUM · $633M to $552M
    Dec 9, 2022 to Mar 30, 2023
  • Non-discretionary RAUM · $762M to $650M
    Dec 9, 2022 to Mar 30, 2023
  • RAUM · $762M to $650M
    Dec 9, 2022 to Mar 30, 2023
  • Wrap assets (sponsor) · $762M to $650M
    Dec 9, 2022 to Mar 30, 2023
  • Accounts · 3,542 to 3,457
    Mar 18, 2022 to Mar 30, 2022
  • HNW clients · 95 to 94
    Mar 18, 2022 to Mar 30, 2022
  • Individual clients · 3,419 to 3,335
    Mar 18, 2022 to Mar 30, 2022
  • HNW RAUM · $126M to $122M
    Mar 18, 2022 to Mar 30, 2022
  • Individual RAUM · $645M to $633M
    Mar 18, 2022 to Mar 30, 2022
  • Non-discretionary RAUM · $778M to $762M
    Mar 18, 2022 to Mar 30, 2022
  • RAUM · $778M to $762M
    Mar 18, 2022 to Mar 30, 2022
  • Wrap assets (sponsor) · $778M to $762M
    Mar 18, 2022 to Mar 30, 2022
  • BD registered reps · 39 to 28
    Aug 11, 2021 to Mar 18, 2022
  • Accounts · 3,079 to 3,542
    Aug 11, 2021 to Mar 18, 2022
  • Advisory employees · 31 to 28
    Aug 11, 2021 to Mar 18, 2022
  • Corporate clients · 13 to 16
    Aug 11, 2021 to Mar 18, 2022
  • HNW clients · 64 to 95
    Aug 11, 2021 to Mar 18, 2022
  • Individual clients · 2,994 to 3,419
    Aug 11, 2021 to Mar 18, 2022
  • Employees · 39 to 37
    Aug 11, 2021 to Mar 18, 2022
  • State-registered IARs · 31 to 37
    Aug 11, 2021 to Mar 18, 2022
  • HNW RAUM · $89.9M to $126M
    Aug 11, 2021 to Mar 18, 2022
  • Individual RAUM · $539M to $645M
    Aug 11, 2021 to Mar 18, 2022
  • Non-discretionary RAUM · $635M to $778M
    Aug 11, 2021 to Mar 18, 2022
  • RAUM · $635M to $778M
    Aug 11, 2021 to Mar 18, 2022
  • Wrap assets (sponsor) · $635M to $778M
    Aug 11, 2021 to Mar 18, 2022
  • Accounts · 2,870 to 3,079
    Sep 25, 2020 to Mar 3, 2021
  • Advisory employees · 33 to 31
    Sep 25, 2020 to Mar 3, 2021
  • BD registered reps · 33 to 39
    Sep 25, 2020 to Mar 3, 2021
  • Charity clients · 9 to 8
    Sep 25, 2020 to Mar 3, 2021
  • Corporate clients · 10 to 13
    Sep 25, 2020 to Mar 3, 2021
  • HNW clients · 63 to 64
    Sep 25, 2020 to Mar 3, 2021
Signals
12 dated events
  • Claude Wilson left Commerce Brokerage Services, Inc for Cetera Investment Advisers Llc (registered 2023-05-19)
    May 9, 2023 · Advisor changed firm · fact
  • Garrett Bohler left Commerce Brokerage Services, Inc for Stifel, Nicolaus & Company, Incorporated (registered 2023-04-05)
    Apr 3, 2023 · Advisor changed firm · fact
  • Jonathan Henry Woodruff left Commerce Brokerage Services, Inc for Cetera Investment Advisers Llc (registered 2024-03-21)
    Mar 2, 2023 · Advisor changed firm · fact
  • Cindy Lou Ellis left Commerce Brokerage Services, Inc for Lpl Financial Llc (registered 2022-10-17)
    Sep 9, 2022 · Advisor changed firm · fact
  • Erik Andrew Swanson (Executive Vice President) appeared on Schedule A of Commerce Brokerage Services, Inc
    Jun 10, 2022 · Control person joined · fact
  • Paul L Banks left Commerce Brokerage Services, Inc for The Worley Banks Group, Llc (registered 2022-04-19)
    Feb 16, 2022 · Advisor changed firm · fact
  • Christopher J Mcneil left Commerce Brokerage Services, Inc for Pruco Securities, Llc (registered 2022-01-21)
    Jan 18, 2022 · Advisor changed firm · fact
  • Jeffrey Daniel Burgess (President) no longer on Schedule A of Commerce Brokerage Services, Inc (listed 2021-07-20, absent 2021-08-11)
    Aug 11, 2021 · Control person left · inference
  • Commerce Brokerage Services, Inc reported 33 offices beyond its principal office, down from 39 (2020-03-03 to 2020-03-17)
    Mar 17, 2020 · Office count change · derived
  • Arthur Alexander Iii Clyne (Sales Manager) no longer on Schedule A of Commerce Brokerage Services, Inc (listed 2019-04-03, absent 2019-07-05)
    Jul 5, 2019 · Control person left · inference
  • Christopher Scott Radzom (Chief Operating Officer) no longer on Schedule A of Commerce Brokerage Services, Inc (listed 2019-03-26, absent 2019-03-29)
    Mar 29, 2019 · Control person left · inference
  • Commerce Brokerage Services, Inc reported RAUM $486.8M, up 27% from $382.1M (2017-07-11 to 2018-03-30)
    Mar 30, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
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
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026