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

Tsfg, LLC

Independent wealth managerLake Forest, IllinoisCRD 172555SEC 801-99339websiteIAPD
Latest filing Aug 12, 2026
First filing on the tape Oct 1, 2014 · 65 filings
SEC status approved since Jun 3, 2015
RAUM
$643M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$641M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$107M
derived; firm RAUM over IAPD count
Employees
9
6 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
65 filings and snapshots on the tape
RAUM$643M as of Aug 12, 2026
Mar 23, 2016$189M then
HNW client RAUM$393M as of Aug 12, 2026
Feb 23, 2018$49.3M then
State-registered IARs (5.B.3)6 as of Aug 12, 2026
Mar 23, 201611 then
Employees (5.A)9 as of Aug 12, 2026
Mar 23, 201611 then
Private funds: no history
RAUM -25% over the last fiscal year+3.7% a year over threeIARs 12 to 6offices 5 to 3
Practice profile
derived from the filing of Aug 12, 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
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$107MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
144derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.9MderivedHNW RAUM over HNW clients
Average account
$374,174derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
1.5derived4 offices incl. principal (1.F.5)
RAUM growth, one year
+17%derivedbetween the last two annual amendments
Advisor growth, one year
+8.3%derivedItem 5.B.3 between annual amendments
Client growth, one year
+4.0%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
Wrap fee program
$630MreportedItem 5.I
Custody
$416M, 622 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)
  • 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$393M61%
  • Individuals$248M39%
  • Charitable organizations$1.3M0.2%
  • Corporations and businesses$409,4380.1%
Individual clients
654reported
HNW clients
207reported
Pension plan clients
0reported
Charitable clients
2reported
Accounts
1,718reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$416M for 622 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=5.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Daniel Joseph BouskaLake Forest, IlFeb 3, 201536 y1
Daniel Mark NagelLake Forest, IlFeb 3, 201536 y1
Michael John GibbonsLake Forest, Il Jun 19, 201532 y1
John Charles HennesseyClarendon Hills, Il Dec 3, 201634 y1
Michael Richard SchremserLake Forest, Il Jul 21, 201819 y2
Michael R NagelLake Forest, IlApr 9, 202411 y0
Advisor movement
7 left, 1 joined in 12 months
net -6 in 12 months7 left in 90 days0 joined in 90 daysdeparture rate 117% of current headcount8 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Joseph Daniel Bouska · Officercontrol
    since 03/2018 · owns less than 5%
  • P Jeffrey Feinendegen · Officercontrol
    since 03/2018 · owns less than 5%
  • John Michael Gibbons · Officercontrol
    since 03/2018 · owns less than 5%
  • Mark Daniel Nagel · Officercontrol
    since 03/2018 · owns less than 5%
  • Richard Michael Schremser · Chief Compliance Officercontrol
    since 07/2018 · owns less than 5%
Entity owners
  • Tsfg, LLC · Owner
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • Gibbons Financial Group, Inc.
    real estatey
  • Ts Financial Group, LLC
    real estatey
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Lake Forest, Il · principal6051
Conroe, Tx001
Destin, Fl000
Mundelein, Il001
Offices
Schedule D 1.F, the 25 largest
  • Gurnee, IL1 employees
  • Mundelein, IL1 employees
  • , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • compensation changedChange between filings · filing Aug 12, 2026
    hourly charges (Item 5.E.2): yes on the filing of 2026-07-30, no on the filing of 2026-08-12
    peers: independent wealth managers, $500M to $1B (1,483)
What changed
consecutive filings, newest first
  • Accounts · 2,846 to 1,718
    Jul 30, 2026 to Aug 12, 2026
  • Advisory employees · 7 to 6
    Jul 30, 2026 to Aug 12, 2026
  • BD registered reps · 4 to 5
    Jul 30, 2026 to Aug 12, 2026
  • Corporate clients · 3 to 1
    Jul 30, 2026 to Aug 12, 2026
  • HNW clients · 315 to 207
    Jul 30, 2026 to Aug 12, 2026
  • Individual clients · 1,022 to 654
    Jul 30, 2026 to Aug 12, 2026
  • Assets in custody · $651M to $416M
    Jul 30, 2026 to Aug 12, 2026
  • Employees · 13 to 9
    Jul 30, 2026 to Aug 12, 2026
  • Insurance-licensed employees · 1 to 0
    Jul 30, 2026 to Aug 12, 2026
  • State-registered IARs · 7 to 6
    Jul 30, 2026 to Aug 12, 2026
  • Discretionary RAUM · $997M to $643M
    Jul 30, 2026 to Aug 12, 2026
  • HNW RAUM · $598M to $393M
    Jul 30, 2026 to Aug 12, 2026
  • Individual RAUM · $398M to $248M
    Jul 30, 2026 to Aug 12, 2026
  • RAUM · $997M to $643M
    Jul 30, 2026 to Aug 12, 2026
  • Advisory employees · 13 to 7
    Mar 25, 2026 to Jul 30, 2026
  • BD registered reps · 10 to 4
    Mar 25, 2026 to Jul 30, 2026
  • Employees · 19 to 13
    Mar 25, 2026 to Jul 30, 2026
  • State-registered IARs · 13 to 7
    Mar 25, 2026 to Jul 30, 2026
  • Other offices · 6 to 3
    Mar 25, 2026 to Jul 30, 2026
  • Advisory employees · 12 to 13
    Feb 17, 2026 to Mar 25, 2026
  • BD registered reps · 9 to 10
    Feb 17, 2026 to Mar 25, 2026
  • Employees · 18 to 19
    Feb 17, 2026 to Mar 25, 2026
  • Insurance-licensed employees · 0 to 1
    Feb 17, 2026 to Mar 25, 2026
  • State-registered IARs · 12 to 13
    Feb 17, 2026 to Mar 25, 2026
  • Other offices · 5 to 6
    Feb 17, 2026 to Mar 25, 2026
  • Accounts · 2,651 to 2,846
    Mar 3, 2025 to Feb 17, 2026
  • HNW clients · 247 to 315
    Mar 3, 2025 to Feb 17, 2026
  • Individual clients · 1,038 to 1,022
    Mar 3, 2025 to Feb 17, 2026
  • Assets in custody · $537M to $651M
    Mar 3, 2025 to Feb 17, 2026
  • Discretionary RAUM · $854M to $997M
    Mar 3, 2025 to Feb 17, 2026
  • HNW RAUM · $411M to $598M
    Mar 3, 2025 to Feb 17, 2026
  • Individual RAUM · $442M to $398M
    Mar 3, 2025 to Feb 17, 2026
  • RAUM · $854M to $997M
    Mar 3, 2025 to Feb 17, 2026
  • Accounts · 2,440 to 2,651
    Dec 11, 2024 to Mar 3, 2025
  • HNW clients · 492 to 247
    Dec 11, 2024 to Mar 3, 2025
  • Individual clients · 688 to 1,038
    Dec 11, 2024 to Mar 3, 2025
  • Assets in custody · $395M to $537M
    Dec 11, 2024 to Mar 3, 2025
  • Financial planning clients · 0 to 0
    Dec 11, 2024 to Mar 3, 2025
  • Discretionary RAUM · $649M to $854M
    Dec 11, 2024 to Mar 3, 2025
  • HNW RAUM · $452M to $411M
    Dec 11, 2024 to Mar 3, 2025
Signals
13 dated events
  • Tsfg, Llc reported RAUM $642.8M, down 36% from $997.2M (2026-07-30 to 2026-08-12)
    Aug 12, 2026 · RAUM change · derived
  • Christopher Ek Hassell left Tsfg, Llc for 15 Wealth Advisors Llc (registered 2026-07-01)
    Aug 5, 2026 · Advisor changed firm · fact
  • Jeffrey Mark Hughes left Tsfg, Llc for 15 Wealth Advisors Llc (registered 2026-07-16)
    Jul 30, 2026 · Advisor changed firm · fact
  • Jeffrey P Feinendegen left Tsfg, Llc for 15 Wealth Advisors Llc (registered 2026-07-16)
    Jul 30, 2026 · Advisor changed firm · fact
  • Miranda O'Keefe left Tsfg, Llc for 15 Wealth Advisors Llc (registered 2026-04-02)
    Jul 30, 2026 · Advisor changed firm · fact
  • 6 advisors left Tsfg, LLC (Lake Forest, IL) for 15 Wealth Advisors LLC on the same day
    Jul 30, 2026 · Team lift-out · derived
  • Patrick Yore Graham left Tsfg, Llc for 15 Wealth Advisors Llc (registered 2026-07-22)
    Jul 30, 2026 · Advisor changed firm · fact
  • Bradley A. Bruna left Tsfg, Llc for 15 Wealth Advisors Llc (registered 2026-07-16)
    Jul 30, 2026 · Advisor changed firm · fact
  • John Thomas Graham left Tsfg, Llc for 15 Wealth Advisors Llc (registered 2026-06-26)
    Jul 30, 2026 · Advisor changed firm · fact
  • Tsfg, Llc reported RAUM $854.3M, up 32% from $649.1M (2024-12-11 to 2025-03-03)
    Mar 3, 2025 · RAUM change · derived
  • Christopher George Sutherland left Tsfg, Llc for Lpl Financial Llc (registered 2023-12-14)
    Jan 2, 2024 · Advisor changed firm · fact
  • Tsfg, Llc reported RAUM $623.0M, up 36% from $458.1M (2021-12-02 to 2022-02-16)
    Feb 16, 2022 · RAUM change · derived
  • Alchemy Advisors, Llc filed its initial SEC registration (Form ADV)
    Oct 1, 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
630-270-9356reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
708-601-2513reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
847-582-1175reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/gibbons-financial-group?trk=public_profreportedpublic record, Form ADV, Sep 17, 2026
Firm profile
linkedin.com/company/ts-financial-group-llcreportedpublic record, Form ADV, Sep 17, 2026
Website
TSFINANCIALGROUPLLC.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
847-735-7100reportedpublic record, Form ADV, Aug 12, 2026
Contact form
tsfinancialgroupllc.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
Team page
tsfinancialgroupllc.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
$107Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026