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

A••••••• W•••••• L••

Independent wealth managerMill Valley, CaliforniaCRD 173138SEC 801-121642websiteIAPD
Latest filing Jan 29, 2026
First filing on the tape May 28, 2021 · 12 filings
SEC status approved since Jun 25, 2021
RAUM
$233M
reported, Item 5.F
Discretionary
88%
of RAUM
Private clients
99%
$232M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$38.9M
derived; firm RAUM over IAPD count
Employees
6
6 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$233M as of Jan 29, 2026
Mar 22, 2022$138M then
HNW client RAUM$191M as of Jan 29, 2026
Mar 22, 2022$100M then
State-registered IARs (5.B.3)6 as of Jan 29, 2026
Mar 22, 20225 then
Employees (5.A)6 as of Jan 29, 2026
Mar 22, 20227 then
Private funds: no history
RAUM +20% over the last fiscal year+17% a year over threeIARs 4 to 6
Practice profile
derived from the filing of Jan 29, 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
  • i••••••••• 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
$38.9MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
28derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.6MderivedHNW RAUM over HNW clients
Average account
$515,841derivedRAUM over accounts (5.F.2.f)
Discretionary
88%derivedof RAUM
Institutional
0.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
2.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
+50%derivedItem 5.B.3 between annual amendments
Client growth, one year
-1.8%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
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)
  • compensates persons for client referrals (8.G.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$191M82%
  • Individuals$40.2M17%
  • Pension and profit-sharing plans$1.2M0.5%
  • Charitable organizations$474,4490.2%
Individual clients
90reported
HNW clients
75reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
452reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
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
6 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
P••• V••••• G••••Mill Valley, CaNov 3, 201436 y2
M••••• M•• J•••Mill Valley, CaSep 21, 201517 y1
C••••••••• M•••••• W••••••Mill Valley, CaJun 1, 202128 y1
B•••••• R••••• A••••••Mill Valley, Ca Jun 25, 202121 y1
C•••• D••••• L•••Mill Valley, CaFeb 21, 202511 y0
K•••• B•••••• O•••••••••Mill Valley, Ca Mar 24, 202512 y0
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
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
  • G••••• P•••• V••••• · Managing Membercontrol
    since 10/2014 · owns 25% to 50%
  • W••••••• C••••••••• M•••••• · Principalcontrol
    since 06/2021 · owns F of L••••• A••••••• A••••• L••
  • A••••••• B••••••• R••••• · Chief Compliance Officer
    since 06/2021 · owns less than 5%
Entity owners
  • L••••• A••••••• A••••• L•• · Holding Company
    direct · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Mill Valley, Ca · principal600
Chesterton, In200
Offices
Schedule D 1.F, the 25 largest
  • Chesterton, IN1 employees
  • Saint Joseph, MI1 employees
  • San Rafael, CA1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • business activity changedChange between filings · filing Jan 29, 2026
    pension consulting (Item 5.G.6): no on the filing of 2025-03-27, yes on the filing of 2026-01-29
    peers: WEALTH_I•••••••••, $100M to $500M (5,676)
  • discretionary share shiftChange between filings · filing Jan 29, 2026
    discretionary share of RAUM moved from 69.0% to 88.0% between the annual amendments of 2025-03-27 and 2026-01-29
    peers: WEALTH_I•••••••••, $100M to $500M (5,676)
What changed
consecutive filings, newest first
  • Accounts · 447 to 452
    Mar 27, 2025 to Jan 29, 2026
  • Advisory employees · 4 to 6
    Mar 27, 2025 to Jan 29, 2026
  • Advisory activities · 3 to 4
    Mar 27, 2025 to Jan 29, 2026
  • Charity clients · 1.0 to unset
    Mar 27, 2025 to Jan 29, 2026
  • HNW clients · 72 to 75
    Mar 27, 2025 to Jan 29, 2026
  • Individual clients · 96 to 90
    Mar 27, 2025 to Jan 29, 2026
  • Pension plan clients · 3.0 to unset
    Mar 27, 2025 to Jan 29, 2026
  • Employees · 4 to 6
    Mar 27, 2025 to Jan 29, 2026
  • State-registered IARs · 4 to 6
    Mar 27, 2025 to Jan 29, 2026
  • Discretionary RAUM · $134M to $204M
    Mar 27, 2025 to Jan 29, 2026
  • HNW RAUM · $152M to $191M
    Mar 27, 2025 to Jan 29, 2026
  • Individual RAUM · $37.3M to $40.2M
    Mar 27, 2025 to Jan 29, 2026
  • Non-discretionary RAUM · $61.3M to $28.7M
    Mar 27, 2025 to Jan 29, 2026
  • Pension RAUM · $5.5M to $1.2M
    Mar 27, 2025 to Jan 29, 2026
  • RAUM · $195M to $233M
    Mar 27, 2025 to Jan 29, 2026
  • Accounts · 461 to 447
    Feb 8, 2024 to Mar 27, 2025
  • Charity clients · 2 to 1
    Feb 8, 2024 to Mar 27, 2025
  • HNW clients · 97 to 72
    Feb 8, 2024 to Mar 27, 2025
  • Individual clients · 79 to 96
    Feb 8, 2024 to Mar 27, 2025
  • Pension plan clients · 4 to 3
    Feb 8, 2024 to Mar 27, 2025
  • Employees · 5 to 4
    Feb 8, 2024 to Mar 27, 2025
  • Financial planning clients · 1-10 to 1-10
    Feb 8, 2024 to Mar 27, 2025
  • Other offices · 3 to 2
    Feb 8, 2024 to Mar 27, 2025
  • Discretionary RAUM · $82.4M to $134M
    Feb 8, 2024 to Mar 27, 2025
  • HNW RAUM · $130M to $152M
    Feb 8, 2024 to Mar 27, 2025
  • Individual RAUM · $21.4M to $37.3M
    Feb 8, 2024 to Mar 27, 2025
  • Non-discretionary RAUM · $76.4M to $61.3M
    Feb 8, 2024 to Mar 27, 2025
  • Pension RAUM · $6.3M to $5.5M
    Feb 8, 2024 to Mar 27, 2025
  • RAUM · $159M to $195M
    Feb 8, 2024 to Mar 27, 2025
  • Accounts · 471 to 461
    Sep 25, 2023 to Feb 8, 2024
  • HNW clients · 81 to 97
    Sep 25, 2023 to Feb 8, 2024
  • Individual clients · 99 to 79
    Sep 25, 2023 to Feb 8, 2024
  • Pension plan clients · 3 to 4
    Sep 25, 2023 to Feb 8, 2024
  • Discretionary RAUM · $64.3M to $82.4M
    Sep 25, 2023 to Feb 8, 2024
  • HNW RAUM · $104M to $130M
    Sep 25, 2023 to Feb 8, 2024
  • Individual RAUM · $35.7M to $21.4M
    Sep 25, 2023 to Feb 8, 2024
  • Non-discretionary RAUM · $80.6M to $76.4M
    Sep 25, 2023 to Feb 8, 2024
  • Pension RAUM · $4.6M to $6.3M
    Sep 25, 2023 to Feb 8, 2024
  • RAUM · $145M to $159M
    Sep 25, 2023 to Feb 8, 2024
  • Accounts · 483 to 471
    Oct 31, 2022 to Mar 7, 2023
Signals
2 dated events
  • Michael Christopher Winkler (Principal) appeared on Schedule A of A••••••• W•••••• L••
    Jun 30, 2021 · Control person joined · fact
  • G•••• F•••••••• A••••••••• L•• filed its initial SEC registration (Form ADV)
    May 28, 2021 · 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
415-383-8404reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
844-687-5342reportedpublished by the firm, firm site, Sep 16, 2026
Website
aspirean.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
(844) 687-5342reportedpublic record, Form ADV, Jan 29, 2026
Contact form
aspirean.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
Team page
aspirean.com/team/chris-winklerreportedpublished by the firm, firm site, Sep 16, 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
$38.9Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026