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

N••••••• P•••••• G••••• I••••••••• A•••••••• L••

Asset manager (funds and pooled vehicles)Minneapolis, MinnesotaCRD 173350SEC 801-117047websiteIAPD
Latest filing May 27, 2026
First filing on the tape Jun 26, 2019 · 9 filings
SEC status approved since Jul 26, 2019
RAUM
$58.6M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$58.6M as of May 27, 2026
Mar 29, 2020$148M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of May 27, 2026
Mar 29, 20200 then
Employees (5.A)4 as of May 27, 2026
Mar 29, 20208 then
Private funds3 as of May 27, 2026
Mar 29, 20203 then
RAUM -61% over the last fiscal year-25% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 27, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$19.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-61%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$151M, 3 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$58.6M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$151M for 3 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      3 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • G••••••• J••••••• P•••• · Managing Member, President, Secretary And Treasurercontrol
        since 06/2014 · owns 25% to 50%
      • O••••••••• P••••• R•••••• · Membercontrol
        since 06/2014 · owns 10% to 25%
      • H•••••• S••••• M•••••• · Membercontrol
        since 03/2012 · owns 75% or more of F••••• C••••••• L••
      • H•••••••• M••••• A••• · Chief Compliance Officer
        since 10/2023 · owns less than 5%
      Entity owners
      • F••••• C••••••• L•• · Member
        direct · owns 25% to 50%
      Related persons
      Schedule D 7.A
      • N••••••• P•••••• G•••• G• I• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 5 to 4
        Mar 31, 2025 to Mar 31, 2026
      • Employees · 5 to 4
        Mar 31, 2025 to Mar 31, 2026
      • Discretionary RAUM · $151M to $58.6M
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $151M to $58.6M
        Mar 31, 2025 to Mar 31, 2026
      • RAUM · $151M to $58.6M
        Mar 31, 2025 to Mar 31, 2026
      • Assets in custody · $161M to $151M
        Mar 29, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Mar 31, 2025
      • Discretionary RAUM · $163M to $151M
        Mar 29, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $163M to $151M
        Mar 29, 2024 to Mar 31, 2025
      • RAUM · $163M to $151M
        Mar 29, 2024 to Mar 31, 2025
      • Advisory employees · 6 to 5
        Mar 31, 2023 to Mar 29, 2024
      • Assets in custody · $141M to $161M
        Mar 31, 2023 to Mar 29, 2024
      • Employees · 6 to 5
        Mar 31, 2023 to Mar 29, 2024
      • HQ city · WAYZATA to MINNEAPOLIS
        Mar 31, 2023 to Mar 29, 2024
      • Discretionary RAUM · $141M to $163M
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $141M to $163M
        Mar 31, 2023 to Mar 29, 2024
      • RAUM · $141M to $163M
        Mar 31, 2023 to Mar 29, 2024
      • Assets in custody · $203M to $141M
        Mar 30, 2022 to Mar 31, 2023
      • Discretionary RAUM · $203M to $141M
        Mar 30, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $203M to $141M
        Mar 30, 2022 to Mar 31, 2023
      • RAUM · $203M to $141M
        Mar 30, 2022 to Mar 31, 2023
      • Advisory employees · 5 to 6
        Mar 31, 2021 to Mar 30, 2022
      • Assets in custody · $163M to $203M
        Mar 31, 2021 to Mar 30, 2022
      • Employees · 7 to 6
        Mar 31, 2021 to Mar 30, 2022
      • Discretionary RAUM · $163M to $203M
        Mar 31, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $163M to $203M
        Mar 31, 2021 to Mar 30, 2022
      • RAUM · $163M to $203M
        Mar 31, 2021 to Mar 30, 2022
      • Advisory employees · 7 to 5
        Mar 29, 2020 to Mar 31, 2021
      • Assets in custody · $148M to $163M
        Mar 29, 2020 to Mar 31, 2021
      • Employees · 8 to 7
        Mar 29, 2020 to Mar 31, 2021
      • Discretionary RAUM · $148M to $163M
        Mar 29, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $148M to $163M
        Mar 29, 2020 to Mar 31, 2021
      • RAUM · $148M to $163M
        Mar 29, 2020 to Mar 31, 2021
      • Assets in custody · $159M to $148M
        Jun 26, 2019 to Mar 29, 2020
      • Private funds · 6 to 3
        Jun 26, 2019 to Mar 29, 2020
      • Discretionary RAUM · $159M to $148M
        Jun 26, 2019 to Mar 29, 2020
      • Pooled vehicle RAUM · $159M to $148M
        Jun 26, 2019 to Mar 29, 2020
      • RAUM · $159M to $148M
        Jun 26, 2019 to Mar 29, 2020
      Signals
      2 dated events
      • Michael Corey Campbell (Chief Financial Officer / Chief Compliance Officer) no longer on Schedule A of N••••••• P•••••• G••••• I••••••••• A•••••••• L•• (listed 2023-03-31, absent 2024-03-29)
        Mar 29, 2024 · Control person left · inference
      • N••••••• P•••••• G••••• I••••••••• A•••••••• L•• filed its initial SEC registration (Form ADV)
        Jun 26, 2019 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      952-456-5300reportedpublic record, Form ADV, May 27, 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
      Asset manager (funds and pooled vehicles)deriveda 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