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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Former SEC-registered adviser

S••••••••• S••••••••• L••

Former SEC-registered adviserMinneapolis, MinnesotaCRD 175009SEC 801-81008IAPD
Latest filing Oct 13, 2023
First filing on the tape Feb 13, 2015 · 43 filings
RAUM
$3.3B
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
0.0%
$630,137 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
130
130 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$3.5B as of Mar 28, 2023
Mar 30, 2016$2.8B then
HNW client RAUM$2.0M as of Mar 28, 2023
Mar 29, 2018$1.7M then
State-registered IARs (5.B.3)1 as of Mar 28, 2023
Mar 30, 20167 then
Employees (5.A)32 as of Mar 28, 2023
Mar 30, 201616 then
Private funds: no history
RAUM -27% over the last fiscal year-36% a year over threeIARs 2 to 3offices 3 to 1
Practice profile
derived from the filing of Oct 13, 2023; every figure names its basis
RAUM per advisor
$1.1BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
3derivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$463,492derivedRAUM over accounts (5.F.2.f)
Discretionary
98%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
43.3derivedItem 5.A over advisors
Advisors per office
1.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-23%derivedbetween the last two annual amendments
Advisor growth, one year
-50%derivedItem 5.B.3 between annual amendments
Client growth, one year
-82%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, selection of other advisers, otherreportedItem 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
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Other investment advisers$2.2B67%
  • Banks and thrifts$1.1B33%
  • Individuals$630,1370.0%
Individual clients
10reported
HNW clients
0reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
7,118reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
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
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • D••••••••• B••••• G••••• · Chief Executive Officer/Board Membercontrol
    since 09/2021 · owns less than 5%
  • L••••••• M•••••••• M••• · Cfo And Treasurer/Board Membercontrol
    since 09/2021 · owns less than 5%
  • M••••••••• J•••• · Chief Compliance Officercontrol
    since 09/2022 · owns less than 5%
  • M•••••• E•••• B••••••• · Presidentcontrol
    since 01/2023 · owns less than 5%
  • P•••••• C•••••••• · Secretarycontrol
    since 09/2021 · owns less than 5%
  • R•••••• T•••••• J••• · Chief Investment Officercontrol
    since 06/2018 · owns less than 5%
  • W••••••••• S•••• D•••• · Board Membercontrol
    since 08/2023 · owns less than 5%
  • T••••••••• P•••• A••• · Executive Vice President
    since 10/2023 · owns less than 5%
Entity owners
  • S••••••••• F•••••••• M•••••••• H••••••• I•• · Owner
    direct · owns 75% or more
  • L•• E••••• P••••••• I•• G• L•• · General Partner
    indirect · owns F of L•• S••••••••• H•••••••• L•••
  • L•• P••••• G•• L•• · General Partner
    indirect · owns F of L•• P••••• H••••••• L•
  • L•• P••••• H••••••• L• · Stockholder
    indirect · owns 75% or more of P••••• T•••• I••
  • L•• S••••••••• H•••••••• L••• · Member
    indirect · owns 75% or more of L•• P••••• H••••••• L•
  • P••••• M•••• I•• · Stockholder
    indirect · owns 75% or more of S••••••••• F•••••••• M•••••••• H••••••• I••
  • P••••• T•••• I•• · Stockholder
    indirect · owns 75% or more of P••••• M•••• I••
  • S••••••••• F•••••••• M•••••••• G•••• H••••••• I••• · Stockholder
    indirect · owns F of S••••••••• F•••••••• M•••••••• H••••••• I••
Related persons
Schedule D 7.A
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Minneapolis, Mn · principal000
Offices
Schedule D 1.F, the 25 largest
  • Summit, NJ5 employees
What changed
consecutive filings, newest first
  • Accounts · 8,621 to 7,118
    Apr 3, 2023 to Aug 31, 2023
  • Advisory employees · 3 to 130
    Apr 3, 2023 to Aug 31, 2023
  • Advisory activities · 4 to 3
    Apr 3, 2023 to Aug 31, 2023
  • HNW clients · 2 to 0
    Apr 3, 2023 to Aug 31, 2023
  • Individual clients · 37 to 10
    Apr 3, 2023 to Aug 31, 2023
  • Employees · 32 to 130
    Apr 3, 2023 to Aug 31, 2023
  • Insurance-licensed employees · 0 to 63
    Apr 3, 2023 to Aug 31, 2023
  • State-registered IARs · 1 to 3
    Apr 3, 2023 to Aug 31, 2023
  • Discretionary RAUM · $3.4B to $3.2B
    Apr 3, 2023 to Aug 31, 2023
  • HNW RAUM · $2.0M to $0
    Apr 3, 2023 to Aug 31, 2023
  • Individual RAUM · $3.7M to $630,137
    Apr 3, 2023 to Aug 31, 2023
  • Non-discretionary RAUM · $65.0M to $68.2M
    Apr 3, 2023 to Aug 31, 2023
  • RAUM · $3.5B to $3.3B
    Apr 3, 2023 to Aug 31, 2023
  • Accounts · 9,830 to 8,621
    Mar 14, 2023 to Mar 28, 2023
  • HNW clients · 18 to 2
    Mar 14, 2023 to Mar 28, 2023
  • Individual clients · 198 to 37
    Mar 14, 2023 to Mar 28, 2023
  • Discretionary RAUM · $4.4B to $3.4B
    Mar 14, 2023 to Mar 28, 2023
  • HNW RAUM · $29.5M to $2.0M
    Mar 14, 2023 to Mar 28, 2023
  • Individual RAUM · $25.2M to $3.7M
    Mar 14, 2023 to Mar 28, 2023
  • Non-discretionary RAUM · $69.2M to $65.0M
    Mar 14, 2023 to Mar 28, 2023
  • RAUM · $4.5B to $3.5B
    Mar 14, 2023 to Mar 28, 2023
  • BD registered reps · 0 to 5
    Feb 3, 2023 to Mar 14, 2023
  • Employees · 25 to 32
    Feb 3, 2023 to Mar 14, 2023
  • Other offices · 2 to 1
    Feb 3, 2023 to Mar 14, 2023
  • Advisory employees · 2 to 3
    Feb 3, 2023 to Mar 14, 2023
  • Advisory employees · 1 to 2
    Dec 14, 2022 to Jan 10, 2023
  • Employees · 24 to 25
    Dec 14, 2022 to Jan 10, 2023
  • State-registered IARs · 0 to 1
    Dec 14, 2022 to Jan 10, 2023
  • Advisory employees · 2 to 1
    Nov 4, 2022 to Nov 15, 2022
  • Employees · 25 to 24
    Nov 4, 2022 to Nov 15, 2022
  • State-registered IARs · 1 to 0
    Nov 4, 2022 to Nov 15, 2022
  • Other offices · 3 to 2
    Oct 7, 2022 to Nov 1, 2022
  • Related adviser · false to true
    Aug 1, 2022 to Oct 7, 2022
  • Related broker-dealer · false to true
    Aug 1, 2022 to Oct 7, 2022
  • Related insurance company · true to false
    Aug 1, 2022 to Oct 7, 2022
  • Advisory employees · 3 to 2
    Mar 23, 2022 to Aug 1, 2022
  • Employees · 26 to 25
    Mar 23, 2022 to Aug 1, 2022
  • State-registered IARs · 2 to 1
    Mar 23, 2022 to Aug 1, 2022
  • Accounts · 248,582 to 9,830
    Jan 27, 2022 to Mar 23, 2022
  • HNW clients · 28 to 18
    Jan 27, 2022 to Mar 23, 2022
Signals
32 dated events
  • J•••• W•••••• H•••••• left S••••••••• S••••••••• L•• for S••••••••• W••••• (registered 2024-04-02)
    Mar 27, 2024 · Advisor changed firm · fact
  • J•••• M•••••••• left S••••••••• S••••••••• L•• for S••••••••• W••••• (registered 2024-04-04)
    Mar 27, 2024 · Advisor changed firm · fact
  • T••••• J••• R••••• left S••••••••• S••••••••• L•• for S••••••••• W••••• (registered 2022-01-19)
    Mar 27, 2024 · Advisor changed firm · fact
  • S••••••••• S••••••••• L••'s advisors moved to S••••••••• W••••• (Minneapolis, MN): 3 of 3 registered, on the same day
    Mar 27, 2024 · Firm absorbed (people side) · derived
  • D•••• S••• W••••••••• (Board Member) appeared on Schedule A of S••••••••• S••••••••• L••
    Aug 31, 2023 · Control person joined · fact
  • Earl Bradley Pries (President) no longer on Schedule A of S••••••••• S••••••••• L•• (listed 2023-01-10, absent 2023-02-03)
    Feb 3, 2023 · Control person left · inference
  • Bartlett Erin Mccann (President) appeared on Schedule A of S••••••••• S••••••••• L••
    Feb 3, 2023 · Control person joined · fact
  • M•••••• V•••••• M••••••••• left S••••••••• S••••••••• L•• for S••••••••• W••••• (registered 2023-12-05)
    Dec 31, 2022 · Advisor changed firm · fact
  • M•••••• F•••• K•••••• left S••••••••• S••••••••• L•• for S••••••••• W••••• (registered 2022-12-21)
    Dec 31, 2022 · Advisor changed firm · fact
  • 2 advisors left S••••••••• S••••••••• L•• (Minneapolis, MN) for S••••••••• W••••• on the same day
    Dec 31, 2022 · Team lift-out · derived
  • J•••• A• J•••• left S••••••••• S••••••••• L•• for J•••• J•••• W••••• M••••••••• I••• (registered 2021-10-12)
    Nov 15, 2022 · Advisor changed firm · fact
  • E•••• M• L••••• left S••••••••• S••••••••• L•• for S••••••••• W••••• (registered 2022-07-14)
    Aug 1, 2022 · Advisor changed firm · fact
  • S••••••••• S••••••••• L•• reported RAUM $4.5B, down 74% from $17.5B (2022-01-27 to 2022-03-23)
    Mar 23, 2022 · RAUM change · derived
  • George Bruce Donaldson (Chief Executive Officer) appeared on Schedule A of S••••••••• S••••••••• L••
    Nov 11, 2021 · Control person joined · fact
  • Marc Mitchell Leidner (Cfo/Treasurer) appeared on Schedule A of S••••••••• S••••••••• L••
    Nov 11, 2021 · Control person joined · fact
  • C•••••••• P••••• (Secretary) appeared on Schedule A of S••••••••• S••••••••• L••
    Nov 11, 2021 · Control person joined · fact
  • Myers Christian Wagner (Board Of Managers) no longer on Schedule A of S••••••••• S••••••••• L•• (listed 2021-06-21, absent 2021-11-11)
    Nov 11, 2021 · Control person left · inference
  • James Robert Stapleton (Board Of Managers) no longer on Schedule A of S••••••••• S••••••••• L•• (listed 2021-06-21, absent 2021-11-11)
    Nov 11, 2021 · Control person left · inference
  • S••••••••• S••••••••• L•• reported RAUM $17.5B, up 40% from $12.5B (2020-06-22 to 2021-03-22)
    Mar 22, 2021 · RAUM change · derived
  • Christine Angela Wood (Chief Compliance Officer/Chief Financial Officer) no longer on Schedule A of S••••••••• S••••••••• L•• (listed 2020-06-22, absent 2021-03-22)
    Mar 22, 2021 · Control person left · inference
  • S••••••••• S••••••••• L•• reported RAUM $12.5B, up 104% from $6.1B (2020-03-03 to 2020-03-23)
    Mar 23, 2020 · RAUM change · derived
  • J M•••••• Kuntz (Chief Operations Officer) no longer on Schedule A of S••••••••• S••••••••• L•• (listed 2019-11-26, absent 2019-11-27)
    Nov 27, 2019 · Control person left · inference
  • S••••••••• S••••••••• L•• reported RAUM $6.1B, up 116% from $2.8B (2019-02-26 to 2019-03-29)
    Mar 29, 2019 · RAUM change · derived
  • J M•••••• Kuntz (Chief Operations Officer) appeared on Schedule A of S••••••••• S••••••••• L••
    Mar 29, 2019 · Control person joined · fact
  • Grant Cody Foster (Board Of Managers) no longer on Schedule A of S••••••••• S••••••••• L•• (listed 2019-02-26, absent 2019-03-29)
    Mar 29, 2019 · Control person left · inference
  • Mathew Paul Prentice (President) no longer on Schedule A of S••••••••• S••••••••• L•• (listed 2018-03-29, absent 2019-02-26)
    Feb 26, 2019 · Control person left · inference
  • Allen Jeffrey Schuh (Chief Compliance Officer/Chief Financial Officer) no longer on Schedule A of S••••••••• S••••••••• L•• (listed 2018-03-29, absent 2019-02-26)
    Feb 26, 2019 · Control person left · inference
  • John Thomas Rozman (President And Chief Investment Officer) appeared on Schedule A of S••••••••• S••••••••• L••
    Feb 26, 2019 · Control person joined · fact
  • Christine Angela Wood (Chief Compliance Officer/Chief Financial Officer) appeared on Schedule A of S••••••••• S••••••••• L••
    Feb 26, 2019 · Control person joined · fact
  • S••••••••• S••••••••• L•• reported RAUM $2.8B, down 27% from $3.9B (2017-04-06 to 2018-03-29)
    Mar 29, 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