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

D.A. Davidson & Co.

Independent wealth managerGreat Falls, MontanaCRD 199SEC 801-45761websiteIAPD
Latest filing Jul 30, 2026
First filing on the tape Dec 22, 2011 · 46 filings
SEC status approved since Feb 8, 1994
RAUM
$42B
reported, Item 5.F
Discretionary
92%
of RAUM
Private clients
90%
$38B individuals and HNW
Advisors
699
registered through the firm on IAPD
RAUM per advisor
$59.9M
derived; firm RAUM over IAPD count
Employees
990
410 advisory (5.B.1)
Offices
100
beyond the principal office
Private funds
0
reported on Schedule D
History
46 filings and snapshots on the tape
RAUM$42B as of Jul 30, 2026
Dec 22, 2011$6.2B then
HNW client RAUM$24B as of Jul 30, 2026
Dec 21, 2017$7.2B then
State-registered IARs (5.B.3)650 as of Jul 30, 2026
Dec 21, 2012450 then
Employees (5.A)990 as of Jul 30, 2026
Dec 21, 20121,000 then
Private funds1 as of Dec 20, 2023
Dec 21, 20161 then
RAUM +16% over the last fiscal year+21% a year over threeIARs 630 to 650offices 98 to 100
Practice profile
derived from the filing of Jul 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$59.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
97derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.3MderivedHNW RAUM over HNW clients
Average account
$454,054derivedRAUM over accounts (5.F.2.f)
Discretionary
92%derivedof RAUM
Institutional
6.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.4derivedItem 5.A over advisors
Advisors per office
6.9derived101 offices incl. principal (1.F.5)
RAUM growth, one year
+16%derivedbetween the last two annual amendments
Advisor growth, one year
+3.2%derivedItem 5.B.3 between annual amendments
Client growth, one year
+5.5%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, publications, educational seminarsreportedItem 5.G
Financial planning clients
7,000reportedItem 5.H
Wrap fee program
$42BreportedItem 5.I
Custody
$42B, 70,269 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
  • is a broker-dealer (6.A.1)
  • 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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)
  • an independent public accountant performs a surprise examination (9.C.1)
  • the adviser acts as qualified custodian (9.D.1)
  • a related person acts as qualified custodian (9.D.2)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$24B56%
  • Individuals$14B33%
  • Charitable organizations$1.8B4.4%
  • Corporations and businesses$1.5B3.5%
  • Pension and profit-sharing plans$547M1.3%
  • State and municipal entities$390M0.9%
Individual clients
49,912reported
HNW clients
18,223reported
Pension plan clients
240reported
Charitable clients
1,098reported
Accounts
92,146reported
Financial planning clients
7,000reported
Wrap fee programs
$6.1B sponsored, $0 managedreported
Custody of client assets
$42B for 70,269 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.9 fund_share=0.0 institutional_share=0.07 related_bd=false related_bank=false bd_reps=710.0derived
Advisors registered through the firm
693 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
William Rex ThorntonCertified Financial PlannerSalt Lake City, UtSep 19, 199742 y0
Bradley Glen HansenSalt Lake City, Ut Mar 10, 199839 y0
Robert Alfred JohnsonWenatchee, WaMar 15, 199944 y2
Paul Francis DumaisSpokane, WaSep 2, 199939 y0
Scott Christopher HaighBozeman, MtSep 6, 199928 y0
Francesco Giovanni DangeloButte, Mt Feb 14, 200031 y1
Patrick Harold OlearyCertified Financial PlannerBillings, MtFeb 14, 200030 y1
Jeffrey John DeckerEverett, WaMar 14, 200134 y1
Bradley Edward DugdaleRancho Mirage, Ca Mar 28, 200244 y1
Nancy Ann HadleyCertified Financial PlannerSandpoint, IdApr 9, 200225 y1
John Montgomery CorddryBoise, IdApr 11, 200231 y1
John Robert HuberGreat Falls, MtApr 17, 200232 y1
Jason Vincent PurpuraGreat Falls, MtApr 17, 200229 y1
Stanley K AllredKennewick, WaApr 17, 200242 y0
Neil Thomas SextonCertified Financial PlannerNosara Guanacaste Apr 24, 200225 y0
Cynthia Louise FritchCertified Financial PlannerMissoula, MtApr 24, 200234 y1
James Gillis WebsterBozeman, MtApr 25, 200235 y1
Chad Alan LippertCertified Financial PlannerBroadview, Mt Apr 25, 200228 y1
Todd Allan PrestonBillings, MtApr 25, 200235 y1
Raymond Joseph RoundCertified Financial PlannerMissoula, Mt Apr 25, 200233 y1
Bruce Raymond PedeyBonners Ferry, Id May 6, 200233 y1
James Albert MoerkerkeCertified Financial PlannerHamilton, MtJul 22, 200245 y1
Sarah Scott ChiltonHelena, Mt Jul 24, 200225 y0
Cynthia Marie BurgLake Oswego, OrOct 7, 200237 y0
Khoi Huu CungRenton, Wa Oct 14, 200228 y0
Joely Sue MeighanSeattle, WaOct 29, 200230 y0
Michael Lippard BellBellevue, WaNov 21, 200230 y0
Daniel James RosaButte, MtNov 29, 200233 y1
Maura Jane LentiniSeattle, Wa Feb 24, 200323 y0
Leslie Ann MercordKalispell, MtApr 28, 200326 y1
Kirsten Tatum HaneyBoise, IdJul 18, 200329 y2
Molly Bruskotter MosnessHelena, MtSep 5, 200327 y1
Sarah Price FitzgeraldWhitefish, MtJun 2, 200428 y1
John Harvey PassuccioCertified Financial PlannerHamilton, Mt Jul 22, 200422 y0
Tyler Craig BebeeKalispell, Mt Jul 22, 200422 y0
Christy GatienCertified Financial PlannerBellevue, WaJan 21, 200528 y1
Brian Albert BrownCertified Financial PlannerBozeman, MtJun 21, 200532 y0
Tammy Rae BeaverSeattle, Wa Jun 22, 200527 y0
Sean Thomas SturgesCertified Financial PlannerGreat Falls, MtJul 26, 200521 y0
Darin Gregory HayesSandpoint, Id Aug 3, 200521 y0
All 693 advisors at D.A. Davidson & Co.
Advisor movement
31 left, 31 joined in 12 months
net 0 in 12 months0 left in 90 days8 joined in 90 daysdeparture rate 4.4% of current headcount88 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
1 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
Concordant Partners, LLC D/B/A The Concordant Fundno longer reportedHedge Fund$58.0M13Mar 30, 2012
Owners and control persons
Schedule A and B, latest filing
  • Jacqueline Ann Beauprez · Svp, General Counselcontrol
    since 04/2018 · owns less than 5%
  • James Lee Cronk · Principal Operations Officercontrol
    since 02/2024 · owns less than 5%
  • Marc Russell Dispense · President, Fixed Income Capital Marketscontrol
    since 03/2019 · owns less than 5%
  • Lawrence Todd Martinez · Chariman And Ceo, D.A. Davidson Companies, Directorcontrol
    since 02/2022 · owns less than 5%
  • Jared C Mccubbin · Svp, Chief Compliance Officercontrol
    since 01/2023 · owns less than 5%
  • Rory Adam Mckinney · President, Equity Capital Marketscontrol
    since 10/2022 · owns less than 5%
  • Michael Joseph Purpura · President, Wealth Management, Directorcontrol
    since 10/2014 · owns less than 5%
  • David Ian Wakefield · Chief Financial Officercontrol
    since 07/2026 · owns less than 5%
  • Scott Michael Witeby · Svp, Chief Financial Officer, Directorcontrol
    since 11/2019 · owns less than 5%
Entity owners
  • D.A. Davidson Companies · Holding Company
    direct · owns 75% or more
  • D.A. Davidson Trust Company · Trustee
    indirect · owns 25% to 50% of Employee Stock Ownership Plan And Trust
  • Employee Stock Ownership Plan And Trust · Shareholder
    indirect · owns 25% to 50% of D.A. Davidson Companies
Related persons
Schedule D 7.A
Advisers that list D.A. Davidson & Co. as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Seattle, Wa87112
Great Falls, Mt · principal4531
Bozeman, Mt3330
Omaha, Ne3121
Denver, Co2841
Bellevue, Wa2321
Spokane, Wa2110
Lincoln, Ne2010
Pasadena, Ca2042
Missoula, Mt1800
Roseville, Ca1800
Lake Oswego, Or1710
Helena, Mt1620
Kalispell, Mt1622
Boise, Id1501
Medford, Or1510
Coeur Dalene, Id1430
Salt Lake City, Ut1340
Claremont, Ca1320
Colorado Springs, Co1201
Offices
Schedule D 1.F, the 25 largest
  • Seattle, WA21 employees
  • Omaha, NE19 employees
  • Bozeman, MT18 employees
  • Kalispell, MT14 employees
  • Medford, OR12 employees
  • Lincoln, NE11 employees
  • Bellevue, WA11 employees
  • Lake Oswego, OR11 employees
  • Boise, ID10 employees
  • Colorado Springs, CO10 employees
  • Missoula, MT10 employees
  • Spokane, WA10 employees
  • Helena, MT9 employees
  • Pasadena, CA9 employees
  • Roseville, CA9 employees
  • Claremont, CA8 employees
  • Wenatchee, WA7 employees
  • Grand Junction, CO6 employees
  • Billings, MT6 employees
  • Everett, WA6 employees
  • Bend, OR6 employees
  • Kennewick, WA6 employees
  • Port Angeles, WA6 employees
  • Carlsbad, CA5 employees
  • Salt Lake City, UT5 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Jul 30, 2026
    WAKEFIELD, DAVID IAN (CHIEF FINANCIAL OFFICER) appeared on Schedule A between the filings of 2024-03-08 and 2026-07-30
    peers: independent wealth managers, $20B and over (84)
  • control person changedChange between filings · filing Jul 30, 2026
    WITEBY, SCOTT MICHAEL (SVP, CHIEF FINANCIAL OFFICER, DIRECTOR) left Schedule A between the filings of 2024-03-08 and 2026-07-30
    peers: independent wealth managers, $20B and over (84)
  • employee count surgeChange between filings · filing Jan 16, 2026
    employees (Item 5.A) moved from 650.0 to 990.0 (+52.0%) between the annual amendments of 2025-03-25 and 2026-01-16; the peer median change was +6.0% (79 comparable advisers, 99.0th percentile of changes)
    peers: independent wealth managers, $20B and over (79) · 99% percentile
What changed
consecutive filings, newest first
  • Accounts · 86,818 to 92,146
    Sep 3, 2025 to Dec 19, 2025
  • BD registered reps · 640 to 710
    Sep 3, 2025 to Dec 19, 2025
  • Charity clients · 1,022 to 1,098
    Sep 3, 2025 to Dec 19, 2025
  • Corporate clients · 613 to 616
    Sep 3, 2025 to Dec 19, 2025
  • HNW clients · 16,168 to 18,223
    Sep 3, 2025 to Dec 19, 2025
  • Individual clients · 48,406 to 49,912
    Sep 3, 2025 to Dec 19, 2025
  • Pension plan clients · 248 to 240
    Sep 3, 2025 to Dec 19, 2025
  • Pooled vehicle clients · 1.0 to unset
    Sep 3, 2025 to Dec 19, 2025
  • Assets in custody · $36B to $42B
    Sep 3, 2025 to Dec 19, 2025
  • Employees · 650 to 990
    Sep 3, 2025 to Dec 19, 2025
  • Insurance-licensed employees · 1 to 0
    Sep 3, 2025 to Dec 19, 2025
  • State-registered IARs · 630 to 650
    Sep 3, 2025 to Dec 19, 2025
  • Other offices · 98 to 100
    Sep 3, 2025 to Dec 19, 2025
  • Discretionary RAUM · $33B to $38B
    Sep 3, 2025 to Dec 19, 2025
  • HNW RAUM · $19B to $24B
    Sep 3, 2025 to Dec 19, 2025
  • Individual RAUM · $13B to $14B
    Sep 3, 2025 to Dec 19, 2025
  • Non-discretionary RAUM · $3.3B to $3.5B
    Sep 3, 2025 to Dec 19, 2025
  • Pension RAUM · $520M to $547M
    Sep 3, 2025 to Dec 19, 2025
  • Pooled vehicle RAUM · 72914326.0 to unset
    Sep 3, 2025 to Dec 19, 2025
  • RAUM · $36B to $42B
    Sep 3, 2025 to Dec 19, 2025
  • Wrap assets (sponsor) · $5.4B to $6.1B
    Sep 3, 2025 to Dec 19, 2025
  • Financial planning clients · More than 500 to More than 500
    Mar 25, 2025 to Jul 1, 2025
  • Accounts · 81,264 to 86,818
    Mar 20, 2024 to Dec 23, 2024
  • Advisory activities · 8 to 7
    Mar 20, 2024 to Dec 23, 2024
  • BD registered reps · 630 to 640
    Mar 20, 2024 to Dec 23, 2024
  • Charity clients · 988 to 1,022
    Mar 20, 2024 to Dec 23, 2024
  • Corporate clients · 593 to 613
    Mar 20, 2024 to Dec 23, 2024
  • HNW clients · 13,968 to 16,168
    Mar 20, 2024 to Dec 23, 2024
  • Individual clients · 46,981 to 48,406
    Mar 20, 2024 to Dec 23, 2024
  • Pension plan clients · 262 to 248
    Mar 20, 2024 to Dec 23, 2024
  • Assets in custody · $28B to $36B
    Mar 20, 2024 to Dec 23, 2024
  • Employees · 640 to 650
    Mar 20, 2024 to Dec 23, 2024
  • Insurance-licensed employees · 3 to 1
    Mar 20, 2024 to Dec 23, 2024
  • State-registered IARs · 625 to 630
    Mar 20, 2024 to Dec 23, 2024
  • Other offices · 87 to 98
    Mar 20, 2024 to Dec 23, 2024
  • Private funds · 1 to unset
    Mar 20, 2024 to Dec 23, 2024
  • Discretionary RAUM · $25B to $33B
    Mar 20, 2024 to Dec 23, 2024
  • HNW RAUM · $14B to $19B
    Mar 20, 2024 to Dec 23, 2024
  • Individual RAUM · $11B to $13B
    Mar 20, 2024 to Dec 23, 2024
  • Non-discretionary RAUM · $2.7B to $3.3B
    Mar 20, 2024 to Dec 23, 2024
Signals
60 dated events
  • Jennifer Joy Goss no longer holds an investment adviser registration (last listed at D.A. Davidson & Co. on the 2026-09-16 feed)
    Sep 16, 2026 · Advisor registration ended · derived
  • Nathaniel Christian Williams registered as an investment adviser representative at D.A. Davidson & Co.
    Sep 14, 2026 · Advisor registered · fact
  • 2 advisors left Ameriprise Financial Services, LLC (Brush Prairie, WA) for D.A. Davidson & CO. within 5 days
    May 15, 2026 · Team lift-out · derived
  • Rachel Ann Carlson left D.A. Davidson & Co. for Wealth Enhancement Advisory Services, Llc (registered 2026-05-12)
    May 11, 2026 · Advisor changed firm · fact
  • Nikko Courtney Gronhovd left D.A. Davidson & Co. for Lpl Financial Llc (registered 2026-04-27)
    May 5, 2026 · Advisor changed firm · fact
  • Michael Gregory Tuffli Stevenson left D.A. Davidson & Co. for Lpl Financial Llc (registered 2026-04-27)
    May 5, 2026 · Advisor changed firm · fact
  • 3 advisors left D.A. Davidson & CO. (Kenmore, WA) for LPL Financial LLC on the same day
    May 5, 2026 · Team lift-out · derived
  • David Patrick Johnson left D.A. Davidson & Co. for Lpl Financial Llc (registered 2026-04-27)
    May 5, 2026 · Advisor changed firm · fact
  • Mark Tristan Pettit left D.A. Davidson & Co. for Morgan Stanley (registered 2026-04-20)
    Apr 28, 2026 · Advisor changed firm · fact
  • Stuart Daniel Ball left D.A. Davidson & Co. for Fisher Investments (registered 2026-04-14)
    Apr 13, 2026 · Advisor changed firm · fact
  • Kyra Ivania Montes left D.A. Davidson & Co. for Raymond James Financial Services Advisors, Inc (registered 2026-04-16)
    Apr 13, 2026 · Advisor changed firm · fact
  • 2 advisors left D.A. Davidson & CO. (Clyde Hill, WA) for Raymond James & Associates, Inc. on the same day
    Apr 10, 2026 · Team lift-out · derived
  • Thomas Walling Conway left D.A. Davidson & Co. for Raymond James & Associates, Inc. (registered 2026-04-09)
    Apr 10, 2026 · Advisor changed firm · fact
  • Heidi Hughes Buck left D.A. Davidson & Co. for Raymond James & Associates, Inc. (registered 2026-04-09)
    Apr 10, 2026 · Advisor changed firm · fact
  • Elan Hiutin left D.A. Davidson & Co. for Ubs Financial Services Inc. (registered 2026-04-02)
    Apr 9, 2026 · Advisor changed firm · fact
  • Kelsey Marie Culjat left D.A. Davidson & Co. for Cwm, Llc (registered 2026-04-01)
    Mar 27, 2026 · Advisor changed firm · fact
  • Marla Anne Cassidy left D.A. Davidson & Co. for Rbc Capital Markets, Llc (registered 2026-03-10)
    Mar 2, 2026 · Advisor changed firm · fact
  • Brian J Zellner left D.A. Davidson & Co. for Equitable Advisors, Llc (registered 2026-02-20)
    Feb 20, 2026 · Advisor changed firm · fact
  • Riley Francis left D.A. Davidson & Co. for Arete Wealth Advisors, Llc (registered 2026-01-28)
    Jan 29, 2026 · Advisor changed firm · fact
  • Susan S. Garber Johnson left D.A. Davidson & Co. for Lpl Financial Llc (registered 2026-01-14)
    Jan 22, 2026 · Advisor changed firm · fact
  • Franklin Neil Boley left D.A. Davidson & Co. for Lpl Financial Llc (registered 2026-01-14)
    Jan 22, 2026 · Advisor changed firm · fact
  • 3 advisors left D.A. Davidson & CO. (Sheridan, WY) for LPL Financial LLC on the same day
    Jan 22, 2026 · Team lift-out · derived
  • Olivia Danielle Koltiska left D.A. Davidson & Co. for Lpl Financial Llc (registered 2026-01-14)
    Jan 22, 2026 · Advisor changed firm · fact
  • Ryan James Halleran left D.A. Davidson & Co. for Gensphere Private Wealth, Llc (registered 2026-01-09)
    Jan 9, 2026 · Advisor changed firm · fact
  • Patrick Robert Fletcher left D.A. Davidson & Co. for Gensphere Private Wealth, Llc (registered 2026-01-09)
    Jan 9, 2026 · Advisor changed firm · fact
  • 2 advisors left D.A. Davidson & CO. (Sammamish, WA) for Gensphere Private Wealth, LLC on the same day
    Jan 9, 2026 · Team lift-out · derived
  • Jeffrey Joe Bouchard left D.A. Davidson & Co. for Cetera Investment Advisers Llc (registered 2025-12-17)
    Dec 18, 2025 · Advisor changed firm · fact
  • Samantha Sue Pitts left D.A. Davidson & Co. for Rbc Capital Markets, Llc (registered 2026-01-12)
    Dec 16, 2025 · Advisor changed firm · fact
  • Bobby Lea Schmid left D.A. Davidson & Co. for Sanctuary Advisors, Llc (registered 2025-11-13)
    Nov 20, 2025 · Advisor changed firm · fact
  • 5 advisors left Truist Advisory Services, Inc. (Winchester, VA) for D.A. Davidson & CO. on the same day
    Nov 6, 2025 · Team lift-out · derived
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Firm profile
linkedin.com/company/d-a--davidson-&-co-reportedpublic record, Form ADV, Sep 17, 2026
Website
DADAVIDSON.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
406-727-4200reportedpublic record, Form ADV, Jul 30, 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
$59.9Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026