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

Clayton Financial Group, LLC

Independent wealth managerSt. Louis, MissouriCRD 226729SEC 801-97344websiteIAPD
Latest filing Feb 25, 2026
First filing on the tape May 20, 2015 · 38 filings
SEC status approved since Jun 2, 2015
RAUM
$794M
reported, Item 5.F
Discretionary
41%
of RAUM
Private clients
98%
$780M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$265M
derived; firm RAUM over IAPD count
Employees
7
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$794M as of Feb 25, 2026
Mar 22, 2016$393M then
HNW client RAUM$747M as of Feb 25, 2026
Mar 21, 2018$496M then
State-registered IARs (5.B.3)3 as of Feb 25, 2026
Mar 22, 20163 then
Employees (5.A)7 as of Feb 25, 2026
Mar 22, 20169 then
Private funds: no history
RAUM -54% over the last fiscal year-13% a year over threeIARs 13 to 3
Practice profile
derived from the filing of Feb 25, 2026; every figure names its basis
Archetypes, each a printed rule
  • Independent 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
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$265MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
81derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.5MderivedHNW RAUM over HNW clients
Average account
$607,778derivedRAUM over accounts (5.F.2.f)
Discretionary
41%derivedof RAUM
Institutional
1.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.3derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-54%derivedbetween the last two annual amendments
Advisor growth, one year
-77%derivedItem 5.B.3 between annual amendments
Client growth, one year
-67%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
Custody
$411M, 519 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$747M94%
  • Individuals$33.6M4.2%
  • Charitable organizations$13.5M1.7%
Individual clients
76reported
HNW clients
167reported
Pension plan clients
n/areported
Charitable clients
5reported
Accounts
1,306reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$411M for 519 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.98 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Matthew Joseph BowerCertified Financial PlannerSt. Louis, MoJul 16, 201516 y1
Kenneth John BowerCertified Financial PlannerSt. Louis, MoJul 16, 201522 y1
Zachary Patrick KratofilCertified Financial PlannerSt. Louis, MoSep 5, 201912 y1
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 headcount10 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
  • John Kenneth Bower · Managing Director & Chief Executive Officercontrol
    since 04/2015 · owns 50% to 75%
  • Joseph Matthew Bower · Managing Director & Chief Operations Officercontrol
    since 04/2015 · owns 50% to 75%
  • Elizabeth Julie Bahr · Managing Director
    since 08/2015 · owns less than 5%
  • Michael Patrick Britt · Managing Director
    since 03/2018 · owns less than 5%
  • Robert Christopher Michalak · Managing Director
    since 09/2016 · owns less than 5%
  • Ann Kelly Richert · Managing Director & Cco
    since 11/2021 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
St Louis, Mo300
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
6 against comparable advisers; where to look, not conclusions
  • clients down average size upCombination · filing Feb 25, 2026
    private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $1,736,034,368 to $793,758,079, advisors 13 to 3, private clients 742 to 243, offices 0 to 0 (2025-03-24 to 2026-02-25)
    peers: independent wealth managers, $500M to $1B (1,483)
  • account count collapseChange between filings · filing Feb 25, 2026
    accounts (Item 5.F.2.f) moved from 3,544.0 to 1,306.0 (-63.0%) between the annual amendments of 2025-03-24 and 2026-02-25; the peer median change was +6.0% (1256 comparable advisers, 1.0th percentile of changes)
    peers: independent wealth managers, $500M to $1B (1,256) · 1.1% percentile
  • advisor count dropChange between filings · filing Feb 25, 2026
    advisory representatives (Item 5.B.3) moved from 13.0 to 3.0 (-77.0%) between the annual amendments of 2025-03-24 and 2026-02-25; the peer median change was 0.0% (795 comparable advisers, 0.0th percentile of changes)
    peers: independent wealth managers, $500M to $1B (795) · 0.4% percentile
  • client count collapseChange between filings · filing Feb 25, 2026
    individual and HNW clients (Item 5.D) moved from 742.0 to 243.0 (-67.0%) between the annual amendments of 2025-03-24 and 2026-02-25; the peer median change was +5.0% (1216 comparable advisers, 1.0th percentile of changes)
    peers: independent wealth managers, $500M to $1B (1,216) · 0.7% percentile
  • employee count dropChange between filings · filing Feb 25, 2026
    employees (Item 5.A) moved from 23.0 to 7.0 (-70.0%) between the annual amendments of 2025-03-24 and 2026-02-25; the peer median change was 0.0% (596 comparable advisers, 0.0th percentile of changes)
    peers: independent wealth managers, $500M to $1B (596) · 0.2% percentile
  • RAUM down 50 %Change between filings · filing Feb 25, 2026
    RAUM (Item 5.F) moved from $1,736,034,368 to $793,758,079 (-54.0%) between the annual amendments of 2025-03-24 and 2026-02-25; the peer median change was +16.0% (1386 comparable advisers, 0.0th percentile of changes)
    peers: independent wealth managers, $500M to $1B (1,386) · 0.1% percentile
What changed
consecutive filings, newest first
  • Accounts · 3,544 to 1,306
    Aug 13, 2025 to Feb 25, 2026
  • Advisory employees · 8 to 3
    Aug 13, 2025 to Feb 25, 2026
  • Charity clients · 7 to 5
    Aug 13, 2025 to Feb 25, 2026
  • HNW clients · 405 to 167
    Aug 13, 2025 to Feb 25, 2026
  • Individual clients · 337 to 76
    Aug 13, 2025 to Feb 25, 2026
  • Pension plan clients · 26.0 to unset
    Aug 13, 2025 to Feb 25, 2026
  • Assets in custody · $1.0B to $411M
    Aug 13, 2025 to Feb 25, 2026
  • Employees · 23 to 7
    Aug 13, 2025 to Feb 25, 2026
  • Financial planning clients · More than 500 to 101-250
    Aug 13, 2025 to Feb 25, 2026
  • State-registered IARs · 13 to 3
    Aug 13, 2025 to Feb 25, 2026
  • Discretionary RAUM · $739M to $322M
    Aug 13, 2025 to Feb 25, 2026
  • HNW RAUM · $1.4B to $747M
    Aug 13, 2025 to Feb 25, 2026
  • Individual RAUM · $173M to $33.6M
    Aug 13, 2025 to Feb 25, 2026
  • Non-discretionary RAUM · $997M to $472M
    Aug 13, 2025 to Feb 25, 2026
  • Pension RAUM · 170614773.0 to unset
    Aug 13, 2025 to Feb 25, 2026
  • RAUM · $1.7B to $794M
    Aug 13, 2025 to Feb 25, 2026
  • Financial planning clients · More than 500 to More than 500
    Mar 24, 2025 to Jul 9, 2025
  • Accounts · 3,303 to 3,544
    Mar 1, 2024 to Feb 12, 2025
  • Advisory employees · 7 to 8
    Mar 1, 2024 to Feb 12, 2025
  • HNW clients · 383 to 405
    Mar 1, 2024 to Feb 12, 2025
  • Individual clients · 327 to 337
    Mar 1, 2024 to Feb 12, 2025
  • Pension plan clients · 28 to 26
    Mar 1, 2024 to Feb 12, 2025
  • Assets in custody · $923M to $1.0B
    Mar 1, 2024 to Feb 12, 2025
  • State-registered IARs · 7 to 13
    Mar 1, 2024 to Feb 12, 2025
  • Discretionary RAUM · $527M to $739M
    Mar 1, 2024 to Feb 12, 2025
  • HNW RAUM · $1.2B to $1.4B
    Mar 1, 2024 to Feb 12, 2025
  • Individual RAUM · $156M to $173M
    Mar 1, 2024 to Feb 12, 2025
  • Non-discretionary RAUM · $995M to $997M
    Mar 1, 2024 to Feb 12, 2025
  • Pension RAUM · $160M to $171M
    Mar 1, 2024 to Feb 12, 2025
  • RAUM · $1.5B to $1.7B
    Mar 1, 2024 to Feb 12, 2025
  • Accounts · 2,937 to 3,303
    Mar 6, 2023 to Mar 1, 2024
  • Advisory employees · 9 to 7
    Mar 6, 2023 to Mar 1, 2024
  • Charity clients · 6 to 7
    Mar 6, 2023 to Mar 1, 2024
  • HNW clients · 349 to 383
    Mar 6, 2023 to Mar 1, 2024
  • Individual clients · 303 to 327
    Mar 6, 2023 to Mar 1, 2024
  • Assets in custody · $721M to $923M
    Mar 6, 2023 to Mar 1, 2024
  • Employees · 22 to 23
    Mar 6, 2023 to Mar 1, 2024
  • Financial planning clients · 251-500 to More than 500
    Mar 6, 2023 to Mar 1, 2024
  • State-registered IARs · 4 to 7
    Mar 6, 2023 to Mar 1, 2024
  • Discretionary RAUM · $120M to $527M
    Mar 6, 2023 to Mar 1, 2024
Signals
20 dated events
  • Clayton Financial Group, Llc reported 3 state-registered advisory representatives, down from 13 (2025-08-13 to 2026-02-25)
    Feb 25, 2026 · Advisor headcount change · derived
  • Clayton Financial Group, Llc reported RAUM $793.8M, down 54% from $1.7B (2025-08-13 to 2026-02-25)
    Feb 25, 2026 · RAUM change · derived
  • Alexa Koziol left Clayton Financial Group, Llc for Correct Capital Wealth Management, Llc (registered 2025-12-16)
    Aug 8, 2025 · Advisor changed firm · fact
  • Julie Elizabeth Bahr left Clayton Financial Group, Llc for Meramec Financial Planners, Llc (registered 2025-03-20)
    Jul 1, 2025 · Advisor changed firm · fact
  • Amy Borkowski Baker left Clayton Financial Group, Llc for Meramec Financial Planners, Llc (registered 2025-03-20)
    Jul 1, 2025 · Advisor changed firm · fact
  • Allison Taylor Wimer left Clayton Financial Group, Llc for Krilogy (registered 2026-05-11)
    Jul 1, 2025 · Advisor changed firm · fact
  • Christopher Robert Michalak left Clayton Financial Group, Llc for Meramec Financial Planners, Llc (registered 2025-03-20)
    Jul 1, 2025 · Advisor changed firm · fact
  • 2 advisors left Clayton Financial Group, LLC (ST Louis, MO) for Krilogy on the same day
    Jul 1, 2025 · Team lift-out · derived
  • Laura Elizabeth Paulsell left Clayton Financial Group, Llc for Meramec Financial Planners, Llc (registered 2025-03-20)
    Jul 1, 2025 · Advisor changed firm · fact
  • Kelly Ann Richert left Clayton Financial Group, Llc for Meramec Financial Planners, Llc (registered 2025-03-20)
    Jul 1, 2025 · Advisor changed firm · fact
  • Patrick Michael Britt left Clayton Financial Group, Llc for Krilogy (registered 2025-06-10)
    Jul 1, 2025 · Advisor changed firm · fact
  • Sarah Jane Pinkley left Clayton Financial Group, Llc for Meramec Financial Planners, Llc (registered 2025-03-20)
    Jul 1, 2025 · Advisor changed firm · fact
  • Jennie Kloster Helm left Clayton Financial Group, Llc for Meramec Financial Planners, Llc (registered 2025-03-26)
    Jul 1, 2025 · Advisor changed firm · fact
  • Clayton Financial Group, LLC's advisors moved to Meramec Financial Planners, LLC (ST Louis, MO): 7 of 13 registered, on the same day
    Jul 1, 2025 · Firm absorbed (people side) · derived
  • Clayton Financial Group, Llc reported RAUM $1.5B, up 27% from $1.2B (2023-03-06 to 2024-03-01)
    Mar 1, 2024 · RAUM change · derived
  • Timothy Ford Hanser left Clayton Financial Group, Llc for Visionary Wealth Advisors, Llc (registered 2023-01-10)
    Dec 9, 2022 · Advisor changed firm · fact
  • Lauren Elizabeth Ferraro left Clayton Financial Group, Llc for Wheelhouse Advisory Group, Llc (registered 2022-07-11)
    Jun 6, 2022 · Advisor changed firm · fact
  • Clayton Financial Group, Llc reported RAUM $1.4B, up 25% from $1.1B (2021-12-05 to 2022-03-16)
    Mar 16, 2022 · RAUM change · derived
  • Clayton Financial Group, Llc reported RAUM $948.6M, up 30% from $728.1M (2019-11-14 to 2020-03-10)
    Mar 10, 2020 · RAUM change · derived
  • Clayton Financial Group, Llc filed its initial SEC registration (Form ADV)
    May 20, 2015 · 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 email
info@claytonfinancialgroup.comreportedpublished by the firm, firm site, Sep 15, 2026
Business phone
314-446-3250reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/10446691/adminreportedpublic record, Form ADV, Sep 17, 2026
Website
CLAYTONFINANCIALGROUP.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
(314) 446-3250reportedpublic record, Form ADV, Feb 25, 2026
Team page
claytonfinancialgroup.com/our-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
$265Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026