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

J• W• K•••• • C••••••

Other adviserLansing, MichiganCRD 26455SEC 801-85185websiteIAPD
Legal name J••• K•••• • C••••••• L•••••• P•••••••••
Latest filing Mar 31, 2026
First filing on the tape Mar 25, 2015 · 16 filings
SEC status approved since Mar 13, 2015
RAUM
$229M
reported, Item 5.F
Discretionary
16%
of RAUM
Private clients
3.2%
$7.4M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$32.7M
derived; firm RAUM over IAPD count
Employees
20
5 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
1
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$229M as of Mar 31, 2026
Feb 9, 2016$135M then
HNW client RAUM$7.4M as of Mar 31, 2026
Mar 29, 2018$13.1M then
State-registered IARs (5.B.3)7 as of Mar 31, 2026
Feb 9, 20165 then
Employees (5.A)20 as of Mar 31, 2026
Feb 9, 201617 then
Private funds1 as of Mar 31, 2026
Mar 31, 20251 then
RAUM +1.4% over the last fiscal year+4.2% a year over threeIARs 5 to 7
Practice profile
derived from the filing of Mar 31, 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)
RAUM per advisor
$32.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.8MderivedHNW RAUM over HNW clients
Average account
$16.3MderivedRAUM over accounts (5.F.2.f)
Discretionary
16%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.9derivedItem 5.A over advisors
Advisors per office
3.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+1.4%derivedbetween the last two annual amendments
Advisor growth, one year
+40%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, commissionsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, 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
  • is a broker-dealer (6.A.1)
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Corporations and businesses$199M87%
  • Pooled investment vehicles$22.4M9.8%
  • High-net-worth individuals$7.4M3.2%
Individual clients
n/areported
HNW clients
4reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
14reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, commissionsreported
Class basis
private_client_share=0.03 fund_share=0.1 institutional_share=0.0 related_bd=true related_bank=false bd_reps=17.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
M•••••• L•••• G••••••Lansing, MiApr 20, 201125 y0
P••••• J••• H•••Lansing, MiOct 19, 201229 y0
J••••• R••••• D•••••Lansing, MiOct 31, 201217 y0
J•• S•••• K•••••Birmingham, Mi Jan 1, 202510 y1
K••• G•••••• G••••••••Chartered Financial AnalystCoral Gables, FlOct 7, 202510 y1
H•••• C•••••••• M•••••••••Lansing, Mi Jan 5, 202619 y0
J•••• W••••• K••••Lansing, Mi Jan 13, 202643 y0
Advisor movement
0 left, 1 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • H•••• P••••• J••• · Managing D•••••Or, Fixed Income Tradingcontrol
    since 01/2013 · owns less than 5%
  • K••••• J•••• W••••• · Managing Partnercontrol
    since 03/1990 · owns less than 5%
  • M••••••••• H•••• C•••••••• · Finop, Managing D•••••Orcontrol
    since 07/2016 · owns less than 5%
  • G••••••• M•••••• L•••• · Cco
    since 06/2009 · owns less than 5%
Entity owners
  • J• W• K•••• L•• · General Partner
    direct · owns 75% or more
  • K•••• D••••• M••••••• I•• · Sole Member Of J• W• K•••• L••, The General Partner Of J W K••••
    direct · owns 10% to 25% · public reporting company
  • K•••• D••••• M••••••• I•• · Sole Member Of J• W• K•••• L••, The General Partner Of J W K••••
    indirect · owns 75% or more of J• W• K•••• L•• · public reporting company
Related persons
Schedule D 7.A
Advisers that list J• W• K•••• • C•••••• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Lansing, Mi · principal620
Coral Gables, Fl330
Offices
Schedule D 1.F, the 25 largest
  • Coral Gables, FL2 employees
What changed
consecutive filings, newest first
  • State-registered IARs · 5 to 7
    Mar 31, 2025 to Mar 31, 2026
  • Discretionary RAUM · $41.4M to $36.7M
    Mar 31, 2025 to Mar 31, 2026
  • HNW RAUM · $7.8M to $7.4M
    Mar 31, 2025 to Mar 31, 2026
  • Non-discretionary RAUM · $184M to $192M
    Mar 31, 2025 to Mar 31, 2026
  • Pooled vehicle RAUM · $25.3M to $22.4M
    Mar 31, 2025 to Mar 31, 2026
  • RAUM · $226M to $229M
    Mar 31, 2025 to Mar 31, 2026
  • Accounts · 13 to 14
    Mar 29, 2024 to Mar 31, 2025
  • Advisory activities · 4 to 5
    Mar 29, 2024 to Mar 31, 2025
  • BD registered reps · 16 to 17
    Mar 29, 2024 to Mar 31, 2025
  • Pooled vehicle clients · unset to 1.0
    Mar 29, 2024 to Mar 31, 2025
  • Employees · 19 to 20
    Mar 29, 2024 to Mar 31, 2025
  • Financial planning clients · unset to
    Mar 29, 2024 to Mar 31, 2025
  • Private funds · unset to 1
    Mar 29, 2024 to Mar 31, 2025
  • Discretionary RAUM · $12.1M to $41.4M
    Mar 29, 2024 to Mar 31, 2025
  • HNW RAUM · $5.4M to $7.8M
    Mar 29, 2024 to Mar 31, 2025
  • Non-discretionary RAUM · $193M to $184M
    Mar 29, 2024 to Mar 31, 2025
  • Pooled vehicle RAUM · unset to 25340000.0
    Mar 29, 2024 to Mar 31, 2025
  • RAUM · $205M to $226M
    Mar 29, 2024 to Mar 31, 2025
  • BD registered reps · 14 to 16
    Mar 31, 2023 to Mar 29, 2024
  • Employees · 16 to 19
    Mar 31, 2023 to Mar 29, 2024
  • Discretionary RAUM · $11.8M to $12.1M
    Mar 31, 2023 to Mar 29, 2024
  • HNW RAUM · $6.7M to $5.4M
    Mar 31, 2023 to Mar 29, 2024
  • Non-discretionary RAUM · $190M to $193M
    Mar 31, 2023 to Mar 29, 2024
  • RAUM · $202M to $205M
    Mar 31, 2023 to Mar 29, 2024
  • BD registered reps · 15 to 14
    Mar 31, 2022 to Mar 31, 2023
  • Employees · 18 to 16
    Mar 31, 2022 to Mar 31, 2023
  • Discretionary RAUM · $13.1M to $11.8M
    Mar 31, 2022 to Mar 31, 2023
  • HNW RAUM · $7.8M to $6.7M
    Mar 31, 2022 to Mar 31, 2023
  • Non-discretionary RAUM · $201M to $190M
    Mar 31, 2022 to Mar 31, 2023
  • RAUM · $214M to $202M
    Mar 31, 2022 to Mar 31, 2023
  • Accounts · 16 to 13
    Oct 8, 2021 to Mar 31, 2022
  • Corporate clients · 6 to 7
    Oct 8, 2021 to Mar 31, 2022
  • HNW clients · 6 to 4
    Oct 8, 2021 to Mar 31, 2022
  • Employees · 15 to 18
    Oct 8, 2021 to Mar 31, 2022
  • Discretionary RAUM · $16.5M to $13.1M
    Oct 8, 2021 to Mar 31, 2022
  • HNW RAUM · $11.4M to $7.8M
    Oct 8, 2021 to Mar 31, 2022
  • Non-discretionary RAUM · $177M to $201M
    Oct 8, 2021 to Mar 31, 2022
  • RAUM · $194M to $214M
    Oct 8, 2021 to Mar 31, 2022
  • Accounts · 19 to 16
    Jun 26, 2020 to Mar 31, 2021
  • BD registered reps · 13 to 15
    Jun 26, 2020 to Mar 31, 2021
Signals
1 dated events
  • J••• K•••• A•• C•••••• filed its initial SEC registration (Form ADV)
    Mar 25, 2015 · 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
korthdirect.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
800-454-1628 OPTION#1reportedpublic record, Form ADV, Mar 31, 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
Other adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
$32.7Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026