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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
SEC-registered adviser
L••••• B••••••• • W•••• W••••• M••••••••• L••
Latest filing Jul 24, 2026
First filing on the tape Mar 18, 2026 · 2 filings
SEC status approved since Apr 6, 2026
RAUM
$115M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$115M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$23.1M
derived; firm RAUM over IAPD count
Employees
6
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
2 filings and snapshots on the tape
RAUM$115M as of Jul 24, 2026
Mar 18, 2026$115M then
HNW client RAUM$66.6M as of Jul 24, 2026
Mar 18, 2026$66.6M then
State-registered IARs (5.B.3)4 as of Jul 24, 2026
Mar 18, 20264 then
Employees (5.A)6 as of Jul 24, 2026
Mar 18, 20266 then
Private funds: 1
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Jul 24, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- 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
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $23.1MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 58derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.6MderivedHNW RAUM over HNW clients
- Average account
- $189,710derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 5.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween 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, hourly, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, educational seminarsreportedItem 5.G
- Custody
- $14.4M, 29 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 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$66.6M58%
- Individuals$48.1M42%
- Charitable organizations$613,2450.5%
- Individual clients
- 249reported
- HNW clients
- 42reported
- Pension plan clients
- n/areported
- Charitable clients
- 1reported
- Accounts
- 608reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- $14.4M for 29 clientsreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| T•••••• S•••• B•••••••Certified Financial Planner | Madison, Wi | Sep 28, 2015 | 13 y | 2 |
| D••••• J••••• W•••• | Madison, Wi | Oct 28, 2015 | 16 y | 1 |
| N•••••••• M••••• L•••• | Madison, Wi | Oct 28, 2015 | 13 y | 1 |
| G••• F•••••••• G••••••••Certified Financial Planner | Madison, Wi | Jan 3, 2022 | 10 y | 0 |
| B•• V••••• R•••• | Rochester, Ny | Apr 22, 2026 | 21 y | 0 |
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 headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- D••••• J••••• W•••• from P••••••• C•••••• M••••••••• I•••Oct 28, 2015 · Other
- N•••••••• M••••• L•••• from P••••••• C•••••• M••••••••• I•••Oct 28, 2015 · Other
- T•••••• S•••• B••••••• from P••••••• C•••••• M••••••••• I•••Sep 28, 2015 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from P••••••• C•••••• M••••••••• I•••Dec 16, 2015 · Madison, Wi
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B•••••••• T••••••• S•••• · Managing Member, Foundercontrolsince 08/2015 · owns less than 5%
- L••••• N••••••••• M••••• · Managing Member, Founder & Chief Compliance Officercontrolsince 10/2015 · owns less than 5%
- W••••• D•••••• J••••• · Managing Member, Foundercontrolsince 10/2015 · owns less than 5%
Entity owners
- L•• G•••• · Ownerdirect · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Madison, Wi · principal | 5 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- business activity changedChange between filings · filing Jul 24, 2026advises private funds (Item 7.B): no on the filing of 2026-03-18, yes on the filing of 2026-07-24peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Private funds · unset to 1Mar 18, 2026 to Jul 24, 2026
Signals
No event on the tape.
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 phone
- 608-286-1321reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- H••••://WWW.LINKEDIN.COM/COMPANY/LBW-WEALTH-MANAGEMENTreportedpublic record, Form ADV, Sep 18, 2026
- Website
- H••••://WWW.LBW-WEALTH.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 608-286-1321reportedpublic record, Form ADV, Jul 24, 2026
- Team page
- LBW-WEALTH.COM/teamreportedpublished by the firm, firm site, Sep 16, 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
- $23.1Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026