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

C•••••• C•••••• M••••••••• L••

Former SEC-registered adviserNorthfield, MinnesotaCRD 281544SEC 801-106832websiteIAPD
Latest filing Mar 24, 2025
First filing on the tape Oct 19, 2015 · 30 filings
SEC status approved since Oct 26, 2015
RAUM
$3.8B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
88%
$3.4B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
78
33 advisory (5.B.1)
Offices
30
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$3.8B as of Mar 24, 2025
Mar 29, 2016$1.4B then
HNW client RAUM$3.0B as of Mar 24, 2025
Mar 16, 2018$1.6B then
State-registered IARs (5.B.3)30 as of Mar 24, 2025
Mar 29, 201614 then
Employees (5.A)78 as of Mar 24, 2025
Mar 29, 201636 then
Private funds: no history
RAUM +8.7% over the last fiscal year+6.4% a year over threeIARs 25 to 30
Practice profile
derived from the filing of Mar 24, 2025; every figure names its basis
RAUM per advisor
$127MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
52derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.7MderivedHNW RAUM over HNW clients
Average account
$445,404derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
9.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.6derivedItem 5.A over advisors
Advisors per office
1.0derived31 offices incl. principal (1.F.5)
RAUM growth, one year
+8.7%derivedbetween the last two annual amendments
Advisor growth, one year
+20%derivedItem 5.B.3 between annual amendments
Client growth, one year
+3.7%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Financial planning clients
1,500reportedItem 5.H
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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • a related person acts as qualified custodian (9.D.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$3.0B81%
  • Individuals$352M9.5%
  • Pension and profit-sharing plans$282M7.6%
  • Charitable organizations$63.7M1.7%
  • Corporations and businesses$11.5M0.3%
Individual clients
750reported
HNW clients
805reported
Pension plan clients
68reported
Charitable clients
20reported
Accounts
8,551reported
Financial planning clients
1,500reported
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
  • C••••••• G••••••• A••• · Founder & Ceocontrol
    since 02/2015 · owns less than 5%
  • C••••••• J••••••• R••••• · Founder & Secretary/Treasurercontrol
    since 02/2015 · owns less than 5%
  • P••••• T•••••• C••••••• · Governorcontrol
    since 06/2019 · owns less than 5%
  • S••••• J•••••• D••••• · Chief Compliance Officer/Presidentcontrol
    since 10/2015 · owns less than 5%
  • C••••••• G••••••• A••• · Founder & Ceocontrol
    since 01/1988 · owns 25% to 50% of Carlson Capital Management
  • C••••••• J••••••• R••••• · Founder & Secretary/Treasurercontrol
    since 01/1988 · owns 25% to 50% of Carlson Capital Management
Entity owners
  • C•••••• C•••••• M••••••••• · Member
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • C•••••• T••••• A• T•••• R••••••••• O••••• O• N••••••• A••••••• T•••• C••••••• F••
    custodiann
  • Ccm Investment Group, LLC
    investment adviseryRAUM $952M
  • C•• T•• • T••••
    insurancey
  • V•••••••• I•••
    real estatey
Advisers that list C•••••• C•••••• M••••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Bloomington, Mn000
Northfield, Mn · principal000
Rochester, Mn000
Sioux Falls, Sd000
Offices
Schedule D 1.F, the 25 largest
  • Bloomington, MN13 employees
  • Northfield, MN8 employees
  • Rochester, MN2 employees
  • Hastings, MN1 employees
  • , 1 employees
What changed
consecutive filings, newest first
  • Accounts · 8,421 to 8,551
    Mar 27, 2024 to Mar 24, 2025
  • Advisory employees · 21 to 33
    Mar 27, 2024 to Mar 24, 2025
  • Charity clients · 22 to 20
    Mar 27, 2024 to Mar 24, 2025
  • Corporate clients · 9 to 7
    Mar 27, 2024 to Mar 24, 2025
  • HNW clients · 753 to 805
    Mar 27, 2024 to Mar 24, 2025
  • Individual clients · 747 to 750
    Mar 27, 2024 to Mar 24, 2025
  • Pension plan clients · 61 to 68
    Mar 27, 2024 to Mar 24, 2025
  • Assets in custody · 269999595.0 to unset
    Mar 27, 2024 to Mar 24, 2025
  • Custody of client assets · true to false
    Mar 27, 2024 to Mar 24, 2025
  • Employees · 79 to 78
    Mar 27, 2024 to Mar 24, 2025
  • Financial planning clients · More than 500 to More than 500
    Mar 27, 2024 to Mar 24, 2025
  • State-registered IARs · 25 to 30
    Mar 27, 2024 to Mar 24, 2025
  • Discretionary RAUM · $3.5B to $3.8B
    Mar 27, 2024 to Mar 24, 2025
  • HNW RAUM · $2.8B to $3.0B
    Mar 27, 2024 to Mar 24, 2025
  • Individual RAUM · $337M to $352M
    Mar 27, 2024 to Mar 24, 2025
  • Non-discretionary RAUM · $17.5M to $13.5M
    Mar 27, 2024 to Mar 24, 2025
  • Pension RAUM · $240M to $282M
    Mar 27, 2024 to Mar 24, 2025
  • RAUM · $3.5B to $3.8B
    Mar 27, 2024 to Mar 24, 2025
  • Accounts · 7,949 to 8,421
    Nov 30, 2023 to Mar 27, 2024
  • Charity clients · 23 to 22
    Nov 30, 2023 to Mar 27, 2024
  • Corporate clients · 8 to 9
    Nov 30, 2023 to Mar 27, 2024
  • HNW clients · 713 to 753
    Nov 30, 2023 to Mar 27, 2024
  • Individual clients · 735 to 747
    Nov 30, 2023 to Mar 27, 2024
  • Pension plan clients · 56 to 61
    Nov 30, 2023 to Mar 27, 2024
  • Assets in custody · $1.9B to $270M
    Nov 30, 2023 to Mar 27, 2024
  • Discretionary RAUM · $3.0B to $3.5B
    Nov 30, 2023 to Mar 27, 2024
  • HNW RAUM · $2.4B to $2.8B
    Nov 30, 2023 to Mar 27, 2024
  • Individual RAUM · $302M to $337M
    Nov 30, 2023 to Mar 27, 2024
  • Non-discretionary RAUM · $24.8M to $17.5M
    Nov 30, 2023 to Mar 27, 2024
  • Pension RAUM · $169M to $240M
    Nov 30, 2023 to Mar 27, 2024
  • RAUM · $3.0B to $3.5B
    Nov 30, 2023 to Mar 27, 2024
  • Related adviser · false to true
    Nov 30, 2023 to Mar 27, 2024
  • Accounts · 7,550 to 7,949
    Nov 4, 2022 to Mar 25, 2023
  • Advisory employees · 20 to 21
    Nov 4, 2022 to Mar 25, 2023
  • Corporate clients · 7 to 8
    Nov 4, 2022 to Mar 25, 2023
  • HNW clients · 731 to 713
    Nov 4, 2022 to Mar 25, 2023
  • Individual clients · 675 to 735
    Nov 4, 2022 to Mar 25, 2023
  • Pension plan clients · 53 to 56
    Nov 4, 2022 to Mar 25, 2023
  • Assets in custody · $2.0B to $1.9B
    Nov 4, 2022 to Mar 25, 2023
  • Employees · 68 to 79
    Nov 4, 2022 to Mar 25, 2023
Signals
16 dated events
  • Carlson Capital Management, Llc no longer on the SEC adviser roster (last listed 2025-09-02, RAUM $3.8B)
    Dec 20, 2025 · Left the SEC roster · derived
  • Callie Rae Geist left Carlson Capital Management, Llc for Sequoia Financial Group, L.L.C. (registered 2025-03-31)
    Sep 10, 2025 · Advisor changed firm · fact
  • Camila Kundele Peterson left Carlson Capital Management, Llc for Sequoia Financial Group, L.L.C. (registered 2025-03-31)
    Sep 10, 2025 · Advisor changed firm · fact
  • David Alan Webb left Carlson Capital Management, Llc for Sequoia Financial Group, L.L.C. (registered 2025-03-31)
    Sep 10, 2025 · Advisor changed firm · fact
  • Justin Daniel Stets left Carlson Capital Management, Llc for Sequoia Financial Group, L.L.C. (registered 2025-03-31)
    Sep 10, 2025 · Advisor changed firm · fact
  • Carlson Capital Management, LLC's advisors moved to Sequoia Financial Group, L.L.C. (Northfield, MN): 3 of 4 registered, on the same day
    Sep 10, 2025 · Firm absorbed (people side) · derived
  • Samuel Joseph Glubka left Carlson Capital Management, Llc for Trademark Financial Management, Llc (registered 2025-11-04)
    Jan 23, 2025 · Advisor changed firm · fact
  • Robert Paul Bernard left Carlson Capital Management, Llc for Retirement Planners Of America (registered 2024-06-12)
    Jun 11, 2024 · Advisor changed firm · fact
  • Turner Lee Storm left Carlson Capital Management, Llc for Marks Group Wealth Management, Inc. (registered 2024-06-20)
    Jun 11, 2024 · Advisor changed firm · fact
  • Rachel Elizabeth Chacko left Carlson Capital Management, Llc for Petersen Hastings Wealth Advisors, Inc. (registered 2022-07-20)
    Jun 29, 2022 · Advisor changed firm · fact
  • Matthew James Morehead left Carlson Capital Management, Llc for Janiczek Wealth Management (registered 2022-04-13)
    May 17, 2022 · Advisor changed firm · fact
  • Carlson Capital Management, Llc reported 28 offices beyond its principal office, up from 5 (2021-11-04 to 2022-03-29)
    Mar 29, 2022 · Office count change · derived
  • Omer Abramovich left Carlson Capital Management, Llc for Cliftonlarsonallen Wealth Advisors, Llc (registered 2022-03-21)
    Mar 25, 2022 · Advisor changed firm · fact
  • Carlson Capital Management, Llc reported RAUM $2.3B, up 28% from $1.8B (2019-11-04 to 2020-03-26)
    Mar 26, 2020 · RAUM change · derived
  • Clarence Thomas Pesek (Governor) appeared on Schedule A of Carlson Capital Management, Llc
    Mar 26, 2020 · Control person joined · fact
  • Carlson Capital Management, Llc filed its initial SEC registration (Form ADV)
    Oct 19, 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.
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