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

Marquette Wealth Management

Independent wealth managerMinneapolis, MinnesotaCRD 282482SEC 801-107122website IAPD

Legal name Marquette Asset Management, LLC

Latest filing Mar 31, 2026

First filing on the tape Jan 4, 2016 · 34 filings

SEC status approved since Jan 28, 2016

RAUM

$872M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

91%

$792M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$291M

derived; firm RAUM over IAPD count

Employees

3 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

34 filings and snapshots on the tape

RAUM$872M as of Mar 31, 2026

Mar 29, 2016$682M then

HNW client RAUM$761M as of Mar 31, 2026

Jan 17, 2018$630M then

State-registered IARs (5.B.3)3 as of Mar 31, 2026

Mar 29, 20163 then

Employees (5.A)7 as of Mar 31, 2026

Mar 29, 201610 then

Private funds: no history

RAUM +6.7% over the last fiscal year+15% a year over threeIARs 3 to 3offices 0 to 1

Practice profile

derived from the filing of Mar 31, 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

RAUM per advisor: $291MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 75derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $6.6MderivedHNW RAUM over HNW clients
Average account: $1.4MderivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 5.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 2.3derivedItem 5.A over advisors
Advisors per office: 1.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year: +6.7%derivedbetween the last two annual amendments
Advisor growth, one year: +0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year: -0.4%derived
Compensation: percentage of assetsreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
Custody: $609M, 313 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)
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$761M88%
Charitable organizations$35.8M4.2%
Individuals$30.6M3.6%
Corporations and businesses$25.7M3.0%
Pension and profit-sharing plans$7.8M0.9%

Individual clients: 109reported
HNW clients: 115reported
Pension plan clients: 2reported
Charitable clients: 7reported
Accounts: 620reported
Financial planning clients: 51-100reported
Wrap fee programs: noreported
Custody of client assets: $609M for 313 clientsreported
Compensation: % of AUMreported
Class basis: private_client_share=0.91 fund_share=0.0 institutional_share=0.05 related_bd=false related_bank=false bd_reps=0.0derived

Advisors registered through the firm

3 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Valerie Ann Thomas Ruth	Minneapolis, Mn	Aug 12, 2021	10 y	2
Jordan Marie EllingCertified Financial Planner	Minneapolis, Mn	May 10, 2023	11 y	1
Christopher Marcel Vernier	Minneapolis, Mn	Jan 1, 2026	12 y	1

Advisor movement

0 left, 1 joined in 12 months

net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months

Left, latest

Abbey Marlana Spoo to 808 Investments
Oct 22, 2024 · RIA to a state-registered adviser
Dale Miles Skogstad to Brighton Jones LLC
Jul 27, 2021 · RIA to RIA
Derek F Hagen to Fireside Financial
May 22, 2017 · Other

Joined, latest

Christopher Marcel Vernier from Marquette Asset Management
Jan 1, 2026 · Other
Jordan Marie Elling from Cliftonlarsonallen Wealth Advisors, LLC
May 10, 2023 · Affiliated broker-dealer or bank to independent RIA
Valerie Ann Thomas Ruth from Carlson Capital Management, LLC
Aug 12, 2021 · RIA to RIA
Dale Miles Skogstad from Cliftonlarsonallen Wealth Advisors, LLC
Sep 14, 2019 · Affiliated broker-dealer or bank to independent RIA
Abbey Marlana Spoo from Allodium Investment Consultants, LLC
Jan 11, 2018 · Other
Derek F Hagen from Marquette Asset Management
Mar 29, 2016 · Other

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

2 joined from Marquette Asset Management
Feb 5, 2016 · Minneapolis, Mn

Teams out Teams in

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Ann Valerie Thomas Ruth · Managing Directorcontrol
since 06/2022 · owns less than 5%
Marcel Christopher Vernier · Chief Compliance Officercontrol
since 01/2023 · owns 75% or more
Marcel Christopher Vernier · Owner And Managercontrol
since 08/2017 · owns 75% or more of Marquette Wealth Management, LLC

Entity owners

Marquette Wealth Management, LLC · 100% Owner
direct · owns 75% or more

Related persons

Schedule D 7.A

No related person reported.

Advisers that list Marquette Wealth Management as a related person

150826 n

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
Minneapolis, Mn · principal	3	1	0

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

ADV anomalies

2 against comparable advisers; where to look, not conclusions

very high RAUM per advisorStatic outlier · filing Mar 31, 2026
RAUM per registered advisor of $290,536,970 against a peer median of $106,309,121 (1261 comparable advisers, 99.0th percentile, 3.2 robust deviations)
peers: independent wealth managers, $500M to $1B (1,261) · 99% percentile
business activity changedChange between filings · filing Mar 31, 2026
pension consulting (Item 5.G.6): yes on the filing of 2025-05-06, no on the filing of 2026-03-31
peers: independent wealth managers, $500M to $1B (1,482)

How anomalies are measured

What changed

consecutive filings, newest first

Accounts · 701 to 620
May 6, 2025 to Mar 31, 2026
Advisory activities · 5 to 4
May 6, 2025 to Mar 31, 2026
Charity clients · 8 to 7
May 6, 2025 to Mar 31, 2026
HNW clients · 120 to 115
May 6, 2025 to Mar 31, 2026
Individual clients · 105 to 109
May 6, 2025 to Mar 31, 2026
Assets in custody · $553M to $609M
May 6, 2025 to Mar 31, 2026
Financial planning clients · 26-50 to 51-100
May 6, 2025 to Mar 31, 2026
Other offices · 0 to 1
May 6, 2025 to Mar 31, 2026
Discretionary RAUM · $817M to $872M
May 6, 2025 to Mar 31, 2026
HNW RAUM · $696M to $761M
May 6, 2025 to Mar 31, 2026
Individual RAUM · $44.7M to $30.6M
May 6, 2025 to Mar 31, 2026
Pension RAUM · $6.9M to $7.8M
May 6, 2025 to Mar 31, 2026
RAUM · $817M to $872M
May 6, 2025 to Mar 31, 2026
Financial planning clients · 26-50 to 26-50
Mar 31, 2025 to May 6, 2025
Accounts · 584 to 701
Oct 14, 2024 to Mar 31, 2025
Advisory employees · 2 to 3
Oct 14, 2024 to Mar 31, 2025
Charity clients · 10 to 8
Oct 14, 2024 to Mar 31, 2025
HNW clients · 121 to 120
Oct 14, 2024 to Mar 31, 2025
Individual clients · 94 to 105
Oct 14, 2024 to Mar 31, 2025
Pension plan clients · 3 to 2
Oct 14, 2024 to Mar 31, 2025
Assets in custody · $484M to $553M
Oct 14, 2024 to Mar 31, 2025
State-registered IARs · 1 to 3
Oct 14, 2024 to Mar 31, 2025
Discretionary RAUM · $712M to $817M
Oct 14, 2024 to Mar 31, 2025
HNW RAUM · $592M to $696M
Oct 14, 2024 to Mar 31, 2025
Individual RAUM · $35.9M to $44.7M
Oct 14, 2024 to Mar 31, 2025
Pension RAUM · $6.2M to $6.9M
Oct 14, 2024 to Mar 31, 2025
RAUM · $712M to $817M
Oct 14, 2024 to Mar 31, 2025
Advisory employees · 3 to 2
Mar 27, 2024 to Oct 14, 2024
Employees · 8 to 7
Mar 27, 2024 to Oct 14, 2024
State-registered IARs · 2 to 1
Mar 27, 2024 to Oct 14, 2024
Accounts · 502 to 584
Nov 29, 2023 to Mar 27, 2024
Corporate clients · 1 to 2
Nov 29, 2023 to Mar 27, 2024
Individual clients · 80 to 94
Nov 29, 2023 to Mar 27, 2024
Pension plan clients · 2 to 3
Nov 29, 2023 to Mar 27, 2024
Assets in custody · $369M to $484M
Nov 29, 2023 to Mar 27, 2024
Financial planning clients · 51-100 to 26-50
Nov 29, 2023 to Mar 27, 2024
Discretionary RAUM · $570M to $712M
Nov 29, 2023 to Mar 27, 2024
HNW RAUM · $402M to $592M
Nov 29, 2023 to Mar 27, 2024
Individual RAUM · $57.8M to $35.9M
Nov 29, 2023 to Mar 27, 2024
Pension RAUM · $42.5M to $6.2M
Nov 29, 2023 to Mar 27, 2024

Signals

12 dated events

Abbey Marlana Spoo left Marquette Wealth Management for 808 Investments (registered 2025-01-31)
Oct 22, 2024 · Advisor changed firm · fact
Marlana Abbey Spoo (Managing Director & Chief Investment Officer) no longer on Schedule A of Marquette Wealth Management (listed 2024-03-27, absent 2024-10-14)
Oct 14, 2024 · Control person left · inference
Marquette Wealth Management reported RAUM $569.9M, down 30% from $811.0M (2022-08-01 to 2023-01-31)
Jan 31, 2023 · RAUM change · derived
Kathryn Jean Gullikson (Managing Director - Chief Compliance Officer) no longer on Schedule A of Marquette Wealth Management (listed 2022-08-01, absent 2023-01-31)
Jan 31, 2023 · Control person left · inference
Peter James Tatera (Managing Director) no longer on Schedule A of Marquette Wealth Management (listed 2022-03-29, absent 2022-08-01)
Aug 1, 2022 · Control person left · inference
Miles Dale Skogstad (Senior Vice President) no longer on Schedule A of Marquette Wealth Management (listed 2021-03-23, absent 2021-08-11)
Aug 11, 2021 · Control person left · inference
Ann Valerie Thomas Ruth (Senior Vice President) appeared on Schedule A of Marquette Wealth Management
Aug 11, 2021 · Control person joined · fact
Jay Robert Rubenstein (Managing Director) no longer on Schedule A of Marquette Wealth Management (listed 2019-10-31, absent 2020-03-24)
Mar 24, 2020 · Control person left · inference
Miles Dale Skogstad (Senior Vice President) appeared on Schedule A of Marquette Wealth Management
Sep 13, 2019 · Control person joined · fact
Ann Wilczynski (Managing Director) no longer on Schedule A of Marquette Wealth Management (listed 2018-08-22, absent 2019-03-28)
Mar 28, 2019 · Control person left · inference
Marquette Asset Management reported succeeding to the business of Another Adviser (Form ADV Item 4)
Jan 4, 2016 · Succession (Item 4) · fact
Marquette Asset Management filed its initial SEC registration (Form ADV)
Jan 4, 2016 · First SEC registration · fact

Across DFX

shared identifiers only, never a name match

Marquette Wealth Management · Private Equity
shared crd · intermediary

How to reach

public business contact points only, each with its source

Business email: info@marquettewm.comreportedpublished by the firm, firm site, Sep 15, 2026
Business phone: 612-661-3770reportedpublished by the firm, firm site, Sep 15, 2026
Business phone: 866-661-3770reportedpublished by the firm, firm site, Sep 15, 2026
Website: MARQUETTEWM.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone: 612-661-3770reportedpublic record, Form ADV, Mar 31, 2026
Contact form: marquettewm.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
Team page: marquettewm.com/meet-the-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: $291Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026