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
C••••• F•••• I••••••••• M••••••••• L••
Latest filing Feb 11, 2026
First filing on the tape Dec 23, 2021 · 23 filings
SEC status approved since Jan 21, 2022
RAUM
$272M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
36%
$99.0M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$34.0M
derived; firm RAUM over IAPD count
Employees
16
6 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$272M as of Feb 11, 2026
Feb 1, 2022$126M then
HNW client RAUM$41.8M as of Feb 11, 2026
Feb 1, 2022$10.0M then
State-registered IARs (5.B.3)6 as of Feb 11, 2026
Feb 1, 20226 then
Employees (5.A)16 as of Feb 11, 2026
Feb 1, 202212 then
Private funds: no history
RAUM +47% over the last fiscal year+28% a year over threeIARs 7 to 6
Practice profile
derived from the filing of Feb 11, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $34.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 75derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $623,567derivedHNW RAUM over HNW clients
- Average account
- $172,329derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 4.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +47%derivedbetween the last two annual amendments
- Advisor growth, one year
- -14%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +2.2%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, otherreportedItem 5.G
- Financial planning clients
- 608reportedItem 5.H
- Wrap fee program
- $212MreportedItem 5.I
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$172M63%
- Individuals$57.3M21%
- High-net-worth individuals$41.8M15%
- Charitable organizations$1.1M0.4%
- Corporations and businesses$9,9910.0%
- Individual clients
- 529reported
- HNW clients
- 67reported
- Pension plan clients
- 0reported
- Charitable clients
- 9reported
- Accounts
- 1,578reported
- Financial planning clients
- 608reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.36 fund_share=0.63 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| D•••• F••••••• Z•••••• | West Bend, Wi | Jan 1, 2017 | 10 y | 0 |
| P••• Z•••••• | West Bend, Wi | Aug 16, 2019 | 10 y | 0 |
| J••••• W•••• K••••••Certified Financial Planner | West Bend, Wi | Sep 14, 2020 | 19 y | 2 |
| K•••• F••••• | West Bend, Wi | Nov 2, 2020 | 10 y | 0 |
| I•• T••••• M••••••• | Charlotte, Nc | Mar 11, 2022 | 14 y | 6 |
| B•••••• C••••• D•••••• | West Bend, Wi | Jan 16, 2024 | 14 y | 0 |
| C••• P•••••• M••••••• | West Bend, Wi | Oct 28, 2024 | 13 y | 0 |
| L•••• M• D•••••• | West Bend, Wi | Nov 7, 2025 | 16 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
- J•••• T••••• N•••••••• to C••• F•••••••• S•••••••• L•••May 15, 2023 · RIA to affiliated broker-dealer or bank
Joined, latest
- J••••• W•••• K•••••• from C••••• F•••• I••••••••• M••••••••• I•••Sep 14, 2020 · Other
- I•• T••••• M••••••• from S•••••• W••••• M••••••••• L••Jan 3, 2020 · RIA to RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- K••••••• J•••••• W•••• · Partner, Head Of Financial Planningcontrolsince 12/2015 · owns less than 5%
- Z••••••• D••••• F••••••• · Partner, Head Of Investment Strategy And Researchcontrolsince 03/2017 · owns less than 5%
- Z••••••• P••• · Managing Partner & Chief Compliance Officercontrolsince 03/2017 · owns less than 5%
- K••••••• J•••••• W•••• · Managing Membercontrolsince 12/2015 · owns 25% to 50% of R••• P•••• P•••••••• L••
- Z••••••• D•••• · Managing Membercontrolsince 12/2015 · owns 25% to 50% of R••• P•••• P•••••••• L••
- Z••••••• P••• · Managing Membercontrolsince 12/2015 · owns 25% to 50% of R••• P•••• P•••••••• L••
Entity owners
- R••• P•••• P•••••••• L•• · Managing Partnerdirect · owns 75% or more
Related persons
Schedule D 7.A
- C••••• F•••• I•••••••• S••••••• L••real estatey
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| West Bend, Wi · principal | 8 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Charlotte, NC1 employees
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- RAUM up 25 %Change between filings · filing Feb 11, 2026RAUM (Item 5.F) moved from $184,382,938 to $271,935,662 (+47.0%) between the annual amendments of 2025-03-07 and 2026-02-11; the peer median change was +15.0% (4550 comparable advisers, 95.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,550) · 95% percentile
- account count surgeChange between filings · filing Feb 11, 2026accounts (Item 5.F.2.f) moved from 583.0 to 1,578.0 (+171.0%) between the annual amendments of 2025-03-07 and 2026-02-11; the peer median change was +5.0% (3687 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,687) · 99% percentile
- c••••• mix shiftChange between filings · filing Feb 11, 2026private-client share of RAUM moved from 92.0% to 36.0% between the annual amendments of 2025-03-07 and 2026-02-11peers: independent wealth managers, $100M to $500M (5,676)
- HNW share shiftChange between filings · filing Feb 11, 2026HNW share of RAUM moved from 35.0% to 15.0% between the annual amendments of 2025-03-07 and 2026-02-11peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 1,391 to 1,578May 15, 2025 to Feb 11, 2026
- Charity clients · 2 to 9May 15, 2025 to Feb 11, 2026
- Corporate clients · 0 to 2May 15, 2025 to Feb 11, 2026
- HNW clients · 42 to 67May 15, 2025 to Feb 11, 2026
- Individual clients · 541 to 529May 15, 2025 to Feb 11, 2026
- Discretionary RAUM · $184M to $272MMay 15, 2025 to Feb 11, 2026
- HNW RAUM · $63.7M to $41.8MMay 15, 2025 to Feb 11, 2026
- Individual RAUM · $106M to $57.3MMay 15, 2025 to Feb 11, 2026
- RAUM · $184M to $272MMay 15, 2025 to Feb 11, 2026
- Accounts · 583 to 1,391Mar 7, 2025 to May 15, 2025
- Advisory employees · 7 to 6Mar 7, 2025 to May 15, 2025
- Employees · 17 to 16Mar 7, 2025 to May 15, 2025
- Financial planning clients · More than 500 to More than 500Mar 7, 2025 to May 15, 2025
- State-registered IARs · 7 to 6Mar 7, 2025 to May 15, 2025
- Accounts · 479 to 583Nov 8, 2024 to Mar 7, 2025
- Charity clients · 3 to 2Nov 8, 2024 to Mar 7, 2025
- HNW clients · 7 to 42Nov 8, 2024 to Mar 7, 2025
- Individual clients · 468 to 541Nov 8, 2024 to Mar 7, 2025
- Employees · 14 to 17Nov 8, 2024 to Mar 7, 2025
- Financial planning clients · 251-500 to More than 500Nov 8, 2024 to Mar 7, 2025
- Discretionary RAUM · $126M to $184MNov 8, 2024 to Mar 7, 2025
- HNW RAUM · $11.0M to $63.7MNov 8, 2024 to Mar 7, 2025
- Individual RAUM · $111M to $106MNov 8, 2024 to Mar 7, 2025
- RAUM · $126M to $184MNov 8, 2024 to Mar 7, 2025
- Other offices · 2 to 1Sep 4, 2024 to Nov 8, 2024
- Other offices · 3 to 2Jun 26, 2024 to Sep 4, 2024
- Advisory employees · 8 to 7Mar 25, 2024 to Apr 11, 2024
- Employees · 15 to 14Mar 25, 2024 to Apr 11, 2024
- State-registered IARs · 8 to 7Mar 25, 2024 to Apr 11, 2024
- Accounts · 478 to 479Aug 7, 2023 to Mar 25, 2024
- HNW clients · 15 to 7Aug 7, 2023 to Mar 25, 2024
- Individual clients · 462 to 468Aug 7, 2023 to Mar 25, 2024
- Discretionary RAUM · $128M to $126MAug 7, 2023 to Mar 25, 2024
- HNW RAUM · $26.0M to $11.0MAug 7, 2023 to Mar 25, 2024
- Individual RAUM · $101M to $111MAug 7, 2023 to Mar 25, 2024
- RAUM · $128M to $126MAug 7, 2023 to Mar 25, 2024
- Other offices · 2 to 3May 15, 2023 to Aug 7, 2023
- Advisory employees · 9 to 8Mar 21, 2023 to May 15, 2023
- Employees · 16 to 15Mar 21, 2023 to May 15, 2023
- State-registered IARs · 9 to 8Mar 21, 2023 to May 15, 2023
Signals
2 dated events
- J•••• T••••• N•••••••• left C••••• F•••• I••••••••• M••••••••• L•• for C••• F•••••••• S•••••••• L••• (registered 2023-06-13)May 15, 2023 · Advisor changed firm · fact
- C••••• F•••• I••••••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Dec 23, 2021 · ria f•••• adv filing · 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 phone
- 262-335-1700reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- linkedin.com/company/client-first-tax-and-wealth-advisorsreportedpublic record, Form ADV, Sep 18, 2026
- Website
- clientfirsttaxandwealth.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 262-335-1700reportedpublic record, Form ADV, Feb 11, 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $34.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026