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
R••••••••• P••••••• L••
Latest filing Jun 16, 2026
First filing on the tape Oct 15, 2019 · 27 filings
SEC status approved since Nov 14, 2019
RAUM
$661M
reported, Item 5.F
Discretionary
66%
of RAUM
Private clients
73%
$480M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$110M
derived; firm RAUM over IAPD count
Employees
11
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$661M as of Jun 16, 2026
Mar 30, 2020$596M then
HNW client RAUM$463M as of Jun 16, 2026
Mar 30, 2020$289M then
State-registered IARs (5.B.3)6 as of Jun 16, 2026
Mar 30, 20205 then
Employees (5.A)11 as of Jun 16, 2026
Mar 30, 20207 then
Private funds: no history
RAUM +10% over the last fiscal year-4.0% a year over threeIARs 6 to 6
Practice profile
derived from the filing of Jun 16, 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
- $110MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 27derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.3MderivedHNW RAUM over HNW clients
- Average account
- $1.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 66%derivedof RAUM
- Institutional
- 12%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.8derivedItem 5.A over advisors
- Advisors per office
- 6.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +10%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -4.7%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Custody
- $70.6M, 15 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)
- 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)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$463M70%
- Other investment advisers$104M16%
- Charitable organizations$76.7M12%
- Individuals$17.0M2.6%
- Corporations and businesses$492,3320.1%
- Individual clients
- 74reported
- HNW clients
- 87reported
- Pension plan clients
- n/areported
- Charitable clients
- 15reported
- Accounts
- 548reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- $0 sponsored, $7.2M managedreported
- Custody of client assets
- $70.6M for 15 clientsreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.73 fund_share=0.16 institutional_share=0.12 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M•••••• M•••••• D•••••• | Milwaukee, Wi | Oct 20, 2016 | 21 y | 1 |
| N••••• F••••••• | Milwaukee, Wi | Sep 17, 2018 | 10 y | 0 |
| A••• J••••••• P•••Chartered Financial Analyst | Milwaukee, Wi | Nov 14, 2019 | 19 y | 1 |
| J••• C••••• D••• | Milwaukee, Wi | Oct 15, 2021 | 12 y | 0 |
| B•••• J• G•••Certified Financial Planner | Milwaukee, Wi | May 1, 2024 | 23 y | 1 |
| E•••••••• A•• G••••••• | Milwaukee, Wi | Nov 19, 2024 | 12 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
- M•••••• H• D•••••••• to C••••••••• W•••••• L••Sep 6, 2017 · RIA to RIA
Joined, latest
- B•••• J• G••• from J•••••• W••••• I•••May 1, 2024 · RIA to RIA
- A••• J••••••• P••• from H•••••••• A•••••••• I•••Nov 14, 2019 · Other
- M•••••• H• D•••••••• from H•••••••• A•••••••• I•••Oct 21, 2016 · Other
- M•••••• M•••••• D•••••• from A•••••••• F•••• M••••••••• L••Oct 20, 2016 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- P•••• A•••• J••••••• · Member And Chief Investment Officercontrolsince 02/2016 · owns 25% to 50%
- P•••• L••••• L•••• · Membercontrolsince 05/2016 · owns 25% to 50%
- B•••••• C••••••• K•• · Chief Mindfulness Officersince 09/2019 · owns less than 5%
- D••••••• M••••••• M•••••• · Partnersince 06/2016 · owns less than 5%
- F••• K•••• S•••• · Partner And Director Of Researchsince 05/2024 · owns less than 5%
- P•••••• M••••• K•••• · Chief Compliance Officersince 09/2023 · owns less than 5%
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 |
|---|---|---|---|---|---|
| Milwaukee, Wi · principal | 6 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- discretionary share shiftChange between filings · filing Apr 27, 2026discretionary share of RAUM moved from 41.0% to 66.0% between the annual amendments of 2025-04-15 and 2026-04-27peers: independent wealth managers, $500M to $1B (1,482)
What changed
consecutive filings, newest first
- Accounts · 190 to 548Jan 8, 2026 to Mar 24, 2026
- Advisory employees · 7 to 8Jan 8, 2026 to Mar 24, 2026
- Charity clients · 13 to 15Jan 8, 2026 to Mar 24, 2026
- HNW clients · 101 to 87Jan 8, 2026 to Mar 24, 2026
- Individual clients · 68 to 74Jan 8, 2026 to Mar 24, 2026
- Assets in custody · $77.8M to $70.6MJan 8, 2026 to Mar 24, 2026
- Financial planning clients · 0 to 11-25Jan 8, 2026 to Mar 24, 2026
- Discretionary RAUM · $245M to $434MJan 8, 2026 to Mar 24, 2026
- HNW RAUM · $447M to $463MJan 8, 2026 to Mar 24, 2026
- Individual RAUM · $8.9M to $17.0MJan 8, 2026 to Mar 24, 2026
- Non-discretionary RAUM · $355M to $226MJan 8, 2026 to Mar 24, 2026
- RAUM · $600M to $661MJan 8, 2026 to Mar 24, 2026
- Wrap assets (manager) · $2.2M to $7.2MJan 8, 2026 to Mar 24, 2026
- Financial planning clients · 0 to 0Apr 15, 2025 to Oct 1, 2025
- Accounts · 545 to 190Jun 27, 2024 to Apr 15, 2025
- Advisory employees · 8 to 7Jun 27, 2024 to Apr 15, 2025
- Charity clients · 14 to 13Jun 27, 2024 to Apr 15, 2025
- HNW clients · 106 to 101Jun 27, 2024 to Apr 15, 2025
- Individual clients · 62 to 68Jun 27, 2024 to Apr 15, 2025
- Pension plan clients · 5.0 to unsetJun 27, 2024 to Apr 15, 2025
- Assets in custody · $77.1M to $77.8MJun 27, 2024 to Apr 15, 2025
- Employees · 12 to 11Jun 27, 2024 to Apr 15, 2025
- Financial planning clients · 26-50 to 0Jun 27, 2024 to Apr 15, 2025
- State-registered IARs · 7 to 6Jun 27, 2024 to Apr 15, 2025
- Discretionary RAUM · $160M to $245MJun 27, 2024 to Apr 15, 2025
- HNW RAUM · $431M to $447MJun 27, 2024 to Apr 15, 2025
- Individual RAUM · $8.0M to $8.9MJun 27, 2024 to Apr 15, 2025
- Non-discretionary RAUM · $712M to $355MJun 27, 2024 to Apr 15, 2025
- Pension RAUM · 347870250.0 to unsetJun 27, 2024 to Apr 15, 2025
- RAUM · $872M to $600MJun 27, 2024 to Apr 15, 2025
- Wrap assets (manager) · $548,476 to $2.2MJun 27, 2024 to Apr 15, 2025
- Accounts · 534 to 545Sep 20, 2023 to Mar 1, 2024
- Charity clients · 13 to 14Sep 20, 2023 to Mar 1, 2024
- Corporate clients · 1 to 2Sep 20, 2023 to Mar 1, 2024
- HNW clients · 113 to 106Sep 20, 2023 to Mar 1, 2024
- Individual clients · 68 to 62Sep 20, 2023 to Mar 1, 2024
- Assets in custody · $68.4M to $77.1MSep 20, 2023 to Mar 1, 2024
- Employees · 11 to 12Sep 20, 2023 to Mar 1, 2024
- Financial planning clients · 11-25 to 26-50Sep 20, 2023 to Mar 1, 2024
- Discretionary RAUM · $122M to $160MSep 20, 2023 to Mar 1, 2024
Signals
3 dated events
- R••••••••• P••••••• L•• reported RAUM $600.2M, down 31% from $871.7M (2024-06-27 to 2025-04-15)Apr 15, 2025 · RAUM change · derived
- R••••••••• P••••••• L•• reported RAUM $749.1M, up 26% from $595.9M (2020-10-23 to 2021-03-25)Mar 25, 2021 · RAUM change · derived
- R••••••••• P••••••• L•• filed its initial SEC registration (Form ADV)Oct 15, 2019 · 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.
How to reach
public business contact points only, each with its source
- Business phone
- 414-858-8000reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/riverwater-partners-llcreportedpublic record, Form ADV, Sep 18, 2026
- Website
- R•••••••••PARTNERS.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 414-858-8000reportedpublic record, Form ADV, Jun 16, 2026
- Contact form
- riverwaterpartners.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- riverwaterpartners.com/about-riverwater-milwaukee/our-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
- $110Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026