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

Fra Wealth Management LLC

Independent wealth managerO'Fallon, IllinoisCRD 284020SEC 801-132681websiteIAPD
Latest filing Aug 25, 2026
First filing on the tape Apr 23, 2025 · 4 filings
SEC status approved since May 8, 2025
RAUM
$113M
reported, Item 5.F
Discretionary
78%
of RAUM
Private clients
100%
$113M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$18.8M
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
4 filings and snapshots on the tape
RAUM$113M as of Aug 25, 2026
Apr 23, 2025$100M then
HNW client RAUM$24.6M as of Aug 25, 2026
Apr 23, 2025$26.9M then
State-registered IARs (5.B.3)1 as of Aug 25, 2026
Apr 23, 20251 then
Employees (5.A)2 as of Aug 25, 2026
Apr 23, 20252 then
Private funds: no history
RAUM +13% over the last fiscal yearIARs 1 to 1
Practice profile
derived from the filing of Aug 25, 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
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
RAUM per advisor
$18.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
152derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.1MderivedHNW RAUM over HNW clients
Average account
$118,570derivedRAUM over accounts (5.F.2.f)
Discretionary
78%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
0.3derivedItem 5.A over advisors
Advisors per office
6.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+13%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+60%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$88.2M78%
  • High-net-worth individuals$24.6M22%
Individual clients
902reported
HNW clients
8reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
951reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Joseph Montagu RoosevansCertified Financial Planner, Chartered Financial ConsultantO'Fallon, IlOct 28, 201640 y1
Michael Lynn NicholsO'Fallon, IlMay 19, 202512 y2
Luke Anthony CurtisO'Fallon, Il Oct 27, 202513 y0
David Lee KurtzO'Fallon, Il Dec 18, 202514 y0
Nicholas William WaeckerleBrentwood, Mo Feb 25, 202613 y0
Timothy Mark James DewO'Fallon, IlApr 17, 202612 y0
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 17% of current headcount2 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Sue Christy Hennessey · Chief Compliance Officercontrol
    since 06/2024 · owns less than 5%
Entity owners
  • Paragon Trust · Owner/Manager Executive Officer
    direct · 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
OfficeAdvisorsJoinedLeftTeams outForming
Ofallon, Il641
Brentwood, Mo220
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • client count surgeChange between filings · filing Mar 31, 2026
    individual and HNW clients (Item 5.D) moved from 568.0 to 910.0 (+60.0%) between the annual amendments of 2025-04-23 and 2026-03-31; the peer median change was +3.0% (3310 comparable advisers, 98.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (3,310) · 98% percentile
  • discretionary share shiftChange between filings · filing Mar 31, 2026
    discretionary share of RAUM moved from 100.0% to 78.0% between the annual amendments of 2025-04-23 and 2026-03-31
    peers: independent wealth managers, $100M to $500M (5,676)
How anomalies are measured
What changed
consecutive filings, newest first
  • Accounts · 735 to 951
    Apr 23, 2025 to Mar 31, 2026
  • HNW clients · 10 to 8
    Apr 23, 2025 to Mar 31, 2026
  • Individual clients · 558 to 902
    Apr 23, 2025 to Mar 31, 2026
  • Discretionary RAUM · $100M to $88.2M
    Apr 23, 2025 to Mar 31, 2026
  • HNW RAUM · $26.9M to $24.6M
    Apr 23, 2025 to Mar 31, 2026
  • Individual RAUM · $73.1M to $88.2M
    Apr 23, 2025 to Mar 31, 2026
  • Non-discretionary RAUM · $0 to $24.5M
    Apr 23, 2025 to Mar 31, 2026
  • RAUM · $100M to $113M
    Apr 23, 2025 to Mar 31, 2026
Signals
2 dated events
  • Christy Sue Hennessey left Fra Wealth Management LLC for Wells Fargo Advisors (registered 2026-09-16)
    Aug 19, 2026 · Advisor changed firm · fact
  • Jeffrey Thomas Bone left Fra Wealth Management Llc for Independent Wealth Network, Inc. (registered 2025-06-25)
    Jun 19, 2025 · Advisor changed firm · 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
Principal office phone
888-915-0930reportedpublic record, Form ADV, Aug 25, 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
$18.8Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026