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

F••• F•••••••• M•••••••••

Independent wealth managerAnn Arbor, MichiganCRD 284251SEC 801-129305websiteIAPD
Legal name M•••••• K•••••• B•••••••• A•• F••••••• L••
Latest filing Mar 18, 2026
First filing on the tape Dec 6, 2023 · 6 filings
SEC status approved since Jan 25, 2024
RAUM
$163M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$163M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$27.1M
derived; firm RAUM over IAPD count
Employees
7
6 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
6 filings and snapshots on the tape
RAUM$163M as of Mar 18, 2026
Mar 22, 2024$120M then
HNW client RAUM$82.4M as of Mar 18, 2026
Mar 22, 2024$83.7M then
State-registered IARs (5.B.3)6 as of Mar 18, 2026
Mar 22, 20246 then
Employees (5.A)7 as of Mar 18, 2026
Mar 22, 20246 then
Private funds: no history
RAUM +9.8% over the last fiscal yearIARs 6 to 6
Practice profile
derived from the filing of Mar 18, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$27.1MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
59derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.0MderivedHNW RAUM over HNW clients
Average account
$271,092derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.2derivedItem 5.A over advisors
Advisors per office
3.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+9.8%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+5.1%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Wrap fee program
$163MreportedItem 5.I
Custody
$13.2M, 10 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
  • is an insurance broker or agent (6.A.6)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$82.4M51%
  • Individuals$80.2M49%
Individual clients
312reported
HNW clients
41reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
600reported
Financial planning clients
1-10reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$13.2M for 10 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=6.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
S•••••• M••••• M•••••Ann Arbor, MiOct 21, 201641 y1
M•••••• T••••• K•••••Ann Arbor, MiOct 21, 201627 y0
D•••• L•••• F••••••Ann Arbor, MiOct 25, 201625 y1
A••• J•••• B••••••••Ann Arbor, MiOct 25, 201627 y0
C•••• S•••••• W••••Ann Arbor, MiJul 12, 202224 y2
C••••••• R•••••• S••••Charlotte, Nc Feb 13, 202512 y0
Advisor movement
0 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • B••••••••• A•••• J•••• · Managing Member/Shareholdercontrol
    since 06/2016 · owns 25% to 50%
  • F••••••• D••••• L•••• · Member/Cco/Shareholdercontrol
    since 06/2016 · owns 25% to 50%
  • K•••••• M••••••• T••••• · Member/Shareholdercontrol
    since 06/2016 · owns 25% to 50%
  • M•••••• S••••••• M••••• · Member/Shareholdercontrol
    since 06/2016 · owns 25% to 50%
Related persons
Schedule D 7.A
  • A••• B••••••••
    broker-dealerinvestment adviserinsurancereal estatey
  • D•••• F••••••
    broker-dealerinvestment adviserinsurancereal estatey
  • F••• F•••••••• T•• S•••••••
    insurancen
  • P••••••
    investment advisernRAUM $76.5M
  • M•••••• T• K•••••
    broker-dealerinvestment adviserinsurancereal estatey
  • S•••••• M• M•••••
    broker-dealerinvestment adviserinsurancereal estatey
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Ann Arbor, Mi · principal600
Offices
Schedule D 1.F, the 25 largest
  • , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • HNW share shiftChange between filings · filing Mar 18, 2026
    HNW share of RAUM moved from 80.0% to 51.0% between the annual amendments of 2025-02-25 and 2026-03-18
    peers: independent wealth managers, $100M to $500M (5,678)
What changed
consecutive filings, newest first
  • Accounts · 575 to 600
    Feb 25, 2025 to Mar 18, 2026
  • HNW clients · 52 to 41
    Feb 25, 2025 to Mar 18, 2026
  • Individual clients · 284 to 312
    Feb 25, 2025 to Mar 18, 2026
  • Employees · 6 to 7
    Feb 25, 2025 to Mar 18, 2026
  • Discretionary RAUM · $148M to $163M
    Feb 25, 2025 to Mar 18, 2026
  • HNW RAUM · $118M to $82.4M
    Feb 25, 2025 to Mar 18, 2026
  • Individual RAUM · $30.2M to $80.2M
    Feb 25, 2025 to Mar 18, 2026
  • RAUM · $148M to $163M
    Feb 25, 2025 to Mar 18, 2026
  • Accounts · 566 to 575
    Aug 2, 2024 to Feb 25, 2025
  • HNW clients · 41 to 52
    Aug 2, 2024 to Feb 25, 2025
  • Individual clients · 289 to 284
    Aug 2, 2024 to Feb 25, 2025
  • Assets in custody · unset to 13239434.0
    Aug 2, 2024 to Feb 25, 2025
  • Custody of client assets · false to true
    Aug 2, 2024 to Feb 25, 2025
  • Financial planning clients · 1-10 to 1-10
    Aug 2, 2024 to Feb 25, 2025
  • Discretionary RAUM · $120M to $148M
    Aug 2, 2024 to Feb 25, 2025
  • HNW RAUM · $83.7M to $118M
    Aug 2, 2024 to Feb 25, 2025
  • Individual RAUM · $36.1M to $30.2M
    Aug 2, 2024 to Feb 25, 2025
  • RAUM · $120M to $148M
    Aug 2, 2024 to Feb 25, 2025
  • Wrap assets (sponsor) · $500,000 to $0
    Aug 2, 2024 to Feb 25, 2025
  • Other offices · 0 to 1
    Mar 22, 2024 to Aug 2, 2024
  • Accounts · 567 to 566
    Jan 24, 2024 to Mar 22, 2024
  • HNW clients · 35 to 41
    Jan 24, 2024 to Mar 22, 2024
  • Individual clients · 310 to 289
    Jan 24, 2024 to Mar 22, 2024
  • Assets in custody · 20008038.0 to unset
    Jan 24, 2024 to Mar 22, 2024
  • Discretionary RAUM · $115M to $120M
    Jan 24, 2024 to Mar 22, 2024
  • HNW RAUM · $34.8M to $83.7M
    Jan 24, 2024 to Mar 22, 2024
  • Individual RAUM · $79.8M to $36.1M
    Jan 24, 2024 to Mar 22, 2024
  • RAUM · $115M to $120M
    Jan 24, 2024 to Mar 22, 2024
  • Wrap assets (sponsor) · $400,000 to $500,000
    Jan 24, 2024 to Mar 22, 2024
Signals
1 dated events
  • F••• F•••••••• M••••••••• filed its initial SEC registration (Form ADV)
    Dec 6, 2023 · 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 email
info@fourfinancial.comreportedpublished by the firm, firm site, Sep 17, 2026
Business phone
734-272-4322reportedpublished by the firm, firm site, Sep 17, 2026
Business phone
734-369-3037reportedpublished by the firm, firm site, Sep 17, 2026
Website
F•••FINANCIAL.COMreportedpublic record, Form ADV, Sep 19, 2026
Principal office phone
734-272-4322reportedpublic record, Form ADV, Mar 18, 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
$27.1Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026