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
Trailhead Planners, LLC
Latest filing Jul 6, 2026
First filing on the tape Nov 22, 2023 · 6 filings
SEC status approved since Jan 2, 2024
RAUM
$188M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$188M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$94.2M
derived; firm RAUM over IAPD count
Employees
4
3 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$188M as of Jul 6, 2026
Mar 20, 2024$119M then
HNW client RAUM$130M as of Jul 6, 2026
Mar 20, 2024$75.9M then
State-registered IARs (5.B.3)3 as of Jul 6, 2026
Mar 20, 20243 then
Employees (5.A)4 as of Jul 6, 2026
Mar 20, 20244 then
Private funds: no history
RAUM +26% over the last fiscal yearIARs 3 to 3
Practice profile
derived from the filing of Jul 6, 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
- 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
- $94.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 76derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.0MderivedHNW RAUM over HNW clients
- Average account
- $317,203derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +26%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +12%derived
- Compensation
- percentage of assets, hourly, 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
- High-net-worth individuals$130M69%
- Individuals$57.4M30%
- Corporations and businesses$788,3520.4%
- Individual clients
- 108reported
- HNW clients
- 43reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 594reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- 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
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Morgan Kent RanstromCertified Financial Planner, Chartered Financial Analyst | Edina, Mn | Feb 3, 2017 | 17 y | 1 |
| William Patrick MulvahillCertified Financial Planner | Edina, Mn | May 16, 2022 | 16 y | 2 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 50% of current headcount1 left over 36 months
Left, latest
- Courtney Elizabeth Ranstrom to Freedom Day Solutions, LLCMay 8, 2026 · RIA to RIA
Joined, latest
- William Patrick Mulvahill from Essential WealthMay 16, 2022 · Other
- Morgan Kent Ranstrom from Wealth Forward, LLCFeb 3, 2017 · Other
- Courtney Elizabeth Ranstrom from Wealth Forward, LLCOct 21, 2016 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Wealth Forward, LLCJul 8, 2017 · Fargo, Nd
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Patrick William Mulvahill · Managing Membercontrolsince 01/2020 · owns 25% to 50%
- Elizabeth Courtney Ranstrom · Managing Member And Chief Compliance Officercontrolsince 07/2016 · owns 25% to 50%
- Kent Morgan Ranstrom · Managing Membercontrolsince 07/2016 · owns 25% to 50%
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 |
|---|---|---|---|---|---|
| Edina, Mn · principal | 2 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Edina, MN2 employees
What changed
consecutive filings, newest first
- Accounts · 526 to 594Mar 6, 2025 to Jan 28, 2026
- HNW clients · 44 to 43Mar 6, 2025 to Jan 28, 2026
- Individual clients · 91 to 108Mar 6, 2025 to Jan 28, 2026
- HQ city · to EDINAMar 6, 2025 to Jan 28, 2026
- HQ state · to MNMar 6, 2025 to Jan 28, 2026
- Discretionary RAUM · $149M to $188MMar 6, 2025 to Jan 28, 2026
- HNW RAUM · $114M to $130MMar 6, 2025 to Jan 28, 2026
- Individual RAUM · $34.5M to $57.4MMar 6, 2025 to Jan 28, 2026
- Non-discretionary RAUM · $0 to $58,449Mar 6, 2025 to Jan 28, 2026
- RAUM · $149M to $188MMar 6, 2025 to Jan 28, 2026
- Accounts · 446 to 526Sep 10, 2024 to Mar 6, 2025
- HNW clients · 28 to 44Sep 10, 2024 to Mar 6, 2025
- Individual clients · 93 to 91Sep 10, 2024 to Mar 6, 2025
- Financial planning clients · 26-50 to 26-50Sep 10, 2024 to Mar 6, 2025
- HQ city · unset to Sep 10, 2024 to Mar 6, 2025
- HQ state · unset to Sep 10, 2024 to Mar 6, 2025
- Discretionary RAUM · $119M to $149MSep 10, 2024 to Mar 6, 2025
- HNW RAUM · $75.9M to $114MSep 10, 2024 to Mar 6, 2025
- Individual RAUM · $36.9M to $34.5MSep 10, 2024 to Mar 6, 2025
- RAUM · $119M to $149MSep 10, 2024 to Mar 6, 2025
- Accounts · 430 to 446Nov 22, 2023 to Mar 20, 2024
- Individual clients · 95 to 93Nov 22, 2023 to Mar 20, 2024
- Employees · 3 to 4Nov 22, 2023 to Mar 20, 2024
- Discretionary RAUM · $103M to $119MNov 22, 2023 to Mar 20, 2024
- HNW RAUM · $69.9M to $75.9MNov 22, 2023 to Mar 20, 2024
- Individual RAUM · $32.8M to $36.9MNov 22, 2023 to Mar 20, 2024
- RAUM · $103M to $119MNov 22, 2023 to Mar 20, 2024
Signals
2 dated events
- Courtney Elizabeth Ranstrom left Trailhead Planners, Llc for Freedom Day Solutions, Llc (registered 2026-06-01)May 8, 2026 · Advisor changed firm · fact
- Trailhead Planners, Llc filed its initial SEC registration (Form ADV)Nov 22, 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
- support@trailheadplanners.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 612-416-5615reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/trailhead-planners-llcreportedpublic record, Form ADV, Sep 18, 2026
- Website
- TRAILHEADPLANNERS.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 503-773-9682reportedpublic record, Form ADV, Jul 6, 2026
- Contact form
- trailheadplanners.com/contactreportedpublished 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
- $94.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026