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

Xypn Sapphire

Independent wealth managerBozeman, MontanaCRD 285967SEC 801-118916websiteIAPD
Legal name Xy Investment Solutions, LLC
Latest filing Sep 16, 2026
First filing on the tape Jan 3, 2017 · 58 filings
SEC status approved since Jun 12, 2020
RAUM
$1.3B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
75%
$939M individuals and HNW
Advisors
64
registered through the firm on IAPD
RAUM per advisor
$19.6M
derived; firm RAUM over IAPD count
Employees
69
60 advisory (5.B.1)
Offices
39
beyond the principal office
Private funds
0
reported on Schedule D
History
58 filings and snapshots on the tape
RAUM$1.3B as of Aug 27, 2026
Mar 30, 2021$117M then
HNW client RAUM$301M as of Aug 27, 2026
Mar 30, 2021$0 then
State-registered IARs (5.B.3)0 as of Aug 27, 2026
Mar 30, 20213 then
Employees (5.A)69 as of Aug 27, 2026
Mar 30, 20215 then
Private funds: no history
RAUM +290% over the last fiscal year+131% a year over threeIARs 25 to 0offices 25 to 39
Practice profile
derived from the filing of Sep 16, 2026; every figure names its basis
Archetypes, each a printed rule
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
  • Multi-office growth platform · an independent wealth manager (not a wirehouse, national broker-dealer RIA or broker-dealer affiliated firm) with at least five offices, at least 50 advisors, and RAUM up at least 20 percent over the last annual amendment
RAUM per advisor
$19.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
11derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.7MderivedHNW RAUM over HNW clients
Average account
$294,105derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
8.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.1derivedItem 5.A over advisors
Advisors per office
1.6derived40 offices incl. principal (1.F.5)
RAUM growth, one year
+175%derivedbetween the last two annual amendments
Advisor growth, one year
-100%derivedItem 5.B.3 between annual amendments
Client growth, one year
+135%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, educational seminarsreportedItem 5.G
Custody
$1.3B, 787 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$638M51%
  • High-net-worth individuals$301M24%
  • Other investment advisers$210M17%
  • Pension and profit-sharing plans$97.5M7.8%
  • Charitable organizations$3.7M0.3%
  • Corporations and businesses$2.9M0.2%
Individual clients
539reported
HNW clients
182reported
Pension plan clients
14reported
Charitable clients
9reported
Accounts
4,262reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
$1.3B for 787 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.75 fund_share=0.17 institutional_share=0.08 related_bd= related_bank= bd_reps=0.0derived
Advisors registered through the firm
66 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
John Francis StojAtlanta, Ga Feb 6, 202010 y2
Ryan William JohnsonCertified Financial PlannerZeeland, Mi Feb 8, 202411 y1
Ronald Alan RhoadesCertified Financial PlannerBowling Green, Ky Jul 24, 202425 y9
Bradley Michael GriffithsWhittier, Ca Jul 31, 202412 y4
Derek Todd MerklerCertified Financial PlannerBozeman, Mt Aug 21, 202417 y2
Cherry Thi PhanChartered Financial AnalystAustin, Tx Nov 26, 202418 y1
Marianne PoonChartered Financial AnalystBozeman, Mt Dec 3, 202411 y1
Lindsey Carolyn YoungCertified Financial PlannerBaltimore, Md Dec 19, 202421 y1
David Harding BrownBozeman, Mt Dec 23, 202412 y2
Christopher Alan ArnoldCertified Financial PlannerUniversity City, Mo Dec 23, 202410 y2
Chris BrownCertified Financial PlannerBozeman, Mt Jan 7, 202516 y1
Wai Lim PoonChartered Financial AnalystBozeman, Mt Jan 8, 202510 y0
David William FrankCertified Financial PlannerBozeman, Mt Jan 12, 202525 y1
Stratton HarrisonCertified Financial PlannerChicago, Il Feb 14, 202510 y3
Taylor Michelle HainBozeman, MtFeb 26, 202510 y0
Andrew Michael AlmeidaCertified Financial Planner, Chartered Financial AnalystBozeman, Mt Mar 6, 202518 y5
Jeffrey David BaumgartnerCertified Financial PlannerBismark, Nd Mar 10, 202517 y0
Jason Robert LillyCertified Financial Planner, Chartered Financial AnalystBozeman, Mt Mar 13, 202527 y2
Bryan James GumCertified Financial PlannerMission, Ks Mar 24, 202513 y1
Erin Adele O'BrienCertified Financial PlannerBozeman, Mt Apr 28, 202525 y1
Johannes Carl FureCertified Financial PlannerBozeman, Mt May 1, 202537 y3
Tamie BallBozeman, Mt May 22, 202513 y2
Dallin Van WalkerRexburg, Id May 22, 202510 y1
Shana Elise BennettBozeman, Mt May 27, 202512 y1
Scott Michael MalbasaCertified Financial PlannerPortland, Or Jun 26, 202512 y2
Jesse Cole BiddleFort Payne, Al Jul 11, 202511 y0
Julian TrevesCertified Financial PlannerBozeman, Mt Jul 28, 202518 y2
Philip S GibsonCertified Financial PlannerBozeman, Mt Aug 8, 202512 y4
Cole Terrell SetzerBozeman, Mt Aug 8, 202515 y0
Tyler Patrick ConleyCertified Financial PlannerDes Moines, Ia Aug 18, 202513 y2
Eunsoo ChungCertified Financial Planner, Personal Financial SpecialistMillbrae, Ca Aug 28, 202513 y1
Steven MoffittCertified Financial PlannerBozeman, Mt Sep 5, 202512 y3
Kevin KennedyCertified Financial PlannerGreensboro, Nc Sep 5, 202510 y3
Mark Aaron Lee EversCertified Financial PlannerBozeman, Mt Sep 15, 202526 y8
Kimberly A BridgesCertified Financial PlannerBuckeye, Az Oct 9, 202517 y2
Patrick Gannon DiamondCertified Financial PlannerNorth Kingstown, Ri Oct 9, 202510 y1
Sean Alexander HummelCertified Financial PlannerBozeman, Mt Oct 22, 202511 y4
David LiegakosBozeman, Mt Nov 13, 202511 y2
Joseph Michael DunnChartered Financial AnalystNorman, Ok Nov 24, 202511 y1
Justin Carter PritchardCertified Financial PlannerBozeman, Mt Dec 2, 202526 y3
All 66 advisors at Xypn Sapphire
Advisor movement
2 left, 24 joined in 12 months
net +22 in 12 months0 left in 90 days7 joined in 90 daysdeparture rate 3.1% of current headcount8 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Michael Bradley Griffiths · Cco Xypn Sapphirecontrol
      since 06/2024 · owns less than 5%
    • Alan Robert Moore · President & Ceocontrol
      since 11/2016 · owns less than 5%
    • Suzette Jena Olney · Director Of Client Servicescontrol
      since 09/2023 · owns less than 5%
    • Robert Jeffrey Snodgrass · Managing Directorcontrol
      since 01/2022 · owns less than 5%
    • Ernest Michael Kitces · Managing Membercontrol
      since 02/2014 · owns 25% to 50% of Xy Planning Network LLC
    • Alan Robert Moore · Managing Membercontrol
      since 02/2014 · owns 50% to 75% of Xy Planning Network LLC
    Entity owners
    • Xy Planning Network LLC · Managing Member
      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
    Bozeman, Mt · principal64322
    Bowling Green, Ky200
    Greensboro, Nc200
    Los Angeles, Ca210
    Portland, Or210
    Raleigh, Nc110
    Saint Louis, Mo000
    Santa Monica, Ca000
    Worthington, Oh000
    Offices
    Schedule D 1.F, the 25 largest
    • Grand Rapids, MI1 employees
    • Saint Louis, MO1 employees
    • , 1 employees
    • Columbus, OH
    ADV anomalies
    13 against comparable advisers; where to look, not conclusions
    • control person changedChange between filings · filing Sep 2, 2026
      KITCES, MICHAEL, ERNEST (MANAGING MEMBER) left Schedule A between the filings of 2024-08-01 and 2026-09-02
      peers: independent wealth managers, $1B to $5B (1,360)
    • control person changedChange between filings · filing Sep 2, 2026
      OLNEY, JENA, SUZETTE (DIRECTOR OF CLIENT SERVICES) left Schedule A between the filings of 2024-08-01 and 2026-09-02
      peers: independent wealth managers, $1B to $5B (1,360)
    • control person changedChange between filings · filing Sep 2, 2026
      SNODGRASS, JEFFREY, ROBERT (MANAGING DIRECTOR) left Schedule A between the filings of 2024-08-01 and 2026-09-02
      peers: independent wealth managers, $1B to $5B (1,360)
    • institutional to wealth shiftCombination · filing Apr 29, 2026
      institutional share fell 15 points or more while private-client share rose 15 points or more. RAUM $321,042,677 to $881,503,781, advisors 25 to 0, private clients 264 to 621, offices 25 to 38 (2025-04-28 to 2026-04-29)
      peers: independent wealth managers, $1B to $5B (1,360)
    • client mix shiftChange between filings · filing Apr 29, 2026
      private-client share of RAUM moved from 50.0% to 74.0% between the annual amendments of 2025-04-28 and 2026-04-29
      peers: independent wealth managers, $1B to $5B (1,360)
    • client count surgeChange between filings · filing Apr 29, 2026
      individual and HNW clients (Item 5.D) moved from 264.0 to 621.0 (+135.0%) between the annual amendments of 2025-04-28 and 2026-04-29; the peer median change was +5.0% (1132 comparable advisers, 99.0th percentile of changes)
      peers: independent wealth managers, $1B to $5B (1,132) · 99% percentile
    • advisor count dropChange between filings · filing Apr 29, 2026
      advisory representatives (Item 5.B.3) moved from 25.0 to 0.0 (-100.0%) between the annual amendments of 2025-04-28 and 2026-04-29; the peer median change was 0.0% (999 comparable advisers, 0.0th percentile of changes)
      peers: independent wealth managers, $1B to $5B (999) · 0.0% percentile
    • account count surgeChange between filings · filing Apr 29, 2026
      accounts (Item 5.F.2.f) moved from 2,539.0 to 3,921.0 (+54.0%) between the annual amendments of 2025-04-28 and 2026-04-29; the peer median change was +6.0% (1206 comparable advisers, 93.0th percentile of changes)
      peers: independent wealth managers, $1B to $5B (1,206) · 93% percentile
    • employee count surgeChange between filings · filing Apr 29, 2026
      employees (Item 5.A) moved from 26.0 to 64.0 (+146.0%) between the annual amendments of 2025-04-28 and 2026-04-29; the peer median change was +4.0% (1050 comparable advisers, 100.0th percentile of changes)
      peers: independent wealth managers, $1B to $5B (1,050) · 100% percentile
    • HNW share shiftChange between filings · filing Apr 29, 2026
      HNW share of RAUM moved from 24.0% to 52.0% between the annual amendments of 2025-04-28 and 2026-04-29
      peers: independent wealth managers, $1B to $5B (1,360)
    • institutional asset share shiftChange between filings · filing Apr 29, 2026
      institutional share of RAUM moved from 50.0% to 26.0% between the annual amendments of 2025-04-28 and 2026-04-29
      peers: independent wealth managers, $1B to $5B (1,360)
    • office count surgeChange between filings · filing Apr 29, 2026
      offices other than the principal office (Item 1.F.5) moved from 25.0 to 38.0 (+52.0%) between the annual amendments of 2025-04-28 and 2026-04-29; the peer median change was 0.0% (379 comparable advisers, 95.0th percentile of changes)
      peers: independent wealth managers, $1B to $5B (379) · 95% percentile
    • RAUM up 50 %Change between filings · filing Apr 29, 2026
      RAUM (Item 5.F) moved from $321,042,677 to $881,503,781 (+175.0%) between the annual amendments of 2025-04-28 and 2026-04-29; the peer median change was +17.0% (1297 comparable advisers, 99.0th percentile of changes)
      peers: independent wealth managers, $1B to $5B (1,297) · 99% percentile
    What changed
    consecutive filings, newest first
    • Financial planning clients · 51-100 to 51-100
      Aug 27, 2026 to Sep 2, 2026
    • Related adviser · false to unset
      Aug 27, 2026 to Sep 2, 2026
    • Related bank · false to unset
      Aug 27, 2026 to Sep 2, 2026
    • Related broker-dealer · false to unset
      Aug 27, 2026 to Sep 2, 2026
    • Related insurance company · false to unset
      Aug 27, 2026 to Sep 2, 2026
    • Succession · false to unset
      Aug 27, 2026 to Sep 2, 2026
    • Accounts · 3,921 to 4,262
      Jun 22, 2026 to Aug 27, 2026
    • Advisory employees · 56 to 60
      Jun 22, 2026 to Aug 27, 2026
    • Business name · XYPN INVEST to XYPN SAPPHIRE
      Jun 22, 2026 to Aug 27, 2026
    • Charity clients · 7 to 9
      Jun 22, 2026 to Aug 27, 2026
    • HNW clients · 156 to 182
      Jun 22, 2026 to Aug 27, 2026
    • Individual clients · 465 to 539
      Jun 22, 2026 to Aug 27, 2026
    • Pension plan clients · 13 to 14
      Jun 22, 2026 to Aug 27, 2026
    • Assets in custody · $881M to $1.3B
      Jun 22, 2026 to Aug 27, 2026
    • Employees · 65 to 69
      Jun 22, 2026 to Aug 27, 2026
    • Other offices · 38 to 39
      Jun 22, 2026 to Aug 27, 2026
    • Discretionary RAUM · $881M to $1.3B
      Jun 22, 2026 to Aug 27, 2026
    • HNW RAUM · $454M to $301M
      Jun 22, 2026 to Aug 27, 2026
    • Individual RAUM · $196M to $638M
      Jun 22, 2026 to Aug 27, 2026
    • Non-discretionary RAUM · $666,464 to $3.0M
      Jun 22, 2026 to Aug 27, 2026
    • Pension RAUM · $8.6M to $97.5M
      Jun 22, 2026 to Aug 27, 2026
    • RAUM · $882M to $1.3B
      Jun 22, 2026 to Aug 27, 2026
    • Advisory employees · 55 to 56
      May 29, 2026 to Jun 22, 2026
    • Insurance-licensed employees · 0 to 1
      May 29, 2026 to Jun 22, 2026
    • Advisory employees · 54 to 55
      Apr 29, 2026 to May 29, 2026
    • Employees · 64 to 65
      Apr 29, 2026 to May 29, 2026
    • Advisory employees · 51 to 54
      Mar 25, 2026 to Apr 29, 2026
    • Employees · 55 to 64
      Mar 25, 2026 to Apr 29, 2026
    • Accounts · 3,774 to 3,921
      Feb 5, 2026 to Mar 25, 2026
    • Advisory employees · 34 to 51
      Feb 5, 2026 to Mar 25, 2026
    • Advisory activities · 3 to 4
      Feb 5, 2026 to Mar 25, 2026
    • Charity clients · 0 to 7
      Feb 5, 2026 to Mar 25, 2026
    • Corporate clients · 0 to 9
      Feb 5, 2026 to Mar 25, 2026
    • HNW clients · 148 to 156
      Feb 5, 2026 to Mar 25, 2026
    • Individual clients · 480 to 465
      Feb 5, 2026 to Mar 25, 2026
    • Pension plan clients · 0 to 13
      Feb 5, 2026 to Mar 25, 2026
    • Assets in custody · $882M to $881M
      Feb 5, 2026 to Mar 25, 2026
    • Employees · 36 to 55
      Feb 5, 2026 to Mar 25, 2026
    • Insurance-licensed employees · 1 to 0
      Feb 5, 2026 to Mar 25, 2026
    • State-registered IARs · 34 to 0
      Feb 5, 2026 to Mar 25, 2026
    Signals
    27 dated events
    • Wai Lim Poon no longer holds an investment adviser registration (last listed at Xypn Sapphire on the 2026-09-14 feed)
      Sep 14, 2026 · Advisor registration ended · derived
    • Cherry Thi Phan no longer holds an investment adviser registration (last listed at Xypn Sapphire on the 2026-09-14 feed)
      Sep 14, 2026 · Advisor registration ended · derived
    • Xypn Sapphire reported RAUM $1.3B, up 42% from $881.5M (2026-06-22 to 2026-08-27)
      Aug 27, 2026 · RAUM change · derived
    • Anton Fawver Madsen left Xypn Sapphire for Stone Steps Financial, Llc (registered 2026-02-10)
      Jun 9, 2026 · Advisor changed firm · fact
    • Mario Joseph Pizzamiglio left Xypn Sapphire for Ardent Guardian Wealth Advisory, Llc (registered 2026-04-01)
      Apr 1, 2026 · Advisor changed firm · fact
    • Xypn Sapphire reported 38 offices beyond its principal office, up from 27 (2026-02-05 to 2026-03-25)
      Mar 25, 2026 · Office count change · derived
    • Xypn Sapphire reported 0 state-registered advisory representatives, down from 34 (2026-02-05 to 2026-03-25)
      Mar 25, 2026 · Advisor headcount change · derived
    • Xypn Sapphire reported RAUM $881.5M, up 175% from $321.0M (2025-12-03 to 2026-01-23)
      Jan 23, 2026 · RAUM change · derived
    • 2 advisors left Concurrent Wealth Management (Houston, TX) for Xypn Sapphire on the same day
      Nov 5, 2025 · Team lift-out · derived
    • 2 advisors left Strategic Advisers LLC (Boston, MA) for Xypn Sapphire on the same day
      Oct 15, 2025 · Team lift-out · derived
    • Charles Michael Feehely left Xypn Sapphire for Valor Wealth Partners (registered 2025-08-05)
      Aug 15, 2025 · Advisor changed firm · fact
    • Bryan Wilczewski left Xypn Sapphire for Park Avenue Securities Llc (registered 2025-06-03)
      May 15, 2025 · Advisor changed firm · fact
    • Xypn Sapphire reported RAUM $321.0M, up 141% from $133.3M (2025-03-03 to 2025-04-28)
      Apr 28, 2025 · RAUM change · derived
    • Xypn Sapphire reported 25 offices beyond its principal office, up from 17 (2025-03-03 to 2025-04-28)
      Apr 28, 2025 · Office count change · derived
    • Xypn Sapphire reported 25 state-registered advisory representatives, up from 15 (2025-03-03 to 2025-04-28)
      Apr 28, 2025 · Advisor headcount change · derived
    • Melody Brady left Xypn Sapphire for Nectarine (registered 2025-01-13)
      Apr 1, 2025 · Advisor changed firm · fact
    • Patricia Michelleheaton Parker left Xypn Sapphire for Accurate Wealth Management, Llc (registered 2025-08-07)
      Mar 6, 2025 · Advisor changed firm · fact
    • Jeffrey Robert Snodgrass left Xypn Sapphire for Wedmont Private Capital (registered 2026-01-30)
      Mar 3, 2025 · Advisor changed firm · fact
    • Samantha Wendy Silberstein left Xypn Sapphire for Motley Fool Wealth Management, Llc (registered 2024-12-18)
      Dec 17, 2024 · Advisor changed firm · fact
    • Suzette Jena Olney (Director Of Client Services) appeared on Schedule A of Xypn Sapphire
      Mar 31, 2024 · Control person joined · fact
    • Thomas Dekari Kerney left Xypn Sapphire for Cooper Financial Services, Inc. (registered 2024-01-04)
      Jan 18, 2022 · Advisor changed firm · fact
    • Dekari Thomas Kerney (Senior Director) no longer on Schedule A of Xypn Sapphire (listed 2022-01-07, absent 2022-01-18)
      Jan 18, 2022 · Control person left · inference
    • Robert Jeffrey Snodgrass (Director, Cco & Orion Specialist) appeared on Schedule A of Xypn Sapphire
      Jan 7, 2022 · Control person joined · fact
    • Lisa Asher (Managing Director, Chief Compliance Officer) no longer on Schedule A of Xypn Sapphire (listed 2020-12-10, absent 2021-02-23)
      Feb 23, 2021 · Control person left · inference
    • Dekari Thomas Kerney (Senior Director & Chief Compliance Officer) appeared on Schedule A of Xypn Sapphire
      Feb 23, 2021 · Control person joined · fact
    • Lisa Asher (Managing Director, Chief Compliance Officer) appeared on Schedule A of Xypn Sapphire
      May 14, 2020 · Control person joined · fact
    • Xy Investment Solutions, Llc filed its initial SEC registration (Form ADV)
      Jan 3, 2017 · 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
    Firm profile
    linkedin.com/company/hundredfpreportedpublic record, Form ADV, Sep 17, 2026
    Firm profile
    linkedin.com/company/xy-investment-solutionsreportedpublic record, Form ADV, Sep 17, 2026
    Website
    xypnsapphire.comreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    (360) 301-7579reportedpublic record, Form ADV, 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
    $19.6Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026