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
Independent Wealth Network, Inc.
Latest filing Mar 30, 2026
First filing on the tape May 2, 2017 · 53 filings
SEC status approved since Jun 1, 2017
RAUM
$518M
reported, Item 5.F
Discretionary
85%
of RAUM
Private clients
95%
$491M individuals and HNW
Advisors
34
registered through the firm on IAPD
RAUM per advisor
$15.2M
derived; firm RAUM over IAPD count
Employees
37
30 advisory (5.B.1)
Offices
19
beyond the principal office
Private funds
0
reported on Schedule D
History
53 filings and snapshots on the tape
RAUM$518M as of Mar 30, 2026
Mar 30, 2018$55.9M then
HNW client RAUM$291M as of Mar 30, 2026
Mar 30, 2018$16.0M then
State-registered IARs (5.B.3)30 as of Mar 30, 2026
Mar 30, 201812 then
Employees (5.A)37 as of Mar 30, 2026
Mar 30, 201812 then
Private funds: no history
RAUM +23% over the last fiscal year+21% a year over threeIARs 25 to 30offices 16 to 19
Practice profile
derived from the filing of Mar 30, 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
- RAUM per advisor
- $15.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 43derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.1MderivedHNW RAUM over HNW clients
- Average account
- $179,930derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 85%derivedof RAUM
- Institutional
- 5.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.1derivedItem 5.A over advisors
- Advisors per office
- 1.7derived20 offices incl. principal (1.F.5)
- RAUM growth, one year
- +23%derivedbetween the last two annual amendments
- Advisor growth, one year
- +20%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +6.8%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
- Wrap fee program
- $81.9MreportedItem 5.I
- Custody
- $128M, 495 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)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$291M56%
- Individuals$200M39%
- Pension and profit-sharing plans$25.3M4.9%
- Charitable organizations$1.5M0.3%
- Corporations and businesses$872,5780.2%
- Individual clients
- 1,183reported
- HNW clients
- 262reported
- Pension plan clients
- 10reported
- Charitable clients
- 1reported
- Accounts
- 2,881reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- $81.9M sponsored, $0 managedreported
- Custody of client assets
- $128M for 495 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.95 fund_share=0.0 institutional_share=0.05 related_bd=false related_bank=false bd_reps=9.0derived
Advisors registered through the firm
34 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Arthur Lawrence DinkinCertified Financial Planner | Urbandale, Ia | Aug 29, 2017 | 28 y | 3 |
| Andrew Gregory Endelman | Urbandale, Ia | Sep 11, 2017 | 13 y | 1 |
| Nancy Selena Bullock-Swanson | Phoenix, Az | Sep 11, 2017 | 21 y | 1 |
| Ross Charles Bonifield | Phoenix, Az | Sep 15, 2017 | 28 y | 4 |
| Jeffrey Lawrence Zupancic | Urbandale, Ia | Sep 15, 2017 | 32 y | 2 |
| James Michael PoindexterCertified Financial Planner, Chartered Financial Consultant | Prescott, Az | Oct 4, 2017 | 38 y | 4 |
| Donald F Rosalez | Urbandale, Ia | Oct 16, 2017 | 37 y | 1 |
| Enrique Hernandez | Urbandale, Ia | Oct 18, 2017 | 25 y | 3 |
| Michael Alan RodgersCertified Financial Planner | Urbandale, Ia | Nov 30, 2017 | 10 y | 1 |
| James Edward BeyChartered Financial Consultant | Downers Grove, Il | Dec 8, 2017 | 30 y | 4 |
| Erik R Holt | Frederick, Md | Jan 2, 2018 | 22 y | 4 |
| Russell John Kramer | Grimes, Ia | Aug 23, 2018 | 25 y | 1 |
| David Linton Rigg | Sanger, Tx | Aug 31, 2018 | 27 y | 1 |
| Gary Wayne Bilyeu | Urbandale, Ia | Sep 4, 2018 | 33 y | 1 |
| Kathleen Marie Williams-Price | Lubblock, Tx | Sep 18, 2018 | 32 y | 6 |
| Charles Garrett Morgan | Lubbock, Tx | Sep 25, 2018 | 19 y | 2 |
| Steven Brant Collier | Urbandale, Ia | Oct 16, 2019 | 10 y | 1 |
| Scott Allan Mccord | Urbandale, Ia | Jun 8, 2020 | 19 y | 3 |
| Scott T Etzel | Clear Lake, Ia | Nov 3, 2020 | 18 y | 3 |
| Timothy J Oberley | Urbandale, Ia | Feb 17, 2021 | 25 y | 2 |
| Jared Benjamin Kramer | Grimes, Ia | Jun 29, 2021 | 13 y | 0 |
| Stephen Alexander Gilchrist | Urbandale, Ia | Feb 17, 2022 | 13 y | 3 |
| Ryan Thomas Timmins | Frederick, Md | Oct 3, 2022 | 12 y | 0 |
| Zachary D Ross | Morristown, Nj | Jun 28, 2024 | 13 y | 7 |
| Kristoffer Edou Doura | Urbandale, Ia | Apr 30, 2025 | 11 y | 1 |
| Jeffrey Thomas BoneCertified Financial Planner | Urbandale, Ia | Jun 25, 2025 | 14 y | 4 |
| Grayeson Thomas Griess | Urbandale, Ia | Jul 29, 2025 | 12 y | 1 |
| Ronald T Swanick | Urbandale, Ia | Oct 21, 2025 | 31 y | 5 |
| Connor Rigg | Sanger, Tx | Jan 12, 2026 | 10 y | 0 |
| Timothy Mark Stoleson | Urbandale, Ia | Mar 11, 2026 | 10 y | 0 |
| Mark ChalemCertified Financial Planner | Urbandale, Ia | May 4, 2026 | 10 y | 1 |
| Sean Michael Facey | Urbandale, Ia | May 20, 2026 | 23 y | 3 |
| Jeremiah Luke Tucker | Urbandale, Ia | Jul 21, 2026 | 12 y | 2 |
| Robert John Irish | Urbandale, Ia | Sep 11, 2026 | 12 y | 0 |
Advisor movement
1 left, 4 joined in 12 months
net +3 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 2.9% of current headcount2 left over 36 months
Left, latest
- Kristina K Dahl to Sunburst Financial Management LLCJan 2, 2026 · RIA to a state-registered adviser
- Erik Blase to Beacon Capital Management, Inc.Nov 16, 2023 · RIA to RIA
- Patrick Owens to Sorrento Pacific Financial, LLCMar 16, 2023 · RIA to affiliated broker-dealer or bank
- Taylor Harrison Embury to Alliant Wealth AdvisorsApr 6, 2018 · RIA to RIA
Joined, latest
- Jeremiah Luke Tucker from Charles Schwab & Co., Inc.Jul 21, 2026 · Affiliated broker-dealer or bank to independent RIA
- Sean Michael Facey from Fisher InvestmentsMay 20, 2026 · RIA to RIA
- Mark Chalem from Edward JonesMay 4, 2026 · Affiliated broker-dealer or bank to independent RIA
- Ronald T Swanick from Simplicity WealthOct 21, 2025 · RIA to RIA
- Grayeson Thomas Griess from Principal Securities, Inc.Jul 29, 2025 · Affiliated broker-dealer or bank to independent RIA
- Jeffrey Thomas Bone from Fra Wealth Management LLCJun 25, 2025 · RIA to RIA
- Kristoffer Edou Doura from Hornor, Townsend & Kent, LLCApr 30, 2025 · Affiliated broker-dealer or bank to independent RIA
- Zachary D Ross from Fidelity Personal And Workplace AdvisorsJun 28, 2024 · Affiliated broker-dealer or bank to independent RIA
- Stephen Alexander Gilchrist from Gnh Asset Management, Inc.Feb 17, 2022 · Other
- Kristina K Dahl from Verus Capital Partners, LLCApr 27, 2021 · RIA to RIA
- Timothy J Oberley from Lasalle St. Investment Advisors, L.L.C.Feb 17, 2021 · Affiliated broker-dealer or bank to independent RIA
- Scott T Etzel from Bfc Planning, Inc.Nov 3, 2020 · Affiliated broker-dealer or bank to independent RIA
- Patrick Owens from Wells Fargo AdvisorsAug 17, 2020 · Wirehouse to independent RIA
- Scott Allan Mccord from Ausdal Financial Partners, Inc.Jun 8, 2020 · RIA to RIA
- Steven Brant Collier from Investment Advisors CorpOct 16, 2019 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Investment Advisors CorpSep 4, 2018 · Addison, Tx
- 4 joined from Investment Advisors CorpSep 29, 2017 · Phoenix, Az
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Lawrence Arthur Dinkin · President & Ccocontrolsince 08/2017 · owns 25% to 50%
- Gregory Andrew Endelman · Coocontrolsince 12/2018 · owns 10% to 25%
- Lawrence Jeffrey Zupancic · Ceocontrolsince 08/2017 · 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 |
|---|---|---|---|---|---|
| Urbandale, Ia · principal | 31 | 7 | 0 | ||
| Phoenix, Az | 5 | 2 | 0 | ||
| Sanger, Tx | 4 | 1 | 0 | ||
| Frederick, Md | 2 | 0 | 0 | ||
| Grimes, Ia | 2 | 0 | 0 | ||
| Glendale, Az | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Phoenix, AZ4 employees
- Sanger, TX3 employees
- , 2 employees
- Grimes, IA2 employees
- Lubbock, TX2 employees
- Ft Wayne, IN1 employees
- Los Angeles, CA1 employees
- Urbandale, IA1 employees
- , 1 employees
- Prescott, AZ1 employees
- El Paso, TX1 employees
- Downers Grove, IL1 employees
- Flagstaff, AZ1 employees
What changed
consecutive filings, newest first
- Accounts · 2,626 to 2,881Jan 2, 2026 to Mar 30, 2026
- Advisory employees · 25 to 30Jan 2, 2026 to Mar 30, 2026
- Corporate clients · 2 to 4Jan 2, 2026 to Mar 30, 2026
- HNW clients · 238 to 262Jan 2, 2026 to Mar 30, 2026
- Individual clients · 1,115 to 1,183Jan 2, 2026 to Mar 30, 2026
- Pension plan clients · 9 to 10Jan 2, 2026 to Mar 30, 2026
- Assets in custody · $111M to $128MJan 2, 2026 to Mar 30, 2026
- Employees · 25 to 37Jan 2, 2026 to Mar 30, 2026
- Financial planning clients · 26-50 to 51-100Jan 2, 2026 to Mar 30, 2026
- State-registered IARs · 25 to 30Jan 2, 2026 to Mar 30, 2026
- Other offices · 16 to 19Jan 2, 2026 to Mar 30, 2026
- Discretionary RAUM · $362M to $443MJan 2, 2026 to Mar 30, 2026
- HNW RAUM · $233M to $291MJan 2, 2026 to Mar 30, 2026
- Individual RAUM · $168M to $200MJan 2, 2026 to Mar 30, 2026
- Non-discretionary RAUM · $60.9M to $75.4MJan 2, 2026 to Mar 30, 2026
- Pension RAUM · $19.0M to $25.3MJan 2, 2026 to Mar 30, 2026
- RAUM · $423M to $518MJan 2, 2026 to Mar 30, 2026
- Wrap assets (sponsor) · $71.7M to $81.9MJan 2, 2026 to Mar 30, 2026
- Financial planning clients · 26-50 to 26-50Jan 7, 2025 to Jul 8, 2025
- Accounts · 2,499 to 2,626Nov 8, 2024 to Jan 7, 2025
- HNW clients · 224 to 238Nov 8, 2024 to Jan 7, 2025
- Individual clients · 1,104 to 1,115Nov 8, 2024 to Jan 7, 2025
- Pension plan clients · 7 to 9Nov 8, 2024 to Jan 7, 2025
- Assets in custody · $37.1M to $111MNov 8, 2024 to Jan 7, 2025
- Discretionary RAUM · $307M to $362MNov 8, 2024 to Jan 7, 2025
- HNW RAUM · $198M to $233MNov 8, 2024 to Jan 7, 2025
- Individual RAUM · $142M to $168MNov 8, 2024 to Jan 7, 2025
- Non-discretionary RAUM · $51.5M to $60.9MNov 8, 2024 to Jan 7, 2025
- Pension RAUM · $16.6M to $19.0MNov 8, 2024 to Jan 7, 2025
- RAUM · $358M to $423MNov 8, 2024 to Jan 7, 2025
- Wrap assets (sponsor) · $60.0M to $71.7MNov 8, 2024 to Jan 7, 2025
- Accounts · 2,298 to 2,499Mar 6, 2023 to Mar 28, 2024
- Advisory employees · 27 to 25Mar 6, 2023 to Mar 28, 2024
- BD registered reps · 10 to 9Mar 6, 2023 to Mar 28, 2024
- Corporate clients · 1 to 2Mar 6, 2023 to Mar 28, 2024
- HNW clients · 193 to 224Mar 6, 2023 to Mar 28, 2024
- Individual clients · 1,054 to 1,104Mar 6, 2023 to Mar 28, 2024
- Employees · 27 to 25Mar 6, 2023 to Mar 28, 2024
- State-registered IARs · 27 to 25Mar 6, 2023 to Mar 28, 2024
- Discretionary RAUM · $244M to $307MMar 6, 2023 to Mar 28, 2024
Signals
6 dated events
- Kristina K Dahl left Independent Wealth Network, Inc. for Sunburst Financial Management Llc (registered 2026-03-27)Jan 2, 2026 · Advisor changed firm · fact
- Erik Blase left Independent Wealth Network, Inc. for Beacon Capital Management, Inc. (registered 2024-01-17)Nov 16, 2023 · Advisor changed firm · fact
- Patrick Owens left Independent Wealth Network, Inc. for Sorrento Pacific Financial, Llc (registered 2023-03-21)Mar 16, 2023 · Advisor changed firm · fact
- Gregory Andrew Endelman (Operations Manaager) appeared on Schedule A of Independent Wealth Network, Inc.Mar 26, 2019 · Control person joined · fact
- Independent Wealth Network, Inc. reported 12 state-registered advisory representatives, up from 2 (2017-08-30 to 2018-03-30)Mar 30, 2018 · Advisor headcount change · derived
- Independent Wealth Network Group filed its initial SEC registration (Form ADV)May 2, 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/DV-FINANCIALreportedpublic record, Form ADV, Sep 18, 2026
- Website
- principledwm.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 515-461-5123reportedpublic record, Form ADV, Mar 30, 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
- $15.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026