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
Q••••• H••• A•••••••
Legal name Q••••• H••• A•••••••• L••
Latest filing Aug 12, 2026
First filing on the tape Jul 2, 2021 · 16 filings
SEC status approved since Aug 2, 2021
RAUM
$395M
reported, Item 5.F
Discretionary
94%
of RAUM
Private clients
100%
$394M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$98.7M
derived; firm RAUM over IAPD count
Employees
5
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$395M as of Aug 12, 2026
Jan 20, 2022$194M then
HNW client RAUM$350M as of Aug 12, 2026
Jan 20, 2022$143M then
State-registered IARs (5.B.3)3 as of Aug 12, 2026
Jan 20, 20223 then
Employees (5.A)5 as of Aug 12, 2026
Jan 20, 20223 then
Private funds: no history
RAUM +35% over the last fiscal year+20% a year over threeIARs 2 to 3
Practice profile
derived from the filing of Aug 12, 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
- $98.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 51derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.7MderivedHNW RAUM over HNW clients
- Average account
- $376,763derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 94%derivedof RAUM
- Institutional
- 0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +35%derivedbetween the last two annual amendments
- Advisor growth, one year
- +50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +9.7%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
- Custody
- $253M, 189 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)
- 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)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$350M89%
- Individuals$43.9M11%
- Corporations and businesses$666,3790.2%
- Charitable organizations$338,6240.1%
- Individual clients
- 71reported
- HNW clients
- 132reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,048reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- $253M for 189 clientsreported
- 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
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| B•••• W•••••• A•••••••Certified Financial Planner | Saint Paul, Mn | May 28, 2021 | 20 y | 3 |
| K••• S•••••• M••••Certified Financial Planner | Saint Paul, Mn | May 6, 2022 | 12 y | 1 |
| T••••• W•••••• L••••••Certified Financial Planner | Saint Paul, Mn | Aug 26, 2026 | 12 y | 0 |
| M•••• A•••• M•••••Certified Financial Planner | Saint Paul, Mn | Sep 2, 2026 | 10 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- S•••••• A•• A••••• to W••••• E••••••••• A••••••• S•••••••• L••Mar 2, 2023 · RIA to affiliated broker-dealer or bank
Joined, latest
- K••• S•••••• M•••• from P•••• F••••••••May 6, 2022 · RIA to RIA
- B•••• W•••••• A••••••• from R•• C•••••• M••••••• L••May 28, 2021 · Affiliated broker-dealer or bank to independent RIA
- S•••••• A•• A••••• from C••••• A•••••• N••••••• L••Jan 20, 2020 · Affiliated broker-dealer or bank to independent RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- A•••••••• B••••• W•••••• · Partner & Financial Plannercontrolsince 01/2022 · owns 50% to 75%
- M••••• K•••• S•••••• · Founder, Financial Planner & Ccocontrolsince 04/2017 · owns 50% to 75%
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 |
|---|---|---|---|---|---|
| Saint Paul, Mn · principal | 4 | 2 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- business activity changedChange between filings · filing Aug 12, 2026selection of other advisers (Item 5.G.7): no on the filing of 2026-01-14, yes on the filing of 2026-08-12peers: independent wealth managers, $100M to $500M (5,676)
- HNW share shiftChange between filings · filing Jan 14, 2026HNW share of RAUM moved from 69.0% to 89.0% between the annual amendments of 2025-01-27 and 2026-01-14peers: independent wealth managers, $100M to $500M (5,676)
- RAUM up 25 %Change between filings · filing Jan 14, 2026RAUM (Item 5.F) moved from $292,382,348 to $394,847,559 (+35.0%) between the annual amendments of 2025-01-27 and 2026-01-14; the peer median change was +15.0% (4550 comparable advisers, 90.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,550) · 90% percentile
What changed
consecutive filings, newest first
- Advisory activities · 3 to 4Jan 14, 2026 to Aug 12, 2026
- Accounts · 909 to 1,048Jan 27, 2025 to Jan 14, 2026
- HNW clients · 68 to 132Jan 27, 2025 to Jan 14, 2026
- Individual clients · 117 to 71Jan 27, 2025 to Jan 14, 2026
- Assets in custody · $187M to $253MJan 27, 2025 to Jan 14, 2026
- State-registered IARs · 2 to 3Jan 27, 2025 to Jan 14, 2026
- Discretionary RAUM · $272M to $371MJan 27, 2025 to Jan 14, 2026
- HNW RAUM · $202M to $350MJan 27, 2025 to Jan 14, 2026
- Individual RAUM · $89.3M to $43.9MJan 27, 2025 to Jan 14, 2026
- Non-discretionary RAUM · $20.5M to $24.0MJan 27, 2025 to Jan 14, 2026
- RAUM · $292M to $395MJan 27, 2025 to Jan 14, 2026
- Accounts · 795 to 909Mar 20, 2024 to Jan 27, 2025
- HNW clients · 64 to 68Mar 20, 2024 to Jan 27, 2025
- Individual clients · 109 to 117Mar 20, 2024 to Jan 27, 2025
- Assets in custody · $157M to $187MMar 20, 2024 to Jan 27, 2025
- Financial planning clients · 101-250 to 101-250Mar 20, 2024 to Jan 27, 2025
- Discretionary RAUM · $234M to $272MMar 20, 2024 to Jan 27, 2025
- HNW RAUM · $182M to $202MMar 20, 2024 to Jan 27, 2025
- Individual RAUM · $73.5M to $89.3MMar 20, 2024 to Jan 27, 2025
- Non-discretionary RAUM · $22.1M to $20.5MMar 20, 2024 to Jan 27, 2025
- RAUM · $256M to $292MMar 20, 2024 to Jan 27, 2025
- Accounts · 640 to 795Apr 26, 2023 to Mar 20, 2024
- Advisory employees · 3 to 4Apr 26, 2023 to Mar 20, 2024
- HNW clients · 65 to 64Apr 26, 2023 to Mar 20, 2024
- Individual clients · 97 to 109Apr 26, 2023 to Mar 20, 2024
- Assets in custody · unset to 166269174.0Apr 26, 2023 to Mar 20, 2024
- Custody of client assets · false to trueApr 26, 2023 to Mar 20, 2024
- Employees · 4 to 5Apr 26, 2023 to Mar 20, 2024
- Discretionary RAUM · $202M to $234MApr 26, 2023 to Mar 20, 2024
- HNW RAUM · $170M to $182MApr 26, 2023 to Mar 20, 2024
- Individual RAUM · $56.1M to $73.5MApr 26, 2023 to Mar 20, 2024
- Non-discretionary RAUM · $24.5M to $22.1MApr 26, 2023 to Mar 20, 2024
- Pension RAUM · 306180.0 to unsetApr 26, 2023 to Mar 20, 2024
- RAUM · $226M to $256MApr 26, 2023 to Mar 20, 2024
- Assets in custody · $166M to $157MMar 20, 2024 to Mar 20, 2024
- Accounts · 648 to 640Aug 9, 2022 to Mar 28, 2023
- HNW clients · 58 to 65Aug 9, 2022 to Mar 28, 2023
- Individual clients · 98 to 97Aug 9, 2022 to Mar 28, 2023
- Pension plan clients · 1.0 to unsetAug 9, 2022 to Mar 28, 2023
- Employees · 3 to 4Aug 9, 2022 to Mar 28, 2023
Signals
4 dated events
- Q••••• H••• A••••••• reported RAUM $394.8M, up 35% from $292.4M (2025-01-27 to 2026-01-14)Jan 14, 2026 · RAUM change · derived
- S•••••• A•• A••••• left Q••••• H••• A••••••• for W••••• E••••••••• A••••••• S•••••••• L•• (registered 2023-03-14)Mar 2, 2023 · a•••••• firm change · fact
- W•••••• Bjorn Amundson (Partner & Financial Planner) appeared on Schedule A of Q••••• H••• A•••••••Feb 24, 2022 · Control person joined · fact
- Q••••• H••• A••••••• filed its initial SEC registration (Form ADV)Jul 2, 2021 · 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@quarryhilladvisors.comreportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 612-440-0318reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- Q•••••H•••A••••••S.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 6124400318reportedpublic record, Form ADV, Aug 12, 2026
- Contact form
- quarryhilladvisors.com/contact-usreportedpublished by the firm, firm site, Sep 17, 2026
- Team page
- quarryhilladvisors.com/our-teamreportedpublished by the firm, firm site, Sep 17, 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
- $98.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026