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.

Former SEC-registered adviser

F3logic, LLC

Former SEC-registered adviserBurnsville, MinnesotaCRD 289863SEC 801-111836IAPD
Latest filing Mar 29, 2023
First filing on the tape Sep 11, 2017 · 79 filings
RAUM
$843M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$833M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
28
20 advisory (5.B.1)
Offices
9
beyond the principal office
Private funds
0
reported on Schedule D
History
79 filings and snapshots on the tape
RAUM$843M as of Mar 29, 2023
Feb 5, 2018$454M then
HNW client RAUM$120M as of Mar 29, 2023
Feb 5, 2018$95.5M then
State-registered IARs (5.B.3)20 as of Mar 29, 2023
Feb 5, 20188 then
Employees (5.A)28 as of Mar 29, 2023
Feb 5, 201814 then
Private funds: no history
RAUM -30% over the last fiscal year+1.5% a year over threeIARs 25 to 20offices 10 to 9
Practice profile
derived from the filing of Mar 29, 2023; every figure names its basis
RAUM per advisor
$42.1MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
203derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.4MderivedHNW RAUM over HNW clients
Average account
$205,997derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.4derivedItem 5.A over advisors
Advisors per office
2.0derived10 offices incl. principal (1.F.5)
RAUM growth, one year
-30%derivedbetween the last two annual amendments
Advisor growth, one year
-20%derivedItem 5.B.3 between annual amendments
Client growth, one year
-25%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
Financial planning clients
2,500reportedItem 5.H
Wrap fee program
$843MreportedItem 5.I
Ownership
controlled by a public reporting companyderived
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)
  • controlled by a public reporting company (10.A)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$713M85%
  • High-net-worth individuals$120M14%
  • Pension and profit-sharing plans$7.2M0.9%
  • Corporations and businesses$3.2M0.4%
Individual clients
3,974reported
HNW clients
84reported
Pension plan clients
25reported
Charitable clients
0reported
Accounts
4,092reported
Financial planning clients
2,500reported
Wrap fee programs
$843M sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Gerard Richard Desalvo · Chief Executive Officercontrol
    since 09/2019 · owns less than 5%
  • Patrick Jon Desmidt · Chief Compliance Officercontrol
    since 10/2017 · owns less than 5%
  • Michael Kevin Nentwich · Managing Partnercontrol
    since 09/2017 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Advisers that list F3logic, LLC as a related person
Offices
Schedule D 1.F, the 25 largest
  • Wakefield, MA4 employees
  • Burnsville, MN3 employees
  • Richmond, VA3 employees
  • Camden, AR2 employees
  • New York, NY2 employees
  • , 1 employees
What changed
consecutive filings, newest first
  • Accounts · 5,423 to 4,092
    Nov 23, 2022 to Mar 29, 2023
  • Advisory employees · 14 to 20
    Nov 23, 2022 to Mar 29, 2023
  • BD registered reps · 8 to 18
    Nov 23, 2022 to Mar 29, 2023
  • Charity clients · 12 to 0
    Nov 23, 2022 to Mar 29, 2023
  • Corporate clients · 11 to 9
    Nov 23, 2022 to Mar 29, 2023
  • HNW clients · 146 to 84
    Nov 23, 2022 to Mar 29, 2023
  • Individual clients · 5,231 to 3,974
    Nov 23, 2022 to Mar 29, 2023
  • Pension plan clients · 23 to 25
    Nov 23, 2022 to Mar 29, 2023
  • Employees · 20 to 28
    Nov 23, 2022 to Mar 29, 2023
  • State-registered IARs · 14 to 20
    Nov 23, 2022 to Mar 29, 2023
  • Discretionary RAUM · $1.2B to $843M
    Nov 23, 2022 to Mar 29, 2023
  • HNW RAUM · $238M to $120M
    Nov 23, 2022 to Mar 29, 2023
  • Individual RAUM · $950M to $713M
    Nov 23, 2022 to Mar 29, 2023
  • Pension RAUM · $6.5M to $7.2M
    Nov 23, 2022 to Mar 29, 2023
  • RAUM · $1.2B to $843M
    Nov 23, 2022 to Mar 29, 2023
  • Wrap assets (sponsor) · $1.2B to $843M
    Nov 23, 2022 to Mar 29, 2023
  • Advisory employees · 15 to 14
    Jul 12, 2022 to Sep 20, 2022
  • BD registered reps · 9 to 8
    Jul 12, 2022 to Sep 20, 2022
  • Employees · 21 to 20
    Jul 12, 2022 to Sep 20, 2022
  • State-registered IARs · 15 to 14
    Jul 12, 2022 to Sep 20, 2022
  • Advisory employees · 16 to 15
    Apr 8, 2022 to May 19, 2022
  • Employees · 22 to 21
    Apr 8, 2022 to May 19, 2022
  • State-registered IARs · 16 to 15
    Apr 8, 2022 to May 19, 2022
  • Advisory employees · 25 to 16
    Mar 28, 2022 to Apr 8, 2022
  • BD registered reps · 15 to 9
    Mar 28, 2022 to Apr 8, 2022
  • Employees · 31 to 22
    Mar 28, 2022 to Apr 8, 2022
  • State-registered IARs · 25 to 16
    Mar 28, 2022 to Apr 8, 2022
  • Other offices · 10 to 9
    Mar 28, 2022 to Apr 8, 2022
  • Accounts · 5,265 to 5,423
    Feb 4, 2022 to Mar 28, 2022
  • Charity clients · 0 to 12
    Feb 4, 2022 to Mar 28, 2022
  • Corporate clients · 33 to 11
    Feb 4, 2022 to Mar 28, 2022
  • HNW clients · 122 to 146
    Feb 4, 2022 to Mar 28, 2022
  • Individual clients · 5,096 to 5,231
    Feb 4, 2022 to Mar 28, 2022
  • Pension plan clients · 14 to 23
    Feb 4, 2022 to Mar 28, 2022
  • Financial planning clients · 0 to More than 500
    Feb 4, 2022 to Mar 28, 2022
  • Discretionary RAUM · $996M to $1.2B
    Feb 4, 2022 to Mar 28, 2022
  • HNW RAUM · $182M to $238M
    Feb 4, 2022 to Mar 28, 2022
  • Individual RAUM · $794M to $950M
    Feb 4, 2022 to Mar 28, 2022
  • Pension RAUM · $7.1M to $6.5M
    Feb 4, 2022 to Mar 28, 2022
  • RAUM · $996M to $1.2B
    Feb 4, 2022 to Mar 28, 2022
Signals
45 dated events
  • 2 advisors left F3Logic, LLC (Ocean City, NJ) for Gallagher Fiduciary Advisors, LLC on the same day
    May 19, 2023 · Team lift-out · derived
  • Martin Edward Plecinoga left F3Logic, Llc for Gallagher Fiduciary Advisors, Llc (registered 2023-07-26)
    May 19, 2023 · Advisor changed firm · fact
  • Richard Paul Leblanc left F3Logic, Llc for Gallagher Fiduciary Advisors, Llc (registered 2023-08-01)
    May 19, 2023 · Advisor changed firm · fact
  • Thomas Francis Nee left F3Logic, Llc for Gallagher Fiduciary Advisors, Llc (registered 2023-07-26)
    May 19, 2023 · Advisor changed firm · fact
  • Michael James Labrie left F3Logic, Llc for Gallagher Fiduciary Advisors, Llc (registered 2023-07-26)
    May 19, 2023 · Advisor changed firm · fact
  • Alan Scott Markfeld left F3Logic, Llc for Gallagher Fiduciary Advisors, Llc (registered 2023-07-10)
    May 19, 2023 · Advisor changed firm · fact
  • Matthew Desalvo left F3Logic, Llc for Gallagher Fiduciary Advisors, Llc (registered 2023-07-11)
    May 19, 2023 · Advisor changed firm · fact
  • Jason Dodzik left F3Logic, Llc for Gallagher Fiduciary Advisors, Llc (registered 2023-07-13)
    May 19, 2023 · Advisor changed firm · fact
  • Frank Wong left F3Logic, Llc for Independent Financial Group, Llc (registered 2017-11-28)
    May 19, 2023 · Advisor changed firm · fact
  • Wendy Tamie Martinez left F3Logic, Llc for Gallagher Fiduciary Advisors, Llc (registered 2023-08-10)
    May 19, 2023 · Advisor changed firm · fact
  • Katherine Elizabeth Glidden left F3Logic, Llc for Gallagher Fiduciary Advisors, Llc (registered 2023-07-26)
    May 19, 2023 · Advisor changed firm · fact
  • Kyle Wong no longer registered at F3Logic, Llc; no later IA registration on IAPD
    May 19, 2023 · Advisor departure · fact
  • Christopher Wayne Geary left F3Logic, Llc for Gallagher Fiduciary Advisors, Llc (registered 2023-07-10)
    May 19, 2023 · Advisor changed firm · fact
  • Brett Kusske left F3Logic, Llc for Kusske Financial Management, Inc. (registered 2018-01-19)
    May 19, 2023 · Advisor changed firm · fact
  • 2 advisors left F3Logic, LLC (Richmond, VA) for Gallagher Fiduciary Advisors, LLC on the same day
    May 19, 2023 · Team lift-out · derived
  • Jason Adam Orlosky left F3Logic, Llc for Gallagher Fiduciary Advisors, Llc (registered 2023-07-11)
    May 19, 2023 · Advisor changed firm · fact
  • 2 advisors left F3Logic, LLC (Burnsville, MN) for Kusske Financial Management, Inc. on the same day
    May 19, 2023 · Team lift-out · derived
  • F3Logic, LLC's advisors moved to Gallagher Fiduciary Advisors, LLC (Burnsville, MN): 13 of 21 registered, on the same day
    May 19, 2023 · Firm absorbed (people side) · derived
  • Jesus Lopez-Castaneda left F3Logic, Llc for Gallagher Fiduciary Advisors, Llc (registered 2023-07-11)
    May 19, 2023 · Advisor changed firm · fact
  • Michael Joshua Vaccaro left F3Logic, Llc for Gallagher Fiduciary Advisors, Llc (registered 2023-09-08)
    May 19, 2023 · Advisor changed firm · fact
  • Daniel Eugene Rivers left F3Logic, Llc for Gallagher Fiduciary Advisors, Llc (registered 2023-07-14)
    May 19, 2023 · Advisor changed firm · fact
  • Ryan Thomas Nee left F3Logic, Llc for Gallagher Fiduciary Advisors, Llc (registered 2023-07-26)
    May 19, 2023 · Advisor changed firm · fact
  • Travis Lee Buck left F3Logic, Llc for Kusske Financial Management, Inc. (registered 2018-01-19)
    May 19, 2023 · Advisor changed firm · fact
  • Erica R Lucke left F3Logic, Llc for Gallagher Fiduciary Advisors, Llc (registered 2023-07-11)
    May 19, 2023 · Advisor changed firm · fact
  • Michael James Vaules left F3Logic, Llc for Gallagher Fiduciary Advisors, Llc (registered 2023-08-16)
    May 19, 2023 · Advisor changed firm · fact
  • F3Logic, Llc reported RAUM $842.9M, down 30% from $1.2B (2022-11-23 to 2023-03-29)
    Mar 29, 2023 · RAUM change · derived
  • Francis Thomas Nee (Managing Member) no longer on Schedule A of F3Logic, Llc (listed 2022-09-20, absent 2022-11-22)
    Nov 22, 2022 · Control person left · inference
  • James Michael Labrie (Managing Member) no longer on Schedule A of F3Logic, Llc (listed 2022-09-20, absent 2022-11-22)
    Nov 22, 2022 · Control person left · inference
  • Barbara Mary Kusske (Managing Member) no longer on Schedule A of F3Logic, Llc (listed 2022-09-20, absent 2022-11-22)
    Nov 22, 2022 · Control person left · inference
  • Paul Maloy Kelly left F3Logic, Llc for Osaic Wealth, Inc. (registered 2022-09-30)
    Sep 20, 2022 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
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
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026