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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Former SEC-registered adviser

M• L••••• A•••••••• L••

Former SEC-registered adviserBend, OregonCRD 290675SEC 801-112049websiteIAPD
Latest filing Nov 21, 2025
First filing on the tape Oct 18, 2017 · 23 filings
SEC status approved since Nov 16, 2017
RAUM
$333M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$329M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
10
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$333M as of Nov 21, 2025
Mar 15, 2018$228M then
HNW client RAUM$227M as of Nov 21, 2025
Mar 15, 2018$138M then
State-registered IARs (5.B.3)4 as of Nov 21, 2025
Mar 15, 20187 then
Employees (5.A)10 as of Nov 21, 2025
Mar 15, 201810 then
Private funds: no history
RAUM -11% over the last fiscal year+3.0% a year over threeIARs 5 to 4offices 1 to 0
Practice profile
derived from the filing of Nov 21, 2025; every figure names its basis
RAUM per advisor
$83.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
79derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.1MderivedHNW RAUM over HNW clients
Average account
$1.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.5derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-11%derivedbetween the last two annual amendments
Advisor growth, one year
-20%derivedItem 5.B.3 between annual amendments
Client growth, one year
-28%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
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$227M68%
  • Individuals$101M30%
  • Pension and profit-sharing plans$3.9M1.2%
  • Corporations and businesses$469,4370.1%
Individual clients
207reported
HNW clients
107reported
Pension plan clients
16reported
Charitable clients
n/areported
Accounts
332reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
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
4 left, 0 joined in 12 months
net -4 in 12 months0 left in 90 days0 joined in 90 days6 left over 36 months
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
  • D•••••• M••••••• A•••••• · Chief Compliance Officercontrol
    since 04/2019 · owns less than 5%
  • S••••••• C•••• E•••••• · Managing Membercontrol
    since 09/2017 · owns less than 5%
  • S••••••• C••••••••• · Ownercontrol
    since 04/2009 · owns 50% to 75% of E•••• W••••• M••••••••• I•••
  • S••••••• C•••• E•••••• · Ownercontrol
    since 04/2009 · owns 50% to 75% of E•••• W••••• M••••••••• I•••
  • S••••••• C••••••••• · Member
    since 09/2017 · owns less than 5%
Entity owners
  • E•••• W••••• M••••••••• I••• · Owner
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • E•••• W••••• A•••••••••
    insurancey
Advisers that list M• L••••• A•••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Bend, Or · principal004
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 445 to 332
    Oct 2, 2024 to Mar 14, 2025
  • HNW clients · 122 to 107
    Oct 2, 2024 to Mar 14, 2025
  • Individual clients · 313 to 207
    Oct 2, 2024 to Mar 14, 2025
  • Pension plan clients · 10 to 16
    Oct 2, 2024 to Mar 14, 2025
  • Financial planning clients · 251-500 to 251-500
    Oct 2, 2024 to Mar 14, 2025
  • Discretionary RAUM · $374M to $333M
    Oct 2, 2024 to Mar 14, 2025
  • HNW RAUM · $240M to $227M
    Oct 2, 2024 to Mar 14, 2025
  • Individual RAUM · $131M to $101M
    Oct 2, 2024 to Mar 14, 2025
  • Pension RAUM · $3.5M to $3.9M
    Oct 2, 2024 to Mar 14, 2025
  • RAUM · $374M to $333M
    Oct 2, 2024 to Mar 14, 2025
  • Advisory employees · 5 to 4
    Jul 12, 2024 to Oct 1, 2024
  • Employees · 12 to 10
    Jul 12, 2024 to Oct 1, 2024
  • State-registered IARs · 5 to 4
    Jul 12, 2024 to Oct 1, 2024
  • Other offices · 2 to 0
    Jul 12, 2024 to Oct 1, 2024
  • Other offices · 1 to 2
    Jul 1, 2024 to Jul 12, 2024
  • Accounts · 426 to 445
    Mar 27, 2023 to Mar 28, 2024
  • HNW clients · 113 to 122
    Mar 27, 2023 to Mar 28, 2024
  • Individual clients · 303 to 313
    Mar 27, 2023 to Mar 28, 2024
  • Employees · 10 to 12
    Mar 27, 2023 to Mar 28, 2024
  • Discretionary RAUM · $298M to $374M
    Mar 27, 2023 to Mar 28, 2024
  • HNW RAUM · $189M to $240M
    Mar 27, 2023 to Mar 28, 2024
  • Individual RAUM · $106M to $131M
    Mar 27, 2023 to Mar 28, 2024
  • Pension RAUM · $3.3M to $3.5M
    Mar 27, 2023 to Mar 28, 2024
  • RAUM · $298M to $374M
    Mar 27, 2023 to Mar 28, 2024
  • Accounts · 385 to 426
    Dec 9, 2022 to Mar 27, 2023
  • HNW clients · 101 to 113
    Dec 9, 2022 to Mar 27, 2023
  • Individual clients · 282 to 303
    Dec 9, 2022 to Mar 27, 2023
  • Pension plan clients · unset to 10.0
    Dec 9, 2022 to Mar 27, 2023
  • Discretionary RAUM · $304M to $298M
    Dec 9, 2022 to Mar 27, 2023
  • HNW RAUM · $192M to $189M
    Dec 9, 2022 to Mar 27, 2023
  • Individual RAUM · $111M to $106M
    Dec 9, 2022 to Mar 27, 2023
  • Pension RAUM · $1.8M to $3.3M
    Dec 9, 2022 to Mar 27, 2023
  • RAUM · $304M to $298M
    Dec 9, 2022 to Mar 27, 2023
  • Other offices · 0 to 1
    Mar 18, 2022 to Apr 12, 2022
  • Accounts · 419 to 385
    Mar 26, 2021 to Mar 18, 2022
  • HNW clients · 42 to 101
    Mar 26, 2021 to Mar 18, 2022
  • Individual clients · 375 to 282
    Mar 26, 2021 to Mar 18, 2022
  • State-registered IARs · 0 to 5
    Mar 26, 2021 to Mar 18, 2022
  • Discretionary RAUM · $245M to $304M
    Mar 26, 2021 to Mar 18, 2022
  • HNW RAUM · $17.4M to $192M
    Mar 26, 2021 to Mar 18, 2022
Signals
17 dated events
  • M• L••••• A•••••••• L•• no longer on the SEC adviser roster (last listed 2026-03-02, RAUM $333.1M)
    Apr 1, 2026 · Left the SEC roster · derived
  • S•••••• L••• D••••• left M• L••••• A•••••••• L•• for M••••• G••••• A••••••• I••• (registered 2025-09-10)
    Mar 12, 2026 · Advisor changed firm · fact
  • M•••••• A• H••••• left M• L••••• A•••••••• L•• for M••••• G••••• A••••••• I••• (registered 2025-09-15)
    Mar 12, 2026 · Advisor changed firm · fact
  • C••• E•••••• S•••••• left M• L••••• A•••••••• L•• for M••••• G••••• A••••••• I••• (registered 2025-09-30)
    Mar 12, 2026 · Advisor changed firm · fact
  • M• L••••• A•••••••• L••'s advisors moved to M••••• G••••• A••••••• I••• (Bend, OR): 4 of 4 registered, on the same day
    Mar 12, 2026 · Firm absorbed (people side) · derived
  • J••• T••••• S••••••• left M• L••••• A•••••••• L•• for M••••• G••••• A••••••• I••• (registered 2025-09-18)
    Mar 12, 2026 · Advisor changed firm · fact
  • 3 advisors left U••••• P•••••••• F•••••••• S••••••• O• A•••••• A• L•••••• P•••••• (Hopkins, MN) for M• L••••• A•••••••• L•• on the same day
    Mar 2, 2026 · Team lift-out · derived
  • M••••• W• H•••••••• left M• L••••• A•••••••• L•• for T••• W••••• G•••• (registered 2024-08-19)
    Oct 1, 2024 · Advisor changed firm · fact
  • I•• P•••••• L••••••• left M• L••••• A•••••••• L•• for T••• W••••• G•••• (registered 2024-08-19)
    Oct 1, 2024 · Advisor changed firm · fact
  • 2 advisors left M• L••••• A•••••••• L•• (Bend, OR) for T••• W••••• G•••• on the same day
    Oct 1, 2024 · Team lift-out · derived
  • Patrick Ian L••••••• (Chief Operations Officer) no longer on Schedule A of M• L••••• A•••••••• L•• (listed 2024-03-28, absent 2024-07-01)
    Jul 1, 2024 · Control person left · inference
  • Patrick Ian L••••••• (Chief Operations Officer) appeared on Schedule A of M• L••••• A•••••••• L••
    Mar 27, 2023 · Control person joined · fact
  • John Kenneth Kramer (Managing Member) no longer on Schedule A of M• L••••• A•••••••• L•• (listed 2019-08-15, absent 2020-02-20)
    Feb 20, 2020 · Control person left · inference
  • Jon Eric Munkeby (Member) no longer on Schedule A of M• L••••• A•••••••• L•• (listed 2019-08-15, absent 2020-02-20)
    Feb 20, 2020 · Control person left · inference
  • M• L••••• A•••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)
    Feb 20, 2020 · Succession (Item 4) · fact
  • A•••••• M•••••• Derosa (Chief Compliance Officer) appeared on Schedule A of M• L••••• A•••••••• L••
    May 3, 2019 · Control person joined · fact
  • M•••••• K••••• filed its initial SEC registration (Form ADV)
    Oct 18, 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.
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