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

Hilltop Wealth & Tax Solutions

Independent wealth managerMishawaka, IndianaCRD 290981SEC 801-115255website IAPD

Legal name Hiltop Partners, LLC

Latest filing Sep 3, 2026

First filing on the tape Apr 9, 2019 · 40 filings

SEC status approved since May 10, 2019

RAUM

$616M

reported, Item 5.F

Discretionary

97%

of RAUM

Private clients

99%

$612M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$68.5M

derived; firm RAUM over IAPD count

Employees

6 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

40 filings and snapshots on the tape

RAUM$616M as of Aug 4, 2026

Mar 23, 2020$271M then

HNW client RAUM$404M as of Aug 4, 2026

Mar 23, 2020$107M then

State-registered IARs (5.B.3)7 as of Aug 4, 2026

Mar 23, 20204 then

Employees (5.A)16 as of Aug 4, 2026

Mar 23, 202010 then

Private funds: no history

RAUM +26% over the last fiscal year+25% a year over threeIARs 4 to 7

Practice profile

derived from the filing of Sep 3, 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: $68.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 92derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $2.1MderivedHNW RAUM over HNW clients
Average account: $221,423derivedRAUM over accounts (5.F.2.f)
Discretionary: 97%derivedof RAUM
Institutional: 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.8derivedItem 5.A over advisors
Advisors per office: 1.8derived5 offices incl. principal (1.F.5)
RAUM growth, one year: +26%derivedbetween the last two annual amendments
Advisor growth, one year: +75%derivedItem 5.B.3 between annual amendments
Client growth, one year: +3.8%derived
Compensation: percentage of assets, hourly, fixed fees, commissionsreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, pension consulting, educational seminarsreportedItem 5.G
Custody: $53.0M, 843 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)
has custody of client cash or bank accounts (9.A.1.a)
has custody of client securities (9.A.1.b)
marketing includes testimonials (5.L.1.c)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$404M66%
Individuals$208M34%
Corporations and businesses$2.5M0.4%
Other investment advisers$2.0M0.3%
Charitable organizations$134,7640.0%

Individual clients: 635reported
HNW clients: 194reported
Pension plan clients: 0reported
Charitable clients: 3reported
Accounts: 2,784reported
Financial planning clients: 101-250reported
Wrap fee programs: noreported
Custody of client assets: $53.0M for 843 clientsreported
Compensation: % of AUM, fixed, hourly, commissionsreported
Class basis: private_client_share=0.99 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=1.0derived

Advisors registered through the firm

9 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Erik William BrennerCertified Financial Planner	Mishawaka, In	Jan 30, 2018	32 y	1
Matthew David AurenzChartered Financial Consultant	Mishawaka, In	Jan 31, 2018	24 y	1
William Lee Davis	Mishawaka, In	Mar 2, 2018	29 y	1
Clifton Douglas Hawkins	Mishawaka, In	Aug 25, 2020	12 y	2
Ashleigh Lauren Riewe	Mishawaka, In	Nov 26, 2024	14 y	0
Elizabeth Ann FoleyCertified Financial Planner	Royal Oak, Mi	Jan 1, 2025	37 y	1
Kyle John Van Liere	Mishawaka, In	Dec 3, 2025	11 y	0
Tyler A BollaCertified Financial Planner	Chicago, Il	Feb 26, 2026	11 y	2
Tareq Jallaf	Royal Oak , Mi	May 20, 2026	12 y	0

Advisor movement

0 left, 1 joined in 12 months

net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months

Left, latest

Gery Joseph Sadzewicz to Flint Wealth Management, LLC
May 21, 2018 · Other

Joined, latest

Tyler A Bolla from Schwab Wealth Advisory, Inc.
Feb 26, 2026 · Other
Elizabeth Ann Foley from Ameriprise Financial Services, LLC
Jan 1, 2025 · Affiliated broker-dealer or bank to independent RIA
Clifton Douglas Hawkins from Osaic Institutions, Inc.
Aug 25, 2020 · Affiliated broker-dealer or bank to independent RIA
William Lee Davis from Ameriprise Financial Services, LLC
Mar 2, 2018 · Affiliated broker-dealer or bank to independent RIA
Matthew David Aurenz from Ameriprise Financial Services, LLC
Jan 31, 2018 · Affiliated broker-dealer or bank to independent RIA
Erik William Brenner from Ameriprise Financial Services, LLC
Jan 30, 2018 · Affiliated broker-dealer or bank to independent RIA
Gery Joseph Sadzewicz from Veracity Wealth Management LLC
Jan 2, 2018 · Other

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

3 joined from Ameriprise Financial Services, LLC
Jan 31, 2018 · Mishawaka, In

Teams out Teams in

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

William Erik Brenner · Managing Member And Chief Compliance Officercontrol
since 01/2018 · owns 75% or more
Lee William Davis · Managing Membercontrol
since 09/2018 · owns less than 5%
Ann Elizabeth Foley · Managing Membercontrol
since 09/2018 · owns less than 5%

Entity owners

Merchant Wealth Partners, LLC · Managing Member
direct · owns 10% to 25%

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
Mishawaka, In · principal	9	3	0
Royal Oak, Mi	2	1	0

Offices

Schedule D 1.F, the 25 largest

Chesterton, IN3 employees
Fort Meyers, FL2 employees
Bremen, IN1 employees
Royal Oak, MI1 employees

What changed

consecutive filings, newest first

Financial planning clients · 101-250 to 101-250
Aug 4, 2026 to Sep 3, 2026
Succession · false to unset
Aug 4, 2026 to Sep 3, 2026
Accounts · 2,546 to 2,784
Nov 18, 2025 to Mar 19, 2026
Corporate clients · 1 to 2
Nov 18, 2025 to Mar 19, 2026
HNW clients · 145 to 194
Nov 18, 2025 to Mar 19, 2026
Individual clients · 654 to 635
Nov 18, 2025 to Mar 19, 2026
Assets in custody · $38.6M to $53.0M
Nov 18, 2025 to Mar 19, 2026
Employees · 14 to 16
Nov 18, 2025 to Mar 19, 2026
State-registered IARs · 4 to 7
Nov 18, 2025 to Mar 19, 2026
Discretionary RAUM · $466M to $600M
Nov 18, 2025 to Mar 19, 2026
HNW RAUM · $280M to $404M
Nov 18, 2025 to Mar 19, 2026
Individual RAUM · $206M to $208M
Nov 18, 2025 to Mar 19, 2026
Non-discretionary RAUM · $24.9M to $16.2M
Nov 18, 2025 to Mar 19, 2026
RAUM · $491M to $616M
Nov 18, 2025 to Mar 19, 2026
Financial planning clients · 101-250 to 101-250
Jun 10, 2025 to Jul 30, 2025
Accounts · 2,495 to 2,546
Jan 27, 2025 to Mar 17, 2025
Advisory employees · 7 to 6
Jan 27, 2025 to Mar 17, 2025
Charity clients · 5 to 3
Jan 27, 2025 to Mar 17, 2025
HNW clients · 119 to 145
Jan 27, 2025 to Mar 17, 2025
Individual clients · 671 to 654
Jan 27, 2025 to Mar 17, 2025
Pension plan clients · 3 to 0
Jan 27, 2025 to Mar 17, 2025
Pooled vehicle clients · unset to 0.0
Jan 27, 2025 to Mar 17, 2025
Assets in custody · $229M to $38.6M
Jan 27, 2025 to Mar 17, 2025
Employees · 10 to 14
Jan 27, 2025 to Mar 17, 2025
State-registered IARs · 5 to 4
Jan 27, 2025 to Mar 17, 2025
Discretionary RAUM · $387M to $466M
Jan 27, 2025 to Mar 17, 2025
HNW RAUM · $208M to $280M
Jan 27, 2025 to Mar 17, 2025
Individual RAUM · $195M to $206M
Jan 27, 2025 to Mar 17, 2025
Non-discretionary RAUM · $20.0M to $24.9M
Jan 27, 2025 to Mar 17, 2025
Pension RAUM · $354,940 to $0
Jan 27, 2025 to Mar 17, 2025
Pooled vehicle RAUM · unset to 0.0
Jan 27, 2025 to Mar 17, 2025
RAUM · $407M to $491M
Jan 27, 2025 to Mar 17, 2025
Business name · HILLTOP WEALTH SOLUTIONS to HILLTOP WEALTH & TAX SOLUTIONS
Dec 16, 2024 to Jan 27, 2025
Legal name · HILLTOP PARTNERS LLC to HILTOP PARTNERS, LLC
Dec 16, 2024 to Jan 27, 2025
Accounts · 1,954 to 2,495
Jan 5, 2024 to Feb 28, 2024
Charity clients · unset to 5.0
Jan 5, 2024 to Feb 28, 2024
Corporate clients · unset to 1.0
Jan 5, 2024 to Feb 28, 2024
HNW clients · 87 to 119
Jan 5, 2024 to Feb 28, 2024
Individual clients · 672 to 671
Jan 5, 2024 to Feb 28, 2024
Pension plan clients · unset to 3.0
Jan 5, 2024 to Feb 28, 2024

Signals

3 dated events

Hilltop Wealth & Tax Solutions reported RAUM $616.4M, up 26% from $490.8M (2025-11-18 to 2026-03-19)
Mar 19, 2026 · RAUM change · derived
Lee William Davis (Managing Member) appeared on Schedule A of Hilltop Wealth & Tax Solutions
Mar 23, 2020 · Control person joined · fact
Hilltop Wealth Solutions filed its initial SEC registration (Form ADV)
Apr 9, 2019 · 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

Website: X.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone: 574-889-7526reportedpublic record, Form ADV, Sep 3, 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: $68.5Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026