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

Sapphire Blue Investment Partners

Independent wealth managerFenton, MichiganCRD 291609SEC 801-116916website IAPD

Legal name Hensler & Associates Wealth Management LLC

Latest filing Jul 6, 2026

First filing on the tape Jan 29, 2018 · 32 filings

SEC status approved since Jul 8, 2019

RAUM

$200M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

94%

$187M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$100.0M

derived; firm RAUM over IAPD count

Employees

2 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

32 filings and snapshots on the tape

RAUM$200M as of Jul 6, 2026

Mar 18, 2020$118M then

HNW client RAUM$118M as of Jul 6, 2026

Mar 18, 2020$21.4M then

State-registered IARs (5.B.3)2 as of Jul 6, 2026

Mar 18, 20202 then

Employees (5.A)5 as of Jul 6, 2026

Mar 18, 20207 then

Private funds: no history

RAUM +11% over the last fiscal year+5.4% a year over threeIARs 2 to 2

Practice profile

derived from the filing of Jul 6, 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
Solo or small team · one advisor, or a wealth manager with up to three advisors and one office

RAUM per advisor: $100.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 188derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $1.7MderivedHNW RAUM over HNW clients
Average account: $195,095derivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 6.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 2.5derivedItem 5.A over advisors
Advisors per office: 2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year: +11%derivedbetween the last two annual amendments
Advisor growth, one year: -50%derivedItem 5.B.3 between annual amendments
Client growth, one year: -94%derived
Compensation: percentage of assets, fixed feesreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisers, otherreportedItem 5.G
Custody: $200M, 392 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)
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$118M59%
Individuals$69.0M34%
Pension and profit-sharing plans$11.8M5.9%
Corporations and businesses$761,1210.4%
Charitable organizations$133,8340.1%

Individual clients: 308reported
HNW clients: 68reported
Pension plan clients: 7reported
Charitable clients: 1reported
Accounts: 1,025reported
Financial planning clients: 26-50reported
Wrap fee programs: noreported
Custody of client assets: $200M for 392 clientsreported
Compensation: % of AUM, fixedreported
Class basis: private_client_share=0.94 fund_share=0.0 institutional_share=0.06 related_bd=false related_bank=false bd_reps=1.0derived

Advisors registered through the firm

1 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Angela Mae Thompson	Fenton, Mi	Jun 3, 2026	14 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 headcount3 left over 36 months

Left, latest

Alexander Jacob Rowe to LPL Financial LLC
Jul 25, 2025 · RIA to affiliated broker-dealer or bank
Jackson Robert Paulishak to Empirikal Partners LLC
Apr 2, 2024 · RIA to a state-registered adviser
Theodore Rex Drabing to Spc
Feb 13, 2024 · RIA to affiliated broker-dealer or bank

Joined, latest

Jackson Robert Paulishak from Summit Financial Group Inc
Jun 9, 2021 · Affiliated broker-dealer or bank to independent RIA
Daniel Mccleer Draper from Summit Financial Group Inc
May 8, 2018 · Other

Every departure Every arrival

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Henry Frederick Hensler · Chief Compliance Officercontrol
since 12/2021 · owns less than 5%
Tracy Hensler · Chief Operations Officercontrol
since 12/2017 · 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
Fenton, Mi · principal	2	1	0
Frederick, Md	0	0	0

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

ADV anomalies

2 against comparable advisers; where to look, not conclusions

clients down average size upCombination · filing Apr 13, 2026
private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $180,616,597 to $199,972,345, advisors 2 to 1, private clients 5786 to 376, offices 0 to 0 (2025-03-19 to 2026-04-13)
peers: independent wealth managers, $100M to $500M (5,676)
client count collapseChange between filings · filing Apr 13, 2026
individual and HNW clients (Item 5.D) moved from 5,786.0 to 376.0 (-94.0%) between the annual amendments of 2025-03-19 and 2026-04-13; the peer median change was +3.0% (3310 comparable advisers, 0.0th percentile of changes)
peers: independent wealth managers, $100M to $500M (3,310) · 0.1% percentile

How anomalies are measured

What changed

consecutive filings, newest first

Advisory employees · 1 to 2
Apr 13, 2026 to Jul 6, 2026
Employees · 4 to 5
Apr 13, 2026 to Jul 6, 2026
State-registered IARs · 1 to 2
Apr 13, 2026 to Jul 6, 2026
Accounts · 1,034 to 1,025
Jan 5, 2026 to Mar 16, 2026
Advisory employees · 2 to 1
Jan 5, 2026 to Mar 16, 2026
BD registered reps · 2 to 1
Jan 5, 2026 to Mar 16, 2026
Charity clients · unset to 1.0
Jan 5, 2026 to Mar 16, 2026
Corporate clients · 9 to 8
Jan 5, 2026 to Mar 16, 2026
HNW clients · 4,799 to 68
Jan 5, 2026 to Mar 16, 2026
Individual clients · 987 to 308
Jan 5, 2026 to Mar 16, 2026
Pension plan clients · 9 to 7
Jan 5, 2026 to Mar 16, 2026
Assets in custody · $141M to $200M
Jan 5, 2026 to Mar 16, 2026
Employees · 5 to 4
Jan 5, 2026 to Mar 16, 2026
Financial planning clients · 51-100 to 26-50
Jan 5, 2026 to Mar 16, 2026
State-registered IARs · 2 to 1
Jan 5, 2026 to Mar 16, 2026
Discretionary RAUM · $181M to $200M
Jan 5, 2026 to Mar 16, 2026
HNW RAUM · $94.1M to $118M
Jan 5, 2026 to Mar 16, 2026
Individual RAUM · $76.4M to $69.0M
Jan 5, 2026 to Mar 16, 2026
Non-discretionary RAUM · $105,510 to $0
Jan 5, 2026 to Mar 16, 2026
Pension RAUM · $9.4M to $11.8M
Jan 5, 2026 to Mar 16, 2026
RAUM · $181M to $200M
Jan 5, 2026 to Mar 16, 2026
Employees · 6 to 5
Mar 19, 2025 to Jul 25, 2025
Financial planning clients · 51-100 to 51-100
Mar 19, 2025 to Jul 25, 2025
Accounts · 1,108 to 1,034
Nov 6, 2024 to Mar 19, 2025
Advisory employees · 3 to 2
Nov 6, 2024 to Mar 19, 2025
Advisory activities · 4 to 5
Nov 6, 2024 to Mar 19, 2025
BD registered reps · 3 to 2
Nov 6, 2024 to Mar 19, 2025
Corporate clients · 11 to 9
Nov 6, 2024 to Mar 19, 2025
HNW clients · 46 to 4,799
Nov 6, 2024 to Mar 19, 2025
Individual clients · 526 to 987
Nov 6, 2024 to Mar 19, 2025
Pension plan clients · 6 to 9
Nov 6, 2024 to Mar 19, 2025
Employees · 5 to 6
Nov 6, 2024 to Mar 19, 2025
Insurance-licensed employees · 4 to 0
Nov 6, 2024 to Mar 19, 2025
Financial planning clients · unset to 51-100
Nov 6, 2024 to Mar 19, 2025
State-registered IARs · 3 to 2
Nov 6, 2024 to Mar 19, 2025
Discretionary RAUM · $199M to $181M
Nov 6, 2024 to Mar 19, 2025
HNW RAUM · $84.8M to $94.1M
Nov 6, 2024 to Mar 19, 2025
Individual RAUM · $104M to $76.4M
Nov 6, 2024 to Mar 19, 2025
Non-discretionary RAUM · $1.4M to $105,510
Nov 6, 2024 to Mar 19, 2025
Pension RAUM · $8.9M to $9.4M
Nov 6, 2024 to Mar 19, 2025

Signals

5 dated events

Alexander Jacob Rowe left Sapphire Blue Investment Partners for Lpl Financial Llc (registered 2025-07-09)
Jul 25, 2025 · Advisor changed firm · fact
Jackson Robert Paulishak left Sapphire Blue Investment Partners for Empirikal Partners Llc (registered 2024-03-18)
Apr 2, 2024 · Advisor changed firm · fact
Theodore Rex Drabing left Sapphire Blue Investment Partners for Spc (registered 2024-07-22)
Feb 13, 2024 · Advisor changed firm · fact
Sapphire Blue Investment Partners, Inc. reported succeeding to the business of Another Adviser (Form ADV Item 4)
Jul 28, 2022 · Succession (Item 4) · fact
Sapphire Blue Investment Partners filed its initial SEC registration (Form ADV)
Jan 29, 2018 · 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 phone: 810-714-9456reportedpublished by the firm, firm site, Sep 16, 2026
Business phone: 810-714-9562reportedpublished by the firm, firm site, Sep 16, 2026
Firm profile: linkedin.com/company/sapphire-blue-investment-partnersreportedpublic record, Form ADV, Sep 17, 2026
Website: sblueip.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: 810-714-9456reportedpublic record, Form ADV, Jul 6, 2026
Contact form: sapphireblueadvisors.stewardpartners.com/contact.htmreportedpublished by the firm, firm site, Sep 16, 2026
Team page: sapphireblueadvisors.stewardpartners.com/professionals.htmreportedpublished by the firm, firm site, Sep 16, 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: $100.0Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026