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

H•••••••• A•••••••• I•••

Asset manager (funds and pooled vehicles)Milwaukee, WisconsinCRD 29433SEC 801-19074websiteIAPD
Latest filing Feb 26, 2026
First filing on the tape Mar 12, 2012 · 40 filings
SEC status approved since Jun 23, 1983
RAUM
$1.9B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
9.8%
$189M individuals and HNW
Advisors
14
registered through the firm on IAPD
RAUM per advisor
$137M
derived; firm RAUM over IAPD count
Employees
26
10 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
40 filings and snapshots on the tape
RAUM$1.9B as of Feb 26, 2026
Mar 12, 2012$4.9B then
HNW client RAUM$168M as of Feb 26, 2026
Mar 9, 2018$88.9M then
State-registered IARs (5.B.3)15 as of Feb 26, 2026
Mar 12, 20120 then
Employees (5.A)26 as of Feb 26, 2026
Mar 15, 201350 then
Private funds: no history
RAUM +1.8% over the last fiscal year+4.3% a year over threeIARs 14 to 15
Practice profile
derived from the filing of Feb 26, 2026; every figure names its basis
RAUM per advisor
$137MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
6derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.5MderivedHNW RAUM over HNW clients
Average account
$20.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.9derivedItem 5.A over advisors
Advisors per office
14.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+1.8%derivedbetween the last two annual amendments
Advisor growth, one year
+7.1%derivedItem 5.B.3 between annual amendments
Client growth, one year
+2.6%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companiesreportedItem 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
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$1.6B86%
  • High-net-worth individuals$168M8.7%
  • Corporations and businesses$56.1M2.9%
  • Charitable organizations$21.5M1.1%
  • Individuals$21.2M1.1%
  • Pension and profit-sharing plans$11.4M0.6%
Individual clients
32reported
HNW clients
48reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
93reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.1 fund_share=0.86 institutional_share=0.02 related_bd=false related_bank=false bd_reps=18.0derived
Advisors registered through the firm
14 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
K•••• D•••••• C••••Milwaukee, WiJan 10, 200238 y0
W•••••• J••• N••••••••Milwaukee, WiNov 12, 200346 y1
W•••••• R•••••• N••••••••Milwaukee, WiMay 30, 200622 y0
M•••••• D•••• K•••Milwaukee, WiDec 11, 200927 y2
N••••• J••••••• B•••Milwaukee, WiJun 28, 201028 y1
A••••• J••• F••••••Chartered Financial AnalystMilwaukee, WiOct 14, 201313 y0
C•••• P•••••• M••••Chartered Financial AnalystMilwaukee, WiOct 18, 201324 y0
T••• W•••••• M••••••Chartered Financial AnalystMilwaukee, WiOct 16, 201412 y0
L•••• M•••• L•••••Milwaukee, WiJun 7, 201814 y0
J•••••• J•••• K•••Milwaukee, WiOct 8, 201933 y2
M•••••• J••• W••••••Milwaukee, WiApr 20, 202010 y0
J•••• S•••• W•••••••Milwaukee, WiMar 31, 202110 y0
K•••• A•• L•••••Milwaukee, WiNov 1, 202229 y1
W•••••• B•••••• V••••Milwaukee, WiNov 5, 202511 y0
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 headcount2 left over 36 months
Left, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • B•••• N•••••• J••••••• · Senior Vice President, Chief Financial Officer & Chief Adminstrative Officercontrol
    since 05/2010 · owns less than 5%
  • F••••••• A•••••• J••• · Vice President & Portfolio Managercontrol
    since 06/2012 · owns less than 5%
  • K•••• M••••••• D•••• · Vice President Of Salescontrol
    since 10/2009 · owns less than 5%
  • M••••••• T•••• W•••••• · Vice President & Portfolio Managercontrol
    since 06/2014 · owns less than 5%
  • M••••• C••••• P•••••• · Vice President & Portfolio Managercontrol
    since 06/2009 · owns less than 5%
  • N••••••••• W••••••• J••• · Director & Chairmancontrol
    since 03/1985 · owns less than 5%
  • N••••••••• W••••••• R•••••• · Director, Chief Executive Officer & Portfolio Managercontrol
    since 05/2006 · owns less than 5%
  • P•••• V•••••• K••• · Vice President, Chief Compliance Officer, General Counsel & Secretarycontrol
    since 08/2008 · owns less than 5%
  • N••••••••• W••••••• R•••••• · Director & Chief Executive Officer &Trustee Of Trustscontrol
    since 05/2006 · owns 75% or more of H•••••••• H•••••••• I•••
Entity owners
  • H•••••••• H•••••••• I••• · Shareholder
    direct · owns 75% or more
  • W•••••• J• N•••••••• G•••••• R••••••• A•••••• T•••• · Trust
    indirect · owns 25% to 50% of H•••••••• H•••••••• I•••
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Milwaukee, Wi · principal1410
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 92 to 93
    Aug 14, 2025 to Feb 26, 2026
  • BD registered reps · 17 to 18
    Aug 14, 2025 to Feb 26, 2026
  • HNW clients · 40 to 48
    Aug 14, 2025 to Feb 26, 2026
  • Individual clients · 38 to 32
    Aug 14, 2025 to Feb 26, 2026
  • State-registered IARs · 14 to 15
    Aug 14, 2025 to Feb 26, 2026
  • Discretionary RAUM · $1.9B to $1.9B
    Aug 14, 2025 to Feb 26, 2026
  • HNW RAUM · $128M to $168M
    Aug 14, 2025 to Feb 26, 2026
  • Individual RAUM · $21.8M to $21.2M
    Aug 14, 2025 to Feb 26, 2026
  • Pension RAUM · $11.7M to $11.4M
    Aug 14, 2025 to Feb 26, 2026
  • RAUM · $1.9B to $1.9B
    Aug 14, 2025 to Feb 26, 2026
  • Accounts · 98 to 92
    Feb 28, 2024 to Feb 28, 2025
  • Advisory employees · 9 to 10
    Feb 28, 2024 to Feb 28, 2025
  • BD registered reps · 15 to 17
    Feb 28, 2024 to Feb 28, 2025
  • HNW clients · 41 to 40
    Feb 28, 2024 to Feb 28, 2025
  • Individual clients · 40 to 38
    Feb 28, 2024 to Feb 28, 2025
  • Employees · 25 to 26
    Feb 28, 2024 to Feb 28, 2025
  • Financial planning clients · unset to
    Feb 28, 2024 to Feb 28, 2025
  • State-registered IARs · 13 to 14
    Feb 28, 2024 to Feb 28, 2025
  • Discretionary RAUM · $2.0B to $1.9B
    Feb 28, 2024 to Feb 28, 2025
  • HNW RAUM · $119M to $128M
    Feb 28, 2024 to Feb 28, 2025
  • Individual RAUM · $23.7M to $21.8M
    Feb 28, 2024 to Feb 28, 2025
  • Pension RAUM · $10.7M to $11.7M
    Feb 28, 2024 to Feb 28, 2025
  • RAUM · $2.0B to $1.9B
    Feb 28, 2024 to Feb 28, 2025
  • Accounts · 93 to 98
    Mar 2, 2023 to Feb 28, 2024
  • Advisory employees · 10 to 9
    Mar 2, 2023 to Feb 28, 2024
  • BD registered reps · 18 to 15
    Mar 2, 2023 to Feb 28, 2024
  • Charity clients · 2.0 to unset
    Mar 2, 2023 to Feb 28, 2024
  • Corporate clients · 6 to 7
    Mar 2, 2023 to Feb 28, 2024
  • HNW clients · 40 to 41
    Mar 2, 2023 to Feb 28, 2024
  • Individual clients · 39 to 40
    Mar 2, 2023 to Feb 28, 2024
  • Pension plan clients · 2.0 to unset
    Mar 2, 2023 to Feb 28, 2024
  • Employees · 27 to 25
    Mar 2, 2023 to Feb 28, 2024
  • State-registered IARs · 16 to 13
    Mar 2, 2023 to Feb 28, 2024
  • Discretionary RAUM · $1.7B to $2.0B
    Mar 2, 2023 to Feb 28, 2024
  • HNW RAUM · $108M to $119M
    Mar 2, 2023 to Feb 28, 2024
  • Individual RAUM · $20.7M to $23.7M
    Mar 2, 2023 to Feb 28, 2024
  • Pension RAUM · $9.7M to $10.7M
    Mar 2, 2023 to Feb 28, 2024
  • RAUM · $1.7B to $2.0B
    Mar 2, 2023 to Feb 28, 2024
  • Accounts · 97 to 93
    Apr 18, 2022 to Mar 1, 2023
  • BD registered reps · 17 to 18
    Apr 18, 2022 to Mar 1, 2023
Signals
6 dated events
  • C••••• C• M•••••• left H•••••••• A•••••••• I••• for W•••••• P••••••• L•• (registered 2025-09-17)
    Sep 4, 2025 · Advisor changed firm · fact
  • C••••••• C••••• D••••• left H•••••••• A•••••••• I••• for W•••••• B•••• • C•••••• L••••• (registered 2024-08-26)
    Aug 27, 2024 · Advisor changed firm · fact
  • Allen Bradford Evans (Senior Vice President & Portfolio Manager) no longer on Schedule A of H•••••••• A•••••••• I••• (listed 2023-03-02, absent 2024-02-28)
    Feb 28, 2024 · Control person left · inference
  • Jason Matthew Miner (Director, Vice President, Chief Risk Officer & Director Of Trading) no longer on Schedule A of H•••••••• A•••••••• I••• (listed 2022-03-02, absent 2022-04-18)
    Apr 18, 2022 · Control person left · inference
  • William Troy Mcglone (Vice President & Portfolio Manager) appeared on Schedule A of H•••••••• A•••••••• I•••
    Mar 1, 2022 · Control person joined · fact
  • Douglas Kevin Clark (Senior Vice President Equity Trading) no longer on Schedule A of H•••••••• A•••••••• I••• (listed 2021-03-01, absent 2022-03-01)
    Mar 1, 2022 · Control person left · inference
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
Firm profile
LINKEDIN.COM/COMPANY/H••••••••-ADVISORS-INCreportedpublic record, Form ADV, Sep 19, 2026
Website
H••••••••FUNDS.COMreportedpublic record, Form ADV, Sep 19, 2026
Principal office phone
414-347-7777reportedpublic record, Form ADV, Feb 26, 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
Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
RAUM per advisor
$137Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026