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
R••••••••• • A••••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Jun 13, 2018 · 30 filings
SEC status approved since Mar 24, 2020
RAUM
$212M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
97%
$205M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$52.9M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$212M as of Mar 31, 2026
Mar 5, 2021$127M then
HNW client RAUM$154M as of Mar 31, 2026
Mar 5, 2021$88.6M then
State-registered IARs (5.B.3)4 as of Mar 31, 2026
Mar 5, 20214 then
Employees (5.A)4 as of Mar 31, 2026
Mar 5, 20214 then
Private funds: no history
RAUM +24% over the last fiscal year+18% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 31, 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
- RAUM per advisor
- $52.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 68derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.9MderivedHNW RAUM over HNW clients
- Average account
- $348,626derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 3.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +24%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +1.1%derived
- Compensation
- percentage of assets, commissionsreportedItem 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)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$154M73%
- Individuals$51.0M24%
- Pension and profit-sharing plans$6.3M3.0%
- Individual clients
- 192reported
- HNW clients
- 80reported
- Pension plan clients
- 2reported
- Charitable clients
- 0reported
- Accounts
- 607reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, commissionsreported
- Class basis
- private_client_share=0.97 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| P•••••• T••••••• R••• | Plymouth, Mn | Aug 3, 2018 | 32 y | 0 |
| C•••• T•••••• R••• | Plymouth, Mn | Jun 12, 2019 | 24 y | 0 |
| E••• W•••••• M•••••••• | Plymouth, Mn | Sep 25, 2020 | 38 y | 0 |
| S••••• P•••••• R••• | Plymouth, Mn | Jan 22, 2026 | 10 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 headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- J••••••• A••••••• R• · Managing Member & Chief Compliance Officercontrolsince 06/1998 · owns 50% to 75%
- R•••• P••••••• T••••••• · Membercontrolsince 06/1998 · 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 |
|---|---|---|---|---|---|
| Plymouth, Mn · principal | 4 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- compensation changedChange between filings · filing Mar 31, 2026commissions (Item 5.E.5): no on the filing of 2025-06-30, yes on the filing of 2026-03-31peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 566 to 607Jun 30, 2025 to Mar 31, 2026
- Advisory employees · 4 to 3Jun 30, 2025 to Mar 31, 2026
- HNW clients · 55 to 80Jun 30, 2025 to Mar 31, 2026
- Individual clients · 214 to 192Jun 30, 2025 to Mar 31, 2026
- Commission compensation · false to trueJun 30, 2025 to Mar 31, 2026
- Discretionary RAUM · $165M to $205MJun 30, 2025 to Mar 31, 2026
- HNW RAUM · $110M to $154MJun 30, 2025 to Mar 31, 2026
- Individual RAUM · $55.4M to $51.0MJun 30, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $5.4M to $6.3MJun 30, 2025 to Mar 31, 2026
- Pension RAUM · $5.4M to $6.3MJun 30, 2025 to Mar 31, 2026
- RAUM · $170M to $212MJun 30, 2025 to Mar 31, 2026
- Financial planning clients · 251-500 to 251-500Apr 24, 2025 to Jun 30, 2025
- Employees · 5 to 4Feb 3, 2025 to Apr 24, 2025
- State-registered IARs · 5 to 4Feb 3, 2025 to Apr 24, 2025
- Accounts · 495 to 566Jan 28, 2025 to Feb 3, 2025
- HNW clients · 50 to 55Jan 28, 2025 to Feb 3, 2025
- Individual clients · 188 to 214Jan 28, 2025 to Feb 3, 2025
- Discretionary RAUM · $145M to $165MJan 28, 2025 to Feb 3, 2025
- HNW RAUM · $94.5M to $110MJan 28, 2025 to Feb 3, 2025
- Individual RAUM · $50.9M to $55.4MJan 28, 2025 to Feb 3, 2025
- Non-discretionary RAUM · $5.1M to $5.4MJan 28, 2025 to Feb 3, 2025
- Pension RAUM · $5.1M to $5.4MJan 28, 2025 to Feb 3, 2025
- RAUM · $150M to $170MJan 28, 2025 to Feb 3, 2025
- Employees · 4 to 5Mar 7, 2024 to Apr 29, 2024
- State-registered IARs · 4 to 5Mar 7, 2024 to Apr 29, 2024
- Accounts · 428 to 495Jul 26, 2023 to Mar 7, 2024
- HNW clients · 41 to 50Jul 26, 2023 to Mar 7, 2024
- Individual clients · 164 to 188Jul 26, 2023 to Mar 7, 2024
- Pension plan clients · 0 to 2Jul 26, 2023 to Mar 7, 2024
- Financial planning clients · 101-250 to 251-500Jul 26, 2023 to Mar 7, 2024
- Discretionary RAUM · $126M to $145MJul 26, 2023 to Mar 7, 2024
- HNW RAUM · $83.4M to $94.5MJul 26, 2023 to Mar 7, 2024
- Individual RAUM · $46.8M to $50.9MJul 26, 2023 to Mar 7, 2024
- Non-discretionary RAUM · $4.3M to $5.1MJul 26, 2023 to Mar 7, 2024
- Pension RAUM · $0 to $5.1MJul 26, 2023 to Mar 7, 2024
- RAUM · $130M to $150MJul 26, 2023 to Mar 7, 2024
- Accounts · 398 to 428Feb 1, 2022 to Mar 18, 2023
- HNW clients · 36 to 41Feb 1, 2022 to Mar 18, 2023
- Individual clients · 157 to 164Feb 1, 2022 to Mar 18, 2023
- Discretionary RAUM · $134M to $126MFeb 1, 2022 to Mar 18, 2023
Signals
1 dated events
- R••••••••• • A••••••••• L•• filed its initial SEC registration (Form ADV)Jun 13, 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 email
- p••@r•••••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- r••••••@r•••••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- s•••••••@r•••••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 763-560-2127reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- R•••••••••WEB.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 763-560-2127reportedpublic record, Form ADV, Mar 31, 2026
- Contact form
- r•••••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- r•••••••••.comreportedpublished 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
- $52.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026