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

Croak Capital

Independent wealth managerToledo, OhioCRD 297666SEC 801-126464website IAPD

Legal name Croak Asset Management, LLC

Latest filing Apr 23, 2026

First filing on the tape Jul 29, 2022 · 13 filings

SEC status approved since Aug 31, 2022

RAUM

$364M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

95%

$344M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$52.0M

derived; firm RAUM over IAPD count

Employees

6 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

13 filings and snapshots on the tape

RAUM$364M as of Apr 23, 2026

Mar 28, 2023$143M then

HNW client RAUM$173M as of Apr 23, 2026

Mar 28, 2023$30.8M then

State-registered IARs (5.B.3)6 as of Apr 23, 2026

Mar 28, 20234 then

Employees (5.A)6 as of Apr 23, 2026

Mar 28, 20234 then

Private funds: no history

RAUM +21% over the last fiscal year+37% a year over threeIARs 6 to 6

Practice profile

derived from the filing of Apr 23, 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
Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets

RAUM per advisor: $52.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 111derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $1.9MderivedHNW RAUM over HNW clients
Average account: $175,048derivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 2.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 0.9derivedItem 5.A over advisors
Advisors per office: 7.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year: +21%derivedbetween the last two annual amendments
Advisor growth, one year: +0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year: -5.0%derived
Compensation: percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
Wrap fee program: $316MreportedItem 5.I
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)
marketing includes testimonials (5.L.1.c)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$173M48%
Individuals$171M47%
Charitable organizations$10.5M2.9%
Corporations and businesses$9.4M2.6%

Individual clients: 690reported
HNW clients: 90reported
Pension plan clients: 0reported
Charitable clients: 3reported
Accounts: 2,079reported
Financial planning clients: 251-500reported
Wrap fee programs: $0 sponsored, $0 managedreported
Custody of client assets: noreported
Compensation: % of AUM, fixed, hourlyreported
Class basis: private_client_share=0.95 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=1.0derived

Advisors registered through the firm

7 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Eric Timothy CroakCertified Financial Planner	Toledo, Oh	Jul 25, 2018	11 y	1
Timothy Robert CroakChartered Financial Consultant	Toledo, Oh	Jul 25, 2018	35 y	2
James E. Burnor	Toledo, Oh	Aug 7, 2019	27 y	1
Connor M. Hutchison	Toledo, Oh	Oct 28, 2019	19 y	0
Jeremy Alan Hartle	Toledo, Oh	Dec 7, 2021	13 y	1
Frances Kraus	Toledo, Oh	Nov 20, 2024	12 y	0
Jason ConnellCertified Financial Planner	Toledo, Oh	Mar 12, 2026	16 y	5

Advisor movement

1 left, 1 joined in 12 months

net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 14% of current headcount1 left over 36 months

Left, latest

Faith T Kieninger to LPL Financial LLC
Dec 23, 2025 · RIA to affiliated broker-dealer or bank
Nicklas E Norvell to Sound Income Strategies, LLC
Feb 23, 2023 · RIA to RIA
Thomas Michael Giovanoli to MML Investors Services, LLC
Jan 11, 2022 · RIA to affiliated broker-dealer or bank

Joined, latest

Jason Connell from Ameritas Advisory Services, LLC
Mar 12, 2026 · Affiliated broker-dealer or bank to independent RIA
Faith T Kieninger from Voya Financial Advisors, Inc.
Jan 2, 2024 · Affiliated broker-dealer or bank to independent RIA
Jeremy Alan Hartle from Transamerica Financial Advisors, LLC
Dec 7, 2021 · Affiliated broker-dealer or bank to independent RIA
James E. Burnor from MML Investors Services, LLC
Aug 7, 2019 · Affiliated broker-dealer or bank to independent RIA
Eric Timothy Croak from Ameritas Advisory Services
Jul 25, 2018 · Affiliated broker-dealer or bank to independent RIA
Timothy Robert Croak from Ameritas Advisory Services
Jul 25, 2018 · Affiliated broker-dealer or bank to independent RIA

Every departure Every arrival

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Timothy Eric Croak · Managing Member / Chief Compliance Officercontrol
since 05/2018 · owns less than 5%
Robert Timothy Croak · Managing Membercontrol
since 05/2018 · owns less than 5%
Timothy Eric Croak · Ownercontrol
since 09/2023 · owns 50% to 75% of Croak Capital, LLC
Robert Timothy Croak · Ownercontrol
since 09/2023 · owns 50% to 75% of Croak Capital, LLC

Entity owners

Croak Capital, LLC · Owner
direct · owns 75% or more

Related persons

Schedule D 7.A

Cam Insurance, LLC
real estatey
Cam Tax, LLC
insurancey

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
Toledo, Oh · principal	7	1	1

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

What changed

consecutive filings, newest first

Accounts · 2,027 to 2,079
Sep 22, 2025 to Mar 19, 2026
Charity clients · 2 to 3
Sep 22, 2025 to Mar 19, 2026
HNW clients · 59 to 90
Sep 22, 2025 to Mar 19, 2026
Individual clients · 762 to 690
Sep 22, 2025 to Mar 19, 2026
Financial planning clients · 0 to 251-500
Sep 22, 2025 to Mar 19, 2026
Discretionary RAUM · $298M to $364M
Sep 22, 2025 to Mar 19, 2026
HNW RAUM · $123M to $173M
Sep 22, 2025 to Mar 19, 2026
Individual RAUM · $169M to $171M
Sep 22, 2025 to Mar 19, 2026
Non-discretionary RAUM · $2.4M to $170,000
Sep 22, 2025 to Mar 19, 2026
RAUM · $300M to $364M
Sep 22, 2025 to Mar 19, 2026
Financial planning clients · 0 to 0
Mar 27, 2025 to Sep 22, 2025
Accounts · 1,881 to 2,027
Jan 2, 2025 to Mar 27, 2025
Advisory employees · 7 to 6
Jan 2, 2025 to Mar 27, 2025
Charity clients · 1 to 2
Jan 2, 2025 to Mar 27, 2025
HNW clients · 64 to 59
Jan 2, 2025 to Mar 27, 2025
Individual clients · 735 to 762
Jan 2, 2025 to Mar 27, 2025
Employees · 7 to 6
Jan 2, 2025 to Mar 27, 2025
Financial planning clients · 1-10 to 0
Jan 2, 2025 to Mar 27, 2025
State-registered IARs · 7 to 6
Jan 2, 2025 to Mar 27, 2025
Discretionary RAUM · $213M to $298M
Jan 2, 2025 to Mar 27, 2025
HNW RAUM · $103M to $123M
Jan 2, 2025 to Mar 27, 2025
Individual RAUM · $104M to $169M
Jan 2, 2025 to Mar 27, 2025
Non-discretionary RAUM · $526,508 to $2.4M
Jan 2, 2025 to Mar 27, 2025
RAUM · $213M to $300M
Jan 2, 2025 to Mar 27, 2025
Business name · CROAK ASSET MANAGEMENT to CROAK CAPITAL
Mar 26, 2024 to Sep 12, 2024
Accounts · 1,665 to 1,881
Dec 6, 2023 to Mar 26, 2024
Advisory employees · 4 to 7
Dec 6, 2023 to Mar 26, 2024
Charity clients · 0 to 1
Dec 6, 2023 to Mar 26, 2024
Corporate clients · 2 to 1
Dec 6, 2023 to Mar 26, 2024
HNW clients · 23 to 64
Dec 6, 2023 to Mar 26, 2024
Individual clients · 944 to 735
Dec 6, 2023 to Mar 26, 2024
Pension plan clients · 2 to 0
Dec 6, 2023 to Mar 26, 2024
Employees · 4 to 7
Dec 6, 2023 to Mar 26, 2024
State-registered IARs · 4 to 7
Dec 6, 2023 to Mar 26, 2024
Discretionary RAUM · $143M to $213M
Dec 6, 2023 to Mar 26, 2024
HNW RAUM · $30.8M to $103M
Dec 6, 2023 to Mar 26, 2024
Individual RAUM · $111M to $104M
Dec 6, 2023 to Mar 26, 2024
Non-discretionary RAUM · $137,600 to $526,508
Dec 6, 2023 to Mar 26, 2024
Pension RAUM · $137,600 to $0
Dec 6, 2023 to Mar 26, 2024
RAUM · $143M to $213M
Dec 6, 2023 to Mar 26, 2024

Signals

4 dated events

Faith T Kieninger left Croak Capital for Lpl Financial Llc (registered 2025-12-15)
Dec 23, 2025 · Advisor changed firm · fact
Nicklas E Norvell left Croak Capital for Sound Income Strategies, Llc (registered 2023-07-19)
Feb 23, 2023 · Advisor changed firm · fact
Croak Asset Management filed its initial SEC registration (Form ADV)
Jul 29, 2022 · First SEC registration · fact
Thomas Michael Giovanoli left Croak Capital for Mml Investors Services, Llc (registered 2022-04-27)
Jan 11, 2022 · Advisor changed firm · 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

Firm profile: linkedin.com/company/croakcapitalreportedpublic record, Form ADV, Sep 17, 2026
Website: croakcapital.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: 419-464-7000reportedpublic record, Form ADV, Apr 23, 2026
Contact form: croakcapital.com/contactreportedpublished by the firm, firm site, Sep 17, 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: $52.0Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026