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
Canopy Wealth Management
Legal name Ern Financial, LLC
Latest filing Apr 8, 2026
First filing on the tape Jul 2, 2018 · 31 filings
SEC status approved since Aug 2, 2018
RAUM
$1.2B
reported, Item 5.F
Discretionary
93%
of RAUM
Private clients
99%
$1.1B individuals and HNW
Advisors
10
registered through the firm on IAPD
RAUM per advisor
$115M
derived; firm RAUM over IAPD count
Employees
12
7 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$1.2B as of Apr 8, 2026
Mar 1, 2019$583M then
HNW client RAUM$1.0B as of Apr 8, 2026
Mar 1, 2019$487M then
State-registered IARs (5.B.3)9 as of Apr 8, 2026
Mar 1, 20195 then
Employees (5.A)12 as of Apr 8, 2026
Mar 1, 20198 then
Private funds: no history
RAUM -22% over the last fiscal year+2.4% a year over threeIARs 13 to 9offices 2 to 3
Practice profile
derived from the filing of Apr 8, 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
- $115MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 59derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.5MderivedHNW RAUM over HNW clients
- Average account
- $442,430derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 93%derivedof RAUM
- Institutional
- 1.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 2.5derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- -22%derivedbetween the last two annual amendments
- Advisor growth, one year
- -31%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -39%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, publications, educational seminarsreportedItem 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)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$1.0B88%
- Individuals$123M11%
- Charitable organizations$11.3M1.0%
- Pension and profit-sharing plans$2.0M0.2%
- Corporations and businesses$206,5940.0%
- Individual clients
- 299reported
- HNW clients
- 293reported
- Pension plan clients
- 1reported
- Charitable clients
- 5reported
- Accounts
- 2,608reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
10 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| David Michael Muehl | Middleton, Wi | Aug 15, 2018 | 23 y | 2 |
| Eric David RaetherCertified Financial Planner | Middleton, Wi | Aug 15, 2018 | 34 y | 2 |
| Ernest Patrick MoosherrChartered Financial Consultant | Birmingham, Mi | Aug 17, 2018 | 38 y | 0 |
| Mark Gregory BuchananCertified Financial Planner | Middleton, Wi | Jun 22, 2021 | 13 y | 0 |
| Reyn Eichenlaub | Middleton, Wi | May 10, 2022 | 11 y | 0 |
| Melodie Kay AceChartered Financial Consultant | Middleton, Wi | Jan 20, 2023 | 25 y | 6 |
| Brian James Kopp | Middleton, Wi | Nov 12, 2024 | 19 y | 1 |
| Trent Jacob Hinton | Middleton, Wi | Jun 23, 2025 | 10 y | 0 |
| Frederick Haas Moosherr | Birmingham, Mi | Jul 25, 2025 | 11 y | 0 |
| Ernest Devan Moosherr | Birmingham, Mi | Nov 13, 2025 | 11 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 headcount8 left over 36 months
Left, latest
- Chad Frederick Wing to Petrichor Asset Management LLCJun 3, 2025 · Other
- Alexander David Mitchell to Cerity Partners LLCJun 3, 2025 · RIA to RIA
- Kelly Elizabeth Meyer to Cerity Partners LLCJun 3, 2025 · RIA to RIA
- Johnathon J Campion to Cerity Partners LLCJun 3, 2025 · RIA to RIA
- Drew Louis Kootman to Petrichor Asset Management LLCJun 3, 2025 · Other
- Dustin Elliott Brutton to Cerity Partners LLCJun 3, 2025 · RIA to RIA
- Joseph Mayone to FartherMar 27, 2025 · RIA to RIA
- Scott Owen Conwell to Harbour Investments, Inc.Jan 23, 2024 · RIA to RIA
- Richard Edward Mida to Palatine Hill Wealth ManagementFeb 24, 2022 · RIA to RIA
Joined, latest
- Brian James Kopp from Cuna Brokerage Services, Inc.Nov 12, 2024 · Affiliated broker-dealer or bank to independent RIA
- Alexander David Mitchell from Merrill Lynch, Pierce, Fenner & Smith IncorporatedAug 30, 2024 · Wirehouse to independent RIA
- Melodie Kay Ace from Ameriprise Financial Services, LLCJan 20, 2023 · Affiliated broker-dealer or bank to independent RIA
- Kelly Elizabeth Meyer from Merrill Lynch, Pierce, Fenner & Smith IncorporatedApr 6, 2022 · Wirehouse to independent RIA
- Drew Louis Kootman from Cerity Partners LLCMar 14, 2022 · RIA to RIA
- Chad Frederick Wing from Northwestern Mutual Investment Services,LLCJun 19, 2021 · Other
- Dustin Elliott Brutton from Northwestern Mutual Investment Services,LLCJun 19, 2021 · Other
- Scott Owen Conwell from Northwestern Mutual Investment Services,LLCAug 15, 2018 · Other
- David Michael Muehl from Northwestern Mutual Investment Services,LLCAug 15, 2018 · Other
- Eric David Raether from Northwestern Mutual Wealth Management CompanyAug 15, 2018 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for Cerity Partners LLCJun 3, 2025 · Scottsdale, Az
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Gregory Mark Buchanan · Chief Compliance Officer/Coocontrolsince 12/2023 · owns less than 5%
- Patrick Ernest Moosherr · Chief Executive Officercontrolsince 05/2018 · owns less than 5%
- David Eric Raether · Presidentcontrolsince 05/2018 · owns less than 5%
- Frederick Chad Wing · Vice Presidentcontrolsince 06/2021 · owns less than 5%
- Patrick Ernest Moosherr · Membercontrolsince 05/2018 · owns 75% or more of Ern Michigan, Inc.
- David Eric Raether · Membercontrolsince 05/2018 · owns 75% or more of Ern Wisconsin, Inc.
- Frederick Chad Wing · Membercontrolsince 06/2021 · owns 75% or more of Ern-Cd Arizona
- Michael David Muehl · Membersince 05/2018 · owns 25% to 50% of Ern Wisconsin, Inc.
Entity owners
- Ern Michigan, Inc. · Memberdirect · owns 25% to 50%
- Ern Wisconsin, Inc. · Memberdirect · owns 25% to 50%
- Ern-Cd Arizona · Memberdirect · owns 25% to 50%
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 |
|---|---|---|---|---|---|
| Middleton, Wi · principal | 10 | 1 | 0 | ||
| Birmingham, Mi | 4 | 1 | 0 | ||
| Scottsdale, Az | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Scottsdale, AZ5 employees
- Birmingham, MI3 employees
ADV anomalies
6 against comparable advisers; where to look, not conclusions
- account count collapseChange between filings · filing Apr 8, 2026accounts (Item 5.F.2.f) moved from 4,059.0 to 2,608.0 (-36.0%) between the annual amendments of 2025-02-18 and 2026-04-08; the peer median change was +6.0% (1206 comparable advisers, 2.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,206) · 2.5% percentile
- advisor count dropChange between filings · filing Apr 8, 2026advisory representatives (Item 5.B.3) moved from 13.0 to 9.0 (-31.0%) between the annual amendments of 2025-02-18 and 2026-04-08; the peer median change was 0.0% (999 comparable advisers, 2.0th percentile of changes)peers: independent wealth managers, $1B to $5B (999) · 1.5% percentile
- client count collapseChange between filings · filing Apr 8, 2026individual and HNW clients (Item 5.D) moved from 975.0 to 592.0 (-39.0%) between the annual amendments of 2025-02-18 and 2026-04-08; the peer median change was +5.0% (1132 comparable advisers, 2.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,132) · 1.8% percentile
- control person changedChange between filings · filing Apr 8, 2026MOOSHERR, ERNEST, PATRICK (CHIEF EXECUTIVE OFFICER) left Schedule A between the filings of 2024-01-17 and 2026-04-08peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Apr 8, 2026WING, CHAD, FREDERICK (VICE PRESIDENT) left Schedule A between the filings of 2024-01-17 and 2026-04-08peers: independent wealth managers, $1B to $5B (1,360)
- employee count dropChange between filings · filing Apr 8, 2026employees (Item 5.A) moved from 20.0 to 12.0 (-40.0%) between the annual amendments of 2025-02-18 and 2026-04-08; the peer median change was +4.0% (1050 comparable advisers, 1.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,050) · 0.7% percentile
What changed
consecutive filings, newest first
- Advisory employees · 8 to 7Feb 12, 2026 to Apr 8, 2026
- Employees · 13 to 12Feb 12, 2026 to Apr 8, 2026
- State-registered IARs · 10 to 9Feb 12, 2026 to Apr 8, 2026
- Accounts · 4,059 to 2,608Jun 18, 2025 to Feb 12, 2026
- Advisory employees · 7 to 8Jun 18, 2025 to Feb 12, 2026
- Charity clients · 12 to 5Jun 18, 2025 to Feb 12, 2026
- HNW clients · 401 to 293Jun 18, 2025 to Feb 12, 2026
- Individual clients · 574 to 299Jun 18, 2025 to Feb 12, 2026
- Pension plan clients · 2 to 1Jun 18, 2025 to Feb 12, 2026
- Assets in custody · $1.1M to $27.1MJun 18, 2025 to Feb 12, 2026
- Employees · 14 to 13Jun 18, 2025 to Feb 12, 2026
- State-registered IARs · 7 to 10Jun 18, 2025 to Feb 12, 2026
- Discretionary RAUM · $1.2B to $1.1BJun 18, 2025 to Feb 12, 2026
- HNW RAUM · $1.2B to $1.0BJun 18, 2025 to Feb 12, 2026
- Individual RAUM · $238M to $123MJun 18, 2025 to Feb 12, 2026
- Non-discretionary RAUM · $234M to $77.7MJun 18, 2025 to Feb 12, 2026
- Pension RAUM · $4.1M to $2.0MJun 18, 2025 to Feb 12, 2026
- RAUM · $1.5B to $1.2BJun 18, 2025 to Feb 12, 2026
- Advisory employees · 13 to 7Feb 18, 2025 to Jun 18, 2025
- Employees · 20 to 14Feb 18, 2025 to Jun 18, 2025
- Financial planning clients · 1-10 to 1-10Feb 18, 2025 to Jun 18, 2025
- State-registered IARs · 13 to 7Feb 18, 2025 to Jun 18, 2025
- Other offices · 2 to 3Feb 18, 2025 to Jun 18, 2025
- Accounts · 3,843 to 4,059Nov 20, 2024 to Feb 18, 2025
- Advisory employees · 10 to 13Nov 20, 2024 to Feb 18, 2025
- Charity clients · 11 to 12Nov 20, 2024 to Feb 18, 2025
- Corporate clients · 2 to 3Nov 20, 2024 to Feb 18, 2025
- HNW clients · 362 to 401Nov 20, 2024 to Feb 18, 2025
- Individual clients · 552 to 574Nov 20, 2024 to Feb 18, 2025
- Pension plan clients · 1 to 2Nov 20, 2024 to Feb 18, 2025
- Assets in custody · $7.3M to $1.1MNov 20, 2024 to Feb 18, 2025
- State-registered IARs · 10 to 13Nov 20, 2024 to Feb 18, 2025
- Discretionary RAUM · $1.1B to $1.2BNov 20, 2024 to Feb 18, 2025
- HNW RAUM · $1.0B to $1.2BNov 20, 2024 to Feb 18, 2025
- Individual RAUM · $240M to $238MNov 20, 2024 to Feb 18, 2025
- Non-discretionary RAUM · $185M to $234MNov 20, 2024 to Feb 18, 2025
- Pension RAUM · $3.7M to $4.1MNov 20, 2024 to Feb 18, 2025
- RAUM · $1.3B to $1.5BNov 20, 2024 to Feb 18, 2025
- Advisory employees · 11 to 10Apr 17, 2024 to Aug 6, 2024
- Employees · 21 to 20Apr 17, 2024 to Aug 6, 2024
Signals
15 dated events
- Johnathon J Campion left Canopy Wealth Management for Cerity Partners Llc (registered 2025-06-12)Jun 3, 2025 · Advisor changed firm · fact
- Kelly Elizabeth Meyer left Canopy Wealth Management for Cerity Partners Llc (registered 2025-06-12)Jun 3, 2025 · Advisor changed firm · fact
- Dustin Elliott Brutton left Canopy Wealth Management for Cerity Partners Llc (registered 2025-06-11)Jun 3, 2025 · Advisor changed firm · fact
- Drew Louis Kootman left Canopy Wealth Management for Petrichor Asset Management Llc (registered 2024-07-11)Jun 3, 2025 · Advisor changed firm · fact
- Chad Frederick Wing left Canopy Wealth Management for Petrichor Asset Management Llc (registered 2024-07-15)Jun 3, 2025 · Advisor changed firm · fact
- Alexander David Mitchell left Canopy Wealth Management for Cerity Partners Llc (registered 2025-06-11)Jun 3, 2025 · Advisor changed firm · fact
- 2 advisors left Canopy Wealth Management (Scottsdale, AZ) for Cerity Partners LLC on the same dayJun 3, 2025 · Team lift-out · derived
- Joseph Mayone left Canopy Wealth Management for Farther (registered 2025-03-20)Mar 27, 2025 · Advisor changed firm · fact
- Scott Owen Conwell left Canopy Wealth Management for Harbour Investments, Inc. (registered 2024-01-29)Jan 23, 2024 · Advisor changed firm · fact
- O Scott Conwell (Chief Compliance Officer) no longer on Schedule A of Canopy Wealth Management (listed 2023-03-09, absent 2024-01-17)Jan 17, 2024 · Control person left · inference
- Gregory Mark Buchanan (Chief Compliance Officer/Coo) appeared on Schedule A of Canopy Wealth ManagementJan 17, 2024 · Control person joined · fact
- Canopy Wealth Management reported RAUM $1.2B, up 64% from $716.3M (2021-06-19 to 2022-03-29)Mar 29, 2022 · RAUM change · derived
- Richard Edward Mida left Canopy Wealth Management for Palatine Hill Wealth Management (registered 2022-03-01)Feb 24, 2022 · Advisor changed firm · fact
- Frederick Chad Wing (Vice President) appeared on Schedule A of Canopy Wealth ManagementJun 19, 2021 · Control person joined · fact
- Canopy Wealth Management filed its initial SEC registration (Form ADV)Jul 2, 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
- info@canopy-wealth.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- christine@canopy-wealth.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 480-808-4350reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 608-662-9018reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 248-663-7505reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/canopy-wealth-managementreportedpublic record, Form ADV, Sep 17, 2026
- Website
- CANOPY-WEALTH.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 608-662-9018reportedpublic record, Form ADV, Apr 8, 2026
- Team page
- canopy-wealth.com/teamreportedpublished by the firm, firm site, Sep 15, 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
- $115Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026