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
T••••••• F••• A•••••••• L••
Latest filing Apr 8, 2026
First filing on the tape Oct 5, 2018 · 22 filings
SEC status approved since Nov 2, 2018
RAUM
$170M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$170M
derived; firm RAUM over IAPD count
Employees
7
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$170M as of Apr 8, 2026
Apr 4, 2023$158M then
HNW client RAUM$0 as of Apr 8, 2026
Mar 31, 2019$0 then
State-registered IARs (5.B.3)2 as of Apr 8, 2026
Mar 31, 20192 then
Employees (5.A)7 as of Apr 8, 2026
Mar 31, 20195 then
Private funds: no history
RAUM +3.9% over the last fiscal year+2.4% a year over threeIARs 1 to 2
Practice profile
derived from the filing of Apr 8, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $170MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $42.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 7.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +3.9%derivedbetween the last two annual amendments
- Advisor growth, one year
- +100%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for investment companies, 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
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$170M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 4reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
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
- H•••••• K••••• C•••• · Chief Operating Officercontrolsince 09/2019 · owns less than 5%
- H••••••• R•••••• L•• · Chief Compliance Officercontrolsince 12/2023 · owns less than 5%
- H•••••• D•••• K••• · Chief Executive Officercontrolsince 06/2018 · owns 75% or more
- S••••••• K••••• A••••• · Presidentcontrolsince 10/2023 · owns less than 5%
- H•••••• D•••• K••• · Sole Member & Ceocontrolsince 05/1991 · owns 75% or more of Horter Investment Management, LLC
Entity owners
- H••••• I••••••••• M••••••••• L•• · Memberdirect · owns 10% to 25%
Related persons
Schedule D 7.A
- H••••• F•••••••• S••••••••• L••real estaten
- Horter Investment Management, LLCinvestment advisernRAUM $314M
Advisers that list T••••••• F••• A•••••••• L•• as a related person
- 119880 n
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- employee count dropChange between filings · filing Apr 8, 2026employees (Item 5.A) moved from 10.0 to 7.0 (-30.0%) between the annual amendments of 2025-03-06 and 2026-04-08; the peer median change was 0.0% (393 comparable advisers, 7.0th percentile of changes)peers: asset managers, $100M to $500M (393) · 6.9% percentile
What changed
consecutive filings, newest first
- Accounts · 10 to 4Mar 6, 2025 to Feb 20, 2026
- Advisory employees · 5 to 3Mar 6, 2025 to Feb 20, 2026
- Employees · 10 to 7Mar 6, 2025 to Feb 20, 2026
- Insurance-licensed employees · 3 to 2Mar 6, 2025 to Feb 20, 2026
- State-registered IARs · 1 to 2Mar 6, 2025 to Feb 20, 2026
- Discretionary RAUM · $163M to $170MMar 6, 2025 to Feb 20, 2026
- RAUM · $163M to $170MMar 6, 2025 to Feb 20, 2026
- Accounts · 4 to 10Nov 14, 2024 to Mar 6, 2025
- Financial planning clients · 0 to 0Nov 14, 2024 to Mar 6, 2025
- Discretionary RAUM · $140M to $163MNov 14, 2024 to Mar 6, 2025
- RAUM · $140M to $163MNov 14, 2024 to Mar 6, 2025
- Advisory employees · 1 to 5Feb 21, 2024 to Mar 25, 2024
- Employees · 5 to 10Feb 21, 2024 to Mar 25, 2024
- Insurance-licensed employees · 1 to 3Feb 21, 2024 to Mar 25, 2024
- Discretionary RAUM · $158M to $140MFeb 21, 2024 to Mar 25, 2024
- RAUM · $158M to $140MFeb 21, 2024 to Mar 25, 2024
- Accounts · 5 to 4Sep 1, 2022 to Apr 4, 2023
- Employees · 4 to 5Sep 1, 2022 to Apr 4, 2023
- Discretionary RAUM · $189M to $158MSep 1, 2022 to Apr 4, 2023
- RAUM · $189M to $158MSep 1, 2022 to Apr 4, 2023
- Accounts · unset to 5.0Jun 24, 2022 to Sep 1, 2022
- Discretionary RAUM · unset to 188688549.0Jun 24, 2022 to Sep 1, 2022
- Non-discretionary RAUM · unset to 0.0Jun 24, 2022 to Sep 1, 2022
- RAUM · unset to 188688549.0Jun 24, 2022 to Sep 1, 2022
- Employees · 6 to 4Mar 30, 2022 to Jun 24, 2022
- Advisory employees · 2 to 1Jun 2, 2020 to Mar 31, 2021
- Employees · 5 to 6Nov 20, 2019 to Jun 2, 2020
- Accounts · 0.0 to unsetNov 20, 2019 to Jun 2, 2020
- Discretionary RAUM · 0.0 to unsetNov 20, 2019 to Jun 2, 2020
- Non-discretionary RAUM · 0.0 to unsetNov 20, 2019 to Jun 2, 2020
- RAUM · 0.0 to unsetNov 20, 2019 to Jun 2, 2020
- Advisory activities · 1 to 2Nov 13, 2019 to Nov 20, 2019
- Accounts · unset to 0.0Aug 9, 2019 to Oct 18, 2019
- Discretionary RAUM · unset to 0.0Aug 9, 2019 to Oct 18, 2019
- Non-discretionary RAUM · unset to 0.0Aug 9, 2019 to Oct 18, 2019
- RAUM · unset to 0.0Aug 9, 2019 to Oct 18, 2019
- Insurance-licensed employees · 2 to 1Mar 31, 2019 to Aug 9, 2019
- State-registered IARs · 2 to 1Mar 31, 2019 to Aug 9, 2019
Signals
9 dated events
- Andrew Keith Schmidt (President) appeared on Schedule A of Tactical Fund Advisors, LlcMar 25, 2024 · Control person joined · fact
- David Jason Long (Chief Compliance Officer) no longer on Schedule A of Tactical Fund Advisors, Llc (listed 2023-04-04, absent 2024-02-21)Feb 21, 2024 · Control person left · inference
- Lee Robert Hopkins (Chief Compliance Officer) appeared on Schedule A of Tactical Fund Advisors, LlcFeb 21, 2024 · Control person joined · fact
- Pace James Malgeri (Chief Operating Officer) no longer on Schedule A of Tactical Fund Advisors, Llc (listed 2022-03-30, absent 2022-06-24)Jun 24, 2022 · Control person left · inference
- Pace James Malgeri (Chief Operating Officer) appeared on Schedule A of Tactical Fund Advisors, LlcOct 25, 2021 · Control person joined · fact
- David Jason Long (Chief Compliance Officer) appeared on Schedule A of Tactical Fund Advisors, LlcNov 20, 2019 · Control person joined · fact
- Craig Kevin Hetzer (Chief Operating Officer) appeared on Schedule A of Tactical Fund Advisors, LlcNov 20, 2019 · Control person joined · fact
- Fredrik John Peters (Executive Vice President) appeared on Schedule A of Tactical Fund Advisors, LlcAug 9, 2019 · Control person joined · fact
- Tactical Fund Advisors, Llc filed its initial SEC registration (Form ADV)Oct 5, 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
- Firm profile
- linkedin.com/company/tactical-fund-advisors-llcreportedpublic record, Form ADV, Sep 18, 2026
- Website
- tfafunds.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 513-987-4458reportedpublic record, Form ADV, Apr 8, 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
- $170Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026