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
F•• W••••• M••••••••• L••
Latest filing May 4, 2026
First filing on the tape Jan 22, 2019 · 21 filings
SEC status approved since Feb 21, 2019
RAUM
$301M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$299M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$75.3M
derived; firm RAUM over IAPD count
Employees
9
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$301M as of May 4, 2026
Mar 30, 2020$124M then
HNW client RAUM$206M as of May 4, 2026
Mar 30, 2020$55.3M then
State-registered IARs (5.B.3)4 as of May 4, 2026
Mar 30, 20202 then
Employees (5.A)9 as of May 4, 2026
Mar 30, 20202 then
Private funds: no history
RAUM +20% over the last fiscal year+17% a year over threeIARs 3 to 4
Practice profile
derived from the filing of May 4, 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
- $75.3MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 79derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.1MderivedHNW RAUM over HNW clients
- Average account
- $337,187derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +20%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +3.3%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 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
- 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)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$206M68%
- Individuals$93.0M31%
- Charitable organizations$2.2M0.7%
- Individual clients
- 218reported
- HNW clients
- 98reported
- Pension plan clients
- n/areported
- Charitable clients
- 1reported
- Accounts
- 893reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, 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
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| A•••••• G••••• R••• | Coon Rapids, Mn | Feb 21, 2019 | 12 y | 1 |
| T•••••• K•• B••••••••• | Coon Rapids, Mn | Feb 21, 2019 | 20 y | 1 |
| C••••• T•••••• C•••••• | Coon Rapids, Mn | Nov 27, 2024 | 12 y | 0 |
| N••••• W•••••• B•••••• | Coon Rapids, Mn | May 4, 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
- M•••••• L•• C••••• to L••••• W••••• P•••••••Feb 7, 2023 · RIA to RIA
Joined, latest
- A•••••• G••••• R••• from F••••••••• F•••••••• P••••••• L••Feb 21, 2019 · Other
- T•••••• K•• B••••••••• from F••••••••• F•••••••• P••••••• L••Feb 21, 2019 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from F••••••••• F•••••••• P••••••• L••May 16, 2019 · Minneapolis, Mn
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B••••••••• T••••••• K•• · Member/Chief Compliance Officercontrolsince 01/2019 · owns 50% to 75%
- R•••• A••••••• G••••• · Member/Chief Investment Officercontrolsince 01/2019 · 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 |
|---|---|---|---|---|---|
| Coon Rapids, Mn · principal | 4 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Advisory employees · 3 to 4Feb 17, 2026 to May 4, 2026
- Employees · 8 to 9Feb 17, 2026 to May 4, 2026
- State-registered IARs · 3 to 4Feb 17, 2026 to May 4, 2026
- Accounts · 884 to 893May 1, 2025 to Feb 17, 2026
- HNW clients · 79 to 98May 1, 2025 to Feb 17, 2026
- Individual clients · 231 to 218May 1, 2025 to Feb 17, 2026
- Assets in custody · $11.5M to $22.0MMay 1, 2025 to Feb 17, 2026
- Discretionary RAUM · $233M to $300MMay 1, 2025 to Feb 17, 2026
- HNW RAUM · $135M to $206MMay 1, 2025 to Feb 17, 2026
- Individual RAUM · $96.9M to $93.0MMay 1, 2025 to Feb 17, 2026
- Non-discretionary RAUM · $1.1M to $846,000May 1, 2025 to Feb 17, 2026
- RAUM · $234M to $301MMay 1, 2025 to Feb 17, 2026
- Accounts · 878 to 884Feb 28, 2025 to May 1, 2025
- HNW clients · 84 to 79Feb 28, 2025 to May 1, 2025
- Individual clients · 222 to 231Feb 28, 2025 to May 1, 2025
- Assets in custody · $12.4M to $11.5MFeb 28, 2025 to May 1, 2025
- Financial planning clients · 1-10 to 1-10Feb 28, 2025 to May 1, 2025
- Discretionary RAUM · $250M to $233MFeb 28, 2025 to May 1, 2025
- HNW RAUM · $155M to $135MFeb 28, 2025 to May 1, 2025
- Individual RAUM · $94.2M to $96.9MFeb 28, 2025 to May 1, 2025
- Non-discretionary RAUM · $1.1M to $1.1MFeb 28, 2025 to May 1, 2025
- RAUM · $251M to $234MFeb 28, 2025 to May 1, 2025
- Accounts · 841 to 878Nov 27, 2024 to Feb 28, 2025
- HNW clients · 66 to 84Nov 27, 2024 to Feb 28, 2025
- Individual clients · 229 to 222Nov 27, 2024 to Feb 28, 2025
- Assets in custody · $58.3M to $12.4MNov 27, 2024 to Feb 28, 2025
- Financial planning clients · 11-25 to 1-10Nov 27, 2024 to Feb 28, 2025
- Discretionary RAUM · $209M to $250MNov 27, 2024 to Feb 28, 2025
- HNW RAUM · $120M to $155MNov 27, 2024 to Feb 28, 2025
- Individual RAUM · $90.3M to $94.2MNov 27, 2024 to Feb 28, 2025
- Non-discretionary RAUM · $3.1M to $1.1MNov 27, 2024 to Feb 28, 2025
- RAUM · $212M to $251MNov 27, 2024 to Feb 28, 2025
- Advisory employees · 2 to 3Feb 13, 2024 to Nov 27, 2024
- Employees · 7 to 8Feb 13, 2024 to Nov 27, 2024
- State-registered IARs · 2 to 3Feb 13, 2024 to Nov 27, 2024
- Accounts · 838 to 841Feb 7, 2023 to Feb 13, 2024
- Charity clients · 2 to 1Feb 7, 2023 to Feb 13, 2024
- HNW clients · 65 to 66Feb 7, 2023 to Feb 13, 2024
- Individual clients · 220 to 229Feb 7, 2023 to Feb 13, 2024
- Assets in custody · $62.6M to $58.3MFeb 7, 2023 to Feb 13, 2024
Signals
2 dated events
- M•••••• L•• C••••• left F•• W••••• M••••••••• L•• for L••••• W••••• P••••••• (registered 2023-02-28)Feb 7, 2023 · Advisor changed firm · fact
- F•• W••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Jan 22, 2019 · 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
- Principal office phone
- 763-231-2760reportedpublic record, Form ADV, May 4, 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
- $75.3Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026