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

Abbey Street

Independent wealth managerEden Prairie, MinnesotaCRD 305107SEC 801-117454websiteIAPD
Legal name Abbey Street, LLC
Latest filing Mar 18, 2026
First filing on the tape Sep 6, 2019 · 17 filings
SEC status approved since Oct 4, 2019
RAUM
$375M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$375M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$46.9M
derived; firm RAUM over IAPD count
Employees
13
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$375M as of Mar 18, 2026
Mar 26, 2021$172M then
HNW client RAUM$334M as of Mar 18, 2026
Mar 26, 2021$154M then
State-registered IARs (5.B.3)7 as of Mar 18, 2026
Jan 10, 20206 then
Employees (5.A)13 as of Mar 18, 2026
Jan 10, 20207 then
Private funds: no history
RAUM +19% over the last fiscal year+25% a year over threeIARs 7 to 7
Practice profile
derived from the filing of Mar 18, 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
$46.9MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
17derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.8MderivedHNW RAUM over HNW clients
Average account
$2.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.6derivedItem 5.A over advisors
Advisors per office
8.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+19%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-6.1%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, publications, educational seminarsreportedItem 5.G
Custody
$375M, 139 clientsreportedItem 9.A
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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$334M89%
  • Individuals$40.7M11%
  • Charitable organizations$261,8410.1%
Individual clients
49reported
HNW clients
89reported
Pension plan clients
n/areported
Charitable clients
1reported
Accounts
139reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$375M for 139 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Ben A ClymerCertified Financial PlannerEden Prairie, MnOct 16, 201915 y2
Daniel Patrick MulheranEden Prairie, MnOct 16, 201927 y3
Eric SchierhornCertified Financial PlannerEden Prairie, MnSep 22, 202214 y0
Joshua Joseph ZajicekChartered Financial AnalystEden Prairie, MnMay 5, 202514 y0
Robert Alvin CronEden Prairie, MnJan 2, 202632 y3
Eric Phillip TurcottEden Prairie, MnMar 13, 202616 y1
Ryan Joseph ScottEden Prairie, MnJun 22, 202610 y0
Bailey Erwin SauveEden Prairie, MnAug 27, 202612 y0
Advisor movement
1 left, 2 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 13% of current headcount2 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Patrick Daniel Mulheran · President, Ccocontrol
    since 04/2018 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Eden Prairie, Mn · principal841
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
3 against comparable advisers; where to look, not conclusions
  • account count collapseChange between filings · filing Mar 18, 2026
    accounts (Item 5.F.2.f) moved from 748.0 to 139.0 (-81.0%) between the annual amendments of 2025-03-19 and 2026-03-18; the peer median change was +5.0% (3688 comparable advisers, 0.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (3,688) · 0.3% percentile
  • custody status changedChange between filings · filing Mar 18, 2026
    custody of client assets (Item 9.A): no on the filing of 2025-03-19, yes on the filing of 2026-03-18
    peers: independent wealth managers, $100M to $500M (5,676)
  • HNW share shiftChange between filings · filing Mar 18, 2026
    HNW share of RAUM moved from 69.0% to 89.0% between the annual amendments of 2025-03-19 and 2026-03-18
    peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
  • Accounts · 748 to 139
    Mar 19, 2025 to Mar 18, 2026
  • HNW clients · 43 to 89
    Mar 19, 2025 to Mar 18, 2026
  • Individual clients · 104 to 49
    Mar 19, 2025 to Mar 18, 2026
  • Assets in custody · unset to 375395430.0
    Mar 19, 2025 to Mar 18, 2026
  • Custody of client assets · false to true
    Mar 19, 2025 to Mar 18, 2026
  • Employees · 12 to 13
    Mar 19, 2025 to Mar 18, 2026
  • Financial planning clients · 51-100 to 1-10
    Mar 19, 2025 to Mar 18, 2026
  • Discretionary RAUM · $315M to $375M
    Mar 19, 2025 to Mar 18, 2026
  • HNW RAUM · $218M to $334M
    Mar 19, 2025 to Mar 18, 2026
  • Individual RAUM · $96.1M to $40.7M
    Mar 19, 2025 to Mar 18, 2026
  • RAUM · $315M to $375M
    Mar 19, 2025 to Mar 18, 2026
  • Accounts · 563 to 748
    May 31, 2024 to Mar 19, 2025
  • Advisory activities · 4 to 5
    May 31, 2024 to Mar 19, 2025
  • HNW clients · 38 to 43
    May 31, 2024 to Mar 19, 2025
  • Individual clients · 97 to 104
    May 31, 2024 to Mar 19, 2025
  • Financial planning clients · 1-10 to 51-100
    May 31, 2024 to Mar 19, 2025
  • Discretionary RAUM · $245M to $315M
    May 31, 2024 to Mar 19, 2025
  • HNW RAUM · $171M to $218M
    May 31, 2024 to Mar 19, 2025
  • Individual RAUM · $71.7M to $96.1M
    May 31, 2024 to Mar 19, 2025
  • RAUM · $245M to $315M
    May 31, 2024 to Mar 19, 2025
  • Accounts · 527 to 563
    Oct 16, 2023 to Mar 21, 2024
  • HNW clients · 50 to 38
    Oct 16, 2023 to Mar 21, 2024
  • Individual clients · 167 to 97
    Oct 16, 2023 to Mar 21, 2024
  • Financial planning clients · 0 to 1-10
    Oct 16, 2023 to Mar 21, 2024
  • Discretionary RAUM · $193M to $245M
    Oct 16, 2023 to Mar 21, 2024
  • HNW RAUM · $120M to $171M
    Oct 16, 2023 to Mar 21, 2024
  • Individual RAUM · $71.7M to $71.7M
    Oct 16, 2023 to Mar 21, 2024
  • RAUM · $193M to $245M
    Oct 16, 2023 to Mar 21, 2024
  • Advisory employees · 6 to 7
    Mar 27, 2023 to Aug 1, 2023
  • State-registered IARs · 6 to 7
    Mar 27, 2023 to Aug 1, 2023
  • Accounts · 400 to 527
    Nov 23, 2022 to Mar 27, 2023
  • Advisory employees · 5 to 6
    Nov 23, 2022 to Mar 27, 2023
  • HNW clients · 52 to 50
    Nov 23, 2022 to Mar 27, 2023
  • Individual clients · 347 to 167
    Nov 23, 2022 to Mar 27, 2023
  • State-registered IARs · 4 to 6
    Nov 23, 2022 to Mar 27, 2023
  • Discretionary RAUM · $208M to $193M
    Nov 23, 2022 to Mar 27, 2023
  • HNW RAUM · $134M to $120M
    Nov 23, 2022 to Mar 27, 2023
  • Individual RAUM · $72.5M to $71.7M
    Nov 23, 2022 to Mar 27, 2023
  • Pension RAUM · 0.0 to unset
    Nov 23, 2022 to Mar 27, 2023
  • RAUM · $208M to $193M
    Nov 23, 2022 to Mar 27, 2023
Signals
3 dated events
  • Blake Brian Faust left Abbey Street for Boulay Wealth (registered 2026-05-04)
    Apr 10, 2026 · Advisor changed firm · fact
  • Nicholas John Famularo left Abbey Street for Vermillion Wealth Management Inc. (registered 2025-08-11)
    Feb 17, 2025 · Advisor changed firm · fact
  • Abbey Street filed its initial SEC registration (Form ADV)
    Sep 6, 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
Business email
info@abbeystreet.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
wcarlsen@abbeystreet.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
amolinari@abbeystreet.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
bquinn@abbeystreet.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
christine@abbeystreet.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
cpears@abbeystreet.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
privatewealth@abbeystreet.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
lholliday@abbeystreet.comreportedpublished by the firm, firm site, Sep 15, 2026
Business phone
952-224-7272reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
952-224-7284reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
952-224-7280reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/abbeystreetreportedpublic record, Form ADV, 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
$46.9Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026