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
H••• N••• W•••••• L••
Latest filing Mar 30, 2026
First filing on the tape Sep 16, 2019 · 27 filings
SEC status approved since Nov 5, 2019
RAUM
$683M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$673M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$171M
derived; firm RAUM over IAPD count
Employees
8
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$683M as of Mar 30, 2026
Mar 3, 2020$181M then
HNW client RAUM$635M as of Mar 30, 2026
Mar 25, 2021$296M then
State-registered IARs (5.B.3)4 as of Mar 30, 2026
Mar 3, 20202 then
Employees (5.A)8 as of Mar 30, 2026
Mar 3, 20206 then
Private funds: no history
RAUM +19% over the last fiscal year+12% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- $171MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 69derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.4MderivedHNW RAUM over HNW clients
- Average account
- $540,721derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 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
- +1.1%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
- Custody
- $227M, 153 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$635M93%
- Individuals$38.7M5.7%
- Corporations and businesses$9.6M1.4%
- Charitable organizations$647,6990.1%
- Individual clients
- 91reported
- HNW clients
- 184reported
- Pension plan clients
- n/areported
- Charitable clients
- 1reported
- Accounts
- 1,264reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $227M for 153 clientsreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.0 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 |
|---|---|---|---|---|
| M•••••• W•••• F••••••••Certified Financial Planner, Chartered Financial Consultant | Deephaven, Mn | Nov 6, 2019 | 15 y | 1 |
| K•••••••• M•••• A••••••••• F••••••••Chartered Financial Consultant | Deephaven, Mn | Nov 20, 2019 | 29 y | 1 |
| S•••• N• W•••••••Certified Financial Planner, Chartered Financial Consultant | Deephaven, Mn | Apr 11, 2023 | 15 y | 1 |
| K••• J•••• J••••••• | Deephaven, Mn | Sep 21, 2023 | 15 y | 3 |
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
- K••• J•••• J••••••• from D•••••• W••••• M••••••••• L••Sep 21, 2023 · Other
- S•••• N• W••••••• from N••••••••• M••••• I••••••••• S•••••••••Apr 11, 2023 · Other
- K•••••••• M•••• A••••••••• F•••••••• from N••••••••• M••••• I••••••••• S•••••••••Nov 20, 2019 · Other
- M•••••• W•••• F•••••••• from N••••••••• M••••• I••••••••• S•••••••••Nov 6, 2019 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from N••••••••• M••••• I••••••••• S•••••••••Dec 31, 2018 · Deephaven, Mn
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- F••••••••• K••••••••• M•••• A••••••••• · Founder/Chief Executive Officercontrolsince 11/2019 · owns 50% to 75%
- F••••••••• M••••••• W•••• · Founder/Chief Compliance Officercontrolsince 11/2019 · owns 25% to 50%
- J•••••••• K•••• J•••• · Chief Operating Officersince 01/2023 · owns less than 5%
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 |
|---|---|---|---|---|---|
| Deephaven, Mn · principal | 4 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,200 to 1,264Jul 8, 2025 to Mar 30, 2026
- Corporate clients · 2 to 3Jul 8, 2025 to Mar 30, 2026
- HNW clients · 179 to 184Jul 8, 2025 to Mar 30, 2026
- Individual clients · 93 to 91Jul 8, 2025 to Mar 30, 2026
- Assets in custody · $141M to $227MJul 8, 2025 to Mar 30, 2026
- Discretionary RAUM · $576M to $683MJul 8, 2025 to Mar 30, 2026
- HNW RAUM · $533M to $635MJul 8, 2025 to Mar 30, 2026
- Individual RAUM · $34.7M to $38.7MJul 8, 2025 to Mar 30, 2026
- RAUM · $576M to $683MJul 8, 2025 to Mar 30, 2026
- Financial planning clients · 251-500 to 251-500Mar 20, 2025 to Jul 8, 2025
- Accounts · 1,142 to 1,200Feb 18, 2025 to Mar 20, 2025
- Charity clients · 2 to 1Feb 18, 2025 to Mar 20, 2025
- Corporate clients · unset to 2.0Feb 18, 2025 to Mar 20, 2025
- HNW clients · 210 to 179Feb 18, 2025 to Mar 20, 2025
- Individual clients · 52 to 93Feb 18, 2025 to Mar 20, 2025
- Discretionary RAUM · $506M to $576MFeb 18, 2025 to Mar 20, 2025
- HNW RAUM · $476M to $533MFeb 18, 2025 to Mar 20, 2025
- Individual RAUM · $28.5M to $34.7MFeb 18, 2025 to Mar 20, 2025
- RAUM · $506M to $576MFeb 18, 2025 to Mar 20, 2025
- Accounts · 1,046 to 1,142Oct 17, 2023 to Mar 26, 2024
- Advisory employees · 3 to 4Oct 17, 2023 to Mar 26, 2024
- Charity clients · 4 to 2Oct 17, 2023 to Mar 26, 2024
- HNW clients · 184 to 210Oct 17, 2023 to Mar 26, 2024
- Individual clients · 51 to 52Oct 17, 2023 to Mar 26, 2024
- Employees · 7 to 8Oct 17, 2023 to Mar 26, 2024
- State-registered IARs · 3 to 4Oct 17, 2023 to Mar 26, 2024
- Discretionary RAUM · $491M to $506MOct 17, 2023 to Mar 26, 2024
- HNW RAUM · $465M to $476MOct 17, 2023 to Mar 26, 2024
- Individual RAUM · $25.0M to $28.5MOct 17, 2023 to Mar 26, 2024
- RAUM · $491M to $506MOct 17, 2023 to Mar 26, 2024
- Accounts · 982 to 1,046Oct 27, 2022 to Mar 24, 2023
- HNW clients · 122 to 184Oct 27, 2022 to Mar 24, 2023
- Individual clients · 129 to 51Oct 27, 2022 to Mar 24, 2023
- Assets in custody · $142M to $141MOct 27, 2022 to Mar 24, 2023
- Discretionary RAUM · $434M to $491MOct 27, 2022 to Mar 24, 2023
- HNW RAUM · $370M to $465MOct 27, 2022 to Mar 24, 2023
- Individual RAUM · $62.2M to $25.0MOct 27, 2022 to Mar 24, 2023
- Non-discretionary RAUM · $214,749 to $0Oct 27, 2022 to Mar 24, 2023
- RAUM · $434M to $491MOct 27, 2022 to Mar 24, 2023
- Accounts · 880 to 982Nov 8, 2021 to Mar 8, 2022
Signals
4 dated events
- H••• N••• W•••••• L•• reported RAUM $347.5M, up 91% from $181.5M (2020-08-24 to 2021-03-25)Mar 25, 2021 · RAUM change · derived
- Nmn C•••• K••••• (Sole Member) no longer on Schedule A of H••• N••• W•••••• L•• (listed 2019-10-04, absent 2019-11-20)Nov 20, 2019 · Control person left · inference
- Katherine Forrester Schneewind (Member) appeared on Schedule A of H••• N••• W•••••• L••Nov 20, 2019 · Control person joined · fact
- G••••• G•••••• filed its initial SEC registration (Form ADV)Sep 16, 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
- contact@highnotewealth.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- baden@highnotewealth.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- bridget@highnotewealth.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- logan@highnotewealth.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- madeline@highnotewealth.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 952-224-7970reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/high-note-wealthreportedpublic record, Form ADV, Sep 18, 2026
- Website
- highnotewealth.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (952) 224-7970reportedpublic record, Form ADV, Mar 30, 2026
- Contact form
- highnotewealth.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- highnotewealth.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
- $171Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026