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

Hays Financial Group, LLC

Institutional managerMinneapolis, MinnesotaCRD 306877SEC 801-118389websiteIAPD
Latest filing Mar 25, 2026
First filing on the tape Mar 5, 2020 · 22 filings
SEC status approved since Jan 4, 2021
RAUM
$7.5B
reported, Item 5.F
Discretionary
33%
of RAUM
Private clients
1.3%
$99.0M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$1.9B
derived; firm RAUM over IAPD count
Employees
12
6 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$7.5B as of Mar 25, 2026
Feb 21, 2022$1.8B then
HNW client RAUM$70.9M as of Mar 25, 2026
Feb 21, 2022$37.6M then
State-registered IARs (5.B.3)6 as of Mar 25, 2026
Feb 21, 20228 then
Employees (5.A)12 as of Mar 25, 2026
Feb 21, 202212 then
Private funds: no history
RAUM +22% over the last fiscal year+33% a year over threeIARs 3 to 6offices 1 to 3
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
RAUM per advisor
$1.9BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
84derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.1MderivedHNW RAUM over HNW clients
Average account
$10.8MderivedRAUM over accounts (5.F.2.f)
Discretionary
33%derivedof RAUM
Institutional
99%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.0derivedItem 5.A over advisors
Advisors per office
1.0derived4 offices incl. principal (1.F.5)
RAUM growth, one year
+22%derivedbetween the last two annual amendments
Advisor growth, one year
+100%derivedItem 5.B.3 between annual amendments
Client growth, one year
+44%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
Wrap fee program
$55.2MreportedItem 5.I
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
  • is an insurance broker or agent (6.A.6)
  • 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
  • Pension and profit-sharing plans$7.4B99%
  • High-net-worth individuals$70.9M1.0%
  • Individuals$28.1M0.4%
Individual clients
302reported
HNW clients
34reported
Pension plan clients
236reported
Charitable clients
0reported
Accounts
687reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.01 fund_share=0.0 institutional_share=0.99 related_bd=false related_bank=false bd_reps=6.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
James P MileyMinneapolis, MnMay 28, 202119 y3
Brian Jerold WhinneryMinneapolis, MnMay 28, 202115 y2
Gregory Alan KleinCertified Financial PlannerMinneapolis, MnMar 23, 202211 y1
Bryon Andrew EgganMinneapolis, Mn Oct 21, 202519 y2
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • John Michael Egan · Member And Chief Operating Officercontrol
      since 11/2020 · owns 10% to 25%
    • P James Miley · Member / Managing Director / Chief Compliance Officercontrol
      since 11/2020 · owns 5% to 10%
    • Jerold Brian Whinnery · Member / Presidentcontrol
      since 03/2020 · owns 10% to 25%
    • C. James Hayes · Trusteecontrol
      since 06/2016 · owns 75% or more of James C Hays 2008 Irrevovocable Trust
    • C. James Hayes · Presidentcontrol
      since 06/2016 · owns F of Hg Group, Inc.
    Entity owners
    • Hg Group, Inc. · Managing Member
      direct · owns 50% to 75%
    • James C Hays 2008 Irrevovocable Trust · Managing Member
      indirect · owns 25% to 50% of Hg Group, Inc.
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Minneapolis, Mn · principal410
    Offices
    Schedule D 1.F, the 25 largest
    • Miami Beach, FL3 employees
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • discretionary share shiftChange between filings · filing Mar 25, 2026
      discretionary share of RAUM moved from 3.0% to 33.0% between the annual amendments of 2025-03-27 and 2026-03-25
      peers: institutional managers, $5B to $20B (71)
    What changed
    consecutive filings, newest first
    • Accounts · 688 to 687
      Dec 24, 2025 to Mar 25, 2026
    • Advisory employees · 4 to 6
      Dec 24, 2025 to Mar 25, 2026
    • BD registered reps · 4 to 6
      Dec 24, 2025 to Mar 25, 2026
    • Charity clients · 14 to 0
      Dec 24, 2025 to Mar 25, 2026
    • Corporate clients · unset to 0.0
      Dec 24, 2025 to Mar 25, 2026
    • HNW clients · 9 to 34
      Dec 24, 2025 to Mar 25, 2026
    • Individual clients · 225 to 302
      Dec 24, 2025 to Mar 25, 2026
    • Pension plan clients · 277 to 236
      Dec 24, 2025 to Mar 25, 2026
    • Pooled vehicle clients · unset to 0.0
      Dec 24, 2025 to Mar 25, 2026
    • Employees · 10 to 12
      Dec 24, 2025 to Mar 25, 2026
    • State-registered IARs · 3 to 6
      Dec 24, 2025 to Mar 25, 2026
    • Other offices · 2 to 3
      Dec 24, 2025 to Mar 25, 2026
    • Discretionary RAUM · $189M to $2.5B
      Dec 24, 2025 to Mar 25, 2026
    • HNW RAUM · $39.3M to $70.9M
      Dec 24, 2025 to Mar 25, 2026
    • Individual RAUM · $44.8M to $28.1M
      Dec 24, 2025 to Mar 25, 2026
    • Non-discretionary RAUM · $5.9B to $5.0B
      Dec 24, 2025 to Mar 25, 2026
    • Pension RAUM · $5.8B to $7.4B
      Dec 24, 2025 to Mar 25, 2026
    • Pooled vehicle RAUM · unset to 0.0
      Dec 24, 2025 to Mar 25, 2026
    • RAUM · $6.1B to $7.5B
      Dec 24, 2025 to Mar 25, 2026
    • Financial planning clients · 0 to 0
      Mar 27, 2025 to Oct 21, 2025
    • Other offices · 1 to 2
      Mar 27, 2025 to Oct 21, 2025
    • Accounts · 378 to 688
      May 29, 2024 to Mar 27, 2025
    • Charity clients · 13 to 14
      May 29, 2024 to Mar 27, 2025
    • HNW clients · 8 to 9
      May 29, 2024 to Mar 27, 2025
    • Individual clients · 140 to 225
      May 29, 2024 to Mar 27, 2025
    • Pension plan clients · 226 to 277
      May 29, 2024 to Mar 27, 2025
    • Assets in custody · 38000000.0 to unset
      May 29, 2024 to Mar 27, 2025
    • Custody of client assets · true to false
      May 29, 2024 to Mar 27, 2025
    • Employees · 7 to 10
      May 29, 2024 to Mar 27, 2025
    • Insurance-licensed employees · 2 to 0
      May 29, 2024 to Mar 27, 2025
    • HQ city · EDINA to MINNEAPOLIS
      May 29, 2024 to Mar 27, 2025
    • State-registered IARs · 4 to 3
      May 29, 2024 to Mar 27, 2025
    • Discretionary RAUM · $298M to $189M
      May 29, 2024 to Mar 27, 2025
    • HNW RAUM · $29.4M to $39.3M
      May 29, 2024 to Mar 27, 2025
    • Individual RAUM · $23.7M to $44.8M
      May 29, 2024 to Mar 27, 2025
    • Non-discretionary RAUM · $4.8B to $5.9B
      May 29, 2024 to Mar 27, 2025
    • Pension RAUM · $4.8B to $5.8B
      May 29, 2024 to Mar 27, 2025
    • RAUM · $5.1B to $6.1B
      May 29, 2024 to Mar 27, 2025
    • Wrap assets (manager) · $43.2M to $0
      May 29, 2024 to Mar 27, 2025
    • Wrap assets (sponsor) · $43.2M to $0
      May 29, 2024 to Mar 27, 2025
    Signals
    9 dated events
    • Anna Elizabeth Kraemer left Hays Financial Group, Llc for Mma Securities Llc (registered 2023-12-20)
      Nov 13, 2024 · Advisor changed firm · fact
    • Hays Financial Group, Llc reported RAUM $5.1B, up 62% from $3.2B (2023-04-24 to 2024-03-28)
      Mar 28, 2024 · RAUM change · derived
    • Hays Financial Group, Llc reported RAUM $3.2B, up 71% from $1.8B (2022-11-28 to 2023-03-31)
      Mar 31, 2023 · RAUM change · derived
    • Timothy Joseph Black left Hays Financial Group, Llc for Asset Strategy Advisors, Llc (registered 2024-07-17)
      Aug 9, 2022 · Advisor changed firm · fact
    • Hays Financial Group, Llc reported RAUM $1.8B, up 324% from $433.8M (2021-12-14 to 2022-02-21)
      Feb 21, 2022 · RAUM change · derived
    • John Michael Egan (Member And Chief Operating Officer) appeared on Schedule A of Hays Financial Group, Llc
      Dec 21, 2020 · Control person joined · fact
    • P James Miley (Member) appeared on Schedule A of Hays Financial Group, Llc
      Dec 21, 2020 · Control person joined · fact
    • C. James Hayes (President) appeared on Schedule A of Hays Financial Group, Llc
      Dec 21, 2020 · Control person joined · fact
    • Hays Financial Group filed its initial SEC registration (Form ADV)
      Mar 5, 2020 · 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/hays-financial-groupreportedpublic record, Form ADV, Sep 17, 2026
    Website
    haysfinancialgroup.comreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    (612) 373-9863reportedpublic record, Form ADV, Mar 25, 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
    Institutional managerderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $1.9Bderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026