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

Fbd Asset Mgmt

Independent wealth managerBloomington, MinnesotaCRD 307216SEC 801-118216websiteIAPD
Legal name Fbd Asset Mgmt, LLC
Latest filing Mar 30, 2026
First filing on the tape Feb 11, 2020 · 13 filings
SEC status approved since Mar 13, 2020
RAUM
$76.8M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
97%
$74.1M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$76.8M
derived; firm RAUM over IAPD count
Employees
1
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$76.8M as of Mar 30, 2026
Mar 31, 2021$44.2M then
HNW client RAUM$45.8M as of Mar 30, 2026
Mar 31, 2021$19.6M then
State-registered IARs (5.B.3)1 as of Mar 30, 2026
Mar 31, 20211 then
Employees (5.A)1 as of Mar 30, 2026
Mar 31, 20211 then
Private funds: no history
RAUM +58% over the last fiscal year+31% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 30, 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
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$76.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
132derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.5MderivedHNW RAUM over HNW clients
Average account
$560,315derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
3.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+58%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+53%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
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
  • 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
  • High-net-worth individuals$45.8M60%
  • Individuals$28.3M37%
  • Charitable organizations$2.5M3.2%
  • Corporations and businesses$161,9230.2%
Individual clients
114reported
HNW clients
18reported
Pension plan clients
n/areported
Charitable clients
3reported
Accounts
137reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.97 fund_share=0.0 institutional_share=0.03 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
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Roger Kyle Bubeck · Chief Compliance Officercontrol
    since 01/2020 · owns less than 5%
  • Robert Kevin Miller · Sole Membercontrol
    since 01/2020 · owns 75% or more
Related persons
Schedule D 7.A
Advisers that list Fbd Asset Mgmt as a related person
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 96 to 137
    Oct 22, 2025 to Mar 30, 2026
  • Corporate clients · 7 to 2
    Oct 22, 2025 to Mar 30, 2026
  • HNW clients · 11 to 18
    Oct 22, 2025 to Mar 30, 2026
  • Individual clients · 75 to 114
    Oct 22, 2025 to Mar 30, 2026
  • Discretionary RAUM · $48.5M to $76.8M
    Oct 22, 2025 to Mar 30, 2026
  • HNW RAUM · $28.5M to $45.8M
    Oct 22, 2025 to Mar 30, 2026
  • Individual RAUM · $17.6M to $28.3M
    Oct 22, 2025 to Mar 30, 2026
  • RAUM · $48.5M to $76.8M
    Oct 22, 2025 to Mar 30, 2026
  • Accounts · 76 to 96
    Mar 26, 2024 to Mar 28, 2025
  • Corporate clients · 6 to 7
    Mar 26, 2024 to Mar 28, 2025
  • Individual clients · 56 to 75
    Mar 26, 2024 to Mar 28, 2025
  • Financial planning clients · unset to
    Mar 26, 2024 to Mar 28, 2025
  • Discretionary RAUM · $41.2M to $48.5M
    Mar 26, 2024 to Mar 28, 2025
  • HNW RAUM · $25.8M to $28.5M
    Mar 26, 2024 to Mar 28, 2025
  • Individual RAUM · $13.0M to $17.6M
    Mar 26, 2024 to Mar 28, 2025
  • RAUM · $41.2M to $48.5M
    Mar 26, 2024 to Mar 28, 2025
  • Accounts · 64 to 76
    Mar 31, 2023 to Mar 26, 2024
  • Charity clients · 2 to 3
    Mar 31, 2023 to Mar 26, 2024
  • Corporate clients · 8 to 6
    Mar 31, 2023 to Mar 26, 2024
  • HNW clients · 12 to 11
    Mar 31, 2023 to Mar 26, 2024
  • Individual clients · 42 to 56
    Mar 31, 2023 to Mar 26, 2024
  • Discretionary RAUM · $34.0M to $41.2M
    Mar 31, 2023 to Mar 26, 2024
  • HNW RAUM · $21.1M to $25.8M
    Mar 31, 2023 to Mar 26, 2024
  • Individual RAUM · $9.2M to $13.0M
    Mar 31, 2023 to Mar 26, 2024
  • RAUM · $34.0M to $41.2M
    Mar 31, 2023 to Mar 26, 2024
  • Accounts · 66 to 64
    Mar 31, 2022 to Mar 31, 2023
  • Corporate clients · 7 to 8
    Mar 31, 2022 to Mar 31, 2023
  • Individual clients · 45 to 42
    Mar 31, 2022 to Mar 31, 2023
  • Discretionary RAUM · $38.8M to $34.0M
    Mar 31, 2022 to Mar 31, 2023
  • HNW RAUM · $23.8M to $21.1M
    Mar 31, 2022 to Mar 31, 2023
  • Individual RAUM · $11.0M to $9.2M
    Mar 31, 2022 to Mar 31, 2023
  • RAUM · $38.8M to $34.0M
    Mar 31, 2022 to Mar 31, 2023
  • Accounts · 89 to 66
    Nov 2, 2021 to Mar 31, 2022
  • Corporate clients · 10 to 7
    Nov 2, 2021 to Mar 31, 2022
  • HNW clients · 15 to 12
    Nov 2, 2021 to Mar 31, 2022
  • Individual clients · 62 to 45
    Nov 2, 2021 to Mar 31, 2022
  • Discretionary RAUM · $50.2M to $38.8M
    Nov 2, 2021 to Mar 31, 2022
  • HNW RAUM · $24.4M to $23.8M
    Nov 2, 2021 to Mar 31, 2022
  • Individual RAUM · $15.6M to $11.0M
    Nov 2, 2021 to Mar 31, 2022
  • RAUM · $50.2M to $38.8M
    Nov 2, 2021 to Mar 31, 2022
Signals
1 dated events
  • Fbd Asset Mgmt filed its initial SEC registration (Form ADV)
    Feb 11, 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
Business email
info@fbdasset.comreportedpublished by the firm, firm site, Sep 16, 2026
Business phone
866-404-0089reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
952-283-2761reportedpublished by the firm, firm site, Sep 16, 2026
Website
fbdasset.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
866-404-0089reportedpublic record, Form ADV, Mar 30, 2026
Contact form
fbdasset.com/contactreportedpublished by the firm, firm site, Sep 16, 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
$76.8Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026