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

Elk River Wealth Management LLC

Independent wealth managerDenver, ColoradoCRD 307263SEC 801-118102websiteIAPD
Latest filing Feb 24, 2026
First filing on the tape Jan 21, 2020 · 33 filings
SEC status approved since Feb 27, 2020
RAUM
$971M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
92%
$891M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$971M
derived; firm RAUM over IAPD count
Employees
11
8 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$971M as of Feb 24, 2026
Mar 10, 2021$638M then
HNW client RAUM$837M as of Feb 24, 2026
Mar 10, 2021$500M then
State-registered IARs (5.B.3)8 as of Feb 24, 2026
Mar 10, 20219 then
Employees (5.A)11 as of Feb 24, 2026
Mar 10, 202113 then
Private funds: no history
RAUM +7.3% over the last fiscal year+5.3% a year over threeIARs 8 to 8
Practice profile
derived from the filing of Feb 24, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$971MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
251derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$6.0MderivedHNW RAUM over HNW clients
Average account
$1.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
0.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
11.0derivedItem 5.A over advisors
Advisors per office
0.3derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+7.3%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+4.6%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Custody
$945M, 274 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
  • 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$837M86%
  • Corporations and businesses$77.4M8.0%
  • Individuals$53.8M5.5%
  • Charitable organizations$2.8M0.3%
Individual clients
111reported
HNW clients
140reported
Pension plan clients
n/areported
Charitable clients
19reported
Accounts
806reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
$945M for 274 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.92 fund_share=0.0 institutional_share=0.0 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
7 left, 0 joined in 12 months
net -7 in 12 months6 left in 90 days0 joined in 90 daysdeparture rate 700% of current headcount10 left over 36 months
Left, latest
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
  • Koch Rita Day · Chief Compliance Officercontrol
    since 02/2020 · owns less than 5%
  • Cline Christopher Freimuth · Chief Executive Officer And Chief Investment Officercontrol
    since 02/2020 · owns less than 5%
  • William Jay Hummel · Partnercontrol
    since 02/2020 · owns less than 5%
  • Graham John Phoenix · Partnercontrol
    since 01/2020 · owns less than 5%
  • Cline Christopher Freimuth · Managing Membercontrol
    since 03/2020 · owns 75% or more of Covey Rise Capital 0215, LLC
Entity owners
  • Elk River Wealth Holdings, LLC · Managing Member
    direct · owns 75% or more
  • Covey Rise Capital 0215, LLC · Managing Member
    indirect · owns 50% to 75% of Elk River Wealth Holdings, LLC
Related persons
Schedule D 7.A
No related person reported.
Advisers that list Elk River Wealth Management LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Denver, Co · principal105
Omaha, Ne000
Phoenix, Az001
Cottleville, Mo001
Offices
Schedule D 1.F, the 25 largest
  • , 1 employees
What changed
consecutive filings, newest first
  • Accounts · 744 to 806
    Feb 20, 2025 to Feb 24, 2026
  • Charity clients · 14 to 19
    Feb 20, 2025 to Feb 24, 2026
  • Corporate clients · 20 to 15
    Feb 20, 2025 to Feb 24, 2026
  • HNW clients · 129 to 140
    Feb 20, 2025 to Feb 24, 2026
  • Assets in custody · $878M to $945M
    Feb 20, 2025 to Feb 24, 2026
  • Discretionary RAUM · $891M to $959M
    Feb 20, 2025 to Feb 24, 2026
  • HNW RAUM · $761M to $837M
    Feb 20, 2025 to Feb 24, 2026
  • Individual RAUM · $43.8M to $53.8M
    Feb 20, 2025 to Feb 24, 2026
  • Non-discretionary RAUM · $14.7M to $12.4M
    Feb 20, 2025 to Feb 24, 2026
  • RAUM · $905M to $971M
    Feb 20, 2025 to Feb 24, 2026
  • Accounts · 775 to 744
    Nov 27, 2024 to Feb 20, 2025
  • Charity clients · 15 to 14
    Nov 27, 2024 to Feb 20, 2025
  • Corporate clients · 15 to 20
    Nov 27, 2024 to Feb 20, 2025
  • HNW clients · 135 to 129
    Nov 27, 2024 to Feb 20, 2025
  • Individual clients · 149 to 111
    Nov 27, 2024 to Feb 20, 2025
  • Assets in custody · $905M to $878M
    Nov 27, 2024 to Feb 20, 2025
  • Financial planning clients · 51-100 to 51-100
    Nov 27, 2024 to Feb 20, 2025
  • Discretionary RAUM · $915M to $891M
    Nov 27, 2024 to Feb 20, 2025
  • HNW RAUM · $732M to $761M
    Nov 27, 2024 to Feb 20, 2025
  • Individual RAUM · $57.1M to $43.8M
    Nov 27, 2024 to Feb 20, 2025
  • Non-discretionary RAUM · $15.8M to $14.7M
    Nov 27, 2024 to Feb 20, 2025
  • RAUM · $931M to $905M
    Nov 27, 2024 to Feb 20, 2025
  • Other offices · 1 to 2
    Aug 5, 2024 to Nov 18, 2024
  • BD registered reps · 3 to 0
    Feb 29, 2024 to Jun 3, 2024
  • Other offices · 2 to 1
    Feb 29, 2024 to Jun 3, 2024
  • Accounts · 735 to 775
    Jan 22, 2024 to Feb 29, 2024
  • Advisory employees · 10 to 8
    Jan 22, 2024 to Feb 29, 2024
  • Charity clients · 13 to 15
    Jan 22, 2024 to Feb 29, 2024
  • Corporate clients · 16 to 15
    Jan 22, 2024 to Feb 29, 2024
  • HNW clients · 119 to 135
    Jan 22, 2024 to Feb 29, 2024
  • Individual clients · 159 to 149
    Jan 22, 2024 to Feb 29, 2024
  • Assets in custody · $808M to $905M
    Jan 22, 2024 to Feb 29, 2024
  • Employees · 14 to 11
    Jan 22, 2024 to Feb 29, 2024
  • State-registered IARs · 10 to 8
    Jan 22, 2024 to Feb 29, 2024
  • Discretionary RAUM · $816M to $915M
    Jan 22, 2024 to Feb 29, 2024
  • HNW RAUM · $650M to $732M
    Jan 22, 2024 to Feb 29, 2024
  • Individual RAUM · $65.7M to $57.1M
    Jan 22, 2024 to Feb 29, 2024
  • Non-discretionary RAUM · $14.9M to $15.8M
    Jan 22, 2024 to Feb 29, 2024
  • RAUM · $831M to $931M
    Jan 22, 2024 to Feb 29, 2024
  • Accounts · 609 to 735
    Oct 24, 2022 to Feb 13, 2023
Signals
18 dated events
  • Corey Alan Gragg left Elk River Wealth Management Llc for Alphacore Capital Llc (registered 2026-07-01)
    Jul 31, 2026 · Advisor changed firm · fact
  • Brooks William Merrifield left Elk River Wealth Management Llc for Alphacore Capital Llc (registered 2026-07-01)
    Jul 31, 2026 · Advisor changed firm · fact
  • Rita Koch Day left Elk River Wealth Management Llc for Alphacore Capital Llc (registered 2026-07-01)
    Jul 31, 2026 · Advisor changed firm · fact
  • Joseph Thomas Rusinko left Elk River Wealth Management Llc for Alphacore Capital Llc (registered 2026-07-01)
    Jul 31, 2026 · Advisor changed firm · fact
  • Juliet M Hull left Elk River Wealth Management Llc for Alphacore Capital Llc (registered 2026-07-01)
    Jul 31, 2026 · Advisor changed firm · fact
  • Josh William Weisel left Elk River Wealth Management Llc for Alphacore Capital Llc (registered 2026-07-01)
    Jul 27, 2026 · Advisor changed firm · fact
  • Elk River Wealth Management LLC's advisors moved to Alphacore Capital LLC (Denver, CO): 5 of 7 registered, within 4 days
    Jul 27, 2026 · Firm absorbed (people side) · derived
  • Daniel Evan Owens left Elk River Wealth Management Llc for Juncture Wealth Strategies, Llc (registered 2026-05-07)
    May 1, 2026 · Advisor changed firm · fact
  • David Carroll left Elk River Wealth Management Llc for Cwm, Llc (registered 2024-02-16)
    Feb 16, 2024 · Advisor changed firm · fact
  • 3 advisors left Elk River Wealth Management LLC (Omaha, NE) for Cwm, LLC on the same day
    Feb 16, 2024 · Team lift-out · derived
  • Sherry Lynn Tomasello left Elk River Wealth Management Llc for Cwm, Llc (registered 2026-01-28)
    Feb 16, 2024 · Advisor changed firm · fact
  • Jon Springer left Elk River Wealth Management Llc for Cwm, Llc (registered 2024-02-16)
    Feb 16, 2024 · Advisor changed firm · fact
  • Elk River Wealth Management Llc reported RAUM $638.4M, up 62% from $393.2M (2020-10-30 to 2021-03-10)
    Mar 10, 2021 · RAUM change · derived
  • Koch Rita Day (Chief Compliance Officer) appeared on Schedule A of Elk River Wealth Management Llc
    Mar 20, 2020 · Control person joined · fact
  • Cline Christopher Freimuth (Managing Member, Chief Executive Officer, Chief Investment Officer) appeared on Schedule A of Elk River Wealth Management Llc
    Mar 20, 2020 · Control person joined · fact
  • Edward Christopher Winn (Chief Compliance Officer) no longer on Schedule A of Elk River Wealth Management Llc (listed 2020-02-19, absent 2020-03-20)
    Mar 20, 2020 · Control person left · inference
  • Edward Christopher Winn (Chief Compliance Officer) appeared on Schedule A of Elk River Wealth Management Llc
    Feb 14, 2020 · Control person joined · fact
  • Elk River Wealth Management Llc filed its initial SEC registration (Form ADV)
    Jan 21, 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 phone
858-875-4100reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/elkriverwealthreportedpublic record, Form ADV, Sep 17, 2026
Website
ElkRiverWealth.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
(720) 310-3275reportedpublic record, Form ADV, Feb 24, 2026
Contact form
alphacore.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
Team page
alphacore.com/our-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
$971Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026