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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

Former SEC-registered adviser

T••• N•••• F••••••••

Former SEC-registered adviserBillings, MontanaCRD 309126SEC 801-118992IAPD
Legal name T•• L••
Latest filing Apr 16, 2024
First filing on the tape May 29, 2020 · 17 filings
RAUM
$357M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$354M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
4 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$357M as of Mar 7, 2024
Mar 25, 2021$300M then
HNW client RAUM$237M as of Mar 7, 2024
Mar 25, 2021$160M then
State-registered IARs (5.B.3)4 as of Mar 7, 2024
Mar 25, 20214 then
Employees (5.A)6 as of Mar 7, 2024
Mar 25, 20217 then
Private funds: no history
RAUM +20% over the last fiscal year+6.0% a year over threeIARs 2 to 4
Practice profile
derived from the filing of Apr 16, 2024; every figure names its basis
RAUM per advisor
$89.4MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
121derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.0MderivedHNW RAUM over HNW clients
Average account
$294,887derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
+100%derivedItem 5.B.3 between annual amendments
Client growth, one year
+7.8%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Wrap fee program
$266MreportedItem 5.I
Custody
$193M, 192 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$237M66%
  • Individuals$117M33%
  • Charitable organizations$3.0M0.8%
  • Corporations and businesses$544,8860.2%
Individual clients
404reported
HNW clients
80reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1,212reported
Financial planning clients
1-10reported
Wrap fee programs
$266M sponsored, $0 managedreported
Custody of client assets
$193M for 192 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
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
  • V•••••• T•••• · Managing Member & Chief Compliance Officercontrol
    since 05/2020 · 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
Billings, Mt · principal000
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 1,157 to 1,212
    Dec 20, 2023 to Mar 7, 2024
  • Advisory employees · 2 to 4
    Dec 20, 2023 to Mar 7, 2024
  • Charity clients · 4.0 to unset
    Dec 20, 2023 to Mar 7, 2024
  • Corporate clients · 2.0 to unset
    Dec 20, 2023 to Mar 7, 2024
  • HNW clients · 81 to 80
    Dec 20, 2023 to Mar 7, 2024
  • Individual clients · 368 to 404
    Dec 20, 2023 to Mar 7, 2024
  • Assets in custody · unset to 193138154.0
    Dec 20, 2023 to Mar 7, 2024
  • Custody of client assets · false to true
    Dec 20, 2023 to Mar 7, 2024
  • Employees · 4 to 6
    Dec 20, 2023 to Mar 7, 2024
  • Financial planning clients · 11-25 to 1-10
    Dec 20, 2023 to Mar 7, 2024
  • State-registered IARs · 2 to 4
    Dec 20, 2023 to Mar 7, 2024
  • Discretionary RAUM · $298M to $357M
    Dec 20, 2023 to Mar 7, 2024
  • HNW RAUM · $197M to $237M
    Dec 20, 2023 to Mar 7, 2024
  • Individual RAUM · $96.8M to $117M
    Dec 20, 2023 to Mar 7, 2024
  • RAUM · $298M to $357M
    Dec 20, 2023 to Mar 7, 2024
  • Wrap assets (sponsor) · $0 to $266M
    Dec 20, 2023 to Mar 7, 2024
  • Accounts · 1,146 to 1,157
    Dec 5, 2022 to Mar 8, 2023
  • Advisory employees · 4 to 2
    Dec 5, 2022 to Mar 8, 2023
  • Advisory activities · 4 to 3
    Dec 5, 2022 to Mar 8, 2023
  • HNW clients · 84 to 81
    Dec 5, 2022 to Mar 8, 2023
  • Individual clients · 363 to 368
    Dec 5, 2022 to Mar 8, 2023
  • Employees · 7 to 4
    Dec 5, 2022 to Mar 8, 2023
  • State-registered IARs · 4 to 2
    Dec 5, 2022 to Mar 8, 2023
  • Discretionary RAUM · $309M to $298M
    Dec 5, 2022 to Mar 8, 2023
  • HNW RAUM · $209M to $197M
    Dec 5, 2022 to Mar 8, 2023
  • Individual RAUM · $97.2M to $96.8M
    Dec 5, 2022 to Mar 8, 2023
  • RAUM · $309M to $298M
    Dec 5, 2022 to Mar 8, 2023
  • Accounts · 1,114 to 1,146
    Jan 18, 2022 to Mar 29, 2022
  • Advisory activities · 3 to 4
    Jan 18, 2022 to Mar 29, 2022
  • Corporate clients · unset to 2.0
    Jan 18, 2022 to Mar 29, 2022
  • HNW clients · 14 to 84
    Jan 18, 2022 to Mar 29, 2022
  • Individual clients · 380 to 363
    Jan 18, 2022 to Mar 29, 2022
  • Financial planning clients · 51-100 to 11-25
    Jan 18, 2022 to Mar 29, 2022
  • Discretionary RAUM · $300M to $309M
    Jan 18, 2022 to Mar 29, 2022
  • HNW RAUM · $160M to $209M
    Jan 18, 2022 to Mar 29, 2022
  • Individual RAUM · $138M to $97.2M
    Jan 18, 2022 to Mar 29, 2022
  • RAUM · $300M to $309M
    Jan 18, 2022 to Mar 29, 2022
  • Accounts · 1,043 to 1,114
    Nov 25, 2020 to Mar 25, 2021
  • BD registered reps · 4 to 0
    Nov 25, 2020 to Mar 25, 2021
  • Charity clients · unset to 4.0
    Nov 25, 2020 to Mar 25, 2021
Signals
6 dated events
  • D•••• T••••• G•••••••• left T••• N•••• F•••••••• for C••• L•• (registered 2024-09-24)
    Jan 28, 2025 · Advisor changed firm · fact
  • T•••• D••••• V••••• left T••• N•••• F•••••••• for C••• L•• (registered 2024-09-24)
    Jan 28, 2025 · Advisor changed firm · fact
  • R••• K••• W•••••• left T••• N•••• F•••••••• for C••• L•• (registered 2024-09-24)
    Jan 28, 2025 · Advisor changed firm · fact
  • L•• A•• F•••••• left T••• N•••• F•••••••• for C••• L•• (registered 2024-09-24)
    Jan 28, 2025 · Advisor changed firm · fact
  • T••• N•••• F••••••••'s advisors moved to C••• L•• (Billings, MT): 4 of 4 registered, on the same day
    Jan 28, 2025 · Firm absorbed (people side) · derived
  • T••• N•••• F•••••••• filed its initial SEC registration (Form ADV)
    May 29, 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.
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
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026