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
D••••• • C••••• F•••••••• A•••••••
Legal name D••••• C•••••••••
Latest filing Feb 9, 2026
First filing on the tape Oct 26, 2023 · 6 filings
SEC status approved since Nov 28, 2023
RAUM
$374M
reported, Item 5.F
Discretionary
90%
of RAUM
Private clients
100%
$374M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$93.5M
derived; firm RAUM over IAPD count
Employees
7
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
6 filings and snapshots on the tape
RAUM$374M as of Feb 9, 2026
Mar 20, 2024$255M then
HNW client RAUM$168M as of Feb 9, 2026
Mar 20, 2024$80.6M then
State-registered IARs (5.B.3)3 as of Feb 9, 2026
Mar 20, 20243 then
Employees (5.A)7 as of Feb 9, 2026
Mar 20, 20246 then
Private funds: no history
RAUM +21% over the last fiscal yearIARs 3 to 3
Practice profile
derived from the filing of Feb 9, 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
- Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
- RAUM per advisor
- $93.5MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 166derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.9MderivedHNW RAUM over HNW clients
- Average account
- $216,726derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 90%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.8derivedItem 5.A over advisors
- Advisors per office
- 2.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +21%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -24%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, educational seminarsreportedItem 5.G
- Financial planning clients
- 500reportedItem 5.H
- Custody
- $8.7M, 22 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)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$206M55%
- High-net-worth individuals$168M45%
- Individual clients
- 573reported
- HNW clients
- 90reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 1,725reported
- Financial planning clients
- 500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $8.7M for 22 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=1.0 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 |
|---|---|---|---|---|
| J••• T••••• C•••••Certified Financial Planner | Maple Grove, Mn | Sep 21, 2020 | 27 y | 2 |
| D••••• J••• D•••••Certified Financial Planner | Maple Grove, Mn | Sep 21, 2020 | 28 y | 2 |
| L••• I•••• W•••••Certified Financial Planner | Frederick, Md | Oct 11, 2022 | 11 y | 1 |
| J•••• S••••••• J•••••Certified Financial Planner | Maple Grove, Mn | Apr 13, 2026 | 16 y | 2 |
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 headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- J•••• S••••••• J••••• from C•••••• A•••• M••••••••• L••Apr 13, 2026 · RIA to RIA
- L••• I•••• W••••• from A••••••••• W••••• P•••••••Oct 11, 2022 · RIA to RIA
- D••••• J••• D••••• from A••••••••• W••••• P•••••••Sep 21, 2020 · RIA to RIA
- J••• T••••• C••••• from A••••••••• W••••• P•••••••Sep 21, 2020 · RIA to RIA
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from A••••••••• W••••• P•••••••Oct 3, 2023 · Minnetonka, Mn
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- C•••••• J•••• T••••• · Vice Presidentcontrolsince 01/2007 · owns 10% to 25%
- D•••••• D•••••• J••• · President/Chief Compliance Officercontrolsince 11/2003 · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Maple Grove, Mn · principal | 3 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Feb 9, 2026private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $308,433,011 to $373,851,948, advisors 3 to 3, private clients 876 to 663, offices 1 to 1 (2025-02-05 to 2026-02-09)peers: independent wealth managers, $100M to $500M (5,676)
- custody status changedChange between filings · filing Feb 9, 2026custody of client assets (Item 9.A): no on the filing of 2025-02-05, yes on the filing of 2026-02-09peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 1,645 to 1,725Feb 5, 2025 to Feb 9, 2026
- HNW clients · 101 to 90Feb 5, 2025 to Feb 9, 2026
- Individual clients · 775 to 573Feb 5, 2025 to Feb 9, 2026
- Assets in custody · unset to 8716731.0Feb 5, 2025 to Feb 9, 2026
- Custody of client assets · false to trueFeb 5, 2025 to Feb 9, 2026
- Financial planning clients · 251-500 to More than 500Feb 5, 2025 to Feb 9, 2026
- Discretionary RAUM · $277M to $337MFeb 5, 2025 to Feb 9, 2026
- HNW RAUM · $107M to $168MFeb 5, 2025 to Feb 9, 2026
- Individual RAUM · $201M to $206MFeb 5, 2025 to Feb 9, 2026
- Non-discretionary RAUM · $31.1M to $36.6MFeb 5, 2025 to Feb 9, 2026
- RAUM · $308M to $374MFeb 5, 2025 to Feb 9, 2026
- Accounts · 1,517 to 1,645Mar 20, 2024 to Feb 5, 2025
- HNW clients · 46 to 101Mar 20, 2024 to Feb 5, 2025
- Individual clients · 550 to 775Mar 20, 2024 to Feb 5, 2025
- Employees · 6 to 7Mar 20, 2024 to Feb 5, 2025
- Financial planning clients · 251-500 to 251-500Mar 20, 2024 to Feb 5, 2025
- Discretionary RAUM · $233M to $277MMar 20, 2024 to Feb 5, 2025
- HNW RAUM · $80.6M to $107MMar 20, 2024 to Feb 5, 2025
- Individual RAUM · $175M to $201MMar 20, 2024 to Feb 5, 2025
- Non-discretionary RAUM · $22.6M to $31.1MMar 20, 2024 to Feb 5, 2025
- RAUM · $255M to $308MMar 20, 2024 to Feb 5, 2025
- Accounts · 1,670 to 1,517Dec 24, 2023 to Mar 20, 2024
- HNW clients · 25 to 46Dec 24, 2023 to Mar 20, 2024
- Individual clients · 812 to 550Dec 24, 2023 to Mar 20, 2024
- Insurance-licensed employees · 3 to 0Dec 24, 2023 to Mar 20, 2024
- Discretionary RAUM · $200M to $233MDec 24, 2023 to Mar 20, 2024
- HNW RAUM · $40.7M to $80.6MDec 24, 2023 to Mar 20, 2024
- Individual RAUM · $198M to $175MDec 24, 2023 to Mar 20, 2024
- Non-discretionary RAUM · $39.0M to $22.6MDec 24, 2023 to Mar 20, 2024
- RAUM · $239M to $255MDec 24, 2023 to Mar 20, 2024
Signals
2 dated events
- D••••• • C••••• F•••••••• A••••••• filed its initial SEC registration (Form ADV)Oct 26, 2023 · First SEC registration · fact
- 2 advisors left A••••••••• W••••• P••••••• (Minnetonka, MN) for D••••• • C••••• F•••••••• A••••••• on the same dayOct 3, 2023 · Team lift-out · derived
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
- 612-436-3714reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 301-893-4978reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 763-657-0537reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- linkedin.com/company/dorval-&-chorne-financial-advisorsreportedpublic record, Form ADV, Sep 18, 2026
- Website
- d•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 612-436-3714reportedpublic record, Form ADV, Feb 9, 2026
- Contact form
- d•••••••••.comreportedpublished by the firm, firm site, Sep 17, 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
- $93.5Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026