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
M••••••• N•••• A•••••••
Legal name P••••• W••••• H•••••••• L••
Latest filing Mar 28, 2025
First filing on the tape Sep 18, 2020 · 29 filings
SEC status approved since Oct 19, 2020
RAUM
$481M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$478M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
7
5 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$481M as of Mar 28, 2025
Feb 11, 2021$195M then
HNW client RAUM$312M as of Mar 28, 2025
Feb 11, 2021$98.7M then
State-registered IARs (5.B.3)5 as of Mar 28, 2025
Feb 11, 20212 then
Employees (5.A)7 as of Mar 28, 2025
Feb 11, 20215 then
Private funds: no history
RAUM +19% over the last fiscal year+30% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 28, 2025; every figure names its basis
- RAUM per advisor
- $96.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 128derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.9MderivedHNW RAUM over HNW clients
- Average account
- $304,278derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.4derivedItem 5.A over advisors
- Advisors per office
- 2.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +19%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +4.1%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- Financial planning clients
- 646reportedItem 5.H
- Wrap fee program
- $124MreportedItem 5.I
- Custody
- $317M, 477 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$312M65%
- Individuals$166M35%
- Corporations and businesses$1.4M0.3%
- Charitable organizations$1.2M0.3%
- Individual clients
- 481reported
- HNW clients
- 161reported
- Pension plan clients
- 0reported
- Charitable clients
- 2reported
- Accounts
- 1,580reported
- Financial planning clients
- 646reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $317M for 477 clientsreported
- Compensation
- % of AUM, fixedreported
- 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
- A••••• J•••• B••••••• to L•• F•••••••• L••Aug 14, 2025 · RIA to affiliated broker-dealer or bank
- J•••• P••••• to K••••• A••••••• S•••••••• L••Aug 14, 2025 · RIA to affiliated broker-dealer or bank
- M•••••• C••••• to K••••• A••••••• S•••••••• L••Aug 14, 2025 · RIA to affiliated broker-dealer or bank
- H•••• H••••• to K••••• A••••••• S•••••••• L••Aug 14, 2025 · RIA to affiliated broker-dealer or bank
Joined, latest
- H•••• H••••• from L•• F•••••••• L••Aug 2, 2024 · Affiliated broker-dealer or bank to independent RIA
- M•••••• C••••• from N•••••• W••••• M•••••••••Apr 8, 2021 · RIA to RIA
- J•••• P••••• from L•• F•••••••• L••Nov 13, 2020 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for K••••• A••••••• S•••••••• L••Aug 14, 2025 · Maple Grove, Mn · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B•••••••• A•••••• J•••• · Managing Membercontrolsince 07/2022 · owns 50% to 75%
- P•••••• J••••• M•••••• · Chief Compliance Officer And Managing Membercontrolsince 06/2020 · owns 50% to 75%
Related persons
Schedule D 7.A
- M••••••• N•••• I••••••••real estatey
- M••••••• N•••• T•• • A•••••••••insurancey
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Forest Lake, Mn | 0 | 0 | 0 | ||
| Maple Grove, Mn · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Forest Lake, MN3 employees
What changed
consecutive filings, newest first
- Advisory employees · 6 to 5Feb 21, 2025 to Mar 28, 2025
- Employees · 8 to 7Feb 21, 2025 to Mar 28, 2025
- Financial planning clients · More than 500 to More than 500Feb 21, 2025 to Mar 28, 2025
- State-registered IARs · 6 to 5Feb 21, 2025 to Mar 28, 2025
- Accounts · 1,463 to 1,580Aug 19, 2024 to Feb 21, 2025
- Charity clients · 1 to 2Aug 19, 2024 to Feb 21, 2025
- Corporate clients · 0 to 2Aug 19, 2024 to Feb 21, 2025
- HNW clients · 152 to 161Aug 19, 2024 to Feb 21, 2025
- Individual clients · 465 to 481Aug 19, 2024 to Feb 21, 2025
- Assets in custody · $306M to $317MAug 19, 2024 to Feb 21, 2025
- Discretionary RAUM · $404M to $481MAug 19, 2024 to Feb 21, 2025
- HNW RAUM · $261M to $312MAug 19, 2024 to Feb 21, 2025
- Individual RAUM · $142M to $166MAug 19, 2024 to Feb 21, 2025
- Non-discretionary RAUM · $0 to $39,736Aug 19, 2024 to Feb 21, 2025
- RAUM · $404M to $481MAug 19, 2024 to Feb 21, 2025
- Advisory employees · 5 to 6Apr 19, 2024 to Aug 19, 2024
- BD registered reps · 5 to 6Apr 19, 2024 to Aug 19, 2024
- Employees · 7 to 8Apr 19, 2024 to Aug 19, 2024
- State-registered IARs · 5 to 6Apr 19, 2024 to Aug 19, 2024
- Wrap assets (manager) · unset to 0.0Apr 19, 2024 to Aug 19, 2024
- Wrap assets (sponsor) · unset to 0.0Apr 19, 2024 to Aug 19, 2024
- Accounts · 1,386 to 1,463Sep 5, 2023 to Feb 21, 2024
- Advisory employees · 6 to 5Sep 5, 2023 to Feb 21, 2024
- HNW clients · 127 to 152Sep 5, 2023 to Feb 21, 2024
- Individual clients · 437 to 465Sep 5, 2023 to Feb 21, 2024
- Assets in custody · $189M to $306MSep 5, 2023 to Feb 21, 2024
- Employees · 8 to 7Sep 5, 2023 to Feb 21, 2024
- State-registered IARs · 6 to 5Sep 5, 2023 to Feb 21, 2024
- Discretionary RAUM · $339M to $404MSep 5, 2023 to Feb 21, 2024
- HNW RAUM · $195M to $261MSep 5, 2023 to Feb 21, 2024
- Individual RAUM · $144M to $142MSep 5, 2023 to Feb 21, 2024
- RAUM · $339M to $404MSep 5, 2023 to Feb 21, 2024
- Wrap assets (manager) · 93097631.0 to unsetAug 10, 2023 to Sep 5, 2023
- Wrap assets (sponsor) · 0.0 to unsetAug 10, 2023 to Sep 5, 2023
- Advisory employees · 5 to 6Mar 21, 2023 to Aug 10, 2023
- Employees · 7 to 8Mar 21, 2023 to Aug 10, 2023
- State-registered IARs · 5 to 6Mar 21, 2023 to Aug 10, 2023
- Advisory employees · 6 to 5Jan 30, 2023 to Mar 21, 2023
- BD registered reps · 6 to 5Jan 30, 2023 to Mar 21, 2023
- Employees · 8 to 7Jan 30, 2023 to Mar 21, 2023
Signals
11 dated events
- M••••••• N•••• A••••••• no longer on the SEC adviser roster (last listed 2025-08-01, RAUM $480.8M)Sep 2, 2025 · Left the SEC roster · derived
- J•••• P••••• left M••••••• N•••• A••••••• for K••••• A••••••• S•••••••• L•• (registered 2025-05-05)Aug 14, 2025 · Advisor changed firm · fact
- A••••• J•••• B••••••• left M••••••• N•••• A••••••• for L•• F•••••••• L•• (registered 2025-06-18)Aug 14, 2025 · Advisor changed firm · fact
- M••••••• N•••• A•••••••'s advisors moved to K••••• A••••••• S•••••••• L•• (Maple Grove, MN): 3 of 5 registered, on the same dayAug 14, 2025 · Firm absorbed (people side) · derived
- M•••••• C••••• left M••••••• N•••• A••••••• for K••••• A••••••• S•••••••• L•• (registered 2025-05-05)Aug 14, 2025 · Advisor changed firm · fact
- H•••• H••••• left M••••••• N•••• A••••••• for K••••• A••••••• S•••••••• L•• (registered 2025-05-05)Aug 14, 2025 · Advisor changed firm · fact
- David Wayne Boniface no longer registered at M••••••• N•••• A•••••••; no later IA registration on IAPDAug 14, 2025 · Advisor departure · fact
- M••••••• N•••• A••••••• reported RAUM $339.1M, up 57% from $216.6M (2022-12-20 to 2023-01-30)Jan 30, 2023 · RAUM change · derived
- Jacob Austin Boniface (Vice President) appeared on Schedule A of M••••••• N•••• A•••••••Jun 30, 2022 · Control person joined · fact
- Marie Christina Madson (Managing Member) no longer on Schedule A of M••••••• N•••• A••••••• (listed 2022-03-02, absent 2022-06-30)Jun 30, 2022 · Control person left · inference
- P••••• W••••• H•••••••• L•• filed its initial SEC registration (Form ADV)Sep 18, 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