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

L•• W••••• M•••••••••

Independent wealth managerAnkeny, IowaCRD 310466SEC 801-124725websiteIAPD
Legal name L•• C•••••• M••••••••• I•••
Latest filing Aug 11, 2026
First filing on the tape Mar 24, 2022 · 22 filings
SEC status approved since Apr 25, 2022
RAUM
$229M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
51%
$116M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$32.7M
derived; firm RAUM over IAPD count
Employees
11
11 advisory (5.B.1)
Offices
6
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$229M as of Aug 11, 2026
Mar 29, 2023$225M then
HNW client RAUM$78.7M as of Aug 11, 2026
Mar 29, 2023$88.4M then
State-registered IARs (5.B.3)6 as of Aug 11, 2026
Mar 29, 202310 then
Employees (5.A)11 as of Aug 11, 2026
Mar 29, 202315 then
Private funds: no history
RAUM +32% over the last fiscal year+0.5% a year over threeIARs 6 to 6offices 5 to 6
Practice profile
derived from the filing of Aug 11, 2026; every figure names its basis
Archetypes, each a printed rule
  • b••• affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$32.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
55derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$501,041derivedHNW RAUM over HNW clients
Average account
$399,245derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.6derivedItem 5.A over advisors
Advisors per office
1.0derived7 offices incl. principal (1.F.5)
RAUM growth, one year
+32%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-5.7%derived
Compensation
percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, otherreportedItem 5.G
Wrap fee program
$105MreportedItem 5.I
Custody
$3.9M, 14 clientsreportedItem 9.A
Ownership
a bank, bancorp or trust company is a 50 percent or greater ownerderived
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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Banks and thrifts$112M49%
  • High-net-worth individuals$78.7M34%
  • Individuals$37.8M17%
Individual clients
226reported
HNW clients
157reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
573reported
Financial planning clients
11-25reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$3.9M for 14 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.51 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=7.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
B•••• E••••• H•••••Chartered Financial ConsultantDes Moines, Ia Dec 6, 202128 y1
A•••••• J•••••••• U••••••••Ankeny, IaDec 6, 202135 y2
N••••••• H••••••••Clive, Ia Oct 27, 202214 y0
R•••• P••• R••••Ankeny, IaDec 19, 202436 y5
Z•••••• P•••••• M••••••••Ankeny, IaFeb 13, 202511 y1
H••••• J• B•••••Ankeny, Ia Sep 24, 202514 y0
T••••• M•••• P•••••••••Ankeny, IaAug 12, 202611 y0
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 headcount7 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
  • H•••••• K••••••• D••• · Presidentcontrol
    since 10/2024 · owns less than 5%
  • U••••••••• A••••••• J•••••••• · Chief Compliance Officercontrol
    since 03/2022 · owns less than 5%
Entity owners
  • L•••••• S•••••• B••• · Sole Owner
    direct · owns 75% or more
  • L•••••• B•••••• · Sole Owner
    indirect · owns 75% or more of L•••••• S•••••• B•••
Related persons
Schedule D 7.A
  • L•••••• S•••••• B•••
    y
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Ankeny, Ia · principal720
Cedar Falls, Ia110
Des Moines, Ia100
Reinbeck, Ia000
Waterloo, Ia000
Offices
Schedule D 1.F, the 25 largest
  • Cedar Falls, IA2 employees
  • Des Moines, IA2 employees
  • Reinbeck, IA2 employees
  • Waterloo, IA2 employees
  • Clive, IA1 employees
What changed
consecutive filings, newest first
  • Accounts · 567 to 573
    Oct 21, 2025 to Mar 30, 2026
  • Advisory employees · 10 to 11
    Oct 21, 2025 to Mar 30, 2026
  • HNW clients · 146 to 157
    Oct 21, 2025 to Mar 30, 2026
  • Individual clients · 260 to 226
    Oct 21, 2025 to Mar 30, 2026
  • Assets in custody · $4.3M to $3.9M
    Oct 21, 2025 to Mar 30, 2026
  • Employees · 10 to 11
    Oct 21, 2025 to Mar 30, 2026
  • Other offices · 5 to 6
    Oct 21, 2025 to Mar 30, 2026
  • Discretionary RAUM · $173M to $229M
    Oct 21, 2025 to Mar 30, 2026
  • HNW RAUM · $63.4M to $78.7M
    Oct 21, 2025 to Mar 30, 2026
  • Individual RAUM · $41.3M to $37.8M
    Oct 21, 2025 to Mar 30, 2026
  • RAUM · $173M to $229M
    Oct 21, 2025 to Mar 30, 2026
  • Financial planning clients · 11-25 to 11-25
    Mar 12, 2025 to Jul 30, 2025
  • Accounts · 1,435 to 567
    Feb 13, 2025 to Mar 12, 2025
  • Advisory employees · 7 to 10
    Feb 13, 2025 to Mar 12, 2025
  • BD registered reps · 9 to 7
    Feb 13, 2025 to Mar 12, 2025
  • HNW clients · 217 to 146
    Feb 13, 2025 to Mar 12, 2025
  • Individual clients · 460 to 260
    Feb 13, 2025 to Mar 12, 2025
  • Assets in custody · $421,942 to $4.3M
    Feb 13, 2025 to Mar 12, 2025
  • Employees · 12 to 10
    Feb 13, 2025 to Mar 12, 2025
  • State-registered IARs · 9 to 6
    Feb 13, 2025 to Mar 12, 2025
  • Discretionary RAUM · $232M to $173M
    Feb 13, 2025 to Mar 12, 2025
  • HNW RAUM · $87.1M to $63.4M
    Feb 13, 2025 to Mar 12, 2025
  • Individual RAUM · $82.8M to $41.3M
    Feb 13, 2025 to Mar 12, 2025
  • RAUM · $232M to $173M
    Feb 13, 2025 to Mar 12, 2025
  • Accounts · 1,157 to 1,435
    Oct 27, 2023 to Feb 23, 2024
  • Advisory employees · 11 to 7
    Oct 27, 2023 to Feb 23, 2024
  • HNW clients · 219 to 217
    Oct 27, 2023 to Feb 23, 2024
  • Individual clients · 450 to 460
    Oct 27, 2023 to Feb 23, 2024
  • Assets in custody · unset to 421942.0
    Oct 27, 2023 to Feb 23, 2024
  • Custody of client assets · false to true
    Oct 27, 2023 to Feb 23, 2024
  • Employees · 15 to 12
    Oct 27, 2023 to Feb 23, 2024
  • State-registered IARs · 10 to 9
    Oct 27, 2023 to Feb 23, 2024
  • Discretionary RAUM · $225M to $232M
    Oct 27, 2023 to Feb 23, 2024
  • HNW RAUM · $88.4M to $87.1M
    Oct 27, 2023 to Feb 23, 2024
  • Individual RAUM · $75.9M to $82.8M
    Oct 27, 2023 to Feb 23, 2024
  • Pension RAUM · 302068.0 to unset
    Oct 27, 2023 to Feb 23, 2024
  • RAUM · $225M to $232M
    Oct 27, 2023 to Feb 23, 2024
  • HQ city · CLIVE to ANKENY
    Mar 29, 2023 to Oct 13, 2023
  • Accounts · 553 to 1,157
    Dec 9, 2022 to Mar 29, 2023
  • HNW clients · 144 to 219
    Dec 9, 2022 to Mar 29, 2023
Signals
16 dated events
  • K•••••• D••• H••••• left L•• W••••• M••••••••• for P•••••••• S••••••••• I••• (registered 2025-07-01)
    Jul 1, 2025 · Advisor changed firm · fact
  • M••• D••••• M•••••• left L•• W••••• M••••••••• for A••••••••• F•••••••• S•••••••• L•• (registered 2024-11-08)
    Nov 15, 2024 · Advisor changed firm · fact
  • D••• K•••••• H••••• (President) appeared on Schedule A of L•• W••••• M•••••••••
    Oct 3, 2024 · Control person joined · fact
  • Donald Mark Mccombs (President) no longer on Schedule A of L•• W••••• M••••••••• (listed 2024-09-04, absent 2024-10-03)
    Oct 3, 2024 · Control person left · inference
  • A•• L••• W••••• left L•• W••••• M••••••••• for A•••••• A••••••• S••••••• (registered 2024-08-30)
    Sep 4, 2024 · Advisor changed firm · fact
  • H••••• K••• B••• left L•• W••••• M••••••••• for A••••••••• F•••••••• S•••••••• L•• (registered 2024-03-01)
    Mar 5, 2024 · Advisor changed firm · fact
  • N••••••• W•••••• B••••••• left L•• W••••• M••••••••• for A••••••••• F•••••••• S•••••••• L•• (registered 2024-03-01)
    Mar 5, 2024 · Advisor changed firm · fact
  • K••• A• R•••••••• left L•• W••••• M••••••••• for A••••••••• F•••••••• S•••••••• L•• (registered 2024-03-01)
    Mar 5, 2024 · Advisor changed firm · fact
  • 3 advisors left L•• W••••• M••••••••• (Waterloo, IA) for A••••••••• F•••••••• S•••••••• L•• on the same day
    Mar 5, 2024 · Team lift-out · derived
  • Donald Mark Mccombs (President) appeared on Schedule A of L•• W••••• M•••••••••
    Oct 13, 2023 · Control person joined · fact
  • C•••••• B••••••• S••••• (President) no longer on Schedule A of L•• W••••• M••••••••• (listed 2023-03-29, absent 2023-10-13)
    Oct 13, 2023 · Control person left · inference
  • B••••••• C•••••• S••••• left L•• W••••• M••••••••• for D•••••• T•••• C•••••• M••••••••• (registered 2023-10-24)
    Oct 3, 2023 · Advisor changed firm · fact
  • L•• W••••• M••••••••• reported 5 offices beyond its principal office, up from 0 (2022-12-09 to 2023-03-29)
    Mar 29, 2023 · Office count change · derived
  • Jeanblanc Annette Utterback (Chief Compliance Officer) appeared on Schedule A of L•• W••••• M•••••••••
    Mar 29, 2023 · Control person joined · fact
  • 3 advisors left L•• F•••••••• L•• (Allison, IA) for L•• W••••• M••••••••• on the same day
    Sep 29, 2022 · Team lift-out · derived
  • L•• W••••• M••••••••• filed its initial SEC registration (Form ADV)
    Mar 24, 2022 · 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
515-452-0711reportedpublished by the firm, firm site, Sep 17, 2026
Website
mylsbcapital.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
515-327-9922reportedpublic record, Form ADV, Aug 11, 2026
Contact form
mylsb.com/plan/advisory-services/lsb-capital-management/contreportedpublished 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
$32.7Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026