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
E•••••• S•••••• P•••••• W•••••
Legal name E•••••• S•••••• L••
Latest filing Sep 15, 2026
First filing on the tape Jul 21, 2023 · 11 filings
SEC status approved since Aug 21, 2023
RAUM
$203M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$203M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$33.9M
derived; firm RAUM over IAPD count
Employees
7
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$203M as of Feb 27, 2026
Jan 11, 2024$106M then
HNW client RAUM$109M as of Feb 27, 2026
Jan 11, 2024$38.2M then
State-registered IARs (5.B.3)6 as of Feb 27, 2026
Jan 11, 20246 then
Employees (5.A)7 as of Feb 27, 2026
Jan 11, 20246 then
Private funds: no history
RAUM +21% over the last fiscal yearIARs 6 to 6
Practice profile
derived from the filing of Sep 15, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- 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
- RAUM per advisor
- $33.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 80derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.3MderivedHNW RAUM over HNW clients
- Average account
- $425,696derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 6.0derived1 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
- +11%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$109M53%
- Individuals$94.8M47%
- Individual clients
- 397reported
- HNW clients
- 81reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 478reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd= related_bank= bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| D••• M• S••••••• | Minneapolis, Mn | Dec 22, 2020 | 19 y | 2 |
| C••• J••••••• R•••••Chartered Financial Consultant | Minneapolis, Mn | Feb 16, 2021 | 33 y | 3 |
| C••••• E• M•••• | Minneapolis, Mn | Jun 2, 2021 | 14 y | 0 |
| D••••••• A•••••••• C••••• | Minneapolis, Mn | Jun 15, 2022 | 16 y | 0 |
| W•••• S••••••• | Minneapolis, Mn | Apr 27, 2023 | 13 y | 0 |
| J•••• A••••• | Minneapolis, Mn | Nov 17, 2025 | 11 y | 0 |
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 headcount1 left over 36 months
Left, latest
- A•••••••• S•••• D•••••• to P•••• S••••••••• L••Mar 12, 2024 · RIA to affiliated broker-dealer or bank
Joined, latest
- C••• J••••••• R••••• from P••• A••••• S••••••••• L••Feb 16, 2021 · Affiliated broker-dealer or bank to independent RIA
- D••• M• S••••••• from P••• A••••• S••••••••• L••Dec 22, 2020 · Affiliated broker-dealer or bank to independent RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- S•••••••• D•••• M• · Managing Member/Chief Compliance Officercontrolsince 08/2020 · owns 75% or more
Related persons
Schedule D 7.A
- E•••••• I•••••••• L••real estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Minneapolis, Mn · principal | 6 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- HNW share shiftChange between filings · filing Feb 27, 2026HNW share of RAUM moved from 34.0% to 53.0% between the annual amendments of 2025-04-17 and 2026-02-27peers: independent wealth managers, $100M to $500M (5,678)
What changed
consecutive filings, newest first
- Financial planning clients · 11-25 to 11-25Feb 27, 2026 to Sep 15, 2026
- Related adviser · false to unsetFeb 27, 2026 to Sep 15, 2026
- Related bank · false to unsetFeb 27, 2026 to Sep 15, 2026
- Related broker-dealer · false to unsetFeb 27, 2026 to Sep 15, 2026
- Related insurance company · false to unsetFeb 27, 2026 to Sep 15, 2026
- Succession · false to unsetFeb 27, 2026 to Sep 15, 2026
- Accounts · 432 to 478Nov 25, 2025 to Feb 27, 2026
- HNW clients · 27 to 81Nov 25, 2025 to Feb 27, 2026
- Individual clients · 405 to 397Nov 25, 2025 to Feb 27, 2026
- Employees · 6 to 7Nov 25, 2025 to Feb 27, 2026
- Discretionary RAUM · $168M to $203MNov 25, 2025 to Feb 27, 2026
- HNW RAUM · $56.7M to $109MNov 25, 2025 to Feb 27, 2026
- Individual RAUM · $112M to $94.8MNov 25, 2025 to Feb 27, 2026
- RAUM · $168M to $203MNov 25, 2025 to Feb 27, 2026
- Advisory employees · 5 to 6Aug 4, 2025 to Nov 25, 2025
- Employees · 5 to 6Aug 4, 2025 to Nov 25, 2025
- State-registered IARs · 5 to 6Aug 4, 2025 to Nov 25, 2025
- Advisory employees · 6 to 5Apr 17, 2025 to Aug 4, 2025
- Employees · 6 to 5Apr 17, 2025 to Aug 4, 2025
- State-registered IARs · 6 to 5Apr 17, 2025 to Aug 4, 2025
- Advisory employees · 5 to 6Jan 29, 2025 to Apr 17, 2025
- Employees · 5 to 6Jan 29, 2025 to Apr 17, 2025
- Financial planning clients · 11-25 to 11-25Jan 29, 2025 to Apr 17, 2025
- State-registered IARs · 5 to 6Jan 29, 2025 to Apr 17, 2025
- Accounts · 396 to 432Dec 18, 2024 to Jan 29, 2025
- Advisory activities · 1 to 2Dec 18, 2024 to Jan 29, 2025
- HNW clients · 36 to 27Dec 18, 2024 to Jan 29, 2025
- Individual clients · 360 to 405Dec 18, 2024 to Jan 29, 2025
- Discretionary RAUM · $106M to $168MDec 18, 2024 to Jan 29, 2025
- HNW RAUM · $38.2M to $56.7MDec 18, 2024 to Jan 29, 2025
- Individual RAUM · $68.3M to $112MDec 18, 2024 to Jan 29, 2025
- RAUM · $106M to $168MDec 18, 2024 to Jan 29, 2025
- Advisory employees · 6 to 5Jan 11, 2024 to Mar 12, 2024
- Employees · 6 to 5Jan 11, 2024 to Mar 12, 2024
- State-registered IARs · 6 to 5Jan 11, 2024 to Mar 12, 2024
- Accounts · 730 to 396Sep 25, 2023 to Jan 11, 2024
- HNW clients · 35 to 36Sep 25, 2023 to Jan 11, 2024
- Individual clients · 407 to 360Sep 25, 2023 to Jan 11, 2024
- Discretionary RAUM · $102M to $106MSep 25, 2023 to Jan 11, 2024
- HNW RAUM · $31.6M to $38.2MSep 25, 2023 to Jan 11, 2024
Signals
2 dated events
- A•••••••• S•••• D•••••• left E•••••• S•••••• P•••••• W••••• for P•••• S••••••••• L•• (registered 2024-04-01)Mar 12, 2024 · Advisor changed firm · fact
- E•••••• S•••••• P•••••• W••••• filed its initial SEC registration (Form ADV)Jul 21, 2023 · 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
- 612-429-0424reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- e•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 612-325-5920reportedpublic record, Form ADV, 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
- $33.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026