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

1••• I••••••••• L••

Asset manager (funds and pooled vehicles)Denver, ColoradoCRD 312491SEC 801-120484websiteIAPD
Latest filing Mar 27, 2026
First filing on the tape Feb 8, 2021 · 13 filings
SEC status approved since Mar 11, 2021
RAUM
$5.9B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.1%
$5.6M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
13
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
5
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$5.9B as of Mar 27, 2026
Mar 30, 2022$17B then
HNW client RAUM$5.6M as of Mar 27, 2026
Mar 30, 2022$4.2B then
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Mar 30, 20220 then
Employees (5.A)13 as of Mar 27, 2026
Mar 30, 202211 then
Private funds5 as of Mar 27, 2026
Mar 30, 20225 then
RAUM +1.9% over the last fiscal year-4.1% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$350,817derivedHNW RAUM over HNW clients
Average account
$174MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+1.9%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
Custody
$5.9B, 34 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
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$5.9B99%
  • Corporations and businesses$47.3M0.8%
  • High-net-worth individuals$5.6M0.1%
Individual clients
n/areported
HNW clients
16reported
Pension plan clients
n/areported
Charitable clients
11reported
Accounts
34reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$5.9B for 34 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.99 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      6 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      1••• F•••• L••Other Private Fund$4.9B25Mar 31, 2023
      L••••• M•••••• 1••• F•••• L••Hedge Fund$2.9B1Feb 8, 2021
      I••••••• M•••••• 1••• F•••• L••Private Equity Fund$1.8B1Feb 8, 2021
      1••• N•• F•••• L••Other Private Fund$945M6Feb 8, 2021
      V•••• I••••••••• L••Liquidity Fund$297M36Feb 8, 2021
      E••••• L••Other Private Fund$85.3M33Mar 30, 2022
      Owners and control persons
      Schedule A and B, latest filing
      • D••••• C••••••••• C•••••• · Chief Investment Officer / Elected Managercontrol
        since 03/2023 · owns less than 5%
      • M••• D••••• J• · Elected Managercontrol
        since 04/2022 · owns less than 5%
      • M•••••• S•••• · Assistant Treasurercontrol
        since 12/2023 · owns less than 5%
      • T•••••• K••••• J• · Chief Compliance Officer, Secretary And General Counselcontrol
        since 08/2021 · owns less than 5%
      • W•••• K••••• A•• · Treasurercontrol
        since 12/2020 · owns less than 5%
      • W•••••• C••••••••• C••• J•••• · President & Chief Operating Officer / Elected Managercontrol
        since 12/2020 · owns less than 5%
      • F••••••• G••••••• W• · Trusteecontrol
        since 08/2019 · owns F of R•••••••• M•••••• T•••• C•••••• B• D•••• H• K••• 2••• T•••• U•••• 1••••••
      • K•••• C••••••• C•••• · Elected Managercontrol
        since 02/2023 · owns F of 1••• M••••••••• L••
      • K•••• C••••••• D••••••• · Trusteecontrol
        since 12/1997 · owns F of C•••••• G• K••• 1••• T•••• D•••• D••••••• 1•• 1•••
      • K•••• J••••• F• · Elected Managercontrol
        since 02/2023 · owns F of 1••• M••••••••• L••
      • M••• D••••• J• · Elected Managercontrol
        since 12/2014 · owns F of 1••• M••••••••• L••
      • R••••••••• D••••• L•• · Trusteecontrol
        since 02/2024 · owns F of R•••••••• M•••••• T•••• C•••••• B• D•••• H• K••• 2••• T•••• U•••• 1••••••
      Entity owners
      • 1••• M••••••••• L•• · Sole Member
        direct · owns 75% or more
      • B••••••• T•••• C•••••• O• D•••••••• N••• · Trustee
        indirect · owns F of R•••••••• M•••••• T•••• C•••••• B• D•••• H• K••• 2••• T•••• U•••• 1••••••
      • C•••••• G• K••• 1••• T•••• D•••• D••••••• 1•• 1••• · Member
        indirect · owns 25% to 50% of 1••• M••••••••• L••
      • R•••••••• M•••••• T•••• C•••••• B• D•••• H• K••• 2••• T•••• U•••• 1•••••• · Member
        indirect · owns 25% to 50% of 1••• M••••••••• L••
      • T•• B••••••• G••••• I••••••••• · Shareholder
        indirect · owns 75% or more of B••••••• T•••• C•••••• O• D•••••••• N•••
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 32 to 34
        Mar 27, 2025 to Mar 27, 2026
      • HNW clients · 14 to 16
        Mar 27, 2025 to Mar 27, 2026
      • Assets in custody · $5.8B to $5.9B
        Mar 27, 2025 to Mar 27, 2026
      • Employees · 14 to 13
        Mar 27, 2025 to Mar 27, 2026
      • Discretionary RAUM · $5.8B to $5.9B
        Mar 27, 2025 to Mar 27, 2026
      • HNW RAUM · $34,640 to $5.6M
        Mar 27, 2025 to Mar 27, 2026
      • Pooled vehicle RAUM · $5.8B to $5.9B
        Mar 27, 2025 to Mar 27, 2026
      • RAUM · $5.8B to $5.9B
        Mar 27, 2025 to Mar 27, 2026
      • Accounts · 36 to 32
        Apr 22, 2024 to Mar 27, 2025
      • Charity clients · 12 to 11
        Apr 22, 2024 to Mar 27, 2025
      • HNW clients · 17 to 14
        Apr 22, 2024 to Mar 27, 2025
      • Assets in custody · $5.9B to $5.8B
        Apr 22, 2024 to Mar 27, 2025
      • Financial planning clients · unset to
        Apr 22, 2024 to Mar 27, 2025
      • Discretionary RAUM · $5.9B to $5.8B
        Apr 22, 2024 to Mar 27, 2025
      • HNW RAUM · $32,268 to $34,640
        Apr 22, 2024 to Mar 27, 2025
      • Pooled vehicle RAUM · $5.9B to $5.8B
        Apr 22, 2024 to Mar 27, 2025
      • RAUM · $5.9B to $5.8B
        Apr 22, 2024 to Mar 27, 2025
      • Accounts · 56 to 36
        Mar 8, 2024 to Mar 28, 2024
      • Advisory employees · 6 to 7
        Mar 8, 2024 to Mar 28, 2024
      • Charity clients · 13 to 12
        Mar 8, 2024 to Mar 28, 2024
      • HNW clients · 36 to 17
        Mar 8, 2024 to Mar 28, 2024
      • Pooled vehicle clients · 6 to 5
        Mar 8, 2024 to Mar 28, 2024
      • Assets in custody · $6.7B to $5.9B
        Mar 8, 2024 to Mar 28, 2024
      • Private funds · 6 to 5
        Mar 8, 2024 to Mar 28, 2024
      • Discretionary RAUM · $6.7B to $5.9B
        Mar 8, 2024 to Mar 28, 2024
      • HNW RAUM · $80.4M to $32,268
        Mar 8, 2024 to Mar 28, 2024
      • Pooled vehicle RAUM · $6.6B to $5.9B
        Mar 8, 2024 to Mar 28, 2024
      • RAUM · $6.7B to $5.9B
        Mar 8, 2024 to Mar 28, 2024
      • Pooled vehicle clients · 5 to 6
        Mar 31, 2023 to Apr 28, 2023
      • Accounts · 58 to 56
        Aug 31, 2022 to Mar 31, 2023
      • HNW clients · 38 to 36
        Aug 31, 2022 to Mar 31, 2023
      • Assets in custody · $6.8B to $6.7B
        Aug 31, 2022 to Mar 31, 2023
      • Employees · 12 to 14
        Aug 31, 2022 to Mar 31, 2023
      • Private funds · 5 to 6
        Aug 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $6.8B to $6.7B
        Aug 31, 2022 to Mar 31, 2023
      • HNW RAUM · $80.2M to $80.4M
        Aug 31, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $6.7B to $6.6B
        Aug 31, 2022 to Mar 31, 2023
      • RAUM · $6.8B to $6.7B
        Aug 31, 2022 to Mar 31, 2023
      • Accounts · 60 to 58
        May 17, 2022 to Aug 31, 2022
      • Corporate clients · 1 to 2
        May 17, 2022 to Aug 31, 2022
      Signals
      14 dated events
      • Lee David Robertson (Trustee) appeared on Schedule A of 1••• I••••••••• L••
        Mar 8, 2024 · Control person joined · fact
      • E. Mark Humphrey (Trustee) no longer on Schedule A of 1••• I••••••••• L•• (listed 2023-12-18, absent 2024-03-08)
        Mar 8, 2024 · Control person left · inference
      • S•••• M••••• (Assistant Treasurer) appeared on Schedule A of 1••• I••••••••• L••
        Dec 18, 2023 · Control person joined · fact
      • Edward Trent May (President / Elected Manager) no longer on Schedule A of 1••• I••••••••• L•• (listed 2022-08-31, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • J Steven Feilmeier (Elected Manager) no longer on Schedule A of 1••• I••••••••• L•• (listed 2022-08-31, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • Charles Christopher Dries (Elected Manager) appeared on Schedule A of 1••• I••••••••• L••
        Mar 31, 2023 · Control person joined · fact
      • Chase Charles Koch (Elected Manager) appeared on Schedule A of 1••• I••••••••• L••
        Mar 31, 2023 · Control person joined · fact
      • F Julia Koch (Elected Manager) appeared on Schedule A of 1••• I••••••••• L••
        Mar 31, 2023 · Control person joined · fact
      • 1••• I••••••••• L•• reported RAUM $6.8B, down 59% from $16.6B (2022-05-17 to 2022-08-31)
        Aug 31, 2022 · RAUM change · derived
      • J David May (Elected Manager) appeared on Schedule A of 1••• I••••••••• L••
        Mar 30, 2022 · Control person joined · fact
      • J Steven Feilmeier (Elected Manager) appeared on Schedule A of 1••• I••••••••• L••
        Mar 30, 2022 · Control person joined · fact
      • T James Hsiung (Chief Compliance Officer, Secretary And General Counsel) no longer on Schedule A of 1••• I••••••••• L•• (listed 2021-02-08, absent 2021-09-03)
        Sep 3, 2021 · Control person left · inference
      • J. K•••• T••••• (Chief Compliance Officer, Secretary And General Counsel) appeared on Schedule A of 1••• I••••••••• L••
        Sep 3, 2021 · Control person joined · fact
      • 1••• I••••••••• L•• filed its initial SEC registration (Form ADV)
        Feb 8, 2021 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      1•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      720-201-6099reportedpublic record, Form ADV, Mar 27, 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
      Asset manager (funds and pooled vehicles)deriveda 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