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
B•••••••• P••••••• L••
Latest filing Feb 9, 2026
First filing on the tape Feb 10, 2021 · 13 filings
SEC status approved since Mar 12, 2021
RAUM
$293M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
95%
$279M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$97.6M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$293M as of Feb 9, 2026
Jan 12, 2022$166M then
HNW client RAUM$234M as of Feb 9, 2026
Jan 12, 2022$80.0M then
State-registered IARs (5.B.3)3 as of Feb 9, 2026
Jan 12, 20224 then
Employees (5.A)4 as of Feb 9, 2026
Jan 12, 20224 then
Private funds: no history
RAUM +14% over the last fiscal year+24% a year over threeIARs 4 to 3
Practice profile
derived from the filing of Feb 9, 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $97.6MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 108derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.5MderivedHNW RAUM over HNW clients
- Average account
- $869,167derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 0.0%derivedof RAUM
- Institutional
- 4.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- -25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +1.6%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 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)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$234M80%
- Individuals$44.3M15%
- Pension and profit-sharing plans$14.2M4.9%
- Individual clients
- 231reported
- HNW clients
- 93reported
- Pension plan clients
- 13reported
- Charitable clients
- 0reported
- Accounts
- 337reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.95 fund_share=0.0 institutional_share=0.05 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| C••••••••• D••• M••••••• | Traverse City, Mi | Apr 30, 2021 | 20 y | 5 |
| J••••••• E••• G••••• | Traverse City, Mi | Apr 30, 2021 | 20 y | 1 |
| S•••• L••• H••••••••• | Traverse City, Mi | Apr 30, 2021 | 12 y | 1 |
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 headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- C••••••••• D••• M••••••• from O•••• F•• I•••Apr 30, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
- S•••• L••• H••••••••• from O•••• F•• I•••Apr 30, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
- J••••••• E••• G••••• from O•••• F•• I•••Apr 30, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from O•••• F•• I•••May 4, 2021 · Traverse City, Mi
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- G•••••• J•••••••• E••• · Managing Partnercontrolsince 02/2021 · owns 50% to 75%
- M•••••••• C••••••••• D••• · Managing Member & Chief Compliance Officercontrolsince 02/2021 · owns 50% to 75%
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 |
|---|---|---|---|---|---|
| Traverse City, Mi · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Feb 9, 2026discretionary share of RAUM of 0% against a peer median of 100% (5676 comparable advisers, 0.0th percentile, 33.7 robust deviations)peers: independent wealth managers, $100M to $500M (5,676) · 0.0% percentile
- account count collapseChange between filings · filing Feb 9, 2026accounts (Item 5.F.2.f) moved from 875.0 to 337.0 (-61.0%) between the annual amendments of 2025-04-21 and 2026-02-09; the peer median change was +5.0% (3687 comparable advisers, 2.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,687) · 2.0% percentile
What changed
consecutive filings, newest first
- Accounts · 875 to 337Apr 21, 2025 to Feb 9, 2026
- Advisory employees · 4 to 3Apr 21, 2025 to Feb 9, 2026
- HNW clients · 87 to 93Apr 21, 2025 to Feb 9, 2026
- Individual clients · 232 to 231Apr 21, 2025 to Feb 9, 2026
- Pension plan clients · 8 to 13Apr 21, 2025 to Feb 9, 2026
- Employees · 5 to 4Apr 21, 2025 to Feb 9, 2026
- State-registered IARs · 4 to 3Apr 21, 2025 to Feb 9, 2026
- HNW RAUM · $211M to $234MApr 21, 2025 to Feb 9, 2026
- Individual RAUM · $40.6M to $44.3MApr 21, 2025 to Feb 9, 2026
- Non-discretionary RAUM · $258M to $293MApr 21, 2025 to Feb 9, 2026
- Pension RAUM · $6.6M to $14.2MApr 21, 2025 to Feb 9, 2026
- RAUM · $258M to $293MApr 21, 2025 to Feb 9, 2026
- Financial planning clients · 0 to 0Jan 22, 2025 to Apr 21, 2025
- Accounts · 308 to 875Jan 31, 2024 to Jan 22, 2025
- Individual clients · 221 to 232Jan 31, 2024 to Jan 22, 2025
- Employees · 6 to 5Jan 31, 2024 to Jan 22, 2025
- Financial planning clients · 1-10 to 0Jan 31, 2024 to Jan 22, 2025
- HNW RAUM · $152M to $211MJan 31, 2024 to Jan 22, 2025
- Individual RAUM · $35.6M to $40.6MJan 31, 2024 to Jan 22, 2025
- Non-discretionary RAUM · $195M to $258MJan 31, 2024 to Jan 22, 2025
- Pension RAUM · $7.5M to $6.6MJan 31, 2024 to Jan 22, 2025
- RAUM · $195M to $258MJan 31, 2024 to Jan 22, 2025
- Accounts · 606 to 308Jan 18, 2023 to Jan 31, 2024
- HNW clients · 37 to 87Jan 18, 2023 to Jan 31, 2024
- Pension plan clients · 15 to 8Jan 18, 2023 to Jan 31, 2024
- Employees · 4 to 6Jan 18, 2023 to Jan 31, 2024
- Financial planning clients · 51-100 to 1-10Jan 18, 2023 to Jan 31, 2024
- HNW RAUM · $64.0M to $152MJan 18, 2023 to Jan 31, 2024
- Individual RAUM · $82.0M to $35.6MJan 18, 2023 to Jan 31, 2024
- Non-discretionary RAUM · $155M to $195MJan 18, 2023 to Jan 31, 2024
- Pension RAUM · $9.0M to $7.5MJan 18, 2023 to Jan 31, 2024
- RAUM · $155M to $195MJan 18, 2023 to Jan 31, 2024
- Accounts · 516 to 606Jan 12, 2022 to Jan 18, 2023
- HNW clients · 30 to 37Jan 12, 2022 to Jan 18, 2023
- Individual clients · 262 to 221Jan 12, 2022 to Jan 18, 2023
- Pension plan clients · 12 to 15Jan 12, 2022 to Jan 18, 2023
- Financial planning clients · 26-50 to 51-100Jan 12, 2022 to Jan 18, 2023
- HNW RAUM · $80.0M to $64.0MJan 12, 2022 to Jan 18, 2023
- Individual RAUM · $76.0M to $82.0MJan 12, 2022 to Jan 18, 2023
- Non-discretionary RAUM · $166M to $155MJan 12, 2022 to Jan 18, 2023
Signals
1 dated events
- B•••••••• P••••••• L•• filed its initial SEC registration (Form ADV)Feb 10, 2021 · 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 email
- s••••••@b••••••••.familyreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 231-668-4147reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- b••••••••.familyreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (231) 668-4147reportedpublic record, Form ADV, Feb 9, 2026
- Team page
- b••••••••.familyreportedpublished by the firm, firm site, 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
- $97.6Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026