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
F••••••• F•••••••• G••••• L••
Latest filing Aug 26, 2026
First filing on the tape Jul 7, 2021 · 26 filings
SEC status approved since Aug 9, 2021
RAUM
$352M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$351M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$44.0M
derived; firm RAUM over IAPD count
Employees
10
7 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$352M as of Aug 26, 2026
Mar 14, 2022$147M then
HNW client RAUM$256M as of Aug 26, 2026
Mar 14, 2022$76.4M then
State-registered IARs (5.B.3)7 as of Aug 26, 2026
Mar 14, 20223 then
Employees (5.A)10 as of Aug 26, 2026
Mar 14, 20225 then
Private funds: no history
RAUM +16% over the last fiscal year+25% a year over threeIARs 7 to 7offices 0 to 3
Practice profile
derived from the filing of Aug 26, 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
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $44.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 41derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.8MderivedHNW RAUM over HNW clients
- Average account
- $367,751derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 2.0derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +16%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +10%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, otherreportedItem 5.G
- Wrap fee program
- $352MreportedItem 5.I
- Custody
- $86.3M, 62 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
- 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)
- marketing includes testimonials (5.L.1.c)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$256M73%
- Individuals$95.3M27%
- Corporations and businesses$1.1M0.3%
- Individual clients
- 237reported
- HNW clients
- 93reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 958reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $86.3M for 62 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| D••••• E••••• L••••••••• | Rochester, Mn | Nov 9, 2021 | 37 y | 1 |
| D•••• D••••• P•••••• | Chanhassen, Mn | Nov 10, 2021 | 26 y | 1 |
| C••• W•••• S•••••••Certified Financial Planner | Rochester, Mn | Feb 28, 2022 | 20 y | 0 |
| L••• M••••• K••••••• | Horace, Nd | Oct 12, 2022 | 11 y | 2 |
| J••• T••••• Z•••••Certified Financial Planner | Rochester, Mn | Nov 6, 2023 | 13 y | 0 |
| A•••• R•••Certified Financial Planner | Rochester, Mn | May 29, 2024 | 10 y | 0 |
| J•••• C••••• H••••••••• | Rochester, Mn | Sep 16, 2024 | 13 y | 0 |
| J••••• N••••••• | Rochester, Mn | Jun 16, 2026 | 10 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 headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- L••• M••••• K••••••• from U••• B•••••• I••••••••• I•••Oct 12, 2022 · Affiliated broker-dealer or bank to independent RIA
- D•••• D••••• P•••••• from L•• F•••••••• L••Nov 10, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
- D••••• E••••• L••••••••• from L•• F•••••••• L••Nov 9, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- L••••••••• D•••••• E••••• · Managing Member / Founder, Financial Advisorcontrolsince 07/2021 · owns 75% or more
- P••••••• D••••• D••••• · Chief Compliance Officercontrolsince 07/2021 · owns less than 5%
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 |
|---|---|---|---|---|---|
| Rochester, Mn · principal | 8 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Other offices · 1 to 3Jun 18, 2026 to Aug 26, 2026
- Accounts · 833 to 958Oct 28, 2025 to Feb 20, 2026
- HNW clients · 81 to 93Oct 28, 2025 to Feb 20, 2026
- Individual clients · 219 to 237Oct 28, 2025 to Feb 20, 2026
- Assets in custody · $43.6M to $86.3MOct 28, 2025 to Feb 20, 2026
- Employees · 8 to 10Oct 28, 2025 to Feb 20, 2026
- Financial planning clients · 101-250 to 251-500Oct 28, 2025 to Feb 20, 2026
- Discretionary RAUM · $304M to $352MOct 28, 2025 to Feb 20, 2026
- HNW RAUM · $177M to $256MOct 28, 2025 to Feb 20, 2026
- Individual RAUM · $119M to $95.3MOct 28, 2025 to Feb 20, 2026
- RAUM · $304M to $352MOct 28, 2025 to Feb 20, 2026
- Other offices · 0 to 1Mar 28, 2025 to Oct 28, 2025
- Financial planning clients · 101-250 to 101-250Feb 28, 2025 to Mar 28, 2025
- Accounts · 729 to 833Jul 23, 2024 to Feb 28, 2025
- Advisory employees · 6 to 7Jul 23, 2024 to Feb 28, 2025
- Corporate clients · 5.0 to unsetJul 23, 2024 to Feb 28, 2025
- HNW clients · 71 to 81Jul 23, 2024 to Feb 28, 2025
- Individual clients · 212 to 219Jul 23, 2024 to Feb 28, 2025
- Assets in custody · $69.2M to $43.6MJul 23, 2024 to Feb 28, 2025
- Employees · 9 to 8Jul 23, 2024 to Feb 28, 2025
- State-registered IARs · 6 to 7Jul 23, 2024 to Feb 28, 2025
- Discretionary RAUM · $251M to $304MJul 23, 2024 to Feb 28, 2025
- HNW RAUM · $174M to $177MJul 23, 2024 to Feb 28, 2025
- Individual RAUM · $74.0M to $119MJul 23, 2024 to Feb 28, 2025
- RAUM · $251M to $304MJul 23, 2024 to Feb 28, 2025
- Advisory employees · 5 to 6Mar 12, 2024 to Jul 23, 2024
- Advisory activities · 2 to 3Mar 12, 2024 to Jul 23, 2024
- Employees · 7 to 9Mar 12, 2024 to Jul 23, 2024
- State-registered IARs · 5 to 6Mar 12, 2024 to Jul 23, 2024
- Accounts · 595 to 729Nov 15, 2023 to Mar 12, 2024
- Advisory employees · 4 to 5Nov 15, 2023 to Mar 12, 2024
- Corporate clients · unset to 5.0Nov 15, 2023 to Mar 12, 2024
- HNW clients · 43 to 71Nov 15, 2023 to Mar 12, 2024
- Individual clients · 197 to 212Nov 15, 2023 to Mar 12, 2024
- Assets in custody · $98.9M to $69.2MNov 15, 2023 to Mar 12, 2024
- Financial planning clients · 26-50 to 101-250Nov 15, 2023 to Mar 12, 2024
- State-registered IARs · 4 to 5Nov 15, 2023 to Mar 12, 2024
- Discretionary RAUM · $163M to $251MNov 15, 2023 to Mar 12, 2024
- HNW RAUM · $108M to $174MNov 15, 2023 to Mar 12, 2024
- Individual RAUM · $69.9M to $74.0MNov 15, 2023 to Mar 12, 2024
Signals
1 dated events
- F••••••• F•••••••• G••••• L•• filed its initial SEC registration (Form ADV)Jul 7, 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
- info@fortressfg.netreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 480-485-1400reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 507-529-1400reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/2368682/adminreportedpublic record, Form ADV, Sep 19, 2026
- Website
- fortressfg.netreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- (507) 529-1400reportedpublic record, Form ADV, Aug 26, 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
- $44.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026