DFX Intelligence

RIA Intelligence

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SEC-registered adviser

S••••• W••••• P••••••• L••

Independent wealth managerCRD 315368SEC 801-122180website IAPD

Latest filing Feb 24, 2026

First filing on the tape Jul 28, 2021 · 16 filings

SEC status approved since Aug 27, 2021

RAUM

$161M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

100%

$161M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$80.6M

derived; firm RAUM over IAPD count

Employees

2 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

16 filings and snapshots on the tape

RAUM$161M as of Feb 24, 2026

Mar 7, 2022$106M then

HNW client RAUM$145M as of Feb 24, 2026

Mar 7, 2022$101M then

State-registered IARs (5.B.3)2 as of Feb 24, 2026

Mar 7, 20222 then

Employees (5.A)2 as of Feb 24, 2026

Mar 7, 20222 then

Private funds: no history

RAUM +15% over the last fiscal year+17% a year over threeIARs 2 to 2

Practice profile

derived from the filing of Feb 24, 2026; every figure names its basis

Archetypes, each a printed rule

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: $80.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 43derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $3.9MderivedHNW RAUM over HNW clients
Average account: $370,568derivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.0derivedItem 5.A over advisors
Advisors per office: 2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year: +15%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, pension consulting, selection of other advisersreportedItem 5.G
Custody: $46.2M, 72 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)
has custody of client cash or bank accounts (9.A.1.a)
has custody of client securities (9.A.1.b)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$145M90%
Individuals$15.7M9.7%

Individual clients: 49reported
HNW clients: 37reported
Pension plan clients: n/areported
Charitable clients: n/areported
Accounts: 435reported
Financial planning clients: 51-100reported
Wrap fee programs: noreported
Custody of client assets: $46.2M for 72 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

2 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
D•••• M•••••• S•••••	Edina, Mn	Jan 4, 2022	16 y	1
C•••••• A•• M•••	Edina, Mn	Mar 7, 2022	15 y	3

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•••••• A•• M••• from R•• C•••••• M••••••• L••
Mar 7, 2022 · Affiliated broker-dealer or bank to independent RIA
D•••• M•••••• S••••• from R•• C•••••• M••••••• L••
Jan 4, 2022 · Affiliated broker-dealer or bank to independent RIA

Every departure Every arrival

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

S•••••• D••••• M•••••• · Principal And Chief Compliance Officercontrol
since 09/2021 · owns 75% or more

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
Edina, Mn	2	0	0

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

ADV anomalies

1 against comparable advisers; where to look, not conclusions

custody status changedChange between filings · filing Feb 24, 2026
custody of client assets (Item 9.A): no on the filing of 2025-02-19, yes on the filing of 2026-02-24
peers: independent wealth managers, $100M to $500M (5,678)

How anomalies are measured

What changed

consecutive filings, newest first

Accounts · 398 to 435
Feb 19, 2025 to Feb 24, 2026
HNW clients · 50 to 37
Feb 19, 2025 to Feb 24, 2026
Individual clients · 28 to 49
Feb 19, 2025 to Feb 24, 2026
Assets in custody · unset to 46221074.0
Feb 19, 2025 to Feb 24, 2026
Custody of client assets · false to true
Feb 19, 2025 to Feb 24, 2026
Discretionary RAUM · $140M to $161M
Feb 19, 2025 to Feb 24, 2026
HNW RAUM · $134M to $145M
Feb 19, 2025 to Feb 24, 2026
Individual RAUM · $5.7M to $15.7M
Feb 19, 2025 to Feb 24, 2026
RAUM · $140M to $161M
Feb 19, 2025 to Feb 24, 2026
Accounts · 383 to 398
Sep 25, 2024 to Feb 19, 2025
HNW clients · 61 to 50
Sep 25, 2024 to Feb 19, 2025
Individual clients · 27 to 28
Sep 25, 2024 to Feb 19, 2025
Financial planning clients · 51-100 to 51-100
Sep 25, 2024 to Feb 19, 2025
HQ city · unset to
Sep 25, 2024 to Feb 19, 2025
HQ state · unset to
Sep 25, 2024 to Feb 19, 2025
Discretionary RAUM · $121M to $140M
Sep 25, 2024 to Feb 19, 2025
HNW RAUM · $106M to $134M
Sep 25, 2024 to Feb 19, 2025
Individual RAUM · $18.5M to $5.7M
Sep 25, 2024 to Feb 19, 2025
Non-discretionary RAUM · $3.7M to $0
Sep 25, 2024 to Feb 19, 2025
RAUM · $125M to $140M
Sep 25, 2024 to Feb 19, 2025
Business name · B••• O• W••••• M••••••••• L•• to S••••• W••••• P••••••• L••
Jan 31, 2024 to Apr 29, 2024
Accounts · 342 to 383
Mar 22, 2023 to Jan 16, 2024
HNW clients · 48 to 61
Mar 22, 2023 to Jan 16, 2024
Individual clients · 17 to 27
Mar 22, 2023 to Jan 16, 2024
Assets in custody · 88511457.0 to unset
Mar 22, 2023 to Jan 16, 2024
Custody of client assets · true to false
Mar 22, 2023 to Jan 16, 2024
Employees · 3 to 2
Mar 22, 2023 to Jan 16, 2024
Discretionary RAUM · $101M to $121M
Mar 22, 2023 to Jan 16, 2024
HNW RAUM · $97.6M to $106M
Mar 22, 2023 to Jan 16, 2024
Individual RAUM · $3.7M to $18.5M
Mar 22, 2023 to Jan 16, 2024
Non-discretionary RAUM · $700,997 to $3.7M
Mar 22, 2023 to Jan 16, 2024
RAUM · $101M to $125M
Mar 22, 2023 to Jan 16, 2024
Accounts · 289 to 342
Mar 7, 2022 to Mar 22, 2023
HNW clients · 37 to 48
Mar 7, 2022 to Mar 22, 2023
Individual clients · 21 to 17
Mar 7, 2022 to Mar 22, 2023
Assets in custody · $78.5M to $88.5M
Mar 7, 2022 to Mar 22, 2023
Employees · 2 to 3
Mar 7, 2022 to Mar 22, 2023
Financial planning clients · 1-10 to 51-100
Mar 7, 2022 to Mar 22, 2023
Discretionary RAUM · $84.1M to $101M
Mar 7, 2022 to Mar 22, 2023
HNW RAUM · $101M to $97.6M
Mar 7, 2022 to Mar 22, 2023

Signals

3 dated events

Edward Christopher Winn (Chief Compliance Officer) no longer on Schedule A of S••••• W••••• P••••••• L•• (listed 2021-07-28, absent 2021-09-29)
Sep 29, 2021 · Control person left · inference
Michael David Sieben (Principal And Chief Compliance Officer) appeared on Schedule A of S••••• W••••• P••••••• L••
Sep 29, 2021 · Control person joined · fact
B••• O• W••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
Jul 28, 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

Firm profile: linkedin.com/company/siebenwpreportedpublic record, Form ADV, Sep 21, 2026
Website: siebenwp.comreportedpublic record, Form ADV, Sep 21, 2026
Principal office phone: 612-720-4637reportedpublic record, Form ADV, Feb 24, 2026
Contact form: siebenwp.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
Team page: siebenwp.com/who-we-are/teamreportedpublished by the firm, firm site, Sep 16, 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: $80.6Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026