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.
SEC-registered adviser
Nilsine Partners, LLC
Latest filing Mar 24, 2026
First filing on the tape Jul 13, 2021 · 18 filings
SEC status approved since Aug 12, 2021
RAUM
$1.9B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
80%
$1.5B individuals and HNW
Advisors
15
registered through the firm on IAPD
RAUM per advisor
$125M
derived; firm RAUM over IAPD count
Employees
18
12 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
11
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$1.9B as of Mar 24, 2026
Mar 29, 2022$1.0B then
HNW client RAUM$1.4B as of Mar 24, 2026
Mar 29, 2022$831M then
State-registered IARs (5.B.3)13 as of Mar 24, 2026
Mar 29, 20225 then
Employees (5.A)18 as of Mar 24, 2026
Mar 29, 20229 then
Private funds11 as of Mar 24, 2026
Mar 27, 20244 then
RAUM +10.0% over the last fiscal year+21% a year over threeIARs 11 to 13
Practice profile
derived from the filing of Mar 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
- RIA with heavy alternatives · a wealth manager whose private fund gross assets are at least 25 percent of RAUM, or five or more private funds
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $125MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 36derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.0MderivedHNW RAUM over HNW clients
- Average account
- $1.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 9.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 7.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +10.0%derivedbetween the last two annual amendments
- Advisor growth, one year
- +18%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.7%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- Custody
- $550M, 570 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)
- has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$1.4B73%
- Charitable organizations$176M9.4%
- Pooled investment vehicles$162M8.6%
- Individuals$129M6.9%
- Corporations and businesses$33.8M1.8%
- Individual clients
- 263reported
- HNW clients
- 277reported
- Pension plan clients
- n/areported
- Charitable clients
- 2reported
- Accounts
- 1,552reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $550M for 570 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.8 fund_share=0.09 institutional_share=0.09 related_bd=false related_bank=false bd_reps=2.0derived
Advisors registered through the firm
15 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Brett Robert Bills | Greenwood Village, Co | Sep 17, 2021 | 24 y | 1 |
| R Scott BillsCertified Financial Planner | Greenwood Village, Co | Sep 17, 2021 | 20 y | 1 |
| Aaron Patrick Seeman | Greenwood Village, Co | Sep 17, 2021 | 26 y | 1 |
| Joshua P DeloachCertified Financial Planner | Greenwood Village, Co | Sep 17, 2021 | 12 y | 1 |
| Teresa Lee Friess | Greenwood Village, Co | Sep 17, 2021 | 40 y | 1 |
| Samuel Stacey | Greenwood Village, Co | Jul 8, 2022 | 14 y | 0 |
| Daniel William WeeksCertified Financial Planner | Greenwood Village, Co | Nov 22, 2022 | 19 y | 5 |
| Devin B PopeCertified Financial Planner | Greenwood Village, Co | Apr 17, 2023 | 22 y | 4 |
| Jennifer Lynn Boyle | Greenwood Village, Co | Apr 18, 2023 | 13 y | 0 |
| Christine S WangCertified Financial Planner | Greenwood Village, Co | Aug 15, 2023 | 14 y | 1 |
| Carter Samuel Hall | Greenwood Village, Co | Nov 13, 2024 | 12 y | 0 |
| Elizabeth A Landsinger | Greenwood Village, Co | Apr 23, 2025 | 11 y | 1 |
| Madeline Anderson TestwuideCertified Financial Planner | Greenwood Village, Co | Apr 24, 2025 | 11 y | 1 |
| Liliya Tchistiak | Greenwood Village, Co | Jun 23, 2026 | 11 y | 1 |
| Tanner John SterkCertified Financial Planner | Greenwood Village, Co | Jul 21, 2026 | 11 y | 2 |
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days2 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Tanner John Sterk from Wela Strategies, Inc.Jul 21, 2026 · RIA to RIA
- Liliya Tchistiak from Presidio Capital Management, LLCJun 23, 2026 · RIA to RIA
- Madeline Anderson Testwuide from Eaton Vance ManagementApr 24, 2025 · RIA to RIA
- Elizabeth A Landsinger from Alliancebernstein L.P.Apr 23, 2025 · Other
- Christine S Wang from Schwab Wealth Advisory, Inc.Aug 15, 2023 · Other
- Devin B Pope from Albion Financial GroupApr 17, 2023 · RIA to RIA
- Daniel William Weeks from Umb Private Wealth Management, LLCNov 22, 2022 · RIA to RIA
- Brett Robert Bills from Merrill Lynch, Pierce, Fenner & Smith IncorporatedSep 17, 2021 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- Joshua P Deloach from Merrill Lynch, Pierce, Fenner & Smith IncorporatedSep 17, 2021 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- R Scott Bills from Merrill Lynch, Pierce, Fenner & Smith IncorporatedSep 17, 2021 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- Teresa Lee Friess from Merrill Lynch, Pierce, Fenner & Smith IncorporatedSep 17, 2021 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- Aaron Patrick Seeman from Merrill Lynch, Pierce, Fenner & Smith IncorporatedSep 17, 2021 · Wirehouse to a newly registered adviser (no RAUM reported yet)
Teams: two or more advisors moving together within fourteen days, from one state
- 5 joined from Merrill Lynch, Pierce, Fenner & Smith IncorporatedSep 20, 2021 · Greenwood Village, Co
Private funds
11 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Proteus Feeder I Offshore Spc Ltd. - Yampa Segregated Portfolio | $37.8M | 46 | Mar 24, 2026 | |
| Proteus Series Feeder Fund I, LLC - Shavano Fund | $32.4M | 21 | Mar 24, 2026 | |
| Proteus Series Feeder Fund I, LLC - Tabeguache Fund | $29.4M | 25 | Mar 24, 2026 | |
| Antero Private Equity Fund, LLC | Other Private Fund | $29.1M | 37 | Mar 27, 2024 |
| Antero Real Assets Fund, LLC | Other Private Fund | $25.0M | 37 | Mar 27, 2024 |
| Antero Private Credit Fund, LLC | Other Private Fund | $24.2M | 37 | Mar 27, 2024 |
| Antero Alternative Income Fund, LLC | Other Private Fund | $21.6M | 37 | Mar 27, 2024 |
| Proteus Series I Feeder Fund, LLC - Nilsine Partners Private Access Fund | $4.3M | 46 | Mar 24, 2026 | |
| Antero Private Equity Fund II, LLC | $0 | 0 | Mar 24, 2026 | |
| Antero Real Assets Fund II, LLC | $0 | 0 | Mar 24, 2026 | |
| Antero Private Credit Fund II, LLC | $0 | 0 | Mar 24, 2026 |
Owners and control persons
Schedule A and B, latest filing
- Robert Brett Bills · Chief Investment Officercontrolsince 09/2021 · owns less than 5%
- R Scott Bills · Chief Executive Officercontrolsince 09/2021 · owns less than 5%
- P Joshua Deloach · Chief Strategy Officercontrolsince 09/2021 · owns less than 5%
- Lee Teresa Friess · Executive Director, Compliancecontrolsince 01/2025 · owns less than 5%
- Patrick Aaron Seeman · Chief Experience Officercontrolsince 09/2021 · owns less than 5%
- Ann Melissa Straw · Chief Compliance Officercontrolsince 01/2025 · owns less than 5%
- Robert Brett Bills · Managing Membercontrolsince 09/2021 · owns 25% to 50% of Nilsine Assets, LLC
- R Scott Bills · Managing Membercontrolsince 09/2021 · owns 25% to 50% of Nilsine Assets, LLC
- Joseph Patrick Burns · General Counselsince 03/2023 · owns less than 5%
Entity owners
- Nilsine Assets, LLC · Memberdirect · 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 |
|---|---|---|---|---|---|
| Greenwood Village, Co · principal | 15 | 2 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Cottonwood Heights, UT1 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- business activity changedChange between filings · filing Mar 24, 2026pension consulting (Item 5.G.6): yes on the filing of 2025-09-29, no on the filing of 2026-03-24peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Mar 24, 2026STRAW, MELISSA, ANN (CHIEF COMPLIANCE OFFICER) appeared on Schedule A between the filings of 2023-03-27 and 2026-03-24peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Mar 24, 2026BILLS, R SCOTT (CHIEF EXECUTIVE OFFICER) left Schedule A between the filings of 2023-03-27 and 2026-03-24peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
- Accounts · 1,510 to 1,552Sep 29, 2025 to Mar 24, 2026
- Advisory employees · 11 to 12Sep 29, 2025 to Mar 24, 2026
- Advisory activities · 6 to 5Sep 29, 2025 to Mar 24, 2026
- Charity clients · 3 to 2Sep 29, 2025 to Mar 24, 2026
- Corporate clients · 5 to 6Sep 29, 2025 to Mar 24, 2026
- HNW clients · 259 to 277Sep 29, 2025 to Mar 24, 2026
- Individual clients · 277 to 263Sep 29, 2025 to Mar 24, 2026
- Pooled vehicle clients · unset to 11.0Sep 29, 2025 to Mar 24, 2026
- Assets in custody · $451M to $550MSep 29, 2025 to Mar 24, 2026
- Employees · 15 to 18Sep 29, 2025 to Mar 24, 2026
- State-registered IARs · 11 to 13Sep 29, 2025 to Mar 24, 2026
- Discretionary RAUM · $1.7B to $1.9BSep 29, 2025 to Mar 24, 2026
- HNW RAUM · $1.4B to $1.4BSep 29, 2025 to Mar 24, 2026
- Individual RAUM · $111M to $129MSep 29, 2025 to Mar 24, 2026
- Non-discretionary RAUM · $2.8M to $2.9MSep 29, 2025 to Mar 24, 2026
- Pooled vehicle RAUM · unset to 161505844.0Sep 29, 2025 to Mar 24, 2026
- RAUM · $1.7B to $1.9BSep 29, 2025 to Mar 24, 2026
- Financial planning clients · 0 to 0Aug 14, 2025 to Sep 29, 2025
- Private funds · 8 to 11Mar 21, 2025 to Jul 9, 2025
- Accounts · 1,382 to 1,510Nov 21, 2024 to Mar 21, 2025
- Advisory employees · 10 to 11Nov 21, 2024 to Mar 21, 2025
- Charity clients · unset to 3.0Nov 21, 2024 to Mar 21, 2025
- Corporate clients · 8 to 5Nov 21, 2024 to Mar 21, 2025
- HNW clients · 341 to 259Nov 21, 2024 to Mar 21, 2025
- Individual clients · 148 to 277Nov 21, 2024 to Mar 21, 2025
- Assets in custody · $436M to $451MNov 21, 2024 to Mar 21, 2025
- Employees · 14 to 15Nov 21, 2024 to Mar 21, 2025
- State-registered IARs · 10 to 11Nov 21, 2024 to Mar 21, 2025
- Private funds · 4 to 8Nov 21, 2024 to Mar 21, 2025
- Discretionary RAUM · $1.0B to $1.7BNov 21, 2024 to Mar 21, 2025
- HNW RAUM · $1.0B to $1.4BNov 21, 2024 to Mar 21, 2025
- Individual RAUM · $44.3M to $111MNov 21, 2024 to Mar 21, 2025
- Non-discretionary RAUM · $190M to $2.8MNov 21, 2024 to Mar 21, 2025
- RAUM · $1.2B to $1.7BNov 21, 2024 to Mar 21, 2025
- Accounts · 1,740 to 1,382Nov 30, 2023 to Mar 27, 2024
- Advisory employees · 7 to 10Nov 30, 2023 to Mar 27, 2024
- Advisory activities · 5 to 6Nov 30, 2023 to Mar 27, 2024
- BD registered reps · 4 to 2Nov 30, 2023 to Mar 27, 2024
- Corporate clients · 7 to 8Nov 30, 2023 to Mar 27, 2024
- HNW clients · 307 to 341Nov 30, 2023 to Mar 27, 2024
Signals
8 dated events
- Nilsine Partners, Llc reported RAUM $1.7B, up 38% from $1.2B (2024-11-21 to 2025-03-21)Mar 21, 2025 · RAUM change · derived
- Lee Teresa Friess (Chief Compliance Officer) appeared on Schedule A of Nilsine Partners, LlcSep 17, 2021 · Control person joined · fact
- R Scott Bills (Managing Member) appeared on Schedule A of Nilsine Partners, LlcSep 17, 2021 · Control person joined · fact
- Robert Brett Bills (Managing Member) appeared on Schedule A of Nilsine Partners, LlcSep 17, 2021 · Control person joined · fact
- William Alexander Hansen (Chief Compliance Officer) no longer on Schedule A of Nilsine Partners, Llc (listed 2021-07-13, absent 2021-09-17)Sep 17, 2021 · Control person left · inference
- P Joshua Deloach (Chief Strategy Officer) appeared on Schedule A of Nilsine Partners, LlcSep 17, 2021 · Control person joined · fact
- Patrick Aaron Seeman (Chief Of Philanthropic & Trust Services) appeared on Schedule A of Nilsine Partners, LlcSep 17, 2021 · Control person joined · fact
- Nilsine Partners filed its initial SEC registration (Form ADV)Jul 13, 2021 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Nilsine Partners, LLC · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Business email
- team@nilsinepartners.comreportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- link.edgepilot.com/s/3b99da3c/qrOj6ouXX0Wy4yIhwiuDPQ?u=httpsreportedpublic record, Form ADV, Sep 17, 2026
- Website
- nilsinepartners.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 303-529-5800reportedpublic record, Form ADV, Mar 24, 2026
- Team page
- nilsinepartners.com/peoplereportedpublished 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
- $125Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026