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
Normandy Investment Advisors
Legal name Summit Investment Advisors Inc
Latest filing Mar 31, 2026
First filing on the tape Aug 13, 2021 · 6 filings
SEC status approved since Sep 15, 2021
RAUM
$273M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
97%
$265M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$54.7M
derived; firm RAUM over IAPD count
Employees
5
5 advisory (5.B.1)
Offices
7
beyond the principal office
Private funds
0
reported on Schedule D
History
6 filings and snapshots on the tape
RAUM$273M as of Mar 31, 2026
Jan 11, 2022$120M then
HNW client RAUM$194M as of Mar 31, 2026
Jan 11, 2022$54.5M then
State-registered IARs (5.B.3)5 as of Mar 31, 2026
Jan 11, 20223 then
Employees (5.A)5 as of Mar 31, 2026
Jan 11, 20224 then
Private funds: no history
RAUM +92% over the last fiscal year+38% a year over threeIARs 6 to 5offices 6 to 7
Practice profile
derived from the filing of Mar 31, 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
- RAUM per advisor
- $54.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 59derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.7MderivedHNW RAUM over HNW clients
- Average account
- $374,970derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 0.6derived8 offices incl. principal (1.F.5)
- RAUM growth, one year
- +92%derivedbetween the last two annual amendments
- Advisor growth, one year
- -17%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +20%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
- Custody
- $7.7M, 11 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)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$194M71%
- Individuals$70.8M26%
- Corporations and businesses$7.3M2.7%
- Charitable organizations$1.4M0.5%
- Individual clients
- 222reported
- HNW clients
- 72reported
- Pension plan clients
- 0reported
- Charitable clients
- 3reported
- Accounts
- 729reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- $7.7M for 11 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.97 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Jeffrey Alan TudasCertified Financial Planner | Leawood, Ks | Sep 30, 2021 | 25 y | 5 |
| Brent A Caswell | Leawood, Ks | Oct 15, 2021 | 16 y | 3 |
| Thomas Whitsed Laming | Leawood, Ks | Feb 3, 2022 | 31 y | 3 |
| Ryan J Tudas | Leawood, Ks | Aug 30, 2022 | 13 y | 0 |
| Eric Matthew MccarverCertified Financial Planner | Leawood, Ks | Apr 1, 2025 | 30 y | 1 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 20% of current headcount2 left over 36 months
Left, latest
- Tracy Ford to On Investment Management CoDec 31, 2025 · RIA to affiliated broker-dealer or bank
- Jason Grant Montgomery to Prevail Innovative Wealth Advisors, LLCDec 5, 2024 · RIA to RIA
Joined, latest
- Eric Matthew Mccarver from Commonwealth Financial NetworkApr 1, 2025 · Affiliated broker-dealer or bank to independent RIA
- Tracy Ford from Commonwealth Financial NetworkApr 23, 2024 · Affiliated broker-dealer or bank to independent RIA
- Thomas Whitsed Laming from Scout Investments, Inc.Feb 3, 2022 · Other
- Brent A Caswell from Commonwealth Financial NetworkOct 15, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
- Jeffrey Alan Tudas from Summit Wealth Advisors, LLCSep 30, 2021 · Other
- Jason Grant Montgomery from Commonwealth Financial NetworkSep 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
- 2 joined from Commonwealth Financial NetworkOct 1, 2021 · Overland Park, Ks
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- A Brent Caswell · Principalcontrolsince 07/2021 · owns less than 5%
- Alan Jeffrey Tudas · Founder, Principal And Chief Compliance Officercontrolsince 07/2006 · 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 |
|---|---|---|---|---|---|
| Leawood, Ks · principal | 5 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- high office count relative to headcountStatic outlier · filing Mar 31, 2026offices per registered advisor of 1.6 against a peer median of 0.6 (577 comparable advisers, 99.0th percentile, 3.9 robust deviations)peers: independent wealth managers, $100M to $500M (577) · 99% percentile
- account count surgeChange between filings · filing Mar 31, 2026accounts (Item 5.F.2.f) moved from 249.0 to 729.0 (+193.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +5.0% (3688 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,688) · 99% percentile
- custody status changedChange between filings · filing Mar 31, 2026custody of client assets (Item 9.A): no on the filing of 2025-03-31, yes on the filing of 2026-03-31peers: independent wealth managers, $100M to $500M (5,676)
- RAUM up 50 %Change between filings · filing Mar 31, 2026RAUM (Item 5.F) moved from $142,027,838 to $273,353,092 (+92.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +15.0% (4551 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,551) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 249 to 729Mar 31, 2025 to Mar 31, 2026
- Advisory employees · 6 to 5Mar 31, 2025 to Mar 31, 2026
- Charity clients · 1 to 3Mar 31, 2025 to Mar 31, 2026
- HNW clients · 31 to 72Mar 31, 2025 to Mar 31, 2026
- Individual clients · 214 to 222Mar 31, 2025 to Mar 31, 2026
- Assets in custody · unset to 7702760.0Mar 31, 2025 to Mar 31, 2026
- Custody of client assets · false to trueMar 31, 2025 to Mar 31, 2026
- Employees · 6 to 5Mar 31, 2025 to Mar 31, 2026
- State-registered IARs · 6 to 5Mar 31, 2025 to Mar 31, 2026
- Other offices · 6 to 7Mar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $142M to $273MMar 31, 2025 to Mar 31, 2026
- HNW RAUM · $84.6M to $194MMar 31, 2025 to Mar 31, 2026
- Individual RAUM · $50.4M to $70.8MMar 31, 2025 to Mar 31, 2026
- RAUM · $142M to $273MMar 31, 2025 to Mar 31, 2026
- Accounts · 288 to 249Mar 26, 2024 to Mar 31, 2025
- Advisory employees · 5 to 6Mar 26, 2024 to Mar 31, 2025
- Advisory activities · 4 to 3Mar 26, 2024 to Mar 31, 2025
- Charity clients · 2 to 1Mar 26, 2024 to Mar 31, 2025
- HNW clients · 49 to 31Mar 26, 2024 to Mar 31, 2025
- Individual clients · 229 to 214Mar 26, 2024 to Mar 31, 2025
- Employees · 5 to 6Mar 26, 2024 to Mar 31, 2025
- Financial planning clients · 11-25 to 11-25Mar 26, 2024 to Mar 31, 2025
- State-registered IARs · 5 to 6Mar 26, 2024 to Mar 31, 2025
- Other offices · 4 to 6Mar 26, 2024 to Mar 31, 2025
- Discretionary RAUM · $130M to $142MMar 26, 2024 to Mar 31, 2025
- HNW RAUM · $77.6M to $84.6MMar 26, 2024 to Mar 31, 2025
- Individual RAUM · $42.4M to $50.4MMar 26, 2024 to Mar 31, 2025
- RAUM · $130M to $142MMar 26, 2024 to Mar 31, 2025
- Accounts · 464 to 288Mar 29, 2023 to Mar 26, 2024
- Corporate clients · 2 to 3Mar 29, 2023 to Mar 26, 2024
- HNW clients · 34 to 49Mar 29, 2023 to Mar 26, 2024
- Individual clients · 230 to 229Mar 29, 2023 to Mar 26, 2024
- Pension plan clients · 3 to 0Mar 29, 2023 to Mar 26, 2024
- Financial planning clients · 1-10 to 11-25Mar 29, 2023 to Mar 26, 2024
- Discretionary RAUM · $104M to $130MMar 29, 2023 to Mar 26, 2024
- HNW RAUM · $57.7M to $77.6MMar 29, 2023 to Mar 26, 2024
- Individual RAUM · $35.0M to $42.4MMar 29, 2023 to Mar 26, 2024
- Pension RAUM · $2.6M to $0Mar 29, 2023 to Mar 26, 2024
- RAUM · $104M to $130MMar 29, 2023 to Mar 26, 2024
- Accounts · 292 to 464Jan 11, 2022 to Mar 29, 2023
Signals
4 dated events
- Normandy Investment Advisors reported RAUM $273.4M, up 92% from $142.0M (2025-03-31 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- Tracy Ford left Normandy Investment Advisors for On Investment Management Co (registered 2026-01-14)Dec 31, 2025 · Advisor changed firm · fact
- Jason Grant Montgomery left Normandy Investment Advisors for Prevail Innovative Wealth Advisors, Llc (registered 2024-12-05)Dec 5, 2024 · Advisor changed firm · fact
- Normandy Investment Advisors filed its initial SEC registration (Form ADV)Aug 13, 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 phone
- 913-914-1944reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/normandy-investment-advisorsreportedpublic record, Form ADV, Sep 17, 2026
- Website
- normandyia.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 913-914-1944reportedpublic record, Form ADV, Mar 31, 2026
- Contact form
- normandyia.com/get-in-touchreportedpublished 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
- $54.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026