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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Former SEC-registered adviser
S•••• F•••••••• P•••••••• L••
Latest filing Sep 4, 2024
First filing on the tape Sep 8, 2021 · 10 filings
SEC status approved since Oct 8, 2021
RAUM
$779M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$775M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
12
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$779M as of Mar 15, 2024
Feb 4, 2022$586M then
HNW client RAUM$453M as of Mar 15, 2024
Feb 4, 2022$356M then
State-registered IARs (5.B.3)6 as of Mar 15, 2024
Feb 4, 20228 then
Employees (5.A)15 as of Mar 15, 2024
Feb 4, 202216 then
Private funds: no history
RAUM +24% over the last fiscal yearIARs 7 to 4offices 1 to 0
Practice profile
derived from the filing of Sep 4, 2024; every figure names its basis
- RAUM per advisor
- $195MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 285derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.2MderivedHNW RAUM over HNW clients
- Average account
- $234,262derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.0derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +24%derivedbetween the last two annual amendments
- Advisor growth, one year
- -14%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +2.6%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $408M, 600 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$453M58%
- Individuals$322M41%
- Charitable organizations$2.3M0.3%
- State and municipal entities$1.2M0.2%
- Corporations and businesses$651,9800.1%
- Individual clients
- 1,001reported
- HNW clients
- 140reported
- Pension plan clients
- n/areported
- Charitable clients
- 2reported
- Accounts
- 3,326reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $408M for 600 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
- K•••••• M•••• B••• to C••• L••Jan 2, 2025 · RIA to affiliated broker-dealer or bank
- T• J•••• T••••• to C••• L••Jan 2, 2025 · RIA to affiliated broker-dealer or bank
- O••••• Z••• K•••••••• to C••• L••Jan 2, 2025 · RIA to affiliated broker-dealer or bank
- B•••• J•••• S•••• to C••• L••Jan 2, 2025 · RIA to affiliated broker-dealer or bank
- A•••• K•••• to E••••• J••••Aug 7, 2024 · RIA to affiliated broker-dealer or bank
- J•••• L•• H••••• to E•••••••• P•••• W••••• P•••••••• L••Jul 31, 2024 · RIA to RIA
- M••• C•••••••• L••••• to L•• F•••••••• L••Mar 15, 2024 · RIA to affiliated broker-dealer or bank
Joined, latest
- M••• C•••••••• L••••• from R•••••• J•••• F•••••••• S••••••• A•••••••• I••Nov 1, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
- K•••••• M•••• B••• from R•••••• J•••• F•••••••• S••••••• A•••••••• I••Nov 1, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
- A•••• K•••• from R•••••• J•••• F•••••••• S••••••• A•••••••• I••Nov 1, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
- T• J•••• T••••• from R•••••• J•••• F•••••••• S••••••• A•••••••• I••Nov 1, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
- J•••• L•• H••••• from R•••••• J•••• F•••••••• S••••••• A•••••••• I••Nov 1, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
- O••••• Z••• K•••••••• from R•••••• J•••• F•••••••• S••••••• A•••••••• I••Nov 1, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
- B•••• J•••• S•••• from R•••••• J•••• F•••••••• S••••••• A•••••••• I••Nov 1, 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
- A•••••••• B•••••••• T•••• · Managing Member & Presidentcontrolsince 10/2021 · owns 10% to 25%
- C•••••• T•••• R•• · Chief Compliance Officercontrolsince 10/2021 · owns less than 5%
- K••••••••• O•••••• Z••• · Managing Membercontrolsince 10/2021 · owns 10% to 25%
- S••••• B••••• J•••• · Managing Membercontrolsince 10/2021 · owns 25% to 50%
- T•••••• T•• J•••• · Managing Membercontrolsince 10/2021 · owns 25% to 50%
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 |
|---|---|---|---|---|---|
| Fairmont, Mn · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Advisory employees · 6 to 4Jun 17, 2024 to Sep 4, 2024
- Employees · 15 to 12Jun 17, 2024 to Sep 4, 2024
- State-registered IARs · 6 to 4Jun 17, 2024 to Sep 4, 2024
- Other offices · 1 to 0Jun 17, 2024 to Sep 4, 2024
- Accounts · 3,131 to 3,326Mar 23, 2023 to Mar 15, 2024
- Advisory employees · 7 to 6Mar 23, 2023 to Mar 15, 2024
- Charity clients · unset to 2.0Mar 23, 2023 to Mar 15, 2024
- Corporate clients · unset to 1.0Mar 23, 2023 to Mar 15, 2024
- HNW clients · 142 to 140Mar 23, 2023 to Mar 15, 2024
- Individual clients · 970 to 1,001Mar 23, 2023 to Mar 15, 2024
- Assets in custody · $196M to $408MMar 23, 2023 to Mar 15, 2024
- Employees · 16 to 15Mar 23, 2023 to Mar 15, 2024
- Financial planning clients · 1-10 to 0Mar 23, 2023 to Mar 15, 2024
- State-registered IARs · 7 to 6Mar 23, 2023 to Mar 15, 2024
- Discretionary RAUM · $628M to $779MMar 23, 2023 to Mar 15, 2024
- HNW RAUM · $379M to $453MMar 23, 2023 to Mar 15, 2024
- Individual RAUM · $246M to $322MMar 23, 2023 to Mar 15, 2024
- Pension RAUM · 838938.0 to unsetMar 23, 2023 to Mar 15, 2024
- RAUM · $628M to $779MMar 23, 2023 to Mar 15, 2024
- Accounts · 2,629 to 3,131Feb 4, 2022 to Mar 23, 2023
- Advisory employees · 8 to 7Feb 4, 2022 to Mar 23, 2023
- HNW clients · 137 to 142Feb 4, 2022 to Mar 23, 2023
- Individual clients · 775 to 970Feb 4, 2022 to Mar 23, 2023
- State-registered IARs · 8 to 7Feb 4, 2022 to Mar 23, 2023
- Discretionary RAUM · $586M to $628MFeb 4, 2022 to Mar 23, 2023
- HNW RAUM · $356M to $379MFeb 4, 2022 to Mar 23, 2023
- Individual RAUM · $227M to $246MFeb 4, 2022 to Mar 23, 2023
- Pension RAUM · unset to 838938.0Feb 4, 2022 to Mar 23, 2023
- RAUM · $586M to $628MFeb 4, 2022 to Mar 23, 2023
- Accounts · 0 to 2,629Nov 19, 2021 to Feb 4, 2022
- Advisory employees · 6 to 8Nov 19, 2021 to Feb 4, 2022
- BD registered reps · 1 to 3Nov 19, 2021 to Feb 4, 2022
- HNW clients · unset to 137.0Nov 19, 2021 to Feb 4, 2022
- Individual clients · unset to 775.0Nov 19, 2021 to Feb 4, 2022
- Assets in custody · unset to 196303305.0Nov 19, 2021 to Feb 4, 2022
- Custody of client assets · false to trueNov 19, 2021 to Feb 4, 2022
- Employees · 14 to 16Nov 19, 2021 to Feb 4, 2022
- Financial planning clients · 0 to 1-10Nov 19, 2021 to Feb 4, 2022
- Other offices · 0 to 1Nov 19, 2021 to Feb 4, 2022
- Discretionary RAUM · $0 to $586MNov 19, 2021 to Feb 4, 2022
Signals
10 dated events
- S•••• F•••••••• P•••••••• L•• no longer on the SEC adviser roster (last listed 2025-01-02, RAUM $779.2M)Feb 3, 2025 · Left the SEC roster · derived
- T• J•••• T••••• left S•••• F•••••••• P•••••••• L•• for C••• L•• (registered 2024-10-07)Jan 2, 2025 · Advisor changed firm · fact
- B•••• J•••• S•••• left S•••• F•••••••• P•••••••• L•• for C••• L•• (registered 2024-10-07)Jan 2, 2025 · Advisor changed firm · fact
- O••••• Z••• K•••••••• left S•••• F•••••••• P•••••••• L•• for C••• L•• (registered 2024-10-07)Jan 2, 2025 · Advisor changed firm · fact
- S•••• F•••••••• P•••••••• L••'s advisors moved to C••• L•• (Fairmont, MN): 4 of 4 registered, on the same dayJan 2, 2025 · Firm absorbed (people side) · derived
- K•••••• M•••• B••• left S•••• F•••••••• P•••••••• L•• for C••• L•• (registered 2024-10-07)Jan 2, 2025 · Advisor changed firm · fact
- A•••• K•••• left S•••• F•••••••• P•••••••• L•• for E••••• J•••• (registered 2024-08-09)Aug 7, 2024 · Advisor changed firm · fact
- J•••• L•• H••••• left S•••• F•••••••• P•••••••• L•• for E•••••••• P•••• W••••• P•••••••• L•• (registered 2024-08-26)Jul 31, 2024 · Advisor changed firm · fact
- M••• C•••••••• L••••• left S•••• F•••••••• P•••••••• L•• for L•• F•••••••• L•• (registered 2024-03-26)Mar 15, 2024 · Advisor changed firm · fact
- S•••• F•••••••• P••••••• filed its initial SEC registration (Form ADV)Sep 8, 2021 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- S•••• F•••••••• P•••••••• L•• · Private Equityshared crd · intermediary
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
- Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026