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.
Former SEC-registered adviser
Alpha Principle, LLC
Latest filing Mar 31, 2025
First filing on the tape Oct 1, 2021 · 20 filings
SEC status approved since Jun 8, 2023
RAUM
$253M
reported, Item 5.F
Discretionary
42%
of RAUM
Private clients
99%
$252M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$253M as of Mar 31, 2025
Mar 31, 2022$61.8M then
HNW client RAUM$246M as of Mar 31, 2025
Mar 31, 2022$42.3M then
State-registered IARs (5.B.3)3 as of Mar 31, 2025
Mar 31, 20222 then
Employees (5.A)6 as of Mar 31, 2025
Mar 31, 20223 then
Private funds1 as of Mar 4, 2024
Mar 31, 20222 then
RAUM -6.1% over the last fiscal year+60% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 31, 2025; every figure names its basis
- RAUM per advisor
- $84.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 15derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $10.7MderivedHNW RAUM over HNW clients
- Average account
- $1.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 42%derivedof RAUM
- Institutional
- 0.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -6.1%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +12%derived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisers, publications, educational seminarsreportedItem 5.G
- 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$246M97%
- Individuals$6.2M2.4%
- Pension and profit-sharing plans$1.6M0.6%
- Individual clients
- 23reported
- HNW clients
- 23reported
- Pension plan clients
- 3reported
- Charitable clients
- n/areported
- Accounts
- 213reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, performancereported
- 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
2 left, 0 joined in 12 months
net -2 in 12 months0 left in 90 days0 joined in 90 days2 left over 36 months
Left, latest
- Eric Thomas Koeplin to Eversource Wealth Advisors, LLCSep 25, 2025 · RIA to RIA
- Madelyn G Hogeland to Eversource Wealth Advisors, LLCSep 25, 2025 · RIA to RIA
Joined, latest
- Eric Thomas Koeplin from Adviceperiod, LLCDec 5, 2021 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for Eversource Wealth Advisors, LLCSep 25, 2025 · Englewood, Co
Private funds
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Lemonade Fund By Alpha Principle, LPno longer reported | Hedge Fund | $7.0M | 7 | Oct 1, 2021 |
| Flagship Fund By Alpha Principle, LP | Hedge Fund | $3.2M | 5 | Oct 1, 2021 |
Owners and control persons
Schedule A and B, latest filing
- Ernest Brian Folkerts · Executive Vice Presidentcontrolsince 08/2022 · owns less than 5%
- Franklin John Harlan · Chief Operations Officercontrolsince 11/2021 · owns less than 5%
- Thomas Eric Koeplin · Chief Executive Officer & Chief Investment Officercontrolsince 10/2022 · owns 75% or more
- Bennett Jared Calvert · Chief Compliance Officersince 05/2023 · owns less than 5%
- Ashley Matthew Swendiman · General Counselsince 11/2021 · 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 |
|---|---|---|---|---|---|
| Englewood, Co · principal | 0 | 0 | 2 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 161 to 213Oct 30, 2024 to Mar 31, 2025
- Advisory activities · 6 to 5Oct 30, 2024 to Mar 31, 2025
- HNW clients · 26 to 23Oct 30, 2024 to Mar 31, 2025
- Individual clients · 15 to 23Oct 30, 2024 to Mar 31, 2025
- Pension plan clients · 2 to 3Oct 30, 2024 to Mar 31, 2025
- Pooled vehicle clients · 1 to 0Oct 30, 2024 to Mar 31, 2025
- Financial planning clients · 26-50 to 26-50Oct 30, 2024 to Mar 31, 2025
- Discretionary RAUM · $113M to $108MOct 30, 2024 to Mar 31, 2025
- HNW RAUM · $260M to $246MOct 30, 2024 to Mar 31, 2025
- Individual RAUM · $5.1M to $6.2MOct 30, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $157M to $146MOct 30, 2024 to Mar 31, 2025
- Pension RAUM · $1.2M to $1.6MOct 30, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $3.2M to $0Oct 30, 2024 to Mar 31, 2025
- RAUM · $270M to $253MOct 30, 2024 to Mar 31, 2025
- Assets in custody · 7130939.0 to unsetApr 8, 2024 to Oct 30, 2024
- Custody of client assets · true to falseApr 8, 2024 to Oct 30, 2024
- Private funds · 1 to unsetApr 8, 2024 to Oct 30, 2024
- Accounts · 136 to 161Aug 22, 2023 to Mar 4, 2024
- Advisory activities · 5 to 6Aug 22, 2023 to Mar 4, 2024
- HNW clients · 20 to 26Aug 22, 2023 to Mar 4, 2024
- Individual clients · 12 to 15Aug 22, 2023 to Mar 4, 2024
- Pension plan clients · unset to 2.0Aug 22, 2023 to Mar 4, 2024
- Pooled vehicle clients · 2 to 1Aug 22, 2023 to Mar 4, 2024
- Financial planning clients · 11-25 to 26-50Aug 22, 2023 to Mar 4, 2024
- State-registered IARs · 4 to 3Aug 22, 2023 to Mar 4, 2024
- Private funds · 2 to 1Aug 22, 2023 to Mar 4, 2024
- Discretionary RAUM · $74.0M to $113MAug 22, 2023 to Mar 4, 2024
- HNW RAUM · $238M to $260MAug 22, 2023 to Mar 4, 2024
- Individual RAUM · $3.3M to $5.1MAug 22, 2023 to Mar 4, 2024
- Non-discretionary RAUM · $174M to $157MAug 22, 2023 to Mar 4, 2024
- Pension RAUM · unset to 1207280.0Aug 22, 2023 to Mar 4, 2024
- Pooled vehicle RAUM · $7.1M to $3.2MAug 22, 2023 to Mar 4, 2024
- RAUM · $248M to $270MAug 22, 2023 to Mar 4, 2024
- Advisory employees · 4 to 5Mar 28, 2023 to May 9, 2023
- HNW clients · 22 to 20Mar 28, 2023 to May 9, 2023
- Individual clients · 11 to 12Mar 28, 2023 to May 9, 2023
- Assets in custody · $9.7M to $7.1MMar 28, 2023 to May 9, 2023
- Employees · 5 to 6Mar 28, 2023 to May 9, 2023
- Discretionary RAUM · $69.8M to $74.0MMar 28, 2023 to May 9, 2023
- HNW RAUM · $57.4M to $238MMar 28, 2023 to May 9, 2023
Signals
14 dated events
- Alpha Principle, Llc no longer on the SEC adviser roster (last listed 2025-09-02, RAUM $253.3M)Dec 20, 2025 · Left the SEC roster · derived
- Madelyn G Hogeland left Alpha Principle, Llc for Eversource Wealth Advisors, Llc (registered 2025-05-05)Sep 25, 2025 · Advisor changed firm · fact
- Eric Thomas Koeplin left Alpha Principle, Llc for Eversource Wealth Advisors, Llc (registered 2025-05-05)Sep 25, 2025 · Advisor changed firm · fact
- 2 advisors left Alpha Principle, LLC (Englewood, CO) for Eversource Wealth Advisors, LLC on the same daySep 25, 2025 · Team lift-out · derived
- Brenner John Ramstead (President) no longer on Schedule A of Alpha Principle, Llc (listed 2023-05-09, absent 2023-08-22)Aug 22, 2023 · Control person left · inference
- Brenner John Ramstead (President) appeared on Schedule A of Alpha Principle, LlcMay 9, 2023 · Control person joined · fact
- Alpha Principle, Llc reported RAUM $248.3M, up 256% from $69.8M (2023-03-28 to 2023-05-09)May 9, 2023 · RAUM change · derived
- Ernest Brian Folkerts (Executive Vice President) appeared on Schedule A of Alpha Principle, LlcMay 9, 2023 · Control person joined · fact
- Franklin John Harlan (Chief Operations Officer) appeared on Schedule A of Alpha Principle, LlcMay 9, 2023 · Control person joined · fact
- Franklin John Harlan (Chief Operating Officer And Chief Compliance Officer) no longer on Schedule A of Alpha Principle, Llc (listed 2022-08-25, absent 2022-10-17)Oct 17, 2022 · Control person left · inference
- Brenner John Ramstead (President) no longer on Schedule A of Alpha Principle, Llc (listed 2022-08-25, absent 2022-10-17)Oct 17, 2022 · Control person left · inference
- Brenner John Ramstead (President) appeared on Schedule A of Alpha Principle, LlcMay 31, 2022 · Control person joined · fact
- Franklin John Harlan (Chief Operating Officer) appeared on Schedule A of Alpha Principle, LlcDec 3, 2021 · Control person joined · fact
- Alpha Principle, Llc filed its initial SEC registration (Form ADV)Oct 1, 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.
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