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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SEC-registered adviser

A•••• C••••••

Independent wealth managerLake Forest, IllinoisCRD 317544SEC 801-122856websiteIAPD
Legal name A•••• I••••••••• M••••••••• C••••••• L••
Latest filing Mar 30, 2026
First filing on the tape Nov 11, 2021 · 15 filings
SEC status approved since Dec 16, 2021
RAUM
$907M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
93%
$845M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$181M
derived; firm RAUM over IAPD count
Employees
9
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$907M as of Mar 30, 2026
Mar 11, 2022$780M then
HNW client RAUM$830M as of Mar 30, 2026
Mar 11, 2022$704M then
State-registered IARs (5.B.3)5 as of Mar 30, 2026
Mar 11, 20223 then
Employees (5.A)9 as of Mar 30, 2026
Mar 11, 20226 then
Private funds: no history
RAUM +7.5% over the last fiscal year+9.9% a year over threeIARs 4 to 5
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • PE backed · a Schedule A entity owner at 25 percent or more whose exact legal name is a PE fund vehicle or a classified PE sponsor on the DFX private equity graph
RAUM per advisor
$181MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
32derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$6.6MderivedHNW RAUM over HNW clients
Average account
$1.9MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
2.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.8derivedItem 5.A over advisors
Advisors per office
5.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+7.5%derivedbetween the last two annual amendments
Advisor growth, one year
+25%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.6%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisers, otherreportedItem 5.G
Custody
$180M, 46 clientsreportedItem 9.A
Ownership
a PE fund or sponsor is a 25 percent or greater owner 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$830M92%
  • Corporations and businesses$42.7M4.7%
  • Charitable organizations$19.9M2.2%
  • Individuals$14.1M1.6%
Individual clients
36reported
HNW clients
125reported
Pension plan clients
n/areported
Charitable clients
3reported
Accounts
486reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$180M for 46 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.93 fund_share=0.0 institutional_share=0.02 related_bd=true related_bank=true bd_reps=0.0 bank_owner=falsederived
Advisors registered through the firm
5 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
S••••• J•••• A••••Lake Forest, IlJan 3, 202235 y1
R•• W••••• D•••••Chartered Financial AnalystLake Forest, IlJan 3, 202230 y1
T••••• F••••• V•• V••••Chartered Financial AnalystLake Forest, IlJan 4, 202224 y1
R••••• J•••• D•••••••Chartered Financial AnalystLake Forest, IlOct 18, 202312 y0
J••••• R••• S••••••Lake Forest, IlAug 22, 202527 y2
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
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • A••••• S•••••• J•••• · President & Foundercontrol
      since 11/2021 · owns less than 5%
    • D•••••• R••• W••••• · Managing Directorcontrol
      since 11/2021 · owns less than 5%
    • V•• V••••• T•••••• F••••• · Managing Directorcontrol
      since 11/2021 · owns less than 5%
    • A••••••••• S••••• C•••• · Chief Compliance Officer
      since 03/2024 · owns less than 5%
    Entity owners
    • F•••• O••••••••• L•• · Member (Manager)
      direct · owns 75% or more
    • C••• F•••••••• C••••••••• L••• · Partner
      indirect · owns 25% to 50% of C••• F•••••••• H•••••••• L•••
    • C••• F•••••••• H•••••••• L••• · Partner
      indirect · owns 50% to 75% of F•••••••• F•• U••••••• H•••••••• L•
    • C••••••• D••••••• • R••• F••• X••• L••• · Partner
      indirect · owns 50% to 75% of C••• F•••••••• H•••••••• L•••
    • F•••••••• F•• A••••••••• L•• · Shareholder, Class A Common Stock
      indirect · owns 75% or more of F•••• F•••••••• P••••••• I•••
    • F•••••••• F•• I••••••••• H•••••••• L•• · Member
      indirect · owns 75% or more of F•••••••• F•• A••••••••• L••
    • F•••••••• F•• P•••••• I••• · Member
      indirect · owns 75% or more of F•••••••• F•• I••••••••• H•••••••• L••
    • F•••••••• F•• U••••••• H•••••••• L• · Shareholder
      indirect · owns 75% or more of F•••••••• F•• P•••••• I•••
    • F•••••••• F•• U••••••• H•••••••• L• · Shareholder, Class B Common Stock
      indirect · owns 75% or more of F•••• F•••••••• P••••••• I•••
    • F•••• F•••••••• P••••••• I••• · Member
      indirect · owns 75% or more of F•••• F•••••••• P•••••••• L••
    • F•••• F•••••••• P•••••••• L•• · Member
      indirect · owns 75% or more of F•••• O••••••••• L••
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Lake Forest, Il · principal500
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    ADV anomalies
    2 against comparable advisers; where to look, not conclusions
    • business activity changedChange between filings · filing Mar 30, 2026
      wrap fee program participation (Item 5.I): yes on the filing of 2025-11-26, no on the filing of 2026-03-30
      peers: independent wealth managers, $500M to $1B (1,482)
    • business activity changedChange between filings · filing Mar 30, 2026
      selection of other advisers (Item 5.G.7): no on the filing of 2025-11-26, yes on the filing of 2026-03-30
      peers: independent wealth managers, $500M to $1B (1,482)
    What changed
    consecutive filings, newest first
    • Accounts · 455 to 486
      Nov 26, 2025 to Mar 30, 2026
    • Advisory employees · 4 to 5
      Nov 26, 2025 to Mar 30, 2026
    • Advisory activities · 2 to 4
      Nov 26, 2025 to Mar 30, 2026
    • Charity clients · 2 to 3
      Nov 26, 2025 to Mar 30, 2026
    • Corporate clients · 5 to 6
      Nov 26, 2025 to Mar 30, 2026
    • HNW clients · 119 to 125
      Nov 26, 2025 to Mar 30, 2026
    • Individual clients · 41 to 36
      Nov 26, 2025 to Mar 30, 2026
    • Assets in custody · $132M to $180M
      Nov 26, 2025 to Mar 30, 2026
    • Employees · 8 to 9
      Nov 26, 2025 to Mar 30, 2026
    • State-registered IARs · 4 to 5
      Nov 26, 2025 to Mar 30, 2026
    • Discretionary RAUM · $844M to $907M
      Nov 26, 2025 to Mar 30, 2026
    • HNW RAUM · $778M to $830M
      Nov 26, 2025 to Mar 30, 2026
    • Individual RAUM · $17.2M to $14.1M
      Nov 26, 2025 to Mar 30, 2026
    • RAUM · $844M to $907M
      Nov 26, 2025 to Mar 30, 2026
    • Wrap assets (manager) · 4197178426.0 to unset
      Nov 26, 2025 to Mar 30, 2026
    • Wrap assets (sponsor) · 0.0 to unset
      Nov 26, 2025 to Mar 30, 2026
    • Accounts · 402 to 455
      Jan 3, 2025 to Mar 25, 2025
    • HNW clients · 110 to 119
      Jan 3, 2025 to Mar 25, 2025
    • Individual clients · 38 to 41
      Jan 3, 2025 to Mar 25, 2025
    • Assets in custody · $105M to $132M
      Jan 3, 2025 to Mar 25, 2025
    • Financial planning clients · unset to
      Jan 3, 2025 to Mar 25, 2025
    • Discretionary RAUM · $727M to $844M
      Jan 3, 2025 to Mar 25, 2025
    • HNW RAUM · $705M to $778M
      Jan 3, 2025 to Mar 25, 2025
    • Individual RAUM · $15.2M to $17.2M
      Jan 3, 2025 to Mar 25, 2025
    • Non-discretionary RAUM · $38.4M to $0
      Jan 3, 2025 to Mar 25, 2025
    • RAUM · $765M to $844M
      Jan 3, 2025 to Mar 25, 2025
    • Related insurance company · false to true
      Jan 3, 2025 to Mar 25, 2025
    • Wrap assets (manager) · $3.5B to $4.2B
      Jan 3, 2025 to Mar 25, 2025
    • Accounts · 385 to 402
      Sep 25, 2023 to Mar 27, 2024
    • Advisory employees · 3 to 4
      Sep 25, 2023 to Mar 27, 2024
    • HNW clients · 107 to 110
      Sep 25, 2023 to Mar 27, 2024
    • Assets in custody · $90.4M to $105M
      Sep 25, 2023 to Mar 27, 2024
    • Employees · 6 to 8
      Sep 25, 2023 to Mar 27, 2024
    • State-registered IARs · 3 to 4
      Sep 25, 2023 to Mar 27, 2024
    • Discretionary RAUM · $612M to $727M
      Sep 25, 2023 to Mar 27, 2024
    • HNW RAUM · $622M to $705M
      Sep 25, 2023 to Mar 27, 2024
    • Individual RAUM · $14.4M to $15.2M
      Sep 25, 2023 to Mar 27, 2024
    • Non-discretionary RAUM · $71.5M to $38.4M
      Sep 25, 2023 to Mar 27, 2024
    • RAUM · $684M to $765M
      Sep 25, 2023 to Mar 27, 2024
    • Wrap assets (manager) · $2.7B to $3.5B
      Sep 25, 2023 to Mar 27, 2024
    Signals
    2 dated events
    • A•••• C••••••• L••'s advisors moved to A•••• C•••••• (Lake Forest, IL): 3 of 3 registered, on the same day
      Jan 3, 2022 · Firm absorbed (people side) · derived
    • A•••• C•••••• filed its initial SEC registration (Form ADV)
      Nov 11, 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
    415-900-3871reportedpublished by the firm, firm site, Sep 17, 2026
    Business phone
    512-498-7080reportedpublished by the firm, firm site, Sep 17, 2026
    Business phone
    561-200-2070reportedpublished by the firm, firm site, Sep 17, 2026
    Website
    focusfinancialpartners.comreportedpublic record, Form ADV, Sep 19, 2026
    Principal office phone
    847-482-0938reportedpublic record, Form ADV, Mar 30, 2026
    Contact form
    corporate.focuspartners.com/contact-usreportedpublished by the firm, firm site, Sep 17, 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
    $181Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026