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

25 Financial

Independent wealth managerSaint Louis, MissouriCRD 317916SEC 801-123213website IAPD

Legal name 25, LLC

Latest filing May 19, 2026

First filing on the tape Jan 12, 2022 · 19 filings

SEC status approved since Feb 11, 2022

RAUM

$545M

reported, Item 5.F

Discretionary

90%

of RAUM

Private clients

100%

$545M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$60.6M

derived; firm RAUM over IAPD count

Employees

8 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

19 filings and snapshots on the tape

RAUM$545M as of May 19, 2026

Mar 13, 2023$305M then

HNW client RAUM$479M as of May 19, 2026

Mar 13, 2023$205M then

State-registered IARs (5.B.3)8 as of May 19, 2026

Mar 13, 20238 then

Employees (5.A)19 as of May 19, 2026

Mar 13, 202313 then

Private funds: no history

RAUM +31% over the last fiscal year+21% a year over threeIARs 8 to 8

Practice profile

derived from the filing of May 19, 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
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

RAUM per advisor: $60.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 56derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $1.9MderivedHNW RAUM over HNW clients
Average account: $177,236derivedRAUM over accounts (5.F.2.f)
Discretionary: 90%derivedof RAUM
Institutional: 0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 2.1derivedItem 5.A over advisors
Advisors per office: 3.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year: +31%derivedbetween the last two annual amendments
Advisor growth, one year: +0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year: +5.2%derived
Compensation: percentage of assets, fixed fees, performance-based, otherreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, pension consultingreportedItem 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

is an insurance broker or agent (6.A.6)
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)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$479M88%
Individuals$66.0M12%
Charitable organizations$500,0000.1%

Individual clients: 255reported
HNW clients: 250reported
Pension plan clients: n/areported
Charitable clients: n/areported
Accounts: 3,075reported
Financial planning clients: 0reported
Wrap fee programs: noreported
Custody of client assets: noreported
Compensation: % of AUM, fixed, performancereported
Class basis: private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=4.0derived

Advisors registered through the firm

9 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Randall Scott Larson	Saint Louis, Mo	Feb 15, 2022	15 y	2
Nathan James Brooks	Iowa City, Ia	Mar 30, 2022	16 y	2
Bradley Steven MeyersCertified Financial Planner	Nolensville, Tn	Mar 30, 2022	11 y	2
Jeffrey Scott Larson	Saint Louis, Mo	Mar 31, 2022	21 y	4
Stephan Kern Josiah Mckee	Saint Louis, Mo	Jun 23, 2022	15 y	1
Timothy P Moore	Saint Louis, Mo	Jun 28, 2022	11 y	2
Jonathan Paul Lester	Saint Louis, Mo	Jul 21, 2022	10 y	2
Brian Adam Sanguinet	Saint Louis, Mo	Aug 12, 2022	14 y	2
Sarah Jean Wilson	Saint Louis, Mo	Sep 15, 2025	12 y	1

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 headcount1 left over 36 months

Left, latest

Joshua Paul Statler to Focus Partners Wealth, LLC
Apr 11, 2025 · RIA to RIA

Joined, latest

Sarah Jean Wilson from Charles Schwab & Co., Inc.
Sep 15, 2025 · Affiliated broker-dealer or bank to independent RIA
Joshua Paul Statler from Arete Wealth Advisors, LLC
Jul 15, 2024 · Affiliated broker-dealer or bank to independent RIA
Brian Adam Sanguinet from Arete Wealth Advisors, LLC
Aug 12, 2022 · Affiliated broker-dealer or bank to independent RIA
Jonathan Paul Lester from Arete Wealth Advisors, LLC
Jul 21, 2022 · Affiliated broker-dealer or bank to independent RIA
Timothy P Moore from Arete Wealth Advisors, LLC
Jun 28, 2022 · Affiliated broker-dealer or bank to independent RIA
Stephan Kern Josiah Mckee from Arete Wealth Advisors, LLC
Jun 23, 2022 · Affiliated broker-dealer or bank to independent RIA
Jeffrey Scott Larson from Arete Wealth Advisors, LLC
Mar 31, 2022 · Other
Bradley Steven Meyers from Arete Wealth Advisors, LLC
Mar 30, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
Nathan James Brooks from Arete Wealth Advisors, LLC
Mar 30, 2022 · Other
Randall Scott Larson from Arete Wealth Advisors, LLC
Feb 15, 2022 · Other

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

5 joined from Arete Wealth Advisors, LLC
Oct 27, 2023 · St Louis, Mo
2 joined from Arete Wealth Advisors, LLC
Dec 31, 2022 · Chicago, Il

Teams out Teams in

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Scott Jeffrey Larson · Member/Iinvestment Advisor Representativecontrol
since 03/2022 · owns 25% to 50%
Scott Randall Larson · Managing Member/Investment Advisor Representative/Chief Compliance Officercontrol
since 01/2022 · owns 25% to 50%
James Nathan Brooks · Member/Investment Advisor Representative
since 03/2022 · owns less than 5%
Steven Bradley Meyers · Member/Investment Advisor Representative
since 03/2022 · owns less than 5%

Related persons

Schedule D 7.A

Randall Larson, LLC
real estaten
The Larson Law Firm, LLC
n

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
Saint Louis, Mo · principal	9	0	0

Offices

Schedule D 1.F, the 25 largest

, 1 employees

ADV anomalies

1 against comparable advisers; where to look, not conclusions

discretionary share shiftChange between filings · filing Feb 26, 2026
discretionary share of RAUM moved from 73.0% to 90.0% between the annual amendments of 2025-04-02 and 2026-02-26
peers: independent wealth managers, $500M to $1B (1,483)

How anomalies are measured

What changed

consecutive filings, newest first

Accounts · 2,700 to 3,075
Apr 2, 2025 to Jan 22, 2026
BD registered reps · 5 to 4
Apr 2, 2025 to Jan 22, 2026
HNW clients · 200 to 250
Apr 2, 2025 to Jan 22, 2026
Individual clients · 280 to 255
Apr 2, 2025 to Jan 22, 2026
Employees · 21 to 19
Apr 2, 2025 to Jan 22, 2026
Discretionary RAUM · $303M to $492M
Apr 2, 2025 to Jan 22, 2026
HNW RAUM · $340M to $479M
Apr 2, 2025 to Jan 22, 2026
Individual RAUM · $75.0M to $66.0M
Apr 2, 2025 to Jan 22, 2026
Non-discretionary RAUM · $112M to $53.0M
Apr 2, 2025 to Jan 22, 2026
RAUM · $415M to $545M
Apr 2, 2025 to Jan 22, 2026
Financial planning clients · 0 to 0
Jan 24, 2025 to Apr 2, 2025
Accounts · 2,600 to 2,700
Nov 19, 2024 to Jan 24, 2025
Advisory employees · 9 to 8
Nov 19, 2024 to Jan 24, 2025
HNW clients · 150 to 200
Nov 19, 2024 to Jan 24, 2025
Individual clients · 300 to 280
Nov 19, 2024 to Jan 24, 2025
Assets in custody · 86695066.0 to unset
Nov 19, 2024 to Jan 24, 2025
Custody of client assets · true to false
Nov 19, 2024 to Jan 24, 2025
Employees · 17 to 21
Nov 19, 2024 to Jan 24, 2025
State-registered IARs · 9 to 8
Nov 19, 2024 to Jan 24, 2025
Discretionary RAUM · $305M to $303M
Nov 19, 2024 to Jan 24, 2025
HNW RAUM · $298M to $340M
Nov 19, 2024 to Jan 24, 2025
Individual RAUM · $111M to $75.0M
Nov 19, 2024 to Jan 24, 2025
Non-discretionary RAUM · $104M to $112M
Nov 19, 2024 to Jan 24, 2025
RAUM · $409M to $415M
Nov 19, 2024 to Jan 24, 2025
Accounts · 2,342 to 2,600
Sep 21, 2023 to Mar 28, 2024
Advisory employees · 8 to 9
Sep 21, 2023 to Mar 28, 2024
BD registered reps · 8 to 5
Sep 21, 2023 to Mar 28, 2024
HNW clients · 119 to 150
Sep 21, 2023 to Mar 28, 2024
Individual clients · 301 to 300
Sep 21, 2023 to Mar 28, 2024
Employees · 13 to 17
Sep 21, 2023 to Mar 28, 2024
State-registered IARs · 8 to 9
Sep 21, 2023 to Mar 28, 2024
Other offices · 1 to 2
Sep 21, 2023 to Mar 28, 2024
Discretionary RAUM · $304M to $305M
Sep 21, 2023 to Mar 28, 2024
HNW RAUM · $205M to $298M
Sep 21, 2023 to Mar 28, 2024
Individual RAUM · $99.3M to $111M
Sep 21, 2023 to Mar 28, 2024
Non-discretionary RAUM · $1.1M to $104M
Sep 21, 2023 to Mar 28, 2024
RAUM · $305M to $409M
Sep 21, 2023 to Mar 28, 2024
Other offices · 0 to 1
Sep 8, 2023 to Sep 21, 2023
Accounts · 1,568 to 2,342
Sep 16, 2022 to Mar 13, 2023
Advisory employees · 4 to 8
Sep 16, 2022 to Mar 13, 2023

Signals

8 dated events

25 Financial reported RAUM $545.0M, up 31% from $415.0M (2025-04-02 to 2026-01-22)
Jan 22, 2026 · RAUM change · derived
Joshua Paul Statler left 25 Financial for Focus Partners Wealth, Llc (registered 2025-03-26)
Apr 11, 2025 · Advisor changed firm · fact
25 Financial reported RAUM $408.5M, up 34% from $304.7M (2023-09-21 to 2024-03-28)
Mar 28, 2024 · RAUM change · derived
5 advisors left Arete Wealth Advisors, LLC (ST Louis, MO) for 25 Financial within 6 days
Oct 27, 2023 · Team lift-out · derived
25 Financial reported RAUM $304.7M, up 63% from $187.0M (2022-09-16 to 2023-03-13)
Mar 13, 2023 · RAUM change · derived
3 advisors left Arete Wealth Advisors, LLC (Chicago, IL) for 25 Financial on the same day
Dec 31, 2022 · Team lift-out · derived
Scott Jeffrey Larson (Member/Iinvestment Advisor Representative) appeared on Schedule A of 25 Financial
Mar 30, 2022 · Control person joined · fact
25 Financial filed its initial SEC registration (Form ADV)
Jan 12, 2022 · 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: 314-898-4025reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile: linkedin.com/company/25financialreportedpublic record, Form ADV, Sep 17, 2026
Website: 25financial.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: 314-530-2858reportedpublic record, Form ADV, May 19, 2026
Contact form: 25financial.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
Team page: 25financial.com/teamreportedpublished 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: $60.6Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026