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
Calculated Wealth
Legal name Calculated Wealth LLC
Latest filing Apr 9, 2026
First filing on the tape Jan 15, 2025 · 4 filings
SEC status approved since Feb 19, 2025
RAUM
$201M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$201M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$50.2M
derived; firm RAUM over IAPD count
Employees
5
4 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
4 filings and snapshots on the tape
RAUM$201M as of Apr 9, 2026
Jan 15, 2025$129M then
HNW client RAUM$8.5M as of Apr 9, 2026
Jan 15, 2025$94.5M then
State-registered IARs (5.B.3)4 as of Apr 9, 2026
Jan 15, 20254 then
Employees (5.A)5 as of Apr 9, 2026
Jan 15, 20254 then
Private funds: no history
RAUM +41% over the last fiscal yearIARs 4 to 4offices 1 to 3
Practice profile
derived from the filing of Apr 9, 2026; every figure names its basis
Archetypes, each a printed rule
- Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
- RAUM per advisor
- $50.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 49derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $213,554derivedHNW RAUM over HNW clients
- Average account
- $1.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 1.0derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +41%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +85%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$192M96%
- High-net-worth individuals$8.5M4.3%
- Individual clients
- 154reported
- HNW clients
- 40reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 194reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Nathan Roger ByersPersonal Financial Specialist | Madison, Wi | Mar 23, 2022 | 13 y | 2 |
| Craig Allen RatzCertified Financial Planner | Madison, Wi | Apr 7, 2023 | 13 y | 1 |
| Piotr WolynskiCertified Financial Planner | Saint Louis, Mo | Jan 29, 2025 | 13 y | 0 |
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
Left, latest
none on the tape
Joined, latest
- Craig Allen Ratz from The Life Group Financial ServicesApr 7, 2023 · RIA to RIA
- Nathan Roger Byers from Bmo Harris Financial Advisors, IncMar 23, 2022 · Affiliated broker-dealer or bank to independent RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Roger Nathan Byers · Owner And Ccocontrolsince 02/2022 · 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 |
|---|---|---|---|---|---|
| Madison, Wi · principal | 4 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- account count collapseChange between filings · filing Apr 9, 2026accounts (Item 5.F.2.f) moved from 315.0 to 194.0 (-38.0%) between the annual amendments of 2025-04-25 and 2026-04-09; the peer median change was +5.0% (3688 comparable advisers, 4.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,688) · 4.2% percentile
- client count surgeChange between filings · filing Apr 9, 2026individual and HNW clients (Item 5.D) moved from 105.0 to 194.0 (+85.0%) between the annual amendments of 2025-04-25 and 2026-04-09; the peer median change was +3.0% (3310 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,310) · 99% percentile
- HNW share shiftChange between filings · filing Apr 9, 2026HNW share of RAUM moved from 93.0% to 4.0% between the annual amendments of 2025-04-25 and 2026-04-09peers: independent wealth managers, $100M to $500M (5,676)
- RAUM up 25 %Change between filings · filing Apr 9, 2026RAUM (Item 5.F) moved from $142,298,803 to $200,778,956 (+41.0%) between the annual amendments of 2025-04-25 and 2026-04-09; the peer median change was +15.0% (4551 comparable advisers, 93.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,551) · 93% percentile
What changed
consecutive filings, newest first
- Accounts · 315 to 194Apr 25, 2025 to Jan 19, 2026
- HNW clients · 78 to 40Apr 25, 2025 to Jan 19, 2026
- Individual clients · 27 to 154Apr 25, 2025 to Jan 19, 2026
- Employees · 4 to 5Apr 25, 2025 to Jan 19, 2026
- Financial planning clients · 26-50 to 51-100Apr 25, 2025 to Jan 19, 2026
- Other offices · 1 to 3Apr 25, 2025 to Jan 19, 2026
- Discretionary RAUM · $142M to $201MApr 25, 2025 to Jan 19, 2026
- HNW RAUM · $132M to $8.5MApr 25, 2025 to Jan 19, 2026
- Individual RAUM · $10.3M to $192MApr 25, 2025 to Jan 19, 2026
- RAUM · $142M to $201MApr 25, 2025 to Jan 19, 2026
- Accounts · 483 to 315Jan 15, 2025 to Apr 25, 2025
- HNW clients · 79 to 78Jan 15, 2025 to Apr 25, 2025
- Individual clients · 82 to 27Jan 15, 2025 to Apr 25, 2025
- Financial planning clients · 26-50 to 26-50Jan 15, 2025 to Apr 25, 2025
- Discretionary RAUM · $129M to $142MJan 15, 2025 to Apr 25, 2025
- HNW RAUM · $94.5M to $132MJan 15, 2025 to Apr 25, 2025
- Individual RAUM · $34.5M to $10.3MJan 15, 2025 to Apr 25, 2025
- RAUM · $129M to $142MJan 15, 2025 to Apr 25, 2025
Signals
No event on the tape.
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 email
- info@calcwealth.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 608-400-4072reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 651-615-2370reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- calcwealth.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 608-400-4072reportedpublic record, Form ADV, Apr 9, 2026
- Contact form
- calcwealth.com/contact-usreportedpublished by the firm, firm site, Sep 16, 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
- $50.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026