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
Big Sky Wealth Advisors, LLC
Latest filing Jun 10, 2026
First filing on the tape Aug 22, 2022 · 22 filings
SEC status approved since May 10, 2024
RAUM
$135M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
97%
$131M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$67.3M
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$135M as of Jun 10, 2026
Mar 27, 2023$87.3M then
HNW client RAUM$65.2M as of Jun 10, 2026
Mar 27, 2023$53.3M then
State-registered IARs (5.B.3)2 as of Jun 10, 2026
Mar 27, 20231 then
Employees (5.A)2 as of Jun 10, 2026
Mar 27, 20233 then
Private funds: no history
RAUM +11% over the last fiscal year+16% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Jun 10, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $67.3MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 101derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.3MderivedHNW RAUM over HNW clients
- Average account
- $236,214derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +11%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, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, educational seminarsreportedItem 5.G
- Custody
- $37.3M, 86 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$65.7M49%
- High-net-worth individuals$65.2M48%
- Corporations and businesses$2.2M1.6%
- Charitable organizations$1.4M1.0%
- Pension and profit-sharing plans$137,7460.1%
- Individual clients
- 181reported
- HNW clients
- 20reported
- Pension plan clients
- 1reported
- Charitable clients
- 1reported
- Accounts
- 570reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $37.3M for 86 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.97 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Joshua Thomas Horton | Great Falls, Mt | Oct 3, 2022 | 13 y | 1 |
| Ryan James Swain | Great Falls, Mt | Jul 15, 2024 | 14 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
- Joshua Thomas Horton from Stifel, Nicolaus & Company, IncorporatedOct 3, 2022 · 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
- Thomas Joshua Horton · Founder & Ccocontrolsince 09/2022 · 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 |
|---|---|---|---|---|---|
| Great Falls, Mt · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 537 to 570Sep 4, 2025 to Mar 5, 2026
- HNW clients · 21 to 20Sep 4, 2025 to Mar 5, 2026
- Individual clients · 159 to 181Sep 4, 2025 to Mar 5, 2026
- Assets in custody · $37.1M to $37.3MSep 4, 2025 to Mar 5, 2026
- Financial planning clients · 51-100 to 1-10Sep 4, 2025 to Mar 5, 2026
- Discretionary RAUM · $121M to $135MSep 4, 2025 to Mar 5, 2026
- HNW RAUM · $62.2M to $65.2MSep 4, 2025 to Mar 5, 2026
- Individual RAUM · $55.8M to $65.7MSep 4, 2025 to Mar 5, 2026
- Pension RAUM · $113,751 to $137,746Sep 4, 2025 to Mar 5, 2026
- RAUM · $121M to $135MSep 4, 2025 to Mar 5, 2026
- Accounts · 443 to 537Sep 19, 2024 to Jan 24, 2025
- Advisory employees · 1 to 2Sep 19, 2024 to Jan 24, 2025
- Corporate clients · 2 to 4Sep 19, 2024 to Jan 24, 2025
- HNW clients · 19 to 21Sep 19, 2024 to Jan 24, 2025
- Individual clients · 161 to 159Sep 19, 2024 to Jan 24, 2025
- Assets in custody · $31.4M to $37.1MSep 19, 2024 to Jan 24, 2025
- Employees · 3 to 2Sep 19, 2024 to Jan 24, 2025
- Financial planning clients · 1-10 to 51-100Sep 19, 2024 to Jan 24, 2025
- State-registered IARs · 1 to 2Sep 19, 2024 to Jan 24, 2025
- Discretionary RAUM · $108M to $121MSep 19, 2024 to Jan 24, 2025
- HNW RAUM · $55.5M to $62.2MSep 19, 2024 to Jan 24, 2025
- Individual RAUM · $49.1M to $55.8MSep 19, 2024 to Jan 24, 2025
- Pension RAUM · $91,202 to $113,751Sep 19, 2024 to Jan 24, 2025
- RAUM · $108M to $121MSep 19, 2024 to Jan 24, 2025
- Accounts · 383 to 443Aug 15, 2023 to Apr 10, 2024
- Charity clients · 2 to 1Aug 15, 2023 to Apr 10, 2024
- Corporate clients · unset to 2.0Aug 15, 2023 to Apr 10, 2024
- HNW clients · 22 to 19Aug 15, 2023 to Apr 10, 2024
- Individual clients · 137 to 161Aug 15, 2023 to Apr 10, 2024
- Assets in custody · unset to 31431876.0Aug 15, 2023 to Apr 10, 2024
- Custody of client assets · false to trueAug 15, 2023 to Apr 10, 2024
- Discretionary RAUM · $87.3M to $108MAug 15, 2023 to Apr 10, 2024
- HNW RAUM · $53.3M to $55.5MAug 15, 2023 to Apr 10, 2024
- Individual RAUM · $32.7M to $49.1MAug 15, 2023 to Apr 10, 2024
- Pension RAUM · $72,055 to $91,202Aug 15, 2023 to Apr 10, 2024
- RAUM · $87.3M to $108MAug 15, 2023 to Apr 10, 2024
- Advisory activities · 4 to 3Mar 27, 2023 to Jun 9, 2023
- BD registered reps · 1 to 0Mar 27, 2023 to Jun 9, 2023
- Related broker-dealer · true to falseMar 27, 2023 to Jun 9, 2023
- Accounts · 162 to 383Feb 28, 2023 to Mar 27, 2023
Signals
3 dated events
- Joy Rachael Clark (Owner) no longer on Schedule A of Big Sky Wealth Advisors, Llc (listed 2022-09-22, absent 2022-09-29)Sep 29, 2022 · Control person left · inference
- Thomas Joshua Horton (Owner And Cco) appeared on Schedule A of Big Sky Wealth Advisors, LlcSep 29, 2022 · Control person joined · fact
- Big Sky Wealth Advisors, Llc filed its initial SEC registration (Form ADV)Aug 22, 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
- 406-315-2627reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- BigSkyWealthAdvisors.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 406-315-2627reportedpublic record, Form ADV, Jun 10, 2026
- Contact form
- bigskywealthadvisors.com/connectreportedpublished 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
- $67.3Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026