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
Goldstein Advisors, LLC
Latest filing Jul 22, 2026
First filing on the tape Aug 24, 2022 · 18 filings
SEC status approved since Sep 26, 2022
RAUM
$1.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$1.1B individuals and HNW
Advisors
12
registered through the firm on IAPD
RAUM per advisor
$89.9M
derived; firm RAUM over IAPD count
Employees
19
10 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$1.1B as of Jul 22, 2026
Jan 24, 2023$635M then
HNW client RAUM$806M as of Jul 22, 2026
Jan 24, 2023$379M then
State-registered IARs (5.B.3)10 as of Jul 22, 2026
Jan 24, 20238 then
Employees (5.A)19 as of Jul 22, 2026
Jan 24, 202317 then
Private funds: no history
RAUM +14% over the last fiscal year+19% a year over threeIARs 10 to 10
Practice profile
derived from the filing of Jul 22, 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
- RAUM per advisor
- $89.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 89derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.4MderivedHNW RAUM over HNW clients
- Average account
- $265,187derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.6derivedItem 5.A over advisors
- Advisors per office
- 12.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -5.8%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $600M, 1,989 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$806M75%
- Individuals$261M24%
- Pension and profit-sharing plans$11.5M1.1%
- Individual clients
- 735reported
- HNW clients
- 334reported
- Pension plan clients
- 1reported
- Charitable clients
- n/areported
- Accounts
- 4,070reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $600M for 1,989 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=true related_bank=false bd_reps=1.0derived
Advisors registered through the firm
12 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Adam Ryan PetersCertified Financial Planner | Madison, Wi | Oct 6, 2022 | 17 y | 2 |
| Kyle David KerkenbushCertified Financial Planner | Madison, Wi | Oct 6, 2022 | 19 y | 2 |
| Lisa A SpadoniCertified Financial Planner | Madison, Wi | Oct 6, 2022 | 17 y | 3 |
| Andrew T Peters | Madison, Wi | Oct 6, 2022 | 14 y | 1 |
| Jon David GoldsteinCertified Financial Planner, Chartered Financial Consultant | Madison, Wi | Oct 6, 2022 | 32 y | 2 |
| Joseph James Greene | Madison, Wi | Jun 28, 2023 | 35 y | 0 |
| Jonathan Gausewitz | Madison, Wi | Jan 19, 2024 | 19 y | 2 |
| Jack Francis Van Dyke | Madison, Wi | Jul 15, 2025 | 12 y | 0 |
| Adam Riely Hanewall | Madison, Wi | Sep 12, 2025 | 10 y | 0 |
| Bailey Edward Greene | Madison, Wi | Jun 30, 2026 | 10 y | 0 |
| Ethan Paul Neuens | Madison, Wi | Aug 14, 2026 | 10 y | 0 |
| Taylor Dean Knutson | Madison, Wi | Aug 26, 2026 | 10 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount2 left over 36 months
Left, latest
- Katherine Ann Stellflue to LPL Financial LLCApr 22, 2025 · RIA to affiliated broker-dealer or bank
- David Mark Sharpe to SavvyApr 1, 2025 · RIA to RIA
Joined, latest
- Taylor Dean Knutson from Ameriprise Financial Services, LLCAug 26, 2026 · Affiliated broker-dealer or bank to independent RIA
- Jonathan Gausewitz from Arbor Point AdvisorsJan 19, 2024 · Affiliated broker-dealer or bank to independent RIA
- Katherine Ann Stellflue from Arbor Point AdvisorsOct 6, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
- Jon David Goldstein from Arbor Point AdvisorsOct 6, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
- Lisa A Spadoni from Arbor Point AdvisorsOct 6, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
- David Mark Sharpe from Arbor Point AdvisorsOct 6, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
- Adam Ryan Peters from Arbor Point AdvisorsOct 6, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
- Andrew T Peters from Arbor Point AdvisorsOct 6, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
- Kyle David Kerkenbush from Arbor Point AdvisorsOct 6, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 7 joined from Arbor Point AdvisorsNov 30, 2022 · Middleton, Wi
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- David Jon Goldstein · Partner & Financial Planner Partner & Financial Plannercontrolsince 08/2022 · owns less than 5%
- T Andrew Peters · Chief Compliance Officer, Partner & Financial Plannercontrolsince 08/2022 · owns less than 5%
Entity owners
- Bluespring Wealth Partners, LLC · Ownerdirect · owns 75% or more
- Kestra Advisor Services Holdings A, Inc. · Ownerindirect · owns 75% or more of Kestra Advisor Services Holdings B, Inc.
- Kestra Advisor Services Holdings B, Inc. · Ownerindirect · owns 75% or more of Kestra Advisor Services Holdings C, Inc. D/B/A Kestra Holdings
- Kestra Advisor Services Holdings C, Inc. D/B/A Kestra Holdings · Ownerindirect · owns 75% or more of Kestra Financial, Inc.
- Kestra Financial, Inc. · Ownerindirect · owns 75% or more of Bluespring Wealth Partners, LLC
- Kingfisher Holding A, Inc. · Ownerindirect · owns 75% or more of Kingfisher Holding B, Inc.
- Kingfisher Holding B, Inc. · Ownerindirect · owns 75% or more of Kestra Advisor Services Holdings A, Inc.
- Kingfisher Holding L.P · Ownerindirect · owns 75% or more of Kingfisher Holding A, Inc.
- Kingfisher Holding, G.P., LLC · General Managerindirect · owns F of Kingfisher Holding L.P
- Oak Hill Capital Partnersvi (Te 892), L.P. · Ownerindirect · owns 25% to 50% of Ohcp Vi Enzo Aggregator, L.P.
- Oak Hill Capitla Partners Vi (Onshore), L.P. · Ownerindirect · owns 25% to 50% of Ohcp Vi Enzo Aggregator, L.P.
- Ohcp Vi Enzo Aggregator, L.P. · Ownerindirect · owns 25% to 50% of Kingfisher Holding L.P
- Warburg Pincus Financial Sector, L.P. · Limited Partnerindirect · owns 25% to 50% of Kingfisher Holding L.P
Related persons
Schedule D 7.A
- American Financial Solutions, Inc.real estaten
- Arden Trust Companyn
- Beacon Financial Groupinvestment advisernRAUM $1.3B
- Bedell Frazier Investment Counselling, LLC.investment advisernRAUM $872M
- Bernard R. Wolfe & Associates, Inc.real estaten
- Capital Planning Advisors LLCinvestment advisernRAUM $1.5B
- Compass Capital Management, Inc.real estaten
- Grove Point Advisors, LLCinvestment advisernRAUM $2.5B
- H. Beck, Inc.broker-dealerreal estatenRAUM $2.0B
- Hedeker Wealth LLCinvestment advisernRAUM $595M
- Hickory Asset Management, Inc.investment advisernRAUM $249M
- Hughes Financial Services, LLCinvestment advisernRAUM $760M
- Kestra Advisory Services, LLCinvestment advisernRAUM $80B
- Kestra Institutional Services, LLCinvestment advisern
- Kestra Insurance Services, LLCreal estaten
- Kestra Investment Management, LLC.investment advisernRAUM $4.3B
- Nfp Advisor Services, LLCbroker-dealerreal estatenRAUM $12B
- Kestra Private Wealth Services, LLCinvestment advisernRAUM $13B
- Oklahoma Financial Center, Inc.real estaten
- Provise Management Group, LLCinvestment advisernRAUM $2.0B
- Ritter Daniher Financial Advisory LLCinvestment advisernRAUM $936M
- Rodgers & Associatesinvestment advisernRAUM $1.6B
- Bluespring Wealth Management, LLCinvestment advisernRAUM $5.4B
- Joule Financialinvestment advisernRAUM $277M
- Vector Insurance Services, Inc.real estaten
Advisers that list Goldstein Advisors, LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Madison, Wi · principal | 12 | 3 | 0 | ||
| Middleton, Wi | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- large related person networkStatic outlier · filing Jul 22, 2026related persons on Schedule D 7.A of 25.0 against a peer median of 4.5 (206 comparable advisers, 100.0th percentile, 9.2 robust deviations)peers: independent wealth managers, $1B to $5B (206) · 100% percentile
- control person changedChange between filings · filing Jul 22, 2026Peters, Andrew, T (CHIEF COMPLIANCE OFFICER, PARTNER & FINANCIAL PLANNER) left Schedule A between the filings of 2023-03-09 and 2026-07-22peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
- Accounts · 3,623 to 4,070Oct 23, 2025 to Feb 12, 2026
- Advisory employees · 9 to 10Oct 23, 2025 to Feb 12, 2026
- HNW clients · 276 to 334Oct 23, 2025 to Feb 12, 2026
- Individual clients · 859 to 735Oct 23, 2025 to Feb 12, 2026
- Assets in custody · $477M to $600MOct 23, 2025 to Feb 12, 2026
- Discretionary RAUM · $943M to $1.1BOct 23, 2025 to Feb 12, 2026
- HNW RAUM · $655M to $806MOct 23, 2025 to Feb 12, 2026
- Individual RAUM · $276M to $261MOct 23, 2025 to Feb 12, 2026
- Pension RAUM · $12.2M to $11.5MOct 23, 2025 to Feb 12, 2026
- RAUM · $943M to $1.1BOct 23, 2025 to Feb 12, 2026
- Financial planning clients · 251-500 to 251-500Feb 24, 2025 to Apr 22, 2025
- Other offices · 1 to 0Feb 24, 2025 to Apr 22, 2025
- Accounts · 3,457 to 3,623Oct 21, 2024 to Feb 24, 2025
- Advisory employees · 8 to 9Oct 21, 2024 to Feb 24, 2025
- HNW clients · 208 to 276Oct 21, 2024 to Feb 24, 2025
- Individual clients · 825 to 859Oct 21, 2024 to Feb 24, 2025
- Assets in custody · $381M to $477MOct 21, 2024 to Feb 24, 2025
- Discretionary RAUM · $782M to $943MOct 21, 2024 to Feb 24, 2025
- HNW RAUM · $495M to $655MOct 21, 2024 to Feb 24, 2025
- Individual RAUM · $275M to $276MOct 21, 2024 to Feb 24, 2025
- Pension RAUM · $12.2M to $12.2MOct 21, 2024 to Feb 24, 2025
- RAUM · $782M to $943MOct 21, 2024 to Feb 24, 2025
- Accounts · 3,401 to 3,457Oct 25, 2023 to Feb 1, 2024
- BD registered reps · 8 to 1Oct 25, 2023 to Feb 1, 2024
- HNW clients · 170 to 208Oct 25, 2023 to Feb 1, 2024
- Individual clients · 799 to 825Oct 25, 2023 to Feb 1, 2024
- Pension plan clients · unset to 1.0Oct 25, 2023 to Feb 1, 2024
- Assets in custody · $620M to $381MOct 25, 2023 to Feb 1, 2024
- Employees · 17 to 19Oct 25, 2023 to Feb 1, 2024
- State-registered IARs · 8 to 10Oct 25, 2023 to Feb 1, 2024
- Discretionary RAUM · $635M to $782MOct 25, 2023 to Feb 1, 2024
- HNW RAUM · $379M to $495MOct 25, 2023 to Feb 1, 2024
- Individual RAUM · $256M to $275MOct 25, 2023 to Feb 1, 2024
- Pension RAUM · unset to 12156088.0Oct 25, 2023 to Feb 1, 2024
- RAUM · $635M to $782MOct 25, 2023 to Feb 1, 2024
- Accounts · 0 to 3,401Dec 15, 2022 to Jan 20, 2023
- HNW clients · unset to 170.0Dec 15, 2022 to Jan 20, 2023
- Individual clients · unset to 799.0Dec 15, 2022 to Jan 20, 2023
- Assets in custody · unset to 620135699.0Dec 15, 2022 to Jan 20, 2023
- Custody of client assets · false to trueDec 15, 2022 to Jan 20, 2023
Signals
4 dated events
- Katherine Ann Stellflue left Goldstein Advisors, Llc for Lpl Financial Llc (registered 2025-04-21)Apr 22, 2025 · Advisor changed firm · fact
- David Mark Sharpe left Goldstein Advisors, Llc for Savvy (registered 2025-04-17)Apr 1, 2025 · Advisor changed firm · fact
- 7 advisors left Arbor Point Advisors (Middleton, WI) for Goldstein Advisors, LLC a day apartNov 30, 2022 · Team lift-out · derived
- Goldstein Advisors, Llc filed its initial SEC registration (Form ADV)Aug 24, 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
- 608-831-3230reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 608-831-3235reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/goldstein-advisors-financialservicesreportedpublic record, Form ADV, Sep 17, 2026
- Website
- goldsteinadvisors.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 608-831-3230reportedpublic record, Form ADV, Jul 22, 2026
- Contact form
- goldsteinadvisors.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- goldsteinadvisors.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
- $89.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026