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.

Former SEC-registered adviser

Triton Wealth

Former SEC-registered adviserAitkin, MinnesotaCRD 323255SEC 801-126684website IAPD

Legal name Ryan & Hoppe Investment Management, LLC

Latest filing Jul 1, 2025

First filing on the tape Sep 2, 2022 · 16 filings

SEC status approved since Oct 3, 2022

RAUM

$231M

reported, Item 5.F

Discretionary

69%

of RAUM

Private clients

68%

$157M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

n/a

derived; firm RAUM over IAPD count

Employees

4 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

16 filings and snapshots on the tape

RAUM$231M as of Jul 1, 2025

Mar 31, 2023$152M then

HNW client RAUM$74.9M as of Jul 1, 2025

Mar 31, 2023$46.5M then

State-registered IARs (5.B.3)4 as of Jul 1, 2025

Mar 31, 20233 then

Employees (5.A)6 as of Jul 1, 2025

Mar 31, 20233 then

Private funds: no history

RAUM +18% over the last fiscal yearIARs 3 to 4

Practice profile

derived from the filing of Jul 1, 2025; every figure names its basis

RAUM per advisor: $57.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 103derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $2.2MderivedHNW RAUM over HNW clients
Average account: $251,602derivedRAUM over accounts (5.F.2.f)
Discretionary: 69%derivedof RAUM
Institutional: 32%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.5derivedItem 5.A over advisors
Advisors per office: 4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year: +18%derivedbetween the last two annual amendments
Advisor growth, one year: +33%derivedItem 5.B.3 between annual amendments
Client growth, one year: -22%derived
Compensation: percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
Custody: $76.1M, 279 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)

Where the RAUM sits

Form ADV Item 5.D, latest filing

Individuals$82.0M36%
High-net-worth individuals$74.9M32%
Pension and profit-sharing plans$70.9M31%
State and municipal entities$2.5M1.1%
Charitable organizations$427,1660.2%

Individual clients: 376reported
HNW clients: 34reported
Pension plan clients: 9reported
Charitable clients: 1reported
Accounts: 917reported
Financial planning clients: 0reported
Wrap fee programs: noreported
Custody of client assets: $76.1M for 279 clientsreported
Compensation: % of AUM, fixed, hourlyreported
Class basis: absent from the latest SEC rosterderived

Advisors registered through the firm

0 on IAPD today, longest tenure first

No representative is registered through this CRD on IAPD.

Advisor movement

4 left, 0 joined in 12 months

net -4 in 12 months0 left in 90 days0 joined in 90 days4 left over 36 months

Left, latest

Michael Joseph Ryan to Elevation Point Wealth Partners, LLC
Sep 30, 2025 · RIA to RIA
William Daniel Ryan to Elevation Point Wealth Partners, LLC
Sep 30, 2025 · RIA to RIA
Jennifer Joy Smith to Elevation Point Wealth Partners, LLC
Sep 30, 2025 · RIA to RIA
Wesley Thomas Hoppe to Elevation Point Wealth Partners, LLC
Sep 30, 2025 · RIA to RIA

Joined, latest

Michael Joseph Ryan from Cambridge Investment Research Advisors, Inc.
Oct 6, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
Jennifer Joy Smith from Cambridge Investment Research Advisors, Inc.
Oct 3, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
Wesley Thomas Hoppe from Cambridge Investment Research Advisors, Inc.
Oct 3, 2022 · Affiliated broker-dealer or bank to a newly registered adviser

Every departure Every arrival

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

4 left for Elevation Point Wealth Partners, LLC
Sep 30, 2025 · Aitkin, Mn · Firm absorbed

3 joined from Cambridge Investment Research Advisors, Inc.
Dec 31, 2022 · Crosslake, Mn

Teams out Teams in

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Thomas Wesley Hoppe · Managing Membercontrol
since 09/2022 · owns 50% to 75%
Joseph Michael Ryan · Managing Membercontrol
since 09/2022 · owns 50% to 75%
John Andy Armstrong · Cco
since 06/2023 · owns less than 5%

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
Aitkin, Mn · principal	0	0	4

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

What changed

consecutive filings, newest first

Accounts · 873 to 917
Sep 17, 2024 to Apr 1, 2025
Advisory employees · 3 to 4
Sep 17, 2024 to Apr 1, 2025
HNW clients · 24 to 34
Sep 17, 2024 to Apr 1, 2025
Individual clients · 503 to 376
Sep 17, 2024 to Apr 1, 2025
Pension plan clients · 11 to 9
Sep 17, 2024 to Apr 1, 2025
Assets in custody · $51.8M to $76.1M
Sep 17, 2024 to Apr 1, 2025
Employees · 4 to 6
Sep 17, 2024 to Apr 1, 2025
Insurance-licensed employees · 3 to 0
Sep 17, 2024 to Apr 1, 2025
State-registered IARs · 3 to 4
Sep 17, 2024 to Apr 1, 2025
Discretionary RAUM · $130M to $160M
Sep 17, 2024 to Apr 1, 2025
HNW RAUM · $53.4M to $74.9M
Sep 17, 2024 to Apr 1, 2025
Individual RAUM · $74.7M to $82.0M
Sep 17, 2024 to Apr 1, 2025
Non-discretionary RAUM · $64.7M to $70.9M
Sep 17, 2024 to Apr 1, 2025
Pension RAUM · $64.7M to $70.9M
Sep 17, 2024 to Apr 1, 2025
RAUM · $195M to $231M
Sep 17, 2024 to Apr 1, 2025
Accounts · 583 to 873
Jul 13, 2023 to Mar 18, 2024
HNW clients · 22 to 24
Jul 13, 2023 to Mar 18, 2024
Individual clients · 548 to 503
Jul 13, 2023 to Mar 18, 2024
Assets in custody · $64.7M to $51.8M
Jul 13, 2023 to Mar 18, 2024
Employees · 3 to 4
Jul 13, 2023 to Mar 18, 2024
Discretionary RAUM · $98.0M to $130M
Jul 13, 2023 to Mar 18, 2024
HNW RAUM · $46.5M to $53.4M
Jul 13, 2023 to Mar 18, 2024
Individual RAUM · $50.0M to $74.7M
Jul 13, 2023 to Mar 18, 2024
Non-discretionary RAUM · $53.8M to $64.7M
Jul 13, 2023 to Mar 18, 2024
Pension RAUM · $53.8M to $64.7M
Jul 13, 2023 to Mar 18, 2024
RAUM · $152M to $195M
Jul 13, 2023 to Mar 18, 2024
BD registered reps · 3 to 0
Jan 31, 2023 to Mar 31, 2023
Assets in custody · unset to 64734055.0
Jan 31, 2023 to Mar 31, 2023
Custody of client assets · false to true
Jan 31, 2023 to Mar 31, 2023
Financial planning clients · 11-25 to 0
Jan 31, 2023 to Mar 31, 2023
Accounts · 0 to 583
Jan 24, 2023 to Jan 31, 2023
Charity clients · unset to 1.0
Jan 24, 2023 to Jan 31, 2023
HNW clients · unset to 22.0
Jan 24, 2023 to Jan 31, 2023
Individual clients · unset to 548.0
Jan 24, 2023 to Jan 31, 2023
Pension plan clients · unset to 11.0
Jan 24, 2023 to Jan 31, 2023
Financial planning clients · 0 to 11-25
Jan 24, 2023 to Jan 31, 2023
Discretionary RAUM · $0 to $98.0M
Jan 24, 2023 to Jan 31, 2023
HNW RAUM · unset to 46510126.0
Jan 24, 2023 to Jan 31, 2023
Individual RAUM · unset to 50047658.0
Jan 24, 2023 to Jan 31, 2023
Non-discretionary RAUM · $0 to $53.8M
Jan 24, 2023 to Jan 31, 2023

Signals

9 dated events

Triton Wealth no longer on the SEC adviser roster (last listed 2025-09-02, RAUM $230.7M)
Dec 20, 2025 · Left the SEC roster · derived
William Daniel Ryan left Triton Wealth for Elevation Point Wealth Partners, Llc (registered 2025-04-03)
Sep 30, 2025 · Advisor changed firm · fact
Jennifer Joy Smith left Triton Wealth for Elevation Point Wealth Partners, Llc (registered 2025-04-03)
Sep 30, 2025 · Advisor changed firm · fact
Wesley Thomas Hoppe left Triton Wealth for Elevation Point Wealth Partners, Llc (registered 2025-04-03)
Sep 30, 2025 · Advisor changed firm · fact
Michael Joseph Ryan left Triton Wealth for Elevation Point Wealth Partners, Llc (registered 2025-04-03)
Sep 30, 2025 · Advisor changed firm · fact
Triton Wealth's advisors moved to Elevation Point Wealth Partners, LLC (Aitkin, MN): 4 of 4 registered, on the same day
Sep 30, 2025 · Firm absorbed (people side) · derived
Nellis Samuel Ginocchio (Chief Compliance Officer) no longer on Schedule A of Triton Wealth (listed 2022-12-13, absent 2023-01-24)
Jan 24, 2023 · Control person left · inference
3 advisors left Cambridge Investment Research Advisors, Inc. (Crosslake, MN) for Triton Wealth on the same day
Dec 31, 2022 · Team lift-out · derived
Triton Wealth filed its initial SEC registration (Form ADV)
Sep 2, 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.

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: Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor: n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026