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
All Star Financial
Legal name All Star Financial LLC
Latest filing Feb 6, 2026
First filing on the tape Oct 6, 2022 · 12 filings
SEC status approved since Nov 4, 2022
RAUM
$882M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
78%
$683M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$176M
derived; firm RAUM over IAPD count
Employees
14
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$882M as of Feb 6, 2026
Feb 16, 2023$680M then
HNW client RAUM$484M as of Feb 6, 2026
Feb 16, 2023$419M then
State-registered IARs (5.B.3)5 as of Feb 6, 2026
Feb 16, 20236 then
Employees (5.A)14 as of Feb 6, 2026
Feb 16, 202315 then
Private funds: no history
RAUM +16% over the last fiscal year+9.1% a year over threeIARs 4 to 5
Practice profile
derived from the filing of Feb 6, 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
- $176MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 108derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.6MderivedHNW RAUM over HNW clients
- Average account
- $479,442derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 22%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.8derivedItem 5.A over advisors
- Advisors per office
- 5.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +16%derivedbetween the last two annual amendments
- Advisor growth, one year
- +25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -4.1%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, 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
- 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$484M55%
- Individuals$199M23%
- Pension and profit-sharing plans$181M20%
- Charitable organizations$10.6M1.2%
- Corporations and businesses$7.0M0.8%
- Individual clients
- 353reported
- HNW clients
- 188reported
- Pension plan clients
- 11reported
- Charitable clients
- 3reported
- Accounts
- 1,839reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.78 fund_share=0.0 institutional_share=0.22 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Connie Marie Biselx | Minneapolis, Mn | Feb 10, 2026 | 14 y | 2 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
- Elliot Washburn Syverson to Guardian Wealth Advisors, LLCFeb 15, 2024 · RIA to RIA
- Samuel David Sexton to Guardian Wealth Advisors, LLCSep 12, 2023 · RIA to RIA
Joined, latest
- Connie Marie Biselx from Merrill Lynch, Pierce, Fenner & Smith IncorporatedFeb 10, 2026 · Wirehouse to independent RIA
- Grant Robert Germscheid from Bluestem Wealth Partners, LLCApr 25, 2024 · RIA to RIA
Teams: two or more advisors moving together within fourteen days, from one state
- 5 joined from All Star Financial IncNov 10, 2022 · Minneapolis, Mn · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- John Robert Klefsaas · President/Chief Compliance Officer/Managing Membercontrolsince 07/2022 · owns 75% or more
- Alan Matthew Berhow · Membersince 07/2022 · owns 10% to 25%
- James Eric Gardner · Membersince 01/2024 · owns 5% to 10%
Related persons
Schedule D 7.A
- Bankvistay
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Minneapolis, Mn · principal | 5 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,759 to 1,839Mar 24, 2025 to Feb 6, 2026
- Advisory employees · 4 to 5Mar 24, 2025 to Feb 6, 2026
- Corporate clients · 2 to 3Mar 24, 2025 to Feb 6, 2026
- HNW clients · 222 to 188Mar 24, 2025 to Feb 6, 2026
- Individual clients · 342 to 353Mar 24, 2025 to Feb 6, 2026
- Pension plan clients · 8 to 11Mar 24, 2025 to Feb 6, 2026
- Employees · 13 to 14Mar 24, 2025 to Feb 6, 2026
- State-registered IARs · 4 to 5Mar 24, 2025 to Feb 6, 2026
- Discretionary RAUM · $758M to $882MMar 24, 2025 to Feb 6, 2026
- HNW RAUM · $453M to $484MMar 24, 2025 to Feb 6, 2026
- Individual RAUM · $155M to $199MMar 24, 2025 to Feb 6, 2026
- Pension RAUM · $135M to $181MMar 24, 2025 to Feb 6, 2026
- RAUM · $758M to $882MMar 24, 2025 to Feb 6, 2026
- Advisory employees · 5 to 4Feb 28, 2025 to Mar 24, 2025
- Employees · 14 to 13Feb 28, 2025 to Mar 24, 2025
- Financial planning clients · 251-500 to 251-500Feb 28, 2025 to Mar 24, 2025
- State-registered IARs · 5 to 4Feb 28, 2025 to Mar 24, 2025
- Accounts · 1,819 to 1,759Aug 22, 2024 to Feb 28, 2025
- HNW clients · 233 to 222Aug 22, 2024 to Feb 28, 2025
- Individual clients · 359 to 342Aug 22, 2024 to Feb 28, 2025
- Pension plan clients · 11 to 8Aug 22, 2024 to Feb 28, 2025
- Discretionary RAUM · $724M to $758MAug 22, 2024 to Feb 28, 2025
- HNW RAUM · $448M to $453MAug 22, 2024 to Feb 28, 2025
- Individual RAUM · $150M to $155MAug 22, 2024 to Feb 28, 2025
- Pension RAUM · $119M to $135MAug 22, 2024 to Feb 28, 2025
- RAUM · $724M to $758MAug 22, 2024 to Feb 28, 2025
- Advisory employees · 6 to 5Jun 21, 2024 to Aug 22, 2024
- Employees · 15 to 14Jun 21, 2024 to Aug 22, 2024
- State-registered IARs · 6 to 5Jun 21, 2024 to Aug 22, 2024
- Advisory employees · 5 to 6Apr 25, 2024 to Jun 21, 2024
- Employees · 14 to 15Apr 25, 2024 to Jun 21, 2024
- State-registered IARs · 5 to 6Apr 25, 2024 to Jun 21, 2024
- Advisory employees · 4 to 5Mar 18, 2024 to Apr 25, 2024
- Employees · 13 to 14Mar 18, 2024 to Apr 25, 2024
- State-registered IARs · 4 to 5Mar 18, 2024 to Apr 25, 2024
- Accounts · 1,886 to 1,819Sep 12, 2023 to Mar 18, 2024
- Corporate clients · 3 to 2Sep 12, 2023 to Mar 18, 2024
- HNW clients · 246 to 233Sep 12, 2023 to Mar 18, 2024
- Individual clients · 393 to 359Sep 12, 2023 to Mar 18, 2024
- Pension plan clients · 10 to 11Sep 12, 2023 to Mar 18, 2024
Signals
4 dated events
- Elliot Washburn Syverson left All Star Financial for Guardian Wealth Advisors, Llc (registered 2025-01-29)Feb 15, 2024 · Advisor changed firm · fact
- Samuel David Sexton left All Star Financial for Guardian Wealth Advisors, Llc (registered 2024-01-08)Sep 12, 2023 · Advisor changed firm · fact
- All Star Financial Inc's advisors moved to All Star Financial (Minneapolis, MN): 5 of 5 registered, on the same dayNov 10, 2022 · Firm absorbed (people side) · derived
- All Star Financial filed its initial SEC registration (Form ADV)Oct 6, 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
- 330-375-9480reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/1047285reportedpublic record, Form ADV, Sep 17, 2026
- Website
- ALLSTARFINANCIAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 952-896-3820reportedpublic record, Form ADV, Feb 6, 2026
- Team page
- sequoia-financial.com/team/robert-klefsaasreportedpublished 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
- $176Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026