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.
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SEC-registered adviser
W•••••• R••••••••• P•••• L••
Latest filing Jan 7, 2026
First filing on the tape Aug 17, 2023 · 6 filings
SEC status approved since Sep 15, 2023
RAUM
$618M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$309M
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
6 filings and snapshots on the tape
RAUM$618M as of Jan 7, 2026
Jan 12, 2024$313M then
HNW client RAUM: no history
State-registered IARs (5.B.3)2 as of Jan 7, 2026
Jan 12, 20241 then
Employees (5.A)2 as of Jan 7, 2026
Jan 12, 20241 then
Private funds: no history
RAUM +19% over the last fiscal yearIARs 1 to 2
Practice profile
derived from the filing of Jan 7, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $309MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $7.9MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 72%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
- +19%derivedbetween the last two annual amendments
- Advisor growth, one year
- +100%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$447M72%
- Pooled investment vehicles$172M28%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- 56reported
- Charitable clients
- n/areported
- Accounts
- 78reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.0 fund_share=0.28 institutional_share=0.72 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 |
|---|---|---|---|---|
| A••••• H••••••• W••••••Certified Financial Planner | Duluth, Mn | Nov 21, 2013 | 24 y | 2 |
| R••• D• C•••• | Duluth, Mn | Apr 20, 2016 | 19 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
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- C••••• R•••• D• · Managing Principal / Ccocontrolsince 09/2023 · 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 |
|---|---|---|---|---|---|
| Duluth, Mn · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- discretionary share shiftChange between filings · filing Jan 7, 2026discretionary share of RAUM moved from 0.0% to 100.0% between the annual amendments of 2025-01-24 and 2026-01-07peers: institutional managers, $500M to $1B (71)
What changed
consecutive filings, newest first
- Accounts · 56 to 78May 2, 2025 to Jan 7, 2026
- Advisory employees · 1 to 2May 2, 2025 to Jan 7, 2026
- Advisory activities · 3 to 2May 2, 2025 to Jan 7, 2026
- Pension plan clients · 55 to 56May 2, 2025 to Jan 7, 2026
- Pooled vehicle clients · 1 to 22May 2, 2025 to Jan 7, 2026
- Employees · 1 to 2May 2, 2025 to Jan 7, 2026
- Insurance-licensed employees · 1 to 0May 2, 2025 to Jan 7, 2026
- State-registered IARs · 1 to 2May 2, 2025 to Jan 7, 2026
- Discretionary RAUM · $0 to $618MMay 2, 2025 to Jan 7, 2026
- Non-discretionary RAUM · $520M to $0May 2, 2025 to Jan 7, 2026
- Pension RAUM · $373M to $447MMay 2, 2025 to Jan 7, 2026
- Pooled vehicle RAUM · $147M to $172MMay 2, 2025 to Jan 7, 2026
- RAUM · $520M to $618MMay 2, 2025 to Jan 7, 2026
- Financial planning clients · unset to Jan 24, 2025 to May 2, 2025
- Accounts · 65 to 56Jan 12, 2024 to Jan 24, 2025
- Corporate clients · 65.0 to unsetJan 12, 2024 to Jan 24, 2025
- Pension plan clients · unset to 55.0Jan 12, 2024 to Jan 24, 2025
- Pooled vehicle clients · unset to 1.0Jan 12, 2024 to Jan 24, 2025
- Discretionary RAUM · $313M to $0Jan 12, 2024 to Jan 24, 2025
- Non-discretionary RAUM · $0 to $520MJan 12, 2024 to Jan 24, 2025
- Pension RAUM · unset to 373000000.0Jan 12, 2024 to Jan 24, 2025
- Pooled vehicle RAUM · unset to 147000000.0Jan 12, 2024 to Jan 24, 2025
- RAUM · $313M to $520MJan 12, 2024 to Jan 24, 2025
- Accounts · 0 to 65Sep 19, 2023 to Jan 12, 2024
- Advisory activities · 2 to 3Sep 19, 2023 to Jan 12, 2024
- Corporate clients · unset to 65.0Sep 19, 2023 to Jan 12, 2024
- Insurance-licensed employees · 0 to 1Sep 19, 2023 to Jan 12, 2024
- Discretionary RAUM · $0 to $313MSep 19, 2023 to Jan 12, 2024
- RAUM · $0 to $313MSep 19, 2023 to Jan 12, 2024
Signals
2 dated events
- W•••••• R••••••••• P•••• L•• reported RAUM $520.0M, up 66% from $313.0M (2024-01-12 to 2025-01-24)Jan 24, 2025 · RAUM change · derived
- W•••••• R••••••••• P•••• L•• filed its initial SEC registration (Form ADV)Aug 17, 2023 · 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
- Website
- W••••••RP.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 218-336-8524reportedpublic record, Form ADV, Jan 7, 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
- Institutional managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $309Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026