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
7two
Legal name Seventwo LLC
Latest filing Jun 12, 2026
First filing on the tape Dec 14, 2023 · 16 filings
SEC status approved since Jan 17, 2024
RAUM
$230M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
74%
$171M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$46.1M
derived; firm RAUM over IAPD count
Employees
7
5 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
3
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$230M as of Jun 12, 2026
Jan 10, 2025$386M then
HNW client RAUM$170M as of Jun 12, 2026
Jan 10, 2025$375M then
State-registered IARs (5.B.3)5 as of Jun 12, 2026
Jan 10, 20254 then
Employees (5.A)7 as of Jun 12, 2026
Jan 10, 20256 then
Private funds3 as of Jun 12, 2026
Jan 10, 20251 then
RAUM +62% over the last fiscal yearIARs 4 to 5
Practice profile
derived from the filing of Jun 12, 2026; every figure names its basis
Archetypes, each a printed rule
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $46.1MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 11derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.0MderivedHNW RAUM over HNW clients
- Average account
- $1.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.4derivedItem 5.A over advisors
- Advisors per office
- 1.0derived5 offices incl. principal (1.F.5)
- RAUM growth, one year
- +62%derivedbetween the last two annual amendments
- Advisor growth, one year
- +25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -6.9%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- Custody
- $43.3M, 16 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)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$170M74%
- Pooled investment vehicles$59.5M26%
- Individuals$1.2M0.5%
- Individual clients
- 12reported
- HNW clients
- 42reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 171reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $43.3M for 16 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.74 fund_share=0.26 institutional_share=0.0 related_bd=false related_bank=false bd_reps=2.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Andrew Nelson Macken | Dedham, Ma | Jan 26, 2024 | 32 y | 3 |
| Marc Stevens Bathgate | Denver, Co | May 14, 2024 | 20 y | 0 |
| Ryan Peter Ritchie | Incline Village, Nv | Jul 23, 2024 | 16 y | 1 |
| Nicholas Joseph RotelloChartered Financial Analyst | Denver, Co | Jan 1, 2025 | 26 y | 5 |
| Coleman ShwayderCertified Financial Planner | Denver, Co | Sep 18, 2025 | 10 y | 1 |
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 headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Coleman Shwayder from MML Investors Services, LLCSep 18, 2025 · Affiliated broker-dealer or bank to independent RIA
- Nicholas Joseph Rotello from Seven Two PartnersJan 1, 2025 · Other
- Ryan Peter Ritchie from Hallador Investment Advisors, Inc.Jul 23, 2024 · Other
- Andrew Nelson Macken from Baldwin Wealth Partners, LLCJan 26, 2024 · RIA to a newly registered adviser
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Stevens Marc Bathgate · Managing Partnercontrolsince 03/2024 · owns less than 5%
- Michelle Vicki Denhoffer · Chief Operating Officer And Chief Compliance Officercontrolsince 06/2024 · owns less than 5%
- Nelson Andrew Macken · Managing Partnercontrolsince 12/2023 · owns less than 5%
- Peter Ryan Ritchie · Managing Partnercontrolsince 12/2023 · owns less than 5%
- Joseph Nicholas Rotello · Managing Partnercontrolsince 12/2023 · owns less than 5%
- Stevens Marc Bathgate · Managing Membercontrolsince 12/2020 · owns 75% or more of Black Sage Holdings, LLC
- Nelson Andrew Macken · Managing Membercontrolsince 01/2024 · owns 75% or more of Harbour Partners, LLC
- Peter Ryan Ritchie · Managing Membercontrolsince 09/2022 · owns 75% or more of Moybridge, LLC
- Joseph Nicholas Rotello · Managing Membercontrolsince 05/2009 · owns 75% or more of Seven Two Partners LLC
Entity owners
- Black Sage Holdings, LLC · Memberdirect · owns 25% to 50%
- Harbour Partners, LLC · Memberdirect · owns 25% to 50%
- Moybridge, LLC · Memberdirect · owns 25% to 50%
- Seven Two Partners LLC · Memberdirect · owns 25% to 50%
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 |
|---|---|---|---|---|---|
| Denver, Co · principal | 5 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Dedham, MA1 employees
- Incline Village, NV1 employees
- , 1 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- client mix shiftChange between filings · filing Mar 28, 2026private-client share of RAUM moved from 94.0% to 74.0% between the annual amendments of 2025-02-12 and 2026-03-28peers: independent wealth managers, $100M to $500M (5,676)
- HNW share shiftChange between filings · filing Mar 28, 2026HNW share of RAUM moved from 92.0% to 74.0% between the annual amendments of 2025-02-12 and 2026-03-28peers: independent wealth managers, $100M to $500M (5,676)
- RAUM up 50 %Change between filings · filing Mar 28, 2026RAUM (Item 5.F) moved from $142,280,777 to $230,391,190 (+62.0%) between the annual amendments of 2025-02-12 and 2026-03-28; the peer median change was +15.0% (4551 comparable advisers, 97.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,551) · 97% percentile
What changed
consecutive filings, newest first
- Accounts · 170 to 171Jun 10, 2025 to Mar 28, 2026
- Advisory employees · 4 to 5Jun 10, 2025 to Mar 28, 2026
- HNW clients · 49 to 42Jun 10, 2025 to Mar 28, 2026
- Individual clients · 9 to 12Jun 10, 2025 to Mar 28, 2026
- Pooled vehicle clients · 1 to 3Jun 10, 2025 to Mar 28, 2026
- Assets in custody · $38.3M to $43.3MJun 10, 2025 to Mar 28, 2026
- Employees · 6 to 7Jun 10, 2025 to Mar 28, 2026
- State-registered IARs · 4 to 5Jun 10, 2025 to Mar 28, 2026
- Private funds · 2 to 3Jun 10, 2025 to Mar 28, 2026
- Discretionary RAUM · $142M to $230MJun 10, 2025 to Mar 28, 2026
- HNW RAUM · $131M to $170MJun 10, 2025 to Mar 28, 2026
- Individual RAUM · $2.0M to $1.2MJun 10, 2025 to Mar 28, 2026
- Pooled vehicle RAUM · $8.8M to $59.5MJun 10, 2025 to Mar 28, 2026
- RAUM · $142M to $230MJun 10, 2025 to Mar 28, 2026
- Financial planning clients · 0 to 0Feb 12, 2025 to Jun 10, 2025
- Private funds · 1 to 2Feb 12, 2025 to Jun 10, 2025
- Related adviser · true to falseFeb 12, 2025 to Jun 10, 2025
- Accounts · 207 to 170Jan 10, 2025 to Feb 12, 2025
- HNW clients · 38 to 49Jan 10, 2025 to Feb 12, 2025
- Individual clients · 10 to 9Jan 10, 2025 to Feb 12, 2025
- Assets in custody · $3.2M to $38.3MJan 10, 2025 to Feb 12, 2025
- Discretionary RAUM · $119M to $142MJan 10, 2025 to Feb 12, 2025
- HNW RAUM · $375M to $131MJan 10, 2025 to Feb 12, 2025
- Individual RAUM · $2.5M to $2.0MJan 10, 2025 to Feb 12, 2025
- Non-discretionary RAUM · $268M to $0Jan 10, 2025 to Feb 12, 2025
- RAUM · $386M to $142MJan 10, 2025 to Feb 12, 2025
- Accounts · 206 to 207Oct 11, 2024 to Jan 10, 2025
- Advisory activities · 3 to 5Oct 11, 2024 to Jan 10, 2025
- Pooled vehicle clients · unset to 1.0Oct 11, 2024 to Jan 10, 2025
- Private funds · unset to 1Oct 11, 2024 to Jan 10, 2025
- Discretionary RAUM · $110M to $119MOct 11, 2024 to Jan 10, 2025
- Pooled vehicle RAUM · unset to 8850000.0Oct 11, 2024 to Jan 10, 2025
- RAUM · $377M to $386MOct 11, 2024 to Jan 10, 2025
- Related adviser · false to trueOct 11, 2024 to Jan 10, 2025
- Business name · SEVENTWO LLC to 7TWOJun 20, 2024 to Jun 21, 2024
- Assets in custody · $0 to $3.2MJun 20, 2024 to Jun 21, 2024
- Business name · SEVENTWO, LLC to SEVENTWO LLCJun 19, 2024 to Jun 20, 2024
- Legal name · SEVENTWO, LLC to SEVENTWO LLCJun 19, 2024 to Jun 20, 2024
- Accounts · 0 to 206May 13, 2024 to Jun 19, 2024
- Advisory employees · 5 to 4May 13, 2024 to Jun 19, 2024
Signals
4 dated events
- 7Two reported RAUM $142.3M, down 63% from $386.3M (2025-01-10 to 2025-02-12)Feb 12, 2025 · RAUM change · derived
- Michelle Vicki Denhoffer (Chief Operating Officer And Chief Compliance Officer) appeared on Schedule A of 7TwoJun 19, 2024 · Control person joined · fact
- Stevens Marc Bathgate (Managing Partner) appeared on Schedule A of 7TwoJun 19, 2024 · Control person joined · fact
- Seven Two, Llc filed its initial SEC registration (Form ADV)Dec 14, 2023 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- 7Two · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Business phone
- 720-477-7274reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- 7two.coreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (720) 477-7274reportedpublic record, Form ADV, Jun 12, 2026
- Team page
- 7two.co/teamreportedpublished by the firm, firm site, Sep 16, 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
- $46.1Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026