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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

SEC-registered adviser

I••••••

Independent wealth managerWaseca, MinnesotaCRD 329980SEC 801-129824websiteIAPD
Legal name I•••••• F••••••••• L••
Latest filing Mar 26, 2026
First filing on the tape Mar 1, 2024 · 10 filings
SEC status approved since Apr 5, 2024
RAUM
$312M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$305M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$51.9M
derived; firm RAUM over IAPD count
Employees
14
5 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$312M as of Mar 26, 2026
Apr 24, 2025$231M then
HNW client RAUM$157M as of Mar 26, 2026
Apr 24, 2025$105M then
State-registered IARs (5.B.3)5 as of Mar 26, 2026
Apr 24, 20255 then
Employees (5.A)14 as of Mar 26, 2026
Apr 24, 202510 then
Private funds: no history
RAUM +35% over the last fiscal yearIARs 5 to 5
Practice profile
derived from the filing of Mar 26, 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
$51.9MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
119derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.3MderivedHNW RAUM over HNW clients
Average account
$432,187derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.3derivedItem 5.A over advisors
Advisors per office
2.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+35%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-2.3%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 consulting, selection of other advisersreportedItem 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
  • is an insurance broker or agent (6.A.6)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$157M50%
  • Individuals$148M48%
  • Corporations and businesses$4.6M1.5%
  • Charitable organizations$2.2M0.7%
Individual clients
647reported
HNW clients
67reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
721reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.98 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=5.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
S•••• T••• P••••••Waseca, MnNov 29, 201723 y2
B•••••• E••••• C••••••Waseca, Mn Nov 29, 201731 y2
J•••••••• P•••• E••••Waseca, MnApr 5, 202412 y1
M•••••• P•••••Waseca, MnApr 5, 202410 y0
G••• F•••• G•••••••Waseca, MnFeb 25, 202539 y2
J••••• J• H•••••••••Waseca, MnApr 29, 202610 y2
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
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • C••••••• B••••••• E••••• · President, Ceo, And Ownercontrol
    since 04/2024 · owns less than 5%
  • P•••••• M•••••• · Chief Compliance Officercontrol
    since 04/2024 · owns less than 5%
  • C••••••• B••••••• E••••• · Managing Membercontrol
    since 01/2023 · owns 75% or more of K• H••••••• I• L••
  • P•••••• M•••••• · Membercontrol
    since 07/2023 · owns F of K• H••••••• I• L••
Entity owners
  • K• H••••••• I• L•• · Holding Company
    direct · 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
OfficeAdvisorsJoinedLeftTeams outForming
Waseca, Mn · principal610
Offices
Schedule D 1.F, the 25 largest
  • Mankato, MN3 employees
  • Bloomington, MN1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • RAUM up 25 %Change between filings · filing Mar 26, 2026
    RAUM (Item 5.F) moved from $230,656,452 to $311,606,497 (+35.0%) between the annual amendments of 2025-04-24 and 2026-03-26; the peer median change was +15.0% (4549 comparable advisers, 90.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (4,549) · 90% percentile
What changed
consecutive filings, newest first
  • Accounts · 739 to 721
    May 12, 2025 to Mar 26, 2026
  • HNW clients · 55 to 67
    May 12, 2025 to Mar 26, 2026
  • Individual clients · 676 to 647
    May 12, 2025 to Mar 26, 2026
  • Employees · 10 to 14
    May 12, 2025 to Mar 26, 2026
  • Financial planning clients · 0 to 1-10
    May 12, 2025 to Mar 26, 2026
  • Discretionary RAUM · $231M to $312M
    May 12, 2025 to Mar 26, 2026
  • HNW RAUM · $105M to $157M
    May 12, 2025 to Mar 26, 2026
  • Individual RAUM · $119M to $148M
    May 12, 2025 to Mar 26, 2026
  • RAUM · $231M to $312M
    May 12, 2025 to Mar 26, 2026
  • Financial planning clients · 0 to 0
    Apr 24, 2025 to May 12, 2025
  • Accounts · 495 to 739
    Jul 31, 2024 to Apr 24, 2025
  • Advisory employees · 4 to 5
    Jul 31, 2024 to Apr 24, 2025
  • BD registered reps · 4 to 5
    Jul 31, 2024 to Apr 24, 2025
  • Charity clients · 4.0 to unset
    Jul 31, 2024 to Apr 24, 2025
  • Corporate clients · 5.0 to unset
    Jul 31, 2024 to Apr 24, 2025
  • HNW clients · 47 to 55
    Jul 31, 2024 to Apr 24, 2025
  • Individual clients · 439 to 676
    Jul 31, 2024 to Apr 24, 2025
  • Employees · 7 to 10
    Jul 31, 2024 to Apr 24, 2025
  • Insurance-licensed employees · 3 to 0
    Jul 31, 2024 to Apr 24, 2025
  • State-registered IARs · 4 to 5
    Jul 31, 2024 to Apr 24, 2025
  • Discretionary RAUM · $192M to $231M
    Jul 31, 2024 to Apr 24, 2025
  • HNW RAUM · $93.5M to $105M
    Jul 31, 2024 to Apr 24, 2025
  • Individual RAUM · $91.1M to $119M
    Jul 31, 2024 to Apr 24, 2025
  • RAUM · $192M to $231M
    Jul 31, 2024 to Apr 24, 2025
  • Accounts · 0 to 495
    Apr 12, 2024 to Jul 29, 2024
  • Charity clients · unset to 4.0
    Apr 12, 2024 to Jul 29, 2024
  • Corporate clients · unset to 5.0
    Apr 12, 2024 to Jul 29, 2024
  • HNW clients · unset to 47.0
    Apr 12, 2024 to Jul 29, 2024
  • Individual clients · unset to 439.0
    Apr 12, 2024 to Jul 29, 2024
  • Discretionary RAUM · $0 to $192M
    Apr 12, 2024 to Jul 29, 2024
  • HNW RAUM · $0 to $93.5M
    Apr 12, 2024 to Jul 29, 2024
  • Individual RAUM · $0 to $91.1M
    Apr 12, 2024 to Jul 29, 2024
  • RAUM · $0 to $192M
    Apr 12, 2024 to Jul 29, 2024
Signals
2 dated events
  • 2 advisors left I•• G•••• W••••• M••••••••• L•• (Denver, CO) for I•••••• on the same day
    Jun 21, 2024 · Team lift-out · derived
  • I•••••• filed its initial SEC registration (Form ADV)
    Mar 1, 2024 · 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
507-625-1778reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
507-835-9111reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
LINKEDIN.COM/COMPANY/I••••••reportedpublic record, Form ADV, Sep 19, 2026
Website
I••••••4ME.COMreportedpublic record, Form ADV, Sep 19, 2026
Principal office phone
507-835-9111reportedpublic record, Form ADV, Mar 26, 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
$51.9Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026