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
B•••• M•••• W••••• S••••••••• L••
Latest filing Jun 16, 2026
First filing on the tape May 28, 2024 · 7 filings
SEC status approved since Jun 27, 2024
RAUM
$795M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$790M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$99.4M
derived; firm RAUM over IAPD count
Employees
11
8 advisory (5.B.1)
Offices
11
beyond the principal office
Private funds
0
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$795M as of Jun 16, 2026
Oct 25, 2024$599M then
HNW client RAUM$692M as of Jun 16, 2026
Oct 25, 2024$557M then
State-registered IARs (5.B.3)7 as of Jun 16, 2026
Oct 25, 20244 then
Employees (5.A)11 as of Jun 16, 2026
Oct 25, 20245 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Jun 16, 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
- RAUM per advisor
- $99.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 55derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.2MderivedHNW RAUM over HNW clients
- Average account
- $760,324derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.4derivedItem 5.A over advisors
- Advisors per office
- 0.7derived12 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 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
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$692M87%
- Individuals$97.8M12%
- Pension and profit-sharing plans$2.9M0.4%
- Corporations and businesses$2.1M0.3%
- Individual clients
- 305reported
- HNW clients
- 134reported
- Pension plan clients
- 9reported
- Charitable clients
- 0reported
- Accounts
- 1,046reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| S•••••••• L••• B•••••Certified Financial Planner | Grand Forks, Nd | Jul 15, 2024 | 11 y | 3 |
| M••••• L••• M••••• | Bismarck, Nd | Jul 19, 2024 | 18 y | 4 |
| J•••• J••• E•••• | Bismarck, Nd | Jul 19, 2024 | 26 y | 4 |
| J••••••• A••••• B•••••• | Grand Forks, Nd | Jul 19, 2024 | 12 y | 1 |
| Z•••••• W•••••• M•••Certified Financial Planner, Chartered Financial Consultant | Sioux Falls, Sd | May 14, 2025 | 12 y | 1 |
| T•• A••••• F••••Chartered Financial Analyst | Grand Forks, Nd | Jul 25, 2025 | 15 y | 2 |
| C••• J•••• M••• O•••••••• | Fargo, Nd | Sep 29, 2025 | 11 y | 0 |
| L•••• J•••• Z••••••Certified Financial Planner | Grand Forks, Nd | Jul 27, 2026 | 11 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
- B•••• P••• F••••• to C••••• I••••••••• A••••••• L••Oct 30, 2024 · RIA to affiliated broker-dealer or bank
Joined, latest
- L•••• J•••• Z•••••• from M••••••Jul 27, 2026 · Affiliated broker-dealer or bank to independent RIA
- T•• A••••• F•••• from A•••••• A••••••• S•••••••Jul 25, 2025 · Affiliated broker-dealer or bank to independent RIA
- Z•••••• W•••••• M••• from N••••••••• M••••• I••••••••• S•••••••••May 14, 2025 · Other
- J•••• J••• E•••• from A•••••• P••••••• P•••••••• I•••Jul 19, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- J••••••• A••••• B•••••• from A•••••• P••••••• P•••••••• I•••Jul 19, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- M••••• L••• M••••• from A•••••• P••••••• P•••••••• I•••Jul 19, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- B•••• P••• F••••• from A•••••• P••••••• P•••••••• I•••Jul 19, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- S•••••••• L••• B••••• from C••••••• P•••••••Jul 15, 2024 · RIA to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 4 joined from A•••••• P••••••• P•••••••• I•••Jul 13, 2024 · Grand Forks, Nd
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- D•••••• S••••• M•••• · Presidentcontrolsince 10/2024 · owns less than 5%
- O••• J•••••• R••••• · Chief Compliance Officercontrolsince 05/2024 · owns less than 5%
- H••••••••• A••• J• · Secretary / Treasurersince 05/2024 · owns less than 5%
Entity owners
- B•••• M••••• L•• · Ownerdirect · owns 75% or more
- B••••• M•••• • A••••••••• P••• · Elected Managerindirect · owns F of B•••• M••••• L••
Related persons
Schedule D 7.A
- B•••• M•••• I•••••••• S••••••••• L••real estaten
- B••••• M•••• • A••••••••• P•••insurancey
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Grand Forks, Nd · principal | 8 | 2 | 0 | ||
| Bismarck, Nd | 3 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Bismarck, ND2 employees
- Bismarck, ND1 employees
- Crookston, MN1 employees
- Dickinson, ND1 employees
- Fargo, ND1 employees
- Marion, SD1 employees
- Minot, ND1 employees
- Sioux Falls, SD1 employees
- Thief River Falls, MN1 employees
- , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- high office count relative to headcountStatic outlier · filing Jun 16, 2026offices per registered advisor of 1.5 against a peer median of 0.5 (358 comparable advisers, 99.0th percentile, 4.0 robust deviations)peers: independent wealth managers, $500M to $1B (358) · 99% percentile
What changed
consecutive filings, newest first
- Financial planning clients · 26-50 to 101-250Jul 25, 2025 to Nov 21, 2025
- State-registered IARs · 4 to 7Jul 25, 2025 to Nov 21, 2025
- Other offices · 12 to 11Jul 25, 2025 to Nov 21, 2025
- Discretionary RAUM · $599M to $795MJul 25, 2025 to Nov 21, 2025
- HNW RAUM · $557M to $692MJul 25, 2025 to Nov 21, 2025
- Individual RAUM · $40.4M to $97.8MJul 25, 2025 to Nov 21, 2025
- Pension RAUM · $2.3M to $2.9MJul 25, 2025 to Nov 21, 2025
- RAUM · $599M to $795MJul 25, 2025 to Nov 21, 2025
- Accounts · 485 to 1,046Jul 25, 2025 to Nov 21, 2025
- Advisory employees · 4 to 8Jul 25, 2025 to Nov 21, 2025
- HNW clients · 88 to 134Jul 25, 2025 to Nov 21, 2025
- Individual clients · 105 to 305Jul 25, 2025 to Nov 21, 2025
- Pension plan clients · 10 to 9Jul 25, 2025 to Nov 21, 2025
- Employees · 5 to 11Jul 25, 2025 to Nov 21, 2025
- Financial planning clients · 26-50 to 26-50Jan 8, 2025 to Jul 25, 2025
- Other offices · 11 to 12Jan 8, 2025 to Jul 25, 2025
- Other offices · 10 to 11Oct 25, 2024 to Jan 8, 2025
- Accounts · unset to 485.0Jul 15, 2024 to Oct 25, 2024
- Advisory employees · 3 to 4Jul 15, 2024 to Oct 25, 2024
- Advisory activities · 4 to 5Jul 15, 2024 to Oct 25, 2024
- HNW clients · 0 to 88Jul 15, 2024 to Oct 25, 2024
- Individual clients · 0 to 105Jul 15, 2024 to Oct 25, 2024
- Pension plan clients · 0 to 10Jul 15, 2024 to Oct 25, 2024
- Financial planning clients · unset to 26-50Jul 15, 2024 to Oct 25, 2024
- State-registered IARs · 3 to 4Jul 15, 2024 to Oct 25, 2024
- Discretionary RAUM · unset to 599419819.0Jul 15, 2024 to Oct 25, 2024
- HNW RAUM · $0 to $557MJul 15, 2024 to Oct 25, 2024
- Individual RAUM · $0 to $40.4MJul 15, 2024 to Oct 25, 2024
- Non-discretionary RAUM · unset to 0.0Jul 15, 2024 to Oct 25, 2024
- Pension RAUM · $0 to $2.3MJul 15, 2024 to Oct 25, 2024
- RAUM · unset to 599419819.0Jul 15, 2024 to Oct 25, 2024
- Other offices · 8 to 10May 28, 2024 to Jul 15, 2024
Signals
6 dated events
- B•••• M•••• W••••• S••••••••• L•• reported RAUM $795.3M, up 33% from $599.4M (2025-07-25 to 2025-11-21)Nov 21, 2025 · RAUM change · derived
- B•••• P••• F••••• left B•••• M•••• W••••• S••••••••• L•• for C••••• I••••••••• A••••••• L•• (registered 2026-06-10)Oct 30, 2024 · Advisor changed firm · fact
- Michael Todd Vandusen (President) no longer on Schedule A of B•••• M•••• W••••• S••••••••• L•• (listed 2024-07-15, absent 2024-10-25)Oct 25, 2024 · Control person left · inference
- M•••• S•••• Dutoit (President) appeared on Schedule A of B•••• M•••• W••••• S••••••••• L••Oct 25, 2024 · Control person joined · fact
- 4 advisors left A•••••• P••••••• P•••••••• I••• (Grand Forks, ND) for B•••• M•••• W••••• S••••••••• L•• within 4 daysJul 13, 2024 · Team lift-out · derived
- B•••• M•••• W••••• S••••••••• L•• filed its initial SEC registration (Form ADV)May 28, 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
- Website
- bradymartz.com/brady-martz-wealth-solutions-llcreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 701-223-1717reportedpublic record, Form ADV, Jun 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
- $99.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026