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
Dsg Capital Advisors, LLC
Latest filing Sep 16, 2026
First filing on the tape Jul 8, 2024 · 13 filings
SEC status approved since Aug 8, 2024
RAUM
$780M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
93%
$722M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$130M
derived; firm RAUM over IAPD count
Employees
10
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$780M as of Jul 31, 2026
Mar 20, 2025$684M then
HNW client RAUM$702M as of Jul 31, 2026
Mar 20, 2025$610M then
State-registered IARs (5.B.3)7 as of Jul 31, 2026
Mar 20, 20257 then
Employees (5.A)10 as of Jul 31, 2026
Mar 20, 202510 then
Private funds: no history
RAUM +14% over the last fiscal yearIARs 7 to 7
Practice profile
derived from the filing of Sep 16, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $130MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 19derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $11.1MderivedHNW RAUM over HNW clients
- Average account
- $1.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 7.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 6.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -6.5%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
- Wrap fee program
- $667MreportedItem 5.I
- Custody
- $301M, 49 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)
- has custody of client cash or bank accounts (9.A.1.a)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$702M90%
- Charitable organizations$57.0M7.3%
- Individuals$20.3M2.6%
- State and municipal entities$837,0920.1%
- Individual clients
- 52reported
- HNW clients
- 63reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 510reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $301M for 49 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.93 fund_share=0.0 institutional_share=0.07 related_bd= related_bank= bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Denver Scott Gilliand | Edina, Mn | Aug 16, 2024 | 29 y | 2 |
| Craig Mcpherson | Edina, Mn | Aug 21, 2024 | 18 y | 1 |
| Klair Marie Reese | Edina, Mn | Aug 21, 2024 | 20 y | 1 |
| Jack Bridgeman | Edina, Mn | Aug 21, 2024 | 9 y | 1 |
| Cynthia Kay Slater | Edina, Mn | Aug 21, 2024 | 10 y | 1 |
| Jonathan Bellm | Edina, Mn | Jun 12, 2025 | 11 y | 1 |
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
- Jonathan Bellm from Raymond James Financial Services Advisors, IncJun 12, 2025 · Affiliated broker-dealer or bank to independent RIA
- Jack Bridgeman from Hightower Advisors, LLCAug 21, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- Craig Mcpherson from Hightower Advisors, LLCAug 21, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- Cynthia Kay Slater from Hightower Advisors, LLCAug 21, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- Klair Marie Reese from Hightower Advisors, LLCAug 21, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- Denver Scott Gilliand from Hightower Advisors, LLCAug 16, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Hightower Advisors, LLCAug 16, 2024 · Chicago, Il
- 3 joined from Hightower Advisors, LLCAug 16, 2024 · Edina, Mn
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Jeanne Carrie Ackley · Chief Compliance Officercontrolsince 08/2024 · owns less than 5%
- Scott Denver Gilliand · Ceo/Presidentcontrolsince 07/2024 · owns less than 5%
- Scott Denver Gilliand · Managing Membercontrolsince 08/2024 · owns 75% or more of Dsg Holdings, LLC
Entity owners
- Dsg Holdings, LLC · Managing Memberdirect · 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 |
|---|---|---|---|---|---|
| Edina, Mn · principal | 6 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Financial planning clients · 1-10 to 1-10Jul 31, 2026 to Sep 16, 2026
- Related adviser · false to unsetJul 31, 2026 to Sep 16, 2026
- Related bank · false to unsetJul 31, 2026 to Sep 16, 2026
- Related broker-dealer · false to unsetJul 31, 2026 to Sep 16, 2026
- Related insurance company · false to unsetJul 31, 2026 to Sep 16, 2026
- Succession · false to unsetJul 31, 2026 to Sep 16, 2026
- Accounts · 493 to 510Nov 21, 2025 to Mar 25, 2026
- Advisory activities · 5 to 4Nov 21, 2025 to Mar 25, 2026
- HNW clients · 49 to 63Nov 21, 2025 to Mar 25, 2026
- Individual clients · 74 to 52Nov 21, 2025 to Mar 25, 2026
- Assets in custody · $106M to $301MNov 21, 2025 to Mar 25, 2026
- Financial planning clients · 0 to 1-10Nov 21, 2025 to Mar 25, 2026
- Discretionary RAUM · $669M to $763MNov 21, 2025 to Mar 25, 2026
- HNW RAUM · $610M to $702MNov 21, 2025 to Mar 25, 2026
- Individual RAUM · $22.9M to $20.3MNov 21, 2025 to Mar 25, 2026
- Non-discretionary RAUM · $15.0M to $17.1MNov 21, 2025 to Mar 25, 2026
- RAUM · $684M to $780MNov 21, 2025 to Mar 25, 2026
- Financial planning clients · 0 to 0Jun 12, 2025 to Nov 21, 2025
- Accounts · 476 to 493Dec 6, 2024 to Mar 20, 2025
- Advisory activities · 2 to 5Dec 6, 2024 to Mar 20, 2025
- HNW clients · 95 to 49Dec 6, 2024 to Mar 20, 2025
- Individual clients · 72 to 74Dec 6, 2024 to Mar 20, 2025
- Assets in custody · unset to 105844666.0Dec 6, 2024 to Mar 20, 2025
- Custody of client assets · false to trueDec 6, 2024 to Mar 20, 2025
- Employees · 11 to 10Dec 6, 2024 to Mar 20, 2025
- Discretionary RAUM · $638M to $669MDec 6, 2024 to Mar 20, 2025
- HNW RAUM · $591M to $610MDec 6, 2024 to Mar 20, 2025
- Individual RAUM · $12.2M to $22.9MDec 6, 2024 to Mar 20, 2025
- Non-discretionary RAUM · $17.0M to $15.0MDec 6, 2024 to Mar 20, 2025
- Pension RAUM · 2123494.0 to unsetDec 6, 2024 to Mar 20, 2025
- RAUM · $655M to $684MDec 6, 2024 to Mar 20, 2025
- Accounts · 0 to 476Aug 16, 2024 to Dec 6, 2024
- HNW clients · unset to 95.0Aug 16, 2024 to Dec 6, 2024
- Individual clients · unset to 72.0Aug 16, 2024 to Dec 6, 2024
- Discretionary RAUM · $0 to $638MAug 16, 2024 to Dec 6, 2024
- HNW RAUM · unset to 591232951.0Aug 16, 2024 to Dec 6, 2024
- Individual RAUM · unset to 12204329.0Aug 16, 2024 to Dec 6, 2024
- Non-discretionary RAUM · $0 to $17.0MAug 16, 2024 to Dec 6, 2024
- Pension RAUM · unset to 2123494.0Aug 16, 2024 to Dec 6, 2024
- RAUM · $0 to $655MAug 16, 2024 to Dec 6, 2024
Signals
5 dated events
- Edward Christopher Winn (Chief Compliance Officer) no longer on Schedule A of Dsg Capital Advisors, Llc (listed 2024-08-08, absent 2024-08-16)Aug 16, 2024 · Control person left · inference
- Jeanne Carrie Ackley (Chief Compliance Officer) appeared on Schedule A of Dsg Capital Advisors, LlcAug 16, 2024 · Control person joined · fact
- 3 advisors left Hightower Advisors, LLC (Edina, MN) for Dsg Capital Advisors, LLC within 4 daysAug 16, 2024 · Team lift-out · derived
- 2 advisors left Hightower Advisors, LLC (Chicago, IL) for Dsg Capital Advisors, LLC on the same dayAug 16, 2024 · Team lift-out · derived
- Dsg Advisors filed its initial SEC registration (Form ADV)Jul 8, 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
- 612-515-7500reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 612-515-9900reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/dsgcareportedpublic record, Form ADV, Sep 17, 2026
- Website
- dsgcapitaladvisors.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (612) 515-9900reportedpublic record, Form ADV, Sep 16, 2026
- Contact form
- dsgcapitaladvisors.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- dsgcapitaladvisors.com/who-we-arereportedpublished 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
- $130Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026