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•••••••• A••••••• S•••••••• L••
Latest filing Jul 29, 2026
First filing on the tape Jul 8, 2024 · 11 filings
SEC status approved since Aug 7, 2024
RAUM
$126M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$126M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$62.9M
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$126M as of Jul 29, 2026
Jan 29, 2025$210M then
HNW client RAUM$125M as of Jul 29, 2026
Jan 29, 2025$131M then
State-registered IARs (5.B.3)2 as of Jul 29, 2026
Jan 29, 20252 then
Employees (5.A)4 as of Jul 29, 2026
Jan 29, 20252 then
Private funds: no history
RAUM -40% over the last fiscal yearIARs 2 to 2
Practice profile
derived from the filing of Jul 29, 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $62.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 11derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $8.3MderivedHNW RAUM over HNW clients
- Average account
- $1.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -40%derivedbetween the last two annual amendments
- Advisor growth, one year
- -50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -96%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
- Custody
- $12.0M, 2 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)
- 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$125M99%
- Individuals$1.1M0.9%
- Individual clients
- 6reported
- HNW clients
- 15reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 82reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- $12.0M for 2 clientsreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 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 |
|---|---|---|---|---|
| S•••• J••• K•••• K•••••• | Muskego, Wi | Jan 2, 2025 | 10 y | 2 |
| C•••••• L••• G•••••• | Muskego, Wi | Jul 16, 2026 | 10 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 50% of current headcount1 left over 36 months
Left, latest
- T••••• L•••• D•••• to C•••• A••••••• L••Mar 6, 2026 · RIA to a newly registered adviser
Joined, latest
- S•••• J••• K•••• K•••••• from O•••• W•••••• I•••Jan 2, 2025 · Affiliated broker-dealer or bank to independent RIA
- T••••• L•••• D•••• from O•••• W•••••• I•••Aug 8, 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 O•••• W•••••• I•••Sep 11, 2024 · Muskego, Wi
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- D••••• T•••••• L•••• · Coocontrolsince 05/2024 · owns less than 5%
- J••••••• J•••••• M•••••• · Managing Membercontrolsince 05/2024 · owns less than 5%
- K••••••• S••••• J••• K•••• · Ccocontrolsince 05/2024 · owns less than 5%
- J••••••• J•••••• M•••••• · Ownercontrolsince 02/2022 · owns 75% or more of B•••••••• S••••••••• I•••
Entity owners
- B•••••••• S••••••••• I••• · Ownerdirect · 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 |
|---|---|---|---|---|---|
| Muskego, Wi · principal | 2 | 1 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
5 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Apr 24, 2026private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $209,880,244 to $125,740,000, advisors 2 to 1, private clients 500 to 21, offices 0 to 0 (2025-01-29 to 2026-04-24)peers: independent wealth managers, $100M to $500M (5,676)
- client count collapseChange between filings · filing Apr 24, 2026individual and HNW clients (Item 5.D) moved from 500.0 to 21.0 (-96.0%) between the annual amendments of 2025-01-29 and 2026-04-24; the peer median change was +3.0% (3309 comparable advisers, 0.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,309) · 0.1% percentile
- account count collapseChange between filings · filing Apr 24, 2026accounts (Item 5.F.2.f) moved from 768.0 to 82.0 (-89.0%) between the annual amendments of 2025-01-29 and 2026-04-24; the peer median change was +5.0% (3687 comparable advisers, 0.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,687) · 0.1% percentile
- HNW share shiftChange between filings · filing Apr 24, 2026HNW share of RAUM moved from 63.0% to 99.0% between the annual amendments of 2025-01-29 and 2026-04-24peers: independent wealth managers, $100M to $500M (5,676)
- RAUM down 25 %Change between filings · filing Apr 24, 2026RAUM (Item 5.F) moved from $209,880,244 to $125,740,000 (-40.0%) between the annual amendments of 2025-01-29 and 2026-04-24; the peer median change was +15.0% (4550 comparable advisers, 1.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,550) · 0.9% percentile
What changed
consecutive filings, newest first
- Advisory employees · 1 to 2Jun 9, 2026 to Jul 29, 2026
- State-registered IARs · 1 to 2Jun 9, 2026 to Jul 29, 2026
- Advisory employees · 2 to 1Apr 24, 2026 to Jun 9, 2026
- Employees · 3 to 4Apr 24, 2026 to Jun 9, 2026
- Accounts · 585 to 82Mar 6, 2026 to Apr 24, 2026
- HNW clients · 17 to 15Mar 6, 2026 to Apr 24, 2026
- Individual clients · 551 to 6Mar 6, 2026 to Apr 24, 2026
- Employees · 2 to 3Mar 6, 2026 to Apr 24, 2026
- Insurance-licensed employees · 0 to 1Mar 6, 2026 to Apr 24, 2026
- Financial planning clients · 0 to 11-25Mar 6, 2026 to Apr 24, 2026
- State-registered IARs · 2 to 1Mar 6, 2026 to Apr 24, 2026
- Discretionary RAUM · $243M to $126MMar 6, 2026 to Apr 24, 2026
- HNW RAUM · $124M to $125MMar 6, 2026 to Apr 24, 2026
- Individual RAUM · $119M to $1.1MMar 6, 2026 to Apr 24, 2026
- RAUM · $243M to $126MMar 6, 2026 to Apr 24, 2026
- Accounts · 768 to 585Jan 29, 2025 to Feb 27, 2026
- Individual clients · 483 to 551Jan 29, 2025 to Feb 27, 2026
- Assets in custody · $114M to $12.0MJan 29, 2025 to Feb 27, 2026
- Discretionary RAUM · $210M to $243MJan 29, 2025 to Feb 27, 2026
- HNW RAUM · $131M to $124MJan 29, 2025 to Feb 27, 2026
- Individual RAUM · $77.2M to $119MJan 29, 2025 to Feb 27, 2026
- RAUM · $210M to $243MJan 29, 2025 to Feb 27, 2026
- Accounts · 580 to 768Oct 23, 2024 to Jan 29, 2025
- HNW clients · unset to 17.0Oct 23, 2024 to Jan 29, 2025
- Individual clients · 398 to 483Oct 23, 2024 to Jan 29, 2025
- Assets in custody · $0 to $114MOct 23, 2024 to Jan 29, 2025
- Employees · 3 to 2Oct 23, 2024 to Jan 29, 2025
- Financial planning clients · 0 to 0Oct 23, 2024 to Jan 29, 2025
- Discretionary RAUM · $178M to $210MOct 23, 2024 to Jan 29, 2025
- HNW RAUM · unset to 131348800.0Oct 23, 2024 to Jan 29, 2025
- Individual RAUM · $178M to $77.2MOct 23, 2024 to Jan 29, 2025
- RAUM · $178M to $210MOct 23, 2024 to Jan 29, 2025
- Accounts · 0 to 580Jul 16, 2024 to Oct 23, 2024
- Individual clients · unset to 398.0Jul 16, 2024 to Oct 23, 2024
- Discretionary RAUM · $0 to $178MJul 16, 2024 to Oct 23, 2024
- Individual RAUM · unset to 177888831.0Jul 16, 2024 to Oct 23, 2024
- RAUM · $0 to $178MJul 16, 2024 to Oct 23, 2024
- Employees · 5 to 3Jul 9, 2024 to Jul 15, 2024
Signals
5 dated events
- B•••••••• A••••••• S•••••••• L•• reported RAUM $125.7M, down 48% from $243.0M (2026-03-06 to 2026-04-24)Apr 24, 2026 · RAUM change · derived
- T••••• L•••• D•••• left B•••••••• A••••••• S•••••••• L•• for C•••• A••••••• L•• (registered 2026-03-03)Mar 6, 2026 · Advisor changed firm · fact
- 2 advisors left O•••• W•••••• I••• (Muskego, WI) for B•••••••• A••••••• S•••••••• L•• on the same daySep 11, 2024 · Team lift-out · derived
- Leroy Thomas Deppe (Coo) appeared on Schedule A of B•••••••• A••••••• S•••••••• L••Jul 15, 2024 · Control person joined · fact
- B•••••••• A••••••• S•••••••• L•• 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
- 414-837-5337reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- linkedin.com/company/thebreakthrufamilyreportedpublic record, Form ADV, Sep 18, 2026
- Website
- b•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 4148375337reportedpublic record, Form ADV, Jul 29, 2026
- Contact form
- b•••••••••.comreportedpublished by the firm, firm site, Sep 17, 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
- $62.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026