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
N•••••• W••••• M••••••••• I•••
Latest filing Mar 5, 2026
First filing on the tape Jul 30, 2024 · 6 filings
SEC status approved since Sep 5, 2024
RAUM
$710M
reported, Item 5.F
Discretionary
85%
of RAUM
Private clients
95%
$671M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$177M
derived; firm RAUM over IAPD count
Employees
11
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
6 filings and snapshots on the tape
RAUM$710M as of Mar 5, 2026
Jan 21, 2025$623M then
HNW client RAUM$621M as of Mar 5, 2026
Jan 21, 2025$446M then
State-registered IARs (5.B.3)4 as of Mar 5, 2026
Jan 21, 20253 then
Employees (5.A)11 as of Mar 5, 2026
Jan 21, 202511 then
Private funds: no history
RAUM +12% over the last fiscal yearIARs 3 to 4offices 2 to 1
Practice profile
derived from the filing of Mar 5, 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
- RAUM per advisor
- $177MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 96derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.2MderivedHNW RAUM over HNW clients
- Average account
- $480,432derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 85%derivedof RAUM
- Institutional
- 5.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.8derivedItem 5.A over advisors
- Advisors per office
- 2.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +12%derivedbetween the last two annual amendments
- Advisor growth, one year
- +33%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +6.6%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Firms absorbed, 24 months
- 1derivedhalf or more of a firm's advisors moved here within 14 days
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$621M88%
- Individuals$49.7M7.0%
- Pension and profit-sharing plans$35.5M5.0%
- Charitable organizations$3.5M0.5%
- Individual clients
- 189reported
- HNW clients
- 196reported
- Pension plan clients
- 14reported
- Charitable clients
- 3reported
- Accounts
- 1,477reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.95 fund_share=0.0 institutional_share=0.05 related_bd=false related_bank=false bd_reps=4.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M••••••• K••••••••Certified Financial Planner | Minnetonka, Mn | Sep 5, 2024 | 20 y | 3 |
| R••••• A••• B••••Certified Financial Planner | Minnetonka, Mn | Sep 5, 2024 | 44 y | 2 |
| B••••••• B•••• | Naples, Fl | Apr 25, 2025 | 32 y | 2 |
| D•••• W•••• | Minnetonka, Mn | Nov 11, 2025 | 10 y | 0 |
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
- B••••••• B•••• from B•••• C••• G••••• L•••Apr 25, 2025 · Other
- R••••• A••• B•••• from B•••• C••• G••••• L•••Sep 5, 2024 · Other
- M••••••• K•••••••• from B•••• C••• G••••• L•••Sep 5, 2024 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from B•••• C••• G••••• L•••Nov 1, 2024 · Minneapolis, Mn · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B••••• R•••••• A••• · President And Vice Presidentcontrolsince 01/2024 · owns 75% or more
- K•••••• J•••••••• A••• · Chief Compliance Officer/Managing Directorcontrolsince 01/2024 · owns less than 5%
- P••••••• A••••••• B••• · Director Of Operationscontrolsince 01/2024 · owns less than 5%
Related persons
Schedule D 7.A
- B•••• C••• G••••• L•••investment advisern
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Minnetonka, Mn · principal | 4 | 1 | 0 | ||
| Naples, Fl | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Edina, MN2 employees
- , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- HNW share shiftChange between filings · filing Mar 5, 2026HNW share of RAUM moved from 71.0% to 88.0% between the annual amendments of 2025-04-24 and 2026-03-05peers: independent wealth managers, $500M to $1B (1,482)
What changed
consecutive filings, newest first
- Accounts · 1,503 to 1,477Apr 24, 2025 to Mar 5, 2026
- BD registered reps · 7 to 4Apr 24, 2025 to Mar 5, 2026
- Charity clients · 2 to 3Apr 24, 2025 to Mar 5, 2026
- Corporate clients · 8.0 to unsetApr 24, 2025 to Mar 5, 2026
- HNW clients · 86 to 196Apr 24, 2025 to Mar 5, 2026
- Individual clients · 275 to 189Apr 24, 2025 to Mar 5, 2026
- Pension plan clients · 4 to 14Apr 24, 2025 to Mar 5, 2026
- State-registered IARs · 3 to 4Apr 24, 2025 to Mar 5, 2026
- Other offices · 2 to 1Apr 24, 2025 to Mar 5, 2026
- Discretionary RAUM · $506M to $605MApr 24, 2025 to Mar 5, 2026
- HNW RAUM · $451M to $621MApr 24, 2025 to Mar 5, 2026
- Individual RAUM · $159M to $49.7MApr 24, 2025 to Mar 5, 2026
- Non-discretionary RAUM · $127M to $105MApr 24, 2025 to Mar 5, 2026
- Pension RAUM · $13.1M to $35.5MApr 24, 2025 to Mar 5, 2026
- RAUM · $633M to $710MApr 24, 2025 to Mar 5, 2026
- Accounts · 1,177 to 1,503Jan 21, 2025 to Apr 24, 2025
- Charity clients · 1 to 2Jan 21, 2025 to Apr 24, 2025
- Corporate clients · 6 to 8Jan 21, 2025 to Apr 24, 2025
- HNW clients · 84 to 86Jan 21, 2025 to Apr 24, 2025
- Individual clients · 281 to 275Jan 21, 2025 to Apr 24, 2025
- Insurance-licensed employees · 3 to 0Jan 21, 2025 to Apr 24, 2025
- Financial planning clients · 101-250 to 101-250Jan 21, 2025 to Apr 24, 2025
- HQ city · MINNEAPOLIS to MINNETONKAJan 21, 2025 to Apr 24, 2025
- Discretionary RAUM · $538M to $506MJan 21, 2025 to Apr 24, 2025
- HNW RAUM · $446M to $451MJan 21, 2025 to Apr 24, 2025
- Individual RAUM · $160M to $159MJan 21, 2025 to Apr 24, 2025
- Non-discretionary RAUM · $85.4M to $127MJan 21, 2025 to Apr 24, 2025
- Pension RAUM · $13.3M to $13.1MJan 21, 2025 to Apr 24, 2025
- RAUM · $623M to $633MJan 21, 2025 to Apr 24, 2025
- Related adviser · true to falseJan 21, 2025 to Apr 24, 2025
- Accounts · 0 to 1,177Aug 12, 2024 to Dec 11, 2024
- Charity clients · unset to 1.0Aug 12, 2024 to Dec 11, 2024
- Corporate clients · unset to 6.0Aug 12, 2024 to Dec 11, 2024
- HNW clients · unset to 84.0Aug 12, 2024 to Dec 11, 2024
- Individual clients · unset to 281.0Aug 12, 2024 to Dec 11, 2024
- Pension plan clients · unset to 4.0Aug 12, 2024 to Dec 11, 2024
- Financial planning clients · 0 to 101-250Aug 12, 2024 to Dec 11, 2024
- Discretionary RAUM · $0 to $538MAug 12, 2024 to Dec 11, 2024
- HNW RAUM · unset to 445776175.0Aug 12, 2024 to Dec 11, 2024
- Individual RAUM · unset to 160433774.0Aug 12, 2024 to Dec 11, 2024
Signals
3 dated events
- B•••• C••• G••••• L•••'s advisors moved to N•••••• W••••• M••••••••• I••• (Minneapolis, MN): 3 of 4 registered, on the same dayNov 1, 2024 · Firm absorbed (people side) · derived
- Beth Allyson Pearson (Director Of Operations) appeared on Schedule A of N•••••• W••••• M••••••••• I•••Aug 12, 2024 · Control person joined · fact
- N•••••• W••••• M••••••••• I••• filed its initial SEC registration (Form ADV)Jul 30, 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 email
- k•••••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- a•••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- j••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- j•••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- m••••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- m•••••••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- s••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- z••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 612-315-2400reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 612-315-2432reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- n•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 612-315-2400reportedpublic record, Form ADV, Mar 5, 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
- $177Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026