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
Echelon Group
Legal name Echelon Group, Inc.
Latest filing Jun 22, 2026
First filing on the tape Sep 4, 2024 · 7 filings
SEC status approved since Oct 8, 2024
RAUM
$265M
reported, Item 5.F
Discretionary
65%
of RAUM
Private clients
20%
$52.5M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$53.0M
derived; firm RAUM over IAPD count
Employees
5
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$265M as of Jun 22, 2026
Jan 16, 2025$102M then
HNW client RAUM$31.2M as of Jun 22, 2026
Jan 16, 2025$28.6M then
State-registered IARs (5.B.3)5 as of Jun 22, 2026
Jan 16, 20254 then
Employees (5.A)5 as of Jun 22, 2026
Jan 16, 20256 then
Private funds: no history
RAUM +160% over the last fiscal yearIARs 4 to 5
Practice profile
derived from the filing of Jun 22, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- RAUM per advisor
- $53.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 17derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.2MderivedHNW RAUM over HNW clients
- Average account
- $1.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 65%derivedof RAUM
- Institutional
- 79%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 5.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +160%derivedbetween the last two annual amendments
- Advisor growth, one year
- +25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +31%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, educational seminarsreportedItem 5.G
- Custody
- $22.6M, 59 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$209M79%
- High-net-worth individuals$31.2M12%
- Individuals$21.2M8.0%
- Corporations and businesses$2.4M0.9%
- State and municipal entities$1.3M0.5%
- Individual clients
- 71reported
- HNW clients
- 14reported
- Pension plan clients
- 26reported
- Charitable clients
- n/areported
- Accounts
- 247reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $22.6M for 59 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.2 fund_share=0.0 institutional_share=0.79 related_bd=true related_bank=false bd_reps=2.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Nolan Lewis King | Boise, Id | Nov 7, 2024 | 12 y | 0 |
| Donald Lee ReimanCertified Financial Planner, Chartered Financial Consultant | Boise, Id | Nov 7, 2024 | 39 y | 3 |
| Elizabeth Rose Langley | Boise, Id | Nov 12, 2024 | 10 y | 2 |
| Dallas Wade Fagen | Boise, Id | Feb 18, 2026 | 18 y | 2 |
| Jacob Kyle Ramirez | Boise, Id | Mar 4, 2026 | 11 y | 1 |
Advisor movement
1 left, 2 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 20% of current headcount1 left over 36 months
Left, latest
- Riley W Mckenzie to Freedom Fiduciaries LLCMar 10, 2026 · Other
Joined, latest
- Jacob Kyle Ramirez from Wells Fargo AdvisorsMar 4, 2026 · Wirehouse to independent RIA
- Dallas Wade Fagen from Osaic Wealth, Inc.Feb 18, 2026 · Affiliated broker-dealer or bank to independent RIA
- Elizabeth Rose Langley from Arbor Point AdvisorsNov 12, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- Donald Lee Reiman from Arbor Point AdvisorsNov 7, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- Riley W Mckenzie from Arbor Point AdvisorsNov 7, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from Arbor Point AdvisorsNov 8, 2024 · Boise, Id
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Rose Elizabeth Langley · Ccocontrolsince 09/2024 · owns less than 5%
- Lee Donald Reiman · Ownercontrolsince 09/2024 · 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 |
|---|---|---|---|---|---|
| Boise, Id · principal | 5 | 2 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
6 against comparable advisers; where to look, not conclusions
- wealth to institutional shiftCombination · filing Apr 30, 2026private-client share fell 15 points or more while institutional share rose 15 points or more. RAUM $102,105,746 to $265,200,867, advisors 4 to 5, private clients 65 to 85, offices 0 to 0 (2025-01-16 to 2026-04-30)peers: other advisers, $100M to $500M (212)
- client mix shiftChange between filings · filing Apr 30, 2026private-client share of RAUM moved from 44.0% to 20.0% between the annual amendments of 2025-01-16 and 2026-04-30peers: other advisers, $100M to $500M (212)
- discretionary share shiftChange between filings · filing Apr 30, 2026discretionary share of RAUM moved from 100.0% to 65.0% between the annual amendments of 2025-01-16 and 2026-04-30peers: other advisers, $100M to $500M (212)
- HNW share shiftChange between filings · filing Apr 30, 2026HNW share of RAUM moved from 28.0% to 12.0% between the annual amendments of 2025-01-16 and 2026-04-30peers: other advisers, $100M to $500M (212)
- institutional asset share shiftChange between filings · filing Apr 30, 2026institutional share of RAUM moved from 0.0% to 80.0% between the annual amendments of 2025-01-16 and 2026-04-30peers: other advisers, $100M to $500M (212)
- RAUM up 50 %Change between filings · filing Apr 30, 2026RAUM (Item 5.F) moved from $102,105,746 to $265,200,867 (+160.0%) between the annual amendments of 2025-01-16 and 2026-04-30; the peer median change was +8.0% (161 comparable advisers, 99.0th percentile of changes)peers: other advisers, $100M to $500M (161) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 174 to 247Jul 14, 2025 to Apr 30, 2026
- Advisory employees · 4 to 5Jul 14, 2025 to Apr 30, 2026
- Advisory activities · 3 to 4Jul 14, 2025 to Apr 30, 2026
- BD registered reps · 0 to 2Jul 14, 2025 to Apr 30, 2026
- Corporate clients · unset to 3.0Jul 14, 2025 to Apr 30, 2026
- HNW clients · 16 to 14Jul 14, 2025 to Apr 30, 2026
- Individual clients · 49 to 71Jul 14, 2025 to Apr 30, 2026
- Pension plan clients · unset to 26.0Jul 14, 2025 to Apr 30, 2026
- Assets in custody · $6.3M to $22.6MJul 14, 2025 to Apr 30, 2026
- Employees · 6 to 5Jul 14, 2025 to Apr 30, 2026
- Insurance-licensed employees · 0 to 2Jul 14, 2025 to Apr 30, 2026
- State-registered IARs · 4 to 5Jul 14, 2025 to Apr 30, 2026
- Discretionary RAUM · $102M to $173MJul 14, 2025 to Apr 30, 2026
- HNW RAUM · $28.6M to $31.2MJul 14, 2025 to Apr 30, 2026
- Individual RAUM · $16.8M to $21.2MJul 14, 2025 to Apr 30, 2026
- Non-discretionary RAUM · $0 to $92.4MJul 14, 2025 to Apr 30, 2026
- Pension RAUM · unset to 209046476.0Jul 14, 2025 to Apr 30, 2026
- RAUM · $102M to $265MJul 14, 2025 to Apr 30, 2026
- Related broker-dealer · false to trueJul 14, 2025 to Apr 30, 2026
- Financial planning clients · 0 to 0Jan 16, 2025 to Jul 14, 2025
- Accounts · 0 to 174Nov 7, 2024 to Jan 16, 2025
- Advisory employees · 3 to 4Nov 7, 2024 to Jan 16, 2025
- HNW clients · unset to 16.0Nov 7, 2024 to Jan 16, 2025
- Individual clients · unset to 49.0Nov 7, 2024 to Jan 16, 2025
- Assets in custody · unset to 6261526.0Nov 7, 2024 to Jan 16, 2025
- Custody of client assets · false to trueNov 7, 2024 to Jan 16, 2025
- State-registered IARs · 3 to 4Nov 7, 2024 to Jan 16, 2025
- Discretionary RAUM · $0 to $102MNov 7, 2024 to Jan 16, 2025
- HNW RAUM · unset to 28618265.0Nov 7, 2024 to Jan 16, 2025
- Individual RAUM · unset to 16797477.0Nov 7, 2024 to Jan 16, 2025
- RAUM · $0 to $102MNov 7, 2024 to Jan 16, 2025
Signals
4 dated events
- Echelon Group reported RAUM $265.2M, up 160% from $102.1M (2025-07-14 to 2026-04-30)Apr 30, 2026 · RAUM change · derived
- Riley W Mckenzie left Echelon Group for Freedom Fiduciaries Llc (registered 2026-03-18)Mar 10, 2026 · Advisor changed firm · fact
- 3 advisors left Arbor Point Advisors (Boise, ID) for Echelon Group on the same dayNov 8, 2024 · Team lift-out · derived
- Echelon Group filed its initial SEC registration (Form ADV)Sep 4, 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
- Firm profile
- linkedin.com/company/echelon-group-increportedpublic record, Form ADV, Sep 17, 2026
- Website
- echelongroup.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 208-345-9944reportedpublic record, Form ADV, Jun 22, 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
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $53.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026