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

Willow Creek Capital Management, Inc.

Independent wealth managerMissoula, MontanaCRD 333911SEC 801-134896websiteIAPD
Latest filing Aug 26, 2026
First filing on the tape Dec 16, 2024 · 9 filings
SEC status approved since Dec 9, 2025
RAUM
$280M
reported, Item 5.F
Discretionary
83%
of RAUM
Private clients
92%
$256M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$93.3M
derived; firm RAUM over IAPD count
Employees
4
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$280M as of Aug 26, 2026
Jan 30, 2025$0 then
HNW client RAUM$182M as of Aug 26, 2026
Apr 16, 2026$182M then
State-registered IARs (5.B.3)3 as of Aug 26, 2026
Jan 30, 20253 then
Employees (5.A)4 as of Aug 26, 2026
Jan 30, 20253 then
Private funds: no history
RAUM n/a over the last fiscal yearIARs 3 to 3
Practice profile
derived from the filing of Aug 26, 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
  • 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
$93.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
132derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.9MderivedHNW RAUM over HNW clients
Average account
$649,723derivedRAUM over accounts (5.F.2.f)
Discretionary
83%derivedof RAUM
Institutional
8.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, pension consultingreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$182M65%
  • Individuals$74.3M27%
  • Pension and profit-sharing plans$21.6M7.7%
  • Charitable organizations$1.8M0.6%
  • Corporations and businesses$150,6060.1%
Individual clients
299reported
HNW clients
98reported
Pension plan clients
7reported
Charitable clients
5reported
Accounts
431reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.92 fund_share=0.0 institutional_share=0.08 related_bd=false related_bank=false bd_reps=4.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
David Anthony WeberMissoula, MtDec 9, 202522 y4
Susan Ann EstepMissoula, MtDec 9, 202539 y4
Lucas Lambros DuffyMissoula, MtFeb 16, 202612 y0
Advisor movement
1 left, 3 joined in 12 months
net +2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 33% of current headcount1 left over 36 months
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Ann Susan Estep · Managing Partner And Presidentcontrol
      since 08/2019 · owns 50% to 75%
    • Anthony David Weber · Managing Partner, Vice President, Chief Compliance Officercontrol
      since 08/2019 · owns 25% to 50%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Missoula, Mt · principal331
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 0 to 431
      Mar 16, 2026 to Apr 16, 2026
    • Charity clients · unset to 5.0
      Mar 16, 2026 to Apr 16, 2026
    • Corporate clients · unset to 4.0
      Mar 16, 2026 to Apr 16, 2026
    • HNW clients · unset to 98.0
      Mar 16, 2026 to Apr 16, 2026
    • Individual clients · unset to 299.0
      Mar 16, 2026 to Apr 16, 2026
    • Pension plan clients · unset to 7.0
      Mar 16, 2026 to Apr 16, 2026
    • Discretionary RAUM · $0 to $232M
      Mar 16, 2026 to Apr 16, 2026
    • HNW RAUM · unset to 182134391.0
      Mar 16, 2026 to Apr 16, 2026
    • Individual RAUM · unset to 74349644.0
      Mar 16, 2026 to Apr 16, 2026
    • Non-discretionary RAUM · $0 to $48.0M
      Mar 16, 2026 to Apr 16, 2026
    • Pension RAUM · unset to 21641435.0
      Mar 16, 2026 to Apr 16, 2026
    • RAUM · $0 to $280M
      Mar 16, 2026 to Apr 16, 2026
    • State-registered IARs · 4 to 3
      Feb 2, 2026 to Mar 16, 2026
    • Legal name · ESTEP, GEETING, AND WEBER CAPITAL MANAGEMENT,INC. to WILLOW CREEK CAPITAL MANAGEMENT, INC.
      Feb 2, 2026 to Mar 16, 2026
    • Advisory employees · 3 to 4
      Jan 30, 2025 to Nov 5, 2025
    • BD registered reps · 0 to 4
      Jan 30, 2025 to Nov 5, 2025
    • Employees · 3 to 4
      Jan 30, 2025 to Nov 5, 2025
    • Financial planning clients · unset to
      Jan 30, 2025 to Nov 5, 2025
    • State-registered IARs · 3 to 4
      Jan 30, 2025 to Nov 5, 2025
    • Advisory employees · 4 to 3
      Dec 16, 2024 to Jan 30, 2025
    • Employees · 4 to 3
      Dec 16, 2024 to Jan 30, 2025
    • State-registered IARs · 4 to 3
      Dec 16, 2024 to Jan 30, 2025
    Signals
    4 dated events
    • 2 advisors left Raymond James Financial Services Advisors, Inc (Missoula, MT) for Willow Creek Capital Management, Inc. on the same day
      Apr 2, 2026 · Team lift-out · derived
    • Sarah Marie Stubbs left Willow Creek Capital Management, Inc. for Merrill Lynch, Pierce, Fenner & Smith Incorporated (registered 2026-01-16)
      Dec 19, 2025 · Advisor changed firm · fact
    • Willow Creek Capital Management, Inc. no longer on the SEC adviser roster (last listed 2025-02-03)
      Mar 6, 2025 · Left the SEC roster · derived
    • Willow Creek Capital Management, Inc. filed its initial SEC registration (Form ADV)
      Dec 16, 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
    Principal office phone
    406-830-3286reportedpublic record, Form ADV, Aug 26, 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
    $93.3Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026