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
4:8 Financial
Legal name Carlson Financial, Inc.
Latest filing Apr 8, 2026
First filing on the tape Aug 4, 2025 · 6 filings
SEC status approved since Aug 1, 2025
RAUM
$318M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
94%
$300M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$79.5M
derived; firm RAUM over IAPD count
Employees
8
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
6 filings and snapshots on the tape
RAUM$318M as of Apr 8, 2026
Aug 4, 2025$0 then
HNW client RAUM$144M as of Apr 8, 2026
Oct 28, 2025$144M then
State-registered IARs (5.B.3)4 as of Apr 8, 2026
Aug 4, 20251 then
Employees (5.A)8 as of Apr 8, 2026
Aug 4, 20251 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Apr 8, 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
- $79.5MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 205derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.1MderivedHNW RAUM over HNW clients
- Average account
- $168,764derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 5.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$156M49%
- High-net-worth individuals$144M45%
- Pension and profit-sharing plans$17.5M5.5%
- Corporations and businesses$508,0000.2%
- Charitable organizations$257,0000.1%
- Individual clients
- 752reported
- HNW clients
- 69reported
- Pension plan clients
- 6reported
- Charitable clients
- 3reported
- Accounts
- 1,884reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- $0 sponsored, $318M managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.94 fund_share=0.0 institutional_share=0.06 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Colin Brant Allen Maulding | Canby, Or | Aug 8, 2025 | 16 y | 2 |
| Paul Stevens Carlson | Canby, Or | Aug 14, 2025 | 25 y | 1 |
| Asher Stevens Carlson | Canby, Or | Aug 14, 2025 | 11 y | 1 |
| Lucas Navallo Santiago | Canby, Or | Jan 29, 2026 | 12 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
- Paul Stevens Carlson from Financial Advocates Investment ManagementAug 14, 2025 · RIA to a newly registered adviser
- Asher Stevens Carlson from Financial Advocates Investment ManagementAug 14, 2025 · RIA to a newly registered adviser
- Colin Brant Allen Maulding from Financial Advocates Investment ManagementAug 8, 2025 · RIA to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Financial Advocates Investment ManagementOct 23, 2025 · Canby, Or
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
No Schedule A on the extract for this adviser.
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 |
|---|---|---|---|---|---|
| Canby, Or · principal | 4 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,788 to 1,884Feb 24, 2026 to Mar 25, 2026
- Advisory employees · 3 to 4Feb 24, 2026 to Mar 25, 2026
- Charity clients · 2 to 3Feb 24, 2026 to Mar 25, 2026
- Corporate clients · unset to 4.0Feb 24, 2026 to Mar 25, 2026
- HNW clients · 78 to 69Feb 24, 2026 to Mar 25, 2026
- Individual clients · 743 to 752Feb 24, 2026 to Mar 25, 2026
- Pension plan clients · 1 to 6Feb 24, 2026 to Mar 25, 2026
- Employees · 3 to 8Feb 24, 2026 to Mar 25, 2026
- State-registered IARs · 3 to 4Feb 24, 2026 to Mar 25, 2026
- Discretionary RAUM · $299M to $318MFeb 24, 2026 to Mar 25, 2026
- HNW RAUM · $144M to $144MFeb 24, 2026 to Mar 25, 2026
- Individual RAUM · $155M to $156MFeb 24, 2026 to Mar 25, 2026
- Non-discretionary RAUM · $2.1M to $0Feb 24, 2026 to Mar 25, 2026
- Pension RAUM · $2.0M to $17.5MFeb 24, 2026 to Mar 25, 2026
- RAUM · $301M to $318MFeb 24, 2026 to Mar 25, 2026
- Wrap assets (manager) · $298M to $318MFeb 24, 2026 to Mar 25, 2026
- Advisory employees · 1 to 3Oct 28, 2025 to Dec 5, 2025
- BD registered reps · 1 to 0Oct 28, 2025 to Dec 5, 2025
- Employees · 2 to 3Oct 28, 2025 to Dec 5, 2025
- State-registered IARs · 1 to 3Oct 28, 2025 to Dec 5, 2025
- Accounts · 0 to 1,788Aug 4, 2025 to Oct 28, 2025
- Charity clients · unset to 2.0Aug 4, 2025 to Oct 28, 2025
- HNW clients · unset to 78.0Aug 4, 2025 to Oct 28, 2025
- Individual clients · unset to 743.0Aug 4, 2025 to Oct 28, 2025
- Pension plan clients · unset to 1.0Aug 4, 2025 to Oct 28, 2025
- Employees · 1 to 2Aug 4, 2025 to Oct 28, 2025
- Financial planning clients · 0 to 26-50Aug 4, 2025 to Oct 28, 2025
- Discretionary RAUM · $0 to $299MAug 4, 2025 to Oct 28, 2025
- HNW RAUM · unset to 144000000.0Aug 4, 2025 to Oct 28, 2025
- Individual RAUM · unset to 154787159.0Aug 4, 2025 to Oct 28, 2025
- Non-discretionary RAUM · $0 to $2.1MAug 4, 2025 to Oct 28, 2025
- Pension RAUM · unset to 2000000.0Aug 4, 2025 to Oct 28, 2025
- RAUM · $0 to $301MAug 4, 2025 to Oct 28, 2025
- Wrap assets (manager) · $0 to $298MAug 4, 2025 to Oct 28, 2025
Signals
1 dated events
- 2 advisors left Financial Advocates Investment Management (Canby, OR) for 4:8 Financial on the same dayOct 23, 2025 · Team lift-out · derived
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
- contact@48financial.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- adrianne@48financial.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- kara@48financial.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- sherrie@48financial.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- stef@48financial.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- stephanie@48financial.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 503-266-4840reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 503-266-4848reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- 48FINANCIAL.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 503-266-4848reportedpublic record, Form ADV, Apr 8, 2026
- Team page
- 48FINANCIAL.COM/teamreportedpublished 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
- $79.5Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026