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
L•••••• • A••••••••• L••
Latest filing Aug 27, 2026
First filing on the tape Oct 3, 2025 · 4 filings
SEC status approved since Sep 8, 2025
RAUM
$248M
reported, Item 5.F
Discretionary
90%
of RAUM
Private clients
90%
$222M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$82.7M
derived; firm RAUM over IAPD count
Employees
6
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
4 filings and snapshots on the tape
RAUM$248M as of Aug 27, 2026
Oct 3, 2025$0 then
HNW client RAUM$120M as of Aug 27, 2026
Jan 6, 2026$120M then
State-registered IARs (5.B.3)3 as of Aug 27, 2026
Oct 3, 20251 then
Employees (5.A)6 as of Aug 27, 2026
Oct 3, 20253 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Aug 27, 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
- $82.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 157derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.2MderivedHNW RAUM over HNW clients
- Average account
- $187,995derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 90%derivedof RAUM
- Institutional
- 10%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 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
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $63.6M, 185 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$120M48%
- Individuals$103M41%
- Pension and profit-sharing plans$25.8M10%
- Individual clients
- 415reported
- HNW clients
- 55reported
- Pension plan clients
- 12reported
- Charitable clients
- n/areported
- Accounts
- 1,320reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $63.6M for 185 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.9 fund_share=0.0 institutional_share=0.1 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| A••••• B•••• L•••••• | Adell, Wi | Sep 18, 2025 | 12 y | 2 |
| C••• J• D••••• | Adell, Wi | Jan 14, 2026 | 12 y | 2 |
| R••••• B••••••• L•••••• | Adell, Wi | Feb 8, 2026 | 39 y | 2 |
Advisor movement
0 left, 3 joined in 12 months
net +3 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
- R••••• B••••••• L•••••• from C••••••••• F•••••••• N••••••Feb 8, 2026 · Affiliated broker-dealer or bank to independent RIA
- C••• J• D••••• from C••••••••• F•••••••• N••••••Jan 14, 2026 · Affiliated broker-dealer or bank to independent RIA
- A••••• B•••• L•••••• from C••••••••• F•••••••• N••••••Sep 18, 2025 · 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 C••••••••• F•••••••• N••••••Oct 1, 2025 · Adell, Wi
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 |
|---|---|---|---|---|---|
| Adell, Wi | 3 | 3 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- custody status changedChange between filings · filing Aug 27, 2026custody of client assets (Item 9.A): no on the filing of 2026-07-01, yes on the filing of 2026-08-27peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Advisory employees · 1 to 3Jul 1, 2026 to Aug 27, 2026
- Business name · L•••••• • A••••••••• to L•••••• • A••••••••• L••Jul 1, 2026 to Aug 27, 2026
- Assets in custody · unset to 63576232.0Jul 1, 2026 to Aug 27, 2026
- Custody of client assets · false to trueJul 1, 2026 to Aug 27, 2026
- Employees · 5 to 6Jul 1, 2026 to Aug 27, 2026
- State-registered IARs · 1 to 3Jul 1, 2026 to Aug 27, 2026
- Accounts · 0 to 1,320Oct 3, 2025 to Jan 6, 2026
- HNW clients · unset to 55.0Oct 3, 2025 to Jan 6, 2026
- Individual clients · unset to 415.0Oct 3, 2025 to Jan 6, 2026
- Pension plan clients · unset to 12.0Oct 3, 2025 to Jan 6, 2026
- Employees · 3 to 5Oct 3, 2025 to Jan 6, 2026
- HQ city · ADELL to Oct 3, 2025 to Jan 6, 2026
- HQ state · WI to Oct 3, 2025 to Jan 6, 2026
- Discretionary RAUM · $0 to $222MOct 3, 2025 to Jan 6, 2026
- HNW RAUM · unset to 119752802.0Oct 3, 2025 to Jan 6, 2026
- Individual RAUM · unset to 102599507.0Oct 3, 2025 to Jan 6, 2026
- Non-discretionary RAUM · $0 to $25.8MOct 3, 2025 to Jan 6, 2026
- Pension RAUM · unset to 25800707.0Oct 3, 2025 to Jan 6, 2026
- RAUM · $0 to $248MOct 3, 2025 to Jan 6, 2026
Signals
1 dated events
- 2 advisors left C••••••••• F•••••••• N•••••• (Adell, WI) for L•••••• • A••••••••• L•• on the same dayOct 1, 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
- Principal office phone
- 262-626-4783reportedpublic record, Form ADV, Aug 27, 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
- $82.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026