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

The Oak Ridge Financial Services Group, Inc

Independent wealth managerGolden Valley, MinnesotaCRD 42941SEC 801-80809websiteIAPD
Latest filing Dec 23, 2025
First filing on the tape Dec 23, 2014 · 45 filings
SEC status approved since Jan 15, 2015
RAUM
$669M
reported, Item 5.F
Discretionary
20%
of RAUM
Private clients
99%
$659M individuals and HNW
Advisors
33
registered through the firm on IAPD
RAUM per advisor
$20.3M
derived; firm RAUM over IAPD count
Employees
57
32 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
45 filings and snapshots on the tape
RAUM$669M as of Dec 23, 2025
Dec 28, 2015$151M then
HNW client RAUM$392M as of Dec 23, 2025
Dec 22, 2017$54.9M then
State-registered IARs (5.B.3)32 as of Dec 23, 2025
Dec 28, 201526 then
Employees (5.A)57 as of Dec 23, 2025
Dec 28, 201556 then
Private funds: no history
RAUM +62% over the last fiscal year+17% a year over threeIARs 30 to 32
Practice profile
derived from the filing of Dec 23, 2025; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
RAUM per advisor
$20.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
30derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.5MderivedHNW RAUM over HNW clients
Average account
$445,721derivedRAUM over accounts (5.F.2.f)
Discretionary
20%derivedof RAUM
Institutional
0.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
16.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+10%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+11%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
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
  • is a broker-dealer (6.A.1)
  • is an insurance broker or agent (6.A.6)
  • 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$392M59%
  • Individuals$268M40%
  • Charitable organizations$6.0M0.9%
  • Corporations and businesses$3.3M0.5%
Individual clients
836reported
HNW clients
158reported
Pension plan clients
n/areported
Charitable clients
6reported
Accounts
1,500reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=true related_bank=false bd_reps=32.0derived
Advisors registered through the firm
33 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Scott William RickfordGolden Valley, MnAug 7, 200631 y0
Paula Tesch OlsonGolden Valley, MnAug 24, 201136 y0
Larissa Marie Pettit StentzGolden Valley, MnMar 2, 201230 y1
Cynthia Kay RostGolden Valley, MnMar 2, 201244 y1
Jon Erving BergGolden Valley, MnMar 13, 201332 y0
Hugh James DillonGolden Valley, MnSep 6, 201339 y0
William Frederick SteinbauerGolden Valley, MnJan 24, 201439 y0
Lawrence Thomas HauskinsGolden Valley, MnJan 24, 201414 y0
Robert Bruce OverbyGolden Valley, MnJan 24, 201440 y0
Lori Ann BaleGolden Valley, MnJun 9, 201522 y0
Douglas Everett OllilaGolden Valley, MnMar 25, 201643 y1
Patrick Neal LundyCertified Financial PlannerGolden Valley, Mn May 12, 201638 y2
James David KallstromGolden Valley, MnFeb 5, 201732 y0
Ryan Charles McenerneyFrisco, Tx Feb 21, 201730 y0
Jeffrey Thomas RathmannerCertified Financial PlannerGolden Valley, MnMay 15, 201732 y1
Savino Joseph RanalloGolden Valley, MnFeb 2, 201844 y0
David Jay GoldenbergGolden Valley, MnSep 18, 201830 y3
David Kallman PatonWoodbury, MnJan 24, 201938 y1
Michael J SchumacherGolden Valley, MnJul 10, 201911 y2
Steven Francis KittayGolden Valley, MnMar 30, 202245 y1
Blake Montgomery WeimerGolden Valley, MnJun 30, 202212 y0
Peter Christopher KingGolden Valley, MnJul 29, 202240 y1
David Harold FinchGolden Valley, MnNov 14, 202227 y2
Thomas J KiriharaGolden Valley, MnDec 19, 202215 y2
Daniel Wayne SteffesGolden Valley, MnJun 5, 202326 y3
Erle Bean SavageGolden Valley, MnSep 1, 202324 y2
William M AdamsonGolden Valley, MnFeb 2, 202411 y2
Robert Raymond BoucherGolden Valley, MnApr 29, 202437 y2
Brandon James CowanGolden Valley, MnJan 20, 202512 y0
Christopher Allen NelsonGolden Valley, MnAug 19, 202529 y0
Amy M LeumaGolden Valley, MnFeb 12, 202616 y4
Derek Scott MccreadyGolden Valley, MnMar 2, 202612 y1
Samantha Jean NelsonGolden Valley, MnApr 7, 202610 y1
Advisor movement
2 left, 3 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 6.1% of current headcount3 left over 36 months
Left, latest
Joined, latest
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
    • Steven Arthur Henriksen · Svp, Chief Compliance Officercontrol
      since 06/2024 · owns less than 5%
    • Russell Stuart King · Chairman, Ceo & Directorcontrol
      since 02/2016 · owns less than 5%
    • Lisa Ann Newman · Evp, Cfo, Directorcontrol
      since 09/2008 · owns less than 5%
    • Olga Rip · Finopcontrol
      since 08/2024 · owns less than 5%
    • Julie Ann Macy Rumble · Vp, Operations Managercontrol
      since 08/2020 · owns less than 5%
    • Sarah Marie Wisniewski · Senior Vice President/Chief Risk Officercontrol
      since 06/2024 · owns less than 5%
    • Russell Stuart King · Shareholder Common
      since 06/2015 · owns 50% to 75% of Oak Ridge Acquisition Corporation
    Entity owners
    • Oak Ridge Acquisition Corporation · Corporate Owner
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    Advisers that list The Oak Ridge Financial Services Group, Inc as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Golden Valley, Mn · principal3232
    Woodbury, Mn200
    Offices
    Schedule D 1.F, the 25 largest
    • Woodbury, MN3 employees
    What changed
    consecutive filings, newest first
    • Accounts · 1,501 to 1,500
      Nov 18, 2025 to Dec 23, 2025
    • Advisory employees · 30 to 32
      Nov 18, 2025 to Dec 23, 2025
    • BD registered reps · 30 to 32
      Nov 18, 2025 to Dec 23, 2025
    • Charity clients · unset to 6.0
      Nov 18, 2025 to Dec 23, 2025
    • Corporate clients · unset to 5.0
      Nov 18, 2025 to Dec 23, 2025
    • HNW clients · 96 to 158
      Nov 18, 2025 to Dec 23, 2025
    • Individual clients · 1,405 to 836
      Nov 18, 2025 to Dec 23, 2025
    • Employees · 60 to 57
      Nov 18, 2025 to Dec 23, 2025
    • State-registered IARs · 30 to 32
      Nov 18, 2025 to Dec 23, 2025
    • Discretionary RAUM · $65.4M to $131M
      Nov 18, 2025 to Dec 23, 2025
    • HNW RAUM · $205M to $392M
      Nov 18, 2025 to Dec 23, 2025
    • Individual RAUM · $251M to $268M
      Nov 18, 2025 to Dec 23, 2025
    • Non-discretionary RAUM · $391M to $537M
      Nov 18, 2025 to Dec 23, 2025
    • RAUM · $456M to $669M
      Nov 18, 2025 to Dec 23, 2025
    • Financial planning clients · 1-10 to 1-10
      Feb 20, 2025 to Mar 13, 2025
    • Accounts · 1,349 to 1,501
      Nov 1, 2024 to Dec 16, 2024
    • BD registered reps · 39 to 30
      Nov 1, 2024 to Dec 16, 2024
    • HNW clients · 72 to 96
      Nov 1, 2024 to Dec 16, 2024
    • Individual clients · 1,277 to 1,405
      Nov 1, 2024 to Dec 16, 2024
    • Discretionary RAUM · $93.6M to $65.4M
      Nov 1, 2024 to Dec 16, 2024
    • HNW RAUM · $130M to $205M
      Nov 1, 2024 to Dec 16, 2024
    • Individual RAUM · $283M to $251M
      Nov 1, 2024 to Dec 16, 2024
    • Non-discretionary RAUM · $320M to $391M
      Nov 1, 2024 to Dec 16, 2024
    • RAUM · $414M to $456M
      Nov 1, 2024 to Dec 16, 2024
    • Accounts · 1,205 to 1,349
      Oct 24, 2023 to Dec 8, 2023
    • Advisory employees · 31 to 30
      Oct 24, 2023 to Dec 8, 2023
    • BD registered reps · 57 to 39
      Oct 24, 2023 to Dec 8, 2023
    • HNW clients · 301 to 72
      Oct 24, 2023 to Dec 8, 2023
    • Individual clients · 904 to 1,277
      Oct 24, 2023 to Dec 8, 2023
    • Employees · 61 to 60
      Oct 24, 2023 to Dec 8, 2023
    • State-registered IARs · 31 to 30
      Oct 24, 2023 to Dec 8, 2023
    • Discretionary RAUM · $83.6M to $93.6M
      Oct 24, 2023 to Dec 8, 2023
    • HNW RAUM · $84.5M to $130M
      Oct 24, 2023 to Dec 8, 2023
    • Individual RAUM · $253M to $283M
      Oct 24, 2023 to Dec 8, 2023
    • Non-discretionary RAUM · $254M to $320M
      Oct 24, 2023 to Dec 8, 2023
    • RAUM · $338M to $414M
      Oct 24, 2023 to Dec 8, 2023
    • Wrap assets (manager) · 0.0 to unset
      Oct 24, 2023 to Dec 8, 2023
    • Wrap assets (sponsor) · 337981996.0 to unset
      Oct 24, 2023 to Dec 8, 2023
    • Accounts · 1,231 to 1,205
      Dec 23, 2021 to Dec 19, 2022
    • Advisory employees · 30 to 31
      Dec 23, 2021 to Dec 19, 2022
    Signals
    22 dated events
    • Lora Nickel left The Oak Ridge Financial Services Group, Inc for Wells Fargo Advisors (registered 2026-04-17)
      Feb 13, 2026 · Advisor changed firm · fact
    • The Oak Ridge Financial Services Group, Inc reported RAUM $668.6M, up 46% from $456.4M (2025-11-18 to 2025-12-23)
      Dec 23, 2025 · RAUM change · derived
    • Darin Wayne Hargreaves left The Oak Ridge Financial Services Group, Inc for Wells Fargo Advisors (registered 2025-10-03)
      Oct 3, 2025 · Advisor changed firm · fact
    • Sarah M Wisniewski left The Oak Ridge Financial Services Group, Inc for Merrill Lynch, Pierce, Fenner & Smith Incorporated (registered 2025-01-10)
      Dec 16, 2024 · Advisor changed firm · fact
    • Kael Celeste Brown (Evp, Private Client Group, Sales Manager) no longer on Schedule A of The Oak Ridge Financial Services Group, Inc (listed 2024-09-26, absent 2024-11-01)
      Nov 1, 2024 · Control person left · inference
    • Olga Rip (Finop) appeared on Schedule A of The Oak Ridge Financial Services Group, Inc
      Sep 26, 2024 · Control person joined · fact
    • Steven Arthur Henriksen (Svp, Chief Compliance Officer) appeared on Schedule A of The Oak Ridge Financial Services Group, Inc
      Jun 5, 2024 · Control person joined · fact
    • Robert Eugene Long left The Oak Ridge Financial Services Group, Inc for Van Clemens Wealth Management, Llc (registered 2023-09-14)
      Sep 14, 2023 · Advisor changed firm · fact
    • Sarah Marie Wisniewski (Chief Compliance Officer) appeared on Schedule A of The Oak Ridge Financial Services Group, Inc
      Apr 19, 2023 · Control person joined · fact
    • Bryan K Jacobsen (Chief Compliance Officer, Rop) no longer on Schedule A of The Oak Ridge Financial Services Group, Inc (listed 2023-04-17, absent 2023-04-19)
      Apr 19, 2023 · Control person left · inference
    • Thomas David Herstad (Vp, Chief Compliance Officer, Rop) no longer on Schedule A of The Oak Ridge Financial Services Group, Inc (listed 2023-02-23, absent 2023-02-28)
      Feb 28, 2023 · Control person left · inference
    • Bryan K Jacobsen (Chief Compliance Officer, Rop) appeared on Schedule A of The Oak Ridge Financial Services Group, Inc
      Feb 28, 2023 · Control person joined · fact
    • Julie Ann Macy Rumble (Vp, Operations Manager) appeared on Schedule A of The Oak Ridge Financial Services Group, Inc
      Feb 23, 2023 · Control person joined · fact
    • Courtney Leigh Cotter left The Oak Ridge Financial Services Group, Inc for Ameriprise Financial Services, Llc (registered 2023-04-10)
      Jan 25, 2023 · Advisor changed firm · fact
    • Sheri Lynn Rhyan left The Oak Ridge Financial Services Group, Inc for Wells Fargo Advisors (registered 2023-02-28)
      Jan 3, 2023 · Advisor changed firm · fact
    • Isaac Joseph Benner left The Oak Ridge Financial Services Group, Inc for Boulevard (registered 2022-11-17)
      Aug 3, 2022 · Advisor changed firm · fact
    • Timothy Peter Braun left The Oak Ridge Financial Services Group, Inc for Northland Asset Management (registered 2022-01-27)
      Jan 26, 2022 · Advisor changed firm · fact
    • The Oak Ridge Financial Services Group, Inc reported RAUM $420.5M, up 35% from $311.1M (2020-12-17 to 2021-12-23)
      Dec 23, 2021 · RAUM change · derived
    • Elizabeth S Jackson (Evp, Private Client Group, Sales Manager) no longer on Schedule A of The Oak Ridge Financial Services Group, Inc (listed 2020-06-26, absent 2020-09-16)
      Sep 16, 2020 · Control person left · inference
    • David Jeffrey Stieber (Sr Vice President, Director Of Corporate Finance-Financial Institutions) no longer on Schedule A of The Oak Ridge Financial Services Group, Inc (listed 2019-02-15, absent 2019-12-18)
      Dec 18, 2019 · Control person left · inference
    • Jacob Ira Mr Simms (Director) no longer on Schedule A of The Oak Ridge Financial Services Group, Inc (listed 2019-02-15, absent 2019-12-18)
      Dec 18, 2019 · Control person left · inference
    • The Oak Ridge Financial Services Group, Inc filed its initial SEC registration (Form ADV)
      Dec 23, 2014 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    How to reach
    public business contact points only, each with its source
    Business email
    info@oakridgefinancial.comreportedpublished by the firm, firm site, Sep 16, 2026
    Website
    OAKRIDGEFINANCIAL.COMreportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    763-923-2270reportedpublic record, Form ADV, Dec 23, 2025
    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
    $20.3Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026