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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Former SEC-registered adviser

P••••••• F•••••••• S•••••••• I•••

Former SEC-registered adviserMendota Heights, MinnesotaCRD 6751SEC 801-11036IAPD
Latest filing Mar 22, 2023
First filing on the tape Mar 29, 2012 · 17 filings
RAUM
$96.4M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$96.4M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$96.4M as of Mar 22, 2023
Mar 29, 2012$110M then
HNW client RAUM$69.0M as of Mar 22, 2023
Mar 29, 2018$52.5M then
State-registered IARs (5.B.3)1 as of Mar 22, 2023
Mar 29, 20120 then
Employees (5.A)2 as of Mar 22, 2023
Apr 1, 20132 then
Private funds: no history
RAUM -14% over the last fiscal year+0.4% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 22, 2023; every figure names its basis
RAUM per advisor
$96.4MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
184derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.6MderivedHNW RAUM over HNW clients
Average account
$192,357derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-14%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-5.2%derived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Custody
$17.4M, 40 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
  • 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)
  • has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$69.0M72%
  • Individuals$27.4M28%
  • State and municipal entities$4,3270.0%
Individual clients
141reported
HNW clients
43reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
501reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$17.4M for 40 clientsreported
Compensation
% of AUM, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • M••••• D••••• L•••••• · President-Chief Compliance Officer-Treasurercontrol
    since 03/2004 · owns 75% or more
  • C••••• M••••• D•••••• · Board Member, Secretary
    since 10/2005 · owns less than 5%
  • G••••••••• T•••• A••• · Senior Vice President
    since 06/2012 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 507 to 501
    Mar 24, 2022 to Mar 22, 2023
  • HNW clients · 53 to 43
    Mar 24, 2022 to Mar 22, 2023
  • Assets in custody · $21.0M to $17.4M
    Mar 24, 2022 to Mar 22, 2023
  • Discretionary RAUM · $112M to $96.4M
    Mar 24, 2022 to Mar 22, 2023
  • HNW RAUM · $85.6M to $69.0M
    Mar 24, 2022 to Mar 22, 2023
  • Individual RAUM · $26.6M to $27.4M
    Mar 24, 2022 to Mar 22, 2023
  • RAUM · $112M to $96.4M
    Mar 24, 2022 to Mar 22, 2023
  • Accounts · 480 to 507
    Mar 29, 2021 to Mar 24, 2022
  • HNW clients · 48 to 53
    Mar 29, 2021 to Mar 24, 2022
  • Individual clients · 149 to 141
    Mar 29, 2021 to Mar 24, 2022
  • Assets in custody · $19.2M to $21.0M
    Mar 29, 2021 to Mar 24, 2022
  • Discretionary RAUM · $106M to $112M
    Mar 29, 2021 to Mar 24, 2022
  • HNW RAUM · $75.3M to $85.6M
    Mar 29, 2021 to Mar 24, 2022
  • Individual RAUM · $30.5M to $26.6M
    Mar 29, 2021 to Mar 24, 2022
  • RAUM · $106M to $112M
    Mar 29, 2021 to Mar 24, 2022
  • Accounts · 478 to 480
    Jun 30, 2020 to Mar 29, 2021
  • HNW clients · 42 to 48
    Jun 30, 2020 to Mar 29, 2021
  • Individual clients · 150 to 149
    Jun 30, 2020 to Mar 29, 2021
  • Assets in custody · $19.1M to $19.2M
    Jun 30, 2020 to Mar 29, 2021
  • Discretionary RAUM · $95.3M to $106M
    Jun 30, 2020 to Mar 29, 2021
  • HNW RAUM · $63.5M to $75.3M
    Jun 30, 2020 to Mar 29, 2021
  • Individual RAUM · $31.8M to $30.5M
    Jun 30, 2020 to Mar 29, 2021
  • RAUM · $95.3M to $106M
    Jun 30, 2020 to Mar 29, 2021
  • Accounts · 475 to 478
    Mar 28, 2019 to Mar 29, 2020
  • Individual clients · 155 to 150
    Mar 28, 2019 to Mar 29, 2020
  • Assets in custody · $15.2M to $19.1M
    Mar 28, 2019 to Mar 29, 2020
  • Other offices · 2 to 0
    Mar 28, 2019 to Mar 29, 2020
  • Discretionary RAUM · $91.9M to $95.3M
    Mar 28, 2019 to Mar 29, 2020
  • HNW RAUM · $61.6M to $63.5M
    Mar 28, 2019 to Mar 29, 2020
  • Individual RAUM · $30.3M to $31.8M
    Mar 28, 2019 to Mar 29, 2020
  • RAUM · $91.9M to $95.3M
    Mar 28, 2019 to Mar 29, 2020
  • Accounts · 466 to 475
    Dec 21, 2018 to Mar 28, 2019
  • HNW clients · 46 to 42
    Dec 21, 2018 to Mar 28, 2019
  • Individual clients · 143 to 155
    Dec 21, 2018 to Mar 28, 2019
  • Assets in custody · $18.8M to $15.2M
    Dec 21, 2018 to Mar 28, 2019
  • Discretionary RAUM · $94.8M to $91.9M
    Dec 21, 2018 to Mar 28, 2019
  • HNW RAUM · $52.5M to $61.6M
    Dec 21, 2018 to Mar 28, 2019
  • Individual RAUM · $42.3M to $30.3M
    Dec 21, 2018 to Mar 28, 2019
  • RAUM · $94.8M to $91.9M
    Dec 21, 2018 to Mar 28, 2019
  • Accounts · 471 to 466
    Mar 22, 2017 to Mar 29, 2018
Signals
1 dated events
  • D••••• L•••••• M•••• left P••••••• F•••••••• S•••••••• I••• for A••••••••• F•••••••• S•••••••• L•• (registered 2023-04-06)
    Apr 6, 2023 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
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
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026