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
Colliers Securities LLC
Latest filing Mar 31, 2026
First filing on the tape Feb 28, 2012 · 42 filings
SEC status approved since Sep 25, 2014
RAUM
$330M
reported, Item 5.F
Discretionary
24%
of RAUM
Private clients
83%
$274M individuals and HNW
Advisors
26
registered through the firm on IAPD
RAUM per advisor
$12.7M
derived; firm RAUM over IAPD count
Employees
120
18 advisory (5.B.1)
Offices
7
beyond the principal office
Private funds
0
reported on Schedule D
History
42 filings and snapshots on the tape
RAUM$330M as of Mar 31, 2026
Feb 28, 2012$58.6M then
HNW client RAUM$101M as of Mar 31, 2026
Mar 29, 2018$12.8M then
State-registered IARs (5.B.3)28 as of Mar 31, 2026
Feb 28, 20120 then
Employees (5.A)120 as of Mar 31, 2026
Mar 25, 2015138 then
Private funds1 as of Mar 25, 2015
Feb 28, 20121 then
RAUM +17% over the last fiscal year+13% a year over threeIARs 27 to 28offices 6 to 7
Practice profile
derived from the filing of Mar 31, 2026; 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)
- Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
- RAUM per advisor
- $12.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 31derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.3MderivedHNW RAUM over HNW clients
- Average account
- $312,452derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 24%derivedof RAUM
- Institutional
- 14%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.6derivedItem 5.A over advisors
- Advisors per office
- 3.3derived8 offices incl. principal (1.F.5)
- RAUM growth, one year
- +17%derivedbetween the last two annual amendments
- Advisor growth, one year
- +3.7%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +9.7%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, selection of other advisersreportedItem 5.G
- Wrap fee program
- $33.0MreportedItem 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
- 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$173M53%
- High-net-worth individuals$101M31%
- Charitable organizations$47.0M14%
- Corporations and businesses$8.8M2.7%
- Individual clients
- 735reported
- HNW clients
- 76reported
- Pension plan clients
- 0reported
- Charitable clients
- 5reported
- Accounts
- 1,055reported
- Financial planning clients
- reported
- Wrap fee programs
- $33.0M sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.83 fund_share=0.0 institutional_share=0.14 related_bd=true related_bank=false bd_reps=81.0derived
Advisors registered through the firm
26 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Kimberly Ann Beckman | Bismarck, Nd | Oct 23, 2004 | 32 y | 2 |
| Gary Brian Johnson | Fargo, Nd | Nov 30, 2009 | 44 y | 2 |
| Thomas Clinton Beadnell | Watertown, Sd | Sep 2, 2010 | 38 y | 2 |
| Nancy Ann Linneman | Watertown, Sd | Sep 2, 2010 | 20 y | 2 |
| Mark Kenneth Johnson | Detroit Lakes, Mn | Dec 13, 2010 | 40 y | 2 |
| Kimberly Dashe Jerger | Fargo, Nd | Jan 11, 2011 | 31 y | 1 |
| Tobin Jay Morris | Pierre, Sd | Dec 19, 2011 | 21 y | 1 |
| Jeffrey Duane Jacobson | Minneapolis, Mn | Apr 4, 2012 | 33 y | 0 |
| Thomas Paul Hackl | Sioux Falls, Sd | Jun 14, 2013 | 26 y | 1 |
| Bryan Daniel Johnson | Minneapolis, Mn | Jan 14, 2014 | 28 y | 0 |
| David Michael Nye | Minneapolis, Mn | Jan 14, 2014 | 35 y | 0 |
| Michael Timothy Dolan | Minneapolis, Mn | Jan 31, 2014 | 42 y | 0 |
| Brian John Heijerman | Minneapolis, Mn | Jan 31, 2014 | 17 y | 1 |
| Mark Thomas Peterson | Minneapolis, Mn | Jan 31, 2014 | 32 y | 0 |
| Bradley Burton Klitzke | Minneapolis, Mn | Jan 31, 2014 | 25 y | 0 |
| John Lawrence DrowChartered Financial Analyst | Minneapolis, Mn | Jan 31, 2014 | 40 y | 0 |
| Matthew Alan Fossen | Chaska, Mn | Jan 31, 2014 | 29 y | 0 |
| Alan Joseph Miller | Mitchell, Sd | Sep 26, 2014 | 20 y | 2 |
| Dennis Michael Martin | Mitchell, Sd | Oct 14, 2014 | 35 y | 2 |
| Nicholas Walker Harrel | Minneapolis, Mn | May 17, 2021 | 11 y | 1 |
| Steven John Huff | Minneapolis, Mn | Aug 13, 2021 | 30 y | 1 |
| Kevin William Reilly | Chicago, Il | Feb 14, 2022 | 17 y | 6 |
| Roger Allan Norris | Detroit Lakes, Mn | Mar 21, 2022 | 34 y | 0 |
| Barry Paul OxfordChartered Financial Analyst | Stamford, Ct | Jun 16, 2022 | 27 y | 1 |
| Lucas Albert Whelan | Minneapolis, Mn | Dec 12, 2022 | 10 y | 1 |
| Seth Norman Kahn | Minneapolis, Mn | Sep 9, 2026 | 42 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
- Jeffrey Alan Seeman to Benjamin F. Edwards & Company, IncorporatedJul 11, 2024 · RIA to affiliated broker-dealer or bank
- Nathan T Longtin to Edward JonesSep 12, 2023 · RIA to affiliated broker-dealer or bank
- Susan Michelle Benedict to Woodbury Financial Services, Inc.Nov 1, 2022 · RIA to affiliated broker-dealer or bank
- Peter Christopher King to The Oak Ridge Financial Services Group, IncAug 10, 2022 · RIA to affiliated broker-dealer or bank
- Robert Lee Schnell to Northland Asset ManagementApr 26, 2022 · RIA to RIA
- Todd Peter Obrien to LPL Financial LLCDec 9, 2021 · RIA to affiliated broker-dealer or bank
- Benjamin Schleicher to Tucker Asset Management LLCSep 3, 2021 · RIA to RIA
- Ashley Rose Mcneal to RBC Capital Markets, LLCJul 19, 2021 · RIA to affiliated broker-dealer or bank
- Chad Quentin Quamme to Wells Fargo AdvisorsJun 6, 2017 · Other
- Neil A. D. Bonneson Bruce to Cuna Brokerage Services, Inc.Feb 15, 2017 · Other
- Kyle Francis Javes to B. C. Ziegler And CompanyFeb 8, 2017 · Other
- Thomas Jones Wilder to Investment Centers Of America, Inc.Jan 23, 2017 · Other
- William Brian Avery to Wells Fargo AdvisorsMay 13, 2016 · Other
- William Curtis Ogdahl to Avantax Advisory ServicesDec 21, 2015 · Other
- Andrew Jacob Lange to UBS Financial Services Inc.Sep 28, 2015 · Other
Joined, latest
- Seth Norman Kahn from Northland Asset ManagementSep 9, 2026 · RIA to affiliated broker-dealer or bank
- Lucas Albert Whelan from Cliftonlarsonallen Wealth Advisors, LLCDec 12, 2022 · Affiliated broker-dealer or bank to independent RIA
- Barry Paul Oxford from D.A. Davidson & Co.Jun 16, 2022 · RIA to RIA
- Kevin William Reilly from Hilltop Securities Inc.Feb 14, 2022 · Affiliated broker-dealer or bank to independent RIA
- Benjamin Schleicher from Verity Asset ManagementJul 15, 2021 · RIA to RIA
- Nicholas Walker Harrel from Pruco Securities, LLCMay 17, 2021 · Affiliated broker-dealer or bank to independent RIA
- Susan Michelle Benedict from Woodbury Financial Services, Inc.Dec 22, 2017 · Other
- Neil A. D. Bonneson Bruce from Wells Fargo AdvisorsJul 15, 2016 · Other
- Kyle Francis Javes from Piper Jaffray Investment Management, LLCOct 31, 2014 · Other
- Dennis Michael Martin from Wells Fargo AdvisorsOct 14, 2014 · Other
- Alan Joseph Miller from Wells Fargo AdvisorsSep 26, 2014 · Other
- Brian John Heijerman from RBC Capital Markets, LLCJan 31, 2014 · Other
- Thomas Paul Hackl from Merrill Lynch, Pierce, Fenner & Smith IncorporatedJun 14, 2013 · Other
- Chad Quentin Quamme from UBS Financial Services Inc.Jan 9, 2012 · Other
- Tobin Jay Morris from Northland Asset ManagementDec 19, 2011 · Other
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Dougherty Absolute Equity Fund LLCno longer reported | Hedge Fund | $4.0M | 17 | Feb 28, 2012 |
Owners and control persons
Schedule A and B, latest filing
- Jeffrey Duane Jacobson · Evp, Chief Operating Officer & Board Membercontrolsince 05/2020 · owns less than 5%
- David Bramley Juran · Chairman Of The Boardcontrolsince 05/2020 · owns less than 5%
- David Thomas Mullen · Evp, Board Membercontrolsince 05/2020 · owns less than 5%
- Craig Daniel Theis · Svp, Board Membercontrolsince 04/2024 · owns less than 5%
- Deborah Marie Hable · Operations Managersince 01/2001 · owns less than 5%
- James John III Hiniker · Svpsince 05/2020 · owns less than 5%
- Mark Kenneth Johnson · Vp, Branch Manager, Chief Supervision Officersince 03/2011 · owns less than 5%
- Roger Allan Norris · Svp, Registered Options Principalsince 06/2020 · owns less than 5%
- Miguel Jr. Olavarria · Controller & Finopsince 11/2024 · owns less than 5%
- Thomas Francis Steichen · Evp, Cco & General Counsel, Board Membersince 05/2020 · owns less than 5%
Entity owners
- Colliers Mortgage Holdings LLC · Direct Ownerdirect · owns 75% or more
- Colliers International Group Inc. · Ultimate Ownerindirect · owns 75% or more of Colliers International Holdings (USA), Inc. · public reporting company
- Colliers International Holdings (USA), Inc. · Indirect Ownerindirect · owns 75% or more of Colliers Mortgage Holdings LLC
Related persons
Schedule D 7.A
- Colliers Funding LLCinvestment companyn
- Colliers Insurance Agency LLCreal estaten
- Colliers Mortgage LLCinvestment companyn
Advisers that list Colliers Securities LLC as a related person
- 105370 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Minneapolis, Mn · principal | 14 | 1 | 0 | ||
| Fargo, Nd | 3 | 0 | 0 | ||
| Detroit Lakes, Mn | 2 | 0 | 0 | ||
| Chaska, Mn | 2 | 0 | 0 | ||
| Mitchell, Sd | 2 | 0 | 0 | ||
| Sioux Falls, Sd | 2 | 0 | 0 | ||
| Watertown, Sd | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Sioux Falls, SD3 employees
- Fargo, ND2 employees
- Watertown, SD2 employees
- Mitchell, SD2 employees
- , 1 employees
- Bismarck, ND1 employees
- , 1 employees
What changed
consecutive filings, newest first
- Accounts · 1,016 to 1,055Jan 12, 2026 to Mar 31, 2026
- Advisory employees · 17 to 18Jan 12, 2026 to Mar 31, 2026
- BD registered reps · 84 to 81Jan 12, 2026 to Mar 31, 2026
- Charity clients · 0 to 5Jan 12, 2026 to Mar 31, 2026
- HNW clients · 42 to 76Jan 12, 2026 to Mar 31, 2026
- Individual clients · 697 to 735Jan 12, 2026 to Mar 31, 2026
- State-registered IARs · 27 to 28Jan 12, 2026 to Mar 31, 2026
- Other offices · 6 to 7Jan 12, 2026 to Mar 31, 2026
- Discretionary RAUM · $30.9M to $79.0MJan 12, 2026 to Mar 31, 2026
- HNW RAUM · $104M to $101MJan 12, 2026 to Mar 31, 2026
- Individual RAUM · $132M to $173MJan 12, 2026 to Mar 31, 2026
- Non-discretionary RAUM · $250M to $251MJan 12, 2026 to Mar 31, 2026
- RAUM · $281M to $330MJan 12, 2026 to Mar 31, 2026
- Wrap assets (sponsor) · $30.9M to $33.0MJan 12, 2026 to Mar 31, 2026
- Related broker-dealer · false to trueJun 25, 2025 to Jan 12, 2026
- Financial planning clients · unset to Mar 26, 2025 to Jun 25, 2025
- Accounts · 1,055 to 1,016Jan 10, 2025 to Mar 26, 2025
- Advisory employees · 19 to 17Jan 10, 2025 to Mar 26, 2025
- HNW clients · 47 to 42Jan 10, 2025 to Mar 26, 2025
- Individual clients · 737 to 697Jan 10, 2025 to Mar 26, 2025
- Employees · 124 to 120Jan 10, 2025 to Mar 26, 2025
- State-registered IARs · 30 to 27Jan 10, 2025 to Mar 26, 2025
- Other offices · 7 to 6Jan 10, 2025 to Mar 26, 2025
- Discretionary RAUM · $35.7M to $30.9MJan 10, 2025 to Mar 26, 2025
- HNW RAUM · $91.2M to $104MJan 10, 2025 to Mar 26, 2025
- Individual RAUM · $143M to $132MJan 10, 2025 to Mar 26, 2025
- Non-discretionary RAUM · $227M to $250MJan 10, 2025 to Mar 26, 2025
- Pension RAUM · $1.3M to $0Jan 10, 2025 to Mar 26, 2025
- RAUM · $263M to $281MJan 10, 2025 to Mar 26, 2025
- Wrap assets (sponsor) · $35.7M to $30.9MJan 10, 2025 to Mar 26, 2025
- Accounts · 1,156 to 1,055May 23, 2023 to Mar 18, 2024
- Advisory employees · 20 to 19May 23, 2023 to Mar 18, 2024
- BD registered reps · 85 to 84May 23, 2023 to Mar 18, 2024
- HNW clients · 139 to 47May 23, 2023 to Mar 18, 2024
- Individual clients · 717 to 737May 23, 2023 to Mar 18, 2024
- Employees · 125 to 124May 23, 2023 to Mar 18, 2024
- State-registered IARs · 31 to 30May 23, 2023 to Mar 18, 2024
- Other offices · 8 to 7May 23, 2023 to Mar 18, 2024
- Discretionary RAUM · $35.9M to $35.7MMay 23, 2023 to Mar 18, 2024
- HNW RAUM · $54.5M to $91.2MMay 23, 2023 to Mar 18, 2024
Signals
20 dated events
- Seth Norman Kahn added a NE registration at Colliers Securities LlcSep 15, 2026 · New state registration · fact
- Seth Norman Kahn added a FL registration at Colliers Securities LlcSep 11, 2026 · New state registration · fact
- Seth Norman Kahn added a CA registration at Colliers Securities LlcSep 10, 2026 · New state registration · fact
- Seth Norman Kahn added a MN registration at Colliers Securities LlcSep 9, 2026 · New state registration · fact
- Seth Norman Kahn added a WI registration at Colliers Securities LlcSep 9, 2026 · New state registration · fact
- Travis Jacob Swenson (Chief Financial Officer & Finop) no longer on Schedule A of Colliers Securities Llc (listed 2024-08-12, absent 2024-11-11)Nov 11, 2024 · Control person left · inference
- Craig Daniel Theis (Svp, Board Member) appeared on Schedule A of Colliers Securities LlcAug 12, 2024 · Control person joined · fact
- Alan David Polsky (Evp, Board Member) no longer on Schedule A of Colliers Securities Llc (listed 2024-03-18, absent 2024-08-12)Aug 12, 2024 · Control person left · inference
- Jeffrey Alan Seeman left Colliers Securities Llc for Benjamin F. Edwards & Company, Incorporated (registered 2024-07-10)Jul 11, 2024 · Advisor changed firm · fact
- Nathan T Longtin left Colliers Securities Llc for Edward Jones (registered 2023-10-12)Sep 12, 2023 · Advisor changed firm · fact
- Susan Michelle Benedict left Colliers Securities Llc for Woodbury Financial Services, Inc. (registered 2022-10-21)Nov 1, 2022 · Advisor changed firm · fact
- Peter Christopher King left Colliers Securities Llc for The Oak Ridge Financial Services Group, Inc (registered 2022-07-29)Aug 10, 2022 · Advisor changed firm · fact
- Robert Lee Schnell left Colliers Securities Llc for Northland Asset Management (registered 2022-04-27)Apr 26, 2022 · Advisor changed firm · fact
- Travis Jacob Swenson (Chief Financial Officer) appeared on Schedule A of Colliers Securities LlcDec 22, 2021 · Control person joined · fact
- Michelle Marie Sandberg (Evp, Treasurer And Chief Financial Officer, Board Member) no longer on Schedule A of Colliers Securities Llc (listed 2020-07-22, absent 2020-11-10)Nov 10, 2020 · Control person left · inference
- Steven Douglas Mcwhirter (Evp - Structured Finance, Rosfp) no longer on Schedule A of Colliers Securities Llc (listed 2020-06-17, absent 2020-07-22)Jul 22, 2020 · Control person left · inference
- Gerald Anthony Kraut (Ceo, President, Branch Manager) no longer on Schedule A of Colliers Securities Llc (listed 2020-05-28, absent 2020-06-04)Jun 4, 2020 · Control person left · inference
- Michael Emmett Dougherty (Trustee) no longer on Schedule A of Colliers Securities Llc (listed 2020-05-28, absent 2020-06-04)Jun 4, 2020 · Control person left · inference
- Ray Elton Woodsend (Svp, Branch Manager) no longer on Schedule A of Colliers Securities Llc (listed 2019-03-29, absent 2019-07-17)Jul 17, 2019 · Control person left · inference
- Dougherty & Company Llc filed its initial SEC registration (Form ADV)Aug 14, 2014 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Colliers Securities, LLC · Independent Sponsorsshared crd · intermediary
How to reach
public business contact points only, each with its source
- Website
- colliers.com/en/services/colliers-securitiesreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 612-376-4000reportedpublic record, Form ADV, Mar 31, 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
- Broker-dealer affiliated wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $12.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026