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

C•••••• F•••••••• S•••••••• I•••

Former SEC-registered adviserMinot, North DakotaCRD 8408SEC 801-24253IAPD
Latest filing Aug 15, 2019
First filing on the tape Mar 30, 2012 · 19 filings
RAUM
$213M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
96%
$204M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
81
54 advisory (5.B.1)
Offices
47
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$213M as of Mar 28, 2019
Mar 30, 2012$132M then
HNW client RAUM$45.9M as of Mar 28, 2019
Mar 28, 2018$43.5M then
State-registered IARs (5.B.3)81 as of Mar 28, 2019
Mar 30, 20120 then
Employees (5.A)81 as of Mar 28, 2019
Mar 27, 20139 then
Private funds: no history
RAUM -3.3% over the last fiscal year+14% a year over threeIARs 49 to 81offices 49 to 47
Practice profile
derived from the filing of Aug 15, 2019; every figure names its basis
RAUM per advisor
$2.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
22derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.3MderivedHNW RAUM over HNW clients
Average account
$117,121derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
3.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
1.7derived48 offices incl. principal (1.F.5)
RAUM growth, one year
-3.3%derivedbetween the last two annual amendments
Advisor growth, one year
+65%derivedItem 5.B.3 between annual amendments
Client growth, one year
+9.3%derived
Compensation
percentage of assets, hourly, fixed fees, otherreportedItem 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)
  • 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
  • Individuals$158M75%
  • High-net-worth individuals$45.9M22%
  • Charitable organizations$4.2M2.0%
  • Pension and profit-sharing plans$2.7M1.3%
  • Corporations and businesses$1.4M0.6%
Individual clients
1,783reported
HNW clients
20reported
Pension plan clients
5reported
Charitable clients
n/areported
Accounts
1,816reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, 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
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
    • C••••••••• J••••• M•••• · Treasurercontrol
      since 08/2019 · owns less than 5%
    • K•••••••• E••••• D• · Finopcontrol
      since 08/2019 · owns less than 5%
    • P••••••• D••••• R••••• · Presidentcontrol
      since 08/2019 · owns less than 5%
    Entity owners
    • C•••••• F•••••••• H•••••••• I••• · Owner
      direct · owns 75% or more · public reporting company
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    • Boise, ID4 employees
    • Elkhorn, WI2 employees
    • Detroit L••••, MN2 employees
    • Fort Atkinson, WI1 employees
    • , 1 employees
    • , 1 employees
    • Othello, WA1 employees
    • E•••••, OR1 employees
    • , 1 employees
    • , 1 employees
    • Sioux Falls, SD1 employees
    • Mitchell, SD1 employees
    • Clearwater, FL1 employees
    • , 1 employees
    • Boulder, CO1 employees
    • Stanley, ND1 employees
    • , 1 employees
    • , 1 employees
    • Dallas, TX1 employees
    • , 1 employees
    • Tampa, FL1 employees
    • , 1 employees
    • Cleveland, OH1 employees
    • Fallston, MD1 employees
    • , 1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 1,656 to 1,816
      May 1, 2018 to Mar 28, 2019
    • BD registered reps · 91 to 80
      May 1, 2018 to Mar 28, 2019
    • Corporate clients · unset to 6.0
      May 1, 2018 to Mar 28, 2019
    • HNW clients · 17 to 20
      May 1, 2018 to Mar 28, 2019
    • Individual clients · 1,632 to 1,783
      May 1, 2018 to Mar 28, 2019
    • Pension plan clients · unset to 5.0
      May 1, 2018 to Mar 28, 2019
    • Employees · 92 to 81
      May 1, 2018 to Mar 28, 2019
    • Insurance-licensed employees · 0 to 2
      May 1, 2018 to Mar 28, 2019
    • State-registered IARs · 49 to 81
      May 1, 2018 to Mar 28, 2019
    • Other offices · 49 to 47
      May 1, 2018 to Mar 28, 2019
    • Discretionary RAUM · $219M to $212M
      May 1, 2018 to Mar 28, 2019
    • HNW RAUM · $43.5M to $45.9M
      May 1, 2018 to Mar 28, 2019
    • Individual RAUM · $169M to $158M
      May 1, 2018 to Mar 28, 2019
    • Non-discretionary RAUM · $831,123 to $1.1M
      May 1, 2018 to Mar 28, 2019
    • Pension RAUM · $105,670 to $2.7M
      May 1, 2018 to Mar 28, 2019
    • RAUM · $220M to $213M
      May 1, 2018 to Mar 28, 2019
    • Accounts · 898 to 1,656
      Oct 19, 2017 to Mar 28, 2018
    • Advisory activities · 2 to 3
      Oct 19, 2017 to Mar 28, 2018
    • BD registered reps · 92 to 91
      Oct 19, 2017 to Mar 28, 2018
    • HNW clients · unset to 17.0
      Oct 19, 2017 to Mar 28, 2018
    • Individual clients · unset to 1632.0
      Oct 19, 2017 to Mar 28, 2018
    • Financial planning clients · 11-25 to 26-50
      Oct 19, 2017 to Mar 28, 2018
    • Discretionary RAUM · $167M to $219M
      Oct 19, 2017 to Mar 28, 2018
    • HNW RAUM · unset to 43482286.0
      Oct 19, 2017 to Mar 28, 2018
    • Individual RAUM · unset to 169175722.0
      Oct 19, 2017 to Mar 28, 2018
    • Non-discretionary RAUM · $6.7M to $831,123
      Oct 19, 2017 to Mar 28, 2018
    • Pension RAUM · unset to 105670.0
      Oct 19, 2017 to Mar 28, 2018
    • RAUM · $174M to $220M
      Oct 19, 2017 to Mar 28, 2018
    • Advisory employees · 7 to 54
      Jun 22, 2017 to Oct 19, 2017
    • BD registered reps · 8 to 92
      Jun 22, 2017 to Oct 19, 2017
    • Employees · 8 to 92
      Jun 22, 2017 to Oct 19, 2017
    • State-registered IARs · 3 to 49
      Jun 22, 2017 to Oct 19, 2017
    • Other offices · unset to 49.0
      Jun 22, 2017 to Oct 19, 2017
    • Related broker-dealer · true to false
      Jun 22, 2017 to Oct 19, 2017
    • Accounts · 737 to 898
      Aug 17, 2016 to Mar 30, 2017
    • Discretionary RAUM · $136M to $167M
      Aug 17, 2016 to Mar 30, 2017
    • Non-discretionary RAUM · $5.6M to $6.7M
      Aug 17, 2016 to Mar 30, 2017
    • RAUM · $142M to $174M
      Aug 17, 2016 to Mar 30, 2017
    • Accounts · 690 to 737
      Sep 1, 2015 to Mar 29, 2016
    • Financial planning clients · 26-50 to 11-25
      Sep 1, 2015 to Mar 29, 2016
    Signals
    7 dated events
    • C••• A••••• T••••• (Finop) no longer on Schedule A of C•••••• F•••••••• S•••••••• I••• (listed 2019-03-28, absent 2019-08-15)
      Aug 15, 2019 · Control person left · inference
    • B••• J•••• B••••• (Vice President/Chief Compliance Officer/Treasurer) no longer on Schedule A of C•••••• F•••••••• S•••••••• I••• (listed 2019-03-28, absent 2019-08-15)
      Aug 15, 2019 · Control person left · inference
    • Nicole J•••••a Bertsch (Ceo) no longer on Schedule A of C•••••• F•••••••• S•••••••• I••• (listed 2019-03-28, absent 2019-08-15)
      Aug 15, 2019 · Control person left · inference
    • Joanne M•••• Christianson (Treasurer) appeared on Schedule A of C•••••• F•••••••• S•••••••• I•••
      Aug 15, 2019 · Control person joined · fact
    • Ernest D Kappotis (Finop) appeared on Schedule A of C•••••• F•••••••• S•••••••• I•••
      Aug 15, 2019 · Control person joined · fact
    • Donald Robert Pollard (President) appeared on Schedule A of C•••••• F•••••••• S•••••••• I•••
      Aug 15, 2019 · Control person joined · fact
    • C•••••• F•••••••• S•••••••• I••• reported 81 state-registered advisory representatives, up from 49 (2018-05-01 to 2019-03-28)
      Mar 28, 2019 · ria a•••••• headcount change · derived
    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