RIA Advisory Group provides portfolio management for individuals and small businesses.
RIA Advisory Group reports 1,996 clients. They include 1,867 individual clients, 101 high-net-worth individuals, and 25 corporations and other businesses. Of its assets, 98.9% ($562M across 3,062 accounts) are managed with discretion; $6.5M across 166 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 94% | 56% |
| High-net-worth individuals | 5% | 43% |
| Pension and profit-sharing plans | <1% | <1% |
| Corporations and other businesses | 1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,867 | $316M | 55.7% | $169K |
| High-net-worth individuals | 101 | $242M | 42.5% | $2.39M |
| Pension and profit-sharing plans | Fewer than 5 | $967K | 0.2% | $322K |
| Corporations and other businesses | 25 | $9.18M | 1.6% | $367K |
| Total | 1,996 | $568M | 100% | — |
- Clients
- 1,867
- Regulatory AUM
- $316M
- AUM share
- 55.7%
- Avg. per client
- $169K
- Clients
- 101
- Regulatory AUM
- $242M
- AUM share
- 42.5%
- Avg. per client
- $2.39M
- Clients
- Fewer than 5
- Regulatory AUM
- $967K
- AUM share
- 0.2%
- Avg. per client
- $322K
- Clients
- 25
- Regulatory AUM
- $9.18M
- AUM share
- 1.6%
- Avg. per client
- $367K
Total
- Clients
- 1,996
- Regulatory AUM
- $568M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
RIA Advisory Group charges up to 2.00% a year for its Investment Supervisory Services Fees. The fee is billed in arrears and is negotiable.
Fee details and sources
Dana Rausch owns 25% to 50% of RIA Advisory Group. The leadership team of RIA Advisory Group includes Chief Compliance Officer Stephanie Theisinger. It has 25 employees.
Leadership
- Stephanie TheisingerChief Compliance Officer
- David HannaCFO
- Brian VestalMember/Owner
Dana RauschManaging Member- Christopher HansonManaging Member
Investment adviser representatives
21 representatives listed in the SEC register as of 9 October 2026.
Staff
- 25 employees
- 25 in advisory functions
- 25 state-registered reps
- 17 insurance agents
- Owns 25% to 50% of RIA Advisory Group, LLC
Dana Rausch
Control person · since December 2020
- Owns 25% to 50% of RIA Advisory Group, LLC
Christopher Hanson
Control person · since December 2020
- Owns 5% to 10% of RIA Advisory Group, LLC
Brian Vestal
since December 2020
RIA Advisory Group’s regulatory assets grew 1.6× from $352M (March 2021) to $568M (June 2026); clients rose from 1,599 to 1,996 and employees were 25 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $568M | 1,996 | 25 | 13 |
| March 2025 | $457M | 1,618 | 23 | 13 |
| July 2024 | $399M | 1,665 | 22 | 13 |
| April 2023 | $346M | 2,004 | 23 | 17 |
| July 2022 | $364M | 1,828 | 24 | 18 |
| March 2021 | $352M | 1,599 | 24 | 19 |
Besides its headquarters, RIA Advisory Group has 12 offices (7 private residences, listed without an address), with 6 listed addresses in Iowa, Minnesota and South Dakota.
Iowa · 4 listed addresses
- 500 SW 7th Street, Suite 204, Des MoinesHQ
- 2305 Dayton Ridge Road, Ames
- 907 E Washington St, Mount Pleasant
- 1609 Fifield RD, Pella
Minnesota · 1 listed address
- 14665 Galaxie Avenue, Apple Valley
South Dakota · 1 listed address
- 6300 S Old Village Place, Sioux Falls
Other business names
RIA Advisory Group has reported 2 other business names to the SEC.
- Dakota Advisory Team
- Ea Advisors
Contact and registration details
- Legal name
- RIA Advisory Group, LLC
- Headquarters
- 500 SW 7th Street, Suite 204, Des Moines, IA 50309
- Website
- Not reported
- Phone
- 515-965-8588
- SEC file
- 801-117837
- Structure
- Iowa LLC
- Fiscal year end
- December
RIA Advisory Group uses Charles Schwab ($438M, 78%) and Fidelity ($124M, 22%) as custodians for its separately managed accounts. RIA Advisory Group does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $438M78%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $124M22%
At year end, RIA Advisory Group’s separately managed accounts were mostly in stocks (76%) and funds (14%). Its reported 13F holdings for the quarter ended 30 June 2026 total $460M across 154 positions; the largest are Invesco Exchange Traded FD T (14.2%), Invesco Qqq TR (10.3%) and iShares TR (9.1%).
What the accounts hold
- Stocks76%
- Funds14%
- Registered funds13%
- Pooled vehicles1%
- Cash9%
- Other1%
- Options1%
Reported 13F holdings
- $460M
- Reported 13F value
- 154
- Positions
- 54.1%
- In the 10 largest
- +9.2%
- Value vs. prior quarter
- Invesco Exchange Traded FD T · S&P500 Eql Wgt14.2%
- Invesco Qqq TR · Unit Ser 110.3%
- iShares TR · 0-3 Mth Treasury9.1%
- SPDR Series Trust · ST Str Blo 1 ETF4.4%
- Rbb Fund Trust · Firs Eagl OV ETF4.1%
- iShares Silver TR · iShares3.3%
- First TR Exchange Traded FD · Rba Indl ETF2.8%
- iShares Silver TR · iSharesCall2.0%
- Coca Cola CO1.9%
- Sprott Asset Management LP · Physical Silver1.9%
Together, the ten largest are 54.1% of reported value.
How many clients does RIA Advisory Group have?
RIA Advisory Group has 1,996 clients and manages $568 million for them, as of June 2026. They include 1,867 individual clients, 101 high-net-worth individuals, and 25 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 June 2026
What services does RIA Advisory Group offer?
RIA Advisory Group provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does RIA Advisory Group charge?
RIA Advisory Group charges up to 2.00% a year for its Investment Supervisory Services Fees. The fee is billed in arrears and is negotiable.
Which custodians does RIA Advisory Group use?
RIA Advisory Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $438M and Fidelity Brokerage Services LLC (Smithfield, RI), with $124M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 June 2026
How many financial advisors does RIA Advisory Group have?
RIA Advisory Group has 25 investment adviser representatives registered with state securities authorities, out of 25 employees, and 25 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 17 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does RIA Advisory Group invest in?
At the end of its last fiscal year, RIA Advisory Group’s separately managed accounts held 76% exchange-traded equities, 13% registered funds (mutual funds, ETFs, BDCs), 9% cash and equivalents, 1% pooled vehicles (private funds and similar) and 1% other. The 1% other category is described as: Options.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns RIA Advisory Group?
RIA Advisory Group’s direct owners are Brian Vestal, Dana Rausch and Christopher Hanson, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 23 June 2026
How does RIA Advisory Group get paid?
RIA Advisory Group is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is RIA Advisory Group registered with the SEC?
Yes, RIA Advisory Group has been registered with the SEC as an investment adviser since 2 January 2020. Its CRD number is 152566 and its SEC file number is 801-117837.
Source: Form ADV Part 1A, Item 1, filed 23 June 2026; IAPD firm record
How do I contact RIA Advisory Group?
RIA Advisory Group’s main office is at 500 SW 7th Street, Suite 204, Des Moines, IA 50309. Its phone number is 515-965-8588.