SourcingSourcing

CLADIS INVESTMENT ADVISORY LLC

C45
CRD 153873·SEC 801-126137·BILLINGS, MT
AUM
$242.6M
$100M-$500M
Est. Revenue
$2.4M
@ 1% on AUM
Est. EBITDA
$728K
@ 30% margin
Est. Deal Value
$5.8M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
CLADIS INVESTMENT ADVISORY LLC
CRD
153873
SEC file #
801-126137
EIN
272441046
DBA names
—

Economics

AUM
$242.6M
AUM band
$100M-$500M
AUM trajectory
'23'26
$111.7M → $242.6M▲ +117%
Client mix
Individuals Other68
Individuals High Net Worth46
Charitable Organizations5

Operations

Employees (total)
3
Advisory staff (per ADV)
3
Advisory staff (5-yr trend)
'23'26
2 advisors → 3 advisors▲ +50%
Primary office
BILLINGS MT
Branches
—

Custodian & Brokerage

Primary custodian
Wells Fargolow confidence
Services offered
Financial planningPortfolio mgmt — individualsOther Advisory Services
Fee basis
% of AUMHourly chargesFixed fees

Filings

Latest ADV filing
03/05/2026
ADV-W filed at
—
Website
linkedin.com/in/tracy-hawbaker-383b2b95(social)

Compliance

Disclosures (firm)
0
Trademark
—
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
CLADIS, NICHOLAS, RICHARD
Top Owner Pct
37.5
Top Owner Entity Kind
I
Owner Count
3
Control Persons
CLADIS, NICHOLAS, RICHARD
HAWBAKER, TRACY, WEIDLER
Solo Advisor Indicator
No
Succession Risk Solo Owner
No
Is Parent Owned Subsidiary
No

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed
No

Web presence ★

Stale website = winding down

Web Signal Quality
social_url_excluded:linkedin.com

Retirement-plan book (Form 5500) ★

401(k)/plan business — cross-sell value

Retirement Plan Book
No

SEC EDGAR

Edgar Cik
0001911520
Edgar Registered
Yes
Edgar Filing Count
31
Edgar First Filing Date
2022-05-10
Edgar Last Filing Date
2026-05-15
Edgar 13f Count
30
Edgar 13f Latest AUM Estimate
Filing Date2026-05-15
Accession0001911520-26-000002
Edgar Form D Count
1
Edgar Form D Offerings
2025-03-142025-03-14 · 0001911520-25-000002

Compliance & brand

Firm Registration Status
active

All other collected signals (12)

Everything else we've pulled for this record, not yet curated into a section.

Adv W Recently Filed
No
Bc Firm Active Bc Count
0
Bc Firm Active IA Count
3
Bc Firm IAR Count
3
Custodian Candidates
Full
Wells Fargo4
E*trade4
Jpmorgan2
Edgar Addresses
Mailing
180 S 32ND ST WESTSUITE 1BILLINGS, MT 59102
Business
180 S 32ND ST WESTSUITE 1BILLINGS, MT 59102
Edgar EIN
272441046
Edgar Recent Filings
13F-HR2026-05-15 · 0001911520-26-000002
13F-HR2026-02-13 · 0001911520-26-000001
Firm Has Custody
No
Mailing Office Differs
No
Top Owner CRD
47182
Trust Company Affiliate
No

People (3)

3
HAWBAKER, TRACY, WEIDLER
IAR · Direct Owner · 37.5%
4981864
CLADIS, NICHOLAS, RICHARD
IAR · Direct Owner · 37.5%
47182
Henry George Zander
IAR
8159319