Xypn Sapphire

Registered investment adviser · Bozeman, MT · CRD #285967

Form ADV data as of 2026-09-01

Regulatory assets

$1.25 billion

Total accounts

4,262

Employees

Disclosure events

Firm details

Website: http://www.deltalakewm.com
Telephone: (360) 301-7579
SEC file number: 801-118916
Most recent Form ADV filing: 2026-08-27
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 4 disclosure questions answered Yes, covering 4 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Another regulator found a false statement, omission, or dishonest, unfair, or unethical conduct
Another regulator found a violation of investment-related regulations or statutes
Another regulator entered an order in connection with investment-related activity (past 10 years)
A self-regulatory organization expelled, suspended, barred, or restricted the firm

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$1.25 billion
Non-discretionary regulatory assets under management	$3.0 million
Total regulatory assets under management	$1.25 billion
Discretionary accounts	4,230
Non-discretionary accounts	32
Total accounts	4,262
Regulatory assets under management attributable to non-U.S. persons	$0

People

Total employees (excluding clerical)	69
Employees performing investment advisory functions (including research)	60
Employees who are registered representatives of a broker-dealer	0
Employees registered as investment adviser representatives with a state	0
Employees registered as IARs for another investment adviser	1
Employees who are licensed insurance agents	3
Firms or persons who solicit advisory clients on the firm's behalf	2

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	No
Client funds and securities held in the firm's custody	$1.25 billion
Clients for whom the firm has custody	787
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	2

How the firm is compensated

A percentage of assets under managementHourly chargesFixed fees (other than subscription fees)

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsEducational seminars/workshops

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends brokers or dealers to clients
Compensates a non-employee for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	539	$638.2 million
High net worth individuals	182	$301.0 million
Pension and profit sharing plans (not the participants or government plans)	14	$97.5 million
Charitable organizations	9	$3.7 million
Other investment advisers	43	$210.2 million
Corporations or other businesses not listed above	9	$2.9 million