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RIA / WealthRegistered adviserformer SEC advisernot on rosterRAUM 1b 10b

LEHMAN FINANCIAL RESOURCES

LEHMAN & DERAFELO FINANCIAL RESOURCES LLC, CRD 292523

MEDIA, PA

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:bf15c382-1b8d-9f53-e641-a3c3c0859211

Data as of Mar 21, 2023 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 8:35 AM UTC and rebuilt at most every 15 minutes.

Relationships: 8
Dated events: 6
On other graphs: 1
Observed: Jun 19, 2018 to Mar 21, 2023
12 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Private Equityidentity

Lehman Financial Resources

Private equity manager · shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $1.1BItem 5.F on the latest filing (2023-03-21); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $1.1B
Private client RAUM: $1.1BderivedItem 5.D individuals plus high net worth individuals
Private client share: 100%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 6
Advisory employees: 4
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 2,374
Individual clients: 460
High net worth clients: 259
Private funds: 1Schedule D 7.B(1)
Private fund GAV: $42.9Mgross asset value as reported per fund; never fund size
Custody, client assets: $180M
SEC number: 801-113642
CRD: 292523
Filings on the tape: 12
First filed: Jun 19, 2018
Latest filed: Mar 21, 2023
Organised: Limited Liability Company, Pennsylvania

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
LD OPPORTUNITY FUND, LP	Private Equity Fund	$42.9M	Mar 21, 2023	47	Mar 21, 2023	reported	021-450939

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
DERAFELO, RICHARD, DAVID	MANAGING MEMBER/CHIEF COMPLIANCE OFFICER	D	yes	12/2017	Jun 19, 2018	Mar 21, 2023
LEHMAN, RONALD, SCOTT	MANAGING MEMBER	D	yes	12/2017	Jun 19, 2018	Mar 21, 2023

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
LEHMAN FINANCIAL SERVICES	n/a	n/a	n/a	N	no	n/a

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2022	Mar 21, 2023	$1.1B	$1.1B	6	4	0	1	$42.9M
2021	Mar 30, 2022	$1.1B	$1.1B	6	5	0	n/a	n/a
2020	Mar 31, 2021	$920M	$920M	6	5	0	n/a	n/a
2019	Mar 30, 2020	$812M	$812M	7	5	0	n/a	n/a
2018	Mar 30, 2019	$718M	$718M	7	5	1	n/a	n/a

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2022	$1.1B	$1.1B	5.3%	$812M	11.7%	6	6	0	0

Teams out

two or more advisors whose registrations ended here and began at one firm together: a fact of two dates, not a prediction

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
EP WEALTH ADVISORS	2	May 15, 2023	Apr 21, 2023	MEDIA, PA	Team lift out	RIA to RIA	100.0%

Teams in

teams that arrived here from one firm together

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
LEHMAN FINANCIAL RESOURCES, INC.	3	Jun 27, 2019	Jul 20, 2018	MEDIA, PA	Firm absorbed	Other	100.0%

Relationships

Advises (1)

→ LD OPPORTUNITY FUND, LPPrivate fundPrivate Equity Fund, IA
Mar 21, 2023 to presentfactForm ADV

Controls (2)

← DERAFELO, RICHARD, DAVIDOwnerMANAGING MEMBER/CHIEF COMPLIANCE OFFICER, ownership code D, individual
Jun 19, 2018 to presentfactForm ADV
← LEHMAN, RONALD, SCOTTOwnerMANAGING MEMBER, ownership code D, individual
Jun 19, 2018 to presentfactForm ADV

Registered with (3)

← RICHARD DAVID DERAFELOAdvisorregistration: previous registration
Jul 20, 2018 to May 15, 2023factForm ADV
← Travis Michael ScottAdvisorregistration: previous registration
Jul 20, 2018 to May 15, 2023factForm ADV
← JEFFREY IRVING LEHMANAdvisorregistration: previous registration
Jul 20, 2018 to Apr 10, 2023factForm ADV

Moved with (2)

→ EP WEALTH ADVISORSRegistered adviser2 advisors, team lift out, same day
May 15, 2023 to Apr 21, 2023factForm ADV
← LEHMAN FINANCIAL RESOURCES, INC.Registered adviser3 advisors, firm absorbed, same day
Jun 27, 2019 to Jul 20, 2018factForm ADV

Dated events

Occurred
May 15, 2023
Team lift-out
2 advisors left Lehman Financial Resources (Media, PA) for EP Wealth Advisors on the same day
Form ADVobserved 4 days ago
2 advisors
Occurred
May 15, 2023
Advisor changed firm
Travis Michael Scott left Lehman Financial Resources for Ep Wealth Advisors (registered 2023-04-21)
Form ADVobserved 4 days ago
Occurred
May 15, 2023
Advisor changed firm
Richard David Derafelo left Lehman Financial Resources for Ep Wealth Advisors (registered 2023-04-18)
Form ADVobserved 4 days ago
Occurred
Apr 10, 2023
Advisor changed firm
Jeffrey Irving Lehman left Lehman Financial Resources for Ep Wealth Advisors (registered 2023-04-18)
Form ADVobserved 4 days ago
Occurred
Mar 30, 2019
Regulatory AUM changed
Lehman Financial Resources reported RAUM $718.5M, up 589% from $104.3M (2018-11-16 to 2019-03-30)
Form ADVobserved 4 days ago
$614M
Occurred
Jun 19, 2018
First Form ADV filing
Lehman & Derafelo Financial Resources Llc filed its initial SEC registration (Form ADV)
Form ADVobserved 4 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:bf15c382-1b8d-9f53-e641-a3c3c0859211
First observed: Jun 19, 2018
Last observed: Mar 21, 2023 42 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

LEHMAN FINANCIAL RESOURCES

LEHMAN & DERAFELO FINANCIAL RESOURCES LLC, CRD 292523

MEDIA, PA

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:bf15c382-1b8d-9f53-e641-a3c3c0859211

Data as of Mar 21, 2023 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 8:35 AM UTC and rebuilt at most every 15 minutes.

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

LD OPPORTUNITY FUND, LP

Private Equity Fund

$42.9M

Mar 21, 2023

reported

021-450939

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

DERAFELO, RICHARD, DAVID

MANAGING MEMBER/CHIEF COMPLIANCE OFFICER

yes

12/2017

Jun 19, 2018

Mar 21, 2023

LEHMAN, RONALD, SCOTT

MANAGING MEMBER

yes

12/2017

Jun 19, 2018

Mar 21, 2023

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

LEHMAN FINANCIAL SERVICES

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2022

Mar 21, 2023

$1.1B

$42.9M

2021

Mar 30, 2022

$1.1B

n/a

2020

Mar 31, 2021

$920M

n/a

2019

Mar 30, 2020

$812M

n/a

2018

Mar 30, 2019

$718M

n/a

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2022

$1.1B

5.3%

$812M

11.7%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

EP WEALTH ADVISORS

May 15, 2023

Apr 21, 2023

MEDIA, PA

Team lift out

RIA to RIA

100.0%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

LEHMAN FINANCIAL RESOURCES, INC.

Jun 27, 2019

Jul 20, 2018

MEDIA, PA

Firm absorbed

Other

100.0%