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.

Registered advisor

Rajiv Shah

Lazari Capital Management, Inc.independent RIACoral Gables, Fl dual registrantIAPD 3162156

Feed of 09/15/2026

Also filed as Rajiv Kirit Shah

At current firm

8 y

since May 16, 2018

In the industry

26 y

since Jun 28, 2000 (earliest exam, job or registration)

Prior registered firms

IAPD previous registrations

State registrations

current, as an IAR

Firms today

current registrations

Exams

S65, S63

IA exams only

Book size

not public

not estimated here

Signals

dated events on this person

Professional profile

what the firm itself publishes, with the page it was read from

Title: Chief Compliance Officerreportedshellmaninvest.comfirm site, Sep 16, 2026

Only business contact points the firm published under its own name are shown; nothing is inferred, and personal accounts are never read. What the bio page says is printed as the firm printed it, with the sentence it came from; years are the firm’s claim, not a count of registrations.

Registration history

IAPD current and previous registrations

Innovayte Capital no RAUM current
since Nov 23, 2025 · Weston, Fl
Shellman Investment Management, LLC independent RIA current
since Feb 12, 2024 · Coral Gables, Fl
Lazari Capital Management, Inc. independent RIA current
since May 16, 2018 · Burbank, Ca
Zest other
Jan 16, 2025 to Apr 7, 2025 · Weston, Fl
Vlb Capital no RAUM
Sep 19, 2024 to Oct 1, 2024 · Weston, Fl
Innova Advisors other
Jan 18, 2024 to Aug 3, 2026 · Coral Gables, Fl
Puente Asesoramiento De Inversiones, LLC former
May 3, 2021 to Jun 20, 2023 · Miami, Fl
Next Financial Group, Inc. former
Jul 10, 2017 to Jul 26, 2017 · Saint Augustine, Fl
Deutsche Bank Securities Inc. no RAUM
Oct 24, 2014 to Jun 8, 2015 · Jacksonville, Fl
Kovack Advisors, Inc. BD affiliated
May 11, 2011 to Sep 18, 2014 · Ft. Lauderdale, Fl
Crescent Palm Capital Partners LLC unclassified
Apr 28, 2011 to Jan 18, 2012 · Clearwater, Fl
Td Ameritrade Investment Management, LLC former
May 15, 2008 to Aug 13, 2010 · Ft Lauderdale, Fl
Td Ameritrade, Inc. former
May 15, 2008 to Aug 13, 2010 · Fort Lauderdale, Fl
Waddell & Reed former
Feb 17, 2005 to May 9, 2008 · Oakbrook, Il
Msi Financial Services, Inc. former
Mar 3, 2004 to Jan 14, 2005 · Springfield, Il
Pruco Securities, LLC no RAUM
Mar 7, 2003 to Jan 26, 2004 · Tampa, Fl
Prudential Equity Group, LLC unclassified
Jun 18, 2001 to Oct 25, 2002 · Tampa, Fl

Moves

a registration end followed by a registration begin elsewhere

Innova Advisors to Shellman Investment Management, LLC
left Aug 3, 2026, registered Feb 12, 2024 (-903 days) · Other
Zest to Innovayte Capital
left Apr 7, 2025, registered Nov 23, 2025 (230 days) · Other
Vlb Capital to Zest
left Oct 1, 2024, registered Jan 16, 2025 (107 days) · Other
Puente Asesoramiento De Inversiones, LLC to Innova Advisors
left Jun 20, 2023, registered Jan 18, 2024 (212 days) · Other
Next Financial Group, Inc. to Lazari Capital Management, Inc.
left Jul 26, 2017, registered May 16, 2018 (294 days) · Other
Deutsche Bank Securities Inc. to Next Financial Group, Inc.
left Jun 8, 2015, registered Jul 10, 2017 (763 days) · Other
Kovack Advisors, Inc. to Deutsche Bank Securities Inc.
left Sep 18, 2014, registered Oct 24, 2014 (36 days) · Other
Crescent Palm Capital Partners LLC to Kovack Advisors, Inc.
left Jan 18, 2012, registered May 11, 2011 (-252 days) · Other
Td Ameritrade, Inc. to Td Ameritrade Investment Management, LLC
left Aug 13, 2010, registered May 15, 2008 (-820 days) · channel change inside one enterprise, not a move
Td Ameritrade Investment Management, LLC to Td Ameritrade, Inc.
left Aug 13, 2010, registered May 15, 2008 (-820 days) · Other
Waddell & Reed to Td Ameritrade Investment Management, LLC
left May 9, 2008, registered May 15, 2008 (6 days) · Other
Msi Financial Services, Inc. to Waddell & Reed
left Jan 14, 2005, registered Feb 17, 2005 (34 days) · Other
Pruco Securities, LLC to Msi Financial Services, Inc.
left Jan 26, 2004, registered Mar 3, 2004 (37 days) · Other
Prudential Equity Group, LLC to Pruco Securities, LLC
left Oct 25, 2002, registered Mar 7, 2003 (133 days) · Other

Signals

Rajiv Shah left Innova Advisors for Shellman Investment Management, Llc (registered 2024-02-12)
Aug 3, 2026 · Advisor changed firm · fact
Rajiv Shah, registered through Lazari Capital Management, Inc. (Burbank, CA), is a direct owner of Seminario Asset Management LLC, an adviser first registered 2025-12-22; in 2023-2025, 164 of 330 such owners registered at this class of firm moved to the new adviser within a year, median 92 days after the filing
Dec 22, 2025 · Owner of a newly registered adviser · fact
Rajiv Shah left Zest for Innovayte Capital (registered 2025-11-23)
Apr 7, 2025 · Advisor changed firm · fact
Rajiv Shah left Vlb Capital for Zest (registered 2025-01-16)
Oct 1, 2024 · Advisor changed firm · fact
Rajiv Shah left Puente Asesoramiento De Inversiones, Llc for Innova Advisors (registered 2024-01-18)
Jun 20, 2023 · Advisor changed firm · fact

Transition signals

Mobility scoring is not published yet. The observable conditions this page will draw on once the historical validation is done: tenure, the firm’s own departures and ownership changes, new state registrations, a new adviser entity with this person on Schedule A, and colleagues’ moves. Until precision and lead time are measured on known moves, no label is printed. Read the methodology.

Provenance

Source: IAPD individual compilation feedreportedadviserinfo.sec.gov
Firm class: Independent wealth managerderived
Years in industry: 26derivedfrom the earliest dated exam, employment or registration
Not published: disclosure flags, outside business text, branch street address