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.

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SEC-registered adviser

S•• I••••••••• M••••••••• L••

Wealth manager with institutional or fund businessLos Angeles, CaliforniaCRD 104889SEC 801-10544websiteIAPD
Latest filing Mar 28, 2026
First filing on the tape Mar 29, 2012 · 27 filings
SEC status approved since Jan 31, 1975
RAUM
$2.6B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
20%
$516M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
25
11 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$2.6B as of Mar 28, 2026
Mar 29, 2012$1.9B then
HNW client RAUM$35.2M as of Mar 28, 2026
Mar 26, 2018$15.7M then
State-registered IARs (5.B.3)2 as of Mar 28, 2026
Mar 26, 20130 then
Employees (5.A)25 as of Mar 28, 2026
Mar 26, 201338 then
Private funds1 as of May 16, 2025
Mar 29, 20125 then
RAUM +18% over the last fiscal year+6.4% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 28, 2026; every figure names its basis
Archetypes, each a printed rule
RAUM per advisor
$1.3BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
15derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$7.0MderivedHNW RAUM over HNW clients
Average account
$32.3MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
49%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
12.5derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+18%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-6.5%derived
Compensation
percentage of assets, otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companiesreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$778M30%
  • State and municipal entities$566M22%
  • Individuals$481M19%
  • Pension and profit-sharing plans$341M13%
  • Insurance companies$278M11%
  • Charitable organizations$76.1M3.0%
  • High-net-worth individuals$35.2M1.4%
  • Corporations and businesses$56,0000.0%
Individual clients
24reported
HNW clients
5reported
Pension plan clients
24reported
Charitable clients
7reported
Accounts
79reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.2 fund_share=0.3 institutional_share=0.49 related_bd=true related_bank=true bd_reps=2.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      7 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • D••••••• G•••••• M•••••• · Chief Investment Officer, Managing Principal, Directorcontrol
        since 05/2019 · owns less than 5%
      • H•••••• R••••••• L••• · Directorcontrol
        since 04/2022 · owns less than 5%
      • M••••• R••• · Portfolio Manager, Principal, Directorcontrol
        since 05/2019 · owns less than 5%
      • M••••• S•••• F•••• · President, Chief Compliance Officer, Directorcontrol
        since 05/2019 · owns less than 5%
      • S••••• G••••••• J••• · Directorcontrol
        since 06/2024 · owns less than 5%
      Entity owners
      • R••••••• I••••••••• M•••••••• · Member
        direct · owns 50% to 75%
      • R••••••• I••••••••• M•••••••• I••• · Member
        direct · owns 50% to 75%
      • T••• S•• L•• · Member
        direct · owns 25% to 50%
      • R••••••• A••••••••• I••• · Shareholder
        indirect · owns 75% or more of R••••••• I••••••••• M•••••••• I•••
      • R••••••• T••••• I••• · Shareholder
        indirect · owns 75% or more of R••••••• A••••••••• I•••
      Related persons
      Schedule D 7.A
      Advisers that list S•• I••••••••• M••••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      4 against comparable advisers; where to look, not conclusions
      • unusually large average accountStatic outlier · filing Mar 28, 2026
        RAUM per account of $32,340,810 against a peer median of $813,262 (1333 comparable advisers, 99.0th percentile, 21.3 robust deviations)
        peers: independent wealth managers, $1B to $5B (1,333) · 99% percentile
      • business activity changedChange between filings · filing Mar 28, 2026
        portfolio management for pooled vehicles (Item 5.G.4): yes on the filing of 2025-05-16, no on the filing of 2026-03-28
        peers: independent wealth managers, $1B to $5B (1,362)
      • business activity changedChange between filings · filing Mar 28, 2026
        advises private funds (Item 7.B): yes on the filing of 2025-05-16, no on the filing of 2026-03-28
        peers: independent wealth managers, $1B to $5B (1,362)
      • custody status changedChange between filings · filing Mar 28, 2026
        custody of client assets (Item 9.A): yes on the filing of 2025-05-16, no on the filing of 2026-03-28
        peers: independent wealth managers, $1B to $5B (1,362)
      What changed
      consecutive filings, newest first
      • Accounts · 87 to 79
        May 16, 2025 to Mar 28, 2026
      • Advisory activities · 4 to 3
        May 16, 2025 to Mar 28, 2026
      • Corporate clients · 2 to 1
        May 16, 2025 to Mar 28, 2026
      • Individual clients · 26 to 24
        May 16, 2025 to Mar 28, 2026
      • Pension plan clients · 25 to 24
        May 16, 2025 to Mar 28, 2026
      • Pooled vehicle clients · 1.0 to unset
        May 16, 2025 to Mar 28, 2026
      • Assets in custody · 10819000.0 to unset
        May 16, 2025 to Mar 28, 2026
      • Custody of client assets · true to false
        May 16, 2025 to Mar 28, 2026
      • Employees · 26 to 25
        May 16, 2025 to Mar 28, 2026
      • Private funds · 1 to unset
        May 16, 2025 to Mar 28, 2026
      • Discretionary RAUM · $2.2B to $2.6B
        May 16, 2025 to Mar 28, 2026
      • HNW RAUM · $31.6M to $35.2M
        May 16, 2025 to Mar 28, 2026
      • Individual RAUM · $472M to $481M
        May 16, 2025 to Mar 28, 2026
      • Non-discretionary RAUM · $203,000 to $191,000
        May 16, 2025 to Mar 28, 2026
      • Pension RAUM · $337M to $341M
        May 16, 2025 to Mar 28, 2026
      • Pooled vehicle RAUM · 10819000.0 to unset
        May 16, 2025 to Mar 28, 2026
      • RAUM · $2.2B to $2.6B
        May 16, 2025 to Mar 28, 2026
      • Financial planning clients · unset to
        Mar 30, 2025 to May 16, 2025
      • Accounts · 88 to 87
        Jul 22, 2024 to Mar 30, 2025
      • BD registered reps · 1 to 2
        Jul 22, 2024 to Mar 30, 2025
      • Charity clients · 8 to 7
        Jul 22, 2024 to Mar 30, 2025
      • Corporate clients · 1 to 2
        Jul 22, 2024 to Mar 30, 2025
      • Individual clients · 24 to 26
        Jul 22, 2024 to Mar 30, 2025
      • Pension plan clients · 24 to 25
        Jul 22, 2024 to Mar 30, 2025
      • Assets in custody · $11.3M to $10.8M
        Jul 22, 2024 to Mar 30, 2025
      • Employees · 27 to 26
        Jul 22, 2024 to Mar 30, 2025
      • State-registered IARs · 0 to 2
        Jul 22, 2024 to Mar 30, 2025
      • Discretionary RAUM · $2.0B to $2.2B
        Jul 22, 2024 to Mar 30, 2025
      • HNW RAUM · $26.1M to $31.6M
        Jul 22, 2024 to Mar 30, 2025
      • Individual RAUM · $422M to $472M
        Jul 22, 2024 to Mar 30, 2025
      • Non-discretionary RAUM · $191,000 to $203,000
        Jul 22, 2024 to Mar 30, 2025
      • Pension RAUM · $304M to $337M
        Jul 22, 2024 to Mar 30, 2025
      • Pooled vehicle RAUM · $11.3M to $10.8M
        Jul 22, 2024 to Mar 30, 2025
      • RAUM · $2.0B to $2.2B
        Jul 22, 2024 to Mar 30, 2025
      • Accounts · 100 to 88
        Mar 29, 2023 to Mar 27, 2024
      • BD registered reps · 2 to 1
        Mar 29, 2023 to Mar 27, 2024
      • Charity clients · 9 to 8
        Mar 29, 2023 to Mar 27, 2024
      • HNW clients · 6 to 5
        Mar 29, 2023 to Mar 27, 2024
      • Individual clients · 25 to 24
        Mar 29, 2023 to Mar 27, 2024
      • Pension plan clients · 30 to 24
        Mar 29, 2023 to Mar 27, 2024
      Signals
      9 dated events
      • John Gregory Stumm (Director) appeared on Schedule A of S•• I••••••••• M••••••••• L••
        Jul 22, 2024 · Control person joined · fact
      • Karl Jeffrey Ringdahl (Director) no longer on Schedule A of S•• I••••••••• M••••••••• L•• (listed 2024-03-27, absent 2024-07-22)
        Jul 22, 2024 · Control person left · inference
      • L••• R•••••• H••••• (Director) appeared on Schedule A of S•• I••••••••• M••••••••• L••
        May 9, 2022 · Control person joined · fact
      • Louis Gene Needles (Director) no longer on Schedule A of S•• I••••••••• M••••••••• L•• (listed 2022-03-28, absent 2022-05-09)
        May 9, 2022 · Control person left · inference
      • David John Gottfurcht (President) no longer on Schedule A of S•• I••••••••• M••••••••• L•• (listed 2019-05-29, absent 2019-06-27)
        Jun 27, 2019 · Control person left · inference
      • Amy Jo Gottfurcht (Shareholder) no longer on Schedule A of S•• I••••••••• M••••••••• L•• (listed 2019-05-29, absent 2019-06-27)
        Jun 27, 2019 · Control person left · inference
      • Louis Gene Needles (Director) appeared on Schedule A of S•• I••••••••• M••••••••• L••
        Jun 27, 2019 · Control person joined · fact
      • Karl Jeffrey Ringdahl (Director) appeared on Schedule A of S•• I••••••••• M••••••••• L••
        Jun 27, 2019 · Control person joined · fact
      • S•• I••••••••• M••••••••• I•• reported succeeding to the business of Another Adviser (Form ADV Item 4)
        May 29, 2019 · Succession (Item 4) · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Business email
      info@ssi-invest.comreportedpublished by the firm, firm site, Sep 16, 2026
      Business phone
      310-595-2000reportedpublished by the firm, firm site, Sep 16, 2026
      Business phone
      310-595-2031reportedpublished by the firm, firm site, Sep 16, 2026
      Website
      SSI-INVEST.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      310-595-2000reportedpublic record, Form ADV, Mar 28, 2026
      Contact form
      ssi-invest.com/index.php/contact-usreportedpublished by the firm, firm site, Sep 16, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026