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
M••••• I••••••••• M••••••••• L••
Latest filing Aug 4, 2026
First filing on the tape Mar 27, 2012 · 36 filings
SEC status approved since Sep 16, 1988
RAUM
$888M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
24%
$211M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$444M
derived; firm RAUM over IAPD count
Employees
12
8 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
1
reported on Schedule D
History
36 filings and snapshots on the tape
RAUM$888M as of Aug 4, 2026
Mar 27, 2012$254M then
HNW client RAUM$171M as of Aug 4, 2026
Mar 28, 2018$97.1M then
State-registered IARs (5.B.3)2 as of Aug 4, 2026
Mar 28, 20130 then
Employees (5.A)12 as of Aug 4, 2026
Mar 28, 20139 then
Private funds1 as of Aug 4, 2026
Mar 27, 20121 then
RAUM +4.6% over the last fiscal year+0.3% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Aug 4, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- RAUM per advisor
- $444MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 131derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.1MderivedHNW RAUM over HNW clients
- Average account
- $3.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 2.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 6.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +4.6%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +6.1%derived
- Compensation
- percentage of assets, hourly, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- Custody
- $44.1M, 39 clientsreportedItem 9.A
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Other investment advisers$651M73%
- High-net-worth individuals$171M19%
- Individuals$40.8M4.6%
- Charitable organizations$19.6M2.2%
- Pooled investment vehicles$3.6M0.4%
- Pension and profit-sharing plans$2.5M0.3%
- Individual clients
- 178reported
- HNW clients
- 83reported
- Pension plan clients
- 4reported
- Charitable clients
- 1reported
- Accounts
- 281reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $44.1M for 39 clientsreported
- Compensation
- % of AUM, fixed, hourly, performancereported
- Class basis
- private_client_share=0.24 fund_share=0.74 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| P•••••• A••••• M•••••Chartered Financial Analyst | Evanston, Il | Apr 26, 2011 | 24 y | 1 |
| M•••••• A•••••••• P••••••••Chartered Financial Analyst | Palm Beach Gardens, Fl | Dec 4, 2025 | 10 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| M••••• I••••••••• A• W•••••••• G•••••• P••••••••• | Other Private Fund | $3.6M | 4 | Mar 27, 2012 |
Owners and control persons
Schedule A and B, latest filing
- M•••••• P••••••• A••••• · Managing Directorcontrolsince 01/2002 · owns 10% to 25%
- M•••••• S•••••• M•••• S•••••• · Managing Directorcontrolsince 08/2003 · owns 10% to 25%
- Z••••••••• M••• E••••• M••••• · Managing Directorcontrolsince 05/2003 · owns less than 5%
- B••••• L•••• M•••• · Chief Compliance Officersince 08/2023 · owns less than 5%
Entity owners
- S••••• M• S•••••• M••••• T•••• D•• 1••••••••• S••••• M• S•••••• M•••••• T••• · Memberdirect · owns 25% to 50%
- P•• T•••• C•• M••• E•••• N•••••• M••••• C••••••••• L••• T•••• D•• 1•••••••• P•••••• A• M••••• • J•••••• S• B•••••••• T•••• · Memberdirect · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Advisers that list M••••• I••••••••• M••••••••• L•• as a related person
- 283036 n
Offices
Schedule D 1.F, the 25 largest
- Evanston, IL5 employees
What changed
consecutive filings, newest first
- Accounts · 269 to 281Jul 15, 2025 to Mar 18, 2026
- Charity clients · 2 to 1Jul 15, 2025 to Mar 18, 2026
- HNW clients · 93 to 83Jul 15, 2025 to Mar 18, 2026
- Individual clients · 153 to 178Jul 15, 2025 to Mar 18, 2026
- Pension plan clients · 6 to 4Jul 15, 2025 to Mar 18, 2026
- Assets in custody · $8.7M to $44.1MJul 15, 2025 to Mar 18, 2026
- Discretionary RAUM · $849M to $888MJul 15, 2025 to Mar 18, 2026
- HNW RAUM · $175M to $171MJul 15, 2025 to Mar 18, 2026
- Individual RAUM · $31.4M to $40.8MJul 15, 2025 to Mar 18, 2026
- Pension RAUM · $5.2M to $2.5MJul 15, 2025 to Mar 18, 2026
- Pooled vehicle RAUM · $3.6M to $3.6MJul 15, 2025 to Mar 18, 2026
- RAUM · $849M to $888MJul 15, 2025 to Mar 18, 2026
- Wrap assets (manager) · 546633.0 to unsetJul 15, 2025 to Mar 18, 2026
- Wrap assets (sponsor) · 0.0 to unsetJul 15, 2025 to Mar 18, 2026
- Financial planning clients · 0 to 0Mar 27, 2025 to Jul 15, 2025
- Advisory employees · 7 to 8Mar 26, 2024 to Mar 27, 2025
- HNW clients · 85 to 93Mar 26, 2024 to Mar 27, 2025
- Individual clients · 149 to 153Mar 26, 2024 to Mar 27, 2025
- Pension plan clients · 16 to 6Mar 26, 2024 to Mar 27, 2025
- Employees · 11 to 12Mar 26, 2024 to Mar 27, 2025
- Discretionary RAUM · $833M to $849MMar 26, 2024 to Mar 27, 2025
- HNW RAUM · $150M to $175MMar 26, 2024 to Mar 27, 2025
- Individual RAUM · $33.9M to $31.4MMar 26, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $16.8M to $0Mar 26, 2024 to Mar 27, 2025
- Pension RAUM · $17.2M to $5.2MMar 26, 2024 to Mar 27, 2025
- Pooled vehicle RAUM · $3.6M to $3.6MMar 26, 2024 to Mar 27, 2025
- RAUM · $850M to $849MMar 26, 2024 to Mar 27, 2025
- Wrap assets (manager) · $1.3M to $546,633Mar 26, 2024 to Mar 27, 2025
- Accounts · 292 to 269Sep 6, 2023 to Mar 26, 2024
- HNW clients · 107 to 85Sep 6, 2023 to Mar 26, 2024
- Individual clients · 154 to 149Sep 6, 2023 to Mar 26, 2024
- Pension plan clients · 10 to 16Sep 6, 2023 to Mar 26, 2024
- Assets in custody · $49.2M to $8.7MSep 6, 2023 to Mar 26, 2024
- Employees · 12 to 11Sep 6, 2023 to Mar 26, 2024
- Discretionary RAUM · $875M to $833MSep 6, 2023 to Mar 26, 2024
- HNW RAUM · $164M to $150MSep 6, 2023 to Mar 26, 2024
- Individual RAUM · $37.1M to $33.9MSep 6, 2023 to Mar 26, 2024
- Non-discretionary RAUM · $4.3M to $16.8MSep 6, 2023 to Mar 26, 2024
- Pension RAUM · $5.4M to $17.2MSep 6, 2023 to Mar 26, 2024
- Pooled vehicle RAUM · $3.0M to $3.6MSep 6, 2023 to Mar 26, 2024
Signals
2 dated events
- M••••• I••••••••• M••••••••• L•• reported RAUM $1.1B, up 47% from $741.9M (2021-03-29 to 2022-03-30)Mar 30, 2022 · RAUM change · derived
- M••••• I••••••••• M••••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)Mar 26, 2020 · Succession (Item 4) · fact
Across DFX
shared identifiers only, never a name match
- M••••• I••••••••• M••••••••• L•• · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Website
- M•••••-INVESTMENTS.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 847-424-9124reportedpublic record, Form ADV, Aug 4, 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
- $444Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026