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••••••••• L••

Wealth manager with institutional or fund businessLos Gatos, CaliforniaCRD 105508SEC 801-18799websiteIAPD
Latest filing Mar 24, 2026
First filing on the tape Mar 16, 2012 · 62 filings
SEC status approved since May 6, 1983
RAUM
$4.2B
reported, Item 5.F
Discretionary
63%
of RAUM
Private clients
32%
$1.4B individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$702M
derived; firm RAUM over IAPD count
Employees
23
15 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
62 filings and snapshots on the tape
RAUM$4.2B as of Mar 24, 2026
Mar 16, 2012$1.3B then
HNW client RAUM$1.4B as of Mar 24, 2026
Feb 23, 2018$2.5B then
State-registered IARs (5.B.3)8 as of Mar 24, 2026
Apr 1, 20136 then
Employees (5.A)23 as of Mar 24, 2026
Apr 1, 201315 then
Private funds: no history
RAUM -0.4% over the last fiscal year+3.1% a year over threeIARs 8 to 8
Practice profile
derived from the filing of Mar 24, 2026; every figure names its basis
Archetypes, each a printed rule
RAUM per advisor
$702MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
219derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.0MderivedHNW RAUM over HNW clients
Average account
$3.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
63%derivedof RAUM
Institutional
2.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.8derivedItem 5.A over advisors
Advisors per office
3.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-0.4%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-8.3%derived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Other investment advisers$1.5B37%
  • High-net-worth individuals$1.4B32%
  • Investment companies$1.1B25%
  • Corporations and businesses$155M3.7%
  • Charitable organizations$62.1M1.5%
  • Pension and profit-sharing plans$26.4M0.6%
Individual clients
0reported
HNW clients
1,314reported
Pension plan clients
11reported
Charitable clients
18reported
Accounts
1,395reported
Financial planning clients
101-250reported
Wrap fee programs
$0 sponsored, $1.5B managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.32 fund_share=0.62 institutional_share=0.02 related_bd=true related_bank=false bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
E••• C• J••••Chartered Financial AnalystLos Gatos, Ca Aug 7, 201917 y3
A•••• D••••••• M•••••Chartered Financial AnalystLos Gatos, CaMar 4, 202016 y2
T••••••• D• H••••••••Los Gatos, CaFeb 20, 202412 y3
M••••• A••• P••••••Certified Financial PlannerLos Gatos, CaMay 22, 202410 y3
D•••••• L•••• R•••••••Los Gatos, CaNov 17, 202515 y0
J••••• T••••• C••••Chartered Financial AnalystLos Gatos, CaJan 1, 202610 y0
Advisor movement
2 left, 0 joined in 12 months
net -2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 33% of current headcount4 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • K•••••• B••••• A••• · President & Managing Member (Class A)control
    since 10/2010 · owns 10% to 25%
  • K•••••• K•••• · Member (Class A)control
    since 01/2019 · owns 10% to 25%
  • K•••••• B••••• A••• · Partnercontrol
    since 10/2017 · owns 25% to 50% of K• C•••••• M••••••••• L••
  • K•••••• K•••• · Partnercontrol
    since 10/2017 · owns 25% to 50% of K• C•••••• M••••••••• L••
  • M•••••• J••••• A••• · Chief Compliance Officer & Chief Operating Officer
    since 11/2010 · owns less than 5%
Entity owners
  • K• C•••••• M••••••••• L•• · Member (Class A)
    direct · owns 25% to 50%
  • E•••••• S• · Holding Company
    indirect · owns 75% or more of L••••••• H•••••• 3•
  • I• S••••• S•• · Parent
    indirect · owns 75% or more of I• S••••• H•••••• 5• L••
  • L••••••• H•••••• 3• · Holding Company
    indirect · owns 50% to 75% of I• S••••• S••
  • I• S••••• H•••••• 5• L•• · Member (Class C)
    direct · owns 25% to 50%
Related persons
Schedule D 7.A
Advisers that list S••••• I••••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Los Gatos, Ca · principal622
Jacksonville, Fl000
Offices
Schedule D 1.F, the 25 largest
  • Soquel, CA1 employees
What changed
consecutive filings, newest first
  • Accounts · 1,523 to 1,395
    Mar 17, 2025 to Mar 24, 2026
  • Charity clients · 19 to 18
    Mar 17, 2025 to Mar 24, 2026
  • Corporate clients · 44 to 37
    Mar 17, 2025 to Mar 24, 2026
  • HNW clients · 1,433 to 1,314
    Mar 17, 2025 to Mar 24, 2026
  • Pension plan clients · 12 to 11
    Mar 17, 2025 to Mar 24, 2026
  • Discretionary RAUM · $2.8B to $2.7B
    Mar 17, 2025 to Mar 24, 2026
  • HNW RAUM · $1.8B to $1.4B
    Mar 17, 2025 to Mar 24, 2026
  • Non-discretionary RAUM · $1.4B to $1.5B
    Mar 17, 2025 to Mar 24, 2026
  • Pension RAUM · $31.5M to $26.4M
    Mar 17, 2025 to Mar 24, 2026
  • RAUM · $4.2B to $4.2B
    Mar 17, 2025 to Mar 24, 2026
  • Wrap assets (manager) · $1.2B to $1.5B
    Mar 17, 2025 to Mar 24, 2026
  • Accounts · 1,603 to 1,523
    Aug 19, 2024 to Mar 17, 2025
  • Advisory employees · 14 to 15
    Aug 19, 2024 to Mar 17, 2025
  • Charity clients · 23 to 19
    Aug 19, 2024 to Mar 17, 2025
  • Corporate clients · 53 to 44
    Aug 19, 2024 to Mar 17, 2025
  • HNW clients · 1,497 to 1,433
    Aug 19, 2024 to Mar 17, 2025
  • Pension plan clients · 17 to 12
    Aug 19, 2024 to Mar 17, 2025
  • Financial planning clients · 101-250 to 101-250
    Aug 19, 2024 to Mar 17, 2025
  • State-registered IARs · 6 to 8
    Aug 19, 2024 to Mar 17, 2025
  • Discretionary RAUM · $3.3B to $2.8B
    Aug 19, 2024 to Mar 17, 2025
  • HNW RAUM · $1.9B to $1.8B
    Aug 19, 2024 to Mar 17, 2025
  • Non-discretionary RAUM · $1.3B to $1.4B
    Aug 19, 2024 to Mar 17, 2025
  • Pension RAUM · $371M to $31.5M
    Aug 19, 2024 to Mar 17, 2025
  • RAUM · $4.5B to $4.2B
    Aug 19, 2024 to Mar 17, 2025
  • Wrap assets (manager) · $1.3B to $1.2B
    Aug 19, 2024 to Mar 17, 2025
  • Accounts · 1,522 to 1,603
    Mar 23, 2023 to Mar 11, 2024
  • Advisory employees · 12 to 14
    Mar 23, 2023 to Mar 11, 2024
  • Charity clients · 24 to 23
    Mar 23, 2023 to Mar 11, 2024
  • Corporate clients · 59 to 53
    Mar 23, 2023 to Mar 11, 2024
  • HNW clients · 1,412 to 1,497
    Mar 23, 2023 to Mar 11, 2024
  • Pension plan clients · 15 to 17
    Mar 23, 2023 to Mar 11, 2024
  • Employees · 25 to 23
    Mar 23, 2023 to Mar 11, 2024
  • State-registered IARs · 7 to 6
    Mar 23, 2023 to Mar 11, 2024
  • Discretionary RAUM · $2.7B to $3.3B
    Mar 23, 2023 to Mar 11, 2024
  • HNW RAUM · $1.6B to $1.9B
    Mar 23, 2023 to Mar 11, 2024
  • Non-discretionary RAUM · $1.2B to $1.3B
    Mar 23, 2023 to Mar 11, 2024
  • Pension RAUM · $64.6M to $371M
    Mar 23, 2023 to Mar 11, 2024
  • RAUM · $3.8B to $4.5B
    Mar 23, 2023 to Mar 11, 2024
  • Wrap assets (manager) · $1.3B to $1.3B
    Mar 23, 2023 to Mar 11, 2024
  • Accounts · 1,435 to 1,522
    Oct 10, 2022 to Mar 10, 2023
Signals
5 dated events
  • K•••••• M••••• V••••• K••• left S••••• I••••••••• L•• for S•••••••• L•• (registered 2024-02-27)
    Jan 2, 2026 · Advisor changed firm · fact
  • D••••• R••••• D••••••• left S••••• I••••••••• L•• for P••••••• A•••••••• L•• (registered 2021-09-17)
    Nov 13, 2025 · Advisor changed firm · fact
  • E••••••• A•••• L••••• left S••••• I••••••••• L•• for S••••• W••••• A•••••••• I••• (registered 2025-09-05)
    Sep 2, 2025 · Advisor changed firm · fact
  • R••••• E••• O•••••• left S••••• I••••••••• L•• for A•••• C•••••• P•••••••• L•• (registered 2019-08-06)
    Mar 3, 2025 · Advisor changed firm · fact
  • S••••• I••••••••• L•• reported RAUM $3.2B, down 35% from $5.0B (2018-07-26 to 2019-02-28)
    Feb 28, 2019 · RAUM change · derived
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 phone
800-617-0004reportedpublished by the firm, firm site, Sep 17, 2026
Firm profile
H•••S://WWW.LINKEDIN.COM/COMPANY/S•••••••••reportedpublic record, Form ADV, Sep 18, 2026
Website
H•••://S•••••ETFS.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
831-429-6513reportedpublic record, Form ADV, Mar 24, 2026
Contact form
scharfetfs.com/contactreportedpublished by the firm, firm site, Sep 17, 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
$702Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026