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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Former SEC-registered adviser

S•••••• V••••• W••••• A•••••••• L••

Former SEC-registered adviserSan Jose, CaliforniaCRD 106017SEC 801-41892IAPD
Latest filing Nov 27, 2023
First filing on the tape Dec 2, 2011 · 39 filings
RAUM
$329M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
99%
$327M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
39 filings and snapshots on the tape
RAUM$329M as of Mar 24, 2023
Mar 28, 2012$193M then
HNW client RAUM$270M as of Mar 24, 2023
Mar 14, 2018$244M then
State-registered IARs (5.B.3)4 as of Mar 24, 2023
Mar 28, 20120 then
Employees (5.A)6 as of Mar 24, 2023
Apr 1, 20137 then
Private funds: no history
RAUM -31% over the last fiscal year-2.7% a year over threeIARs 5 to 4offices 2 to 1
Practice profile
derived from the filing of Nov 27, 2023; every figure names its basis
RAUM per advisor
$82.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
63derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.5MderivedHNW RAUM over HNW clients
Average account
$413,505derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
0.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
2.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-31%derivedbetween the last two annual amendments
Advisor growth, one year
-20%derivedItem 5.B.3 between annual amendments
Client growth, one year
-28%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 5.G
Custody
$27.6M, 13 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)
  • has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$270M82%
  • Individuals$57.2M17%
  • Pension and profit-sharing plans$1.3M0.4%
  • Charitable organizations$546,5830.2%
Individual clients
142reported
HNW clients
110reported
Pension plan clients
3reported
Charitable clients
1reported
Accounts
796reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
$27.6M for 13 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
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
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
    • L••••••• T••••• F•••• · Managing Member, Chief Executive Officer,Chief Compliance Officercontrol
      since 03/2006 · owns 75% or more
    • P•••••• R••••••• S•••• · Senior Wealth Advisor
      since 01/2020 · owns 10% to 25%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    San Jose, Ca · principal000
    Offices
    Schedule D 1.F, the 25 largest
    • Half Moon Bay, CA1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 1,094 to 796
      Jun 30, 2022 to Mar 24, 2023
    • Charity clients · 2 to 1
      Jun 30, 2022 to Mar 24, 2023
    • HNW clients · 137 to 110
      Jun 30, 2022 to Mar 24, 2023
    • Individual clients · 214 to 142
      Jun 30, 2022 to Mar 24, 2023
    • Pension plan clients · 6 to 3
      Jun 30, 2022 to Mar 24, 2023
    • Assets in custody · $4.2M to $27.6M
      Jun 30, 2022 to Mar 24, 2023
    • Other offices · 2 to 1
      Jun 30, 2022 to Mar 24, 2023
    • Discretionary RAUM · $467M to $327M
      Jun 30, 2022 to Mar 24, 2023
    • HNW RAUM · $376M to $270M
      Jun 30, 2022 to Mar 24, 2023
    • Individual RAUM · $92.3M to $57.2M
      Jun 30, 2022 to Mar 24, 2023
    • Non-discretionary RAUM · $12.3M to $2.5M
      Jun 30, 2022 to Mar 24, 2023
    • Pension RAUM · $10.5M to $1.3M
      Jun 30, 2022 to Mar 24, 2023
    • RAUM · $479M to $329M
      Jun 30, 2022 to Mar 24, 2023
    • Advisory employees · 5 to 4
      Mar 11, 2022 to Mar 21, 2022
    • Employees · 7 to 6
      Mar 11, 2022 to Mar 21, 2022
    • Insurance-licensed employees · 2 to 0
      Mar 11, 2022 to Mar 21, 2022
    • State-registered IARs · 5 to 4
      Mar 11, 2022 to Mar 21, 2022
    • Accounts · 1,014 to 1,094
      Nov 22, 2021 to Mar 11, 2022
    • HNW clients · 185 to 137
      Nov 22, 2021 to Mar 11, 2022
    • Individual clients · 131 to 214
      Nov 22, 2021 to Mar 11, 2022
    • Assets in custody · $135M to $4.2M
      Nov 22, 2021 to Mar 11, 2022
    • Discretionary RAUM · $396M to $467M
      Nov 22, 2021 to Mar 11, 2022
    • HNW RAUM · $69.7M to $376M
      Nov 22, 2021 to Mar 11, 2022
    • Individual RAUM · $326M to $92.3M
      Nov 22, 2021 to Mar 11, 2022
    • Non-discretionary RAUM · $9.9M to $12.3M
      Nov 22, 2021 to Mar 11, 2022
    • Pension RAUM · $9.5M to $10.5M
      Nov 22, 2021 to Mar 11, 2022
    • RAUM · $406M to $479M
      Nov 22, 2021 to Mar 11, 2022
    • Accounts · 964 to 1,014
      Jan 12, 2021 to Mar 26, 2021
    • Charity clients · 0 to 2
      Jan 12, 2021 to Mar 26, 2021
    • HNW clients · 206 to 185
      Jan 12, 2021 to Mar 26, 2021
    • Individual clients · 120 to 131
      Jan 12, 2021 to Mar 26, 2021
    • Assets in custody · $230M to $135M
      Jan 12, 2021 to Mar 26, 2021
    • Discretionary RAUM · $350M to $396M
      Jan 12, 2021 to Mar 26, 2021
    • HNW RAUM · $68.1M to $69.7M
      Jan 12, 2021 to Mar 26, 2021
    • Individual RAUM · $282M to $326M
      Jan 12, 2021 to Mar 26, 2021
    • Non-discretionary RAUM · $8.0M to $9.9M
      Jan 12, 2021 to Mar 26, 2021
    • Pension RAUM · $7.7M to $9.5M
      Jan 12, 2021 to Mar 26, 2021
    • RAUM · $358M to $406M
      Jan 12, 2021 to Mar 26, 2021
    • Accounts · 790 to 964
      Jun 27, 2019 to Feb 5, 2020
    • HNW clients · 107 to 206
      Jun 27, 2019 to Feb 5, 2020
    Signals
    8 dated events
    • T•••• F•••• L•••••• left S•••••• V••••• W••••• A•••••••• L•• for A••••••• F••••••••• L••• (registered 2023-12-08)
      Jan 2, 2024 · Advisor changed firm · fact
    • C•••••• D•• H•• T••• left S•••••• V••••• W••••• A•••••••• L•• for A••••••• F••••••••• L••• (registered 2023-12-07)
      Jan 2, 2024 · Advisor changed firm · fact
    • S•••• P•••••• Y••• left S•••••• V••••• W••••• A•••••••• L•• for A••••••• F••••••••• L••• (registered 2023-12-21)
      Jan 2, 2024 · Advisor changed firm · fact
    • R•••••• S•••• P••••• left S•••••• V••••• W••••• A•••••••• L•• for A••••••• F••••••••• L••• (registered 2023-12-07)
      Jan 2, 2024 · Advisor changed firm · fact
    • S•••••• V••••• W••••• A•••••••• L••'s advisors moved to A••••••• F••••••••• L••• (San Jose, CA): 4 of 4 registered, on the same day
      Jan 2, 2024 · Firm absorbed (people side) · derived
    • S•••••• V••••• W••••• A•••••••• L•• reported RAUM $329.2M, down 31% from $479.4M (2022-06-30 to 2023-03-24)
      Mar 24, 2023 · RAUM change · derived
    • C••••••••• A•••• D••• left S•••••• V••••• W••••• A•••••••• L•• for M••••• A•••••••• L•• (registered 2022-03-22)
      Mar 21, 2022 · Advisor changed firm · fact
    • S•••• R•••••• P••••• (Member, Senior Wealth Advisor) appeared on Schedule A of S•••••• V••••• W••••• A•••••••• L••
      Feb 5, 2020 · Control person joined · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    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
    Former SEC-registered adviserderiveda 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