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.

Former SEC-registered adviser

Scarborough Capital Management, Inc.

Former SEC-registered adviserAnnapolis, MarylandCRD 107402SEC 801-37472IAPD
Latest filing Jun 5, 2013
First filing on the tape Mar 29, 2012 · 4 filings
RAUM
$996M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
13
13 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
4 filings and snapshots on the tape
RAUM$939M as of Mar 28, 2013
Mar 29, 2012$870M then
HNW client RAUM: no history
State-registered IARs (5.B.3): 13
Employees (5.A): 13
Private funds: no history
RAUM +14% over the last fiscal year
Practice profile
derived from the filing of Jun 5, 2013; every figure names its basis
RAUM per advisor
$76.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$234,161derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
13.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+7.9%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisers, educational seminarsreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4,253reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
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
Joined, latest
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Edward James Lerro · Chief Compliance Officer, Directorcontrol
    since 07/2004 · owns less than 5%
  • Sigismund Gregory Ostrowski · Chief Operating Officercontrol
    since 10/2008 · owns less than 5%
  • Michael Joseph Scarborough · President & Ceo, Secretary, Shareholdercontrol
    since 08/1987 · owns 75% or more
  • Frederick James Sprinkel · Vice President, Treasurer, Director
    since 11/2004 · owns less than 5%
Related persons
Schedule D 7.A
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 4,292 to 4,253
    Mar 28, 2013 to Jun 5, 2013
  • Advisory activities · 3 to 5
    Mar 28, 2013 to Jun 5, 2013
  • Discretionary RAUM · $939M to $996M
    Mar 28, 2013 to Jun 5, 2013
  • RAUM · $939M to $996M
    Mar 28, 2013 to Jun 5, 2013
  • Accounts · 4,368 to 4,292
    Mar 29, 2012 to Mar 28, 2013
  • Advisory employees · unset to 13.0
    Mar 29, 2012 to Mar 28, 2013
  • Advisory activities · 4 to 3
    Mar 29, 2012 to Mar 28, 2013
  • BD registered reps · unset to 13.0
    Mar 29, 2012 to Mar 28, 2013
  • Employees · unset to 13.0
    Mar 29, 2012 to Mar 28, 2013
  • Financial planning clients · 1-10 to 0
    Mar 29, 2012 to Mar 28, 2013
  • State-registered IARs · unset to 13.0
    Mar 29, 2012 to Mar 28, 2013
  • Discretionary RAUM · $870M to $939M
    Mar 29, 2012 to Mar 28, 2013
  • RAUM · $870M to $939M
    Mar 29, 2012 to Mar 28, 2013
Signals
No event on the tape.
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