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
F•••••••• C•••••• M••••••••• I•••
Latest filing Mar 30, 2026
First filing on the tape Feb 23, 2012 · 23 filings
SEC status approved since Dec 26, 1995
RAUM
$211M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
96%
$202M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$70.2M
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$211M as of Mar 30, 2026
Feb 23, 2012$137M then
HNW client RAUM$196M as of Mar 30, 2026
Mar 29, 2018$120M then
State-registered IARs (5.B.3)3 as of Mar 30, 2026
Feb 23, 20120 then
Employees (5.A)5 as of Mar 30, 2026
Mar 12, 20133 then
Private funds5 as of Mar 31, 2025
Mar 28, 20176 then
RAUM -43% over the last fiscal year-2.0% a year over threeIARs 5 to 3
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $70.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 76derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.1MderivedHNW RAUM over HNW clients
- Average account
- $899,961derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 1.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -43%derivedbetween the last two annual amendments
- Advisor growth, one year
- -40%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +6.0%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$196M95%
- Individuals$6.2M3.0%
- Pension and profit-sharing plans$3.5M1.7%
- Corporations and businesses$813,1850.4%
- Individual clients
- 51reported
- HNW clients
- 177reported
- Pension plan clients
- 3reported
- Charitable clients
- 0reported
- Accounts
- 234reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.96 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| S••••• L•• R•Chartered Financial Analyst | Gardnerville, Nv | Nov 13, 2025 | 46 y | 0 |
| C•••• H••• C••Chartered Financial Analyst | Rancho Santa Fe, Ca | Nov 27, 2025 | 15 y | 0 |
| R•••••• B••••••• | Rancho Santa Fe, Ca | Jan 15, 2026 | 11 y | 1 |
Advisor movement
2 left, 0 joined in 12 months
net -2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 67% of current headcount2 left over 36 months
Left, latest
- J••• R•••••• S••••••• to B••••••• P•••••• W•••••• L••Apr 15, 2026 · RIA to RIA
- J••• T••••• H••••••••• to D••••• W••••• M•••••••••Apr 6, 2026 · RIA to RIA
Joined, latest
- J••• T••••• H••••••••• from B•••• T•••• W••••• M••••••••• L••Mar 10, 2023 · RIA to RIA
- J••• R•••••• S••••••• from M•••••••• I••••••••• M•••••••••Feb 13, 2019 · Other
Private funds
6 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| K• C••••• C••••• L•• | Real Estate Fund | $40.3M | 29 | Jan 10, 2017 |
| K•••• L•• | Real Estate Fund | $20.7M | 27 | Jan 10, 2017 |
| K• N•••• P•••••• L•• | Real Estate Fund | $15.7M | 18 | Jan 10, 2017 |
| K• L••• C••• L•• | Real Estate Fund | $11.6M | 25 | Jan 10, 2017 |
| K•••• L••no longer reported | Real Estate Fund | $9.5M | 27 | Jan 10, 2017 |
| K••• L•• | Real Estate Fund | $5.6M | 18 | Jan 10, 2017 |
Owners and control persons
Schedule A and B, latest filing
- R•• A••••••• M•••••• · Chief Compliance Officer, Vice President, Chief Operating Officercontrolsince 12/2015 · owns less than 5%
- R•• S•••••• L•• · Chief Executive Officer, Chief Financial Officer, Chief Legal Officer, Chief Investment Officercontrolsince 12/1995 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Rancho Santa Fe, Ca · principal | 2 | 2 | 1 | ||
| Port Saint Lucie, Fl | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
7 against comparable advisers; where to look, not conclusions
- business activity changedChange between filings · filing Mar 30, 2026portfolio management for pooled vehicles (Item 5.G.4): yes on the filing of 2025-03-31, no on the filing of 2026-03-30peers: independent wealth managers, $100M to $500M (5,676)
- RAUM down 25 %Change between filings · filing Mar 30, 2026RAUM (Item 5.F) moved from $369,876,043 to $210,590,858 (-43.0%) between the annual amendments of 2025-03-31 and 2026-03-30; the peer median change was +15.0% (4550 comparable advisers, 1.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,550) · 0.7% percentile
- advisor count dropChange between filings · filing Mar 30, 2026advisory representatives (Item 5.B.3) moved from 5.0 to 3.0 (-40.0%) between the annual amendments of 2025-03-31 and 2026-03-30; the peer median change was 0.0% (965 comparable advisers, 3.0th percentile of changes)peers: independent wealth managers, $100M to $500M (965) · 2.6% percentile
- business activity changedChange between filings · filing Mar 30, 2026advises private funds (Item 7.B): yes on the filing of 2025-03-31, no on the filing of 2026-03-30peers: independent wealth managers, $100M to $500M (5,676)
- client mix shiftChange between filings · filing Mar 30, 2026private-client share of RAUM moved from 51.0% to 96.0% between the annual amendments of 2025-03-31 and 2026-03-30peers: independent wealth managers, $100M to $500M (5,676)
- custody status changedChange between filings · filing Mar 30, 2026custody of client assets (Item 9.A): yes on the filing of 2025-03-31, no on the filing of 2026-03-30peers: independent wealth managers, $100M to $500M (5,676)
- HNW share shiftChange between filings · filing Mar 30, 2026HNW share of RAUM moved from 49.0% to 93.0% between the annual amendments of 2025-03-31 and 2026-03-30peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 219 to 234Mar 31, 2025 to Mar 30, 2026
- Advisory employees · 2 to 3Mar 31, 2025 to Mar 30, 2026
- Advisory activities · 4 to 3Mar 31, 2025 to Mar 30, 2026
- HNW clients · 165 to 177Mar 31, 2025 to Mar 30, 2026
- Individual clients · 50 to 51Mar 31, 2025 to Mar 30, 2026
- Pooled vehicle clients · 8 to 0Mar 31, 2025 to Mar 30, 2026
- Assets in custody · 93917574.0 to unsetMar 31, 2025 to Mar 30, 2026
- Custody of client assets · true to falseMar 31, 2025 to Mar 30, 2026
- Employees · 7 to 5Mar 31, 2025 to Mar 30, 2026
- State-registered IARs · 5 to 3Mar 31, 2025 to Mar 30, 2026
- Private funds · 5 to unsetMar 31, 2025 to Mar 30, 2026
- Discretionary RAUM · $366M to $206MMar 31, 2025 to Mar 30, 2026
- HNW RAUM · $180M to $196MMar 31, 2025 to Mar 30, 2026
- Individual RAUM · $7.1M to $6.2MMar 31, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $3.5M to $4.2MMar 31, 2025 to Mar 30, 2026
- Pension RAUM · $3.4M to $3.5MMar 31, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $179M to $0Mar 31, 2025 to Mar 30, 2026
- RAUM · $370M to $211MMar 31, 2025 to Mar 30, 2026
- Accounts · 207 to 219Mar 25, 2024 to Mar 31, 2025
- Advisory employees · 6 to 2Mar 25, 2024 to Mar 31, 2025
- HNW clients · 95 to 165Mar 25, 2024 to Mar 31, 2025
- Individual clients · 39 to 50Mar 25, 2024 to Mar 31, 2025
- Pooled vehicle clients · 6 to 8Mar 25, 2024 to Mar 31, 2025
- Employees · 8 to 7Mar 25, 2024 to Mar 31, 2025
- Financial planning clients · 0 to 0Mar 25, 2024 to Mar 31, 2025
- Discretionary RAUM · $339M to $366MMar 25, 2024 to Mar 31, 2025
- HNW RAUM · $159M to $180MMar 25, 2024 to Mar 31, 2025
- Individual RAUM · $6.8M to $7.1MMar 25, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $3.3M to $3.5MMar 25, 2024 to Mar 31, 2025
- Pension RAUM · $3.1M to $3.4MMar 25, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $172M to $179MMar 25, 2024 to Mar 31, 2025
- RAUM · $342M to $370MMar 25, 2024 to Mar 31, 2025
- Accounts · 187 to 207Mar 25, 2023 to Mar 25, 2024
- Advisory employees · 5 to 6Mar 25, 2023 to Mar 25, 2024
- HNW clients · 54 to 95Mar 25, 2023 to Mar 25, 2024
- Individual clients · 42 to 39Mar 25, 2023 to Mar 25, 2024
- Pension plan clients · 2 to 3Mar 25, 2023 to Mar 25, 2024
- Assets in custody · $41.1M to $93.9MMar 25, 2023 to Mar 25, 2024
- Employees · 6 to 8Mar 25, 2023 to Mar 25, 2024
- State-registered IARs · 4 to 5Mar 25, 2023 to Mar 25, 2024
Signals
4 dated events
- J••• R•••••• S••••••• left F•••••••• C•••••• M••••••••• I••• for B••••••• P•••••• W•••••• L•• (registered 2026-04-16)Apr 15, 2026 · Advisor changed firm · fact
- J••• T••••• H••••••••• left F•••••••• C•••••• M••••••••• I••• for D••••• W••••• M••••••••• (registered 2026-04-01)Apr 6, 2026 · Advisor changed firm · fact
- F•••••••• C•••••• M••••••••• I••• reported RAUM $210.6M, down 43% from $369.9M (2025-03-31 to 2026-03-30)Mar 30, 2026 · RAUM change · derived
- F•••••••• C•••••• M••••••••• I••• reported RAUM $342.3M, up 53% from $223.8M (2023-03-25 to 2024-03-25)Mar 25, 2024 · 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
- Website
- H•••://WWW.QGMI.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (858) 759-0617reportedpublic record, Form ADV, Mar 30, 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $70.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026
Across the graphs
F•••••••• C•••••• M••••••••• I••• is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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