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••••••••• P•• A•••••••• L••
Latest filing Aug 5, 2026
First filing on the tape Mar 30, 2012 · 33 filings
SEC status approved since Jun 21, 1996
RAUM
$774M
reported, Item 5.F
Discretionary
33%
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
11
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$774M as of Aug 5, 2026
Mar 30, 2012$1.4B then
HNW client RAUM$0 as of Aug 5, 2026
Mar 30, 2021$0 then
State-registered IARs (5.B.3)0 as of Aug 5, 2026
Mar 25, 20130 then
Employees (5.A)11 as of Aug 5, 2026
Mar 25, 20135 then
Private funds: no history
RAUM +92% over the last fiscal year-9.0% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Aug 5, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- RAUM per advisor
- unknownderivedRAUM 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
- $43.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 33%derivedof RAUM
- Institutional
- 98%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -3.2%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 assetsreportedItem 5.E
- Advisory activities
- 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
- has discretionary authority over which securities are bought or sold (8.C.1)
- 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
- State and municipal entities$677M89%
- Insurance companies$80.2M11%
- Corporations and businesses$4.7M0.6%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 18reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.0 fund_share=0.0 institutional_share=0.98 related_bd=false related_bank=false bd_reps=0.0derived
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
none on the tape
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- A••••• N••••••• P•••• · Senior Portfolio Managercontrolsince 01/2019 · owns less than 5%
- B•••••• A••••••• J•••• · Managing Directorcontrolsince 01/1996 · owns less than 5%
- C•••••• K•••••••• A•• · Chief Compliance Officercontrolsince 01/2019 · owns less than 5%
- H•••••••• G•••• M••••• · Director Of Researchcontrolsince 07/2015 · owns less than 5%
- L••••• W••••• O• · Chief Financial Officercontrolsince 07/2015 · owns less than 5%
- L••••• B••••••• P•••• · Elected Managercontrolsince 07/2015 · owns less than 5%
- S••••••• S•••••• L•••• · Chief Executive Officercontrolsince 07/2015 · owns less than 5%
- Z•••••••• R••••••• A•••• · Managing Directorcontrolsince 01/1996 · owns less than 5%
- B•••••• A••••••• J•••• · Elected Managercontrolsince 07/2015 · owns F of A••••••• H••••••• L••
- C•••••••• D•••••• R•••••• · Elected Managercontrolsince 05/2009 · owns F of B•••••••• C••••••• L••
- I•••••••• O•••••• O•••••• · Elected Managercontrolsince 05/2009 · owns F of B•••••••• C••••••• L••
- L••••• W••••• O• · Elected Managercontrolsince 05/2009 · owns F of B•••••••• C••••••• L••
- L••••• B••••••• P•••• · Elected Managercontrolsince 05/2009 · owns F of B•••••••• C••••••• L••
- L•••• W••••••• I•••• · Elected Managercontrolsince 05/2009 · owns F of B•••••••• C••••••• L••
- S••••••• S•••••• L•••• · Elected Managercontrolsince 05/2009 · owns 25% to 50% of B•••••••• C••••••• L••
- Z•••••••• R••••••• A•••• · Elected Managercontrolsince 07/2015 · owns F of A••••••• H••••••• L••
- C•••••••• D•••••• R•••••• · Elected Managersince 07/2015 · owns less than 5%
- I•••••••• O•••••• O•••••• · Elected Managersince 07/2015 · owns less than 5%
- L•••• W••••••• I•••• · Elected Managersince 07/2015 · owns less than 5%
Entity owners
- B•••••••• C••••••• L•• · Memberdirect · owns 50% to 75%
- A••••••• H••••••• L•• · Memberdirect · owns 25% to 50%
Related persons
Schedule D 7.A
- S••••••••• I••••••••• P•••••••investment advisernRAUM $152M
Advisers that list S••••••••• P•• A•••••••• L•• as a related person
- 109261 n
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 12 to 18Apr 16, 2026 to Aug 5, 2026
- Advisory employees · 2 to 6Apr 16, 2026 to Aug 5, 2026
- Employees · 8 to 11Apr 16, 2026 to Aug 5, 2026
- Discretionary RAUM · $93.6M to $259MApr 16, 2026 to Aug 5, 2026
- Non-discretionary RAUM · $297M to $515MApr 16, 2026 to Aug 5, 2026
- RAUM · $391M to $774MApr 16, 2026 to Aug 5, 2026
- Accounts · 15 to 12Mar 26, 2025 to Mar 24, 2026
- Discretionary RAUM · $95.7M to $93.6MMar 26, 2025 to Mar 24, 2026
- Non-discretionary RAUM · $308M to $297MMar 26, 2025 to Mar 24, 2026
- RAUM · $404M to $391MMar 26, 2025 to Mar 24, 2026
- Accounts · 30 to 15Jul 29, 2024 to Mar 26, 2025
- Advisory activities · 3 to 1Jul 29, 2024 to Mar 26, 2025
- Financial planning clients · 0 to Jul 29, 2024 to Mar 26, 2025
- Discretionary RAUM · $659M to $95.7MJul 29, 2024 to Mar 26, 2025
- Non-discretionary RAUM · $322M to $308MJul 29, 2024 to Mar 26, 2025
- RAUM · $982M to $404MJul 29, 2024 to Mar 26, 2025
- Advisory employees · 6 to 2Mar 25, 2024 to Jul 29, 2024
- Employees · 12 to 8Mar 25, 2024 to Jul 29, 2024
- Accounts · 42 to 30Mar 29, 2023 to Mar 25, 2024
- State-registered IARs · 3 to 0Mar 29, 2023 to Mar 25, 2024
- Discretionary RAUM · $283M to $659MMar 29, 2023 to Mar 25, 2024
- Non-discretionary RAUM · $743M to $322MMar 29, 2023 to Mar 25, 2024
- RAUM · $1.0B to $982MMar 29, 2023 to Mar 25, 2024
- Corporate clients · 3 to 2Mar 28, 2022 to Mar 29, 2023
- Pension plan clients · 14 to 0Mar 28, 2022 to Mar 29, 2023
- Employees · 11 to 12Mar 28, 2022 to Mar 29, 2023
- Discretionary RAUM · $1.1B to $283MMar 28, 2022 to Mar 29, 2023
- Non-discretionary RAUM · $307M to $743MMar 28, 2022 to Mar 29, 2023
- Pension RAUM · $797M to $0Mar 28, 2022 to Mar 29, 2023
- RAUM · $1.4B to $1.0BMar 28, 2022 to Mar 29, 2023
- Accounts · 43 to 42Aug 30, 2021 to Mar 28, 2022
- Charity clients · 1 to 0Aug 30, 2021 to Mar 28, 2022
- Corporate clients · 1 to 3Aug 30, 2021 to Mar 28, 2022
- Pension plan clients · 21 to 14Aug 30, 2021 to Mar 28, 2022
- Employees · 12 to 11Aug 30, 2021 to Mar 28, 2022
- Discretionary RAUM · $1.2B to $1.1BAug 30, 2021 to Mar 28, 2022
- Non-discretionary RAUM · $342M to $307MAug 30, 2021 to Mar 28, 2022
- Pension RAUM · $682M to $797MAug 30, 2021 to Mar 28, 2022
- RAUM · $1.5B to $1.4BAug 30, 2021 to Mar 28, 2022
- Advisory employees · 7 to 6Mar 30, 2021 to Aug 30, 2021
Signals
8 dated events
- S••••••••• P•• A•••••••• L•• reported RAUM $774.2M, up 98% from $390.7M (2026-04-16 to 2026-08-05)Aug 5, 2026 · RAUM change · derived
- S••••••••• P•• A•••••••• L•• reported RAUM $403.7M, down 59% from $981.7M (2024-07-29 to 2025-03-26)Mar 26, 2025 · RAUM change · derived
- S••••••••• P•• A•••••••• L•• reported RAUM $1.0B, down 27% from $1.4B (2022-03-28 to 2023-03-29)Mar 29, 2023 · RAUM change · derived
- S••••••••• P•• A•••••••• L•• reported RAUM $1.9B, up 33% from $1.4B (2018-07-05 to 2019-01-31)Jan 31, 2019 · RAUM change · derived
- Ann Kimberly Clarke (Chief Compliance Officer) appeared on Schedule A of S••••••••• P•• A•••••••• L••Jan 31, 2019 · Control person joined · fact
- Richard Donald Caldwell (Elected Manager) appeared on Schedule A of S••••••••• P•• A•••••••• L••Jan 31, 2019 · Control person joined · fact
- Olufela Osagie Imasogie (Elected Manager) appeared on Schedule A of S••••••••• P•• A•••••••• L••Jan 31, 2019 · Control person joined · fact
- Irvin Winston Lowe (Elected Manager) appeared on Schedule A of S••••••••• P•• A•••••••• L••Jan 31, 2019 · 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.
How to reach
public business contact points only, each with its source
- Website
- w••.s•••••.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 484-254-5400reportedpublic record, Form ADV, Aug 5, 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
- Institutional managerderiveda 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