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
R••••••• C•••••• A••••••• L••
Latest filing Mar 29, 2023
First filing on the tape Mar 27, 2012 · 15 filings
RAUM
$249M
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
5
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$249M as of Mar 29, 2023
Mar 27, 2012$573M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 29, 2023
Mar 27, 20120 then
Employees (5.A)5 as of Mar 29, 2023
Mar 27, 20136 then
Private funds2 as of Mar 25, 2015
Mar 27, 20122 then
RAUM -37% over the last fiscal year-7.8% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 29, 2023; every figure names its basis
- 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
- $16.6MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 100%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
- -37%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, fixed feesreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- State and municipal entities$214M86%
- Pension and profit-sharing plans$34.4M14%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 6reported
- Charitable clients
- 0reported
- Accounts
- 15reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- 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
none on the tape
Joined, latest
none on the tape
Private funds
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| R••••••• S•••••••• E••••• F•••• L••no longer reported | Other Private Fund | $2.9M | 3 | Mar 27, 2012 |
| R••••••• S•••••••• B••• F•••• L••no longer reported | Other Private Fund | $2.5M | 4 | Mar 27, 2012 |
Owners and control persons
Schedule A and B, latest filing
- B••••• A••••••• K•••••• · Senior Partner And Director Of Marketingcontrolsince 03/1997 · owns 10% to 25%
- H••••••••• D•••••• A••••• · Managing Partner And Chief Operating Officercontrolsince 03/1997 · owns 10% to 25%
- R••••••••• P•••• D•••• · Managing Partner And Chief Investment Officercontrolsince 03/1997 · owns 10% to 25%
- W••••••••• L•••• L•••• · Chief Compliance Officercontrolsince 10/2004 · owns 5% to 10%
Entity owners
- B••• O•• C•••••• F••••••• L•• · Preferred Ownerdirect · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 16 to 15Jan 5, 2023 to Mar 29, 2023
- Pension plan clients · 7 to 6Jan 5, 2023 to Mar 29, 2023
- Discretionary RAUM · $393M to $249MJan 5, 2023 to Mar 29, 2023
- Pension RAUM · $286M to $34.4MJan 5, 2023 to Mar 29, 2023
- RAUM · $393M to $249MJan 5, 2023 to Mar 29, 2023
- Discretionary RAUM · $388M to $393MMar 30, 2021 to Mar 29, 2022
- Pension RAUM · $290M to $286MMar 30, 2021 to Mar 29, 2022
- RAUM · $388M to $393MMar 30, 2021 to Mar 29, 2022
- Advisory employees · 6 to 5Mar 13, 2020 to Mar 30, 2021
- Employees · 6 to 5Mar 13, 2020 to Mar 30, 2021
- Discretionary RAUM · $318M to $388MMar 13, 2020 to Mar 30, 2021
- Pension RAUM · $223M to $290MMar 13, 2020 to Mar 30, 2021
- RAUM · $318M to $388MMar 13, 2020 to Mar 30, 2021
- Accounts · 18 to 16Mar 27, 2019 to Mar 13, 2020
- Pension plan clients · 5 to 7Mar 27, 2019 to Mar 13, 2020
- Discretionary RAUM · $301M to $318MMar 27, 2019 to Mar 13, 2020
- Pension RAUM · $210M to $223MMar 27, 2019 to Mar 13, 2020
- RAUM · $301M to $318MMar 27, 2019 to Mar 13, 2020
- Accounts · 17 to 18Mar 26, 2018 to Mar 27, 2019
- Discretionary RAUM · $298M to $301MMar 26, 2018 to Mar 27, 2019
- Pension RAUM · $208M to $210MMar 26, 2018 to Mar 27, 2019
- RAUM · $298M to $301MMar 26, 2018 to Mar 27, 2019
- Accounts · 32 to 17Mar 8, 2017 to Mar 26, 2018
- Charity clients · unset to 0.0Mar 8, 2017 to Mar 26, 2018
- Corporate clients · unset to 0.0Mar 8, 2017 to Mar 26, 2018
- HNW clients · unset to 0.0Mar 8, 2017 to Mar 26, 2018
- Individual clients · unset to 0.0Mar 8, 2017 to Mar 26, 2018
- Pension plan clients · unset to 5.0Mar 8, 2017 to Mar 26, 2018
- Pooled vehicle clients · unset to 0.0Mar 8, 2017 to Mar 26, 2018
- Other offices · unset to 0.0Mar 8, 2017 to Mar 26, 2018
- Discretionary RAUM · $299M to $298MMar 8, 2017 to Mar 26, 2018
- Non-discretionary RAUM · $236M to $0Mar 8, 2017 to Mar 26, 2018
- Pension RAUM · unset to 207649266.0Mar 8, 2017 to Mar 26, 2018
- RAUM · $535M to $298MMar 8, 2017 to Mar 26, 2018
- Accounts · 38 to 32Mar 16, 2016 to Mar 8, 2017
- Discretionary RAUM · $324M to $299MMar 16, 2016 to Mar 8, 2017
- Non-discretionary RAUM · $254M to $236MMar 16, 2016 to Mar 8, 2017
- RAUM · $578M to $535MMar 16, 2016 to Mar 8, 2017
- Accounts · 39 to 38Dec 14, 2015 to Mar 16, 2016
- Assets in custody · 5381225.0 to unsetDec 14, 2015 to Mar 16, 2016
Signals
4 dated events
- R••••••• C•••••• A••••••• L•• reported RAUM $248.8M, down 37% from $393.1M (2023-01-05 to 2023-03-29)Mar 29, 2023 · RAUM change · derived
- William Daniel Lane (Senior Partner And Senior Portfolio Manager) no longer on Schedule A of R••••••• C•••••• A••••••• L•• (listed 2020-03-13, absent 2021-03-30)Mar 30, 2021 · Control person left · inference
- S John Mccarthy (Director) no longer on Schedule A of R••••••• C•••••• A••••••• L•• (listed 2018-03-26, absent 2019-03-27)Mar 27, 2019 · Control person left · inference
- R••••••• C•••••• A••••••• L•• reported RAUM $298.2M, down 44% from $535.2M (2017-03-08 to 2018-03-26)Mar 26, 2018 · 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.
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