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•••••••• C•••••• M••••••••• C••••

Former SEC-registered adviserBerwyn, PennsylvaniaCRD 108847SEC 801-55439IAPD
Legal name S•••••••• C•••••• M••••••••• C•••
Latest filing Mar 31, 2020
First filing on the tape Mar 28, 2012 · 20 filings
RAUM
$411M
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
7
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
$11.2M gross assets
History
20 filings and snapshots on the tape
RAUM$411M as of Mar 31, 2020
Mar 28, 2012$1.8B then
HNW client RAUM$0 as of Mar 31, 2020
Mar 30, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 31, 2020
Mar 28, 20120 then
Employees (5.A)7 as of Mar 31, 2020
Apr 1, 201316 then
Private funds2 as of Mar 31, 2020
Mar 28, 20121 then
RAUM +7.2% over the last fiscal year-15% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2020; 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
$68.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
89%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
+7.2%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 assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 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)
  • 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$366M89%
  • Investment companies$32.5M7.9%
  • Pooled investment vehicles$11.2M2.7%
  • Corporations and businesses$1.7M0.4%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
6reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
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
      Every departureEvery arrival
      Private funds
      6 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      C••••••••• I••••••••• P••••••• L••Hedge Fund$10.2M0Mar 30, 2012
      C•••••• I••••••••• P••••••••• L•no longer reportedHedge Fund$7.9M12Mar 28, 2012
      C••••• F•••• L•••no longer reportedHedge Fund$2.0M2Mar 29, 2016
      D•••• E••••• F••• L•••Hedge Fund$1.0M1Mar 29, 2016
      L•••••• F•••• L•••no longer reportedHedge Fund$839,1172Oct 2, 2015
      S••••••••• E••••• F••• L•••no longer reportedHedge Fund$837,5822Mar 29, 2016
      Owners and control persons
      Schedule A and B, latest filing
      • C••••••• J•••• J••••• · Chief Compliance Officer And Chief Operating Officercontrol
        since 05/2019 · owns less than 5%
      • S••••••••• A•••••• C• · President And Ciocontrol
        since 12/1996 · owns 75% or more
      Related persons
      Schedule D 7.A
      • T••••••••• M••••••••• P•••••••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Assets in custody · $1.4M to $0
        Dec 5, 2019 to Mar 31, 2020
      • Custody of client assets · true to false
        Dec 5, 2019 to Mar 31, 2020
      • Discretionary RAUM · $383M to $411M
        Dec 5, 2019 to Mar 31, 2020
      • Pooled vehicle RAUM · $13.6M to $11.2M
        Dec 5, 2019 to Mar 31, 2020
      • RAUM · $383M to $411M
        Dec 5, 2019 to Mar 31, 2020
      • HQ city · WAYNE to BERWYN
        Jun 3, 2019 to Nov 18, 2019
      • Advisory employees · 4 to 3
        Mar 28, 2019 to Jun 3, 2019
      • Private funds · 1 to 2
        Mar 28, 2019 to Jun 3, 2019
      • Accounts · 8 to 6
        Feb 21, 2019 to Mar 28, 2019
      • Advisory employees · 6 to 4
        Feb 21, 2019 to Mar 28, 2019
      • Pooled vehicle clients · 4 to 2
        Feb 21, 2019 to Mar 28, 2019
      • Assets in custody · $15.4M to $1.4M
        Feb 21, 2019 to Mar 28, 2019
      • Employees · 10 to 7
        Feb 21, 2019 to Mar 28, 2019
      • Private funds · 3 to 1
        Feb 21, 2019 to Mar 28, 2019
      • Discretionary RAUM · $531M to $383M
        Feb 21, 2019 to Mar 28, 2019
      • Pooled vehicle RAUM · $40.6M to $13.6M
        Feb 21, 2019 to Mar 28, 2019
      • RAUM · $531M to $383M
        Feb 21, 2019 to Mar 28, 2019
      • Accounts · 10 to 8
        Mar 31, 2017 to Mar 30, 2018
      • Advisory employees · 7 to 6
        Mar 31, 2017 to Mar 30, 2018
      • Corporate clients · unset to 1.0
        Mar 31, 2017 to Mar 30, 2018
      • HNW clients · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Individual clients · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Pooled vehicle clients · unset to 4.0
        Mar 31, 2017 to Mar 30, 2018
      • Assets in custody · $11.6M to $15.4M
        Mar 31, 2017 to Mar 30, 2018
      • Employees · 9 to 10
        Mar 31, 2017 to Mar 30, 2018
      • Other offices · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Private funds · 4 to 3
        Mar 31, 2017 to Mar 30, 2018
      • Discretionary RAUM · $670M to $531M
        Mar 31, 2017 to Mar 30, 2018
      • HNW RAUM · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Individual RAUM · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Pooled vehicle RAUM · unset to 40602000.0
        Mar 31, 2017 to Mar 30, 2018
      • RAUM · $670M to $531M
        Mar 31, 2017 to Mar 30, 2018
      • Assets in custody · $10.3M to $11.6M
        Sep 26, 2016 to Mar 31, 2017
      • Discretionary RAUM · $511M to $670M
        Sep 26, 2016 to Mar 31, 2017
      • RAUM · $511M to $670M
        Sep 26, 2016 to Mar 31, 2017
      • Accounts · 16 to 10
        Oct 2, 2015 to Mar 29, 2016
      • Advisory employees · 9 to 7
        Oct 2, 2015 to Mar 29, 2016
      • Assets in custody · $4.5M to $10.3M
        Oct 2, 2015 to Mar 29, 2016
      • Employees · 13 to 9
        Oct 2, 2015 to Mar 29, 2016
      • Private funds · 2 to 4
        Oct 2, 2015 to Mar 29, 2016
      Signals
      5 dated events
      • William Chu (Assistant Vice President And Chief Compliance Officer) no longer on Schedule A of S•••••••• C•••••• M••••••••• C•••• (listed 2019-03-28, absent 2019-06-03)
        Jun 3, 2019 · Control person left · inference
      • Joseph John Canning (Chief Compliance Officer And Chief Operating Officer) appeared on Schedule A of S•••••••• C•••••• M••••••••• C••••
        Jun 3, 2019 · Control person joined · fact
      • S•••••••• C•••••• M••••••••• C•••• reported RAUM $383.4M, down 28% from $531.2M (2019-02-21 to 2019-03-28)
        Mar 28, 2019 · RAUM change · derived
      • William Chu (Assistant Vice President And Chief Compliance Officer) appeared on Schedule A of S•••••••• C•••••• M••••••••• C••••
        Mar 28, 2019 · Control person joined · fact
      • J Steven Fellin (Senior Vice President, Coo, Cfo And Chief Compliance Officer) no longer on Schedule A of S•••••••• C•••••• M••••••••• C•••• (listed 2019-02-21, absent 2019-03-28)
        Mar 28, 2019 · Control person left · inference
      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