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

B•• A•••••••• L••

Former SEC-registered adviserSouthfield, MichiganCRD 109065SEC 801-60022IAPD
Legal name B•• A••••••• L••
Latest filing Mar 26, 2019
First filing on the tape Mar 22, 2012 · 13 filings
RAUM
$301M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$301M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
6 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$301M as of Mar 26, 2019
Mar 22, 2012$145M then
HNW client RAUM$181M as of Mar 26, 2019
Mar 30, 2018$234M then
State-registered IARs (5.B.3)5 as of Mar 26, 2019
Jan 25, 20135 then
Employees (5.A)6 as of Mar 26, 2019
Jan 25, 20136 then
Private funds: no history
RAUM -18% over the last fiscal year+1.7% a year over threeIARs 7 to 5
Practice profile
derived from the filing of Mar 26, 2019; every figure names its basis
RAUM per advisor
$60.1MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
86derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.4MderivedHNW RAUM over HNW clients
Average account
$285,819derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.2derivedItem 5.A over advisors
Advisors per office
2.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-18%derivedbetween the last two annual amendments
Advisor growth, one year
-29%derivedItem 5.B.3 between annual amendments
Client growth, one year
-4.0%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 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
  • is an insurance broker or agent (6.A.6)
  • 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
  • High-net-worth individuals$181M60%
  • Individuals$119M40%
Individual clients
374reported
HNW clients
54reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1,052reported
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
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • B•••••• J•••••• S•••• · Membercontrol
      since 01/2008 · owns 25% to 50%
    • B•••••• K••••••• G•••• · Membercontrol
      since 12/2010 · owns less than 5%
    • S••••••• C••••• T••••• · Managing Membercontrol
      since 12/2010 · owns 50% to 75%
    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 · 1,095 to 1,052
      Nov 15, 2018 to Mar 26, 2019
    • Advisory employees · 8 to 6
      Nov 15, 2018 to Mar 26, 2019
    • HNW clients · 63 to 54
      Nov 15, 2018 to Mar 26, 2019
    • Individual clients · 383 to 374
      Nov 15, 2018 to Mar 26, 2019
    • Employees · 8 to 6
      Nov 15, 2018 to Mar 26, 2019
    • State-registered IARs · 7 to 5
      Nov 15, 2018 to Mar 26, 2019
    • Discretionary RAUM · $366M to $301M
      Nov 15, 2018 to Mar 26, 2019
    • HNW RAUM · $234M to $181M
      Nov 15, 2018 to Mar 26, 2019
    • Individual RAUM · $132M to $119M
      Nov 15, 2018 to Mar 26, 2019
    • RAUM · $366M to $301M
      Nov 15, 2018 to Mar 26, 2019
    • Accounts · 1,055 to 1,095
      Mar 17, 2017 to Mar 30, 2018
    • Advisory employees · 6 to 8
      Mar 17, 2017 to Mar 30, 2018
    • BD registered reps · 5 to 0
      Mar 17, 2017 to Mar 30, 2018
    • HNW clients · unset to 63.0
      Mar 17, 2017 to Mar 30, 2018
    • Individual clients · unset to 383.0
      Mar 17, 2017 to Mar 30, 2018
    • Employees · 6 to 8
      Mar 17, 2017 to Mar 30, 2018
    • State-registered IARs · 5 to 7
      Mar 17, 2017 to Mar 30, 2018
    • Other offices · unset to 1.0
      Mar 17, 2017 to Mar 30, 2018
    • Discretionary RAUM · $285M to $366M
      Mar 17, 2017 to Mar 30, 2018
    • HNW RAUM · unset to 234034973.0
      Mar 17, 2017 to Mar 30, 2018
    • Individual RAUM · unset to 131551118.0
      Mar 17, 2017 to Mar 30, 2018
    • Non-discretionary RAUM · $80.8M to $0
      Mar 17, 2017 to Mar 30, 2018
    • RAUM · $365M to $366M
      Mar 17, 2017 to Mar 30, 2018
    • Related broker-dealer · true to false
      Mar 17, 2017 to Mar 30, 2018
    • Accounts · 1,072 to 1,055
      Mar 28, 2016 to Mar 17, 2017
    • Discretionary RAUM · $271M to $285M
      Mar 28, 2016 to Mar 17, 2017
    • Non-discretionary RAUM · $15.3M to $80.8M
      Mar 28, 2016 to Mar 17, 2017
    • RAUM · $286M to $365M
      Mar 28, 2016 to Mar 17, 2017
    • Advisory activities · 3 to 4
      Mar 4, 2016 to Mar 28, 2016
    • Accounts · 1,045 to 1,072
      May 15, 2015 to Mar 4, 2016
    • Discretionary RAUM · $253M to $271M
      May 15, 2015 to Mar 4, 2016
    • Non-discretionary RAUM · $22.8M to $15.3M
      May 15, 2015 to Mar 4, 2016
    • RAUM · $276M to $286M
      May 15, 2015 to Mar 4, 2016
    • Accounts · 977 to 1,045
      Mar 20, 2014 to Mar 27, 2015
    • Insurance-licensed employees · 1 to 0
      Mar 20, 2014 to Mar 27, 2015
    • Discretionary RAUM · $220M to $253M
      Mar 20, 2014 to Mar 27, 2015
    • Non-discretionary RAUM · $18.4M to $22.8M
      Mar 20, 2014 to Mar 27, 2015
    • RAUM · $238M to $276M
      Mar 20, 2014 to Mar 27, 2015
    • Accounts · 959 to 977
      Jan 25, 2013 to Mar 20, 2014
    • Discretionary RAUM · $151M to $220M
      Jan 25, 2013 to Mar 20, 2014
    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