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•••••• • P••••• C• L••

Former SEC-registered adviserLafayette, CaliforniaCRD 109235SEC 801-55172IAPD
Latest filing Feb 20, 2024
First filing on the tape Mar 15, 2012 · 29 filings
RAUM
$1.0B
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
94%
$967M 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
29 filings and snapshots on the tape
RAUM$1.0B as of Feb 20, 2024
Mar 15, 2012$693M then
HNW client RAUM$928M as of Feb 20, 2024
Mar 13, 2018$816M then
State-registered IARs (5.B.3)3 as of Feb 20, 2024
Mar 15, 20120 then
Employees (5.A)5 as of Feb 20, 2024
Mar 14, 20134 then
Private funds: no history
RAUM +10.0% over the last fiscal year+1.9% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Feb 20, 2024; every figure names its basis
RAUM per advisor
$343MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
107derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.0MderivedHNW RAUM over HNW clients
Average account
$1.3MderivedRAUM over accounts (5.F.2.f)
Discretionary
98%derivedof RAUM
Institutional
5.6%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
+10.0%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+3.9%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Custody
$110M, 39 clientsreportedItem 9.A
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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$928M90%
  • Charitable organizations$57.9M5.6%
  • Individuals$39.1M3.8%
  • Corporations and businesses$4.0M0.4%
Individual clients
91reported
HNW clients
231reported
Pension plan clients
n/areported
Charitable clients
7reported
Accounts
773reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$110M for 39 clientsreported
Compensation
% of AUMreported
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
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • G•••••• R•••••• M•••••• · Member, Principal, CFAcontrol
    since 01/2002 · owns 50% to 75%
  • S••••••• L•••• E••••• · Member,Principal, CFP, Chief Compliance Officercontrol
    since 01/2003 · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Lafayette, Ca · principal000
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 748 to 773
    Mar 9, 2023 to Feb 20, 2024
  • HNW clients · 227 to 231
    Mar 9, 2023 to Feb 20, 2024
  • Individual clients · 83 to 91
    Mar 9, 2023 to Feb 20, 2024
  • Assets in custody · $85.6M to $110M
    Mar 9, 2023 to Feb 20, 2024
  • Discretionary RAUM · $919M to $1.0B
    Mar 9, 2023 to Feb 20, 2024
  • HNW RAUM · $843M to $928M
    Mar 9, 2023 to Feb 20, 2024
  • Individual RAUM · $36.6M to $39.1M
    Mar 9, 2023 to Feb 20, 2024
  • Non-discretionary RAUM · $16.1M to $18.5M
    Mar 9, 2023 to Feb 20, 2024
  • RAUM · $935M to $1.0B
    Mar 9, 2023 to Feb 20, 2024
  • Accounts · 739 to 748
    Jun 24, 2022 to Mar 9, 2023
  • HNW clients · 234 to 227
    Jun 24, 2022 to Mar 9, 2023
  • Individual clients · 73 to 83
    Jun 24, 2022 to Mar 9, 2023
  • Assets in custody · $43.8M to $85.6M
    Jun 24, 2022 to Mar 9, 2023
  • Discretionary RAUM · $1.0B to $919M
    Jun 24, 2022 to Mar 9, 2023
  • HNW RAUM · $946M to $843M
    Jun 24, 2022 to Mar 9, 2023
  • Individual RAUM · $33.7M to $36.6M
    Jun 24, 2022 to Mar 9, 2023
  • Non-discretionary RAUM · $14.8M to $16.1M
    Jun 24, 2022 to Mar 9, 2023
  • RAUM · $1.0B to $935M
    Jun 24, 2022 to Mar 9, 2023
  • Accounts · 751 to 739
    Nov 17, 2021 to Mar 9, 2022
  • Corporate clients · 8 to 4
    Nov 17, 2021 to Mar 9, 2022
  • HNW clients · 235 to 234
    Nov 17, 2021 to Mar 9, 2022
  • Individual clients · 86 to 73
    Nov 17, 2021 to Mar 9, 2022
  • Assets in custody · $40.2M to $43.8M
    Nov 17, 2021 to Mar 9, 2022
  • HQ city · SAN FRANCISCO to LAFAYETTE
    Nov 17, 2021 to Mar 9, 2022
  • Discretionary RAUM · $955M to $1.0B
    Nov 17, 2021 to Mar 9, 2022
  • HNW RAUM · $865M to $946M
    Nov 17, 2021 to Mar 9, 2022
  • Individual RAUM · $36.7M to $33.7M
    Nov 17, 2021 to Mar 9, 2022
  • Non-discretionary RAUM · $16.7M to $14.8M
    Nov 17, 2021 to Mar 9, 2022
  • RAUM · $972M to $1.0B
    Nov 17, 2021 to Mar 9, 2022
  • Accounts · 772 to 751
    Jul 7, 2020 to Feb 16, 2021
  • HNW clients · 225 to 235
    Jul 7, 2020 to Feb 16, 2021
  • Individual clients · 110 to 86
    Jul 7, 2020 to Feb 16, 2021
  • Assets in custody · $36.5M to $40.2M
    Jul 7, 2020 to Feb 16, 2021
  • Discretionary RAUM · $950M to $955M
    Jul 7, 2020 to Feb 16, 2021
  • HNW RAUM · $855M to $865M
    Jul 7, 2020 to Feb 16, 2021
  • Individual RAUM · $48.0M to $36.7M
    Jul 7, 2020 to Feb 16, 2021
  • Non-discretionary RAUM · $18.8M to $16.7M
    Jul 7, 2020 to Feb 16, 2021
  • Pension RAUM · 6198140.0 to unset
    Jul 7, 2020 to Feb 16, 2021
  • RAUM · $969M to $972M
    Jul 7, 2020 to Feb 16, 2021
  • Accounts · 768 to 772
    Mar 14, 2019 to Mar 5, 2020
Signals
5 dated events
  • L••• E• S•••••• left S•••••• • P••••• C• L•• for A••••••• F••••••••• L••• (registered 2024-06-05)
    Dec 12, 2024 · Advisor changed firm · fact
  • A•••••••• P••••• L••••• left S•••••• • P••••• C• L•• for A••••••• F••••••••• L••• (registered 2024-06-06)
    Dec 12, 2024 · Advisor changed firm · fact
  • R••••• M• G••••• left S•••••• • P••••• C• L•• for A••••••• F••••••••• L••• (registered 2024-06-05)
    Dec 12, 2024 · Advisor changed firm · fact
  • S•••••• • P••••• C• L••'s advisors moved to A••••••• F••••••••• L••• (Lafayette, CA): 3 of 3 registered, on the same day
    Dec 12, 2024 · Firm absorbed (people side) · derived
  • Sheridan Ronald P••••• (Member, Principal) no longer on Schedule A of S•••••• • P••••• C• L•• (listed 2018-03-13, absent 2019-03-14)
    Mar 14, 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