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.

Former SEC-registered adviser

Cherry Street Partners

Former SEC-registered adviserDenver, ColoradoCRD 111711SEC 801-30439IAPD
Legal name Hhm Associates, Ltd.
Latest filing Mar 12, 2019
First filing on the tape Mar 14, 2012 · 16 filings
RAUM
$258M
reported, Item 5.F
Discretionary
70%
of RAUM
Private clients
70%
$180M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$258M as of Mar 12, 2019
Mar 14, 2012$180M then
HNW client RAUM$145M as of Mar 12, 2019
Mar 30, 2018$318M then
State-registered IARs (5.B.3)3 as of Mar 12, 2019
Feb 28, 20134 then
Employees (5.A)4 as of Mar 12, 2019
Feb 28, 20136 then
Private funds: no history
RAUM -43% over the last fiscal year-9.0% a year over threeIARs 5 to 3offices 1 to 0
Practice profile
derived from the filing of Mar 12, 2019; every figure names its basis
RAUM per advisor
$86.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
53derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.4MderivedHNW RAUM over HNW clients
Average account
$300,000derivedRAUM over accounts (5.F.2.f)
Discretionary
70%derivedof RAUM
Institutional
30%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-43%derivedbetween the last two annual amendments
Advisor growth, one year
-40%derivedItem 5.B.3 between annual amendments
Client growth, one year
-46%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, publications, educational seminarsreportedItem 5.G
Custody
$69.0M, 110 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
  • 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)
  • has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$145M56%
  • Pension and profit-sharing plans$78.0M30%
  • Individuals$35.0M14%
Individual clients
60reported
HNW clients
100reported
Pension plan clients
45reported
Charitable clients
n/areported
Accounts
860reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
$69.0M for 110 clientsreported
Compensation
% of AUM, fixed, hourlyreported
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
Joined, latest
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Paul Lambert · Presidentcontrol
    since 07/2002 · owns 75% or more
  • Lynn Traci Sarmiento · Chief Compliance Officercontrol
    since 11/2014 · owns less than 5%
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 · 1,649 to 860
    Mar 30, 2018 to Mar 12, 2019
  • Advisory employees · 5 to 3
    Mar 30, 2018 to Mar 12, 2019
  • BD registered reps · 5 to 3
    Mar 30, 2018 to Mar 12, 2019
  • Charity clients · 0.0 to unset
    Mar 30, 2018 to Mar 12, 2019
  • Corporate clients · 0.0 to unset
    Mar 30, 2018 to Mar 12, 2019
  • HNW clients · 146 to 100
    Mar 30, 2018 to Mar 12, 2019
  • Individual clients · 150 to 60
    Mar 30, 2018 to Mar 12, 2019
  • Pension plan clients · 40 to 45
    Mar 30, 2018 to Mar 12, 2019
  • Pooled vehicle clients · 0.0 to unset
    Mar 30, 2018 to Mar 12, 2019
  • Assets in custody · unset to 69000000.0
    Mar 30, 2018 to Mar 12, 2019
  • Custody of client assets · false to true
    Mar 30, 2018 to Mar 12, 2019
  • Employees · 7 to 4
    Mar 30, 2018 to Mar 12, 2019
  • Financial planning clients · 251-500 to 51-100
    Mar 30, 2018 to Mar 12, 2019
  • State-registered IARs · 5 to 3
    Mar 30, 2018 to Mar 12, 2019
  • Other offices · 1 to 0
    Mar 30, 2018 to Mar 12, 2019
  • Discretionary RAUM · $390M to $180M
    Mar 30, 2018 to Mar 12, 2019
  • HNW RAUM · $318M to $145M
    Mar 30, 2018 to Mar 12, 2019
  • Individual RAUM · $71.5M to $35.0M
    Mar 30, 2018 to Mar 12, 2019
  • Non-discretionary RAUM · $60.0M to $78.0M
    Mar 30, 2018 to Mar 12, 2019
  • Pension RAUM · $60.0M to $78.0M
    Mar 30, 2018 to Mar 12, 2019
  • Pooled vehicle RAUM · 0.0 to unset
    Mar 30, 2018 to Mar 12, 2019
  • RAUM · $450M to $258M
    Mar 30, 2018 to Mar 12, 2019
  • Accounts · 1,635 to 1,649
    Mar 28, 2017 to Mar 30, 2018
  • Charity clients · unset to 0.0
    Mar 28, 2017 to Mar 30, 2018
  • Corporate clients · unset to 0.0
    Mar 28, 2017 to Mar 30, 2018
  • HNW clients · unset to 146.0
    Mar 28, 2017 to Mar 30, 2018
  • Individual clients · unset to 150.0
    Mar 28, 2017 to Mar 30, 2018
  • Pension plan clients · unset to 40.0
    Mar 28, 2017 to Mar 30, 2018
  • Pooled vehicle clients · unset to 0.0
    Mar 28, 2017 to Mar 30, 2018
  • Assets in custody · 1306000.0 to unset
    Mar 28, 2017 to Mar 30, 2018
  • Custody of client assets · true to false
    Mar 28, 2017 to Mar 30, 2018
  • Other offices · unset to 1.0
    Mar 28, 2017 to Mar 30, 2018
  • Discretionary RAUM · $320M to $390M
    Mar 28, 2017 to Mar 30, 2018
  • HNW RAUM · unset to 318000000.0
    Mar 28, 2017 to Mar 30, 2018
  • Individual RAUM · unset to 71500000.0
    Mar 28, 2017 to Mar 30, 2018
  • Non-discretionary RAUM · $0 to $60.0M
    Mar 28, 2017 to Mar 30, 2018
  • Pension RAUM · unset to 60000000.0
    Mar 28, 2017 to Mar 30, 2018
  • Pooled vehicle RAUM · unset to 0.0
    Mar 28, 2017 to Mar 30, 2018
  • RAUM · $320M to $450M
    Mar 28, 2017 to Mar 30, 2018
  • Related adviser · true to false
    Mar 28, 2017 to Mar 30, 2018
Signals
2 dated events
  • Cherry Street Partners reported RAUM $258.0M, down 43% from $449.5M (2018-03-30 to 2019-03-12)
    Mar 12, 2019 · RAUM change · derived
  • Cherry Street Partners reported RAUM $449.5M, up 40% from $320.4M (2017-03-28 to 2018-03-30)
    Mar 30, 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