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

Lwi Financial Inc.

Former SEC-registered adviserSan Jose, CaliforniaCRD 111861SEC 801-55934IAPD
Latest filing Apr 2, 2018
First filing on the tape Mar 23, 2012 · 19 filings
RAUM
$17B
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
80%
$14B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
118
25 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$17B as of Apr 2, 2018
Mar 23, 2012$7.2B then
HNW client RAUM: $3.8B
State-registered IARs (5.B.3)41 as of Apr 2, 2018
Mar 4, 201331 then
Employees (5.A)118 as of Apr 2, 2018
Mar 4, 2013100 then
Private funds: no history
RAUM +17% over the last fiscal year+11% a year over threeIARs 40 to 41
Practice profile
derived from the filing of Apr 2, 2018; every figure names its basis
RAUM per advisor
$420MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
618derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.2MderivedHNW RAUM over HNW clients
Average account
$668,831derivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
2.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.9derivedItem 5.A over advisors
Advisors per office
20.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+17%derivedbetween the last two annual amendments
Advisor growth, one year
+2.5%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, selection of other advisers, publications, educational seminarsreportedItem 5.G
Custody
$5.8B, 20,022 clientsreportedItem 9.A
Ownership
controlled by a public reporting companyderived
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)
  • 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)
  • an independent public accountant performs a surprise examination (9.C.1)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$10.0B70%
  • High-net-worth individuals$3.8B27%
  • Pension and profit-sharing plans$443M3.1%
  • Corporations and businesses$44.6M0.3%
  • Charitable organizations$37.2M0.3%
  • Insurance companies$970,5310.0%
Individual clients
23,601reported
HNW clients
1,719reported
Pension plan clients
332reported
Charitable clients
40reported
Accounts
25,748reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$5.8B for 20,022 clientsreported
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
Joined, 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
    • Ray Michael Clinton · Chief Financial Officercontrol
      since 03/2009 · owns less than 5%
    • Daphne Deborah Djeu · Chief Compliance Officercontrol
      since 10/2015 · owns less than 5%
    • Hoa Howard Lee · Chief Operating Officercontrol
      since 04/2016 · owns less than 5%
    • Bennett Alexander Potts · Chief Executive Officercontrol
      since 01/2009 · owns less than 5%
    • Eli Reinhard · Trusteecontrol
      since 01/2009 · owns 25% to 50% of Child And Grandchildren'S Trusts
    • Eli Reinhard · Shareholdercontrol
      since 01/2009 · owns 50% to 75% of Arcadia Loring Ward LLC
    Entity owners
    • Loring Ward Holdings Inc. · Shareholder
      direct · owns 75% or more
    • Arcadia Loring Ward LLC · Shareholder
      indirect · owns 50% to 75% of Loring Ward Holdings Inc.
    Related persons
    Schedule D 7.A
    Advisers that list Lwi Financial Inc. as a related person
    Offices
    Schedule D 1.F, the 25 largest
    • Sacramento, CA5 employees
    What changed
    consecutive filings, newest first
    • Accounts · 50,587 to 25,748
      Mar 30, 2017 to Apr 2, 2018
    • Advisory employees · 30 to 25
      Mar 30, 2017 to Apr 2, 2018
    • BD registered reps · 64 to 65
      Mar 30, 2017 to Apr 2, 2018
    • Charity clients · unset to 40.0
      Mar 30, 2017 to Apr 2, 2018
    • Corporate clients · unset to 35.0
      Mar 30, 2017 to Apr 2, 2018
    • HNW clients · unset to 1719.0
      Mar 30, 2017 to Apr 2, 2018
    • Individual clients · unset to 23601.0
      Mar 30, 2017 to Apr 2, 2018
    • Pension plan clients · unset to 332.0
      Mar 30, 2017 to Apr 2, 2018
    • Pooled vehicle clients · unset to 0.0
      Mar 30, 2017 to Apr 2, 2018
    • Assets in custody · unset to 5849029176.0
      Mar 30, 2017 to Apr 2, 2018
    • Custody of client assets · false to true
      Mar 30, 2017 to Apr 2, 2018
    • Employees · 112 to 118
      Mar 30, 2017 to Apr 2, 2018
    • State-registered IARs · 40 to 41
      Mar 30, 2017 to Apr 2, 2018
    • Other offices · unset to 1.0
      Mar 30, 2017 to Apr 2, 2018
    • HNW RAUM · unset to 3816377924.0
      Mar 30, 2017 to Apr 2, 2018
    • Individual RAUM · unset to 9974191679.0
      Mar 30, 2017 to Apr 2, 2018
    • Non-discretionary RAUM · $15B to $17B
      Mar 30, 2017 to Apr 2, 2018
    • Pension RAUM · unset to 442921600.0
      Mar 30, 2017 to Apr 2, 2018
    • Pooled vehicle RAUM · unset to 0.0
      Mar 30, 2017 to Apr 2, 2018
    • RAUM · $15B to $17B
      Mar 30, 2017 to Apr 2, 2018
    • Accounts · 52,336 to 50,587
      Oct 3, 2016 to Mar 30, 2017
    • Advisory employees · 28 to 30
      Oct 3, 2016 to Mar 30, 2017
    • BD registered reps · 66 to 64
      Oct 3, 2016 to Mar 30, 2017
    • Employees · 110 to 112
      Oct 3, 2016 to Mar 30, 2017
    • Insurance-licensed employees · 5 to 2
      Oct 3, 2016 to Mar 30, 2017
    • State-registered IARs · 41 to 40
      Oct 3, 2016 to Mar 30, 2017
    • Non-discretionary RAUM · $13B to $15B
      Oct 3, 2016 to Mar 30, 2017
    • RAUM · $13B to $15B
      Oct 3, 2016 to Mar 30, 2017
    • Accounts · 60,833 to 52,336
      Feb 1, 2016 to Mar 24, 2016
    • Advisory employees · 22 to 28
      Feb 1, 2016 to Mar 24, 2016
    • BD registered reps · 62 to 66
      Feb 1, 2016 to Mar 24, 2016
    • Employees · 101 to 110
      Feb 1, 2016 to Mar 24, 2016
    • Insurance-licensed employees · 6 to 5
      Feb 1, 2016 to Mar 24, 2016
    • Financial planning clients · 1-10 to 0
      Feb 1, 2016 to Mar 24, 2016
    • Non-discretionary RAUM · $13B to $13B
      Feb 1, 2016 to Mar 24, 2016
    • RAUM · $13B to $13B
      Feb 1, 2016 to Mar 24, 2016
    • Accounts · 46,060 to 60,833
      Jan 27, 2015 to Mar 27, 2015
    • Advisory employees · 17 to 22
      Jan 27, 2015 to Mar 27, 2015
    • BD registered reps · 55 to 62
      Jan 27, 2015 to Mar 27, 2015
    • Employees · 97 to 101
      Jan 27, 2015 to Mar 27, 2015
    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