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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SEC-registered adviser

L•••••• A••••••• G••••• L••

Institutional managerChicago, IllinoisCRD 114003SEC 801-60805websiteIAPD
Latest filing Mar 24, 2026
First filing on the tape Mar 30, 2012 · 22 filings
SEC status approved since Dec 28, 2001
RAUM
$3.2B
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
11
9 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$3.2B as of Mar 24, 2026
Mar 30, 2012$570M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 24, 2026
Mar 30, 20120 then
Employees (5.A)11 as of Mar 24, 2026
Mar 21, 20136 then
Private funds: no history
RAUM +2.3% over the last fiscal year+3.6% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 24, 2026; every figure names its basis
Archetypes, each a printed rule
  • institutional asset m•••••• · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
  • PE backed · a Schedule A entity owner at 25 percent or more whose exact legal name is a PE fund vehicle or a classified PE sponsor on the DFX private equity graph
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
$3.2BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
100%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
+2.3%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 institutionsreportedItem 5.G
Custody
$15.0M, 1 clientsreportedItem 9.A
Ownership
a PE fund or sponsor is a 25 percent or greater owner on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has custody of client cash or bank accounts (9.A.1.a)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$3.2B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$15.0M for 1 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.0 institutional_share=1.0 related_bd=false related_bank=false bd_reps=0.0derived
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
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••••• S••••• M••••• · Chief Compliance Officercontrol
        since 09/2017 · owns less than 5%
      • K••••• G•••• F•••••• · Presidentcontrol
        since 04/2002 · owns less than 5%
      • C••••• J••••• D••••• · Sole Membercontrol
        since 03/2005 · owns 75% or more of J• T•••••• G•• L••
      • D••••• C••••••• A••••• · Sole Membercontrol
        since 07/2013 · owns 75% or more of C• T•••••• V•• L••
      • F•••••••• S••••••• N•• · Sole Membercontrol
        since 12/2013 · owns 75% or more of S• T•••••• V•• L••
      • W••••••• D••••• J•• · Sole Membercontrol
        since 03/2005 · owns 75% or more of D• T•••••• G•• L••
      • Z•••••• N••••••• D•••• · Sole Membercontrol
        since 11/2006 · owns 75% or more of N• T•••••• G•• L••
      Entity owners
      • R•••• P••••••• C•••••• B••••••• L•• · Sole Member
        direct · owns 75% or more
      • C• T•••••• V•• L•• · General Partner
        indirect · owns F of T•••••• C•••••• I• L•
      • D• T•••••• G•• L•• · General Partner
        indirect · owns F of T•••••• C•••••• I• L•
      • J• T•••••• G•• L•• · General Partner
        indirect · owns F of T•••••• C•••••• I• L•
      • N• T•••••• G•• L•• · General Partner
        indirect · owns F of T•••••• C•••••• I• L•
      • R•••• P••••••• C•••••• H••••••• L• · Owner
        indirect · owns 75% or more of R•••• P••••••• C•••••• I••••••••• L••
      • R•••• P••••••• C•••••• I••••••••• L•• · Owner
        indirect · owns 75% or more of R•••• P••••••• C•••••• B••••••• L••
      • R•••• P••••••• H••••••• G• L•• · General Partner
        indirect · owns F of R•••• P••••••• C•••••• H••••••• L•
      • S• T•••••• V•• L•• · General Partner
        indirect · owns F of T•••••• C•••••• I• L•
      • T•••••• C•••••• I• L• · General Partner
        indirect · owns F of T•••••• I• L•
      • T•••••• C•••••• I• L• · General Partner
        indirect · owns F of T•••••• R•••• H••••••• L•
      • T•••••• C•••••• I• L• · General Partner
        indirect · owns F of T••• P••••••• R•• C••••• L•
      • T•••••• R•••• H••••••• L• · Member
        indirect · owns 75% or more of T•••••• R•••• H••••••• L••
      • T••• P••••••• R•• C••••• L• · Limited Partner
        indirect · owns 25% to 50% of T•••••• R•••• H••••••• L•
      • T•••••• I• L• · Limited Partner
        indirect · owns 25% to 50% of T•••••• R•••• H••••••• L•
      • T•••••• R•••• H••••••• L•• · Limited Partner
        indirect · owns 75% or more of R•••• P••••••• C•••••• H••••••• L•
      Related persons
      Schedule D 7.A
      • L•••••• I••••••••• M••••••• L••
        pooled vehicle sponsorn
      • L•••••• I••••••••• A••••••• L••
        investment advisern
      • L•••••• P••••••• C•••••• C••••••••• S•••••• E••••••••• L••
        investment companyn
      • L•••••• P••••••• C•••••• C••••••••• L••
        investment companyn
      • L•••••• P••••••• C•••••• O• F••••••• L••
        investment companyn
      • L•• C••••••••• S•••••••• L••
        investment companyn
      • L•• R••••• A••••••• I• L••
        investment advisernRAUM $1.6B
      • L•• W•••• L••
        investment companyn
      Advisers that list L•••••• A••••••• G••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Chicago, IL11 employees
      What changed
      consecutive filings, newest first
      • Advisory employees · 8 to 9
        Jul 23, 2025 to Mar 24, 2026
      • Business name · L•••••• A••••••• to L•••••• A••••••• G••••• L••
        Jul 23, 2025 to Mar 24, 2026
      • Assets in custody · $23.3M to $15.0M
        Jul 23, 2025 to Mar 24, 2026
      • Employees · 10 to 11
        Jul 23, 2025 to Mar 24, 2026
      • Discretionary RAUM · $3.2B to $3.2B
        Jul 23, 2025 to Mar 24, 2026
      • RAUM · $3.2B to $3.2B
        Jul 23, 2025 to Mar 24, 2026
      • Financial planning clients · unset to
        Apr 25, 2025 to Jul 23, 2025
      • Advisory employees · 7 to 8
        Mar 28, 2024 to Apr 25, 2025
      • Assets in custody · $21.4M to $23.3M
        Mar 28, 2024 to Apr 25, 2025
      • HQ city · DALLAS to CHICAGO
        Mar 28, 2024 to Apr 25, 2025
      • HQ state · TX to IL
        Mar 28, 2024 to Apr 25, 2025
      • State-registered IARs · 1 to 0
        Mar 28, 2024 to Apr 25, 2025
      • Other offices · 1 to 0
        Mar 28, 2024 to Apr 25, 2025
      • Discretionary RAUM · $3.0B to $3.2B
        Mar 28, 2024 to Apr 25, 2025
      • RAUM · $3.0B to $3.2B
        Mar 28, 2024 to Apr 25, 2025
      • Advisory employees · 8 to 7
        Aug 7, 2023 to Mar 28, 2024
      • Assets in custody · $11.9M to $21.4M
        Aug 7, 2023 to Mar 28, 2024
      • Employees · 11 to 10
        Aug 7, 2023 to Mar 28, 2024
      • State-registered IARs · 0 to 1
        Aug 7, 2023 to Mar 28, 2024
      • Discretionary RAUM · $2.9B to $3.0B
        Aug 7, 2023 to Mar 28, 2024
      • RAUM · $2.9B to $3.0B
        Aug 7, 2023 to Mar 28, 2024
      • HQ city · CHICAGO to DALLAS
        Apr 7, 2023 to Aug 7, 2023
      • HQ state · IL to TX
        Apr 7, 2023 to Aug 7, 2023
      • Other offices · 0 to 1
        Apr 7, 2023 to Aug 7, 2023
      • Legal name · L•••••• A••••••• G••••• L••• to L•••••• A••••••• G••••• L••
        Mar 3, 2023 to Apr 7, 2023
      • Succession · true to false
        Mar 3, 2023 to Apr 7, 2023
      • Assets in custody · $7.3M to $11.9M
        Mar 30, 2022 to Mar 3, 2023
      • Organization form · Limited Partnership to Limited Liability Company
        Mar 30, 2022 to Mar 3, 2023
      • Discretionary RAUM · $2.3B to $2.9B
        Mar 30, 2022 to Mar 3, 2023
      • RAUM · $2.3B to $2.9B
        Mar 30, 2022 to Mar 3, 2023
      • Succession · false to true
        Mar 30, 2022 to Mar 3, 2023
      • Advisory employees · 6 to 8
        Mar 31, 2021 to Mar 30, 2022
      • Assets in custody · $7.6M to $7.3M
        Mar 31, 2021 to Mar 30, 2022
      • Employees · 8 to 11
        Mar 31, 2021 to Mar 30, 2022
      • Discretionary RAUM · $1.7B to $2.3B
        Mar 31, 2021 to Mar 30, 2022
      • RAUM · $1.7B to $2.3B
        Mar 31, 2021 to Mar 30, 2022
      • Assets in custody · $8.9M to $7.6M
        Mar 23, 2020 to Mar 31, 2021
      • Discretionary RAUM · $1.4B to $1.7B
        Mar 23, 2020 to Mar 31, 2021
      • RAUM · $1.4B to $1.7B
        Mar 23, 2020 to Mar 31, 2021
      • Assets in custody · $5.3M to $8.9M
        Mar 27, 2019 to Mar 23, 2020
      Signals
      12 dated events
      • Dawson James Carey (Sole Member) appeared on Schedule A of L•••••• A••••••• G••••• L••
        Apr 7, 2023 · Control person joined · fact
      • Arthur Charles Davis (Sole Member) appeared on Schedule A of L•••••• A••••••• G••••• L••
        Apr 7, 2023 · Control person joined · fact
      • Nmn Stephen Friedman (Sole Member) appeared on Schedule A of L•••••• A••••••• G••••• L••
        Apr 7, 2023 · Control person joined · fact
      • Jay David Wermuth (Sole Member) appeared on Schedule A of L•••••• A••••••• G••••• L••
        Apr 7, 2023 · Control person joined · fact
      • David Nicolas Zerbib (Sole Member) appeared on Schedule A of L•••••• A••••••• G••••• L••
        Apr 7, 2023 · Control person joined · fact
      • L•••••• A••••••• reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Mar 3, 2023 · Succession (Item 4) · fact
      • L•••••• A••••••• G••••• L•• reported RAUM $2.9B, up 27% from $2.3B (2022-03-30 to 2023-03-03)
        Mar 3, 2023 · RAUM change · derived
      • Mack Alfred Pogue (Limited Partner) no longer on Schedule A of L•••••• A••••••• G••••• L•• (listed 2022-03-30, absent 2023-03-03)
        Mar 3, 2023 · Control person left · inference
      • Bradford John Grissim (Limited Partner) no longer on Schedule A of L•••••• A••••••• G••••• L•• (listed 2022-03-30, absent 2023-03-03)
        Mar 3, 2023 · Control person left · inference
      • Gregory S. Courtwright (Owner) no longer on Schedule A of L•••••• A••••••• G••••• L•• (listed 2022-03-30, absent 2023-03-03)
        Mar 3, 2023 · Control person left · inference
      • Clayborne William Duvall (Trustee) no longer on Schedule A of L•••••• A••••••• G••••• L•• (listed 2022-03-30, absent 2023-03-03)
        Mar 3, 2023 · Control person left · inference
      • L•••••• A••••••• G••••• L•• reported RAUM $2.3B, up 31% from $1.7B (2021-03-31 to 2022-03-30)
        Mar 30, 2022 · 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.
      How to reach
      public business contact points only, each with its source
      Website
      lincolnadvisors.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      312-345-8780reportedpublic record, Form ADV, Mar 24, 2026
      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
      Institutional managerderiveda 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