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

Q••••• F••••• I•••

Former SEC-registered adviserBerwyn, PennsylvaniaCRD 114114SEC 801-60603IAPD
Latest filing Apr 28, 2017
First filing on the tape Mar 22, 2012 · 11 filings
RAUM
$154M
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
6
2 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$154M as of Mar 30, 2017
Mar 22, 2012$339M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2017
Mar 22, 20120 then
Employees (5.A)6 as of Mar 30, 2017
Apr 1, 201312 then
Private funds: no history
RAUM -29% over the last fiscal year-22% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 28, 2017; every figure names its basis
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
$30.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%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
-29%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 assetsreportedItem 5.E
Advisory activities
portfolio management for investment companiesreportedItem 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • 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
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
5reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
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
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•••••••• J•••••• K•••• · Chief Operations Officercontrol
        since 12/2007 · owns 10% to 25%
      • K••••• L••••• · Shareholder,Treasurer,Secretary,Cfocontrol
        since 02/2002 · owns 50% to 75%
      • K•••• J•••••• H••••• · Ceo, Shareholder,Chairman,Director,control
        since 05/2001 · owns 50% to 75%
      • R•••••••• T••••••• E••••• · Chief Compliance Officercontrol
        since 03/2004 · owns less than 5%
      • K•••••••• T•••••• F•••• · Portfolio Manager
        since 07/2010 · owns 10% to 25%
      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
      • Advisory employees · 3 to 2
        Oct 5, 2016 to Mar 30, 2017
      • BD registered reps · 2 to 1
        Oct 5, 2016 to Mar 30, 2017
      • Employees · 10 to 6
        Oct 5, 2016 to Mar 30, 2017
      • Discretionary RAUM · $215M to $154M
        Oct 5, 2016 to Mar 30, 2017
      • RAUM · $215M to $154M
        Oct 5, 2016 to Mar 30, 2017
      • Employees · 12 to 10
        Feb 24, 2015 to Mar 29, 2016
      • Discretionary RAUM · $334M to $215M
        Feb 24, 2015 to Mar 29, 2016
      • RAUM · $334M to $215M
        Feb 24, 2015 to Mar 29, 2016
      • Accounts · 7 to 5
        Oct 31, 2014 to Feb 24, 2015
      • Discretionary RAUM · $325M to $334M
        Oct 31, 2014 to Feb 24, 2015
      • RAUM · $325M to $334M
        Oct 31, 2014 to Feb 24, 2015
      • HQ city · MALVERN to BERWYN
        Mar 26, 2014 to Oct 31, 2014
      • Discretionary RAUM · $263M to $325M
        Apr 1, 2013 to Mar 26, 2014
      • RAUM · $263M to $325M
        Apr 1, 2013 to Mar 26, 2014
      • Accounts · 8 to 7
        Mar 22, 2012 to Apr 1, 2013
      • Advisory employees · unset to 3.0
        Mar 22, 2012 to Apr 1, 2013
      • BD registered reps · unset to 2.0
        Mar 22, 2012 to Apr 1, 2013
      • Employees · unset to 12.0
        Mar 22, 2012 to Apr 1, 2013
      • Discretionary RAUM · $339M to $263M
        Mar 22, 2012 to Apr 1, 2013
      • RAUM · $339M to $263M
        Mar 22, 2012 to Apr 1, 2013
      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