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

A•••••• P•••••••• L••

Former SEC-registered adviserWalnut Creek, CaliforniaCRD 114536SEC 801-60495IAPD
Latest filing Mar 29, 2022
First filing on the tape Mar 27, 2012 · 25 filings
RAUM
$1.9B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$1.9B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
10
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$1.9B as of Mar 29, 2022
Mar 27, 2012$143M then
HNW client RAUM$1.7B as of Mar 29, 2022
Mar 20, 2018$531M then
State-registered IARs (5.B.3)5 as of Mar 29, 2022
Feb 14, 20130 then
Employees (5.A)10 as of Mar 29, 2022
Feb 14, 20137 then
Private funds: no history
RAUM +26% over the last fiscal year+39% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 29, 2022; every figure names its basis
RAUM per advisor
$384MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
214derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.1MderivedHNW RAUM over HNW clients
Average account
$1.8MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
5.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+26%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-0.6%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.7B89%
  • Individuals$171M8.9%
  • Corporations and businesses$30.4M1.6%
  • Other investment advisers$7.6M0.4%
Individual clients
271reported
HNW clients
800reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
1,092reported
Financial planning clients
n/areported
Wrap fee programs
$0 sponsored, $754M managedreported
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
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
    • A••••••• R••••• N•• · President, Chief Investment Officer, Chief Compliance Officercontrol
      since 03/2014 · owns less than 5%
    • S••••••••• S••••••••• C••••• · Chief Operations Officercontrol
      since 07/2021 · owns less than 5%
    • R•••• A•••••• T••••• · Trusteecontrol
      since 09/1997 · owns 75% or more of R••• Family Trust- 100% Owner Of A•••••• P••••••• H•••••• C•Mpany
    • R•••• V•••••••• A••• · Trusteecontrol
      since 09/1997 · owns 75% or more of R••• Family Trust -100% Owner Of A•••••• P••••••• H•••••• C•Mpany
    Entity owners
    • A•••••• P••••••• H•••••• C• · Managing Member Of LLC
      direct · owns 75% or more
    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 · 1,088 to 1,092
      Aug 10, 2021 to Mar 29, 2022
    • Corporate clients · 21 to 19
      Aug 10, 2021 to Mar 29, 2022
    • HNW clients · 778 to 800
      Aug 10, 2021 to Mar 29, 2022
    • Individual clients · 300 to 271
      Aug 10, 2021 to Mar 29, 2022
    • Discretionary RAUM · $1.5B to $1.9B
      Aug 10, 2021 to Mar 29, 2022
    • HNW RAUM · $1.3B to $1.7B
      Aug 10, 2021 to Mar 29, 2022
    • Individual RAUM · $199M to $171M
      Aug 10, 2021 to Mar 29, 2022
    • RAUM · $1.5B to $1.9B
      Aug 10, 2021 to Mar 29, 2022
    • Wrap assets (manager) · $386M to $754M
      Aug 10, 2021 to Mar 29, 2022
    • Accounts · 855 to 1,088
      Jan 13, 2021 to Mar 30, 2021
    • Corporate clients · 13 to 21
      Jan 13, 2021 to Mar 30, 2021
    • HNW clients · 629 to 778
      Jan 13, 2021 to Mar 30, 2021
    • Individual clients · 211 to 300
      Jan 13, 2021 to Mar 30, 2021
    • Employees · 9 to 10
      Jan 13, 2021 to Mar 30, 2021
    • State-registered IARs · 4 to 5
      Jan 13, 2021 to Mar 30, 2021
    • Discretionary RAUM · $1.1B to $1.5B
      Jan 13, 2021 to Mar 30, 2021
    • HNW RAUM · $977M to $1.3B
      Jan 13, 2021 to Mar 30, 2021
    • Individual RAUM · $93.4M to $199M
      Jan 13, 2021 to Mar 30, 2021
    • RAUM · $1.1B to $1.5B
      Jan 13, 2021 to Mar 30, 2021
    • Accounts · 693 to 855
      Jan 28, 2020 to Mar 26, 2020
    • Advisory employees · 4 to 5
      Jan 28, 2020 to Mar 26, 2020
    • HNW clients · 496 to 629
      Jan 28, 2020 to Mar 26, 2020
    • Individual clients · 182 to 211
      Jan 28, 2020 to Mar 26, 2020
    • Employees · 8 to 9
      Jan 28, 2020 to Mar 26, 2020
    • State-registered IARs · 0 to 4
      Jan 28, 2020 to Mar 26, 2020
    • Discretionary RAUM · $712M to $1.1B
      Jan 28, 2020 to Mar 26, 2020
    • HNW RAUM · $639M to $977M
      Jan 28, 2020 to Mar 26, 2020
    • Individual RAUM · $60.8M to $93.4M
      Jan 28, 2020 to Mar 26, 2020
    • RAUM · $712M to $1.1B
      Jan 28, 2020 to Mar 26, 2020
    • Wrap assets (manager) · $206M to $386M
      Jan 28, 2020 to Mar 26, 2020
    • Accounts · 434 to 693
      Aug 8, 2018 to Mar 26, 2019
    • Advisory employees · 3 to 4
      Aug 8, 2018 to Mar 26, 2019
    • Corporate clients · 12 to 13
      Aug 8, 2018 to Mar 26, 2019
    • HNW clients · 299 to 496
      Aug 8, 2018 to Mar 26, 2019
    • Individual clients · 121 to 182
      Aug 8, 2018 to Mar 26, 2019
    • Employees · 9 to 8
      Aug 8, 2018 to Mar 26, 2019
    • Discretionary RAUM · $612M to $712M
      Aug 8, 2018 to Mar 26, 2019
    • HNW RAUM · $531M to $639M
      Aug 8, 2018 to Mar 26, 2019
    • Individual RAUM · $47.2M to $60.8M
      Aug 8, 2018 to Mar 26, 2019
    • RAUM · $612M to $712M
      Aug 8, 2018 to Mar 26, 2019
    Signals
    13 dated events
    • J•• X• left A•••••• P•••••••• L•• for C••••••••• (registered 2022-06-22)
      Aug 15, 2022 · a•••••• firm change · fact
    • B•••• J•••• L•• left A•••••• P•••••••• L•• for C••••••••• (registered 2022-06-22)
      Aug 15, 2022 · a•••••• firm change · fact
    • E•••• G••••••• left A•••••• P•••••••• L•• for C••••••••• (registered 2022-06-17)
      Aug 15, 2022 · a•••••• firm change · fact
    • R•••• N•• A•••••• left A•••••• P•••••••• L•• for C••••••••• (registered 2022-06-22)
      Aug 15, 2022 · a•••••• firm change · fact
    • A•••••• P•••••••• L••'s advisors moved to C••••••••• (Walnut Creek, CA): 4 of 4 registered, on the same day
      Aug 15, 2022 · Firm absorbed (people side) · derived
    • A•••••• P•••••••• L•• reported RAUM $1.9B, up 26% from $1.5B (2021-08-10 to 2022-03-29)
      Mar 29, 2022 · RAUM change · derived
    • Lynn Lesley Jones (Chief Compliance Officer) no longer on Schedule A of A•••••• P•••••••• L•• (listed 2021-08-10, absent 2022-03-29)
      Mar 29, 2022 · Control person left · inference
    • Cheryl Stephanie Sidebotham (Chief Operations Officer) appeared on Schedule A of A•••••• P•••••••• L••
      Aug 10, 2021 · Control person joined · fact
    • A•••••• P•••••••• L•• reported RAUM $1.5B, up 40% from $1.1B (2021-01-13 to 2021-03-30)
      Mar 30, 2021 · RAUM change · derived
    • A•••••• P•••••••• L•• reported RAUM $1.1B, up 52% from $711.9M (2020-01-28 to 2020-03-26)
      Mar 26, 2020 · RAUM change · derived
    • Rahul Agrawal (Chief Investment Officer, Chief Operations Officer) appeared on Schedule A of A•••••• P•••••••• L••
      Mar 26, 2019 · Control person joined · fact
    • Lynn Lesley Jones (Chief Compliance Officer) appeared on Schedule A of A•••••• P•••••••• L••
      Mar 26, 2019 · Control person joined · fact
    • A•••••• P•••••••• L•• reported RAUM $611.8M, up 26% from $485.0M (2017-09-20 to 2018-03-20)
      Mar 20, 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