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

M••••••• • C•••••• L••

Other adviserSan Francisco, CaliforniaCRD 115060SEC 801-60509websiteIAPD
Latest filing Sep 16, 2026
First filing on the tape Dec 15, 2011 · 37 filings
SEC status approved since Oct 11, 2001
RAUM
$7.6B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.2%
$17.1M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$7.6B
derived; firm RAUM over IAPD count
Employees
26
14 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
37 filings and snapshots on the tape
RAUM$7.6B as of Jul 24, 2026
Mar 30, 2012$5.5B then
HNW client RAUM$12.3M as of Jul 24, 2026
Mar 29, 2018$0 then
State-registered IARs (5.B.3)1 as of Jul 24, 2026
Apr 1, 20130 then
Employees (5.A)26 as of Jul 24, 2026
Apr 1, 201325 then
Private funds8 as of Jul 24, 2026
Mar 31, 20151 then
RAUM +2.5% over the last fiscal year+4.8% a year over threeIARs 1 to 1offices 3 to 2
Practice profile
derived from the filing of Sep 16, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$7.6BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
41derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$817,128derivedHNW RAUM over HNW clients
Average account
$34.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
40%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
26.0derivedItem 5.A over advisors
Advisors per office
0.3derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+2.5%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-35%derived
Compensation
percentage of assets, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
Custody
$110M, 3 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
  • 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)
  • 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)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pension and profit-sharing plans$3.0B61%
  • Pooled investment vehicles$1.9B38%
  • High-net-worth individuals$12.3M0.2%
  • Individuals$4.9M0.1%
Individual clients
26reported
HNW clients
15reported
Pension plan clients
32reported
Charitable clients
n/areported
Accounts
221reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$110M for 3 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.25 institutional_share=0.4 related_bd=true related_bank=false bd_reps=9.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J••• F• S•••• S•••••••••Coral Gables , Fl Oct 12, 201219 y1
Advisor movement
0 left, 0 joined in 12 months
Private funds
6 reported on Schedule D 7.B.(1)
Owners and control persons
Schedule A and B, latest filing
  • D••••• T•••••• A•••••• · President Of Equity Division, Portfolio Managercontrol
    since 11/2020 · owns less than 5%
  • J••••• A•••••• S• · General Counsel And Chief Compliance Officercontrol
    since 07/2012 · owns less than 5%
  • L•••••• S••••• T••••• · Co-Chief Investment Officer Of Equity Division, Portfolio Managercontrol
    since 11/2020 · owns less than 5%
  • M•••••• B••••• T••••• · President, Board Of Managers, Membercontrol
    since 09/2002 · owns 10% to 25%
  • R•••• R•••• J•••• · Co-Chief Investment Officer Of Equity Division, Portfolio Managercontrol
    since 11/2020 · owns less than 5%
  • S••••••••• J•••• F• S•••• · Ceo & Board Of Managerscontrol
    since 01/2008 · owns 10% to 25%
  • T•••••• K••• H•••••• · Chief Investment Officercontrol
    since 07/2020 · owns less than 5%
Entity owners
  • M•• H••••••• G•• L•• · Owner
    direct · owns less than 5%
  • M•• H•••••••• L• · Owner
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • M••••••• • C•••••• C•••••• A••••••• L••
    broker-dealery
  • M••••••• I••••••••• F••• I• G•• L••
    pooled vehicle sponsory
  • M••••••• I••••••••• F••• I• •••••• G• L••
    pooled vehicle sponsory
  • M••••••• I••••••••• F••• I• G• L••
    pooled vehicle sponsory
  • M••••••• N•••• G• I•• L••
    pooled vehicle sponsory
  • M••••••• O••••••••• F••• G•• L••
    pooled vehicle sponsory
  • M••••••• V•••••• F••• V•• G•• L••
    pooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
  • Thousand Oaks, CA3 employees
  • Burbank, CA2 employees
What changed
consecutive filings, newest first
  • Financial planning clients · to unset
    Jul 24, 2026 to Sep 16, 2026
  • Private funds · 8 to unset
    Jul 24, 2026 to Sep 16, 2026
  • Succession · false to unset
    Jul 24, 2026 to Sep 16, 2026
  • Accounts · 238 to 221
    Jun 12, 2025 to Mar 30, 2026
  • Advisory employees · 16 to 14
    Jun 12, 2025 to Mar 30, 2026
  • BD registered reps · 11 to 9
    Jun 12, 2025 to Mar 30, 2026
  • HNW clients · 27 to 15
    Jun 12, 2025 to Mar 30, 2026
  • Individual clients · 36 to 26
    Jun 12, 2025 to Mar 30, 2026
  • Pension plan clients · 29 to 32
    Jun 12, 2025 to Mar 30, 2026
  • Assets in custody · $116M to $110M
    Jun 12, 2025 to Mar 30, 2026
  • Employees · 29 to 26
    Jun 12, 2025 to Mar 30, 2026
  • Other offices · 3 to 2
    Jun 12, 2025 to Mar 30, 2026
  • Private funds · 6 to 8
    Jun 12, 2025 to Mar 30, 2026
  • Discretionary RAUM · $7.4B to $7.6B
    Jun 12, 2025 to Mar 30, 2026
  • HNW RAUM · $34.3M to $12.3M
    Jun 12, 2025 to Mar 30, 2026
  • Individual RAUM · $9.4M to $4.9M
    Jun 12, 2025 to Mar 30, 2026
  • Non-discretionary RAUM · $5.9M to $5.3M
    Jun 12, 2025 to Mar 30, 2026
  • Pension RAUM · $2.8B to $3.0B
    Jun 12, 2025 to Mar 30, 2026
  • Pooled vehicle RAUM · $2.0B to $1.9B
    Jun 12, 2025 to Mar 30, 2026
  • RAUM · $7.4B to $7.6B
    Jun 12, 2025 to Mar 30, 2026
  • Financial planning clients · unset to
    Mar 26, 2025 to Jun 12, 2025
  • Advisory employees · 19 to 16
    Dec 9, 2024 to Mar 26, 2025
  • BD registered reps · 12 to 11
    Dec 9, 2024 to Mar 26, 2025
  • Individual clients · 23 to 36
    Dec 9, 2024 to Mar 26, 2025
  • Pension plan clients · 28 to 29
    Dec 9, 2024 to Mar 26, 2025
  • Assets in custody · $111M to $116M
    Dec 9, 2024 to Mar 26, 2025
  • Employees · 31 to 29
    Dec 9, 2024 to Mar 26, 2025
  • State-registered IARs · 0 to 1
    Dec 9, 2024 to Mar 26, 2025
  • Other offices · 2 to 3
    Dec 9, 2024 to Mar 26, 2025
  • Discretionary RAUM · $7.0B to $7.4B
    Dec 9, 2024 to Mar 26, 2025
  • HNW RAUM · $30.5M to $34.3M
    Dec 9, 2024 to Mar 26, 2025
  • Individual RAUM · $3.3M to $9.4M
    Dec 9, 2024 to Mar 26, 2025
  • Non-discretionary RAUM · $5.5M to $5.9M
    Dec 9, 2024 to Mar 26, 2025
  • Pension RAUM · $2.2B to $2.8B
    Dec 9, 2024 to Mar 26, 2025
  • Pooled vehicle RAUM · $2.0B to $2.0B
    Dec 9, 2024 to Mar 26, 2025
  • RAUM · $7.1B to $7.4B
    Dec 9, 2024 to Mar 26, 2025
  • Accounts · 176 to 238
    Oct 13, 2023 to Mar 21, 2024
  • Advisory employees · 18 to 19
    Oct 13, 2023 to Mar 21, 2024
  • HNW clients · 9 to 27
    Oct 13, 2023 to Mar 21, 2024
  • Individual clients · 19 to 23
    Oct 13, 2023 to Mar 21, 2024
Signals
10 dated events
  • Anthony Thomas Derse (President Of Equity Division, Portfolio Manager) appeared on Schedule A of M••••••• • C•••••• L••
    Nov 10, 2020 · Control person joined · fact
  • Thomas Scott Larson (Co-Chief Investment Officer Of Equity Division, Portfolio Manager) appeared on Schedule A of M••••••• • C•••••• L••
    Nov 10, 2020 · Control person joined · fact
  • Jared Ryan Ross (Co-Chief Investment Officer Of Equity Division, Portfolio Manager) appeared on Schedule A of M••••••• • C•••••• L••
    Nov 10, 2020 · Control person joined · fact
  • Carmen Racy-Choy (Chief Investment Officer) no longer on Schedule A of M••••••• • C•••••• L•• (listed 2020-03-30, absent 2020-07-28)
    Jul 28, 2020 · Control person left · inference
  • Hiroshi Ken Tsuboi (Chief Investment Officer) appeared on Schedule A of M••••••• • C•••••• L••
    Jul 28, 2020 · Control person joined · fact
  • Sig Mark Johnson (Managing Director, Member) no longer on Schedule A of M••••••• • C•••••• L•• (listed 2019-03-29, absent 2019-05-17)
    May 17, 2019 · Control person left · inference
  • Robert Mark Taylor (Managing Director, Member) no longer on Schedule A of M••••••• • C•••••• L•• (listed 2019-03-29, absent 2019-05-17)
    May 17, 2019 · Control person left · inference
  • Li-Wei Tony Chen (Controller) no longer on Schedule A of M••••••• • C•••••• L•• (listed 2019-03-29, absent 2019-05-17)
    May 17, 2019 · Control person left · inference
  • Joseph Ronald Bucci (Managing Director, Member) no longer on Schedule A of M••••••• • C•••••• L•• (listed 2019-03-29, absent 2019-05-17)
    May 17, 2019 · Control person left · inference
  • Keith Brian Jackson (Managing Director, Member) no longer on Schedule A of M••••••• • C•••••• L•• (listed 2019-03-29, absent 2019-05-17)
    May 17, 2019 · Control person left · inference
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Website
H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
415-788-9300reportedpublic record, Form ADV, Sep 16, 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
Other adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
$7.6Bderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026