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

C•••••• I••••••••• L••

Independent wealth managerDenver, ColoradoCRD 115093SEC 801-60541websiteIAPD
Latest filing Aug 3, 2026
First filing on the tape Nov 17, 2011 · 23 filings
SEC status approved since Sep 6, 2001
RAUM
$2.9B
reported, Item 5.F
Discretionary
51%
of RAUM
Private clients
63%
$1.8B individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$974M
derived; firm RAUM over IAPD count
Employees
28
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$2.9B as of Aug 3, 2026
Mar 30, 2012$6.6B then
HNW client RAUM$624M as of Aug 3, 2026
Mar 27, 2018$1.7B then
State-registered IARs (5.B.3)3 as of Aug 3, 2026
Mar 30, 20120 then
Employees (5.A)28 as of Aug 3, 2026
Mar 21, 201338 then
Private funds: 1
RAUM -10% over the last fiscal year-5.7% a year over threeIARs 4 to 3
Practice profile
derived from the filing of Aug 3, 2026; every figure names its basis
Archetypes, each a printed rule
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
  • RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$974MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
1,751derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.5MderivedHNW RAUM over HNW clients
Average account
$519,903derivedRAUM over accounts (5.F.2.f)
Discretionary
51%derivedof RAUM
Institutional
10%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
9.3derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-10%derivedbetween the last two annual amendments
Advisor growth, one year
-25%derivedItem 5.B.3 between annual amendments
Client growth, one year
-15%derived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, selection of other advisersreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$318M, 1 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$1.2B41%
  • High-net-worth individuals$624M21%
  • Investment companies$622M21%
  • Corporations and businesses$165M5.6%
  • Pension and profit-sharing plans$133M4.5%
  • Charitable organizations$93.4M3.2%
  • State and municipal entities$79.6M2.7%
  • Insurance companies$388,9980.0%
Individual clients
5,003reported
HNW clients
251reported
Pension plan clients
86reported
Charitable clients
65reported
Accounts
5,623reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $517M managedreported
Custody of client assets
$318M for 1 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.63 fund_share=0.21 institutional_share=0.1 related_bd=false related_bank=false bd_reps=3.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
K•••• M•••••• F•••••••••Denver, CoMar 13, 200730 y1
J••• L•Denver, CoOct 16, 200721 y0
B•••• M••••••• B•••••Chartered Financial AnalystDenver, CoJan 2, 202633 y0
Advisor movement
0 left, 0 joined in 12 months
Private funds
1 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
G••••••• F•••$318M1Aug 3, 2026
Owners and control persons
Schedule A and B, latest filing
  • B•••••• B••••• M••••••• · President/Chief Investment Officercontrol
    since 07/2001 · owns less than 5%
  • F••••••••• K••••• M•••••• · Executive Director - Institutional Sales & Client Servicecontrol
    since 01/2026 · owns less than 5%
  • G••••••••• E••• · Chief Legal Officercontrol
    since 06/2014 · owns less than 5%
  • H••••••••• R•••••••• V•• · Director/Director Of Tradingcontrol
    since 05/2004 · owns less than 5%
  • L••••••••• E•••• K••••••• · Chief Compliance Officercontrol
    since 01/2023 · owns less than 5%
  • N•••••••• J•••••••• D•••• · Director - Tradingcontrol
    since 01/2026 · owns less than 5%
  • S••••• C••••••••• M•••••••• · Executive Directorcontrol
    since 01/2002 · owns less than 5%
  • B•••••• B••••• M••••••• · General & Limited Partnercontrol
    since 07/2001 · owns 75% or more of C•••••• H•••••••• L•••
Entity owners
  • C•••••• H•••••••• L••• · Class A Member (Managing Member)
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • G••••••• C••••••• L•
    investment adviserpooled vehicle sponsorn
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Denver, Co · principal310
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
9 against comparable advisers; where to look, not conclusions
  • unusually high clients per advisorStatic outlier · filing Aug 3, 2026
    private clients per advisor of 1,751.3 against a peer median of 64.5 (1151 comparable advisers, 100.0th percentile, 41.2 robust deviations)
    peers: independent wealth managers, $1B to $5B (1,151) · 100% percentile
  • very high RAUM per advisorStatic outlier · filing Aug 3, 2026
    RAUM per registered advisor of $974,470,702 against a peer median of $146,690,280 (1222 comparable advisers, 99.0th percentile, 8.4 robust deviations)
    peers: independent wealth managers, $1B to $5B (1,222) · 99% percentile
  • control person changedChange between filings · filing Aug 3, 2026
    G••••••••• E••• (CHIEF LEGAL OFFICER) left Schedule A between the filings of 2023-01-19 and 2026-08-03
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Aug 3, 2026
    N•••••••• J•••••••• D•••• (DIRECTOR - TRADING) appeared on Schedule A between the filings of 2023-01-19 and 2026-08-03
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Aug 3, 2026
    F••••••••• K••••• M•••••• (EXECUTIVE DIRECTOR - INSTITUTIONAL SALES & CLIENT SERVICE) appeared on Schedule A between the filings of 2023-01-19 and 2026-08-03
    peers: independent wealth managers, $1B to $5B (1,362)
  • business activity changedChange between filings · filing Aug 3, 2026
    advises private funds (Item 7.B): no on the filing of 2026-03-30, yes on the filing of 2026-08-03
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Aug 3, 2026
    S••••• C••••••••• M•••••••• (EXECUTIVE DIRECTOR) left Schedule A between the filings of 2023-01-19 and 2026-08-03
    peers: independent wealth managers, $1B to $5B (1,362)
  • custody status changedChange between filings · filing Aug 3, 2026
    custody of client assets (Item 9.A): no on the filing of 2026-03-30, yes on the filing of 2026-08-03
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Aug 3, 2026
    H••••••••• R•••••••• V•• (DIRECTOR/DIRECTOR OF TRADING) left Schedule A between the filings of 2023-01-19 and 2026-08-03
    peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
  • Assets in custody · unset to 318040625.0
    Mar 30, 2026 to Aug 3, 2026
  • Custody of client assets · false to true
    Mar 30, 2026 to Aug 3, 2026
  • Private funds · unset to 1
    Mar 30, 2026 to Aug 3, 2026
  • Accounts · 6,627 to 5,623
    Mar 31, 2025 to Mar 30, 2026
  • Advisory employees · 11 to 8
    Mar 31, 2025 to Mar 30, 2026
  • Advisory activities · 4 to 5
    Mar 31, 2025 to Mar 30, 2026
  • BD registered reps · 4 to 3
    Mar 31, 2025 to Mar 30, 2026
  • Charity clients · 75 to 65
    Mar 31, 2025 to Mar 30, 2026
  • Corporate clients · 225 to 197
    Mar 31, 2025 to Mar 30, 2026
  • HNW clients · 219 to 251
    Mar 31, 2025 to Mar 30, 2026
  • Individual clients · 5,974 to 5,003
    Mar 31, 2025 to Mar 30, 2026
  • Pension plan clients · 103 to 86
    Mar 31, 2025 to Mar 30, 2026
  • Employees · 36 to 28
    Mar 31, 2025 to Mar 30, 2026
  • State-registered IARs · 4 to 3
    Mar 31, 2025 to Mar 30, 2026
  • Discretionary RAUM · $1.7B to $1.5B
    Mar 31, 2025 to Mar 30, 2026
  • HNW RAUM · $568M to $624M
    Mar 31, 2025 to Mar 30, 2026
  • Individual RAUM · $1.3B to $1.2B
    Mar 31, 2025 to Mar 30, 2026
  • Non-discretionary RAUM · $1.5B to $1.4B
    Mar 31, 2025 to Mar 30, 2026
  • Pension RAUM · $196M to $133M
    Mar 31, 2025 to Mar 30, 2026
  • RAUM · $3.3B to $2.9B
    Mar 31, 2025 to Mar 30, 2026
  • Wrap assets (manager) · $599M to $517M
    Mar 31, 2025 to Mar 30, 2026
  • Accounts · 7,031 to 6,627
    Mar 21, 2024 to Mar 31, 2025
  • Advisory activities · 3 to 4
    Mar 21, 2024 to Mar 31, 2025
  • BD registered reps · 6 to 4
    Mar 21, 2024 to Mar 31, 2025
  • Charity clients · 84 to 75
    Mar 21, 2024 to Mar 31, 2025
  • Corporate clients · 276 to 225
    Mar 21, 2024 to Mar 31, 2025
  • HNW clients · 197 to 219
    Mar 21, 2024 to Mar 31, 2025
  • Individual clients · 6,338 to 5,974
    Mar 21, 2024 to Mar 31, 2025
  • Assets in custody · 2595712.0 to unset
    Mar 21, 2024 to Mar 31, 2025
  • Custody of client assets · true to false
    Mar 21, 2024 to Mar 31, 2025
  • Employees · 39 to 36
    Mar 21, 2024 to Mar 31, 2025
  • Financial planning clients · unset to
    Mar 21, 2024 to Mar 31, 2025
  • State-registered IARs · 8 to 4
    Mar 21, 2024 to Mar 31, 2025
  • Discretionary RAUM · $1.9B to $1.7B
    Mar 21, 2024 to Mar 31, 2025
  • HNW RAUM · $510M to $568M
    Mar 21, 2024 to Mar 31, 2025
  • Individual RAUM · $1.4B to $1.3B
    Mar 21, 2024 to Mar 31, 2025
  • Non-discretionary RAUM · $1.5B to $1.5B
    Mar 21, 2024 to Mar 31, 2025
  • Pension RAUM · $191M to $196M
    Mar 21, 2024 to Mar 31, 2025
  • RAUM · $3.4B to $3.3B
    Mar 21, 2024 to Mar 31, 2025
  • Wrap assets (manager) · $632M to $599M
    Mar 21, 2024 to Mar 31, 2025
Signals
4 dated events
  • C•••••• I••••••••• L•• reported RAUM $3.5B, down 39% from $5.7B (2023-01-19 to 2023-03-23)
    Mar 23, 2023 · RAUM change · derived
  • Kathleen Erin Laffrenzen (Chief Compliance Officer) appeared on Schedule A of C•••••• I••••••••• L••
    Jan 19, 2023 · Control person joined · fact
  • Holmes Nancy Wigton (Executive Director/Director Of Marketing) no longer on Schedule A of C•••••• I••••••••• L•• (listed 2021-03-29, absent 2022-03-22)
    Mar 22, 2022 · Control person left · inference
  • C•••••• I••••••••• L•• reported RAUM $6.4B, down 31% from $9.4B (2020-06-09 to 2021-03-29)
    Mar 29, 2021 · 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
Business phone
866-777-8227reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
888-673-9950reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
LINKEDIN.COM/COMPANY/C••••••-INVESTORSreportedpublic record, Form ADV, Sep 18, 2026
Website
cambiar.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
888-673-9950reportedpublic record, Form ADV, Aug 3, 2026
Contact form
cambiar.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
Team page
cambiar.com/peoplereportedpublished by the firm, firm site, Sep 15, 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
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$974Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026