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

A•• F••••••••• L••

Independent wealth managerLos Gatos, CaliforniaCRD 115479SEC 801-121203IAPD
Latest filing Jan 5, 2026
First filing on the tape Apr 12, 2021 · 12 filings
SEC status approved since May 13, 2021
RAUM
$187M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
84%
$156M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$187M
derived; firm RAUM over IAPD count
Employees
1
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$187M as of Jan 5, 2026
Jan 12, 2022$118M then
HNW client RAUM$125M as of Jan 5, 2026
Jan 12, 2022$66.0M then
State-registered IARs (5.B.3)1 as of Jan 5, 2026
Jan 12, 20221 then
Employees (5.A)1 as of Jan 5, 2026
Jan 12, 20221 then
Private funds: no history
RAUM +15% over the last fiscal year+19% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Jan 5, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$187MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
176derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.1MderivedHNW RAUM over HNW clients
Average account
$982,675derivedRAUM over accounts (5.F.2.f)
Discretionary
96%derivedof RAUM
Institutional
16%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+15%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+20%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$35.7M, 42 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$125M67%
  • Individuals$30.9M17%
  • Pension and profit-sharing plans$30.8M16%
Individual clients
66reported
HNW clients
110reported
Pension plan clients
14reported
Charitable clients
n/areported
Accounts
190reported
Financial planning clients
26-50reported
Wrap fee programs
$0 sponsored, $179M managedreported
Custody of client assets
$35.7M for 42 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.84 fund_share=0.0 institutional_share=0.16 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
R•••• M•••••• S•••Certified Financial PlannerLos Gatos, CaApr 5, 200231 y0
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
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
      • S•••• R••••• M•••••• · Managing Member/Ccocontrol
        since 09/2001 · 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.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • account count collapseChange between filings · filing Jan 5, 2026
        accounts (Item 5.F.2.f) moved from 309.0 to 190.0 (-39.0%) between the annual amendments of 2025-01-13 and 2026-01-05; the peer median change was +5.0% (3686 comparable advisers, 4.0th percentile of changes)
        peers: independent wealth managers, $100M to $500M (3,686) · 4.1% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 309 to 190
        Jan 13, 2025 to Jan 5, 2026
      • HNW clients · 105 to 110
        Jan 13, 2025 to Jan 5, 2026
      • Individual clients · 42 to 66
        Jan 13, 2025 to Jan 5, 2026
      • Pension plan clients · 13 to 14
        Jan 13, 2025 to Jan 5, 2026
      • Assets in custody · $28.6M to $35.7M
        Jan 13, 2025 to Jan 5, 2026
      • Discretionary RAUM · $163M to $179M
        Jan 13, 2025 to Jan 5, 2026
      • HNW RAUM · $122M to $125M
        Jan 13, 2025 to Jan 5, 2026
      • Individual RAUM · $12.6M to $30.9M
        Jan 13, 2025 to Jan 5, 2026
      • Non-discretionary RAUM · $0 to $7.8M
        Jan 13, 2025 to Jan 5, 2026
      • Pension RAUM · $27.9M to $30.8M
        Jan 13, 2025 to Jan 5, 2026
      • RAUM · $163M to $187M
        Jan 13, 2025 to Jan 5, 2026
      • Wrap assets (manager) · $163M to $179M
        Jan 13, 2025 to Jan 5, 2026
      • Accounts · 296 to 309
        Jan 9, 2024 to Jan 13, 2025
      • HNW clients · 95 to 105
        Jan 9, 2024 to Jan 13, 2025
      • Individual clients · 66 to 42
        Jan 9, 2024 to Jan 13, 2025
      • Pension plan clients · 14 to 13
        Jan 9, 2024 to Jan 13, 2025
      • Assets in custody · $25.7M to $28.6M
        Jan 9, 2024 to Jan 13, 2025
      • Financial planning clients · 26-50 to 26-50
        Jan 9, 2024 to Jan 13, 2025
      • Discretionary RAUM · $137M to $163M
        Jan 9, 2024 to Jan 13, 2025
      • HNW RAUM · $91.0M to $122M
        Jan 9, 2024 to Jan 13, 2025
      • Individual RAUM · $18.8M to $12.6M
        Jan 9, 2024 to Jan 13, 2025
      • Pension RAUM · $27.3M to $27.9M
        Jan 9, 2024 to Jan 13, 2025
      • RAUM · $137M to $163M
        Jan 9, 2024 to Jan 13, 2025
      • Wrap assets (manager) · $137M to $163M
        Jan 9, 2024 to Jan 13, 2025
      • Accounts · 251 to 296
        Sep 5, 2023 to Jan 9, 2024
      • HNW clients · 76 to 95
        Sep 5, 2023 to Jan 9, 2024
      • Individual clients · 54 to 66
        Sep 5, 2023 to Jan 9, 2024
      • Pension plan clients · 19 to 14
        Sep 5, 2023 to Jan 9, 2024
      • Assets in custody · $21.6M to $25.7M
        Sep 5, 2023 to Jan 9, 2024
      • Discretionary RAUM · $112M to $137M
        Sep 5, 2023 to Jan 9, 2024
      • HNW RAUM · $62.5M to $91.0M
        Sep 5, 2023 to Jan 9, 2024
      • Individual RAUM · $17.7M to $18.8M
        Sep 5, 2023 to Jan 9, 2024
      • Pension RAUM · $31.7M to $27.3M
        Sep 5, 2023 to Jan 9, 2024
      • RAUM · $112M to $137M
        Sep 5, 2023 to Jan 9, 2024
      • Wrap assets (manager) · $112M to $137M
        Sep 5, 2023 to Jan 9, 2024
      • Accounts · 254 to 251
        Jan 12, 2022 to Mar 5, 2023
      • HNW clients · 70 to 76
        Jan 12, 2022 to Mar 5, 2023
      • Pension plan clients · 20 to 19
        Jan 12, 2022 to Mar 5, 2023
      • Assets in custody · $23.8M to $21.6M
        Jan 12, 2022 to Mar 5, 2023
      • Discretionary RAUM · $118M to $112M
        Jan 12, 2022 to Mar 5, 2023
      Signals
      1 dated events
      • A•• F••••••••• L•• filed its initial SEC registration (Form ADV)
        Apr 12, 2021 · First SEC registration · fact
      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
      Principal office phone
      408.283.7256reportedpublic record, Form ADV, Jan 5, 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
      $187Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026