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

K•••••••• L••

Former SEC-registered adviserBirmingham, AlabamaCRD 116047SEC 801-60687IAPD

Latest filing Feb 23, 2018

First filing on the tape Mar 29, 2012 · 16 filings

RAUM

$7.1M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

0.0%

$0 individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

n/a

derived; firm RAUM over IAPD count

Employees

3 advisory (5.B.1)

Offices

beyond the principal office

Private funds

$7.1M gross assets

History

16 filings and snapshots on the tape

RAUM$7.1M as of Feb 23, 2018

Mar 29, 2012$470M then

HNW client RAUM: no history

State-registered IARs (5.B.3)3 as of Feb 23, 2018

Mar 29, 20120 then

Employees (5.A)3 as of Feb 23, 2018

Mar 28, 201314 then

Private funds2 as of Feb 23, 2018

Mar 29, 20127 then

RAUM -98% over the last fiscal year-76% a year over threeIARs 5 to 3

Practice profile

derived from the filing of Feb 23, 2018; every figure names its basis

RAUM per advisor: $2.4MderivedRAUM 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: $7.1MderivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.0derivedItem 5.A over advisors
Advisors per office: 3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year: -98%derivedbetween the last two annual amendments
Advisor growth, one year: -40%derivedItem 5.B.3 between annual amendments
Client growth, one year: unknownderived
Compensation: percentage of assetsreportedItem 5.E
Advisory activities: portfolio management for pooled vehiclesreportedItem 5.G
Custody: $7.1M, 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)
has custody of client cash or bank accounts (9.A.1.a)
has custody of client securities (9.A.1.b)
an independent public accountant performs a surprise examination (9.C.1)
a related person acts as qualified custodian (9.D.2)

Where the RAUM sits

Form ADV Item 5.D, latest filing

Pooled investment vehicles$7.1M100%

Individual clients: n/areported
HNW clients: n/areported
Pension plan clients: n/areported
Charitable clients: n/areported
Accounts: 1reported
Financial planning clients: n/areported
Wrap fee programs: noreported
Custody of client assets: $7.1M for 1 clientsreported
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

J••••• W•••• L•••••••• to W•••••• A•••••••• L••
Mar 9, 2018 · Other
J••• B•••• C•• to W•••••• A•••••••• L••
Mar 9, 2018 · Other
A••••• A••• G••••••• to W•••••• A•••••••• L••
Feb 23, 2018 · Other
P•••• B••••••••• B•••• to B••••••••• W••••• M•••••••••
Jan 9, 2017 · Other
J••••••• E••• M••••••• to B••••••••• W••••• M•••••••••
Jan 9, 2017 · Other
C•••• R••• H•••••• to N••••••• W••••• M••••••••• L••
Jan 7, 2015 · Other
C••• J•••• G•••• to N••••••• W••••• M••••••••• L••
Dec 9, 2014 · Other
D•••• K••• W••• to B••••••••• W••••• M•••••••••
May 30, 2014 · Other
H••••• A••••• H••••••••• to W•••• H••••••• I•••
Aug 28, 2012 · Other
D••••• S•••• M••••• to B•••• F•••••••• A•••••••
Dec 17, 2010 · Other
B••••• B•••••• H•••••• to W•••• H••••••• I•••
Feb 23, 2009 · Other
B•••••• W•••• to E••••••• A••••••• G••••• L••
Sep 24, 2008 · Other
D••••• F• L••••••• to W•••• H••••••• I•••
Jul 3, 2008 · Other
A••••• S•••• P••••••• to M•• I•••••••• S•••••••• L••
May 23, 2008 · Other
J••• P• M•••••• to W•••• H••••••• I•••
Jan 31, 2007 · Other

Joined, latest

A••••• A••• G••••••• from M•• I•••••••• S•••••••• L••
Apr 27, 2015 · Other
C••• J•••• G•••• from P••••• W•••• I••••••••• A•••••••• I•••
Feb 1, 2011 · Other
J••• P• M•••••• from H••••••• A••••••••• I••
May 26, 2005 · Other

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

3 left for W•••••• A•••••••• L••
Feb 23, 2018 · Birmingham, Al · Firm absorbed
2 left for B••••••••• W••••• M•••••••••
Jan 9, 2017 · Birmingham, Al

Teams out Teams in

Private funds

4 reported on Schedule D 7.B.(1)

Fund	Type	Gross assets	Owners	First reported
H••••• A•• S•••••• S••••• I• L••	Private Equity Fund	$5.2M	68	Mar 29, 2012
H••••• A•• S•••••• S••••• I•• L••	Private Equity Fund	$1.9M	39	Mar 29, 2012
H••••• O••••••••• P•••••••• I• L•• C•••• B•no longer reported	Hedge Fund	$102,369	34	Mar 29, 2012
H••••• O••••••••• P•••••••• I• L•• C•••• A•no longer reported	Hedge Fund	$84,801	29	Mar 29, 2012

Owners and control persons

Schedule A and B, latest filing

H•••••• C••••••• D•••• · Ceo & President & Membercontrol
since 10/1986 · owns 5% to 10%
H•••••• C••••••• D•••• · Ownercontrol
since 10/1986 · owns 75% or more of C•••••• D• H•••••• I•••
L••••••••• J•••••• W•••• · Chief Compliance Officer
since 09/2002 · owns less than 5%
L•••••••• R••• J•••••• · Owner Of Registrant & Member
since 08/2001 · owns less than 5%

Entity owners

C•••••• D• H•••••• I••• · Owner Of Registrant & Member
direct · owns 75% or more
T•••••• I••••••••• C••••••• L•• · Owner Of Registrant & Member
direct · owns 5% to 10%

Related persons

Schedule D 7.A

N••••••• A••••••• H•••••••• I•••
custodiann
W•••••• A•••••••• L••
investment advisernRAUM $30B

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

What changed

consecutive filings, newest first

Accounts · 197 to 1
Apr 19, 2017 to Feb 23, 2018
Advisory employees · 5 to 3
Apr 19, 2017 to Feb 23, 2018
Advisory activities · 5 to 1
Apr 19, 2017 to Feb 23, 2018
Pooled vehicle clients · unset to 1.0
Apr 19, 2017 to Feb 23, 2018
Assets in custody · $28.1M to $7.1M
Apr 19, 2017 to Feb 23, 2018
Employees · 8 to 3
Apr 19, 2017 to Feb 23, 2018
Financial planning clients · 101-250 to unset
Apr 19, 2017 to Feb 23, 2018
State-registered IARs · 5 to 3
Apr 19, 2017 to Feb 23, 2018
Other offices · unset to 0.0
Apr 19, 2017 to Feb 23, 2018
Discretionary RAUM · $432M to $7.1M
Apr 19, 2017 to Feb 23, 2018
Non-discretionary RAUM · $1.9M to $0
Apr 19, 2017 to Feb 23, 2018
Pooled vehicle RAUM · unset to 7110125.0
Apr 19, 2017 to Feb 23, 2018
RAUM · $434M to $7.1M
Apr 19, 2017 to Feb 23, 2018
Private funds · 5 to 2
Mar 29, 2017 to Apr 19, 2017
Related adviser · false to true
Mar 29, 2017 to Apr 19, 2017
Accounts · 220 to 197
Jan 9, 2017 to Mar 29, 2017
Assets in custody · $30.4M to $28.1M
Jan 9, 2017 to Mar 29, 2017
Discretionary RAUM · $410M to $432M
Jan 9, 2017 to Mar 29, 2017
Non-discretionary RAUM · $4.0M to $1.9M
Jan 9, 2017 to Mar 29, 2017
RAUM · $414M to $434M
Jan 9, 2017 to Mar 29, 2017
Advisory employees · 7 to 5
Mar 31, 2016 to Jan 9, 2017
Employees · 10 to 8
Mar 31, 2016 to Jan 9, 2017
State-registered IARs · 7 to 5
Mar 31, 2016 to Jan 9, 2017
Accounts · 244 to 220
Sep 10, 2015 to Mar 30, 2016
Advisory employees · 6 to 7
Sep 10, 2015 to Mar 30, 2016
Advisory activities · 6 to 5
Sep 10, 2015 to Mar 30, 2016
Assets in custody · $36.4M to $30.4M
Sep 10, 2015 to Mar 30, 2016
State-registered IARs · 6 to 7
Sep 10, 2015 to Mar 30, 2016
Private funds · 6 to 5
Sep 10, 2015 to Mar 30, 2016
Discretionary RAUM · $501M to $410M
Sep 10, 2015 to Mar 30, 2016
Non-discretionary RAUM · $36.0M to $4.0M
Sep 10, 2015 to Mar 30, 2016
RAUM · $537M to $414M
Sep 10, 2015 to Mar 30, 2016
Accounts · 252 to 244
Feb 23, 2015 to Mar 31, 2015
Assets in custody · $44.2M to $36.4M
Feb 23, 2015 to Mar 31, 2015
Employees · 13 to 10
Feb 23, 2015 to Mar 31, 2015
State-registered IARs · 9 to 6
Feb 23, 2015 to Mar 31, 2015
Discretionary RAUM · $499M to $501M
Feb 23, 2015 to Mar 31, 2015
Non-discretionary RAUM · $36.2M to $36.0M
Feb 23, 2015 to Mar 31, 2015
RAUM · $535M to $537M
Feb 23, 2015 to Mar 31, 2015
Accounts · 248 to 252
Mar 28, 2013 to Apr 1, 2014

Signals

1 dated events

K•••••••• L•• reported RAUM $7.1M, down 98% from $434.0M (2017-04-19 to 2018-02-23)
Feb 23, 2018 · RAUM change · derived

Across DFX

shared identifiers only, never a name match

K•••••••• L•• · Private Equity
shared crd · organization

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

Across the graphs

K•••••••• L•• is the same institution as 1 record in Real Estate Funds.

Real Estate Funds1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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