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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
SEC-registered adviser
S••••• • C••••••• L••
Latest filing Feb 17, 2026
First filing on the tape Mar 23, 2012 · 31 filings
SEC status approved since Sep 13, 2005
RAUM
$69.2M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$69.2M as of Feb 17, 2026
Mar 23, 2012$1.2B then
HNW client RAUM$0 as of Feb 17, 2026
Mar 25, 2020$0 then
State-registered IARs (5.B.3)0 as of Feb 17, 2026
Mar 23, 20120 then
Employees (5.A)8 as of Feb 17, 2026
Mar 27, 201340 then
Private funds1 as of Mar 25, 2020
Mar 31, 20141 then
RAUM -36% over the last fiscal year-23% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Feb 17, 2026; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM 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
- $69.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -36%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- 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
- has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$69.2M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 1reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=5.0derived
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
none on the tape
Joined, latest
none on the tape
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| S••••• S••••• M••••••••• M••••• F•••no longer reported | Hedge Fund | $54.8M | 12 | Jul 30, 2013 |
Owners and control persons
Schedule A and B, latest filing
- K•••••• K•••• M•••••• · Chief Executive Officercontrolsince 11/2019 · owns less than 5%
- K•••••• K••••• M•••••• · Managercontrolsince 08/2002 · owns 25% to 50% of O•••••• G••••• L••
- E••••• J•• C••••••• · Chief Financial Officersince 03/2020 · owns less than 5%
- H•••• B•••• F• · Chief Compliance Officersince 10/2012 · owns less than 5%
Entity owners
- O•••••• G••••• L•• · Ownerdirect · owns 75% or more
Related persons
Schedule D 7.A
- L••••• D••••••••• L••broker-dealern
- L••••• F••• M••••••••• L••investment adviserbanknRAUM $2.5B
Advisers that list S••••• • C••••••• L•• as a related person
- 156247 n
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Discretionary RAUM · $108M to $69.2MMar 19, 2025 to Feb 17, 2026
- Pooled vehicle RAUM · $108M to $69.2MMar 19, 2025 to Feb 17, 2026
- RAUM · $108M to $69.2MMar 19, 2025 to Feb 17, 2026
- Financial planning clients · 0 to 0Mar 11, 2024 to Mar 19, 2025
- Discretionary RAUM · $119M to $108MMar 11, 2024 to Mar 19, 2025
- Pooled vehicle RAUM · $119M to $108MMar 11, 2024 to Mar 19, 2025
- RAUM · $119M to $108MMar 11, 2024 to Mar 19, 2025
- Assets in custody · $152M to $119MSep 6, 2023 to Mar 11, 2024
- Custody of client assets · true to falseSep 6, 2023 to Mar 11, 2024
- Discretionary RAUM · $152M to $119MSep 6, 2023 to Mar 11, 2024
- Pooled vehicle RAUM · $152M to $119MSep 6, 2023 to Mar 11, 2024
- RAUM · $152M to $119MSep 6, 2023 to Mar 11, 2024
- Assets in custody · $152M to $152MMar 8, 2022 to Mar 15, 2023
- Discretionary RAUM · $152M to $152MMar 8, 2022 to Mar 15, 2023
- Pooled vehicle RAUM · $152M to $152MMar 8, 2022 to Mar 15, 2023
- RAUM · $152M to $152MMar 8, 2022 to Mar 15, 2023
- Assets in custody · $172M to $152MMay 14, 2021 to Mar 8, 2022
- Discretionary RAUM · $172M to $152MMay 14, 2021 to Mar 8, 2022
- Pooled vehicle RAUM · $172M to $152MMay 14, 2021 to Mar 8, 2022
- RAUM · $172M to $152MMay 14, 2021 to Mar 8, 2022
- Succession · true to falseMay 14, 2021 to Mar 8, 2022
- Succession · false to trueApr 30, 2021 to May 11, 2021
- Advisory employees · 2 to 7Mar 25, 2020 to Apr 30, 2021
- BD registered reps · 3 to 5Mar 25, 2020 to Apr 30, 2021
- Business name · S••••• • C••••••• I••• to S••••• • C••••••• L••Mar 25, 2020 to Apr 30, 2021
- Assets in custody · $318M to $172MMar 25, 2020 to Apr 30, 2021
- Employees · 4 to 8Mar 25, 2020 to Apr 30, 2021
- State-registered IARs · 1 to 0Mar 25, 2020 to Apr 30, 2021
- Organization form · Corporation to Limited Liability CompanyMar 25, 2020 to Apr 30, 2021
- Private funds · 1 to unsetMar 25, 2020 to Apr 30, 2021
- Discretionary RAUM · $248M to $172MMar 25, 2020 to Apr 30, 2021
- Pooled vehicle RAUM · $248M to $172MMar 25, 2020 to Apr 30, 2021
- RAUM · $248M to $172MMar 25, 2020 to Apr 30, 2021
- Related adviser · false to trueMar 25, 2020 to Apr 30, 2021
- Related bank · false to trueMar 25, 2020 to Apr 30, 2021
- Related broker-dealer · false to trueMar 25, 2020 to Apr 30, 2021
- Accounts · 6 to 1Mar 5, 2020 to Mar 25, 2020
- Advisory employees · 4 to 2Mar 5, 2020 to Mar 25, 2020
- Advisory activities · 3 to 2Mar 5, 2020 to Mar 25, 2020
- BD registered reps · 11 to 3Mar 5, 2020 to Mar 25, 2020
Signals
3 dated events
- S••••• • C••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)May 11, 2021 · Succession (Item 4) · fact
- Kenneth Edward Steben (President And Ceo, Director) no longer on Schedule A of S••••• • C••••••• L•• (listed 2019-09-05, absent 2019-11-18)Nov 18, 2019 · Control person left · inference
- Kevin Michael Kinzie (Chief Executive Officer) appeared on Schedule A of S••••• • C••••••• L••Nov 18, 2019 · Control person joined · 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
- Website
- S•••••.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 952-767-6900reportedpublic record, Form ADV, Feb 17, 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
- Asset manager (funds and pooled vehicles)deriveda 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