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
P••• I••••••••• A•••••••• I•••
Latest filing Sep 20, 2023
First filing on the tape May 24, 2022 · 8 filings
RAUM
$80.7M
reported, Item 5.F
Discretionary
86%
of RAUM
Private clients
99%
$79.8M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$80.7M
derived; firm RAUM over IAPD count
Employees
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$80.7M as of Sep 20, 2023
May 24, 2022$115M then
HNW client RAUM$54.6M as of Sep 20, 2023
May 24, 2022$73.7M then
State-registered IARs (5.B.3)1 as of Sep 20, 2023
May 24, 20223 then
Employees (5.A)2 as of Sep 20, 2023
May 24, 20224 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Sep 20, 2023; every figure names its basis
- RAUM per advisor
- $80.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 127derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.3MderivedHNW RAUM over HNW clients
- Average account
- $291,482derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 86%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, otherreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
- Custody
- $69.7M, 103 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$54.6M68%
- Individuals$25.2M31%
- Corporations and businesses$986,5901.2%
- Individual clients
- 103reported
- HNW clients
- 24reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 277reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- $69.7M for 103 clientsreported
- Compensation
- % of AUMreported
- Class basis
- absent from the latest SEC rosterderived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| S••• E•••••• F••• | Germantown, Md | Jun 7, 2006 | 28 y | 0 |
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
- B•••• A••• F••••••• to D•• W••••• M••••••••• G••••Jan 18, 2023 · RIA to a state-registered adviser
Joined, latest
- B•••• A••• F••••••• from N•••••••• F•••••••• G•••• L••Nov 12, 2009 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- F•••• S•••• E•••••• · President & Chief Compliance Officercontrolsince 01/2023 · 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.
What changed
consecutive filings, newest first
- Advisory activities · 4 to 3May 24, 2023 to Jun 26, 2023
- Advisory activities · 5 to 4May 17, 2023 to May 24, 2023
- Assets in custody · unset to 69729088.0May 17, 2023 to May 24, 2023
- Custody of client assets · false to trueMay 17, 2023 to May 24, 2023
- Accounts · 359 to 277Jul 14, 2022 to Jan 19, 2023
- Advisory employees · 3 to 1Jul 14, 2022 to Jan 19, 2023
- Corporate clients · 2 to 1Jul 14, 2022 to Jan 19, 2023
- HNW clients · 35 to 24Jul 14, 2022 to Jan 19, 2023
- Individual clients · 124 to 103Jul 14, 2022 to Jan 19, 2023
- Employees · 4 to 2Jul 14, 2022 to Jan 19, 2023
- State-registered IARs · 3 to 1Jul 14, 2022 to Jan 19, 2023
- Other offices · 2 to 0Jul 14, 2022 to Jan 19, 2023
- Discretionary RAUM · $88.4M to $69.7MJul 14, 2022 to Jan 19, 2023
- HNW RAUM · $73.7M to $54.6MJul 14, 2022 to Jan 19, 2023
- Individual RAUM · $39.5M to $25.2MJul 14, 2022 to Jan 19, 2023
- Non-discretionary RAUM · $26.4M to $11.0MJul 14, 2022 to Jan 19, 2023
- RAUM · $115M to $80.7MJul 14, 2022 to Jan 19, 2023
- Related insurance company · true to falseJul 14, 2022 to Jan 19, 2023
Signals
3 dated events
- Adam Brett Friedman (Secretary/Cco) no longer on Schedule A of P••• I••••••••• A•••••••• I••• (listed 2022-07-14, absent 2023-01-19)Jan 19, 2023 · Control person left · inference
- B•••• A••• F••••••• left P••• I••••••••• A•••••••• I••• for D•• W••••• M••••••••• G•••• (registered 2023-02-15)Jan 18, 2023 · Advisor changed firm · fact
- P••• I••••••••• A•••••••• I••• filed its initial SEC registration (Form ADV)May 24, 2022 · 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
- Website
- P•••IATEAM.COMreportedpublic record, Form ADV, Sep 18, 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
- Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $80.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026