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
S••••• M••••••• C••••••• L•
Latest filing Apr 21, 2026
First filing on the tape Mar 30, 2012 · 57 filings
SEC status approved since Feb 18, 2003
RAUM
$311M
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
17
9 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
5
reported on Schedule D
History
57 filings and snapshots on the tape
RAUM$311M as of Apr 21, 2026
Mar 30, 2012$1.6B then
HNW client RAUM$741M as of Oct 8, 2025
Mar 26, 2018$140M then
State-registered IARs (5.B.3)0 as of Apr 21, 2026
Mar 28, 20130 then
Employees (5.A)17 as of Apr 21, 2026
Mar 28, 201340 then
Private funds5 as of Apr 21, 2026
Mar 30, 201214 then
RAUM -81% over the last fiscal year-39% a year over threeIARs 3 to 0offices 1 to 0
Practice profile
derived from the filing of Apr 21, 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
- $44.4MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 27%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
- -81%derivedbetween the last two annual amendments
- Advisor growth, one year
- -100%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 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
- 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)
- 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
- Pooled investment vehicles$225M73%
- Insurance companies$85.3M27%
- Charitable organizations$98,1300.0%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 7reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.73 institutional_share=0.27 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
2 left, 0 joined in 12 months
net -2 in 12 months0 left in 90 days0 joined in 90 days2 left over 36 months
Left, latest
- M•••••• J••••• S•••• to S••••• C•••••• M••••••••• L••Feb 13, 2026 · Other
- J••• P•••••••• to S••••• C•••••• M••••••••• L••Feb 13, 2026 · Other
- V••••••• G•••••••• M•••• to M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Jul 29, 2014 · Other
Joined, latest
- J••• P•••••••• from O••••••••• • C•• I•••Mar 17, 2021 · Affiliated broker-dealer or bank to independent RIA
- V••••••• G•••••••• M•••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Aug 28, 2013 · Other
- M•••••• J••••• S•••• from S•• F•••• I••••• M••••••••• L•Apr 2, 2012 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for S••••• C•••••• M••••••••• L••Feb 13, 2026 · West Windsor, Nj
Private funds
23 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| S•• G••••• C•••••• P••••••• I•• L• | Private Equity Fund | $157M | 137 | Aug 8, 2014 |
| S•• G••••• C•••••• P••••••• I••• L• | Private Equity Fund | $137M | 230 | Mar 31, 2021 |
| S•• T•••• R••••• F•••• L• | Hedge Fund | $72.1M | 30 | Mar 26, 2018 |
| S•• H••••••• I•• L• | Private Equity Fund | $62.7M | 205 | Mar 30, 2012 |
| S•• P•••••• C•••••• F•••• L• | Private Equity Fund | $49.3M | 52 | Jun 4, 2018 |
| S•• P•••••• E••••• H•••••••• L• | Private Equity Fund | $25.6M | 89 | Mar 26, 2014 |
| S•• A•••• P••• F•••• L•no longer reported | Hedge Fund | $13.9M | 5 | Aug 8, 2014 |
| S•• P•••••• C•••••• F••• I•• L• | Private Equity Fund | $12.0M | 16 | Mar 30, 2023 |
| W••• O••••••••• F•••• L• | Private Equity Fund | $11.5M | 7 | Mar 31, 2022 |
| S•• A••••••••• S••••••••• F•••• L•••no longer reported | Hedge Fund | $8.7M | 23 | Mar 30, 2012 |
| S•• A•••• A••••••••• F•••• L•no longer reported | Hedge Fund | $8.3M | 7 | Mar 30, 2012 |
| S•• A••••••••• S••••••••• F•••• L••no longer reported | Hedge Fund | $7.8M | 43 | Mar 30, 2012 |
| S•• S••••• C••••••••• F••• I• L•no longer reported | Private Equity Fund | $7.4M | 20 | Mar 30, 2012 |
| A••••• • S•• A••••••••• S••••••••• F•••• L•••no longer reported | Hedge Fund | $7.4M | 1 | Mar 30, 2012 |
| S•• H••••••• I• L•no longer reported | Private Equity Fund | $6.3M | 8 | Mar 30, 2012 |
| S•• R•••••• F••• I•• L•no longer reported | Hedge Fund | $5.4M | 0 | Mar 30, 2012 |
| S••••• M••••••• P••••••• Q• I• L•no longer reported | Hedge Fund | $4.5M | 57 | Mar 30, 2012 |
| S••••• M••••••• P••••••• O••••••• I• L•••no longer reported | Hedge Fund | $4.3M | 10 | Mar 30, 2012 |
| S•• R•••••• F••• I• O•••••••• L•no longer reported | Hedge Fund | $3.6M | 1 | Mar 30, 2012 |
| S•• H••••••• I••• L•no longer reported | Private Equity Fund | $1.4M | 16 | Mar 30, 2012 |
| C••••••••• F••• L••••••no longer reported | Hedge Fund | $1.1M | 18 | Mar 30, 2012 |
| S••••• M••••••• B••• F•••• L•no longer reported | Hedge Fund | $927,426 | 5 | Mar 31, 2015 |
| S•• N•• W•••• F•••• L•no longer reported | Hedge Fund | $913,220 | 6 | Mar 30, 2012 |
Owners and control persons
Schedule A and B, latest filing
- H•• G••••••• P••• · Trustee Of John L. Steffens 2001 Descendants' Trustcontrolsince 10/2001 · owns 25% to 50%
- S•••••••• J•••• L•••••• · Investment Trustee Of John L. Steffens 2001 Descendants' Trustcontrolsince 10/2001 · owns 25% to 50%
- H•• G••••••• P••• · Membercontrolsince 10/2001 · owns 25% to 50% of Spring Mountain Capital, LLC
- H•• G••••••• P••• · Trusteecontrolsince 12/2007 · owns F of John L. Steffens 2001 Descendants' Trust
- S•••••••• J•••• L•••••• · Membercontrolsince 10/2001 · owns 25% to 50% of Spring Mountain Capital, LLC
- K••••••• M••••••• W•••••• · Chief Compliance Officersince 09/2024 · owns less than 5%
- S••••• T•••• C• · General Counselsince 11/2021 · owns less than 5%
- W••• K•••• K•••• H• · Chief Financial Officersince 02/2017 · owns less than 5%
Entity owners
- J••• L• S••••••• 2••• D••••••••• T•••• · Limited Partnerdirect · owns 25% to 50%
- S••••• M••••••• C••••••• L•• · General Partnerdirect · owns less than 5%
- J••• L• S••••••• 2••• D••••••••• T•••• · Memberindirect · owns 25% to 50% of Spring Mountain Capital, LLC
Related persons
Schedule D 7.A
- S•• G••••• C•••••• I• G•• L••pooled vehicle sponsorn
- S•• G••••• C•••••• I•• G•• L••pooled vehicle sponsorn
- S•• H••••••• I• G•••• L••pooled vehicle sponsorn
- S•• P•••••• C•••••• G•• L••pooled vehicle sponsorn
- S•• P•••••• E••••• H••••••• G•••• L••pooled vehicle sponsorn
- S•• T•••• R••••• G•• L••pooled vehicle sponsorn
- S••••• M••••••• B••• G•••• L••pooled vehicle sponsorn
- S••••• M••••••• C•••••• G•••• L••pooled vehicle sponsorn
- W••• O••••••••• G•• L••pooled vehicle sponsorn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| West Windsor, Nj | 0 | 0 | 2 | 1 |
Offices
Schedule D 1.F, the 25 largest
- West Windsor, NJ4 employees
ADV anomalies
7 against comparable advisers; where to look, not conclusions
- wealth to institutional shiftCombination · filing Apr 21, 2026peers: asset managers, $100M to $500M (1,567)
- high institutional concentrationStatic outlier · filing Apr 21, 2026institutional share of RAUM of 27% against a peer median of 0% (1567 comparable advisers, 99.0th percentile, 9.3 robust deviations)peers: asset managers, $100M to $500M (1,567) · 99% percentile
- account count collapseChange between filings · filing Apr 21, 2026accounts (Item 5.F.2.f) moved from 676.0 to 7.0 (-99.0%) between the annual amendments of 2025-03-28 and 2026-04-21; the peer median change was +4.0% (21 comparable advisers, 10.0th percentile of changes)peers: asset managers, $100M to $500M (21) · 10% percentile
- client mix shiftChange between filings · filing Apr 21, 2026private-client share of RAUM moved from 60.0% to 0.0% between the annual amendments of 2025-03-28 and 2026-04-21peers: asset managers, $100M to $500M (1,567)
- employee count dropChange between filings · filing Apr 21, 2026employees (Item 5.A) moved from 31.0 to 17.0 (-45.0%) between the annual amendments of 2025-03-28 and 2026-04-21; the peer median change was 0.0% (393 comparable advisers, 4.0th percentile of changes)peers: asset managers, $100M to $500M (393) · 3.8% percentile
- institutional asset share shiftChange between filings · filing Apr 21, 2026institutional share of RAUM moved from 9.0% to 27.0% between the annual amendments of 2025-03-28 and 2026-04-21peers: asset managers, $100M to $500M (1,567)
- RAUM down 50 %Change between filings · filing Apr 21, 2026RAUM (Item 5.F) moved from $1,603,113,398 to $310,906,528 (-81.0%) between the annual amendments of 2025-03-28 and 2026-04-21; the peer median change was +4.0% (1148 comparable advisers, 1.0th percentile of changes)peers: asset managers, $100M to $500M (1,148) · 1.0% percentile
What changed
consecutive filings, newest first
- Accounts · 676 to 7Oct 8, 2025 to Mar 31, 2026
- Advisory employees · 19 to 9Oct 8, 2025 to Mar 31, 2026
- Advisory activities · 4 to 2Oct 8, 2025 to Mar 31, 2026
- Corporate clients · 56.0 to unsetOct 8, 2025 to Mar 31, 2026
- HNW clients · 246.0 to unsetOct 8, 2025 to Mar 31, 2026
- Individual clients · 343.0 to unsetOct 8, 2025 to Mar 31, 2026
- Pooled vehicle clients · 8 to 5Oct 8, 2025 to Mar 31, 2026
- Employees · 31 to 17Oct 8, 2025 to Mar 31, 2026
- HQ city · WEST WINDSOR to NEW YORKOct 8, 2025 to Mar 31, 2026
- HQ state · NJ to NYOct 8, 2025 to Mar 31, 2026
- State-registered IARs · 3 to 0Oct 8, 2025 to Mar 31, 2026
- Private funds · 8 to 5Oct 8, 2025 to Mar 31, 2026
- Discretionary RAUM · $1.6B to $311MOct 8, 2025 to Mar 31, 2026
- HNW RAUM · 741456069.0 to unsetOct 8, 2025 to Mar 31, 2026
- Individual RAUM · 212718213.0 to unsetOct 8, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $486M to $225MOct 8, 2025 to Mar 31, 2026
- RAUM · $1.6B to $311MOct 8, 2025 to Mar 31, 2026
- Wrap assets (manager) · 236471921.0 to unsetOct 8, 2025 to Mar 31, 2026
- Wrap assets (sponsor) · 0.0 to unsetOct 8, 2025 to Mar 31, 2026
- HQ city · NEW YORK to WEST WINDSORMar 28, 2025 to Oct 8, 2025
- HQ state · NY to NJMar 28, 2025 to Oct 8, 2025
- Other offices · 1 to 0Mar 28, 2025 to Oct 8, 2025
- Accounts · 616 to 676Sep 30, 2024 to Mar 28, 2025
- Advisory employees · 23 to 19Sep 30, 2024 to Mar 28, 2025
- Charity clients · 1.0 to unsetSep 30, 2024 to Mar 28, 2025
- Corporate clients · 51 to 56Sep 30, 2024 to Mar 28, 2025
- HNW clients · 228 to 246Sep 30, 2024 to Mar 28, 2025
- Individual clients · 302 to 343Sep 30, 2024 to Mar 28, 2025
- Employees · 35 to 31Sep 30, 2024 to Mar 28, 2025
- Financial planning clients · unset to Sep 30, 2024 to Mar 28, 2025
- Discretionary RAUM · $1.6B to $1.6BSep 30, 2024 to Mar 28, 2025
- HNW RAUM · $770M to $741MSep 30, 2024 to Mar 28, 2025
- Individual RAUM · $140M to $213MSep 30, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $31.7M to $0Sep 30, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $527M to $486MSep 30, 2024 to Mar 28, 2025
- RAUM · $1.7B to $1.6BSep 30, 2024 to Mar 28, 2025
- Wrap assets (manager) · $252M to $236MSep 30, 2024 to Mar 28, 2025
- Accounts · 455 to 616May 11, 2023 to Mar 29, 2024
- Advisory employees · 18 to 23May 11, 2023 to Mar 29, 2024
- Corporate clients · 37 to 51May 11, 2023 to Mar 29, 2024
Signals
9 dated events
- Spring Mountain Capital, Lp reported RAUM $310.9M, down 81% from $1.6B (2025-10-08 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- Michael Joseph Smith left Spring Mountain Capital, Lp for Stifel Capital Management, Llc (registered 2026-02-11)Feb 13, 2026 · Advisor changed firm · fact
- John Pocceschi left Spring Mountain Capital, Lp for Stifel Capital Management, Llc (registered 2026-02-04)Feb 13, 2026 · Advisor changed firm · fact
- 2 advisors left Spring Mountain Capital, LP (West Windsor, NJ) for Stifel Capital Management, LLC on the same dayFeb 13, 2026 · Team lift-out · derived
- Joseph Bernard Frize (Chief Compliance Officer) appeared on Schedule A of Spring Mountain Capital, LpMay 11, 2023 · Control person joined · fact
- Nicole Korrine Sheerin-Kohm (Chief Compliance Officer) no longer on Schedule A of Spring Mountain Capital, Lp (listed 2023-03-30, absent 2023-05-11)May 11, 2023 · Control person left · inference
- Spring Mountain Capital, Lp reported RAUM $1.2B, up 54% from $756.5M (2021-11-24 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- C. Tara Sharp (General Counsel) appeared on Schedule A of Spring Mountain Capital, LpNov 24, 2021 · Control person joined · fact
- Nicole Korrine Sheerin-Kohm (Chief Compliance Officer) appeared on Schedule A of Spring Mountain Capital, LpNov 24, 2021 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- Spring Mountain Capital · Family Officesshared crd · office
- Spring Mountain Capital, LP · Independent Sponsorsshared crd · capital_provider
- Spring Mountain Capital, LP · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/west-harlem-innovation-network/aboutreportedpublic record, Form ADV, Sep 18, 2026
- Website
- springmountaincapital.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 212-292-8300reportedpublic record, Form ADV, Apr 21, 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