DFX Intelligence

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L•••••• C•••••• M••••••••• I•••

Independent wealth managerSEC-registered· Costa Mesa, Californiawebsite

Independent wealth manager, based in Costa Mesa, California, reporting $874M of regulatory assets across 5 registered advisors.

Composed from this adviser's Form ADV classification, location and filed figures.

As of 2026-03-24 · the latest Form ADV filing; advisor counts and movement are read from IAPD daily

Regulatory AUM: $874M
Advisors: 5
Net advisor flow, 12 months: -1 (0 in, 1 out)
RAUM change, last fiscal year: +12%
Private clients: 97% of RAUM, $845M

Advisors (5)Advisor movement Where the RAUM sits

As of 2026-03-24 · the latest Form ADV filing; advisor counts and movement are read from IAPD daily

Why this matters

selection of other advisers (Item 5.G.7): no on the filing of 2025-04-17, yes on the filing of 2026-03-24
2026-03-24
selection of other advisers (Item 5.G.7) 1
6 published business contact points are on record, each with its source.
Contact points 6

Every filed figure, and the identifiersCRD 120374 · SEC 801-61416 · 31 filingsShow

CRD 120374SEC 801-61416First filing on the tape Mar 21, 2012, latest Mar 24, 2026SEC status approved since Aug 28, 2002IAPD

RAUM

$874M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

97%

$845M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$175M

derived; firm RAUM over IAPD count

Employees

6 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

31 filings and snapshots on the tape

RAUM$874M as of Mar 24, 2026

Mar 21, 2012$232M then

HNW client RAUM$728M as of Mar 24, 2026

Mar 23, 2018$284M then

State-registered IARs (5.B.3)6 as of Mar 24, 2026

Mar 26, 20134 then

Employees (5.A)10 as of Mar 24, 2026

Mar 26, 20137 then

Private funds: no history

RAUM +12% over the last fiscal year+9.6% a year over threeIARs 6 to 6

Practice profile

derived from the filing of Mar 24, 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
Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control

RAUM per advisor: $175MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 68derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $4.3MderivedHNW RAUM over HNW clients
Average account: $2.5MderivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 3.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 2.0derivedItem 5.A over advisors
Advisors per office: 5.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year: +12%derivedbetween the last two annual amendments
Advisor growth, one year: +0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year: +6.3%derived
Compensation: percentage of assets, hourlyreportedItem 5.E
Advisory activities: portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, 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

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)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$728M83%
Individuals$118M13%
Charitable organizations$28.5M3.3%

Individual clients: 170reported
HNW clients: 169reported
Pension plan clients: n/areported
Charitable clients: 10reported
Accounts: 349reported
Financial planning clients: 0reported
Wrap fee programs: noreported
Custody of client assets: noreported
Compensation: % of AUM, hourlyreported
Class basis: private_client_share=0.97 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived

Advisors registered through the firm

5 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
M••• N•••••• L••••••	Costa Mesa, Ca	Jan 14, 2004	24 y	0
G••••• S••••• B••••••••Chartered Financial Analyst	Costa Mesa, Ca	Jan 14, 2004	30 y	0
R•••••• M• F••••• R•••••••Chartered Financial Analyst	Costa Mesa, Ca	Dec 7, 2007	23 y	0
P•••••• M••••••• M••••••Chartered Financial Analyst	Costa Mesa, Ca	Aug 14, 2014	11 y	0
E••• S••••• S••••	Costa Mesa, Ca	Oct 9, 2023	12 y	1

Advisor movement

1 left, 0 joined in 12 months

net -1 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 20% of current headcount1 left over 36 months

Left, latest

A•••• D•••••• W•••• to D••••• C•••••• M••••••••• L••
Aug 20, 2026 · RIA to a state-registered adviser

Joined, latest

E••• S••••• S•••• from U•• F•••••••• S••••••• I•••
Oct 9, 2023 · Wirehouse to independent RIA
A•••• D•••••• W•••• from M••••• G••••• A••••••• I•••
Jul 3, 2019 · RIA to RIA

Every departure Every arrival

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

B••••••••• G•••••• S••••• · Secretary/Board Of Directors (Since 2011), Co-Trustee Of T•• B•••••••• F••••• T•••• D•••• 1••••••••• (Since 2014)control
since 12/2011 · owns 10% to 25%
L••••••• A•••• P••••• · Co-Trustee Of T•• L•••••• F••••• T•••• D•••• 0•••••••••control
since 03/2002 · owns 50% to 75%
L••••••• M•••• N•••••• · President, Cco, Cio, Co-Trustee Of T•• L•••••• F••••• T•••• D•••• 0•••••••••control
since 03/2002 · owns 50% to 75%
M••••••• P••••••• M••••••• · Shareholdercontrol
since 01/2018 · owns less than 5%
P•••••• J•••••• E•••• · Co-Trustee Of T•• B•••••••• F••••• T•••• D•••• 1•••••••••control
since 08/2014 · owns 10% to 25%
R•••••••• R••••••• M• F••••• · Treasurer, Board Of Directorscontrol
since 12/2011 · owns 10% to 25%

Entity owners

T•• B•••••••• F••••• T•••• D•••• 1••••••••• · Shareholder
direct · owns 10% to 25%
T•• L•••••• F••••• T•••• D•••• 0••••••••• · Shareholder
direct · owns 50% to 75%

Related persons

Schedule D 7.A

No related person reported.

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
Costa Mesa, Ca · principal	5	0	1

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

ADV anomalies

1 against comparable advisers; where to look, not conclusions

business activity changedChange between filings · filing Mar 24, 2026
selection of other advisers (Item 5.G.7): no on the filing of 2025-04-17, yes on the filing of 2026-03-24
peers: independent wealth managers, $500M to $1B (1,482)

How anomalies are measured

What changed

consecutive filings, newest first

Accounts · 323 to 349
Apr 17, 2025 to Mar 24, 2026
Advisory activities · 3 to 4
Apr 17, 2025 to Mar 24, 2026
Charity clients · 9 to 10
Apr 17, 2025 to Mar 24, 2026
HNW clients · 176 to 169
Apr 17, 2025 to Mar 24, 2026
Individual clients · 143 to 170
Apr 17, 2025 to Mar 24, 2026
Financial planning clients · to 0
Apr 17, 2025 to Mar 24, 2026
Discretionary RAUM · $779M to $874M
Apr 17, 2025 to Mar 24, 2026
HNW RAUM · $686M to $728M
Apr 17, 2025 to Mar 24, 2026
Individual RAUM · $70.3M to $118M
Apr 17, 2025 to Mar 24, 2026
RAUM · $779M to $874M
Apr 17, 2025 to Mar 24, 2026
Accounts · 324 to 323
Nov 26, 2024 to Apr 17, 2025
Advisory employees · 7 to 6
Nov 26, 2024 to Apr 17, 2025
Advisory activities · 4 to 3
Nov 26, 2024 to Apr 17, 2025
Charity clients · 10 to 9
Nov 26, 2024 to Apr 17, 2025
HNW clients · 166 to 176
Nov 26, 2024 to Apr 17, 2025
Individual clients · 145 to 143
Nov 26, 2024 to Apr 17, 2025
Financial planning clients · unset to
Nov 26, 2024 to Apr 17, 2025
State-registered IARs · 8 to 6
Nov 26, 2024 to Apr 17, 2025
Discretionary RAUM · $704M to $779M
Nov 26, 2024 to Apr 17, 2025
HNW RAUM · $589M to $686M
Nov 26, 2024 to Apr 17, 2025
Individual RAUM · $80.4M to $70.3M
Nov 26, 2024 to Apr 17, 2025
RAUM · $704M to $779M
Nov 26, 2024 to Apr 17, 2025
Accounts · 305 to 324
May 5, 2023 to Mar 13, 2024
Advisory employees · 6 to 7
May 5, 2023 to Mar 13, 2024
Charity clients · 11 to 10
May 5, 2023 to Mar 13, 2024
HNW clients · 159 to 166
May 5, 2023 to Mar 13, 2024
Individual clients · 138 to 145
May 5, 2023 to Mar 13, 2024
Employees · 9 to 10
May 5, 2023 to Mar 13, 2024
State-registered IARs · 7 to 8
May 5, 2023 to Mar 13, 2024
Discretionary RAUM · $664M to $704M
May 5, 2023 to Mar 13, 2024
HNW RAUM · $540M to $589M
May 5, 2023 to Mar 13, 2024
Individual RAUM · $79.2M to $80.4M
May 5, 2023 to Mar 13, 2024
RAUM · $664M to $704M
May 5, 2023 to Mar 13, 2024
Accounts · 728 to 305
Nov 23, 2022 to Mar 10, 2023
Advisory employees · 5 to 6
Nov 23, 2022 to Mar 10, 2023
Charity clients · 10 to 11
Nov 23, 2022 to Mar 10, 2023
Individual clients · 130 to 138
Nov 23, 2022 to Mar 10, 2023
Discretionary RAUM · $655M to $664M
Nov 23, 2022 to Mar 10, 2023
HNW RAUM · $564M to $540M
Nov 23, 2022 to Mar 10, 2023
Individual RAUM · $61.4M to $79.2M
Nov 23, 2022 to Mar 10, 2023

Signals

2 dated events

••• Locked
Aug 20, 2026 · Advisor changed firm · fact
••• Locked
Mar 13, 2024 · 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

Business phone: ••• Lockedreportedpublished by the firm, firm site, Sep 15, 2026
Business phone: ••• Lockedreportedpublished by the firm, firm site, Sep 15, 2026
Business phone: ••• Lockedreportedpublished by the firm, firm site, Sep 15, 2026
Website: ••• Lockedreportedpublic record, Form ADV, Mar 24, 2026
Principal office phone: ••• Lockedreportedpublic record, Form ADV, Mar 24, 2026
Team page: ••• Lockedreportedpublished by the firm, firm site, Sep 15, 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: $175Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026