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

L•• I••••••••• M••••••••• L••

Former SEC-registered adviserSaratoga Springs, New YorkCRD 120535SEC 801-107644websiteIAPD
Latest filing Feb 21, 2025
First filing on the tape Mar 31, 2016 · 20 filings
SEC status approved since Apr 18, 2016
RAUM
$90.5M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$90.5M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
1
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$90.5M as of Feb 21, 2025
Mar 31, 2017$26.1M then
HNW client RAUM$77.3M as of Feb 21, 2025
Mar 28, 2018$17.9M then
State-registered IARs (5.B.3)0 as of Feb 21, 2025
Mar 31, 20170 then
Employees (5.A)1 as of Feb 21, 2025
Mar 31, 20171 then
Private funds: no history
RAUM +20% over the last fiscal year+12% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Feb 21, 2025; 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
$1.7MderivedHNW RAUM over HNW clients
Average account
$300,692derivedRAUM 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
+20%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
+5.0%derived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisers, publicationsreportedItem 5.G
Custody
$64.0M, 94 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
  • 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 securities (9.A.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
  • the adviser acts as qualified custodian (9.D.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$77.3M85%
  • Individuals$13.2M15%
Individual clients
61reported
HNW clients
45reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
301reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
$64.0M for 94 clientsreported
Compensation
% of AUM, hourlyreported
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
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 days1 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • L••• J••••• W•• · Chief Compliance Officer, Managing Membercontrol
    since 09/1998 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Saratoga Springs, Ny · principal001
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 287 to 301
    Mar 22, 2024 to Feb 21, 2025
  • Advisory activities · 4 to 5
    Mar 22, 2024 to Feb 21, 2025
  • HNW clients · 35 to 45
    Mar 22, 2024 to Feb 21, 2025
  • Individual clients · 66 to 61
    Mar 22, 2024 to Feb 21, 2025
  • Assets in custody · $448,630 to $64.0M
    Mar 22, 2024 to Feb 21, 2025
  • Custody of client assets · false to true
    Mar 22, 2024 to Feb 21, 2025
  • Financial planning clients · 51-100 to 51-100
    Mar 22, 2024 to Feb 21, 2025
  • Discretionary RAUM · $75.3M to $90.5M
    Mar 22, 2024 to Feb 21, 2025
  • HNW RAUM · $62.2M to $77.3M
    Mar 22, 2024 to Feb 21, 2025
  • Individual RAUM · $13.2M to $13.2M
    Mar 22, 2024 to Feb 21, 2025
  • RAUM · $75.3M to $90.5M
    Mar 22, 2024 to Feb 21, 2025
  • Accounts · 120 to 287
    Sep 8, 2023 to Mar 22, 2024
  • HNW clients · 29 to 35
    Sep 8, 2023 to Mar 22, 2024
  • Individual clients · 70 to 66
    Sep 8, 2023 to Mar 22, 2024
  • Assets in custody · $424,189 to $448,630
    Sep 8, 2023 to Mar 22, 2024
  • Discretionary RAUM · $54.8M to $75.3M
    Sep 8, 2023 to Mar 22, 2024
  • HNW RAUM · $11.1M to $62.2M
    Sep 8, 2023 to Mar 22, 2024
  • Individual RAUM · $43.7M to $13.2M
    Sep 8, 2023 to Mar 22, 2024
  • RAUM · $54.8M to $75.3M
    Sep 8, 2023 to Mar 22, 2024
  • Accounts · 99 to 120
    Oct 18, 2022 to Mar 30, 2023
  • HNW clients · 32 to 29
    Oct 18, 2022 to Mar 30, 2023
  • Individual clients · 67 to 70
    Oct 18, 2022 to Mar 30, 2023
  • Assets in custody · $538,331 to $424,189
    Oct 18, 2022 to Mar 30, 2023
  • Discretionary RAUM · $63.7M to $54.8M
    Oct 18, 2022 to Mar 30, 2023
  • HNW RAUM · $51.2M to $11.1M
    Oct 18, 2022 to Mar 30, 2023
  • Individual RAUM · $12.5M to $43.7M
    Oct 18, 2022 to Mar 30, 2023
  • RAUM · $63.7M to $54.8M
    Oct 18, 2022 to Mar 30, 2023
  • Accounts · 247 to 99
    Mar 22, 2021 to Mar 28, 2022
  • HNW clients · 35 to 32
    Mar 22, 2021 to Mar 28, 2022
  • Individual clients · 55 to 67
    Mar 22, 2021 to Mar 28, 2022
  • Assets in custody · $444,518 to $538,331
    Mar 22, 2021 to Mar 28, 2022
  • Discretionary RAUM · $51.5M to $63.7M
    Mar 22, 2021 to Mar 28, 2022
  • HNW RAUM · $41.0M to $51.2M
    Mar 22, 2021 to Mar 28, 2022
  • Individual RAUM · $10.5M to $12.5M
    Mar 22, 2021 to Mar 28, 2022
  • RAUM · $51.5M to $63.7M
    Mar 22, 2021 to Mar 28, 2022
  • Accounts · 230 to 247
    Jun 24, 2020 to Mar 18, 2021
  • HNW clients · 32 to 35
    Jun 24, 2020 to Mar 18, 2021
  • Individual clients · 90 to 55
    Jun 24, 2020 to Mar 18, 2021
  • Financial planning clients · 101-250 to 51-100
    Jun 24, 2020 to Mar 18, 2021
  • Discretionary RAUM · $41.1M to $51.5M
    Jun 24, 2020 to Mar 18, 2021
Signals
3 dated events
  • L•• I••••••••• M••••••••• L•• no longer on the SEC adviser roster (last listed 2025-09-02, RAUM $90.5M)
    Dec 20, 2025 · Left the SEC roster · derived
  • J•••• W•• L•• left L•• I••••••••• M••••••••• L•• for C••••••••• I••••••••• A•••••••• L•• (registered 2025-10-14)
    Nov 21, 2025 · Advisor changed firm · fact
  • L•• I••••••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
    Mar 31, 2016 · 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.
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