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

S•• W••••• M•••••••••

Former SEC-registered adviserIndianapolis, IndianaCRD 122433SEC 801-78108IAPD
Legal name S•••••••• B•••••• C••••••••• I•••
Latest filing Sep 30, 2024
First filing on the tape May 20, 2013 · 32 filings
RAUM
$1.0B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$995M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
14
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$1.0B as of Mar 27, 2024
Mar 25, 2014$287M then
HNW client RAUM$788M as of Mar 27, 2024
Mar 29, 2018$294M then
State-registered IARs (5.B.3)7 as of Mar 27, 2024
Mar 25, 20144 then
Employees (5.A)14 as of Mar 27, 2024
Mar 25, 20148 then
Private funds: no history
RAUM +15% over the last fiscal year+6.8% a year over threeIARs 9 to 7
Practice profile
derived from the filing of Sep 30, 2024; every figure names its basis
RAUM per advisor
$144MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
159derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.6MderivedHNW RAUM over HNW clients
Average account
$330,872derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
7.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+15%derivedbetween the last two annual amendments
Advisor growth, one year
-22%derivedItem 5.B.3 between annual amendments
Client growth, one year
-3.5%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
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 securities (9.A.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$788M78%
  • Individuals$207M21%
  • Insurance companies$12.9M1.3%
  • Pension and profit-sharing plans$1,4180.0%
Individual clients
618reported
HNW clients
492reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3,047reported
Financial planning clients
11-25reported
Wrap fee programs
$0 sponsored, $1.0B managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, 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
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • H•••••• S••••• G•••••• · Ownercontrol
      since 06/1983 · owns 25% to 50%
    • M•••••• P••••••• B•••• · Ceo And Ownercontrol
      since 12/1987 · owns 25% to 50%
    • P••••• E•••• N• · Owner & Co-Coo, Chief Compliance Officercontrol
      since 03/2013 · owns 10% to 25%
    • S•••••••• C•••••• M•••••• · President, Co-Coo, And Ownercontrol
      since 08/2017 · owns 10% to 25%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Indianapolis, In · principal000
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 2,982 to 3,047
      Sep 25, 2023 to Mar 27, 2024
    • Advisory employees · 9 to 7
      Sep 25, 2023 to Mar 27, 2024
    • HNW clients · 504 to 492
      Sep 25, 2023 to Mar 27, 2024
    • Individual clients · 646 to 618
      Sep 25, 2023 to Mar 27, 2024
    • Assets in custody · $113M to $641M
      Sep 25, 2023 to Mar 27, 2024
    • Employees · 18 to 14
      Sep 25, 2023 to Mar 27, 2024
    • Financial planning clients · 51-100 to 11-25
      Sep 25, 2023 to Mar 27, 2024
    • State-registered IARs · 9 to 7
      Sep 25, 2023 to Mar 27, 2024
    • Discretionary RAUM · $875M to $1.0B
      Sep 25, 2023 to Mar 27, 2024
    • HNW RAUM · $713M to $788M
      Sep 25, 2023 to Mar 27, 2024
    • Individual RAUM · $155M to $207M
      Sep 25, 2023 to Mar 27, 2024
    • Non-discretionary RAUM · $2.9M to $3.1M
      Sep 25, 2023 to Mar 27, 2024
    • Pension RAUM · $1,412 to $1,418
      Sep 25, 2023 to Mar 27, 2024
    • RAUM · $878M to $1.0B
      Sep 25, 2023 to Mar 27, 2024
    • Wrap assets (manager) · $875M to $1.0B
      Sep 25, 2023 to Mar 27, 2024
    • Accounts · 2,787 to 2,982
      Mar 7, 2023 to Mar 30, 2023
    • HNW clients · 486 to 504
      Mar 7, 2023 to Mar 30, 2023
    • Individual clients · 603 to 646
      Mar 7, 2023 to Mar 30, 2023
    • Assets in custody · $718M to $113M
      Mar 7, 2023 to Mar 30, 2023
    • Employees · 15 to 18
      Mar 7, 2023 to Mar 30, 2023
    • Discretionary RAUM · $1.0B to $875M
      Mar 7, 2023 to Mar 30, 2023
    • HNW RAUM · $829M to $713M
      Mar 7, 2023 to Mar 30, 2023
    • Individual RAUM · $171M to $155M
      Mar 7, 2023 to Mar 30, 2023
    • Non-discretionary RAUM · $3.2M to $2.9M
      Mar 7, 2023 to Mar 30, 2023
    • Pension RAUM · $1,411 to $1,412
      Mar 7, 2023 to Mar 30, 2023
    • RAUM · $1.0B to $878M
      Mar 7, 2023 to Mar 30, 2023
    • Wrap assets (manager) · $1.0B to $875M
      Mar 7, 2023 to Mar 30, 2023
    • Accounts · 2,475 to 2,787
      Jul 28, 2021 to Mar 29, 2022
    • Advisory employees · 8 to 9
      Jul 28, 2021 to Mar 29, 2022
    • HNW clients · 352 to 486
      Jul 28, 2021 to Mar 29, 2022
    • Individual clients · 624 to 603
      Jul 28, 2021 to Mar 29, 2022
    • Pension plan clients · 17.0 to unset
      Jul 28, 2021 to Mar 29, 2022
    • Assets in custody · $545M to $718M
      Jul 28, 2021 to Mar 29, 2022
    • State-registered IARs · 8 to 9
      Jul 28, 2021 to Mar 29, 2022
    • Discretionary RAUM · $824M to $1.0B
      Jul 28, 2021 to Mar 29, 2022
    • HNW RAUM · $584M to $829M
      Jul 28, 2021 to Mar 29, 2022
    • Individual RAUM · $222M to $171M
      Jul 28, 2021 to Mar 29, 2022
    • Non-discretionary RAUM · $3.0M to $3.2M
      Jul 28, 2021 to Mar 29, 2022
    • Pension RAUM · $15.0M to $1,411
      Jul 28, 2021 to Mar 29, 2022
    • RAUM · $827M to $1.0B
      Jul 28, 2021 to Mar 29, 2022
    Signals
    17 dated events
    • D•••• H••••• S••••• left S•• W••••• M••••••••• for C••••• P••••••• L•• (registered 2024-10-01)
      Nov 25, 2024 · Advisor changed firm · fact
    • C••••• M•••••• S••••••• left S•• W••••• M••••••••• for C••••• P••••••• L•• (registered 2024-10-01)
      Nov 25, 2024 · Advisor changed firm · fact
    • S•••• G•••••• H••••• left S•• W••••• M••••••••• for L•• F•••••••• L•• (registered 2000-11-16)
      Nov 25, 2024 · Advisor changed firm · fact
    • A••••• K••• F•••••• left S•• W••••• M••••••••• for C••••• P••••••• L•• (registered 2024-10-01)
      Nov 25, 2024 · Advisor changed firm · fact
    • P•••••• B•••• M••••• left S•• W••••• M••••••••• for L•• F•••••••• L•• (registered 2000-11-16)
      Nov 25, 2024 · Advisor changed firm · fact
    • S•••• B••••••• D••••• left S•• W••••• M••••••••• for C••••• P••••••• L•• (registered 2024-10-01)
      Nov 25, 2024 · Advisor changed firm · fact
    • E••• N• P•••• left S•• W••••• M••••••••• for L•• F•••••••• L•• (registered 2014-02-13)
      Nov 25, 2024 · Advisor changed firm · fact
    • K•••• R••••• S••••• left S•• W••••• M••••••••• for C••••• P••••••• L•• (registered 2024-10-01)
      Nov 25, 2024 · Advisor changed firm · fact
    • S•• W••••• M•••••••••'s advisors moved to C••••• P••••••• L•• (Indianapolis, IN): 5 of 8 registered, on the same day
      Nov 25, 2024 · Firm absorbed (people side) · derived
    • 3 advisors left S•• W••••• M••••••••• (Indianapolis, IN) for L•• F•••••••• L•• on the same day
      Nov 25, 2024 · Team lift-out · derived
    • E Matthew Corey (Chief Compliance Officer) no longer on Schedule A of S•• W••••• M••••••••• (listed 2024-03-27, absent 2024-09-30)
      Sep 30, 2024 · Control person left · inference
    • A••••• T••••••• H•••••• left S•• W••••• M••••••••• for Lido (registered 2024-02-26)
      Mar 6, 2024 · Advisor changed firm · fact
    • S••••• M••••• left S•• W••••• M••••••••• for N••••••••• M••••• I••••••••• S••••••••• (registered 2023-11-01)
      Sep 25, 2023 · Advisor changed firm · fact
    • M•••••• R••••• M•••••• left S•• W••••• M••••••••• for A•••• W••••• A••••••• (registered 2023-09-19)
      Aug 31, 2023 · Advisor changed firm · fact
    • E Matthew Corey (Chief Compliance Officer) appeared on Schedule A of S•• W••••• M•••••••••
      Jun 17, 2022 · Control person joined · fact
    • S•• W••••• M••••••••• reported RAUM $688.6M, up 29% from $534.6M (2019-03-28 to 2020-03-26)
      Mar 26, 2020 · RAUM change · derived
    • S•• W••••• M••••••••• filed its initial SEC registration (Form ADV)
      May 20, 2013 · 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