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••••••• A•••• M••••••••• L••

Former SEC-registered adviserSanta Fe, New MexicoCRD 122997SEC 801-79973websiteIAPD
Latest filing Dec 10, 2025
First filing on the tape Apr 2, 2012 · 34 filings
SEC status approved since Jun 30, 2014
RAUM
$339M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
88%
$300M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
7
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$339M as of Dec 10, 2025
Apr 2, 2012$83.5M then
HNW client RAUM$222M as of Dec 10, 2025
Mar 30, 2018$70.7M then
State-registered IARs (5.B.3)3 as of Dec 10, 2025
Apr 2, 20120 then
Employees (5.A)7 as of Dec 10, 2025
Feb 24, 20152 then
Private funds: no history
RAUM +16% over the last fiscal year+12% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Dec 10, 2025; every figure names its basis
RAUM per advisor
$113MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
92derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.3MderivedHNW RAUM over HNW clients
Average account
$591,430derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
12%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.3derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+16%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+7.0%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, otherreportedItem 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$222M65%
  • Individuals$78.5M23%
  • Charitable organizations$39.1M12%
Individual clients
207reported
HNW clients
68reported
Pension plan clients
n/areported
Charitable clients
9reported
Accounts
574reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
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
4 left, 0 joined in 12 months
net -4 in 12 months0 left in 90 days0 joined in 90 days6 left over 36 months
Left, 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
    • C•••••• D••••• A•••• · Principal/Chief Compliance Officercontrol
      since 09/2002 · owns less than 5%
    • F••••• H•••••• M•••• · Principalcontrol
      since 07/2015 · owns less than 5%
    • C•••••• D••••• A•••• · Principalcontrol
      since 07/2000 · owns 75% or more of Raven'S Wing
    • F••••• H•••••• M•••• · Principalcontrol
      since 06/2015 · owns 75% or more of S•••••••• L•••
    • P•••••• M••••• E•••••• · Partner
      since 03/2024 · owns less than 5%
    Entity owners
    • R••••••••• A•••• M••••••••• I••• · Member
      direct · owns 75% or more
    • S•••••••• L••• · Member
      direct · 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
    Santa Fe, Nm · principal004
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 610 to 574
      Mar 28, 2024 to Mar 28, 2025
    • Advisory employees · 4 to 3
      Mar 28, 2024 to Mar 28, 2025
    • Charity clients · 6 to 9
      Mar 28, 2024 to Mar 28, 2025
    • HNW clients · 70 to 68
      Mar 28, 2024 to Mar 28, 2025
    • Individual clients · 187 to 207
      Mar 28, 2024 to Mar 28, 2025
    • Employees · 6 to 7
      Mar 28, 2024 to Mar 28, 2025
    • Financial planning clients · 51-100 to 51-100
      Mar 28, 2024 to Mar 28, 2025
    • Discretionary RAUM · $293M to $339M
      Mar 28, 2024 to Mar 28, 2025
    • HNW RAUM · $198M to $222M
      Mar 28, 2024 to Mar 28, 2025
    • Individual RAUM · $66.8M to $78.5M
      Mar 28, 2024 to Mar 28, 2025
    • RAUM · $293M to $339M
      Mar 28, 2024 to Mar 28, 2025
    • Accounts · 552 to 610
      Mar 15, 2023 to Mar 28, 2024
    • Charity clients · 8 to 6
      Mar 15, 2023 to Mar 28, 2024
    • HNW clients · 56 to 70
      Mar 15, 2023 to Mar 28, 2024
    • Individual clients · 194 to 187
      Mar 15, 2023 to Mar 28, 2024
    • Employees · 8 to 6
      Mar 15, 2023 to Mar 28, 2024
    • State-registered IARs · 4 to 3
      Mar 15, 2023 to Mar 28, 2024
    • Other offices · 1 to 0
      Mar 15, 2023 to Mar 28, 2024
    • Discretionary RAUM · $240M to $293M
      Mar 15, 2023 to Mar 28, 2024
    • HNW RAUM · $141M to $198M
      Mar 15, 2023 to Mar 28, 2024
    • Individual RAUM · $74.4M to $66.8M
      Mar 15, 2023 to Mar 28, 2024
    • RAUM · $240M to $293M
      Mar 15, 2023 to Mar 28, 2024
    • Accounts · 423 to 552
      Dec 7, 2022 to Mar 15, 2023
    • Advisory employees · 3 to 4
      Dec 7, 2022 to Mar 15, 2023
    • HNW clients · 57 to 56
      Dec 7, 2022 to Mar 15, 2023
    • Individual clients · 166 to 194
      Dec 7, 2022 to Mar 15, 2023
    • Employees · 3 to 8
      Dec 7, 2022 to Mar 15, 2023
    • Financial planning clients · 26-50 to 51-100
      Dec 7, 2022 to Mar 15, 2023
    • State-registered IARs · 3 to 4
      Dec 7, 2022 to Mar 15, 2023
    • Discretionary RAUM · $239M to $240M
      Dec 7, 2022 to Mar 15, 2023
    • HNW RAUM · $149M to $141M
      Dec 7, 2022 to Mar 15, 2023
    • Individual RAUM · $63.7M to $74.4M
      Dec 7, 2022 to Mar 15, 2023
    • RAUM · $239M to $240M
      Dec 7, 2022 to Mar 15, 2023
    • Charity clients · 5 to 8
      Apr 22, 2021 to Mar 14, 2022
    • HNW clients · 54 to 57
      Apr 22, 2021 to Mar 14, 2022
    • Individual clients · 132 to 166
      Apr 22, 2021 to Mar 14, 2022
    • Employees · 6 to 3
      Apr 22, 2021 to Mar 14, 2022
    • Financial planning clients · 51-100 to 26-50
      Apr 22, 2021 to Mar 14, 2022
    • Discretionary RAUM · $195M to $239M
      Apr 22, 2021 to Mar 14, 2022
    • HNW RAUM · $126M to $149M
      Apr 22, 2021 to Mar 14, 2022
    Signals
    9 dated events
    • L••••••• A•••• M••••••••• L•• no longer on the SEC adviser roster (last listed 2026-03-02, RAUM $339.5M)
      Apr 1, 2026 · Left the SEC roster · derived
    • J•••••• N••••• B••• left L••••••• A•••• M••••••••• L•• for E• W••••• A••••••• (registered 2026-03-16)
      Mar 23, 2026 · Advisor changed firm · fact
    • M••••• J• R•••••••• left L••••••• A•••• M••••••••• L•• for E• W••••• A••••••• (registered 2026-02-24)
      Mar 23, 2026 · Advisor changed firm · fact
    • H••••• M•••• F•••• left L••••••• A•••• M••••••••• L•• for E• W••••• A••••••• (registered 2026-02-17)
      Mar 23, 2026 · Advisor changed firm · fact
    • D•••• A•••• C••••• left L••••••• A•••• M••••••••• L•• for M•••••• I••••••••• M••••••••• C•••••• (registered 2006-03-23)
      Mar 23, 2026 · Advisor changed firm · fact
    • L••••••• A•••• M••••••••• L••'s advisors moved to E• W••••• A••••••• (Santa FE, NM): 3 of 4 registered, on the same day
      Mar 23, 2026 · Firm absorbed (people side) · derived
    • E•••• P•••••• E•••• left L••••••• A•••• M••••••••• L•• for E••••• J•••• (registered 2024-09-23)
      Sep 27, 2024 · Advisor changed firm · fact
    • D•••••• E••••• L•••• left L••••••• A•••• M••••••••• L•• for I••••••••• A••••••• G•••• (registered 2026-01-23)
      Mar 27, 2024 · Advisor changed firm · fact
    • L••••••• A•••• M••••••••• L•• filed its initial SEC registration (Form ADV)
      Jun 18, 2014 · 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