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
K••••• F••••••••• L••
Latest filing Jul 29, 2026
First filing on the tape Jan 4, 2018 · 22 filings
SEC status approved since Feb 6, 2018
RAUM
$316M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
72%
$229M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$79.0M
derived; firm RAUM over IAPD count
Employees
7
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$316M as of Jul 29, 2026
Feb 12, 2019$126M then
HNW client RAUM$170M as of Jul 29, 2026
Feb 12, 2019$18.0M then
State-registered IARs (5.B.3)4 as of Jul 29, 2026
Feb 12, 20194 then
Employees (5.A)7 as of Jul 29, 2026
Feb 12, 20194 then
Private funds1 as of Jul 29, 2026
Feb 12, 20191 then
RAUM +17% over the last fiscal year+16% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Jul 29, 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
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $79.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 48derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.4MderivedHNW RAUM over HNW clients
- Average account
- $3.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.8derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +17%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +5.6%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for pooled vehicles, publications, educational seminarsreportedItem 5.G
- Custody
- $93.6M, 6 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
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$170M54%
- Pooled investment vehicles$82.4M26%
- Individuals$58.6M19%
- Corporations and businesses$2.6M0.8%
- Pension and profit-sharing plans$2.3M0.7%
- Individual clients
- 120reported
- HNW clients
- 70reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 100reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- $93.6M for 6 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.72 fund_share=0.26 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| K•••• B•••• N••••• | Des Plaines, Il | Oct 27, 1999 | 36 y | 0 |
| P••• N••••••• L••••• | Des Plaines, Il | Oct 27, 1999 | 36 y | 0 |
| R••• J••••• M••••••• | Des Plaines, Il | Oct 6, 2010 | 24 y | 0 |
| N••• D•••••• J•••• | Des Plaines, Il | Dec 11, 2019 | 20 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| S••••• I•••••••• F•••• L•• | Other Private Fund | $62.4M | 90 | Jan 4, 2018 |
Owners and control persons
Schedule A and B, latest filing
- J••••• N•••• D•••••• · Membercontrolsince 07/2020 · owns 10% to 25%
- N•••••• K••••• B•••• · Chief Compliance Officercontrolsince 01/1990 · owns 25% to 50%
- L•••••• P•••• N••••••• · Membersince 05/1985 · owns 10% to 25%
- M•••••••• R•••• J••••• · Membersince 10/2009 · owns 25% to 50%
Related persons
Schedule D 7.A
- R••• M••••••• • A••••••••• C•••• L••insurancen
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Des Plaines, Il · principal | 4 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- account count collapseChange between filings · filing Mar 13, 2026accounts (Item 5.F.2.f) moved from 499.0 to 100.0 (-80.0%) between the annual amendments of 2025-03-14 and 2026-03-13; the peer median change was +5.0% (3687 comparable advisers, 0.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,687) · 0.4% percentile
What changed
consecutive filings, newest first
- Accounts · 499 to 100Jan 9, 2026 to Mar 13, 2026
- HNW clients · 54 to 70Jan 9, 2026 to Mar 13, 2026
- Individual clients · 126 to 120Jan 9, 2026 to Mar 13, 2026
- Assets in custody · $82.2M to $93.6MJan 9, 2026 to Mar 13, 2026
- Discretionary RAUM · $270M to $316MJan 9, 2026 to Mar 13, 2026
- HNW RAUM · $132M to $170MJan 9, 2026 to Mar 13, 2026
- Individual RAUM · $55.3M to $58.6MJan 9, 2026 to Mar 13, 2026
- Pension RAUM · $2.4M to $2.3MJan 9, 2026 to Mar 13, 2026
- Pooled vehicle RAUM · $77.2M to $82.4MJan 9, 2026 to Mar 13, 2026
- RAUM · $270M to $316MJan 9, 2026 to Mar 13, 2026
- Business name · I••••••• L•• to K••••• F••••••••• L••Mar 14, 2025 to Jan 9, 2026
- Legal name · I••••••• L•• to K••••• F••••••••• L••Mar 14, 2025 to Jan 9, 2026
- Accounts · 185 to 499Oct 27, 2024 to Mar 14, 2025
- Advisory employees · 4 to 3Oct 27, 2024 to Mar 14, 2025
- HNW clients · 51 to 54Oct 27, 2024 to Mar 14, 2025
- Individual clients · 131 to 126Oct 27, 2024 to Mar 14, 2025
- Assets in custody · $71.4M to $82.2MOct 27, 2024 to Mar 14, 2025
- Employees · 11 to 7Oct 27, 2024 to Mar 14, 2025
- Financial planning clients · 51-100 to 101-250Oct 27, 2024 to Mar 14, 2025
- Discretionary RAUM · $233M to $270MOct 27, 2024 to Mar 14, 2025
- HNW RAUM · $108M to $132MOct 27, 2024 to Mar 14, 2025
- Individual RAUM · $54.0M to $55.3MOct 27, 2024 to Mar 14, 2025
- Pension RAUM · $2.0M to $2.4MOct 27, 2024 to Mar 14, 2025
- Pooled vehicle RAUM · $66.8M to $77.2MOct 27, 2024 to Mar 14, 2025
- RAUM · $233M to $270MOct 27, 2024 to Mar 14, 2025
- Accounts · 192 to 185Sep 25, 2023 to Mar 12, 2024
- HNW clients · 42 to 51Sep 25, 2023 to Mar 12, 2024
- Individual clients · 148 to 131Sep 25, 2023 to Mar 12, 2024
- Pension plan clients · 1.0 to unsetSep 25, 2023 to Mar 12, 2024
- Assets in custody · $64.7M to $71.4MSep 25, 2023 to Mar 12, 2024
- Employees · 4 to 11Sep 25, 2023 to Mar 12, 2024
- Financial planning clients · 101-250 to 51-100Sep 25, 2023 to Mar 12, 2024
- Discretionary RAUM · $202M to $233MSep 25, 2023 to Mar 12, 2024
- HNW RAUM · $82.6M to $108MSep 25, 2023 to Mar 12, 2024
- Individual RAUM · $57.5M to $54.0MSep 25, 2023 to Mar 12, 2024
- Pension RAUM · $1.8M to $2.0MSep 25, 2023 to Mar 12, 2024
- Pooled vehicle RAUM · $60.0M to $66.8MSep 25, 2023 to Mar 12, 2024
- RAUM · $202M to $233MSep 25, 2023 to Mar 12, 2024
- Accounts · 196 to 192Nov 11, 2022 to Mar 10, 2023
- HNW clients · 51 to 42Nov 11, 2022 to Mar 10, 2023
Signals
3 dated events
- Joseph Myron Gaylord (Member) no longer on Schedule A of K••••• F••••••••• L•• (listed 2022-05-06, absent 2022-06-21)Jun 21, 2022 · Control person left · inference
- Dhillon Nilu Judge (Member) appeared on Schedule A of K••••• F••••••••• L••Mar 9, 2022 · Control person joined · fact
- I••••••• L•• filed its initial SEC registration (Form ADV)Jan 4, 2018 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- K••••• F••••••••• L•• · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Business phone
- 847-257-7200reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- K•••••FINANCIAL.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (847) 257-7200reportedpublic record, Form ADV, Jul 29, 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
- $79.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026
Across the graphs
K••••• F••••••••• L•• is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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