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
S•• A•••• M•••••••••
Latest filing Mar 30, 2026
First filing on the tape Mar 30, 2012 · 38 filings
SEC status approved since Jan 2, 2003
RAUM
$32B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$4.0B
derived; firm RAUM over IAPD count
Employees
24
24 advisory (5.B.1)
Offices
7
beyond the principal office
Private funds
0
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$32B as of Mar 30, 2026
Mar 30, 2012$10.0B then
HNW client RAUM$0 as of Mar 30, 2026
Mar 31, 2018$0 then
State-registered IARs (5.B.3)3 as of Mar 30, 2026
Mar 30, 20120 then
Employees (5.A)24 as of Mar 30, 2026
Apr 1, 201329 then
Private funds: no history
RAUM -2.0% over the last fiscal year-29% a year over threeIARs 8 to 3offices 18 to 7
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
- b••• affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
- RAUM per advisor
- $4.0BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $70.6MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived8 offices incl. principal (1.F.5)
- RAUM growth, one year
- -2.0%derivedbetween the last two annual amendments
- Advisor growth, one year
- -63%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, otherreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutionsreportedItem 5.G
- Ownership
- a bank, bancorp or trust company is a 50 percent or greater ownerderived
- 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Corporations and businesses$32B100%
- Insurance companies$39.4M0.1%
- Other investment advisers$1.5M0.0%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 458reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.0 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=0.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| N•••• M•••• F••••• | Salt Lake City, Ut | Feb 10, 2006 | 21 y | 0 |
| M•••••• J••• I••••••• | San Francisco, Ca | Feb 14, 2006 | 26 y | 0 |
| N•••• H• T•••• | Irvine, Ca | Nov 2, 2010 | 19 y | 2 |
| Q•••• T•• N••••• | San Francisco, Ca | May 21, 2014 | 16 y | 2 |
| A•••••• P••• V••••• | Boston, Ma | Mar 6, 2019 | 38 y | 4 |
| A••••• L••• D•••••• | Ennis, Mt | Dec 13, 2022 | 12 y | 2 |
| T••••••• M•• M•••••• | North Wales, Pa | Aug 15, 2025 | 21 y | 6 |
| A•••••• F•••••• G•••• | Lakewood, Co | Jun 12, 2026 | 21 y | 3 |
Advisor movement
1 left, 1 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 13% of current headcount1 left over 36 months
Left, latest
- N••••••• W•••••• F••••• to W••••• E••••••••• A••••••• S•••••••• L••Mar 18, 2026 · Other
- J••• H•• to S•• I••••••••• S••••••• I•••Jan 17, 2017 · Other
- M•••••• J• C••••• to S•• I••••••••• S••••••• I•••Jan 17, 2017 · Other
- D•••• T••••• B••••• to S•• I••••••••• S••••••• I•••Jan 17, 2017 · Other
- J••••• W••• M••••• to B••• F•••••••• L•••Sep 8, 2014 · Other
- C••••••••• C••••• G••••• to A••••••• E•••••••• I•••Jan 8, 2010 · Other
- S••• S•••• to J••• M••••• S••••••••• L••Feb 18, 2005 · Other
- E••• S• D••• to D••• D••••••• • C••Jun 16, 2004 · Other
Joined, latest
- A•••••• F•••••• G•••• from W•••• F•••• A•••••••Jun 12, 2026 · Other
- T••••••• M•• M•••••• from C•••••• G•••• • C• I••Aug 15, 2025 · Other
- A••••• L••• D•••••• from I•••••• I••••••••• L••Dec 13, 2022 · Other
- A•••••• P••• V••••• from T••••• C•••••• L••Mar 6, 2019 · Other
- D•••• T••••• B••••• from C•••••••• G••••• M•••••• I•••Dec 20, 2016 · Other
- Q•••• T•• N••••• from M•• I•••••••• S•••••••• L••May 21, 2014 · Other
- J••• H•• from W•••• F•••• A•••••••Jul 11, 2012 · Other
- M•••••• J• C••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Jan 12, 2012 · Other
- N••••••• W•••••• F••••• from F••••• I•••••••••Apr 29, 2011 · Other
- N•••• H• T•••• from B•••••••• F••• A•••••••Nov 2, 2010 · Other
- C••••••••• C••••• G••••• from F••••• I•••••••••Aug 20, 2009 · Other
- S••• S•••• from C•••••• A••••••• G••••• I••Feb 23, 2004 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for S•• I••••••••• S••••••• I•••Jan 17, 2017 · San Francisco, Ca
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B••••••• P••••• M••••••• · Directorcontrolsince 03/2024 · owns less than 5%
- K••• P•••••••• C•••••••• · President, Ceo And Directorcontrolsince 10/2020 · owns less than 5%
- S••••••••• W•••••• · Directorcontrolsince 03/2020 · owns less than 5%
- W•••• J•••• M•••••• · Directorcontrolsince 03/2024 · owns less than 5%
- Y••••• M••••••• R••••• · Directorcontrolsince 03/2024 · owns less than 5%
- H•••••• C•••••• T••••• · Chief Compliance Officersince 07/2023 · owns less than 5%
- I•••• M••••••• W••• · Anti-Money Laundering Officersince 01/2023 · owns less than 5%
Entity owners
- F••••••••• B••• • T•••• C•••••• · Parentdirect · owns 75% or more
- F•••• C••••••• B••••••••• I••• · 100% Ownerindirect · owns 75% or more of F••••••••• B••• • T•••• C•••••• · public reporting company
Related persons
Schedule D 7.A
- F•••• C••••••• A•••• M••••••••• I••investment advisernRAUM $465M
- F•••• C••••••• C•••••• S••••••••• L••broker-dealern
- F•••• C••••••• I••••••••• A•••• M••••••••• L••investment advisernRAUM $829M
- F•••• C••••••• I••••••• S•••••••• I•••broker-dealerinvestment adviserreal estatenRAUM $2.6B
- F••••••••• B••• • T•••• C••••••y
- N•••• T•••• S•••••••• I•••real estaten
- S•• W•••••investment advisernRAUM $3.1B
Advisers that list S•• A•••• M••••••••• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| San Francisco, Ca · principal | 4 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Pheonix, AZ25 employees
- Santa Clara, CA14 employees
- Salt Lake City, UT8 employees
- New York, NY6 employees
- West Conshohocken, PA3 employees
- Boston, MA3 employees
- Seattle, WA3 employees
- Atlanta, GA3 employees
- San Diego, CA2 employees
- Santa Monica, CA2 employees
- Irvine, CA2 employees
- Chicago, IL1 employees
- Denver, CO1 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- advisor count dropChange between filings · filing Mar 30, 2026advisory representatives (Item 5.B.3) moved from 8.0 to 3.0 (-63.0%) between the annual amendments of 2025-04-23 and 2026-03-30; the peer median change was -4.0% (31 comparable advisers, 7.0th percentile of changes)peers: other advisers, $20B and over (31) · 6.7% percentile
- employee count dropChange between filings · filing Mar 30, 2026employees (Item 5.A) moved from 104.0 to 24.0 (-77.0%) between the annual amendments of 2025-04-23 and 2026-03-30; the peer median change was +3.0% (111 comparable advisers, 0.0th percentile of changes)peers: other advisers, $20B and over (111) · 0.0% percentile
- office count dropChange between filings · filing Mar 30, 2026offices other than the principal office (Item 1.F.5) moved from 18.0 to 7.0 (-61.0%) between the annual amendments of 2025-04-23 and 2026-03-30; the peer median change was 0.0% (49 comparable advisers, 0.0th percentile of changes)peers: other advisers, $20B and over (49) · 0.0% percentile
What changed
consecutive filings, newest first
- Accounts · 523 to 458Apr 23, 2025 to Mar 30, 2026
- Advisory employees · 104 to 24Apr 23, 2025 to Mar 30, 2026
- Advisory activities · 2 to 1Apr 23, 2025 to Mar 30, 2026
- Corporate clients · 518 to 454Apr 23, 2025 to Mar 30, 2026
- Employees · 104 to 24Apr 23, 2025 to Mar 30, 2026
- State-registered IARs · 8 to 3Apr 23, 2025 to Mar 30, 2026
- Other offices · 18 to 7Apr 23, 2025 to Mar 30, 2026
- Discretionary RAUM · $33B to $32BApr 23, 2025 to Mar 30, 2026
- RAUM · $33B to $32BApr 23, 2025 to Mar 30, 2026
- Accounts · 551 to 523Mar 29, 2024 to Apr 23, 2025
- Advisory employees · 106 to 104Mar 29, 2024 to Apr 23, 2025
- Advisory activities · 3 to 2Mar 29, 2024 to Apr 23, 2025
- Corporate clients · 543 to 518Mar 29, 2024 to Apr 23, 2025
- Pooled vehicle clients · 1 to 0Mar 29, 2024 to Apr 23, 2025
- Employees · 106 to 104Mar 29, 2024 to Apr 23, 2025
- Financial planning clients · unset to Mar 29, 2024 to Apr 23, 2025
- State-registered IARs · 12 to 8Mar 29, 2024 to Apr 23, 2025
- Other offices · 13 to 18Mar 29, 2024 to Apr 23, 2025
- Discretionary RAUM · $32B to $33BMar 29, 2024 to Apr 23, 2025
- Pooled vehicle RAUM · 78356419.0 to unsetMar 29, 2024 to Apr 23, 2025
- RAUM · $32B to $33BMar 29, 2024 to Apr 23, 2025
- Accounts · 588 to 551Dec 8, 2023 to Mar 29, 2024
- Advisory activities · 2 to 3Dec 8, 2023 to Mar 29, 2024
- Corporate clients · 583 to 543Dec 8, 2023 to Mar 29, 2024
- Pooled vehicle clients · 0 to 1Dec 8, 2023 to Mar 29, 2024
- Other offices · 17 to 13Dec 8, 2023 to Mar 29, 2024
- Discretionary RAUM · $44B to $32BDec 8, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $0 to $78.4MDec 8, 2023 to Mar 29, 2024
- RAUM · $44B to $32BDec 8, 2023 to Mar 29, 2024
- Accounts · 827 to 588Mar 31, 2023 to Aug 18, 2023
- Corporate clients · 821 to 583Mar 31, 2023 to Aug 18, 2023
- Discretionary RAUM · $90B to $44BMar 31, 2023 to Aug 18, 2023
- RAUM · $90B to $44BMar 31, 2023 to Aug 18, 2023
- Accounts · 652 to 827Sep 1, 2022 to Mar 31, 2023
- Advisory employees · 88 to 106Sep 1, 2022 to Mar 31, 2023
- Advisory activities · 3 to 2Sep 1, 2022 to Mar 31, 2023
- Corporate clients · 648 to 821Sep 1, 2022 to Mar 31, 2023
- Employees · 88 to 106Sep 1, 2022 to Mar 31, 2023
- Financial planning clients · 0 to unsetSep 1, 2022 to Mar 31, 2023
- State-registered IARs · 10 to 12Sep 1, 2022 to Mar 31, 2023
Signals
30 dated events
- S•• A•••• M••••••••• reported 7 offices beyond its principal office, down from 18 (2025-04-23 to 2026-03-30)Mar 30, 2026 · Office count change · derived
- N••••••• W•••••• F••••• left S•• A•••• M••••••••• for W••••• E••••••••• A••••••• S•••••••• L•• (registered 2026-06-01)Mar 18, 2026 · Advisor changed firm · fact
- S•• A•••• M••••••••• reported 18 offices beyond its principal office, up from 13 (2024-03-29 to 2025-04-23)Apr 23, 2025 · Office count change · derived
- S•• A•••• M••••••••• reported RAUM $32.1B, down 28% from $44.4B (2023-12-08 to 2024-03-29)Mar 29, 2024 · RAUM change · derived
- Mcdonald Peter Bristow (Director) appeared on Schedule A of S•• A•••• M•••••••••Mar 29, 2024 · Control person joined · fact
- Michael Jeff Ward (Director) appeared on Schedule A of S•• A•••• M•••••••••Mar 29, 2024 · Control person joined · fact
- Robert Michael Young (Director) appeared on Schedule A of S•• A•••• M•••••••••Mar 29, 2024 · Control person joined · fact
- Gagan Kanjlia (Director) no longer on Schedule A of S•• A•••• M••••••••• (listed 2023-12-08, absent 2024-03-29)Mar 29, 2024 · Control person left · inference
- S•• A•••• M••••••••• reported RAUM $44.4B, down 50% from $89.7B (2023-03-31 to 2023-08-18)Aug 18, 2023 · RAUM change · derived
- Michael David Sabow (Director) no longer on Schedule A of S•• A•••• M••••••••• (listed 2023-03-31, absent 2023-08-18)Aug 18, 2023 · Control person left · inference
- David Michael Kruse (Director) no longer on Schedule A of S•• A•••• M••••••••• (listed 2023-03-31, absent 2023-08-18)Aug 18, 2023 · Control person left · inference
- S•• A•••• M••••••••• reported 17 offices beyond its principal office, up from 12 (2022-01-03 to 2022-03-28)Mar 28, 2022 · Office count change · derived
- S•• A•••• M••••••••• reported 10 state-registered advisory representatives, up from 0 (2022-01-03 to 2022-03-28)Mar 28, 2022 · Advisor headcount change · derived
- Gagan Kanjlia (Director) appeared on Schedule A of S•• A•••• M•••••••••Mar 28, 2022 · Control person joined · fact
- R••••• K•••• (Director) no longer on Schedule A of S•• A•••• M••••••••• (listed 2022-01-03, absent 2022-03-28)Mar 28, 2022 · Control person left · inference
- S•• A•••• M••••••••• reported RAUM $69.4B, up 51% from $45.9B (2020-10-28 to 2021-03-30)Mar 30, 2021 · RAUM change · derived
- David Michael Kruse (Director) appeared on Schedule A of S•• A•••• M•••••••••Mar 30, 2021 · Control person joined · fact
- Karen Hon (Chief Financial Officer And Director) no longer on Schedule A of S•• A•••• M••••••••• (listed 2020-10-28, absent 2021-03-30)Mar 30, 2021 · Control person left · inference
- Chienfang Patricia Kao (President, Ceo And Director) appeared on Schedule A of S•• A•••• M•••••••••Oct 28, 2020 · Control person joined · fact
- Amena Piracha (Secretary) no longer on Schedule A of S•• A•••• M••••••••• (listed 2020-09-01, absent 2020-10-28)Oct 28, 2020 · Control person left · inference
- Naylor Jeffrey Schnitz (Director) no longer on Schedule A of S•• A•••• M••••••••• (listed 2020-03-13, absent 2020-09-01)Sep 1, 2020 · Control person left · inference
- Michael David Sabow (Director) appeared on Schedule A of S•• A•••• M•••••••••Mar 13, 2020 · Control person joined · fact
- Lynn Lauri Moss (Director) no longer on Schedule A of S•• A•••• M••••••••• (listed 2019-11-29, absent 2020-03-13)Mar 13, 2020 · Control person left · inference
- Danh Ninh Chung (President, Ceo And Director) no longer on Schedule A of S•• A•••• M••••••••• (listed 2019-11-29, absent 2020-03-13)Mar 13, 2020 · Control person left · inference
- Fouad Kamran Husain (Director And Chief Financial Officer) no longer on Schedule A of S•• A•••• M••••••••• (listed 2019-08-28, absent 2019-11-29)Nov 29, 2019 · Control person left · inference
- Nicole Kara Hackenburg (Chief Compliance Officer) no longer on Schedule A of S•• A•••• M••••••••• (listed 2019-08-28, absent 2019-11-29)Nov 29, 2019 · Control person left · inference
- Karen Hon (Director) appeared on Schedule A of S•• A•••• M•••••••••Nov 29, 2019 · Control person joined · fact
- S•• A•••• M••••••••• reported RAUM $38.5B, up 34% from $28.8B (2018-03-31 to 2019-03-29)Mar 29, 2019 · RAUM change · derived
- W•••••• S•••••••• (Director) appeared on Schedule A of S•• A•••• M•••••••••Mar 29, 2019 · Control person joined · fact
- Michael David Sabow (Director) no longer on Schedule A of S•• A•••• M••••••••• (listed 2018-03-31, absent 2019-03-29)Mar 29, 2019 · Control person left · inference
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
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 866-719-9117reportedpublic record, Form ADV, Mar 30, 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
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $4.0Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026