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

B•••••••• P••• M•••••••••

Asset manager (funds and pooled vehicles)Gig Harbor, WashingtonCRD 127471SEC 801-62490websiteIAPD
Legal name B•••••••• P••• M••••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Mar 30, 2012 · 19 filings
SEC status approved since Oct 31, 2003
RAUM
$767M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
9
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$767M as of Mar 31, 2026
Mar 30, 2012$2.6B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Apr 1, 20130 then
Employees (5.A)5 as of Mar 31, 2026
Apr 1, 201320 then
Private funds9 as of Mar 31, 2026
Mar 30, 201217 then
RAUM -19% over the last fiscal year-9.1% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; 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
unknownderivedHNW RAUM over HNW clients
Average account
$85.3MderivedRAUM 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
-19%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
Custody
$775M, 9 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • 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
  • Pooled investment vehicles$767M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
9reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$775M for 9 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      22 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      B•••••••• P••• I••••••••• P•••••••• L••••• R••• A•••• S•••••Hedge Fund$542M10Mar 30, 2012
      B•••••••• P••• I••••••••• P•••••••• L••••• L•••• C•• P••• S•••••Hedge Fund$371M9Mar 30, 2012
      B•••••••• P••• L••• S•••• P•••••••• L• R••• A•••• S•••••no longer reportedHedge Fund$303M3Mar 30, 2012
      B•••••••• P••• L••• S•••• S••••• P•••••••• L• R••• A•••• S•••••no longer reportedHedge Fund$217M7Mar 30, 2012
      B•••••••• P••• R••• E••••• F•••• L•no longer reportedHedge Fund$125M4Mar 30, 2012
      B•••••••• P••• P•••••••• L••••• R••• A•••• S•••••Hedge Fund$65.5M26Mar 30, 2012
      B•••••••• P••• I••••••••• P•••••••• L••••• L••••••••• S•••••no longer reportedHedge Fund$57.9M15Mar 31, 2015
      B•••••••• P••• I••••••••• P•••••••• L••••• A•••••••• B••• P••• S•••••no longer reportedHedge Fund$37.6M2Mar 30, 2012
      B•••••••• P••• P•••••••• L••••• L•••• C•• P••• S•••••Hedge Fund$30.3M16Mar 30, 2012
      B•••••••• P••• P•••••••• L••••• G••• P••• S•••••Hedge Fund$6.8M11Mar 30, 2012
      B•••••••• P••• P•••••••• L••••• S•••• C•• P••• S•••••Hedge Fund$5.5M9Mar 30, 2012
      B•••••••• P••• P•••••••• L••••• L••• T••• G••••••••• B••• P••• S•••••Hedge Fund$2.8M8Mar 30, 2012
      B•••••••• P••• L••• S•••• P•••••••• L• E••••• H•••••••• S•••••no longer reportedHedge Fund$2.2M2Mar 30, 2012
      B•••••••• P••• S••••••• F•••• L•no longer reportedHedge Fund$1.8M10Mar 31, 2014
      B•••••••• P••• P•••••••• L••••• L•••• C•• B••• P••• S•••••Hedge Fund$1.7M4Mar 30, 2012
      B•••••••• P••• S••••••• F•••• L• • C•• S••••• B•no longer reportedHedge Fund$565,4886Mar 30, 2016
      B•••••••• P••• S••••••• F•••• L• • C••no longer reportedHedge Fund$515,9727Mar 30, 2016
      B•••••••• P••• S••••••• F•••• L• • C••no longer reportedHedge Fund$321,0164Mar 31, 2015
      B•••••••• P••• I••••••••• P•••••••• L••••• S•••• C•• P••• S•••••Hedge Fund$310,8172Mar 30, 2012
      B•••••••• P••• L••• S•••• P•••••••• L• L•••• C•• P••• S•••••no longer reportedHedge Fund$202,2383Mar 30, 2012
      B•••••••• P••• L••• S•••• S••••• P•••••••• L• L•••• C•• P••• S•••••no longer reportedHedge Fund$151,5633Mar 30, 2012
      B•••••••• P••• I••••••••• P•••••••• L••••• L•• V••••••••• S•••••no longer reportedHedge Fund$1,2681Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • C••••••• S•••••• A•••••• · Cco, Cfo, & Ownercontrol
        since 01/2015 · owns 10% to 25%
      • F•••••••• R•••••• S•••• · Cio & Ownercontrol
        since 08/2008 · owns 25% to 50%
      • F••••••••• S•••• · Ownercontrol
        since 07/2003 · owns 10% to 25%
      • W•••••••• S••••••• R••• · Ownercontrol
        since 12/2020 · owns 10% to 25%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 5 to 2
        Mar 28, 2025 to Mar 31, 2026
      • Assets in custody · $947M to $775M
        Mar 28, 2025 to Mar 31, 2026
      • Employees · 8 to 5
        Mar 28, 2025 to Mar 31, 2026
      • HQ city · TACOMA to GIG HARBOR
        Mar 28, 2025 to Mar 31, 2026
      • Discretionary RAUM · $947M to $767M
        Mar 28, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $947M to $767M
        Mar 28, 2025 to Mar 31, 2026
      • RAUM · $947M to $767M
        Mar 28, 2025 to Mar 31, 2026
      • Assets in custody · $1.0B to $947M
        Mar 28, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 28, 2025
      • Discretionary RAUM · $1.0B to $947M
        Mar 28, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $1.0B to $947M
        Mar 28, 2024 to Mar 28, 2025
      • RAUM · $1.0B to $947M
        Mar 28, 2024 to Mar 28, 2025
      • Pooled vehicle clients · 4 to 9
        Mar 30, 2023 to Mar 28, 2024
      • Assets in custody · $1.0B to $1.0B
        Mar 30, 2023 to Mar 28, 2024
      • Discretionary RAUM · $1.0B to $1.0B
        Mar 30, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $1.0B to $1.0B
        Mar 30, 2023 to Mar 28, 2024
      • RAUM · $1.0B to $1.0B
        Mar 30, 2023 to Mar 28, 2024
      • Assets in custody · $984M to $1.0B
        Mar 30, 2022 to Mar 30, 2023
      • Discretionary RAUM · $984M to $1.0B
        Mar 30, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $984M to $1.0B
        Mar 30, 2022 to Mar 30, 2023
      • RAUM · $984M to $1.0B
        Mar 30, 2022 to Mar 30, 2023
      • Advisory employees · 6 to 5
        Mar 30, 2021 to Mar 30, 2022
      • Assets in custody · $1.0B to $984M
        Mar 30, 2021 to Mar 30, 2022
      • Employees · 9 to 8
        Mar 30, 2021 to Mar 30, 2022
      • Discretionary RAUM · $1.0B to $984M
        Mar 30, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $1.0B to $984M
        Mar 30, 2021 to Mar 30, 2022
      • RAUM · $1.0B to $984M
        Mar 30, 2021 to Mar 30, 2022
      • Accounts · 10 to 9
        Apr 6, 2020 to Mar 30, 2021
      • Pooled vehicle clients · 10 to 4
        Apr 6, 2020 to Mar 30, 2021
      • Assets in custody · $942M to $1.0B
        Apr 6, 2020 to Mar 30, 2021
      • Employees · 11 to 9
        Apr 6, 2020 to Mar 30, 2021
      • Private funds · 10 to 9
        Apr 6, 2020 to Mar 30, 2021
      • Discretionary RAUM · $942M to $1.0B
        Apr 6, 2020 to Mar 30, 2021
      • Pooled vehicle RAUM · $942M to $1.0B
        Apr 6, 2020 to Mar 30, 2021
      • RAUM · $942M to $1.0B
        Apr 6, 2020 to Mar 30, 2021
      • Advisory employees · 5 to 6
        Mar 28, 2019 to Mar 27, 2020
      • Assets in custody · $680M to $942M
        Mar 28, 2019 to Mar 27, 2020
      • Employees · 9 to 11
        Mar 28, 2019 to Mar 27, 2020
      • Discretionary RAUM · $680M to $942M
        Mar 28, 2019 to Mar 27, 2020
      • Pooled vehicle RAUM · $680M to $942M
        Mar 28, 2019 to Mar 27, 2020
      Signals
      2 dated events
      • Reid Stephen Westphal (Owner) appeared on Schedule A of B•••••••• P••• M•••••••••
        Mar 30, 2021 · Control person joined · fact
      • B•••••••• P••• M••••••••• reported RAUM $941.7M, up 38% from $680.4M (2019-03-28 to 2020-03-27)
        Mar 27, 2020 · RAUM change · derived
      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
      Firm profile
      H•••S://WWW.LINKEDIN.COM/COMPANY/1209349reportedpublic record, Form ADV, Sep 18, 2026
      Website
      H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      253-573-0657reportedpublic record, Form ADV, Mar 31, 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
      Asset manager (funds and pooled vehicles)deriveda 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