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•••••••• C•••••• M••••••••• L••
Latest filing Jul 17, 2026
First filing on the tape Mar 30, 2021 · 8 filings
SEC status approved since May 4, 2021
RAUM
$324M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$320M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$324M
derived; firm RAUM over IAPD count
Employees
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$324M as of Jul 17, 2026
Mar 31, 2022$329M then
HNW client RAUM$315M as of Jul 17, 2026
Mar 31, 2022$323M then
State-registered IARs (5.B.3)1 as of Jul 17, 2026
Mar 31, 20221 then
Employees (5.A)2 as of Jul 17, 2026
Mar 31, 20222 then
Private funds: no history
RAUM +0.1% over the last fiscal year+0.9% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Jul 17, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $324MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 54derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $7.3MderivedHNW RAUM over HNW clients
- Average account
- $1.6MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +0.1%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +1.9%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individualsreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$315M97%
- Individuals$5.3M1.6%
- Charitable organizations$3.5M1.1%
- Individual clients
- 11reported
- HNW clients
- 43reported
- Pension plan clients
- n/areported
- Charitable clients
- 1reported
- Accounts
- 197reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| L••••••• M•••••• D•• | Larkspur, Ca | Jan 2, 2004 | 39 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
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- D••• L•••••••• M•••••• · Managing Member And Chief Compliance Officercontrolsince 10/2003 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- unusually large average HNW clientStatic outlier · filing Jul 17, 2026HNW RAUM per HNW client of $7,328,458 against a peer median of $2,404,040 (4940 comparable advisers, 98.0th percentile, 3.3 robust deviations)peers: independent wealth managers, $100M to $500M (4,940) · 98% percentile
What changed
consecutive filings, newest first
- Accounts · 212 to 197Apr 24, 2025 to Mar 27, 2026
- Charity clients · unset to 1.0Apr 24, 2025 to Mar 27, 2026
- Corporate clients · 1.0 to unsetApr 24, 2025 to Mar 27, 2026
- HNW clients · 44 to 43Apr 24, 2025 to Mar 27, 2026
- Individual clients · 9 to 11Apr 24, 2025 to Mar 27, 2026
- Discretionary RAUM · $324M to $324MApr 24, 2025 to Mar 27, 2026
- HNW RAUM · $315M to $315MApr 24, 2025 to Mar 27, 2026
- Individual RAUM · $4.8M to $5.3MApr 24, 2025 to Mar 27, 2026
- RAUM · $324M to $324MApr 24, 2025 to Mar 27, 2026
- Accounts · 456 to 212Mar 14, 2024 to Apr 24, 2025
- Advisory employees · 2 to 1Mar 14, 2024 to Apr 24, 2025
- HNW clients · 40 to 44Mar 14, 2024 to Apr 24, 2025
- Individual clients · 12 to 9Mar 14, 2024 to Apr 24, 2025
- Financial planning clients · unset to Mar 14, 2024 to Apr 24, 2025
- HQ city · CORTE MADERA to Mar 14, 2024 to Apr 24, 2025
- HQ state · CA to Mar 14, 2024 to Apr 24, 2025
- Discretionary RAUM · $379M to $324MMar 14, 2024 to Apr 24, 2025
- HNW RAUM · $355M to $315MMar 14, 2024 to Apr 24, 2025
- Individual RAUM · $7.3M to $4.8MMar 14, 2024 to Apr 24, 2025
- RAUM · $379M to $324MMar 14, 2024 to Apr 24, 2025
- Accounts · 224 to 456Mar 24, 2023 to Mar 13, 2024
- HNW clients · 37 to 40Mar 24, 2023 to Mar 13, 2024
- Individual clients · 15 to 12Mar 24, 2023 to Mar 13, 2024
- Discretionary RAUM · $315M to $379MMar 24, 2023 to Mar 13, 2024
- HNW RAUM · $295M to $355MMar 24, 2023 to Mar 13, 2024
- Individual RAUM · $10.4M to $7.3MMar 24, 2023 to Mar 13, 2024
- RAUM · $315M to $379MMar 24, 2023 to Mar 13, 2024
- Accounts · 47 to 224Mar 31, 2022 to Mar 24, 2023
- Corporate clients · unset to 1.0Mar 31, 2022 to Mar 24, 2023
- HNW clients · 36 to 37Mar 31, 2022 to Mar 24, 2023
- Individual clients · 11 to 15Mar 31, 2022 to Mar 24, 2023
- Financial planning clients · 0 to unsetMar 31, 2022 to Mar 24, 2023
- Discretionary RAUM · $329M to $315MMar 31, 2022 to Mar 24, 2023
- HNW RAUM · $323M to $295MMar 31, 2022 to Mar 24, 2023
- Individual RAUM · $5.4M to $10.4MMar 31, 2022 to Mar 24, 2023
- RAUM · $329M to $315MMar 31, 2022 to Mar 24, 2023
- Accounts · 184 to 47Mar 30, 2021 to Mar 31, 2022
- Advisory employees · 1 to 2Mar 30, 2021 to Mar 31, 2022
- HNW clients · 34 to 36Mar 30, 2021 to Mar 31, 2022
- Individual clients · 7 to 11Mar 30, 2021 to Mar 31, 2022
Signals
2 dated events
- K•••••••• C•••••• M••••••••• L•• reported RAUM $328.5M, up 124% from $146.9M (2021-03-30 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- K•••••••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Mar 30, 2021 · 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.
How to reach
public business contact points only, each with its source
- Principal office phone
- (888) 882-2721reportedpublic record, Form ADV, Jul 17, 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
- $324Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026