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
F•••••••• I•••••••• A•••••••• L••
Latest filing Sep 17, 2026
First filing on the tape Apr 10, 2023 · 7 filings
SEC status approved since Jun 1, 2023
RAUM
$4.0B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.1%
$3.5M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$4.0B
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$4.0B as of Mar 13, 2026
Feb 22, 2024$14B then
HNW client RAUM: $1.8M
State-registered IARs (5.B.3)1 as of Mar 13, 2026
Feb 22, 20242 then
Employees (5.A)2 as of Mar 13, 2026
Feb 22, 20243 then
Private funds: no history
RAUM +12% over the last fiscal yearIARs 2 to 2
Practice profile
derived from the filing of Sep 17, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $4.0BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 5derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.8MderivedHNW RAUM over HNW clients
- Average account
- $305MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 100%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.0derivedItem 5.A over advisors
- Advisors per office
- 0.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +12%derivedbetween the last two annual amendments
- Advisor growth, one year
- -50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, educational seminarsreportedItem 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
- has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$4.0B100%
- High-net-worth individuals$1.8M0.0%
- Individuals$1.7M0.0%
- Individual clients
- 4reported
- HNW clients
- 1reported
- Pension plan clients
- 2reported
- Charitable clients
- n/areported
- Accounts
- 13reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.0 fund_share=0.0 institutional_share=1.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| P••••• M•••••• H••••• | Philadelphia, Pa | Jan 20, 2005 | 36 y | 2 |
| S•••••• K•••• | Philadelphia, Pa | Sep 17, 2026 | 10 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
- J•••••••• V•• S••••••• to I••••• P••••••••• W•••••• L••Jan 24, 2023 · Other
- R•••• N•• to M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Jan 24, 2023 · Other
- P••• J••• P••••••• to F•• S••••••••• C•••••••••Jan 22, 2014 · Other
- K•••• J•••••• to C•••••• S••••• • C••• I•••Aug 8, 2006 · Other
Joined, latest
- J•••••••• V•• S••••••• from C••••••••• L••Jan 7, 2022 · Other
- P••• J••• P••••••• from F•• S••••••••• C•••••••••Jun 9, 2008 · Other
- K•••• J•••••• from F•• S••••••••• C•••••••••Mar 28, 2006 · Other
- P••••• M•••••• H••••• from B••••••• P••• A••••••• S•••••••• L••Jan 20, 2005 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- H•••••• P•••••• M•••••• · President/Chief Compliance Officercontrolsince 05/2003 · owns 75% or more
Related persons
Schedule D 7.A
- F•••••••• I•••••••• R•••••••• M••••••••• L••• •••••real estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Philadelphia, Pa · principal | 2 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Baltimore,, MD3 employees
- New York, NY3 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- discretionary share shiftChange between filings · filing Mar 13, 2026discretionary share of RAUM moved from 0.0% to 100.0% between the annual amendments of 2025-04-22 and 2026-03-13peers: institutional managers, $1B to $5B (121)
What changed
consecutive filings, newest first
- Advisory employees · 1 to 2Mar 13, 2026 to Sep 17, 2026
- Employees · 2 to 3Mar 13, 2026 to Sep 17, 2026
- Financial planning clients · 0 to 0Mar 13, 2026 to Sep 17, 2026
- State-registered IARs · 1 to 2Mar 13, 2026 to Sep 17, 2026
- Succession · false to unsetMar 13, 2026 to Sep 17, 2026
- Accounts · 1 to 13Feb 9, 2026 to Mar 13, 2026
- BD registered reps · 1 to 0Feb 9, 2026 to Mar 13, 2026
- HNW clients · unset to 1.0Feb 9, 2026 to Mar 13, 2026
- Individual clients · unset to 4.0Feb 9, 2026 to Mar 13, 2026
- Pension plan clients · 1 to 2Feb 9, 2026 to Mar 13, 2026
- Employees · 1 to 2Feb 9, 2026 to Mar 13, 2026
- Discretionary RAUM · $0 to $4.0BFeb 9, 2026 to Mar 13, 2026
- HNW RAUM · unset to 1796123.0Feb 9, 2026 to Mar 13, 2026
- Individual RAUM · unset to 1678860.0Feb 9, 2026 to Mar 13, 2026
- Non-discretionary RAUM · $3.5B to $0Feb 9, 2026 to Mar 13, 2026
- Pension RAUM · $3.5B to $4.0BFeb 9, 2026 to Mar 13, 2026
- RAUM · $3.5B to $4.0BFeb 9, 2026 to Mar 13, 2026
- Advisory employees · 3 to 1Apr 22, 2025 to Feb 9, 2026
- BD registered reps · 2 to 1Apr 22, 2025 to Feb 9, 2026
- Employees · 3 to 1Apr 22, 2025 to Feb 9, 2026
- State-registered IARs · 2 to 1Apr 22, 2025 to Feb 9, 2026
- Accounts · 41 to 1Feb 22, 2024 to Apr 22, 2025
- Individual clients · 27.0 to unsetFeb 22, 2024 to Apr 22, 2025
- Pension plan clients · 2 to 1Feb 22, 2024 to Apr 22, 2025
- Financial planning clients · 0 to 0Feb 22, 2024 to Apr 22, 2025
- Discretionary RAUM · $3.8M to $0Feb 22, 2024 to Apr 22, 2025
- Individual RAUM · 5597825.0 to unsetFeb 22, 2024 to Apr 22, 2025
- Non-discretionary RAUM · $14B to $3.5BFeb 22, 2024 to Apr 22, 2025
- Pension RAUM · $34.5M to $3.5BFeb 22, 2024 to Apr 22, 2025
- RAUM · $14B to $3.5BFeb 22, 2024 to Apr 22, 2025
- Accounts · 47 to 41May 16, 2023 to Feb 22, 2024
- HNW clients · 2.0 to unsetMay 16, 2023 to Feb 22, 2024
- Individual clients · 28 to 27May 16, 2023 to Feb 22, 2024
- Pension plan clients · unset to 2.0May 16, 2023 to Feb 22, 2024
- Financial planning clients · 1-10 to 0May 16, 2023 to Feb 22, 2024
- Other offices · 0 to 2May 16, 2023 to Feb 22, 2024
- Discretionary RAUM · $5.4M to $3.8MMay 16, 2023 to Feb 22, 2024
- HNW RAUM · 2221648.0 to unsetMay 16, 2023 to Feb 22, 2024
- Individual RAUM · $4.9M to $5.6MMay 16, 2023 to Feb 22, 2024
- Non-discretionary RAUM · $12B to $14BMay 16, 2023 to Feb 22, 2024
Signals
5 dated events
- S•••••• K•••• registered as an investment adviser representative at F•••••••• I•••••••• A•••••••• L••Sep 17, 2026 · Advisor registered · fact
- F•••••••• I•••••••• A•••••••• L•• reported RAUM $3.5B, down 74% from $13.7B (2024-02-22 to 2025-04-22)Apr 22, 2025 · RAUM change · derived
- F•••••••• I•••••••• A•••••••• L•• filed its initial SEC registration (Form ADV)Apr 10, 2023 · First SEC registration · fact
- J•••••••• V•• S••••••• left F•••••••• I•••••••• A•••••••• L•• for I••••• P••••••••• W•••••• L•• (registered 2023-08-14)Jan 24, 2023 · advisor f••• change · fact
- R•••• N•• left F•••••••• I•••••••• A•••••••• L•• for M•••••• L••••• P•••••• F••••• • S•••• I••••••••• (registered 2023-06-12)Jan 24, 2023 · advisor f••• change · 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
- f••• website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 215-557-7622reportedpublic record, Form ADV, Sep 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
- Institutional managerderiveda 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