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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Former SEC-registered adviser

A•••• A•••••••• L••

Former SEC-registered adviserSan Diego, CaliforniaCRD 131540SEC 801-118127websiteIAPD
Latest filing Feb 27, 2024
First filing on the tape Jan 27, 2020 · 11 filings
SEC status approved since Feb 24, 2020
RAUM
$224M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$224M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
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
11 filings and snapshots on the tape
RAUM$224M as of Feb 27, 2024
Jan 28, 2021$150M then
HNW client RAUM$198M as of Feb 27, 2024
Jan 28, 2021$132M then
State-registered IARs (5.B.3)2 as of Feb 27, 2024
Jan 28, 20212 then
Employees (5.A)3 as of Feb 27, 2024
Jan 28, 20213 then
Private funds: no history
RAUM +25% over the last fiscal year+14% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Feb 27, 2024; every figure names its basis
RAUM per advisor
$112MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
131derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.4MderivedHNW RAUM over HNW clients
Average account
$290,606derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
0.7derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+25%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+4.0%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 5.G
Custody
$36.0M, 58 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
  • 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$198M88%
  • Individuals$26.0M12%
Individual clients
125reported
HNW clients
137reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
771reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$36.0M for 58 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • S•••••••• M••••••• P••• · Chief Compliance Officer, President, And Managing Membercontrol
    since 08/2014 · owns less than 5%
  • S•••••••• M••••••• P••• · Ownercontrol
    since 01/2010 · owns 50% to 75% of M•••••• A•• V••• S••••••• F••••• T••••
  • S•••••••• V••• · Ownercontrol
    since 01/2010 · owns 50% to 75% of M•••••• A•• V••• S••••••• F••••• T••••
Entity owners
  • M•••••• A•• V••• S••••••• F••••• T•••• · Owner
    direct · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
San Diego, Ca · principal000
Offices
Schedule D 1.F, the 25 largest
  • Redwood City, CA
  • San Francisco, CA
What changed
consecutive filings, newest first
  • Accounts · 681 to 771
    Sep 7, 2023 to Feb 27, 2024
  • HNW clients · 130 to 137
    Sep 7, 2023 to Feb 27, 2024
  • Individual clients · 122 to 125
    Sep 7, 2023 to Feb 27, 2024
  • Assets in custody · $45.1M to $36.0M
    Sep 7, 2023 to Feb 27, 2024
  • Employees · 2 to 3
    Sep 7, 2023 to Feb 27, 2024
  • Discretionary RAUM · $179M to $224M
    Sep 7, 2023 to Feb 27, 2024
  • HNW RAUM · $157M to $198M
    Sep 7, 2023 to Feb 27, 2024
  • Individual RAUM · $21.9M to $26.0M
    Sep 7, 2023 to Feb 27, 2024
  • Non-discretionary RAUM · $155,680 to $137,745
    Sep 7, 2023 to Feb 27, 2024
  • RAUM · $179M to $224M
    Sep 7, 2023 to Feb 27, 2024
  • Related insurance company · false to true
    Sep 7, 2023 to Feb 27, 2024
  • Accounts · 641 to 681
    Nov 3, 2022 to Feb 6, 2023
  • HNW clients · 129 to 130
    Nov 3, 2022 to Feb 6, 2023
  • Individual clients · 126 to 122
    Nov 3, 2022 to Feb 6, 2023
  • Assets in custody · $27.5M to $45.1M
    Nov 3, 2022 to Feb 6, 2023
  • Employees · 3 to 2
    Nov 3, 2022 to Feb 6, 2023
  • Financial planning clients · 11-25 to 1-10
    Nov 3, 2022 to Feb 6, 2023
  • Discretionary RAUM · $205M to $179M
    Nov 3, 2022 to Feb 6, 2023
  • HNW RAUM · $16.2M to $157M
    Nov 3, 2022 to Feb 6, 2023
  • Individual RAUM · $188M to $21.9M
    Nov 3, 2022 to Feb 6, 2023
  • Non-discretionary RAUM · $152,023 to $155,680
    Nov 3, 2022 to Feb 6, 2023
  • RAUM · $205M to $179M
    Nov 3, 2022 to Feb 6, 2023
  • Accounts · 559 to 641
    Oct 7, 2021 to Feb 2, 2022
  • BD registered reps · 0 to 1
    Oct 7, 2021 to Feb 2, 2022
  • HNW clients · 97 to 129
    Oct 7, 2021 to Feb 2, 2022
  • Individual clients · 122 to 126
    Oct 7, 2021 to Feb 2, 2022
  • Assets in custody · $15.0M to $27.5M
    Oct 7, 2021 to Feb 2, 2022
  • Financial planning clients · 1-10 to 11-25
    Oct 7, 2021 to Feb 2, 2022
  • Other offices · 1 to 2
    Oct 7, 2021 to Feb 2, 2022
  • Discretionary RAUM · $150M to $205M
    Oct 7, 2021 to Feb 2, 2022
  • HNW RAUM · $132M to $16.2M
    Oct 7, 2021 to Feb 2, 2022
  • Individual RAUM · $18.7M to $188M
    Oct 7, 2021 to Feb 2, 2022
  • Non-discretionary RAUM · $124,155 to $152,023
    Oct 7, 2021 to Feb 2, 2022
  • RAUM · $150M to $205M
    Oct 7, 2021 to Feb 2, 2022
  • Accounts · 461 to 559
    Jul 17, 2020 to Jan 28, 2021
  • Advisory employees · 1 to 2
    Jul 17, 2020 to Jan 28, 2021
  • HNW clients · 41 to 97
    Jul 17, 2020 to Jan 28, 2021
  • Individual clients · 76 to 122
    Jul 17, 2020 to Jan 28, 2021
  • Assets in custody · unset to 14969068.0
    Jul 17, 2020 to Jan 28, 2021
  • Custody of client assets · false to true
    Jul 17, 2020 to Jan 28, 2021
Signals
5 dated events
  • A•••• A•••••••• L•• no longer on the SEC adviser roster (last listed 2025-02-03, RAUM $224.1M)
    Mar 6, 2025 · Left the SEC roster · derived
  • S••• S•••••• left A•••• A•••••••• L•• for A•••• W••••• M••••••••• L•• (registered 2024-10-23)
    Dec 31, 2024 · Advisor changed firm · fact
  • M•••••• P••• S••••••• left A•••• A•••••••• L•• for A•••• W••••• M••••••••• L•• (registered 2025-10-17)
    Dec 31, 2024 · Advisor changed firm · fact
  • 2 advisors left A•••• A•••••••• L•• (San Diego, CA) for A•••• W••••• M••••••••• L•• on the same day
    Dec 31, 2024 · Team lift-out · derived
  • A•••• A•••••••• L•• filed its initial SEC registration (Form ADV)
    Jan 27, 2020 · 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.
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
Former SEC-registered adviserderiveda 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