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
S••••••••• I••••••••• M••••••••• L••
Latest filing Mar 6, 2023
First filing on the tape Nov 9, 2011 · 20 filings
RAUM
$535M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
93%
$499M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$535M as of Mar 6, 2023
Mar 6, 2012$137M then
HNW client RAUM$449M as of Mar 6, 2023
Feb 22, 2018$296M then
State-registered IARs (5.B.3)2 as of Mar 6, 2023
Mar 7, 20130 then
Employees (5.A)4 as of Mar 6, 2023
Mar 7, 20134 then
Private funds: no history
RAUM -13% over the last fiscal year+6.0% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 6, 2023; every figure names its basis
- RAUM per advisor
- $268MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 159derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.6MderivedHNW RAUM over HNW clients
- Average account
- $601,355derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 5.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -13%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +3.3%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Custody
- $73.6M, 77 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- 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$449M84%
- Individuals$49.9M9.3%
- Charitable organizations$31.5M5.9%
- Corporations and businesses$5.0M0.9%
- Individual clients
- 147reported
- HNW clients
- 170reported
- Pension plan clients
- 0reported
- Charitable clients
- 7reported
- Accounts
- 890reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $73.6M for 77 clientsreported
- Compensation
- % of AUM, fixedreported
- 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
Left, latest
- J•••• K•••• T••••• to D••••• W•••••• L••Oct 9, 2023 · RIA to RIA
- E••• A••••• B••••••• to D••••• W•••••• L••Oct 9, 2023 · RIA to RIA
- M•••••• S•••••• to C••••••• M••••••••• I••••••••• A•••••••• L••Nov 15, 2017 · Other
Joined, latest
none on the tape
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for D••••• W•••••• L••Oct 9, 2023 · S•••••••••, Mn
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B•••••••• E•••• A••••• · Managing Member & Chief Marketing Officercontrolsince 01/2017 · owns 5% to 10%
- E••••••••• A••• L•• · Managing Member & Chief Operations Officercontrolsince 06/2004 · owns 10% to 25%
- T•••••• D•••• J•••••• · Chief Compliance Officercontrolsince 03/2005 · owns less than 5%
- T•••••• J••••• K•••• · Managing Member & Chief Investment Officercontrolsince 06/2004 · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| S•••••••••, Mn · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 845 to 890Mar 9, 2022 to Mar 6, 2023
- Charity clients · 6 to 7Mar 9, 2022 to Mar 6, 2023
- Corporate clients · 2 to 5Mar 9, 2022 to Mar 6, 2023
- HNW clients · 162 to 170Mar 9, 2022 to Mar 6, 2023
- Individual clients · 145 to 147Mar 9, 2022 to Mar 6, 2023
- Assets in custody · $80.8M to $73.6MMar 9, 2022 to Mar 6, 2023
- Employees · 5 to 4Mar 9, 2022 to Mar 6, 2023
- Discretionary RAUM · $614M to $535MMar 9, 2022 to Mar 6, 2023
- HNW RAUM · $512M to $449MMar 9, 2022 to Mar 6, 2023
- Individual RAUM · $59.4M to $49.9MMar 9, 2022 to Mar 6, 2023
- RAUM · $614M to $535MMar 9, 2022 to Mar 6, 2023
- Accounts · 813 to 845Mar 2, 2021 to Mar 9, 2022
- Charity clients · 7 to 6Mar 2, 2021 to Mar 9, 2022
- Corporate clients · unset to 2.0Mar 2, 2021 to Mar 9, 2022
- HNW clients · 132 to 162Mar 2, 2021 to Mar 9, 2022
- Individual clients · 166 to 145Mar 2, 2021 to Mar 9, 2022
- Assets in custody · $92.8M to $80.8MMar 2, 2021 to Mar 9, 2022
- Discretionary RAUM · $517M to $614MMar 2, 2021 to Mar 9, 2022
- HNW RAUM · $399M to $512MMar 2, 2021 to Mar 9, 2022
- Individual RAUM · $79.3M to $59.4MMar 2, 2021 to Mar 9, 2022
- RAUM · $517M to $614MMar 2, 2021 to Mar 9, 2022
- Accounts · 798 to 813Jun 4, 2020 to Feb 19, 2021
- HNW clients · 130 to 132Jun 4, 2020 to Feb 19, 2021
- Assets in custody · $69.9M to $92.8MJun 4, 2020 to Feb 19, 2021
- Discretionary RAUM · $450M to $517MJun 4, 2020 to Feb 19, 2021
- HNW RAUM · $333M to $399MJun 4, 2020 to Feb 19, 2021
- Individual RAUM · $72.6M to $79.3MJun 4, 2020 to Feb 19, 2021
- RAUM · $450M to $517MJun 4, 2020 to Feb 19, 2021
- Accounts · 807 to 798Mar 27, 2019 to Feb 24, 2020
- Advisory employees · 1 to 2Mar 27, 2019 to Feb 24, 2020
- HNW clients · 134 to 130Mar 27, 2019 to Feb 24, 2020
- Individual clients · 160 to 166Mar 27, 2019 to Feb 24, 2020
- Assets in custody · $58.4M to $69.9MMar 27, 2019 to Feb 24, 2020
- State-registered IARs · 1 to 2Mar 27, 2019 to Feb 24, 2020
- Discretionary RAUM · $385M to $450MMar 27, 2019 to Feb 24, 2020
- HNW RAUM · $287M to $333MMar 27, 2019 to Feb 24, 2020
- Individual RAUM · $58.0M to $72.6MMar 27, 2019 to Feb 24, 2020
- RAUM · $385M to $450MMar 27, 2019 to Feb 24, 2020
- Accounts · 781 to 807Feb 22, 2018 to Mar 27, 2019
- Charity clients · 6 to 7Feb 22, 2018 to Mar 27, 2019
Signals
3 dated events
- E••• A••••• B••••••• left S••••••••• I••••••••• M••••••••• L•• for D••••• W•••••• L•• (registered 2023-06-01)Oct 9, 2023 · Advisor changed firm · fact
- J•••• K•••• T••••• left S••••••••• I••••••••• M••••••••• L•• for D••••• W•••••• L•• (registered 2023-06-01)Oct 9, 2023 · Advisor changed firm · fact
- 2 advisors left S••••••••• I••••••••• M••••••••• L•• (S•••••••••, MN) for D••••• W•••••• L•• on the same dayOct 9, 2023 · Team lift-out · derived
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