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
C••••••• P••••••••• L••
Latest filing Mar 13, 2026
First filing on the tape Feb 1, 2012 · 33 filings
SEC status approved since Sep 10, 2004
RAUM
$105M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
94%
$98.7M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$52.7M
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$105M as of Mar 13, 2026
Feb 1, 2012$124M then
HNW client RAUM$81.0M as of Mar 13, 2026
Jan 31, 2018$59.6M then
State-registered IARs (5.B.3)2 as of Mar 13, 2026
Feb 1, 20120 then
Employees (5.A)4 as of Mar 13, 2026
Jan 29, 20133 then
Private funds: no history
RAUM +3.0% over the last fiscal year+4.6% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 13, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $52.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 55derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.9MderivedHNW RAUM over HNW clients
- Average account
- $423,232derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 3.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +3.0%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -3.5%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for investment companies, selection of other advisers, otherreportedItem 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$81.0M77%
- Individuals$17.7M17%
- Pension and profit-sharing plans$3.9M3.7%
- Corporations and businesses$2.0M2.0%
- Individual clients
- 67reported
- HNW clients
- 42reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 249reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.94 fund_share=0.0 institutional_share=0.04 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 |
|---|---|---|---|---|
| H••••• P••• S•••• | Los Altos, Ca | Dec 13, 2004 | 34 y | 1 |
| N••••••• W••••••• | Los Altos, Ca | Sep 23, 2022 | 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
- D•••• H•••••• L••••••• to V•••• M••••••••• I••May 18, 2016 · Other
- M••• A•••••••• L••••••• to V•••• M••••••••• I••May 18, 2016 · Other
- M••• G••••• T••••••• to T•••••• W••••• A•••••••• L••Jan 3, 2007 · Other
Joined, latest
- M••• G••••• T••••••• from U•• F•••••••• S••••••• I•••Dec 14, 2004 · Other
- H••••• P••• S•••• from V•••• M••••••••• I••Dec 13, 2004 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for V•••• M••••••••• I••May 18, 2016 · Los Altos, Ca
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- S••••• H•••••• P••• · Managing Member, President, Chief Compliance Officercontrolsince 07/2004 · 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 |
|---|---|---|---|---|---|
| Los Altos, Ca · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
What changed
consecutive filings, newest first
- Accounts · 255 to 249Jan 21, 2025 to Jan 26, 2026
- HNW clients · 43 to 42Jan 21, 2025 to Jan 26, 2026
- Individual clients · 70 to 67Jan 21, 2025 to Jan 26, 2026
- Employees · 3 to 4Jan 21, 2025 to Jan 26, 2026
- Discretionary RAUM · $102M to $105MJan 21, 2025 to Jan 26, 2026
- HNW RAUM · $77.5M to $81.0MJan 21, 2025 to Jan 26, 2026
- Individual RAUM · $18.2M to $17.7MJan 21, 2025 to Jan 26, 2026
- Pension RAUM · $4.0M to $3.9MJan 21, 2025 to Jan 26, 2026
- RAUM · $102M to $105MJan 21, 2025 to Jan 26, 2026
- Accounts · 256 to 255Jan 24, 2024 to Jan 21, 2025
- HNW clients · 42 to 43Jan 24, 2024 to Jan 21, 2025
- Individual clients · 71 to 70Jan 24, 2024 to Jan 21, 2025
- Financial planning clients · 101-250 to 101-250Jan 24, 2024 to Jan 21, 2025
- Discretionary RAUM · $93.0M to $102MJan 24, 2024 to Jan 21, 2025
- HNW RAUM · $71.2M to $77.5MJan 24, 2024 to Jan 21, 2025
- Individual RAUM · $15.6M to $18.2MJan 24, 2024 to Jan 21, 2025
- Pension RAUM · $3.4M to $4.0MJan 24, 2024 to Jan 21, 2025
- RAUM · $93.0M to $102MJan 24, 2024 to Jan 21, 2025
- Accounts · 257 to 256Oct 21, 2023 to Jan 24, 2024
- Advisory activities · 6 to 5Oct 21, 2023 to Jan 24, 2024
- Individual clients · 72 to 71Oct 21, 2023 to Jan 24, 2024
- Discretionary RAUM · $92.2M to $93.0MOct 21, 2023 to Jan 24, 2024
- HNW RAUM · $70.1M to $71.2MOct 21, 2023 to Jan 24, 2024
- Individual RAUM · $15.7M to $15.6MOct 21, 2023 to Jan 24, 2024
- Pension RAUM · $2.9M to $3.4MOct 21, 2023 to Jan 24, 2024
- RAUM · $92.2M to $93.0MOct 21, 2023 to Jan 24, 2024
- Accounts · 260 to 257Nov 1, 2022 to Jan 27, 2023
- Advisory employees · 1 to 2Nov 1, 2022 to Jan 27, 2023
- BD registered reps · 1 to 0Nov 1, 2022 to Jan 27, 2023
- HNW clients · 48 to 42Nov 1, 2022 to Jan 27, 2023
- Individual clients · 68 to 72Nov 1, 2022 to Jan 27, 2023
- Employees · 4 to 3Nov 1, 2022 to Jan 27, 2023
- State-registered IARs · 1 to 2Nov 1, 2022 to Jan 27, 2023
- Other offices · 0 to 1Nov 1, 2022 to Jan 27, 2023
- Discretionary RAUM · $97.0M to $92.2MNov 1, 2022 to Jan 27, 2023
- HNW RAUM · $78.2M to $70.1MNov 1, 2022 to Jan 27, 2023
- Individual RAUM · $12.1M to $15.7MNov 1, 2022 to Jan 27, 2023
- Pension RAUM · $2.6M to $2.9MNov 1, 2022 to Jan 27, 2023
- RAUM · $97.0M to $92.2MNov 1, 2022 to Jan 27, 2023
- Commission compensation · true to falseJul 6, 2022 to Jul 7, 2022
Signals
1 dated events
- L••••• M••••••• N••• (Chief Financial Officer) no longer on Schedule A of C••••••• P••••••••• L•• (listed 2021-01-29, absent 2022-01-28)Jan 28, 2022 · Control person left · inference
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
- 650-327-7705reportedpublic record, Form ADV, Mar 13, 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
- $52.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026