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
P••••••••• L••
Latest filing Jun 10, 2026
First filing on the tape Mar 29, 2012 · 40 filings
SEC status approved since Dec 13, 2004
RAUM
$4.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$1.4B
derived; firm RAUM over IAPD count
Employees
9
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
40 filings and snapshots on the tape
RAUM$4.1B as of Jun 10, 2026
Mar 29, 2012$1.3B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jun 10, 2026
Mar 29, 20120 then
Employees (5.A)9 as of Jun 10, 2026
Apr 1, 20139 then
Private funds: no history
RAUM -33% over the last fiscal year-3.5% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 10, 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
- OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 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
- RAUM per advisor
- $1.4BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $1.4BderivedRAUM 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
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -33%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 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 businesses and institutions, pension consulting, 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$4.1B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- 3reported
- Charitable clients
- n/areported
- Accounts
- 3reported
- Financial planning clients
- 1-10reported
- 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
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| A•••••• S•••• | Chicago, Il | Mar 30, 2006 | 28 y | 0 |
| R••••• L•••• C••••Chartered Financial Analyst | Chicago, Il | May 15, 2017 | 10 y | 0 |
| A•••••• J••• H••••• | Chicago, Il | Oct 1, 2018 | 25 y | 1 |
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
- A•••••• J••• H••••• from P••••••••• R••••••••• B•••••••• S•••••••• I•••Oct 1, 2018 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- A•••••••• B••••••• J••• · Chief Compliance Officercontrolsince 10/2020 · owns less than 5%
- B••••• D••••• L•• · Member - Board Of Managerscontrolsince 05/2023 · owns less than 5%
- C••••• M••••••• M••••••••• · President & Managercontrolsince 07/2018 · owns less than 5%
- H•••••• A••••••• J••• · Executive Vice Presidentcontrolsince 07/2018 · owns less than 5%
- M••••• W••••••• W•••• · Executive Vpcontrolsince 10/2010 · owns less than 5%
- S••••• A•••••• · Ceo & Managercontrolsince 07/2018 · owns less than 5%
- C••••• R•••••• L•••• · Ciosince 05/2017 · owns less than 5%
Entity owners
- S•••• M•••••• S••••••••• I••• · Parent Companydirect · owns 75% or more
- S•••• P•••••• L•••••• · Parent Companyindirect · owns 75% or more of S•••• U•• C••
- S•••• U•• C•• · Parent Companyindirect · owns 75% or more of S•••• M•••••• S••••••••• I•••
Related persons
Schedule D 7.A
- S•••••• M•••• M••••••••• L••investment advisernRAUM $2.7B
Advisers that list P••••••••• L•• as a related person
- 112608 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Chicago, Il · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM down 25 %Change between filings · filing Mar 25, 2026RAUM (Item 5.F) moved from $6,071,295,979 to $4,058,757,523 (-33.0%) between the annual amendments of 2025-03-18 and 2026-03-25; the peer median change was +15.0% (105 comparable advisers, 7.0th percentile of changes)peers: institutional managers, $1B to $5B (105) · 6.7% percentile
What changed
consecutive filings, newest first
- Accounts · 6 to 3Jun 18, 2025 to Mar 25, 2026
- Pension plan clients · 6 to 3Jun 18, 2025 to Mar 25, 2026
- Employees · 10 to 9Jun 18, 2025 to Mar 25, 2026
- Discretionary RAUM · $6.1B to $4.1BJun 18, 2025 to Mar 25, 2026
- Pension RAUM · $6.1B to $4.1BJun 18, 2025 to Mar 25, 2026
- RAUM · $6.1B to $4.1BJun 18, 2025 to Mar 25, 2026
- Financial planning clients · 1-10 to 1-10Mar 18, 2025 to Jun 18, 2025
- Advisory employees · 5 to 4Mar 6, 2024 to Mar 18, 2025
- Employees · 12 to 10Mar 6, 2024 to Mar 18, 2025
- Discretionary RAUM · $5.4B to $6.1BMar 6, 2024 to Mar 18, 2025
- Pension RAUM · $5.4B to $6.1BMar 6, 2024 to Mar 18, 2025
- RAUM · $5.4B to $6.1BMar 6, 2024 to Mar 18, 2025
- Discretionary RAUM · $4.5B to $5.4BJun 20, 2023 to Mar 6, 2024
- Pension RAUM · $4.5B to $5.4BJun 20, 2023 to Mar 6, 2024
- RAUM · $4.5B to $5.4BJun 20, 2023 to Mar 6, 2024
- Related adviser · false to trueMar 23, 2023 to Jun 20, 2023
- Advisory employees · 6 to 5Nov 4, 2022 to Mar 23, 2023
- Employees · 13 to 12Nov 4, 2022 to Mar 23, 2023
- Discretionary RAUM · $5.1B to $4.5BNov 4, 2022 to Mar 23, 2023
- Pension RAUM · $5.1B to $4.5BNov 4, 2022 to Mar 23, 2023
- RAUM · $5.1B to $4.5BNov 4, 2022 to Mar 23, 2023
- Accounts · 5 to 6Sep 30, 2021 to Mar 24, 2022
- Pension plan clients · 5 to 6Sep 30, 2021 to Mar 24, 2022
- Employees · 14 to 13Sep 30, 2021 to Mar 24, 2022
- Discretionary RAUM · $4.5B to $5.1BSep 30, 2021 to Mar 24, 2022
- Pension RAUM · $4.5B to $5.1BSep 30, 2021 to Mar 24, 2022
- RAUM · $4.5B to $5.1BSep 30, 2021 to Mar 24, 2022
- Other offices · 1 to 0May 24, 2021 to Sep 30, 2021
- Advisory employees · 7 to 6Nov 6, 2020 to Mar 29, 2021
- Employees · 16 to 14Nov 6, 2020 to Mar 29, 2021
- Discretionary RAUM · $3.9B to $4.5BNov 6, 2020 to Mar 29, 2021
- Pension RAUM · $3.9B to $4.5BNov 6, 2020 to Mar 29, 2021
- RAUM · $3.9B to $4.5BNov 6, 2020 to Mar 29, 2021
- Accounts · 6 to 5Dec 11, 2019 to Mar 19, 2020
- Pension plan clients · 6 to 5Dec 11, 2019 to Mar 19, 2020
- Employees · 14 to 16Dec 11, 2019 to Mar 19, 2020
- Discretionary RAUM · $3.1B to $3.9BDec 11, 2019 to Mar 19, 2020
- Pension RAUM · $3.1B to $3.9BDec 11, 2019 to Mar 19, 2020
- RAUM · $3.1B to $3.9BDec 11, 2019 to Mar 19, 2020
- Advisory employees · 4 to 7Dec 10, 2018 to Mar 28, 2019
Signals
14 dated events
- P••••••••• L•• reported RAUM $4.1B, down 33% from $6.1B (2025-06-18 to 2026-03-25)Mar 25, 2026 · RAUM change · derived
- Matthew Grant Chamberlain (Member - Board Of Managers) no longer on Schedule A of P••••••••• L•• (listed 2023-06-20, absent 2024-03-06)Mar 6, 2024 · Control person left · inference
- Harwood Jodan Ledford (Member - Board Of Managers) no longer on Schedule A of P••••••••• L•• (listed 2023-06-20, absent 2024-03-06)Mar 6, 2024 · Control person left · inference
- Matthew Grant Chamberlain (Member - Board Of Managers) appeared on Schedule A of P••••••••• L••Jun 20, 2023 · Control person joined · fact
- Harwood Jodan Ledford (Member - Board Of Managers) appeared on Schedule A of P••••••••• L••Jun 20, 2023 · Control person joined · fact
- Leo Duane Bernt (Member - Board Of Managers) appeared on Schedule A of P••••••••• L••Jun 20, 2023 · Control person joined · fact
- Lynn Bambi Ellis (Shareholder) no longer on Schedule A of P••••••••• L•• (listed 2023-03-23, absent 2023-06-20)Jun 20, 2023 · Control person left · inference
- Philip Daniel Cassidy (Senior Vice President & Senior Consultant) no longer on Schedule A of P••••••••• L•• (listed 2022-03-25, absent 2022-10-03)Oct 3, 2022 · Control person left · inference
- Lynn Bambi Ellis (Shareholder) appeared on Schedule A of P••••••••• L••Mar 29, 2021 · Control person joined · fact
- Jean Barbara Auerbach (Chief Compliance Officer) appeared on Schedule A of P••••••••• L••Nov 6, 2020 · Control person joined · fact
- Philip Daniel Cassidy (Senior Vice President & Senior Consultant) appeared on Schedule A of P••••••••• L••Nov 6, 2020 · Control person joined · fact
- Lee Carl Londe (Managing Member, Chief Compliance Officer & Senior Consultant) no longer on Schedule A of P••••••••• L•• (listed 2020-03-24, absent 2020-11-06)Nov 6, 2020 · Control person left · inference
- P••••••••• L•• reported RAUM $3.9B, up 28% from $3.1B (2019-12-11 to 2020-03-19)Mar 19, 2020 · RAUM change · derived
- P••••••••• L•• reported RAUM $3.1B, up 42% from $2.2B (2017-05-31 to 2018-03-28)Mar 28, 2018 · RAUM change · derived
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
- Website
- befineapp.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 312-456-0665reportedpublic record, Form ADV, Jun 10, 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
- $1.4Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026