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
K• F•••••••• A••••••• L••
Latest filing Feb 23, 2026
First filing on the tape Jan 9, 2026 · 2 filings
SEC status approved since Jan 22, 2026
RAUM
$115M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$115M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$38.5M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
2 filings and snapshots on the tape
RAUM$115M as of Feb 23, 2026
Jan 9, 2026$112M then
HNW client RAUM$62.2M as of Feb 23, 2026
Jan 9, 2026$24.3M then
State-registered IARs (5.B.3)3 as of Feb 23, 2026
Jan 9, 20263 then
Employees (5.A)4 as of Feb 23, 2026
Jan 9, 20263 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Feb 23, 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
- $38.5MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 45derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.9MderivedHNW RAUM over HNW clients
- Average account
- $299,176derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 1.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween 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, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 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
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$62.2M54%
- Individuals$53.3M46%
- Individual clients
- 120reported
- HNW clients
- 16reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 386reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 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 |
|---|---|---|---|---|
| J••••• L••••• L••••••Certified Financial Planner | San Francisco, Ca | Sep 29, 2017 | 16 y | 1 |
| J••••• L••• K•••••••Certified Financial Planner | San Francisco, Ca | Apr 20, 2021 | 29 y | 0 |
| K•••• M•••• B•••••••Certified Financial Planner | Denver, Co | Jan 22, 2026 | 12 y | 4 |
Advisor movement
0 left, 1 joined in 12 months
net +1 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
- K•••• M•••• B••••••• from D•••• W•••••• L••Jan 22, 2026 · RIA to RIA
- J••••• L••••• L•••••• from C••••••••• W••••• P••••••• L••Sep 29, 2017 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- K•••••••• J•••••• L••• · Membercontrolsince 02/2002 · owns 75% or more
- L••••••• J•••••• L••••• · Member And Chief Compliance Officercontrolsince 01/2015 · owns 10% to 25%
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 |
|---|---|---|---|---|---|
| San Francisco, Ca · principal | 3 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- custody status changedChange between filings · filing Feb 23, 2026custody of client assets (Item 9.A): yes on the filing of 2026-01-09, no on the filing of 2026-02-23peers: independent wealth managers, $100M to $500M (5,678)
What changed
consecutive filings, newest first
- Accounts · 367 to 386Jan 9, 2026 to Feb 23, 2026
- HNW clients · 4 to 16Jan 9, 2026 to Feb 23, 2026
- Individual clients · 113 to 120Jan 9, 2026 to Feb 23, 2026
- Assets in custody · 80824298.0 to unsetJan 9, 2026 to Feb 23, 2026
- Custody of client assets · true to falseJan 9, 2026 to Feb 23, 2026
- Employees · 3 to 4Jan 9, 2026 to Feb 23, 2026
- Discretionary RAUM · $112M to $115MJan 9, 2026 to Feb 23, 2026
- HNW RAUM · $24.3M to $62.2MJan 9, 2026 to Feb 23, 2026
- Individual RAUM · $87.4M to $53.3MJan 9, 2026 to Feb 23, 2026
- RAUM · $112M to $115MJan 9, 2026 to Feb 23, 2026
Signals
No event on the tape.
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
- KBFINANCIALADVISORS.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- (415) 295-2487reportedpublic record, Form ADV, Feb 23, 2026
- Team page
- kbfinancialadvisors.com/teamreportedpublished by the firm, firm site, Sep 16, 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
- $38.5Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026