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

S• C•••••• M••••••••• L••

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 134471SEC 801-64000websiteIAPD
Latest filing Mar 12, 2026
First filing on the tape Mar 13, 2012 · 21 filings
SEC status approved since Apr 13, 2005
RAUM
$1.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
10
6 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
3
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$1.4B as of Mar 12, 2026
Mar 13, 2012$167M then
HNW client RAUM$44.0M as of Feb 20, 2020
Mar 15, 2018$88.4M then
State-registered IARs (5.B.3)0 as of Mar 12, 2026
Mar 13, 20130 then
Employees (5.A)10 as of Mar 12, 2026
Mar 13, 20138 then
Private funds3 as of Mar 12, 2026
Mar 13, 20122 then
RAUM +44% over the last fiscal year+62% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 12, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM 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
$55.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
3.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
+44%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, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$506M, 3 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)
  • 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)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.3B93%
  • Corporations and businesses$49.2M3.6%
  • Sovereign wealth funds$48.0M3.5%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
25reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$506M for 3 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.93 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived
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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      4 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      C•••• S••••• T•••• F•••• L•Hedge Fund$168M88Feb 18, 2014
      C•••• S••••• O••••••• F•••• L••Hedge Fund$43.5M25Mar 13, 2012
      C•••• S••••• F••• L•Hedge Fund$34.0M1Mar 13, 2012
      T••• F•••• L•no longer reportedHedge Fund$7.9M34Feb 15, 2022
      Owners and control persons
      Schedule A and B, latest filing
      • R•••••• N•••••••• · Chief Compliance Officercontrol
        since 02/2010 · owns less than 5%
      • S••••••••• G••• · Presidentcontrol
        since 04/2002 · owns 75% or more
      • S••••••••• E••••• A•••• · Managing Directorcontrol
        since 04/2023 · owns less than 5%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      • Jackson, WY1 employees
      What changed
      consecutive filings, newest first
      • Advisory employees · 7 to 6
        May 13, 2025 to Mar 12, 2026
      • Pooled vehicle clients · 12 to 13
        May 13, 2025 to Mar 12, 2026
      • Assets in custody · $315M to $506M
        May 13, 2025 to Mar 12, 2026
      • Employees · 11 to 10
        May 13, 2025 to Mar 12, 2026
      • Discretionary RAUM · $957M to $1.4B
        May 13, 2025 to Mar 12, 2026
      • Pooled vehicle RAUM · $857M to $1.3B
        May 13, 2025 to Mar 12, 2026
      • RAUM · $957M to $1.4B
        May 13, 2025 to Mar 12, 2026
      • Financial planning clients · unset to
        Mar 25, 2025 to May 13, 2025
      • Accounts · 20 to 25
        Mar 7, 2024 to Mar 25, 2025
      • Advisory employees · 5 to 7
        Mar 7, 2024 to Mar 25, 2025
      • Pooled vehicle clients · 9 to 12
        Mar 7, 2024 to Mar 25, 2025
      • Assets in custody · $245M to $315M
        Mar 7, 2024 to Mar 25, 2025
      • Employees · 8 to 11
        Mar 7, 2024 to Mar 25, 2025
      • Discretionary RAUM · $436M to $957M
        Mar 7, 2024 to Mar 25, 2025
      • Pooled vehicle RAUM · $393M to $857M
        Mar 7, 2024 to Mar 25, 2025
      • RAUM · $436M to $957M
        Mar 7, 2024 to Mar 25, 2025
      • Accounts · 15 to 20
        Oct 18, 2023 to Mar 7, 2024
      • Advisory employees · 4 to 5
        Oct 18, 2023 to Mar 7, 2024
      • Pooled vehicle clients · 6 to 9
        Oct 18, 2023 to Mar 7, 2024
      • Assets in custody · $217M to $245M
        Oct 18, 2023 to Mar 7, 2024
      • Employees · 7 to 8
        Oct 18, 2023 to Mar 7, 2024
      • Discretionary RAUM · $323M to $436M
        Oct 18, 2023 to Mar 7, 2024
      • Pooled vehicle RAUM · $269M to $393M
        Oct 18, 2023 to Mar 7, 2024
      • RAUM · $323M to $436M
        Oct 18, 2023 to Mar 7, 2024
      • Accounts · 18 to 15
        Feb 15, 2022 to Feb 24, 2023
      • Advisory employees · 5 to 4
        Feb 15, 2022 to Feb 24, 2023
      • Assets in custody · $207M to $217M
        Feb 15, 2022 to Feb 24, 2023
      • Employees · 8 to 7
        Feb 15, 2022 to Feb 24, 2023
      • Private funds · 4 to 3
        Feb 15, 2022 to Feb 24, 2023
      • Discretionary RAUM · $357M to $323M
        Feb 15, 2022 to Feb 24, 2023
      • Pooled vehicle RAUM · $260M to $269M
        Feb 15, 2022 to Feb 24, 2023
      • RAUM · $357M to $323M
        Feb 15, 2022 to Feb 24, 2023
      • Accounts · 19 to 18
        Mar 18, 2021 to Feb 15, 2022
      • Advisory employees · 6 to 5
        Mar 18, 2021 to Feb 15, 2022
      • Assets in custody · $140M to $207M
        Mar 18, 2021 to Feb 15, 2022
      • Employees · 10 to 8
        Mar 18, 2021 to Feb 15, 2022
      • Private funds · 3 to 4
        Mar 18, 2021 to Feb 15, 2022
      • Discretionary RAUM · $353M to $357M
        Mar 18, 2021 to Feb 15, 2022
      • Pooled vehicle RAUM · $285M to $260M
        Mar 18, 2021 to Feb 15, 2022
      • RAUM · $353M to $357M
        Mar 18, 2021 to Feb 15, 2022
      Signals
      5 dated events
      • S• C•••••• M••••••••• L•• reported RAUM $1.4B, up 44% from $957.4M (2025-05-13 to 2026-03-12)
        Mar 12, 2026 · RAUM change · derived
      • S• C•••••• M••••••••• L•• reported RAUM $957.4M, up 119% from $436.3M (2024-03-07 to 2025-03-25)
        Mar 25, 2025 · RAUM change · derived
      • S• C•••••• M••••••••• L•• reported RAUM $436.3M, up 35% from $322.7M (2023-10-18 to 2024-03-07)
        Mar 7, 2024 · RAUM change · derived
      • Adger Ethan Steinberg (Managing Director) appeared on Schedule A of S• C•••••• M••••••••• L••
        Mar 7, 2024 · Control person joined · fact
      • S• C•••••• M••••••••• L•• reported RAUM $352.7M, down 39% from $574.1M (2020-02-20 to 2021-03-18)
        Mar 18, 2021 · 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
      sgcapitalmgt.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      312-923-0150reportedpublic record, Form ADV, Mar 12, 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
      Asset manager (funds and pooled vehicles)deriveda 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