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.
SEC-registered adviser
Royal Palms Capital, LLC
Latest filing Jun 29, 2026
First filing on the tape Jan 31, 2012 · 12 filings
SEC status approved since Mar 7, 2025
RAUM
$124M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$124M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$124M
derived; firm RAUM over IAPD count
Employees
1
1 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$124M as of Jun 29, 2026
Mar 28, 2012$58.2M then
HNW client RAUM$108M as of Jun 29, 2026
Mar 20, 2025$70.8M then
State-registered IARs (5.B.3)1 as of Jun 29, 2026
Mar 28, 20120 then
Employees (5.A)1 as of Jun 29, 2026
Mar 20, 20251 then
Private funds: no history
RAUM +23% over the last fiscal yearIARs 1 to 1offices 0 to 1
Practice profile
derived from the filing of Jun 29, 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $124MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 87derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.3MderivedHNW RAUM over HNW clients
- Average account
- $498,772derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 0.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +23%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +26%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, 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
- 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$108M87%
- Individuals$16.3M13%
- Individual clients
- 54reported
- HNW clients
- 33reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 249reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- 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
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Kristin HetzerCertified Financial Planner | Whitefish, Mt | Apr 14, 2025 | 43 y | 2 |
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
- Kristin Hetzer from UBS Financial Services Inc.May 17, 2005 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Kristin Hetzer · Chief Executive Officercontrolsince 01/2004 · owns 75% or more
- Nuzum Charles Penny · Ownersince 04/2005 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- HNW share shiftChange between filings · filing Mar 27, 2026HNW share of RAUM moved from 70.0% to 87.0% between the annual amendments of 2025-03-20 and 2026-03-27peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 254 to 249Jan 28, 2026 to Mar 27, 2026
- HNW clients · 54 to 33Jan 28, 2026 to Mar 27, 2026
- Individual clients · 15 to 54Jan 28, 2026 to Mar 27, 2026
- Discretionary RAUM · $101M to $124MJan 28, 2026 to Mar 27, 2026
- HNW RAUM · $70.8M to $108MJan 28, 2026 to Mar 27, 2026
- Individual RAUM · $20.2M to $16.3MJan 28, 2026 to Mar 27, 2026
- RAUM · $101M to $124MJan 28, 2026 to Mar 27, 2026
- Succession · true to falseJan 28, 2026 to Mar 27, 2026
- HQ city · ROLLING HILLS EST. to May 13, 2025 to Jan 28, 2026
- HQ state · CA to May 13, 2025 to Jan 28, 2026
- Other offices · 0 to 1May 13, 2025 to Jan 28, 2026
- Succession · false to trueMay 13, 2025 to Jan 28, 2026
- Financial planning clients · 0 to 0Mar 20, 2025 to May 13, 2025
- Accounts · 219 to 254Apr 30, 2012 to Mar 20, 2025
- Advisory employees · unset to 1.0Apr 30, 2012 to Mar 20, 2025
- Advisory activities · 2 to 3Apr 30, 2012 to Mar 20, 2025
- Charity clients · unset to 0.0Apr 30, 2012 to Mar 20, 2025
- Corporate clients · unset to 0.0Apr 30, 2012 to Mar 20, 2025
- HNW clients · unset to 54.0Apr 30, 2012 to Mar 20, 2025
- Individual clients · unset to 15.0Apr 30, 2012 to Mar 20, 2025
- Pension plan clients · unset to 0.0Apr 30, 2012 to Mar 20, 2025
- Pooled vehicle clients · unset to 0.0Apr 30, 2012 to Mar 20, 2025
- Employees · unset to 1.0Apr 30, 2012 to Mar 20, 2025
- Financial planning clients · 1-10 to 0Apr 30, 2012 to Mar 20, 2025
- State-registered IARs · 0 to 1Apr 30, 2012 to Mar 20, 2025
- Other offices · unset to 0.0Apr 30, 2012 to Mar 20, 2025
- Discretionary RAUM · $57.6M to $101MApr 30, 2012 to Mar 20, 2025
- HNW RAUM · unset to 70765981.0Apr 30, 2012 to Mar 20, 2025
- Individual RAUM · unset to 20218852.0Apr 30, 2012 to Mar 20, 2025
- Non-discretionary RAUM · $649,775 to $0Apr 30, 2012 to Mar 20, 2025
- Pension RAUM · unset to 0.0Apr 30, 2012 to Mar 20, 2025
- Pooled vehicle RAUM · unset to 0.0Apr 30, 2012 to Mar 20, 2025
- RAUM · $58.2M to $101MApr 30, 2012 to Mar 20, 2025
- Advisory activities · 4 to 2Feb 10, 2012 to Mar 22, 2012
Signals
1 dated events
- Royal Palms Capital, Llc reported succeeding to the business of Royal Palms Capital, Llc (Form ADV Item 4)Jan 28, 2026 · Succession (Item 4) · fact
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
- Business phone
- 310-265-5939reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 310-544-5156reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 877-265-5939reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- ROYALPALMSCAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 310 265-5939reportedpublic record, Form ADV, Jun 29, 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
- $124Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026