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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Former SEC-registered adviser

M•••• F•••••••• A••••••• L••

Former SEC-registered adviserLarkspur, CaliforniaCRD 135872SEC 801-65355websiteIAPD
Latest filing Mar 18, 2026
First filing on the tape Nov 8, 2011 · 30 filings
SEC status approved since Jan 23, 2006
RAUM
$389M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
91%
$355M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$389M as of Mar 18, 2026
Mar 23, 2012$186M then
HNW client RAUM$326M as of Mar 18, 2026
Mar 7, 2018$113M then
State-registered IARs (5.B.3)1 as of Mar 18, 2026
Mar 23, 20120 then
Employees (5.A)2 as of Mar 18, 2026
Apr 1, 20134 then
Private funds: no history
RAUM -20% over the last fiscal year-1.2% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 18, 2026; every figure names its basis
RAUM per advisor
$389MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
157derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.1MderivedHNW RAUM over HNW clients
Average account
$2.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
8.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-20%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-3.1%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
Custody
$119M, 84 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
  • 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$326M84%
  • Pension and profit-sharing plans$31.9M8.2%
  • Individuals$29.7M7.6%
  • Corporations and businesses$1.7M0.4%
Individual clients
53reported
HNW clients
104reported
Pension plan clients
2reported
Charitable clients
0reported
Accounts
161reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$119M for 84 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
1 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • D••••• C••••• B••••••• · Managing Member / Chief Compliance Officercontrol
    since 01/2018 · 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
OfficeAdvisorsJoinedLeftTeams outForming
Larkspur, Ca · principal001
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 524 to 161
    Nov 26, 2025 to Mar 18, 2026
  • Individual clients · 58 to 53
    Nov 26, 2025 to Mar 18, 2026
  • Pension plan clients · 3 to 2
    Nov 26, 2025 to Mar 18, 2026
  • Assets in custody · unset to 118775216.0
    Nov 26, 2025 to Mar 18, 2026
  • Custody of client assets · false to true
    Nov 26, 2025 to Mar 18, 2026
  • Discretionary RAUM · $484M to $384M
    Nov 26, 2025 to Mar 18, 2026
  • HNW RAUM · $300M to $326M
    Nov 26, 2025 to Mar 18, 2026
  • Individual RAUM · $30.8M to $29.7M
    Nov 26, 2025 to Mar 18, 2026
  • Non-discretionary RAUM · $4.1M to $4.8M
    Nov 26, 2025 to Mar 18, 2026
  • Pension RAUM · $155M to $31.9M
    Nov 26, 2025 to Mar 18, 2026
  • RAUM · $488M to $389M
    Nov 26, 2025 to Mar 18, 2026
  • Related adviser · false to true
    Mar 27, 2025 to Nov 26, 2025
  • Accounts · 495 to 524
    Mar 27, 2024 to Mar 27, 2025
  • Corporate clients · unset to 2.0
    Mar 27, 2024 to Mar 27, 2025
  • HNW clients · 96 to 104
    Mar 27, 2024 to Mar 27, 2025
  • Individual clients · 67 to 58
    Mar 27, 2024 to Mar 27, 2025
  • Pension plan clients · 5 to 3
    Mar 27, 2024 to Mar 27, 2025
  • Financial planning clients · 101-250 to 101-250
    Mar 27, 2024 to Mar 27, 2025
  • Discretionary RAUM · $445M to $484M
    Mar 27, 2024 to Mar 27, 2025
  • HNW RAUM · $255M to $300M
    Mar 27, 2024 to Mar 27, 2025
  • Individual RAUM · $35.5M to $30.8M
    Mar 27, 2024 to Mar 27, 2025
  • Non-discretionary RAUM · $3.9M to $4.1M
    Mar 27, 2024 to Mar 27, 2025
  • Pension RAUM · $155M to $155M
    Mar 27, 2024 to Mar 27, 2025
  • RAUM · $448M to $488M
    Mar 27, 2024 to Mar 27, 2025
  • Accounts · 497 to 495
    Dec 20, 2023 to Mar 27, 2024
  • Advisory employees · 2 to 1
    Dec 20, 2023 to Mar 27, 2024
  • HNW clients · 95 to 96
    Dec 20, 2023 to Mar 27, 2024
  • Individual clients · 68 to 67
    Dec 20, 2023 to Mar 27, 2024
  • Pension plan clients · 6 to 5
    Dec 20, 2023 to Mar 27, 2024
  • Employees · 3 to 2
    Dec 20, 2023 to Mar 27, 2024
  • State-registered IARs · 2 to 1
    Dec 20, 2023 to Mar 27, 2024
  • Discretionary RAUM · $400M to $445M
    Dec 20, 2023 to Mar 27, 2024
  • HNW RAUM · $231M to $255M
    Dec 20, 2023 to Mar 27, 2024
  • Individual RAUM · $34.5M to $35.5M
    Dec 20, 2023 to Mar 27, 2024
  • Non-discretionary RAUM · $3.2M to $3.9M
    Dec 20, 2023 to Mar 27, 2024
  • Pension RAUM · $135M to $155M
    Dec 20, 2023 to Mar 27, 2024
  • RAUM · $403M to $448M
    Dec 20, 2023 to Mar 27, 2024
  • Accounts · 483 to 497
    Mar 21, 2022 to Mar 27, 2023
  • HNW clients · 98 to 95
    Mar 21, 2022 to Mar 27, 2023
  • Individual clients · 57 to 68
    Mar 21, 2022 to Mar 27, 2023
Signals
4 dated events
  • M•••• F•••••••• A••••••• L•• no longer on the SEC adviser roster (last listed 2026-05-01, RAUM $388.8M)
    Jun 1, 2026 · Left the SEC roster · derived
  • C•••• B••••••• D•••• left M•••• F•••••••• A••••••• L•• for W••••••••• A••••••• (registered 2026-02-11)
    May 28, 2026 · Advisor changed firm · fact
  • Nathan David Shore (Member / Principal) no longer on Schedule A of M•••• F•••••••• A••••••• L•• (listed 2023-12-20, absent 2024-03-27)
    Mar 27, 2024 · Control person left · inference
  • M•••• F•••••••• A••••••• L•• reported RAUM $318.1M, down 29% from $449.6M (2017-03-30 to 2018-03-07)
    Mar 7, 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.
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
Former SEC-registered adviserderiveda 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