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

S•••• W••••• M•••••••••

Former SEC-registered adviserWalnut Creek, CaliforniaCRD 136101SEC 801-101521IAPD
Legal name S•••• A•••• M••••••••• L••
Latest filing Mar 16, 2021
First filing on the tape Jul 13, 2015 · 15 filings
RAUM
$356M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
97%
$347M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$356M as of Mar 16, 2021
Mar 10, 2016$154M then
HNW client RAUM$37.5M as of Mar 16, 2021
Mar 21, 2018$172M then
State-registered IARs (5.B.3)4 as of Mar 16, 2021
Mar 10, 20164 then
Employees (5.A)5 as of Mar 16, 2021
Mar 10, 20166 then
Private funds: no history
RAUM +26% over the last fiscal year+19% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 16, 2021; every figure names its basis
RAUM per advisor
$89.1MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
86derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$187,628derivedHNW RAUM over HNW clients
Average account
$1.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
97%derivedof RAUM
Institutional
2.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
2.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+26%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+6.9%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 consulting, selection of other advisersreportedItem 5.G
Custody
$760,000, 2 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$309M87%
  • High-net-worth individuals$37.5M11%
  • Pension and profit-sharing plans$9.5M2.7%
Individual clients
142reported
HNW clients
200reported
Pension plan clients
7reported
Charitable clients
n/areported
Accounts
344reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$760,000 for 2 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
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • S••••• M•••• W•••••• · Manager/Chief Compliance Officercontrol
    since 05/2005 · owns 75% or more
Related persons
Schedule D 7.A
  • Angeles Investment Advisors
    investment advisernRAUM $7.3B
  • C••••• A••••••••• C•••••••••
    insurancen
  • C•••••• C•••••• A•• A•••••••• L••
    insurancen
Offices
Schedule D 1.F, the 25 largest
  • Pleasant Hill, CA2 employees
What changed
consecutive filings, newest first
  • Accounts · 830 to 344
    Jun 3, 2020 to Mar 16, 2021
  • HNW clients · 95 to 200
    Jun 3, 2020 to Mar 16, 2021
  • Individual clients · 225 to 142
    Jun 3, 2020 to Mar 16, 2021
  • Pension plan clients · 5 to 7
    Jun 3, 2020 to Mar 16, 2021
  • Assets in custody · $999,912 to $760,000
    Jun 3, 2020 to Mar 16, 2021
  • Discretionary RAUM · $278M to $347M
    Jun 3, 2020 to Mar 16, 2021
  • HNW RAUM · $209M to $37.5M
    Jun 3, 2020 to Mar 16, 2021
  • Individual RAUM · $69.8M to $309M
    Jun 3, 2020 to Mar 16, 2021
  • Non-discretionary RAUM · $5.2M to $9.5M
    Jun 3, 2020 to Mar 16, 2021
  • Pension RAUM · $5.2M to $9.5M
    Jun 3, 2020 to Mar 16, 2021
  • RAUM · $283M to $356M
    Jun 3, 2020 to Mar 16, 2021
  • Accounts · 850 to 830
    Mar 21, 2019 to Mar 18, 2020
  • HNW clients · 88 to 95
    Mar 21, 2019 to Mar 18, 2020
  • Individual clients · 206 to 225
    Mar 21, 2019 to Mar 18, 2020
  • Assets in custody · unset to 999912.0
    Mar 21, 2019 to Mar 18, 2020
  • Custody of client assets · false to true
    Mar 21, 2019 to Mar 18, 2020
  • Discretionary RAUM · $225M to $278M
    Mar 21, 2019 to Mar 18, 2020
  • HNW RAUM · $171M to $209M
    Mar 21, 2019 to Mar 18, 2020
  • Individual RAUM · $54.1M to $69.8M
    Mar 21, 2019 to Mar 18, 2020
  • Non-discretionary RAUM · $4.4M to $5.2M
    Mar 21, 2019 to Mar 18, 2020
  • Pension RAUM · $4.4M to $5.2M
    Mar 21, 2019 to Mar 18, 2020
  • RAUM · $229M to $283M
    Mar 21, 2019 to Mar 18, 2020
  • Business name · SHONE ASSET MANAGEMENT LLC to SHONE WEALTH MANAGEMENT
    Mar 18, 2020 to Mar 18, 2020
  • Accounts · 739 to 850
    Mar 21, 2018 to Mar 21, 2019
  • Advisory employees · 3 to 4
    Mar 21, 2018 to Mar 21, 2019
  • HNW clients · 153 to 88
    Mar 21, 2018 to Mar 21, 2019
  • Individual clients · 47 to 206
    Mar 21, 2018 to Mar 21, 2019
  • Pension plan clients · 4 to 5
    Mar 21, 2018 to Mar 21, 2019
  • Employees · 4 to 5
    Mar 21, 2018 to Mar 21, 2019
  • State-registered IARs · 3 to 4
    Mar 21, 2018 to Mar 21, 2019
  • Discretionary RAUM · $207M to $225M
    Mar 21, 2018 to Mar 21, 2019
  • HNW RAUM · $172M to $171M
    Mar 21, 2018 to Mar 21, 2019
  • Individual RAUM · $34.6M to $54.1M
    Mar 21, 2018 to Mar 21, 2019
  • Non-discretionary RAUM · $4.2M to $4.4M
    Mar 21, 2018 to Mar 21, 2019
  • Pension RAUM · $4.2M to $4.4M
    Mar 21, 2018 to Mar 21, 2019
  • RAUM · $211M to $229M
    Mar 21, 2018 to Mar 21, 2019
  • Accounts · 663 to 739
    Nov 3, 2017 to Mar 21, 2018
  • Advisory employees · 5 to 3
    Nov 3, 2017 to Mar 21, 2018
  • HNW clients · 140 to 153
    Nov 3, 2017 to Mar 21, 2018
  • Individual clients · 20 to 47
    Nov 3, 2017 to Mar 21, 2018
Signals
1 dated events
  • Shone Asset Management Llc filed its initial SEC registration (Form ADV)
    Jul 13, 2015 · First SEC registration · fact
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