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

L•••••• E••• I••••••••• A•••••••••

Institutional managerSan Francisco, CaliforniaCRD 136476SEC 801-68249websiteIAPD
Latest filing Feb 26, 2026
First filing on the tape Feb 7, 2012 · 15 filings
SEC status approved since Aug 24, 2007
RAUM
$5.2B
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
13
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$5.2B as of Feb 26, 2026
Feb 7, 2012$1.5B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Feb 26, 2026
Feb 7, 20120 then
Employees (5.A)13 as of Feb 26, 2026
Feb 21, 201312 then
Private funds1 as of Mar 13, 2025
Feb 21, 20132 then
RAUM +6.1% over the last fiscal year+16% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Feb 26, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
  • OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
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
$431MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
100%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+6.1%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 pooled vehicles, selection of other advisersreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$5.2B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
12reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.0 institutional_share=1.0 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
      L••• G•• I••••••••• L••no longer reportedOther Private Fund$569M2Mar 29, 2016
      L••• G•••• T•••• • E••••••• M•••••• F•••Other Private Fund$232M1Mar 11, 2019
      E•• P••••• E••••• E••••••• M••••••• I•• L•no longer reportedOther Private Fund$81.4M1Feb 21, 2013
      L••• C••••• O••••••••• F•••• L•no longer reportedHedge Fund$11.6M3Feb 21, 2013
      Owners and control persons
      Schedule A and B, latest filing
      • F•••• C••••• W•••••• · Executive Vice President, Membercontrol
        since 07/2005 · owns 10% to 25%
      • J••• C••••••• C••• · President / Ceo / Managing Membercontrol
        since 07/2005 · owns 75% or more
      • W••••••••• S••••• M••• K•• · Senior Vice President / Chief Compliance Officer
        since 07/2005 · 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
      • business activity changedChange between filings · filing Feb 26, 2026
        advises private funds (Item 7.B): yes on the filing of 2025-03-13, no on the filing of 2026-02-26
        peers: institutional managers, $5B to $20B (71)
      What changed
      consecutive filings, newest first
      • Accounts · 13 to 12
        Mar 13, 2025 to Feb 26, 2026
      • Advisory employees · 9 to 8
        Mar 13, 2025 to Feb 26, 2026
      • Employees · 14 to 13
        Mar 13, 2025 to Feb 26, 2026
      • Private funds · 1 to unset
        Mar 13, 2025 to Feb 26, 2026
      • Discretionary RAUM · $4.9B to $5.2B
        Mar 13, 2025 to Feb 26, 2026
      • RAUM · $4.9B to $5.2B
        Mar 13, 2025 to Feb 26, 2026
      • Accounts · 12 to 13
        Mar 6, 2024 to Mar 13, 2025
      • Advisory employees · 8 to 9
        Mar 6, 2024 to Mar 13, 2025
      • Employees · 12 to 14
        Mar 6, 2024 to Mar 13, 2025
      • Financial planning clients · unset to
        Mar 6, 2024 to Mar 13, 2025
      • State-registered IARs · 2 to 0
        Mar 6, 2024 to Mar 13, 2025
      • Discretionary RAUM · $3.9B to $4.9B
        Mar 6, 2024 to Mar 13, 2025
      • RAUM · $3.9B to $4.9B
        Mar 6, 2024 to Mar 13, 2025
      • Employees · 14 to 12
        Mar 28, 2023 to Mar 6, 2024
      • Discretionary RAUM · $3.3B to $3.9B
        Mar 28, 2023 to Mar 6, 2024
      • RAUM · $3.3B to $3.9B
        Mar 28, 2023 to Mar 6, 2024
      • Accounts · 11 to 12
        Mar 31, 2022 to Mar 28, 2023
      • Discretionary RAUM · $4.0B to $3.3B
        Mar 31, 2022 to Mar 28, 2023
      • RAUM · $4.0B to $3.3B
        Mar 31, 2022 to Mar 28, 2023
      • Wrap assets (manager) · 23012235.0 to unset
        Mar 31, 2022 to Mar 28, 2023
      • Wrap assets (sponsor) · 0.0 to unset
        Mar 31, 2022 to Mar 28, 2023
      • Accounts · 10 to 11
        Mar 26, 2021 to Mar 31, 2022
      • Discretionary RAUM · $3.5B to $4.0B
        Mar 26, 2021 to Mar 31, 2022
      • RAUM · $3.5B to $4.0B
        Mar 26, 2021 to Mar 31, 2022
      • Wrap assets (manager) · $16.8M to $23.0M
        Mar 26, 2021 to Mar 31, 2022
      • Employees · 15 to 14
        Feb 26, 2020 to Mar 26, 2021
      • Discretionary RAUM · $3.0B to $3.5B
        Feb 26, 2020 to Mar 26, 2021
      • RAUM · $3.0B to $3.5B
        Feb 26, 2020 to Mar 26, 2021
      • Wrap assets (manager) · unset to 16836083.0
        Feb 26, 2020 to Mar 26, 2021
      • Wrap assets (sponsor) · unset to 0.0
        Feb 26, 2020 to Mar 26, 2021
      • Accounts · 11 to 10
        Mar 11, 2019 to Feb 26, 2020
      • Advisory employees · 6 to 8
        Mar 11, 2019 to Feb 26, 2020
      • Assets in custody · 0.0 to unset
        Mar 11, 2019 to Feb 26, 2020
      • Custody of client assets · true to false
        Mar 11, 2019 to Feb 26, 2020
      • Private funds · 2 to 1
        Mar 11, 2019 to Feb 26, 2020
      • Discretionary RAUM · $3.0B to $3.0B
        Mar 11, 2019 to Feb 26, 2020
      • RAUM · $3.0B to $3.0B
        Mar 11, 2019 to Feb 26, 2020
      • Accounts · 10 to 11
        Mar 30, 2018 to Mar 11, 2019
      • Assets in custody · $465,684 to $0
        Mar 30, 2018 to Mar 11, 2019
      • Discretionary RAUM · $3.2B to $3.0B
        Mar 30, 2018 to Mar 11, 2019
      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
      Firm profile
      linkedin.com/company/103213reportedpublic record, Form ADV, Sep 18, 2026
      Website
      L•••.NETreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      415-217-7030reportedpublic record, Form ADV, Feb 26, 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
      Institutional managerderiveda 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