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•••••••• S••••• B••••• L••
Latest filing Mar 27, 2025
First filing on the tape Nov 20, 2012 · 25 filings
SEC status approved since Jan 3, 2013
RAUM
$317M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
72%
$229M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
14
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$317M as of Mar 27, 2025
Mar 27, 2013$93.0M then
HNW client RAUM$206M as of Mar 27, 2025
Mar 21, 2018$94.9M then
State-registered IARs (5.B.3)9 as of Mar 27, 2025
Mar 27, 20133 then
Employees (5.A)14 as of Mar 27, 2025
Mar 27, 20135 then
Private funds: no history
RAUM +11% over the last fiscal year+1.4% a year over threeIARs 9 to 9
Practice profile
derived from the filing of Mar 27, 2025; every figure names its basis
- RAUM per advisor
- $35.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 18derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.4MderivedHNW RAUM over HNW clients
- Average account
- $963,851derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 13%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.6derivedItem 5.A over advisors
- Advisors per office
- 4.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +11%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -12%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Custody
- $133M, 54 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)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$206M65%
- Corporations and businesses$46.0M14%
- Charitable organizations$42.2M13%
- Individuals$23.0M7.3%
- Individual clients
- 71reported
- HNW clients
- 87reported
- Pension plan clients
- n/areported
- Charitable clients
- 8reported
- Accounts
- 329reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $133M for 54 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
Left, latest
- M••• S•••••••• to A••••••• F••••••••• L•••Jun 26, 2025 · RIA to affiliated broker-dealer or bank
- T•••••• V•••••• to A••••••• F••••••••• L•••Jun 26, 2025 · RIA to affiliated broker-dealer or bank
- D•••• G••••••• to I••••••••• P••••••••• L••Jun 26, 2025 · Other
- S••••••• P•••••• to S••••• B•••• I••••••••• A•••••••• L••Oct 31, 2024 · RIA to RIA
- P•••• G••••• B••••••••• to S••••• B•••• I••••••••• A•••••••• L••Feb 14, 2023 · RIA to RIA
Joined, latest
- S••••••• P•••••• from N••••••••• M••••• I••••••••• S•••••••••Nov 16, 2023 · Other
- T•••••• V•••••• from S••••• B•••• I••••••••• A•••••••• L••May 1, 2023 · RIA to RIA
- P•••• G••••• B••••••••• from J••• M••••• S••••••••• L••May 8, 2019 · Wirehouse to independent RIA
- D•••• G••••••• from S••••• B•••• I••••••••• A•••••••• L••Oct 28, 2015 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for A••••••• F••••••••• L•••Jun 26, 2025 · Indianapolis, In
- 2 joined from S••••• B•••• I••••••••• A•••••••• L••Sep 12, 2025 · Indianapolis, In
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B••••• R•••••• R••••• · Chief Financial Officercontrolsince 02/2009 · owns 25% to 50%
- G•••••••• D••••• S••••• · Membercontrolsince 02/2009 · owns 25% to 50%
- S••••••••• M•••• A••• · Chief Investment Officer, Portfolio Managercontrolsince 12/2005 · owns 50% to 75%
- B••••• R•••••• R••••• · Owner/Membercontrolsince 04/2012 · owns 50% to 75% of S••••• B•••• C•••••• M••••••••• L••
- G•••••••• D••••• S••••• · Owner/Membercontrolsince 04/2012 · owns 50% to 75% of S••••• B•••• C•••••• M••••••••• L••
- B••••• A•••••• L• · Chief Compliance Officersince 03/2017 · owns less than 5%
Entity owners
- S••••• B•••• C•••••• M••••••••• L•• · Memberdirect · owns 50% to 75%
Related persons
Schedule D 7.A
- I••••••••• P••••••••• L••investment advisernRAUM $785M
- S••••• F••••• L••investment advisernRAUM $61.3M
- S••••• B•••• I••••••••• A•••••••• L••investment advisernRAUM $1.4B
- T•••• G• L••pooled vehicle sponsorn
- T•••• A•••••••investment advisern
Advisers that list S•••••••• S••••• B••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Indianapolis, In · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
What changed
consecutive filings, newest first
- Accounts · 369 to 329Oct 31, 2024 to Mar 27, 2025
- Advisory employees · 3 to 4Oct 31, 2024 to Mar 27, 2025
- Corporate clients · 8 to 7Oct 31, 2024 to Mar 27, 2025
- Individual clients · 93 to 71Oct 31, 2024 to Mar 27, 2025
- Assets in custody · $122M to $133MOct 31, 2024 to Mar 27, 2025
- Employees · 13 to 14Oct 31, 2024 to Mar 27, 2025
- Discretionary RAUM · $285M to $317MOct 31, 2024 to Mar 27, 2025
- HNW RAUM · $188M to $206MOct 31, 2024 to Mar 27, 2025
- Individual RAUM · $25.2M to $23.0MOct 31, 2024 to Mar 27, 2025
- RAUM · $285M to $317MOct 31, 2024 to Mar 27, 2025
- Accounts · 360 to 369Nov 1, 2023 to Mar 22, 2024
- Advisory employees · 4 to 3Nov 1, 2023 to Mar 22, 2024
- HNW clients · 83 to 87Nov 1, 2023 to Mar 22, 2024
- Individual clients · 96 to 93Nov 1, 2023 to Mar 22, 2024
- Assets in custody · $87.6M to $122MNov 1, 2023 to Mar 22, 2024
- Employees · 11 to 13Nov 1, 2023 to Mar 22, 2024
- Insurance-licensed employees · 7 to 8Nov 1, 2023 to Mar 22, 2024
- Financial planning clients · 0 to 1-10Nov 1, 2023 to Mar 22, 2024
- State-registered IARs · 8 to 9Nov 1, 2023 to Mar 22, 2024
- Discretionary RAUM · $242M to $285MNov 1, 2023 to Mar 22, 2024
- HNW RAUM · $153M to $188MNov 1, 2023 to Mar 22, 2024
- Individual RAUM · $27.8M to $25.2MNov 1, 2023 to Mar 22, 2024
- RAUM · $242M to $285MNov 1, 2023 to Mar 22, 2024
- Accounts · 342 to 360May 13, 2022 to Mar 21, 2023
- Advisory activities · 2 to 3May 13, 2022 to Mar 21, 2023
- BD registered reps · 1 to 0May 13, 2022 to Mar 21, 2023
- Charity clients · 7 to 8May 13, 2022 to Mar 21, 2023
- HNW clients · 81 to 83May 13, 2022 to Mar 21, 2023
- Assets in custody · $101M to $87.6MMay 13, 2022 to Mar 21, 2023
- Employees · 8 to 11May 13, 2022 to Mar 21, 2023
- Discretionary RAUM · $304M to $242MMay 13, 2022 to Mar 21, 2023
- HNW RAUM · $200M to $153MMay 13, 2022 to Mar 21, 2023
- Individual RAUM · $29.7M to $27.8MMay 13, 2022 to Mar 21, 2023
- RAUM · $304M to $242MMay 13, 2022 to Mar 21, 2023
- Accounts · 287 to 342Mar 26, 2021 to Mar 25, 2022
- BD registered reps · 0 to 1Mar 26, 2021 to Mar 25, 2022
- Charity clients · 6 to 7Mar 26, 2021 to Mar 25, 2022
- Corporate clients · 9 to 8Mar 26, 2021 to Mar 25, 2022
- HNW clients · 72 to 81Mar 26, 2021 to Mar 25, 2022
- Individual clients · 87 to 96Mar 26, 2021 to Mar 25, 2022
Signals
9 dated events
- 2 advisors left S••••• B•••• I••••••••• A•••••••• L•• (Indianapolis, IN) for S•••••••• S••••• B••••• L•• on the same daySep 12, 2025 · Team lift-out · derived
- S•••••••• S••••• B••••• L•• no longer on the SEC adviser roster (last listed 2025-06-02, RAUM $317.1M)Jul 1, 2025 · Left the SEC roster · derived
- T•••••• V•••••• left S•••••••• S••••• B••••• L•• for A••••••• F••••••••• L••• (registered 2025-06-09)Jun 26, 2025 · Advisor changed firm · fact
- D•••• G••••••• left S•••••••• S••••• B••••• L•• for I••••••••• P••••••••• L•• (registered 2015-10-28)Jun 26, 2025 · Advisor changed firm · fact
- M••• S•••••••• left S•••••••• S••••• B••••• L•• for A••••••• F••••••••• L••• (registered 2025-05-30)Jun 26, 2025 · Advisor changed firm · fact
- 2 advisors left S•••••••• S••••• B••••• L•• (Indianapolis, IN) for A••••••• F••••••••• L••• on the same dayJun 26, 2025 · Team lift-out · derived
- S••••••• P•••••• left S•••••••• S••••• B••••• L•• for S••••• B•••• I••••••••• A•••••••• L•• (registered 2023-11-29)Oct 31, 2024 · Advisor changed firm · fact
- P•••• G••••• B••••••••• left S•••••••• S••••• B••••• L•• for S••••• B•••• I••••••••• A•••••••• L•• (registered 2019-05-08)Feb 14, 2023 · Advisor changed firm · fact
- S•••••••• S••••• B••••• L•• filed its initial SEC registration (Form ADV)Nov 20, 2012 · 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