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

L & S Advisors, Inc

Independent wealth managerLos Angeles, CaliforniaCRD 140923SEC 801-66849websiteIAPD
Latest filing Jun 26, 2026
First filing on the tape Feb 7, 2012 · 42 filings
SEC status approved since Jun 5, 2006
RAUM
$1.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
80%
$935M individuals and HNW
Advisors
12
registered through the firm on IAPD
RAUM per advisor
$96.9M
derived; firm RAUM over IAPD count
Employees
15
9 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
42 filings and snapshots on the tape
RAUM$1.2B as of Jun 26, 2026
May 14, 2012$238M then
HNW client RAUM$683M as of Jun 26, 2026
May 23, 2018$506M then
State-registered IARs (5.B.3)10 as of Jun 26, 2026
Jun 7, 20137 then
Employees (5.A)15 as of Jun 26, 2026
Jun 7, 201310 then
Private funds: no history
RAUM +16% over the last fiscal year+7.4% a year over threeIARs 13 to 10offices 0 to 2
Practice profile
derived from the filing of Jun 26, 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
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
RAUM per advisor
$96.9MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
88derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.7MderivedHNW RAUM over HNW clients
Average account
$1.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
8.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
4.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+4.5%derivedbetween the last two annual amendments
Advisor growth, one year
-7.7%derivedItem 5.B.3 between annual amendments
Client growth, one year
+9.7%derived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$130M, 59 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$683M59%
  • Individuals$252M22%
  • Corporations and businesses$124M11%
  • Charitable organizations$100M8.6%
  • Pension and profit-sharing plans$3.7M0.3%
Individual clients
868reported
HNW clients
186reported
Pension plan clients
n/areported
Charitable clients
13reported
Accounts
1,095reported
Financial planning clients
1-10reported
Wrap fee programs
$0 sponsored, $344M managedreported
Custody of client assets
$130M for 59 clientsreported
Compensation
% of AUM, hourlyreported
Class basis
private_client_share=0.8 fund_share=0.0 institutional_share=0.09 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
12 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Lin-Chun Heather LiuLos Angeles, CaJul 31, 200818 y0
Sy Richard LippmanLos Angeles, CaAug 1, 200847 y2
Ralph Raymond ScottLos Angeles, CaAug 1, 200847 y2
Leanne Kallstrom SindellNapa, Ca Aug 14, 201215 y0
Craig Eugene WestonLos Angeles, CaApr 5, 201610 y0
Jason Jay ScottLos Angeles, CaAug 30, 201814 y0
Debora Weston NunezLos Angeles, Ca Feb 20, 202010 y0
Stephen Seong SeoChartered Financial AnalystLos Angeles, CaFeb 16, 202313 y1
Ofer Ben-MenahemIrvine, Ca Mar 21, 202329 y6
Ian Keoni ManongdoLos Angeles, CaJan 1, 202510 y0
Edlyn Coral RuizLos Angeles, CaFeb 19, 202610 y0
Ryan Garrett BrouilletteLos Angeles, CaSep 4, 202625 y2
Advisor movement
2 left, 1 joined in 12 months
net -1 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 17% of current headcount2 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Brenda Helene Lippman · Trustee Of The Lippman Family Trustcontrol
    since 07/2015 · owns 25% to 50%
  • Richard Sy Lippman · Ceo, Cfo, Trustee Of The Lippmancontrol
    since 05/2006 · owns 25% to 50%
  • Keoni Ian Manongdo · Chief Operating Officercontrol
    since 05/2021 · owns less than 5%
  • Jay Jason Scott · Chief Compliance Officer (Sincecontrol
    since 02/2020 · owns less than 5%
  • F. Phyllis Scott · Trustee Of The The Scott Family Trust Dated July 27, 1987control
    since 07/2015 · owns 25% to 50%
  • Raymond Ralph Scott · Executive Vice President, Cio, Trustee Of The The Scott Family Trustcontrol
    since 05/2006 · owns 25% to 50%
  • Seong Stephen Seo · Presidentcontrol
    since 02/2023 · owns less than 5%
Entity owners
  • The Lippman Family Trust Dated January 18, 1996 · Shareholder
    direct · owns 25% to 50%
  • The Scott Family Trust Dated July 27, 1987 · Shareholder
    direct · owns 25% to 50%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Los Angeles, Ca · principal12221
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Jun 26, 2026
    Scott, Phyllis, F. (TRUSTEE OF THE THE SCOTT FAMILY TRUST DATED JULY 27, 1987) left Schedule A between the filings of 2023-02-17 and 2026-06-26
    peers: independent wealth managers, $1B to $5B (1,360)
How anomalies are measured
What changed
consecutive filings, newest first
  • Advisory employees · 15 to 9
    Feb 20, 2026 to Jun 26, 2026
  • Accounts · 1,691 to 1,095
    Feb 20, 2026 to Jun 26, 2026
  • Charity clients · 5 to 13
    Feb 20, 2026 to Jun 26, 2026
  • Corporate clients · 17 to 26
    Feb 20, 2026 to Jun 26, 2026
  • HNW clients · 172 to 186
    Feb 20, 2026 to Jun 26, 2026
  • Individual clients · 809 to 868
    Feb 20, 2026 to Jun 26, 2026
  • Assets in custody · $88.0M to $130M
    Feb 20, 2026 to Jun 26, 2026
  • State-registered IARs · 12 to 10
    Feb 20, 2026 to Jun 26, 2026
  • Discretionary RAUM · $1.1B to $1.2B
    Feb 20, 2026 to Jun 26, 2026
  • HNW RAUM · $680M to $683M
    Feb 20, 2026 to Jun 26, 2026
  • Individual RAUM · $221M to $252M
    Feb 20, 2026 to Jun 26, 2026
  • Pension RAUM · unset to 3706853.0
    Feb 20, 2026 to Jun 26, 2026
  • RAUM · $1.1B to $1.2B
    Feb 20, 2026 to Jun 26, 2026
  • Wrap assets (manager) · $268M to $344M
    Feb 20, 2026 to Jun 26, 2026
  • Accounts · 1,507 to 1,691
    Nov 11, 2024 to Jun 23, 2025
  • Charity clients · 6 to 5
    Nov 11, 2024 to Jun 23, 2025
  • Corporate clients · 19 to 17
    Nov 11, 2024 to Jun 23, 2025
  • HNW clients · 159 to 172
    Nov 11, 2024 to Jun 23, 2025
  • Individual clients · 735 to 809
    Nov 11, 2024 to Jun 23, 2025
  • Assets in custody · $101M to $88.0M
    Nov 11, 2024 to Jun 23, 2025
  • Financial planning clients · 0 to 1-10
    Nov 11, 2024 to Jun 23, 2025
  • State-registered IARs · 13 to 12
    Nov 11, 2024 to Jun 23, 2025
  • Other offices · 0 to 2
    Nov 11, 2024 to Jun 23, 2025
  • Discretionary RAUM · $1.0B to $1.1B
    Nov 11, 2024 to Jun 23, 2025
  • HNW RAUM · $701M to $680M
    Nov 11, 2024 to Jun 23, 2025
  • Individual RAUM · $199M to $221M
    Nov 11, 2024 to Jun 23, 2025
  • RAUM · $1.0B to $1.1B
    Nov 11, 2024 to Jun 23, 2025
  • Wrap assets (manager) · $246M to $268M
    Nov 11, 2024 to Jun 23, 2025
  • Accounts · 1,365 to 1,507
    Jun 28, 2023 to May 9, 2024
  • Advisory employees · 17 to 15
    Jun 28, 2023 to May 9, 2024
  • Charity clients · 12 to 6
    Jun 28, 2023 to May 9, 2024
  • HNW clients · 122 to 159
    Jun 28, 2023 to May 9, 2024
  • Individual clients · 750 to 735
    Jun 28, 2023 to May 9, 2024
  • Assets in custody · $48.2M to $101M
    Jun 28, 2023 to May 9, 2024
  • Employees · 17 to 15
    Jun 28, 2023 to May 9, 2024
  • Discretionary RAUM · $831M to $1.0B
    Jun 28, 2023 to May 9, 2024
  • HNW RAUM · $424M to $701M
    Jun 28, 2023 to May 9, 2024
  • Individual RAUM · $181M to $199M
    Jun 28, 2023 to May 9, 2024
  • RAUM · $831M to $1.0B
    Jun 28, 2023 to May 9, 2024
  • Wrap assets (manager) · $196M to $246M
    Jun 28, 2023 to May 9, 2024
Signals
9 dated events
  • Matthew Aaron Nussbaum left L & S Advisors, Inc for Americana Partners, Llc (registered 2026-03-05)
    Mar 5, 2026 · Advisor changed firm · fact
  • Jorge Luis Ambriz left L & S Advisors, Inc for Americana Partners, Llc (registered 2026-03-10)
    Mar 5, 2026 · Advisor changed firm · fact
  • 2 advisors left L & S Advisors, Inc (Los Angeles, CA) for Americana Partners, LLC on the same day
    Mar 5, 2026 · Team lift-out · derived
  • 2 advisors left Rvw Wealth LLC (Los Angeles, CA) for L & S Advisors, Inc on the same day
    May 15, 2023 · Team lift-out · derived
  • Seong Stephen Seo (President) appeared on Schedule A of L & S Advisors, Inc
    Feb 17, 2023 · Control person joined · fact
  • Edward Bennett Gross (President) no longer on Schedule A of L & S Advisors, Inc (listed 2021-11-18, absent 2021-12-08)
    Dec 8, 2021 · Control person left · inference
  • L & S Advisors, Inc reported RAUM $998.2M, up 40% from $710.9M (2020-06-26 to 2021-06-23)
    Jun 23, 2021 · RAUM change · derived
  • Keoni Ian Manongdo (Chief Operating Officer) appeared on Schedule A of L & S Advisors, Inc
    Jun 23, 2021 · Control person joined · fact
  • Jay Jason Scott (Chief Compliance Officer) appeared on Schedule A of L & S Advisors, Inc
    Feb 7, 2020 · Control person joined · 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
310-893-6060reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
310-893-6070reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/l&s-advisors-inc.reportedpublic record, Form ADV, Sep 17, 2026
Website
LSADVISOR.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
310-893-6060reportedpublic record, Form ADV, Jun 26, 2026
Contact form
lsadvisors.com/about/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
Team page
lsadvisors.com/about/our-teamreportedpublished by the firm, firm site, Sep 15, 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
$96.9Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026