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

H••••••••• L••

Former SEC-registered adviserSan Diego, CaliforniaCRD 141125SEC 801-67037IAPD
Latest filing May 3, 2024
First filing on the tape Mar 27, 2012 · 33 filings
RAUM
$3.4B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
94%
$3.2B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
64
28 advisory (5.B.1)
Offices
6
beyond the principal office
Private funds
0
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$3.4B as of Mar 31, 2024
Mar 27, 2012$467M then
HNW client RAUM$2.9B as of Mar 31, 2024
Mar 29, 2018$851M then
State-registered IARs (5.B.3)28 as of Mar 31, 2024
Mar 27, 20130 then
Employees (5.A)64 as of Mar 31, 2024
Mar 27, 201319 then
Private funds1 as of Mar 30, 2016
Mar 27, 20121 then
RAUM +11% over the last fiscal year+7.8% a year over threeIARs 21 to 28
Practice profile
derived from the filing of May 3, 2024; every figure names its basis
RAUM per advisor
$123MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
60derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.6MderivedHNW RAUM over HNW clients
Average account
$632,057derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
4.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.3derivedItem 5.A over advisors
Advisors per office
4.0derived7 offices incl. principal (1.F.5)
RAUM growth, one year
+11%derivedbetween the last two annual amendments
Advisor growth, one year
+33%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.4%derived
Compensation
percentage of assets, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminars, otherreportedItem 5.G
Custody
$5.3M, 6 clientsreportedItem 9.A
Ownership
a PE fund or sponsor is a 25 percent or greater owner 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)
  • controlled by a public reporting company (10.A)
  • marketing includes testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$2.9B85%
  • Individuals$308M9.0%
  • Pension and profit-sharing plans$82.8M2.4%
  • State and municipal entities$72.1M2.1%
  • Corporations and businesses$36.2M1.1%
  • Charitable organizations$6.1M0.2%
Individual clients
885reported
HNW clients
807reported
Pension plan clients
18reported
Charitable clients
6reported
Accounts
5,427reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
$5.3M for 6 clientsreported
Compensation
% of AUM, fixedreported
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
Joined, latest
Private funds
1 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
E••••••• I••••• F••• I•no longer reportedReal Estate Fund$1.2M48Mar 27, 2012
Owners and control persons
Schedule A and B, latest filing
  • D••••••• M•••• J•••• · Chief Executive Officercontrol
    since 03/2008 · owns less than 5%
  • B••••• B•••• · Chief Financial Officer
    since 04/2021 · owns less than 5%
  • E••••••• H••••••• B•••• · Chief Compliance Officer/Chief O•••••••• Officer
    since 12/2020 · owns less than 5%
  • W••••••••• V••••••• H••• · Chief Investment Officer
    since 12/2020 · owns less than 5%
Entity owners
  • F•••• O••••••••• L•• · Member (Manager)
    direct · owns 75% or more
  • C••• F•••••••• C••••••••• L••• · Partner
    indirect · owns 25% to 50% of C••• F•••••••• H•••••••• L•••
  • C••• F•••••••• H•••••••• L••• · Partner
    indirect · owns 50% to 75% of F•••••••• F•• U••••••• H•••••••• L•
  • C••••••• D••••••• • R••• F••• X••• L••• · Partner
    indirect · owns 50% to 75% of C••• F•••••••• H•••••••• L•••
  • F•••••••• F•• A••••••••• L•• · Shareholder, Class A Common Stock
    indirect · owns 75% or more of F•••• F•••••••• P••••••• I•••
  • F•••••••• F•• I••••••••• H•••••••• L•• · Member
    indirect · owns 75% or more of F•••••••• F•• A••••••••• L••
  • F•••••••• F•• P•••••• I••• · Member
    indirect · owns 75% or more of F•••••••• F•• I••••••••• H•••••••• L••
  • F•••••••• F•• U••••••• H•••••••• L• · Shareholder, Class B Common Stock
    indirect · owns 75% or more of F•••• F•••••••• P••••••• I•••
  • F•••••••• F•• U••••••• H•••••••• L• · Shareholder
    indirect · owns 75% or more of F•••••••• F•• P•••••• I•••
  • F•••• F•••••••• P••••••• I••• · Member
    indirect · owns 75% or more of F•••• F•••••••• P•••••••• L••
  • F•••• F•••••••• P•••••••• L•• · Member
    indirect · owns 75% or more of F•••• O••••••••• L••
Related persons
Schedule D 7.A
No related person reported.
Advisers that list H••••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Phoenix, Az000
San Diego, Ca · principal000
Santa Monica, Ca000
Offices
Schedule D 1.F, the 25 largest
  • Santa Monica, CA8 employees
  • Phoenix, AZ5 employees
  • Sacramento, CA3 employees
  • , 1 employees
What changed
consecutive filings, newest first
  • Accounts · 5,169 to 5,427
    Sep 28, 2023 to Mar 31, 2024
  • Advisory employees · 21 to 28
    Sep 28, 2023 to Mar 31, 2024
  • Charity clients · 3 to 6
    Sep 28, 2023 to Mar 31, 2024
  • Corporate clients · 11 to 10
    Sep 28, 2023 to Mar 31, 2024
  • HNW clients · 738 to 807
    Sep 28, 2023 to Mar 31, 2024
  • Individual clients · 947 to 885
    Sep 28, 2023 to Mar 31, 2024
  • Pension plan clients · 2 to 18
    Sep 28, 2023 to Mar 31, 2024
  • Assets in custody · $161M to $5.3M
    Sep 28, 2023 to Mar 31, 2024
  • Employees · 62 to 64
    Sep 28, 2023 to Mar 31, 2024
  • State-registered IARs · 21 to 28
    Sep 28, 2023 to Mar 31, 2024
  • Discretionary RAUM · $3.1B to $3.4B
    Sep 28, 2023 to Mar 31, 2024
  • HNW RAUM · $2.6B to $2.9B
    Sep 28, 2023 to Mar 31, 2024
  • Individual RAUM · $326M to $308M
    Sep 28, 2023 to Mar 31, 2024
  • Non-discretionary RAUM · $0 to $17.4M
    Sep 28, 2023 to Mar 31, 2024
  • Pension RAUM · $68.1M to $82.8M
    Sep 28, 2023 to Mar 31, 2024
  • RAUM · $3.1B to $3.4B
    Sep 28, 2023 to Mar 31, 2024
  • Accounts · 4,312 to 5,169
    Jul 6, 2022 to Mar 31, 2023
  • Advisory employees · 19 to 21
    Jul 6, 2022 to Mar 31, 2023
  • Corporate clients · 9 to 11
    Jul 6, 2022 to Mar 31, 2023
  • HNW clients · 713 to 738
    Jul 6, 2022 to Mar 31, 2023
  • Individual clients · 670 to 947
    Jul 6, 2022 to Mar 31, 2023
  • Assets in custody · $106M to $161M
    Jul 6, 2022 to Mar 31, 2023
  • Employees · 47 to 62
    Jul 6, 2022 to Mar 31, 2023
  • State-registered IARs · 13 to 21
    Jul 6, 2022 to Mar 31, 2023
  • Other offices · 3 to 6
    Jul 6, 2022 to Mar 31, 2023
  • Discretionary RAUM · $3.2B to $3.1B
    Jul 6, 2022 to Mar 31, 2023
  • HNW RAUM · $2.8B to $2.6B
    Jul 6, 2022 to Mar 31, 2023
  • Individual RAUM · $245M to $326M
    Jul 6, 2022 to Mar 31, 2023
  • Pension RAUM · $130M to $68.1M
    Jul 6, 2022 to Mar 31, 2023
  • RAUM · $3.2B to $3.1B
    Jul 6, 2022 to Mar 31, 2023
  • Accounts · 3,982 to 4,312
    Jan 20, 2022 to Mar 31, 2022
  • Advisory employees · 27 to 19
    Jan 20, 2022 to Mar 31, 2022
  • Charity clients · 6 to 3
    Jan 20, 2022 to Mar 31, 2022
  • Corporate clients · 8 to 9
    Jan 20, 2022 to Mar 31, 2022
  • HNW clients · 632 to 713
    Jan 20, 2022 to Mar 31, 2022
  • Individual clients · 650 to 670
    Jan 20, 2022 to Mar 31, 2022
  • Pension plan clients · 20 to 2
    Jan 20, 2022 to Mar 31, 2022
  • Assets in custody · $67.2M to $106M
    Jan 20, 2022 to Mar 31, 2022
  • Employees · 50 to 47
    Jan 20, 2022 to Mar 31, 2022
  • State-registered IARs · 20 to 13
    Jan 20, 2022 to Mar 31, 2022
Signals
29 dated events
  • 4 advisors left H••••••••• L•• (Phoenix, AZ) for F•••• P••••••• W•••••• L•• on the same day
    Nov 21, 2024 · Team lift-out · derived
  • J••••• P••• K••••••••• left H••••••••• L•• for K•••• W••••• L•• (registered 2024-07-22)
    Nov 21, 2024 · Advisor changed firm · fact
  • J•••• N••••• B•••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-17)
    Nov 21, 2024 · Advisor changed firm · fact
  • T• A••• S•••••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-03)
    Nov 21, 2024 · Advisor changed firm · fact
  • E••• C•••••• D•••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-03)
    Nov 21, 2024 · Advisor changed firm · fact
  • S••••• L• R••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-12)
    Nov 21, 2024 · Advisor changed firm · fact
  • I•••• Z•••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-03)
    Nov 21, 2024 · Advisor changed firm · fact
  • J•••• P•••••• C••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-05)
    Nov 21, 2024 · Advisor changed firm · fact
  • K•••••••• P•••••••• S•••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-03)
    Nov 21, 2024 · Advisor changed firm · fact
  • K••• P• W••••••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-03)
    Nov 21, 2024 · Advisor changed firm · fact
  • D•••• S•••••• T••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-12)
    Nov 21, 2024 · Advisor changed firm · fact
  • J•••• L••• A••••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-03)
    Nov 21, 2024 · Advisor changed firm · fact
  • R••••• T••••• C••••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-06)
    Nov 21, 2024 · Advisor changed firm · fact
  • C•••••• D••• E••••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-03)
    Nov 21, 2024 · Advisor changed firm · fact
  • K•••• D•••• H•••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-12)
    Nov 21, 2024 · Advisor changed firm · fact
  • L•••• W•••• K•••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-03)
    Nov 21, 2024 · Advisor changed firm · fact
  • B••••• E•••••••• W••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-03)
    Nov 21, 2024 · Advisor changed firm · fact
  • C•••• M•••••• C••••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-03)
    Nov 21, 2024 · Advisor changed firm · fact
  • V•••••• H••• W•••••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-03)
    Nov 21, 2024 · Advisor changed firm · fact
  • V••••• I•••• E••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-03)
    Nov 21, 2024 · Advisor changed firm · fact
  • B•••••• M•••••• B•• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-03)
    Nov 21, 2024 · Advisor changed firm · fact
  • R••••• M•• L•••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-04)
    Nov 21, 2024 · Advisor changed firm · fact
  • C•••••• R••••••• G••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-03)
    Nov 21, 2024 · Advisor changed firm · fact
  • E•••••••• C••••••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2026-01-28)
    Nov 21, 2024 · Advisor changed firm · fact
  • P•••• W•••••• M•••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-03)
    Nov 21, 2024 · Advisor changed firm · fact
  • A•••• N••••• S•••••• left H••••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2024-09-03)
    Nov 21, 2024 · Advisor changed firm · fact
  • H••••••••• L••'s advisors moved to F•••• P••••••• W•••••• L•• (San Diego, CA): 20 of 25 registered, on the same day
    Nov 21, 2024 · Firm absorbed (people side) · derived
  • J••• R••• O•••••••• left H••••••••• L•• for U•••••• W••••• M••••••••• L•• (registered 2022-01-12)
    Jan 24, 2022 · Advisor changed firm · fact
  • H••••••••• L•• reported RAUM $2.4B, up 25% from $1.9B (2020-06-30 to 2020-10-01)
    Oct 1, 2020 · 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
Across the graphs

H••••••••• L•• is the same institution as 1 record in Real Estate Funds.

Real Estate Funds1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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