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Former SEC-registered adviser

N••••• A•••• M••••••••• L••

Former SEC-registered adviserWinston-Salem, North CarolinaCRD 145050SEC 801-68335IAPD
Latest filing Mar 29, 2023
First filing on the tape Dec 23, 2011 · 16 filings
RAUM
$946M
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
6
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$946M as of Mar 29, 2023
Mar 29, 2012$565M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 29, 2023
Mar 29, 20120 then
Employees (5.A)6 as of Mar 29, 2023
Mar 21, 20135 then
Private funds: no history
RAUM +44% over the last fiscal year+8.1% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 29, 2023; every figure names its basis
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
$189MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
21%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
+44%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 assetsreportedItem 5.E
Advisory activities
portfolio management for businesses and institutionsreportedItem 5.G
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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$201M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
5reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
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
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • H••••• S•••• E••••••••• · Chief Investment Officercontrol
        since 06/2021 · owns less than 5%
      • S••• Y• · Chief Compliance Officercontrol
        since 11/2022 · owns less than 5%
      Entity owners
      • N••••• H••••• I••• · Managing Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 5 to 6
        Nov 1, 2022 to Mar 29, 2023
      • Employees · 5 to 6
        Nov 1, 2022 to Mar 29, 2023
      • Discretionary RAUM · $655M to $946M
        Nov 1, 2022 to Mar 29, 2023
      • RAUM · $655M to $946M
        Nov 1, 2022 to Mar 29, 2023
      • Discretionary RAUM · $641M to $655M
        Aug 16, 2021 to Mar 21, 2022
      • RAUM · $641M to $655M
        Aug 16, 2021 to Mar 21, 2022
      • Advisory employees · 6 to 5
        Mar 26, 2020 to Mar 15, 2021
      • Employees · 6 to 5
        Mar 26, 2020 to Mar 15, 2021
      • Discretionary RAUM · $749M to $641M
        Mar 26, 2020 to Mar 15, 2021
      • RAUM · $749M to $641M
        Mar 26, 2020 to Mar 15, 2021
      • Discretionary RAUM · $800M to $749M
        Mar 21, 2019 to Mar 26, 2020
      • RAUM · $800M to $749M
        Mar 21, 2019 to Mar 26, 2020
      • Discretionary RAUM · $657M to $800M
        Mar 26, 2018 to Mar 21, 2019
      • RAUM · $657M to $800M
        Mar 26, 2018 to Mar 21, 2019
      • Advisory employees · 5 to 6
        Mar 28, 2017 to Mar 26, 2018
      • Employees · 5 to 6
        Mar 28, 2017 to Mar 26, 2018
      • Other offices · unset to 0.0
        Mar 28, 2017 to Mar 26, 2018
      • Discretionary RAUM · $680M to $657M
        Mar 28, 2017 to Mar 26, 2018
      • RAUM · $680M to $657M
        Mar 28, 2017 to Mar 26, 2018
      • Discretionary RAUM · $580M to $680M
        Mar 24, 2016 to Mar 28, 2017
      • RAUM · $580M to $680M
        Mar 24, 2016 to Mar 28, 2017
      • Discretionary RAUM · $616M to $580M
        Mar 20, 2015 to Mar 24, 2016
      • RAUM · $616M to $580M
        Mar 20, 2015 to Mar 24, 2016
      • Discretionary RAUM · $735M to $616M
        Mar 28, 2014 to Mar 20, 2015
      • RAUM · $735M to $616M
        Mar 28, 2014 to Mar 20, 2015
      • Accounts · 4 to 5
        Mar 21, 2013 to Mar 28, 2014
      • Discretionary RAUM · $558M to $735M
        Mar 21, 2013 to Mar 28, 2014
      • RAUM · $558M to $735M
        Mar 21, 2013 to Mar 28, 2014
      • Advisory employees · unset to 5.0
        Mar 29, 2012 to Mar 21, 2013
      • Employees · unset to 5.0
        Mar 29, 2012 to Mar 21, 2013
      • Discretionary RAUM · $565M to $558M
        Mar 29, 2012 to Mar 21, 2013
      • RAUM · $565M to $558M
        Mar 29, 2012 to Mar 21, 2013
      • Discretionary RAUM · $594M to $565M
        Dec 23, 2011 to Mar 29, 2012
      • RAUM · $594M to $565M
        Dec 23, 2011 to Mar 29, 2012
      Signals
      5 dated events
      • N••••• A•••• M••••••••• L•• reported RAUM $945.8M, up 44% from $654.7M (2022-11-01 to 2023-03-29)
        Mar 29, 2023 · RAUM change · derived
      • Yi Sun (Chief Compliance Officer) appeared on Schedule A of N••••• A•••• M••••••••• L••
        Nov 1, 2022 · Control person joined · fact
      • Joseph John Muster (Chief Compliance Officer) no longer on Schedule A of N••••• A•••• M••••••••• L•• (listed 2022-05-03, absent 2022-11-01)
        Nov 1, 2022 · Control person left · inference
      • Forrest Wayne Morgan (Chief Investment Officer) no longer on Schedule A of N••••• A•••• M••••••••• L•• (listed 2021-03-15, absent 2021-08-16)
        Aug 16, 2021 · Control person left · inference
      • E••••••••• S••• H•••• (Chief Investment Officer) appeared on Schedule A of N••••• A•••• M••••••••• L••
        Aug 16, 2021 · 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.
      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