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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
SEC-registered adviser
P••• S•••• P••••••• L••
Latest filing Nov 12, 2025
First filing on the tape Feb 27, 2012 · 28 filings
SEC status approved since Nov 28, 2007
RAUM
$110M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$15.7M
derived; firm RAUM over IAPD count
Employees
7
5 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
1
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$110M as of Nov 12, 2025
Oct 18, 2012$33.5M then
HNW client RAUM: no history
State-registered IARs (5.B.3)7 as of Nov 12, 2025
Oct 18, 20120 then
Employees (5.A)7 as of Nov 12, 2025
Nov 8, 20136 then
Private funds1 as of Nov 12, 2025
Oct 18, 20121 then
RAUM +6.6% over the last fiscal year+1.6% a year over threeIARs 12 to 7offices 3 to 2
Practice profile
derived from the filing of Nov 12, 2025; every figure names its basis
- RAUM per advisor
- $15.7MderivedRAUM 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
- $22.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 2.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +12%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 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 vehiclesreportedItem 5.G
- Custody
- $87.0M, 4 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
- Pooled investment vehicles$110M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 5reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $87.0M for 4 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=2.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
2 left, 0 joined in 12 months
net -2 in 12 months2 left in 90 days0 joined in 90 daysdeparture rate 29% of current headcount3 left over 36 months
Left, latest
- N••••• M•••• J••••••• to H••• W••••• A•••••••Jul 24, 2026 · Other
- J••••••• L•• D• L•••••• to H••• W••••• A•••••••Jul 24, 2026 · Other
- D••••• W••••••• to J••• M••••• S••••••••• L••Feb 21, 2025 · Other
Joined, latest
none on the tape
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for H••• W••••• A•••••••Jul 24, 2026 · Naples, Fl
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| P••• S•••• O••••••••• F••• L•• | Hedge Fund | $95.0M | 1 | Feb 27, 2012 |
Owners and control persons
Schedule A and B, latest filing
- B•••• D••• E• · Managercontrolsince 06/2007 · owns less than 5%
- C••••• S••••• A•••• · Chief Operating Officercontrolsince 09/2009 · owns less than 5%
- W•••••••• M••••••• G•••••• · Chief Compliance Officercontrolsince 09/2011 · owns less than 5%
- W••••••••• A••••••• B•••• · Portfolio Managercontrolsince 06/2007 · owns less than 5%
Entity owners
- H•• S•••• F•••••••• L•• · Parent Companydirect · owns 75% or more
- H•• S•••• H••••••• L•• · Ownerindirect · owns 75% or more of H•• S•••• F•••••••• L••
- H••• B•••• • K••• F•••••••• H••••••• L•• · Ownerindirect · owns 50% to 75% of H•• S•••• H••••••• L••
Related persons
Schedule D 7.A
- E•••• L••• M••••••••• L••investment advisernRAUM $147M
- H••• W••••• A•••••••investment advisernRAUM $7.7B
- H•• S•••• B•••••••• L••broker-dealern
- H•• S•••• I•••••••• L••real estaten
- H•••• B•••• A•• K••• L••insurancen
Advisers that list P••• S•••• P••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Naples, Fl | 3 | 0 | 2 | 1 | |
| Warrendale, Pa | 3 | 0 | 0 | ||
| Erie, Pa · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Naples, FL7 employees
- Warrendale, PA3 employees
What changed
consecutive filings, newest first
- Advisory employees · 10 to 5Jul 8, 2025 to Nov 12, 2025
- Assets in custody · $95.0M to $87.0MJul 8, 2025 to Nov 12, 2025
- Employees · 12 to 7Jul 8, 2025 to Nov 12, 2025
- Insurance-licensed employees · 12 to 7Jul 8, 2025 to Nov 12, 2025
- Financial planning clients · 0 to 0Jul 8, 2025 to Nov 12, 2025
- State-registered IARs · 12 to 7Jul 8, 2025 to Nov 12, 2025
- Discretionary RAUM · $115M to $110MJul 8, 2025 to Nov 12, 2025
- Pooled vehicle RAUM · $115M to $110MJul 8, 2025 to Nov 12, 2025
- RAUM · $115M to $110MJul 8, 2025 to Nov 12, 2025
- Advisory employees · 12 to 10Jul 15, 2024 to Nov 1, 2024
- BD registered reps · 1 to 2Jul 15, 2024 to Nov 1, 2024
- Assets in custody · $103M to $95.0MJul 15, 2024 to Nov 1, 2024
- Other offices · 3 to 2Jul 15, 2024 to Nov 1, 2024
- Discretionary RAUM · $103M to $115MJul 15, 2024 to Nov 1, 2024
- Pooled vehicle RAUM · $103M to $115MJul 15, 2024 to Nov 1, 2024
- RAUM · $103M to $115MJul 15, 2024 to Nov 1, 2024
- Accounts · 3 to 5Aug 16, 2023 to Nov 9, 2023
- Pooled vehicle clients · 3 to 5Aug 16, 2023 to Nov 9, 2023
- Assets in custody · $109M to $103MAug 16, 2023 to Nov 9, 2023
- Other offices · 2 to 3Aug 16, 2023 to Nov 9, 2023
- Discretionary RAUM · $109M to $103MAug 16, 2023 to Nov 9, 2023
- Pooled vehicle RAUM · $109M to $103MAug 16, 2023 to Nov 9, 2023
- RAUM · $109M to $103MAug 16, 2023 to Nov 9, 2023
- Advisory employees · 8 to 12Jan 12, 2023 to Aug 16, 2023
- Employees · 9 to 12Jan 12, 2023 to Aug 16, 2023
- Insurance-licensed employees · 9 to 12Jan 12, 2023 to Aug 16, 2023
- State-registered IARs · 9 to 12Jan 12, 2023 to Aug 16, 2023
- Other offices · 1 to 2Jan 12, 2023 to Aug 16, 2023
- Accounts · 2 to 3Nov 1, 2022 to Jan 12, 2023
- Pooled vehicle clients · 2 to 3Nov 1, 2022 to Jan 12, 2023
- Advisory employees · 7 to 8Sep 16, 2021 to Nov 1, 2022
- Assets in custody · $105M to $109MSep 16, 2021 to Nov 1, 2022
- Employees · 8 to 9Sep 16, 2021 to Nov 1, 2022
- Insurance-licensed employees · 8 to 9Sep 16, 2021 to Nov 1, 2022
- State-registered IARs · 8 to 9Sep 16, 2021 to Nov 1, 2022
- Discretionary RAUM · $105M to $109MSep 16, 2021 to Nov 1, 2022
- Pooled vehicle RAUM · $105M to $109MSep 16, 2021 to Nov 1, 2022
- RAUM · $105M to $109MSep 16, 2021 to Nov 1, 2022
- Advisory employees · 5 to 7Oct 30, 2020 to Sep 16, 2021
- Assets in custody · $83.2M to $105MOct 30, 2020 to Sep 16, 2021
Signals
7 dated events
- N••••• M•••• J••••••• left P••• S•••• P••••••• L•• for H••• W••••• A••••••• (registered 2021-07-15)Jul 24, 2026 · Advisor changed firm · fact
- 2 advisors left P••• S•••• P••••••• L•• (Naples, FL) for H••• W••••• A••••••• on the same dayJul 24, 2026 · Team lift-out · derived
- J••••••• L•• D• L•••••• left P••• S•••• P••••••• L•• for H••• W••••• A••••••• (registered 2021-07-29)Jul 24, 2026 · Advisor changed firm · fact
- D••••• W••••••• left P••• S•••• P••••••• L•• for J••• M••••• S••••••••• L•• (registered 2025-08-19)Feb 21, 2025 · Advisor changed firm · fact
- Allan Scott Cross (Chief Operating Officer) appeared on Schedule A of P••• S•••• P••••••• L••Jul 15, 2024 · Control person joined · fact
- William Brian Mallette (Member) no longer on Schedule A of P••• S•••• P••••••• L•• (listed 2023-08-16, absent 2023-11-09)Nov 9, 2023 · Control person left · inference
- William Brian Mallette (Member) appeared on Schedule A of P••• S•••• P••••••• L••Sep 16, 2021 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- P••• S•••• P••••••• L•• · Private Equityshared crd · intermediary
How to reach
public business contact points only, each with its source
- Principal office phone
- 814-836-5776reportedpublic record, Form ADV, Nov 12, 2025
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
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $15.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026