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

B•••••• • J••••••••• L••

Former SEC-registered adviserMill Valley, CaliforniaCRD 146178SEC 801-69337IAPD
Latest filing Oct 27, 2021
First filing on the tape Dec 23, 2011 · 43 filings
RAUM
$2.3B
reported, Item 5.F
Discretionary
60%
of RAUM
Private clients
53%
$1.2B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
20
9 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$2.3B as of Mar 31, 2021
Mar 30, 2012$980M then
HNW client RAUM$1.1B as of Mar 31, 2021
Mar 29, 2018$943M then
State-registered IARs (5.B.3)9 as of Mar 31, 2021
Mar 30, 20120 then
Employees (5.A)20 as of Mar 31, 2021
Mar 21, 201314 then
Private funds: no history
RAUM +30% over the last fiscal year+12% a year over threeIARs 7 to 9
Practice profile
derived from the filing of Oct 27, 2021; every figure names its basis
RAUM per advisor
$257MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
77derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.6MderivedHNW RAUM over HNW clients
Average account
$1.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
60%derivedof RAUM
Institutional
47%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.2derivedItem 5.A over advisors
Advisors per office
9.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+30%derivedbetween the last two annual amendments
Advisor growth, one year
+29%derivedItem 5.B.3 between annual amendments
Client growth, one year
-1.8%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisers, educational seminarsreportedItem 5.G
Financial planning clients
1,000reportedItem 5.H
Custody
$45.8M, 36 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$1.1B49%
  • Pension and profit-sharing plans$1.1B46%
  • Individuals$94.6M4.1%
  • Charitable organizations$13.5M0.6%
  • Corporations and businesses$7.8M0.3%
Individual clients
264reported
HNW clients
429reported
Pension plan clients
57reported
Charitable clients
9reported
Accounts
1,920reported
Financial planning clients
1,000reported
Wrap fee programs
noreported
Custody of client assets
$45.8M for 36 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
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
    • J••••••••• S••••••• R•••••• · Elected Manager, President, Chief Executive Officercontrol
      since 01/2008 · owns 5% to 10%
    • P•••• M••••••• · Chief Operating Officer/Chief Compliance Officercontrol
      since 07/2014 · owns 10% to 25%
    • J••••••••• S••••••• R•••••• · Manager, Member Class A Sharescontrol
      since 01/2008 · owns 75% or more of B•••••• • J••••••••• I•••••••••
    • A••••••• C••••••••• K• I• · Vice President, Member
      since 01/2011 · owns 5% to 10%
    • L••• R••• · Vice President, Member
      since 08/2008 · owns 5% to 10%
    • S••••• J•••• H••• · Vice President, Member
      since 11/2008 · owns 5% to 10%
    • T•••••••• C••••••••• W•••••• · Chief Investment Strategist, Member
      since 12/2015 · owns 5% to 10%
    Entity owners
    • B•••••• • J••••••••• I••••••••• · Member
      direct · owns 50% to 75%
    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
    • Assets in custody · $58.6M to $45.8M
      Sep 29, 2021 to Oct 27, 2021
    • Accounts · 1,771 to 1,920
      Jul 9, 2020 to Mar 31, 2021
    • Advisory employees · 8 to 9
      Jul 9, 2020 to Mar 31, 2021
    • Charity clients · 5 to 9
      Jul 9, 2020 to Mar 31, 2021
    • Corporate clients · 10 to 4
      Jul 9, 2020 to Mar 31, 2021
    • HNW clients · 431 to 429
      Jul 9, 2020 to Mar 31, 2021
    • Individual clients · 275 to 264
      Jul 9, 2020 to Mar 31, 2021
    • Pension plan clients · 35 to 57
      Jul 9, 2020 to Mar 31, 2021
    • Assets in custody · $55.8M to $58.6M
      Jul 9, 2020 to Mar 31, 2021
    • State-registered IARs · 7 to 9
      Jul 9, 2020 to Mar 31, 2021
    • Discretionary RAUM · $1.1B to $1.4B
      Jul 9, 2020 to Mar 31, 2021
    • HNW RAUM · $933M to $1.1B
      Jul 9, 2020 to Mar 31, 2021
    • Individual RAUM · $82.3M to $94.6M
      Jul 9, 2020 to Mar 31, 2021
    • Non-discretionary RAUM · $686M to $932M
      Jul 9, 2020 to Mar 31, 2021
    • Pension RAUM · $727M to $1.1B
      Jul 9, 2020 to Mar 31, 2021
    • RAUM · $1.8B to $2.3B
      Jul 9, 2020 to Mar 31, 2021
    • Accounts · 1,766 to 1,771
      Jul 2, 2019 to Mar 30, 2020
    • Advisory employees · 9 to 8
      Jul 2, 2019 to Mar 30, 2020
    • Charity clients · unset to 5.0
      Jul 2, 2019 to Mar 30, 2020
    • Corporate clients · 13 to 10
      Jul 2, 2019 to Mar 30, 2020
    • HNW clients · 423 to 431
      Jul 2, 2019 to Mar 30, 2020
    • Individual clients · 266 to 275
      Jul 2, 2019 to Mar 30, 2020
    • Pension plan clients · 34 to 35
      Jul 2, 2019 to Mar 30, 2020
    • Assets in custody · $53.6M to $55.8M
      Jul 2, 2019 to Mar 30, 2020
    • Employees · 21 to 20
      Jul 2, 2019 to Mar 30, 2020
    • State-registered IARs · 8 to 7
      Jul 2, 2019 to Mar 30, 2020
    • Discretionary RAUM · $1.2B to $1.1B
      Jul 2, 2019 to Mar 30, 2020
    • HNW RAUM · $990M to $933M
      Jul 2, 2019 to Mar 30, 2020
    • Individual RAUM · $85.5M to $82.3M
      Jul 2, 2019 to Mar 30, 2020
    • Non-discretionary RAUM · $633M to $686M
      Jul 2, 2019 to Mar 30, 2020
    • Pension RAUM · $672M to $727M
      Jul 2, 2019 to Mar 30, 2020
    • RAUM · $1.8B to $1.8B
      Jul 2, 2019 to Mar 30, 2020
    • Accounts · 1,679 to 1,766
      Feb 13, 2019 to Mar 29, 2019
    • Charity clients · 8.0 to unset
      Feb 13, 2019 to Mar 29, 2019
    • Corporate clients · 7 to 13
      Feb 13, 2019 to Mar 29, 2019
    • HNW clients · 350 to 423
      Feb 13, 2019 to Mar 29, 2019
    • Individual clients · 229 to 266
      Feb 13, 2019 to Mar 29, 2019
    • Pension plan clients · 37 to 34
      Feb 13, 2019 to Mar 29, 2019
    • Assets in custody · $44.3M to $53.6M
      Feb 13, 2019 to Mar 29, 2019
    • Employees · 20 to 21
      Feb 13, 2019 to Mar 29, 2019
    Signals
    9 dated events
    • S••••• L• R•••••• left B•••••• • J••••••••• L•• for C••••• P••••••• L•• (registered 2025-01-01)
      Jan 3, 2022 · Advisor changed firm · fact
    • D••••• K•• S•••• left B•••••• • J••••••••• L•• for C••••• P••••••• L•• (registered 2022-01-10)
      Jan 3, 2022 · Advisor changed firm · fact
    • R••• A•••• N••••••• left B•••••• • J••••••••• L•• for C••••• P••••••• L•• (registered 2022-01-10)
      Jan 3, 2022 · Advisor changed firm · fact
    • J••• H••• S•••• left B•••••• • J••••••••• L•• for C••••• P••••••• L•• (registered 2022-01-10)
      Jan 3, 2022 · Advisor changed firm · fact
    • A••• P•••••• J••••••• left B•••••• • J••••••••• L•• for C••••• P••••••• L•• (registered 2022-01-10)
      Jan 3, 2022 · Advisor changed firm · fact
    • C••••••••• K• I• A•••••• left B•••••• • J••••••••• L•• for C••••• P••••••• L•• (registered 2022-01-10)
      Jan 3, 2022 · Advisor changed firm · fact
    • R••• W• L•• left B•••••• • J••••••••• L•• for C••••• P••••••• L•• (registered 2022-01-10)
      Jan 3, 2022 · Advisor changed firm · fact
    • B•••••• • J••••••••• L••'s advisors moved to C••••• P••••••• L•• (Mill Valley, CA): 7 of 7 registered, on the same day
      Jan 3, 2022 · Firm absorbed (people side) · derived
    • B•••••• • J••••••••• L•• reported RAUM $2.3B, up 30% from $1.8B (2020-07-09 to 2021-03-31)
      Mar 31, 2021 · 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