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

D•••••• C•••••• M••••••••• L••

Former SEC-registered adviserPhoenix, ArizonaCRD 147074SEC 801-77276IAPD
Latest filing May 21, 2021
First filing on the tape Oct 15, 2012 · 51 filings
RAUM
$292M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$291M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
51 filings and snapshots on the tape
RAUM$272M as of Jan 25, 2021
Mar 18, 2013$125M then
HNW client RAUM$185M as of Jan 25, 2021
Mar 29, 2018$32.2M then
State-registered IARs (5.B.3)2 as of Jan 25, 2021
Mar 18, 20131 then
Employees (5.A)4 as of Jan 25, 2021
Mar 18, 20133 then
Private funds1 as of Feb 6, 2014
Mar 18, 20131 then
RAUM +34% over the last fiscal year+9.3% a year over threeIARs 2 to 2
Practice profile
derived from the filing of May 21, 2021; every figure names its basis
RAUM per advisor
$146MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
138derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.9MderivedHNW RAUM over HNW clients
Average account
$1.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+25%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-17%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
Custody
$109M, 235 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)
  • has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$192M66%
  • Individuals$99.2M34%
  • Pension and profit-sharing plans$1.1M0.4%
Individual clients
172reported
HNW clients
103reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
276reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$109M for 235 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
Joined, latest
none on the tape
    Every departureEvery arrival
    Private funds
    1 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    D•••••• P•••••• L•no longer reportedHedge Fund$5.6M21Oct 15, 2012
    Owners and control persons
    Schedule A and B, latest filing
    • D••••••• K••••• P••• · Ceo, President & Ccocontrol
      since 08/1993 · owns less than 5%
    • D••••••• K••••• P••• · Activecontrol
      since 08/1993 · owns F of T•• K•••• D•••••• S••• A•• S••••••• P••••••• T••••• U•• 0••••••••• A•••••• A•• R••••••• 0••••••••• K•••• P• D•••••• A• T••••••
    Entity owners
    • T•• K•••• D•••••• S••• A•• S••••••• P••••••• T••••• U•• 0••••••••• A•••••• A•• R••••••• 0••••••••• K•••• P• D•••••• A• T•••••• · Owner
      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
    • HQ city · SCOTTSDALE to PHOENIX
      Apr 20, 2021 to May 18, 2021
    • Accounts · 620 to 276
      Feb 9, 2021 to Apr 20, 2021
    • HNW clients · 167 to 103
      Feb 9, 2021 to Apr 20, 2021
    • Individual clients · 100 to 172
      Feb 9, 2021 to Apr 20, 2021
    • Assets in custody · $105M to $109M
      Feb 9, 2021 to Apr 20, 2021
    • Discretionary RAUM · $282M to $292M
      Feb 9, 2021 to Apr 20, 2021
    • HNW RAUM · $187M to $192M
      Feb 9, 2021 to Apr 20, 2021
    • Individual RAUM · $94.0M to $99.2M
      Feb 9, 2021 to Apr 20, 2021
    • Pension RAUM · $1.1M to $1.1M
      Feb 9, 2021 to Apr 20, 2021
    • RAUM · $282M to $292M
      Feb 9, 2021 to Apr 20, 2021
    • Accounts · 614 to 620
      Jan 25, 2021 to Feb 9, 2021
    • HNW clients · 106 to 167
      Jan 25, 2021 to Feb 9, 2021
    • Individual clients · 158 to 100
      Jan 25, 2021 to Feb 9, 2021
    • Discretionary RAUM · $272M to $282M
      Jan 25, 2021 to Feb 9, 2021
    • HNW RAUM · $185M to $187M
      Jan 25, 2021 to Feb 9, 2021
    • Individual RAUM · $85.5M to $94.0M
      Jan 25, 2021 to Feb 9, 2021
    • Pension RAUM · $1.0M to $1.1M
      Jan 25, 2021 to Feb 9, 2021
    • RAUM · $272M to $282M
      Jan 25, 2021 to Feb 9, 2021
    • Accounts · 601 to 614
      Nov 18, 2020 to Jan 25, 2021
    • HNW clients · 81 to 106
      Nov 18, 2020 to Jan 25, 2021
    • Individual clients · 178 to 158
      Nov 18, 2020 to Jan 25, 2021
    • Assets in custody · $48.1M to $105M
      Nov 18, 2020 to Jan 25, 2021
    • Financial planning clients · 1-10 to 0
      Nov 18, 2020 to Jan 25, 2021
    • Discretionary RAUM · $251M to $272M
      Nov 18, 2020 to Jan 25, 2021
    • HNW RAUM · $151M to $185M
      Nov 18, 2020 to Jan 25, 2021
    • Individual RAUM · $99.1M to $85.5M
      Nov 18, 2020 to Jan 25, 2021
    • Pension RAUM · $967,423 to $1.0M
      Nov 18, 2020 to Jan 25, 2021
    • RAUM · $251M to $272M
      Nov 18, 2020 to Jan 25, 2021
    • Accounts · 575 to 601
      Nov 5, 2020 to Nov 18, 2020
    • HNW clients · 66 to 81
      Nov 5, 2020 to Nov 18, 2020
    • Individual clients · 251 to 178
      Nov 5, 2020 to Nov 18, 2020
    • Discretionary RAUM · $216M to $251M
      Nov 5, 2020 to Nov 18, 2020
    • HNW RAUM · $118M to $151M
      Nov 5, 2020 to Nov 18, 2020
    • Individual RAUM · $97.3M to $99.1M
      Nov 5, 2020 to Nov 18, 2020
    • Non-discretionary RAUM · $2.1M to $0
      Nov 5, 2020 to Nov 18, 2020
    • Pension RAUM · $2.3M to $967,423
      Nov 5, 2020 to Nov 18, 2020
    • RAUM · $218M to $251M
      Nov 5, 2020 to Nov 18, 2020
    • Accounts · 573 to 575
      Nov 7, 2019 to Mar 2, 2020
    • HNW clients · 68 to 66
      Nov 7, 2019 to Mar 2, 2020
    • Individual clients · 186 to 251
      Nov 7, 2019 to Mar 2, 2020
    Signals
    1 dated events
    • D•••••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
      Oct 15, 2012 · First SEC registration · 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