DFX Intelligence

RIA Intelligence

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SEC-registered adviser

L••••• I•••••••• L••

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 147284SEC 801-69277website IAPD

Latest filing Mar 30, 2026

First filing on the tape Mar 26, 2012 · 33 filings

SEC status approved since Jul 11, 2008

RAUM

$233M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

0.0%

$0 individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

n/a

derived; firm RAUM over IAPD count

Employees

2 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

33 filings and snapshots on the tape

RAUM$233M as of Mar 30, 2026

Mar 26, 2012$132M then

HNW client RAUM: no history

State-registered IARs (5.B.3)0 as of Mar 30, 2026

Mar 26, 20120 then

Employees (5.A)2 as of Mar 30, 2026

Mar 15, 20137 then

Private funds1 as of Mar 30, 2026

Mar 26, 20123 then

RAUM +4.3% over the last fiscal year-7.9% a year over threeIARs 0 to 0

Practice profile

derived from the filing of Mar 30, 2026; 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: $38.8MderivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 30%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: +4.3%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 assets, performance-basedreportedItem 5.E
Advisory activities: portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody: $21.8M, 1 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

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)
a related person has custody of client cash (9.B.1.a)
a related person has custody of client securities (9.B.1.b)
an independent public accountant performs a surprise examination (9.C.1)

Where the RAUM sits

Form ADV Item 5.D, latest filing

Pooled investment vehicles$163M70%
Pension and profit-sharing plans$69.4M30%

Individual clients: n/areported
HNW clients: n/areported
Pension plan clients: 2reported
Charitable clients: n/areported
Accounts: 6reported
Financial planning clients: reported
Wrap fee programs: noreported
Custody of client assets: $21.8M for 1 clientsreported
Compensation: % of AUM, performancereported
Class basis: private_client_share=0.0 fund_share=0.7 institutional_share=0.3 related_bd=false related_bank=false bd_reps=0.0derived

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 departure Every arrival

Private funds

4 reported on Schedule D 7.B.(1)

Fund	Type	Gross assets	Owners	First reported
L••••• I••••••••• F••• L••no longer reported	Hedge Fund	$279M	92	Mar 26, 2012
L••••• I••••••••• M••••• F••• L•••	Hedge Fund	$29.5M	24	Mar 26, 2012
L••••• G••••• F••• L•no longer reported	Hedge Fund	$959,985	3	Mar 12, 2014
L••••• I••••••••• F••• ••••••• L•••no longer reported	Hedge Fund	$0	0	Mar 26, 2012

Owners and control persons

Schedule A and B, latest filing

H•••••• T•••••• L••••• · Chief Compliance Officercontrol
since 09/2022 · owns less than 5%
K•••• T•••••• E••••• · Outsourced Chief Financial Officercontrol
since 09/2022 · owns less than 5%
M•••• J•••••••• D•••••• · Chief Investment Officer And Portfolio Managercontrol
since 06/2017 · owns 75% or more
Z•••• L•••• J•• · Trustee Of L••••• T••••
since 12/1953 · owns less than 5%

Entity owners

L••••• T•••• · Member
direct · owns less than 5%
L•• R•••••••• T•••• · Member
direct · owns less than 5%

Related persons

Schedule D 7.A

L••••• I••••••••• G•• L•••
pooled vehicle sponsory

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

ADV anomalies

1 against comparable advisers; where to look, not conclusions

high institutional concentrationStatic outlier · filing Mar 30, 2026
institutional share of RAUM of 30% against a peer median of 0% (1568 comparable advisers, 99.0th percentile, 10.0 robust deviations)
peers: asset managers, $100M to $500M (1,568) · 99% percentile

How anomalies are measured

What changed

consecutive filings, newest first

Advisory employees · 3 to 2
Jan 30, 2026 to Mar 30, 2026
Assets in custody · $29.4M to $21.8M
Jan 30, 2026 to Mar 30, 2026
Employees · 3 to 2
Jan 30, 2026 to Mar 30, 2026
Discretionary RAUM · $223M to $233M
Jan 30, 2026 to Mar 30, 2026
Pension RAUM · $63.1M to $69.4M
Jan 30, 2026 to Mar 30, 2026
Pooled vehicle RAUM · $160M to $163M
Jan 30, 2026 to Mar 30, 2026
RAUM · $223M to $233M
Jan 30, 2026 to Mar 30, 2026
Accounts · 5 to 6
Jan 27, 2025 to Mar 6, 2025
Pension plan clients · unset to 2.0
Jan 27, 2025 to Mar 6, 2025
Pooled vehicle clients · 3 to 4
Jan 27, 2025 to Mar 6, 2025
Financial planning clients · unset to
Jan 27, 2025 to Mar 6, 2025
Discretionary RAUM · $268M to $223M
Jan 27, 2025 to Mar 6, 2025
Pension RAUM · unset to 63100000.0
Jan 27, 2025 to Mar 6, 2025
Pooled vehicle RAUM · $167M to $160M
Jan 27, 2025 to Mar 6, 2025
RAUM · $268M to $223M
Jan 27, 2025 to Mar 6, 2025
Accounts · 4 to 5
Oct 24, 2023 to Mar 28, 2024
Advisory employees · 4 to 3
Oct 24, 2023 to Mar 28, 2024
Assets in custody · $57.7M to $29.4M
Oct 24, 2023 to Mar 28, 2024
Employees · 4 to 3
Oct 24, 2023 to Mar 28, 2024
Discretionary RAUM · $298M to $268M
Oct 24, 2023 to Mar 28, 2024
Pooled vehicle RAUM · $223M to $167M
Oct 24, 2023 to Mar 28, 2024
RAUM · $298M to $268M
Oct 24, 2023 to Mar 28, 2024
Assets in custody · $0 to $57.7M
Feb 1, 2023 to Mar 29, 2023
Employees · 9 to 4
Feb 1, 2023 to Mar 29, 2023
Discretionary RAUM · $474M to $298M
Feb 1, 2023 to Mar 29, 2023
Pooled vehicle RAUM · $371M to $223M
Feb 1, 2023 to Mar 29, 2023
RAUM · $474M to $298M
Feb 1, 2023 to Mar 29, 2023
Related adviser · true to false
Feb 1, 2023 to Mar 29, 2023
Employees · 8 to 9
Jun 25, 2021 to Mar 29, 2022
Discretionary RAUM · $486M to $474M
Jun 25, 2021 to Mar 29, 2022
Pooled vehicle RAUM · $398M to $371M
Jun 25, 2021 to Mar 29, 2022
RAUM · $486M to $474M
Jun 25, 2021 to Mar 29, 2022
Accounts · 2 to 4
Mar 25, 2020 to Mar 29, 2021
Advisory employees · 6 to 4
Mar 25, 2020 to Mar 29, 2021
Advisory activities · 1 to 2
Mar 25, 2020 to Mar 29, 2021
Pooled vehicle clients · 2 to 3
Mar 25, 2020 to Mar 29, 2021
Employees · 9 to 8
Mar 25, 2020 to Mar 29, 2021
Discretionary RAUM · $427M to $486M
Mar 25, 2020 to Mar 29, 2021
Pooled vehicle RAUM · $427M to $398M
Mar 25, 2020 to Mar 29, 2021
RAUM · $427M to $486M
Mar 25, 2020 to Mar 29, 2021

Signals

9 dated events

David Yufeng Li (Analyst) no longer on Schedule A of L••••• I•••••••• L•• (listed 2023-10-24, absent 2024-03-28)
Mar 28, 2024 · Control person left · inference
L••••• I•••••••• L•• reported RAUM $298.4M, down 37% from $474.0M (2023-02-01 to 2023-03-29)
Mar 29, 2023 · RAUM change · derived
Craig Russel Pillemer (Managing Director) no longer on Schedule A of L••••• I•••••••• L•• (listed 2022-11-28, absent 2023-01-30)
Jan 30, 2023 · Control person left · inference
Ty T•••••••• (Chief Compliance Officer) no longer on Schedule A of L••••• I•••••••• L•• (listed 2022-05-27, absent 2022-09-28)
Sep 28, 2022 · Control person left · inference
Lowell Thomas Harter (Chief Compliance Officer) appeared on Schedule A of L••••• I•••••••• L••
Sep 28, 2022 · Control person joined · fact
E Thomas King (Outsourced Chief Financial Officer) appeared on Schedule A of L••••• I•••••••• L••
Sep 28, 2022 · Control person joined · fact
Leon Ronald Chin (Chief Operating Officer) no longer on Schedule A of L••••• I•••••••• L•• (listed 2022-03-29, absent 2022-05-27)
May 27, 2022 · Control person left · inference
Russel Pillemer (Managing Director) appeared on Schedule A of L••••• I•••••••• L••
Mar 25, 2020 · Control person joined · fact
L••••• I•••••••• L•• reported RAUM $537.2M, up 71% from $314.6M (2017-06-30 to 2018-03-26)
Mar 26, 2018 · 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.

How to reach

public business contact points only, each with its source

Website: L•••••INVESTORS.COMreportedpublic record, Form ADV, Sep 21, 2026
Principal office phone: (312) 803-7311reportedpublic record, Form ADV, Mar 30, 2026

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: n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026