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

H••••••• I••••••••• L••

Former SEC-registered adviserSan Francisco, CaliforniaCRD 147816SEC 801-69407IAPD
Latest filing Mar 30, 2016
First filing on the tape Mar 29, 2012 · 8 filings
RAUM
$879M
reported, Item 5.F
Discretionary
69%
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
4
4 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$879M as of Mar 30, 2016
Mar 29, 2012$11B then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Mar 30, 2016
Mar 29, 20120 then
Employees (5.A)4 as of Mar 30, 2016
Mar 21, 20131 then
Private funds: no history
RAUM -89% over the last fiscal year-57% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 30, 2016; every figure names its basis
RAUM per advisor
$879MderivedRAUM 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
$1.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
69%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-89%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 assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 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
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
848reported
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
      • G••••••• A••••••• G•••••••• · Membercontrol
        since 03/2011 · owns less than 5%
      • H•••• L•••••••• S•••••• · Chief Compliance Officercontrol
        since 08/2013 · owns less than 5%
      • H•••••••• R••••••• K•••• · Managing Member And Emerituscontrol
        since 02/2016 · owns 75% or more
      • S•••••••• L••••• A••••• · Membercontrol
        since 04/2009 · owns less than 5%
      Entity owners
      • W•• I••••••••• I••• · Member
        direct · owns 25% to 50%
      • L•••• N••••• C••••••• L•• · Shareholder
        indirect · owns 75% or more of L•••• N••••• I••••••••• M••••••••• I•••
      • L•••• N••••• I••••••••• M••••••••• I••• · Shareholder
        indirect · owns 75% or more of W•• I••••••••• I•••
      Related persons
      Schedule D 7.A
      Advisers that list H••••••• I••••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 10,171 to 848
        Mar 30, 2015 to Mar 30, 2016
      • Advisory activities · 4 to 3
        Mar 30, 2015 to Mar 30, 2016
      • Discretionary RAUM · $6.5B to $603M
        Mar 30, 2015 to Mar 30, 2016
      • Non-discretionary RAUM · $1.3B to $276M
        Mar 30, 2015 to Mar 30, 2016
      • RAUM · $7.9B to $879M
        Mar 30, 2015 to Mar 30, 2016
      • Accounts · 18,160 to 10,171
        Jan 12, 2015 to Mar 30, 2015
      • Advisory employees · 1 to 4
        Jan 12, 2015 to Mar 30, 2015
      • Employees · 1 to 4
        Jan 12, 2015 to Mar 30, 2015
      • Insurance-licensed employees · 1 to 3
        Jan 12, 2015 to Mar 30, 2015
      • Discretionary RAUM · $10B to $6.5B
        Jan 12, 2015 to Mar 30, 2015
      • Non-discretionary RAUM · $0 to $1.3B
        Jan 12, 2015 to Mar 30, 2015
      • RAUM · $10B to $7.9B
        Jan 12, 2015 to Mar 30, 2015
      • Accounts · 20,687 to 18,160
        Aug 20, 2013 to Mar 28, 2014
      • Assets in custody · unset to 0.0
        Aug 20, 2013 to Mar 28, 2014
      • Discretionary RAUM · $11B to $10B
        Aug 20, 2013 to Mar 28, 2014
      • Non-discretionary RAUM · $83.2M to $0
        Aug 20, 2013 to Mar 28, 2014
      • RAUM · $11B to $10B
        Aug 20, 2013 to Mar 28, 2014
      • Accounts · 23,335 to 20,687
        Mar 29, 2012 to Mar 21, 2013
      • Advisory employees · unset to 1.0
        Mar 29, 2012 to Mar 21, 2013
      • Employees · unset to 1.0
        Mar 29, 2012 to Mar 21, 2013
      • State-registered IARs · 0 to 1
        Mar 29, 2012 to Mar 21, 2013
      • Discretionary RAUM · $11B to $11B
        Mar 29, 2012 to Mar 21, 2013
      • Non-discretionary RAUM · $66.6M to $83.2M
        Mar 29, 2012 to Mar 21, 2013
      • RAUM · $11B to $11B
        Mar 29, 2012 to Mar 21, 2013
      Signals
      No event on the tape.
      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