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.

Former SEC-registered adviser

Syntrinsic Investment Counsel, LLC.

Former SEC-registered adviserDenver, ColoradoCRD 147978SEC 801-69510IAPD
Latest filing Mar 20, 2023
First filing on the tape Nov 16, 2011 · 27 filings
RAUM
$1.6B
reported, Item 5.F
Discretionary
75%
of RAUM
Private clients
13%
$209M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
14
12 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$1.6B as of Mar 20, 2023
Mar 29, 2012$650M then
HNW client RAUM$195M as of Mar 20, 2023
Mar 2, 2018$104M then
State-registered IARs (5.B.3)9 as of Mar 20, 2023
Mar 29, 20120 then
Employees (5.A)14 as of Mar 20, 2023
Mar 27, 20136 then
Private funds: no history
RAUM -8.2% over the last fiscal year+12% a year over threeIARs 12 to 9
Practice profile
derived from the filing of Mar 20, 2023; every figure names its basis
RAUM per advisor
$175MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
9derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.8MderivedHNW RAUM over HNW clients
Average account
$3.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
75%derivedof RAUM
Institutional
87%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.6derivedItem 5.A over advisors
Advisors per office
9.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-8.2%derivedbetween the last two annual amendments
Advisor growth, one year
-25%derivedItem 5.B.3 between annual amendments
Client growth, one year
+31%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
Custody
$217M, 26 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)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Charitable organizations$1.1B71%
  • Pension and profit-sharing plans$242M15%
  • High-net-worth individuals$195M12%
  • Individuals$13.6M0.9%
  • Corporations and businesses$1.4M0.1%
Individual clients
40reported
HNW clients
41reported
Pension plan clients
n/areported
Charitable clients
52reported
Accounts
438reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$217M for 26 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
    • Ngina Akasha Absher · President, Chief Compliance Officercontrol
      since 01/2020 · owns less than 5%
    • Howard Benjamin Valore-Caplan · Chief Executive Officer & Managing Partnercontrol
      since 08/2008 · owns less than 5%
    • Ngina Akasha Absher · Membercontrol
      since 06/2021 · owns 25% to 50% of Syntrinsic Holding Company LLC
    • Howard Benjamin Valore-Caplan · Membercontrol
      since 08/2018 · owns 50% to 75% of Syntrinsic Holding Company LLC
    Entity owners
    • Syntrinsic Holding Company LLC · Member
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Denver, Co · principal000
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 415 to 438
      Jun 23, 2022 to Mar 20, 2023
    • Charity clients · 49 to 52
      Jun 23, 2022 to Mar 20, 2023
    • HNW clients · 43 to 41
      Jun 23, 2022 to Mar 20, 2023
    • Individual clients · 19 to 40
      Jun 23, 2022 to Mar 20, 2023
    • Assets in custody · $42.9M to $217M
      Jun 23, 2022 to Mar 20, 2023
    • Employees · 16 to 14
      Jun 23, 2022 to Mar 20, 2023
    • Financial planning clients · 0 to 101-250
      Jun 23, 2022 to Mar 20, 2023
    • State-registered IARs · 12 to 9
      Jun 23, 2022 to Mar 20, 2023
    • Discretionary RAUM · $1.3B to $1.2B
      Jun 23, 2022 to Mar 20, 2023
    • HNW RAUM · $212M to $195M
      Jun 23, 2022 to Mar 20, 2023
    • Individual RAUM · $5.3M to $13.6M
      Jun 23, 2022 to Mar 20, 2023
    • Non-discretionary RAUM · $456M to $394M
      Jun 23, 2022 to Mar 20, 2023
    • Pension RAUM · $186M to $242M
      Jun 23, 2022 to Mar 20, 2023
    • RAUM · $1.7B to $1.6B
      Jun 23, 2022 to Mar 20, 2023
    • Accounts · 397 to 415
      Nov 16, 2021 to Mar 25, 2022
    • Advisory employees · 10 to 12
      Nov 16, 2021 to Mar 25, 2022
    • Charity clients · 54 to 49
      Nov 16, 2021 to Mar 25, 2022
    • HNW clients · 34 to 43
      Nov 16, 2021 to Mar 25, 2022
    • Individual clients · 39 to 19
      Nov 16, 2021 to Mar 25, 2022
    • Assets in custody · $184M to $42.9M
      Nov 16, 2021 to Mar 25, 2022
    • Employees · 11 to 16
      Nov 16, 2021 to Mar 25, 2022
    • State-registered IARs · 7 to 12
      Nov 16, 2021 to Mar 25, 2022
    • Discretionary RAUM · $890M to $1.3B
      Nov 16, 2021 to Mar 25, 2022
    • HNW RAUM · $159M to $212M
      Nov 16, 2021 to Mar 25, 2022
    • Individual RAUM · $13.2M to $5.3M
      Nov 16, 2021 to Mar 25, 2022
    • Non-discretionary RAUM · $364M to $456M
      Nov 16, 2021 to Mar 25, 2022
    • Pension RAUM · $156M to $186M
      Nov 16, 2021 to Mar 25, 2022
    • RAUM · $1.3B to $1.7B
      Nov 16, 2021 to Mar 25, 2022
    • Advisory employees · 11 to 10
      Apr 20, 2021 to May 21, 2021
    • Employees · 12 to 11
      Apr 20, 2021 to May 21, 2021
    • State-registered IARs · 8 to 7
      Apr 20, 2021 to May 21, 2021
    • Accounts · 381 to 397
      Jul 10, 2020 to Mar 18, 2021
    • Advisory employees · 8 to 11
      Jul 10, 2020 to Mar 18, 2021
    • Corporate clients · 0.0 to unset
      Jul 10, 2020 to Mar 18, 2021
    • HNW clients · 37 to 34
      Jul 10, 2020 to Mar 18, 2021
    • Individual clients · 32 to 39
      Jul 10, 2020 to Mar 18, 2021
    • Pension plan clients · 0.0 to unset
      Jul 10, 2020 to Mar 18, 2021
    • Assets in custody · $191M to $184M
      Jul 10, 2020 to Mar 18, 2021
    • Employees · 9 to 12
      Jul 10, 2020 to Mar 18, 2021
    • State-registered IARs · 7 to 8
      Jul 10, 2020 to Mar 18, 2021
    Signals
    18 dated events
    • Lynsey Goldstein left Syntrinsic Investment Counsel, Llc. for Syntrinsic Llc (registered 2023-07-17)
      Dec 31, 2023 · Advisor changed firm · fact
    • Dat Van Le left Syntrinsic Investment Counsel, Llc. for Syntrinsic Llc (registered 2023-07-20)
      Dec 31, 2023 · Advisor changed firm · fact
    • James Alan Brauer left Syntrinsic Investment Counsel, Llc. for Syntrinsic Llc (registered 2023-07-17)
      Dec 31, 2023 · Advisor changed firm · fact
    • Efrata Dawit Kirose left Syntrinsic Investment Counsel, Llc. for Syntrinsic Llc (registered 2023-07-20)
      Dec 31, 2023 · Advisor changed firm · fact
    • Eric Peart Burton left Syntrinsic Investment Counsel, Llc. for Syntrinsic Llc (registered 2023-07-18)
      Dec 31, 2023 · Advisor changed firm · fact
    • Benjamin Howard Valore-Caplan left Syntrinsic Investment Counsel, Llc. for Syntrinsic Llc (registered 2023-07-20)
      Dec 31, 2023 · Advisor changed firm · fact
    • Akasha Ngina Absher left Syntrinsic Investment Counsel, Llc. for Syntrinsic Llc (registered 2023-07-17)
      Dec 31, 2023 · Advisor changed firm · fact
    • Anna Sergeeva Todorova left Syntrinsic Investment Counsel, Llc. for Syntrinsic Llc (registered 2023-07-20)
      Dec 31, 2023 · Advisor changed firm · fact
    • Syntrinsic Investment Counsel, LLC.'s advisors moved to Syntrinsic LLC (Denver, CO): 8 of 8 registered, on the same day
      Dec 31, 2023 · Firm absorbed (people side) · derived
    • Anna Flasch Wolford left Syntrinsic Investment Counsel, Llc. for The Fiduciary Alliance (registered 2023-07-20)
      Feb 28, 2023 · Advisor changed firm · fact
    • Levar James Williams left Syntrinsic Investment Counsel, Llc. for Fidelity Personal And Workplace Advisors (registered 2023-05-04)
      Dec 15, 2022 · Advisor changed firm · fact
    • Syntrinsic Investment Counsel, Llc. reported RAUM $1.7B, up 37% from $1.3B (2021-11-16 to 2022-03-25)
      Mar 25, 2022 · RAUM change · derived
    • Michael Ryan Stibich (Chief Compliance Officer) no longer on Schedule A of Syntrinsic Investment Counsel, Llc. (listed 2021-04-20, absent 2021-05-21)
      May 21, 2021 · Control person left · inference
    • Syntrinsic Investment Counsel, Llc. reported RAUM $1.1B, up 26% from $884.8M (2019-09-18 to 2020-03-11)
      Mar 11, 2020 · RAUM change · derived
    • Ngina Akasha Absher (Chief Consulting Officer) appeared on Schedule A of Syntrinsic Investment Counsel, Llc.
      Mar 11, 2020 · Control person joined · fact
    • Michael Ryan Stibich (Chief Compliance Officer) appeared on Schedule A of Syntrinsic Investment Counsel, Llc.
      Mar 23, 2019 · Control person joined · fact
    • Alexander Gordon (Chief Compliance Officer) no longer on Schedule A of Syntrinsic Investment Counsel, Llc. (listed 2018-03-02, absent 2019-03-23)
      Mar 23, 2019 · Control person left · inference
    • Syntrinsic Investment Counsel, Llc. reported RAUM $929.1M, up 26% from $735.9M (2017-03-21 to 2018-03-02)
      Mar 2, 2018 · RAUM change · derived
    Across DFX
    shared identifiers only, never a name match
    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