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••••• A••••••• L••

Former SEC-registered adviserPasadena, CaliforniaCRD 148282SEC 801-69681IAPD
Latest filing Jan 25, 2024
First filing on the tape Nov 23, 2011 · 72 filings
RAUM
$453M
reported, Item 5.F
Discretionary
95%
of RAUM
Private clients
100%
$452M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
18
18 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
72 filings and snapshots on the tape
RAUM$453M as of Jan 25, 2024
Mar 30, 2012$637M then
HNW client RAUM$334M as of Jan 25, 2024
Mar 30, 2018$310M then
State-registered IARs (5.B.3)13 as of Jan 25, 2024
Jan 29, 201318 then
Employees (5.A)18 as of Jan 25, 2024
Jan 29, 201325 then
Private funds: no history
RAUM -1.7% over the last fiscal year+0.8% a year over threeIARs 10 to 13offices 0 to 1
Practice profile
derived from the filing of Jan 25, 2024; every figure names its basis
RAUM per advisor
$34.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
37derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.2MderivedHNW RAUM over HNW clients
Average account
$340,044derivedRAUM over accounts (5.F.2.f)
Discretionary
95%derivedof RAUM
Institutional
0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.4derivedItem 5.A over advisors
Advisors per office
6.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-1.7%derivedbetween the last two annual amendments
Advisor growth, one year
+30%derivedItem 5.B.3 between annual amendments
Client growth, one year
-12%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 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
  • is an insurance broker or agent (6.A.6)
  • 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)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$334M74%
  • Individuals$118M26%
  • Pension and profit-sharing plans$798,1110.2%
  • Other investment advisers$22,3750.0%
Individual clients
332reported
HNW clients
149reported
Pension plan clients
1reported
Charitable clients
n/areported
Accounts
1,331reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
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
Joined, 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
    • P•••••••• D••••• R•••••• · Presidentcontrol
      since 12/2017 · owns less than 5%
    • P•••••••• D••••• R•••••• · Ceocontrol
      since 07/2016 · owns 75% or more of P••• I•••
    • B••••••• V••••••• Y•••• · Partner, Senior Wealth Manager, Ceo
      since 07/2019 · owns 5% to 10%
    • C•••••••• N•••••••• M•••••• · Chief Investment Officer
      since 01/2024 · owns less than 5%
    • Y••• W••••• · Chief Compliance Officer (01/2022)
      since 01/2022 · owns less than 5%
    Entity owners
    • P••• I••• · Holding Company
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    Advisers that list B••••• A••••••• L•• as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Pasadena, Ca · principal000
    Phoenix, Az000
    Offices
    Schedule D 1.F, the 25 largest
    • Newport Beach, CA3 employees
    What changed
    consecutive filings, newest first
    • Accounts · 1,576 to 1,331
      Jul 18, 2023 to Jan 25, 2024
    • HNW clients · 175 to 149
      Jul 18, 2023 to Jan 25, 2024
    • Individual clients · 369 to 332
      Jul 18, 2023 to Jan 25, 2024
    • Pension plan clients · unset to 1.0
      Jul 18, 2023 to Jan 25, 2024
    • Assets in custody · $4.1M to $3.2M
      Jul 18, 2023 to Jan 25, 2024
    • Insurance-licensed employees · 11 to 12
      Jul 18, 2023 to Jan 25, 2024
    • Financial planning clients · More than 500 to 251-500
      Jul 18, 2023 to Jan 25, 2024
    • State-registered IARs · 12 to 13
      Jul 18, 2023 to Jan 25, 2024
    • Discretionary RAUM · $428M to $430M
      Jul 18, 2023 to Jan 25, 2024
    • HNW RAUM · $341M to $334M
      Jul 18, 2023 to Jan 25, 2024
    • Individual RAUM · $119M to $118M
      Jul 18, 2023 to Jan 25, 2024
    • Non-discretionary RAUM · $31.9M to $22.4M
      Jul 18, 2023 to Jan 25, 2024
    • Pension RAUM · unset to 798111.0
      Jul 18, 2023 to Jan 25, 2024
    • RAUM · $460M to $453M
      Jul 18, 2023 to Jan 25, 2024
    • Related insurance company · true to false
      Jul 18, 2023 to Jan 25, 2024
    • Advisory employees · 15 to 18
      May 8, 2023 to Jul 18, 2023
    • Employees · 15 to 18
      May 8, 2023 to Jul 18, 2023
    • Insurance-licensed employees · 9 to 11
      May 8, 2023 to Jul 18, 2023
    • State-registered IARs · 10 to 12
      May 8, 2023 to Jul 18, 2023
    • Other offices · 0 to 1
      Jan 19, 2023 to May 8, 2023
    • Accounts · 1,518 to 1,576
      Oct 20, 2022 to Jan 19, 2023
    • Advisory employees · 13 to 15
      Oct 20, 2022 to Jan 19, 2023
    • HNW clients · 174 to 175
      Oct 20, 2022 to Jan 19, 2023
    • Individual clients · 355 to 369
      Oct 20, 2022 to Jan 19, 2023
    • Assets in custody · $6.3M to $4.1M
      Oct 20, 2022 to Jan 19, 2023
    • Employees · 16 to 15
      Oct 20, 2022 to Jan 19, 2023
    • Insurance-licensed employees · 3 to 9
      Oct 20, 2022 to Jan 19, 2023
    • Financial planning clients · 251-500 to More than 500
      Oct 20, 2022 to Jan 19, 2023
    • State-registered IARs · 11 to 10
      Oct 20, 2022 to Jan 19, 2023
    • Discretionary RAUM · $467M to $428M
      Oct 20, 2022 to Jan 19, 2023
    • HNW RAUM · $392M to $341M
      Oct 20, 2022 to Jan 19, 2023
    • Individual RAUM · $114M to $119M
      Oct 20, 2022 to Jan 19, 2023
    • Non-discretionary RAUM · $39.1M to $31.9M
      Oct 20, 2022 to Jan 19, 2023
    • RAUM · $506M to $460M
      Oct 20, 2022 to Jan 19, 2023
    • Advisory employees · 14 to 13
      Apr 28, 2022 to Oct 20, 2022
    • Employees · 18 to 16
      Apr 28, 2022 to Oct 20, 2022
    • Insurance-licensed employees · 4 to 3
      Apr 28, 2022 to Oct 20, 2022
    • State-registered IARs · 14 to 11
      Apr 28, 2022 to Oct 20, 2022
    • Advisory employees · 13 to 14
      Mar 11, 2022 to Apr 25, 2022
    • Employees · 17 to 18
      Mar 11, 2022 to Apr 25, 2022
    Signals
    23 dated events
    • D•••• R•••••• P••••••• no longer registered at B••••• A••••••• L••; no later IA registration on IAPD
      Dec 31, 2024 · Advisor departure · fact
    • D•••• M•••••• N••• left B••••• A••••••• L•• for A•• C••••••• L•• (registered 2021-07-07)
      Oct 31, 2024 · Advisor changed firm · fact
    • C•••• R••• T••••• left B••••• A••••••• L•• for B••••• P••••• A•••••••• L•• (registered 2024-10-16)
      Oct 31, 2024 · Advisor changed firm · fact
    • S••••• D••••• C•••••• left B••••• A••••••• L•• for A•••••• W••••• M••••••••• L•• (registered 2023-11-13)
      Oct 31, 2024 · Advisor changed firm · fact
    • N••••••• M•••••• C••••••• left B••••• A••••••• L•• for B••••• P••••• A•••••••• L•• (registered 2024-10-25)
      Oct 31, 2024 · Advisor changed firm · fact
    • D•••• A•••••••• C••••••• left B••••• A••••••• L•• for B••••• P••••• A•••••••• L•• (registered 2024-10-21)
      Oct 31, 2024 · Advisor changed firm · fact
    • D•••• R•••••• P••••••• left B••••• A••••••• L•• for A•• C••••••• L•• (registered 2017-05-26)
      Oct 31, 2024 · Advisor changed firm · fact
    • C••••••• L•• M•••••••• left B••••• A••••••• L•• for B••••• P••••• A•••••••• L•• (registered 2024-10-16)
      Oct 31, 2024 · Advisor changed firm · fact
    • T••••• H••••• S•••• left B••••• A••••••• L•• for B••••• P••••• A•••••••• L•• (registered 2024-10-21)
      Oct 31, 2024 · Advisor changed firm · fact
    • V•••••• Y•••• B•••••• left B••••• A••••••• L•• for P•••••• A••••••••• A••••••• G••••• L•• (registered 2011-06-24)
      Oct 31, 2024 · Advisor changed firm · fact
    • D•••• B••• C•••• left B••••• A••••••• L•• for B••••• P••••• A•••••••• L•• (registered 2024-10-30)
      Oct 31, 2024 · Advisor changed firm · fact
    • 2 advisors left B••••• A••••••• L•• (Pasadena, CA) for A•• C••••••• L•• on the same day
      Oct 31, 2024 · Team lift-out · derived
    • B••••• A••••••• L••'s advisors moved to B••••• P••••• A•••••••• L•• (Pasadena, CA): 6 of 10 registered, on the same day
      Oct 31, 2024 · Firm absorbed (people side) · derived
    • J••••• V• N••••••••• left B••••• A••••••• L•• for R•• W••••• L•• (registered 2024-11-15)
      Jul 1, 2024 · Advisor changed firm · fact
    • J•••• G•••• H••••• left B••••• A••••••• L•• for P•••••• A••••••••• A••••••• G••••• L•• (registered 2011-06-24)
      Dec 6, 2023 · Advisor changed firm · fact
    • R•••••• A•••••••• L•• left B••••• A••••••• L•• for A•••••• W••••• M••••••••• L•• (registered 2023-08-09)
      Dec 1, 2023 · Advisor changed firm · fact
    • M••• R• H•••• left B••••• A••••••• L•• for A•• C••••••• L•• (registered 2024-11-08)
      Jun 15, 2022 · Advisor changed firm · fact
    • J••••• M•••••• D••• left B••••• A••••••• L•• for R••••••••• W••••••• G•••• (registered 2019-04-12)
      Jun 15, 2022 · Advisor changed firm · fact
    • Warren Yee (Chief Compliance Officer (01/2022)) appeared on Schedule A of B••••• A••••••• L••
      Mar 7, 2022 · Control person joined · fact
    • M•••••• Justin Dyer (Chief Operating Officer, Chief Compliance Officer (6/29/2020)) no longer on Schedule A of B••••• A••••••• L•• (listed 2021-11-18, absent 2022-03-07)
      Mar 7, 2022 · Control person left · inference
    • B••••• A••••••• L•• reported RAUM $351.7M, down 32% from $518.1M (2018-10-03 to 2018-12-17)
      Dec 17, 2018 · RAUM change · derived
    • B••••• A••••••• L•• reported RAUM $518.1M, down 50% from $1.0B (2018-01-31 to 2018-03-30)
      Mar 30, 2018 · RAUM change · derived
    • P••••••• • A••••••••• reported succeeding to the business of Another Adviser (Form ADV Item 4)
      Aug 25, 2016 · Succession (Item 4) · 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