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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SEC-registered adviser

D•• I••••••••• M•••••••••

Independent wealth managerSolana Beach, CaliforniaCRD 149096SEC 801-69825websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Mar 30, 2012 · 38 filings
SEC status approved since Jan 5, 2009
RAUM
$524M
reported, Item 5.F
Discretionary
88%
of RAUM
Private clients
60%
$315M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$105M
derived; firm RAUM over IAPD count
Employees
5
5 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$524M as of Mar 30, 2026
Mar 30, 2012$106M then
HNW client RAUM$109M as of Mar 30, 2026
Mar 29, 2018$81.1M then
State-registered IARs (5.B.3)5 as of Mar 30, 2026
Mar 30, 20120 then
Employees (5.A)5 as of Mar 30, 2026
Apr 1, 20138 then
Private funds: no history
RAUM +20% over the last fiscal year+22% a year over threeIARs 6 to 5
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
RAUM per advisor
$105MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
87derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.5MderivedHNW RAUM over HNW clients
Average account
$433,776derivedRAUM over accounts (5.F.2.f)
Discretionary
88%derivedof RAUM
Institutional
4.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
2.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
-17%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.5%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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
  • 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)
  • 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
  • Individuals$207M54%
  • High-net-worth individuals$109M28%
  • Corporations and businesses$47.0M12%
  • Charitable organizations$19.9M5.2%
  • Pension and profit-sharing plans$969,9630.3%
Individual clients
402reported
HNW clients
31reported
Pension plan clients
n/areported
Charitable clients
7reported
Accounts
1,208reported
Financial planning clients
11-25reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.6 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
B•••• S•••••• J••••••Solana Beach, CaApr 13, 201224 y2
T••••••• J•••• K••Solana Beach, CaJul 26, 201317 y1
D••••• O•••• D•••••••Chartered Financial AnalystMercer Island, Wa Aug 6, 201431 y1
T••••• S•••• B••••••Solana Beach, CaMar 26, 201924 y2
M••• A•••••• H••••Certified Financial PlannerSolana Beach, CaMar 26, 201918 y2
Advisor movement
1 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • D•••••••• D•••••• O•••• · President & Ccocontrol
    since 01/2009 · owns 10% to 25%
  • J••••••• P••••• J•••• · Membercontrol
    since 08/2016 · owns 25% to 50%
  • K••• T•••••••• J•••• · Ciocontrol
    since 02/2009 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Advisers that list D•• I••••••••• M••••••••• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Solana Beach, Ca · principal501
Offices
Schedule D 1.F, the 25 largest
  • , 1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • HNW share shiftChange between filings · filing Mar 30, 2026
    HNW share of RAUM moved from 42.0% to 21.0% between the annual amendments of 2025-03-20 and 2026-03-30
    peers: independent wealth managers, $500M to $1B (1,482)
  • client mix shiftChange between filings · filing Mar 30, 2026
    private-client share of RAUM moved from 87.0% to 60.0% between the annual amendments of 2025-03-20 and 2026-03-30
    peers: independent wealth managers, $500M to $1B (1,482)
What changed
consecutive filings, newest first
  • Accounts · 1,122 to 1,208
    Sep 17, 2025 to Mar 30, 2026
  • Advisory employees · 6 to 5
    Sep 17, 2025 to Mar 30, 2026
  • Advisory activities · 4 to 3
    Sep 17, 2025 to Mar 30, 2026
  • Charity clients · 8 to 7
    Sep 17, 2025 to Mar 30, 2026
  • Corporate clients · 28 to 27
    Sep 17, 2025 to Mar 30, 2026
  • HNW clients · 34 to 31
    Sep 17, 2025 to Mar 30, 2026
  • Individual clients · 397 to 402
    Sep 17, 2025 to Mar 30, 2026
  • Pension plan clients · 3.0 to unset
    Sep 17, 2025 to Mar 30, 2026
  • Employees · 7 to 5
    Sep 17, 2025 to Mar 30, 2026
  • State-registered IARs · 6 to 5
    Sep 17, 2025 to Mar 30, 2026
  • Discretionary RAUM · $385M to $459M
    Sep 17, 2025 to Mar 30, 2026
  • HNW RAUM · $183M to $109M
    Sep 17, 2025 to Mar 30, 2026
  • Individual RAUM · $196M to $207M
    Sep 17, 2025 to Mar 30, 2026
  • Non-discretionary RAUM · $50.3M to $65.3M
    Sep 17, 2025 to Mar 30, 2026
  • Pension RAUM · $524,216 to $969,963
    Sep 17, 2025 to Mar 30, 2026
  • RAUM · $435M to $524M
    Sep 17, 2025 to Mar 30, 2026
  • Accounts · 1,057 to 1,122
    Dec 18, 2024 to Mar 20, 2025
  • Business name · D•• I••••••••• M••••••••• L•• to D•• I••••••••• M•••••••••
    Dec 18, 2024 to Mar 20, 2025
  • Charity clients · 6 to 8
    Dec 18, 2024 to Mar 20, 2025
  • Corporate clients · 29 to 28
    Dec 18, 2024 to Mar 20, 2025
  • Individual clients · 382 to 397
    Dec 18, 2024 to Mar 20, 2025
  • Pension plan clients · 5 to 3
    Dec 18, 2024 to Mar 20, 2025
  • Employees · 6 to 7
    Dec 18, 2024 to Mar 20, 2025
  • Financial planning clients · 11-25 to 11-25
    Dec 18, 2024 to Mar 20, 2025
  • Legal name · D•• I••••••••• M••••••••• L•• to D•• I••••••••• M•••••••••
    Dec 18, 2024 to Mar 20, 2025
  • Discretionary RAUM · $317M to $385M
    Dec 18, 2024 to Mar 20, 2025
  • HNW RAUM · $140M to $183M
    Dec 18, 2024 to Mar 20, 2025
  • Individual RAUM · $160M to $196M
    Dec 18, 2024 to Mar 20, 2025
  • Non-discretionary RAUM · $31.5M to $50.3M
    Dec 18, 2024 to Mar 20, 2025
  • Pension RAUM · $432,030 to $524,216
    Dec 18, 2024 to Mar 20, 2025
  • RAUM · $348M to $435M
    Dec 18, 2024 to Mar 20, 2025
  • Business name · D•• I••••••••• A•••••••• L•• to D•• I••••••••• M••••••••• L••
    Jun 6, 2024 to Dec 18, 2024
  • Legal name · D•• I••••••••• A•••••••• L•• to D•• I••••••••• M••••••••• L••
    Jun 6, 2024 to Dec 18, 2024
  • Business name · D•• I••••••••• M••••••••• to D•• I••••••••• A•••••••• L••
    Jun 5, 2024 to Jun 6, 2024
  • Legal name · D•• I••••••••• M••••••••• L•• to D•• I••••••••• A•••••••• L••
    Jun 5, 2024 to Jun 6, 2024
  • Accounts · 954 to 1,057
    Mar 30, 2023 to Mar 29, 2024
  • Charity clients · 8 to 6
    Mar 30, 2023 to Mar 29, 2024
  • Corporate clients · 22 to 29
    Mar 30, 2023 to Mar 29, 2024
  • HNW clients · 31 to 34
    Mar 30, 2023 to Mar 29, 2024
  • Individual clients · 347 to 382
    Mar 30, 2023 to Mar 29, 2024
Signals
1 dated events
  • E••••• M•••••• V•• W••••• left D•• I••••••••• M••••••••• for D•• I••••••••• A•••••••• L•• (registered 2025-02-13)
    Jan 15, 2026 · Advisor changed firm · fact
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
Business email
info@dlkinvest.comreportedpublished by the firm, firm site, Sep 17, 2026
Business phone
858-433-3200reportedpublished by the firm, firm site, Sep 17, 2026
Website
DLKINVEST.COMreportedpublic record, Form ADV, Sep 19, 2026
Principal office phone
858.433.3200reportedpublic 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
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$105Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026