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
S•••••••• L••
Latest filing Mar 28, 2018
First filing on the tape Jan 17, 2012 · 24 filings
RAUM
$84.8M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
74%
$62.4M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
11
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$84.8M as of Mar 28, 2018
Jan 17, 2012$101M then
HNW client RAUM: $62.4M
State-registered IARs (5.B.3)4 as of Mar 28, 2018
Apr 1, 20133 then
Employees (5.A)11 as of Mar 28, 2018
Apr 1, 20133 then
Private funds: no history
RAUM -60% over the last fiscal year-32% a year over threeIARs 7 to 4
Practice profile
derived from the filing of Mar 28, 2018; every figure names its basis
- RAUM per advisor
- $21.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 6derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.6MderivedHNW RAUM over HNW clients
- Average account
- $3.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.8derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -60%derivedbetween the last two annual amendments
- Advisor growth, one year
- -43%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$62.4M74%
- Investment companies$22.1M26%
- Pooled investment vehicles$247,6290.3%
- Individual clients
- 0reported
- HNW clients
- 24reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 28reported
- Financial planning clients
- n/areported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- 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
- M••• W•••• S•••• H••••• to B•••••••• I••••••••• M••••••••• L••May 14, 2018 · Other
- T•••• A••• R••••••• G•••• to W••••••••• A••••••• L••Mar 22, 2018 · RIA to affiliated broker-dealer or bank
- P••• C•••• S•••••• to L••••••• N•••• C•••••• A•••••••• L••Jul 14, 2014 · Other
- S•••• D••• E••••• to L•••••• S••••• P•••••••• L••Jan 13, 2012 · Other
Joined, latest
- T•••• A••• R••••••• G•••• from B••••• F•••••• I••••••••• C••••••••• L•••Dec 1, 2017 · Other
- S•••• D••• E••••• from L•••••• S••••• P•••••••• L••May 25, 2010 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- D••••••••• R••••• M••••••• · Managing Membercontrolsince 08/2013 · owns less than 5%
- J••••••• H••••• A•• · Chief Compliance Officercontrolsince 07/2017 · owns less than 5%
- L••••• A••••• •••• · Chief Executive Officercontrolsince 01/2016 · owns less than 5%
Entity owners
- S••••••• T••••••••• I••• · Ownerdirect · owns 75% or more
Related persons
Schedule D 7.A
- F••• P•••• C•••••• P••••••• L••investment adviserbankpooled vehicle sponsornRAUM $2.9B
Advisers that list S•••••••• L•• as a related person
- 154949 n
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 219 to 28Jan 25, 2018 to Mar 28, 2018
- Advisory employees · 4 to 1Jan 25, 2018 to Mar 28, 2018
- BD registered reps · 2 to 1Jan 25, 2018 to Mar 28, 2018
- HNW clients · 271 to 24Jan 25, 2018 to Mar 28, 2018
- Employees · 17 to 11Jan 25, 2018 to Mar 28, 2018
- Insurance-licensed employees · 2 to 1Jan 25, 2018 to Mar 28, 2018
- State-registered IARs · 7 to 4Jan 25, 2018 to Mar 28, 2018
- Other offices · 1 to 0Jan 25, 2018 to Mar 28, 2018
- Discretionary RAUM · $211M to $84.8MJan 25, 2018 to Mar 28, 2018
- HNW RAUM · $195M to $62.4MJan 25, 2018 to Mar 28, 2018
- Pooled vehicle RAUM · $258,359 to $247,629Jan 25, 2018 to Mar 28, 2018
- RAUM · $211M to $84.8MJan 25, 2018 to Mar 28, 2018
- Related bank · false to trueJan 25, 2018 to Mar 28, 2018
- Charity clients · unset to 0.0Aug 8, 2017 to Oct 23, 2017
- Corporate clients · unset to 0.0Aug 8, 2017 to Oct 23, 2017
- HNW clients · unset to 271.0Aug 8, 2017 to Oct 23, 2017
- Individual clients · unset to 0.0Aug 8, 2017 to Oct 23, 2017
- Pension plan clients · unset to 0.0Aug 8, 2017 to Oct 23, 2017
- Pooled vehicle clients · unset to 1.0Aug 8, 2017 to Oct 23, 2017
- Employees · 16 to 17Aug 8, 2017 to Oct 23, 2017
- Other offices · unset to 1.0Aug 8, 2017 to Oct 23, 2017
- HNW RAUM · unset to 195393249.0Aug 8, 2017 to Oct 23, 2017
- Individual RAUM · unset to 0.0Aug 8, 2017 to Oct 23, 2017
- Pension RAUM · unset to 0.0Aug 8, 2017 to Oct 23, 2017
- Pooled vehicle RAUM · unset to 258359.0Aug 8, 2017 to Oct 23, 2017
- Accounts · 516 to 219Sep 7, 2016 to Mar 31, 2017
- Advisory activities · 2 to 3Sep 7, 2016 to Mar 31, 2017
- Discretionary RAUM · $367M to $211MSep 7, 2016 to Mar 31, 2017
- RAUM · $367M to $211MSep 7, 2016 to Mar 31, 2017
- HQ city · BOSTON to SAN FRANCISCOMar 29, 2016 to Sep 7, 2016
- HQ state · MA to CAMar 29, 2016 to Sep 7, 2016
- Accounts · 306 to 516Jan 28, 2016 to Mar 29, 2016
- Advisory activities · 3 to 2Jan 28, 2016 to Mar 29, 2016
- BD registered reps · 3 to 2Jan 28, 2016 to Mar 29, 2016
- Business name · L•••• R••• A••••••• to S•••••••• L••Jan 28, 2016 to Mar 29, 2016
- Employees · 7 to 16Jan 28, 2016 to Mar 29, 2016
- Insurance-licensed employees · 3 to 2Jan 28, 2016 to Mar 29, 2016
- State-registered IARs · 4 to 7Jan 28, 2016 to Mar 29, 2016
- Legal name · L••• S••••••••• L•• to S•••••••• L••Jan 28, 2016 to Mar 29, 2016
- Discretionary RAUM · $260M to $367MJan 28, 2016 to Mar 29, 2016
Signals
1 dated events
- S•••••••• L•• reported RAUM $84.8M, down 60% from $210.6M (2018-01-25 to 2018-03-28)Mar 28, 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.
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