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

S•••••• L••

Wealth manager with institutional or fund businessMemphis, TennesseeCRD 150593SEC 801-70290websiteIAPD
Latest filing Mar 25, 2026
First filing on the tape Mar 28, 2012 · 20 filings
SEC status approved since Jun 24, 2009
RAUM
$2.3B
reported, Item 5.F
Discretionary
26%
of RAUM
Private clients
38%
$887M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$777M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$2.3B as of Mar 25, 2026
Mar 28, 2012$579M then
HNW client RAUM$880M as of Mar 25, 2026
Mar 28, 2018$1.7B then
State-registered IARs (5.B.3)3 as of Mar 25, 2026
Mar 28, 20120 then
Employees (5.A)4 as of Mar 25, 2026
Mar 26, 20133 then
Private funds1 as of Sep 19, 2025
Mar 30, 20201 then
RAUM -14% over the last fiscal year+8.8% a year over threeIARs 2 to 3offices 0 to 1
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
RAUM per advisor
$777MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
23derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$17.3MderivedHNW RAUM over HNW clients
Average account
$9.3MderivedRAUM over accounts (5.F.2.f)
Discretionary
26%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
1.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-14%derivedbetween the last two annual amendments
Advisor growth, one year
+50%derivedItem 5.B.3 between annual amendments
Client growth, one year
+6.2%derived
Compensation
percentage of assets, fixed fees, otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
Custody
$6.7M, 3 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
  • Corporations and businesses$1.4B62%
  • High-net-worth individuals$880M38%
  • Individuals$6.9M0.3%
Individual clients
18reported
HNW clients
51reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
251reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$6.7M for 3 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.38 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J••••• M•••••••• M•••••••Chartered Financial AnalystMemphis, TnApr 24, 202336 y1
A••••• D•••• H•••••Chartered Financial AnalystMemphis, TnApr 1, 202510 y0
T••••• M••••••• M•••••••Memphis, TnFeb 10, 202610 y0
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Private funds
1 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
B•••• I••••••••• L••no longer reportedPrivate Equity Fund$1.8M25Mar 30, 2020
Owners and control persons
Schedule A and B, latest filing
  • M•••••••• J•••••• M•••••••• · Chief Compliance Officer/Managing Membercontrol
    since 05/2009 · owns 75% or more
Entity owners
  • J•• P•••••••• L•• · Member
    direct · owns 10% to 25%
Related persons
Schedule D 7.A
Advisers that list S•••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Memphis, Tn · principal310
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
4 against comparable advisers; where to look, not conclusions
  • very high RAUM per advisorStatic outlier · filing Mar 25, 2026
    RAUM per registered advisor of $776,548,905 against a peer median of $147,054,737 (1222 comparable advisers, 98.0th percentile, 6.4 robust deviations)
    peers: independent wealth managers, $1B to $5B (1,222) · 98% percentile
  • business activity changedChange between filings · filing Mar 25, 2026
    portfolio management for pooled vehicles (Item 5.G.4): yes on the filing of 2025-09-19, no on the filing of 2026-03-25
    peers: independent wealth managers, $1B to $5B (1,362)
  • business activity changedChange between filings · filing Mar 25, 2026
    advises private funds (Item 7.B): yes on the filing of 2025-09-19, no on the filing of 2026-03-25
    peers: independent wealth managers, $1B to $5B (1,362)
  • compensation changedChange between filings · filing Mar 25, 2026
    performance-based compensation (Item 5.E.6): yes on the filing of 2025-09-19, no on the filing of 2026-03-25
    peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
  • Accounts · 278 to 251
    Sep 19, 2025 to Mar 25, 2026
  • Advisory employees · 2 to 3
    Sep 19, 2025 to Mar 25, 2026
  • Advisory activities · 4 to 3
    Sep 19, 2025 to Mar 25, 2026
  • HNW clients · 53 to 51
    Sep 19, 2025 to Mar 25, 2026
  • Individual clients · 12 to 18
    Sep 19, 2025 to Mar 25, 2026
  • Pension plan clients · 1.0 to unset
    Sep 19, 2025 to Mar 25, 2026
  • Pooled vehicle clients · 1.0 to unset
    Sep 19, 2025 to Mar 25, 2026
  • Assets in custody · $7.7M to $6.7M
    Sep 19, 2025 to Mar 25, 2026
  • Employees · 3 to 4
    Sep 19, 2025 to Mar 25, 2026
  • State-registered IARs · 2 to 3
    Sep 19, 2025 to Mar 25, 2026
  • Other offices · 0 to 1
    Sep 19, 2025 to Mar 25, 2026
  • Private funds · 1 to unset
    Sep 19, 2025 to Mar 25, 2026
  • Discretionary RAUM · $1.1B to $600M
    Sep 19, 2025 to Mar 25, 2026
  • HNW RAUM · $1.3B to $880M
    Sep 19, 2025 to Mar 25, 2026
  • Individual RAUM · $7.1M to $6.9M
    Sep 19, 2025 to Mar 25, 2026
  • Non-discretionary RAUM · $1.6B to $1.7B
    Sep 19, 2025 to Mar 25, 2026
  • Pension RAUM · 4921468.0 to unset
    Sep 19, 2025 to Mar 25, 2026
  • Pooled vehicle RAUM · 1785550.0 to unset
    Sep 19, 2025 to Mar 25, 2026
  • RAUM · $2.7B to $2.3B
    Sep 19, 2025 to Mar 25, 2026
  • Financial planning clients · 0 to 0
    Apr 30, 2025 to Sep 19, 2025
  • Accounts · 259 to 278
    Mar 26, 2024 to Apr 30, 2025
  • HNW clients · 51 to 53
    Mar 26, 2024 to Apr 30, 2025
  • Individual clients · 11 to 12
    Mar 26, 2024 to Apr 30, 2025
  • Pension plan clients · unset to 1.0
    Mar 26, 2024 to Apr 30, 2025
  • Assets in custody · $7.3M to $7.7M
    Mar 26, 2024 to Apr 30, 2025
  • Discretionary RAUM · $1.1B to $1.1B
    Mar 26, 2024 to Apr 30, 2025
  • HNW RAUM · $1.1B to $1.3B
    Mar 26, 2024 to Apr 30, 2025
  • Individual RAUM · $3.2M to $7.1M
    Mar 26, 2024 to Apr 30, 2025
  • Non-discretionary RAUM · $1.3B to $1.6B
    Mar 26, 2024 to Apr 30, 2025
  • Pension RAUM · unset to 4921468.0
    Mar 26, 2024 to Apr 30, 2025
  • RAUM · $2.4B to $2.7B
    Mar 26, 2024 to Apr 30, 2025
  • Accounts · 263 to 259
    Sep 7, 2023 to Mar 26, 2024
  • Charity clients · 1.0 to unset
    Sep 7, 2023 to Mar 26, 2024
  • Corporate clients · 6 to 5
    Sep 7, 2023 to Mar 26, 2024
  • HNW clients · 56 to 51
    Sep 7, 2023 to Mar 26, 2024
  • Individual clients · 15 to 11
    Sep 7, 2023 to Mar 26, 2024
  • Assets in custody · $4.5M to $7.3M
    Sep 7, 2023 to Mar 26, 2024
  • Discretionary RAUM · $873M to $1.1B
    Sep 7, 2023 to Mar 26, 2024
  • HNW RAUM · $1.7B to $1.1B
    Sep 7, 2023 to Mar 26, 2024
  • Individual RAUM · $4.9M to $3.2M
    Sep 7, 2023 to Mar 26, 2024
Signals
2 dated events
  • S•••••• L•• reported RAUM $2.4B, up 31% from $1.8B (2023-09-07 to 2024-03-26)
    Mar 26, 2024 · RAUM change · derived
  • S•••••• L•• reported RAUM $2.4B, up 68% from $1.4B (2020-06-25 to 2021-03-26)
    Mar 26, 2021 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Business phone
901-820-0515reportedpublished by the firm, firm site, Sep 17, 2026
Website
S•••••LLC.COMreportedpublic record, Form ADV, Sep 19, 2026
Principal office phone
901-820-0515reportedpublic record, Form ADV, Mar 25, 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
Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
RAUM per advisor
$777Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026