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

B•••••••• I•••••••• L••

Independent wealth managerSan Francisco, CaliforniaCRD 151422SEC 801-121378websiteIAPD
Latest filing Jul 1, 2026
First filing on the tape May 3, 2021 · 14 filings
SEC status approved since Jun 2, 2021
RAUM
$436M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$436M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$218M
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$436M as of Jul 1, 2026
Mar 10, 2022$272M then
HNW client RAUM$436M as of Jul 1, 2026
Mar 10, 2022$271M then
State-registered IARs (5.B.3)2 as of Jul 1, 2026
Mar 10, 20221 then
Employees (5.A)3 as of Jul 1, 2026
Mar 10, 20222 then
Private funds: no history
RAUM +26% over the last fiscal year+18% a year over threeIARs 2 to 2offices 1 to 2
Practice profile
derived from the filing of Jul 1, 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
  • UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
RAUM per advisor
$218MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$10.4MderivedHNW RAUM over HNW clients
Average account
$1.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
0.7derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+26%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Custody
$172M, 32 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
  • High-net-worth individuals$436M100%
Individual clients
n/areported
HNW clients
42reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
287reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
$172M for 32 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
R••••• S••••••• L••San Francisco, Ca Nov 17, 200927 y0
M••••••• M•• K•••• B•••••Certified Financial PlannerAnaconda, Mt Nov 14, 202410 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
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • G••••••• R•••••• D••••• · Chief Compliance Officercontrol
        since 02/2024 · owns less than 5%
      • L••• R•••••• S••••••• · Member, Managing Directorcontrol
        since 10/2009 · 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
      San Francisco, Ca · principal200
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • unusually large average HNW clientStatic outlier · filing Jul 1, 2026
        HNW RAUM per HNW client of $10,388,992 against a peer median of $2,404,040 (4940 comparable advisers, 100.0th percentile, 5.4 robust deviations)
        peers: independent wealth managers, $100M to $500M (4,940) · 100% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 255 to 287
        Jul 9, 2025 to Feb 3, 2026
      • HNW clients · 40 to 42
        Jul 9, 2025 to Feb 3, 2026
      • Assets in custody · $140M to $172M
        Jul 9, 2025 to Feb 3, 2026
      • Discretionary RAUM · $347M to $436M
        Jul 9, 2025 to Feb 3, 2026
      • HNW RAUM · $346M to $436M
        Jul 9, 2025 to Feb 3, 2026
      • Individual RAUM · $894,544 to $0
        Jul 9, 2025 to Feb 3, 2026
      • RAUM · $347M to $436M
        Jul 9, 2025 to Feb 3, 2026
      • Financial planning clients · 26-50 to 26-50
        Jun 23, 2025 to Jul 9, 2025
      • Other offices · 1 to 2
        Jun 23, 2025 to Jul 9, 2025
      • Accounts · 251 to 255
        Nov 14, 2024 to Feb 6, 2025
      • Advisory employees · 1 to 2
        Nov 14, 2024 to Feb 6, 2025
      • HNW clients · 41 to 40
        Nov 14, 2024 to Feb 6, 2025
      • Assets in custody · $129M to $140M
        Nov 14, 2024 to Feb 6, 2025
      • State-registered IARs · 1 to 2
        Nov 14, 2024 to Feb 6, 2025
      • Other offices · 0 to 1
        Nov 14, 2024 to Feb 6, 2025
      • Discretionary RAUM · $302M to $347M
        Nov 14, 2024 to Feb 6, 2025
      • HNW RAUM · $301M to $346M
        Nov 14, 2024 to Feb 6, 2025
      • Individual RAUM · $796,534 to $894,544
        Nov 14, 2024 to Feb 6, 2025
      • RAUM · $302M to $347M
        Nov 14, 2024 to Feb 6, 2025
      • Accounts · 244 to 251
        May 22, 2023 to Feb 16, 2024
      • Assets in custody · $124M to $129M
        May 22, 2023 to Feb 16, 2024
      • Employees · 2 to 3
        May 22, 2023 to Feb 16, 2024
      • Discretionary RAUM · $267M to $302M
        May 22, 2023 to Feb 16, 2024
      • HNW RAUM · $267M to $301M
        May 22, 2023 to Feb 16, 2024
      • Individual RAUM · $728,705 to $796,534
        May 22, 2023 to Feb 16, 2024
      • RAUM · $267M to $302M
        May 22, 2023 to Feb 16, 2024
      • Accounts · 245 to 244
        Mar 10, 2022 to Mar 8, 2023
      • HNW clients · 40 to 41
        Mar 10, 2022 to Mar 8, 2023
      • Assets in custody · $121M to $124M
        Mar 10, 2022 to Mar 8, 2023
      • Discretionary RAUM · $272M to $267M
        Mar 10, 2022 to Mar 8, 2023
      • HNW RAUM · $271M to $267M
        Mar 10, 2022 to Mar 8, 2023
      • Individual RAUM · $783,068 to $728,705
        Mar 10, 2022 to Mar 8, 2023
      • RAUM · $272M to $267M
        Mar 10, 2022 to Mar 8, 2023
      • Accounts · 212 to 245
        Oct 6, 2021 to Mar 10, 2022
      • HNW clients · 33 to 40
        Oct 6, 2021 to Mar 10, 2022
      • Assets in custody · $107M to $121M
        Oct 6, 2021 to Mar 10, 2022
      • Employees · 1 to 2
        Oct 6, 2021 to Mar 10, 2022
      • Discretionary RAUM · $226M to $272M
        Oct 6, 2021 to Mar 10, 2022
      • HNW RAUM · $224M to $271M
        Oct 6, 2021 to Mar 10, 2022
      • Individual RAUM · $2.5M to $783,068
        Oct 6, 2021 to Mar 10, 2022
      Signals
      2 dated events
      • D••••• R••••• G•••••• (Chief Compliance Officer) appeared on Schedule A of B•••••••• I•••••••• L••
        Feb 16, 2024 · Control person joined · fact
      • B•••••••• I•••••••• L•• filed its initial SEC registration (Form ADV)
        May 3, 2021 · First SEC registration · 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
      i•••@b•••••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
      Business email
      b••@b•••••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
      Business phone
      415-963-9815reportedpublished by the firm, firm site, Sep 16, 2026
      Website
      B••••••••INVEST.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      415-963-9815reportedpublic record, Form ADV, Jul 1, 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
      $218Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026