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
P•••••••• W•••••• L••
Latest filing Mar 27, 2025
First filing on the tape Mar 12, 2012 · 30 filings
SEC status approved since Feb 12, 2010
RAUM
$676M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$676M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
7
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$676M as of Mar 27, 2025
Mar 12, 2012$88.0M then
HNW client RAUM$676M as of Mar 27, 2025
Mar 13, 2018$352M then
State-registered IARs (5.B.3)6 as of Mar 27, 2025
Mar 12, 20120 then
Employees (5.A)7 as of Mar 27, 2025
Jan 28, 20134 then
Private funds: no history
RAUM +8.6% over the last fiscal year+6.6% a year over threeIARs 5 to 6
Practice profile
derived from the filing of Mar 27, 2025; every figure names its basis
- RAUM per advisor
- $113MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.1MderivedHNW RAUM over HNW clients
- Average account
- $611,596derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 6.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +8.6%derivedbetween the last two annual amendments
- Advisor growth, one year
- +20%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 individualsreportedItem 5.G
- Custody
- $277M, 112 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$676M100%
- Individual clients
- n/areported
- HNW clients
- 133reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,106reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $277M for 112 clientsreported
- Compensation
- % of AUMreported
- 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
- R•••• N••••••• S••• to E• W••••• A•••••••Jul 15, 2025 · RIA to RIA
- R••••• J••• K•••• to E• W••••• A•••••••Jul 15, 2025 · RIA to RIA
- K••••••• M•••• V•••••• to E• W••••• A•••••••Jul 15, 2025 · RIA to RIA
- B•••• W•••• D•••••• to E• W••••• A•••••••Jul 15, 2025 · RIA to RIA
- M•••• A••••••• P••••••• S•• F••••• to E• W••••• A•••••••Jul 15, 2025 · RIA to RIA
- S••••• E•••• T••••••••• to E• W••••• A•••••••Jul 15, 2025 · RIA to RIA
- D•••••• G••••• to F•••••••• C•••••• M••••••••• L••Feb 27, 2023 · RIA to RIA
- K•••••• R•••••• K••••••• to M••••• S••••••Jun 8, 2020 · RIA to wirehouse
- S••••• D•••• to L•••• A•••••••• I•••Nov 12, 2015 · Other
Joined, latest
- S••••• E•••• T••••••••• from F••••May 10, 2024 · RIA to RIA
- K•••••• R•••••• K••••••• from C•••••• S••••• • C••• I•••Feb 7, 2019 · Affiliated broker-dealer or bank to independent RIA
- S••••• D•••• from B••••••••• C•••••• M••••••••• L••Oct 18, 2013 · Other
- B•••• W•••• D•••••• from M••••• S••••••Sep 10, 2012 · Other
- K••••••• M•••• V•••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Dec 13, 2011 · Other
- R•••• N••••••• S••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Feb 12, 2010 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 6 left for E• W••••• A•••••••Jul 15, 2025 · San Francisco, Ca · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- S•••• R••••• N••••••• · Managing Member & Chief Compliance Officercontrolsince 02/2010 · owns 75% or more
- V••••••• K•••••••• M•••• · Director Of Operationssince 06/2011 · owns 5% to 10%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| San Francisco, Ca · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 901 to 1,106May 9, 2024 to Mar 27, 2025
- Advisory employees · 5 to 6May 9, 2024 to Mar 27, 2025
- HNW clients · 116 to 133May 9, 2024 to Mar 27, 2025
- Assets in custody · $102M to $277MMay 9, 2024 to Mar 27, 2025
- Employees · 5 to 7May 9, 2024 to Mar 27, 2025
- State-registered IARs · 5 to 6May 9, 2024 to Mar 27, 2025
- Discretionary RAUM · $623M to $676MMay 9, 2024 to Mar 27, 2025
- HNW RAUM · $623M to $676MMay 9, 2024 to Mar 27, 2025
- RAUM · $623M to $676MMay 9, 2024 to Mar 27, 2025
- Accounts · 783 to 901Nov 15, 2023 to Mar 29, 2024
- Advisory employees · 4 to 5Nov 15, 2023 to Mar 29, 2024
- HNW clients · 108 to 116Nov 15, 2023 to Mar 29, 2024
- Assets in custody · $13.6M to $102MNov 15, 2023 to Mar 29, 2024
- Employees · 4 to 5Nov 15, 2023 to Mar 29, 2024
- State-registered IARs · 4 to 5Nov 15, 2023 to Mar 29, 2024
- Discretionary RAUM · $481M to $623MNov 15, 2023 to Mar 29, 2024
- HNW RAUM · $481M to $623MNov 15, 2023 to Mar 29, 2024
- RAUM · $481M to $623MNov 15, 2023 to Mar 29, 2024
- Accounts · 699 to 783Mar 22, 2022 to Mar 22, 2023
- HNW clients · 102 to 108Mar 22, 2022 to Mar 22, 2023
- Individual clients · 1.0 to unsetMar 22, 2022 to Mar 22, 2023
- Assets in custody · $128M to $13.6MMar 22, 2022 to Mar 22, 2023
- Employees · 5 to 4Mar 22, 2022 to Mar 22, 2023
- Discretionary RAUM · $558M to $481MMar 22, 2022 to Mar 22, 2023
- HNW RAUM · $558M to $481MMar 22, 2022 to Mar 22, 2023
- Individual RAUM · 454174.0 to unsetMar 22, 2022 to Mar 22, 2023
- RAUM · $558M to $481MMar 22, 2022 to Mar 22, 2023
- Accounts · 694 to 699Oct 28, 2021 to Mar 22, 2022
- HNW clients · 96 to 102Oct 28, 2021 to Mar 22, 2022
- Individual clients · 11 to 1Oct 28, 2021 to Mar 22, 2022
- Assets in custody · $135M to $128MOct 28, 2021 to Mar 22, 2022
- Employees · 4 to 5Oct 28, 2021 to Mar 22, 2022
- Discretionary RAUM · $473M to $558MOct 28, 2021 to Mar 22, 2022
- HNW RAUM · $470M to $558MOct 28, 2021 to Mar 22, 2022
- Individual RAUM · $2.6M to $454,174Oct 28, 2021 to Mar 22, 2022
- RAUM · $473M to $558MOct 28, 2021 to Mar 22, 2022
- Accounts · 625 to 694Sep 16, 2020 to Mar 18, 2021
- Advisory employees · 5 to 4Sep 16, 2020 to Mar 18, 2021
- HNW clients · 112 to 96Sep 16, 2020 to Mar 18, 2021
- Individual clients · unset to 11.0Sep 16, 2020 to Mar 18, 2021
Signals
11 dated events
- P•••••••• W•••••• L•• no longer on the SEC adviser roster (last listed 2025-07-01, RAUM $676.4M)Aug 1, 2025 · Left the SEC roster · derived
- S••••• E•••• T••••••••• left P•••••••• W•••••• L•• for E• W••••• A••••••• (registered 2025-04-08)Jul 15, 2025 · Advisor changed firm · fact
- R••••• J••• K•••• left P•••••••• W•••••• L•• for E• W••••• A••••••• (registered 2025-04-08)Jul 15, 2025 · Advisor changed firm · fact
- R•••• N••••••• S••• left P•••••••• W•••••• L•• for E• W••••• A••••••• (registered 2025-04-08)Jul 15, 2025 · Advisor changed firm · fact
- K••••••• M•••• V•••••• left P•••••••• W•••••• L•• for E• W••••• A••••••• (registered 2025-10-08)Jul 15, 2025 · Advisor changed firm · fact
- M•••• A••••••• P••••••• S•• F••••• left P•••••••• W•••••• L•• for E• W••••• A••••••• (registered 2025-04-08)Jul 15, 2025 · Advisor changed firm · fact
- B•••• W•••• D•••••• left P•••••••• W•••••• L•• for E• W••••• A••••••• (registered 2025-04-08)Jul 15, 2025 · Advisor changed firm · fact
- P•••••••• W•••••• L••'s advisors moved to E• W••••• A••••••• (San Francisco, CA): 6 of 6 registered, on the same dayJul 15, 2025 · Firm absorbed (people side) · derived
- P•••••••• W•••••• L•• reported RAUM $623.1M, up 30% from $480.7M (2023-11-15 to 2024-03-29)Mar 29, 2024 · RAUM change · derived
- D•••••• G••••• left P•••••••• W•••••• L•• for F•••••••• C•••••• M••••••••• L•• (registered 2023-08-22)Feb 27, 2023 · Advisor changed firm · fact
- Turakhia Tejal Shah (Managing Member) no longer on Schedule A of P•••••••• W•••••• L•• (listed 2018-03-13, absent 2019-03-28)Mar 28, 2019 · Control person left · inference
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