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

M•••••• I••••••••• L••

Former SEC-registered adviserLeawood, KansasCRD 152607SEC 801-71142IAPD
Latest filing Jul 13, 2016
First filing on the tape Mar 29, 2012 · 13 filings
RAUM
$35.8M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
48
4 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
1
$4.5M gross assets
History
13 filings and snapshots on the tape
RAUM$35.8M as of Mar 29, 2016
Mar 29, 2012$9.6B then
HNW client RAUM: no history
State-registered IARs (5.B.3)38 as of Mar 29, 2016
Apr 1, 201316 then
Employees (5.A)48 as of Mar 29, 2016
Apr 1, 201321 then
Private funds1 as of Mar 29, 2016
Mar 29, 20121 then
RAUM -86% over the last fiscal year-45% a year over threeIARs 30 to 38
Practice profile
derived from the filing of Jul 13, 2016; every figure names its basis
RAUM per advisor
$941,311derivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW 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
1.3derivedItem 5.A over advisors
Advisors per office
38.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-86%derivedbetween the last two annual amendments
Advisor growth, one year
+27%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for pooled vehicles, portfolio management for investment companies, selection of other advisersreportedItem 5.G
Custody
$4.5M, 1 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)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
12reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$4.5M for 1 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
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • B•••••••• M•••••• C••••••••• · Chief Executive Officercontrol
      since 01/2010 · owns less than 5%
    • D•••••• A•••• J•••••• · Chief Compliance Officercontrol
      since 01/2014 · owns less than 5%
    • H•••••• G•••• P••• · President/Chief Investment Officercontrol
      since 01/2010 · owns less than 5%
    • V••••••• C•••••• R•••• · Chief Strategy Officercontrol
      since 08/2011 · owns less than 5%
    • B•••••••• M•••••• C••••••••• · Elected Managercontrol
      since 07/2007 · owns F of B••••••• F••••• H•••••• C••••••• L••
    Entity owners
    • M•••••• H•••••••• L•• · Managing Member
      direct · owns 75% or more
    • B••••••• F••••• H•••••• C••••••• L•• · Manager
      indirect · owns 75% or more of M•••••• H•••••••• L••
    Related persons
    Schedule D 7.A
    Advisers that list M•••••• I••••••••• L•• as a related person
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 15 to 12
      Mar 27, 2015 to Mar 29, 2016
    • BD registered reps · 30 to 38
      Mar 27, 2015 to Mar 29, 2016
    • Assets in custody · $26.0M to $4.5M
      Mar 27, 2015 to Mar 29, 2016
    • Employees · 43 to 48
      Mar 27, 2015 to Mar 29, 2016
    • State-registered IARs · 30 to 38
      Mar 27, 2015 to Mar 29, 2016
    • Discretionary RAUM · $136M to $35.8M
      Mar 27, 2015 to Mar 29, 2016
    • Non-discretionary RAUM · $114M to $0
      Mar 27, 2015 to Mar 29, 2016
    • RAUM · $250M to $35.8M
      Mar 27, 2015 to Mar 29, 2016
    • Accounts · 24 to 15
      Mar 27, 2014 to Mar 27, 2015
    • Advisory activities · 5 to 4
      Mar 27, 2014 to Mar 27, 2015
    • BD registered reps · 21 to 30
      Mar 27, 2014 to Mar 27, 2015
    • Assets in custody · $29.0M to $25.3M
      Mar 27, 2014 to Mar 27, 2015
    • Employees · 23 to 43
      Mar 27, 2014 to Mar 27, 2015
    • Insurance-licensed employees · 1 to 0
      Mar 27, 2014 to Mar 27, 2015
    • State-registered IARs · 20 to 30
      Mar 27, 2014 to Mar 27, 2015
    • Discretionary RAUM · $115M to $136M
      Mar 27, 2014 to Mar 27, 2015
    • Non-discretionary RAUM · $121M to $114M
      Mar 27, 2014 to Mar 27, 2015
    • RAUM · $237M to $250M
      Mar 27, 2014 to Mar 27, 2015
    • Assets in custody · $25.3M to $26.0M
      Mar 27, 2015 to Mar 27, 2015
    • Accounts · 56 to 24
      Apr 1, 2013 to Mar 27, 2014
    • Advisory activities · 4 to 5
      Apr 1, 2013 to Mar 27, 2014
    • BD registered reps · 17 to 21
      Apr 1, 2013 to Mar 27, 2014
    • Assets in custody · $26.1M to $29.0M
      Apr 1, 2013 to Mar 27, 2014
    • Employees · 21 to 23
      Apr 1, 2013 to Mar 27, 2014
    • Insurance-licensed employees · 0 to 1
      Apr 1, 2013 to Mar 27, 2014
    • State-registered IARs · 16 to 20
      Apr 1, 2013 to Mar 27, 2014
    • Discretionary RAUM · $95.0M to $115M
      Apr 1, 2013 to Mar 27, 2014
    • Non-discretionary RAUM · $124M to $121M
      Apr 1, 2013 to Mar 27, 2014
    • RAUM · $219M to $237M
      Apr 1, 2013 to Mar 27, 2014
    • Accounts · 64 to 56
      Oct 26, 2012 to Apr 1, 2013
    • Advisory employees · unset to 4.0
      Oct 26, 2012 to Apr 1, 2013
    • BD registered reps · unset to 17.0
      Oct 26, 2012 to Apr 1, 2013
    • Employees · unset to 21.0
      Oct 26, 2012 to Apr 1, 2013
    • State-registered IARs · unset to 16.0
      Oct 26, 2012 to Apr 1, 2013
    • Discretionary RAUM · $256M to $95.0M
      Oct 26, 2012 to Apr 1, 2013
    • Non-discretionary RAUM · $0 to $124M
      Oct 26, 2012 to Apr 1, 2013
    • RAUM · $256M to $219M
      Oct 26, 2012 to Apr 1, 2013
    • Related bank · false to true
      Oct 26, 2012 to Apr 1, 2013
    • Accounts · 1,880 to 64
      Sep 24, 2012 to Oct 26, 2012
    • Assets in custody · $13.6M to $26.1M
      Sep 24, 2012 to Oct 26, 2012
    Signals
    No event on the tape.
    Across DFX
    shared identifiers only, never a name match
    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