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

L••

Independent wealth managerL••••• - Ticino, CRD 152864SEC 801-71074websiteIAPD
Legal name L••••• F•••••••• A••••••• S•••
Latest filing Aug 24, 2026
First filing on the tape Mar 12, 2012 · 37 filings
SEC status approved since Feb 3, 2010
RAUM
$1.1B
reported, Item 5.F
Discretionary
52%
of RAUM
Private clients
93%
$1.0B individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$1.1B
derived; firm RAUM over IAPD count
Employees
11
9 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
37 filings and snapshots on the tape
RAUM$1.1B as of Aug 24, 2026
Mar 12, 2012$535M then
HNW client RAUM$926M as of Aug 24, 2026
Mar 13, 2018$555M then
State-registered IARs (5.B.3)1 as of Aug 24, 2026
Mar 12, 20120 then
Employees (5.A)11 as of Aug 24, 2026
Mar 26, 20137 then
Private funds: no history
RAUM +23% over the last fiscal year+8.9% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Aug 24, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$1.1BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
300derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$6.0MderivedHNW RAUM over HNW clients
Average account
$3.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
52%derivedof RAUM
Institutional
7.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
11.0derivedItem 5.A over advisors
Advisors per office
0.3derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+23%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+11%derived
Compensation
percentage of assets, hourly, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, otherreportedItem 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$926M85%
  • Individuals$86.4M7.9%
  • Charitable organizations$77.8M7.1%
Individual clients
145reported
HNW clients
155reported
Pension plan clients
0reported
Charitable clients
2reported
Accounts
302reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourly, performancereported
Class basis
private_client_share=0.93 fund_share=0.0 institutional_share=0.07 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
F•••••••• B•••••••••L••••• - TicinoMar 4, 201317 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
      • B•••••• W•••••• W•••• · Senior Relationship Managercontrol
        since 07/2023 · owns 10% to 25%
      • B•••••••• M•••••• · Chief Investment Officer (Cio)control
        since 04/2026 · owns less than 5%
      • M••••• E••••••• M•••••• · Chief Investment Officer (Cio)control
        since 07/2023 · owns less than 5%
      • P••••• P•••• · Senior Relationship Managercontrol
        since 09/2018 · owns less than 5%
      • B••••••••• F•••••••• · Shareholdercontrol
        since 01/2011 · owns 25% to 50% of L•• H•••••• S•
      • S•••••••• S•••• D•••• S••••• · Shareholdercontrol
        since 01/2011 · owns 25% to 50% of L•• H•••••• S•
      • A•••••• T••••• · Relationship Manager Advisor
        since 09/2025 · owns less than 5%
      • A••••••• R•••••• R••••• · Senior Relationship Manager
        since 08/2023 · owns less than 5%
      • B••••••••• P•••••• · Risk Manager
        since 09/2024 · owns less than 5%
      • B••••• L•••• D••••• · Senior Investment Advisor
        since 09/2016 · owns less than 5%
      • C••••••• M••••• · Chief Compliance Officer
        since 01/2018 · owns less than 5%
      • D• M••••• R••••••• · Portfolio Manager
        since 08/2025 · owns less than 5%
      • H•••••• M•••••• · Senior Relationship Manager
        since 07/2023 · owns less than 5%
      • K••••• A••••• · Senior Relationship Manager
        since 07/2023 · owns less than 5%
      • ••• P••••• · Investment Advisor
        since 08/2026 · owns less than 5%
      • S••••••• F•••••• · Head Western Switzerland
        since 04/2024 · owns less than 5%
      • S•••••••• V•••••• · Junior Risk Manager
        since 01/2026 · owns less than 5%
      Entity owners
      • L•• H•••••• S• · Owner
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      • E••••••• F••••• O••••• S•
        investment advisern
      • L••••••• S•
        investment advisern
      Offices
      Schedule D 1.F, the 25 largest
      • Zurich, Switzerland5 employees
      • Sion, Switzerland1 employees
      ADV anomalies
      5 against comparable advisers; where to look, not conclusions
      • control person changedChange between filings · filing Aug 24, 2026
        B•••••••• M•••••• (CHIEF INVESTMENT OFFICER (CIO)) appeared on Schedule A between the filings of 2024-10-10 and 2026-08-24
        peers: independent wealth managers, $1B to $5B (1,362)
      • control person changedChange between filings · filing Aug 24, 2026
        B••••••••• F•••••••• (SHAREHOLDER) left Schedule A between the filings of 2024-10-10 and 2026-08-24
        peers: independent wealth managers, $1B to $5B (1,362)
      • control person changedChange between filings · filing Aug 24, 2026
        B•••••• W•••••• W•••• (SENIOR RELATIONSHIP MANAGER) left Schedule A between the filings of 2024-10-10 and 2026-08-24
        peers: independent wealth managers, $1B to $5B (1,362)
      • control person changedChange between filings · filing Aug 24, 2026
        S•••••••• S•••• D•••• S••••• (SHAREHOLDER) left Schedule A between the filings of 2024-10-10 and 2026-08-24
        peers: independent wealth managers, $1B to $5B (1,362)
      • control person changedChange between filings · filing Aug 24, 2026
        M••••• E••••••• M•••••• (CHIEF INVESTMENT OFFICER (CIO)) left Schedule A between the filings of 2024-10-10 and 2026-08-24
        peers: independent wealth managers, $1B to $5B (1,362)
      What changed
      consecutive filings, newest first
      • Accounts · 271 to 302
        Oct 10, 2025 to Mar 17, 2026
      • Charity clients · 1 to 2
        Oct 10, 2025 to Mar 17, 2026
      • HNW clients · 136 to 155
        Oct 10, 2025 to Mar 17, 2026
      • Individual clients · 134 to 145
        Oct 10, 2025 to Mar 17, 2026
      • Discretionary RAUM · $476M to $570M
        Oct 10, 2025 to Mar 17, 2026
      • HNW RAUM · $743M to $926M
        Oct 10, 2025 to Mar 17, 2026
      • Individual RAUM · $69.0M to $86.4M
        Oct 10, 2025 to Mar 17, 2026
      • Non-discretionary RAUM · $407M to $521M
        Oct 10, 2025 to Mar 17, 2026
      • RAUM · $883M to $1.1B
        Oct 10, 2025 to Mar 17, 2026
      • Advisory employees · 8 to 9
        Mar 5, 2025 to Jul 11, 2025
      • Financial planning clients · unset to
        Mar 5, 2025 to Jul 11, 2025
      • Accounts · 280 to 271
        Oct 28, 2024 to Mar 5, 2025
      • Advisory employees · 9 to 8
        Oct 28, 2024 to Mar 5, 2025
      • Charity clients · unset to 1.0
        Oct 28, 2024 to Mar 5, 2025
      • HNW clients · 115 to 136
        Oct 28, 2024 to Mar 5, 2025
      • Individual clients · 111 to 134
        Oct 28, 2024 to Mar 5, 2025
      • Employees · 12 to 11
        Oct 28, 2024 to Mar 5, 2025
      • HQ state · unset to
        Oct 28, 2024 to Mar 5, 2025
      • Discretionary RAUM · $409M to $476M
        Oct 28, 2024 to Mar 5, 2025
      • HNW RAUM · $654M to $743M
        Oct 28, 2024 to Mar 5, 2025
      • Individual RAUM · $74.4M to $69.0M
        Oct 28, 2024 to Mar 5, 2025
      • Non-discretionary RAUM · $582M to $407M
        Oct 28, 2024 to Mar 5, 2025
      • RAUM · $991M to $883M
        Oct 28, 2024 to Mar 5, 2025
      • Other offices · 1 to 2
        Feb 7, 2024 to Jun 12, 2024
      • Accounts · 287 to 280
        Jan 16, 2024 to Feb 7, 2024
      • Advisory employees · 7 to 9
        Jan 16, 2024 to Feb 7, 2024
      • HNW clients · 124 to 115
        Jan 16, 2024 to Feb 7, 2024
      • Individual clients · 108 to 111
        Jan 16, 2024 to Feb 7, 2024
      • Employees · 11 to 12
        Jan 16, 2024 to Feb 7, 2024
      • Discretionary RAUM · $356M to $409M
        Jan 16, 2024 to Feb 7, 2024
      • HNW RAUM · $561M to $654M
        Jan 16, 2024 to Feb 7, 2024
      • Individual RAUM · $52.6M to $74.4M
        Jan 16, 2024 to Feb 7, 2024
      • Non-discretionary RAUM · $486M to $582M
        Jan 16, 2024 to Feb 7, 2024
      • RAUM · $843M to $991M
        Jan 16, 2024 to Feb 7, 2024
      • Accounts · 242 to 287
        Oct 24, 2022 to Jan 30, 2023
      • HNW clients · 126 to 124
        Oct 24, 2022 to Jan 30, 2023
      • Individual clients · 115 to 108
        Oct 24, 2022 to Jan 30, 2023
      • Employees · 12 to 11
        Oct 24, 2022 to Jan 30, 2023
      • Discretionary RAUM · $404M to $356M
        Oct 24, 2022 to Jan 30, 2023
      • HNW RAUM · $599M to $561M
        Oct 24, 2022 to Jan 30, 2023
      Signals
      7 dated events
      • P•••••• B•••••••• (Risk Manager) appeared on Schedule A of Lfa
        Oct 10, 2024 · Control person joined · fact
      • M••••• O•••••••• (Risk Manager) no longer on Schedule A of Lfa (listed 2024-06-12, absent 2024-10-10)
        Oct 10, 2024 · Control person left · inference
      • M•••••• B••••••• (Chief Investment Officer) no longer on Schedule A of Lfa (listed 2023-01-30, absent 2023-07-05)
        Jul 5, 2023 · Control person left · inference
      • M•••••• E•••••• M•••• (Chief Investment Officer (Cio)) appeared on Schedule A of Lfa
        Jul 5, 2023 · Control person joined · fact
      • Walter Biland (Senior Relationship Manager) appeared on Schedule A of Lfa
        Jul 5, 2023 · Control person joined · fact
      • M•••••• Vanossi (Shareholder) no longer on Schedule A of Lfa (listed 2020-06-25, absent 2020-09-25)
        Sep 25, 2020 · Control person left · inference
      • M••••• O•••••••• (Risk Manager) appeared on Schedule A of Lfa
        Feb 15, 2019 · Control person joined · 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
      info@americanswelcome.swissreportedpublished by the firm, firm site, Sep 17, 2026
      Website
      americanswelcome.swiss/lfareportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      +41919212533reportedpublic record, Form ADV, Aug 24, 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
      $1.1Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026