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•••••• I••••••••• A•••••••• L••
Latest filing Jan 20, 2026
First filing on the tape Mar 29, 2012 · 17 filings
SEC status approved since Apr 19, 2010
RAUM
$335M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
98%
$328M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$335M as of Jan 20, 2026
Mar 29, 2012$145M then
HNW client RAUM$284M as of Jan 20, 2026
Mar 29, 2018$166M then
State-registered IARs (5.B.3)3 as of Jan 20, 2026
Mar 29, 20120 then
Employees (5.A)6 as of Jan 20, 2026
Apr 1, 20134 then
Private funds: no history
RAUM +4.1% over the last fiscal year+7.7% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Jan 20, 2026; every figure names its basis
- RAUM per advisor
- $112MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 81derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.4MderivedHNW RAUM over HNW clients
- Average account
- $442,014derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 1.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +4.1%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +4.3%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 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
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$284M85%
- Individuals$44.1M13%
- Pension and profit-sharing plans$6.0M1.8%
- Corporations and businesses$1.6M0.5%
- Charitable organizations$162,6640.0%
- Individual clients
- 124reported
- HNW clients
- 118reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 759reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- 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
3 left, 0 joined in 12 months
net -3 in 12 months0 left in 90 days0 joined in 90 days3 left over 36 months
Left, latest
- J•••• K••• P•••••• to D••••••••• L••Feb 26, 2026 · RIA to RIA
- N••••••• M•••••• A••••• to D••••••••• L••Feb 26, 2026 · RIA to RIA
- R••••• N••••• P•••••• to D••••••••• L••Feb 26, 2026 · RIA to RIA
Joined, latest
- J•••• K••• P•••••• from M••••••• P••••••• L••Jul 23, 2010 · Other
- R••••• N••••• P•••••• from M••••••• P••••••• L••Jul 23, 2010 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for D••••••••• L••Feb 26, 2026 · Ann Arbor, Mi · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- P••••••• J••••• K••• · Chief Compliance Officercontrolsince 06/2010 · owns 50% to 75%
- P••••••• R•••••• N••••• · Managing Membercontrolsince 06/2010 · owns 50% to 75%
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 |
|---|---|---|---|---|---|
| Ann Arbor, Mi · principal | 0 | 0 | 3 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 721 to 759Mar 27, 2025 to Jan 20, 2026
- HNW clients · 121 to 118Mar 27, 2025 to Jan 20, 2026
- Individual clients · 111 to 124Mar 27, 2025 to Jan 20, 2026
- Discretionary RAUM · $316M to $328MMar 27, 2025 to Jan 20, 2026
- HNW RAUM · $280M to $284MMar 27, 2025 to Jan 20, 2026
- Individual RAUM · $35.6M to $44.1MMar 27, 2025 to Jan 20, 2026
- Non-discretionary RAUM · $6.0M to $7.1MMar 27, 2025 to Jan 20, 2026
- Pension RAUM · $5.4M to $6.0MMar 27, 2025 to Jan 20, 2026
- RAUM · $322M to $335MMar 27, 2025 to Jan 20, 2026
- Accounts · 686 to 721Mar 18, 2024 to Mar 27, 2025
- HNW clients · 100 to 121Mar 18, 2024 to Mar 27, 2025
- Individual clients · 124 to 111Mar 18, 2024 to Mar 27, 2025
- Financial planning clients · 101-250 to 101-250Mar 18, 2024 to Mar 27, 2025
- Discretionary RAUM · $285M to $316MMar 18, 2024 to Mar 27, 2025
- HNW RAUM · $240M to $280MMar 18, 2024 to Mar 27, 2025
- Individual RAUM · $43.1M to $35.6MMar 18, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $5.3M to $6.0MMar 18, 2024 to Mar 27, 2025
- Pension RAUM · $3.9M to $5.4MMar 18, 2024 to Mar 27, 2025
- RAUM · $290M to $322MMar 18, 2024 to Mar 27, 2025
- Accounts · 670 to 686Mar 22, 2023 to Mar 18, 2024
- HNW clients · 103 to 100Mar 22, 2023 to Mar 18, 2024
- Individual clients · 119 to 124Mar 22, 2023 to Mar 18, 2024
- Discretionary RAUM · $265M to $285MMar 22, 2023 to Mar 18, 2024
- HNW RAUM · $228M to $240MMar 22, 2023 to Mar 18, 2024
- Individual RAUM · $34.9M to $43.1MMar 22, 2023 to Mar 18, 2024
- Non-discretionary RAUM · $4.4M to $5.3MMar 22, 2023 to Mar 18, 2024
- Pension RAUM · $2.7M to $3.9MMar 22, 2023 to Mar 18, 2024
- RAUM · $269M to $290MMar 22, 2023 to Mar 18, 2024
- Accounts · 630 to 670Mar 30, 2022 to Mar 22, 2023
- Charity clients · 2.0 to unsetMar 30, 2022 to Mar 22, 2023
- Corporate clients · 3.0 to unsetMar 30, 2022 to Mar 22, 2023
- HNW clients · 102 to 103Mar 30, 2022 to Mar 22, 2023
- Individual clients · 108 to 119Mar 30, 2022 to Mar 22, 2023
- Pension plan clients · 8.0 to unsetMar 30, 2022 to Mar 22, 2023
- Discretionary RAUM · $290M to $265MMar 30, 2022 to Mar 22, 2023
- HNW RAUM · $252M to $228MMar 30, 2022 to Mar 22, 2023
- Individual RAUM · $34.6M to $34.9MMar 30, 2022 to Mar 22, 2023
- Non-discretionary RAUM · $3.2M to $4.4MMar 30, 2022 to Mar 22, 2023
- Pension RAUM · $3.0M to $2.7MMar 30, 2022 to Mar 22, 2023
- RAUM · $293M to $269MMar 30, 2022 to Mar 22, 2023
Signals
5 dated events
- P•••••• I••••••••• A•••••••• L•• no longer on the SEC adviser roster (last listed 2026-02-02, RAUM $335.5M)Mar 2, 2026 · Left the SEC roster · derived
- N••••••• M•••••• A••••• left P•••••• I••••••••• A•••••••• L•• for D••••••••• L•• (registered 2026-02-02)Feb 26, 2026 · Advisor changed firm · fact
- J•••• K••• P•••••• left P•••••• I••••••••• A•••••••• L•• for D••••••••• L•• (registered 2026-02-02)Feb 26, 2026 · Advisor changed firm · fact
- R••••• N••••• P•••••• left P•••••• I••••••••• A•••••••• L•• for D••••••••• L•• (registered 2026-02-02)Feb 26, 2026 · Advisor changed firm · fact
- P•••••• I••••••••• A•••••••• L••'s advisors moved to D••••••••• L•• (Ann Arbor, MI): 3 of 3 registered, on the same dayFeb 26, 2026 · Firm absorbed (people side) · derived
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