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

S••• W••••• M••••••••• L••

Former SEC-registered adviserMorristown, New JerseyCRD 153625SEC 801-71359IAPD
Latest filing Mar 31, 2022
First filing on the tape Mar 16, 2012 · 39 filings
RAUM
$110M
reported, Item 5.F
Discretionary
92%
of RAUM
Private clients
90%
$98.6M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
39 filings and snapshots on the tape
RAUM$110M as of Mar 31, 2022
Mar 16, 2012$148M then
HNW client RAUM$95.2M as of Mar 31, 2022
Mar 23, 2018$84.3M then
State-registered IARs (5.B.3)1 as of Mar 31, 2022
Mar 20, 20133 then
Employees (5.A)5 as of Mar 31, 2022
Mar 20, 20133 then
Private funds: no history
RAUM -3.9% over the last fiscal year-5.5% a year over threeIARs 4 to 1
Practice profile
derived from the filing of Mar 31, 2022; every figure names its basis
RAUM per advisor
$110MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
165derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$618,332derivedHNW RAUM over HNW clients
Average account
$167,716derivedRAUM over accounts (5.F.2.f)
Discretionary
92%derivedof RAUM
Institutional
0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
5.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-3.9%derivedbetween the last two annual amendments
Advisor growth, one year
-75%derivedItem 5.B.3 between annual amendments
Client growth, one year
-14%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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$95.2M87%
  • Corporations and businesses$11.1M10%
  • Individuals$3.3M3.0%
  • Pension and profit-sharing plans$198,5830.2%
Individual clients
11reported
HNW clients
154reported
Pension plan clients
1reported
Charitable clients
n/areported
Accounts
655reported
Financial planning clients
1-10reported
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
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • C••••• C•••••• L•••• · Chief Operating Officer, Chief Compliance Officercontrol
    since 05/2010 · owns less than 5%
  • S•••• J••••••• C••••• · Managing Member, Chief Executive Office, Chief Investment Officercontrol
    since 05/2010 · owns 75% or more
Related persons
Schedule D 7.A
Advisers that list S••• W••••• M••••••••• L•• as a related person
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 712 to 655
    Dec 9, 2021 to Mar 31, 2022
  • Advisory employees · 5 to 1
    Dec 9, 2021 to Mar 31, 2022
  • Corporate clients · unset to 20.0
    Dec 9, 2021 to Mar 31, 2022
  • HNW clients · 183 to 154
    Dec 9, 2021 to Mar 31, 2022
  • Individual clients · 9 to 11
    Dec 9, 2021 to Mar 31, 2022
  • Pension plan clients · unset to 1.0
    Dec 9, 2021 to Mar 31, 2022
  • Employees · 7 to 5
    Dec 9, 2021 to Mar 31, 2022
  • Insurance-licensed employees · 2 to 0
    Dec 9, 2021 to Mar 31, 2022
  • Financial planning clients · 0 to 1-10
    Dec 9, 2021 to Mar 31, 2022
  • State-registered IARs · 4 to 1
    Dec 9, 2021 to Mar 31, 2022
  • Discretionary RAUM · $105M to $101M
    Dec 9, 2021 to Mar 31, 2022
  • HNW RAUM · $112M to $95.2M
    Dec 9, 2021 to Mar 31, 2022
  • Individual RAUM · $2.7M to $3.3M
    Dec 9, 2021 to Mar 31, 2022
  • Non-discretionary RAUM · $9.0M to $8.7M
    Dec 9, 2021 to Mar 31, 2022
  • Pension RAUM · unset to 198583.0
    Dec 9, 2021 to Mar 31, 2022
  • RAUM · $114M to $110M
    Dec 9, 2021 to Mar 31, 2022
  • Accounts · 708 to 712
    Jun 19, 2020 to Mar 26, 2021
  • Advisory employees · 10 to 5
    Jun 19, 2020 to Mar 26, 2021
  • HNW clients · 152 to 183
    Jun 19, 2020 to Mar 26, 2021
  • Individual clients · 175 to 9
    Jun 19, 2020 to Mar 26, 2021
  • Employees · 10 to 7
    Jun 19, 2020 to Mar 26, 2021
  • Discretionary RAUM · $102M to $105M
    Jun 19, 2020 to Mar 26, 2021
  • HNW RAUM · $109M to $112M
    Jun 19, 2020 to Mar 26, 2021
  • Individual RAUM · $3.4M to $2.7M
    Jun 19, 2020 to Mar 26, 2021
  • Non-discretionary RAUM · $10.1M to $9.0M
    Jun 19, 2020 to Mar 26, 2021
  • RAUM · $112M to $114M
    Jun 19, 2020 to Mar 26, 2021
  • Accounts · 919 to 708
    Jul 30, 2019 to Mar 30, 2020
  • HNW clients · 169 to 152
    Jul 30, 2019 to Mar 30, 2020
  • Individual clients · 118 to 175
    Jul 30, 2019 to Mar 30, 2020
  • Other offices · 1 to 0
    Jul 30, 2019 to Mar 30, 2020
  • Discretionary RAUM · $116M to $102M
    Jul 30, 2019 to Mar 30, 2020
  • HNW RAUM · $110M to $109M
    Jul 30, 2019 to Mar 30, 2020
  • Individual RAUM · $19.1M to $3.4M
    Jul 30, 2019 to Mar 30, 2020
  • Non-discretionary RAUM · $13.9M to $10.1M
    Jul 30, 2019 to Mar 30, 2020
  • RAUM · $130M to $112M
    Jul 30, 2019 to Mar 30, 2020
  • Other offices · 0 to 1
    Jun 20, 2019 to Jul 30, 2019
  • Accounts · 784 to 919
    Nov 20, 2018 to Mar 27, 2019
  • Advisory employees · 11 to 10
    Nov 20, 2018 to Mar 27, 2019
  • HNW clients · 118 to 169
    Nov 20, 2018 to Mar 27, 2019
  • Individual clients · 157 to 118
    Nov 20, 2018 to Mar 27, 2019
Signals
No event on the tape.
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
Across the graphs

S••• W••••• M••••••••• L•• is the same institution as 1 record in Real Estate Funds.

Real Estate Funds1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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