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.
SEC-registered adviser
Lm Advisors LLC
Latest filing Mar 30, 2026
First filing on the tape Feb 21, 2012 · 24 filings
SEC status approved since Apr 25, 2011
RAUM
$2.9B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
84%
$2.4B individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$575M
derived; firm RAUM over IAPD count
Employees
22
8 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
1
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$2.9B as of Mar 30, 2026
Feb 21, 2012$952M then
HNW client RAUM$2.3B as of Mar 30, 2026
Apr 3, 2018$1.4B then
State-registered IARs (5.B.3)5 as of Mar 30, 2026
Feb 21, 20120 then
Employees (5.A)22 as of Mar 30, 2026
Mar 13, 20135 then
Private funds1 as of Mar 30, 2026
Mar 31, 20171 then
RAUM +25% over the last fiscal year+13% a year over threeIARs 4 to 5
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $575MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 108derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $7.9MderivedHNW RAUM over HNW clients
- Average account
- $2.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 13%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.4derivedItem 5.A over advisors
- Advisors per office
- 2.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +25%derivedbetween the last two annual amendments
- Advisor growth, one year
- +25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +24%derived
- Compensation
- percentage of assets, fixed fees, otherreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Ownership
- controlled by a public reporting companyderived
- 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)
- controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$2.3B81%
- Insurance companies$336M12%
- Individuals$94.3M3.3%
- Pooled investment vehicles$76.7M2.7%
- Pension and profit-sharing plans$27.0M0.9%
- Charitable organizations$9.3M0.3%
- Individual clients
- 245reported
- HNW clients
- 295reported
- Pension plan clients
- 20reported
- Charitable clients
- 3reported
- Accounts
- 1,466reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.84 fund_share=0.03 institutional_share=0.13 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Jonathan Lesley ChatfieldChartered Financial Analyst | San Diego, Ca | Mar 27, 2023 | 30 y | 10 |
| Yoel Bank | San Diego, Ca | Jun 15, 2024 | 11 y | 0 |
| Leonardo Simpser | San Diego, Ca | Jul 22, 2024 | 16 y | 0 |
| Luis Maizel | San Diego, Ca | Jul 29, 2024 | 42 y | 1 |
| Alberto Assad | San Diego, Ca | Jun 9, 2025 | 12 y | 0 |
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
- Luis Maizel from Lm Advisors IncJul 29, 2024 · Other
- Jonathan Lesley Chatfield from Probabilities Fund Management, LLCMar 27, 2023 · Other
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Lma Balanced Segregated Portfolio | Other Private Fund | $76.7M | 73 | Mar 31, 2017 |
Owners and control persons
Schedule A and B, latest filing
- Lesley Jonathan Chatfield · Chief Compliance Officercontrolsince 03/2023 · owns less than 5%
- Luis Maizel · Managing Membercontrolsince 01/2011 · owns less than 5%
- Leonardo Simpser · Managing Membercontrolsince 01/2011 · owns 50% to 75%
- Uriel Bank · Trusteecontrolsince 04/2017 · owns 75% or more of Laikabf Irrevocable Trust
- Yoel Bank · President And Trusteecontrolsince 05/2011 · owns 75% or more of Goodbank Irrevocable Trust
- Josef Frymerman · General Managercontrolsince 08/2016 · owns 75% or more of Jfkapital S.A.
- Luis Maizel · Trusteecontrolsince 10/1989 · owns 50% to 75% of Maiz Trust
- Sally Maizel · Trusteecontrolsince 10/1989 · owns 50% to 75% of Maiz Trust
Entity owners
- Goodbank Irrevocable Trust · Trusteeindirect · owns 50% to 75% of Goodbank Investment LLC
- Jfkapital S.A. · Managing Memberindirect · owns 75% or more of Jfkapital LLC
- Laikabf Irrevocable Trust · Trusteeindirect · owns 25% to 50% of Goodbank Investment LLC
- Goodbank Investment LLC · Memberdirect · owns less than 5%
- Jfkapital LLC · Memberdirect · owns less than 5%
- Maiz Trust · Memberdirect · owns 10% to 25%
- Youthbet Capital · Memberdirect · owns 10% to 25%
Related persons
Schedule D 7.A
- Llj Ventures LLCpooled vehicle sponsorn
- Lm Capital Group, LLCinvestment advisernRAUM $6.1B
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| San Diego, Ca · principal | 5 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Mexico City, Mexico1 employees
ADV anomalies
5 against comparable advisers; where to look, not conclusions
- high employee count relative to advisorsStatic outlier · filing Mar 30, 2026employees per registered advisor of 4.4 against a peer median of 1.5 (1101 comparable advisers, 98.0th percentile, 6.0 robust deviations)peers: independent wealth managers, $1B to $5B (1,101) · 98% percentile
- control person changedChange between filings · filing Mar 30, 2026BANK, URIEL (TRUSTEE) left Schedule A between the filings of 2023-03-24 and 2026-03-30peers: independent wealth managers, $1B to $5B (1,362)
- control person changedChange between filings · filing Mar 30, 2026MAIZEL, SALLY (TRUSTEE) left Schedule A between the filings of 2023-03-24 and 2026-03-30peers: independent wealth managers, $1B to $5B (1,362)
- control person changedChange between filings · filing Mar 30, 2026Bank, Yoel (PRESIDENT AND TRUSTEE) left Schedule A between the filings of 2023-03-24 and 2026-03-30peers: independent wealth managers, $1B to $5B (1,362)
- control person changedChange between filings · filing Mar 30, 2026FRYMERMAN, JOSEF (GENERAL MANAGER) left Schedule A between the filings of 2023-03-24 and 2026-03-30peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
- Accounts · 1,158 to 1,466Mar 27, 2025 to Mar 30, 2026
- Charity clients · 4 to 3Mar 27, 2025 to Mar 30, 2026
- HNW clients · 265 to 295Mar 27, 2025 to Mar 30, 2026
- Individual clients · 170 to 245Mar 27, 2025 to Mar 30, 2026
- Employees · 21 to 22Mar 27, 2025 to Mar 30, 2026
- State-registered IARs · 4 to 5Mar 27, 2025 to Mar 30, 2026
- Discretionary RAUM · $2.3B to $2.9BMar 27, 2025 to Mar 30, 2026
- HNW RAUM · $1.8B to $2.3BMar 27, 2025 to Mar 30, 2026
- Individual RAUM · $57.6M to $94.3MMar 27, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $13.6M to $14.4MMar 27, 2025 to Mar 30, 2026
- Pension RAUM · $24.2M to $27.0MMar 27, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $72.0M to $76.7MMar 27, 2025 to Mar 30, 2026
- RAUM · $2.3B to $2.9BMar 27, 2025 to Mar 30, 2026
- Accounts · 977 to 1,158Mar 26, 2024 to Mar 27, 2025
- HNW clients · 254 to 265Mar 26, 2024 to Mar 27, 2025
- Individual clients · 156 to 170Mar 26, 2024 to Mar 27, 2025
- Pension plan clients · 5 to 20Mar 26, 2024 to Mar 27, 2025
- Financial planning clients · unset to Mar 26, 2024 to Mar 27, 2025
- State-registered IARs · 1 to 4Mar 26, 2024 to Mar 27, 2025
- Discretionary RAUM · $2.1B to $2.3BMar 26, 2024 to Mar 27, 2025
- HNW RAUM · $1.7B to $1.8BMar 26, 2024 to Mar 27, 2025
- Individual RAUM · $60.0M to $57.6MMar 26, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $16.9M to $13.6MMar 26, 2024 to Mar 27, 2025
- Pension RAUM · $10.7M to $24.2MMar 26, 2024 to Mar 27, 2025
- Pooled vehicle RAUM · $70.1M to $72.0MMar 26, 2024 to Mar 27, 2025
- RAUM · $2.1B to $2.3BMar 26, 2024 to Mar 27, 2025
- Accounts · 1,084 to 977Mar 24, 2023 to Mar 26, 2024
- HNW clients · 257 to 254Mar 24, 2023 to Mar 26, 2024
- Individual clients · 166 to 156Mar 24, 2023 to Mar 26, 2024
- Employees · 20 to 21Mar 24, 2023 to Mar 26, 2024
- State-registered IARs · 0 to 1Mar 24, 2023 to Mar 26, 2024
- Discretionary RAUM · $2.0B to $2.1BMar 24, 2023 to Mar 26, 2024
- HNW RAUM · $1.8B to $1.7BMar 24, 2023 to Mar 26, 2024
- Individual RAUM · $58.2M to $60.0MMar 24, 2023 to Mar 26, 2024
- Non-discretionary RAUM · $12.6M to $16.9MMar 24, 2023 to Mar 26, 2024
- Pension RAUM · $9.5M to $10.7MMar 24, 2023 to Mar 26, 2024
- Pooled vehicle RAUM · $65.8M to $70.1MMar 24, 2023 to Mar 26, 2024
- RAUM · $2.0B to $2.1BMar 24, 2023 to Mar 26, 2024
- Accounts · 1,026 to 1,084Jun 2, 2022 to Mar 24, 2023
- Advisory employees · 7 to 8Jun 2, 2022 to Mar 24, 2023
Signals
4 dated events
- Lesley Jonathan Chatfield (Chief Compliance Officer) appeared on Schedule A of Lm Advisors LlcMar 24, 2023 · Control person joined · fact
- Tobias Gorodzinsky (Chief Compliance Officer) no longer on Schedule A of Lm Advisors Llc (listed 2022-06-02, absent 2023-03-24)Mar 24, 2023 · Control person left · inference
- Sally Maizel (Trustee) appeared on Schedule A of Lm Advisors LlcMar 30, 2020 · Control person joined · fact
- Uriel Bank (Trustee) appeared on Schedule A of Lm Advisors LlcMar 30, 2020 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- LM Advisors LLC · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Website
- LMADVISORS.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 619-814-1400reportedpublic record, Form ADV, Mar 30, 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
- $575Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026