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•••••• C••••••• L••

Former SEC-registered adviserIrvine, CaliforniaCRD 154586SEC 801-71825IAPD
Latest filing Sep 10, 2020
First filing on the tape Mar 20, 2012 · 20 filings
RAUM
$16.7M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
88%
$14.7M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
$1.0M gross assets
History
20 filings and snapshots on the tape
RAUM$16.7M as of Mar 30, 2020
Mar 20, 2012$250M then
HNW client RAUM$14.7M as of Mar 30, 2020
Mar 6, 2018$50.0M then
State-registered IARs (5.B.3)0 as of Mar 30, 2020
Mar 28, 20130 then
Employees (5.A)3 as of Mar 30, 2020
Mar 28, 20137 then
Private funds: 1
RAUM -83% over the last fiscal year-58% a year over threeIARs 0 to 3offices 1 to 0
Practice profile
derived from the filing of Sep 10, 2020; every figure names its basis
RAUM per advisor
$5.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$816,667derivedHNW RAUM over HNW clients
Average account
$835,000derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
6.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-83%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$1.0M, 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • 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$14.7M88%
  • Pooled investment vehicles$1.0M6.0%
  • Charitable organizations$1.0M6.0%
Individual clients
n/areported
HNW clients
18reported
Pension plan clients
n/areported
Charitable clients
1reported
Accounts
20reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$1.0M for 1 clientsreported
Compensation
% of AUM, performancereported
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
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      H••••••• F••• L•••Hedge Fund$1.0M4Mar 30, 2020
      Owners and control persons
      Schedule A and B, latest filing
      • C••••• D••••• C•••••• · Chief Investment Officer / Ciocontrol
        since 07/2010 · owns less than 5%
      • N•••••• A•••••• R•••• · Sr Strategistcontrol
        since 07/2010 · owns less than 5%
      • S•••••• L••••• L••• · Chief Compliance Officercontrol
        since 10/2019 · owns less than 5%
      • C••••• D••••• C•••••• · Chief Investment Officer / Ciocontrol
        since 07/2010 · owns 75% or more of S•••••• I••••••••• L••
      • N•••••• A•••••• R•••• · Sr Strategist
        since 07/2010 · owns F of S•••••• I••••••••• L••
      Entity owners
      • S•••••• I••••••••• L•• · Member Manager
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 2 to 3
        Jul 23, 2020 to Aug 9, 2020
      • State-registered IARs · 1 to 3
        Jul 23, 2020 to Aug 9, 2020
      • State-registered IARs · 0 to 1
        Jul 8, 2020 to Jul 23, 2020
      • Advisory activities · 3 to 2
        May 10, 2019 to Mar 30, 2020
      • Charity clients · unset to 1.0
        May 10, 2019 to Mar 30, 2020
      • Pooled vehicle clients · unset to 1.0
        May 10, 2019 to Mar 30, 2020
      • Assets in custody · unset to 1000000.0
        May 10, 2019 to Mar 30, 2020
      • Custody of client assets · false to true
        May 10, 2019 to Mar 30, 2020
      • Employees · 2 to 3
        May 10, 2019 to Mar 30, 2020
      • Other offices · 1 to 0
        May 10, 2019 to Mar 30, 2020
      • Private funds · unset to 1
        May 10, 2019 to Mar 30, 2020
      • Discretionary RAUM · $100M to $16.7M
        May 10, 2019 to Mar 30, 2020
      • HNW RAUM · $10.0M to $14.7M
        May 10, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $0 to $1.0M
        May 10, 2019 to Mar 30, 2020
      • RAUM · $100M to $16.7M
        May 10, 2019 to Mar 30, 2020
      • Related insurance company · true to false
        May 10, 2019 to Mar 30, 2020
      • Accounts · 30 to 20
        Mar 6, 2018 to May 10, 2019
      • Advisory employees · 3 to 2
        Mar 6, 2018 to May 10, 2019
      • HNW clients · 19 to 18
        Mar 6, 2018 to May 10, 2019
      • Employees · 4 to 2
        Mar 6, 2018 to May 10, 2019
      • Discretionary RAUM · $300M to $100M
        Mar 6, 2018 to May 10, 2019
      • HNW RAUM · $50.0M to $10.0M
        Mar 6, 2018 to May 10, 2019
      • RAUM · $300M to $100M
        Mar 6, 2018 to May 10, 2019
      • Accounts · 10 to 30
        Mar 31, 2017 to Mar 6, 2018
      • HNW clients · unset to 19.0
        Mar 31, 2017 to Mar 6, 2018
      • Other offices · unset to 1.0
        Mar 31, 2017 to Mar 6, 2018
      • Discretionary RAUM · $220M to $300M
        Mar 31, 2017 to Mar 6, 2018
      • HNW RAUM · unset to 50000000.0
        Mar 31, 2017 to Mar 6, 2018
      • Individual RAUM · unset to 0.0
        Mar 31, 2017 to Mar 6, 2018
      • Pension RAUM · unset to 0.0
        Mar 31, 2017 to Mar 6, 2018
      • Pooled vehicle RAUM · unset to 0.0
        Mar 31, 2017 to Mar 6, 2018
      • RAUM · $220M to $300M
        Mar 31, 2017 to Mar 6, 2018
      • Discretionary RAUM · $250M to $220M
        Oct 28, 2016 to Mar 31, 2017
      • RAUM · $250M to $220M
        Oct 28, 2016 to Mar 31, 2017
      • HQ city · NEWPORT BEACH to IRVINE
        Mar 26, 2015 to Oct 27, 2016
      • Accounts · 40 to 10
        Mar 28, 2014 to Mar 26, 2015
      • Advisory employees · 5 to 3
        Mar 28, 2014 to Mar 26, 2015
      • Employees · 7 to 4
        Mar 28, 2014 to Mar 26, 2015
      • Advisory employees · unset to 5.0
        Jun 20, 2012 to Mar 28, 2013
      • Employees · unset to 7.0
        Jun 20, 2012 to Mar 28, 2013
      Signals
      2 dated events
      • Lynn Laura Santos (Chief Compliance Officer) appeared on Schedule A of S•••••• C••••••• L••
        Mar 30, 2020 · Control person joined · fact
      • S•••••• C••••••• L•• reported RAUM $100.0M, down 67% from $300.0M (2018-03-06 to 2019-05-10)
        May 10, 2019 · RAUM change · 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