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

S•••••••• C•••••• M••••••••• L••

Asset manager (funds and pooled vehicles)New York, New YorkCRD 155513SEC 801-73355IAPD
Latest filing Mar 25, 2026
First filing on the tape Feb 13, 2012 · 18 filings
SEC status approved since Mar 30, 2012
RAUM
$4.3B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
23
13 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$4.3B as of Mar 25, 2026
Mar 28, 2013$3.3B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 25, 2026
Mar 28, 20130 then
Employees (5.A)23 as of Mar 25, 2026
Mar 28, 201317 then
Private funds2 as of Mar 25, 2026
Mar 28, 20132 then
RAUM +16% over the last fiscal year+11% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$1.4BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+16%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 pooled vehiclesreportedItem 5.G
Custody
$4.4B, 4 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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
  • Pooled investment vehicles$4.3B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$4.4B for 4 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
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
      Private funds
      2 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • A••••• S•••• · Partnercontrol
        since 01/2017 · owns 10% to 25%
      • L••• W••• M•• · Chief Financial Officercontrol
        since 11/2023 · owns less than 5%
      • M••••• P•••• D•••• · G•••••• Counsel; Chief Compliance Officercontrol
        since 03/2009 · owns less than 5%
      • M•••••••• J•••• A•••••••• · Partnercontrol
        since 11/1999 · owns 10% to 25%
      • S••••• J•••••••• S•••• · Partnercontrol
        since 01/2007 · owns 10% to 25%
      • S•••••••• P••••• M• · Partnercontrol
        since 01/2009 · owns 10% to 25%
      • S••••• M••••••• L••••• · Partnercontrol
        since 01/2014 · owns 10% to 25%
      • T•••••• M••••••• J••• · Partnercontrol
        since 01/2011 · owns 10% to 25%
      • Z••••••• G••••••• L•• · Partnercontrol
        since 01/2024 · owns less than 5%
      • M•••••••• J•••• A•••••••• · Principalcontrol
        since 11/1999 · owns 25% to 50% of S••• G•• L••
      • W•••••• C••••••••• E•••• · Partner (Retired)
        since 11/1999 · owns 5% to 10%
      Entity owners
      • S••• L••• · Sole Member Of S•••••••• C•••••• M••••••••• L••
        direct · owns 75% or more
      • S••• G•• L•• · G•••••• Partner Of S••• L•••, The Sole Member Of S•••••••• Capital Management
        indirect · owns F of S••• L•••
      Related persons
      Schedule D 7.A
      • S•••••••• G•••••• P••••••• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 12 to 13
        Apr 15, 2025 to Mar 25, 2026
      • Assets in custody · $3.8B to $4.4B
        Apr 15, 2025 to Mar 25, 2026
      • Discretionary RAUM · $3.7B to $4.3B
        Apr 15, 2025 to Mar 25, 2026
      • Pooled vehicle RAUM · $3.7B to $4.3B
        Apr 15, 2025 to Mar 25, 2026
      • RAUM · $3.7B to $4.3B
        Apr 15, 2025 to Mar 25, 2026
      • Assets in custody · unset to 3801987991.0
        Mar 25, 2024 to Apr 15, 2025
      • Custody of client assets · false to true
        Mar 25, 2024 to Apr 15, 2025
      • Employees · 20 to 23
        Mar 25, 2024 to Apr 15, 2025
      • Financial planning clients · unset to
        Mar 25, 2024 to Apr 15, 2025
      • Discretionary RAUM · $3.3B to $3.7B
        Mar 25, 2024 to Apr 15, 2025
      • Pooled vehicle RAUM · $3.3B to $3.7B
        Mar 25, 2024 to Apr 15, 2025
      • RAUM · $3.3B to $3.7B
        Mar 25, 2024 to Apr 15, 2025
      • Advisory employees · 11 to 12
        Mar 29, 2023 to Mar 25, 2024
      • Employees · 17 to 20
        Mar 29, 2023 to Mar 25, 2024
      • Discretionary RAUM · $3.2B to $3.3B
        Mar 29, 2023 to Mar 25, 2024
      • Pooled vehicle RAUM · $3.2B to $3.3B
        Mar 29, 2023 to Mar 25, 2024
      • RAUM · $3.2B to $3.3B
        Mar 29, 2023 to Mar 25, 2024
      • Advisory employees · 10 to 11
        Mar 25, 2022 to Mar 29, 2023
      • Pooled vehicle clients · 3 to 4
        Mar 25, 2022 to Mar 29, 2023
      • Discretionary RAUM · $3.5B to $3.2B
        Mar 25, 2022 to Mar 29, 2023
      • Pooled vehicle RAUM · $3.5B to $3.2B
        Mar 25, 2022 to Mar 29, 2023
      • RAUM · $3.5B to $3.2B
        Mar 25, 2022 to Mar 29, 2023
      • Advisory employees · 11 to 10
        Mar 30, 2021 to Mar 25, 2022
      • Employees · 18 to 17
        Mar 30, 2021 to Mar 25, 2022
      • Discretionary RAUM · $3.7B to $3.5B
        Mar 30, 2021 to Mar 25, 2022
      • Pooled vehicle RAUM · $3.7B to $3.5B
        Mar 30, 2021 to Mar 25, 2022
      • RAUM · $3.7B to $3.5B
        Mar 30, 2021 to Mar 25, 2022
      • Employees · 20 to 18
        Sep 17, 2020 to Mar 30, 2021
      • Discretionary RAUM · $3.0B to $3.7B
        Sep 17, 2020 to Mar 30, 2021
      • Pooled vehicle RAUM · $3.0B to $3.7B
        Sep 17, 2020 to Mar 30, 2021
      • RAUM · $3.0B to $3.7B
        Sep 17, 2020 to Mar 30, 2021
      • Advisory employees · 10 to 11
        Mar 28, 2019 to Apr 1, 2020
      • Employees · 19 to 20
        Mar 28, 2019 to Apr 1, 2020
      • Discretionary RAUM · $2.8B to $3.0B
        Mar 28, 2019 to Apr 1, 2020
      • Pooled vehicle RAUM · $2.8B to $3.0B
        Mar 28, 2019 to Apr 1, 2020
      • RAUM · $2.8B to $3.0B
        Mar 28, 2019 to Apr 1, 2020
      • Discretionary RAUM · $2.5B to $2.8B
        Mar 28, 2018 to Mar 28, 2019
      • Pooled vehicle RAUM · $2.5B to $2.8B
        Mar 28, 2018 to Mar 28, 2019
      • RAUM · $2.5B to $2.8B
        Mar 28, 2018 to Mar 28, 2019
      • Pooled vehicle clients · unset to 3.0
        Mar 28, 2017 to Mar 28, 2018
      Signals
      4 dated events
      • Wang Mei Lau (Chief Financial Officer) appeared on Schedule A of S•••••••• C•••••• M••••••••• L••
        Mar 25, 2024 · Control person joined · fact
      • Lee Garrett Zwahlen (Partner) appeared on Schedule A of S•••••••• C•••••• M••••••••• L••
        Mar 25, 2024 · Control person joined · fact
      • David Steven Nelson (Chief Financial Officer) no longer on Schedule A of S•••••••• C•••••• M••••••••• L•• (listed 2023-03-29, absent 2024-03-25)
        Mar 25, 2024 · Control person left · inference
      • Nmn Thomas Varkey (Retired Partner) no longer on Schedule A of S•••••••• C•••••• M••••••••• L•• (listed 2019-03-28, absent 2020-04-01)
        Apr 1, 2020 · Control person left · inference
      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
      Principal office phone
      212-909-4284reportedpublic record, Form ADV, Mar 25, 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
      Asset manager (funds and pooled vehicles)deriveda 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