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•••••• M••••••••• L••
Latest filing Jul 26, 2024
First filing on the tape Nov 28, 2011 · 25 filings
RAUM
$21.6M
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
5
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
$21.6M gross assets
History
25 filings and snapshots on the tape
RAUM$21.6M as of Mar 20, 2024
Mar 29, 2012$3.0B then
HNW client RAUM$0 as of Mar 20, 2024
Mar 28, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 20, 2024
Mar 29, 20120 then
Employees (5.A)5 as of Mar 20, 2024
Apr 3, 20138 then
Private funds1 as of Mar 20, 2024
Mar 29, 20122 then
RAUM -8.0% over the last fiscal year-52% a year over threeIARs 0 to 0offices 1 to 0
Practice profile
derived from the filing of Jul 26, 2024; 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
- $7.2MderivedRAUM 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
- -8.0%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
- 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)
- 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$21.6M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 3reported
- Financial planning clients
- n/areported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- 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
Private funds
5 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| S•••••••• E•• M••••• F•••• L•••no longer reported | Hedge Fund | $111M | 31 | Mar 30, 2017 |
| S•••••••• D••• V•••• M••••••• M••••• F••• I•• L•••no longer reported | Private Equity Fund | $36.4M | 14 | Mar 29, 2012 |
| S•••••••• D••• V•••• M••••• F•••• I•••no longer reported | Hedge Fund | $31.1M | 29 | Mar 29, 2012 |
| S•••••••• D••• V•••• M••••• F••• I• L• | Hedge Fund | $21.6M | 10 | Mar 28, 2018 |
| S•••••••• E•• M••••• F••• I•• L•••no longer reported | Hedge Fund | $574,783 | 24 | Mar 28, 2018 |
Owners and control persons
Schedule A and B, latest filing
- C••••••••• P•••••• G••••• · General Counsel, Head Of New Product Development, & Chief Compliance Officercontrolsince 02/2016 · owns less than 5%
- C••••••• A•••• P•••••• · Managing Director, Elected Manager, Chief Investment Officer, Chief Executive Officer And Membercontrolsince 10/2010 · owns 75% or more
- G••••••• D••••• T••••••• · Portfolio Managercontrolsince 05/2015 · owns less than 5%
Related persons
Schedule D 7.A
- G••••• R••• C••••••• L••investment advisernRAUM $116M
- S•••••••• D••• V•••• G•• L••pooled vehicle sponsory
Advisers that list S•••••••• C•••••• M••••••••• L•• as a related person
- 313546 n
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 6 to 3May 24, 2023 to Mar 20, 2024
- Pooled vehicle clients · 6 to 3May 24, 2023 to Mar 20, 2024
- Employees · 6 to 5May 24, 2023 to Mar 20, 2024
- Other offices · 1 to 0May 24, 2023 to Mar 20, 2024
- Private funds · 2 to 1May 24, 2023 to Mar 20, 2024
- Discretionary RAUM · $23.5M to $21.6MMay 24, 2023 to Mar 20, 2024
- Pooled vehicle RAUM · $23.5M to $21.6MMay 24, 2023 to Mar 20, 2024
- RAUM · $23.5M to $21.6MMay 24, 2023 to Mar 20, 2024
- Accounts · 8 to 6May 10, 2022 to Mar 24, 2023
- Advisory activities · 2 to 1May 10, 2022 to Mar 24, 2023
- Charity clients · 1 to 0May 10, 2022 to Mar 24, 2023
- Pooled vehicle clients · 7 to 6May 10, 2022 to Mar 24, 2023
- Assets in custody · 0.0 to unsetMay 10, 2022 to Mar 24, 2023
- Custody of client assets · true to falseMay 10, 2022 to Mar 24, 2023
- Employees · 7 to 6May 10, 2022 to Mar 24, 2023
- HQ city · PHILADELPHIA to WAYNEMay 10, 2022 to Mar 24, 2023
- Discretionary RAUM · $124M to $23.5MMay 10, 2022 to Mar 24, 2023
- Pooled vehicle RAUM · $87.9M to $23.5MMay 10, 2022 to Mar 24, 2023
- RAUM · $124M to $23.5MMay 10, 2022 to Mar 24, 2023
- Advisory employees · 2 to 3Jul 13, 2021 to Mar 29, 2022
- Employees · 5 to 7Jul 13, 2021 to Mar 29, 2022
- Other offices · 0 to 1Jul 13, 2021 to Mar 29, 2022
- Discretionary RAUM · $196M to $124MJul 13, 2021 to Mar 29, 2022
- Pooled vehicle RAUM · $151M to $87.9MJul 13, 2021 to Mar 29, 2022
- RAUM · $196M to $124MJul 13, 2021 to Mar 29, 2022
- Related adviser · false to trueJul 13, 2021 to Mar 29, 2022
- Accounts · 9 to 8Mar 30, 2020 to Mar 29, 2021
- Advisory employees · 3 to 2Mar 30, 2020 to Mar 29, 2021
- Charity clients · 2 to 1Mar 30, 2020 to Mar 29, 2021
- Employees · 9 to 5Mar 30, 2020 to Mar 29, 2021
- Discretionary RAUM · $171M to $196MMar 30, 2020 to Mar 29, 2021
- Pooled vehicle RAUM · $95.2M to $151MMar 30, 2020 to Mar 29, 2021
- RAUM · $171M to $196MMar 30, 2020 to Mar 29, 2021
- Related bank · true to falseMar 30, 2020 to Mar 29, 2021
- Accounts · 12 to 9Jul 15, 2019 to Mar 30, 2020
- Advisory employees · 4 to 3Jul 15, 2019 to Mar 30, 2020
- Pooled vehicle clients · 10 to 7Jul 15, 2019 to Mar 30, 2020
- Employees · 11 to 9Jul 15, 2019 to Mar 30, 2020
- Private funds · 3 to 2Jul 15, 2019 to Mar 30, 2020
- Discretionary RAUM · $307M to $171MJul 15, 2019 to Mar 30, 2020
Signals
4 dated events
- Charles Matthew Nannen (Chief Financial Officer & Chief Compliance Officer) no longer on Schedule A of S•••••••• C•••••• M••••••••• L•• (listed 2024-03-20, absent 2024-07-26)Jul 26, 2024 · Control person left · inference
- S•••••••• C•••••• M••••••••• L•• reported RAUM $23.5M, down 81% from $124.2M (2022-05-10 to 2023-03-24)Mar 24, 2023 · RAUM change · derived
- S•••••••• C•••••• M••••••••• L•• reported RAUM $171.1M, down 44% from $306.9M (2019-07-15 to 2020-03-30)Mar 30, 2020 · RAUM change · derived
- Ross Cameron Silbert (Chief Compliance Officer And Vice President) no longer on Schedule A of S•••••••• C•••••• M••••••••• L•• (listed 2019-03-05, absent 2019-07-15)Jul 15, 2019 · Control person left · inference
Across DFX
shared identifiers only, never a name match
- S•••••••• C•••••• M••••••••• L•• · Private Equityshared crd · organization
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