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

A••••• C•••••• M••••••••• L••

Independent wealth managerNorthbrook, IllinoisCRD 156261SEC 801-124866websiteIAPD
Latest filing May 19, 2026
First filing on the tape Mar 31, 2022 · 12 filings
SEC status approved since May 2, 2022
RAUM
$158M
reported, Item 5.F
Discretionary
95%
of RAUM
Private clients
100%
$158M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$78.9M
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$158M as of May 19, 2026
Feb 21, 2023$106M then
HNW client RAUM$156M as of May 19, 2026
Feb 21, 2023$104M then
State-registered IARs (5.B.3)2 as of May 19, 2026
Feb 21, 20231 then
Employees (5.A)2 as of May 19, 2026
Feb 21, 20231 then
Private funds: no history
RAUM +21% over the last fiscal year+14% a year over threeIARs 2 to 2offices 0 to 2
Practice profile
derived from the filing of May 19, 2026; every figure names its basis
Archetypes, each a printed rule
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
RAUM per advisor
$78.9MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
20derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.2MderivedHNW RAUM over HNW clients
Average account
$813,272derivedRAUM over accounts (5.F.2.f)
Discretionary
95%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
0.7derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+21%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-13%derived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisers, otherreportedItem 5.G
Custody
$158M, 40 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$156M99%
  • Individuals$1.5M1.0%
Individual clients
3reported
HNW clients
37reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
194reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
$158M for 40 clientsreported
Compensation
% of AUM, hourlyreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
A••• M•••• L••••Northbrook, IlMar 23, 201119 y0
S••• P•••••• C•••••••Chartered Financial AnalystLibertyvile, Il Jun 4, 202419 y1
Advisor movement
0 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • L••••• A•••• M•••• · Managing Membercontrol
    since 03/2011 · owns 75% or more
  • S••••••••• G•••• J••••• · Chief Compliance Officer
    since 01/2011 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Northbrook, Il · principal200
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 151 to 194
    Feb 25, 2025 to Mar 4, 2026
  • HNW clients · 46 to 37
    Feb 25, 2025 to Mar 4, 2026
  • Individual clients · 0 to 3
    Feb 25, 2025 to Mar 4, 2026
  • Assets in custody · $131M to $158M
    Feb 25, 2025 to Mar 4, 2026
  • Other offices · 0 to 2
    Feb 25, 2025 to Mar 4, 2026
  • Discretionary RAUM · $131M to $151M
    Feb 25, 2025 to Mar 4, 2026
  • HNW RAUM · $131M to $156M
    Feb 25, 2025 to Mar 4, 2026
  • Individual RAUM · $0 to $1.5M
    Feb 25, 2025 to Mar 4, 2026
  • Non-discretionary RAUM · $0 to $7.1M
    Feb 25, 2025 to Mar 4, 2026
  • RAUM · $131M to $158M
    Feb 25, 2025 to Mar 4, 2026
  • Accounts · 159 to 151
    Oct 11, 2024 to Feb 25, 2025
  • Advisory employees · 1 to 2
    Oct 11, 2024 to Feb 25, 2025
  • HNW clients · 45 to 46
    Oct 11, 2024 to Feb 25, 2025
  • Individual clients · unset to 0.0
    Oct 11, 2024 to Feb 25, 2025
  • Assets in custody · $63.8M to $131M
    Oct 11, 2024 to Feb 25, 2025
  • Employees · 1 to 2
    Oct 11, 2024 to Feb 25, 2025
  • Financial planning clients · 26-50 to 26-50
    Oct 11, 2024 to Feb 25, 2025
  • State-registered IARs · 1 to 2
    Oct 11, 2024 to Feb 25, 2025
  • Discretionary RAUM · $112M to $131M
    Oct 11, 2024 to Feb 25, 2025
  • HNW RAUM · $116M to $131M
    Oct 11, 2024 to Feb 25, 2025
  • Individual RAUM · unset to 0.0
    Oct 11, 2024 to Feb 25, 2025
  • Non-discretionary RAUM · $3.9M to $0
    Oct 11, 2024 to Feb 25, 2025
  • RAUM · $116M to $131M
    Oct 11, 2024 to Feb 25, 2025
  • Accounts · 178 to 159
    Nov 2, 2023 to Feb 28, 2024
  • Advisory activities · 3 to 4
    Nov 2, 2023 to Feb 28, 2024
  • Discretionary RAUM · $103M to $112M
    Nov 2, 2023 to Feb 28, 2024
  • HNW RAUM · $104M to $116M
    Nov 2, 2023 to Feb 28, 2024
  • Individual RAUM · 1926493.0 to unset
    Nov 2, 2023 to Feb 28, 2024
  • Non-discretionary RAUM · $3.1M to $3.9M
    Nov 2, 2023 to Feb 28, 2024
  • RAUM · $106M to $116M
    Nov 2, 2023 to Feb 28, 2024
  • HQ city · DEERFIELD to NORTHBROOK
    Mar 17, 2023 to May 22, 2023
  • Accounts · 157 to 178
    Jan 26, 2023 to Feb 21, 2023
  • Charity clients · unset to 0.0
    Jan 26, 2023 to Feb 21, 2023
  • Assets in custody · $49.4M to $63.8M
    Jan 26, 2023 to Feb 21, 2023
  • Discretionary RAUM · $116M to $103M
    Jan 26, 2023 to Feb 21, 2023
  • HNW RAUM · $119M to $104M
    Jan 26, 2023 to Feb 21, 2023
  • Individual RAUM · $1.4M to $1.9M
    Jan 26, 2023 to Feb 21, 2023
  • Non-discretionary RAUM · $5.1M to $3.1M
    Jan 26, 2023 to Feb 21, 2023
  • RAUM · $121M to $106M
    Jan 26, 2023 to Feb 21, 2023
Signals
2 dated events
  • G••• J••••• S•••••••• left A••••• C•••••• M••••••••• L•• for C•• F•••••••• A•••••••• L•• (registered 2011-03-08)
    Jan 25, 2024 · Advisor changed firm · fact
  • A••••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
    Mar 31, 2022 · First SEC registration · fact
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
Business email
info@avocetcapital.comreportedpublished by the firm, firm site, Sep 16, 2026
Business email
service@avocetcapital.comreportedpublished by the firm, firm site, Sep 16, 2026
Business phone
312-925-0152reportedpublished by the firm, firm site, Sep 16, 2026
Website
H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
312-925-0152reportedpublic record, Form ADV, May 19, 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
$78.9Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026