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•••• S•••••••• I••••••••• A•••••••

Independent wealth managerSouth San Francisco, CaliforniaCRD 156541SEC 801-124857websiteIAPD
Legal name A•••• S•••••••• I••••••••• A•••••••• L••
Latest filing Aug 4, 2026
First filing on the tape Mar 31, 2022 · 10 filings
SEC status approved since Apr 29, 2022
RAUM
$466M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
92%
$427M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$117M
derived; firm RAUM over IAPD count
Employees
6
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$466M as of Aug 4, 2026
Mar 30, 2023$110M then
HNW client RAUM$391M as of Aug 4, 2026
Mar 30, 2023$96.5M then
State-registered IARs (5.B.3)4 as of Aug 4, 2026
Mar 30, 20233 then
Employees (5.A)6 as of Aug 4, 2026
Mar 30, 20234 then
Private funds: no history
RAUM +78% over the last fiscal year+62% a year over threeIARs 3 to 4
Practice profile
derived from the filing of Aug 4, 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
$117MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
110derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.5MderivedHNW RAUM over HNW clients
Average account
$620,898derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+52%derivedbetween the last two annual amendments
Advisor growth, one year
+33%derivedItem 5.B.3 between annual amendments
Client growth, one year
+16%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$391M85%
  • Individuals$35.8M7.7%
  • Corporations and businesses$28.6M6.2%
  • Pension and profit-sharing plans$4.1M0.9%
  • Charitable organizations$2.2M0.5%
  • Pooled investment vehicles$952,8620.2%
Individual clients
175reported
HNW clients
266reported
Pension plan clients
12reported
Charitable clients
2reported
Accounts
751reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.92 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
A•••••• T• S••South San Francisco, CaMay 30, 201326 y0
R••••• N••••• M••••Chartered Financial AnalystSouth San Francisco, CaMay 30, 201313 y1
N••••••• B••••• L••South San Francisco, CaFeb 12, 202512 y0
J••••• B•••• S••South San Francisco, CaMay 7, 202511 y0
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 headcount1 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • L••• J••• · Cio, Membercontrol
    since 03/2011 · owns 50% to 75%
  • S••• A••••••• T• · Ceo, Cco, Manager, Membercontrol
    since 03/2011 · owns 50% to 75%
  • M••••• R•••••• N••••• · Director Of Research
    since 01/2013 · owns less than 5%
Related persons
Schedule D 7.A
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
South San Francisco, Ca · principal400
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • RAUM up 50 %Change between filings · filing Mar 24, 2026
    RAUM (Item 5.F) moved from $261,468,246 to $397,127,864 (+52.0%) between the annual amendments of 2025-03-27 and 2026-03-24; the peer median change was +15.0% (4550 comparable advisers, 96.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (4,550) · 96% percentile
What changed
consecutive filings, newest first
  • Accounts · 633 to 751
    Mar 24, 2026 to Aug 4, 2026
  • Corporate clients · 23 to 21
    Mar 24, 2026 to Aug 4, 2026
  • HNW clients · 235 to 266
    Mar 24, 2026 to Aug 4, 2026
  • Individual clients · 160 to 175
    Mar 24, 2026 to Aug 4, 2026
  • Discretionary RAUM · $397M to $466M
    Mar 24, 2026 to Aug 4, 2026
  • HNW RAUM · $303M to $391M
    Mar 24, 2026 to Aug 4, 2026
  • Individual RAUM · $57.2M to $35.8M
    Mar 24, 2026 to Aug 4, 2026
  • Pension RAUM · $3.6M to $4.1M
    Mar 24, 2026 to Aug 4, 2026
  • Pooled vehicle RAUM · $866,085 to $952,862
    Mar 24, 2026 to Aug 4, 2026
  • RAUM · $397M to $466M
    Mar 24, 2026 to Aug 4, 2026
  • Accounts · 600 to 633
    Sep 16, 2025 to Mar 24, 2026
  • Advisory employees · 3 to 4
    Sep 16, 2025 to Mar 24, 2026
  • Charity clients · 1 to 2
    Sep 16, 2025 to Mar 24, 2026
  • Corporate clients · 27 to 23
    Sep 16, 2025 to Mar 24, 2026
  • HNW clients · 215 to 235
    Sep 16, 2025 to Mar 24, 2026
  • Individual clients · 140 to 160
    Sep 16, 2025 to Mar 24, 2026
  • Pension plan clients · 4 to 12
    Sep 16, 2025 to Mar 24, 2026
  • Employees · 5 to 6
    Sep 16, 2025 to Mar 24, 2026
  • Financial planning clients · 0 to 1-10
    Sep 16, 2025 to Mar 24, 2026
  • State-registered IARs · 3 to 4
    Sep 16, 2025 to Mar 24, 2026
  • Discretionary RAUM · $364M to $397M
    Sep 16, 2025 to Mar 24, 2026
  • HNW RAUM · $278M to $303M
    Sep 16, 2025 to Mar 24, 2026
  • Individual RAUM · $51.3M to $57.2M
    Sep 16, 2025 to Mar 24, 2026
  • Pension RAUM · $3.0M to $3.6M
    Sep 16, 2025 to Mar 24, 2026
  • Pooled vehicle RAUM · $852,571 to $866,085
    Sep 16, 2025 to Mar 24, 2026
  • RAUM · $364M to $397M
    Sep 16, 2025 to Mar 24, 2026
  • Accounts · 564 to 600
    Mar 27, 2025 to Sep 16, 2025
  • Corporate clients · 18 to 27
    Mar 27, 2025 to Sep 16, 2025
  • HNW clients · 204 to 215
    Mar 27, 2025 to Sep 16, 2025
  • Individual clients · 137 to 140
    Mar 27, 2025 to Sep 16, 2025
  • Pension plan clients · 0 to 4
    Mar 27, 2025 to Sep 16, 2025
  • Financial planning clients · 0 to 0
    Mar 27, 2025 to Sep 16, 2025
  • Discretionary RAUM · $261M to $364M
    Mar 27, 2025 to Sep 16, 2025
  • HNW RAUM · $195M to $278M
    Mar 27, 2025 to Sep 16, 2025
  • Individual RAUM · $46.0M to $51.3M
    Mar 27, 2025 to Sep 16, 2025
  • Pension RAUM · unset to 3038384.0
    Mar 27, 2025 to Sep 16, 2025
  • Pooled vehicle RAUM · $656,378 to $852,571
    Mar 27, 2025 to Sep 16, 2025
  • RAUM · $261M to $364M
    Mar 27, 2025 to Sep 16, 2025
  • Accounts · 417 to 564
    Jan 28, 2025 to Mar 27, 2025
  • Advisory employees · 2 to 3
    Jan 28, 2025 to Mar 27, 2025
Signals
3 dated events
  • A•••• S•••••••• I••••••••• A••••••• reported RAUM $363.9M, up 39% from $261.5M (2025-03-27 to 2025-09-16)
    Sep 16, 2025 · RAUM change · derived
  • J••• L•• left A•••• S•••••••• I••••••••• A••••••• for C•••••• W••••• M••••••••• (registered 2025-11-11)
    Jan 15, 2025 · Advisor changed firm · fact
  • A•••• S•••••••• I••••••••• A••••••• 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@asiadvisors.comreportedpublished by the firm, firm site, Sep 16, 2026
Business phone
415-882-7088reportedpublished by the firm, firm site, Sep 16, 2026
Website
ASIADVISORS.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
415-882-7088reportedpublic record, Form ADV, Aug 4, 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
$117Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026