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•• F••••••• M••••••••• L•

Former SEC-registered adviserArlington, VirginiaCRD 156763SEC 801-73854IAPD
Latest filing May 12, 2020
First filing on the tape Feb 14, 2012 · 11 filings
RAUM
$617M
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
8
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
$617M gross assets
History
11 filings and snapshots on the tape
RAUM$617M as of Mar 19, 2020
Mar 28, 2013$652M then
HNW client RAUM$0 as of Mar 19, 2020
Mar 13, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 19, 2020
Mar 28, 20130 then
Employees (5.A)8 as of Mar 19, 2020
Mar 28, 20135 then
Private funds2 as of Mar 19, 2020
Mar 28, 20132 then
RAUM -2.8% over the last fiscal year-3.7% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 12, 2020; 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
$103MderivedRAUM 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
-2.8%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
$349M, 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$617M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
6reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$349M for 4 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
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S•• F••••••• M••••• E••• M••••• F•••• L•••Hedge Fund$4.0M13Feb 14, 2012
      S•• F••••••• A••••• M••••• F•••• L•••Hedge Fund$2.3M26Feb 14, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • A•••• S•••••• M•••••• · Partner & Portfolio Managercontrol
        since 04/2010 · owns 25% to 50%
      • N••••••• J•••• R••••• · Managing Partner & Portfolio Managercontrol
        since 03/2010 · owns 50% to 75%
      • P•••• H••••• C•••• · Chief Financial Officercontrol
        since 01/2019 · owns less than 5%
      • S•••••• D•••••• J••••• · Partner & Treasurercontrol
        since 03/2010 · owns 10% to 25%
      • W•••••• B••••• E••••• · Chief Compliance Officer & Chief Legal Officercontrol
        since 10/2018 · owns less than 5%
      • N••••••• J•••• R••••• · Membercontrol
        since 03/2010 · owns 75% or more of S•• F••••••• M••••••••• G• L••
      Entity owners
      • S•• F••••••• M••••••••• G• L•• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • S•• F••••••• G•• L••
        bankpooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Assets in custody · $381M to $349M
        Mar 18, 2019 to Mar 19, 2020
      • Employees · 7 to 8
        Mar 18, 2019 to Mar 19, 2020
      • Discretionary RAUM · $634M to $617M
        Mar 18, 2019 to Mar 19, 2020
      • Pooled vehicle RAUM · $634M to $617M
        Mar 18, 2019 to Mar 19, 2020
      • RAUM · $634M to $617M
        Mar 18, 2019 to Mar 19, 2020
      • Advisory employees · 5 to 4
        Nov 5, 2018 to Mar 18, 2019
      • Assets in custody · $531M to $381M
        Nov 5, 2018 to Mar 18, 2019
      • Discretionary RAUM · $767M to $634M
        Nov 5, 2018 to Mar 18, 2019
      • Pooled vehicle RAUM · $767M to $634M
        Nov 5, 2018 to Mar 18, 2019
      • RAUM · $767M to $634M
        Nov 5, 2018 to Mar 18, 2019
      • Advisory employees · 6 to 5
        Mar 16, 2017 to Mar 13, 2018
      • Charity clients · unset to 0.0
        Mar 16, 2017 to Mar 13, 2018
      • Corporate clients · unset to 0.0
        Mar 16, 2017 to Mar 13, 2018
      • HNW clients · unset to 0.0
        Mar 16, 2017 to Mar 13, 2018
      • Individual clients · unset to 0.0
        Mar 16, 2017 to Mar 13, 2018
      • Pension plan clients · unset to 0.0
        Mar 16, 2017 to Mar 13, 2018
      • Pooled vehicle clients · unset to 6.0
        Mar 16, 2017 to Mar 13, 2018
      • Assets in custody · $442M to $531M
        Mar 16, 2017 to Mar 13, 2018
      • Employees · 8 to 7
        Mar 16, 2017 to Mar 13, 2018
      • Other offices · unset to 0.0
        Mar 16, 2017 to Mar 13, 2018
      • Discretionary RAUM · $690M to $767M
        Mar 16, 2017 to Mar 13, 2018
      • HNW RAUM · unset to 0.0
        Mar 16, 2017 to Mar 13, 2018
      • Individual RAUM · unset to 0.0
        Mar 16, 2017 to Mar 13, 2018
      • Pension RAUM · unset to 0.0
        Mar 16, 2017 to Mar 13, 2018
      • Pooled vehicle RAUM · unset to 766597405.0
        Mar 16, 2017 to Mar 13, 2018
      • RAUM · $690M to $767M
        Mar 16, 2017 to Mar 13, 2018
      • Assets in custody · $500M to $442M
        Mar 15, 2016 to Mar 16, 2017
      • Discretionary RAUM · $788M to $690M
        Mar 15, 2016 to Mar 16, 2017
      • RAUM · $788M to $690M
        Mar 15, 2016 to Mar 16, 2017
      • Advisory employees · 5 to 6
        Mar 16, 2015 to Mar 15, 2016
      • Assets in custody · $594M to $500M
        Mar 16, 2015 to Mar 15, 2016
      • Employees · 7 to 8
        Mar 16, 2015 to Mar 15, 2016
      • Discretionary RAUM · $1.0B to $788M
        Mar 16, 2015 to Mar 15, 2016
      • RAUM · $1.0B to $788M
        Mar 16, 2015 to Mar 15, 2016
      • Advisory employees · 4 to 5
        Mar 10, 2014 to Mar 16, 2015
      • Assets in custody · $561M to $594M
        Mar 10, 2014 to Mar 16, 2015
      • Employees · 6 to 7
        Mar 10, 2014 to Mar 16, 2015
      • Discretionary RAUM · $923M to $1.0B
        Mar 10, 2014 to Mar 16, 2015
      • RAUM · $923M to $1.0B
        Mar 10, 2014 to Mar 16, 2015
      • Assets in custody · $389M to $561M
        Mar 28, 2013 to Mar 10, 2014
      Signals
      1 dated events
      • Cuong Henry Phan (Chief Financial Officer) appeared on Schedule A of S•• F••••••• M••••••••• L•
        Mar 18, 2019 · Control person joined · fact
      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