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
L••• S••• I••••••••• A•••••••• L••
Latest filing Mar 30, 2026
First filing on the tape Feb 14, 2012 · 23 filings
SEC status approved since Mar 30, 2012
RAUM
$120M
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
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$120M as of Mar 30, 2026
Apr 1, 2013$516M then
HNW client RAUM$0 as of Mar 30, 2026
Feb 28, 2019$0 then
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Apr 1, 20131 then
Employees (5.A)4 as of Mar 30, 2026
Apr 1, 20139 then
Private funds3 as of Mar 30, 2026
Apr 1, 20135 then
RAUM -53% over the last fiscal year-23% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 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
- $40.0MderivedRAUM 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
- -53%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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- 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$120M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 3reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- 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
5 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| L••• S••• C•• F••• L• | Private Equity Fund | $196M | 17 | Feb 14, 2012 |
| L••• S••• O••••••••• F••• V• L• | Private Equity Fund | $97.8M | 30 | Feb 14, 2012 |
| N•••• T•••• O••••••••• F••• L•no longer reported | Private Equity Fund | $28.7M | 23 | Feb 14, 2012 |
| L••• S••• G••••• C•••••• L• | Private Equity Fund | $7.6M | 13 | Feb 14, 2012 |
| L••• S••• N•• M•••••• L• | Private Equity Fund | $7.4M | 14 | Feb 14, 2012 |
Owners and control persons
Schedule A and B, latest filing
- H••••••••• A•••••• W•••• · Managing Partnercontrolsince 05/2005 · owns 75% or more
- J••••• E••• · Chief Financial Officer & Chief Compliance Officercontrolsince 09/2017 · owns less than 5%
Related persons
Schedule D 7.A
- L••••• L••pooled vehicle sponsorn
- L••• C•••••• P•••••••• L••pooled vehicle sponsorn
- L•••• L••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM down 50 %Change between filings · filing Mar 30, 2026RAUM (Item 5.F) moved from $256,471,140 to $119,907,066 (-53.0%) between the annual amendments of 2025-03-31 and 2026-03-30; the peer median change was +4.0% (1147 comparable advisers, 3.0th percentile of changes)peers: asset managers, $100M to $500M (1,147) · 2.6% percentile
What changed
consecutive filings, newest first
- Accounts · 4 to 3Mar 31, 2025 to Mar 30, 2026
- Advisory employees · 4 to 3Mar 31, 2025 to Mar 30, 2026
- Pooled vehicle clients · 4 to 3Mar 31, 2025 to Mar 30, 2026
- Employees · 5 to 4Mar 31, 2025 to Mar 30, 2026
- Private funds · 4 to 3Mar 31, 2025 to Mar 30, 2026
- Discretionary RAUM · $256M to $120MMar 31, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $256M to $120MMar 31, 2025 to Mar 30, 2026
- RAUM · $256M to $120MMar 31, 2025 to Mar 30, 2026
- Financial planning clients · unset to May 9, 2024 to Mar 31, 2025
- Discretionary RAUM · $309M to $256MMay 9, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $309M to $256MMay 9, 2024 to Mar 31, 2025
- RAUM · $309M to $256MMay 9, 2024 to Mar 31, 2025
- Discretionary RAUM · $266M to $309MMar 31, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $266M to $309MMar 31, 2023 to Mar 29, 2024
- RAUM · $266M to $309MMar 31, 2023 to Mar 29, 2024
- Discretionary RAUM · $319M to $266MJun 6, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $319M to $266MJun 6, 2022 to Mar 31, 2023
- RAUM · $319M to $266MJun 6, 2022 to Mar 31, 2023
- Discretionary RAUM · $321M to $319MMay 4, 2021 to Mar 30, 2022
- Pooled vehicle RAUM · $321M to $319MMay 4, 2021 to Mar 30, 2022
- RAUM · $321M to $319MMay 4, 2021 to Mar 30, 2022
- Discretionary RAUM · $322M to $321MMar 22, 2021 to May 4, 2021
- Pooled vehicle RAUM · $322M to $321MMar 22, 2021 to May 4, 2021
- RAUM · $322M to $321MMar 22, 2021 to May 4, 2021
- Employees · 6 to 5Mar 4, 2020 to Mar 22, 2021
- Discretionary RAUM · $360M to $322MMar 4, 2020 to Mar 22, 2021
- Pooled vehicle RAUM · $360M to $322MMar 4, 2020 to Mar 22, 2021
- RAUM · $360M to $322MMar 4, 2020 to Mar 22, 2021
- Discretionary RAUM · $432M to $360MFeb 28, 2019 to Mar 4, 2020
- Pooled vehicle RAUM · $432M to $360MFeb 28, 2019 to Mar 4, 2020
- RAUM · $432M to $360MFeb 28, 2019 to Mar 4, 2020
- Charity clients · unset to 0.0Mar 26, 2018 to Feb 28, 2019
- Corporate clients · unset to 0.0Mar 26, 2018 to Feb 28, 2019
- HNW clients · unset to 0.0Mar 26, 2018 to Feb 28, 2019
- Individual clients · unset to 0.0Mar 26, 2018 to Feb 28, 2019
- Pension plan clients · unset to 0.0Mar 26, 2018 to Feb 28, 2019
- State-registered IARs · 1 to 0Mar 26, 2018 to Feb 28, 2019
- Discretionary RAUM · $459M to $432MMar 26, 2018 to Feb 28, 2019
- HNW RAUM · unset to 0.0Mar 26, 2018 to Feb 28, 2019
- Individual RAUM · unset to 0.0Mar 26, 2018 to Feb 28, 2019
Signals
1 dated events
- L••• S••• I••••••••• A•••••••• L•• reported RAUM $119.9M, down 53% from $256.5M (2025-03-31 to 2026-03-30)Mar 30, 2026 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- L••• S••• I••••••••• A•••••••• L•• · Independent Sponsorsshared crd · capital_provider
- L••• S••• I••••••••• A•••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- L•••S•••INVESTMENTADVISORS.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 972-702-7390reportedpublic record, Form ADV, Mar 30, 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