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RIA Intelligence

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SEC-registered adviser

S•••••• H••• C•••••• M•••••••••

Asset manager (funds and pooled vehicles)Arlington, VirginiaCRD 158481SEC 801-73744website IAPD

Legal name S•••••• H••• S•• M••••••••• L••

Latest filing Apr 28, 2026

First filing on the tape Feb 14, 2012 · 30 filings

SEC status approved since Mar 19, 2012

RAUM

$1.1B

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

0.0%

$0 individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$539M

derived; firm RAUM over IAPD count

Employees

4 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

30 filings and snapshots on the tape

RAUM$1.1B as of Apr 28, 2026

Apr 1, 2013$435M then

HNW client RAUM: no history

State-registered IARs (5.B.3)2 as of Apr 28, 2026

Apr 1, 20130 then

Employees (5.A)7 as of Apr 28, 2026

Apr 1, 20135 then

Private funds3 as of Apr 28, 2026

Apr 1, 20139 then

RAUM +15% over the last fiscal year-3.1% a year over threeIARs 2 to 2

Practice profile

derived from the filing of Apr 28, 2026; every figure names its basis

RAUM per advisor: $539MderivedRAUM 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: $269MderivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 3.5derivedItem 5.A over advisors
Advisors per office: 2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year: +15%derivedbetween the last two annual amendments
Advisor growth, one year: +0.0%derivedItem 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

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)
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$1.1B100%

Individual clients: n/areported
HNW clients: n/areported
Pension plan clients: n/areported
Charitable clients: n/areported
Accounts: 4reported
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=true bd_reps=0.0derived

Advisors registered through the firm

2 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
W•••••• E••••• E•••••••	Arlington, Va	Jul 24, 2012	22 y	0
M•••••• P•••••• F•••••	Arlington, Va	Oct 10, 2012	15 y	0

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 headcount0 left over 36 months

Left, latest

none on the tape

Joined, latest

none on the tape

Every departure Every arrival

Private funds

11 reported on Schedule D 7.B.(1)

Fund	Type	Gross assets	Owners	First reported
S•••••• H••• S•• L••• F••• L••	Hedge Fund	$826M	131	Feb 14, 2012
S•••••• H••• O••••••••• F••• L••	Hedge Fund	$55.4M	80	Feb 14, 2012
S•••••• H••• I• O••••••••• F••• L••	Hedge Fund	$55.3M	14	Mar 20, 2023
E•• I•••••••• I• L••no longer reported	Hedge Fund	$28.3M	45	Mar 19, 2014
S•••••• H••• N••• I• L••no longer reported	Real Estate Fund	$18.1M	1	Feb 14, 2012
S•••••• H••• N••• I•• L••no longer reported	Real Estate Fund	$14.1M	1	Feb 14, 2012
S•••••• H••• N••• I• L••no longer reported	Other Private Fund	$11.0M	2	Feb 14, 2012
S•••••• H••• N••• I• L••no longer reported	Real Estate Fund	$7.9M	2	Feb 14, 2012
E•• I•••••••• I• L••no longer reported	Hedge Fund	$4.5M	27	Feb 14, 2012
E•• I•••••••• I•• L••no longer reported	Hedge Fund	$3.4M	33	Feb 14, 2012
E•• I•••••••• L••no longer reported	Hedge Fund	$3.2M	16	Feb 14, 2012

Owners and control persons

Schedule A and B, latest filing

E•••••••• W••••••• E••••• · Chief Compliance Officercontrol
since 04/2004 · owns less than 5%
F•••••• M••••••• P•••••• · Chief Investment Officercontrol
since 04/2019 · owns less than 5%
E•••••••• W••••••• E••••• · Membercontrol
since 04/2004 · owns 25% to 50% of S•••••• H••• L••
F•••••• M••••••• P•••••• · Membercontrol
since 07/2018 · owns 25% to 50% of S•••••• H••• L••
S•••••• C••••••••• S•••• · Trusteecontrol
since 10/2018 · owns 75% or more of A•••••• J• H••••••• I••••••••• T••••

Entity owners

S•••••• H••• L•• · Member
direct · owns 75% or more
A•••••• J• H••••••• I••••••••• T•••• · Member
indirect · owns 25% to 50% of S•••••• H••• L••

Related persons

Schedule D 7.A

S•••••• H••• L••
banky

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
Arlington, Va · principal	2	0	0

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

What changed

consecutive filings, newest first

Discretionary RAUM · $939M to $1.1B
Apr 24, 2025 to Mar 27, 2026
Pooled vehicle RAUM · $939M to $1.1B
Apr 24, 2025 to Mar 27, 2026
RAUM · $939M to $1.1B
Apr 24, 2025 to Mar 27, 2026
Financial planning clients · unset to
Oct 11, 2024 to Apr 24, 2025
Discretionary RAUM · $937M to $939M
Oct 11, 2024 to Apr 24, 2025
Pooled vehicle RAUM · $937M to $939M
Oct 11, 2024 to Apr 24, 2025
RAUM · $937M to $939M
Oct 11, 2024 to Apr 24, 2025
HQ city · FALLS CHURCH to ARLINGTON
Apr 29, 2024 to Oct 11, 2024
Assets in custody · 1185870299.0 to unset
May 1, 2023 to Mar 25, 2024
Custody of client assets · true to false
May 1, 2023 to Mar 25, 2024
Employees · 8 to 7
May 1, 2023 to Mar 25, 2024
Discretionary RAUM · $1.2B to $937M
May 1, 2023 to Mar 25, 2024
Pooled vehicle RAUM · $1.2B to $937M
May 1, 2023 to Mar 25, 2024
RAUM · $1.2B to $937M
May 1, 2023 to Mar 25, 2024
Accounts · 3 to 4
May 2, 2022 to Mar 20, 2023
Pooled vehicle clients · 3 to 4
May 2, 2022 to Mar 20, 2023
Assets in custody · $824M to $1.2B
May 2, 2022 to Mar 20, 2023
Private funds · 2 to 3
May 2, 2022 to Mar 20, 2023
Discretionary RAUM · $824M to $1.2B
May 2, 2022 to Mar 20, 2023
Pooled vehicle RAUM · $824M to $1.2B
May 2, 2022 to Mar 20, 2023
RAUM · $824M to $1.2B
May 2, 2022 to Mar 20, 2023
Accounts · 4 to 3
Nov 2, 2021 to Mar 28, 2022
Advisory activities · 2 to 1
Nov 2, 2021 to Mar 28, 2022
Assets in custody · $736M to $824M
Nov 2, 2021 to Mar 28, 2022
Discretionary RAUM · $736M to $824M
Nov 2, 2021 to Mar 28, 2022
Pooled vehicle RAUM · $735M to $824M
Nov 2, 2021 to Mar 28, 2022
RAUM · $736M to $824M
Nov 2, 2021 to Mar 28, 2022
Accounts · 2 to 4
Mar 17, 2020 to Mar 23, 2021
Advisory activities · 1 to 2
Mar 17, 2020 to Mar 23, 2021
Pooled vehicle clients · 2 to 3
Mar 17, 2020 to Mar 23, 2021
Assets in custody · $758M to $736M
Mar 17, 2020 to Mar 23, 2021
Employees · 9 to 8
Mar 17, 2020 to Mar 23, 2021
Discretionary RAUM · $758M to $736M
Mar 17, 2020 to Mar 23, 2021
Pooled vehicle RAUM · $758M to $735M
Mar 17, 2020 to Mar 23, 2021
RAUM · $758M to $736M
Mar 17, 2020 to Mar 23, 2021
Assets in custody · $773M to $758M
May 20, 2019 to Mar 17, 2020
Employees · 10 to 9
May 20, 2019 to Mar 17, 2020
State-registered IARs · 3 to 2
May 20, 2019 to Mar 17, 2020
Discretionary RAUM · $773M to $758M
May 20, 2019 to Mar 17, 2020
Pooled vehicle RAUM · $773M to $758M
May 20, 2019 to Mar 17, 2020

Signals

4 dated events

S•••••• H••• C•••••• M••••••••• reported RAUM $1.2B, up 44% from $823.6M (2022-05-02 to 2023-03-20)
Mar 20, 2023 · RAUM change · derived
Jason Anthony Heilizer (Member) no longer on Schedule A of S•••••• H••• C•••••• M••••••••• (listed 2019-04-11, absent 2019-05-20)
May 20, 2019 · Control person left · inference
Saxon Christina Shutes (Trustee) appeared on Schedule A of S•••••• H••• C•••••• M•••••••••
May 20, 2019 · Control person joined · fact
Patrick Michael Fallon (Member) appeared on Schedule A of S•••••• H••• C•••••• M•••••••••
Mar 4, 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.

How to reach

public business contact points only, each with its source

Website: S••••••H•••.COMreportedpublic record, Form ADV, Sep 21, 2026
Principal office phone: 703-356-3333reportedpublic record, Form ADV, Apr 28, 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: $539Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026

Across the graphs

S•••••• H••• C•••••• M••••••••• is the same institution as 1 record in Real Estate Funds.

Real Estate Funds1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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