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

P•••••• C••••••• L••

Former SEC-registered adviserSan Diego, CaliforniaCRD 158509SEC 801-72595IAPD
Latest filing May 12, 2020
First filing on the tape Mar 30, 2012 · 24 filings
RAUM
$509M
reported, Item 5.F
Discretionary
34%
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
9
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$509M as of May 12, 2020
Mar 30, 2012$100,000 then
HNW client RAUM$0 as of May 12, 2020
Mar 31, 2018$0 then
State-registered IARs (5.B.3)7 as of May 12, 2020
Mar 30, 20120 then
Employees (5.A)9 as of May 12, 2020
Feb 22, 20135 then
Private funds: no history
RAUM +2.5% over the last fiscal year+0.0% a year over threeIARs 9 to 7
Practice profile
derived from the filing of May 12, 2020; every figure names its basis
RAUM per advisor
$72.7MderivedRAUM 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
$255MderivedRAUM over accounts (5.F.2.f)
Discretionary
34%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
7.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+2.5%derivedbetween the last two annual amendments
Advisor growth, one year
-22%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for investment companies, otherreportedItem 5.G
Wrap fee program
$338MreportedItem 5.I
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
  • Other investment advisers$338M66%
  • Investment companies$171M34%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
2reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
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
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • L••••• J•••••• P••• · Presidentcontrol
    since 01/2013 · owns 10% to 25%
  • L••••• R••••••• J••••• · Chief Executive Officercontrol
    since 06/2011 · owns 75% or more
  • S•••••• M•••• C••••••••• · Chief Investment Officercontrol
    since 06/2014 · owns less than 5%
  • A••••• M•••••••• S••••• · Chief Compliance Officer
    since 03/2018 · owns less than 5%
Related persons
Schedule D 7.A
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Advisory employees · 6 to 7
    Feb 5, 2020 to May 12, 2020
  • BD registered reps · 7 to 6
    Feb 5, 2020 to May 12, 2020
  • Employees · 10 to 9
    Feb 5, 2020 to May 12, 2020
  • Insurance-licensed employees · 8 to 7
    Feb 5, 2020 to May 12, 2020
  • State-registered IARs · 9 to 7
    Feb 5, 2020 to May 12, 2020
  • Discretionary RAUM · $188M to $171M
    Feb 5, 2020 to May 12, 2020
  • Non-discretionary RAUM · $309M to $338M
    Feb 5, 2020 to May 12, 2020
  • RAUM · $497M to $509M
    Feb 5, 2020 to May 12, 2020
  • Wrap assets (manager) · $309M to $0
    Feb 5, 2020 to May 12, 2020
  • Discretionary RAUM · $203M to $188M
    Jan 4, 2019 to Mar 29, 2019
  • Non-discretionary RAUM · $338M to $309M
    Jan 4, 2019 to Mar 29, 2019
  • RAUM · $541M to $497M
    Jan 4, 2019 to Mar 29, 2019
  • Wrap assets (manager) · $338M to $309M
    Jan 4, 2019 to Mar 29, 2019
  • Business name · L•••• C•••••• M••••••••• to P•••••• C••••••• L••
    Dec 3, 2018 to Jan 4, 2019
  • Legal name · LCM INVESTMENT MANAGEMENT, LLC to P•••••• C••••••• L••
    Dec 3, 2018 to Jan 4, 2019
  • Advisory employees · 4 to 6
    Aug 7, 2017 to Mar 31, 2018
  • BD registered reps · 9 to 7
    Aug 7, 2017 to Mar 31, 2018
  • Charity clients · unset to 0.0
    Aug 7, 2017 to Mar 31, 2018
  • Corporate clients · unset to 0.0
    Aug 7, 2017 to Mar 31, 2018
  • HNW clients · unset to 0.0
    Aug 7, 2017 to Mar 31, 2018
  • Individual clients · unset to 0.0
    Aug 7, 2017 to Mar 31, 2018
  • Pension plan clients · unset to 0.0
    Aug 7, 2017 to Mar 31, 2018
  • Pooled vehicle clients · unset to 0.0
    Aug 7, 2017 to Mar 31, 2018
  • Insurance-licensed employees · 6 to 8
    Aug 7, 2017 to Mar 31, 2018
  • State-registered IARs · 7 to 9
    Aug 7, 2017 to Mar 31, 2018
  • Other offices · unset to 0.0
    Aug 7, 2017 to Mar 31, 2018
  • Discretionary RAUM · $201M to $203M
    Aug 7, 2017 to Mar 31, 2018
  • HNW RAUM · unset to 0.0
    Aug 7, 2017 to Mar 31, 2018
  • Individual RAUM · unset to 0.0
    Aug 7, 2017 to Mar 31, 2018
  • Non-discretionary RAUM · $308M to $338M
    Aug 7, 2017 to Mar 31, 2018
  • Pension RAUM · unset to 0.0
    Aug 7, 2017 to Mar 31, 2018
  • Pooled vehicle RAUM · unset to 0.0
    Aug 7, 2017 to Mar 31, 2018
  • RAUM · $509M to $541M
    Aug 7, 2017 to Mar 31, 2018
  • Wrap assets (manager) · unset to 338316658.0
    Aug 7, 2017 to Mar 31, 2018
  • Wrap assets (sponsor) · unset to 0.0
    Aug 7, 2017 to Mar 31, 2018
  • Legal name · L•••• C•••••• M•••••••••, LLC to LCM INVESTMENT MANAGEMENT, LLC
    Jun 5, 2017 to Aug 7, 2017
  • Advisory employees · 5 to 4
    Aug 18, 2016 to Mar 29, 2017
  • BD registered reps · 10 to 9
    Aug 18, 2016 to Mar 29, 2017
  • State-registered IARs · 3 to 7
    Aug 18, 2016 to Mar 29, 2017
  • Discretionary RAUM · $202M to $201M
    Aug 18, 2016 to Mar 29, 2017
Signals
No event on the tape.
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