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••••• A•••• M••••••••• L•

Former SEC-registered adviserToronto, Ontario, CRD 159263SEC 801-72899websiteIAPD
Latest filing May 29, 2024
First filing on the tape Nov 14, 2011 · 19 filings
SEC status approved since Jan 5, 2012
RAUM
$1.4B
reported, Item 5.F
Discretionary
44%
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
68
10 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$792M as of Mar 28, 2024
Mar 21, 2013$4.7B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 28, 2024
Mar 21, 20130 then
Employees (5.A)68 as of Mar 28, 2024
Mar 21, 201327 then
Private funds2 as of Mar 30, 2018
Mar 21, 20139 then
RAUM -93% over the last fiscal year-54% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 29, 2024; 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
$83.3MderivedRAUM over accounts (5.F.2.f)
Discretionary
44%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
-96%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 assetsreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$792M56%
  • Pooled investment vehicles$612M43%
  • Corporations and businesses$11.2M0.8%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
17reported
Financial planning clients
n/areported
Wrap fee programs
noreported
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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      22 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S••••••••• M••••• M••••• F•••no longer reportedHedge Fund$109M2Mar 31, 2014
      S••••••••• M••••• F••• •••••••••no longer reportedHedge Fund$99.1M1Mar 31, 2014
      S••••• M•••• M••••••• M••••• F•••• L•••no longer reportedHedge Fund$64.6M1Mar 31, 2014
      S••••• P••••• F••• L••no longer reportedHedge Fund$32.4M31Mar 28, 2016
      S••••• M•••• M••••••• F•••• L•••no longer reportedHedge Fund$23.2M1Mar 21, 2013
      S••••• G••••• G••• M••••• F••• L•no longer reportedHedge Fund$18.2M3Mar 8, 2017
      S••••• P••••• F••• L•••no longer reportedHedge Fund$17.0M21Mar 28, 2016
      S••••• G••••• G••• C••••• F••• L•no longer reportedHedge Fund$16.7M3Mar 8, 2017
      S••••••••• M••••• F••• ••••• A•••••••• L•no longer reportedHedge Fund$10.3M1Mar 31, 2014
      S••••• G••••• R•••••••• L•no longer reportedHedge Fund$9.3M1Mar 30, 2015
      S••••• G••••• G••• C•••••• L•no longer reportedHedge Fund$1.4M7Mar 8, 2017
      S••••• M••••• F•••• L•••no longer reportedHedge Fund$1.0M2Nov 14, 2011
      S••••• G••••• R•••••••• M••••• F••• L•••no longer reportedHedge Fund$948,8351Mar 30, 2015
      S••••• O••••••• F••• L•••no longer reportedHedge Fund$786,15522Nov 14, 2011
      S••••• M••••• F••• I•• L•••no longer reportedHedge Fund$659,9802Nov 14, 2011
      S••••• O••••••• F••• I•• L•••no longer reportedHedge Fund$392,89722Nov 14, 2011
      S••••• C••••••• L•no longer reportedHedge Fund$388,24024Nov 14, 2011
      S••••• C•••••• I•• L•no longer reportedHedge Fund$382,31825Nov 14, 2011
      S••••• M•••• M••••••• M••••• F•••• L•••no longer reportedHedge Fund$00Mar 21, 2013
      S••••• G••••• R•••••••• F••• L•••no longer reportedHedge Fund$01Mar 30, 2015
      S••••• G••••• G••• O••••••• F•••• L••no longer reportedHedge Fund$00Mar 8, 2017
      S••••• M•••• M••••••• L•no longer reportedHedge Fund$00Mar 21, 2013
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••• V••••••• · Chief Financial Officercontrol
        since 12/2018 · owns less than 5%
      • C••••••••• J•••• A•••••• · Ceo, Directorcontrol
        since 07/2017 · owns less than 5%
      • G•••••• W••••••• W•••••• · Directorcontrol
        since 12/2018 · owns less than 5%
      • H••••••• K•••• · Directorcontrol
        since 01/2016 · owns less than 5%
      • M•••••• L••• · Chief Compliance Officercontrol
        since 06/2020 · owns less than 5%
      • S•••••••• M••••• A•••••••• · Chief Investment Officercontrol
        since 12/2021 · owns less than 5%
      Entity owners
      • S••••• A•••• M••••••••• G• I••• · General Partner
        direct · owns 75% or more
      • S••••• I••• · Limited Partner
        direct · owns less than 5% · public reporting company
      • S••••• I••• · Shareholder
        indirect · owns 75% or more of S••••• A•••• M••••••••• G• I••• · public reporting company
      Related persons
      Schedule D 7.A
      Advisers that list S••••• A•••• M••••••••• L• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 1 to 17
        Mar 29, 2024 to May 29, 2024
      • Corporate clients · 0.0 to unset
        Mar 29, 2024 to May 29, 2024
      • Pooled vehicle clients · 0 to 15
        Mar 29, 2024 to May 29, 2024
      • Discretionary RAUM · $0 to $624M
        Mar 29, 2024 to May 29, 2024
      • Pooled vehicle RAUM · unset to 612387879.0
        Mar 29, 2024 to May 29, 2024
      • RAUM · $792M to $1.4B
        Mar 29, 2024 to May 29, 2024
      • Accounts · 3 to 1
        Mar 28, 2024 to Mar 29, 2024
      • Accounts · 30 to 3
        Mar 31, 2023 to Mar 28, 2024
      • Advisory employees · 7 to 10
        Mar 31, 2023 to Mar 28, 2024
      • BD registered reps · 0 to 9
        Mar 31, 2023 to Mar 28, 2024
      • Corporate clients · 1 to 0
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle clients · 19 to 0
        Mar 31, 2023 to Mar 28, 2024
      • Employees · 27 to 68
        Mar 31, 2023 to Mar 28, 2024
      • Insurance-licensed employees · 0 to 4
        Mar 31, 2023 to Mar 28, 2024
      • Discretionary RAUM · $20B to $0
        Mar 31, 2023 to Mar 28, 2024
      • Non-discretionary RAUM · $0 to $792M
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · 17603398383.0 to unset
        Mar 31, 2023 to Mar 28, 2024
      • RAUM · $20B to $792M
        Mar 31, 2023 to Mar 28, 2024
      • Related bank · false to true
        Mar 31, 2023 to Mar 28, 2024
      • Accounts · 24 to 30
        Mar 22, 2022 to Mar 31, 2023
      • Discretionary RAUM · $18B to $20B
        Mar 22, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $16B to $18B
        Mar 22, 2022 to Mar 31, 2023
      • RAUM · $18B to $20B
        Mar 22, 2022 to Mar 31, 2023
      • Accounts · 23 to 24
        Mar 31, 2021 to Mar 22, 2022
      • Pooled vehicle clients · 18 to 19
        Mar 31, 2021 to Mar 22, 2022
      • Employees · 25 to 27
        Mar 31, 2021 to Mar 22, 2022
      • Discretionary RAUM · $15B to $18B
        Mar 31, 2021 to Mar 22, 2022
      • Pooled vehicle RAUM · $13B to $16B
        Mar 31, 2021 to Mar 22, 2022
      • RAUM · $15B to $18B
        Mar 31, 2021 to Mar 22, 2022
      • Accounts · 22 to 23
        Mar 30, 2020 to Mar 31, 2021
      • Advisory activities · 2 to 3
        Mar 30, 2020 to Mar 31, 2021
      • Corporate clients · 2 to 1
        Mar 30, 2020 to Mar 31, 2021
      • Pooled vehicle clients · 16 to 18
        Mar 30, 2020 to Mar 31, 2021
      • Employees · 10 to 25
        Mar 30, 2020 to Mar 31, 2021
      • Discretionary RAUM · $8.4B to $15B
        Mar 30, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $6.9B to $13B
        Mar 30, 2020 to Mar 31, 2021
      • RAUM · $8.4B to $15B
        Mar 30, 2020 to Mar 31, 2021
      • Accounts · 18 to 22
        Mar 31, 2019 to Mar 30, 2020
      • Corporate clients · 0 to 2
        Mar 31, 2019 to Mar 30, 2020
      • Pooled vehicle clients · 17 to 16
        Mar 31, 2019 to Mar 30, 2020
      Signals
      14 dated events
      • S••••• A•••• M••••••••• L• no longer on the SEC adviser roster (last listed 2025-03-06, RAUM $1.4B)
        May 2, 2025 · Left the SEC roster · derived
      • S••••• A•••• M••••••••• L• reported RAUM $1.4B, up 79% from $792.1M (2024-03-29 to 2024-05-29)
        May 29, 2024 · RAUM change · derived
      • S••••• A•••• M••••••••• L• reported RAUM $792.1M, down 96% from $19.9B (2023-03-31 to 2024-03-28)
        Mar 28, 2024 · RAUM change · derived
      • A•••••••• M•••• S••••••• (Chief Investment Officer) appeared on Schedule A of S••••• A•••• M••••••••• L•
        Mar 22, 2022 · Control person joined · fact
      • A•••• A•••• (Chief Compliance Officer) no longer on Schedule A of S••••• A•••• M••••••••• L• (listed 2020-03-30, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • K•••• H•••••• (Director) appeared on Schedule A of S••••• A•••• M••••••••• L•
        Mar 31, 2021 · Control person joined · fact
      • L••• M••••• (Chief Compliance Officer) appeared on Schedule A of S••••• A•••• M••••••••• L•
        Mar 31, 2021 · Control person joined · fact
      • S••••• A•••• M••••••••• L• reported RAUM $14.8B, up 75% from $8.4B (2020-03-30 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • S••••• A•••• M••••••••• L• reported RAUM $8.4B, up 29% from $6.6B (2019-03-31 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • S••••• A•••• M••••••••• L• reported RAUM $6.6B, up 504% from $1.1B (2018-03-30 to 2019-03-31)
        Mar 31, 2019 · RAUM change · derived
      • K•••• H•••••• (Chief Financial Officer, Director) no longer on Schedule A of S••••• A•••• M••••••••• L• (listed 2018-03-30, absent 2019-03-31)
        Mar 31, 2019 · Control person left · inference
      • V••••••• B••••• (Chief Financial Officer) appeared on Schedule A of S••••• A•••• M••••••••• L•
        Mar 31, 2019 · Control person joined · fact
      • Whitney William George (Chief Investment Officer) appeared on Schedule A of S••••• A•••• M••••••••• L•
        Mar 31, 2019 · Control person joined · fact
      • S••••• A•••• M••••••••• L• reported RAUM $1.1B, down 69% from $3.5B (2017-03-08 to 2018-03-30)
        Mar 30, 2018 · RAUM change · derived
      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