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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

SEC-registered adviser

S•••• C•••••• L••

Wealth manager with institutional or fund businessSan Francisco, CaliforniaCRD 159461SEC 801-72926websiteIAPD
Latest filing May 6, 2026
First filing on the tape Nov 23, 2011 · 39 filings
SEC status approved since Dec 22, 2011
RAUM
$1.1B
reported, Item 5.F
Discretionary
45%
of RAUM
Private clients
38%
$433M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
19
12 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
reported on Schedule D
History
39 filings and snapshots on the tape
RAUM$1.1B as of May 6, 2026
Mar 12, 2012$122M then
HNW client RAUM$433M as of May 6, 2026
Mar 30, 2018$76.6M then
State-registered IARs (5.B.3)2 as of May 6, 2026
Feb 15, 20136 then
Employees (5.A)19 as of May 6, 2026
Feb 15, 201310 then
Private funds4 as of May 6, 2026
Feb 15, 20134 then
RAUM +13% over the last fiscal year+10% a year over threeIARs 1 to 2
Practice profile
derived from the filing of May 6, 2026; every figure names its basis
Archetypes, each a printed rule
RAUM per advisor
$568MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
14derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$16.0MderivedHNW RAUM over HNW clients
Average account
$28.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
45%derivedof RAUM
Institutional
47%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
9.5derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+13%derivedbetween the last two annual amendments
Advisor growth, one year
+100%derivedItem 5.B.3 between annual amendments
Client growth, one year
+8.0%derived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
Custody
$194M, 6 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Charitable organizations$539M47%
  • High-net-worth individuals$433M38%
  • Pooled investment vehicles$165M15%
Individual clients
0reported
HNW clients
27reported
Pension plan clients
0reported
Charitable clients
9reported
Accounts
40reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$194M for 6 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.38 fund_share=0.15 institutional_share=0.47 related_bd=false related_bank=false bd_reps=2.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Private funds
12 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
S•••• G••••• F•••• I••••• F•••• A• S••••• O• T•• S•••• I••••••••• M••••••••• P••••• A••••• P••••••• L••no longer reportedOther Private Fund$85.2M30Feb 15, 2013
L•••• I••••• F•••• L•••Private Equity Fund$71.0M8Mar 30, 2022
S•••• P•••••• M••••• T••••no longer reportedOther Private Fund$62.0M2Mar 22, 2016
S•••• G••••• S••••••••• R••• A••••• ••••••••• F•••• A• S••••• O• T•• S•••• I••••••••• M••••••••• P•••••• A••••• P••••••• L••Private Equity Fund$45.1M91Jun 27, 2014
S•••• P•••••• M••••• T••••• G••••• S••••••••• R••• A•••••no longer reportedPrivate Equity Fund$44.7M2Jun 27, 2014
S•••• G••••• P••••• E••••• F•••• A• S••••• O• T•• S•••• I••••••••• M••••••••• P••••• A••••• P••••••• L••Other Private Fund$39.6M55Feb 15, 2013
U• C••• F•••• I••••• S••••• O• S•••• I••••••••• M••••••••• P••••• A••••• P••••••• L••no longer reportedOther Private Fund$29.0M19Feb 15, 2013
S•••• G••••• M••••••••• •••••• F•••• A• S••••• O• T•• S•••• I••••••••• M••••••••• P•••••• A••••• P••••••• P••no longer reportedHedge Fund$25.7M9Mar 22, 2016
U• P••••• E••••• S••••• O• S•••• I••••••••• M••••••••• P••••• A••••• P••••••• L••no longer reportedOther Private Fund$25.4M16Feb 15, 2013
S•••• G••••• M••••••••• ••••••••• F•••• A• S••••• O• T•• S•••• I••••••••• M••••••••• P•••••• A••••• P••••••• L••no longer reportedHedge Fund$20.1M15Mar 22, 2016
S•••• P•••••• M••••• T••••• G••••• M••••••••• M••••• F•••no longer reportedPrivate Equity Fund$17.3M2Mar 22, 2016
S•••• G••••• S••••••••• R••• A••••• •••••• F•••• A• S••••• O• T•• S•••• I••••••••• M••••••••• P•••••• A••••• P••••••• P••Private Equity Fund$13.4M6Jun 27, 2014
Owners and control persons
Schedule A and B, latest filing
  • D•••••••• S•••••• P• •• O•••• · Chairmancontrol
    since 08/2014 · owns 10% to 25%
  • G••••••••• R•••••• J•• · Chief Executive Officer Officercontrol
    since 08/2014 · owns 5% to 10%
  • G••••••• D•••• L••••• · Chief Financial Officercontrol
    since 10/2023 · owns less than 5%
  • P••••••• R•••• N•• · Foundercontrol
    since 08/2014 · owns 10% to 25%
  • M••••• J•••• E• · Sole Member
    since 11/2013 · owns 75% or more of R••• I••••••••• L••
Entity owners
  • M•••••••• A•••• M••••••••• S•••••••• S••••••••• L•• · Member
    direct · owns 10% to 25%
  • R••• I••••••••• L•• · Member
    direct · owns 10% to 25%
  • M•••••••• A•••• M••••••••• H••••••• P•• L•••••• · Parent
    indirect · owns 75% or more of M•••••••• A•••• M••••••••• U• H••••••• P•• L••••••
  • M•••••••• A•••• M••••••••• U• H••••••• P•• L•••••• · Parent
    indirect · owns 75% or more of M•••••••• F• H•••••••• I•••
  • M•••••••• F• H•••••••• I••• · Parent
    indirect · owns 75% or more of M•••••••• A•••• M••••••••• S•••••••• S••••••••• L••
  • M•••••••• G•••• L•••••• · Parent
    indirect · owns 75% or more of M•••••••• A•••• M••••••••• H••••••• P•• L••••••
Related persons
Schedule D 7.A
  • L•••• I••••• I••••••••• L•••
    pooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
4 against comparable advisers; where to look, not conclusions
  • institutional to wealth shiftCombination · filing Apr 30, 2026
    institutional share fell 15 points or more while private-client share rose 15 points or more. RAUM $1,009,760,931 to $1,136,785,878, advisors 1 to 2, private clients 25 to 27, offices 0 to 0 (2025-03-25 to 2026-04-30)
    peers: independent wealth managers, $1B to $5B (1,362)
  • client mix shiftChange between filings · filing Apr 30, 2026
    private-client share of RAUM moved from 13.0% to 38.0% between the annual amendments of 2025-03-25 and 2026-04-30
    peers: independent wealth managers, $1B to $5B (1,362)
  • HNW share shiftChange between filings · filing Apr 30, 2026
    HNW share of RAUM moved from 13.0% to 38.0% between the annual amendments of 2025-03-25 and 2026-04-30
    peers: independent wealth managers, $1B to $5B (1,362)
  • institutional asset share shiftChange between filings · filing Apr 30, 2026
    institutional share of RAUM moved from 64.0% to 47.0% between the annual amendments of 2025-03-25 and 2026-04-30
    peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
  • Private funds · 6 to 4
    Apr 30, 2026 to May 6, 2026
  • Accounts · 42 to 40
    Mar 26, 2026 to Apr 30, 2026
  • Pooled vehicle clients · 6 to 4
    Mar 26, 2026 to Apr 30, 2026
  • Discretionary RAUM · $510M to $508M
    Mar 26, 2026 to Apr 30, 2026
  • HNW RAUM · $297M to $433M
    Mar 26, 2026 to Apr 30, 2026
  • Non-discretionary RAUM · $509M to $629M
    Mar 26, 2026 to Apr 30, 2026
  • Pooled vehicle RAUM · $194M to $165M
    Mar 26, 2026 to Apr 30, 2026
  • RAUM · $1.0B to $1.1B
    Mar 26, 2026 to Apr 30, 2026
  • Accounts · 41 to 42
    Mar 25, 2025 to Mar 26, 2026
  • Advisory employees · 13 to 12
    Mar 25, 2025 to Mar 26, 2026
  • BD registered reps · 0 to 2
    Mar 25, 2025 to Mar 26, 2026
  • Charity clients · 10 to 9
    Mar 25, 2025 to Mar 26, 2026
  • HNW clients · 25 to 27
    Mar 25, 2025 to Mar 26, 2026
  • Assets in custody · $141M to $194M
    Mar 25, 2025 to Mar 26, 2026
  • Employees · 20 to 19
    Mar 25, 2025 to Mar 26, 2026
  • State-registered IARs · 1 to 2
    Mar 25, 2025 to Mar 26, 2026
  • Discretionary RAUM · $531M to $510M
    Mar 25, 2025 to Mar 26, 2026
  • HNW RAUM · $134M to $297M
    Mar 25, 2025 to Mar 26, 2026
  • Non-discretionary RAUM · $479M to $509M
    Mar 25, 2025 to Mar 26, 2026
  • Pooled vehicle RAUM · $233M to $194M
    Mar 25, 2025 to Mar 26, 2026
  • RAUM · $1.0B to $1.0B
    Mar 25, 2025 to Mar 26, 2026
  • Advisory employees · 11 to 13
    May 21, 2024 to Mar 25, 2025
  • Charity clients · 9 to 10
    May 21, 2024 to Mar 25, 2025
  • Assets in custody · $161M to $141M
    May 21, 2024 to Mar 25, 2025
  • Employees · 19 to 20
    May 21, 2024 to Mar 25, 2025
  • Financial planning clients · unset to
    May 21, 2024 to Mar 25, 2025
  • Discretionary RAUM · $366M to $531M
    May 21, 2024 to Mar 25, 2025
  • HNW RAUM · $80.8M to $134M
    May 21, 2024 to Mar 25, 2025
  • Non-discretionary RAUM · $427M to $479M
    May 21, 2024 to Mar 25, 2025
  • Pooled vehicle RAUM · $256M to $233M
    May 21, 2024 to Mar 25, 2025
  • RAUM · $793M to $1.0B
    May 21, 2024 to Mar 25, 2025
  • Accounts · 42 to 41
    Oct 31, 2023 to Mar 30, 2024
  • Charity clients · 8 to 9
    Oct 31, 2023 to Mar 30, 2024
  • HNW clients · 27 to 25
    Oct 31, 2023 to Mar 30, 2024
  • Assets in custody · $218M to $161M
    Oct 31, 2023 to Mar 30, 2024
  • Employees · 14 to 19
    Oct 31, 2023 to Mar 30, 2024
  • Discretionary RAUM · $435M to $366M
    Oct 31, 2023 to Mar 30, 2024
  • HNW RAUM · $117M to $80.8M
    Oct 31, 2023 to Mar 30, 2024
  • Non-discretionary RAUM · $408M to $427M
    Oct 31, 2023 to Mar 30, 2024
  • Pooled vehicle RAUM · $288M to $256M
    Oct 31, 2023 to Mar 30, 2024
Signals
4 dated events
  • S•••• C•••••• L•• reported RAUM $1.0B, up 27% from $792.7M (2024-05-21 to 2025-03-25)
    Mar 25, 2025 · RAUM change · derived
  • Labair Dion Griffin (Chief Financial Officer) appeared on Schedule A of S•••• C•••••• L••
    Oct 31, 2023 · Control person joined · fact
  • S•••• C•••••• L•• reported RAUM $843.3M, up 48% from $568.6M (2022-09-15 to 2023-03-31)
    Mar 31, 2023 · RAUM change · derived
  • Nicholas Koukopoulos (Chief Investment Officer) no longer on Schedule A of S•••• C•••••• L•• (listed 2021-03-30, absent 2021-05-20)
    May 20, 2021 · Control person left · inference
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Business email
info@sonencapital.comreportedpublished by the firm, firm site, Sep 17, 2026
Business phone
415-534-4444reportedpublished by the firm, firm site, Sep 17, 2026
Website
S••••CAPITAL.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
415-534-4444reportedpublic record, Form ADV, May 6, 2026
p••••• contact form
sonencapital.com/contactreportedpublished by the firm, firm site, Sep 17, 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
Wealth manager with institutional or fund businessderiveda 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