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

B•••••••• L••

Asset manager (funds and pooled vehicles)Farmington Hills, MichiganCRD 161803SEC 801-74510websiteIAPD
Latest filing May 5, 2026
First filing on the tape Mar 5, 2012 · 19 filings
SEC status approved since Mar 14, 2012
RAUM
$270M
reported, Item 5.F
Discretionary
39%
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
5
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$270M as of May 5, 2026
Mar 27, 2013$330M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of May 5, 2026
Mar 27, 20130 then
Employees (5.A)5 as of May 5, 2026
Mar 27, 20136 then
Private funds4 as of May 5, 2026
Mar 27, 20134 then
RAUM -14% over the last fiscal year-9.2% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 5, 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
$67.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
39%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
-14%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 pooled vehiclesreportedItem 5.G
Custody
$216M, 4 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • 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$270M100%
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
$216M for 4 clientsreported
Compensation
% of AUMreported
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)
      Owners and control persons
      Schedule A and B, latest filing
      • M•••• M••••••• K•••••• · Senior Managing Partnercontrol
        since 11/2001 · owns 50% to 75%
      • R••••••••• C••••••• P••••• · Senior Managing Partnercontrol
        since 11/2001 · owns 50% to 75%
      • S••••••• L•••••• A•• · Chief Compliance Officercontrol
        since 01/2012 · owns less than 5%
      Related persons
      Schedule D 7.A
      • B••••••• I••••• M••••••• L••
        pooled vehicle sponsory
      • B••••••• L••
        investment adviserpooled vehicle sponsory
      • M••••••• G••••• C•••••• P••••••• G• I•• L••
        pooled vehicle sponsory
      • M••••••• G••••• C•••••• P••••••• G•• L••
        pooled vehicle sponsory
      • M••••••• G••••• C•••••• P••••••• S••• G•• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 4 to 5
        Mar 27, 2025 to Mar 25, 2026
      • Assets in custody · $277M to $216M
        Mar 27, 2025 to Mar 25, 2026
      • Discretionary RAUM · $102M to $106M
        Mar 27, 2025 to Mar 25, 2026
      • Non-discretionary RAUM · $211M to $163M
        Mar 27, 2025 to Mar 25, 2026
      • Pooled vehicle RAUM · $313M to $270M
        Mar 27, 2025 to Mar 25, 2026
      • RAUM · $313M to $270M
        Mar 27, 2025 to Mar 25, 2026
      • Advisory employees · 3 to 4
        Apr 29, 2024 to Mar 27, 2025
      • Assets in custody · $278M to $277M
        Apr 29, 2024 to Mar 27, 2025
      • Financial planning clients · unset to
        Apr 29, 2024 to Mar 27, 2025
      • Discretionary RAUM · $92.7M to $102M
        Apr 29, 2024 to Mar 27, 2025
      • Non-discretionary RAUM · $260M to $211M
        Apr 29, 2024 to Mar 27, 2025
      • Pooled vehicle RAUM · $353M to $313M
        Apr 29, 2024 to Mar 27, 2025
      • RAUM · $353M to $313M
        Apr 29, 2024 to Mar 27, 2025
      • Advisory employees · 4 to 3
        Mar 23, 2023 to Mar 20, 2024
      • Assets in custody · $274M to $278M
        Mar 23, 2023 to Mar 20, 2024
      • Discretionary RAUM · $82.3M to $92.7M
        Mar 23, 2023 to Mar 20, 2024
      • Non-discretionary RAUM · $278M to $260M
        Mar 23, 2023 to Mar 20, 2024
      • Pooled vehicle RAUM · $361M to $353M
        Mar 23, 2023 to Mar 20, 2024
      • RAUM · $361M to $353M
        Mar 23, 2023 to Mar 20, 2024
      • Advisory employees · 3 to 4
        Mar 28, 2022 to Mar 23, 2023
      • Assets in custody · $255M to $274M
        Mar 28, 2022 to Mar 23, 2023
      • Discretionary RAUM · $49.9M to $82.3M
        Mar 28, 2022 to Mar 23, 2023
      • Non-discretionary RAUM · $361M to $278M
        Mar 28, 2022 to Mar 23, 2023
      • Pooled vehicle RAUM · $411M to $361M
        Mar 28, 2022 to Mar 23, 2023
      • RAUM · $411M to $361M
        Mar 28, 2022 to Mar 23, 2023
      • Accounts · 3 to 4
        Mar 22, 2021 to Mar 28, 2022
      • Pooled vehicle clients · 3 to 4
        Mar 22, 2021 to Mar 28, 2022
      • Assets in custody · $373M to $255M
        Mar 22, 2021 to Mar 28, 2022
      • Private funds · 3 to 4
        Mar 22, 2021 to Mar 28, 2022
      • Discretionary RAUM · $0 to $49.9M
        Mar 22, 2021 to Mar 28, 2022
      • Non-discretionary RAUM · $458M to $361M
        Mar 22, 2021 to Mar 28, 2022
      • Pooled vehicle RAUM · $458M to $411M
        Mar 22, 2021 to Mar 28, 2022
      • RAUM · $458M to $411M
        Mar 22, 2021 to Mar 28, 2022
      • Accounts · 4 to 3
        Mar 27, 2020 to Mar 22, 2021
      • Advisory employees · 4 to 3
        Mar 27, 2020 to Mar 22, 2021
      • Pooled vehicle clients · 4 to 3
        Mar 27, 2020 to Mar 22, 2021
      • Non-discretionary RAUM · $402M to $458M
        Mar 27, 2020 to Mar 22, 2021
      • Pooled vehicle RAUM · $402M to $458M
        Mar 27, 2020 to Mar 22, 2021
      • RAUM · $402M to $458M
        Mar 27, 2020 to Mar 22, 2021
      • Assets in custody · $400M to $373M
        Mar 26, 2019 to Mar 27, 2020
      Signals
      3 dated events
      • E••••• B••••••• (Chief Financial Officer) no longer on Schedule A of B•••••••• L•• (listed 2021-03-22, absent 2022-03-28)
        Mar 28, 2022 · Control person left · inference
      • E••••• B••••••• (Chief Financial Officer) appeared on Schedule A of B•••••••• L••
        Mar 27, 2020 · Control person joined · fact
      • Steven Tuckley (Chief Financial Officer) no longer on Schedule A of B•••••••• L•• (listed 2019-03-26, absent 2020-03-27)
        Mar 27, 2020 · 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
      Firm profile
      H••••://WWW.LINKEDIN.COM/COMPANY/B•••••••-L••••••reportedpublic record, Form ADV, Sep 18, 2026
      Website
      B•••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      248-489-9000reportedpublic record, Form ADV, May 5, 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