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••••• C•••••• P•••••••• L••

Former SEC-registered adviserMidland, TexasCRD 161954SEC 801-74778websiteIAPD
Latest filing Dec 26, 2024
First filing on the tape Mar 22, 2012 · 43 filings
SEC status approved since Apr 13, 2012
RAUM
$60.3M
reported, Item 5.F
Discretionary
100%
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
1
1 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
5
$60.3M gross assets
History
43 filings and snapshots on the tape
RAUM$60.3M as of Mar 26, 2024
Apr 1, 2013$234M then
HNW client RAUM$339M as of Mar 29, 2023
Mar 30, 2018$741M then
State-registered IARs (5.B.3)1 as of Mar 26, 2024
Apr 1, 20134 then
Employees (5.A)2 as of Mar 26, 2024
Apr 1, 20136 then
Private funds5 as of Mar 26, 2024
Mar 30, 20151 then
RAUM -86% over the last fiscal year-51% a year over threeIARs 5 to 1offices 0 to 2
Practice profile
derived from the filing of Dec 26, 2024; every figure names its basis
RAUM per advisor
$60.3MderivedRAUM 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
$12.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
0.3derived3 offices incl. principal (1.F.5)
RAUM growth, one year
-86%derivedbetween the last two annual amendments
Advisor growth, one year
-80%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourly, fixed fees, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$60.3M, 5 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)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$60.3M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
5reported
Financial planning clients
n/areported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$60.3M for 5 clientsreported
Compensation
% of AUM, fixed, hourly, performancereported
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
Private funds
7 reported on Schedule D 7.B.(1)
Owners and control persons
Schedule A and B, latest filing
  • C••••• C•••• L••••• · Managing Director And Chief Compliance Officercontrol
    since 05/2012 · owns less than 5%
  • C••••• C•••• L••••• · Managercontrol
    since 08/2014 · owns F of S••••• C•••••• H•••••••• L••
  • C••••• C•••• L••••• · Limited Partner Of S••••• G••••• H•••••••• L•control
    since 07/2019 · owns 50% to 75% of S••••• G••••• H•••••••• L•
  • C••••• D•••• E••••• · Managercontrol
    since 08/2014 · owns F of S••••• C•••••• H•••••••• L••
  • C••••• D•••• E••••• · Beneficial Onwercontrol
    since 07/2019 · owns 50% to 75% of C•••• F••••• L•
  • C••••• S••••• S•••• · Limited Partner Of C•••• F••••• L•control
    since 07/2019 · owns 50% to 75% of C•••• F••••• L•
Entity owners
  • S••••• G••••• H•••••••• L• · Member/Manager
    direct · owns 75% or more
  • S••••• H•••••••• L•• · Member/Manager
    direct · owns 10% to 25%
  • C•••• F••••• G•• L•• · General Partner Of C•••• F••••• L•
    indirect · owns F of S••••• G••••• H•••••••• L•
  • C•••• F••••• L• · Limited Partner Of S••••• G••••• H•••••••• L•
    indirect · owns 50% to 75% of S••••• G••••• H•••••••• L•
  • S••••• C•••••• H•••••••• L•• · General Partner Of S••••• G••••• H•••••••• L•
    indirect · owns F of S••••• G••••• H•••••••• L•
Related persons
Schedule D 7.A
Advisers that list S••••• C•••••• P•••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Colorado Springs, Co000
Midland, Tx · principal000
Offices
Schedule D 1.F, the 25 largest
  • , 1 employees
What changed
consecutive filings, newest first
  • Employees · 2 to 1
    Mar 27, 2024 to Dec 13, 2024
  • Other offices · 1 to 2
    Mar 27, 2024 to Dec 13, 2024
  • Accounts · 706 to 5
    Oct 12, 2023 to Mar 26, 2024
  • Advisory employees · 3 to 1
    Oct 12, 2023 to Mar 26, 2024
  • HNW clients · 70.0 to unset
    Oct 12, 2023 to Mar 26, 2024
  • Individual clients · 30.0 to unset
    Oct 12, 2023 to Mar 26, 2024
  • Pooled vehicle clients · 13 to 5
    Oct 12, 2023 to Mar 26, 2024
  • Assets in custody · $55.8M to $60.3M
    Oct 12, 2023 to Mar 26, 2024
  • Employees · 3 to 2
    Oct 12, 2023 to Mar 26, 2024
  • Insurance-licensed employees · 0 to 1
    Oct 12, 2023 to Mar 26, 2024
  • State-registered IARs · 3 to 1
    Oct 12, 2023 to Mar 26, 2024
  • Other offices · 0 to 1
    Oct 12, 2023 to Mar 26, 2024
  • Discretionary RAUM · $361M to $60.3M
    Oct 12, 2023 to Mar 26, 2024
  • HNW RAUM · 339121567.0 to unset
    Oct 12, 2023 to Mar 26, 2024
  • Individual RAUM · 6184582.0 to unset
    Oct 12, 2023 to Mar 26, 2024
  • Non-discretionary RAUM · $80.1M to $0
    Oct 12, 2023 to Mar 26, 2024
  • Pooled vehicle RAUM · $54.8M to $60.3M
    Oct 12, 2023 to Mar 26, 2024
  • RAUM · $442M to $60.3M
    Oct 12, 2023 to Mar 26, 2024
  • Advisory employees · 5 to 3
    Mar 31, 2023 to Oct 9, 2023
  • Employees · 10 to 3
    Mar 31, 2023 to Oct 9, 2023
  • State-registered IARs · 5 to 3
    Mar 31, 2023 to Oct 9, 2023
  • Related adviser · false to true
    Mar 31, 2023 to Oct 9, 2023
  • Accounts · 709 to 706
    Nov 2, 2022 to Mar 29, 2023
  • HNW clients · 66 to 70
    Nov 2, 2022 to Mar 29, 2023
  • Individual clients · 25 to 30
    Nov 2, 2022 to Mar 29, 2023
  • Pooled vehicle clients · 10 to 13
    Nov 2, 2022 to Mar 29, 2023
  • Assets in custody · $1.0M to $55.8M
    Nov 2, 2022 to Mar 29, 2023
  • Employees · 7 to 10
    Nov 2, 2022 to Mar 29, 2023
  • State-registered IARs · 4 to 5
    Nov 2, 2022 to Mar 29, 2023
  • Private funds · 3 to 5
    Nov 2, 2022 to Mar 29, 2023
  • Discretionary RAUM · $375M to $361M
    Nov 2, 2022 to Mar 29, 2023
  • HNW RAUM · $358M to $339M
    Nov 2, 2022 to Mar 29, 2023
  • Individual RAUM · $7.7M to $6.2M
    Nov 2, 2022 to Mar 29, 2023
  • Non-discretionary RAUM · $78.5M to $80.1M
    Nov 2, 2022 to Mar 29, 2023
  • Pension RAUM · 809718.0 to unset
    Nov 2, 2022 to Mar 29, 2023
  • Pooled vehicle RAUM · $44.4M to $54.8M
    Nov 2, 2022 to Mar 29, 2023
  • RAUM · $454M to $442M
    Nov 2, 2022 to Mar 29, 2023
  • Other offices · 1 to 0
    Jun 6, 2022 to Jul 5, 2022
  • Accounts · 640 to 709
    Nov 2, 2021 to Mar 31, 2022
  • Charity clients · 9.0 to unset
    Nov 2, 2021 to Mar 31, 2022
Signals
13 dated events
  • S••••• C•••••• P•••••••• L•• no longer on the SEC adviser roster (last listed 2025-03-06, RAUM $60.3M)
    May 2, 2025 · Left the SEC roster · derived
  • C••• L••••• C•••• left S••••• C•••••• P•••••••• L•• for A•••••••• P•••••••• L•• (registered 2024-01-31)
    Apr 15, 2025 · a•••••• firm change · fact
  • S••••• C•••••• P•••••••• L•• reported RAUM $60.3M, down 86% from $441.6M (2023-10-12 to 2024-03-26)
    Mar 26, 2024 · RAUM change · derived
  • James Robert Carlyon (Chief Compliance Officer/Chief Operating Officer) no longer on Schedule A of S••••• C•••••• P•••••••• L•• (listed 2023-10-12, absent 2024-03-26)
    Mar 26, 2024 · Control person left · inference
  • J••• C••••• W••••• left S••••• C•••••• P•••••••• L•• for A•••••••• P•••••••• L•• (registered 2024-01-26)
    Feb 26, 2024 · a•••••• firm change · fact
  • 2 advisors left S••••• C•••••• P•••••••• L•• (Midland, TX) for E•••• 3• F••••••••• L•• on the same day
    Sep 11, 2023 · Team lift-out · derived
  • R••••• L• P•••••• left S••••• C•••••• P•••••••• L•• for E•••• 3• F••••••••• L•• (registered 2024-03-15)
    Sep 11, 2023 · a•••••• firm change · fact
  • C••• A•••• J•••• left S••••• C•••••• P•••••••• L•• for E•••• 3• F••••••••• L•• (registered 2023-09-14)
    Sep 11, 2023 · a•••••• firm change · fact
  • D••• E••••• C•••• left S••••• C•••••• P•••••••• L•• for E•••• 3• F••••••••• L•• (registered 2023-09-14)
    Sep 11, 2023 · a•••••• firm change · fact
  • L. F•••••• K••••• (Trustee And Beneficiary) no longer on Schedule A of S••••• C•••••• P•••••••• L•• (listed 2021-08-20, absent 2021-10-06)
    Oct 6, 2021 · Control person left · inference
  • Sally Crunk (Limited Partner Of C•••• F••••• L•) appeared on Schedule A of S••••• C•••••• P•••••••• L••
    Mar 31, 2021 · Control person joined · fact
  • L. F•••••• K••••• (Trustee And Beneficiary) appeared on Schedule A of S••••• C•••••• P•••••••• L••
    Mar 31, 2021 · Control person joined · fact
  • S••••• C•••••• P•••••••• L•• reported RAUM $747.3M, up 37% from $545.0M (2017-11-07 to 2018-03-30)
    Mar 30, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
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
Across the graphs

S••••• C•••••• P•••••••• L•• 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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