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

S• E••••• P••••••• M••••••••• L••

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 162396SEC 801-117068websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Jun 27, 2019 · 13 filings
SEC status approved since Jul 26, 2019
RAUM
$556M
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
8
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
7
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$556M as of Mar 30, 2026
Mar 24, 2020$226M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 24, 20200 then
Employees (5.A)8 as of Mar 30, 2026
Mar 24, 20207 then
Private funds7 as of Mar 30, 2026
Mar 24, 202010 then
RAUM -3.4% over the last fiscal year+7.8% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 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
$92.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%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
-3.4%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 assets, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$556M, 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)
  • 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$556M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
6reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$556M for 6 clientsreported
Compensation
% of AUM, performancereported
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
      13 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S• E••••• P•••••••• L•Private Equity Fund$396M13Jun 27, 2019
      S• E••••• P••••••• I•• L•Private Equity Fund$113M18Mar 31, 2023
      B• H•••••• P•••••••• L•••Private Equity Fund$30.1M6Jun 27, 2019
      S• E••••• P••••••• C••••••• I•• L•Private Equity Fund$28.4M7Jun 27, 2019
      S• E••••• P••••••• C••••••• D••• L•Private Equity Fund$24.5M10Mar 29, 2024
      S• E••••• P••••••• C••••••• R•• L•Private Equity Fund$24.3M9Apr 28, 2022
      S••• G••• L•Private Equity Fund$11.0M2Jun 27, 2019
      S•• F•••••••• E••••• P••••••• I••• L•••Private Equity Fund$740,0412Mar 28, 2012
      R•• H•••••• P•••••••• L•••no longer reportedPrivate Equity Fund$571,2197Jun 27, 2019
      S•• F•••••••• E••••• P•••••••• L•••Private Equity Fund$35,7413Mar 28, 2012
      S•• F•••••••• E••••• P••••••• I•• L•••Private Equity Fund$21,3263Mar 28, 2012
      Y• H•••••• P•••••••• L•••no longer reportedPrivate Equity Fund$4,4294Jun 27, 2019
      J••••••••• H•••••• P•••••••• L•••no longer reportedPrivate Equity Fund$3,9596Jun 27, 2019
      Owners and control persons
      Schedule A and B, latest filing
      • I•••••• D•••••••• L•••• · Chief Financial Officer And Chief Compliance Officercontrol
        since 03/2024 · owns less than 5%
      • P•••••• S•••• · Managing Partnercontrol
        since 02/2005 · owns 75% or more
      Related persons
      Schedule D 7.A
      • S• E••••• P••••••• G•• L••
        pooled vehicle sponsorn
      • S• E••••• P••••••• I• G•• L••
        pooled vehicle sponsorn
      • S• E••••• P••••••• M••••••••• L••
        pooled vehicle sponsorn
      • S••• I• G•• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Assets in custody · $0 to $556M
        Mar 31, 2025 to Mar 30, 2026
      • Discretionary RAUM · $575M to $556M
        Mar 31, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $575M to $556M
        Mar 31, 2025 to Mar 30, 2026
      • RAUM · $575M to $556M
        Mar 31, 2025 to Mar 30, 2026
      • Accounts · 7 to 6
        Mar 29, 2024 to Mar 31, 2025
      • Employees · 7 to 8
        Mar 29, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Mar 31, 2025
      • Discretionary RAUM · $617M to $575M
        Mar 29, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $617M to $575M
        Mar 29, 2024 to Mar 31, 2025
      • RAUM · $617M to $575M
        Mar 29, 2024 to Mar 31, 2025
      • Accounts · 8 to 7
        Apr 28, 2023 to Mar 29, 2024
      • Advisory employees · 5 to 6
        Apr 28, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 8 to 6
        Apr 28, 2023 to Mar 29, 2024
      • Employees · 6 to 7
        Apr 28, 2023 to Mar 29, 2024
      • Private funds · 9 to 7
        Apr 28, 2023 to Mar 29, 2024
      • Discretionary RAUM · $444M to $617M
        Apr 28, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $444M to $617M
        Apr 28, 2023 to Mar 29, 2024
      • RAUM · $444M to $617M
        Apr 28, 2023 to Mar 29, 2024
      • Discretionary RAUM · $444M to $444M
        Mar 31, 2023 to Apr 28, 2023
      • Pooled vehicle RAUM · $444M to $444M
        Mar 31, 2023 to Apr 28, 2023
      • RAUM · $444M to $444M
        Mar 31, 2023 to Apr 28, 2023
      • Accounts · 11 to 8
        Jan 10, 2023 to Mar 31, 2023
      • Pooled vehicle clients · 11 to 8
        Jan 10, 2023 to Mar 31, 2023
      • Private funds · 11 to 9
        Jan 10, 2023 to Mar 31, 2023
      • Discretionary RAUM · $268M to $444M
        Jan 10, 2023 to Mar 31, 2023
      • Pooled vehicle RAUM · $268M to $444M
        Jan 10, 2023 to Mar 31, 2023
      • RAUM · $268M to $444M
        Jan 10, 2023 to Mar 31, 2023
      • Accounts · 10 to 11
        Mar 31, 2022 to Apr 28, 2022
      • Pooled vehicle clients · 10 to 11
        Mar 31, 2022 to Apr 28, 2022
      • Private funds · 10 to 11
        Mar 31, 2022 to Apr 28, 2022
      • Discretionary RAUM · $247M to $268M
        Mar 31, 2022 to Apr 28, 2022
      • Pooled vehicle RAUM · $247M to $268M
        Mar 31, 2022 to Apr 28, 2022
      • RAUM · $247M to $268M
        Mar 31, 2022 to Apr 28, 2022
      • Discretionary RAUM · $208M to $247M
        Jan 28, 2022 to Mar 31, 2022
      • Pooled vehicle RAUM · $208M to $247M
        Jan 28, 2022 to Mar 31, 2022
      • RAUM · $208M to $247M
        Jan 28, 2022 to Mar 31, 2022
      • Assets in custody · $226M to $0
        Mar 24, 2020 to Mar 29, 2021
      • Employees · 7 to 6
        Mar 24, 2020 to Mar 29, 2021
      • Discretionary RAUM · $226M to $208M
        Mar 24, 2020 to Mar 29, 2021
      • Pooled vehicle RAUM · $226M to $208M
        Mar 24, 2020 to Mar 29, 2021
      Signals
      5 dated events
      • S• E••••• P••••••• M••••••••• L•• reported RAUM $616.7M, up 39% from $444.5M (2023-04-28 to 2024-03-29)
        Mar 29, 2024 · RAUM change · derived
      • S• E••••• P••••••• M••••••••• L•• reported RAUM $444.2M, up 65% from $268.4M (2023-01-10 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • Ann Mary Kayser (Cfo, Cco) no longer on Schedule A of S• E••••• P••••••• M••••••••• L•• (listed 2021-11-09, absent 2022-01-28)
        Jan 28, 2022 · Control person left · inference
      • Laura Danielle Iovino (Chief Financial Officer) appeared on Schedule A of S• E••••• P••••••• M••••••••• L••
        Jan 28, 2022 · Control person joined · fact
      • S• E••••• P••••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Jun 27, 2019 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      w••.s•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      415-738-1200reportedpublic record, Form ADV, Mar 30, 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