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

L••• S••••• C••••••• L••

Former SEC-registered adviserSan Francisco, CaliforniaCRD 163813SEC 801-77892IAPD
Latest filing Mar 26, 2020
First filing on the tape Mar 28, 2013 · 9 filings
RAUM
$114M
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
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
$114M gross assets
History
9 filings and snapshots on the tape
RAUM$114M as of Mar 26, 2020
Mar 26, 2014$432M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 26, 2020
Mar 26, 20140 then
Employees (5.A)2 as of Mar 26, 2020
Mar 26, 20143 then
Private funds2 as of Mar 26, 2020
Mar 26, 20142 then
RAUM -42% over the last fiscal year-37% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 26, 2020; 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
$57.0MderivedRAUM 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
-42%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-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$114M, 2 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)
  • compensates persons for client referrals (8.G.1)
  • 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
  • Pooled investment vehicles$114M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$114M for 2 clientsreported
Compensation
% of AUM, 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
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      L••• S••••• I••••••••• L•Hedge Fund$102M15Apr 5, 2012
      L••• S••••• Q•••••••• I••••••••• L•Hedge Fund$15.1M2Mar 28, 2013
      Owners and control persons
      Schedule A and B, latest filing
      • F••••••••• B••••• C•••• · Managercontrol
        since 11/2008 · owns 75% or more
      • K••••••••• A•••••• H•••• · Coo & Ccocontrol
        since 03/2012 · owns less than 5%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 2 to 1
        Mar 13, 2019 to Mar 26, 2020
      • Assets in custody · $196M to $114M
        Mar 13, 2019 to Mar 26, 2020
      • Employees · 3 to 2
        Mar 13, 2019 to Mar 26, 2020
      • Discretionary RAUM · $196M to $114M
        Mar 13, 2019 to Mar 26, 2020
      • Pooled vehicle RAUM · $196M to $114M
        Mar 13, 2019 to Mar 26, 2020
      • RAUM · $196M to $114M
        Mar 13, 2019 to Mar 26, 2020
      • Accounts · 3 to 2
        Mar 30, 2018 to Mar 13, 2019
      • Advisory employees · 3 to 2
        Mar 30, 2018 to Mar 13, 2019
      • Assets in custody · $543M to $196M
        Mar 30, 2018 to Mar 13, 2019
      • Employees · 4 to 3
        Mar 30, 2018 to Mar 13, 2019
      • Discretionary RAUM · $555M to $196M
        Mar 30, 2018 to Mar 13, 2019
      • Pooled vehicle RAUM · $543M to $196M
        Mar 30, 2018 to Mar 13, 2019
      • RAUM · $555M to $196M
        Mar 30, 2018 to Mar 13, 2019
      • Accounts · 4 to 3
        Mar 22, 2017 to Mar 30, 2018
      • Pooled vehicle clients · unset to 2.0
        Mar 22, 2017 to Mar 30, 2018
      • Assets in custody · $371M to $543M
        Mar 22, 2017 to Mar 30, 2018
      • Other offices · unset to 0.0
        Mar 22, 2017 to Mar 30, 2018
      • Discretionary RAUM · $447M to $555M
        Mar 22, 2017 to Mar 30, 2018
      • Pooled vehicle RAUM · unset to 542590259.0
        Mar 22, 2017 to Mar 30, 2018
      • RAUM · $447M to $555M
        Mar 22, 2017 to Mar 30, 2018
      • Advisory employees · 2 to 3
        Mar 29, 2016 to Mar 22, 2017
      • Assets in custody · $270M to $371M
        Mar 29, 2016 to Mar 22, 2017
      • Employees · 3 to 4
        Mar 29, 2016 to Mar 22, 2017
      • Discretionary RAUM · $334M to $447M
        Mar 29, 2016 to Mar 22, 2017
      • RAUM · $334M to $447M
        Mar 29, 2016 to Mar 22, 2017
      • Accounts · 5 to 4
        Mar 25, 2015 to Mar 29, 2016
      • Assets in custody · $291M to $270M
        Mar 25, 2015 to Mar 29, 2016
      • Discretionary RAUM · $473M to $334M
        Mar 25, 2015 to Mar 29, 2016
      • RAUM · $473M to $334M
        Mar 25, 2015 to Mar 29, 2016
      • Assets in custody · $284M to $291M
        Mar 26, 2014 to Mar 25, 2015
      • Discretionary RAUM · $432M to $473M
        Mar 26, 2014 to Mar 25, 2015
      • RAUM · $432M to $473M
        Mar 26, 2014 to Mar 25, 2015
      • Assets in custody · $234M to $284M
        Apr 23, 2013 to Mar 26, 2014
      • Organization form · Limited Liability Partnership to Limited Liability Company
        Apr 23, 2013 to Mar 26, 2014
      • Discretionary RAUM · $376M to $432M
        Apr 23, 2013 to Mar 26, 2014
      • RAUM · $376M to $432M
        Apr 23, 2013 to Mar 26, 2014
      • Private funds · 4 to 2
        Mar 28, 2013 to Apr 23, 2013
      Signals
      2 dated events
      • L••• S••••• C••••••• L•• reported RAUM $195.5M, down 65% from $555.0M (2018-03-30 to 2019-03-13)
        Mar 13, 2019 · RAUM change · derived
      • L••• S••••• C••••••• L•• filed its initial SEC registration (Form ADV)
        Mar 28, 2013 · First SEC registration · fact
      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