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
A•••••••• W••••• M••••••••• L••
Latest filing Jun 8, 2026
First filing on the tape Apr 24, 2020 · 20 filings
SEC status approved since May 26, 2020
RAUM
$291M
reported, Item 5.F
Discretionary
2.4%
of RAUM
Private clients
77%
$225M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$145M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$291M as of Jun 8, 2026
Mar 19, 2021$150M then
HNW client RAUM$224M as of Jun 8, 2026
Mar 19, 2021$125M then
State-registered IARs (5.B.3)3 as of Jun 8, 2026
Mar 19, 20212 then
Employees (5.A)4 as of Jun 8, 2026
Mar 19, 20213 then
Private funds: no history
RAUM +8.8% over the last fiscal year+14% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Jun 8, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $145MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 91derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.3MderivedHNW RAUM over HNW clients
- Average account
- $770,999derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 2.4%derivedof RAUM
- Institutional
- 16%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +8.8%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -66%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- 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)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$224M77%
- Pension and profit-sharing plans$36.3M13%
- Corporations and businesses$19.2M6.6%
- Charitable organizations$10.5M3.6%
- Individuals$242,2440.1%
- Individual clients
- 4reported
- HNW clients
- 177reported
- Pension plan clients
- 20reported
- Charitable clients
- 8reported
- Accounts
- 377reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.77 fund_share=0.0 institutional_share=0.16 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| F•••• S••••• | San Ramon, Ca | Oct 4, 2021 | 14 y | 0 |
| T•••••••• S•••• A•••• | San Ramon, Ca | Sep 10, 2026 | 10 y | 1 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 50% of current headcount1 left over 36 months
Left, latest
- S••••• R••••• to F•••••••Sep 9, 2026 · RIA to RIA
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- S•••••• F•••• · Managing Member/Chief Compliance Officercontrolsince 05/2012 · owns 25% to 50%
- S•••••• S•••• · Ownersince 06/2013 · owns 25% to 50%
Related persons
Schedule D 7.A
- A•••••••• R••• E•••••• L••investment companyy
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| San Ramon, Ca · principal | 2 | 1 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Mar 30, 2026private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $267,046,033 to $290,666,725, advisors 3 to 3, private clients 525 to 181, offices 0 to 0 (2025-03-27 to 2026-03-30)peers: independent wealth managers, $100M to $500M (5,676)
- client count collapseChange between filings · filing Mar 30, 2026individual and HNW clients (Item 5.D) moved from 525.0 to 181.0 (-66.0%) between the annual amendments of 2025-03-27 and 2026-03-30; the peer median change was +3.0% (3309 comparable advisers, 1.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,309) · 0.5% percentile
What changed
consecutive filings, newest first
- Accounts · 548 to 377Mar 27, 2025 to Mar 30, 2026
- Charity clients · 6 to 8Mar 27, 2025 to Mar 30, 2026
- Corporate clients · 1 to 11Mar 27, 2025 to Mar 30, 2026
- HNW clients · 522 to 177Mar 27, 2025 to Mar 30, 2026
- Individual clients · 3 to 4Mar 27, 2025 to Mar 30, 2026
- Pension plan clients · 16 to 20Mar 27, 2025 to Mar 30, 2026
- Financial planning clients · 1-10 to 11-25Mar 27, 2025 to Mar 30, 2026
- Discretionary RAUM · $5.1M to $6.9MMar 27, 2025 to Mar 30, 2026
- HNW RAUM · $210M to $224MMar 27, 2025 to Mar 30, 2026
- Individual RAUM · $198,942 to $242,244Mar 27, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $262M to $284MMar 27, 2025 to Mar 30, 2026
- Pension RAUM · $51.6M to $36.3MMar 27, 2025 to Mar 30, 2026
- RAUM · $267M to $291MMar 27, 2025 to Mar 30, 2026
- Accounts · 427 to 548Nov 1, 2024 to Mar 27, 2025
- Advisory activities · 4 to 5Nov 1, 2024 to Mar 27, 2025
- Corporate clients · 12 to 1Nov 1, 2024 to Mar 27, 2025
- HNW clients · 195 to 522Nov 1, 2024 to Mar 27, 2025
- Individual clients · 0 to 3Nov 1, 2024 to Mar 27, 2025
- Financial planning clients · unset to 1-10Nov 1, 2024 to Mar 27, 2025
- Discretionary RAUM · $3.0M to $5.1MNov 1, 2024 to Mar 27, 2025
- HNW RAUM · $164M to $210MNov 1, 2024 to Mar 27, 2025
- Individual RAUM · $0 to $198,942Nov 1, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $229M to $262MNov 1, 2024 to Mar 27, 2025
- Pension RAUM · $51.8M to $51.6MNov 1, 2024 to Mar 27, 2025
- RAUM · $232M to $267MNov 1, 2024 to Mar 27, 2025
- Accounts · 379 to 427Mar 14, 2023 to Mar 13, 2024
- Corporate clients · 11 to 12Mar 14, 2023 to Mar 13, 2024
- HNW clients · 146 to 195Mar 14, 2023 to Mar 13, 2024
- Individual clients · 2 to 0Mar 14, 2023 to Mar 13, 2024
- Pension plan clients · 17 to 16Mar 14, 2023 to Mar 13, 2024
- Discretionary RAUM · $3.6M to $3.0MMar 14, 2023 to Mar 13, 2024
- HNW RAUM · $136M to $164MMar 14, 2023 to Mar 13, 2024
- Individual RAUM · $217,596 to $0Mar 14, 2023 to Mar 13, 2024
- Non-discretionary RAUM · $194M to $229MMar 14, 2023 to Mar 13, 2024
- Pension RAUM · $43.6M to $51.8MMar 14, 2023 to Mar 13, 2024
- RAUM · $198M to $232MMar 14, 2023 to Mar 13, 2024
- Accounts · 365 to 379Jan 24, 2023 to Mar 14, 2023
- Corporate clients · 8 to 11Jan 24, 2023 to Mar 14, 2023
- HNW clients · 136 to 146Jan 24, 2023 to Mar 14, 2023
- Individual clients · 4 to 2Jan 24, 2023 to Mar 14, 2023
Signals
2 dated events
- S••••• R••••• left A•••••••• W••••• M••••••••• L•• for Fruitful (registered 2025-05-19)Sep 9, 2026 · Advisor changed firm · fact
- A•••••••• W••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Apr 24, 2020 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- A•••••••• W••••• M••••••••• L•• · Private Equityshared crd · intermediary
How to reach
public business contact points only, each with its source
- Firm profile
- H••••://WWW.LINKEDIN.COM/COMPANY/3067017reportedpublic record, Form ADV, Sep 18, 2026
- Website
- H••••://WWW.A•••••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 925-365-1533reportedpublic record, Form ADV, Jun 8, 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $145Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026