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
M•••••••• W•••••• L••
Latest filing Mar 6, 2024
First filing on the tape Feb 25, 2013 · 32 filings
SEC status approved since Mar 8, 2013
RAUM
$103M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$103M 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
0
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$103M as of Mar 6, 2024
Feb 7, 2014$34.8M then
HNW client RAUM$62.4M as of Mar 6, 2024
Mar 29, 2018$28.1M then
State-registered IARs (5.B.3)1 as of Mar 6, 2024
Feb 7, 20141 then
Employees (5.A)1 as of Mar 6, 2024
Feb 7, 20143 then
Private funds: no history
RAUM +8.2% over the last fiscal year-4.3% a year over threeIARs 3 to 1
Practice profile
derived from the filing of Mar 6, 2024; every figure names its basis
- RAUM per advisor
- $103MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 162derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.3MderivedHNW RAUM over HNW clients
- Average account
- $634,961derivedRAUM 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
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +8.2%derivedbetween the last two annual amendments
- Advisor growth, one year
- -67%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -5.3%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individualsreportedItem 5.G
- Custody
- $103M, 162 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$62.4M61%
- Individuals$40.5M39%
- Individual clients
- 135reported
- HNW clients
- 27reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 162reported
- Financial planning clients
- n/areported
- Wrap fee programs
- noreported
- Custody of client assets
- $103M for 162 clientsreported
- Compensation
- % of AUMreported
- 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
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- K••••• A•••••• V• · Manager/Chief Compliance Officercontrolsince 06/2023 · owns less than 5%
- K••••• A•••••• V• · Managing Membercontrolsince 04/2018 · owns 75% or more of C••• L••
Entity owners
- C••• L•• · Shareholder/Ownerdirect · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Buffalo, Ny · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 171 to 162Aug 29, 2023 to Mar 6, 2024
- HNW clients · 26 to 27Aug 29, 2023 to Mar 6, 2024
- Individual clients · 145 to 135Aug 29, 2023 to Mar 6, 2024
- Assets in custody · unset to 102852371.0Aug 29, 2023 to Mar 6, 2024
- Custody of client assets · false to trueAug 29, 2023 to Mar 6, 2024
- Discretionary RAUM · $95.1M to $103MAug 29, 2023 to Mar 6, 2024
- HNW RAUM · $54.4M to $62.4MAug 29, 2023 to Mar 6, 2024
- Individual RAUM · $40.7M to $40.5MAug 29, 2023 to Mar 6, 2024
- RAUM · $95.1M to $103MAug 29, 2023 to Mar 6, 2024
- Advisory employees · 3 to 1Apr 24, 2023 to Jul 31, 2023
- Advisory activities · 2 to 1Apr 24, 2023 to Jul 31, 2023
- BD registered reps · 0 to 1Apr 24, 2023 to Jul 31, 2023
- Employees · 4 to 1Apr 24, 2023 to Jul 31, 2023
- Insurance-licensed employees · 3 to 1Apr 24, 2023 to Jul 31, 2023
- State-registered IARs · 3 to 1Apr 24, 2023 to Jul 31, 2023
- Related adviser · true to falseApr 24, 2023 to Jul 31, 2023
- HNW clients · 33 to 26Sep 15, 2022 to Feb 27, 2023
- Individual clients · 138 to 145Sep 15, 2022 to Feb 27, 2023
- Insurance-licensed employees · 0 to 3Sep 15, 2022 to Feb 27, 2023
- Discretionary RAUM · $133M to $95.1MSep 15, 2022 to Feb 27, 2023
- HNW RAUM · $82.4M to $54.4MSep 15, 2022 to Feb 27, 2023
- Individual RAUM · $50.1M to $40.7MSep 15, 2022 to Feb 27, 2023
- RAUM · $133M to $95.1MSep 15, 2022 to Feb 27, 2023
- Related adviser · false to trueSep 15, 2022 to Feb 27, 2023
- Business name · M••••••• A••••••• L•• to M•••••••• W•••••• L••Mar 16, 2022 to Sep 15, 2022
- Legal name · M••••••• A••••••• L•• to M•••••••• W•••••• L••Mar 16, 2022 to Sep 15, 2022
- Accounts · 153 to 171Nov 1, 2021 to Mar 16, 2022
- HNW clients · 35 to 33Nov 1, 2021 to Mar 16, 2022
- Individual clients · 107 to 138Nov 1, 2021 to Mar 16, 2022
- Employees · 3 to 4Nov 1, 2021 to Mar 16, 2022
- State-registered IARs · 0 to 3Nov 1, 2021 to Mar 16, 2022
- Discretionary RAUM · $117M to $133MNov 1, 2021 to Mar 16, 2022
- HNW RAUM · $80.8M to $82.4MNov 1, 2021 to Mar 16, 2022
- Individual RAUM · $36.4M to $50.1MNov 1, 2021 to Mar 16, 2022
- RAUM · $117M to $133MNov 1, 2021 to Mar 16, 2022
- Accounts · 131 to 153Jun 24, 2020 to Feb 9, 2021
- Advisory employees · 1 to 3Jun 24, 2020 to Feb 9, 2021
- HNW clients · 25 to 35Jun 24, 2020 to Feb 9, 2021
- Individual clients · 106 to 107Jun 24, 2020 to Feb 9, 2021
- Employees · 6 to 3Jun 24, 2020 to Feb 9, 2021
Signals
7 dated events
- M•••••••• W•••••• L•• no longer on the SEC adviser roster (last listed 2025-01-02, RAUM $102.9M)Feb 3, 2025 · Left the SEC roster · derived
- Austin V Kelly no longer registered at M•••••••• W•••••• L••; no later IA registration on IAPDJan 2, 2025 · Advisor departure · fact
- V Austin Kelly (Manager/Chief Compliance Officer) appeared on Schedule A of M•••••••• W•••••• L••Jul 31, 2023 · Control person joined · fact
- Theodore John Bair (President/Chief Compliance Officer) no longer on Schedule A of M•••••••• W•••••• L•• (listed 2023-04-24, absent 2023-07-31)Jul 31, 2023 · Control person left · inference
- Lynn Amy F•••• (Member) no longer on Schedule A of M•••••••• W•••••• L•• (listed 2023-04-24, absent 2023-07-31)Jul 31, 2023 · Control person left · inference
- Lynn Amy F•••• (Member) appeared on Schedule A of M•••••••• W•••••• L••Feb 27, 2023 · Control person joined · fact
- M••••••• A••••••• L•• filed its initial SEC registration (Form ADV)Feb 25, 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