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

R••••••• C•••••• I••••••••• C•••••••••

Asset manager (funds and pooled vehicles)Carlsbad, CaliforniaCRD 166722SEC 801-78106websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape May 17, 2013 · 29 filings
SEC status approved since Jun 4, 2013
RAUM
$3.7B
reported, Item 5.F
Discretionary
79%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$3.7B
derived; firm RAUM over IAPD count
Employees
4
0 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
14
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$3.7B as of Mar 30, 2026
Mar 31, 2014$340M then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Mar 30, 2026
Mar 31, 20143 then
Employees (5.A)4 as of Mar 30, 2026
Mar 31, 20143 then
Private funds14 as of Mar 30, 2026
Mar 31, 20148 then
RAUM +3.4% over the last fiscal year+1.5% a year over threeIARs 7 to 1
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$3.7BderivedRAUM 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
$106MderivedRAUM over accounts (5.F.2.f)
Discretionary
79%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+3.4%derivedbetween the last two annual amendments
Advisor growth, one year
-86%derivedItem 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
$3.9B, 30 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$3.7B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
35reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$3.9B for 30 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=2.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      35 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S••••• P•••••• R••••••• L•••••• I•• ••••••••• L•Hedge Fund$938M18Mar 25, 2022
      S••••• P•••••• R••••••• L•••••• I• ••••••••• L•Hedge Fund$826M41Mar 27, 2020
      S••••• P•••••• R••••••• S•••••••• A•• R•••••• ••••••••• L•Hedge Fund$666M10Jan 2, 2020
      S••••• P•••••• R••••••• L•••••• ••••••••• L•Hedge Fund$575M19Mar 14, 2017
      S••••• P•••••• R••••••• S•••••••• A•• R•••••• A•••• ••••••••• L•Hedge Fund$323M9Mar 30, 2023
      S••••• P•••••• R••••••• S•••••••• A•• R•••••• ••••••••• L•Other Private Fund$212M2Mar 25, 2022
      S••••• S••••••••• O••••••••• •••• L•Hedge Fund$150M2Dec 14, 2022
      S••••• P•••••• R••••••• L•••••• I• ••••••••• L•Other Private Fund$106M1Mar 25, 2022
      S••••• P•••••• R••••••• S•••••••• A•• R•••••• ••••••••• L•Other Private Fund$83.8M5Mar 25, 2022
      E••••••••• C•••••• P••••••• 2••• L•••••• P•••••••••Hedge Fund$60.7M99Mar 31, 2015
      S••••• P•••••• R••••••• S•••••••• A•• R•••••• ••••••••• L•Other Private Fund$55.4M2Mar 25, 2022
      S••••• P•••••• R••••••• S•••••••• A•• R•••••• A•••• •••••••••Other Private Fund$51.9M2Mar 26, 2024
      S••••• P•••••• R••••••• L•••••• ••• L•no longer reportedHedge Fund$36.1M2Apr 23, 2019
      S••••• R••••••• L•••••• A•• O••••••••• M••••• L•Hedge Fund$32.1M21Mar 30, 2021
      S••••• P•••••• R••••••• L•••••• ••••••••• L•no longer reportedOther Private Fund$25.1M1Mar 14, 2017
      S••••• P•••••• R••••••• L•••••• ••• L•Hedge Fund$24.3M1Mar 29, 2019
      E••••••••• C•••••• P••••••• 2••• L•••••• P•••••••••Hedge Fund$19.5M61Mar 30, 2012
      S••••• P•••••• R••••••• L•••••• ••••••••• L•no longer reportedOther Private Fund$16.2M2Sep 29, 2017
      S••••• R••••• • P•••• O••••••••• I• L•Hedge Fund$13.2M53Sep 29, 2017
      E••••••••• C•••••• P••••••• 2••• L•••••• P•••••••••Hedge Fund$10.5M99May 17, 2013
      M•• T•••••••• R•••••• C•••••••• L•Other Private Fund$9.3M2Mar 25, 2022
      N•••••• R•••••••• I••••• I•••••••• L•••••• P•••••••••Hedge Fund$2.3M99May 6, 2014
      S••••• S••••••••• O••••••••• ••••••••• L•Hedge Fund$1.5M1Dec 14, 2022
      R••••••• I••••• P••••••• L•••••• P•••••••••Hedge Fund$533,04999Nov 21, 2012
      S••••• R••••• • P•••• O••••••••• V•• L•no longer reportedPrivate Equity Fund$500,0001Mar 29, 2018
      E••••••••• C•••••• P••••••• 2••• L•••••• P•••••••••Hedge Fund$482,12899Mar 30, 2012
      E••••••••• C•••••• P••••••• 2••• L•••••• P•••••••••no longer reportedHedge Fund$122,97399Mar 30, 2012
      E••••••••• C•••••• P••••••• 2••• L•••••• P•••••••••no longer reportedHedge Fund$66,72899Mar 30, 2012
      E••••••••• C•••••• P••••••• 1••••• L•••••• P•••••••••Hedge Fund$63,72272Mar 30, 2012
      E••••••••• C•••••• P••••••• 2••• L•••••• P•••••••••no longer reportedPrivate Equity Fund$58798Mar 30, 2012
      S••••• S••••••••• O••••••••• ••••••••• L•Hedge Fund$00Dec 14, 2022
      S••••• N•••••• R••••••• L•••••• F••• 2••• L•••no longer reportedOther Private Fund$00May 10, 2016
      S••••• P•••••• R••••••• L•••••• I• •••• L•no longer reportedOther Private Fund$00Mar 29, 2019
      S••••• P•••••• R••••••• L•••••• I• ••••••••• L•no longer reportedOther Private Fund$00Mar 29, 2019
      S••••• P•••••• R••••••• L•••••• I•• L•no longer reportedOther Private Fund$00Mar 29, 2019
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••• V•••••••• K••• · Treasurer And Directorcontrol
        since 01/2019 · owns less than 5%
      • U•••••• T•••••• W•••• · President, Secretary, Chief Compliance Officer And Directorcontrol
        since 04/2013 · owns less than 5%
      • V••••••••• R•••••• V••••• · Directorcontrol
        since 03/2021 · owns less than 5%
      Entity owners
      • S••••• U••• H••••••• I••• · Owner
        direct · owns 75% or more
      • S••••• I••• · Shareholder
        indirect · owns 75% or more of S••••• U.S. Holdings, Inc.
      Related persons
      Schedule D 7.A
      Advisers that list R••••••• C•••••• I••••••••• C••••••••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • advisor count dropChange between filings · filing Mar 30, 2026
        advisory representatives (Item 5.B.3) moved from 7.0 to 1.0 (-86.0%) between the annual amendments of 2025-02-25 and 2026-03-30; the peer median change was 0.0% (35 comparable advisers, 3.0th percentile of changes)
        peers: asset managers, $1B to $5B (35) · 2.9% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 32 to 35
        Feb 25, 2025 to Mar 30, 2026
      • Advisory employees · 5 to 0
        Feb 25, 2025 to Mar 30, 2026
      • BD registered reps · 8 to 2
        Feb 25, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 32 to 35
        Feb 25, 2025 to Mar 30, 2026
      • Assets in custody · $3.6B to $3.9B
        Feb 25, 2025 to Mar 30, 2026
      • Employees · 9 to 4
        Feb 25, 2025 to Mar 30, 2026
      • State-registered IARs · 7 to 1
        Feb 25, 2025 to Mar 30, 2026
      • Private funds · 17 to 14
        Feb 25, 2025 to Mar 30, 2026
      • Discretionary RAUM · $3.0B to $2.9B
        Feb 25, 2025 to Mar 30, 2026
      • Non-discretionary RAUM · $580M to $769M
        Feb 25, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $3.6B to $3.7B
        Feb 25, 2025 to Mar 30, 2026
      • RAUM · $3.6B to $3.7B
        Feb 25, 2025 to Mar 30, 2026
      • Accounts · 31 to 32
        Mar 26, 2024 to Feb 25, 2025
      • BD registered reps · 6 to 8
        Mar 26, 2024 to Feb 25, 2025
      • Pooled vehicle clients · 31 to 32
        Mar 26, 2024 to Feb 25, 2025
      • Assets in custody · $3.6B to $3.6B
        Mar 26, 2024 to Feb 25, 2025
      • Insurance-licensed employees · 5 to 0
        Mar 26, 2024 to Feb 25, 2025
      • Financial planning clients · 0 to 0
        Mar 26, 2024 to Feb 25, 2025
      • State-registered IARs · 5 to 7
        Mar 26, 2024 to Feb 25, 2025
      • Discretionary RAUM · $3.0B to $3.0B
        Mar 26, 2024 to Feb 25, 2025
      • Non-discretionary RAUM · $519M to $580M
        Mar 26, 2024 to Feb 25, 2025
      • Pooled vehicle RAUM · $3.6B to $3.6B
        Mar 26, 2024 to Feb 25, 2025
      • RAUM · $3.6B to $3.6B
        Mar 26, 2024 to Feb 25, 2025
      • Accounts · 41 to 31
        Mar 31, 2023 to Mar 26, 2024
      • Pooled vehicle clients · 41 to 31
        Mar 31, 2023 to Mar 26, 2024
      • Assets in custody · $2.0B to $3.6B
        Mar 31, 2023 to Mar 26, 2024
      • Private funds · 23 to 17
        Mar 31, 2023 to Mar 26, 2024
      • Discretionary RAUM · $3.1B to $3.0B
        Mar 31, 2023 to Mar 26, 2024
      • Non-discretionary RAUM · $491M to $519M
        Mar 31, 2023 to Mar 26, 2024
      • Pooled vehicle RAUM · $3.5B to $3.6B
        Mar 31, 2023 to Mar 26, 2024
      • RAUM · $3.5B to $3.6B
        Mar 31, 2023 to Mar 26, 2024
      • Accounts · 45 to 41
        Dec 14, 2022 to Mar 30, 2023
      • Pooled vehicle clients · 45 to 41
        Dec 14, 2022 to Mar 30, 2023
      • Private funds · 26 to 23
        Dec 14, 2022 to Mar 30, 2023
      • Discretionary RAUM · $2.5B to $3.1B
        Dec 14, 2022 to Mar 30, 2023
      • Non-discretionary RAUM · $498M to $491M
        Dec 14, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $3.0B to $3.5B
        Dec 14, 2022 to Mar 30, 2023
      • RAUM · $3.0B to $3.5B
        Dec 14, 2022 to Mar 30, 2023
      • Related bank · false to true
        Dec 14, 2022 to Mar 30, 2023
      • Private funds · 23 to 26
        Mar 25, 2022 to Dec 14, 2022
      Signals
      12 dated events
      • Fritz Peter Grosskopf (Director) no longer on Schedule A of R••••••• C•••••• I••••••••• C••••••••• (listed 2022-12-14, absent 2023-03-30)
        Mar 30, 2023 · Control person left · inference
      • R••••••• C•••••• I••••••••• C••••••••• reported RAUM $3.0B, up 48% from $2.0B (2021-11-01 to 2022-03-25)
        Mar 25, 2022 · RAUM change · derived
      • Richards Arthur Rule (President And Director) no longer on Schedule A of R••••••• C•••••• I••••••••• C••••••••• (listed 2020-03-27, absent 2021-03-30)
        Mar 30, 2021 · Control person left · inference
      • Jeffrey Howard (Director) no longer on Schedule A of R••••••• C•••••• I••••••••• C••••••••• (listed 2020-03-27, absent 2021-03-30)
        Mar 30, 2021 · Control person left · inference
      • Anthony John Ciampaglia (Director) no longer on Schedule A of R••••••• C•••••• I••••••••• C••••••••• (listed 2020-03-27, absent 2021-03-30)
        Mar 30, 2021 · Control person left · inference
      • K•••• H•••••• (Director) no longer on Schedule A of R••••••• C•••••• I••••••••• C••••••••• (listed 2020-03-27, absent 2021-03-30)
        Mar 30, 2021 · Control person left · inference
      • Virgil Robert Villaflor (Director) appeared on Schedule A of R••••••• C•••••• I••••••••• C•••••••••
        Mar 30, 2021 · Control person joined · fact
      • R••••••• C•••••• I••••••••• C••••••••• reported RAUM $1.7B, up 47% from $1.1B (2020-01-02 to 2020-03-27)
        Mar 27, 2020 · RAUM change · derived
      • R••••••• C•••••• I••••••••• C••••••••• reported RAUM $1.1B, up 34% from $855.0M (2018-09-24 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      • Kaur Varinder Bhathal (Treasurer) appeared on Schedule A of R••••••• C•••••• I••••••••• C•••••••••
        Mar 29, 2019 · Control person joined · fact
      • Marie Gretchen Carter (Treasurer) no longer on Schedule A of R••••••• C•••••• I••••••••• C••••••••• (listed 2018-09-24, absent 2019-03-29)
        Mar 29, 2019 · Control person left · inference
      • R••••••• C•••••• I••••••••• C••••••••• filed its initial SEC registration (Form ADV)
        May 17, 2013 · 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
      H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      760-444-5254reportedpublic 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
      $3.7Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026