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

B••••• A•••• M••••••••• I•••

Former SEC-registered adviserMenlo Park, CaliforniaCRD 166828SEC 801-77801IAPD
Latest filing Mar 31, 2025
First filing on the tape Mar 18, 2013 · 31 filings
SEC status approved since Apr 3, 2013
RAUM
$798M
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
5
5 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$798M as of Mar 31, 2025
Mar 4, 2014$109M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2025
Mar 4, 20140 then
Employees (5.A)5 as of Mar 31, 2025
Mar 4, 20145 then
Private funds: no history
RAUM +333% over the last fiscal year-13% a year over threeIARs 0 to 0offices 1 to 2
Practice profile
derived from the filing of Mar 31, 2025; 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
$28.5MderivedRAUM 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
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
+333%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, otherreportedItem 5.E
Advisory activities
portfolio management for businesses and institutionsreportedItem 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Corporations and businesses$798M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
28reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
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
      • N•••••• M••••••• T•••• · President, Managing Director, Member, Board Of Directorscontrol
        since 03/2013 · owns less than 5%
      • S•••••••• J•••• V• · Chief Compliance Officercontrol
        since 04/2024 · owns less than 5%
      • H••••••• H•••• · Member, Board Of Directors
        since 12/2023 · owns less than 5%
      • I••••••• M•••• D•••• · Member, Board Of Directors
        since 03/2024 · owns less than 5%
      Entity owners
      • B••• O• C••••••••• · Owner
        direct · owns 75% or more
      • B••• O• C••••••••• I••• · Owner
        indirect · owns 75% or more of B••• O• C••••••••• · public reporting company
      Related persons
      Schedule D 7.A
      • B••• O• C•••••••••
        y
      Advisers that list B••••• A•••• M••••••••• I••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • San Diego, CA1 employees
      • Woodland Hills, CA1 employees
      What changed
      consecutive filings, newest first
      • Accounts · 16 to 28
        May 6, 2024 to Mar 31, 2025
      • Advisory employees · 4 to 5
        May 6, 2024 to Mar 31, 2025
      • Corporate clients · 15 to 25
        May 6, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        May 6, 2024 to Mar 31, 2025
      • Discretionary RAUM · $184M to $798M
        May 6, 2024 to Mar 31, 2025
      • RAUM · $184M to $798M
        May 6, 2024 to Mar 31, 2025
      • Advisory employees · 3 to 4
        Mar 14, 2024 to May 6, 2024
      • Employees · 4 to 5
        Mar 14, 2024 to May 6, 2024
      • Other offices · 1 to 2
        Mar 14, 2024 to May 6, 2024
      • Accounts · 30 to 16
        Jan 4, 2024 to Mar 14, 2024
      • Advisory employees · 4 to 3
        Jan 4, 2024 to Mar 14, 2024
      • Corporate clients · 27 to 15
        Jan 4, 2024 to Mar 14, 2024
      • Employees · 5 to 4
        Jan 4, 2024 to Mar 14, 2024
      • Discretionary RAUM · $897M to $184M
        Jan 4, 2024 to Mar 14, 2024
      • Non-discretionary RAUM · $11,908 to $0
        Jan 4, 2024 to Mar 14, 2024
      • RAUM · $897M to $184M
        Jan 4, 2024 to Mar 14, 2024
      • Business name · P•••••• W•••••• A•••• M••••••••• to B••••• A•••• M••••••••• I•••
        Jan 4, 2024 to Jan 4, 2024
      • Legal name · P•••••• W•••••• A•••• M••••••••• I••• to B••••• A•••• M••••••••• I•••
        Jan 4, 2024 to Jan 4, 2024
      • HQ city · SAN FRANCISCO to MENLO PARK
        Apr 20, 2023 to Jun 7, 2023
      • Accounts · 24 to 30
        Jul 5, 2022 to Mar 27, 2023
      • Corporate clients · 23 to 27
        Jul 5, 2022 to Mar 27, 2023
      • Other offices · 2 to 1
        Jul 5, 2022 to Mar 27, 2023
      • Discretionary RAUM · $879M to $897M
        Jul 5, 2022 to Mar 27, 2023
      • Non-discretionary RAUM · $321M to $11,908
        Jul 5, 2022 to Mar 27, 2023
      • RAUM · $1.2B to $897M
        Jul 5, 2022 to Mar 27, 2023
      • Accounts · 30 to 24
        Dec 17, 2021 to Mar 8, 2022
      • Corporate clients · 29 to 23
        Dec 17, 2021 to Mar 8, 2022
      • Discretionary RAUM · $973M to $879M
        Dec 17, 2021 to Mar 8, 2022
      • Non-discretionary RAUM · $170M to $321M
        Dec 17, 2021 to Mar 8, 2022
      • RAUM · $1.1B to $1.2B
        Dec 17, 2021 to Mar 8, 2022
      • Advisory employees · 5 to 4
        Mar 29, 2021 to Dec 17, 2021
      • Employees · 6 to 5
        Mar 29, 2021 to Dec 17, 2021
      • Other offices · 1 to 2
        Mar 29, 2021 to Dec 17, 2021
      • Accounts · 39 to 30
        Jul 14, 2020 to Jan 28, 2021
      • Corporate clients · 38 to 29
        Jul 14, 2020 to Jan 28, 2021
      • Discretionary RAUM · $1.2B to $973M
        Jul 14, 2020 to Jan 28, 2021
      • Non-discretionary RAUM · $172,822 to $170M
        Jul 14, 2020 to Jan 28, 2021
      • RAUM · $1.2B to $1.1B
        Jul 14, 2020 to Jan 28, 2021
      • Business name · P•••••• W•••••• A•••• M••••••••• I••• to P•••••• W•••••• A•••• M•••••••••
        Jan 24, 2020 to Jul 14, 2020
      • Accounts · 61 to 39
        May 16, 2019 to Jan 24, 2020
      Signals
      18 dated events
      • B••••• A•••• M••••••••• I••• no longer on the SEC adviser roster (last listed 2025-08-01, RAUM $797.6M)
        Sep 2, 2025 · Left the SEC roster · derived
      • B••••• A•••• M••••••••• I••• reported RAUM $797.6M, up 333% from $184.0M (2024-05-06 to 2025-03-31)
        Mar 31, 2025 · ria raum c••••e · derived
      • V. Jose Sarmenta (Chief Compliance Officer) appeared on Schedule A of B••••• A•••• M••••••••• I•••
        May 6, 2024 · Control person joined · fact
      • James Cole Lohman (Chief Compliance Officer) no longer on Schedule A of B••••• A•••• M••••••••• I••• (listed 2024-03-14, absent 2024-05-06)
        May 6, 2024 · Control person left · inference
      • B••••• A•••• M••••••••• I••• reported RAUM $184.0M, down 79% from $896.7M (2024-01-04 to 2024-03-14)
        Mar 14, 2024 · ria raum c••••e · derived
      • James Cole Lohman (Chief Compliance Officer) appeared on Schedule A of B••••• A•••• M••••••••• I•••
        Jan 4, 2024 · Control person joined · fact
      • Nicole Lisa Lawson (Chief Compliance Officer) no longer on Schedule A of B••••• A•••• M••••••••• I••• (listed 2023-06-07, absent 2024-01-04)
        Jan 4, 2024 · Control person left · inference
      • B••••• A•••• M••••••••• I••• reported RAUM $896.7M, down 25% from $1.2B (2022-07-05 to 2023-03-27)
        Mar 27, 2023 · ria raum c••••e · derived
      • Charles Donald Savino (Chief Compliance Officer) no longer on Schedule A of B••••• A•••• M••••••••• I••• (listed 2022-07-05, absent 2023-03-27)
        Mar 27, 2023 · Control person left · inference
      • Nicole Lisa Lawson (Chief Compliance Officer) appeared on Schedule A of B••••• A•••• M••••••••• I•••
        Mar 27, 2023 · Control person joined · fact
      • Elliott Chang (Chief Compliance Officer) no longer on Schedule A of B••••• A•••• M••••••••• I••• (listed 2021-03-29, absent 2021-12-17)
        Dec 17, 2021 · Control person left · inference
      • Charles Donald Savino (Chief Compliance Officer) appeared on Schedule A of B••••• A•••• M••••••••• I•••
        Dec 17, 2021 · Control person joined · fact
      • Terrence Mark Yung (Member, Board Of Directors) appeared on Schedule A of B••••• A•••• M••••••••• I•••
        Jul 14, 2020 · Control person joined · fact
      • James Cole Lohman (Chief Compliance Officer) no longer on Schedule A of B••••• A•••• M••••••••• I••• (listed 2019-05-16, absent 2020-01-24)
        Jan 24, 2020 · Control person left · inference
      • Elliott Chang (Chief Compliance Officer) appeared on Schedule A of B••••• A•••• M••••••••• I•••
        Jan 24, 2020 · Control person joined · fact
      • Sook Kuan Loh (Vice President) no longer on Schedule A of B••••• A•••• M••••••••• I••• (listed 2018-05-01, absent 2019-02-22)
        Feb 22, 2019 · Control person left · inference
      • B••••• A•••• M••••••••• I••• reported RAUM $1.7B, up 51% from $1.1B (2017-10-30 to 2018-02-20)
        Feb 20, 2018 · ria raum c••••e · derived
      • S••••• 1• A•••• M••••••••• filed its initial SEC registration (Form ADV)
        Mar 18, 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