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
P•••••• M••••••••• A•••••••••
Latest filing Mar 27, 2026
First filing on the tape Dec 15, 2011 · 28 filings
SEC status approved since Nov 4, 1983
RAUM
$1.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
82%
$1.0B individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$246M
derived; firm RAUM over IAPD count
Employees
13
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$1.2B as of Mar 27, 2026
Apr 3, 2012$823M then
HNW client RAUM$971M as of Mar 27, 2026
Mar 29, 2018$839M then
State-registered IARs (5.B.3)4 as of Mar 27, 2026
Apr 3, 20120 then
Employees (5.A)13 as of Mar 27, 2026
Mar 26, 201313 then
Private funds: no history
RAUM +8.0% over the last fiscal year+6.3% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 27, 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
- RAUM per advisor
- $246MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 42derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $6.1MderivedHNW RAUM over HNW clients
- Average account
- $2.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 18%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.6derivedItem 5.A over advisors
- Advisors per office
- 5.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +8.0%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -2.8%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, 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
- has discretionary authority over which securities are bought or sold (8.C.1)
- has custody of client securities (9.A.1.b)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$971M79%
- Charitable organizations$158M13%
- Pension and profit-sharing plans$58.6M4.8%
- Individuals$33.6M2.7%
- Corporations and businesses$7.6M0.6%
- Individual clients
- 52reported
- HNW clients
- 158reported
- Pension plan clients
- 7reported
- Charitable clients
- 14reported
- Accounts
- 601reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.82 fund_share=0.0 institutional_share=0.18 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| E••••• L•••• S•••••• | Philadelphia, Pa | Sep 23, 1991 | 45 y | 0 |
| F••• D••••• S•••••• | Philadelphia, Pa | Oct 30, 2002 | 24 y | 0 |
| R•••••• J•••• T••••••• L•••• | Philadelphia, Pa | Sep 18, 2008 | 30 y | 2 |
| K•••• J• H••••••Certified Financial Planner | Philadelphia, Pa | Oct 10, 2018 | 12 y | 0 |
| D••••• B••••••• B••••••••Chartered Financial Analyst | Philadelphia, Pa | Aug 29, 2019 | 10 y | 0 |
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
- J••• B••••• S•••••••• to W••••• C•••••• A•••••••• L••Nov 9, 2006 · Other
Joined, latest
- R•••••• J•••• T••••••• L•••• from H••••• • C••• L••Sep 18, 2008 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- S••••••• F•••• D••••• · Managing Directorcontrolsince 05/2015 · owns less than 5%
- S••••••• P•••• D•••• · Chief Compliance Officer/General Counselcontrolsince 03/2016 · owns less than 5%
- B••••• L•••••• · Ownercontrolsince 06/2019 · owns 75% or more of B••••• M••••••• E• A••••••••• I••
- K•••••• D••••• B•••• · Ownercontrolsince 09/2016 · owns 75% or more of K••••• H•••••••• I•••
- S••••••• A•••••• E• · Ownercontrolsince 12/2011 · owns 25% to 50% of K••••••• D••••••••• S•••••••• Inc.
- S••••••• F•••• D••••• · Ownercontrolsince 12/2011 · owns 25% to 50% of K••••••• D••••••••• S•••••••• Inc.
- S••••••• P•••• D•••• · Ownercontrolsince 12/2011 · owns 25% to 50% of K••••••• D••••••••• S•••••••• Inc.
- S••••• B•••••• · Ownercontrolsince 12/2011 · owns 25% to 50% of K••••••• D••••••••• S•••••••• I•••
- W•••••••• D••••• B••••••• · Membercontrolsince 12/1997 · owns 50% to 75% of K••••••• P•••••••• L••
Entity owners
- B••••• M••••••• E• A••••••••• I•• · General Partnerdirect · owns 25% to 50%
- K••••••• D••••••••• S•••••••• I••• · General Partnerdirect · owns 25% to 50%
- K••••••• D••••••••• S•••••••• · General Partnerdirect · owns 25% to 50%
- K••••• H•••••••• I••• · Memberindirect · owns 50% to 75% of K••••••• Partners LLC
- K••••••• P•••••••• L•• · Partnerdirect · owns 10% to 25%
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 |
|---|---|---|---|---|---|
| Philadelphia, Pa · principal | 5 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
5 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Mar 27, 2026S••••••• A•••••• E• (OWNER) left Schedule A between the filings of 2019-09-06 and 2026-03-27peers: independent wealth managers, $1B to $5B (1,362)
- control person changedChange between filings · filing Mar 27, 2026B••••• L•••••• (OWNER) left Schedule A between the filings of 2019-09-06 and 2026-03-27peers: independent wealth managers, $1B to $5B (1,362)
- control person changedChange between filings · filing Mar 27, 2026W•••••••• D••••• B••••••• (MEMBER) left Schedule A between the filings of 2019-09-06 and 2026-03-27peers: independent wealth managers, $1B to $5B (1,362)
- control person changedChange between filings · filing Mar 27, 2026K•••••• D••••• B•••• (OWNER) left Schedule A between the filings of 2019-09-06 and 2026-03-27peers: independent wealth managers, $1B to $5B (1,362)
- control person changedChange between filings · filing Mar 27, 2026S••••• B•••••• (OWNER) left Schedule A between the filings of 2019-09-06 and 2026-03-27peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
- Accounts · 616 to 601Mar 27, 2025 to Mar 27, 2026
- HNW clients · 165 to 158Mar 27, 2025 to Mar 27, 2026
- Individual clients · 51 to 52Mar 27, 2025 to Mar 27, 2026
- Pension plan clients · 8 to 7Mar 27, 2025 to Mar 27, 2026
- Assets in custody · $73.7M to $135MMar 27, 2025 to Mar 27, 2026
- Financial planning clients · 11-25 to 26-50Mar 27, 2025 to Mar 27, 2026
- Discretionary RAUM · $1.1B to $1.2BMar 27, 2025 to Mar 27, 2026
- HNW RAUM · $904M to $971MMar 27, 2025 to Mar 27, 2026
- Individual RAUM · $29.8M to $33.6MMar 27, 2025 to Mar 27, 2026
- Pension RAUM · $58.6M to $58.6MMar 27, 2025 to Mar 27, 2026
- RAUM · $1.1B to $1.2BMar 27, 2025 to Mar 27, 2026
- Accounts · 630 to 616Mar 26, 2024 to Mar 27, 2025
- Charity clients · 15 to 14Mar 26, 2024 to Mar 27, 2025
- Corporate clients · 1.0 to unsetMar 26, 2024 to Mar 27, 2025
- HNW clients · 173 to 165Mar 26, 2024 to Mar 27, 2025
- Individual clients · 61 to 51Mar 26, 2024 to Mar 27, 2025
- Pension plan clients · 9 to 8Mar 26, 2024 to Mar 27, 2025
- Assets in custody · $57.3M to $73.7MMar 26, 2024 to Mar 27, 2025
- Financial planning clients · 11-25 to 11-25Mar 26, 2024 to Mar 27, 2025
- Discretionary RAUM · $1.1B to $1.1BMar 26, 2024 to Mar 27, 2025
- HNW RAUM · $836M to $904MMar 26, 2024 to Mar 27, 2025
- Individual RAUM · $26.8M to $29.8MMar 26, 2024 to Mar 27, 2025
- Pension RAUM · $56.7M to $58.6MMar 26, 2024 to Mar 27, 2025
- RAUM · $1.1B to $1.1BMar 26, 2024 to Mar 27, 2025
- Accounts · 621 to 630Mar 29, 2023 to Mar 26, 2024
- HNW clients · 164 to 173Mar 29, 2023 to Mar 26, 2024
- Individual clients · 63 to 61Mar 29, 2023 to Mar 26, 2024
- Assets in custody · $53.0M to $57.3MMar 29, 2023 to Mar 26, 2024
- Discretionary RAUM · $1.0B to $1.1BMar 29, 2023 to Mar 26, 2024
- HNW RAUM · $781M to $836MMar 29, 2023 to Mar 26, 2024
- Individual RAUM · $27.9M to $26.8MMar 29, 2023 to Mar 26, 2024
- Pension RAUM · $55.0M to $56.7MMar 29, 2023 to Mar 26, 2024
- RAUM · $1.0B to $1.1BMar 29, 2023 to Mar 26, 2024
- Accounts · 616 to 621Oct 28, 2022 to Mar 29, 2023
- Charity clients · 18 to 15Oct 28, 2022 to Mar 29, 2023
- HNW clients · 163 to 164Oct 28, 2022 to Mar 29, 2023
- Individual clients · 42 to 63Oct 28, 2022 to Mar 29, 2023
- Pension plan clients · 13 to 9Oct 28, 2022 to Mar 29, 2023
- Assets in custody · $82.0M to $53.0MOct 28, 2022 to Mar 29, 2023
- Discretionary RAUM · $1.2B to $1.0BOct 28, 2022 to Mar 29, 2023
Signals
3 dated events
- Louis Edward Snitzer (Principal) no longer on Schedule A of P•••••• M••••••••• A••••••••• (listed 2019-09-06, absent 2019-09-22)Sep 22, 2019 · Control person left · inference
- L•••••• B•••• (Owner) appeared on Schedule A of P•••••• M••••••••• A•••••••••Sep 6, 2019 · Control person joined · fact
- Edward Marshall B•••• (General Partner) no longer on Schedule A of P•••••• M••••••••• A••••••••• (listed 2018-03-29, absent 2019-03-28)Mar 28, 2019 · Control person left · inference
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 215-994-1062reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 215-994-1064reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/15871482/adminreportedpublic record, Form ADV, Sep 18, 2026
- Website
- P••••••MANAGEMENT.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 215-994-1062reportedpublic record, Form ADV, Mar 27, 2026
- Team page
- p•••••••••.comreportedpublished by the firm, firm site, Sep 15, 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
- $246Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026