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.
SEC-registered adviser
Practicecfo Investments
Wealth manager with institutional or fund businessSan Diego, CaliforniaCRD 167771SEC 801-120024websiteIAPD
Legal name Silver Coast Investments LLC
Latest filing Mar 19, 2026
First filing on the tape Nov 22, 2020 · 16 filings
SEC status approved since Jan 4, 2021
RAUM
$402M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
42%
$169M individuals and HNW
Advisors
11
registered through the firm on IAPD
RAUM per advisor
$36.5M
derived; firm RAUM over IAPD count
Employees
32
12 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$402M as of Mar 19, 2026
Mar 29, 2021$115M then
HNW client RAUM$156M as of Mar 19, 2026
Mar 29, 2021$21.6M then
State-registered IARs (5.B.3)11 as of Mar 19, 2026
Mar 29, 20216 then
Employees (5.A)32 as of Mar 19, 2026
Mar 29, 20216 then
Private funds: no history
RAUM +21% over the last fiscal year+27% a year over threeIARs 9 to 11
Practice profile
derived from the filing of Mar 19, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $36.5MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 19derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.2MderivedHNW RAUM over HNW clients
- Average account
- $372,548derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 58%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.9derivedItem 5.A over advisors
- Advisors per office
- 11.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +21%derivedbetween the last two annual amendments
- Advisor growth, one year
- +22%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -74%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
- Custody
- $78.1M, 131 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$223M56%
- High-net-worth individuals$156M39%
- Individuals$13.3M3.3%
- Charitable organizations$8.8M2.2%
- Individual clients
- 85reported
- HNW clients
- 126reported
- Pension plan clients
- 209reported
- Charitable clients
- n/areported
- Accounts
- 1,078reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $78.1M for 131 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.42 fund_share=0.0 institutional_share=0.58 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
11 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Wesley William ReadCertified Financial Planner | San Diego, Ca | Jun 26, 2013 | 18 y | 2 |
| Paul Joseph Lipcius | San Diego, Ca | Jun 29, 2016 | 10 y | 0 |
| Philip Gregory MaravillaCertified Financial Planner | San Diego, Ca | Jun 30, 2016 | 10 y | 0 |
| Brandon Wesley HobsonChartered Financial Analyst | San Diego, Ca | Nov 9, 2017 | 10 y | 0 |
| Drew Parson Phillips | San Diego, Ca | Jul 26, 2018 | 10 y | 0 |
| Justin David Read | San Diego, Ca | Oct 16, 2020 | 17 y | 0 |
| Randy Lundy | Seattle, Wa | Dec 8, 2023 | 12 y | 2 |
| Andrew Northcutt | San Diego, Ca | May 13, 2024 | 13 y | 0 |
| Cameron Foster Smith | San Diego, Ca | Nov 19, 2025 | 11 y | 0 |
| Jonathan Steven Potter | San Diego, Ca | Dec 16, 2025 | 10 y | 0 |
| Caleb James Rich | Swansboro, Nc | Apr 21, 2026 | 12 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
- Katherine Nicole Phillips to EllevestJun 8, 2023 · RIA to RIA
Joined, latest
- Randy Lundy from Hightower Advisors, LLCDec 8, 2023 · Affiliated broker-dealer or bank to independent RIA
- Katherine Nicole Phillips from Investment Advisor GroupJun 22, 2022 · RIA to RIA
- Wesley William Read from Practice Financial Group, LLCJun 26, 2013 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- William Wesley Read · Presidentcontrolsince 01/2011 · owns less than 5%
- William Wesley Read · Mangaing Membercontrolsince 01/2018 · owns 50% to 75% of Practicecfo Llp
- Wesley Brandon Hobson · Ccosince 03/2022 · owns less than 5%
Entity owners
- Practicecfo Llp · Ownerdirect · owns 75% or more
Related persons
Schedule D 7.A
- Practicecfoinsurancey
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| San Diego, Ca · principal | 11 | 3 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
5 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Mar 19, 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 $332,054,543 to $401,606,316, advisors 9 to 11, private clients 801 to 211, offices 0 to 0 (2025-03-06 to 2026-03-19)peers: independent wealth managers, $100M to $500M (5,676)
- high institutional concentrationStatic outlier · filing Mar 19, 2026institutional share of RAUM of 58% against a peer median of 0% (5676 comparable advisers, 99.0th percentile, 19.4 robust deviations)peers: independent wealth managers, $100M to $500M (5,676) · 99% percentile
- account count surgeChange between filings · filing Mar 19, 2026accounts (Item 5.F.2.f) moved from 429.0 to 1,078.0 (+151.0%) between the annual amendments of 2025-03-06 and 2026-03-19; the peer median change was +5.0% (3687 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,687) · 99% percentile
- client count collapseChange between filings · filing Mar 19, 2026individual and HNW clients (Item 5.D) moved from 801.0 to 211.0 (-74.0%) between the annual amendments of 2025-03-06 and 2026-03-19; the peer median change was +3.0% (3309 comparable advisers, 0.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,309) · 0.3% percentile
- custody status changedChange between filings · filing Mar 19, 2026custody of client assets (Item 9.A): no on the filing of 2025-08-27, yes on the filing of 2026-03-19peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 429 to 1,078Aug 27, 2025 to Mar 19, 2026
- Advisory employees · 9 to 12Aug 27, 2025 to Mar 19, 2026
- Charity clients · 7.0 to unsetAug 27, 2025 to Mar 19, 2026
- HNW clients · 247 to 126Aug 27, 2025 to Mar 19, 2026
- Individual clients · 554 to 85Aug 27, 2025 to Mar 19, 2026
- Pension plan clients · 244 to 209Aug 27, 2025 to Mar 19, 2026
- Assets in custody · unset to 78089139.0Aug 27, 2025 to Mar 19, 2026
- Custody of client assets · false to trueAug 27, 2025 to Mar 19, 2026
- Employees · 35 to 32Aug 27, 2025 to Mar 19, 2026
- State-registered IARs · 9 to 11Aug 27, 2025 to Mar 19, 2026
- Discretionary RAUM · $332M to $402MAug 27, 2025 to Mar 19, 2026
- HNW RAUM · $120M to $156MAug 27, 2025 to Mar 19, 2026
- Individual RAUM · $29.8M to $13.3MAug 27, 2025 to Mar 19, 2026
- Non-discretionary RAUM · $472,681 to $0Aug 27, 2025 to Mar 19, 2026
- Pension RAUM · $174M to $223MAug 27, 2025 to Mar 19, 2026
- RAUM · $332M to $402MAug 27, 2025 to Mar 19, 2026
- Financial planning clients · 251-500 to 251-500Mar 6, 2025 to May 6, 2025
- Accounts · 1,046 to 429Jan 30, 2025 to Mar 6, 2025
- Charity clients · unset to 7.0Jan 30, 2025 to Mar 6, 2025
- HNW clients · 59 to 247Jan 30, 2025 to Mar 6, 2025
- Individual clients · 143 to 554Jan 30, 2025 to Mar 6, 2025
- Pension plan clients · 200 to 244Jan 30, 2025 to Mar 6, 2025
- Employees · 9 to 35Jan 30, 2025 to Mar 6, 2025
- Discretionary RAUM · $395M to $332MJan 30, 2025 to Mar 6, 2025
- HNW RAUM · $111M to $120MJan 30, 2025 to Mar 6, 2025
- Individual RAUM · $25.6M to $29.8MJan 30, 2025 to Mar 6, 2025
- Non-discretionary RAUM · $0 to $472,681Jan 30, 2025 to Mar 6, 2025
- Pension RAUM · $250M to $174MJan 30, 2025 to Mar 6, 2025
- RAUM · $395M to $332MJan 30, 2025 to Mar 6, 2025
- Accounts · 1,016 to 1,046Mar 18, 2024 to Apr 29, 2024
- HNW clients · 27 to 59Mar 18, 2024 to Apr 29, 2024
- Individual clients · 590 to 143Mar 18, 2024 to Apr 29, 2024
- Pension plan clients · 198 to 200Mar 18, 2024 to Apr 29, 2024
- Financial planning clients · 101-250 to 251-500Mar 18, 2024 to Apr 29, 2024
- Discretionary RAUM · $262M to $395MMar 18, 2024 to Apr 29, 2024
- HNW RAUM · $108M to $111MMar 18, 2024 to Apr 29, 2024
- Individual RAUM · $63.6M to $25.6MMar 18, 2024 to Apr 29, 2024
- Non-discretionary RAUM · $49,982 to $0Mar 18, 2024 to Apr 29, 2024
- Pension RAUM · $82.6M to $250MMar 18, 2024 to Apr 29, 2024
- RAUM · $262M to $395MMar 18, 2024 to Apr 29, 2024
Signals
3 dated events
- Practicecfo Investments reported RAUM $394.9M, up 51% from $262.2M (2024-03-18 to 2024-04-29)Apr 29, 2024 · RAUM change · derived
- Katherine Nicole Phillips left Practicecfo Investments for Ellevest (registered 2023-06-23)Jun 8, 2023 · Advisor changed firm · fact
- Practicecfo Investments filed its initial SEC registration (Form ADV)Nov 22, 2020 · 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.
How to reach
public business contact points only, each with its source
- Business email
- info@practicecfo.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 800-675-2712reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/practicecforeportedpublic record, Form ADV, Sep 18, 2026
- Website
- practicecfo.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 800-675-2712reportedpublic record, Form ADV, Mar 19, 2026
- Contact form
- practicecfo.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- practicecfo.com/cfo-team/team-altareportedpublished 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $36.5Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026