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

L••••••• A•••• M••••••••• L••

Former SEC-registered adviserNew York, New YorkCRD 168186SEC 801-78221IAPD
Legal name L••••••• I••••••••• M••••••••• L••
Latest filing Jan 6, 2021
First filing on the tape Jun 12, 2013 · 23 filings
RAUM
$990M
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
26
16 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$990M as of Jan 30, 2020
Mar 31, 2014$226M then
HNW client RAUM: $122,928
State-registered IARs (5.B.3)0 as of Jan 30, 2020
Mar 31, 20140 then
Employees (5.A)26 as of Jan 30, 2020
Mar 31, 201410 then
Private funds5 as of Jan 30, 2020
Mar 31, 20143 then
RAUM -58% over the last fiscal year+0.6% a year over threeIARs 0 to 0offices 3 to 0
Practice profile
derived from the filing of Jan 6, 2021; 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
$198MderivedRAUM 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
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-58%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, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
Custody
$906M, 3 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client securities (9.B.1.b)
  • a related person acts as qualified custodian (9.D.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$906M92%
  • Corporations and businesses$83.9M8.5%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
5reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$906M for 3 clientsreported
Compensation
% of AUM, performancereported
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
      Every departureEvery arrival
      Private funds
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      T••••••• P••••••• L••no longer reportedHedge Fund$789M31Mar 31, 2014
      T•••••• S••••••••• M•••• M••••• F••• L•••no longer reportedHedge Fund$429M14Mar 31, 2018
      Owners and control persons
      Schedule A and B, latest filing
      • D••••••••• N••••••• · Co-Presidentcontrol
        since 01/2020 · owns less than 5%
      • K••••• S••••••• J•••••• · Co-Presidentcontrol
        since 01/2020 · owns less than 5%
      • S••••• M••••••• B••••••• · Chief Operating Officercontrol
        since 01/2017 · owns less than 5%
      • S•••••• L••••• A• · Chief Compliance Officer
        since 10/2015 · owns less than 5%
      Entity owners
      • L•• H•••••• L•• · Member
        direct · owns 75% or more
      • J•••••••• F•••••••• G•••• I••• · Member
        indirect · owns 75% or more of L•• H•••••• L•• · public reporting company
      Related persons
      Schedule D 7.A
      Advisers that list L••••••• A•••• M••••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Legal name · L••••••• A•••• M••••••••• L•• to L••••••• I••••••••• M••••••••• L••
        Jan 4, 2021 to Jan 6, 2021
      • Other offices · 2 to 0
        Jun 2, 2020 to Jan 4, 2021
      • Private funds · 3 to unset
        Jun 2, 2020 to Jan 4, 2021
      • Other offices · 3 to 2
        Jan 30, 2020 to Jun 2, 2020
      • Private funds · 5 to 3
        Jan 30, 2020 to Jun 2, 2020
      • Accounts · 11 to 5
        Jul 8, 2019 to Jan 30, 2020
      • Advisory employees · 17 to 16
        Jul 8, 2019 to Jan 30, 2020
      • BD registered reps · 9 to 6
        Jul 8, 2019 to Jan 30, 2020
      • Corporate clients · 3 to 2
        Jul 8, 2019 to Jan 30, 2020
      • Pooled vehicle clients · 8 to 3
        Jul 8, 2019 to Jan 30, 2020
      • Assets in custody · $2.0B to $906M
        Jul 8, 2019 to Jan 30, 2020
      • Employees · 30 to 26
        Jul 8, 2019 to Jan 30, 2020
      • Private funds · 6 to 5
        Jul 8, 2019 to Jan 30, 2020
      • Discretionary RAUM · $2.4B to $990M
        Jul 8, 2019 to Jan 30, 2020
      • Pooled vehicle RAUM · $2.0B to $906M
        Jul 8, 2019 to Jan 30, 2020
      • RAUM · $2.4B to $990M
        Jul 8, 2019 to Jan 30, 2020
      • Accounts · 10 to 11
        Jan 4, 2019 to Feb 28, 2019
      • Advisory employees · 13 to 17
        Jan 4, 2019 to Feb 28, 2019
      • Advisory activities · 2 to 3
        Jan 4, 2019 to Feb 28, 2019
      • BD registered reps · 5 to 9
        Jan 4, 2019 to Feb 28, 2019
      • Corporate clients · 2 to 3
        Jan 4, 2019 to Feb 28, 2019
      • Pooled vehicle clients · 7 to 8
        Jan 4, 2019 to Feb 28, 2019
      • Assets in custody · $1.5B to $2.0B
        Jan 4, 2019 to Feb 28, 2019
      • Employees · 24 to 30
        Jan 4, 2019 to Feb 28, 2019
      • Other offices · 2 to 3
        Jan 4, 2019 to Feb 28, 2019
      • Discretionary RAUM · $1.6B to $2.4B
        Jan 4, 2019 to Feb 28, 2019
      • HNW RAUM · 122928.0 to unset
        Jan 4, 2019 to Feb 28, 2019
      • Pooled vehicle RAUM · $1.5B to $2.0B
        Jan 4, 2019 to Feb 28, 2019
      • RAUM · $1.6B to $2.4B
        Jan 4, 2019 to Feb 28, 2019
      • BD registered reps · 6 to 5
        Mar 31, 2017 to Mar 31, 2018
      • Corporate clients · unset to 2.0
        Mar 31, 2017 to Mar 31, 2018
      • Pooled vehicle clients · unset to 7.0
        Mar 31, 2017 to Mar 31, 2018
      • Assets in custody · $765M to $1.5B
        Mar 31, 2017 to Mar 31, 2018
      • Employees · 21 to 24
        Mar 31, 2017 to Mar 31, 2018
      • Other offices · unset to 2.0
        Mar 31, 2017 to Mar 31, 2018
      • Private funds · 4 to 6
        Mar 31, 2017 to Mar 31, 2018
      • Discretionary RAUM · $973M to $1.6B
        Mar 31, 2017 to Mar 31, 2018
      • HNW RAUM · unset to 122928.0
        Mar 31, 2017 to Mar 31, 2018
      • Pooled vehicle RAUM · unset to 1526493807.0
        Mar 31, 2017 to Mar 31, 2018
      • RAUM · $973M to $1.6B
        Mar 31, 2017 to Mar 31, 2018
      Signals
      14 dated events
      • Charles Travis Taylor (Managing Director/Co-Head Of The Topwater Division Of Lam) no longer on Schedule A of L••••••• A•••• M••••••••• L•• (listed 2020-06-02, absent 2021-01-04)
        Jan 4, 2021 · Control person left · inference
      • Dennis Bryan Borgia (Managing Director/Co-Head Of The Topwater Division Of Lam) no longer on Schedule A of L••••••• A•••• M••••••••• L•• (listed 2020-06-02, absent 2021-01-04)
        Jan 4, 2021 · Control person left · inference
      • Scott Brian Wargon (Head Of Keystone Division) no longer on Schedule A of L••••••• A•••• M••••••••• L•• (listed 2020-06-02, absent 2021-01-04)
        Jan 4, 2021 · Control person left · inference
      • S•••• S••••• (Head Of Kathmandu Division) no longer on Schedule A of L••••••• A•••• M••••••••• L•• (listed 2020-01-30, absent 2020-06-02)
        Jun 2, 2020 · Control person left · inference
      • L••••••• A•••• M••••••••• L•• reported RAUM $989.7M, down 58% from $2.4B (2019-07-08 to 2020-01-30)
        Jan 30, 2020 · RAUM change · derived
      • Michael Zemach Sternberg (Head Of Lake Hill Division Of Lam) no longer on Schedule A of L••••••• A•••• M••••••••• L•• (listed 2019-07-08, absent 2020-01-30)
        Jan 30, 2020 · Control person left · inference
      • Jamshid Solomon Kumin (Co-President) appeared on Schedule A of L••••••• A•••• M••••••••• L••
        Jan 30, 2020 · Control person joined · fact
      • A Miguel Bilbao (Co-Head -Of Tenacis Capital Division Of Lam) no longer on Schedule A of L••••••• A•••• M••••••••• L•• (listed 2019-03-11, absent 2019-07-08)
        Jul 8, 2019 · Control person left · inference
      • Y Sergei Nodelman (Co-Head Of Tenacis Capital Division Of Lam) no longer on Schedule A of L••••••• A•••• M••••••••• L•• (listed 2019-03-11, absent 2019-07-08)
        Jul 8, 2019 · Control person left · inference
      • L••••••• A•••• M••••••••• L•• reported RAUM $2.4B, up 44% from $1.6B (2019-01-04 to 2019-02-28)
        Feb 28, 2019 · RAUM change · derived
      • S•••• S••••• (Head Of Kathmandu Division) appeared on Schedule A of L••••••• A•••• M••••••••• L••
        Feb 28, 2019 · Control person joined · fact
      • Scott Brian Wargon (Head Of Keystone Division) appeared on Schedule A of L••••••• A•••• M••••••••• L••
        Feb 28, 2019 · Control person joined · fact
      • L••••••• A•••• M••••••••• L•• reported RAUM $1.6B, up 69% from $972.6M (2017-03-31 to 2018-03-31)
        Mar 31, 2018 · RAUM change · derived
      • L••••••• A•••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Jun 12, 2013 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      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