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.

Former SEC-registered adviser

Bright Owl Investment Advisors

Former SEC-registered adviserKentwood, MichiganCRD 168851SEC 801-78512IAPD
Legal name Kms Investment Services, LLC
Latest filing Mar 23, 2017
First filing on the tape Aug 23, 2013 · 16 filings
RAUM
n/a
reported, Item 5.F
Discretionary
n/a
of RAUM
Private clients
n/a
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
1 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM: $0
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Mar 23, 2017
Mar 27, 20145 then
Employees (5.A)4 as of Mar 23, 2017
Mar 27, 20149 then
Private funds: no history
RAUM n/a over the last fiscal yearIARs 1 to 1
Practice profile
derived from the filing of Mar 23, 2017; 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
unknownderivedRAUM over accounts (5.F.2.f)
Discretionary
unknownderivedof RAUM
Institutional
unknownderivedpensions, 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
unknownderivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
otherreportedItem 5.E
Advisory activities
otherreportedItem 5.G
Ownership
controlled by a public reporting companyderived
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)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
n/areported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
n/areported
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
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • D Brian Yarch · Chief Compliance Officercontrol
    since 12/2014 · owns less than 5%
  • Anthony John Kailunas · Membercontrol
    since 03/2009 · owns 75% or more of Regal Holdings Of America, LLC
  • Marshall Stephen Kerns · Membercontrol
    since 07/2013 · owns 50% to 75% of Sjt Advisors, LLC
Entity owners
  • Regal Holdings Of America, LLC · Member
    direct · owns 25% to 50%
  • Sjt Advisors, LLC · Member
    direct · owns 75% or more
Related persons
Schedule D 7.A
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Advisory employees · 0 to 1
    Sep 24, 2015 to Mar 21, 2016
  • State-registered IARs · 0 to 1
    Sep 24, 2015 to Mar 21, 2016
  • Advisory employees · 5 to 0
    Dec 27, 2014 to Mar 30, 2015
  • BD registered reps · 2 to 0
    Dec 27, 2014 to Mar 30, 2015
  • Employees · 9 to 4
    Dec 27, 2014 to Mar 30, 2015
  • Insurance-licensed employees · 1 to 0
    Dec 27, 2014 to Mar 30, 2015
  • State-registered IARs · 5 to 0
    Dec 27, 2014 to Mar 30, 2015
  • Accounts · 0.0 to unset
    Jun 9, 2014 to Dec 27, 2014
  • Advisory activities · 3 to 1
    Jun 9, 2014 to Dec 27, 2014
  • Financial planning clients · 0 to unset
    Jun 9, 2014 to Dec 27, 2014
  • Discretionary RAUM · 0.0 to unset
    Jun 9, 2014 to Dec 27, 2014
  • Non-discretionary RAUM · 0.0 to unset
    Jun 9, 2014 to Dec 27, 2014
  • RAUM · 0.0 to unset
    Jun 9, 2014 to Dec 27, 2014
  • Advisory employees · 2 to 5
    Mar 18, 2014 to Mar 27, 2014
  • BD registered reps · 1 to 2
    Mar 18, 2014 to Mar 27, 2014
  • Employees · 2 to 9
    Mar 18, 2014 to Mar 27, 2014
  • State-registered IARs · 1 to 5
    Mar 18, 2014 to Mar 27, 2014
Signals
1 dated events
  • Bright Owl Investment Advisors filed its initial SEC registration (Form ADV)
    Aug 23, 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