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•••••••• W••••• A•••••••• L••

Former SEC-registered adviserNew York, New YorkCRD 169612SEC 801-78930IAPD
Latest filing Feb 14, 2017
First filing on the tape Dec 5, 2013 · 20 filings
RAUM
$45.3M
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
2
2 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$45.3M as of Feb 14, 2017
Mar 21, 2014$0 then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Feb 14, 2017
Mar 21, 20140 then
Employees (5.A)2 as of Feb 14, 2017
Mar 21, 20149 then
Private funds: no history
RAUM -95% over the last fiscal yearIARs 0 to 1
Practice profile
derived from the filing of Feb 14, 2017; every figure names its basis
RAUM per advisor
$45.3MderivedRAUM 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
$492,886derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-95%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, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
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
92reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
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
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • L••••••••• A•••••••• · Ceocontrol
      since 06/2016 · owns less than 5%
    • S•••••••• M•••••• · Ccocontrol
      since 03/2016 · owns less than 5%
    Entity owners
    • L•••••••• H••••••• L•• · Managing Member
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    Advisers that list L•••••••• W••••• A•••••••• L•• as a related person
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 1,092 to 92
      Nov 4, 2016 to Feb 14, 2017
    • Advisory employees · 12 to 2
      Nov 4, 2016 to Feb 14, 2017
    • Advisory activities · 5 to 4
      Nov 4, 2016 to Feb 14, 2017
    • BD registered reps · 10 to 0
      Nov 4, 2016 to Feb 14, 2017
    • Employees · 14 to 2
      Nov 4, 2016 to Feb 14, 2017
    • State-registered IARs · 0 to 1
      Nov 4, 2016 to Feb 14, 2017
    • Discretionary RAUM · $741M to $45.3M
      Nov 4, 2016 to Feb 14, 2017
    • Non-discretionary RAUM · $200M to $0
      Nov 4, 2016 to Feb 14, 2017
    • RAUM · $941M to $45.3M
      Nov 4, 2016 to Feb 14, 2017
    • Advisory employees · 17 to 12
      Apr 4, 2016 to Jun 2, 2016
    • BD registered reps · 16 to 10
      Apr 4, 2016 to Jun 2, 2016
    • Employees · 22 to 14
      Apr 4, 2016 to Jun 2, 2016
    • Employees · 21 to 22
      Oct 27, 2015 to Mar 9, 2016
    • Discretionary RAUM · $708M to $741M
      Oct 27, 2015 to Mar 9, 2016
    • Non-discretionary RAUM · $205M to $200M
      Oct 27, 2015 to Mar 9, 2016
    • RAUM · $914M to $941M
      Oct 27, 2015 to Mar 9, 2016
    • Accounts · 617 to 1,092
      Mar 31, 2015 to Sep 22, 2015
    • Advisory employees · 11 to 17
      Mar 31, 2015 to Sep 22, 2015
    • BD registered reps · 14 to 16
      Mar 31, 2015 to Sep 22, 2015
    • Employees · 18 to 21
      Mar 31, 2015 to Sep 22, 2015
    • Discretionary RAUM · $176M to $708M
      Mar 31, 2015 to Sep 22, 2015
    • Non-discretionary RAUM · $170M to $205M
      Mar 31, 2015 to Sep 22, 2015
    • RAUM · $346M to $914M
      Mar 31, 2015 to Sep 22, 2015
    • Accounts · 0 to 617
      Jan 16, 2015 to Mar 31, 2015
    • Financial planning clients · 0 to 1-10
      Jan 16, 2015 to Mar 31, 2015
    • Discretionary RAUM · $0 to $176M
      Jan 16, 2015 to Mar 31, 2015
    • Non-discretionary RAUM · $0 to $170M
      Jan 16, 2015 to Mar 31, 2015
    • RAUM · $0 to $346M
      Jan 16, 2015 to Mar 31, 2015
    • Advisory employees · 9 to 11
      Jan 16, 2015 to Jan 16, 2015
    • BD registered reps · 12 to 14
      Jan 16, 2015 to Jan 16, 2015
    • Employees · 16 to 18
      Jan 16, 2015 to Jan 16, 2015
    • Advisory employees · 6 to 9
      Apr 30, 2014 to Sep 15, 2014
    • Employees · 12 to 16
      Apr 30, 2014 to Sep 15, 2014
    • Advisory employees · 2 to 6
      Mar 26, 2014 to Apr 30, 2014
    • BD registered reps · 5 to 12
      Mar 26, 2014 to Apr 30, 2014
    • Employees · 9 to 12
      Mar 26, 2014 to Apr 30, 2014
    • Legal name · FERN ADVISORS, LLC to LEBENTHAL WEALTH ADVISORS, LLC
      Mar 21, 2014 to Mar 26, 2014
    • Business name · FERN ADVISORS, LLC to LEBENTHAL WEALTH ADVISORS, LLC
      Mar 21, 2014 to Mar 26, 2014
    • Accounts · unset to 0.0
      Dec 5, 2013 to Mar 21, 2014
    • Advisory employees · 0 to 2
      Dec 5, 2013 to Mar 21, 2014
    Signals
    1 dated events
    • Fern Advisors, Llc filed its initial SEC registration (Form ADV)
      Dec 5, 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