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
Liquid Strategies, LLC
Latest filing Mar 23, 2026
First filing on the tape Feb 11, 2014 · 23 filings
SEC status approved since Feb 24, 2014
RAUM
$1.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$723M
derived; firm RAUM over IAPD count
Employees
13
5 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
2
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$1.4B as of Mar 23, 2026
Mar 27, 2015$106M then
HNW client RAUM$5.0M as of Mar 17, 2023
Mar 3, 2022$5.0M then
State-registered IARs (5.B.3)2 as of Mar 23, 2026
Mar 27, 20152 then
Employees (5.A)13 as of Mar 23, 2026
Mar 27, 20158 then
Private funds2 as of Mar 23, 2026
Mar 29, 20241 then
RAUM +52% over the last fiscal year+31% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 23, 2026; every figure names its basis
- RAUM per advisor
- $723MderivedRAUM 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
- $65.7MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 6.5derivedItem 5.A over advisors
- Advisors per office
- 0.7derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +52%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for investment companies, otherreportedItem 5.G
- Custody
- $73.2M, 2 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
- Investment companies$1.1B80%
- Other investment advisers$202M15%
- Pooled investment vehicles$73.2M5.4%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 22reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $73.2M for 2 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.0 fund_share=0.93 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Clayton Shawn Gibson | Atlanta, Ga | Mar 2, 2017 | 30 y | 6 |
| Parimal H Patel | Atlanta, Ga | Jul 10, 2024 | 22 y | 2 |
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 headcount3 left over 36 months
Left, latest
- Seth J Wernick to Curi Capital, LLCJun 27, 2025 · Other
- Dominic Dimaccio to Bison Wealth, LLCFeb 5, 2025 · Other
- Justin Caldwell Boller to Bison Wealth, LLCJan 6, 2025 · Other
Joined, latest
- Parimal H Patel from Voya Investment Management Co. LLCJul 10, 2024 · Other
- Seth J Wernick from E*Trade Capital Management, LLCMay 9, 2024 · Other
- Justin Caldwell Boller from Advocacy Wealth Management, LLCOct 2, 2019 · Other
- Clayton Shawn Gibson from Persimmon Capital Management LPOct 28, 2014 · Other
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Teton Private Income Fund, LP | Other Private Fund | $7.9M | 10 | Mar 29, 2024 |
Owners and control persons
Schedule A and B, latest filing
- Bradley George Ball · Managing Member/Ceocontrolsince 12/2013 · owns 25% to 50%
- Shawn Clayton Gibson · Member, Ciocontrolsince 12/2013 · owns 10% to 25%
- H Parimal Patel · Chief Compliance Officercontrolsince 05/2024 · owns less than 5%
- Clement Adam Stewart · Membercontrolsince 12/2013 · owns 5% to 10%
- Caldwell Justin Boller · Membersince 07/2019 · owns less than 5%
- Francis Peter Welch · Controllersince 09/2016 · owns less than 5%
- S Kim Pegula · Membersince 12/2021 · owns 50% to 75% of East Asset Management
- M Terrence Pegula · Membersince 12/2021 · owns 50% to 75% of East Asset Management
Entity owners
- East Asset Management · Memberdirect · owns 10% to 25%
Related persons
Schedule D 7.A
- Bison Wealth, LLCinvestment advisernRAUM $2.7B
- Bison Wealth, LLCinvestment advisernRAUM $1.6B
Advisers that list Liquid Strategies, LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Atlanta, Ga · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
What changed
consecutive filings, newest first
- Accounts · 24 to 22Mar 24, 2025 to Mar 23, 2026
- Advisory employees · 4 to 5Mar 24, 2025 to Mar 23, 2026
- BD registered reps · 2 to 0Mar 24, 2025 to Mar 23, 2026
- Pooled vehicle clients · 1 to 2Mar 24, 2025 to Mar 23, 2026
- Assets in custody · $13.5M to $73.2MMar 24, 2025 to Mar 23, 2026
- Employees · 11 to 13Mar 24, 2025 to Mar 23, 2026
- Private funds · 1 to 2Mar 24, 2025 to Mar 23, 2026
- Discretionary RAUM · $950M to $1.4BMar 24, 2025 to Mar 23, 2026
- Pooled vehicle RAUM · $13.5M to $73.2MMar 24, 2025 to Mar 23, 2026
- RAUM · $950M to $1.4BMar 24, 2025 to Mar 23, 2026
- Accounts · 14 to 24Jan 8, 2025 to Mar 24, 2025
- BD registered reps · 1 to 2Jan 8, 2025 to Mar 24, 2025
- Assets in custody · $7.9M to $13.5MJan 8, 2025 to Mar 24, 2025
- Employees · 15 to 11Jan 8, 2025 to Mar 24, 2025
- Financial planning clients · 0 to 0Jan 8, 2025 to Mar 24, 2025
- Other offices · 3 to 2Jan 8, 2025 to Mar 24, 2025
- Discretionary RAUM · $523M to $950MJan 8, 2025 to Mar 24, 2025
- Pooled vehicle RAUM · $7.9M to $13.5MJan 8, 2025 to Mar 24, 2025
- RAUM · $523M to $950MJan 8, 2025 to Mar 24, 2025
- Accounts · 12 to 14Mar 17, 2023 to Mar 29, 2024
- BD registered reps · 2 to 1Mar 17, 2023 to Mar 29, 2024
- HNW clients · 1.0 to unsetMar 17, 2023 to Mar 29, 2024
- Pooled vehicle clients · unset to 1.0Mar 17, 2023 to Mar 29, 2024
- Assets in custody · unset to 7946620.0Mar 17, 2023 to Mar 29, 2024
- Custody of client assets · false to trueMar 17, 2023 to Mar 29, 2024
- Employees · 10 to 15Mar 17, 2023 to Mar 29, 2024
- Other offices · 2 to 3Mar 17, 2023 to Mar 29, 2024
- Private funds · unset to 1Mar 17, 2023 to Mar 29, 2024
- Discretionary RAUM · $637M to $523MMar 17, 2023 to Mar 29, 2024
- HNW RAUM · 5000000.0 to unsetMar 17, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · unset to 7946620.0Mar 17, 2023 to Mar 29, 2024
- RAUM · $637M to $523MMar 17, 2023 to Mar 29, 2024
- Accounts · 14 to 12Nov 18, 2022 to Mar 17, 2023
- BD registered reps · 3 to 2Nov 18, 2022 to Mar 17, 2023
- HNW clients · unset to 1.0Nov 18, 2022 to Mar 17, 2023
- Assets in custody · 0.0 to unsetNov 18, 2022 to Mar 17, 2023
- Employees · 9 to 10Nov 18, 2022 to Mar 17, 2023
- Other offices · 1 to 2Nov 18, 2022 to Mar 17, 2023
- Discretionary RAUM · $589M to $637MNov 18, 2022 to Mar 17, 2023
- RAUM · $589M to $637MNov 18, 2022 to Mar 17, 2023
Signals
11 dated events
- Liquid Strategies, Llc reported RAUM $1.4B, up 52% from $950.4M (2025-03-24 to 2026-03-23)Mar 23, 2026 · RAUM change · derived
- Seth J Wernick left Liquid Strategies, Llc for Curi Capital, Llc (registered 2026-05-19)Jun 27, 2025 · Advisor changed firm · fact
- Liquid Strategies, Llc reported RAUM $950.4M, up 82% from $522.7M (2025-01-08 to 2025-03-24)Mar 24, 2025 · RAUM change · derived
- Dominic Dimaccio left Liquid Strategies, Llc for Bison Wealth, Llc (registered 2025-02-07)Feb 5, 2025 · Advisor changed firm · fact
- Justin Caldwell Boller left Liquid Strategies, Llc for Bison Wealth, Llc (registered 2025-01-15)Jan 6, 2025 · Advisor changed firm · fact
- H Parimal Patel (Chief Compliance Officer) appeared on Schedule A of Liquid Strategies, LlcMay 3, 2024 · Control person joined · fact
- Liquid Strategies, Llc reported RAUM $589.0M, up 28% from $458.8M (2021-08-09 to 2022-03-03)Mar 3, 2022 · RAUM change · derived
- Shawn Clayton Gibson (Member, Cio) appeared on Schedule A of Liquid Strategies, LlcDec 20, 2019 · Control person joined · fact
- C Shawn Gibson (Member, Cio) no longer on Schedule A of Liquid Strategies, Llc (listed 2019-03-14, absent 2019-12-20)Dec 20, 2019 · Control person left · inference
- Liquid Strategies, Llc reported RAUM $458.5M, up 207% from $149.3M (2017-02-23 to 2018-03-29)Mar 29, 2018 · RAUM change · derived
- Liquid Strategies, Llc filed its initial SEC registration (Form ADV)Feb 11, 2014 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Liquid Strategies, LLC · Family Officesshared crd · office
How to reach
public business contact points only, each with its source
- Firm profile
- LINKEDIN.COM/COMPANY/LIQUID-STRATEGIES-LLCreportedpublic record, Form ADV, Sep 17, 2026
- Website
- LSFUNDS.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 800-970-2725reportedpublic record, Form ADV, Mar 23, 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
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $723Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026