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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SEC-registered adviser
S••••• C•••• I••••••••• M••••••••• L••
Latest filing Mar 24, 2026
First filing on the tape Jan 23, 2014 · 21 filings
SEC status approved since Mar 9, 2014
RAUM
$1.7B
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
12
12 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
9
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$1.7B as of Mar 24, 2026
Mar 31, 2015$570M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 24, 2026
Mar 31, 20150 then
Employees (5.A)12 as of Mar 24, 2026
Mar 31, 20157 then
Private funds9 as of Mar 24, 2026
Mar 31, 20152 then
RAUM -27% over the last fiscal year-19% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 24, 2026; 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
- $158MderivedRAUM 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
- -27%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 pooled vehicles, portfolio management for investment companiesreportedItem 5.G
- Custody
- $119M, 1 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
- 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)
- an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$1.6B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 11reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $119M for 1 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=0.0derived
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
Private funds
12 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| S••••• C•••• C•• 2•••••• L••• | Securitized Asset Fund | $397M | 2 | Mar 30, 2019 |
| S••••• C•••• C•• 2•••••• L••• | Securitized Asset Fund | $396M | 2 | Mar 26, 2018 |
| S••••• C•••• C•• 2•••••• L••• | Securitized Asset Fund | $394M | 4 | Mar 26, 2018 |
| S••••• C•••• C•• 2•••••• L•• | Securitized Asset Fund | $383M | 2 | Mar 26, 2018 |
| S••••• C•••• C•• 2••••• L•• | Securitized Asset Fund | $374M | 2 | Mar 26, 2018 |
| S••••• C•••• C•• 2•••••• L•• | Securitized Asset Fund | $350M | 3 | Mar 27, 2022 |
| S••••• C•••• C•• 2••••••• L••• | Securitized Asset Fund | $318M | 4 | Jan 23, 2014 |
| S••••• C•••• C•• 2•••••• L••• | Securitized Asset Fund | $279M | 4 | Mar 29, 2016 |
| S••••• C•••• C•• 2••• X•• L•••no longer reported | Securitized Asset Fund | $148M | 1 | Mar 25, 2020 |
| S••••• C•••• L••• F••• I• L• | Private Equity Fund | $126M | 2 | Mar 30, 2019 |
| S••••• C•••• C•• 2•••••• L••• | Securitized Asset Fund | $70,858 | 1 | Mar 21, 2023 |
| S••••• C•••• C•• 2•••••• L••• | Securitized Asset Fund | $0 | 4 | Mar 31, 2015 |
Owners and control persons
Schedule A and B, latest filing
- D••••• G••••• P•••••• · Chief Investment Officercontrolsince 11/2013 · owns less than 5%
- R•••• C••••••••• R•••• · Managing Directorcontrolsince 11/2013 · owns less than 5%
- S•••••••• M••••••• S•••• · Chief Compliance Officercontrolsince 11/2013 · owns less than 5%
- W••••••••• M••• C• · Senior Portfolio M••••••/Chief Operating Officercontrolsince 01/2020 · owns less than 5%
- M•••••• K••••••• D•••• · Membercontrolsince 01/2019 · owns 75% or more of M•• M•••••• L••
- M•••••• K••••••• D•••• · Membercontrolsince 06/2007 · owns 25% to 50% of M••••• A•••• M••••••••• L•
Entity owners
- M••••• S••••• C•••• H••••••• L•• · Sole Memberdirect · owns 75% or more
- M•• M•••••• L•• · General Partnerindirect · owns F of M••••• A•••• M••••••••• L•
- M••••• A•••• M••••••••• L• · Sole Memberindirect · owns 75% or more of M••••• S••••• C•••• Holdings, LLC
Related persons
Schedule D 7.A
- A•••••• C•••••• P••••••• I•• L•••••investment advisernRAUM $528M
- C•••••••• V•••••• P••••••• L••investment advisern
- F••••••• F•••••••• P••••••• L••investment advisernRAUM $4.1B
- M••••• • C•••••• L••broker-dealern
- M••••• A•••• C••••••• P•••••••investment advisernRAUM $288M
- M••••• C•••••• P••••••• L••investment advisernRAUM $147M
- M••••• S••••• C•••• H••••••• L••pooled vehicle sponsory
Advisers that list S••••• C•••• I••••••••• M••••••••• L•• as a related person
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM down 25 %Change between filings · filing Mar 24, 2026RAUM (Item 5.F) moved from $2,366,139,693 to $1,737,996,053 (-27.0%) between the annual amendments of 2025-04-30 and 2026-03-24; the peer median change was +11.0% (1368 comparable advisers, 4.0th percentile of changes)peers: ASSET_M••••••, $1B to $5B (1,368) · 4.0% percentile
What changed
consecutive filings, newest first
- Advisory employees · 14 to 12Apr 30, 2025 to Mar 24, 2026
- Assets in custody · $120M to $119MApr 30, 2025 to Mar 24, 2026
- Employees · 14 to 12Apr 30, 2025 to Mar 24, 2026
- Private funds · 10 to 9Apr 30, 2025 to Mar 24, 2026
- Discretionary RAUM · $2.4B to $1.7BApr 30, 2025 to Mar 24, 2026
- Pooled vehicle RAUM · $2.2B to $1.6BApr 30, 2025 to Mar 24, 2026
- RAUM · $2.4B to $1.7BApr 30, 2025 to Mar 24, 2026
- Assets in custody · $126M to $120MMar 12, 2024 to Apr 30, 2025
- Financial planning clients · unset to Mar 12, 2024 to Apr 30, 2025
- Discretionary RAUM · $3.2B to $2.4BMar 12, 2024 to Apr 30, 2025
- Pooled vehicle RAUM · $3.0B to $2.2BMar 12, 2024 to Apr 30, 2025
- RAUM · $3.2B to $2.4BMar 12, 2024 to Apr 30, 2025
- Accounts · 12 to 11Mar 21, 2023 to Mar 12, 2024
- Pooled vehicle clients · 11 to 10Mar 21, 2023 to Mar 12, 2024
- Assets in custody · $117M to $126MMar 21, 2023 to Mar 12, 2024
- Private funds · 11 to 10Mar 21, 2023 to Mar 12, 2024
- Discretionary RAUM · $3.3B to $3.2BMar 21, 2023 to Mar 12, 2024
- Pooled vehicle RAUM · $3.2B to $3.0BMar 21, 2023 to Mar 12, 2024
- RAUM · $3.3B to $3.2BMar 21, 2023 to Mar 12, 2024
- Accounts · 11 to 12Mar 27, 2022 to Mar 21, 2023
- Advisory employees · 11 to 14Mar 27, 2022 to Mar 21, 2023
- Pooled vehicle clients · 10 to 11Mar 27, 2022 to Mar 21, 2023
- Assets in custody · $119M to $117MMar 27, 2022 to Mar 21, 2023
- Employees · 15 to 14Mar 27, 2022 to Mar 21, 2023
- Private funds · 10 to 11Mar 27, 2022 to Mar 21, 2023
- Discretionary RAUM · $3.4B to $3.3BMar 27, 2022 to Mar 21, 2023
- Pooled vehicle RAUM · $3.3B to $3.2BMar 27, 2022 to Mar 21, 2023
- RAUM · $3.4B to $3.3BMar 27, 2022 to Mar 21, 2023
- Accounts · 10 to 11Mar 23, 2021 to Mar 27, 2022
- Pooled vehicle clients · 9 to 10Mar 23, 2021 to Mar 27, 2022
- Assets in custody · $108M to $119MMar 23, 2021 to Mar 27, 2022
- Private funds · 9 to 10Mar 23, 2021 to Mar 27, 2022
- Discretionary RAUM · $3.2B to $3.4BMar 23, 2021 to Mar 27, 2022
- Pooled vehicle RAUM · $3.2B to $3.3BMar 23, 2021 to Mar 27, 2022
- RAUM · $3.2B to $3.4BMar 23, 2021 to Mar 27, 2022
- Advisory employees · 10 to 11Mar 25, 2020 to Mar 23, 2021
- Advisory activities · 1 to 2Mar 25, 2020 to Mar 23, 2021
- Pooled vehicle clients · 10 to 9Mar 25, 2020 to Mar 23, 2021
- Assets in custody · $103M to $108MMar 25, 2020 to Mar 23, 2021
- Employees · 14 to 15Mar 25, 2020 to Mar 23, 2021
Signals
6 dated events
- S••••• C•••• I••••••••• M••••••••• L•• reported RAUM $1.7B, down 27% from $2.4B (2025-04-30 to 2026-03-24)Mar 24, 2026 · RAUM change · derived
- S••••• C•••• I••••••••• M••••••••• L•• reported RAUM $2.4B, down 25% from $3.2B (2024-03-12 to 2025-04-30)Apr 30, 2025 · RAUM change · derived
- C Max Wagenberg (Senior Portfolio Manager/Chief Operating Officer) appeared on Schedule A of S••••• C•••• I••••••••• M••••••••• L••Mar 27, 2022 · Control person joined · fact
- S••••• C•••• I••••••••• M••••••••• L•• reported RAUM $2.9B, up 73% from $1.7B (2019-01-02 to 2019-03-30)Mar 30, 2019 · RAUM change · derived
- S••••• C•••• I••••••••• M••••••••• L•• reported RAUM $1.7B, up 59% from $1.1B (2017-03-28 to 2018-03-26)Mar 26, 2018 · RAUM change · derived
- S••••• C•••• I••••••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Jan 23, 2014 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- S••••• C•••• I••••••••• M••••••••• L•• · Independent Sponsorsshared crd · capital_provider
- S••••• C•••• I••••••••• M••••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- H••••://WWW.S•••••C••••.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 704-343-6011reportedpublic record, Form ADV, Mar 24, 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
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026