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
L• A•••• M••••••••• L••
Latest filing Aug 12, 2026
First filing on the tape Dec 17, 2015 · 22 filings
SEC status approved since Jan 12, 2016
RAUM
$1.3B
reported, Item 5.F
Discretionary
66%
of RAUM
Private clients
32%
$413M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$635M
derived; firm RAUM over IAPD count
Employees
8
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
2
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$1.3B as of Aug 12, 2026
Mar 28, 2017$114M then
HNW client RAUM$413M as of Aug 12, 2026
Mar 30, 2022$8.8M then
State-registered IARs (5.B.3)2 as of Aug 12, 2026
Mar 28, 20171 then
Employees (5.A)8 as of Aug 12, 2026
Mar 28, 20175 then
Private funds2 as of Aug 12, 2026
Mar 28, 20172 then
RAUM +55% over the last fiscal year+57% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Aug 12, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- RAUM per advisor
- $635MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.2MderivedHNW RAUM over HNW clients
- Average account
- $10.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 66%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +55%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 assets, performance-basedreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for pooled vehicles, portfolio management for investment companies, otherreportedItem 5.G
- Custody
- $389M, 66 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 cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$573M45%
- High-net-worth individuals$413M33%
- Pooled investment vehicles$233M18%
- Other investment advisers$44.0M3.5%
- Individual clients
- n/areported
- HNW clients
- 79reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 124reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $389M for 66 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.32 fund_share=0.67 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M•••••• J••••• M•••••• | Wayland, Ma | May 2, 2016 | 15 y | 1 |
| L•••• A•••••• M•••Certified Financial Planner | Grand Rapids, Mi | Dec 2, 2024 | 10 y | 1 |
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 headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- L•••• A•••••• M••• from V•••••• A•••• M••••••••• G••••Dec 2, 2024 · Other
- M•••••• J••••• M•••••• from B•••• K•••••• G••••• L••May 2, 2016 · Other
Private funds
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| L• S••••• E••••••• R••••• F•••• L••• | Hedge Fund | $74.6M | 14 | Dec 17, 2015 |
| L• S••••• F•••• L••• | Hedge Fund | $66.5M | 27 | Feb 13, 2015 |
Owners and control persons
Schedule A and B, latest filing
- A•••••• A•••••• T•••• · General Counselcontrolsince 08/2018 · owns less than 5%
- B••••••• S•••••• · Portfolio Managercontrolsince 01/2014 · owns 25% to 50%
- M••••••• M••••••• J••••• · Managing Member, Portfolio Managercontrolsince 01/2014 · owns 25% to 50%
- C••••••• G•••••• · Chief Compliance Officersince 05/2020 · owns less than 5%
- D•••••• J•••• T•••• · Chief Operating Officersince 02/2022 · owns 5% to 10%
- P•••••••• N•••••• H••••• · Portfolio Manager, Programmersince 01/2014 · owns 10% to 25%
Related persons
Schedule D 7.A
- K•••••• C•••••• R••••••• L••investment advisern
- L• S••••• G•• L••bankpooled vehicle sponsory
Advisers that list L• A•••• M••••••••• L•• as a related person
- 304509 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Wayland, Ma | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Waltham, MA
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Aug 12, 2026M••••••• M••••••• J••••• (MANAGING MEMBER, PORTFOLIO MANAGER) left Schedule A between the filings of 2022-03-30 and 2026-08-12peers: independent wealth managers, $1B to $5B (1,362)
- control person changedChange between filings · filing Aug 12, 2026B••••••• S•••••• (PORTFOLIO MANAGER) left Schedule A between the filings of 2022-03-30 and 2026-08-12peers: independent wealth managers, $1B to $5B (1,362)
- RAUM up 50 %Change between filings · filing Mar 6, 2026RAUM (Item 5.F) moved from $819,575,386 to $1,270,837,759 (+55.0%) between the annual amendments of 2025-03-27 and 2026-03-06; the peer median change was +17.0% (1298 comparable advisers, 94.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,298) · 94% percentile
What changed
consecutive filings, newest first
- Employees · 7 to 8Mar 6, 2026 to Aug 12, 2026
- Accounts · 41 to 124Mar 27, 2025 to Mar 6, 2026
- Advisory employees · 5 to 4Mar 27, 2025 to Mar 6, 2026
- HNW clients · 19 to 79Mar 27, 2025 to Mar 6, 2026
- Assets in custody · $111M to $389MMar 27, 2025 to Mar 6, 2026
- Financial planning clients · 1-10 to 51-100Mar 27, 2025 to Mar 6, 2026
- Discretionary RAUM · $609M to $838MMar 27, 2025 to Mar 6, 2026
- HNW RAUM · $189M to $413MMar 27, 2025 to Mar 6, 2026
- Non-discretionary RAUM · $211M to $433MMar 27, 2025 to Mar 6, 2026
- Pooled vehicle RAUM · $199M to $233MMar 27, 2025 to Mar 6, 2026
- RAUM · $820M to $1.3BMar 27, 2025 to Mar 6, 2026
- Accounts · 20 to 41Mar 26, 2024 to Mar 27, 2025
- Advisory employees · 4 to 5Mar 26, 2024 to Mar 27, 2025
- Advisory activities · 4 to 5Mar 26, 2024 to Mar 27, 2025
- HNW clients · 9 to 19Mar 26, 2024 to Mar 27, 2025
- Assets in custody · $82.9M to $111MMar 26, 2024 to Mar 27, 2025
- Employees · 6 to 7Mar 26, 2024 to Mar 27, 2025
- Financial planning clients · unset to 1-10Mar 26, 2024 to Mar 27, 2025
- HQ city · unset to Mar 26, 2024 to Mar 27, 2025
- HQ state · unset to Mar 26, 2024 to Mar 27, 2025
- State-registered IARs · 1 to 2Mar 26, 2024 to Mar 27, 2025
- Discretionary RAUM · $473M to $609MMar 26, 2024 to Mar 27, 2025
- HNW RAUM · $9.1M to $189MMar 26, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $0 to $211MMar 26, 2024 to Mar 27, 2025
- Pooled vehicle RAUM · $172M to $199MMar 26, 2024 to Mar 27, 2025
- RAUM · $473M to $820MMar 26, 2024 to Mar 27, 2025
- Accounts · 21 to 20Mar 30, 2023 to Mar 26, 2024
- Advisory employees · 3 to 4Mar 30, 2023 to Mar 26, 2024
- Pooled vehicle clients · 4 to 3Mar 30, 2023 to Mar 26, 2024
- Assets in custody · $62.4M to $82.9MMar 30, 2023 to Mar 26, 2024
- Employees · 7 to 6Mar 30, 2023 to Mar 26, 2024
- Discretionary RAUM · $327M to $473MMar 30, 2023 to Mar 26, 2024
- HNW RAUM · $8.7M to $9.1MMar 30, 2023 to Mar 26, 2024
- Pooled vehicle RAUM · $141M to $172MMar 30, 2023 to Mar 26, 2024
- RAUM · $327M to $473MMar 30, 2023 to Mar 26, 2024
- Accounts · 16 to 21Nov 10, 2022 to Mar 30, 2023
- Assets in custody · $60.4M to $62.4MNov 10, 2022 to Mar 30, 2023
- Discretionary RAUM · $276M to $327MNov 10, 2022 to Mar 30, 2023
- HNW RAUM · $8.8M to $8.7MNov 10, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $135M to $141MNov 10, 2022 to Mar 30, 2023
Signals
5 dated events
- L• A•••• M••••••••• L•• reported RAUM $1.3B, up 55% from $819.6M (2025-03-27 to 2026-03-06)Mar 6, 2026 · RAUM change · derived
- L• A•••• M••••••••• L•• reported RAUM $819.6M, up 73% from $473.3M (2024-03-26 to 2025-03-27)Mar 27, 2025 · RAUM change · derived
- L• A•••• M••••••••• L•• reported RAUM $473.3M, up 45% from $326.5M (2023-03-30 to 2024-03-26)Mar 26, 2024 · RAUM change · derived
- Lee Jennifer Sheldon (Chief Compliance Officer) no longer on Schedule A of L• A•••• M••••••••• L•• (listed 2020-03-27, absent 2020-06-11)Jun 11, 2020 · Control person left · inference
- L• A•••• M••••••••• L•• filed its initial SEC registration (Form ADV)Dec 17, 2015 · 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.
How to reach
public business contact points only, each with its source
- Business email
- info@l2asset.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 555-123-4567reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 508-358-4301reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- l2asset.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 5083507150reportedpublic record, Form ADV, Aug 12, 2026
- Contact form
- l2asset.com/contactreportedpublished by the firm, firm site, Sep 16, 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $635Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026