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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
Former SEC-registered adviser
S••••••••• P••••••• L••
Latest filing Jul 12, 2019
First filing on the tape May 2, 2017 · 11 filings
RAUM
$258M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
95%
$245M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$258M as of Mar 13, 2019
Mar 6, 2018$227M then
HNW client RAUM$175M as of Mar 13, 2019
Mar 6, 2018$160M then
State-registered IARs (5.B.3)3 as of Mar 13, 2019
Mar 6, 20184 then
Employees (5.A)6 as of Mar 13, 2019
Mar 6, 20184 then
Private funds: no history
RAUM +13% over the last fiscal yearIARs 4 to 5
Practice profile
derived from the filing of Jul 12, 2019; every figure names its basis
- RAUM per advisor
- $51.6MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 52derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.6MderivedHNW RAUM over HNW clients
- Average account
- $379,282derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 5.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 5.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%derivedbetween the last two annual amendments
- Advisor growth, one year
- -25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +14%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individualsreportedItem 5.G
- Custody
- $8.8M, 10 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$175M68%
- Individuals$70.0M27%
- Charitable organizations$7.8M3.0%
- Pension and profit-sharing plans$5.5M2.1%
- Individual clients
- 191reported
- HNW clients
- 67reported
- Pension plan clients
- 8reported
- Charitable clients
- 6reported
- Accounts
- 680reported
- Financial planning clients
- n/areported
- Wrap fee programs
- noreported
- Custody of client assets
- $8.8M for 10 clientsreported
- Compensation
- % of AUM, fixedreported
- 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
- C••••• S••••••••• D•••••• to D••••• W•••••• L••Nov 1, 2019 · RIA to RIA
- P•••••• G•••• H••• to D••••• W•••••• L••Nov 1, 2019 · RIA to RIA
- P•••• N••••• A••••••• to D••••• W•••••• L••Nov 1, 2019 · RIA to RIA
- D•••• T•••••• to D••••• W•••••• L••Nov 1, 2019 · RIA to RIA
- M••• J••••• S••••••• to C••••• I••••••••• A••••••• L••Oct 9, 2018 · RIA to affiliated broker-dealer or bank
Joined, latest
- D•••• T•••••• from S•••••• F•••••••• G••••• L•••••Apr 16, 2019 · RIA to RIA
- P•••• N••••• A••••••• from R••••• W• B•••• • C•• I•••••••••Mar 12, 2019 · RIA to RIA
- P•••••• G•••• H••• from C••••• A••••••• L••Nov 12, 2014 · Other
- C••••• S••••••••• D•••••• from C••••• A••••••• L••Nov 7, 2014 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 4 left for D••••• W•••••• L••Nov 1, 2019 · Akron, Oh · Firm absorbed
- 2 joined from C••••• A••••••• L••Oct 15, 2018 · Akron, Oh
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- D••••••• C•••••• S••••••••• · Managing Directorcontrolsince 08/2014 · owns less than 5%
- H•••• B•••••• L•••••• · Chief Compliance Officercontrolsince 01/2017 · owns less than 5%
Entity owners
- D••••• W••••• M••••••••• L•• · Managing Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- D••••• W•••••• L••investment adviseryRAUM $6.9B
- G••••• L••••••insurancey
- J••• F• D•••••••y
- K•••••• A••••••••insurancey
- P•••• R•••••••y
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Advisory employees · 2 to 4Mar 13, 2019 to Jul 12, 2019
- Employees · 6 to 5Mar 13, 2019 to Jul 12, 2019
- State-registered IARs · 3 to 5Mar 13, 2019 to Jul 12, 2019
- Related adviser · false to trueMar 13, 2019 to Jul 12, 2019
- Accounts · 614 to 680Dec 19, 2018 to Mar 13, 2019
- Advisory employees · 3 to 2Dec 19, 2018 to Mar 13, 2019
- Charity clients · unset to 6.0Dec 19, 2018 to Mar 13, 2019
- Corporate clients · 3.0 to unsetDec 19, 2018 to Mar 13, 2019
- HNW clients · 58 to 67Dec 19, 2018 to Mar 13, 2019
- Individual clients · 168 to 191Dec 19, 2018 to Mar 13, 2019
- Pension plan clients · 7 to 8Dec 19, 2018 to Mar 13, 2019
- Assets in custody · $1.9M to $8.8MDec 19, 2018 to Mar 13, 2019
- Employees · 4 to 6Dec 19, 2018 to Mar 13, 2019
- State-registered IARs · 4 to 3Dec 19, 2018 to Mar 13, 2019
- Discretionary RAUM · $223M to $255MDec 19, 2018 to Mar 13, 2019
- HNW RAUM · $160M to $175MDec 19, 2018 to Mar 13, 2019
- Individual RAUM · $60.9M to $70.0MDec 19, 2018 to Mar 13, 2019
- Non-discretionary RAUM · $3.9M to $3.2MDec 19, 2018 to Mar 13, 2019
- Pension RAUM · $6.7M to $5.5MDec 19, 2018 to Mar 13, 2019
- RAUM · $227M to $258MDec 19, 2018 to Mar 13, 2019
- Related insurance company · false to trueDec 19, 2018 to Mar 13, 2019
- BD registered reps · 4 to 0Sep 28, 2018 to Oct 19, 2018
- Insurance-licensed employees · 4 to 0Sep 28, 2018 to Oct 19, 2018
- Accounts · 423 to 614Jul 5, 2017 to Mar 6, 2018
- Corporate clients · unset to 3.0Jul 5, 2017 to Mar 6, 2018
- HNW clients · unset to 58.0Jul 5, 2017 to Mar 6, 2018
- Individual clients · unset to 168.0Jul 5, 2017 to Mar 6, 2018
- Pension plan clients · unset to 7.0Jul 5, 2017 to Mar 6, 2018
- Assets in custody · unset to 1940785.0Jul 5, 2017 to Mar 6, 2018
- Custody of client assets · false to trueJul 5, 2017 to Mar 6, 2018
- Other offices · unset to 0.0Jul 5, 2017 to Mar 6, 2018
- Discretionary RAUM · $123M to $223MJul 5, 2017 to Mar 6, 2018
- HNW RAUM · unset to 159827203.0Jul 5, 2017 to Mar 6, 2018
- Individual RAUM · unset to 60867985.0Jul 5, 2017 to Mar 6, 2018
- Non-discretionary RAUM · $3.3M to $3.9MJul 5, 2017 to Mar 6, 2018
- Pension RAUM · unset to 6714663.0Jul 5, 2017 to Mar 6, 2018
- RAUM · $126M to $227MJul 5, 2017 to Mar 6, 2018
- Related insurance company · true to falseJul 5, 2017 to Mar 6, 2018
Signals
4 dated events
- Alan Mark Goldfarb (Senior Managing Director) no longer on Schedule A of S••••••••• P••••••• L•• (listed 2019-03-13, absent 2019-07-12)Jul 12, 2019 · Control person left · inference
- Steven Gary Shamis (Senior Managing Director) no longer on Schedule A of S••••••••• P••••••• L•• (listed 2019-03-13, absent 2019-07-12)Jul 12, 2019 · Control person left · inference
- S••••••••• P••••••• L•• reported RAUM $227.4M, up 80% from $126.3M (2017-07-05 to 2018-03-06)Mar 6, 2018 · RAUM change · derived
- S••••••••• P••••••• L•• filed its initial SEC registration (Form ADV)May 2, 2017 · 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