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
S•• M••••••••• L•
Latest filing Mar 28, 2025
First filing on the tape Mar 9, 2022 · 7 filings
SEC status approved since Apr 8, 2022
RAUM
$232M
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
4
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$232M as of Mar 28, 2025
Mar 28, 2023$141M then
HNW client RAUM$0 as of Mar 28, 2025
Mar 28, 2023$0 then
State-registered IARs (5.B.3)1 as of Mar 28, 2025
Mar 28, 20231 then
Employees (5.A)4 as of Mar 28, 2025
Mar 28, 20235 then
Private funds: no history
RAUM +2.2% over the last fiscal yearIARs 1 to 1
Practice profile
derived from the filing of Mar 28, 2025; every figure names its basis
- RAUM per advisor
- $232MderivedRAUM 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
- $116MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%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
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +2.2%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 investment companies, selection of other advisers, educational seminarsreportedItem 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
- has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$232M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 2reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- 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
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 days1 left over 36 months
Left, latest
- T••••• L••••••• C••••••• to S•• A••••••• I••Feb 4, 2026 · Other
- J••••• V•• L••••••• to G•• S••••••••• I•••Oct 13, 2021 · Other
- J••••• V•• L••••••• to F••••••• P••• I••••••••• L••Jan 9, 2017 · Other
Joined, latest
- J••••• V•• L••••••• from F••••••• P••• I••••••••• L••May 1, 2018 · Other
- J••••• V•• L••••••• from J•• P•• A•• A••••••••• I•••Apr 14, 2016 · Other
- T••••• L••••••• C••••••• from T••••••••• F•••••••• A•••••••• L••Jan 12, 2015 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- C•••••••• T•••••• L• · Co-Ceocontrolsince 08/2014 · owns less than 5%
- M••••••• J•••••••• S••••• · Co-Ceocontrolsince 02/2022 · owns less than 5%
- C•••••••• T•••••• L• · Managing Membercontrolsince 02/2022 · owns 50% to 75% of S•• G•• L••
- C•••••••• T•••••• L• · Sole Shareholdercontrolsince 02/2022 · owns 75% or more of T••• M••••••••• I•••
- M••••••• J•••••••• S••••• · Managing Membercontrolsince 02/2022 · owns 50% to 75% of S•• G•• L••
- M••••••• J•••••••• S••••• · Sole Shareholdercontrolsince 02/2022 · owns 75% or more of S•••••• F•••• I•••
- C•••••••• T•••••• N••••••• · Chief Compliance Officersince 03/2022 · owns less than 5%
Entity owners
- S•••••• F•••• I••• · Limited Partnerdirect · owns 25% to 50%
- S•• G•• L•• · General Partnerdirect · owns less than 5%
- T••• M••••••••• I••• · Limited Partnerdirect · owns 25% to 50%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Frisco, Tx · principal | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Financial planning clients · unset to Mar 29, 2024 to Mar 28, 2025
- Discretionary RAUM · $227M to $232MMar 29, 2024 to Mar 28, 2025
- RAUM · $227M to $232MMar 29, 2024 to Mar 28, 2025
- Employees · 5 to 4Mar 28, 2023 to Mar 29, 2024
- Discretionary RAUM · $141M to $227MMar 28, 2023 to Mar 29, 2024
- RAUM · $141M to $227MMar 28, 2023 to Mar 29, 2024
- Accounts · 0 to 2May 3, 2022 to Mar 28, 2023
- Advisory employees · 3 to 4May 3, 2022 to Mar 28, 2023
- Employees · 3 to 5May 3, 2022 to Mar 28, 2023
- State-registered IARs · 2 to 1May 3, 2022 to Mar 28, 2023
- Discretionary RAUM · $0 to $141MMay 3, 2022 to Mar 28, 2023
- RAUM · $0 to $141MMay 3, 2022 to Mar 28, 2023
- Business name · S•• M••••••••• L•• to S•• M••••••••• L•Mar 28, 2022 to May 3, 2022
- Legal name · S•• M••••••••• L•• to S•• M••••••••• L•Mar 28, 2022 to May 3, 2022
- Succession · true to falseMar 28, 2022 to May 3, 2022
- Advisory employees · 1 to 3Mar 10, 2022 to Mar 28, 2022
- Employees · 1 to 3Mar 10, 2022 to Mar 28, 2022
- State-registered IARs · 1 to 2Mar 10, 2022 to Mar 28, 2022
- Organization form · Limited Liability Company to Limited PartnershipMar 10, 2022 to Mar 28, 2022
- Succession · false to trueMar 10, 2022 to Mar 28, 2022
Signals
5 dated events
- S•• M••••••••• L• no longer on the SEC adviser roster (last listed 2026-03-02, RAUM $232.4M)Apr 1, 2026 · Left the SEC roster · derived
- T••••• L••••••• C••••••• left S•• M••••••••• L• for S•• A••••••• I•• (registered 2026-04-01)Feb 4, 2026 · Advisor changed firm · fact
- S•• M••••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)Mar 28, 2022 · Succession (Item 4) · fact
- Steven Jonathan Molchan (Sole Shareholder) appeared on Schedule A of S•• M••••••••• L•Mar 28, 2022 · Control person joined · fact
- S•• M••••••••• L•• filed its initial SEC registration (Form ADV)Mar 9, 2022 · 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