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

M•••••• T••••• F••••••••

Former SEC-registered adviserSan Diego, CaliforniaCRD 173836SEC 801-123021websiteIAPD
Legal name S••••••• S•••• F••••••••• I•••
Latest filing Feb 27, 2024
First filing on the tape Dec 10, 2021 · 7 filings
SEC status approved since Jan 10, 2022
RAUM
$168M
reported, Item 5.F
Discretionary
89%
of RAUM
Private clients
83%
$139M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$168M as of Feb 27, 2024
Mar 29, 2022$121M then
HNW client RAUM$70.1M as of Feb 27, 2024
Mar 29, 2022$47.8M then
State-registered IARs (5.B.3)6 as of Feb 27, 2024
Mar 29, 20226 then
Employees (5.A)6 as of Feb 27, 2024
Mar 29, 20226 then
Private funds: no history
RAUM +29% over the last fiscal yearIARs 6 to 6
Practice profile
derived from the filing of Feb 27, 2024; every figure names its basis
RAUM per advisor
$28.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
53derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.5MderivedHNW RAUM over HNW clients
Average account
$170,534derivedRAUM over accounts (5.F.2.f)
Discretionary
89%derivedof RAUM
Institutional
14%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
3.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+29%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-0.6%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 5.G
Custody
$129M, 323 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$70.1M42%
  • Individuals$69.3M41%
  • Pension and profit-sharing plans$24.2M14%
  • Corporations and businesses$4.4M2.6%
Individual clients
269reported
HNW clients
48reported
Pension plan clients
30reported
Charitable clients
n/areported
Accounts
985reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$129M for 323 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
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • K••••• B••••••• W••• · Chief Operations Officercontrol
      since 07/2015 · owns less than 5%
    • K••••• K••••••• N••••• · Principal, Chief Compliance Officercontrol
      since 10/2014 · owns 75% or more
    Related persons
    Schedule D 7.A
    • J••• K••••
      investment companyn
    • L•••• K•••••••••
      n
    • S••••• F• B••••
      n
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Bigfork, Mt000
    Carlsbad, Ca000
    San Diego, Ca · principal000
    Offices
    Schedule D 1.F, the 25 largest
    • , 2 employees
    What changed
    consecutive filings, newest first
    • Accounts · 348 to 985
      Nov 8, 2023 to Feb 27, 2024
    • HNW clients · 43 to 48
      Nov 8, 2023 to Feb 27, 2024
    • Individual clients · 276 to 269
      Nov 8, 2023 to Feb 27, 2024
    • Pension plan clients · 25 to 30
      Nov 8, 2023 to Feb 27, 2024
    • Assets in custody · $99.1M to $129M
      Nov 8, 2023 to Feb 27, 2024
    • Financial planning clients · 11-25 to 1-10
      Nov 8, 2023 to Feb 27, 2024
    • Discretionary RAUM · $119M to $150M
      Nov 8, 2023 to Feb 27, 2024
    • HNW RAUM · $53.1M to $70.1M
      Nov 8, 2023 to Feb 27, 2024
    • Individual RAUM · $52.9M to $69.3M
      Nov 8, 2023 to Feb 27, 2024
    • Non-discretionary RAUM · $11.1M to $17.7M
      Nov 8, 2023 to Feb 27, 2024
    • Pension RAUM · $13.4M to $24.2M
      Nov 8, 2023 to Feb 27, 2024
    • RAUM · $131M to $168M
      Nov 8, 2023 to Feb 27, 2024
    • Accounts · 316 to 348
      Oct 18, 2022 to Feb 16, 2023
    • HNW clients · 34 to 43
      Oct 18, 2022 to Feb 16, 2023
    • Individual clients · 257 to 276
      Oct 18, 2022 to Feb 16, 2023
    • Pension plan clients · 22 to 25
      Oct 18, 2022 to Feb 16, 2023
    • Assets in custody · $94.0M to $99.1M
      Oct 18, 2022 to Feb 16, 2023
    • Financial planning clients · 1-10 to 11-25
      Oct 18, 2022 to Feb 16, 2023
    • Discretionary RAUM · $109M to $119M
      Oct 18, 2022 to Feb 16, 2023
    • HNW RAUM · $47.8M to $53.1M
      Oct 18, 2022 to Feb 16, 2023
    • Individual RAUM · $54.6M to $52.9M
      Oct 18, 2022 to Feb 16, 2023
    • Non-discretionary RAUM · $11.7M to $11.1M
      Oct 18, 2022 to Feb 16, 2023
    • Pension RAUM · $14.0M to $13.4M
      Oct 18, 2022 to Feb 16, 2023
    • RAUM · $121M to $131M
      Oct 18, 2022 to Feb 16, 2023
    • Advisory employees · 6 to 4
      Mar 29, 2022 to Oct 18, 2022
    • Advisory activities · 3 to 2
      Mar 29, 2022 to Oct 18, 2022
    • Accounts · 326 to 316
      Dec 10, 2021 to Mar 29, 2022
    • HNW clients · 26 to 34
      Dec 10, 2021 to Mar 29, 2022
    • Individual clients · 277 to 257
      Dec 10, 2021 to Mar 29, 2022
    • Pension plan clients · 20 to 22
      Dec 10, 2021 to Mar 29, 2022
    • Assets in custody · $78.5M to $94.0M
      Dec 10, 2021 to Mar 29, 2022
    • Discretionary RAUM · $107M to $109M
      Dec 10, 2021 to Mar 29, 2022
    • HNW RAUM · $44.3M to $47.8M
      Dec 10, 2021 to Mar 29, 2022
    • Individual RAUM · $57.1M to $54.6M
      Dec 10, 2021 to Mar 29, 2022
    • Non-discretionary RAUM · $11.8M to $11.7M
      Dec 10, 2021 to Mar 29, 2022
    • Pension RAUM · $14.6M to $14.0M
      Dec 10, 2021 to Mar 29, 2022
    • RAUM · $119M to $121M
      Dec 10, 2021 to Mar 29, 2022
    Signals
    10 dated events
    • 2 advisors left M•••••• T••••• F•••••••• (Bigfork, MT) for N•••••• A••••••• on the same day
      Feb 18, 2025 · Team lift-out · derived
    • B•••••• W••• K•••• left M•••••• T••••• F•••••••• for N•••••• A••••••• (registered 2025-01-29)
      Feb 18, 2025 · Advisor changed firm · fact
    • K•••••• N••••• K•••• left M•••••• T••••• F•••••••• for N•••••• A••••••• (registered 2025-01-29)
      Feb 18, 2025 · Advisor changed firm · fact
    • M•••••• T••••• F•••••••• no longer on the SEC adviser roster (last listed 2025-01-02, RAUM $168.0M)
      Feb 3, 2025 · Left the SEC roster · derived
    • J••• M• K•••• left M•••••• T••••• F•••••••• for N•••••• A••••••• (registered 2025-03-04)
      Jan 31, 2025 · Advisor changed firm · fact
    • M•••••• T••••• F••••••••'s advisors moved to N•••••• A••••••• (San Diego, CA): 4 of 6 registered, on the same day
      Jan 31, 2025 · Firm absorbed (people side) · derived
    • S••••• F••••• B•••• left M•••••• T••••• F•••••••• for N•••••• A••••••• (registered 2025-03-18)
      Jan 31, 2025 · Advisor changed firm · fact
    • B•••• E••••• P••••••• left M•••••• T••••• F•••••••• for N•••••• A••••••• (registered 2025-01-31)
      Jan 31, 2025 · Advisor changed firm · fact
    • L•••• K••••••••• left M•••••• T••••• F•••••••• for N•••••• A••••••• (registered 2025-05-22)
      Jan 31, 2025 · Advisor changed firm · fact
    • M•••••• T••••• F•••••••• filed its initial SEC registration (Form ADV)
      Dec 10, 2021 · 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