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
D•• S•••••••• L•
Latest filing Mar 12, 2026
First filing on the tape Jul 3, 2015 · 18 filings
SEC status approved since Jul 13, 2015
RAUM
$944M
reported, Item 5.F
Discretionary
76%
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
6
5 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
1
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$944M as of Mar 12, 2026
Mar 29, 2016$123M then
HNW client RAUM$0 as of Mar 12, 2026
Mar 29, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 12, 2026
Mar 29, 20160 then
Employees (5.A)6 as of Mar 12, 2026
Mar 29, 20165 then
Private funds1 as of Mar 12, 2026
Mar 29, 20161 then
RAUM +13% over the last fiscal year+2.8% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 12, 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
- $236MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 76%derivedof RAUM
- Institutional
- 18%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%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 assetsreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $548M, 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
- 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$770M82%
- Charitable organizations$174M18%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- n/areported
- Accounts
- 4reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $548M for 1 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.0 fund_share=0.82 institutional_share=0.18 related_bd=false related_bank=false 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
4 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| D•• E••••••• U••• E••••• F••• L•• | Other Private Fund | $519M | 21 | Jul 3, 2015 |
| D•• F••••••• F••• L••no longer reported | Other Private Fund | $33.3M | 2 | Mar 29, 2019 |
| D•• D•••••• F••• L••no longer reported | Hedge Fund | $23.1M | 3 | Mar 17, 2021 |
| D•• M••••••••• F••• L••no longer reported | Hedge Fund | $473,532 | 5 | Mar 27, 2017 |
Owners and control persons
Schedule A and B, latest filing
- B•••••••• L••••• M••••• · Chief Operating Officer, G•••••• Counsel & Chief Compliance Officercontrolsince 04/2015 · owns less than 5%
- H•••••• J•••••••• D••• · President & Chief Investment Officercontrolsince 11/2014 · owns less than 5%
- H•••••• J•••••••• D••• · Sole Membercontrolsince 11/2014 · owns 75% or more of D•• S•••••••• L••
- H•••••• J•••••••• D••• · L•••••• Partnercontrolsince 01/2024 · owns 50% to 75% of D•• L•••••• P•••••• L•
Entity owners
- D•• G•••••• P•••••• L•• · G•••••• Partnerdirect · owns less than 5%
- D•• L•••••• P•••••• L• · L•••••• Partnerdirect · owns 75% or more
- D•• L•••••• P•••••• L• · Sole Memberindirect · owns 75% or more of D•• G•••••• P•••••• L••
- D•• S•••••••• L•• · G•••••• Partnerindirect · owns F of D•• L•••••• P•••••• L•
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
- West Palm Beach, FL1 employees
What changed
consecutive filings, newest first
- Assets in custody · $495M to $548MMar 21, 2025 to Mar 12, 2026
- Discretionary RAUM · $644M to $722MMar 21, 2025 to Mar 12, 2026
- Non-discretionary RAUM · $195M to $222MMar 21, 2025 to Mar 12, 2026
- Pooled vehicle RAUM · $690M to $770MMar 21, 2025 to Mar 12, 2026
- RAUM · $839M to $944MMar 21, 2025 to Mar 12, 2026
- Assets in custody · $519M to $495MMar 12, 2024 to Mar 21, 2025
- Employees · 7 to 6Mar 12, 2024 to Mar 21, 2025
- Financial planning clients · unset to Mar 12, 2024 to Mar 21, 2025
- Discretionary RAUM · $660M to $644MMar 12, 2024 to Mar 21, 2025
- Non-discretionary RAUM · $122M to $195MMar 12, 2024 to Mar 21, 2025
- Pooled vehicle RAUM · $641M to $690MMar 12, 2024 to Mar 21, 2025
- RAUM · $782M to $839MMar 12, 2024 to Mar 21, 2025
- Assets in custody · $626M to $519MJan 17, 2024 to Mar 12, 2024
- Employees · 8 to 7Jan 17, 2024 to Mar 12, 2024
- Discretionary RAUM · $767M to $660MJan 17, 2024 to Mar 12, 2024
- Non-discretionary RAUM · $103M to $122MJan 17, 2024 to Mar 12, 2024
- Pooled vehicle RAUM · $730M to $641MJan 17, 2024 to Mar 12, 2024
- RAUM · $871M to $782MJan 17, 2024 to Mar 12, 2024
- Other offices · 0 to 1Mar 24, 2023 to Jan 17, 2024
- Accounts · 5 to 4Mar 21, 2022 to Mar 24, 2023
- Advisory employees · 7 to 5Mar 21, 2022 to Mar 24, 2023
- Pooled vehicle clients · 3 to 2Mar 21, 2022 to Mar 24, 2023
- Assets in custody · $896M to $626MMar 21, 2022 to Mar 24, 2023
- Employees · 11 to 8Mar 21, 2022 to Mar 24, 2023
- Private funds · 2 to 1Mar 21, 2022 to Mar 24, 2023
- Discretionary RAUM · $1.1B to $767MMar 21, 2022 to Mar 24, 2023
- Non-discretionary RAUM · $116M to $103MMar 21, 2022 to Mar 24, 2023
- Pooled vehicle RAUM · $1.0B to $730MMar 21, 2022 to Mar 24, 2023
- RAUM · $1.2B to $871MMar 21, 2022 to Mar 24, 2023
- Accounts · 6 to 5Mar 17, 2021 to Mar 21, 2022
- Pooled vehicle clients · 4 to 3Mar 17, 2021 to Mar 21, 2022
- Assets in custody · $642M to $896MMar 17, 2021 to Mar 21, 2022
- Employees · 10 to 11Mar 17, 2021 to Mar 21, 2022
- Private funds · 3 to 2Mar 17, 2021 to Mar 21, 2022
- Discretionary RAUM · $804M to $1.1BMar 17, 2021 to Mar 21, 2022
- Non-discretionary RAUM · $51.1M to $116MMar 17, 2021 to Mar 21, 2022
- Pooled vehicle RAUM · $693M to $1.0BMar 17, 2021 to Mar 21, 2022
- RAUM · $855M to $1.2BMar 17, 2021 to Mar 21, 2022
- Accounts · 8 to 6Mar 12, 2020 to Mar 17, 2021
- Advisory employees · 8 to 7Mar 12, 2020 to Mar 17, 2021
Signals
4 dated events
- D•• S•••••••• L• reported RAUM $870.6M, down 29% from $1.2B (2022-03-21 to 2023-03-24)Mar 24, 2023 · RAUM change · derived
- D•• S•••••••• L• reported RAUM $1.2B, up 43% from $854.8M (2021-03-17 to 2022-03-21)Mar 21, 2022 · RAUM change · derived
- D•• S•••••••• L• reported RAUM $934.5M, up 156% from $365.1M (2018-02-26 to 2018-03-29)Mar 29, 2018 · RAUM change · derived
- D•• S•••••••• L• filed its initial SEC registration (Form ADV)Jul 3, 2015 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- D•• S•••••••• L• · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 612-843-4360reportedpublic record, Form ADV, Mar 12, 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