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

S••• A•••• M••••••••• L••

Independent wealth managerAustin, TexasCRD 222518SEC 801-121279websiteIAPD
Latest filing Mar 25, 2026
First filing on the tape Apr 21, 2021 · 22 filings
SEC status approved since May 21, 2021
RAUM
$231M
reported, Item 5.F
Discretionary
70%
of RAUM
Private clients
74%
$171M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$231M
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$231M as of Mar 25, 2026
Mar 31, 2022$92.9M then
HNW client RAUM$168M as of Mar 25, 2026
Mar 31, 2022$70.5M then
State-registered IARs (5.B.3)2 as of Mar 25, 2026
Mar 31, 20222 then
Employees (5.A)2 as of Mar 25, 2026
Mar 31, 20222 then
Private funds2 as of Mar 25, 2026
May 2, 20232 then
RAUM +9.2% over the last fiscal year+31% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
Archetypes, each a printed rule
  • RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$231MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
22derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$9.9MderivedHNW RAUM over HNW clients
Average account
$1.9MderivedRAUM over accounts (5.F.2.f)
Discretionary
70%derivedof RAUM
Institutional
13%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+9.2%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 assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$20.3M, 6 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)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$168M73%
  • Charitable organizations$29.5M13%
  • Pooled investment vehicles$21.5M9.3%
  • Corporations and businesses$9.8M4.2%
  • Individuals$2.4M1.1%
Individual clients
5reported
HNW clients
17reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
122reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$20.3M for 6 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.74 fund_share=0.09 institutional_share=0.13 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
S••••• Y• L••Austin, TxJun 16, 201511 y0
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
    none on the tape
      Private funds
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S••• M••••••••• F•••• L•Hedge Fund$6.9M14Feb 27, 2023
      S••• C••••• F•••• L•Hedge Fund$3.6M10Feb 27, 2023
      Owners and control persons
      Schedule A and B, latest filing
      • L••• S•••••• Y• · Managing Member / Ccocontrol
        since 03/2015 · owns 75% or more
      Related persons
      Schedule D 7.A
      • S••• C••••• G•• L•
        pooled vehicle sponsory
      • S••• M••••••••• G•• L•
        pooled vehicle sponsory
      Advisers that list S••• A•••• M••••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • compensation changedChange between filings · filing Mar 25, 2026
        performance-based compensation (Item 5.E.6): no on the filing of 2025-02-27, yes on the filing of 2026-03-25
        peers: independent wealth managers, $100M to $500M (5,678)
      What changed
      consecutive filings, newest first
      • Accounts · 150 to 122
        Feb 27, 2025 to Mar 25, 2026
      • HNW clients · 14 to 17
        Feb 27, 2025 to Mar 25, 2026
      • Individual clients · unset to 5.0
        Feb 27, 2025 to Mar 25, 2026
      • Discretionary RAUM · $141M to $163M
        Feb 27, 2025 to Mar 25, 2026
      • HNW RAUM · $158M to $168M
        Feb 27, 2025 to Mar 25, 2026
      • Individual RAUM · $3.6M to $2.4M
        Feb 27, 2025 to Mar 25, 2026
      • Non-discretionary RAUM · $70.8M to $68.6M
        Feb 27, 2025 to Mar 25, 2026
      • Pooled vehicle RAUM · $14.2M to $21.5M
        Feb 27, 2025 to Mar 25, 2026
      • RAUM · $212M to $231M
        Feb 27, 2025 to Mar 25, 2026
      • Related adviser · false to true
        Feb 27, 2025 to Mar 25, 2026
      • Accounts · 111 to 150
        Sep 20, 2024 to Feb 27, 2025
      • Advisory employees · 1 to 2
        Sep 20, 2024 to Feb 27, 2025
      • HNW clients · 13 to 14
        Sep 20, 2024 to Feb 27, 2025
      • Individual clients · 5.0 to unset
        Sep 20, 2024 to Feb 27, 2025
      • Assets in custody · unset to 20335856.0
        Sep 20, 2024 to Feb 27, 2025
      • Custody of client assets · false to true
        Sep 20, 2024 to Feb 27, 2025
      • Employees · 1 to 2
        Sep 20, 2024 to Feb 27, 2025
      • Insurance-licensed employees · 0 to 1
        Sep 20, 2024 to Feb 27, 2025
      • Financial planning clients · 0 to 0
        Sep 20, 2024 to Feb 27, 2025
      • State-registered IARs · 1 to 2
        Sep 20, 2024 to Feb 27, 2025
      • Discretionary RAUM · $132M to $141M
        Sep 20, 2024 to Feb 27, 2025
      • HNW RAUM · $56.5M to $158M
        Sep 20, 2024 to Feb 27, 2025
      • Individual RAUM · $2.6M to $3.6M
        Sep 20, 2024 to Feb 27, 2025
      • Non-discretionary RAUM · $6.0M to $70.8M
        Sep 20, 2024 to Feb 27, 2025
      • Pooled vehicle RAUM · $10.5M to $14.2M
        Sep 20, 2024 to Feb 27, 2025
      • RAUM · $138M to $212M
        Sep 20, 2024 to Feb 27, 2025
      • Accounts · 67 to 111
        Oct 12, 2023 to Mar 18, 2024
      • Advisory employees · 2 to 1
        Oct 12, 2023 to Mar 18, 2024
      • HNW clients · 12 to 13
        Oct 12, 2023 to Mar 18, 2024
      • Individual clients · 6 to 5
        Oct 12, 2023 to Mar 18, 2024
      • Pooled vehicle clients · unset to 2.0
        Oct 12, 2023 to Mar 18, 2024
      • Employees · 2 to 1
        Oct 12, 2023 to Mar 18, 2024
      • Financial planning clients · 11-25 to 0
        Oct 12, 2023 to Mar 18, 2024
      • State-registered IARs · 2 to 1
        Oct 12, 2023 to Mar 18, 2024
      • Discretionary RAUM · $104M to $132M
        Oct 12, 2023 to Mar 18, 2024
      • HNW RAUM · $43.1M to $56.5M
        Oct 12, 2023 to Mar 18, 2024
      • Individual RAUM · $6.2M to $2.6M
        Oct 12, 2023 to Mar 18, 2024
      • Non-discretionary RAUM · $0 to $6.0M
        Oct 12, 2023 to Mar 18, 2024
      • Pooled vehicle RAUM · unset to 10453969.0
        Oct 12, 2023 to Mar 18, 2024
      • RAUM · $104M to $138M
        Oct 12, 2023 to Mar 18, 2024
      Signals
      4 dated events
      • K Leo Acheson (Partner/Cco) no longer on Schedule A of S••• A•••• M••••••••• L•• (listed 2023-06-21, absent 2023-10-12)
        Oct 12, 2023 · Control person left · inference
      • S••• A•••• M••••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Jun 2, 2023 · Succession (Item 4) · fact
      • K Leo Acheson (Partner/Cco) appeared on Schedule A of S••• A•••• M••••••••• L••
        Mar 31, 2022 · Control person joined · fact
      • S••• A•••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Apr 21, 2021 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Business email
      sam@svrn.coreportedpublished by the firm, firm site, Sep 16, 2026
      Business phone
      773-442-2294reportedpublished by the firm, firm site, Sep 16, 2026
      Firm profile
      linkedin.com/company/svrn-asset-management-llcreportedpublic record, Form ADV, Sep 19, 2026
      Website
      S•••.COreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      773-442-2294reportedpublic record, Form ADV, Mar 25, 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
      Independent wealth managerderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      $231Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026