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•••••••• C•••••• I••
Latest filing Sep 17, 2026
First filing on the tape May 4, 2021 · 30 filings
SEC status approved since Jun 3, 2021
RAUM
$671M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
96%
$643M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$95.9M
derived; firm RAUM over IAPD count
Employees
13
9 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$671M as of Jul 22, 2026
Mar 18, 2022$263M then
HNW client RAUM$625M as of Jul 22, 2026
Mar 18, 2022$201M then
State-registered IARs (5.B.3)7 as of Jul 22, 2026
Mar 18, 20226 then
Employees (5.A)13 as of Jul 22, 2026
Mar 18, 20228 then
Private funds20 as of Jul 22, 2026
Mar 18, 20222 then
RAUM +47% over the last fiscal year+44% a year over threeIARs 7 to 7
Practice profile
derived from the filing of Sep 17, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $95.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 38derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.8MderivedHNW RAUM over HNW clients
- Average account
- $695,058derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.9derivedItem 5.A over advisors
- Advisors per office
- 7.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +47%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +5.2%derived
- Compensation
- percentage of assets, hourly, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for pooled vehicles, 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
- 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)
- 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$625M93%
- Pooled investment vehicles$25.8M3.8%
- Individuals$18.5M2.7%
- Charitable organizations$2.5M0.4%
- Individual clients
- 41reported
- HNW clients
- 223reported
- Pension plan clients
- 0reported
- Charitable clients
- 1reported
- Accounts
- 966reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourly, performancereported
- Class basis
- private_client_share=0.96 fund_share=0.04 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| L••• Z••••Certified Financial Planner | Los Altos, Ca | Jul 15, 2019 | 15 y | 0 |
| J•••• M•••••• L• B••• | Los Altos, Ca | Aug 10, 2020 | 11 y | 0 |
| T••••• L••••• L•••••Certified Financial Planner | Los Altos, Ca | Apr 21, 2022 | 14 y | 0 |
| B•••••• G•••••• K•••Certified Financial Planner | Los Altos, Ca | Dec 22, 2023 | 14 y | 5 |
| N••••• M•••••• D••••••Certified Financial Planner | Los Altos, Ca | Nov 18, 2024 | 14 y | 2 |
| A••••• H• F•• A•Certified Financial Planner | Los Altos, Ca | Dec 23, 2024 | 13 y | 2 |
| R•••••• M•• V•Certified Financial Planner | Los Altos, Ca | Dec 23, 2024 | 11 y | 0 |
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
- A••••• H• F•• A• from D••••• F•••••••• G••••Dec 23, 2024 · RIA to RIA
- N••••• M•••••• D•••••• from D••••• F•••••••• G••••Nov 18, 2024 · Other
- B•••••• G•••••• K••• from M••••• G••••• A••••••• I•••Dec 22, 2023 · RIA to RIA
Private funds
6 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| D•• V•••••• F••• I• L• | Private Equity Fund | $4.8M | 71 | Jun 22, 2021 |
| D•• V•••••• F••• I•• L• | Private Equity Fund | $3.6M | 100 | Dec 2, 2021 |
| D•••••••• V••••••• F••• I•• L• | Private Equity Fund | $2.7M | 59 | Oct 18, 2022 |
| D•••••••• V••••••• O••••• S•••• A• S••••• O• C•••••• L•• | Private Equity Fund | $845,000 | 23 | Nov 4, 2024 |
| D•••••••• V••••••• G••• S•• I• O•• 2•••• A• S••••• O• C•••••• L•• | Private Equity Fund | $0 | 23 | Oct 15, 2024 |
| D•••••••• V••••••• F•••• S•• I• O•• 2•••• A• S••••• O• C•••••• L•• | Private Equity Fund | $0 | 18 | Oct 15, 2024 |
Owners and control persons
Schedule A and B, latest filing
- A•• A•••••• H• F•• · Ctocontrolsince 07/2018 · owns 10% to 25%
- D••••••• N•••••• M•••••• · Managing Membercontrolsince 05/2015 · owns 50% to 75%
- V•• R••••••• M•• · Member And Ccocontrolsince 01/2016 · owns 10% to 25%
Related persons
Schedule D 7.A
- D•• V•••••••• L••pooled vehicle sponsory
- D•••••••• V••••••• L••pooled vehicle sponsory
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Los Altos, Ca · principal | 7 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- wealth RIA private fund surgeCombination · filing Apr 29, 2026a wealth manager (private-client share at least 50 percent) whose private fund count grew by three or more and 50 percent or more. RAUM $456,940,000 to $671,426,250, advisors 7 to 7, private clients 251 to 264, offices 0 to 0 (2025-04-24 to 2026-04-29)peers: independent wealth managers, $500M to $1B (1,482)
- RAUM up 25 %Change between filings · filing Apr 29, 2026RAUM (Item 5.F) moved from $456,940,000 to $671,426,250 (+47.0%) between the annual amendments of 2025-04-24 and 2026-04-29; the peer median change was +16.0% (1385 comparable advisers, 93.0th percentile of changes)peers: independent wealth managers, $500M to $1B (1,385) · 93% percentile
- private fund count surgeChange between filings · filing Apr 29, 2026private funds (Schedule D 7.B.1) moved from 6.0 to 18.0 (+200.0%) between the annual amendments of 2025-04-24 and 2026-04-29; the peer median change was 0.0% (72 comparable advisers, 100.0th percentile of changes)peers: independent wealth managers, $500M to $1B (72) · 100% percentile
What changed
consecutive filings, newest first
- Financial planning clients · 251-500 to 251-500Jul 22, 2026 to Sep 17, 2026
- Private funds · 20 to unsetJul 22, 2026 to Sep 17, 2026
- Succession · false to unsetJul 22, 2026 to Sep 17, 2026
- Private funds · 19 to 20May 21, 2026 to Jul 22, 2026
- Private funds · 18 to 19Apr 29, 2026 to May 21, 2026
- Business name · D•••••••• C•••••• L•• to D•••••••• C•••••• I••Mar 26, 2026 to Apr 29, 2026
- Legal name · D•••••••• C•••••• L•• to D•••••••• C•••••• I••Mar 26, 2026 to Apr 29, 2026
- Private funds · 12 to 18Mar 26, 2026 to Apr 29, 2026
- Accounts · 821 to 966Jan 13, 2026 to Mar 26, 2026
- HNW clients · 149 to 223Jan 13, 2026 to Mar 26, 2026
- Individual clients · 102 to 41Jan 13, 2026 to Mar 26, 2026
- Pooled vehicle clients · 5 to 12Jan 13, 2026 to Mar 26, 2026
- Organization form · Limited Liability Company to CorporationJan 13, 2026 to Mar 26, 2026
- Private funds · 11 to 12Jan 13, 2026 to Mar 26, 2026
- Discretionary RAUM · $457M to $671MJan 13, 2026 to Mar 26, 2026
- HNW RAUM · $398M to $625MJan 13, 2026 to Mar 26, 2026
- Individual RAUM · $39.5M to $18.5MJan 13, 2026 to Mar 26, 2026
- Non-discretionary RAUM · $20,400 to $21,315Jan 13, 2026 to Mar 26, 2026
- Pooled vehicle RAUM · $17.5M to $25.8MJan 13, 2026 to Mar 26, 2026
- RAUM · $457M to $671MJan 13, 2026 to Mar 26, 2026
- Advisory activities · 4 to 5Aug 14, 2025 to Nov 7, 2025
- Private funds · 9 to 11Aug 14, 2025 to Nov 7, 2025
- Private funds · 8 to 9Jul 25, 2025 to Aug 14, 2025
- Financial planning clients · 251-500 to 251-500Apr 24, 2025 to Jul 25, 2025
- Private funds · 6 to 8Apr 24, 2025 to Jul 25, 2025
- Accounts · 698 to 821Nov 4, 2024 to Feb 25, 2025
- Advisory employees · 7 to 9Nov 4, 2024 to Feb 25, 2025
- HNW clients · 111 to 149Nov 4, 2024 to Feb 25, 2025
- Individual clients · 98 to 102Nov 4, 2024 to Feb 25, 2025
- Pooled vehicle clients · 3 to 5Nov 4, 2024 to Feb 25, 2025
- Employees · 12 to 13Nov 4, 2024 to Feb 25, 2025
- Discretionary RAUM · $288M to $457MNov 4, 2024 to Feb 25, 2025
- HNW RAUM · $233M to $398MNov 4, 2024 to Feb 25, 2025
- Individual RAUM · $40.0M to $39.5MNov 4, 2024 to Feb 25, 2025
- Non-discretionary RAUM · $15,000 to $20,400Nov 4, 2024 to Feb 25, 2025
- Pooled vehicle RAUM · $13.1M to $17.5MNov 4, 2024 to Feb 25, 2025
- RAUM · $288M to $457MNov 4, 2024 to Feb 25, 2025
- Private funds · 5 to 6Oct 15, 2024 to Nov 4, 2024
- Private funds · 3 to 5Apr 16, 2024 to Oct 15, 2024
- Advisory activities · 3 to 4Mar 18, 2024 to Apr 5, 2024
Signals
4 dated events
- D•••••••• C•••••• I•• reported RAUM $671.4M, up 47% from $456.9M (2026-01-13 to 2026-03-26)Mar 26, 2026 · RAUM change · derived
- D•••••••• C•••••• I•• reported RAUM $456.9M, up 59% from $287.6M (2024-11-04 to 2025-02-25)Feb 25, 2025 · RAUM change · derived
- D•••••••• C•••••• I•• reported RAUM $269.3M, up 90% from $141.6M (2021-08-04 to 2021-12-02)Dec 2, 2021 · RAUM change · derived
- D•••••••• C•••••• L•• filed its initial SEC registration (Form ADV)May 4, 2021 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- D•••••••• C•••••• I•• · Independent Sponsorsshared crd · capital_provider
- D•••••••• C•••••• L•• · Private Equityshared crd · organization
- D•••••••• C•••••• I•• · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/diversificapitalreportedpublic record, Form ADV, Sep 18, 2026
- Website
- d•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 650-632-5667reportedpublic record, Form ADV, Sep 17, 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
- $95.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026