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••••••• C•••••• M••••••••• L••

Other adviserGreenbrae, CaliforniaCRD 281266SEC 801-112070websiteIAPD
Latest filing Jul 16, 2026
First filing on the tape Oct 25, 2017 · 21 filings
SEC status approved since Nov 27, 2017
RAUM
$2.0B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
16%
$329M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$2.0B
derived; firm RAUM over IAPD count
Employees
11
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$2.0B as of Jul 16, 2026
Mar 23, 2018$16.2M then
HNW client RAUM$329M as of Jul 16, 2026
Mar 25, 2019$89.5M then
State-registered IARs (5.B.3)0 as of Jul 16, 2026
Mar 23, 20181 then
Employees (5.A)11 as of Jul 16, 2026
Mar 23, 20186 then
Private funds1 as of Jul 16, 2026
Mar 23, 20181 then
RAUM +13% over the last fiscal year+17% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jul 16, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$2.0BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$6.1MderivedHNW RAUM over HNW clients
Average account
$26.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
11.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 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 assets, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$1.2B59%
  • Pooled investment vehicles$394M20%
  • High-net-worth individuals$329M17%
  • Corporations and businesses$31.4M1.6%
  • Charitable organizations$28.6M1.5%
  • Other investment advisers$19.2M1.0%
  • Pension and profit-sharing plans$1.5M0.1%
Individual clients
n/areported
HNW clients
54reported
Pension plan clients
n/areported
Charitable clients
8reported
Accounts
77reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.16 fund_share=0.78 institutional_share=0.01 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J•••• A••••• R••••••••Greenbrae, CaMay 29, 202629 y1
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
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S••••••• P•••••••• L•no longer reportedHedge Fund$16.2M37Oct 25, 2017
      Owners and control persons
      Schedule A and B, latest filing
      • H••••••• P••••••• T• · Chief Operating Officercontrol
        since 08/2016 · owns less than 5%
      • R••••••••• J••••• A••••• · Presidentcontrol
        since 03/2015 · owns 75% or more
      • Z••••• J•••• •••• · Chief Compliance Officer / Chief Financial Officercontrol
        since 09/2022 · owns less than 5%
      • L••••••• S••••••• M••••• · Member
        since 10/2015 · owns 5% to 10%
      • B••••• A•••• W•••••• · Manager
        since 02/1994 · owns 25% to 50% of E••••••• M••••••••• L••
      Entity owners
      • E••••••• M••••••••• L•• · Member
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • HQ city · SAN FRANCISCO to GREENBRAE
        Mar 31, 2026 to Jun 9, 2026
      • Accounts · 80 to 77
        May 30, 2025 to Mar 31, 2026
      • Advisory employees · 4 to 5
        May 30, 2025 to Mar 31, 2026
      • Charity clients · 9 to 8
        May 30, 2025 to Mar 31, 2026
      • HNW clients · 55 to 54
        May 30, 2025 to Mar 31, 2026
      • Pension plan clients · 2.0 to unset
        May 30, 2025 to Mar 31, 2026
      • Pooled vehicle clients · unset to 1.0
        May 30, 2025 to Mar 31, 2026
      • Employees · 10 to 11
        May 30, 2025 to Mar 31, 2026
      • Private funds · unset to 1
        May 30, 2025 to Mar 31, 2026
      • Discretionary RAUM · $1.8B to $2.0B
        May 30, 2025 to Mar 31, 2026
      • HNW RAUM · $320M to $329M
        May 30, 2025 to Mar 31, 2026
      • Pension RAUM · $17.8M to $1.5M
        May 30, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · unset to 394148000.0
        May 30, 2025 to Mar 31, 2026
      • RAUM · $1.8B to $2.0B
        May 30, 2025 to Mar 31, 2026
      • Financial planning clients · unset to
        Apr 29, 2025 to May 30, 2025
      • Accounts · 81 to 80
        Mar 26, 2024 to Apr 29, 2025
      • BD registered reps · 0 to 1
        Mar 26, 2024 to Apr 29, 2025
      • Charity clients · 10 to 9
        Mar 26, 2024 to Apr 29, 2025
      • Corporate clients · 8 to 7
        Mar 26, 2024 to Apr 29, 2025
      • HNW clients · 54 to 55
        Mar 26, 2024 to Apr 29, 2025
      • Discretionary RAUM · $1.4B to $1.8B
        Mar 26, 2024 to Apr 29, 2025
      • HNW RAUM · $213M to $320M
        Mar 26, 2024 to Apr 29, 2025
      • Pension RAUM · $16.6M to $17.8M
        Mar 26, 2024 to Apr 29, 2025
      • RAUM · $1.4B to $1.8B
        Mar 26, 2024 to Apr 29, 2025
      • Accounts · 86 to 81
        Mar 3, 2023 to Mar 26, 2024
      • Charity clients · 9 to 10
        Mar 3, 2023 to Mar 26, 2024
      • Corporate clients · 9 to 8
        Mar 3, 2023 to Mar 26, 2024
      • HNW clients · 55 to 54
        Mar 3, 2023 to Mar 26, 2024
      • Pension plan clients · 3 to 2
        Mar 3, 2023 to Mar 26, 2024
      • Discretionary RAUM · $1.3B to $1.4B
        Mar 3, 2023 to Mar 26, 2024
      • HNW RAUM · $145M to $213M
        Mar 3, 2023 to Mar 26, 2024
      • Pension RAUM · $170M to $16.6M
        Mar 3, 2023 to Mar 26, 2024
      • RAUM · $1.3B to $1.4B
        Mar 3, 2023 to Mar 26, 2024
      • Accounts · 109 to 86
        Sep 19, 2022 to Mar 3, 2023
      • Charity clients · 12 to 9
        Sep 19, 2022 to Mar 3, 2023
      • Corporate clients · 18 to 9
        Sep 19, 2022 to Mar 3, 2023
      • HNW clients · 63 to 55
        Sep 19, 2022 to Mar 3, 2023
      • Pension plan clients · 2 to 3
        Sep 19, 2022 to Mar 3, 2023
      • Other offices · 1 to 0
        Sep 19, 2022 to Mar 3, 2023
      • Discretionary RAUM · $3.8B to $1.3B
        Sep 19, 2022 to Mar 3, 2023
      Signals
      7 dated events
      • S••••••• C•••••• M••••••••• L•• reported RAUM $1.8B, up 28% from $1.4B (2024-03-26 to 2025-04-29)
        Apr 29, 2025 · RAUM change · derived
      • S••••••• C•••••• M••••••••• L•• reported RAUM $1.3B, down 67% from $3.8B (2022-09-19 to 2023-03-03)
        Mar 3, 2023 · RAUM change · derived
      • Xavier William Minor (Chief Compliance Officer) no longer on Schedule A of S••••••• C•••••• M••••••••• L•• (listed 2022-03-24, absent 2022-09-19)
        Sep 19, 2022 · Control person left · inference
      • (Nmn) John Zhang (Chief Compliance Officer / Chief Financial Officer) appeared on Schedule A of S••••••• C•••••• M••••••••• L••
        Sep 19, 2022 · Control person joined · fact
      • S••••••• C•••••• M••••••••• L•• reported RAUM $3.3B, up 292% from $844.2M (2021-02-10 to 2021-03-27)
        Mar 27, 2021 · RAUM change · derived
      • S••••••• C•••••• M••••••••• L•• reported RAUM $844.2M, up 313% from $204.7M (2019-05-09 to 2020-03-28)
        Mar 28, 2020 · RAUM change · derived
      • S••••••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Oct 25, 2017 · 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
      Firm profile
      linkedin.com/company/spyglass-capital-managementreportedpublic record, Form ADV, Sep 19, 2026
      Website
      s••••.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      415-318-2366reportedpublic record, Form ADV, Jul 16, 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
      Other adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      $2.0Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026