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
I••••••••• P••••••••• L••
Latest filing Mar 26, 2025
First filing on the tape Oct 13, 2015 · 24 filings
SEC status approved since Oct 27, 2015
RAUM
$785M
reported, Item 5.F
Discretionary
100%
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
14
12 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$785M as of Mar 26, 2025
Mar 30, 2016$0 then
HNW client RAUM: no history
State-registered IARs (5.B.3)4 as of Mar 26, 2025
Mar 30, 20162 then
Employees (5.A)14 as of Mar 26, 2025
Mar 30, 20162 then
Private funds1 as of Mar 26, 2025
Mar 8, 20221 then
RAUM +2.2% over the last fiscal year+3.2% a year over threeIARs 11 to 4
Practice profile
derived from the filing of Mar 26, 2025; every figure names its basis
- RAUM per advisor
- $196MderivedRAUM 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
- $805,546derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.5derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +2.2%derivedbetween the last two annual amendments
- Advisor growth, one year
- -64%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- 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)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Other investment advisers$747M95%
- Investment companies$33.1M4.2%
- Pooled investment vehicles$4.9M0.6%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 974reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- 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
2 left, 0 joined in 12 months
net -2 in 12 months0 left in 90 days0 joined in 90 days5 left over 36 months
Left, latest
- D•••• G••••••• to S•••••• P•••••••• M••••••••• L••Oct 13, 2025 · Other
- R••••• R••••• B•••• to A••••••• F••••••••• L•••Oct 13, 2025 · Other
- J•••• T•••• L•• to A••••••• F••••••••• L•••Jun 16, 2025 · Other
- C•••••••• A•• J••••• to A••••••• F••••••••• L•••May 16, 2025 · Other
- P•••• G••••• B••••••••• to M•••••• W••••• M••••••••• L••Mar 27, 2024 · Other
Joined, latest
- J•••• T•••• L•• from S••••• B•••• I••••••••• A•••••••• L••May 24, 2024 · Other
- C•••••••• A•• J••••• from S••••• B•••• I••••••••• A•••••••• L••Jan 17, 2019 · Other
- R••••• R••••• B•••• from S••••• B•••• I••••••••• A•••••••• L••Dec 7, 2015 · Other
- D•••• G••••••• from S•••••••• S••••• B••••• L••Oct 28, 2015 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from S••••• B•••• I••••••••• A•••••••• L••Sep 12, 2025 · Indianapolis, In
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| T•••• F••• I• L• | Hedge Fund | $4.4M | 2 | Mar 8, 2022 |
Owners and control persons
Schedule A and B, latest filing
- B••••• R•••••• R••••• · Managing Directorcontrolsince 08/2015 · owns less than 5%
- G•••••••• D••••• S••••• · Managing Directorcontrolsince 08/2015 · owns less than 5%
- B••••• R•••••• R••••• · Owner/Managing Membercontrolsince 11/2011 · owns 50% to 75% of S••••• B•••• C•••••• M••••••••• L••
- G•••••••• D••••• S••••• · Owner/Managing Membercontrolsince 12/2011 · owns 50% to 75% of S••••• B•••• C•••••• M••••••••• L••
- B••••• A•••••• L••• · Chief Compliance Officersince 03/2017 · owns less than 5%
Entity owners
- S••••• B•••• C•••••• M••••••••• L•• · Holding Co.direct · owns 75% or more
Related persons
Schedule D 7.A
- S•••••••• S••••• B••••• L••investment advisernRAUM $317M
- S••••• F••••• L••investment advisernRAUM $61.3M
- S••••• B•••• I••••••••• A•••••••• L••investment advisernRAUM $1.4B
- T•••• G• L••pooled vehicle sponsorn
- T•••• A•••••••investment advisern
Advisers that list I••••••••• P••••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Indianapolis, In · principal | 0 | 0 | 2 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,120 to 974Mar 26, 2024 to Mar 26, 2025
- Advisory employees · 10 to 12Mar 26, 2024 to Mar 26, 2025
- Employees · 16 to 14Mar 26, 2024 to Mar 26, 2025
- Financial planning clients · unset to Mar 26, 2024 to Mar 26, 2025
- State-registered IARs · 11 to 4Mar 26, 2024 to Mar 26, 2025
- Discretionary RAUM · $764M to $784MMar 26, 2024 to Mar 26, 2025
- Non-discretionary RAUM · $3.5M to $313,291Mar 26, 2024 to Mar 26, 2025
- Pooled vehicle RAUM · $4.4M to $4.9MMar 26, 2024 to Mar 26, 2025
- RAUM · $767M to $785MMar 26, 2024 to Mar 26, 2025
- Accounts · 1,118 to 1,120Mar 28, 2023 to Mar 26, 2024
- BD registered reps · 2 to 1Mar 28, 2023 to Mar 26, 2024
- Employees · 17 to 16Mar 28, 2023 to Mar 26, 2024
- Financial planning clients · 0 to unsetMar 28, 2023 to Mar 26, 2024
- Discretionary RAUM · $588M to $764MMar 28, 2023 to Mar 26, 2024
- Non-discretionary RAUM · $2.4M to $3.5MMar 28, 2023 to Mar 26, 2024
- Pooled vehicle RAUM · $2.2M to $4.4MMar 28, 2023 to Mar 26, 2024
- RAUM · $591M to $767MMar 28, 2023 to Mar 26, 2024
- Accounts · 988 to 1,118Mar 11, 2022 to Mar 28, 2023
- BD registered reps · 4 to 2Mar 11, 2022 to Mar 28, 2023
- Pooled vehicle clients · unset to 1.0Mar 11, 2022 to Mar 28, 2023
- State-registered IARs · 13 to 11Mar 11, 2022 to Mar 28, 2023
- Discretionary RAUM · $713M to $588MMar 11, 2022 to Mar 28, 2023
- Non-discretionary RAUM · $1.1M to $2.4MMar 11, 2022 to Mar 28, 2023
- Pooled vehicle RAUM · unset to 2233293.0Mar 11, 2022 to Mar 28, 2023
- RAUM · $714M to $591MMar 11, 2022 to Mar 28, 2023
- Accounts · 63 to 988Oct 13, 2021 to Mar 8, 2022
- Advisory employees · 8 to 10Oct 13, 2021 to Mar 8, 2022
- Advisory activities · 2 to 3Oct 13, 2021 to Mar 8, 2022
- BD registered reps · 2 to 4Oct 13, 2021 to Mar 8, 2022
- Employees · 13 to 17Oct 13, 2021 to Mar 8, 2022
- Insurance-licensed employees · 10 to 11Oct 13, 2021 to Mar 8, 2022
- State-registered IARs · 10 to 13Oct 13, 2021 to Mar 8, 2022
- Private funds · unset to 1Oct 13, 2021 to Mar 8, 2022
- Discretionary RAUM · $86.0M to $713MOct 13, 2021 to Mar 8, 2022
- Non-discretionary RAUM · $0 to $1.1MOct 13, 2021 to Mar 8, 2022
- RAUM · $86.0M to $714MOct 13, 2021 to Mar 8, 2022
- Accounts · 2 to 63Jan 7, 2021 to Mar 26, 2021
- Advisory employees · 7 to 8Jan 7, 2021 to Mar 26, 2021
- Advisory activities · 1 to 2Jan 7, 2021 to Mar 26, 2021
- BD registered reps · 1 to 2Jan 7, 2021 to Mar 26, 2021
Signals
10 dated events
- I••••••••• P••••••••• L•• no longer on the SEC adviser roster (last listed 2025-09-02, RAUM $784.6M)Dec 20, 2025 · Left the SEC roster · derived
- D•••• G••••••• left I••••••••• P••••••••• L•• for S•••••• P•••••••• M••••••••• L•• (registered 2015-12-23)Oct 13, 2025 · Advisor changed firm · fact
- R••••• R••••• B•••• left I••••••••• P••••••••• L•• for A••••••• F••••••••• L••• (registered 2025-05-30)Oct 13, 2025 · Advisor changed firm · fact
- 2 advisors left S••••• B•••• I••••••••• A•••••••• L•• (Indianapolis, IN) for I••••••••• P••••••••• L•• on the same daySep 12, 2025 · Team lift-out · derived
- J•••• T•••• L•• left I••••••••• P••••••••• L•• for A••••••• F••••••••• L••• (registered 2025-05-30)Jun 16, 2025 · Advisor changed firm · fact
- C•••••••• A•• J••••• left I••••••••• P••••••••• L•• for A••••••• F••••••••• L••• (registered 2025-05-30)May 16, 2025 · Advisor changed firm · fact
- P•••• G••••• B••••••••• left I••••••••• P••••••••• L•• for M•••••• W••••• M••••••••• L•• (registered 2024-03-27)Mar 27, 2024 · Advisor changed firm · fact
- I••••••••• P••••••••• L•• reported RAUM $767.3M, up 30% from $590.7M (2023-03-28 to 2024-03-26)Mar 26, 2024 · RAUM change · derived
- I••••••••• P••••••••• L•• reported RAUM $714.3M, up 730% from $86.0M (2021-10-13 to 2022-03-08)Mar 8, 2022 · RAUM change · derived
- I••••••••• P••••••••• L•• filed its initial SEC registration (Form ADV)Oct 13, 2015 · 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