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

C••••••• G••••• L••

Other adviserSalt Lake City, UtahCRD 281399SEC 801-107042websiteIAPD
Legal name T•• C••••••• G••••
Latest filing Jul 13, 2026
First filing on the tape Dec 7, 2015 · 43 filings
SEC status approved since Dec 14, 2015
RAUM
$9.8B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
17%
$1.6B individuals and HNW
Advisors
15
registered through the firm on IAPD
RAUM per advisor
$657M
derived; firm RAUM over IAPD count
Employees
71
30 advisory (5.B.1)
Offices
10
beyond the principal office
Private funds
60
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$9.8B as of Jul 13, 2026
Mar 31, 2016$352M then
HNW client RAUM$1.6B as of Jul 13, 2026
Mar 29, 2019$3.3M then
State-registered IARs (5.B.3)7 as of Jul 13, 2026
Mar 31, 20160 then
Employees (5.A)71 as of Jul 13, 2026
Mar 31, 201612 then
Private funds60 as of Jul 13, 2026
Mar 31, 201711 then
RAUM +50% over the last fiscal year+57% a year over threeIARs 10 to 7offices 11 to 10
Practice profile
derived from the filing of Jul 13, 2026; every figure names its basis
RAUM per advisor
$657MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$21.6MderivedHNW RAUM over HNW clients
Average account
$13.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
35%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.7derivedItem 5.A over advisors
Advisors per office
1.4derived11 offices incl. principal (1.F.5)
RAUM growth, one year
+50%derivedbetween the last two annual amendments
Advisor growth, one year
-30%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 vehicles, selection of other advisersreportedItem 5.G
Custody
$3.5B, 18 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$4.7B48%
  • Charitable organizations$3.4B35%
  • High-net-worth individuals$1.6B17%
  • Other investment advisers$82.2M0.8%
Individual clients
n/areported
HNW clients
76reported
Pension plan clients
n/areported
Charitable clients
11reported
Accounts
726reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
$3.5B for 18 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.17 fund_share=0.48 institutional_share=0.35 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
15 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
A••••• R••••• B•••••••••New York, Ny Jan 26, 202316 y1
D•••• R••• H•••••Salt Lake City, UtJan 27, 202323 y4
D••••• K•••••• A•••••••Chartered Financial AnalystSalt Lake City, UtJan 27, 202322 y1
R•••••• K•••• T•••••Salt Lake City, UtJan 27, 202310 y2
M••• R••••• S•••••••Chartered Financial AnalystSalt Lake City, UtJan 27, 202314 y2
C••••••••• H•• N••••Chartered Financial AnalystSalt Lake City, UtJan 27, 202328 y3
S•••••• P••••••• E•••••Salt Lake City, UtJan 27, 202321 y2
H•••••• E••••• S••••••Salt Lake City, UtJan 27, 202312 y2
Z•••••• D•••• L•••••Salt Lake City, UtJan 27, 202316 y3
Q•••••• S••• M•••••Salt Lake City, UtMay 8, 202312 y1
K••••• W•••••• A•••Salt Lake City, UtSep 1, 202311 y1
T••• J•••••• C•••••••Salt Lake City, UtNov 16, 202311 y0
Z•••••• T•••• A••••Salt Lake City, UtNov 19, 202512 y0
H••••• R•••••• I••••••Salt Lake City, UtJan 21, 202611 y0
A•••• A• G•••••Salt Lake City, UtMay 15, 202616 y1
Advisor movement
5 left, 1 joined in 12 months
net -4 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 33% of current headcount7 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
61 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
C••••••• P••••••• 2•••• L•Private Equity Fund$630M139Sep 30, 2020
C••••••• P••••••• I••• L•Private Equity Fund$522M104Oct 28, 2022
C••••••• P••••••• 2••• C••••••••• L•• S••••• C•Private Equity Fund$206M91Oct 28, 2022
C••••••• I••••••••• P•••••••• L•• • 2••• A••••••• I•••••Other Private Fund$160M21Mar 3, 2021
C••••••• I••••••••• P•••••••• L•• • 2••• D••••••••• I•••••Other Private Fund$149M7Mar 31, 2022
C••••••• I••••••••• P•••••••• L•• • 2••• S••••••Private Equity Fund$116M38Mar 29, 2019
C••••••• W••••• P•••••••• L•• • C•••••• S••• A•• S•••Private Equity Fund$82.5M29Mar 29, 2019
C••••••• I••••••••• P•••••••• L•• • 2••• F• G•••••Venture Capital Fund$65.0M64Oct 28, 2022
C••••••• A••••• B••••••••• L••Other Private Fund$64.1M108Dec 21, 2018
C••••••• I••••••••• P•••••••• L•• • 2••• S• C•••••Private Equity Fund$61.4M50Jan 31, 2020
C••••••• P••••••• 2••• C••••••••• L•• S••••• B•Private Equity Fund$58.7M48Mar 31, 2022
C••••••• I••••••••• P•••••••• L•• • 2••• V•••••• M••••••••• I••••••••Venture Capital Fund$46.7M9Mar 31, 2022
C••••••• P••••••• 2••• P•• L•Private Equity Fund$44.0M67Mar 31, 2022
C••••••• I••••••••• P•••••••• L•• • 2••• R• A•••••Real Estate Fund$42.8M20Jan 31, 2020
C••••••• F••••••• L•• • C•••• A••Private Equity Fund$41.1M16Oct 28, 2022
C••••••• I••••••••• P•••••••• L•• • 2••• R• M••••••••• I••••••••Real Estate Fund$40.3M25Mar 31, 2022
C••••••• A••••• H••••••• I•• L••no longer reportedPrivate Equity Fund$38.8M6Oct 28, 2022
C••••••• I••••••••• P•••••••• L•• • 2••• V••••••Venture Capital Fund$36.7M11Mar 31, 2020
C••••••• S••••• H•••••••• L••no longer reportedPrivate Equity Fund$35.9M26Mar 31, 2017
C••••••• I••••••••• P•••••••• L•• • 2••• A••••Private Equity Fund$34.9M26Mar 29, 2019
C••••••• I••••••••• P•••••••• L•• • 2••• N•• M•••••••Other Private Fund$33.6M9Mar 29, 2019
C••••••• W••••• P•••••••• L•• • C•••• P•Private Equity Fund$33.2M24Mar 29, 2019
C••••••• P••••••• G•• L••no longer reportedPrivate Equity Fund$32.5M54Mar 31, 2022
C••••••• I••••••••• P•••••••• L•• • 2••• G••Private Equity Fund$31.4M37Jan 31, 2020
C••••••• I••••••••• P•••••••• L•• • 2••• B•••••••••Other Private Fund$28.0M8Mar 29, 2019
C••••••• I••••••••• P•••••••• L•• • 2••• G••••Other Private Fund$27.8M7Mar 29, 2019
C••••••• P••••••• 2••• C••••••••• L•• S••••• A•Private Equity Fund$27.3M27Mar 31, 2022
C••••••• A••••• H•••••••• L••Private Equity Fund$24.5M18Mar 31, 2017
C••••••• I••••••••• P•••••••• L•• • 2••• I•••••••Other Private Fund$22.0M9Jun 29, 2019
C••••••• I••••••••• P•••••••• L•• • 2••• A• C•••••Other Private Fund$21.7M7Mar 31, 2020
C••••••• B•••• G••••• L••no longer reportedPrivate Equity Fund$20.7M2Mar 31, 2017
C••••••• G••• L••no longer reportedPrivate Equity Fund$20.6M25Dec 21, 2018
C••••••• F••••••• L•• • E••••• C••••Private Equity Fund$20.0M19Mar 31, 2022
C••••••• F••••• S•••••• L••Venture Capital Fund$16.1M7Mar 31, 2017
C••••••• G••• L•• • C•••• A•Private Equity Fund$9.5M8Mar 29, 2019
C••••••• A••••• H••••••• I• L••no longer reportedPrivate Equity Fund$8.6M12Mar 31, 2017
C••••••• P••••••••• L••no longer reportedPrivate Equity Fund$7.7M20Mar 26, 2018
C••••••• B• I•• L••no longer reportedPrivate Equity Fund$7.6M3Mar 31, 2017
C••••••• B• I••• L••no longer reportedPrivate Equity Fund$7.6M15Mar 31, 2017
C••••••• I••••••••• P•••••••• L•• • 2••• A••••• A•••Other Private Fund$5.5M6Mar 29, 2019
All funds of C••••••• G••••• L••
Owners and control persons
Schedule A and B, latest filing
  • E•••••• S••••••• P••••••• · Managing Director/Member/Ownercontrol
    since 01/2015 · owns 25% to 50%
  • Q••••••• R•••••• K•••• · Chairmancontrol
    since 01/2022 · owns less than 5%
  • E•••••• C•••••• H••• · Member
    since 01/2015 · owns 75% or more
  • E•••••• L•••• E•••• · Member/Owner
    since 01/2015 · owns 5% to 10%
  • L••• R••••••• G•••• · Chief Financial Officer
    since 02/2020 · owns less than 5%
  • T••••• E••••• M•••• · Chief Compliance Officer
    since 01/2021 · owns less than 5%
  • B••••••• D•••• · Trustee
    since 03/2024 · owns F of K•••• E••••• B•••••• G•• T••••
  • E•••••• C•••••• H••• · Trustee
    since 04/2016 · owns F of T•• R••••• Q•••••• A•• H••• E••••• F••••• T••••
Entity owners
  • T•• R••••• Q•••••• A•• H••• E••••• F••••• T•••• · Trust/Member/Owner
    direct · owns 25% to 50%
  • K•••• E••••• B•••••• G•• T•••• · Member
    direct · owns 5% to 10%
Related persons
Schedule D 7.A
  • 4• G•• G• I• L••
    pooled vehicle sponsory
  • C••••••••• F••• G• L••
    bankpooled vehicle sponsory
  • C••••••• P••••••• 2••• G•• L••
    pooled vehicle sponsorn
  • C••••••• P••••••• I•• G•• L••
    pooled vehicle sponsorn
Advisers that list C••••••• G••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Salt Lake City, Ut · principal15321
New York, Ny1021
Westford, Ma001
Offices
Schedule D 1.F, the 25 largest
  • New York, NY10 employees
  • , 1 employees
ADV anomalies
4 against comparable advisers; where to look, not conclusions
  • advisor count dropChange between filings · filing Mar 31, 2026
    advisory representatives (Item 5.B.3) moved from 10.0 to 7.0 (-30.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was 0.0% (29 comparable advisers, 0.0th percentile of changes)
    peers: other advisers, $5B to $20B (29) · 0.0% percentile
  • employee count surgeChange between filings · filing Mar 31, 2026
    employees (Item 5.A) moved from 43.0 to 71.0 (+65.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was 0.0% (108 comparable advisers, 99.0th percentile of changes)
    peers: other advisers, $5B to $20B (108) · 99% percentile
  • institutional asset share shiftChange between filings · filing Mar 31, 2026
    institutional share of RAUM moved from 20.0% to 36.0% between the annual amendments of 2025-03-31 and 2026-03-31
    peers: other advisers, $5B to $20B (134)
  • RAUM up 25 %Change between filings · filing Mar 31, 2026
    RAUM (Item 5.F) moved from $6,565,356,221 to $9,847,984,409 (+50.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +9.0% (119 comparable advisers, 93.0th percentile of changes)
    peers: other advisers, $5B to $20B (119) · 93% percentile
What changed
consecutive filings, newest first
  • Accounts · 719 to 726
    Jan 6, 2026 to Mar 31, 2026
  • Charity clients · 10 to 11
    Jan 6, 2026 to Mar 31, 2026
  • HNW clients · 61 to 76
    Jan 6, 2026 to Mar 31, 2026
  • Pooled vehicle clients · 56 to 60
    Jan 6, 2026 to Mar 31, 2026
  • Assets in custody · $445M to $3.5B
    Jan 6, 2026 to Mar 31, 2026
  • Employees · 43 to 71
    Jan 6, 2026 to Mar 31, 2026
  • Insurance-licensed employees · 0 to 7
    Jan 6, 2026 to Mar 31, 2026
  • State-registered IARs · 10 to 7
    Jan 6, 2026 to Mar 31, 2026
  • Other offices · 11 to 10
    Jan 6, 2026 to Mar 31, 2026
  • Private funds · 56 to 60
    Jan 6, 2026 to Mar 31, 2026
  • Discretionary RAUM · $6.6B to $9.8B
    Jan 6, 2026 to Mar 31, 2026
  • HNW RAUM · $1.3B to $1.6B
    Jan 6, 2026 to Mar 31, 2026
  • Pooled vehicle RAUM · $4.0B to $4.7B
    Jan 6, 2026 to Mar 31, 2026
  • RAUM · $6.6B to $9.8B
    Jan 6, 2026 to Mar 31, 2026
  • Related adviser · false to true
    Jan 6, 2026 to Mar 31, 2026
  • Accounts · 590 to 719
    Dec 20, 2024 to Mar 31, 2025
  • Advisory employees · 35 to 30
    Dec 20, 2024 to Mar 31, 2025
  • Charity clients · 15 to 10
    Dec 20, 2024 to Mar 31, 2025
  • Corporate clients · 5.0 to unset
    Dec 20, 2024 to Mar 31, 2025
  • HNW clients · 57 to 61
    Dec 20, 2024 to Mar 31, 2025
  • Pooled vehicle clients · 46 to 56
    Dec 20, 2024 to Mar 31, 2025
  • Assets in custody · $1.9B to $445M
    Dec 20, 2024 to Mar 31, 2025
  • Employees · 49 to 43
    Dec 20, 2024 to Mar 31, 2025
  • Financial planning clients · 26-50 to 51-100
    Dec 20, 2024 to Mar 31, 2025
  • State-registered IARs · 23 to 10
    Dec 20, 2024 to Mar 31, 2025
  • Other offices · 9 to 11
    Dec 20, 2024 to Mar 31, 2025
  • Private funds · 45 to 56
    Dec 20, 2024 to Mar 31, 2025
  • Discretionary RAUM · $4.9B to $6.6B
    Dec 20, 2024 to Mar 31, 2025
  • HNW RAUM · $791M to $1.3B
    Dec 20, 2024 to Mar 31, 2025
  • Individual RAUM · 251503.0 to unset
    Dec 20, 2024 to Mar 31, 2025
  • Pooled vehicle RAUM · $2.7B to $4.0B
    Dec 20, 2024 to Mar 31, 2025
  • RAUM · $4.9B to $6.6B
    Dec 20, 2024 to Mar 31, 2025
  • Accounts · 579 to 590
    Feb 9, 2024 to Mar 30, 2024
  • Advisory employees · 25 to 35
    Feb 9, 2024 to Mar 30, 2024
  • Advisory activities · 4 to 5
    Feb 9, 2024 to Mar 30, 2024
  • Charity clients · 9 to 15
    Feb 9, 2024 to Mar 30, 2024
  • Corporate clients · unset to 5.0
    Feb 9, 2024 to Mar 30, 2024
  • HNW clients · 47 to 57
    Feb 9, 2024 to Mar 30, 2024
  • Pooled vehicle clients · 40 to 46
    Feb 9, 2024 to Mar 30, 2024
  • Assets in custody · $542M to $1.9B
    Feb 9, 2024 to Mar 30, 2024
Signals
30 dated events
  • C••••••• G••••• L•• reported RAUM $9.8B, up 50% from $6.6B (2026-01-06 to 2026-03-31)
    Mar 31, 2026 · RAUM change · derived
  • G••• P•••• S••• left C••••••• G••••• L•• for C••••••• P•••••••• A••••••• L•• (registered 2025-10-14)
    Oct 14, 2025 · Advisor changed firm · fact
  • E•••••••• M• S••••• left C••••••• G••••• L•• for C••••••• P•••••••• A••••••• L•• (registered 2025-10-14)
    Oct 14, 2025 · Advisor changed firm · fact
  • C•••••• J••• C•••••• left C••••••• G••••• L•• for C••••••• P•••••••• A••••••• L•• (registered 2025-10-09)
    Oct 8, 2025 · Advisor changed firm · fact
  • 2 advisors left C••••••• G••••• L•• (New York, NY) for C••••••• P•••••••• A••••••• L•• within 6 days
    Oct 8, 2025 · Team lift-out · derived
  • W•••••• E• M••••••• left C••••••• G••••• L•• for C••••••• P•••••••• A••••••• L•• (registered 2025-10-14)
    Oct 7, 2025 · Advisor changed firm · fact
  • J•••• M••••• C••• left C••••••• G••••• L•• for C••••••• P•••••••• A••••••• L•• (registered 2025-10-07)
    Oct 7, 2025 · Advisor changed firm · fact
  • 2 advisors left C••••••• G••••• L•• (Salt Lake City, UT) for C••••••• P•••••••• A••••••• L•• within 7 days
    Oct 7, 2025 · Team lift-out · derived
  • W•••••• I•••• W•••••• left C••••••• G••••• L•• for C••••••• P•••••••• A••••••• L•• (registered 2026-07-09)
    Aug 22, 2025 · Advisor changed firm · fact
  • C••••••• G••••• L•• reported RAUM $6.6B, up 35% from $4.9B (2024-12-20 to 2025-03-31)
    Mar 31, 2025 · RAUM change · derived
  • C••••••• G••••• L•• reported 10 state-registered advisory representatives, down from 23 (2024-12-20 to 2025-03-31)
    Mar 31, 2025 · Advisor headcount change · derived
  • R•••••• A• P•••• left C••••••• G••••• L•• for M•••••• C•••••• L•• (registered 2025-03-05)
    Feb 13, 2025 · Advisor changed firm · fact
  • C••••••• G••••• L•• reported RAUM $4.9B, up 27% from $3.8B (2024-02-09 to 2024-03-30)
    Mar 30, 2024 · RAUM change · derived
  • C••••••• G••••• L•• reported 23 state-registered advisory representatives, up from 11 (2024-02-09 to 2024-03-30)
    Mar 30, 2024 · Advisor headcount change · derived
  • Keith Randal Quarles (Chairman) appeared on Schedule A of C••••••• G••••• L••
    Mar 30, 2024 · Control person joined · fact
  • C••••••• G••••• L•• reported RAUM $3.8B, up 52% from $2.5B (2023-07-06 to 2023-11-02)
    Nov 2, 2023 · RAUM change · derived
  • E••••• H•••••• S•••••• (Managing Director/Member) no longer on Schedule A of C••••••• G••••• L•• (listed 2023-07-06, absent 2023-11-02)
    Nov 2, 2023 · Control person left · inference
  • Keith R•••••• Taylor (Managing Director/Member) no longer on Schedule A of C••••••• G••••• L•• (listed 2023-07-06, absent 2023-11-02)
    Nov 2, 2023 · Control person left · inference
  • 3 advisors left S•• W••••• (New York, NY) for C••••••• G••••• L•• within 6 days
    Apr 25, 2023 · Team lift-out · derived
  • C••••••• G••••• L•• reported 11 offices beyond its principal office, up from 1 (2023-03-31 to 2023-04-10)
    Apr 10, 2023 · Office count change · derived
  • H•••••• E••••• S•••••• left C••••••• G••••• L•• for C••••••• A••••••• (registered 2016-08-02)
    Dec 31, 2022 · Advisor changed firm · fact
  • R•••••• K•••• T••••• left C••••••• G••••• L•• for C••••••• A••••••• (registered 2016-08-02)
    Dec 31, 2022 · Advisor changed firm · fact
  • 2 advisors left C••••••• G••••• L•• (Salt Lake City, UT) for C••••••• A••••••• on the same day
    Dec 31, 2022 · Team lift-out · derived
  • C••••••• G••••• L•• reported RAUM $2.3B, up 32% from $1.7B (2021-09-03 to 2022-03-31)
    Mar 31, 2022 · RAUM change · derived
  • Masami Sophia Dicaro (Chief Compliance Officer) no longer on Schedule A of C••••••• G••••• L•• (listed 2020-09-30, absent 2021-02-01)
    Feb 1, 2021 · Control person left · inference
  • Grant R•••••• Lee (Chief Financial Officer) appeared on Schedule A of C••••••• G••••• L••
    Sep 30, 2020 · Control person joined · fact
  • C••••••• G••••• L•• reported RAUM $1.6B, up 34% from $1.2B (2019-06-29 to 2020-01-31)
    Jan 31, 2020 · RAUM change · derived
  • C••••••• G••••• L•• reported RAUM $1.1B, up 48% from $752.3M (2018-12-21 to 2019-03-29)
    Mar 29, 2019 · RAUM change · derived
  • C••••••• G••••• L•• reported RAUM $752.3M, up 134% from $321.1M (2018-04-30 to 2018-12-21)
    Dec 21, 2018 · RAUM change · derived
  • C••••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
    Dec 7, 2015 · 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 phone
801-521-3100reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/the-cynosure-groupreportedpublic record, Form ADV, Sep 18, 2026
Website
Cynosureelevations.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
801-521-3100reportedpublic record, Form ADV, Jul 13, 2026
Contact form
Cynosureelevations.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
Team page
Cynosureelevations.com/teamreportedpublished by the firm, firm site, Sep 15, 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
$657Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026
Across the graphs

C••••••• G••••• L•• is the same institution as 1 record in Real Estate Funds.

Real Estate Funds1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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