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
P•••• C•••••• M••••••••• L••
Latest filing Mar 30, 2026
First filing on the tape Feb 11, 2016 · 11 filings
SEC status approved since Aug 10, 2023
RAUM
$1.5B
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$220M
derived; firm RAUM over IAPD count
Employees
14
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$1.5B as of Mar 30, 2026
Mar 27, 2024$1.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)6 as of Mar 30, 2026
Mar 27, 20247 then
Employees (5.A)14 as of Mar 30, 2026
Mar 27, 202415 then
Private funds: no history
RAUM +13% over the last fiscal yearIARs 7 to 6
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
- RAUM per advisor
- $220MderivedRAUM 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
- $4.4MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 0.0%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 7.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%derivedbetween the last two annual amendments
- Advisor growth, one year
- -14%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, hourly, otherreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, selection of other advisersreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Other investment advisers$111M62%
- Investment companies$67.5M38%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 350reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.0 fund_share=0.12 institutional_share=0.0 related_bd=false related_bank=false bd_reps=7.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| L•••• S•••• M•••••••••Certified Financial Planner | Newport Beach, Ca | Dec 31, 1997 | 44 y | 1 |
| E•••• D••••• P•••• | Newport Beach, Ca | Oct 17, 2002 | 39 y | 3 |
| C••• E••••• K•••• | Newport Beach, Ca | Dec 22, 2009 | 22 y | 1 |
| A•• R•••••• A••• | Newport Beach, Ca | Jul 12, 2013 | 14 y | 1 |
| I•• V••••• | Newport Beach, Ca | Jul 10, 2018 | 10 y | 1 |
| R••••• R•••• R•••• | Newport Beach, Ca | Jun 23, 2021 | 10 y | 1 |
| G•••••• B••••• | Newport Beach, Ca | Sep 16, 2025 | 17 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
- L•••••••• R•••••• H•••• to C••••• A••••••• L••Mar 4, 2018 · Other
Joined, latest
- C••• E••••• K•••• from P•••• W••••• M••••••••• I•••Jan 3, 2023 · Other
- R••••• R•••• R•••• from P•••• W••••• M••••••••• I•••Jan 3, 2023 · Other
- I•• V••••• from P•••• W••••• M••••••••• I•••Apr 12, 2021 · Other
- L•••• S•••• M••••••••• from P•••• W••••• M••••••••• I•••Jun 8, 2016 · Other
- E•••• D••••• P•••• from P•••• W••••• M••••••••• I•••Mar 16, 2016 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 5 joined from P•••• W••••• M••••••••• I•••Dec 4, 2023 · Newport Beach, Ca
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- M••••••••• L••••• S•••• · Membercontrolsince 12/2015 · owns 50% to 75%
- P••••• E••••• D••••• · Managing Member/Chief Compliance Officercontrolsince 12/2015 · owns 50% to 75%
Related persons
Schedule D 7.A
- P•••• I•••••••• C•••••real estatey
- P•••• R••• E•••••• I•••investment companyn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Newport Beach, Ca · principal | 7 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Mar 30, 2026discretionary share of RAUM of 0% against a peer median of 100% (247 comparable advisers, 0.0th percentile, 33.7 robust deviations)peers: other advisers, $1B to $5B (247) · 0.0% percentile
What changed
consecutive filings, newest first
- Accounts · 315 to 350Jan 5, 2026 to Mar 30, 2026
- Advisory employees · 12 to 8Jan 5, 2026 to Mar 30, 2026
- Employees · 17 to 14Jan 5, 2026 to Mar 30, 2026
- Insurance-licensed employees · 7 to 6Jan 5, 2026 to Mar 30, 2026
- State-registered IARs · 7 to 6Jan 5, 2026 to Mar 30, 2026
- Non-discretionary RAUM · $1.7B to $1.5BJan 5, 2026 to Mar 30, 2026
- RAUM · $1.7B to $1.5BJan 5, 2026 to Mar 30, 2026
- Accounts · 14 to 315Mar 27, 2025 to Jan 5, 2026
- Non-discretionary RAUM · $1.4B to $1.7BMar 27, 2025 to Jan 5, 2026
- RAUM · $1.4B to $1.7BMar 27, 2025 to Jan 5, 2026
- Accounts · 24 to 14Jun 13, 2024 to Mar 27, 2025
- Advisory activities · 3 to 2Jun 13, 2024 to Mar 27, 2025
- Employees · 15 to 17Jun 13, 2024 to Mar 27, 2025
- Financial planning clients · unset to Jun 13, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $1.1B to $1.4BJun 13, 2024 to Mar 27, 2025
- RAUM · $1.1B to $1.4BJun 13, 2024 to Mar 27, 2025
- Accounts · 28 to 24Jul 12, 2023 to Mar 27, 2024
- Advisory employees · 3 to 12Jul 12, 2023 to Mar 27, 2024
- BD registered reps · 9 to 7Jul 12, 2023 to Mar 27, 2024
- Employees · 9 to 15Jul 12, 2023 to Mar 27, 2024
- Insurance-licensed employees · 6 to 7Jul 12, 2023 to Mar 27, 2024
- State-registered IARs · 6 to 7Jul 12, 2023 to Mar 27, 2024
- Non-discretionary RAUM · $1.0B to $1.1BJul 12, 2023 to Mar 27, 2024
- RAUM · $1.0B to $1.1BJul 12, 2023 to Mar 27, 2024
- Related adviser · true to falseJul 12, 2023 to Mar 27, 2024
- Accounts · 0 to 28Jun 29, 2016 to Jul 12, 2023
- Advisory employees · 2 to 3Jun 29, 2016 to Jul 12, 2023
- Advisory activities · 2 to 3Jun 29, 2016 to Jul 12, 2023
- BD registered reps · 2 to 9Jun 29, 2016 to Jul 12, 2023
- Employees · 2 to 9Jun 29, 2016 to Jul 12, 2023
- Insurance-licensed employees · 0 to 6Jun 29, 2016 to Jul 12, 2023
- State-registered IARs · 2 to 6Jun 29, 2016 to Jul 12, 2023
- Other offices · unset to 0.0Jun 29, 2016 to Jul 12, 2023
- Non-discretionary RAUM · $0 to $1.0BJun 29, 2016 to Jul 12, 2023
- RAUM · $0 to $1.0BJun 29, 2016 to Jul 12, 2023
- Advisory employees · 1 to 2Feb 11, 2016 to May 11, 2016
- BD registered reps · 0 to 2Feb 11, 2016 to May 11, 2016
- Employees · 1 to 2Feb 11, 2016 to May 11, 2016
- State-registered IARs · 1 to 2Feb 11, 2016 to May 11, 2016
Signals
5 dated events
- P•••• C•••••• M••••••••• L•• reported RAUM $1.7B, up 26% from $1.4B (2025-03-27 to 2026-01-05)Jan 5, 2026 · RAUM change · derived
- P•••• C•••••• M••••••••• L•• reported RAUM $1.4B, up 26% from $1.1B (2024-06-13 to 2025-03-27)Mar 27, 2025 · RAUM change · derived
- 5 advisors left P•••• W••••• M••••••••• I••• (Newport Beach, CA) for P•••• C•••••• M••••••••• L•• on the same dayDec 4, 2023 · Team lift-out · derived
- R Llewllyn Hayes (Chief Compliance Officer) no longer on Schedule A of P•••• C•••••• M••••••••• L•• (listed 2016-06-29, absent 2023-07-12)Jul 12, 2023 · Control person left · inference
- P•••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Feb 11, 2016 · 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.
How to reach
public business contact points only, each with its source
- Website
- P••••CAPITAL.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 949-660-8777reportedpublic record, Form ADV, Mar 30, 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
- $220Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026