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•••••• L••
Latest filing Apr 9, 2026
First filing on the tape Dec 6, 2020 · 13 filings
SEC status approved since Jan 6, 2021
RAUM
$354M
reported, Item 5.F
Discretionary
75%
of RAUM
Private clients
5.0%
$17.8M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$88.6M
derived; firm RAUM over IAPD count
Employees
5
5 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$354M as of Apr 9, 2026
Mar 2, 2021$106M then
HNW client RAUM$15.6M as of Apr 9, 2026
Mar 2, 2021$12.4M then
State-registered IARs (5.B.3)5 as of Apr 9, 2026
Mar 2, 20212 then
Employees (5.A)5 as of Apr 9, 2026
Mar 2, 20212 then
Private funds: 1
RAUM n/a over the last fiscal year+36% a year over three
Practice profile
derived from the filing of Apr 9, 2026; every figure names its basis
Archetypes, each a printed rule
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $88.6MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 6derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.1MderivedHNW RAUM over HNW clients
- Average account
- $3.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 75%derivedof RAUM
- Institutional
- 28%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 2.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, pension consulting, selection of other advisers, otherreportedItem 5.G
- Custody
- $13.4M, 4 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$230M65%
- Pension and profit-sharing plans$97.0M27%
- High-net-worth individuals$15.6M4.4%
- Other investment advisers$6.8M1.9%
- Charitable organizations$2.3M0.6%
- Individuals$2.2M0.6%
- Corporations and businesses$1,1290.0%
- Individual clients
- 11reported
- HNW clients
- 14reported
- Pension plan clients
- 9reported
- Charitable clients
- 2reported
- Accounts
- 102reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $13.4M for 4 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.05 fund_share=0.67 institutional_share=0.28 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| W•••••• H•••••• D•••• | Boston, Ma | Jul 27, 2016 | 16 y | 2 |
| K••• K•••• B••••••••• | Boston, Ma | Oct 15, 2020 | 11 y | 0 |
| A••••• K••• N•••••• | Boston, Ma | May 29, 2026 | 10 y | 1 |
| V•••• L••• B••••••• | Bethesda, Md | Jun 22, 2026 | 42 y | 1 |
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- V•••• L••• B••••••• from K••••• B••• C••••••• L••Jun 22, 2026 · Other
- A••••• K••• N•••••• from K••••• B••• C••••••• L••May 29, 2026 · Other
- W•••••• H•••••• D•••• from E•••••••• A•••• M••••••••• L••Jul 27, 2016 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from K••••• B••• C••••••• L••Jun 28, 2024 · Bethesda, Md
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| S••••• F••••• L•• | Hedge Fund | $1.4M | 0 | Nov 1, 2012 |
Owners and control persons
Schedule A and B, latest filing
- A••••••• J••••• A••• · Chief Compliance Officercontrolsince 02/2023 · owns less than 5%
- B••••••••• K•••• K•••• · Managing Partnercontrolsince 06/2020 · owns 10% to 25%
- D••••• W••••••• H•••••• · Managing Membercontrolsince 05/2016 · owns 75% or more
- D••••• W••••••• H•••••• · T••••••controlsince 12/1993 · owns 75% or more of 1993 C•••••• Trust U/A 12/31/93 W•••••• H D•••• T•••••• Fbo C•••••• B. P. D••••
- D••••• W••••••• H•••••• · T••••••controlsince 03/1996 · owns 75% or more of 1••• C•••••• T•••• U•• 0••••••• W•••••• H• D•••• T•••••• F•• O••••• C• D••••
- D••••• W••••••• H•••••• · T••••••controlsince 12/1993 · owns 75% or more of 1••• C•••••• T•••• U•• 1••••••• W•••••• H• D•••• T•••••• F•• H•••••• H• D••••
- D••••• W••••••• H•••••• · T••••••controlsince 12/1993 · owns 75% or more of 1••• C•••••• T•••• U•• 1••••••• W•••••• H• D•••• T•••••• F•• B••••••• T• D••••
Entity owners
- 1••• C•••••• T•••• U•• 1••••••• W•••••• H• D•••• T•••••• F•• B••••••• T• D•••• · Memberdirect · owns 5% to 10%
- 1••• C•••••• T•••• U•• 1••••••• W•••••• H• D•••• T•••••• F•• C•••••• B• P• D•••• · Memberdirect · owns 5% to 10%
- 1••• C•••••• T•••• U•• 1••••••• W•••••• H• D•••• T•••••• F•• H•••••• H• D•••• · Memberdirect · owns 5% to 10%
- 1••• C•••••• T•••• U•• 0••••••• W•••••• H• D•••• T•••••• F•• O••••• C• D•••• · Memberdirect · owns 5% to 10%
Related persons
Schedule D 7.A
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Boston, Ma · principal | 4 | 2 | 0 | ||
| Bethesda, Md | 2 | 2 | 0 |
Offices
Schedule D 1.F, the 25 largest
- New York, NY1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- high institutional concentrationStatic outlier · filing Apr 9, 2026institutional share of RAUM of 28% against a peer median of 0% (1568 comparable advisers, 99.0th percentile, 9.4 robust deviations)peers: asset managers, $100M to $500M (1,568) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 109 to 102May 1, 2025 to Mar 31, 2026
- Advisory employees · 2 to 5May 1, 2025 to Mar 31, 2026
- Corporate clients · 0 to 1May 1, 2025 to Mar 31, 2026
- Individual clients · 12 to 11May 1, 2025 to Mar 31, 2026
- Pension plan clients · 10 to 9May 1, 2025 to Mar 31, 2026
- Assets in custody · $8.2M to $13.4MMay 1, 2025 to Mar 31, 2026
- Employees · 3 to 5May 1, 2025 to Mar 31, 2026
- State-registered IARs · 2 to 5May 1, 2025 to Mar 31, 2026
- Discretionary RAUM · $156M to $265MMay 1, 2025 to Mar 31, 2026
- HNW RAUM · $15.3M to $15.6MMay 1, 2025 to Mar 31, 2026
- Individual RAUM · $2.7M to $2.2MMay 1, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $72.7M to $89.1MMay 1, 2025 to Mar 31, 2026
- Pension RAUM · $80.3M to $97.0MMay 1, 2025 to Mar 31, 2026
- RAUM · $228M to $354MMay 1, 2025 to Mar 31, 2026
- Accounts · 111 to 109May 31, 2024 to May 1, 2025
- Charity clients · 1 to 2May 31, 2024 to May 1, 2025
- Corporate clients · unset to 0.0May 31, 2024 to May 1, 2025
- Individual clients · 11 to 12May 31, 2024 to May 1, 2025
- Pooled vehicle clients · 1 to 0May 31, 2024 to May 1, 2025
- Assets in custody · $4.2M to $8.2MMay 31, 2024 to May 1, 2025
- Financial planning clients · 0 to 0May 31, 2024 to May 1, 2025
- Private funds · 1 to unsetMay 31, 2024 to May 1, 2025
- Discretionary RAUM · $128M to $156MMay 31, 2024 to May 1, 2025
- HNW RAUM · $20.9M to $15.3MMay 31, 2024 to May 1, 2025
- Individual RAUM · $3.4M to $2.7MMay 31, 2024 to May 1, 2025
- Non-discretionary RAUM · $58.4M to $72.7MMay 31, 2024 to May 1, 2025
- Pension RAUM · $65.3M to $80.3MMay 31, 2024 to May 1, 2025
- Pooled vehicle RAUM · $1.4M to $0May 31, 2024 to May 1, 2025
- RAUM · $187M to $228MMay 31, 2024 to May 1, 2025
- Other offices · 0 to 1May 13, 2024 to May 31, 2024
- Accounts · 120 to 111Aug 16, 2023 to Mar 27, 2024
- Advisory activities · 4 to 6Aug 16, 2023 to Mar 27, 2024
- Charity clients · unset to 1.0Aug 16, 2023 to Mar 27, 2024
- Individual clients · 12 to 11Aug 16, 2023 to Mar 27, 2024
- Pension plan clients · 12 to 10Aug 16, 2023 to Mar 27, 2024
- Pooled vehicle clients · unset to 1.0Aug 16, 2023 to Mar 27, 2024
- Assets in custody · $10.0M to $4.2MAug 16, 2023 to Mar 27, 2024
- Financial planning clients · unset to 0Aug 16, 2023 to Mar 27, 2024
- Discretionary RAUM · $92.5M to $128MAug 16, 2023 to Mar 27, 2024
- HNW RAUM · $14.5M to $20.9MAug 16, 2023 to Mar 27, 2024
Signals
4 dated events
- S••••• C•••••• L•• reported RAUM $354.2M, up 55% from $228.4M (2025-05-01 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- 2 advisors left K••••• B••• C••••••• L•• (Bethesda, MD) for S••••• C•••••• L•• on the same dayJun 28, 2024 · Team lift-out · derived
- Alec Jason Aronson (Chief Compliance Officer) appeared on Schedule A of S••••• C•••••• L••Feb 27, 2023 · Control person joined · fact
- S••••• C•••••• L•• filed its initial SEC registration (Form ADV)Dec 6, 2020 · 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
- S•••••CAP.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 617-875-1062reportedpublic record, Form ADV, Apr 9, 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
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $88.6Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026