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Former SEC-registered adviser

P•••• R•••• C••••••• L••

Former SEC-registered adviserNiles, MichiganCRD 284808SEC 801-121442IAPD
Latest filing Mar 28, 2024
First filing on the tape May 10, 2021 · 4 filings
RAUM
$719M
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
11
9 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
4 filings and snapshots on the tape
RAUM$719M as of Mar 28, 2024
Mar 14, 2022$447M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 28, 2024
Mar 14, 20220 then
Employees (5.A)11 as of Mar 28, 2024
Mar 14, 20228 then
Private funds: no history
RAUM +10% over the last fiscal yearIARs 0 to 0offices 4 to 0
Practice profile
derived from the filing of Mar 28, 2024; every figure names its basis
RAUM per advisor
unknownderivedRAUM 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
$180MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+10%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$719M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
fixed, 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
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • J•••••••• B•••••• S••••• · Chief Compliance Officer & Chief Investment Officercontrol
        since 06/2016 · owns less than 5%
      • J•••••••• B•••••• S••••• · Ownercontrol
        since 06/2016 · owns 75% or more of P•• H•••••••• I•••
      • S••••• B••••• R• · Ownercontrol
        since 05/2017 · owns 75% or more of B•••• S•••• F••••• H•••••••• I•••
      Entity owners
      • B•••• S•••• F••••• H•••••••• I••• · Member
        direct · owns 25% to 50%
      • P•• H•••••••• I••• · Managing Member
        direct · owns 50% to 75%
      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
      • Advisory employees · 7 to 9
        Mar 1, 2023 to Mar 28, 2024
      • Other offices · 4 to 0
        Mar 1, 2023 to Mar 28, 2024
      • Discretionary RAUM · $652M to $719M
        Mar 1, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $652M to $719M
        Mar 1, 2023 to Mar 28, 2024
      • RAUM · $652M to $719M
        Mar 1, 2023 to Mar 28, 2024
      • Employees · 8 to 11
        Mar 14, 2022 to Mar 1, 2023
      • Discretionary RAUM · $447M to $652M
        Mar 14, 2022 to Mar 1, 2023
      • Pooled vehicle RAUM · $447M to $652M
        Mar 14, 2022 to Mar 1, 2023
      • RAUM · $447M to $652M
        Mar 14, 2022 to Mar 1, 2023
      • Accounts · 3 to 4
        May 10, 2021 to Mar 14, 2022
      • Advisory employees · 6 to 7
        May 10, 2021 to Mar 14, 2022
      • Pooled vehicle clients · 3 to 4
        May 10, 2021 to Mar 14, 2022
      • Employees · 6 to 8
        May 10, 2021 to Mar 14, 2022
      • HQ city · unset to NILES
        May 10, 2021 to Mar 14, 2022
      • HQ state · unset to MI
        May 10, 2021 to Mar 14, 2022
      • Other offices · 0 to 4
        May 10, 2021 to Mar 14, 2022
      • Discretionary RAUM · $357M to $447M
        May 10, 2021 to Mar 14, 2022
      • Pooled vehicle RAUM · $357M to $447M
        May 10, 2021 to Mar 14, 2022
      • RAUM · $357M to $447M
        May 10, 2021 to Mar 14, 2022
      Signals
      2 dated events
      • P•••• R•••• C••••••• L•• reported RAUM $652.3M, up 46% from $446.8M (2022-03-14 to 2023-03-01)
        Mar 1, 2023 · RAUM change · derived
      • P•••• R•••• C••••••• L•• filed its initial SEC registration (Form ADV)
        May 10, 2021 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      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