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

K• A•••••••• L•••••

Former SEC-registered adviserStamford, ConnecticutCRD 284891SEC 801-110100IAPD
Latest filing Feb 24, 2021
First filing on the tape Feb 28, 2017 · 13 filings
RAUM
$1.4B
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
0
0 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$1.4B as of Dec 23, 2020
Dec 26, 2017$132M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Dec 23, 2020
Dec 26, 20170 then
Employees (5.A)0 as of Dec 23, 2020
Dec 26, 20170 then
Private funds: no history
RAUM +61% over the last fiscal year+119% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Feb 24, 2021; 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
$80.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
58%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
+61%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
performance-basedreportedItem 5.E
Advisory activities
otherreportedItem 5.G
Custody
$142M, 6 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)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$791M58%
  • Pooled investment vehicles$582M42%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
17reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$142M for 6 clientsreported
Compensation
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
      • C•••••••• S••••• J••••• · Senior Managing Director, Alternative Strategiescontrol
        since 12/2020 · owns less than 5%
      • D••••• B••••• A•••••• · Chief Compliance Officer
        since 01/2011 · owns less than 5%
      Entity owners
      • K• A••••••• H•••••••• L•• · 100% Owner
        direct · owns 75% or more
      • F••••••• R••••••••• I••• · Parent Organization: 100%
        indirect · owns 75% or more of F••••••• T•••••••• I••••••••• L•• · public reporting company
      • F••••••• T•••••••• I••••••••• L•• · Majority Owner
        indirect · owns 75% or more of K• A••••••• H•••••••• L••
      Related persons
      Schedule D 7.A
      Advisers that list K• A•••••••• L••••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 21 to 17
        Apr 17, 2020 to Dec 23, 2020
      • Pooled vehicle clients · 20 to 16
        Apr 17, 2020 to Dec 23, 2020
      • Discretionary RAUM · $853M to $1.4B
        Apr 17, 2020 to Dec 23, 2020
      • Pooled vehicle RAUM · $273M to $582M
        Apr 17, 2020 to Dec 23, 2020
      • RAUM · $853M to $1.4B
        Apr 17, 2020 to Dec 23, 2020
      • Accounts · 6 to 21
        Oct 1, 2019 to Dec 23, 2019
      • Pooled vehicle clients · 6 to 20
        Oct 1, 2019 to Dec 23, 2019
      • Discretionary RAUM · $142M to $853M
        Oct 1, 2019 to Dec 23, 2019
      • Pooled vehicle RAUM · $142M to $273M
        Oct 1, 2019 to Dec 23, 2019
      • RAUM · $142M to $853M
        Oct 1, 2019 to Dec 23, 2019
      • Assets in custody · $131M to $142M
        Apr 30, 2018 to Dec 26, 2018
      • Discretionary RAUM · $132M to $142M
        Apr 30, 2018 to Dec 26, 2018
      • Pooled vehicle RAUM · $132M to $142M
        Apr 30, 2018 to Dec 26, 2018
      • RAUM · $132M to $142M
        Apr 30, 2018 to Dec 26, 2018
      • Accounts · 12 to 6
        Feb 28, 2017 to Dec 26, 2017
      • Pooled vehicle clients · unset to 6.0
        Feb 28, 2017 to Dec 26, 2017
      • Assets in custody · $180M to $131M
        Feb 28, 2017 to Dec 26, 2017
      • Other offices · unset to 0.0
        Feb 28, 2017 to Dec 26, 2017
      • Discretionary RAUM · $774M to $132M
        Feb 28, 2017 to Dec 26, 2017
      • Pooled vehicle RAUM · unset to 131547974.0
        Feb 28, 2017 to Dec 26, 2017
      • RAUM · $774M to $132M
        Feb 28, 2017 to Dec 26, 2017
      Signals
      7 dated events
      • K• A•••••••• L••••• reported RAUM $1.4B, up 61% from $852.6M (2020-04-17 to 2020-12-23)
        Dec 23, 2020 · RAUM change · derived
      • Sterling Madison Gulley (Executive Vice President - Alternative Strategies) no longer on Schedule A of K• A•••••••• L••••• (listed 2020-04-17, absent 2020-12-23)
        Dec 23, 2020 · Control person left · inference
      • Joseph Shane Clifford (Senior Managing Director, Alternative Strategies) appeared on Schedule A of K• A•••••••• L•••••
        Dec 23, 2020 · Control person joined · fact
      • K• A•••••••• L••••• reported RAUM $852.6M, up 499% from $142.4M (2019-10-01 to 2019-12-23)
        Dec 23, 2019 · RAUM change · derived
      • Charles David Saunders (Director) no longer on Schedule A of K• A•••••••• L••••• (listed 2019-02-20, absent 2019-04-10)
        Apr 10, 2019 · Control person left · inference
      • Sterling Madison Gulley (Executive Vice President - Alternative Strategies) appeared on Schedule A of K• A•••••••• L•••••
        Apr 10, 2019 · Control person joined · fact
      • K• A•••••••• L••••• filed its initial SEC registration (Form ADV)
        Feb 28, 2017 · 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