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•••• • C•••••••• L••

Former SEC-registered adviserBerwyn, PennsylvaniaCRD 285068SEC 801-108325websiteIAPD
Latest filing Nov 21, 2024
First filing on the tape Aug 24, 2016 · 23 filings
SEC status approved since Sep 1, 2016
RAUM
$407M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$407M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$407M as of Jan 23, 2024
Mar 2, 2017$271M then
HNW client RAUM$340M as of Jan 23, 2024
Feb 14, 2018$172M then
State-registered IARs (5.B.3)2 as of Jan 23, 2024
Mar 2, 20172 then
Employees (5.A)3 as of Jan 23, 2024
Mar 2, 20174 then
Private funds: no history
RAUM +12% over the last fiscal year+2.5% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Nov 21, 2024; every figure names its basis
RAUM per advisor
$204MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
119derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.9MderivedHNW RAUM over HNW clients
Average account
$465,391derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
0.7derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+12%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-11%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Custody
$125M, 149 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
  • High-net-worth individuals$340M84%
  • Individuals$66.7M16%
Individual clients
121reported
HNW clients
116reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
875reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$125M for 149 clientsreported
Compensation
% of AUMreported
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
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • C•••••••• S••••••• N••• · Member And Chief Compliance Officercontrol
    since 08/2016 · owns less than 5%
  • K••••• H•••••• A••••• · Member And Chief Investment Officercontrol
    since 08/2016 · owns less than 5%
Entity owners
  • M••••• G••••• A••••••• I••• · Parent Company
    direct · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Advisers that list K•••• • C•••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Berwyn, Pa · principal000
Boca Raton, Fl000
Offices
Schedule D 1.F, the 25 largest
  • , 1 employees
What changed
consecutive filings, newest first
  • Employees · 3 to 2
    Jan 23, 2024 to Oct 16, 2024
  • Accounts · 889 to 875
    Feb 10, 2023 to Jan 23, 2024
  • HNW clients · 150 to 116
    Feb 10, 2023 to Jan 23, 2024
  • Individual clients · 116 to 121
    Feb 10, 2023 to Jan 23, 2024
  • Assets in custody · $42.3M to $125M
    Feb 10, 2023 to Jan 23, 2024
  • Discretionary RAUM · $363M to $407M
    Feb 10, 2023 to Jan 23, 2024
  • HNW RAUM · $298M to $340M
    Feb 10, 2023 to Jan 23, 2024
  • Individual RAUM · $64.4M to $66.7M
    Feb 10, 2023 to Jan 23, 2024
  • RAUM · $363M to $407M
    Feb 10, 2023 to Jan 23, 2024
  • Accounts · 824 to 889
    Nov 4, 2022 to Feb 9, 2023
  • HNW clients · 146 to 150
    Nov 4, 2022 to Feb 9, 2023
  • Individual clients · 83 to 116
    Nov 4, 2022 to Feb 9, 2023
  • Assets in custody · $32.0M to $42.3M
    Nov 4, 2022 to Feb 9, 2023
  • Financial planning clients · 101-250 to 0
    Nov 4, 2022 to Feb 9, 2023
  • Discretionary RAUM · $421M to $363M
    Nov 4, 2022 to Feb 9, 2023
  • HNW RAUM · $383M to $298M
    Nov 4, 2022 to Feb 9, 2023
  • Individual RAUM · $38.3M to $64.4M
    Nov 4, 2022 to Feb 9, 2023
  • RAUM · $421M to $363M
    Nov 4, 2022 to Feb 9, 2023
  • HQ city · RADNOR to BERWYN
    Mar 3, 2022 to Jul 6, 2022
  • Accounts · 875 to 824
    Jan 27, 2021 to Mar 2, 2022
  • HNW clients · 126 to 146
    Jan 27, 2021 to Mar 2, 2022
  • Individual clients · 114 to 83
    Jan 27, 2021 to Mar 2, 2022
  • Assets in custody · $17.8M to $32.0M
    Jan 27, 2021 to Mar 2, 2022
  • Employees · 2 to 3
    Jan 27, 2021 to Mar 2, 2022
  • Financial planning clients · 0 to 101-250
    Jan 27, 2021 to Mar 2, 2022
  • Other offices · 1 to 2
    Jan 27, 2021 to Mar 2, 2022
  • Discretionary RAUM · $378M to $421M
    Jan 27, 2021 to Mar 2, 2022
  • HNW RAUM · $320M to $383M
    Jan 27, 2021 to Mar 2, 2022
  • Individual RAUM · $58.4M to $38.3M
    Jan 27, 2021 to Mar 2, 2022
  • RAUM · $378M to $421M
    Jan 27, 2021 to Mar 2, 2022
  • Accounts · 864 to 875
    Jun 26, 2020 to Jan 26, 2021
  • HNW clients · 100 to 126
    Jun 26, 2020 to Jan 26, 2021
  • Individual clients · 151 to 114
    Jun 26, 2020 to Jan 26, 2021
  • Assets in custody · $10.3M to $17.8M
    Jun 26, 2020 to Jan 26, 2021
  • Other offices · 0 to 1
    Jun 26, 2020 to Jan 26, 2021
  • Discretionary RAUM · $335M to $378M
    Jun 26, 2020 to Jan 26, 2021
  • HNW RAUM · $264M to $320M
    Jun 26, 2020 to Jan 26, 2021
  • Individual RAUM · $71.2M to $58.4M
    Jun 26, 2020 to Jan 26, 2021
  • RAUM · $335M to $378M
    Jun 26, 2020 to Jan 26, 2021
  • Accounts · 880 to 864
    Feb 21, 2019 to Jan 27, 2020
Signals
4 dated events
  • K•••• • C•••••••• L•• no longer on the SEC adviser roster (last listed 2025-01-02, RAUM $407.2M)
    Feb 3, 2025 · Left the SEC roster · derived
  • H••••• A••••• K•••• left K•••• • C•••••••• L•• for M••••• G••••• A••••••• I••• (registered 2024-10-30)
    Jan 27, 2025 · Advisor changed firm · fact
  • S•••••• N••• C••••••• left K•••• • C•••••••• L•• for M••••• G••••• A••••••• I••• (registered 2024-10-25)
    Jan 27, 2025 · Advisor changed firm · fact
  • K•••• • C•••••••• L•• filed its initial SEC registration (Form ADV)
    Aug 24, 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.
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