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••••• A••••••••• L••

Independent wealth managerNew York, New YorkCRD 285275SEC 801-108418websiteIAPD
Latest filing Apr 7, 2026
First filing on the tape Sep 12, 2016 · 23 filings
SEC status approved since Sep 29, 2016
RAUM
$455M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
95%
$432M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$455M
derived; firm RAUM over IAPD count
Employees
3
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$455M as of Apr 7, 2026
Mar 9, 2017$360M then
HNW client RAUM$423M as of Apr 7, 2026
Feb 21, 2018$480M then
State-registered IARs (5.B.3)1 as of Apr 7, 2026
Mar 9, 20170 then
Employees (5.A)3 as of Apr 7, 2026
Mar 9, 20174 then
Private funds1 as of Apr 7, 2026
Feb 26, 20201 then
RAUM +20% over the last fiscal year+2.8% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Apr 7, 2026; every figure names its basis
Archetypes, each a printed rule
  • RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$455MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
109derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.6MderivedHNW RAUM over HNW clients
Average account
$2.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+1.9%derived
Compensation
percentage of assets, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisers, otherreportedItem 5.G
Custody
$152M, 23 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$423M93%
  • Pooled investment vehicles$23.3M5.1%
  • Individuals$9.4M2.1%
Individual clients
18reported
HNW clients
91reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
207reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$152M for 23 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.95 fund_share=0.05 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Y••• •••• H••••Chartered Financial AnalystNew York, NySep 14, 201718 y0
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 headcount1 left over 36 months
Joined, latest
none on the tape
    Private funds
    1 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    S••••• F•••• P•••••••• L•Hedge Fund$17.4M2Feb 26, 2020
    Owners and control persons
    Schedule A and B, latest filing
    • H••••• Y•••• •••• · President, Chief Compliance Officercontrol
      since 07/2016 · owns less than 5%
    • J•••••••• P••••• P• •• O•••• · Treasurer, Chief Operating Officercontrol
      since 07/2016 · owns less than 5%
    • H••••• Y•••• •••• · Limited Partnercontrol
      since 07/2016 · owns 50% to 75% of S••••• P•••••••• L•
    • J•••••••• P••••• P• •• O•••• · Limited Partnercontrol
      since 07/2016 · owns 25% to 50% of S••••• P•••••••• L•
    Entity owners
    • S••••• P•••••••• L• · Member
      direct · owns 75% or more
    • S••••• M••••••••• L•• · General Partner
      indirect · owns F of S••••• P•••••••• L•
    Related persons
    Schedule D 7.A
    • S••••• 2••• P•••••••• L••
      pooled vehicle sponsorn
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Miami, Fl000
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 213 to 207
      Mar 4, 2025 to Mar 19, 2026
    • HNW clients · 90 to 91
      Mar 4, 2025 to Mar 19, 2026
    • Individual clients · 17 to 18
      Mar 4, 2025 to Mar 19, 2026
    • Assets in custody · $128M to $152M
      Mar 4, 2025 to Mar 19, 2026
    • Discretionary RAUM · $380M to $455M
      Mar 4, 2025 to Mar 19, 2026
    • HNW RAUM · $355M to $423M
      Mar 4, 2025 to Mar 19, 2026
    • Individual RAUM · $6.4M to $9.4M
      Mar 4, 2025 to Mar 19, 2026
    • Pooled vehicle RAUM · $18.8M to $23.3M
      Mar 4, 2025 to Mar 19, 2026
    • RAUM · $380M to $455M
      Mar 4, 2025 to Mar 19, 2026
    • Accounts · 234 to 213
      Oct 17, 2024 to Mar 4, 2025
    • Charity clients · unset to 0.0
      Oct 17, 2024 to Mar 4, 2025
    • Corporate clients · unset to 0.0
      Oct 17, 2024 to Mar 4, 2025
    • HNW clients · 101 to 90
      Oct 17, 2024 to Mar 4, 2025
    • Individual clients · 21 to 17
      Oct 17, 2024 to Mar 4, 2025
    • Pension plan clients · unset to 0.0
      Oct 17, 2024 to Mar 4, 2025
    • Assets in custody · $115M to $128M
      Oct 17, 2024 to Mar 4, 2025
    • Financial planning clients · 0 to 0
      Oct 17, 2024 to Mar 4, 2025
    • Discretionary RAUM · $365M to $380M
      Oct 17, 2024 to Mar 4, 2025
    • HNW RAUM · $339M to $355M
      Oct 17, 2024 to Mar 4, 2025
    • Individual RAUM · $8.1M to $6.4M
      Oct 17, 2024 to Mar 4, 2025
    • Pooled vehicle RAUM · $17.4M to $18.8M
      Oct 17, 2024 to Mar 4, 2025
    • RAUM · $365M to $380M
      Oct 17, 2024 to Mar 4, 2025
    • Advisory employees · 2 to 1
      Jun 18, 2024 to Oct 17, 2024
    • Employees · 4 to 3
      Jun 18, 2024 to Oct 17, 2024
    • State-registered IARs · 2 to 1
      Jun 18, 2024 to Oct 17, 2024
    • Other offices · 1 to 0
      Jun 18, 2024 to Oct 17, 2024
    • Accounts · 248 to 234
      Mar 8, 2023 to Mar 8, 2024
    • Advisory employees · 3 to 2
      Mar 8, 2023 to Mar 8, 2024
    • Individual clients · 19 to 21
      Mar 8, 2023 to Mar 8, 2024
    • Assets in custody · $180M to $115M
      Mar 8, 2023 to Mar 8, 2024
    • Employees · 5 to 4
      Mar 8, 2023 to Mar 8, 2024
    • State-registered IARs · 3 to 2
      Mar 8, 2023 to Mar 8, 2024
    • Discretionary RAUM · $420M to $365M
      Mar 8, 2023 to Mar 8, 2024
    • HNW RAUM · $398M to $339M
      Mar 8, 2023 to Mar 8, 2024
    • Individual RAUM · $6.8M to $8.1M
      Mar 8, 2023 to Mar 8, 2024
    • Pooled vehicle RAUM · $15.3M to $17.4M
      Mar 8, 2023 to Mar 8, 2024
    • RAUM · $420M to $365M
      Mar 8, 2023 to Mar 8, 2024
    • Accounts · 260 to 248
      Mar 16, 2022 to Mar 8, 2023
    • HNW clients · 104 to 101
      Mar 16, 2022 to Mar 8, 2023
    • Individual clients · 16 to 19
      Mar 16, 2022 to Mar 8, 2023
    Signals
    5 dated events
    • Daniel Francois Sicart (Chairman) no longer on Schedule A of S••••• A••••••••• L•• (listed 2024-06-18, absent 2024-10-17)
      Oct 17, 2024 · Control person left · inference
    • B•••••• K•••••••• B••••••••• left S••••• A••••••••• L•• for B••• I•••••••• C••••••• L•• (registered 2024-02-29)
      Mar 8, 2024 · Advisor changed firm · fact
    • Krzysztof Bogumil Baranowski (Secretary, Vice President) no longer on Schedule A of S••••• A••••••••• L•• (listed 2023-03-08, absent 2024-03-08)
      Mar 8, 2024 · Control person left · inference
    • S••••• A••••••••• L•• reported RAUM $490.8M, up 36% from $360.4M (2017-08-22 to 2018-02-21)
      Feb 21, 2018 · RAUM change · derived
    • S••••• A••••••••• L•• filed its initial SEC registration (Form ADV)
      Sep 12, 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
    Business phone
    212-208-4592reportedpublished by the firm, firm site, Sep 16, 2026
    Business phone
    646-606-0290reportedpublished by the firm, firm site, Sep 16, 2026
    Website
    S•••••ASSOCIATES.COMreportedpublic record, Form ADV, Sep 19, 2026
    Principal office phone
    646-606-0290reportedpublic record, Form ADV, Apr 7, 2026
    Contact form
    sicartassociates.com/contactreportedpublished by the firm, firm site, Sep 16, 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
    Independent wealth managerderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $455Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026