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

E•••• L••

Former SEC-registered adviserWeston, FloridaCRD 289997SEC 801-111928IAPD

Latest filing Aug 9, 2024

First filing on the tape Sep 26, 2017 · 22 filings

RAUM

$502M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

41%

$204M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

n/a

derived; firm RAUM over IAPD count

Employees

7 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

22 filings and snapshots on the tape

RAUM$502M as of Mar 8, 2024

Feb 21, 2018$110M then

HNW client RAUM$195M as of Mar 8, 2024

Feb 21, 2018$30.0M then

State-registered IARs (5.B.3)6 as of Mar 8, 2024

Feb 21, 20183 then

Employees (5.A)19 as of Mar 8, 2024

Feb 21, 201810 then

Private funds: no history

RAUM -39% over the last fiscal year+30% a year over threeIARs 6 to 6

Practice profile

derived from the filing of Aug 9, 2024; every figure names its basis

RAUM per advisor: $83.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 12derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $5.4MderivedHNW RAUM over HNW clients
Average account: $1.8MderivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 3.2derivedItem 5.A over advisors
Advisors per office: 6.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year: -39%derivedbetween the last two annual amendments
Advisor growth, one year: +0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year: +4.3%derived
Compensation: fixed fees, otherreportedItem 5.E
Advisory activities: portfolio management for individuals, selection of other advisers, otherreportedItem 5.G
Custody: $410M, 55 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

Corporations and businesses$297M59%
High-net-worth individuals$195M39%
Individuals$8.9M1.8%
Charitable organizations$371,9650.1%

Individual clients: 37reported
HNW clients: 36reported
Pension plan clients: n/areported
Charitable clients: 1reported
Accounts: 274reported
Financial planning clients: 0reported
Wrap fee programs: noreported
Custody of client assets: $410M for 55 clientsreported
Compensation: fixedreported
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

G••••• D•••• S••••• to C••••••
Aug 31, 2024 · RIA to RIA
S••• L••••••• H••••• to C••••••
Aug 31, 2024 · RIA to RIA
K•••• D•••• S•••••• to C••••••
Aug 31, 2024 · RIA to RIA
A•••• M•••••• B••••••• to C••••••
Aug 31, 2024 · RIA to RIA
K•••• W•••••• B•••• to C••••••
Aug 31, 2024 · RIA to RIA
A•••• C•••••• L••••• to A••••••••• F•••••••• S•••••••• L••
Jul 7, 2023 · RIA to affiliated broker-dealer or bank

Joined, latest

K•••• W•••••• B•••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••
Jun 29, 2022 · Wirehouse to independent RIA
G••••• D•••• S••••• from S•••• I••••• S••••••••• L••
Apr 30, 2019 · RIA to RIA
S••• L••••••• H••••• from E•••••• A•••• A••••••• L••
Nov 2, 2017 · Other
K•••• D•••• S•••••• from S•••••• I••••••••• A••••••• S•••••••• L••
Nov 1, 2017 · Other
A•••• M•••••• B••••••• from E•••••• A••••••••• S••••••••• L••
Nov 1, 2017 · Other

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

5 left for C••••••
Aug 31, 2024 · Weston, Fl · Firm absorbed

Teams out Teams in

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

E••••• S••••••• C••• · Chief Compliance Officercontrol
since 07/2024 · owns less than 5%

Entity owners

C•••••• P•••••• W••••• · Owner
direct · owns 50% to 75%
C• F•••••••• C••• · Owner
indirect · owns 75% or more of C•••••• H••••••• I•• · public reporting company
C•••••• H••••••• I•• · Owner
indirect · owns 75% or more of C•••••• M••••••••• L••
C•••••• M••••••••• L•• · Owner
indirect · owns 75% or more of C•••••• P••••••• L••
C•••••• P••••••• L•• · Owner
indirect · owns 75% or more of C•••••• P•••••• W•••••

Related persons

Schedule D 7.A

C••••••
investment adviseryRAUM $165B

Advisers that list E•••• L•• as a related person

107935 n

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
Weston, Fl · principal	0	0	0

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

What changed

consecutive filings, newest first

Related adviser · false to true
Mar 8, 2024 to Aug 9, 2024
Accounts · 288 to 274
Nov 6, 2023 to Mar 8, 2024
Advisory employees · 6 to 7
Nov 6, 2023 to Mar 8, 2024
Charity clients · unset to 1.0
Nov 6, 2023 to Mar 8, 2024
HNW clients · 37 to 36
Nov 6, 2023 to Mar 8, 2024
Individual clients · 33 to 37
Nov 6, 2023 to Mar 8, 2024
Assets in custody · $451M to $410M
Nov 6, 2023 to Mar 8, 2024
Employees · 16 to 19
Nov 6, 2023 to Mar 8, 2024
Insurance-licensed employees · 6 to 0
Nov 6, 2023 to Mar 8, 2024
Discretionary RAUM · $822M to $502M
Nov 6, 2023 to Mar 8, 2024
HNW RAUM · $205M to $195M
Nov 6, 2023 to Mar 8, 2024
Individual RAUM · $7.0M to $8.9M
Nov 6, 2023 to Mar 8, 2024
RAUM · $822M to $502M
Nov 6, 2023 to Mar 8, 2024
Accounts · 286 to 288
Nov 9, 2022 to Mar 14, 2023
Corporate clients · 8 to 10
Nov 9, 2022 to Mar 14, 2023
HNW clients · 35 to 37
Nov 9, 2022 to Mar 14, 2023
Individual clients · 28 to 33
Nov 9, 2022 to Mar 14, 2023
Assets in custody · $246M to $451M
Nov 9, 2022 to Mar 14, 2023
Employees · 14 to 16
Nov 9, 2022 to Mar 14, 2023
Discretionary RAUM · $287M to $822M
Nov 9, 2022 to Mar 14, 2023
HNW RAUM · $180M to $205M
Nov 9, 2022 to Mar 14, 2023
Individual RAUM · $7.8M to $7.0M
Nov 9, 2022 to Mar 14, 2023
RAUM · $287M to $822M
Nov 9, 2022 to Mar 14, 2023
Advisory employees · 5 to 6
Mar 17, 2022 to Jul 29, 2022
Insurance-licensed employees · 5 to 6
Mar 17, 2022 to Jul 29, 2022
State-registered IARs · 5 to 6
Mar 17, 2022 to Jul 29, 2022
Other offices · 1 to 0
Mar 17, 2022 to Jul 29, 2022
Accounts · 266 to 286
Jul 20, 2021 to Mar 17, 2022
Corporate clients · 6 to 8
Jul 20, 2021 to Mar 17, 2022
HNW clients · 27 to 35
Jul 20, 2021 to Mar 17, 2022
Individual clients · 26 to 28
Jul 20, 2021 to Mar 17, 2022
Assets in custody · $154M to $246M
Jul 20, 2021 to Mar 17, 2022
Discretionary RAUM · $224M to $287M
Jul 20, 2021 to Mar 17, 2022
HNW RAUM · $137M to $180M
Jul 20, 2021 to Mar 17, 2022
Individual RAUM · $6.9M to $7.8M
Jul 20, 2021 to Mar 17, 2022
Non-discretionary RAUM · $1.9M to $0
Jul 20, 2021 to Mar 17, 2022
RAUM · $226M to $287M
Jul 20, 2021 to Mar 17, 2022
Accounts · 254 to 266
Jun 15, 2020 to Mar 19, 2021
Charity clients · 1.0 to unset
Jun 15, 2020 to Mar 19, 2021
Corporate clients · 9 to 6
Jun 15, 2020 to Mar 19, 2021

Signals

21 dated events

E•••• L••'s advisors moved to C•••••• (Weston, FL): 5 of 5 registered, on the same day
Aug 31, 2024 · Firm absorbed (people side) · derived
K•••• D•••• S•••••• left E•••• L•• for C•••••• (registered 2024-08-16)
Aug 31, 2024 · Advisor changed firm · fact
G••••• D•••• S••••• left E•••• L•• for C•••••• (registered 2024-08-15)
Aug 31, 2024 · Advisor changed firm · fact
K•••• W•••••• B•••• left E•••• L•• for C•••••• (registered 2024-08-15)
Aug 31, 2024 · Advisor changed firm · fact
A•••• M•••••• B••••••• left E•••• L•• for C•••••• (registered 2024-08-19)
Aug 31, 2024 · Advisor changed firm · fact
S••• L••••••• H••••• left E•••• L•• for C•••••• (registered 2024-08-16)
Aug 31, 2024 · Advisor changed firm · fact
Laurence Scot Hunter (Co-Founder And Chief Strategic Officer) no longer on Schedule A of E•••• L•• (listed 2024-03-08, absent 2024-08-09)
Aug 9, 2024 · Control person left · inference
Michael Allan Budelman (Co-Founder And Chief Executive Officer) no longer on Schedule A of E•••• L•• (listed 2024-03-08, absent 2024-08-09)
Aug 9, 2024 · Control person left · inference
Jo Melissa Budelman (Chief Compliance Officer) no longer on Schedule A of E•••• L•• (listed 2024-03-08, absent 2024-08-09)
Aug 9, 2024 · Control person left · inference
David Keith Stoloff (Managing Member) no longer on Schedule A of E•••• L•• (listed 2024-03-08, absent 2024-08-09)
Aug 9, 2024 · Control person left · inference
Francis Colm Smith (Partner Head Of Research) no longer on Schedule A of E•••• L•• (listed 2024-03-08, absent 2024-08-09)
Aug 9, 2024 · Control person left · inference
Chad Stephen Estep (Chief Compliance Officer) appeared on Schedule A of E•••• L••
Aug 9, 2024 · Control person joined · fact
E•••• L•• reported RAUM $501.7M, down 39% from $821.7M (2023-11-06 to 2024-03-08)
Mar 8, 2024 · RAUM change · derived
A•••• C•••••• L••••• left E•••• L•• for A••••••••• F•••••••• S•••••••• L•• (registered 2023-10-25)
Jul 7, 2023 · Advisor changed firm · fact
E•••• L•• reported RAUM $821.7M, up 187% from $286.6M (2022-11-09 to 2023-03-14)
Mar 14, 2023 · RAUM change · derived
Francis Colm Smith (Partner Head Of Research) appeared on Schedule A of E•••• L••
Jul 29, 2022 · Control person joined · fact
E•••• L•• reported RAUM $226.0M, down 32% from $333.9M (2020-06-15 to 2021-03-19)
Mar 19, 2021 · RAUM change · derived
E•••• L•• reported RAUM $333.9M, up 58% from $211.5M (2019-07-05 to 2020-03-13)
Mar 13, 2020 · RAUM change · derived
David Keith Stoloff (Managing Member) appeared on Schedule A of E•••• L••
Mar 13, 2020 · Control person joined · fact
E•••• L•• reported RAUM $211.5M, up 92% from $110.0M (2018-02-21 to 2019-03-18)
Mar 18, 2019 · RAUM change · derived
E•••• L•• filed its initial SEC registration (Form ADV)
Sep 26, 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