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••••• B••• C••••••• L••
Latest filing Mar 30, 2024
First filing on the tape Jul 23, 2019 · 16 filings
RAUM
$72,791
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
34%
$24,398 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
0
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$72,791 as of Mar 29, 2024
Mar 20, 2020$5.4M then
HNW client RAUM$0 as of Mar 29, 2024
Mar 20, 2020$0 then
State-registered IARs (5.B.3)2 as of Mar 29, 2024
Mar 20, 20203 then
Employees (5.A)2 as of Mar 29, 2024
Mar 20, 202015 then
Private funds: no history
RAUM -99% over the last fiscal year-79% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 30, 2024; every figure names its basis
- RAUM per advisor
- $36,396derivedRAUM 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
- $24,264derivedRAUM 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
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -99%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Corporations and businesses$48,39366%
- Individuals$24,39834%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 3reported
- Financial planning clients
- n/areported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- 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
Left, latest
- V•••• L••• B••••••• to S••••• C•••••• L••Jun 28, 2024 · Other
- A••••• K••• N•••••• to S••••• C•••••• L••Jun 28, 2024 · Other
- W••••• C•••••• K•••••• to J••••• M••••••••• S•••• L••May 28, 2020 · Other
Joined, latest
- W••••• C•••••• K•••••• from A•••••• W••••• M•••••••••Aug 15, 2019 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for S••••• C•••••• L••Jun 28, 2024 · Bethesda, Md
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B•••••••• V••••• L••• · President, Treasurer & Managercontrolsince 12/2017 · owns less than 5%
- N••••••• A•••••• K••• · Executive Vp, General Counsel, Chief Compliance Officer & Managercontrolsince 12/2017 · owns less than 5%
- B•••••••• V••••• L••• · Sole Membercontrolsince 08/2020 · owns 75% or more of V•• K•• L••
- N••••••• A•••••• K••• · Sole Membercontrolsince 07/2020 · owns 75% or more of A•• K•• L••
Entity owners
- A•• K•• L•• · Memberdirect · owns 25% to 50%
- V•• K•• L•• · Memberdirect · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Bethesda, Md | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 4 to 3Mar 14, 2023 to Mar 29, 2024
- Advisory employees · 7 to 2Mar 14, 2023 to Mar 29, 2024
- Advisory activities · 3 to 2Mar 14, 2023 to Mar 29, 2024
- Employees · 7 to 2Mar 14, 2023 to Mar 29, 2024
- HQ city · BETHESDA to unsetMar 14, 2023 to Mar 29, 2024
- HQ state · MD to unsetMar 14, 2023 to Mar 29, 2024
- Discretionary RAUM · $9.0M to $72,791Mar 14, 2023 to Mar 29, 2024
- Individual RAUM · $19,582 to $24,398Mar 14, 2023 to Mar 29, 2024
- RAUM · $9.0M to $72,791Mar 14, 2023 to Mar 29, 2024
- Assets in custody · 0.0 to unsetAug 30, 2022 to Mar 14, 2023
- Employees · 9 to 7Aug 30, 2022 to Mar 14, 2023
- Discretionary RAUM · $10.7M to $9.0MAug 30, 2022 to Mar 14, 2023
- Individual RAUM · $23,956 to $19,582Aug 30, 2022 to Mar 14, 2023
- RAUM · $10.7M to $9.0MAug 30, 2022 to Mar 14, 2023
- Advisory employees · 3 to 7Mar 16, 2021 to Mar 16, 2022
- Employees · 17 to 9Mar 16, 2021 to Mar 16, 2022
- Discretionary RAUM · $8.3M to $10.7MMar 16, 2021 to Mar 16, 2022
- Individual RAUM · $20,280 to $23,956Mar 16, 2021 to Mar 16, 2022
- RAUM · $8.3M to $10.7MMar 16, 2021 to Mar 16, 2022
- Employees · 12 to 17Oct 26, 2020 to Mar 16, 2021
- State-registered IARs · 3 to 2Oct 26, 2020 to Mar 16, 2021
- Discretionary RAUM · $7.3M to $8.3MOct 26, 2020 to Mar 16, 2021
- Individual RAUM · $17,960 to $20,280Oct 26, 2020 to Mar 16, 2021
- RAUM · $7.3M to $8.3MOct 26, 2020 to Mar 16, 2021
- Employees · 10 to 12Aug 18, 2020 to Oct 26, 2020
- Discretionary RAUM · $6.7M to $7.3MAug 18, 2020 to Oct 26, 2020
- Individual RAUM · $17,289 to $17,960Aug 18, 2020 to Oct 26, 2020
- RAUM · $6.7M to $7.3MAug 18, 2020 to Oct 26, 2020
- Employees · 15 to 10May 27, 2020 to Aug 18, 2020
- Discretionary RAUM · $5.4M to $6.7MMay 27, 2020 to Aug 18, 2020
- Individual RAUM · $17,464 to $17,289May 27, 2020 to Aug 18, 2020
- RAUM · $5.4M to $6.7MMay 27, 2020 to Aug 18, 2020
- Accounts · 5 to 4Sep 3, 2019 to Mar 20, 2020
- Employees · 13 to 15Sep 3, 2019 to Mar 20, 2020
- Other offices · 1 to 0Sep 3, 2019 to Mar 20, 2020
- Discretionary RAUM · $51,486 to $5.4MSep 3, 2019 to Mar 20, 2020
- Individual RAUM · $15,998 to $17,464Sep 3, 2019 to Mar 20, 2020
- RAUM · $51,486 to $5.4MSep 3, 2019 to Mar 20, 2020
- Related insurance company · true to falseSep 3, 2019 to Mar 20, 2020
- Advisory employees · 2 to 3Jul 23, 2019 to Aug 15, 2019
Signals
6 dated events
- V•••• L••• B••••••• left K••••• B••• C••••••• L•• for S••••• C•••••• L•• (registered 2026-06-22)Jun 28, 2024 · Advisor changed firm · fact
- A••••• K••• N•••••• left K••••• B••• C••••••• L•• for S••••• C•••••• L•• (registered 2026-05-29)Jun 28, 2024 · Advisor changed firm · fact
- 2 advisors left K••••• B••• C••••••• L•• (Bethesda, MD) for S••••• C•••••• L•• on the same dayJun 28, 2024 · Team lift-out · derived
- Peter Wayne Pacelle (Managing Member) no longer on Schedule A of K••••• B••• C••••••• L•• (listed 2020-05-27, absent 2020-08-18)Aug 18, 2020 · Control person left · inference
- D Fredrick Schaufeld (Sole Member) no longer on Schedule A of K••••• B••• C••••••• L•• (listed 2020-05-27, absent 2020-08-18)Aug 18, 2020 · Control person left · inference
- K••••• B••• C••••••• L•• filed its initial SEC registration (Form ADV)Jul 23, 2019 · 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