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

S•••• F••••• C••••••• L••

Former SEC-registered adviserNew York, New YorkCRD 291821SEC 801-112678IAPD
Latest filing Mar 23, 2023
First filing on the tape Feb 21, 2018 · 6 filings
RAUM
$123M
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
5
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
$245M gross assets
History
6 filings and snapshots on the tape
RAUM$123M as of Mar 23, 2023
Mar 6, 2019$180M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 23, 2023
Mar 6, 20190 then
Employees (5.A)5 as of Mar 23, 2023
Mar 6, 20195 then
Private funds3 as of Mar 23, 2023
Mar 6, 20196 then
RAUM -24% over the last fiscal year-12% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 23, 2023; 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
$41.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%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
-24%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$123M, 3 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$123M100%
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
$123M for 3 clientsreported
Compensation
% of AUM, 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
      Private funds
      6 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• J•••••••• J•••• · Chief Compliance Officer; Chief Operating Officer; Membercontrol
        since 01/2015 · owns 10% to 25%
      • L••••••••• B••••••• M••••••• · Chief Investment Officer; Chief Executive Officercontrol
        since 09/2014 · owns less than 5%
      • L••••••••• B••••••• M••••••• · Membercontrol
        since 12/2015 · owns 75% or more of B•• F••••• L••
      Entity owners
      • B•• F••••• L•• · Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      • S•••• F••••• A•••••••• L••
        bankpooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 4 to 3
        Mar 28, 2022 to Mar 23, 2023
      • Assets in custody · $162M to $123M
        Mar 28, 2022 to Mar 23, 2023
      • Discretionary RAUM · $162M to $123M
        Mar 28, 2022 to Mar 23, 2023
      • Pooled vehicle RAUM · $162M to $123M
        Mar 28, 2022 to Mar 23, 2023
      • RAUM · $162M to $123M
        Mar 28, 2022 to Mar 23, 2023
      • Accounts · 6 to 3
        Mar 25, 2021 to Mar 28, 2022
      • Pooled vehicle clients · 6 to 3
        Mar 25, 2021 to Mar 28, 2022
      • Assets in custody · $138M to $162M
        Mar 25, 2021 to Mar 28, 2022
      • Private funds · 6 to 3
        Mar 25, 2021 to Mar 28, 2022
      • Discretionary RAUM · $138M to $162M
        Mar 25, 2021 to Mar 28, 2022
      • Pooled vehicle RAUM · $138M to $162M
        Mar 25, 2021 to Mar 28, 2022
      • RAUM · $138M to $162M
        Mar 25, 2021 to Mar 28, 2022
      • Assets in custody · $178M to $138M
        Mar 30, 2020 to Mar 25, 2021
      • Employees · 6 to 5
        Mar 30, 2020 to Mar 25, 2021
      • Discretionary RAUM · $178M to $138M
        Mar 30, 2020 to Mar 25, 2021
      • Pooled vehicle RAUM · $178M to $138M
        Mar 30, 2020 to Mar 25, 2021
      • RAUM · $178M to $138M
        Mar 30, 2020 to Mar 25, 2021
      • Advisory employees · 3 to 4
        Mar 6, 2019 to Mar 30, 2020
      • Assets in custody · $180M to $178M
        Mar 6, 2019 to Mar 30, 2020
      • Employees · 5 to 6
        Mar 6, 2019 to Mar 30, 2020
      • Discretionary RAUM · $180M to $178M
        Mar 6, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $180M to $178M
        Mar 6, 2019 to Mar 30, 2020
      • RAUM · $180M to $178M
        Mar 6, 2019 to Mar 30, 2020
      • Assets in custody · $213M to $180M
        Feb 21, 2018 to Mar 6, 2019
      • Discretionary RAUM · $213M to $180M
        Feb 21, 2018 to Mar 6, 2019
      • Pooled vehicle RAUM · $213M to $180M
        Feb 21, 2018 to Mar 6, 2019
      • RAUM · $213M to $180M
        Feb 21, 2018 to Mar 6, 2019
      Signals
      1 dated events
      • S•••• F••••• C••••••• L•• filed its initial SEC registration (Form ADV)
        Feb 21, 2018 · 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