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

L••••• F•••••••• R••••••••

Former SEC-registered adviserMedia, PennsylvaniaCRD 292523SEC 801-113642IAPD
Legal name L••••• • D••••••• F•••••••• R•••••••• L••
Latest filing Mar 21, 2023
First filing on the tape Jun 19, 2018 · 12 filings
RAUM
$1.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$1.1B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
$42.9M gross assets
History
12 filings and snapshots on the tape
RAUM$1.1B as of Mar 21, 2023
Mar 30, 2019$718M then
HNW client RAUM$1.0B as of Mar 21, 2023
Mar 30, 2019$618M then
State-registered IARs (5.B.3)4 as of Mar 21, 2023
Mar 30, 20195 then
Employees (5.A)6 as of Mar 21, 2023
Mar 30, 20197 then
Private funds: 1
RAUM +5.3% over the last fiscal year+12% a year over threeIARs 5 to 4
Practice profile
derived from the filing of Mar 21, 2023; every figure names its basis
RAUM per advisor
$283MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
180derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.9MderivedHNW RAUM over HNW clients
Average account
$476,742derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+5.3%derivedbetween the last two annual amendments
Advisor growth, one year
-20%derivedItem 5.B.3 between annual amendments
Client growth, one year
+9.3%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
Financial planning clients
722reportedItem 5.H
Custody
$180M, 134 clientsreportedItem 9.A
Ownership
controlled by a public reporting companyderived
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)
  • an independent public accountant performs a surprise examination (9.C.1)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.0B89%
  • Individuals$117M10%
  • Pension and profit-sharing plans$2.2M0.2%
  • Charitable organizations$1.9M0.2%
Individual clients
460reported
HNW clients
259reported
Pension plan clients
1reported
Charitable clients
2reported
Accounts
2,374reported
Financial planning clients
722reported
Wrap fee programs
noreported
Custody of client assets
$180M for 134 clientsreported
Compensation
% of AUM, 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
Joined, latest
none on the tape
    Every departureEvery arrival
    Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    1 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    L• O••••••••• F•••• L•Private Equity Fund$42.9M47Mar 21, 2023
    Owners and control persons
    Schedule A and B, latest filing
    • D•••••••• R••••••• D•••• · Managing Member/Chief Compliance Officercontrol
      since 12/2017 · owns 50% to 75%
    • L•••••• R•••••• S•••• · Managing Membercontrol
      since 12/2017 · owns 50% to 75%
    Related persons
    Schedule D 7.A
    • L••••• F•••••••• S•••••••
      insurancen
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 2,334 to 2,374
      Mar 30, 2022 to Mar 21, 2023
    • Advisory employees · 5 to 4
      Mar 30, 2022 to Mar 21, 2023
    • HNW clients · 228 to 259
      Mar 30, 2022 to Mar 21, 2023
    • Individual clients · 430 to 460
      Mar 30, 2022 to Mar 21, 2023
    • Assets in custody · $201M to $180M
      Mar 30, 2022 to Mar 21, 2023
    • State-registered IARs · 5 to 4
      Mar 30, 2022 to Mar 21, 2023
    • Private funds · unset to 1
      Mar 30, 2022 to Mar 21, 2023
    • Discretionary RAUM · $1.1B to $1.1B
      Mar 30, 2022 to Mar 21, 2023
    • HNW RAUM · $954M to $1.0B
      Mar 30, 2022 to Mar 21, 2023
    • Individual RAUM · $117M to $117M
      Mar 30, 2022 to Mar 21, 2023
    • Pension RAUM · $2.1M to $2.2M
      Mar 30, 2022 to Mar 21, 2023
    • RAUM · $1.1B to $1.1B
      Mar 30, 2022 to Mar 21, 2023
    • Accounts · 2,097 to 2,334
      Oct 19, 2021 to Mar 30, 2022
    • HNW clients · 203 to 228
      Oct 19, 2021 to Mar 30, 2022
    • Individual clients · 457 to 430
      Oct 19, 2021 to Mar 30, 2022
    • Assets in custody · $173M to $201M
      Oct 19, 2021 to Mar 30, 2022
    • Discretionary RAUM · $920M to $1.1B
      Oct 19, 2021 to Mar 30, 2022
    • HNW RAUM · $802M to $954M
      Oct 19, 2021 to Mar 30, 2022
    • Individual RAUM · $114M to $117M
      Oct 19, 2021 to Mar 30, 2022
    • Pension RAUM · $1.7M to $2.1M
      Oct 19, 2021 to Mar 30, 2022
    • RAUM · $920M to $1.1B
      Oct 19, 2021 to Mar 30, 2022
    • Accounts · 1,751 to 2,097
      Jun 29, 2020 to Mar 31, 2021
    • HNW clients · 183 to 203
      Jun 29, 2020 to Mar 31, 2021
    • Individual clients · 421 to 457
      Jun 29, 2020 to Mar 31, 2021
    • Pension plan clients · 0 to 1
      Jun 29, 2020 to Mar 31, 2021
    • Assets in custody · $132M to $173M
      Jun 29, 2020 to Mar 31, 2021
    • Employees · 7 to 6
      Jun 29, 2020 to Mar 31, 2021
    • Discretionary RAUM · $812M to $920M
      Jun 29, 2020 to Mar 31, 2021
    • HNW RAUM · $702M to $802M
      Jun 29, 2020 to Mar 31, 2021
    • Individual RAUM · $108M to $114M
      Jun 29, 2020 to Mar 31, 2021
    • Pension RAUM · $0 to $1.7M
      Jun 29, 2020 to Mar 31, 2021
    • RAUM · $812M to $920M
      Jun 29, 2020 to Mar 31, 2021
    • Accounts · 1,638 to 1,751
      Jul 26, 2019 to Mar 30, 2020
    • Advisory activities · 3 to 4
      Jul 26, 2019 to Mar 30, 2020
    • Charity clients · 1 to 2
      Jul 26, 2019 to Mar 30, 2020
    • HNW clients · 160 to 183
      Jul 26, 2019 to Mar 30, 2020
    • Individual clients · 382 to 421
      Jul 26, 2019 to Mar 30, 2020
    • Assets in custody · $134M to $132M
      Jul 26, 2019 to Mar 30, 2020
    • Other offices · 1 to 0
      Jul 26, 2019 to Mar 30, 2020
    • Discretionary RAUM · $718M to $812M
      Jul 26, 2019 to Mar 30, 2020
    Signals
    6 dated events
    • T••••• M•••••• S•••• left L••••• F•••••••• R•••••••• for E• W••••• A••••••• (registered 2023-04-21)
      May 15, 2023 · Advisor changed firm · fact
    • R•••••• D•••• D••••••• left L••••• F•••••••• R•••••••• for E• W••••• A••••••• (registered 2023-04-18)
      May 15, 2023 · Advisor changed firm · fact
    • 2 advisors left L••••• F•••••••• R•••••••• (Media, PA) for E• W••••• A••••••• on the same day
      May 15, 2023 · Team lift-out · derived
    • J•••••• I••••• L••••• left L••••• F•••••••• R•••••••• for E• W••••• A••••••• (registered 2023-04-18)
      Apr 10, 2023 · Advisor changed firm · fact
    • L••••• F•••••••• R•••••••• reported RAUM $718.5M, up 589% from $104.3M (2018-11-16 to 2019-03-30)
      Mar 30, 2019 · RAUM change · derived
    • L••••• • D••••••• F•••••••• R•••••••• L•• filed its initial SEC registration (Form ADV)
      Jun 19, 2018 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    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