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
K••••• A•••• M••••••••• L••
Latest filing Mar 26, 2026
First filing on the tape Jul 27, 2018 · 23 filings
SEC status approved since Aug 27, 2018
RAUM
$151M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
32%
$48.0M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$151M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$151M as of Mar 26, 2026
Mar 7, 2019$328M then
HNW client RAUM$46.0M as of Mar 26, 2026
Mar 7, 2019$272M then
State-registered IARs (5.B.3)0 as of Mar 26, 2026
Mar 7, 20190 then
Employees (5.A)4 as of Mar 26, 2026
Mar 7, 20196 then
Private funds: no history
RAUM +16% over the last fiscal year+8.7% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 26, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $151MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 38derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.8MderivedHNW RAUM over HNW clients
- Average account
- $3.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 54%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +16%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- +12%derived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, otherreportedItem 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Charitable organizations$80.8M56%
- High-net-worth individuals$46.0M32%
- Corporations and businesses$15.1M11%
- Individuals$2.0M1.4%
- Individual clients
- 12reported
- HNW clients
- 26reported
- Pension plan clients
- 0reported
- Charitable clients
- 2reported
- Accounts
- 43reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.32 fund_share=0.0 institutional_share=0.54 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Y•••••••• D••••• H• | New York, Ny | Aug 22, 2023 | 12 y | 0 |
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 headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B•••••• R••••••• L•••• · Member, Managercontrolsince 05/2018 · owns 75% or more
- H•• Y••••••••• D••••• · Membersince 05/2018 · owns 10% to 25%
- M•••••••• T•••• L••• · Chief Compliance Officersince 10/2022 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- high institutional concentrationStatic outlier · filing Mar 26, 2026institutional share of RAUM of 54% against a peer median of 0% (5678 comparable advisers, 99.0th percentile, 17.9 robust deviations)peers: independent wealth managers, $100M to $500M (5,678) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 39 to 43Feb 25, 2025 to Mar 26, 2026
- HNW clients · 20 to 26Feb 25, 2025 to Mar 26, 2026
- Individual clients · 14 to 12Feb 25, 2025 to Mar 26, 2026
- Discretionary RAUM · $130M to $151MFeb 25, 2025 to Mar 26, 2026
- HNW RAUM · $43.8M to $46.0MFeb 25, 2025 to Mar 26, 2026
- Individual RAUM · $2.3M to $2.0MFeb 25, 2025 to Mar 26, 2026
- RAUM · $130M to $151MFeb 25, 2025 to Mar 26, 2026
- Financial planning clients · unset to Jan 17, 2025 to Feb 25, 2025
- Individual clients · 11 to 14Feb 26, 2024 to Jan 17, 2025
- Accounts · 36 to 39Feb 26, 2024 to Jan 17, 2025
- Discretionary RAUM · $111M to $130MFeb 26, 2024 to Jan 17, 2025
- HNW RAUM · $41.1M to $43.8MFeb 26, 2024 to Jan 17, 2025
- Individual RAUM · $1.8M to $2.3MFeb 26, 2024 to Jan 17, 2025
- RAUM · $111M to $130MFeb 26, 2024 to Jan 17, 2025
- Accounts · 37 to 36Sep 12, 2023 to Feb 7, 2024
- Individual clients · 12 to 11Sep 12, 2023 to Feb 7, 2024
- Employees · 5 to 4Sep 12, 2023 to Feb 7, 2024
- Discretionary RAUM · $117M to $111MSep 12, 2023 to Feb 7, 2024
- HNW RAUM · $63.1M to $41.1MSep 12, 2023 to Feb 7, 2024
- Individual RAUM · $1.3M to $1.8MSep 12, 2023 to Feb 7, 2024
- RAUM · $117M to $111MSep 12, 2023 to Feb 7, 2024
- Assets in custody · 55054219.0 to unsetMar 2, 2023 to Sep 12, 2023
- Custody of client assets · true to falseMar 2, 2023 to Sep 12, 2023
- Accounts · 39 to 37Oct 24, 2022 to Mar 1, 2023
- HNW clients · 22 to 20Oct 24, 2022 to Mar 1, 2023
- Assets in custody · $68.5M to $55.1MOct 24, 2022 to Mar 1, 2023
- Discretionary RAUM · $133M to $117MOct 24, 2022 to Mar 1, 2023
- HNW RAUM · $81.8M to $63.1MOct 24, 2022 to Mar 1, 2023
- Individual RAUM · $1.2M to $1.3MOct 24, 2022 to Mar 1, 2023
- RAUM · $133M to $117MOct 24, 2022 to Mar 1, 2023
- Accounts · 41 to 39Mar 4, 2022 to Oct 24, 2022
- Charity clients · 3 to 2Mar 4, 2022 to Oct 24, 2022
- HNW clients · 26 to 22Mar 4, 2022 to Oct 24, 2022
- Individual clients · 8 to 12Mar 4, 2022 to Oct 24, 2022
- Assets in custody · $134M to $68.5MMar 4, 2022 to Oct 24, 2022
- Discretionary RAUM · $300M to $133MMar 4, 2022 to Oct 24, 2022
- HNW RAUM · $176M to $81.8MMar 4, 2022 to Oct 24, 2022
- Individual RAUM · $1.1M to $1.2MMar 4, 2022 to Oct 24, 2022
- RAUM · $300M to $133MMar 4, 2022 to Oct 24, 2022
- Accounts · 30 to 41Aug 13, 2021 to Jan 27, 2022
Signals
4 dated events
- K••••• A•••• M••••••••• L•• reported RAUM $133.4M, down 56% from $300.2M (2022-03-04 to 2022-10-24)Oct 24, 2022 · RAUM change · derived
- K••••• A•••• M••••••••• L•• reported RAUM $188.0M, down 43% from $328.0M (2019-03-07 to 2020-03-18)Mar 18, 2020 · RAUM change · derived
- K••••• A•••• M••••••••• L•• reported RAUM $328.0M, down 28% from $457.4M (2018-11-27 to 2019-03-07)Mar 7, 2019 · RAUM change · derived
- K••••• A•••• M••••••••• L•• filed its initial SEC registration (Form ADV)Jul 27, 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.
How to reach
public business contact points only, each with its source
- Website
- karaniasset.com. The Firm does not have an account on any preportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 646-593-7450reportedpublic record, Form ADV, Mar 26, 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $151Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026