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
S••• C••••••• L••
Latest filing Apr 1, 2026
First filing on the tape Jul 11, 2022 · 7 filings
SEC status approved since Aug 10, 2022
RAUM
$245M
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
9
6 advisory (5.B.1)
Offices
6
beyond the principal office
Private funds
9
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$245M as of Apr 1, 2026
Mar 28, 2023$177M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 1, 2026
Mar 28, 20230 then
Employees (5.A)9 as of Apr 1, 2026
Mar 28, 20237 then
Private funds9 as of Apr 1, 2026
Mar 28, 20236 then
RAUM +34% over the last fiscal year+11% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 1, 2026; 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
- $27.2MderivedRAUM 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
- unknownderived7 offices incl. principal (1.F.5)
- RAUM growth, one year
- +34%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
- 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
- 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$245M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 9reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
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
7 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| S••• C•••••• Q• F••• I•• L• | Other Private Fund | $86.6M | 50 | Jul 11, 2022 |
| S••• C•••••• F••• I•• L• | Other Private Fund | $35.5M | 99 | Jul 11, 2022 |
| S••• C•••••• F••• I•••••• L• | Other Private Fund | $23.1M | 72 | Jun 5, 2020 |
| S••• A••••••••• I•• | Other Private Fund | $9.6M | 2 | Mar 20, 2024 |
| S••• C•••••• Q• F••• I•••••• L• | Other Private Fund | $9.6M | 1 | Jun 5, 2020 |
| S••• C•••••• F••• I••• L• | Other Private Fund | $7.3M | 81 | Aug 1, 2018 |
| S••• C•••••• Q• F••• I••• L• | Other Private Fund | $2.5M | 1 | Aug 1, 2018 |
Owners and control persons
Schedule A and B, latest filing
- B••••••• R•••••• S••••••• · Manager, Member And Presidentcontrolsince 04/2018 · owns 75% or more
- C•••• T••••• A•• · Chief Financial Officer And Chief Compliance Officercontrolsince 06/2018 · owns less than 5%
- J•••••• S•••••• B••••• · Managercontrolsince 04/2020 · owns less than 5%
- L••••• R••••••• W•••••• · Managercontrolsince 09/2021 · owns less than 5%
- Q••••••• S••••••••• F••••••• · Managercontrolsince 09/2021 · owns less than 5%
- S•••••••• R•••••• C•••••• · Managercontrolsince 04/2023 · owns less than 5%
Related persons
Schedule D 7.A
- S• G• I••• L••investment adviserpooled vehicle sponsorn
- S• G• I•••••• L••investment adviserpooled vehicle sponsorn
- S• G• I•• L••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
What changed
consecutive filings, newest first
- Discretionary RAUM · $247M to $245MDec 3, 2025 to Apr 1, 2026
- Pooled vehicle RAUM · $247M to $245MDec 3, 2025 to Apr 1, 2026
- RAUM · $247M to $245MDec 3, 2025 to Apr 1, 2026
- Discretionary RAUM · $183M to $247MMar 31, 2025 to Dec 3, 2025
- Pooled vehicle RAUM · $183M to $247MMar 31, 2025 to Dec 3, 2025
- RAUM · $183M to $247MMar 31, 2025 to Dec 3, 2025
- Accounts · 7 to 9Mar 20, 2024 to Mar 31, 2025
- Pooled vehicle clients · 7 to 9Mar 20, 2024 to Mar 31, 2025
- Employees · 8 to 9Mar 20, 2024 to Mar 31, 2025
- Financial planning clients · 0 to 0Mar 20, 2024 to Mar 31, 2025
- Private funds · 7 to 9Mar 20, 2024 to Mar 31, 2025
- Discretionary RAUM · $174M to $183MMar 20, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $174M to $183MMar 20, 2024 to Mar 31, 2025
- RAUM · $174M to $183MMar 20, 2024 to Mar 31, 2025
- Accounts · 6 to 7Apr 21, 2023 to Mar 20, 2024
- Advisory employees · 5 to 6Apr 21, 2023 to Mar 20, 2024
- Pooled vehicle clients · 6 to 7Apr 21, 2023 to Mar 20, 2024
- Employees · 7 to 8Apr 21, 2023 to Mar 20, 2024
- Other offices · 5 to 6Apr 21, 2023 to Mar 20, 2024
- Private funds · 6 to 7Apr 21, 2023 to Mar 20, 2024
- Discretionary RAUM · $177M to $174MApr 21, 2023 to Mar 20, 2024
- Pooled vehicle RAUM · $177M to $174MApr 21, 2023 to Mar 20, 2024
- RAUM · $177M to $174MApr 21, 2023 to Mar 20, 2024
- Private funds · 12 to 6Jul 11, 2022 to Mar 28, 2023
- Discretionary RAUM · $186M to $177MJul 11, 2022 to Mar 28, 2023
- Pooled vehicle RAUM · $186M to $177MJul 11, 2022 to Mar 28, 2023
- RAUM · $186M to $177MJul 11, 2022 to Mar 28, 2023
Signals
2 dated events
- Charles R••••• Spangler (Manager) appeared on Schedule A of S••• C••••••• L••Mar 20, 2024 · Control person joined · fact
- S••• C••••••• L•• filed its initial SEC registration (Form ADV)Jul 11, 2022 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- S••• C••••••• L•• · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Firm profile
- LINKEDIN.COM/COMPANY/533588reportedpublic record, Form ADV, Sep 19, 2026
- Website
- s•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 303-870-9529reportedpublic record, Form ADV, Apr 1, 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
- Asset manager (funds and pooled vehicles)deriveda 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