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
H••••••• P•••••••• L••
Latest filing Mar 26, 2024
First filing on the tape Aug 29, 2018 · 23 filings
RAUM
$354M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
93%
$331M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
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$354M as of Mar 26, 2024
Feb 4, 2019$119M then
HNW client RAUM$276M as of Mar 26, 2024
Feb 4, 2019$77.7M then
State-registered IARs (5.B.3)3 as of Mar 26, 2024
Feb 4, 20192 then
Employees (5.A)4 as of Mar 26, 2024
Feb 4, 20192 then
Private funds: no history
RAUM +23% over the last fiscal year+19% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 26, 2024; every figure names its basis
- RAUM per advisor
- $118MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 88derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.7MderivedHNW RAUM over HNW clients
- Average account
- $382,320derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 3.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +23%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -0.8%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 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
- is an insurance broker or agent (6.A.6)
- 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
- High-net-worth individuals$276M78%
- Individuals$55.6M16%
- Corporations and businesses$9.4M2.6%
- Pension and profit-sharing plans$8.8M2.5%
- Charitable organizations$5.0M1.4%
- Individual clients
- 161reported
- HNW clients
- 102reported
- Pension plan clients
- 7reported
- Charitable clients
- 12reported
- Accounts
- 927reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- 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
Left, latest
- V••••• R••• S••••• to M•• C•••••• M••••••••• L••Oct 28, 2024 · RIA to RIA
- J•••••• A•••• L•••• to M•• C•••••• M••••••••• L••Oct 28, 2024 · RIA to RIA
- J••• W•••••• P••••••• to M•• C•••••• M••••••••• L••Oct 28, 2024 · RIA to RIA
Joined, latest
- V••••• R••• S••••• from R•••••• W••••• M••••••••• G••••• L••Oct 23, 2018 · RIA to a newly registered adviser
- J•••••• A•••• L•••• from R•••••• W••••• M••••••••• G••••• L••Oct 22, 2018 · RIA to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for M•• C•••••• M••••••••• L••Oct 28, 2024 · Berwyn, Pa · Firm absorbed
- 2 joined from R•••••• W••••• M••••••••• G••••• L••Nov 30, 2018 · Medford, Nj
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- L••••• J••••••• A•••• · Managing Member / Chief Compliance Officercontrolsince 01/2019 · owns 50% to 75%
- S•••••• V•••••• R••• · Managing Membercontrolsince 08/2018 · 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 |
|---|---|---|---|---|---|
| Berwyn, Pa · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 838 to 927Jan 27, 2023 to Mar 26, 2024
- Charity clients · 14 to 12Jan 27, 2023 to Mar 26, 2024
- Corporate clients · 9 to 8Jan 27, 2023 to Mar 26, 2024
- HNW clients · 98 to 102Jan 27, 2023 to Mar 26, 2024
- Individual clients · 167 to 161Jan 27, 2023 to Mar 26, 2024
- Pension plan clients · 10 to 7Jan 27, 2023 to Mar 26, 2024
- Employees · 3 to 4Jan 27, 2023 to Mar 26, 2024
- Discretionary RAUM · $277M to $344MJan 27, 2023 to Mar 26, 2024
- HNW RAUM · $213M to $276MJan 27, 2023 to Mar 26, 2024
- Individual RAUM · $52.0M to $55.6MJan 27, 2023 to Mar 26, 2024
- Non-discretionary RAUM · $10.8M to $10.6MJan 27, 2023 to Mar 26, 2024
- Pension RAUM · $11.9M to $8.8MJan 27, 2023 to Mar 26, 2024
- RAUM · $288M to $354MJan 27, 2023 to Mar 26, 2024
- Accounts · 789 to 838Jan 10, 2023 to Jan 27, 2023
- Charity clients · 12 to 14Jan 10, 2023 to Jan 27, 2023
- Corporate clients · 5 to 9Jan 10, 2023 to Jan 27, 2023
- HNW clients · 107 to 98Jan 10, 2023 to Jan 27, 2023
- Individual clients · 142 to 167Jan 10, 2023 to Jan 27, 2023
- Discretionary RAUM · $308M to $277MJan 10, 2023 to Jan 27, 2023
- HNW RAUM · $250M to $213MJan 10, 2023 to Jan 27, 2023
- Individual RAUM · $45.3M to $52.0MJan 10, 2023 to Jan 27, 2023
- Non-discretionary RAUM · $7.5M to $10.8MJan 10, 2023 to Jan 27, 2023
- Pension RAUM · $14.4M to $11.9MJan 10, 2023 to Jan 27, 2023
- RAUM · $316M to $288MJan 10, 2023 to Jan 27, 2023
- Wrap assets (manager) · 0.0 to unsetJan 10, 2023 to Jan 27, 2023
- Wrap assets (sponsor) · 0.0 to unsetJan 10, 2023 to Jan 27, 2023
- Accounts · 709 to 789Nov 9, 2021 to Feb 17, 2022
- Charity clients · 10 to 12Nov 9, 2021 to Feb 17, 2022
- Corporate clients · 4 to 5Nov 9, 2021 to Feb 17, 2022
- HNW clients · 90 to 107Nov 9, 2021 to Feb 17, 2022
- Individual clients · 157 to 142Nov 9, 2021 to Feb 17, 2022
- Pension plan clients · 14 to 10Nov 9, 2021 to Feb 17, 2022
- Discretionary RAUM · $204M to $308MNov 9, 2021 to Feb 17, 2022
- HNW RAUM · $149M to $250MNov 9, 2021 to Feb 17, 2022
- Individual RAUM · $43.6M to $45.3MNov 9, 2021 to Feb 17, 2022
- Non-discretionary RAUM · $6.7M to $7.5MNov 9, 2021 to Feb 17, 2022
- Pension RAUM · $15.5M to $14.4MNov 9, 2021 to Feb 17, 2022
- RAUM · $210M to $316MNov 9, 2021 to Feb 17, 2022
- HQ city · DEVON to BERWYNOct 5, 2021 to Nov 9, 2021
- Accounts · 614 to 709Jan 6, 2021 to Mar 8, 2021
Signals
7 dated events
- V••••• R••• S••••• left H••••••• P•••••••• L•• for M•• C•••••• M••••••••• L•• (registered 2024-11-04)Oct 28, 2024 · Advisor changed firm · fact
- J••• W•••••• P••••••• left H••••••• P•••••••• L•• for M•• C•••••• M••••••••• L•• (registered 2024-10-31)Oct 28, 2024 · Advisor changed firm · fact
- J•••••• A•••• L•••• left H••••••• P•••••••• L•• for M•• C•••••• M••••••••• L•• (registered 2024-11-01)Oct 28, 2024 · Advisor changed firm · fact
- H••••••• P•••••••• L••'s advisors moved to M•• C•••••• M••••••••• L•• (Berwyn, PA): 3 of 3 registered, on the same dayOct 28, 2024 · Firm absorbed (people side) · derived
- H••••••• P•••••••• L•• reported RAUM $315.9M, up 50% from $210.4M (2021-11-09 to 2022-02-17)Feb 17, 2022 · RAUM change · derived
- Allen Jeffrey Leber (Managing Member) appeared on Schedule A of H••••••• P•••••••• L••May 1, 2019 · Control person joined · fact
- H••••••• P•••••••• L•• filed its initial SEC registration (Form ADV)Aug 29, 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