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

B•• S••••• C•••••• H•••••••

Former SEC-registered adviserCRD 299361SEC 801-125742IAPD
Legal name B•• S••••• C•••••• H••••••• L••
Latest filing Nov 3, 2023
First filing on the tape Apr 26, 2022 · 11 filings
RAUM
$75.9M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
27%
$20.7M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
12
4 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
1
$9.9M gross assets
History
11 filings and snapshots on the tape
RAUM$75.9M as of Nov 3, 2023
Apr 26, 2022$33.0M then
HNW client RAUM$5.3M as of Nov 3, 2023
Apr 26, 2022$5.0M then
State-registered IARs (5.B.3)4 as of Nov 3, 2023
Apr 26, 20224 then
Employees (5.A)12 as of Nov 3, 2023
Apr 26, 202214 then
Private funds1 as of Nov 3, 2023
Mar 22, 20231 then
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Nov 3, 2023; every figure names its basis
RAUM per advisor
$19.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
125derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.1MderivedHNW RAUM over HNW clients
Average account
$151,800derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
65%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.0derivedItem 5.A over advisors
Advisors per office
1.3derived3 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween 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, hourly, performance-based, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, 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
  • 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)
  • a related person has custody of client cash (9.B.1.a)
  • the adviser acts as qualified custodian (9.D.1)
  • a related person acts as qualified custodian (9.D.2)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Charitable organizations$49.0M65%
  • Individuals$15.4M20%
  • Pooled investment vehicles$5.5M7.2%
  • High-net-worth individuals$5.3M7.0%
  • Pension and profit-sharing plans$661,0000.9%
Individual clients
494reported
HNW clients
5reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
500reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, hourly, 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
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
1 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
A•• P••• F••• I•Real Estate Fund$9.9M6Mar 22, 2023
Owners and control persons
Schedule A and B, latest filing
  • H•••••• W••••••• L•••• · Cio, Ccocontrol
    since 08/2018 · owns 75% or more
Related persons
Schedule D 7.A
  • A•• P••• F••• I• G•• L••
    pooled vehicle sponsorcustodiany
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Lemon Grove, Ca000
Fremont, Ca000
Offices
Schedule D 1.F, the 25 largest
  • Venice, CA1 employees
  • , 1 employees
What changed
consecutive filings, newest first
  • Accounts · 225 to 500
    Oct 16, 2023 to Nov 3, 2023
  • Individual clients · 263 to 494
    Oct 16, 2023 to Nov 3, 2023
  • Discretionary RAUM · $41.9M to $75.9M
    Oct 16, 2023 to Nov 3, 2023
  • RAUM · $41.9M to $75.9M
    Oct 16, 2023 to Nov 3, 2023
  • Advisory activities · 4 to 5
    Aug 3, 2023 to Oct 16, 2023
  • HNW clients · 60 to 5
    Aug 3, 2023 to Oct 16, 2023
  • Individual clients · 165 to 263
    Aug 3, 2023 to Oct 16, 2023
  • Pooled vehicle clients · unset to 1.0
    Aug 3, 2023 to Oct 16, 2023
  • Discretionary RAUM · $33.0M to $41.9M
    Aug 3, 2023 to Oct 16, 2023
  • HNW RAUM · $13.0M to $5.3M
    Aug 3, 2023 to Oct 16, 2023
  • Individual RAUM · $5.0M to $15.4M
    Aug 3, 2023 to Oct 16, 2023
  • Non-discretionary RAUM · $450M to $0
    Aug 3, 2023 to Oct 16, 2023
  • Pension RAUM · unset to 661000.0
    Aug 3, 2023 to Oct 16, 2023
  • Pooled vehicle RAUM · unset to 5500000.0
    Aug 3, 2023 to Oct 16, 2023
  • RAUM · $483M to $41.9M
    Aug 3, 2023 to Oct 16, 2023
  • Employees · 4 to 12
    Mar 10, 2023 to Mar 22, 2023
  • Private funds · unset to 1
    Mar 10, 2023 to Mar 22, 2023
  • Accounts · 61 to 225
    Feb 10, 2023 to Feb 13, 2023
  • Advisory activities · 5 to 4
    Feb 10, 2023 to Feb 13, 2023
  • HNW clients · 5 to 60
    Feb 10, 2023 to Feb 13, 2023
  • Individual clients · 60 to 165
    Feb 10, 2023 to Feb 13, 2023
  • Employees · 14 to 4
    Feb 10, 2023 to Feb 13, 2023
  • Financial planning clients · 11-25 to 101-250
    Feb 10, 2023 to Feb 13, 2023
  • Discretionary RAUM · $17.0M to $33.0M
    Feb 10, 2023 to Feb 13, 2023
  • HNW RAUM · $5.0M to $13.0M
    Feb 10, 2023 to Feb 13, 2023
  • Individual RAUM · $12.0M to $5.0M
    Feb 10, 2023 to Feb 13, 2023
  • Non-discretionary RAUM · $16.0M to $450M
    Feb 10, 2023 to Feb 13, 2023
  • RAUM · $33.0M to $483M
    Feb 10, 2023 to Feb 13, 2023
Signals
5 dated events
  • D•••••• A•••••• left B•• S••••• C•••••• H••••••• for P•••••• C••••• I••••••••• (registered 2024-05-17)
    Apr 10, 2024 · Advisor changed firm · fact
  • 2 advisors left B•• S••••• C•••••• H••••••• (Fremont, CA) for P•••••• C••••• I••••••••• on the same day
    Apr 10, 2024 · Team lift-out · derived
  • E••••• S• A•••••••• left B•• S••••• C•••••• H••••••• for P•••••• C••••• I••••••••• (registered 2024-05-17)
    Apr 10, 2024 · Advisor changed firm · fact
  • B•• S••••• C•••••• H••••••• reported RAUM $41.9M, down 91% from $483.0M (2023-08-03 to 2023-10-16)
    Oct 16, 2023 · RAUM change · derived
  • B•• S••••• C•••••• H••••••• filed its initial SEC registration (Form ADV)
    Apr 26, 2022 · 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
Across the graphs

B•• S••••• C•••••• H••••••• is the same institution as 1 record in Real Estate Funds.

Real Estate Funds1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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