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

S••••••• P••••••• Q••••••••• I••••••••• L••

Former SEC-registered adviserChicago, IllinoisCRD 299372SEC 801-114334IAPD
Latest filing Dec 2, 2019
First filing on the tape Oct 26, 2018 · 4 filings
RAUM
$70.6M
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
7
6 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
1
$70.6M gross assets
History
4 filings and snapshots on the tape
RAUM$70.6M as of Dec 2, 2019
Mar 31, 2019$70.6M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Dec 2, 2019
Oct 26, 20180 then
Employees (5.A)7 as of Dec 2, 2019
Oct 26, 20184 then
Private funds1 as of Dec 2, 2019
Jan 28, 20191 then
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Dec 2, 2019; 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
$23.5MderivedRAUM 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
unknownderived2 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, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$70.6M, 2 clientsreportedItem 9.A
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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$70.6M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$70.6M for 2 clientsreported
Compensation
% of AUM, 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
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S••• E••••• M••••• N•••••• M••••• F••• L•••Hedge Fund$70.6M18Jan 28, 2019
      Owners and control persons
      Schedule A and B, latest filing
      • D•••••••• C•••• · Chief Investment Officer - Equitiescontrol
        since 08/2018 · owns less than 5%
      • E•••••• J••••••• W•••••• · Chief Financial Officercontrol
        since 08/2018 · owns less than 5%
      • E••••••• M••••• A•••• · Chief Compliance Officercontrol
        since 08/2018 · owns less than 5%
      • V•••• F••••••••• J••••• · Chief Investment Officer - Futurescontrol
        since 08/2018 · owns less than 5%
      • W•••••••• D•••••• · Presidentcontrol
        since 08/2018 · owns less than 5%
      • B•••••• D••••••• L•• · LLC Managercontrol
        since 10/2019 · owns F of S••••••• P••••••• I••••••••• G•••• L••
      • B•••••• D••••••• L•• · LLC Managercontrol
        since 07/2019 · owns F of S••••••• P••••••• Q••••••••• I••••••••• G• L••
      • H••••••••• R•••••• C••••••••• · LLC Managercontrol
        since 07/2019 · owns F of S••••••• P••••••• Q••••••••• I••••••••• G• L••
      • H••••••••• R•••••• C••••••••• · LLC Managercontrol
        since 10/2019 · owns F of S••••••• P••••••• I••••••••• G•••• L••
      • T••••••• S•••••• M•••••• · LLC Managercontrol
        since 10/2019 · owns F of S••••••• P••••••• I••••••••• G•••• L••
      • T••••••• S•••••• M•••••• · LLC Managercontrol
        since 07/2019 · owns F of S••••••• P••••••• Q••••••••• I••••••••• G• L••
      • V•••• F••••••••• J••••• · Limited Partnercontrol
        since 08/2018 · owns 25% to 50% of S••••••• P••••••• Q••••••••• I••••••••• H••••••• L•••
      Entity owners
      • S••••••• P••••••• Q••••••••• I••••••••• H••••••• L••• · Managing Member
        direct · owns 75% or more
      • S••••••• P••••••• I••••••••• G•••• L•• · Limited Partner
        indirect · owns 50% to 75% of S••••••• P••••••• Q••••••••• I••••••••• H••••••• L•••
      • S••••••• P••••••• Q••••••••• I••••••••• G• L•• · General Partner
        indirect · owns F of S••••••• P••••••• Q••••••••• I••••••••• H••••••• L•••
      Related persons
      Schedule D 7.A
      Advisers that list S••••••• P••••••• Q••••••••• I••••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Baltimore, MD
      What changed
      consecutive filings, newest first
      • Accounts · unset to 3.0
        Jan 28, 2019 to Mar 31, 2019
      • Advisory employees · 5 to 6
        Jan 28, 2019 to Mar 31, 2019
      • Assets in custody · $19.5M to $70.6M
        Jan 28, 2019 to Mar 31, 2019
      • Employees · 6 to 7
        Jan 28, 2019 to Mar 31, 2019
      • Discretionary RAUM · unset to 70639461.0
        Jan 28, 2019 to Mar 31, 2019
      • Non-discretionary RAUM · unset to 0.0
        Jan 28, 2019 to Mar 31, 2019
      • Pooled vehicle RAUM · unset to 70639461.0
        Jan 28, 2019 to Mar 31, 2019
      • RAUM · unset to 70639461.0
        Jan 28, 2019 to Mar 31, 2019
      • Advisory employees · 3 to 5
        Oct 26, 2018 to Jan 28, 2019
      • Pooled vehicle clients · unset to 2.0
        Oct 26, 2018 to Jan 28, 2019
      • Assets in custody · unset to 19500000.0
        Oct 26, 2018 to Jan 28, 2019
      • Custody of client assets · false to true
        Oct 26, 2018 to Jan 28, 2019
      • Employees · 4 to 6
        Oct 26, 2018 to Jan 28, 2019
      • Private funds · unset to 1
        Oct 26, 2018 to Jan 28, 2019
      Signals
      2 dated events
      • John Michael Schmitt (Chief Operating Officer) no longer on Schedule A of S••••••• P••••••• Q••••••••• I••••••••• L•• (listed 2019-03-31, absent 2019-12-02)
        Dec 2, 2019 · Control person left · inference
      • S••••••• P••••••• Q••••••••• I••••••••• L•• filed its initial SEC registration (Form ADV)
        Oct 26, 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