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•••••• F••••••••• L••

Asset manager (funds and pooled vehicles)Roseville, CaliforniaCRD 299405SEC 801-114428websiteIAPD
Latest filing Jun 2, 2026
First filing on the tape Nov 13, 2018 · 33 filings
SEC status approved since Dec 11, 2018
RAUM
$169M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$169M
derived; firm RAUM over IAPD count
Employees
9
3 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
2
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$169M as of Jun 2, 2026
Mar 27, 2019$156M then
HNW client RAUM$54.4M as of Feb 27, 2024
Mar 27, 2019$125M then
State-registered IARs (5.B.3)1 as of Jun 2, 2026
Mar 27, 20191 then
Employees (5.A)9 as of Jun 2, 2026
Mar 27, 20191 then
Private funds2 as of Jun 2, 2026
Mar 14, 20222 then
RAUM +1.4% over the last fiscal year-2.4% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Jun 2, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$169MderivedRAUM 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
$84.3MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
9.0derivedItem 5.A over advisors
Advisors per office
0.3derived4 offices incl. principal (1.F.5)
RAUM growth, one year
+1.4%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehicles, selection of other advisers, otherreportedItem 5.G
Custody
$169M, 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)
  • 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$169M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
2reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$169M for 2 clientsreported
Compensation
% of AUMreported
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
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
S•••••• A•••••••• K•• S•• B••••••Roseville, CaFeb 3, 202016 y4
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
Private funds
2 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
J•••• P••••••• B• L•Hedge Fund$37.5M269Apr 19, 2021
J•••• P••••••• A• L•Hedge Fund$8.9M34Apr 19, 2021
Owners and control persons
Schedule A and B, latest filing
  • M••••••• M••• · Vice President, Chief Compliance Officer, And Office Operationscontrol
    since 07/2019 · owns less than 5%
  • S••••••• M••••••• L••••••• · Managing Membercontrol
    since 04/2017 · owns 75% or more
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
  • employee count dropChange between filings · filing Apr 1, 2026
    employees (Item 5.A) moved from 15.0 to 9.0 (-40.0%) between the annual amendments of 2025-03-28 and 2026-04-01; the peer median change was 0.0% (393 comparable advisers, 5.0th percentile of changes)
    peers: asset managers, $100M to $500M (393) · 4.6% percentile
What changed
consecutive filings, newest first
  • Assets in custody · $166M to $169M
    Jul 31, 2025 to Apr 1, 2026
  • Employees · 14 to 9
    Jul 31, 2025 to Apr 1, 2026
  • Discretionary RAUM · $166M to $169M
    Jul 31, 2025 to Apr 1, 2026
  • Pooled vehicle RAUM · $166M to $169M
    Jul 31, 2025 to Apr 1, 2026
  • RAUM · $166M to $169M
    Jul 31, 2025 to Apr 1, 2026
  • Assets in custody · $166M to $166M
    Mar 28, 2025 to Jul 31, 2025
  • Employees · 15 to 14
    Mar 28, 2025 to Jul 31, 2025
  • Financial planning clients · unset to
    Mar 28, 2025 to Jul 31, 2025
  • Discretionary RAUM · $166M to $166M
    Mar 28, 2025 to Jul 31, 2025
  • Pooled vehicle RAUM · $166M to $166M
    Mar 28, 2025 to Jul 31, 2025
  • RAUM · $166M to $166M
    Mar 28, 2025 to Jul 31, 2025
  • Accounts · 359 to 2
    Mar 16, 2024 to Mar 28, 2025
  • Advisory employees · 1 to 3
    Mar 16, 2024 to Mar 28, 2025
  • Advisory activities · 2 to 3
    Mar 16, 2024 to Mar 28, 2025
  • HNW clients · 34 to 0
    Mar 16, 2024 to Mar 28, 2025
  • Individual clients · 323 to 0
    Mar 16, 2024 to Mar 28, 2025
  • Assets in custody · $136M to $166M
    Mar 16, 2024 to Mar 28, 2025
  • Employees · 4 to 15
    Mar 16, 2024 to Mar 28, 2025
  • Other offices · 0 to 3
    Mar 16, 2024 to Mar 28, 2025
  • Discretionary RAUM · $182M to $166M
    Mar 16, 2024 to Mar 28, 2025
  • HNW RAUM · 54359022.0 to unset
    Mar 16, 2024 to Mar 28, 2025
  • Individual RAUM · 81145919.0 to unset
    Mar 16, 2024 to Mar 28, 2025
  • Pooled vehicle RAUM · $46.4M to $166M
    Mar 16, 2024 to Mar 28, 2025
  • RAUM · $182M to $166M
    Mar 16, 2024 to Mar 28, 2025
  • Accounts · 340 to 359
    Feb 23, 2023 to Feb 27, 2024
  • Advisory employees · 2 to 1
    Feb 23, 2023 to Feb 27, 2024
  • HNW clients · 35 to 34
    Feb 23, 2023 to Feb 27, 2024
  • Individual clients · 303 to 323
    Feb 23, 2023 to Feb 27, 2024
  • Assets in custody · $182M to $136M
    Feb 23, 2023 to Feb 27, 2024
  • Discretionary RAUM · $182M to $182M
    Feb 23, 2023 to Feb 27, 2024
  • HNW RAUM · $55.4M to $54.4M
    Feb 23, 2023 to Feb 27, 2024
  • Individual RAUM · $78.9M to $81.1M
    Feb 23, 2023 to Feb 27, 2024
  • Pooled vehicle RAUM · $47.3M to $46.4M
    Feb 23, 2023 to Feb 27, 2024
  • RAUM · $182M to $182M
    Feb 23, 2023 to Feb 27, 2024
  • Accounts · 347 to 340
    Mar 14, 2022 to Feb 23, 2023
  • HNW clients · 31 to 35
    Mar 14, 2022 to Feb 23, 2023
  • Individual clients · 316 to 303
    Mar 14, 2022 to Feb 23, 2023
  • Assets in custody · $173M to $182M
    Mar 14, 2022 to Feb 23, 2023
  • Discretionary RAUM · $184M to $182M
    Mar 14, 2022 to Feb 23, 2023
  • HNW RAUM · $50.2M to $55.4M
    Mar 14, 2022 to Feb 23, 2023
Signals
2 dated events
  • M••• M•••••• (Chief Compliance Officer/ Vp Of Operations) appeared on Schedule A of S•••••• F••••••••• L••
    Aug 6, 2019 · Control person joined · fact
  • S•••••• F••••••••• L•• filed its initial SEC registration (Form ADV)
    Nov 13, 2018 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Website
s•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
916-663-6723reportedpublic record, Form ADV, Jun 2, 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
$169Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026