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

L••••• C•••••• M••••••••• L••

Asset manager (funds and pooled vehicles)Los Angeles, CaliforniaCRD 299577SEC 801-119163websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Jun 26, 2020 · 15 filings
SEC status approved since Jul 27, 2020
RAUM
$288M
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
4
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$288M as of Mar 31, 2026
Mar 31, 2021$218M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 31, 20210 then
Employees (5.A)4 as of Mar 31, 2026
Mar 31, 20216 then
Private funds3 as of Mar 31, 2026
Mar 31, 20211 then
RAUM -14% over the last fiscal year-4.0% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 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
$95.9MderivedRAUM 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
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-14%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
  • 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)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$288M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
reported
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=true related_bank=false bd_reps=1.0derived
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
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      L••••• S•••• I• L•Hedge Fund$118M23Nov 27, 2018
      L••••• S•••• I•• L•Hedge Fund$42.5M24Mar 30, 2022
      L••••• I• S•• 1• L•Hedge Fund$30.6M2Mar 31, 2022
      Owners and control persons
      Schedule A and B, latest filing
      • L•••••• J••••••• A•••• · Manager, Ccocontrol
        since 10/2018 · owns less than 5%
      • M•••••• G••••••• N•••• · Trustee Of T•• B•••••• • M••••• F••••• T••••control
        since 05/2013 · owns less than 5%
      • L•••••• J••••••• A•••• · Trustee Of J•••••• A•• S••••• L• S••• F••••• T••••control
        since 06/2002 · owns F of J•••••• A•• S••••• L• S••• F••••• T••••
      • M•••••• G••••••• N•••• · Trustee Of T•• B•••••• • M••••• F••••• T••••control
        since 05/2013 · owns F of T•• B•••••• • M••••• F••••• T••••
      • P••••• R•••••• D••••• · Trustee Of The P•••• F••••• T••••control
        since 05/2019 · owns F of P•••• F••••• T••••
      • P••••• R•••••• D••••• · Trustee Of P•••• F••••• T••••
        since 05/2019 · owns less than 5%
      Entity owners
      • J•••••• A•• S••••• L• S••• F••••• T•••• · Member
        direct · owns 25% to 50%
      • P•••• F••••• T•••• · Member
        direct · owns 25% to 50%
      • T•• B•••••• • M••••• F••••• T•••• · Member
        direct · owns 25% to 50%
      Related persons
      Schedule D 7.A
      Advisers that list L••••• C•••••• M••••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • custody status changedChange between filings · filing Mar 31, 2026
        custody of client assets (Item 9.A): yes on the filing of 2025-03-28, no on the filing of 2026-03-31
        peers: asset managers, $100M to $500M (1,567)
      What changed
      consecutive filings, newest first
      • Advisory employees · 5 to 4
        Mar 28, 2025 to Mar 31, 2026
      • Custody of client assets · true to false
        Mar 28, 2025 to Mar 31, 2026
      • Employees · 5 to 4
        Mar 28, 2025 to Mar 31, 2026
      • Discretionary RAUM · $334M to $288M
        Mar 28, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $334M to $288M
        Mar 28, 2025 to Mar 31, 2026
      • RAUM · $334M to $288M
        Mar 28, 2025 to Mar 31, 2026
      • Assets in custody · $192M to $288M
        Oct 10, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Oct 10, 2024 to Mar 28, 2025
      • Discretionary RAUM · $256M to $334M
        Oct 10, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $256M to $334M
        Oct 10, 2024 to Mar 28, 2025
      • RAUM · $256M to $334M
        Oct 10, 2024 to Mar 28, 2025
      • HQ city · SAN RAFAEL to LOS ANGELES
        Mar 29, 2024 to Jun 5, 2024
      • Other offices · 1 to 0
        Mar 29, 2024 to Jun 5, 2024
      • Advisory employees · 6 to 5
        Jun 5, 2024 to Jun 5, 2024
      • Employees · 6 to 5
        Jun 5, 2024 to Jun 5, 2024
      • Advisory employees · 7 to 6
        May 8, 2023 to Mar 29, 2024
      • BD registered reps · 2 to 1
        May 8, 2023 to Mar 29, 2024
      • Assets in custody · $266M to $192M
        May 8, 2023 to Mar 29, 2024
      • Employees · 7 to 6
        May 8, 2023 to Mar 29, 2024
      • Discretionary RAUM · $325M to $256M
        May 8, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $325M to $256M
        May 8, 2023 to Mar 29, 2024
      • RAUM · $325M to $256M
        May 8, 2023 to Mar 29, 2024
      • Assets in custody · $252M to $266M
        Jun 3, 2022 to Mar 31, 2023
      • Other offices · 2 to 1
        Jun 3, 2022 to Mar 31, 2023
      • Discretionary RAUM · $377M to $325M
        Jun 3, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $377M to $325M
        Jun 3, 2022 to Mar 31, 2023
      • RAUM · $377M to $325M
        Jun 3, 2022 to Mar 31, 2023
      • HQ city · EL SEGUNDO to SAN RAFAEL
        Mar 31, 2022 to Jun 3, 2022
      • Accounts · 1 to 3
        Mar 22, 2022 to Mar 31, 2022
      • Advisory employees · 6 to 7
        Mar 22, 2022 to Mar 31, 2022
      • Pooled vehicle clients · 1 to 3
        Mar 22, 2022 to Mar 31, 2022
      • Assets in custody · unset to 251840495.0
        Mar 22, 2022 to Mar 31, 2022
      • Custody of client assets · false to true
        Mar 22, 2022 to Mar 31, 2022
      • Employees · 6 to 7
        Mar 22, 2022 to Mar 31, 2022
      • Private funds · 1 to 3
        Mar 22, 2022 to Mar 31, 2022
      • Discretionary RAUM · $218M to $377M
        Mar 22, 2022 to Mar 31, 2022
      • Pooled vehicle RAUM · $218M to $377M
        Mar 22, 2022 to Mar 31, 2022
      • RAUM · $218M to $377M
        Mar 22, 2022 to Mar 31, 2022
      • Private funds · 2 to 1
        Jun 26, 2020 to Mar 31, 2021
      • Discretionary RAUM · $165M to $218M
        Jun 26, 2020 to Mar 31, 2021
      Signals
      4 dated events
      • Katherine Anne Woodworth (Cco, Vp Of Legal) no longer on Schedule A of L••••• C•••••• M••••••••• L•• (listed 2024-06-12, absent 2024-10-10)
        Oct 10, 2024 · Control person left · inference
      • L••••• C•••••• M••••••••• L•• reported RAUM $376.6M, up 73% from $217.9M (2022-03-22 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Katherine Annie Woodworth (Cco, Vp Of Legal) appeared on Schedule A of L••••• C•••••• M••••••••• L••
        Feb 8, 2022 · Control person joined · fact
      • L••••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Jun 26, 2020 · 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
      Firm profile
      linkedin.com/company/liquid-stockreportedpublic record, Form ADV, Sep 18, 2026
      Website
      l•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      310-968-5015reportedpublic record, Form ADV, Mar 31, 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