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••• C••••••
Legal name S••• C••••••• L••
Latest filing Sep 10, 2026
First filing on the tape Mar 28, 2023 · 15 filings
SEC status approved since Apr 27, 2023
RAUM
$351M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
91%
$321M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$58.6M
derived; firm RAUM over IAPD count
Employees
21
6 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$351M as of Jun 9, 2026
Mar 27, 2024$191M then
HNW client RAUM$194M as of Jun 9, 2026
Mar 27, 2024$103M then
State-registered IARs (5.B.3)6 as of Jun 9, 2026
Mar 27, 20242 then
Employees (5.A)21 as of Jun 9, 2026
Mar 27, 202413 then
Private funds6 as of Jun 9, 2026
Mar 27, 20241 then
RAUM +31% over the last fiscal yearIARs 4 to 6
Practice profile
derived from the filing of Sep 10, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $58.6MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 111derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.6MderivedHNW RAUM over HNW clients
- Average account
- $149,925derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.5derivedItem 5.A over advisors
- Advisors per office
- 3.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +31%derivedbetween the last two annual amendments
- Advisor growth, one year
- +50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.8%derived
- Compensation
- percentage of assets, fixed fees, performance-based, commissionsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for pooled vehicles, educational seminarsreportedItem 5.G
- Custody
- $30.8M, 4 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)
- marketing includes testimonials (5.L.1.c)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$194M55%
- Individuals$126M36%
- Pooled investment vehicles$30.8M8.8%
- Individual clients
- 593reported
- HNW clients
- 74reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 2,344reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- $30.8M for 4 clientsreported
- Compensation
- % of AUM, fixed, performance, commissionsreported
- Class basis
- private_client_share=0.91 fund_share=0.09 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| A••••• S•••• M••••• | Pensacola, Fl | Dec 6, 2019 | 14 y | 3 |
| L•••• P••• J•••• | Pensacola, Fl | Jul 27, 2022 | 11 y | 0 |
| J•••• L•• V•• | Pensacola, Fl | Mar 20, 2025 | 11 y | 1 |
| W•••••• M•• | Pensacola, Fl | Jun 18, 2025 | 10 y | 1 |
| J•••• D••••• A••• H•••••• | Pensacola, Fl | Dec 16, 2025 | 11 y | 0 |
| A••••• L••• D••• R•• F•••• | Pensacola, Fl | Aug 4, 2026 | 12 y | 0 |
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 headcount2 left over 36 months
Left, latest
- M•••••• J••• M•••• to C•••••• S••••• • C••• I•••Jun 25, 2024 · RIA to affiliated broker-dealer or bank
- E••• M•••••• H••• to C••••• I••••••••• A••••••• L••Oct 4, 2023 · RIA to affiliated broker-dealer or bank
Joined, latest
- W•••••• M•• from E••••• J••••Jun 18, 2025 · Affiliated broker-dealer or bank to independent RIA
- J•••• L•• V•• from F•••• C•••••• A••••••• S•••••••Mar 20, 2025 · Affiliated broker-dealer or bank to independent RIA
- M•••••• J••• M•••• from C•••••• S••••• • C••• I•••Apr 1, 2024 · Affiliated broker-dealer or bank to independent RIA
- A••••• S•••• M••••• from A• W••••• M••••••••• L••Dec 6, 2019 · RIA to RIA
Private funds
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| C••••• F••• 2•••• L• | Private Equity Fund | $13.5M | 90 | Nov 25, 2024 |
| C••••• F•••• L• | Real Estate Fund | $13.0M | 52 | Mar 28, 2023 |
Owners and control persons
Schedule A and B, latest filing
- M•••••• A•••••• S•••• · Manager And Ccocontrolsince 09/2019 · owns 75% or more
Related persons
Schedule D 7.A
- S••• C•••••• I••••••••• L•••real estatey
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Pensacola, Fl | 6 | 2 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Daphne, AL1 employees
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- high employee count relative to advisorsStatic outlier · filing Sep 10, 2026employees per registered advisor of 3.5 against a peer median of 1.2 (1314 comparable advisers, 98.0th percentile, 7.8 robust deviations)peers: independent wealth managers, $100M to $500M (1,314) · 98% percentile
- wealth RIA private fund surgeCombination · filing Mar 31, 2026a wealth manager (private-client share at least 50 percent) whose private fund count grew by three or more and 50 percent or more. RAUM $268,895,818 to $351,424,782, advisors 4 to 6, private clients 662 to 667, offices 1 to 1 (2025-03-28 to 2026-03-31)peers: independent wealth managers, $100M to $500M (5,676)
- HNW share shiftChange between filings · filing Mar 31, 2026HNW share of RAUM moved from 37.0% to 55.0% between the annual amendments of 2025-03-28 and 2026-03-31peers: independent wealth managers, $100M to $500M (5,676)
- private fund count surgeChange between filings · filing Mar 31, 2026private funds (Schedule D 7.B.1) moved from 2.0 to 6.0 (+200.0%) between the annual amendments of 2025-03-28 and 2026-03-31; the peer median change was 0.0% (126 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $100M to $500M (126) · 99% percentile
What changed
consecutive filings, newest first
- Financial planning clients · 101-250 to 101-250Jun 9, 2026 to Sep 10, 2026
- HQ city · to unsetJun 9, 2026 to Sep 10, 2026
- HQ state · to unsetJun 9, 2026 to Sep 10, 2026
- Private funds · 6 to unsetJun 9, 2026 to Sep 10, 2026
- Succession · false to unsetJun 9, 2026 to Sep 10, 2026
- Advisory employees · 4 to 6Oct 14, 2025 to Mar 31, 2026
- Accounts · 1,853 to 2,344Oct 14, 2025 to Mar 31, 2026
- Individual clients · 588 to 593Oct 14, 2025 to Mar 31, 2026
- Pooled vehicle clients · 2 to 4Oct 14, 2025 to Mar 31, 2026
- Assets in custody · $176,885 to $30.8MOct 14, 2025 to Mar 31, 2026
- State-registered IARs · 4 to 6Oct 14, 2025 to Mar 31, 2026
- Private funds · 2 to 6Oct 14, 2025 to Mar 31, 2026
- Discretionary RAUM · $269M to $351MOct 14, 2025 to Mar 31, 2026
- HNW RAUM · $99.4M to $194MOct 14, 2025 to Mar 31, 2026
- Individual RAUM · $139M to $126MOct 14, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $30.4M to $30.8MOct 14, 2025 to Mar 31, 2026
- RAUM · $269M to $351MOct 14, 2025 to Mar 31, 2026
- Accounts · 1,428 to 1,853Nov 25, 2024 to Mar 28, 2025
- Advisory employees · 2 to 4Nov 25, 2024 to Mar 28, 2025
- HNW clients · 123 to 74Nov 25, 2024 to Mar 28, 2025
- Individual clients · 433 to 588Nov 25, 2024 to Mar 28, 2025
- Pooled vehicle clients · 1 to 2Nov 25, 2024 to Mar 28, 2025
- Commission compensation · false to trueNov 25, 2024 to Mar 28, 2025
- Assets in custody · $100,000 to $176,885Nov 25, 2024 to Mar 28, 2025
- Employees · 13 to 21Nov 25, 2024 to Mar 28, 2025
- Financial planning clients · 1-10 to 101-250Nov 25, 2024 to Mar 28, 2025
- HQ city · unset to Nov 25, 2024 to Mar 28, 2025
- HQ state · unset to Nov 25, 2024 to Mar 28, 2025
- State-registered IARs · 2 to 4Nov 25, 2024 to Mar 28, 2025
- Discretionary RAUM · $191M to $269MNov 25, 2024 to Mar 28, 2025
- HNW RAUM · $103M to $99.4MNov 25, 2024 to Mar 28, 2025
- Individual RAUM · $74.7M to $139MNov 25, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $13.0M to $30.4MNov 25, 2024 to Mar 28, 2025
- RAUM · $191M to $269MNov 25, 2024 to Mar 28, 2025
- Private funds · 1 to 2Jun 24, 2024 to Nov 25, 2024
- Accounts · 1,116 to 1,428Jan 24, 2024 to Mar 27, 2024
- HNW clients · 26 to 123Jan 24, 2024 to Mar 27, 2024
- Individual clients · 481 to 433Jan 24, 2024 to Mar 27, 2024
- Pooled vehicle clients · 0 to 1Jan 24, 2024 to Mar 27, 2024
- Assets in custody · $1.0M to $100,000Jan 24, 2024 to Mar 27, 2024
Signals
3 dated events
- M•••••• J••• M•••• left S••• C•••••• for C•••••• S••••• • C••• I••• (registered 2024-07-19)Jun 25, 2024 · Advisor changed firm · fact
- E••• M•••••• H••• left S••• C•••••• for C••••• I••••••••• A••••••• L•• (registered 2024-01-06)Oct 4, 2023 · Advisor changed firm · fact
- S••• C•••••• filed its initial SEC registration (Form ADV)Mar 28, 2023 · ria f•••• adv filing · fact
Across DFX
shared identifiers only, never a name match
- S••• C•••••• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Business phone
- 251-800-7499reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 515-996-4011reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 850-380-9558reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- swan-capital.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (850) 380-9558reportedpublic record, Form ADV, Sep 10, 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $58.6Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026
Across the graphs
S••• C•••••• 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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