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

R•••••• L••

Former SEC-registered adviserLas Vegas, NevadaCRD 305811SEC 801-117732IAPD
Latest filing May 21, 2020
First filing on the tape Nov 4, 2019 · 4 filings
RAUM
$350M
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
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
4 filings and snapshots on the tape
RAUM$350M as of May 21, 2020
Nov 4, 2019$500M then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of May 21, 2020
Nov 4, 20191 then
Employees (5.A)2 as of May 21, 2020
Nov 4, 20193 then
Private funds1 as of May 7, 2020
Nov 4, 20191 then
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of May 21, 2020; every figure names its basis
RAUM per advisor
$350MderivedRAUM 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
$350MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 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, fixed fees, subscription, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisers, publicationsreportedItem 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Other investment advisers$350M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, 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
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • D••••• D••••• L•••• · Founding Partnercontrol
    since 01/2010 · owns 50% to 75%
  • D••••• J•••••••• A•• · Cco
    since 05/2020 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Private funds · 1 to unset
    May 7, 2020 to May 21, 2020
  • Advisory activities · 7 to 5
    Mar 25, 2020 to May 7, 2020
  • Employees · 3 to 2
    Mar 25, 2020 to May 7, 2020
  • Accounts · 2,000 to 1
    Nov 4, 2019 to Mar 25, 2020
  • Other offices · 1 to 0
    Nov 4, 2019 to Mar 25, 2020
  • Discretionary RAUM · $500M to $350M
    Nov 4, 2019 to Mar 25, 2020
  • RAUM · $500M to $350M
    Nov 4, 2019 to Mar 25, 2020
Signals
3 dated events
  • L•••• J••••• H•••••• (Cco) no longer on Schedule A of R•••••• L•• (listed 2020-03-25, absent 2020-05-07)
    May 7, 2020 · Control person left · inference
  • R•••••• L•• reported RAUM $350.0M, down 30% from $500.0M (2019-11-04 to 2020-03-25)
    Mar 25, 2020 · RAUM change · derived
  • R•••••• L•• filed its initial SEC registration (Form ADV)
    Nov 4, 2019 · 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