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•••• S••••• C•••••• M••••••••• L••

Former SEC-registered adviserNew York, New YorkCRD 306216SEC 801-118995IAPD
Latest filing Feb 24, 2023
First filing on the tape Jun 1, 2020 · 8 filings
RAUM
$92.0M
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
5 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
1
$92.0M gross assets
History
8 filings and snapshots on the tape
RAUM$92.0M as of Feb 24, 2023
Feb 5, 2021$650M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Feb 24, 2023
Feb 5, 20210 then
Employees (5.A)7 as of Feb 24, 2023
Feb 5, 20218 then
Private funds1 as of Feb 24, 2023
Feb 5, 20211 then
RAUM -75% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Feb 24, 2023; 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
$92.0MderivedRAUM 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
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
-75%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, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$92.0M, 1 clientsreportedItem 9.A
Ownership
a PE fund or sponsor is a 25 percent or greater owner on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a broker-dealer (6.A.1)
  • 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$92.0M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$92.0M for 1 clientsreported
Compensation
% of AUMreported
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
      A•• F•••••••• T••••• I•••Other Private Fund$92.0M106Jun 1, 2020
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••• K••••••• D••••••• · Chief Financial Officercontrol
        since 05/2022 · owns less than 5%
      • H••••• B•••••••• M••••• · President And Ceocontrol
        since 11/2018 · owns less than 5%
      • L•••• K••••••• N•••••• · Chief Compliance Officercontrol
        since 07/2020 · owns less than 5%
      • S•••••• B••••• D•••• · Chief Investment Officercontrol
        since 11/2018 · owns less than 5%
      Entity owners
      • S•••• S••••• S••••••••• H••••••• I•• · Owner
        direct · owns 75% or more
      • A•••• M••••••• C•••••• F••• L• · Owner
        indirect · owns 25% to 50% of S•••• S••••• S••••••••• H••••••• I••
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      • Winston Salem, NC3 employees
      • , 1 employees
      What changed
      consecutive filings, newest first
      • Advisory employees · 6 to 5
        Oct 12, 2022 to Feb 24, 2023
      • BD registered reps · 5 to 4
        Oct 12, 2022 to Feb 24, 2023
      • Assets in custody · $367M to $92.0M
        Oct 12, 2022 to Feb 24, 2023
      • Employees · 8 to 7
        Oct 12, 2022 to Feb 24, 2023
      • Discretionary RAUM · $367M to $92.0M
        Oct 12, 2022 to Feb 24, 2023
      • Pooled vehicle RAUM · $367M to $92.0M
        Oct 12, 2022 to Feb 24, 2023
      • RAUM · $367M to $92.0M
        Oct 12, 2022 to Feb 24, 2023
      • Advisory activities · 2 to 1
        May 18, 2022 to Oct 12, 2022
      • Assets in custody · $580M to $367M
        Apr 30, 2021 to Mar 18, 2022
      • Discretionary RAUM · $580M to $367M
        Apr 30, 2021 to Mar 18, 2022
      • Pooled vehicle RAUM · $580M to $367M
        Apr 30, 2021 to Mar 18, 2022
      • RAUM · $580M to $367M
        Apr 30, 2021 to Mar 18, 2022
      • Assets in custody · $650M to $580M
        Feb 5, 2021 to Apr 30, 2021
      • Discretionary RAUM · $650M to $580M
        Feb 5, 2021 to Apr 30, 2021
      • Pooled vehicle RAUM · $650M to $580M
        Feb 5, 2021 to Apr 30, 2021
      • RAUM · $650M to $580M
        Feb 5, 2021 to Apr 30, 2021
      • Assets in custody · $657M to $650M
        Jan 7, 2021 to Feb 5, 2021
      • Discretionary RAUM · $657M to $650M
        Jan 7, 2021 to Feb 5, 2021
      • Pooled vehicle RAUM · $657M to $650M
        Jan 7, 2021 to Feb 5, 2021
      • RAUM · $657M to $650M
        Jan 7, 2021 to Feb 5, 2021
      • Advisory activities · 4 to 2
        Jun 1, 2020 to Jan 7, 2021
      • BD registered reps · 7 to 5
        Jun 1, 2020 to Jan 7, 2021
      • Assets in custody · unset to 657348072.0
        Jun 1, 2020 to Jan 7, 2021
      • Custody of client assets · false to true
        Jun 1, 2020 to Jan 7, 2021
      • Employees · 7 to 8
        Jun 1, 2020 to Jan 7, 2021
      • Other offices · 1 to 2
        Jun 1, 2020 to Jan 7, 2021
      • Discretionary RAUM · $670M to $657M
        Jun 1, 2020 to Jan 7, 2021
      • Pooled vehicle RAUM · $670M to $657M
        Jun 1, 2020 to Jan 7, 2021
      • RAUM · $670M to $657M
        Jun 1, 2020 to Jan 7, 2021
      • Related adviser · true to false
        Jun 1, 2020 to Jan 7, 2021
      Signals
      8 dated events
      • S•••• S••••• C•••••• M••••••••• L•• reported RAUM $92.0M, down 75% from $366.6M (2022-10-12 to 2023-02-24)
        Feb 24, 2023 · RAUM change · derived
      • John David Deblase (Chief Financial Officer) no longer on Schedule A of S•••• S••••• C•••••• M••••••••• L•• (listed 2022-03-18, absent 2022-05-18)
        May 18, 2022 · Control person left · inference
      • Dittrich Karsten Berlage (Chief Financial Officer) appeared on Schedule A of S•••• S••••• C•••••• M••••••••• L••
        May 18, 2022 · Control person joined · fact
      • S•••• S••••• C•••••• M••••••••• L•• reported RAUM $366.6M, down 37% from $580.1M (2021-04-30 to 2022-03-18)
        Mar 18, 2022 · RAUM change · derived
      • Martin Benjamin Hough (President And Ceo) appeared on Schedule A of S•••• S••••• C•••••• M••••••••• L••
        Jan 7, 2021 · Control person joined · fact
      • Nunnely Kenneth Lard (Chief Compliance Officer) appeared on Schedule A of S•••• S••••• C•••••• M••••••••• L••
        Jan 7, 2021 · Control person joined · fact
      • David Brian Snyder (Chief Investment Officer) appeared on Schedule A of S•••• S••••• C•••••• M••••••••• L••
        Jan 7, 2021 · Control person joined · fact
      • S•••• S••••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Jun 1, 2020 · 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