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••••••• L••

Asset manager (funds and pooled vehicles)San Antonio, TexasCRD 306560SEC 801-118462websiteIAPD
Latest filing Mar 11, 2026
First filing on the tape Mar 17, 2020 · 15 filings
SEC status approved since Apr 23, 2020
RAUM
$198M
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
11
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
5
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$198M as of Mar 11, 2026
Mar 29, 2021$306M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 11, 2026
Mar 29, 20210 then
Employees (5.A)11 as of Mar 11, 2026
Mar 29, 202113 then
Private funds5 as of Mar 11, 2026
Mar 29, 20216 then
RAUM -27% over the last fiscal year+6.8% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 11, 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
$39.7MderivedRAUM 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
-27%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
  • 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)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$198M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
5reported
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=false related_bank=false bd_reps=0.0derived
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
      7 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S••••••••• F••• I•• L•Private Equity Fund$44.9M69Mar 17, 2020
      E•• F••• 2• L•Private Equity Fund$30.8M45Mar 29, 2021
      S••••••••• F••• I• L•Private Equity Fund$21.5M42Mar 17, 2020
      S•••••••• N•••••• C•••••• L•Private Equity Fund$13.0M66Mar 29, 2021
      S••••••••• F••• I••• L•Private Equity Fund$6.5M104Mar 27, 2024
      S••••••••• V•••••• F•••••• F••• I• L•Private Equity Fund$207,99913Mar 17, 2020
      E•• O••••••••• F••• 1• L•Private Equity Fund$15,67719Mar 29, 2021
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• E•••••• P••••• · Partnercontrol
        since 12/2019 · owns 50% to 75%
      • M•••••• •••• L••••• J•••••••• · Partnercontrol
        since 12/2019 · owns 50% to 75%
      • A••••••• J••••• M•••• · Cfo, Cco
        since 07/2023 · owns less than 5%
      Related persons
      Schedule D 7.A
      • E•• M••••••••• 1• L••
        pooled vehicle sponsorn
      • E•• M••••••••• 2• L••
        pooled vehicle sponsorn
      • S••••••••• A••••••••• I• L••
        pooled vehicle sponsorn
      • S••••••••• A••••••••• I•• L••
        pooled vehicle sponsorn
      • S••••••••• A••••••••• I••• L••
        pooled vehicle sponsorn
      • S•••••••• N•••••• C••••••• L••
        pooled vehicle sponsorn
      • S••• A••••••••• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Employees · 13 to 11
        Mar 25, 2025 to Mar 11, 2026
      • Discretionary RAUM · $271M to $198M
        Mar 25, 2025 to Mar 11, 2026
      • Pooled vehicle RAUM · $271M to $198M
        Mar 25, 2025 to Mar 11, 2026
      • RAUM · $271M to $198M
        Mar 25, 2025 to Mar 11, 2026
      • Accounts · 7 to 5
        Mar 27, 2024 to Mar 25, 2025
      • Advisory employees · 6 to 7
        Mar 27, 2024 to Mar 25, 2025
      • Pooled vehicle clients · 7 to 5
        Mar 27, 2024 to Mar 25, 2025
      • Financial planning clients · unset to
        Mar 27, 2024 to Mar 25, 2025
      • Private funds · 7 to 5
        Mar 27, 2024 to Mar 25, 2025
      • Discretionary RAUM · $263M to $271M
        Mar 27, 2024 to Mar 25, 2025
      • Pooled vehicle RAUM · $263M to $271M
        Mar 27, 2024 to Mar 25, 2025
      • RAUM · $263M to $271M
        Mar 27, 2024 to Mar 25, 2025
      • Accounts · 6 to 7
        Oct 16, 2023 to Mar 27, 2024
      • Advisory employees · 8 to 6
        Oct 16, 2023 to Mar 27, 2024
      • Pooled vehicle clients · 6 to 7
        Oct 16, 2023 to Mar 27, 2024
      • Assets in custody · 0.0 to unset
        Oct 16, 2023 to Mar 27, 2024
      • Employees · 18 to 13
        Oct 16, 2023 to Mar 27, 2024
      • Private funds · 6 to 7
        Oct 16, 2023 to Mar 27, 2024
      • Discretionary RAUM · $163M to $263M
        Oct 16, 2023 to Mar 27, 2024
      • Pooled vehicle RAUM · $163M to $263M
        Oct 16, 2023 to Mar 27, 2024
      • RAUM · $163M to $263M
        Oct 16, 2023 to Mar 27, 2024
      • Advisory employees · 6 to 8
        Jul 15, 2022 to Mar 30, 2023
      • Assets in custody · $306M to $0
        Jul 15, 2022 to Mar 30, 2023
      • Custody of client assets · true to false
        Jul 15, 2022 to Mar 30, 2023
      • Employees · 17 to 18
        Jul 15, 2022 to Mar 30, 2023
      • Discretionary RAUM · $257M to $163M
        Jul 15, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $257M to $163M
        Jul 15, 2022 to Mar 30, 2023
      • RAUM · $257M to $163M
        Jul 15, 2022 to Mar 30, 2023
      • Related adviser · false to true
        Mar 28, 2022 to Jul 15, 2022
      • Employees · 13 to 17
        Mar 29, 2021 to Mar 28, 2022
      • Discretionary RAUM · $306M to $257M
        Mar 29, 2021 to Mar 28, 2022
      • Pooled vehicle RAUM · $306M to $257M
        Mar 29, 2021 to Mar 28, 2022
      • RAUM · $306M to $257M
        Mar 29, 2021 to Mar 28, 2022
      • Accounts · 3 to 6
        Mar 17, 2020 to Mar 29, 2021
      • Pooled vehicle clients · 3 to 6
        Mar 17, 2020 to Mar 29, 2021
      • Assets in custody · $214M to $306M
        Mar 17, 2020 to Mar 29, 2021
      • Employees · 11 to 13
        Mar 17, 2020 to Mar 29, 2021
      • Private funds · 3 to 6
        Mar 17, 2020 to Mar 29, 2021
      • Discretionary RAUM · $214M to $306M
        Mar 17, 2020 to Mar 29, 2021
      • Pooled vehicle RAUM · $214M to $306M
        Mar 17, 2020 to Mar 29, 2021
      Signals
      6 dated events
      • S••••••••• C••••••• L•• reported RAUM $263.5M, up 62% from $162.9M (2023-10-16 to 2024-03-27)
        Mar 27, 2024 · RAUM change · derived
      • M•••• E••• C••• (Vp, Legal And Cco) no longer on Schedule A of S••••••••• C••••••• L•• (listed 2023-09-14, absent 2023-10-16)
        Oct 16, 2023 · Control person left · inference
      • M•••• E••• C••• (Vp, Legal And Cco) appeared on Schedule A of S••••••••• C••••••• L••
        Apr 28, 2023 · Control person joined · fact
      • M••• C••••••••• W•••••• (Vice President Of Operations And Cco) no longer on Schedule A of S••••••••• C••••••• L•• (listed 2023-03-30, absent 2023-04-28)
        Apr 28, 2023 · Control person left · inference
      • E•••••••• S•••• C••••• (Chief Financial Officer) no longer on Schedule A of S••••••••• C••••••• L•• (listed 2022-07-15, absent 2023-03-30)
        Mar 30, 2023 · Control person left · inference
      • S••••••••• C••••••• L•• filed its initial SEC registration (Form ADV)
        Mar 17, 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/scaleworks-increportedpublic record, Form ADV, Sep 18, 2026
      Firm profile
      linkedin.com/company/elementsaasfinancereportedpublic record, Form ADV, Sep 18, 2026
      Website
      scaleworks.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      210-544-5409reportedpublic record, Form ADV, Mar 11, 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