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••••••• A•••••••

Other adviserNaples, FloridaCRD 308154SEC 801-118783websiteIAPD
Legal name S••••••• A•••••••• L••
Latest filing Feb 23, 2026
First filing on the tape Apr 22, 2020 · 22 filings
SEC status approved since May 26, 2020
RAUM
$209M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
19%
$39.2M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$69.6M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$209M as of Feb 23, 2026
Mar 24, 2021$113M then
HNW client RAUM$39.2M as of Feb 23, 2026
Mar 28, 2022$15.0M then
State-registered IARs (5.B.3)3 as of Feb 23, 2026
Mar 24, 20212 then
Employees (5.A)4 as of Feb 23, 2026
Mar 24, 20213 then
Private funds: no history
RAUM +26% over the last fiscal year+18% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Feb 23, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
  • OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
RAUM per advisor
$69.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$9.8MderivedHNW RAUM over HNW clients
Average account
$5.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
81%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
1.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+26%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Charitable organizations$169M81%
  • High-net-worth individuals$39.2M19%
Individual clients
n/areported
HNW clients
4reported
Pension plan clients
n/areported
Charitable clients
4reported
Accounts
37reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.19 fund_share=0.0 institutional_share=0.81 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J•••• W••••••• L••••••Naples, FlJun 10, 202026 y1
J••••• A• E••••••Glen Ellyn, IlAug 14, 202024 y2
M•••••• G•••••• R•••••••••Evanston, Il Jul 3, 202512 y0
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 headcount0 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • D••••••• V•••••••• L••• · Chief Compliance Officercontrol
    since 04/2020 · owns less than 5%
  • L••••••• J••••• W••••••• · Founder And Principalcontrol
    since 04/2020 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Naples, Fl · principal200
Offices
Schedule D 1.F, the 25 largest
  • Chicago, IL2 employees
What changed
consecutive filings, newest first
  • Accounts · 34 to 37
    Jul 8, 2025 to Feb 23, 2026
  • Advisory employees · 4 to 3
    Jul 8, 2025 to Feb 23, 2026
  • Discretionary RAUM · $165M to $209M
    Jul 8, 2025 to Feb 23, 2026
  • HNW RAUM · $27.3M to $39.2M
    Jul 8, 2025 to Feb 23, 2026
  • RAUM · $165M to $209M
    Jul 8, 2025 to Feb 23, 2026
  • Financial planning clients · 0 to 0
    Jan 31, 2025 to Jul 8, 2025
  • Accounts · 25 to 34
    Dec 4, 2024 to Jan 31, 2025
  • Charity clients · 3 to 4
    Dec 4, 2024 to Jan 31, 2025
  • State-registered IARs · 2 to 3
    Dec 4, 2024 to Jan 31, 2025
  • Discretionary RAUM · $127M to $165M
    Dec 4, 2024 to Jan 31, 2025
  • HNW RAUM · $16.2M to $27.3M
    Dec 4, 2024 to Jan 31, 2025
  • RAUM · $127M to $165M
    Dec 4, 2024 to Jan 31, 2025
  • Accounts · 29 to 25
    Aug 25, 2023 to Mar 18, 2024
  • HNW clients · 5 to 4
    Aug 25, 2023 to Mar 18, 2024
  • Financial planning clients · unset to 0
    Aug 25, 2023 to Mar 18, 2024
  • Discretionary RAUM · $114M to $127M
    Aug 25, 2023 to Mar 18, 2024
  • HNW RAUM · $13.3M to $16.2M
    Aug 25, 2023 to Mar 18, 2024
  • Non-discretionary RAUM · $11.9M to $0
    Aug 25, 2023 to Mar 18, 2024
  • RAUM · $126M to $127M
    Aug 25, 2023 to Mar 18, 2024
  • Accounts · 22 to 29
    Nov 15, 2022 to Mar 17, 2023
  • Discretionary RAUM · $149M to $114M
    Nov 15, 2022 to Mar 17, 2023
  • HNW RAUM · $15.0M to $13.3M
    Nov 15, 2022 to Mar 17, 2023
  • Non-discretionary RAUM · $0 to $11.9M
    Nov 15, 2022 to Mar 17, 2023
  • RAUM · $149M to $126M
    Nov 15, 2022 to Mar 17, 2023
  • Other offices · 0 to 1
    Mar 28, 2022 to Apr 13, 2022
  • Accounts · 8 to 22
    Sep 20, 2021 to Mar 28, 2022
  • Advisory employees · 3 to 4
    Sep 20, 2021 to Mar 28, 2022
  • Charity clients · unset to 3.0
    Sep 20, 2021 to Mar 28, 2022
  • HNW clients · unset to 5.0
    Sep 20, 2021 to Mar 28, 2022
  • Employees · 3 to 4
    Sep 20, 2021 to Mar 28, 2022
  • Discretionary RAUM · $113M to $149M
    Sep 20, 2021 to Mar 28, 2022
  • HNW RAUM · unset to 15045098.0
    Sep 20, 2021 to Mar 28, 2022
  • RAUM · $113M to $149M
    Sep 20, 2021 to Mar 28, 2022
  • Advisory employees · 1 to 3
    Sep 30, 2020 to Mar 24, 2021
  • Advisory activities · 2 to 3
    Sep 30, 2020 to Mar 24, 2021
  • Employees · 1 to 3
    Sep 30, 2020 to Mar 24, 2021
  • State-registered IARs · 0 to 2
    Sep 30, 2020 to Mar 24, 2021
  • Discretionary RAUM · $100M to $113M
    Sep 30, 2020 to Mar 24, 2021
  • RAUM · $100M to $113M
    Sep 30, 2020 to Mar 24, 2021
  • HQ city · MIAMI to NAPLES
    Jul 31, 2020 to Sep 30, 2020
Signals
1 dated events
  • S••••••• A•••••••• L•• filed its initial SEC registration (Form ADV)
    Apr 22, 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.
How to reach
public business contact points only, each with its source
Website
southcoladvisors.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
239-228-8747reportedpublic record, Form ADV, Feb 23, 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
Other adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
$69.6Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026