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

L••••••••• A••••••• I•••

Former SEC-registered adviserReading, PennsylvaniaCRD 308454SEC 801-118561websiteIAPD
Latest filing Mar 20, 2025
First filing on the tape Mar 27, 2020 · 20 filings
SEC status approved since Apr 27, 2020
RAUM
$279M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
78%
$218M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
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
20 filings and snapshots on the tape
RAUM$279M as of Mar 20, 2025
Mar 10, 2021$176M then
HNW client RAUM$209M as of Mar 20, 2025
Mar 10, 2021$166M then
State-registered IARs (5.B.3)3 as of Mar 20, 2025
Mar 10, 20214 then
Employees (5.A)4 as of Mar 20, 2025
Mar 10, 20214 then
Private funds: no history
RAUM +11% over the last fiscal year+5.5% a year over threeIARs 3 to 3offices 0 to 1
Practice profile
derived from the filing of Mar 20, 2025; every figure names its basis
RAUM per advisor
$92.9MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
38derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.8MderivedHNW RAUM over HNW clients
Average account
$829,025derivedRAUM over accounts (5.F.2.f)
Discretionary
98%derivedof RAUM
Institutional
2.7%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
+11%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+22%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
Custody
$230M, 60 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)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$209M75%
  • Corporations and businesses$52.7M19%
  • Individuals$9.4M3.4%
  • Pension and profit-sharing plans$7.5M2.7%
Individual clients
39reported
HNW clients
74reported
Pension plan clients
1reported
Charitable clients
0reported
Accounts
336reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$230M for 60 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
3 left, 0 joined in 12 months
net -3 in 12 months0 left in 90 days0 joined in 90 days3 left over 36 months
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • K•••• J••••• D•••• · President & Chief Compliance Officercontrol
      since 01/2020 · 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
    Reading, Pa · principal003
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 277 to 336
      Mar 19, 2024 to Mar 20, 2025
    • Corporate clients · 5 to 4
      Mar 19, 2024 to Mar 20, 2025
    • HNW clients · 66 to 74
      Mar 19, 2024 to Mar 20, 2025
    • Individual clients · 27 to 39
      Mar 19, 2024 to Mar 20, 2025
    • Assets in custody · $50.3M to $230M
      Mar 19, 2024 to Mar 20, 2025
    • Employees · 3 to 4
      Mar 19, 2024 to Mar 20, 2025
    • Financial planning clients · unset to
      Mar 19, 2024 to Mar 20, 2025
    • Other offices · 0 to 1
      Mar 19, 2024 to Mar 20, 2025
    • Discretionary RAUM · $245M to $273M
      Mar 19, 2024 to Mar 20, 2025
    • HNW RAUM · $185M to $209M
      Mar 19, 2024 to Mar 20, 2025
    • Individual RAUM · $7.5M to $9.4M
      Mar 19, 2024 to Mar 20, 2025
    • Non-discretionary RAUM · $6.8M to $5.5M
      Mar 19, 2024 to Mar 20, 2025
    • Pension RAUM · $7.0M to $7.5M
      Mar 19, 2024 to Mar 20, 2025
    • RAUM · $252M to $279M
      Mar 19, 2024 to Mar 20, 2025
    • Accounts · 256 to 277
      Apr 4, 2023 to Mar 19, 2024
    • Advisory activities · 2 to 3
      Apr 4, 2023 to Mar 19, 2024
    • Corporate clients · 1 to 5
      Apr 4, 2023 to Mar 19, 2024
    • HNW clients · 68 to 66
      Apr 4, 2023 to Mar 19, 2024
    • Individual clients · 29 to 27
      Apr 4, 2023 to Mar 19, 2024
    • Assets in custody · $216M to $50.3M
      Apr 4, 2023 to Mar 19, 2024
    • Discretionary RAUM · $210M to $245M
      Apr 4, 2023 to Mar 19, 2024
    • HNW RAUM · $203M to $185M
      Apr 4, 2023 to Mar 19, 2024
    • Individual RAUM · $5.0M to $7.5M
      Apr 4, 2023 to Mar 19, 2024
    • Non-discretionary RAUM · $3.7M to $6.8M
      Apr 4, 2023 to Mar 19, 2024
    • Pension RAUM · $6.1M to $7.0M
      Apr 4, 2023 to Mar 19, 2024
    • RAUM · $214M to $252M
      Apr 4, 2023 to Mar 19, 2024
    • Assets in custody · unset to 216159023.0
      Mar 29, 2023 to Apr 4, 2023
    • Custody of client assets · false to true
      Mar 29, 2023 to Apr 4, 2023
    • Accounts · 227 to 256
      Mar 22, 2023 to Mar 28, 2023
    • HNW clients · 36 to 68
      Mar 22, 2023 to Mar 28, 2023
    • Individual clients · 18 to 29
      Mar 22, 2023 to Mar 28, 2023
    • Organization form · Limited Liability Company to Corporation
      Mar 22, 2023 to Mar 28, 2023
    • Discretionary RAUM · $233M to $210M
      Mar 22, 2023 to Mar 28, 2023
    • HNW RAUM · $221M to $203M
      Mar 22, 2023 to Mar 28, 2023
    • Individual RAUM · $8.1M to $5.0M
      Mar 22, 2023 to Mar 28, 2023
    • Non-discretionary RAUM · $3.9M to $3.7M
      Mar 22, 2023 to Mar 28, 2023
    • Pension RAUM · $6.9M to $6.1M
      Mar 22, 2023 to Mar 28, 2023
    • RAUM · $237M to $214M
      Mar 22, 2023 to Mar 28, 2023
    • Succession · false to true
      Mar 22, 2023 to Mar 28, 2023
    • Business name · L••••••••• A•••••••• L•• to L••••••••• A••••••• I•••
      Mar 28, 2023 to Mar 28, 2023
    Signals
    7 dated events
    • L••••••••• A••••••• I••• no longer on the SEC adviser roster (last listed 2026-01-02, RAUM $278.6M)
      Feb 2, 2026 · Left the SEC roster · derived
    • L••• N••••••• P••• left L••••••••• A••••••• I••• for D••••• W•••••• L•• (registered 2025-12-15)
      Dec 18, 2025 · Advisor changed firm · fact
    • J•••• D•••• K••• left L••••••••• A••••••• I••• for D••••• W•••••• L•• (registered 2025-12-15)
      Dec 18, 2025 · Advisor changed firm · fact
    • L••••••••• A••••••• I•••'s advisors moved to D••••• W•••••• L•• (Reading, PA): 3 of 3 registered, on the same day
      Dec 18, 2025 · Firm absorbed (people side) · derived
    • T•••• L•• M••••• left L••••••••• A••••••• I••• for D••••• W•••••• L•• (registered 2025-12-15)
      Dec 18, 2025 · Advisor changed firm · fact
    • L••••••••• A•••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)
      Mar 28, 2023 · Succession (Item 4) · fact
    • L••••••••• A•••••••• L•• filed its initial SEC registration (Form ADV)
      Mar 27, 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