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.

Former SEC-registered adviser

Cale Financial Management LLC

Former SEC-registered adviserKula, HawaiiCRD 309069SEC 801-118879IAPD
Latest filing Aug 17, 2020
First filing on the tape May 8, 2020 · 5 filings
RAUM
$137M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$137M 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
5 filings and snapshots on the tape
RAUM$137M as of Aug 17, 2020
May 8, 2020$137M then
HNW client RAUM$104M as of Aug 17, 2020
May 8, 2020$104M then
State-registered IARs (5.B.3)1 as of Aug 17, 2020
May 8, 20201 then
Employees (5.A)2 as of Aug 17, 2020
May 8, 20202 then
Private funds: no history
Practice profile
derived from the filing of Aug 17, 2020; every figure names its basis
RAUM per advisor
$137MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
68derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$9.5MderivedHNW RAUM over HNW clients
Average account
$564,665derivedRAUM 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 assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, otherreportedItem 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)
  • 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
  • High-net-worth individuals$104M76%
  • Individuals$32.2M24%
Individual clients
57reported
HNW clients
11reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
242reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
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
Joined, latest
none on the tape
    Every departureEvery arrival
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • William Bennett Cale · Managing Member/Chief Compliance Officercontrol
      since 06/2019 · owns 75% or more
    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
    • Organization form · Limited Liability Partnership to Limited Liability Company
      May 8, 2020 to Jun 26, 2020
    • Succession · true to false
      May 8, 2020 to Jun 26, 2020
    Signals
    2 dated events
    • Cale Financial Management Llc reported succeeding to the business of Another Adviser (Form ADV Item 4)
      May 8, 2020 · Succession (Item 4) · fact
    • Cale Financial Management Llc filed its initial SEC registration (Form ADV)
      May 8, 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