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••••••• M••••• D• A•••• M••••••••• ••••••••• P••• L•••
Latest filing Mar 30, 2026
First filing on the tape Jun 22, 2020 · 17 filings
SEC status approved since Jul 23, 2020
RAUM
$444M
reported, Item 5.F
Discretionary
0.0%
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
18
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$444M as of Mar 30, 2026
Mar 22, 2021$2.4B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 22, 20218 then
Employees (5.A)18 as of Mar 30, 2026
Mar 22, 202115 then
Private funds1 as of Mar 30, 2026
Mar 19, 20251 then
RAUM -9.6% over the last fiscal year-14% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 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
- $444MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 0.0%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
- -9.6%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 assetsreportedItem 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)
- 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
- Pooled investment vehicles$444M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true 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
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- S•••• A•••••• · Chief Executive Officer/ Directorcontrolsince 04/2024 · owns less than 5%
- S•••••• T••••••• · Non-Executive Directorcontrolsince 07/2024 · owns less than 5%
- W•• M•••• E••• N• · Chief Compliance Officercontrolsince 05/2024 · owns less than 5%
Entity owners
- S••••••• M••••• D• A•••• M••••••••• C••••••• L•••••• · Shareholderdirect · owns 75% or more
- S••••••• M••••• F•••••••• G••••• I••• · Indirect Shareholderindirect · owns 50% to 75% of S••••••• M••••• D• A•••• M••••••••• C••••••• L••••••
Related persons
Schedule D 7.A
- D•••• S••••••••• C•• L•••broker-dealern
- M••••• S••••••• I•••••••• C••••••• L••••••real estaten
- N•••• G••••• W••• L•••investment advisern
- S••• N•••• S••••••••• I•••broker-dealern
- S••••••• L••• I•••••••• C••••••real estaten
- S••••••• M••••• B•••••• C•••••••••n
- S••••••• M••••• D• A•••• M••••••••• •••• K•••• L••••••investment advisernRAUM $567M
- S••••••• M••••• D• A•••• M••••••••• ••• L••••••investment advisern
- S••• Asset Management, Inc.investment advisern
- S••••••• M••••• D• A•••• M••••••••• C••••••• L••••••investment adviseryRAUM $178B
- S••••••• M••••• D• P•••••• F••• M••••••••• ••••••••• C••• L•••investment advisern
Advisers that list S••••••• M••••• D• A•••• M••••••••• ••••••••• P••• L••• as a related person
- 301509 y
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Mar 30, 2026discretionary share of RAUM of 0% against a peer median of 100% (1567 comparable advisers, 0.0th percentile, 33.7 robust deviations)peers: asset managers, $100M to $500M (1,567) · 0.0% percentile
- compensation changedChange between filings · filing Mar 30, 2026performance-based compensation (Item 5.E.6): yes on the filing of 2025-12-09, no on the filing of 2026-03-30peers: asset managers, $100M to $500M (1,567)
What changed
consecutive filings, newest first
- Accounts · 6 to 1Dec 9, 2025 to Mar 30, 2026
- Advisory employees · 9 to 8Dec 9, 2025 to Mar 30, 2026
- Advisory activities · 2 to 1Dec 9, 2025 to Mar 30, 2026
- Pooled vehicle clients · 6 to 1Dec 9, 2025 to Mar 30, 2026
- Discretionary RAUM · $8.5M to $0Dec 9, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $482M to $444MDec 9, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $491M to $444MDec 9, 2025 to Mar 30, 2026
- RAUM · $491M to $444MDec 9, 2025 to Mar 30, 2026
- Financial planning clients · unset to Mar 19, 2025 to Jul 1, 2025
- Advisory employees · 11 to 9Oct 14, 2024 to Mar 19, 2025
- Employees · 16 to 18Oct 14, 2024 to Mar 19, 2025
- HQ state · unset to Oct 14, 2024 to Mar 19, 2025
- Private funds · unset to 1Oct 14, 2024 to Mar 19, 2025
- Discretionary RAUM · $8.7M to $8.5MOct 14, 2024 to Mar 19, 2025
- Non-discretionary RAUM · $623M to $482MOct 14, 2024 to Mar 19, 2025
- Pooled vehicle RAUM · $632M to $491MOct 14, 2024 to Mar 19, 2025
- RAUM · $632M to $491MOct 14, 2024 to Mar 19, 2025
- Advisory employees · 9 to 11Mar 14, 2024 to Aug 22, 2024
- Employees · 14 to 16Mar 14, 2024 to Aug 22, 2024
- Accounts · 4 to 6Mar 31, 2023 to Mar 14, 2024
- Advisory employees · 7 to 9Mar 31, 2023 to Mar 14, 2024
- Pooled vehicle clients · 4 to 6Mar 31, 2023 to Mar 14, 2024
- State-registered IARs · 7 to 0Mar 31, 2023 to Mar 14, 2024
- Discretionary RAUM · $8.0M to $8.7MMar 31, 2023 to Mar 14, 2024
- Non-discretionary RAUM · $700M to $623MMar 31, 2023 to Mar 14, 2024
- Pooled vehicle RAUM · $709M to $632MMar 31, 2023 to Mar 14, 2024
- RAUM · $709M to $632MMar 31, 2023 to Mar 14, 2024
- Accounts · 7 to 4Oct 26, 2022 to Mar 31, 2023
- Advisory employees · 6 to 7Oct 26, 2022 to Mar 31, 2023
- Pooled vehicle clients · 7 to 4Oct 26, 2022 to Mar 31, 2023
- Discretionary RAUM · $73.4M to $8.0MOct 26, 2022 to Mar 31, 2023
- Non-discretionary RAUM · $1.0B to $700MOct 26, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $1.1B to $709MOct 26, 2022 to Mar 31, 2023
- RAUM · $1.1B to $709MOct 26, 2022 to Mar 31, 2023
- Accounts · 9 to 7Nov 16, 2021 to Mar 30, 2022
- Pooled vehicle clients · 9 to 7Nov 16, 2021 to Mar 30, 2022
- Discretionary RAUM · $78.0M to $73.4MNov 16, 2021 to Mar 30, 2022
- Non-discretionary RAUM · $1.0B to $1.0BNov 16, 2021 to Mar 30, 2022
- Pooled vehicle RAUM · $1.1B to $1.1BNov 16, 2021 to Mar 30, 2022
- RAUM · $1.1B to $1.1BNov 16, 2021 to Mar 30, 2022
Signals
13 dated events
- Akihiro Sato (Chief Executive Officer/ Director) appeared on Schedule A of S••••••• M••••• D• A•••• M••••••••• ••••••••• P••• L•••Aug 22, 2024 · Control person joined · fact
- Eric Ng Wei Meng (Chief Compliance Officer) appeared on Schedule A of S••••••• M••••• D• A•••• M••••••••• ••••••••• P••• L•••Aug 22, 2024 · Control person joined · fact
- Takenari Suzuki (Non-Executive Director) appeared on Schedule A of S••••••• M••••• D• A•••• M••••••••• ••••••••• P••• L•••Aug 22, 2024 · Control person joined · fact
- Tsuyoshi Imai (Non-Executive Director) no longer on Schedule A of S••••••• M••••• D• A•••• M••••••••• ••••••••• P••• L••• (listed 2024-03-14, absent 2024-08-22)Aug 22, 2024 · Control person left · inference
- Shinji Asai (Ceo/ Executive Director) no longer on Schedule A of S••••••• M••••• D• A•••• M••••••••• ••••••••• P••• L••• (listed 2024-03-14, absent 2024-08-22)Aug 22, 2024 · Control person left · inference
- S••••••• M••••• D• A•••• M••••••••• ••••••••• P••• L••• reported RAUM $708.5M, down 37% from $1.1B (2022-10-26 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- Takashi Kume (Ceo/ Executive Director) no longer on Schedule A of S••••••• M••••• D• A•••• M••••••••• ••••••••• P••• L••• (listed 2022-03-30, absent 2022-04-05)Apr 5, 2022 · Control person left · inference
- Shinji Asai (Ceo/ Executive Director) appeared on Schedule A of S••••••• M••••• D• A•••• M••••••••• ••••••••• P••• L•••Apr 5, 2022 · Control person joined · fact
- Naoya Miyagaki (Non-Executive Director) no longer on Schedule A of S••••••• M••••• D• A•••• M••••••••• ••••••••• P••• L••• (listed 2021-06-30, absent 2021-08-04)Aug 4, 2021 · Control person left · inference
- Tsuyoshi Imai (Non-Executive Director) appeared on Schedule A of S••••••• M••••• D• A•••• M••••••••• ••••••••• P••• L•••Aug 4, 2021 · Control person joined · fact
- S••••••• M••••• D• A•••• M••••••••• ••••••••• P••• L••• reported RAUM $1.2B, down 49% from $2.4B (2021-03-22 to 2021-06-30)Jun 30, 2021 · RAUM change · derived
- S••••••• M••••• D• A•••• M••••••••• ••••••••• P••• L••• reported RAUM $2.4B, up 101% from $1.2B (2020-06-22 to 2021-03-22)Mar 22, 2021 · RAUM change · derived
- S••••••• M••••• D• A•••• M••••••••• ••••••••• P••• L••• filed its initial SEC registration (Form ADV)Jun 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
- smd-am.sgreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 65 6297 6811reportedpublic record, Form ADV, Mar 30, 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