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

P••••• S••••• E••••• C•••••• M••••••••• L••

Asset manager (funds and pooled vehicles)Mission Woods, KansasCRD 310321SEC 801-119475websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Aug 17, 2020 · 13 filings
SEC status approved since Sep 17, 2020
RAUM
$9.2B
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
76
33 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
3
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$9.2B as of Mar 31, 2026
Mar 31, 2021$1.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)3 as of Mar 31, 2026
Mar 31, 20212 then
Employees (5.A)76 as of Mar 31, 2026
Mar 31, 202133 then
Private funds3 as of Mar 31, 2026
Mar 31, 20214 then
RAUM +19% over the last fiscal year+20% a year over threeIARs 2 to 3
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
RAUM per advisor
$3.1BderivedRAUM 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
$342MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
25.3derivedItem 5.A over advisors
Advisors per office
1.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+19%derivedbetween the last two annual amendments
Advisor growth, one year
+50%derivedItem 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
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$9.2B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
27reported
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=true bd_reps=5.0derived
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
      19 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      P••••• S••••• C•• 2•••••• L•••Securitized Asset Fund$505M3Mar 31, 2023
      P••••• S••••• C•• 2•••••• L•••Securitized Asset Fund$503M4Mar 31, 2023
      P••••• S••••• E••••••• L••• F•••••• 2••••• D••••••••• A••••••• C••••••Securitized Asset Fund$500M4Mar 31, 2023
      P••••• S••••• E••••••• L••• F•••••• 2••••• D••••••••• A••••••• C••••••Securitized Asset Fund$469M3Mar 31, 2022
      P••••• S••••• E••••••• C•• 2••••• D••••••••• A••••••• C••••••Securitized Asset Fund$443M3Mar 28, 2024
      P••••• S••••• E••••••• C•• 2••••• D••••••••• A••••••• C••••••Securitized Asset Fund$443M2Mar 31, 2023
      P••••• S••••• E••••••• C•• 2••••• D••••••••• A••••••• C••••••Securitized Asset Fund$443M2Mar 31, 2022
      P••••• S••••• E••••••• C•• 2••••• D••••••••• A••••••• C••••••Securitized Asset Fund$442M3Mar 28, 2024
      P••••• S••••• E••••••• L••• F•••••• 2••••• D••••••••• A••••••• C••••••Securitized Asset Fund$441M4Mar 28, 2024
      P••••• S••••• E••••••• L••• F•••••• 2••••• D••••••••• A••••••• C••••••Securitized Asset Fund$432M4Mar 28, 2024
      P••••• S••••• E••••••• L••• F•••••• 2••••• D••••••••• A••••••• C••••••Securitized Asset Fund$419M3Mar 31, 2023
      P••••• S••••• E••••••• L••• F•••••• 2••••• D••••••••• A••••••• C••••••Securitized Asset Fund$411M3Mar 31, 2023
      P••••• S••••• E••••••• L••• F•••••• 2••••• D••••••••• A••••••• C••••••Securitized Asset Fund$405M5Mar 31, 2021
      P••••• S••••• C•• 2•••••• L•••Securitized Asset Fund$402M4Mar 31, 2021
      P••••• S••••• E••••••• C•• 2••••• D••••••••• A••••••• C••••••Securitized Asset Fund$388M3Mar 31, 2022
      P••••• S••••• E••••••• C•• 2••••• D••••••••• A••••••• C••••••Securitized Asset Fund$387M3Mar 31, 2022
      P••••• S••••• E••••••• L••• F•••••• 2••••• D••••••••• A••••••• C••••••Securitized Asset Fund$385M4Mar 28, 2024
      P••••• S••••• E••••••• L••• F•••••• 2••••• D••••••••• A••••••• C••••••no longer reportedSecuritized Asset Fund$366M4Mar 31, 2021
      P••••• S••••• E••••••• L••• F•••••• 2••••• D••••••••• A••••••• C••••••no longer reportedSecuritized Asset Fund$245M1Aug 17, 2020
      Owners and control persons
      Schedule A and B, latest filing
      • B•••• S••••• A••••• · Chief Operating Officercontrol
        since 03/2018 · owns less than 5%
      • B••••• S••••• R•••• · Chief Compliance Officercontrol
        since 03/2021 · owns less than 5%
      • F••• J••••••• D•••• · Presidentcontrol
        since 03/2020 · owns less than 5%
      • L•••• A••••• K••••••• · Chief Investment Officercontrol
        since 02/2011 · owns less than 5%
      • L•••• C••••••••• D••• · Chief Executive Officercontrol
        since 12/2009 · owns less than 5%
      • L•••• A••••• K••••••• · Trusteecontrol
        since 10/2019 · owns F of A•••• K• L••• I••••••••• T••••
      • L•••• C••••••••• D••• · Trusteecontrol
        since 01/2020 · owns F of C••••••••• D• L••• I••••••••• T••••
      Entity owners
      • P••••• S••••• C•••••• M••••••••• L•• · Managing Member
        direct · owns 75% or more
      • A•••• K• L••• I••••••••• T•••• · Member
        indirect · owns 50% to 75% of P••••• S••••• H•••••••• L••
      • C••••••••• D• L••• I••••••••• T•••• · Member
        indirect · owns 25% to 50% of P••••• S••••• H•••••••• L••
      • P••••• S••••• H•••••••• L•• · Managing Member
        indirect · owns 50% to 75% of P••••• S••••• C•••••• M••••••••• L••
      Related persons
      Schedule D 7.A
      Advisers that list P••••• S••••• E••••• C•••••• M••••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • London, United Kingdom7 employees
      • , 2 employees
      What changed
      consecutive filings, newest first
      • Accounts · 22 to 27
        Nov 18, 2025 to Mar 31, 2026
      • BD registered reps · 4 to 5
        Nov 18, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 22 to 27
        Nov 18, 2025 to Mar 31, 2026
      • Employees · 71 to 76
        Nov 18, 2025 to Mar 31, 2026
      • State-registered IARs · 2 to 3
        Nov 18, 2025 to Mar 31, 2026
      • Private funds · 22 to 3
        Nov 18, 2025 to Mar 31, 2026
      • Discretionary RAUM · $7.8B to $9.2B
        Nov 18, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $7.8B to $9.2B
        Nov 18, 2025 to Mar 31, 2026
      • RAUM · $7.8B to $9.2B
        Nov 18, 2025 to Mar 31, 2026
      • Accounts · 17 to 22
        Mar 28, 2024 to Mar 28, 2025
      • Advisory employees · 28 to 33
        Mar 28, 2024 to Mar 28, 2025
      • BD registered reps · 8 to 4
        Mar 28, 2024 to Mar 28, 2025
      • Pooled vehicle clients · 17 to 22
        Mar 28, 2024 to Mar 28, 2025
      • Employees · 56 to 71
        Mar 28, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 28, 2025
      • State-registered IARs · 4 to 2
        Mar 28, 2024 to Mar 28, 2025
      • Private funds · 17 to 22
        Mar 28, 2024 to Mar 28, 2025
      • Discretionary RAUM · $6.2B to $7.8B
        Mar 28, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $6.2B to $7.8B
        Mar 28, 2024 to Mar 28, 2025
      • RAUM · $6.2B to $7.8B
        Mar 28, 2024 to Mar 28, 2025
      • Accounts · 12 to 17
        Mar 31, 2023 to Mar 28, 2024
      • Advisory employees · 24 to 28
        Mar 31, 2023 to Mar 28, 2024
      • BD registered reps · 7 to 8
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle clients · 12 to 17
        Mar 31, 2023 to Mar 28, 2024
      • Employees · 48 to 56
        Mar 31, 2023 to Mar 28, 2024
      • Private funds · 12 to 17
        Mar 31, 2023 to Mar 28, 2024
      • Discretionary RAUM · $5.3B to $6.2B
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $5.3B to $6.2B
        Mar 31, 2023 to Mar 28, 2024
      • RAUM · $5.3B to $6.2B
        Mar 31, 2023 to Mar 28, 2024
      • Accounts · 6 to 12
        May 2, 2022 to Mar 31, 2023
      • Advisory employees · 23 to 24
        May 2, 2022 to Mar 31, 2023
      • BD registered reps · 6 to 7
        May 2, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 6 to 12
        May 2, 2022 to Mar 31, 2023
      • Employees · 40 to 48
        May 2, 2022 to Mar 31, 2023
      • State-registered IARs · 3 to 4
        May 2, 2022 to Mar 31, 2023
      • Other offices · 1 to 2
        May 2, 2022 to Mar 31, 2023
      • Private funds · 6 to 12
        May 2, 2022 to Mar 31, 2023
      • Discretionary RAUM · $2.7B to $5.3B
        May 2, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $2.7B to $5.3B
        May 2, 2022 to Mar 31, 2023
      • RAUM · $2.7B to $5.3B
        May 2, 2022 to Mar 31, 2023
      Signals
      5 dated events
      • P••••• S••••• E••••• C•••••• M••••••••• L•• reported RAUM $7.8B, up 26% from $6.2B (2024-03-28 to 2025-03-28)
        Mar 28, 2025 · RAUM change · derived
      • P••••• S••••• E••••• C•••••• M••••••••• L•• reported RAUM $5.3B, up 97% from $2.7B (2022-05-02 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • P••••• S••••• E••••• C•••••• M••••••••• L•• reported RAUM $2.7B, up 155% from $1.1B (2021-04-01 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Renee Stacy Brice (Chief Compliance Officer) appeared on Schedule A of P••••• S••••• E••••• C•••••• M••••••••• L••
        Mar 31, 2021 · Control person joined · fact
      • P••••• S••••• E••••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Aug 17, 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
      Firm profile
      linkedin.com/company/palmer-square-capitalreportedpublic record, Form ADV, Sep 18, 2026
      Website
      P•••••S•••••BDC.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      816-994-3200reportedpublic record, Form ADV, Mar 31, 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