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••••••• S•••••• ••• L••

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 310404SEC 801-119571websiteIAPD
Latest filing Aug 28, 2026
First filing on the tape Sep 2, 2020 · 11 filings
SEC status approved since Oct 1, 2020
RAUM
$1.7B
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
80
65 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
6
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$1.7B as of Aug 28, 2026
Mar 31, 2021$2.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 28, 2026
Mar 31, 20210 then
Employees (5.A)80 as of Aug 28, 2026
Mar 31, 2021102 then
Private funds6 as of Aug 28, 2026
Mar 31, 20212 then
RAUM -55% over the last fiscal year-25% a year over threeIARs 0 to 0offices 6 to 4
Practice profile
derived from the filing of Aug 28, 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
$156MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived5 offices incl. principal (1.F.5)
RAUM growth, one year
-55%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 assets, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
yesreportedItem 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.7B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
11reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=3.0derived
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
      4 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • A••• R•••••• T•••• · General Counselcontrol
        since 07/2020 · owns less than 5%
      • A••••••••• R•••••• A•••• J••••• · Chief Operating Officercontrol
        since 01/2022 · owns less than 5%
      • S•••••••• M••••••• M•••••••• · Chief Compliance Officercontrol
        since 07/2023 · owns less than 5%
      • W••••• B••••• N•••••• · Founding Partnercontrol
        since 07/2020 · owns less than 5%
      • W••••• B••••• S•••• · Founding Partnercontrol
        since 07/2020 · owns less than 5%
      • W••••• B••••• N•••••• · Shareholdercontrol
        since 08/2019 · owns 50% to 75% of Q•••••• C•••• H•••••• S••••••
      • W••••• B••••• S•••• · Shareholdercontrol
        since 08/2019 · owns 50% to 75% of Q•••••• C•••• H•••••• S••••••
      Entity owners
      • S•••• A•••• M••••••••• ••• L••• · Managing Member
        direct · owns 75% or more
      • Q•••••• C•••• H•••••• S•••••• · Member
        indirect · owns 75% or more of S••• H••••••• ••• L••
      • Q•••••• C•••• H•••••• S•••••• · Member
        indirect · owns 75% or more of S•••• A•••• M••••••••• H••••••• ••• G• L••
      • S••• H••••••• ••• L•• · Limited Partner
        indirect · owns 50% to 75% of S•••• A•••• M••••••••• H••••••• ••• L•••
      • S•••• A•••• M••••••••• ••• G• L•• · General Partner
        indirect · owns F of S•••• A•••• M••••••••• ••• L•••
      • S•••• A•••• M••••••••• H••••••• ••• G• L•• · General Partner
        indirect · owns F of S•••• A•••• M••••••••• H••••••• ••• L•••
      • S•••• A•••• M••••••••• H••••••• ••• L••• · Member
        indirect · owns 75% or more of S•••• A•••• M••••••••• ••• G• L••
      • S•••• A•••• M••••••••• H••••••• ••• L••• · Member
        indirect · owns 75% or more of S•••• A•••• M••••••••• ••• L•••
      Related persons
      Schedule D 7.A
      • P•••••• S••••••••• U••
        investment advisernRAUM $685M
      • S•••• A•••• M••••••••• L•••
        pooled vehicle sponsorn
      • S•••• C••••••• R••• E••••• O••••••••• F••• I• G• L•••
        pooled vehicle sponsorn
      • S•••• C••••••• R••• E••••• O••••••••• F••• I• G• I•••
        pooled vehicle sponsorn
      • S•••• E••••••• E•••••••• R••• E••••• I••••• F••• G• S•• R•••
        pooled vehicle sponsorn
      • S•••• E••••••• R••• E••••• F••• I•• F••••• G• I•••
        pooled vehicle sponsorn
      • S•••• E••••••• R••• E••••• F••• I•• G•• S•••••••
        pooled vehicle sponsorn
      • S•••• E••••••• R••• E••••• G• I•••
        pooled vehicle sponsorn
      • S•••• E••••••• R••• E••••• H••••••• I• • I• G• I•••
        pooled vehicle sponsorn
      • S•••• E••••••• R••• E••••• I• G• I•••
        pooled vehicle sponsorn
      • S•••• N•••• A••••••• E•••••••• R••• E••••• I••••• F••• G• L••
        pooled vehicle sponsorn
      • S•••• R••• E••••• C•••••• G• L••
        pooled vehicle sponsorn
      Advisers that list S•••• A••••••• S•••••• ••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Toronto, Canada50 employees
      • New York, NY12 employees
      • London, United Kingdom8 employees
      • Dublin 2, Ireland7 employees
      • Frankfurt Am Main, Germany1 employees
      • Dallas, TX1 employees
      • Halifax, Canada
      • Calgary, Canada
      • Columbus, GA
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 50 %Change between filings · filing Mar 31, 2026
        RAUM (Item 5.F) moved from $3,848,584,000 to $1,714,566,000 (-55.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +11.0% (1368 comparable advisers, 1.0th percentile of changes)
        peers: asset managers, $1B to $5B (1,368) · 0.9% percentile
      What changed
      consecutive filings, newest first
      • Private funds · 5 to 6
        Mar 31, 2026 to Aug 28, 2026
      • Accounts · 14 to 11
        Mar 31, 2025 to Mar 31, 2026
      • Advisory employees · 78 to 65
        Mar 31, 2025 to Mar 31, 2026
      • BD registered reps · 4 to 3
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 9 to 8
        Mar 31, 2025 to Mar 31, 2026
      • Employees · 103 to 80
        Mar 31, 2025 to Mar 31, 2026
      • Other offices · 6 to 4
        Mar 31, 2025 to Mar 31, 2026
      • Private funds · 4 to 5
        Mar 31, 2025 to Mar 31, 2026
      • Discretionary RAUM · $3.8B to $1.7B
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $3.8B to $1.7B
        Mar 31, 2025 to Mar 31, 2026
      • RAUM · $3.8B to $1.7B
        Mar 31, 2025 to Mar 31, 2026
      • Related broker-dealer · false to true
        Mar 31, 2025 to Mar 31, 2026
      • Advisory employees · 98 to 78
        Mar 28, 2024 to Mar 31, 2025
      • Employees · 143 to 103
        Mar 28, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 31, 2025
      • Other offices · 11 to 6
        Mar 28, 2024 to Mar 31, 2025
      • Discretionary RAUM · $4.3B to $3.8B
        Mar 28, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $4.3B to $3.8B
        Mar 28, 2024 to Mar 31, 2025
      • RAUM · $4.3B to $3.8B
        Mar 28, 2024 to Mar 31, 2025
      • Advisory employees · 95 to 98
        Jul 31, 2023 to Mar 28, 2024
      • BD registered reps · 5 to 4
        Jul 31, 2023 to Mar 28, 2024
      • Employees · 157 to 143
        Jul 31, 2023 to Mar 28, 2024
      • Discretionary RAUM · $4.1B to $4.3B
        Jul 31, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $4.1B to $4.3B
        Jul 31, 2023 to Mar 28, 2024
      • RAUM · $4.1B to $4.3B
        Jul 31, 2023 to Mar 28, 2024
      • Related broker-dealer · true to false
        Jul 31, 2023 to Mar 28, 2024
      • Accounts · 8 to 14
        Sep 9, 2022 to Mar 31, 2023
      • Advisory employees · 72 to 95
        Sep 9, 2022 to Mar 31, 2023
      • BD registered reps · 2 to 5
        Sep 9, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 8 to 9
        Sep 9, 2022 to Mar 31, 2023
      • Employees · 120 to 157
        Sep 9, 2022 to Mar 31, 2023
      • Other offices · 10 to 11
        Sep 9, 2022 to Mar 31, 2023
      • Private funds · 3 to 4
        Sep 9, 2022 to Mar 31, 2023
      • Discretionary RAUM · $3.3B to $4.1B
        Sep 9, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $3.3B to $4.1B
        Sep 9, 2022 to Mar 31, 2023
      • RAUM · $3.3B to $4.1B
        Sep 9, 2022 to Mar 31, 2023
      • Other offices · 9 to 10
        May 16, 2022 to Sep 9, 2022
      • Related adviser · false to true
        May 16, 2022 to Sep 9, 2022
      • Discretionary RAUM · $3.5B to $3.3B
        Mar 31, 2022 to May 16, 2022
      • Pooled vehicle RAUM · $3.5B to $3.3B
        Mar 31, 2022 to May 16, 2022
      Signals
      7 dated events
      • S•••• A••••••• S•••••• ••• L•• reported RAUM $1.7B, down 55% from $3.8B (2025-03-31 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • S•••• A••••••• S•••••• ••• L•• reported 6 offices beyond its principal office, down from 11 (2024-03-28 to 2025-03-31)
        Mar 31, 2025 · Office count change · derived
      • Mizushima Michael Sullivan (Chief Compliance Officer) appeared on Schedule A of S•••• A••••••• S•••••• ••• L••
        Jul 31, 2023 · Control person joined · fact
      • Allen Joseph Robert Armstrong (Chief Operating Officer) appeared on Schedule A of S•••• A••••••• S•••••• ••• L••
        Mar 31, 2023 · Control person joined · fact
      • S•••• A••••••• S•••••• ••• L•• reported RAUM $3.5B, up 69% from $2.1B (2021-03-31 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Antonia Erisa Mara (Chief Compliance Officer) no longer on Schedule A of S•••• A••••••• S•••••• ••• L•• (listed 2021-03-31, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • S•••• A••••••• S•••••• ••• L•• filed its initial SEC registration (Form ADV)
        Sep 2, 2020 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      slateam.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      312-847-1480reportedpublic record, Form ADV, Aug 28, 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
      Across the graphs

      S•••• A••••••• S•••••• ••• L•• is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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