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
I••••••••• L••
Latest filing Mar 10, 2026
First filing on the tape Jul 10, 2021 · 10 filings
SEC status approved since Aug 10, 2021
RAUM
$786M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$786M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$786M as of Mar 10, 2026
Mar 25, 2022$400M then
HNW client RAUM: no history
State-registered IARs (5.B.3)3 as of Mar 10, 2026
Mar 25, 20223 then
Employees (5.A)3 as of Mar 10, 2026
Mar 25, 20223 then
Private funds1 as of Mar 22, 2025
Mar 28, 20231 then
RAUM -17% over the last fiscal year+6.6% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 10, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $786MderivedRAUM 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
- $786MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.0derivedItem 5.A over advisors
- Advisors per office
- 0.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -17%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%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
- has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$786M100%
- 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 AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| L• L• | Lafayette, Ca | Aug 16, 2021 | 10 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| I••••••••• C•• M•••••• L• | Hedge Fund | $64.5M | 10 | Mar 28, 2023 |
Owners and control persons
Schedule A and B, latest filing
- L•• L•• N•• · Managing Member & Chief Compliance Officercontrolsince 04/2019 · 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.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- business activity changedChange between filings · filing Mar 10, 2026advises private funds (Item 7.B): yes on the filing of 2025-03-22, no on the filing of 2026-03-10peers: asset managers, $500M to $1B (784)
What changed
consecutive filings, newest first
- Accounts · 2 to 1Mar 22, 2025 to Mar 10, 2026
- Pooled vehicle clients · 2 to 1Mar 22, 2025 to Mar 10, 2026
- Private funds · 1 to unsetMar 22, 2025 to Mar 10, 2026
- Discretionary RAUM · $951M to $786MMar 22, 2025 to Mar 10, 2026
- Pooled vehicle RAUM · $951M to $786MMar 22, 2025 to Mar 10, 2026
- RAUM · $951M to $786MMar 22, 2025 to Mar 10, 2026
- Pooled vehicle clients · 1 to 2May 8, 2024 to Mar 22, 2025
- Financial planning clients · unset to May 8, 2024 to Mar 22, 2025
- HQ city · unset to May 8, 2024 to Mar 22, 2025
- HQ state · unset to May 8, 2024 to Mar 22, 2025
- Other offices · 0 to 1May 8, 2024 to Mar 22, 2025
- Discretionary RAUM · $838M to $951MMay 8, 2024 to Mar 22, 2025
- Pooled vehicle RAUM · $838M to $951MMay 8, 2024 to Mar 22, 2025
- RAUM · $838M to $951MMay 8, 2024 to Mar 22, 2025
- Accounts · 1 to 2Mar 25, 2024 to May 8, 2024
- Discretionary RAUM · $360M to $838MMar 25, 2024 to May 8, 2024
- Pooled vehicle RAUM · $360M to $838MMar 25, 2024 to May 8, 2024
- RAUM · $360M to $838MMar 25, 2024 to May 8, 2024
- Accounts · 2 to 1Jul 26, 2023 to Mar 25, 2024
- Pooled vehicle clients · 2 to 1Jul 26, 2023 to Mar 25, 2024
- Discretionary RAUM · $649M to $360MJul 26, 2023 to Mar 25, 2024
- Pooled vehicle RAUM · $649M to $360MJul 26, 2023 to Mar 25, 2024
- RAUM · $649M to $360MJul 26, 2023 to Mar 25, 2024
- Accounts · 4 to 2Mar 30, 2022 to Mar 28, 2023
- Pooled vehicle clients · 4 to 2Mar 30, 2022 to Mar 28, 2023
- Private funds · unset to 1Mar 30, 2022 to Mar 28, 2023
- Discretionary RAUM · $400M to $649MMar 30, 2022 to Mar 28, 2023
- Pooled vehicle RAUM · $400M to $649MMar 30, 2022 to Mar 28, 2023
- RAUM · $400M to $649MMar 30, 2022 to Mar 28, 2023
- Accounts · 5 to 4Aug 30, 2021 to Mar 25, 2022
- Pooled vehicle clients · 5 to 4Aug 30, 2021 to Mar 25, 2022
- Discretionary RAUM · $243M to $400MAug 30, 2021 to Mar 25, 2022
- Pooled vehicle RAUM · $243M to $400MAug 30, 2021 to Mar 25, 2022
- RAUM · $243M to $400MAug 30, 2021 to Mar 25, 2022
- Advisory employees · 2 to 3Jul 10, 2021 to Aug 30, 2021
- Employees · 2 to 3Jul 10, 2021 to Aug 30, 2021
- State-registered IARs · 2 to 3Jul 10, 2021 to Aug 30, 2021
Signals
5 dated events
- I••••••••• L•• reported RAUM $838.1M, up 133% from $359.9M (2024-03-25 to 2024-05-08)May 8, 2024 · RAUM change · derived
- I••••••••• L•• reported RAUM $359.9M, down 45% from $649.1M (2023-07-26 to 2024-03-25)Mar 25, 2024 · RAUM change · derived
- I••••••••• L•• reported RAUM $649.1M, up 62% from $400.0M (2022-03-30 to 2023-03-28)Mar 28, 2023 · RAUM change · derived
- I••••••••• L•• reported RAUM $400.0M, up 65% from $243.0M (2021-08-30 to 2022-03-25)Mar 25, 2022 · RAUM change · derived
- I••••••••• L•• filed its initial SEC registration (Form ADV)Jul 10, 2021 · 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
- Principal office phone
- 650-799-2945reportedpublic record, Form ADV, Mar 10, 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
- $786Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026