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

B•••••••••

Asset manager (funds and pooled vehicles)Naples, FloridaCRD 311553SEC 801-120100websiteIAPD
Legal name B••••••••• L••
Latest filing Mar 30, 2026
First filing on the tape Dec 4, 2020 · 8 filings
SEC status approved since Jan 4, 2021
RAUM
$225M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
2.5%
$5.7M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
2
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$225M as of Mar 30, 2026
Mar 30, 2022$240M then
HNW client RAUM$5.7M as of Mar 30, 2026
Mar 31, 2025$5.2M then
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 30, 20220 then
Employees (5.A)3 as of Mar 30, 2026
Mar 30, 20224 then
Private funds2 as of Mar 30, 2026
Mar 30, 20222 then
RAUM -24% over the last fiscal year+2.5% 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
$56.4MderivedRAUM 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
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
-24%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-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$220M, 3 clientsreportedItem 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
  • 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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)
  • an independent public accountant performs a surprise examination (9.C.1)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$220M97%
  • High-net-worth individuals$5.7M2.5%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$220M for 3 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.03 fund_share=0.97 institutional_share=0.0 related_bd=false related_bank=true 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
      3 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • C••••• W•••••• H•••• · Chief Compliance Officercontrol
        since 01/2021 · owns less than 5%
      • D•••••••• E••• · Managing Membercontrol
        since 06/2011 · owns 75% or more
      • R••••• M••••••• T••••• · Member
        since 12/2021 · owns 5% to 10%
      Related persons
      Schedule D 7.A
      Advisers that list B••••••••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Chicago, IL3 employees
      • Skaneateles, NY1 employees
      What changed
      consecutive filings, newest first
      • Accounts · 6 to 4
        Mar 31, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 5 to 3
        Mar 31, 2025 to Mar 30, 2026
      • Assets in custody · $251M to $220M
        Mar 31, 2025 to Mar 30, 2026
      • HQ city · CHICAGO to NAPLES
        Mar 31, 2025 to Mar 30, 2026
      • HQ state · IL to FL
        Mar 31, 2025 to Mar 30, 2026
      • Private funds · 3 to 2
        Mar 31, 2025 to Mar 30, 2026
      • Discretionary RAUM · $296M to $225M
        Mar 31, 2025 to Mar 30, 2026
      • HNW RAUM · $5.2M to $5.7M
        Mar 31, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $290M to $220M
        Mar 31, 2025 to Mar 30, 2026
      • RAUM · $296M to $225M
        Mar 31, 2025 to Mar 30, 2026
      • Advisory activities · 1 to 2
        Mar 28, 2024 to Mar 31, 2025
      • Assets in custody · $238M to $251M
        Mar 28, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 31, 2025
      • Discretionary RAUM · $248M to $296M
        Mar 28, 2024 to Mar 31, 2025
      • HNW RAUM · unset to 5244476.0
        Mar 28, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $248M to $290M
        Mar 28, 2024 to Mar 31, 2025
      • RAUM · $248M to $296M
        Mar 28, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 6 to 5
        Mar 29, 2023 to Mar 28, 2024
      • Assets in custody · $204M to $238M
        Mar 29, 2023 to Mar 28, 2024
      • Discretionary RAUM · $209M to $248M
        Mar 29, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $209M to $248M
        Mar 29, 2023 to Mar 28, 2024
      • RAUM · $209M to $248M
        Mar 29, 2023 to Mar 28, 2024
      • Accounts · 5 to 6
        May 13, 2022 to Mar 29, 2023
      • Pooled vehicle clients · 5 to 6
        May 13, 2022 to Mar 29, 2023
      • Assets in custody · $214M to $204M
        May 13, 2022 to Mar 29, 2023
      • Employees · 4 to 3
        May 13, 2022 to Mar 29, 2023
      • Private funds · 2 to 3
        May 13, 2022 to Mar 29, 2023
      • Discretionary RAUM · $240M to $209M
        May 13, 2022 to Mar 29, 2023
      • Pooled vehicle RAUM · $240M to $209M
        May 13, 2022 to Mar 29, 2023
      • RAUM · $240M to $209M
        May 13, 2022 to Mar 29, 2023
      • Accounts · 3 to 5
        Jan 27, 2022 to Mar 30, 2022
      • Advisory employees · 2 to 3
        Jan 27, 2022 to Mar 30, 2022
      • Pooled vehicle clients · 3 to 5
        Jan 27, 2022 to Mar 30, 2022
      • Assets in custody · unset to 214063000.0
        Jan 27, 2022 to Mar 30, 2022
      • Custody of client assets · false to true
        Jan 27, 2022 to Mar 30, 2022
      • Other offices · 1 to 2
        Jan 27, 2022 to Mar 30, 2022
      • Discretionary RAUM · $202M to $240M
        Jan 27, 2022 to Mar 30, 2022
      • Pooled vehicle RAUM · $202M to $240M
        Jan 27, 2022 to Mar 30, 2022
      • RAUM · $202M to $240M
        Jan 27, 2022 to Mar 30, 2022
      Signals
      2 dated events
      • Paulos Strike (Member) no longer on Schedule A of Buckeye-Pacific (listed 2022-05-13, absent 2023-03-29)
        Mar 29, 2023 · Control person left · inference
      • Buckeye-Pacific filed its initial SEC registration (Form ADV)
        Dec 4, 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/twin-lake-total-return-partners?trk=pubreportedpublic record, Form ADV, Sep 19, 2026
      Website
      t•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      312-858-1670reportedpublic 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