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••••• O••••• L••
Latest filing Mar 26, 2026
First filing on the tape Apr 1, 2021 · 18 filings
SEC status approved since May 4, 2021
RAUM
$545M
reported, Item 5.F
Discretionary
38%
of RAUM
Private clients
52%
$282M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$182M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$545M as of Mar 26, 2026
Mar 29, 2022$270M then
HNW client RAUM$242M as of Mar 26, 2026
Mar 29, 2022$94.1M then
State-registered IARs (5.B.3)3 as of Mar 26, 2026
Mar 29, 20222 then
Employees (5.A)3 as of Mar 26, 2026
Mar 29, 20224 then
Private funds: no history
RAUM +22% over the last fiscal year+18% a year over threeIARs 2 to 3
Practice profile
derived from the filing of Mar 26, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $182MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 52derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.3MderivedHNW RAUM over HNW clients
- Average account
- $958,735derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 38%derivedof RAUM
- Institutional
- 45%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +22%derivedbetween the last two annual amendments
- Advisor growth, one year
- +50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +4.0%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $5.4M, 12 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$242M44%
- Pension and profit-sharing plans$235M43%
- Individuals$40.1M7.4%
- Corporations and businesses$15.0M2.7%
- Charitable organizations$12.8M2.3%
- Individual clients
- 81reported
- HNW clients
- 74reported
- Pension plan clients
- 26reported
- Charitable clients
- n/areported
- Accounts
- 568reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $5.4M for 12 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.52 fund_share=0.0 institutional_share=0.45 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| D•••••• M•••• S••••Certified Financial Planner | Ripon, Ca | Feb 26, 2025 | 13 y | 2 |
| M•••• Y••••• M••• | Ripon, Ca | Jul 21, 2025 | 19 y | 0 |
| J•••••• S•••• B•••••Certified Financial Planner | Ripon, Ca | Sep 8, 2025 | 26 y | 4 |
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
- J•••••• S•••• B••••• from U••••• C•••••• F•••••••• A•••••••Sep 8, 2025 · Affiliated broker-dealer or bank to independent RIA
- D•••••• M•••• S•••• from U••••• C•••••• F•••••••• A•••••••Feb 26, 2025 · Affiliated broker-dealer or bank to independent RIA
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from U••••• C•••••• F•••••••• A•••••••Aug 25, 2021 · Sacramento, Ca
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B•••••• J••••••• S•••• · Manager And Chief Compliance Officercontrolsince 06/2021 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Ripon, Ca · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- discretionary share shiftChange between filings · filing Mar 26, 2026discretionary share of RAUM moved from 58.0% to 38.0% between the annual amendments of 2025-03-19 and 2026-03-26peers: independent wealth managers, $500M to $1B (1,482)
What changed
consecutive filings, newest first
- Accounts · 544 to 568Mar 19, 2025 to Mar 26, 2026
- Advisory employees · 2 to 3Mar 19, 2025 to Mar 26, 2026
- HNW clients · 64 to 74Mar 19, 2025 to Mar 26, 2026
- Individual clients · 85 to 81Mar 19, 2025 to Mar 26, 2026
- Pension plan clients · 20 to 26Mar 19, 2025 to Mar 26, 2026
- Assets in custody · $2.9M to $5.4MMar 19, 2025 to Mar 26, 2026
- Employees · 7 to 3Mar 19, 2025 to Mar 26, 2026
- State-registered IARs · 2 to 3Mar 19, 2025 to Mar 26, 2026
- Discretionary RAUM · $258M to $206MMar 19, 2025 to Mar 26, 2026
- HNW RAUM · $213M to $242MMar 19, 2025 to Mar 26, 2026
- Individual RAUM · $40.4M to $40.1MMar 19, 2025 to Mar 26, 2026
- Non-discretionary RAUM · $189M to $338MMar 19, 2025 to Mar 26, 2026
- Pension RAUM · $183M to $235MMar 19, 2025 to Mar 26, 2026
- RAUM · $447M to $545MMar 19, 2025 to Mar 26, 2026
- Accounts · 507 to 544Apr 16, 2024 to Mar 19, 2025
- HNW clients · 49 to 64Apr 16, 2024 to Mar 19, 2025
- Individual clients · 88 to 85Apr 16, 2024 to Mar 19, 2025
- Pension plan clients · 18 to 20Apr 16, 2024 to Mar 19, 2025
- Assets in custody · unset to 2942638.0Apr 16, 2024 to Mar 19, 2025
- Custody of client assets · false to trueApr 16, 2024 to Mar 19, 2025
- Employees · 3 to 7Apr 16, 2024 to Mar 19, 2025
- Financial planning clients · 51-100 to 51-100Apr 16, 2024 to Mar 19, 2025
- Discretionary RAUM · $223M to $258MApr 16, 2024 to Mar 19, 2025
- HNW RAUM · $180M to $213MApr 16, 2024 to Mar 19, 2025
- Individual RAUM · $41.4M to $40.4MApr 16, 2024 to Mar 19, 2025
- Non-discretionary RAUM · $172M to $189MApr 16, 2024 to Mar 19, 2025
- Pension RAUM · $164M to $183MApr 16, 2024 to Mar 19, 2025
- RAUM · $395M to $447MApr 16, 2024 to Mar 19, 2025
- Accounts · 445 to 507Jun 23, 2023 to Mar 27, 2024
- HNW clients · 44 to 49Jun 23, 2023 to Mar 27, 2024
- Individual clients · 74 to 88Jun 23, 2023 to Mar 27, 2024
- Pension plan clients · 19 to 18Jun 23, 2023 to Mar 27, 2024
- Assets in custody · 550000.0 to unsetJun 23, 2023 to Mar 27, 2024
- Custody of client assets · true to falseJun 23, 2023 to Mar 27, 2024
- Financial planning clients · 26-50 to 51-100Jun 23, 2023 to Mar 27, 2024
- Discretionary RAUM · $173M to $223MJun 23, 2023 to Mar 27, 2024
- HNW RAUM · $143M to $180MJun 23, 2023 to Mar 27, 2024
- Individual RAUM · $40.0M to $41.4MJun 23, 2023 to Mar 27, 2024
- Non-discretionary RAUM · $157M to $172MJun 23, 2023 to Mar 27, 2024
- Pension RAUM · $137M to $164MJun 23, 2023 to Mar 27, 2024
Signals
4 dated events
- S••••• O••••• L•• reported RAUM $269.9M, up 97% from $137.0M (2021-08-26 to 2022-03-29)Mar 29, 2022 · RAUM change · derived
- Scott Jeffrey Burrow (Manager And Chief Compliance Officer) appeared on Schedule A of S••••• O••••• L••Jun 14, 2021 · Control person joined · fact
- Louis Max Schatzow (Chief Compliance Officer) no longer on Schedule A of S••••• O••••• L•• (listed 2021-04-01, absent 2021-06-14)Jun 14, 2021 · Control person left · inference
- S••••• O••••• L•• filed its initial SEC registration (Form ADV)Apr 1, 2021 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- S••••• O••••• L•• · Private Equityshared crd · intermediary
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/sierra-ocean/aboutreportedpublic record, Form ADV, Sep 18, 2026
- Website
- S•••••O••••.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 209-232-7100reportedpublic record, Form ADV, Mar 26, 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $182Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026