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
L•••••••• S•••••••• M••••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Sep 24, 2021 · 9 filings
SEC status approved since Oct 25, 2021
RAUM
$509M
reported, Item 5.F
Discretionary
2.4%
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
14
11 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$509M as of Mar 31, 2026
Feb 15, 2022$324M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Feb 15, 20220 then
Employees (5.A)14 as of Mar 31, 2026
Feb 15, 20226 then
Private funds1 as of Mar 31, 2026
Feb 15, 20221 then
RAUM +37% over the last fiscal year+12% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 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
- $56.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 2.4%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +37%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, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $267M, 8 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
- 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
- Other investment advisers$496M98%
- Pooled investment vehicles$12.4M2.4%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 9reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $267M for 8 clientsreported
- Compensation
- % of AUM, fixed, 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
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
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| L•••••••• M•••••••• C•••••• I••••••••• L• | Real Estate Fund | $22.4M | 5 | Sep 24, 2021 |
Owners and control persons
Schedule A and B, latest filing
- K••••• A•••••• P••••• · Managing Directorcontrolsince 07/2017 · owns less than 5%
- M••••••••• A•••••• N•• · Chief Compliance Officercontrolsince 01/2024 · owns less than 5%
- P•••• S••••••••• J•••• L•••• · Managing Directorcontrolsince 07/2017 · owns less than 5%
Entity owners
- L•• M••••• H•••••• C•••••• L•• · Sole Memberdirect · owns 75% or more
- L•••••••• S•••••••• M••••••••• H••••• L•• · Memberindirect · owns 75% or more of L•• M••••• H•••••• C•••••• L••
- L•• M••••••••• L•• · Memberindirect · owns 25% to 50% of L•• M••••• H•••••• C•••••• L••
Related persons
Schedule D 7.A
- F••••• B••••••• M••••••••• C•••••• L••investment companyn
- L•••••••• M•••••••• C•••••• G• L••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Mar 31, 2026discretionary share of RAUM of 2% against a peer median of 100% (784 comparable advisers, 2.0th percentile, 32.9 robust deviations)peers: asset managers, $500M to $1B (784) · 1.5% percentile
What changed
consecutive filings, newest first
- Accounts · 8 to 9Mar 31, 2025 to Mar 31, 2026
- Advisory employees · 8 to 11Mar 31, 2025 to Mar 31, 2026
- Assets in custody · $205M to $267MMar 31, 2025 to Mar 31, 2026
- Employees · 11 to 14Mar 31, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $359M to $496MMar 31, 2025 to Mar 31, 2026
- RAUM · $371M to $509MMar 31, 2025 to Mar 31, 2026
- Accounts · 7 to 8Mar 29, 2024 to Mar 31, 2025
- Advisory employees · 7 to 8Mar 29, 2024 to Mar 31, 2025
- Assets in custody · $241M to $205MMar 29, 2024 to Mar 31, 2025
- Employees · 10 to 11Mar 29, 2024 to Mar 31, 2025
- Financial planning clients · unset to Mar 29, 2024 to Mar 31, 2025
- Discretionary RAUM · $22.4M to $12.4MMar 29, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $479M to $359MMar 29, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $22.4M to $12.4MMar 29, 2024 to Mar 31, 2025
- RAUM · $502M to $371MMar 29, 2024 to Mar 31, 2025
- Accounts · 3 to 7Feb 16, 2024 to Mar 29, 2024
- Advisory employees · 6 to 7Feb 16, 2024 to Mar 29, 2024
- Assets in custody · $274M to $241MFeb 16, 2024 to Mar 29, 2024
- Employees · 8 to 10Feb 16, 2024 to Mar 29, 2024
- Discretionary RAUM · $34.3M to $22.4MFeb 16, 2024 to Mar 29, 2024
- Non-discretionary RAUM · $324M to $479MFeb 16, 2024 to Mar 29, 2024
- Pooled vehicle RAUM · $34.3M to $22.4MFeb 16, 2024 to Mar 29, 2024
- RAUM · $359M to $502MFeb 16, 2024 to Mar 29, 2024
- Advisory employees · 5 to 6Feb 15, 2022 to Mar 30, 2023
- Assets in custody · $230M to $274MFeb 15, 2022 to Mar 30, 2023
- Employees · 6 to 8Feb 15, 2022 to Mar 30, 2023
- Discretionary RAUM · $73.8M to $34.3MFeb 15, 2022 to Mar 30, 2023
- Non-discretionary RAUM · $250M to $324MFeb 15, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $73.8M to $34.3MFeb 15, 2022 to Mar 30, 2023
- RAUM · $324M to $359MFeb 15, 2022 to Mar 30, 2023
- Accounts · 2 to 3Sep 24, 2021 to Feb 15, 2022
- Assets in custody · $75.6M to $230MSep 24, 2021 to Feb 15, 2022
- Employees · 5 to 6Sep 24, 2021 to Feb 15, 2022
- Discretionary RAUM · $88.4M to $73.8MSep 24, 2021 to Feb 15, 2022
- Pooled vehicle RAUM · $88.4M to $73.8MSep 24, 2021 to Feb 15, 2022
- RAUM · $338M to $324MSep 24, 2021 to Feb 15, 2022
Signals
6 dated events
- L•••••••• S•••••••• M••••••••• L•• reported RAUM $508.7M, up 37% from $370.9M (2025-03-31 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- L•••••••• S•••••••• M••••••••• L•• reported RAUM $370.9M, down 26% from $501.5M (2024-03-29 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- L•••••••• S•••••••• M••••••••• L•• reported RAUM $501.5M, up 40% from $358.5M (2024-02-16 to 2024-03-29)Mar 29, 2024 · RAUM change · derived
- Philip A••••• Klein (Managing Director) appeared on Schedule A of L•••••••• S•••••••• M••••••••• L••Feb 16, 2024 · Control person joined · fact
- Nmn A••••• M••••••••• (Chief Compliance Officer) appeared on Schedule A of L•••••••• S•••••••• M••••••••• L••Feb 9, 2024 · Control person joined · fact
- L•••••••• S•••••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Sep 24, 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
- Firm profile
- LINKEDIN.COM/COMPANY/L••••••••S••••••••reportedpublic record, Form ADV, Sep 19, 2026
- Website
- L••••••••S••••••••.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 646-744-2284reportedpublic 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
Across the graphs
L•••••••• S•••••••• M••••••••• 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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