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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Former SEC-registered adviser
P•••• L••• C••••••• L••
Latest filing Sep 9, 2024
First filing on the tape Jun 8, 2021 · 29 filings
RAUM
$34.0M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
91%
$30.9M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$11.3M
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$34.0M as of Mar 19, 2024
Jan 31, 2022$115M then
HNW client RAUM$13.8M as of Mar 19, 2024
Jan 31, 2022$66.8M then
State-registered IARs (5.B.3)2 as of Mar 19, 2024
Jan 31, 20223 then
Employees (5.A)3 as of Mar 19, 2024
Jan 31, 20225 then
Private funds: no history
RAUM -75% over the last fiscal yearIARs 3 to 2
Practice profile
derived from the filing of Sep 9, 2024; every figure names its basis
- RAUM per advisor
- $11.3MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 43derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $809,692derivedHNW RAUM over HNW clients
- Average account
- $98,423derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 9.0%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
- -75%derivedbetween the last two annual amendments
- Advisor growth, one year
- -33%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +34%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 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
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$17.1M50%
- High-net-worth individuals$13.8M41%
- Charitable organizations$3.0M9.0%
- Corporations and businesses$30,1710.1%
- Individual clients
- 113reported
- HNW clients
- 17reported
- Pension plan clients
- n/areported
- Charitable clients
- 1reported
- Accounts
- 345reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- absent from the latest SEC rosterderived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| E••• S•••• R•••••• | Atlanta, Ga | Jul 12, 2021 | 19 y | 2 |
| M•••••• C••••••••• R•••• | Atlanta, Ga | Jul 12, 2021 | 12 y | 2 |
| B••••• S•••• S••••• | Atlanta, Ga | Feb 10, 2026 | 11 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
- J••• P•••••• R•••• to E••••••• C••••••• L••Jul 10, 2023 · RIA to RIA
- T••••• M••••• to J••• M••••• S••••••••• L••May 19, 2022 · RIA to wirehouse
Joined, latest
- T••••• M••••• from L•• F•••••••• L••Jul 12, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
- E••• S•••• R•••••• from L•• F•••••••• L••Jul 12, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
- M•••••• C••••••••• R•••• from L•• F•••••••• L••Jul 12, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from L•• F•••••••• L••Aug 13, 2021 · Atlanta, Ga
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- R••••• M••••••• C••••••••• · Ownercontrolsince 05/2021 · owns 50% to 75%
- R••••••• E•••• S•••• · Ownercontrolsince 05/2021 · owns 50% to 75%
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 |
|---|---|---|---|---|---|
| Atlanta, Ga · principal | 3 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 320 to 345Jul 12, 2023 to Mar 19, 2024
- Advisory activities · 4 to 3Jul 12, 2023 to Mar 19, 2024
- Charity clients · 2 to 1Jul 12, 2023 to Mar 19, 2024
- Corporate clients · 3 to 6Jul 12, 2023 to Mar 19, 2024
- Individual clients · 80 to 113Jul 12, 2023 to Mar 19, 2024
- Employees · 2 to 3Jul 12, 2023 to Mar 19, 2024
- Discretionary RAUM · $138M to $34.0MJul 12, 2023 to Mar 19, 2024
- HNW RAUM · $75.9M to $13.8MJul 12, 2023 to Mar 19, 2024
- Individual RAUM · $17.9M to $17.1MJul 12, 2023 to Mar 19, 2024
- RAUM · $138M to $34.0MJul 12, 2023 to Mar 19, 2024
- Advisory employees · 3 to 2Apr 6, 2023 to Jul 12, 2023
- BD registered reps · 3 to 2Apr 6, 2023 to Jul 12, 2023
- Employees · 5 to 2Apr 6, 2023 to Jul 12, 2023
- State-registered IARs · 3 to 2Apr 6, 2023 to Jul 12, 2023
- Accounts · 96 to 320Nov 2, 2022 to Feb 23, 2023
- Advisory employees · 4 to 3Nov 2, 2022 to Feb 23, 2023
- BD registered reps · 4 to 3Nov 2, 2022 to Feb 23, 2023
- Charity clients · unset to 2.0Nov 2, 2022 to Feb 23, 2023
- Corporate clients · 1 to 3Nov 2, 2022 to Feb 23, 2023
- HNW clients · 10 to 17Nov 2, 2022 to Feb 23, 2023
- Individual clients · 18 to 80Nov 2, 2022 to Feb 23, 2023
- Discretionary RAUM · $115M to $138MNov 2, 2022 to Feb 23, 2023
- HNW RAUM · $66.8M to $75.9MNov 2, 2022 to Feb 23, 2023
- Individual RAUM · $2.2M to $17.9MNov 2, 2022 to Feb 23, 2023
- RAUM · $115M to $138MNov 2, 2022 to Feb 23, 2023
- Accounts · 82 to 96Dec 23, 2021 to Jan 31, 2022
- HNW clients · 7 to 10Dec 23, 2021 to Jan 31, 2022
- Individual clients · 17 to 18Dec 23, 2021 to Jan 31, 2022
- Financial planning clients · 26-50 to 0Dec 23, 2021 to Jan 31, 2022
- State-registered IARs · 4 to 3Dec 23, 2021 to Jan 31, 2022
- Discretionary RAUM · $108M to $115MDec 23, 2021 to Jan 31, 2022
- HNW RAUM · $65.1M to $66.8MDec 23, 2021 to Jan 31, 2022
- Individual RAUM · $2.3M to $2.2MDec 23, 2021 to Jan 31, 2022
- RAUM · $108M to $115MDec 23, 2021 to Jan 31, 2022
- Advisory employees · 3 to 4Dec 8, 2021 to Dec 23, 2021
- BD registered reps · 3 to 4Dec 8, 2021 to Dec 23, 2021
- Employees · 4 to 5Dec 8, 2021 to Dec 23, 2021
- State-registered IARs · 3 to 4Dec 8, 2021 to Dec 23, 2021
- Accounts · 80 to 82Nov 16, 2021 to Dec 8, 2021
- Advisory activities · 3 to 4Nov 16, 2021 to Dec 8, 2021
Signals
6 dated events
- P•••• L••• C••••••• L•• reported RAUM $34.0M, down 75% from $138.2M (2023-07-12 to 2024-03-19)Mar 19, 2024 · RAUM change · derived
- P•••••• J••• R•••• (Owner) no longer on Schedule A of P•••• L••• C••••••• L•• (listed 2023-04-06, absent 2023-07-12)Jul 12, 2023 · Control person left · inference
- J••• P•••••• R•••• left P•••• L••• C••••••• L•• for E••••••• C••••••• L•• (registered 2023-08-10)Jul 10, 2023 · Advisor changed firm · fact
- T••••• M••••• left P•••• L••• C••••••• L•• for J••• M••••• S••••••••• L•• (registered 2022-05-31)May 19, 2022 · Advisor changed firm · fact
- P•••••• J••• R•••• (Member) appeared on Schedule A of P•••• L••• C••••••• L••Dec 23, 2021 · Control person joined · fact
- P•••• L••• C••••••• L•• filed its initial SEC registration (Form ADV)Jun 8, 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
- Website
- phaselinecapital.comreportedpublic record, Form ADV, Sep 18, 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
- Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $11.3Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026