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
K••••• A•••• M••••••••• L••
Latest filing Sep 17, 2026
First filing on the tape Aug 19, 2021 · 11 filings
SEC status approved since Sep 17, 2021
RAUM
$206M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$68.5M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$206M as of Mar 31, 2026
Mar 29, 2022$139M then
HNW client RAUM: no history
State-registered IARs (5.B.3)4 as of Mar 31, 2026
Mar 29, 20220 then
Employees (5.A)4 as of Mar 31, 2026
Mar 29, 20222 then
Private funds23 as of Mar 31, 2026
Mar 29, 202211 then
RAUM -9.2% over the last fiscal year+5.8% a year over threeIARs 2 to 4
Practice profile
derived from the filing of Sep 17, 2026; every figure names its basis
Archetypes, each a printed rule
- Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
- RAUM per advisor
- $68.5MderivedRAUM 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
- $8.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -9.2%derivedbetween the last two annual amendments
- Advisor growth, one year
- +100%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $206M, 25 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
- is a broker-dealer (6.A.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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$206M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 25reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $206M for 25 clientsreported
- Compensation
- fixed, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=2.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| B•••• A••••• R•••••• | Stamford, Ct | Aug 2, 2022 | 29 y | 1 |
| D•••••• R••••• D••••• | Hobe Sound, Fl | May 1, 2023 | 34 y | 2 |
| D••••• J••••• L•••• | Stamford, Ct | Jun 12, 2023 | 23 y | 1 |
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
- D••••• J••••• L•••• from M•••••• G••••Jun 12, 2023 · Other
- D•••••• R••••• D••••• from R••••••••• C•••••• M•••••••••May 1, 2023 · Other
- B•••• A••••• R•••••• from M•••••• G••••Aug 2, 2022 · Other
Private funds
17 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| K•••• D•• P••••••• S••• L•• | Private Equity Fund | $33.8M | 189 | Aug 19, 2021 |
| K••••• I•• S•• L•• | Private Equity Fund | $33.7M | 298 | Mar 29, 2022 |
| K•• 1•••• C••••••••• L•• | Private Equity Fund | $25.0M | 147 | Mar 31, 2023 |
| K• 1•• P••••••• S•• L•• | Private Equity Fund | $14.3M | 80 | Aug 19, 2021 |
| K• C••••• S••• L••no longer reported | Private Equity Fund | $12.7M | 81 | Aug 19, 2021 |
| K•••• L••••• C••••••••• S•• L•• | Private Equity Fund | $11.9M | 147 | Aug 19, 2021 |
| K•••• K••••• C••••••••• S•• L•• | Private Equity Fund | $10.9M | 47 | Aug 19, 2021 |
| K•••• D•••••• C••••••••• L•• | Private Equity Fund | $8.1M | 150 | Aug 19, 2021 |
| K•••• A• P••••••• S••• L•• | Private Equity Fund | $7.1M | 62 | Aug 19, 2021 |
| K•• T• S•• L•• | Private Equity Fund | $6.1M | 90 | Mar 28, 2024 |
| K•••• H••••• C••••••••• L•• | Private Equity Fund | $5.7M | 77 | Aug 19, 2021 |
| K• G•• S••• L•• | Private Equity Fund | $4.3M | 87 | Mar 29, 2022 |
| K•• A•••••••• S•• L•• | Private Equity Fund | $4.0M | 48 | Mar 28, 2024 |
| K•••• B•••••• C••••••••• S•• L•• | Private Equity Fund | $3.4M | 74 | Aug 19, 2021 |
| S••••••• S•• L•• | Private Equity Fund | $2.2M | 47 | Mar 28, 2024 |
| K•• 1•• Q•• L•• | Private Equity Fund | $1.3M | 42 | Mar 28, 2024 |
| K• O••••••••• S•• L•• | Private Equity Fund | $1.3M | 16 | Mar 31, 2023 |
Owners and control persons
Schedule A and B, latest filing
- L••••• D•••••• J••••• · Managing Member/Chief Compliance Officercontrolsince 01/2022 · owns 50% to 75%
- R••••••• B••••• A••••• · Managing Membercontrolsince 01/2021 · owns 50% to 75%
Related persons
Schedule D 7.A
- K••••• C•••••• L••broker-dealern
- R•••••• & R••• Investments Inc.broker-dealern
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Stamford, Ct | 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 31, 2026discretionary share of RAUM moved from 0.0% to 100.0% between the annual amendments of 2025-03-31 and 2026-03-31peers: asset managers, $100M to $500M (1,567)
What changed
consecutive filings, newest first
- Financial planning clients · 0 to 0Mar 31, 2026 to Sep 17, 2026
- HQ city · to unsetMar 31, 2026 to Sep 17, 2026
- HQ state · to unsetMar 31, 2026 to Sep 17, 2026
- Legal name · K••••• A•••• M••••••••• L•• to WARDROOM PARTNERS LLCMar 31, 2026 to Sep 17, 2026
- Private funds · 23 to unsetMar 31, 2026 to Sep 17, 2026
- Succession · false to unsetMar 31, 2026 to Sep 17, 2026
- Accounts · 21 to 25Mar 31, 2025 to Mar 31, 2026
- Advisory employees · 2 to 3Mar 31, 2025 to Mar 31, 2026
- Pooled vehicle clients · 21 to 25Mar 31, 2025 to Mar 31, 2026
- Assets in custody · $227M to $206MMar 31, 2025 to Mar 31, 2026
- Employees · 3 to 4Mar 31, 2025 to Mar 31, 2026
- State-registered IARs · 2 to 4Mar 31, 2025 to Mar 31, 2026
- Private funds · 21 to 23Mar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $0 to $206MMar 31, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $227M to $0Mar 31, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $227M to $206MMar 31, 2025 to Mar 31, 2026
- RAUM · $227M to $206MMar 31, 2025 to Mar 31, 2026
- Accounts · 16 to 21Mar 28, 2024 to Mar 31, 2025
- Advisory employees · 3 to 2Mar 28, 2024 to Mar 31, 2025
- BD registered reps · 3 to 2Mar 28, 2024 to Mar 31, 2025
- Pooled vehicle clients · 16 to 21Mar 28, 2024 to Mar 31, 2025
- Assets in custody · $12.3M to $227MMar 28, 2024 to Mar 31, 2025
- Financial planning clients · 0 to 0Mar 28, 2024 to Mar 31, 2025
- HQ city · unset to Mar 28, 2024 to Mar 31, 2025
- HQ state · unset to Mar 28, 2024 to Mar 31, 2025
- State-registered IARs · 3 to 2Mar 28, 2024 to Mar 31, 2025
- Private funds · 16 to 21Mar 28, 2024 to Mar 31, 2025
- Discretionary RAUM · $173M to $0Mar 28, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $0 to $227MMar 28, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $173M to $227MMar 28, 2024 to Mar 31, 2025
- RAUM · $173M to $227MMar 28, 2024 to Mar 31, 2025
- Accounts · 12 to 16Mar 31, 2023 to Mar 28, 2024
- Advisory employees · 2 to 3Mar 31, 2023 to Mar 28, 2024
- BD registered reps · 2 to 3Mar 31, 2023 to Mar 28, 2024
- Pooled vehicle clients · 12 to 16Mar 31, 2023 to Mar 28, 2024
- Assets in custody · $163M to $12.3MMar 31, 2023 to Mar 28, 2024
- Employees · 2 to 3Mar 31, 2023 to Mar 28, 2024
- State-registered IARs · 1 to 3Mar 31, 2023 to Mar 28, 2024
- Private funds · 12 to 16Mar 31, 2023 to Mar 28, 2024
- Discretionary RAUM · $174M to $173MMar 31, 2023 to Mar 28, 2024
Signals
2 dated events
- Kenneth Merlo (Chief Compliance Officer) no longer on Schedule A of K••••• A•••• M••••••••• L•• (listed 2021-10-08, absent 2022-03-29)Mar 29, 2022 · Control person left · inference
- K••••• A•••• M••••••••• L•• filed its initial SEC registration (Form ADV)Aug 19, 2021 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- K••••• A•••• M••••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Principal office phone
- 917-691-8007reportedpublic record, Form ADV, Sep 17, 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
- $68.5Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026