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

P••••• A•••• M••••••••• L••

Independent wealth managerSioux Falls, South DakotaCRD 315701SEC 801-122001websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Jul 1, 2021 · 13 filings
SEC status approved since Aug 2, 2021
RAUM
$179M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
92%
$165M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$44.7M
derived; firm RAUM over IAPD count
Employees
6
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$179M as of Mar 30, 2026
Mar 30, 2022$103M then
HNW client RAUM$145M as of Mar 30, 2026
Mar 30, 2022$76.4M then
State-registered IARs (5.B.3)3 as of Mar 30, 2026
Mar 30, 20222 then
Employees (5.A)6 as of Mar 30, 2026
Mar 30, 20225 then
Private funds: no history
RAUM +27% over the last fiscal year+11% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • 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
RAUM per advisor
$44.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
24derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.7MderivedHNW RAUM over HNW clients
Average account
$594,583derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
0.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+27%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+2.2%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, otherreportedItem 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$145M81%
  • Individuals$20.4M11%
  • Investment companies$10.1M5.7%
  • Charitable organizations$1.4M0.8%
  • Banks and thrifts$1.3M0.7%
  • Corporations and businesses$1.1M0.6%
  • Insurance companies$100,0330.1%
Individual clients
55reported
HNW clients
39reported
Pension plan clients
n/areported
Charitable clients
1reported
Accounts
301reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.92 fund_share=0.06 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
R•••••• P•••••• P••••••Aiken, ScJan 2, 202637 y2
G••••• A••••• M•••••••Sioux Falls, SdJun 30, 202619 y0
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • S••••• J••••• S••••• · Managing Director, Chief Investment Officercontrol
    since 06/2021 · owns 75% or more
  • K••••••• T•••• H••••• · Managing Director, Chief Compliance Officer
    since 03/2023 · owns less than 5%
Related persons
Schedule D 7.A
Advisers that list P••••• A•••• M••••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Sioux Falls, Sd · principal210
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 314 to 301
    Mar 31, 2025 to Mar 30, 2026
  • Corporate clients · 2 to 3
    Mar 31, 2025 to Mar 30, 2026
  • HNW clients · 45 to 39
    Mar 31, 2025 to Mar 30, 2026
  • Individual clients · 47 to 55
    Mar 31, 2025 to Mar 30, 2026
  • Discretionary RAUM · $139M to $178M
    Mar 31, 2025 to Mar 30, 2026
  • HNW RAUM · $116M to $145M
    Mar 31, 2025 to Mar 30, 2026
  • Individual RAUM · $9.6M to $20.4M
    Mar 31, 2025 to Mar 30, 2026
  • Non-discretionary RAUM · $2.0M to $1.3M
    Mar 31, 2025 to Mar 30, 2026
  • RAUM · $141M to $179M
    Mar 31, 2025 to Mar 30, 2026
  • Accounts · 291 to 314
    Mar 27, 2024 to Mar 31, 2025
  • HNW clients · 46 to 45
    Mar 27, 2024 to Mar 31, 2025
  • Individual clients · 48 to 47
    Mar 27, 2024 to Mar 31, 2025
  • Financial planning clients · unset to
    Mar 27, 2024 to Mar 31, 2025
  • Discretionary RAUM · $127M to $139M
    Mar 27, 2024 to Mar 31, 2025
  • HNW RAUM · $106M to $116M
    Mar 27, 2024 to Mar 31, 2025
  • Individual RAUM · $9.4M to $9.6M
    Mar 27, 2024 to Mar 31, 2025
  • Non-discretionary RAUM · $2.2M to $2.0M
    Mar 27, 2024 to Mar 31, 2025
  • RAUM · $129M to $141M
    Mar 27, 2024 to Mar 31, 2025
  • Accounts · 306 to 291
    Nov 1, 2023 to Mar 27, 2024
  • HNW clients · 44 to 46
    Nov 1, 2023 to Mar 27, 2024
  • Individual clients · 86 to 48
    Nov 1, 2023 to Mar 27, 2024
  • Discretionary RAUM · $130M to $127M
    Nov 1, 2023 to Mar 27, 2024
  • HNW RAUM · $94.2M to $106M
    Nov 1, 2023 to Mar 27, 2024
  • Individual RAUM · $25.1M to $9.4M
    Nov 1, 2023 to Mar 27, 2024
  • Non-discretionary RAUM · $2.4M to $2.2M
    Nov 1, 2023 to Mar 27, 2024
  • RAUM · $132M to $129M
    Nov 1, 2023 to Mar 27, 2024
  • Accounts · 248 to 306
    Jul 27, 2022 to Mar 30, 2023
  • Corporate clients · 1 to 2
    Jul 27, 2022 to Mar 30, 2023
  • HNW clients · 40 to 44
    Jul 27, 2022 to Mar 30, 2023
  • Individual clients · 72 to 86
    Jul 27, 2022 to Mar 30, 2023
  • Insurance-licensed employees · 2 to 3
    Jul 27, 2022 to Mar 30, 2023
  • Other offices · 1 to 0
    Jul 27, 2022 to Mar 30, 2023
  • Discretionary RAUM · $100M to $130M
    Jul 27, 2022 to Mar 30, 2023
  • HNW RAUM · $76.4M to $94.2M
    Jul 27, 2022 to Mar 30, 2023
  • Individual RAUM · $20.1M to $25.1M
    Jul 27, 2022 to Mar 30, 2023
  • Non-discretionary RAUM · $2.9M to $2.4M
    Jul 27, 2022 to Mar 30, 2023
  • RAUM · $103M to $132M
    Jul 27, 2022 to Mar 30, 2023
  • Advisory employees · 2 to 3
    Mar 30, 2022 to Jul 27, 2022
  • Employees · 5 to 6
    Mar 30, 2022 to Jul 27, 2022
  • Insurance-licensed employees · 1 to 2
    Mar 30, 2022 to Jul 27, 2022
Signals
1 dated events
  • P••••• A•••• M••••••••• L•• filed its initial SEC registration (Form ADV)
    Jul 1, 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
Business phone
610-806-9001reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
866-670-0972reportedpublished by the firm, firm site, Sep 16, 2026
Website
p•••••••.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
(610) 806-9001reportedpublic record, Form ADV, Mar 30, 2026
Team page
p•••••••.comreportedpublished by the firm, firm site, Sep 16, 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
$44.7Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026