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•••••• C••••••

Independent wealth managerSan Francisco, CaliforniaCRD 316754SEC 801-122492websiteIAPD
Legal name L•••••• C•••••• L•
Latest filing Mar 31, 2026
First filing on the tape Sep 13, 2021 · 13 filings
SEC status approved since Oct 13, 2021
RAUM
$410M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
79%
$324M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$205M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
5
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$410M as of Mar 31, 2026
Mar 30, 2022$204M then
HNW client RAUM$324M as of Mar 31, 2026
Mar 30, 2022$132M then
State-registered IARs (5.B.3)3 as of Mar 31, 2026
Mar 30, 20221 then
Employees (5.A)3 as of Mar 31, 2026
Mar 30, 20221 then
Private funds5 as of Mar 31, 2026
Mar 30, 20227 then
RAUM +34% over the last fiscal year+40% a year over threeIARs 2 to 3
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • RIA with heavy alternatives · a wealth manager whose private fund gross assets are at least 25 percent of RAUM, or five or more private funds
  • RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$205MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$9.5MderivedHNW RAUM over HNW clients
Average account
$2.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+34%derivedbetween the last two annual amendments
Advisor growth, one year
+50%derivedItem 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 individuals, portfolio management for pooled vehicles, selection of other advisers, 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$324M79%
  • Pooled investment vehicles$79.1M19%
  • Charitable organizations$7.5M1.8%
Individual clients
n/areported
HNW clients
34reported
Pension plan clients
n/areported
Charitable clients
1reported
Accounts
152reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.79 fund_share=0.19 institutional_share=0.02 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
S•••••• R••San Francisco, CaOct 24, 202420 y0
W•••• T••••• M•••••••San Francisco, CaAug 28, 202512 y0
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 headcount1 left over 36 months
Joined, latest
none on the tape
    Private funds
    11 reported on Schedule D 7.B.(1)
    Owners and control persons
    Schedule A and B, latest filing
    • R••• S•••••• · Managing Partner; Chief Compliance Officercontrol
      since 08/2021 · owns 75% or more
    • R••• S•••••• · Manager; Membercontrol
      since 08/2021 · owns 75% or more of V•• C•••••• L••
    Entity owners
    • V•• C•••••• L•• · General Partner
      direct · owns less than 5%
    Related persons
    Schedule D 7.A
    • L•••••• O••••••••• M••••••• I•• L••
      pooled vehicle sponsory
    • V•• S•• G• L••
      pooled vehicle sponsory
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    San Francisco, Ca · principal200
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • unusually large average HNW clientStatic outlier · filing Mar 31, 2026
      HNW RAUM per HNW client of $9,515,773 against a peer median of $2,404,040 (4940 comparable advisers, 99.0th percentile, 4.8 robust deviations)
      peers: independent wealth managers, $100M to $500M (4,940) · 99% percentile
    What changed
    consecutive filings, newest first
    • Accounts · 113 to 152
      Mar 31, 2025 to Mar 31, 2026
    • Charity clients · unset to 1.0
      Mar 31, 2025 to Mar 31, 2026
    • HNW clients · 12 to 34
      Mar 31, 2025 to Mar 31, 2026
    • State-registered IARs · 2 to 3
      Mar 31, 2025 to Mar 31, 2026
    • Discretionary RAUM · $305M to $410M
      Mar 31, 2025 to Mar 31, 2026
    • HNW RAUM · $236M to $324M
      Mar 31, 2025 to Mar 31, 2026
    • Pooled vehicle RAUM · $66.0M to $79.1M
      Mar 31, 2025 to Mar 31, 2026
    • RAUM · $305M to $410M
      Mar 31, 2025 to Mar 31, 2026
    • Accounts · 104 to 113
      Oct 24, 2024 to Mar 31, 2025
    • Charity clients · 1.0 to unset
      Oct 24, 2024 to Mar 31, 2025
    • Financial planning clients · unset to
      Oct 24, 2024 to Mar 31, 2025
    • State-registered IARs · 3 to 2
      Oct 24, 2024 to Mar 31, 2025
    • Legal name · V•• C•••••• M••••••••• L• to L•••••• C•••••• L•
      Oct 24, 2024 to Mar 31, 2025
    • Discretionary RAUM · $267M to $305M
      Oct 24, 2024 to Mar 31, 2025
    • HNW RAUM · $209M to $236M
      Oct 24, 2024 to Mar 31, 2025
    • Pooled vehicle RAUM · $54.9M to $66.0M
      Oct 24, 2024 to Mar 31, 2025
    • RAUM · $267M to $305M
      Oct 24, 2024 to Mar 31, 2025
    • Related insurance company · false to true
      Oct 24, 2024 to Mar 31, 2025
    • Accounts · 120 to 104
      Nov 6, 2023 to Mar 22, 2024
    • Advisory employees · 2 to 3
      Nov 6, 2023 to Mar 22, 2024
    • Advisory activities · 5 to 4
      Nov 6, 2023 to Mar 22, 2024
    • Charity clients · unset to 1.0
      Nov 6, 2023 to Mar 22, 2024
    • HNW clients · 7 to 12
      Nov 6, 2023 to Mar 22, 2024
    • Pooled vehicle clients · 11 to 5
      Nov 6, 2023 to Mar 22, 2024
    • State-registered IARs · 2 to 3
      Nov 6, 2023 to Mar 22, 2024
    • Private funds · 11 to 5
      Nov 6, 2023 to Mar 22, 2024
    • Discretionary RAUM · $149M to $267M
      Nov 6, 2023 to Mar 22, 2024
    • HNW RAUM · $111M to $209M
      Nov 6, 2023 to Mar 22, 2024
    • Pooled vehicle RAUM · $37.9M to $54.9M
      Nov 6, 2023 to Mar 22, 2024
    • RAUM · $149M to $267M
      Nov 6, 2023 to Mar 22, 2024
    • Accounts · 62 to 120
      Oct 27, 2022 to Mar 28, 2023
    • Business name · V•• C•••••• M••••••••• L• to L•••••• C••••••
      Oct 27, 2022 to Mar 28, 2023
    • HNW clients · 9 to 7
      Oct 27, 2022 to Mar 28, 2023
    • Pooled vehicle clients · 7 to 11
      Oct 27, 2022 to Mar 28, 2023
    • Employees · 2 to 3
      Oct 27, 2022 to Mar 28, 2023
    • State-registered IARs · 1 to 2
      Oct 27, 2022 to Mar 28, 2023
    • Private funds · 7 to 11
      Oct 27, 2022 to Mar 28, 2023
    • Discretionary RAUM · $204M to $149M
      Oct 27, 2022 to Mar 28, 2023
    • HNW RAUM · $132M to $111M
      Oct 27, 2022 to Mar 28, 2023
    • Pooled vehicle RAUM · $47.9M to $37.9M
      Oct 27, 2022 to Mar 28, 2023
    Signals
    4 dated events
    • L•••••• C•••••• reported RAUM $410.1M, up 34% from $305.5M (2025-03-31 to 2026-03-31)
      Mar 31, 2026 · RAUM change · derived
    • L•••••• C•••••• reported RAUM $267.4M, up 80% from $148.6M (2023-11-06 to 2024-03-22)
      Mar 22, 2024 · RAUM change · derived
    • D••••• M••••• C••••••• left L•••••• C•••••• for I•• C••••••• L•• (registered 2024-02-21)
      Feb 2, 2024 · Advisor changed firm · fact
    • V•• C•••••• M••••••••• L• filed its initial SEC registration (Form ADV)
      Sep 13, 2021 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    How to reach
    public business contact points only, each with its source
    Business email
    info@lavellecapital.comreportedpublished by the firm, firm site, Sep 16, 2026
    Business phone
    415-501-9987reportedpublished by the firm, firm site, Sep 16, 2026
    Website
    lavellecapital.comreportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    415-501-9987reportedpublic 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
    Independent wealth managerderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $205Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026