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

K•• W••••• M••••••••• L••

Former SEC-registered adviserSchaumburg, IllinoisCRD 317947SEC 801-123175websiteIAPD
Latest filing Mar 18, 2024
First filing on the tape Jan 5, 2022 · 10 filings
SEC status approved since Feb 4, 2022
RAUM
$98.5M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
91%
$89.5M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
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
10 filings and snapshots on the tape
RAUM$98.5M as of Mar 18, 2024
Mar 6, 2023$93.7M then
HNW client RAUM$79.0M as of Mar 18, 2024
Mar 6, 2023$77.4M then
State-registered IARs (5.B.3)0 as of Mar 18, 2024
Mar 6, 20230 then
Employees (5.A)4 as of Mar 18, 2024
Mar 6, 20234 then
Private funds: no history
RAUM +5.1% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Mar 18, 2024; 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
$1.5MderivedHNW RAUM over HNW clients
Average account
$337,440derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
8.9%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
+5.1%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
+1.0%derived
Compensation
percentage of assets, hourly, 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)
  • 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$79.0M80%
  • Individuals$10.6M11%
  • Pension and profit-sharing plans$8.5M8.6%
  • Charitable organizations$277,1510.3%
  • Corporations and businesses$255,0650.3%
Individual clients
46reported
HNW clients
51reported
Pension plan clients
7reported
Charitable clients
n/areported
Accounts
292reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • R••••••••• S•••• N•• · Chief Compliance Officercontrol
    since 05/2022 · owns less than 5%
  • S••••• J••• A••• · Presidentcontrol
    since 10/2021 · owns less than 5%
Entity owners
  • K•• S•••••• G•••• L•• · Owner
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • K•• A••••••••• C••••••••• A•••••••• L••
    insurancen
  • K•• R••••••••• P••••••• S••••••• L••
    real estaten
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Schaumburg, Il · principal000
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 106 to 292
    Mar 7, 2023 to Mar 18, 2024
  • Advisory employees · 4 to 3
    Mar 7, 2023 to Mar 18, 2024
  • HNW clients · 54 to 51
    Mar 7, 2023 to Mar 18, 2024
  • Individual clients · 42 to 46
    Mar 7, 2023 to Mar 18, 2024
  • Insurance-licensed employees · 4 to 3
    Mar 7, 2023 to Mar 18, 2024
  • Financial planning clients · 0 to 1-10
    Mar 7, 2023 to Mar 18, 2024
  • Discretionary RAUM · $93.7M to $98.5M
    Mar 7, 2023 to Mar 18, 2024
  • HNW RAUM · $77.4M to $79.0M
    Mar 7, 2023 to Mar 18, 2024
  • Individual RAUM · $9.4M to $10.6M
    Mar 7, 2023 to Mar 18, 2024
  • Pension RAUM · $6.5M to $8.5M
    Mar 7, 2023 to Mar 18, 2024
  • RAUM · $93.7M to $98.5M
    Mar 7, 2023 to Mar 18, 2024
  • Accounts · 324 to 106
    May 17, 2022 to Mar 6, 2023
  • HNW clients · 51 to 54
    May 17, 2022 to Mar 6, 2023
  • Individual clients · 49 to 42
    May 17, 2022 to Mar 6, 2023
  • Pension plan clients · 10 to 7
    May 17, 2022 to Mar 6, 2023
  • Discretionary RAUM · $105M to $93.7M
    May 17, 2022 to Mar 6, 2023
  • HNW RAUM · $106M to $77.4M
    May 17, 2022 to Mar 6, 2023
  • Individual RAUM · $16.5M to $9.4M
    May 17, 2022 to Mar 6, 2023
  • Non-discretionary RAUM · $22.4M to $0
    May 17, 2022 to Mar 6, 2023
  • Pension RAUM · $4.9M to $6.5M
    May 17, 2022 to Mar 6, 2023
  • RAUM · $128M to $93.7M
    May 17, 2022 to Mar 6, 2023
  • Accounts · unset to 324.0
    Jan 26, 2022 to May 3, 2022
  • Advisory employees · 0 to 4
    Jan 26, 2022 to May 3, 2022
  • HNW clients · unset to 51.0
    Jan 26, 2022 to May 3, 2022
  • Individual clients · unset to 49.0
    Jan 26, 2022 to May 3, 2022
  • Pension plan clients · unset to 10.0
    Jan 26, 2022 to May 3, 2022
  • Employees · 0 to 4
    Jan 26, 2022 to May 3, 2022
  • Insurance-licensed employees · 0 to 4
    Jan 26, 2022 to May 3, 2022
  • Discretionary RAUM · unset to 105356024.0
    Jan 26, 2022 to May 3, 2022
  • HNW RAUM · $0 to $106M
    Jan 26, 2022 to May 3, 2022
  • Individual RAUM · $0 to $16.5M
    Jan 26, 2022 to May 3, 2022
  • Non-discretionary RAUM · unset to 22352113.0
    Jan 26, 2022 to May 3, 2022
  • Pension RAUM · $0 to $4.9M
    Jan 26, 2022 to May 3, 2022
  • Pooled vehicle RAUM · 0.0 to unset
    Jan 26, 2022 to May 3, 2022
  • RAUM · unset to 127708137.0
    Jan 26, 2022 to May 3, 2022
  • Financial planning clients · unset to 0
    Jan 5, 2022 to Jan 20, 2022
Signals
5 dated events
  • K•• W••••• M••••••••• L•• no longer on the SEC adviser roster (last listed 2025-03-06, RAUM $98.5M)
    May 2, 2025 · Left the SEC roster · derived
  • S••• N•• R••••••••• left K•• W••••• M••••••••• L•• for A•••• W••••• M••••••••• L•• (registered 2025-01-17)
    Mar 31, 2025 · Advisor changed firm · fact
  • Ira Allen Kutchins (Vice President) no longer on Schedule A of K•• W••••• M••••••••• L•• (listed 2022-05-17, absent 2023-03-06)
    Mar 6, 2023 · Control person left · inference
  • Nmn Srbo Radisavljevic (Chief Compliance Officer) appeared on Schedule A of K•• W••••• M••••••••• L••
    May 17, 2022 · Control person joined · fact
  • K•• W••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
    Jan 5, 2022 · 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.
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
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026