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••••• L••

Former SEC-registered adviserNew York, New YorkCRD 321745SEC 801-126565websiteIAPD
Latest filing Oct 31, 2025
First filing on the tape Aug 15, 2022 · 19 filings
SEC status approved since Sep 19, 2022
RAUM
$105M
reported, Item 5.F
Discretionary
25%
of RAUM
Private clients
1.1%
$1.1M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
10
5 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$105M as of Oct 31, 2025
Mar 27, 2023$26.8M then
HNW client RAUM$1.1M as of Oct 31, 2025
Mar 30, 2024$51.3M then
State-registered IARs (5.B.3)1 as of Oct 31, 2025
Mar 27, 20231 then
Employees (5.A)10 as of Oct 31, 2025
Mar 27, 20232 then
Private funds1 as of Mar 31, 2025
Mar 30, 20241 then
RAUM +24% over the last fiscal yearIARs 2 to 1offices 3 to 1
Practice profile
derived from the filing of Oct 31, 2025; every figure names its basis
RAUM per advisor
$105MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.1MderivedHNW RAUM over HNW clients
Average account
$21.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
25%derivedof RAUM
Institutional
75%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
10.0derivedItem 5.A over advisors
Advisors per office
0.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+24%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, hourly, fixed fees, performance-basedreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, 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
  • 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
  • Charitable organizations$78.9M75%
  • Pooled investment vehicles$24.8M24%
  • High-net-worth individuals$1.1M1.1%
Individual clients
n/areported
HNW clients
1reported
Pension plan clients
n/areported
Charitable clients
2reported
Accounts
5reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourly, performancereported
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
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      L••••• C••••• C••••••• F••• I••• K•••• L•Private Equity Fund$11.0M2Jan 9, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • C••••••••• J••••• A••••• · Chief Executive Officercontrol
        since 07/2024 · owns less than 5%
      • M•••••• N•••••••• M•••••• · Presidentcontrol
        since 07/2024 · owns less than 5%
      • N••••••• H•••• L•••• · Chief Compliance Officercontrol
        since 07/2022 · owns less than 5%
      • S•••• U••••• N••••• · Cfo & Ctocontrol
        since 07/2023 · owns less than 5%
      • C••••••••• J••••• A••••• · Partnercontrol
        since 05/2021 · owns 25% to 50% of K•••• H••••••• L••
      • M•••••• N•••••••• M•••••• · Partnercontrol
        since 05/2021 · owns 25% to 50% of K•••• H••••••• L••
      • R••••••••• V••••••• R••••••• L••••• S••• · Partnercontrol
        since 05/2021 · owns 25% to 50% of K•••• H••••••• L••
      • S•••• U••••• N••••• · Partnercontrol
        since 05/2021 · owns 25% to 50% of K•••• H••••••• L••
      Entity owners
      • K•••• F•••••••• L•• · Sole Member Of Registrant
        direct · owns 75% or more
      • K•••• H••••••• L•• · Sole Member
        indirect · owns 75% or more of K•••• F•••••••• L••
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      • , 1 employees
      What changed
      consecutive filings, newest first
      • Private funds · 1 to unset
        Mar 31, 2025 to Oct 31, 2025
      • Advisory employees · 9 to 5
        Jul 25, 2024 to Mar 31, 2025
      • Charity clients · unset to 2.0
        Jul 25, 2024 to Mar 31, 2025
      • HNW clients · 0 to 1
        Jul 25, 2024 to Mar 31, 2025
      • Pension plan clients · 0.0 to unset
        Jul 25, 2024 to Mar 31, 2025
      • Financial planning clients · 1-10 to 1-10
        Jul 25, 2024 to Mar 31, 2025
      • Other offices · 3 to 1
        Jul 25, 2024 to Mar 31, 2025
      • Discretionary RAUM · $34.3M to $26.0M
        Jul 25, 2024 to Mar 31, 2025
      • HNW RAUM · $51.3M to $1.1M
        Jul 25, 2024 to Mar 31, 2025
      • Non-discretionary RAUM · $50.0M to $78.9M
        Jul 25, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $32.3M to $24.8M
        Jul 25, 2024 to Mar 31, 2025
      • RAUM · $84.3M to $105M
        Jul 25, 2024 to Mar 31, 2025
      • Advisory employees · 10 to 9
        Mar 30, 2024 to Jul 25, 2024
      • BD registered reps · 1 to 0
        Mar 30, 2024 to Jul 25, 2024
      • Employees · 12 to 10
        Mar 30, 2024 to Jul 25, 2024
      • State-registered IARs · 2 to 1
        Mar 30, 2024 to Jul 25, 2024
      • Accounts · 4 to 5
        Jan 9, 2024 to Mar 30, 2024
      • Advisory employees · 3 to 10
        Jan 9, 2024 to Mar 30, 2024
      • Pooled vehicle clients · 0 to 2
        Jan 9, 2024 to Mar 30, 2024
      • Employees · 8 to 12
        Jan 9, 2024 to Mar 30, 2024
      • Financial planning clients · unset to 1-10
        Jan 9, 2024 to Mar 30, 2024
      • State-registered IARs · 1 to 2
        Jan 9, 2024 to Mar 30, 2024
      • Discretionary RAUM · $24.8M to $34.3M
        Jan 9, 2024 to Mar 30, 2024
      • HNW RAUM · unset to 51250056.0
        Jan 9, 2024 to Mar 30, 2024
      • Individual RAUM · 7000000.0 to unset
        Jan 9, 2024 to Mar 30, 2024
      • Non-discretionary RAUM · $6.0M to $50.0M
        Jan 9, 2024 to Mar 30, 2024
      • Pooled vehicle RAUM · unset to 32289267.0
        Jan 9, 2024 to Mar 30, 2024
      • RAUM · $30.8M to $84.3M
        Jan 9, 2024 to Mar 30, 2024
      • Advisory employees · 2 to 3
        Sep 22, 2023 to Jan 9, 2024
      • BD registered reps · 0 to 1
        Sep 22, 2023 to Jan 9, 2024
      • Employees · 7 to 8
        Sep 22, 2023 to Jan 9, 2024
      • State-registered IARs · 2 to 1
        Sep 22, 2023 to Jan 9, 2024
      • Other offices · 0 to 3
        Sep 22, 2023 to Jan 9, 2024
      • Private funds · unset to 1
        Sep 22, 2023 to Jan 9, 2024
      • Related broker-dealer · false to true
        Sep 22, 2023 to Jan 9, 2024
      • Advisory employees · 1 to 2
        Jun 24, 2023 to Sep 22, 2023
      • Employees · 2 to 7
        Jun 24, 2023 to Sep 22, 2023
      • State-registered IARs · 1 to 2
        Jun 24, 2023 to Sep 22, 2023
      • Charity clients · 0.0 to unset
        Apr 27, 2023 to May 18, 2023
      • Corporate clients · 0.0 to unset
        Apr 27, 2023 to May 18, 2023
      Signals
      2 dated events
      • K•••• W••••• L•• no longer on the SEC adviser roster (last listed 2026-02-02, RAUM $104.9M)
        Mar 2, 2026 · Left the SEC roster · derived
      • K•••• W••••• L•• filed its initial SEC registration (Form ADV)
        Aug 15, 2022 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      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