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A••• C•••••• M••••••••• L•

Wealth manager with institutional or fund businessSEC-registered2 private funds· San Francisco, Californiawebsite

Wealth manager with institutional or fund business, based in San Francisco, California, reporting $335M of regulatory assets across 1 registered advisors.

Composed from this adviser's Form ADV classification, location and filed figures.

Regulatory AUM
$335M
Form ADV
Advisors
1
IAPD
Net advisor flow, 12 months
0 (0 in, 0 out)
IAPD registration history
RAUM change, last fiscal year
-52%
Form ADV, consecutive annual filings
Private clients
41% of RAUM, $139M
Form ADV
As of · the latest Form ADV filing; advisor counts and movement are read from IAPD daily
Every filed figure, and the identifiersCRD 323353 · SEC 801-129529 · 8 filingsShow
CRD 323353SEC 801-129529First filing on the tape Jan 18, 2024, latest Mar 31, 2026SEC status approved since Feb 16, 2024IAPD
RAUM
$335M
reported, Item 5.F
Discretionary
42%
of RAUM
Private clients
41%
$139M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$335M
derived; firm RAUM over IAPD count
Employees
40
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$335M as of Mar 31, 2026
Mar 31, 2025$701M then
HNW client RAUM$139M as of Mar 31, 2026
Mar 31, 2025$103M then
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 31, 20250 then
Employees (5.A)40 as of Mar 31, 2026
Mar 31, 202544 then
Private funds2 as of Mar 31, 2026
Mar 31, 20253 then
RAUM -52% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$335MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$629,941derivedHNW RAUM over HNW clients
Average account
$1.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
42%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
40.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-52%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$335M, 277 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$139M51%
  • Pooled investment vehicles$75.0M28%
  • Corporations and businesses$55.8M21%
Individual clients
n/areported
HNW clients
220reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
277reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$335M for 277 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.41 fund_share=0.22 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
D••••• A••••• A•••• W••••San Francisco, CaAug 1, 202511 y1
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
Private funds
5 reported on Schedule D 7.B.(1)
Owners and control persons
Schedule A and B, latest filing
  • K••• M••••••• L•••• · Managing Directorcontrol
    since 11/2022 · owns 5% to 10%
  • S••••••• E••••• I•••••• · Chief Compliance Officercontrol
    since 11/2022 · owns less than 5%
Entity owners
  • A••• C•••••• M••••••••• L•• · General Partner
    direct · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
6 against comparable advisers; where to look, not conclusions
  • compensation changedChange between filings · filing Mar 31, 2026
    performance-based compensation (Item 5.E.6): yes on the filing of 2026-02-09, no on the filing of 2026-03-31
    peers: independent wealth managers, $100M to $500M (5,679)
  • discretionary share shiftChange between filings · filing Mar 31, 2026
    discretionary share of RAUM moved from 85.0% to 42.0% between the annual amendments of 2025-03-31 and 2026-03-31
    peers: independent wealth managers, $100M to $500M (5,679)
  • HNW share shiftChange between filings · filing Mar 31, 2026
    HNW share of RAUM moved from 15.0% to 41.0% between the annual amendments of 2025-03-31 and 2026-03-31
    peers: independent wealth managers, $100M to $500M (5,679)
  • client mix shiftChange between filings · filing Mar 31, 2026
    private-client share of RAUM moved from 15.0% to 41.0% between the annual amendments of 2025-03-31 and 2026-03-31
    peers: independent wealth managers, $100M to $500M (5,679)
  • institutional asset share shiftChange between filings · filing Mar 31, 2026
    institutional share of RAUM moved from 0.0% to 17.0% between the annual amendments of 2025-03-31 and 2026-03-31
    peers: independent wealth managers, $100M to $500M (5,679)
  • RAUM down 50 %Change between filings · filing Mar 31, 2026
    RAUM (Item 5.F) moved from $700,641,708 to $334,730,631 (-52.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +15.0% (4548 comparable advisers, 0.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (4,548) · 0.4% percentile
What changed
consecutive filings, newest first
  • Accounts · 87 to 277
    Feb 9, 2026 to Mar 31, 2026
  • Advisory employees · 6 to 5
    Feb 9, 2026 to Mar 31, 2026
  • Corporate clients · 7 to 55
    Feb 9, 2026 to Mar 31, 2026
  • HNW clients · 77 to 220
    Feb 9, 2026 to Mar 31, 2026
  • Pooled vehicle clients · 3 to 1
    Feb 9, 2026 to Mar 31, 2026
  • Assets in custody · $701M to $335M
    Feb 9, 2026 to Mar 31, 2026
  • Employees · 44 to 40
    Feb 9, 2026 to Mar 31, 2026
  • Private funds · 3 to 2
    Feb 9, 2026 to Mar 31, 2026
  • Discretionary RAUM · $597M to $140M
    Feb 9, 2026 to Mar 31, 2026
  • HNW RAUM · $103M to $139M
    Feb 9, 2026 to Mar 31, 2026
  • Non-discretionary RAUM · $104M to $194M
    Feb 9, 2026 to Mar 31, 2026
  • Pooled vehicle RAUM · $597M to $75.0M
    Feb 9, 2026 to Mar 31, 2026
  • RAUM · $701M to $335M
    Feb 9, 2026 to Mar 31, 2026
  • Financial planning clients · unset to
    May 20, 2025 to Jul 9, 2025
  • Accounts · 75 to 87
    Jan 29, 2024 to Mar 31, 2025
  • Advisory employees · 4 to 6
    Jan 29, 2024 to Mar 31, 2025
  • Corporate clients · unset to 7.0
    Jan 29, 2024 to Mar 31, 2025
  • HNW clients · unset to 77.0
    Jan 29, 2024 to Mar 31, 2025
  • Individual clients · 75.0 to unset
    Jan 29, 2024 to Mar 31, 2025
  • Pooled vehicle clients · unset to 3.0
    Jan 29, 2024 to Mar 31, 2025
  • Assets in custody · $103M to $701M
    Jan 29, 2024 to Mar 31, 2025
  • Custody of client assets · false to true
    Jan 29, 2024 to Mar 31, 2025
  • Employees · 5 to 44
    Jan 29, 2024 to Mar 31, 2025
  • Private funds · 1 to 3
    Jan 29, 2024 to Mar 31, 2025
  • Discretionary RAUM · $103M to $597M
    Jan 29, 2024 to Mar 31, 2025
  • HNW RAUM · unset to 102626728.0
    Jan 29, 2024 to Mar 31, 2025
  • Individual RAUM · 102500000.0 to unset
    Jan 29, 2024 to Mar 31, 2025
  • Non-discretionary RAUM · $0 to $104M
    Jan 29, 2024 to Mar 31, 2025
  • Pooled vehicle RAUM · unset to 596862232.0
    Jan 29, 2024 to Mar 31, 2025
  • RAUM · $103M to $701M
    Jan 29, 2024 to Mar 31, 2025
  • Private funds · 2 to 1
    Jan 18, 2024 to Jan 29, 2024
Signals
12 dated events
  • ••• Locked
    Mar 31, 2026 · private fund first reported · fact
  • ••• Locked
    Mar 31, 2026 · RAUM change · derived
  • ••• Locked
    Mar 31, 2026 · private fund first reported · fact
  • ••• Locked
    Mar 31, 2026 · private fund no longer reported · inference
  • ••• Locked
    Mar 31, 2026 · ria indirect owner change · fact
  • ••• Locked
    Mar 31, 2026 · ria principal change · derived
  • ••• Locked
    Mar 31, 2026 · ria principal change · fact
  • ••• Locked
    Mar 31, 2026 · Control person left · inference
  • ••• Locked
    Mar 31, 2026 · Control person joined · fact
  • ••• Locked
    Mar 31, 2025 · RAUM change · derived
  • ••• Locked
    Jan 29, 2024 · ria registration change · fact
  • ••• Locked
    Jan 18, 2024 · 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
Website
••• Lockedreportedpublic record, Form ADV, Mar 31, 2026
Principal office phone
••• Lockedreportedpublic 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
Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
RAUM per advisor
$335Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026