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
S• A•••• M••••••••• L••
Latest filing Mar 30, 2026
First filing on the tape Sep 6, 2022 · 8 filings
SEC status approved since Oct 6, 2022
RAUM
$1.9B
reported, Item 5.F
Discretionary
77%
of RAUM
Private clients
97%
$1.8B individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$632M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$1.9B as of Mar 30, 2026
Jan 31, 2023$1.1B then
HNW client RAUM$1.8B as of Mar 30, 2026
Jan 31, 2023$1000M then
State-registered IARs (5.B.3)3 as of Mar 30, 2026
Jan 31, 20232 then
Employees (5.A)3 as of Mar 30, 2026
Jan 31, 20232 then
Private funds1 as of Mar 30, 2026
Jan 31, 20231 then
RAUM +11% over the last fiscal year+21% 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
- 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
- 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
- $632MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $8.9MderivedHNW RAUM over HNW clients
- Average account
- $2.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 77%derivedof RAUM
- Institutional
- 0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +11%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $1.8B, 209 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
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- 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$1.8B97%
- Corporations and businesses$43.7M2.3%
- Pooled investment vehicles$14.3M0.8%
- Pension and profit-sharing plans$1.7M0.1%
- Individual clients
- n/areported
- HNW clients
- 207reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 897reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.8B for 209 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.97 fund_share=0.01 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| L•••• A••••• M••••• | Cupertino, Ca | Feb 1, 2023 | 10 y | 3 |
| S•••••• M•••••••• P••••• | Cupertino, Ca | Jun 22, 2023 | 31 y | 0 |
| R••••• C•••••••• R••••Certified Financial Planner | Mission Viejo, Ca | Oct 28, 2024 | 15 y | 2 |
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
Left, latest
- R•••• S•••• to R••• W••••• L••Aug 21, 2024 · Other
Joined, latest
- R••••• C•••••••• R•••• from M••••• S••••••Oct 28, 2024 · Wirehouse to independent RIA
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| S•• A••••••• S••• L• | Private Equity Fund | $14.3M | 45 | Mar 29, 2022 |
Owners and control persons
Schedule A and B, latest filing
- P•••••• M••••• S•••••• · Trusteecontrolsince 03/2025 · owns less than 5%
- P•••••• R••••• S•••••• · Trusteecontrolsince 03/2025 · owns less than 5%
- P•••••• S••••••• M•••••••• · Chief Compliance Officercontrolsince 01/2022 · owns 75% or more
- P•••••• P••••• S•••••• · Ownersince 01/2022 · owns 5% to 10%
Related persons
Schedule D 7.A
- P••••• I•••••••• S•••••••• L••real estatey
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Cupertino, Ca · principal | 3 | 0 | 0 | ||
| Eastchester, Ny | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Mar 30, 2026P•••••• R••••• S•••••• (TRUSTEE) appeared on Schedule A between the filings of 2024-03-28 and 2026-03-30peers: independent wealth managers, $1B to $5B (1,362)
- control person changedChange between filings · filing Mar 30, 2026P•••••• M••••• S•••••• (TRUSTEE) appeared on Schedule A between the filings of 2024-03-28 and 2026-03-30peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
- Accounts · 808 to 897May 14, 2025 to Mar 30, 2026
- Corporate clients · 7 to 3May 14, 2025 to Mar 30, 2026
- HNW clients · 182 to 207May 14, 2025 to Mar 30, 2026
- Assets in custody · $1.5B to $1.8BMay 14, 2025 to Mar 30, 2026
- Discretionary RAUM · $1.3B to $1.5BMay 14, 2025 to Mar 30, 2026
- HNW RAUM · $1.7B to $1.8BMay 14, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $429M to $429MMay 14, 2025 to Mar 30, 2026
- Pension RAUM · $1.3M to $1.7MMay 14, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $4.5M to $14.3MMay 14, 2025 to Mar 30, 2026
- RAUM · $1.7B to $1.9BMay 14, 2025 to Mar 30, 2026
- Financial planning clients · 101-250 to 101-250Mar 31, 2025 to May 14, 2025
- Accounts · 733 to 808Mar 28, 2024 to Mar 31, 2025
- HNW clients · 170 to 182Mar 28, 2024 to Mar 31, 2025
- Assets in custody · $70.0M to $1.5BMar 28, 2024 to Mar 31, 2025
- Discretionary RAUM · $973M to $1.3BMar 28, 2024 to Mar 31, 2025
- HNW RAUM · $1.3B to $1.7BMar 28, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $417M to $429MMar 28, 2024 to Mar 31, 2025
- Pension RAUM · $1.3M to $1.3MMar 28, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $4.3M to $4.5MMar 28, 2024 to Mar 31, 2025
- RAUM · $1.4B to $1.7BMar 28, 2024 to Mar 31, 2025
- Accounts · 663 to 733Apr 14, 2023 to Mar 28, 2024
- Advisory employees · 2 to 3Apr 14, 2023 to Mar 28, 2024
- Corporate clients · unset to 7.0Apr 14, 2023 to Mar 28, 2024
- HNW clients · 140 to 170Apr 14, 2023 to Mar 28, 2024
- Individual clients · 40.0 to unsetApr 14, 2023 to Mar 28, 2024
- Pooled vehicle clients · unset to 1.0Apr 14, 2023 to Mar 28, 2024
- Assets in custody · $53.0M to $70.0MApr 14, 2023 to Mar 28, 2024
- Custody of client assets · false to trueApr 14, 2023 to Mar 28, 2024
- State-registered IARs · 2 to 3Apr 14, 2023 to Mar 28, 2024
- Discretionary RAUM · $727M to $973MApr 14, 2023 to Mar 28, 2024
- HNW RAUM · $1000M to $1.3BApr 14, 2023 to Mar 28, 2024
- Individual RAUM · 53083414.0 to unsetApr 14, 2023 to Mar 28, 2024
- Non-discretionary RAUM · $343M to $417MApr 14, 2023 to Mar 28, 2024
- Pension RAUM · $2.0M to $1.3MApr 14, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · unset to 4295250.0Apr 14, 2023 to Mar 28, 2024
- RAUM · $1.1B to $1.4BApr 14, 2023 to Mar 28, 2024
- Employees · 2 to 3Jan 31, 2023 to Apr 14, 2023
- Accounts · 0 to 663Sep 7, 2022 to Jan 31, 2023
- HNW clients · unset to 140.0Sep 7, 2022 to Jan 31, 2023
- Individual clients · unset to 40.0Sep 7, 2022 to Jan 31, 2023
Signals
4 dated events
- R•••• S•••• left S• A•••• M••••••••• L•• for R••• W••••• L•• (registered 2026-05-26)Aug 21, 2024 · Advisor changed firm · fact
- S• A•••• M••••••••• L•• reported RAUM $1.4B, up 30% from $1.1B (2023-04-14 to 2024-03-28)Mar 28, 2024 · RAUM change · derived
- S• A•••• M••••••••• L•• filed its initial SEC registration (Form ADV)Sep 6, 2022 · First SEC registration · fact
- S• A•••• M••••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)Sep 6, 2022 · Succession (Item 4) · fact
Across DFX
shared identifiers only, never a name match
- S• A•••• M••••••••• L•• · Independent Sponsorsshared crd · capital_provider
- S• A•••• M••••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Business phone
- 408-257-7711reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- spassetmanagement.netreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 408-257-7711reportedpublic record, Form ADV, Mar 30, 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
- $632Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026