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• F••• M••••••• L••
Latest filing Jul 14, 2026
First filing on the tape Feb 9, 2023 · 9 filings
SEC status approved since Mar 13, 2023
RAUM
$475M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$237M
derived; firm RAUM over IAPD count
Employees
42
14 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
6
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$475M as of Jul 14, 2026
Mar 29, 2024$312M then
HNW client RAUM: no history
State-registered IARs (5.B.3)2 as of Jul 14, 2026
Mar 29, 20240 then
Employees (5.A)42 as of Jul 14, 2026
Mar 29, 202433 then
Private funds6 as of Jul 14, 2026
Mar 29, 20242 then
RAUM -40% over the last fiscal yearIARs 2 to 2offices 1 to 0
Practice profile
derived from the filing of Jul 14, 2026; every figure names its basis
- RAUM per advisor
- $237MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $79.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 21.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -41%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 assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 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
- 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)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$475M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 6reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| S•••• B•• E•••••• | Dallas, Tx | Apr 10, 2023 | 14 y | 0 |
| J•••• L•••• R••••• | Dallas, Tx | Apr 13, 2023 | 10 y | 0 |
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
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| S• R••• E••••• F••• I•••• | Real Estate Fund | $278M | 59 | Jul 11, 2023 |
| S• R••• E••••• F••• I• ••••••••• L• | Real Estate Fund | $8.9M | 9 | Jul 11, 2023 |
Owners and control persons
Schedule A and B, latest filing
- E••••••• M•••• J••••• · Coocontrolsince 11/2014 · owns less than 5%
- E••••••• S••••• B•• · Ceocontrolsince 07/2012 · owns 75% or more
- K•••••• M••••• E•••••••• · Cfocontrolsince 03/2015 · owns less than 5%
- R•••••• J••••• L•••• · General Counsel & Ccocontrolsince 03/2021 · owns less than 5%
- C••••••• P••••••• J•••• · Head Of Capital Formation & Investor Relationssince 03/2024 · owns less than 5%
- E•••••• D••••• N•• · Chief People Officersince 03/2024 · owns less than 5%
Related persons
Schedule D 7.A
- S• F••• G• I•• L••pooled vehicle sponsorn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Dallas, Tx · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Stamford, CT1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM down 25 %Change between filings · filing Mar 31, 2026RAUM (Item 5.F) moved from $792,258,466 to $464,747,990 (-41.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +4.0% (1147 comparable advisers, 5.0th percentile of changes)peers: ASSET_M••••••, $100M to $500M (1,147) · 5.3% percentile
What changed
consecutive filings, newest first
- Discretionary RAUM · $465M to $475MMar 31, 2026 to Jul 14, 2026
- Pooled vehicle RAUM · $465M to $475MMar 31, 2026 to Jul 14, 2026
- RAUM · $465M to $475MMar 31, 2026 to Jul 14, 2026
- Accounts · 5 to 6Mar 31, 2025 to Mar 31, 2026
- Pooled vehicle clients · 5 to 6Mar 31, 2025 to Mar 31, 2026
- Employees · 45 to 42Mar 31, 2025 to Mar 31, 2026
- Other offices · 1 to 0Mar 31, 2025 to Mar 31, 2026
- Private funds · 5 to 6Mar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $792M to $465MMar 31, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $792M to $465MMar 31, 2025 to Mar 31, 2026
- RAUM · $792M to $465MMar 31, 2025 to Mar 31, 2026
- Accounts · 2 to 5Apr 2, 2024 to Mar 31, 2025
- Pooled vehicle clients · 2 to 5Apr 2, 2024 to Mar 31, 2025
- Assets in custody · 304636.0 to unsetApr 2, 2024 to Mar 31, 2025
- Custody of client assets · true to falseApr 2, 2024 to Mar 31, 2025
- Employees · 33 to 45Apr 2, 2024 to Mar 31, 2025
- Financial planning clients · unset to Apr 2, 2024 to Mar 31, 2025
- State-registered IARs · 0 to 2Apr 2, 2024 to Mar 31, 2025
- Private funds · 2 to 5Apr 2, 2024 to Mar 31, 2025
- Discretionary RAUM · $312M to $792MApr 2, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $312M to $792MApr 2, 2024 to Mar 31, 2025
- RAUM · $312M to $792MApr 2, 2024 to Mar 31, 2025
- Assets in custody · $100M to $304,636Dec 11, 2023 to Mar 29, 2024
- Employees · 30 to 33Dec 11, 2023 to Mar 29, 2024
- Other offices · 0 to 1Dec 11, 2023 to Mar 29, 2024
- Discretionary RAUM · $100M to $312MDec 11, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $100M to $312MDec 11, 2023 to Mar 29, 2024
- RAUM · $100M to $312MDec 11, 2023 to Mar 29, 2024
- Accounts · unset to 2.0Feb 9, 2023 to Jul 11, 2023
- Pooled vehicle clients · unset to 2.0Feb 9, 2023 to Jul 11, 2023
- Assets in custody · unset to 100050000.0Feb 9, 2023 to Jul 11, 2023
- Custody of client assets · false to trueFeb 9, 2023 to Jul 11, 2023
- Private funds · unset to 2Feb 9, 2023 to Jul 11, 2023
- Discretionary RAUM · unset to 100050000.0Feb 9, 2023 to Jul 11, 2023
- Non-discretionary RAUM · unset to 0.0Feb 9, 2023 to Jul 11, 2023
- Pooled vehicle RAUM · unset to 100050000.0Feb 9, 2023 to Jul 11, 2023
- RAUM · unset to 100050000.0Feb 9, 2023 to Jul 11, 2023
Signals
4 dated events
- S• F••• M••••••• L•• reported RAUM $464.7M, down 41% from $792.3M (2025-03-31 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- S• F••• M••••••• L•• reported RAUM $792.3M, up 154% from $312.2M (2024-04-02 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- S• F••• M••••••• L•• reported RAUM $312.2M, up 212% from $100.0M (2023-12-11 to 2024-03-29)Mar 29, 2024 · RAUM change · derived
- S• F••• M••••••• L•• filed its initial SEC registration (Form ADV)Feb 9, 2023 · 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
- Firm profile
- linkedin.com/company/s2-capital-llcreportedpublic record, Form ADV, Sep 19, 2026
- Website
- s•••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 214-377-2977reportedpublic record, Form ADV, Jul 14, 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
- ASSET M••••••deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $237Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026
Across the graphs
S• F••• M••••••• L•• is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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