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
M••••• W••••• P•••••••• L••
Latest filing May 7, 2025
First filing on the tape Nov 11, 2022 · 11 filings
SEC status approved since Dec 12, 2022
RAUM
$166M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
1
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$166M as of May 7, 2025
Jan 20, 2023$0 then
HNW client RAUM$0 as of May 7, 2025
Jan 20, 2023$0 then
State-registered IARs (5.B.3)4 as of May 7, 2025
Jan 20, 20234 then
Employees (5.A)4 as of May 7, 2025
Jan 20, 20234 then
Private funds1 as of May 7, 2025
Mar 31, 20251 then
RAUM -33% over the last fiscal yearIARs 4 to 4
Practice profile
derived from the filing of May 7, 2025; every figure names its basis
- RAUM per advisor
- $41.5MderivedRAUM 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
- $166MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -33%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -100%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $166M, 1 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$166M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 1reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $166M for 1 clientsreported
- Compensation
- % of AUMreported
- 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
- R•••••• S••••• B••••• to S••••• F••••••••• L••Apr 24, 2025 · Other
- K••••• J• B••••••• to S••••• F••••••••• L••Apr 24, 2025 · Other
- D••••• P•••••• R••• to S••••• F••••••••• L••Apr 24, 2025 · Other
- T••• J•• R•••••• to S••••• F••••••••• L••Apr 24, 2025 · Other
Joined, latest
- K••••• J• B••••••• from W•••• E••••• G••••• I•••Jan 20, 2023 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 4 left for S••••• F••••••••• L••Apr 24, 2025 · Arlington Heights, Il · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B•••••• R••••••• S••••• · Chief Executive Officercontrolsince 06/2022 · owns 25% to 50%
- R••••••• T•••• J•• · Membercontrolsince 06/2022 · owns 25% to 50%
- R•••• D•••••• P•••••• · Chief Compliance Officercontrolsince 06/2022 · owns 25% to 50%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Arlington Heights, Il · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Libertyville, IL2 employees
What changed
consecutive filings, newest first
- Financial planning clients · unset to Mar 31, 2025 to May 7, 2025
- Accounts · 1,069 to 1Jan 17, 2024 to Mar 31, 2025
- Advisory employees · 3 to 4Jan 17, 2024 to Mar 31, 2025
- Advisory activities · 4 to 1Jan 17, 2024 to Mar 31, 2025
- BD registered reps · 3 to 4Jan 17, 2024 to Mar 31, 2025
- HNW clients · 108 to 0Jan 17, 2024 to Mar 31, 2025
- Individual clients · 419 to 0Jan 17, 2024 to Mar 31, 2025
- Pooled vehicle clients · 0 to 1Jan 17, 2024 to Mar 31, 2025
- Assets in custody · unset to 165927534.0Jan 17, 2024 to Mar 31, 2025
- Custody of client assets · false to trueJan 17, 2024 to Mar 31, 2025
- Insurance-licensed employees · 1 to 4Jan 17, 2024 to Mar 31, 2025
- Private funds · unset to 1Jan 17, 2024 to Mar 31, 2025
- Discretionary RAUM · $249M to $166MJan 17, 2024 to Mar 31, 2025
- HNW RAUM · $131M to $0Jan 17, 2024 to Mar 31, 2025
- Individual RAUM · $118M to $0Jan 17, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $0 to $166MJan 17, 2024 to Mar 31, 2025
- RAUM · $249M to $166MJan 17, 2024 to Mar 31, 2025
- Wrap assets (manager) · 0.0 to unsetJan 17, 2024 to Mar 31, 2025
- Wrap assets (sponsor) · 249000000.0 to unsetJan 17, 2024 to Mar 31, 2025
- Other offices · 0 to 1Oct 30, 2023 to Jan 17, 2024
- Accounts · 911 to 1,069Jan 17, 2024 to Jan 17, 2024
- HNW clients · 79 to 108Jan 17, 2024 to Jan 17, 2024
- Individual clients · 335 to 419Jan 17, 2024 to Jan 17, 2024
- Discretionary RAUM · $203M to $249MJan 17, 2024 to Jan 17, 2024
- HNW RAUM · $115M to $131MJan 17, 2024 to Jan 17, 2024
- Individual RAUM · $88.0M to $118MJan 17, 2024 to Jan 17, 2024
- RAUM · $203M to $249MJan 17, 2024 to Jan 17, 2024
- Wrap assets (sponsor) · $203M to $249MJan 17, 2024 to Jan 17, 2024
- Accounts · 0 to 911Feb 6, 2023 to Apr 11, 2023
- Charity clients · unset to 0.0Feb 6, 2023 to Apr 11, 2023
- Corporate clients · unset to 0.0Feb 6, 2023 to Apr 11, 2023
- HNW clients · unset to 79.0Feb 6, 2023 to Apr 11, 2023
- Individual clients · unset to 335.0Feb 6, 2023 to Apr 11, 2023
- Pension plan clients · unset to 0.0Feb 6, 2023 to Apr 11, 2023
- Pooled vehicle clients · unset to 0.0Feb 6, 2023 to Apr 11, 2023
- Discretionary RAUM · $0 to $203MFeb 6, 2023 to Apr 11, 2023
- HNW RAUM · $0 to $115MFeb 6, 2023 to Apr 11, 2023
- Individual RAUM · $0 to $88.0MFeb 6, 2023 to Apr 11, 2023
- RAUM · $0 to $203MFeb 6, 2023 to Apr 11, 2023
- Wrap assets (sponsor) · $0 to $203MFeb 6, 2023 to Apr 11, 2023
Signals
7 dated events
- M••••• W••••• P•••••••• L•• no longer on the SEC adviser roster (last listed 2025-12-20, RAUM $165.9M)Jan 2, 2026 · Left the SEC roster · derived
- K••••• J• B••••••• left M••••• W••••• P•••••••• L•• for S••••• F••••••••• L•• (registered 2024-10-01)Apr 24, 2025 · Advisor changed firm · fact
- T••• J•• R•••••• left M••••• W••••• P•••••••• L•• for S••••• F••••••••• L•• (registered 2024-09-25)Apr 24, 2025 · Advisor changed firm · fact
- D••••• P•••••• R••• left M••••• W••••• P•••••••• L•• for S••••• F••••••••• L•• (registered 2024-09-25)Apr 24, 2025 · Advisor changed firm · fact
- R•••••• S••••• B••••• left M••••• W••••• P•••••••• L•• for S••••• F••••••••• L•• (registered 2024-10-07)Apr 24, 2025 · Advisor changed firm · fact
- M••••• W••••• P•••••••• L••'s advisors moved to S••••• F••••••••• L•• (Arlington Heights, IL): 4 of 4 registered, on the same dayApr 24, 2025 · Firm absorbed (people side) · derived
- M••••• W••••• P•••••••• L•• filed its initial SEC registration (Form ADV)Nov 11, 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