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
S••••••••• L••
Latest filing Sep 5, 2024
First filing on the tape May 23, 2023 · 13 filings
SEC status approved since Jun 27, 2023
RAUM
$1.7B
reported, Item 5.F
Discretionary
73%
of RAUM
Private clients
14%
$238M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
14
12 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$1.7B as of Sep 5, 2024
May 23, 2023$1.6B then
HNW client RAUM$222M as of Sep 5, 2024
May 23, 2023$195M then
State-registered IARs (5.B.3)9 as of Sep 5, 2024
May 23, 20239 then
Employees (5.A)14 as of Sep 5, 2024
May 23, 202314 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Sep 5, 2024; every figure names its basis
- RAUM per advisor
- $194MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 10derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.9MderivedHNW RAUM over HNW clients
- Average account
- $3.8MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 73%derivedof RAUM
- Institutional
- 86%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.6derivedItem 5.A over advisors
- Advisors per office
- 3.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
- Custody
- $181M, 31 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Charitable organizations$1.3B72%
- Pension and profit-sharing plans$248M14%
- High-net-worth individuals$222M13%
- Individuals$16.5M0.9%
- Corporations and businesses$1.0M0.1%
- Individual clients
- 42reported
- HNW clients
- 45reported
- Pension plan clients
- 1reported
- Charitable clients
- 57reported
- Accounts
- 464reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $181M for 31 clientsreported
- Compensation
- % of AUM, fixedreported
- 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
- P•••• M•••• B•••• to I•• A••••••• S•••••••• I•••Jan 3, 2025 · Other
- B••••••• H••••• V••••••••• to I•• A••••••• S•••••••• I•••Jan 3, 2025 · Other
- A••••• N•••• A••••• to I•• A••••••• S•••••••• I•••Jan 3, 2025 · Other
- A••• S••••••• T••••••• to I•• A••••••• S•••••••• I•••Jan 3, 2025 · Other
- D•• V•• L• to I•• A••••••• S•••••••• I•••Jan 3, 2025 · Other
- A•••••••• J••••• D••••••• to I•• A••••••• S•••••••• I•••Jan 3, 2025 · Other
- Z•• E•••••••• M•••• to I•• A••••••• S•••••••• I•••Jan 3, 2025 · Other
- L••••• G•••••••• to I•• A••••••• S•••••••• I•••Jan 3, 2025 · Other
- J•••• A••• B••••• to I•• A••••••• S•••••••• I•••Jan 3, 2025 · Other
- E••• P•••• B••••• to S••••• G••••• I••••••••• L••Mar 21, 2024 · Other
- E••••• D•••• K••••• to A•••• I•••••• L••Jan 10, 2024 · Other
Joined, latest
- B••••••• H••••• V••••••••• from S••••••••• I••••••••• C••••••• L•••Jul 20, 2023 · Other
- A••• S••••••• T••••••• from S••••••••• I••••••••• C••••••• L•••Jul 20, 2023 · Other
- D•• V•• L• from S••••••••• I••••••••• C••••••• L•••Jul 20, 2023 · Other
- E••••• D•••• K••••• from S••••••••• I••••••••• C••••••• L•••Jul 20, 2023 · Other
- E••• P•••• B••••• from S••••••••• I••••••••• C••••••• L•••Jul 18, 2023 · Other
- A••••• N•••• A••••• from S••••••••• I••••••••• C••••••• L•••Jul 17, 2023 · Other
- L••••• G•••••••• from S••••••••• I••••••••• C••••••• L•••Jul 17, 2023 · Other
- J•••• A••• B••••• from S••••••••• I••••••••• C••••••• L•••Jul 17, 2023 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 9 left for I•• A••••••• S•••••••• I•••Jan 3, 2025 · Denver, Co · Firm absorbed
- 8 joined from S••••••••• I••••••••• C••••••• L•••Dec 31, 2023 · Denver, Co · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- A•••••• A•••••• N•••• · Co-President & Chief Operating Officercontrolsince 07/2023 · owns less than 5%
- R•••••• V••••••• L••• · Chief Compliance Officercontrolsince 08/2024 · owns less than 5%
- V••••••••• B•••••••• H••••• · Co-Presidentcontrolsince 07/2023 · owns less than 5%
Entity owners
- I•• A••••••• L•• · Memberdirect · owns 75% or more
- I•• F•••••••• G••••• I••• · Memberindirect · owns 75% or more of I•• A••••••• L••
Related persons
Schedule D 7.A
- E••••• I•••••••• S••••••• L••real estaten
- I•• A••••••• S•••••••• I•••investment adviserreal estatenRAUM $3.9B
- I•• I••••••••• I•••real estaten
- I••• I•••real estaten
- T••••••••• I•••real estaten
- W••••••••• I••• C••real estaten
- W••••••••• I••• U•real estaten
Advisers that list S••••••••• L•• as a related person
- 112091 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Denver, Co · principal | 0 | 0 | 0 | ||
| Belgrade, Mt | 0 | 0 | 0 | ||
| San Diego, Ca | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
What changed
consecutive filings, newest first
- Other offices · 1 to 2Jul 19, 2024 to Aug 2, 2024
- Accounts · 463 to 464Nov 8, 2023 to Mar 25, 2024
- Corporate clients · unset to 1.0Nov 8, 2023 to Mar 25, 2024
- HNW clients · 44 to 45Nov 8, 2023 to Mar 25, 2024
- Individual clients · 41 to 42Nov 8, 2023 to Mar 25, 2024
- Pension plan clients · unset to 1.0Nov 8, 2023 to Mar 25, 2024
- Assets in custody · $217M to $181MNov 8, 2023 to Mar 25, 2024
- Discretionary RAUM · $1.3B to $1.3BNov 8, 2023 to Mar 25, 2024
- HNW RAUM · $215M to $222MNov 8, 2023 to Mar 25, 2024
- Individual RAUM · $16.1M to $16.5MNov 8, 2023 to Mar 25, 2024
- Non-discretionary RAUM · $467M to $472MNov 8, 2023 to Mar 25, 2024
- Pension RAUM · $248M to $248MNov 8, 2023 to Mar 25, 2024
- RAUM · $1.7B to $1.7BNov 8, 2023 to Mar 25, 2024
- Related broker-dealer · true to falseNov 8, 2023 to Mar 25, 2024
- Accounts · 438 to 463Sep 6, 2023 to Oct 25, 2023
- Charity clients · 52 to 57Sep 6, 2023 to Oct 25, 2023
- HNW clients · 41 to 44Sep 6, 2023 to Oct 25, 2023
- Individual clients · 40 to 41Sep 6, 2023 to Oct 25, 2023
- Pooled vehicle clients · 0.0 to unsetSep 6, 2023 to Oct 25, 2023
- Discretionary RAUM · $1.2B to $1.3BSep 6, 2023 to Oct 25, 2023
- HNW RAUM · $195M to $215MSep 6, 2023 to Oct 25, 2023
- Individual RAUM · $13.6M to $16.1MSep 6, 2023 to Oct 25, 2023
- Non-discretionary RAUM · $394M to $467MSep 6, 2023 to Oct 25, 2023
- Pension RAUM · $242M to $248MSep 6, 2023 to Oct 25, 2023
- RAUM · $1.6B to $1.7BSep 6, 2023 to Oct 25, 2023
- Other offices · 0 to 1Jun 6, 2023 to Sep 6, 2023
Signals
18 dated events
- S••••••••• L•• no longer on the SEC adviser roster (last listed 2025-01-02, RAUM $1.7B)Feb 3, 2025 · Left the SEC roster · derived
- Z•• E•••••••• M•••• left S••••••••• L•• for I•• A••••••• S•••••••• I••• (registered 2025-01-02)Jan 3, 2025 · Advisor changed firm · fact
- D•• V•• L• left S••••••••• L•• for I•• A••••••• S•••••••• I••• (registered 2025-01-02)Jan 3, 2025 · Advisor changed firm · fact
- P•••• M•••• B•••• left S••••••••• L•• for I•• A••••••• S•••••••• I••• (registered 2025-01-02)Jan 3, 2025 · Advisor changed firm · fact
- J•••• A••• B••••• left S••••••••• L•• for I•• A••••••• S•••••••• I••• (registered 2025-01-02)Jan 3, 2025 · Advisor changed firm · fact
- A•••••••• J••••• D••••••• left S••••••••• L•• for I•• A••••••• S•••••••• I••• (registered 2025-01-02)Jan 3, 2025 · Advisor changed firm · fact
- S••••••••• L••'s advisors moved to I•• A••••••• S•••••••• I••• (Denver, CO): 7 of 9 registered, on the same dayJan 3, 2025 · Firm absorbed (people side) · derived
- B••••••• H••••• V••••••••• left S••••••••• L•• for I•• A••••••• S•••••••• I••• (registered 2025-01-02)Jan 3, 2025 · Advisor changed firm · fact
- A••••• N•••• A••••• left S••••••••• L•• for I•• A••••••• S•••••••• I••• (registered 2025-01-02)Jan 3, 2025 · Advisor changed firm · fact
- A••• S••••••• T••••••• left S••••••••• L•• for I•• A••••••• S•••••••• I••• (registered 2025-01-02)Jan 3, 2025 · Advisor changed firm · fact
- L••••• G•••••••• left S••••••••• L•• for I•• A••••••• S•••••••• I••• (registered 2025-01-02)Jan 3, 2025 · Advisor changed firm · fact
- Lynn Valerie Ruppel (Chief Compliance Officer) appeared on Schedule A of S••••••••• L••Aug 2, 2024 · Control person joined · fact
- E••• P•••• B••••• left S••••••••• L•• for S••••• G••••• I••••••••• L•• (registered 2024-04-02)Mar 21, 2024 · Advisor changed firm · fact
- E••••• D•••• K••••• left S••••••••• L•• for A•••• I•••••• L•• (registered 2025-09-17)Jan 10, 2024 · Advisor changed firm · fact
- S••••••••• I••••••••• C••••••• L•••'s advisors moved to S••••••••• L•• (Denver, CO): 8 of 8 registered, on the same dayDec 31, 2023 · Firm absorbed (people side) · derived
- Howard Benjamin Valore-Caplan (Co-President) appeared on Schedule A of S••••••••• L••Sep 6, 2023 · Control person joined · fact
- Ngina Akasha Absher (Co-President And Chief Compliance Officer) appeared on Schedule A of S••••••••• L••Sep 6, 2023 · Control person joined · fact
- S••••••••• L•• filed its initial SEC registration (Form ADV)May 23, 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.
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