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••••••••• I••••••••• A••••••• L••

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 328584SEC 801-129686websiteIAPD
Latest filing Mar 27, 2026
First filing on the tape Feb 14, 2024 · 4 filings
SEC status approved since Mar 15, 2024
RAUM
$788M
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
33
33 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
3
reported on Schedule D
History
4 filings and snapshots on the tape
RAUM$788M as of Mar 27, 2026
Mar 28, 2025$852M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Mar 28, 20250 then
Employees (5.A)33 as of Mar 27, 2026
Mar 28, 202544 then
Private funds3 as of Mar 27, 2026
Mar 28, 20253 then
RAUM -7.6% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM 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
$263MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
-7.6%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 assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
yesreportedItem 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$788M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0derived
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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      3 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • D••••••• A••••• A•• · Chief Financial Officercontrol
        since 01/2024 · owns less than 5%
      • L•••• L•••• D••• · Chief Compliance Officercontrol
        since 11/2023 · owns less than 5%
      • M••••• C••••••• W•••••• · President And Chief Investments Officercontrol
        since 11/2023 · owns less than 5%
      • P••••••• M•••• E••••• · Executive Vice President Capital Formationscontrol
        since 11/2023 · owns less than 5%
      • S••••••••• B••••••• J••• · Chairman And Chief Executive Officercontrol
        since 11/2023 · owns less than 5%
      Entity owners
      • S••••••••• R••••• S•••••••• L••• · Member
        direct · owns 75% or more
      • S••••••••• M••••••••• L•• · General Partner
        indirect · owns F of S••••••••• R••••• S•••••••• L•••
      • S••••••••• M• I••• · General Partner
        indirect · owns F of S••••••••• R••••• S•••••••• L•••
      • S••••••••• P••••••••• L•• · Limited Partner
        indirect · owns 50% to 75% of S••••••••• R••••• S•••••••• L•••
      • F•••• R••••••• T•••• C•••••• O• D••••••• L•• · Trustee
        indirect · owns F of T•• L•••• P• S••••••••• M•••••• T••••
      • T•• L•••• P• S••••••••• M•••••• T•••• · Member
        indirect · owns 25% to 50% of S••••••••• P••••••••• L••
      Related persons
      Schedule D 7.A
      • S••••••••• M•• I•••
        investment companyn
      • S•• I•••••••• F••••••• L••
        bankpooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY13 employees
      What changed
      consecutive filings, newest first
      • Advisory employees · 44 to 33
        Mar 28, 2025 to Mar 27, 2026
      • Assets in custody · $384M to $0
        Mar 28, 2025 to Mar 27, 2026
      • Employees · 44 to 33
        Mar 28, 2025 to Mar 27, 2026
      • Discretionary RAUM · $852M to $788M
        Mar 28, 2025 to Mar 27, 2026
      • Pooled vehicle RAUM · $852M to $788M
        Mar 28, 2025 to Mar 27, 2026
      • RAUM · $852M to $788M
        Mar 28, 2025 to Mar 27, 2026
      • Advisory employees · 45 to 44
        Jul 12, 2024 to Mar 28, 2025
      • Assets in custody · $62.7M to $384M
        Jul 12, 2024 to Mar 28, 2025
      • Employees · 45 to 44
        Jul 12, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Jul 12, 2024 to Mar 28, 2025
      • Discretionary RAUM · $753M to $852M
        Jul 12, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $753M to $852M
        Jul 12, 2024 to Mar 28, 2025
      • RAUM · $753M to $852M
        Jul 12, 2024 to Mar 28, 2025
      • Accounts · unset to 3.0
        Feb 14, 2024 to Jul 12, 2024
      • Advisory employees · 47 to 45
        Feb 14, 2024 to Jul 12, 2024
      • Pooled vehicle clients · unset to 3.0
        Feb 14, 2024 to Jul 12, 2024
      • Assets in custody · unset to 62685584.0
        Feb 14, 2024 to Jul 12, 2024
      • Custody of client assets · false to true
        Feb 14, 2024 to Jul 12, 2024
      • Employees · 47 to 45
        Feb 14, 2024 to Jul 12, 2024
      • Private funds · unset to 3
        Feb 14, 2024 to Jul 12, 2024
      • Discretionary RAUM · unset to 753069521.0
        Feb 14, 2024 to Jul 12, 2024
      • Non-discretionary RAUM · unset to 0.0
        Feb 14, 2024 to Jul 12, 2024
      • Pooled vehicle RAUM · unset to 753069521.0
        Feb 14, 2024 to Jul 12, 2024
      • RAUM · unset to 753069521.0
        Feb 14, 2024 to Jul 12, 2024
      Signals
      1 dated events
      • S••••••••• I••••••••• A••••••• L•• filed its initial SEC registration (Form ADV)
        Feb 14, 2024 · ria f•••• adv filing · 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
      shorenstein.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      415-772-7000reportedpublic record, Form ADV, Mar 27, 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 manager (funds and pooled vehicles)deriveda 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
      Across the graphs

      S••••••••• I••••••••• A••••••• 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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