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••••••• C••••••

Asset manager (funds and pooled vehicles)New York, New YorkCRD 328702SEC 801-129911websiteIAPD
Legal name S••••••• M••••••••• L••
Latest filing May 8, 2026
First filing on the tape Mar 15, 2024 · 4 filings
SEC status approved since Apr 15, 2024
RAUM
$835M
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
22
12 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
4
reported on Schedule D
History
4 filings and snapshots on the tape
RAUM$835M as of May 8, 2026
Apr 28, 2025$483M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of May 8, 2026
Apr 28, 20250 then
Employees (5.A)22 as of May 8, 2026
Apr 28, 202521 then
Private funds4 as of May 8, 2026
Apr 28, 20253 then
RAUM +73% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of May 8, 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
$167MderivedRAUM 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
+73%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 businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$737M, 4 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
  • 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$737M88%
  • Corporations and businesses$97.8M12%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
5reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$737M for 4 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.88 institutional_share=0.0 related_bd=false related_bank=false 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
      2 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • L••• M•••••• · Chief Investment Officercontrol
        since 03/2021 · owns less than 5%
      • L••• M•••••• · Limited Partnercontrol
        since 04/2021 · owns 25% to 50% of S••••••• H••••••• L•
      • R••••••••• B•••••••• D•••• · Limited Partnercontrol
        since 04/2021 · owns 25% to 50% of S••••••• H••••••• L•
      • W•••• S•••••• A••••• · Limited Partnercontrol
        since 04/2021 · owns 25% to 50% of S••••••• H••••••• L•
      • D••••••• D•••••••• M•••• · Chief Compliance Officer
        since 04/2021 · owns less than 5%
      Entity owners
      • S••••••• H••••••• L• · Managing Member
        direct · owns 75% or more
      • S••••••• G• L•• · General Partner
        indirect · owns F of S••••••• H••••••• L•
      Related persons
      Schedule D 7.A
      • S••••••• C•••••• H••••••• L••
        n
      • S••••••• R••••••••• F•••••• F••• G• L••
        pooled vehicle sponsorn
      • S••••••• R••••••••• F•••••• F••• I• G• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Austin, TX2 employees
      ADV anomalies
      2 against comparable advisers; where to look, not conclusions
      • institutional asset share shiftChange between filings · filing Apr 1, 2026
        institutional share of RAUM moved from 30.0% to 12.0% between the annual amendments of 2025-04-28 and 2026-04-01
        peers: asset managers, $500M to $1B (784)
      • RAUM up 50 %Change between filings · filing Apr 1, 2026
        RAUM (Item 5.F) moved from $483,459,134 to $835,075,131 (+73.0%) between the annual amendments of 2025-04-28 and 2026-04-01; the peer median change was +8.0% (672 comparable advisers, 92.0th percentile of changes)
        peers: asset managers, $500M to $1B (672) · 92% percentile
      What changed
      consecutive filings, newest first
      • Advisory employees · 11 to 12
        Apr 28, 2025 to Apr 1, 2026
      • Pooled vehicle clients · 3 to 4
        Apr 28, 2025 to Apr 1, 2026
      • Assets in custody · $338M to $737M
        Apr 28, 2025 to Apr 1, 2026
      • Employees · 21 to 22
        Apr 28, 2025 to Apr 1, 2026
      • Private funds · 3 to 4
        Apr 28, 2025 to Apr 1, 2026
      • Discretionary RAUM · $483M to $835M
        Apr 28, 2025 to Apr 1, 2026
      • Pooled vehicle RAUM · $338M to $737M
        Apr 28, 2025 to Apr 1, 2026
      • RAUM · $483M to $835M
        Apr 28, 2025 to Apr 1, 2026
      • Accounts · 3 to 5
        Mar 15, 2024 to Apr 28, 2025
      • Advisory employees · 5 to 11
        Mar 15, 2024 to Apr 28, 2025
      • Business name · S••••••• M••••••••• L•• to S••••••• C••••••
        Mar 15, 2024 to Apr 28, 2025
      • Pooled vehicle clients · 2 to 3
        Mar 15, 2024 to Apr 28, 2025
      • Assets in custody · $134M to $338M
        Mar 15, 2024 to Apr 28, 2025
      • Employees · 10 to 21
        Mar 15, 2024 to Apr 28, 2025
      • Financial planning clients · unset to
        Mar 15, 2024 to Apr 28, 2025
      • Private funds · 2 to 3
        Mar 15, 2024 to Apr 28, 2025
      • Discretionary RAUM · $300M to $483M
        Mar 15, 2024 to Apr 28, 2025
      • Pooled vehicle RAUM · $134M to $338M
        Mar 15, 2024 to Apr 28, 2025
      • RAUM · $300M to $483M
        Mar 15, 2024 to Apr 28, 2025
      Signals
      3 dated events
      • S••••••• C•••••• reported RAUM $835.1M, up 73% from $483.5M (2025-04-28 to 2026-04-01)
        Apr 1, 2026 · RAUM change · derived
      • S••••••• C•••••• reported RAUM $483.5M, up 61% from $299.9M (2024-03-15 to 2025-04-28)
        Apr 28, 2025 · RAUM change · derived
      • S••••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Mar 15, 2024 · 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
      Website
      s•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      512-240-2478reportedpublic record, Form ADV, May 8, 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••••••• C•••••• 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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