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
L••••••• I••••••••• P•••••••• L•••
Latest filing Mar 31, 2026
First filing on the tape Jan 17, 2024 · 6 filings
SEC status approved since Feb 16, 2024
RAUM
$125M
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
5
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
6 filings and snapshots on the tape
RAUM$125M as of Mar 31, 2026
Mar 31, 2025$511M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 31, 20250 then
Employees (5.A)5 as of Mar 31, 2026
Mar 31, 20255 then
Private funds1 as of Mar 31, 2026
Mar 31, 20251 then
RAUM -76% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 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
- $62.4MderivedRAUM 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
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -76%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
- 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$30.4M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 2reported
- 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=0.24 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
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- F••••••• S•••••• L•••• · Managing Partnercontrolsince 08/2023 · owns less than 5%
- O••••• M•••• J••••• · Chief Operating Officer, Chief Financial Officer, Chief Compliance Officercontrolsince 12/2023 · owns less than 5%
- F••••••• S•••••• L•••• · Managing Membercontrolsince 08/2023 · owns 75% or more of L••••••• I••••••••• P••••••• L••
Entity owners
- L••••••• I••••••••• P••••••• L•• · General Partnerdirect · owns less than 5%
- S••••• F•••••• R•••••••• T•••• · Limited Partnerdirect · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- custody status changedChange between filings · filing Mar 31, 2026custody of client assets (Item 9.A): yes on the filing of 2025-03-31, no on the filing of 2026-03-31peers: other advisers, $100M to $500M (212)
- RAUM down 50 %Change between filings · filing Mar 31, 2026RAUM (Item 5.F) moved from $511,026,764 to $124,854,836 (-76.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +8.0% (161 comparable advisers, 2.0th percentile of changes)peers: other advisers, $100M to $500M (161) · 1.9% percentile
Data quality: the 2026-06-30 holdings report shows $399,287,327 across 54 positions while Form ADV reports RAUM of $124,854,836 (3.2x); one of the two is misfiled, misattributed or in the wrong unit
What changed
consecutive filings, newest first
- Accounts · 3 to 2Mar 31, 2025 to Mar 31, 2026
- Assets in custody · 39751941.0 to unsetMar 31, 2025 to Mar 31, 2026
- Custody of client assets · true to falseMar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $511M to $125MMar 31, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $39.8M to $30.4MMar 31, 2025 to Mar 31, 2026
- RAUM · $511M to $125MMar 31, 2025 to Mar 31, 2026
- RAUM · $916M to $511MOct 2, 2024 to Mar 31, 2025
- Accounts · 1 to 3Oct 2, 2024 to Mar 31, 2025
- Assets in custody · unset to 39751941.0Oct 2, 2024 to Mar 31, 2025
- Custody of client assets · false to trueOct 2, 2024 to Mar 31, 2025
- Financial planning clients · unset to Oct 2, 2024 to Mar 31, 2025
- Private funds · unset to 1Oct 2, 2024 to Mar 31, 2025
- Discretionary RAUM · $916M to $511MOct 2, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $916M to $39.8MOct 2, 2024 to Mar 31, 2025
- Discretionary RAUM · $873M to $916MJun 27, 2024 to Oct 2, 2024
- Pooled vehicle RAUM · $873M to $916MJun 27, 2024 to Oct 2, 2024
- RAUM · $873M to $916MJun 27, 2024 to Oct 2, 2024
- Accounts · unset to 1.0Jan 17, 2024 to Jun 14, 2024
- Pooled vehicle clients · unset to 1.0Jan 17, 2024 to Jun 14, 2024
- Discretionary RAUM · unset to 872980555.0Jan 17, 2024 to Jun 14, 2024
- Non-discretionary RAUM · unset to 0.0Jan 17, 2024 to Jun 14, 2024
- Pooled vehicle RAUM · unset to 872980555.0Jan 17, 2024 to Jun 14, 2024
- RAUM · unset to 872980555.0Jan 17, 2024 to Jun 14, 2024
Signals
3 dated events
- L••••••• I••••••••• P•••••••• L••• reported RAUM $124.9M, down 76% from $511.0M (2025-03-31 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- L••••••• I••••••••• P•••••••• L••• reported RAUM $511.0M, down 44% from $916.4M (2024-10-02 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- L••••••• I••••••••• P•••••••• L••• filed its initial SEC registration (Form ADV)Jan 17, 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
- Principal office phone
- 561-210-3331reportedpublic record, Form ADV, Mar 31, 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
- Other 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