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.
Former SEC-registered adviser
Crown Capital Securities, L.P.
Latest filing Mar 31, 2023
First filing on the tape Dec 7, 2011 · 34 filings
RAUM
$1.2B
reported, Item 5.F
Discretionary
12%
of RAUM
Private clients
92%
$1.1B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
164
164 advisory (5.B.1)
Offices
93
beyond the principal office
Private funds
0
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$1.2B as of Mar 31, 2023
Mar 28, 2012$416M then
HNW client RAUM$340M as of Mar 31, 2023
Mar 30, 2018$253M then
State-registered IARs (5.B.3)151 as of Mar 31, 2023
Mar 28, 20120 then
Employees (5.A)164 as of Mar 31, 2023
Mar 28, 201325 then
Private funds: no history
RAUM -11% over the last fiscal year+10% a year over threeIARs 161 to 151offices 102 to 93
Practice profile
derived from the filing of Mar 31, 2023; every figure names its basis
- RAUM per advisor
- $8.1MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 36derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.9MderivedHNW RAUM over HNW clients
- Average account
- $216,326derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 12%derivedof RAUM
- Institutional
- 5.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.1derivedItem 5.A over advisors
- Advisors per office
- 1.6derived94 offices incl. principal (1.F.5)
- RAUM growth, one year
- -11%derivedbetween the last two annual amendments
- Advisor growth, one year
- -6.2%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.1%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
- Wrap fee program
- $90.0MreportedItem 5.I
- Custody
- $319M, 961 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
- is a broker-dealer (6.A.1)
- is an insurance broker or agent (6.A.6)
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$791M65%
- High-net-worth individuals$340M28%
- Pension and profit-sharing plans$56.4M4.6%
- Corporations and businesses$17.9M1.5%
- Banks and thrifts$9.1M0.7%
- Charitable organizations$9.1M0.7%
- Individual clients
- 5,320reported
- HNW clients
- 182reported
- Pension plan clients
- 87reported
- Charitable clients
- 27reported
- Accounts
- 5,654reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $319M for 961 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- 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
- Frederick Deneen Sanchez to LPL Financial LLCJul 26, 2024 · Affiliated broker-dealer or bank to another
- Larry Joseph Michaels to Legacy Advisory Group, IncMay 8, 2024 · Affiliated broker-dealer or bank to a state-registered adviser
- Brett Jerome Saddler to The Ameriflex GroupMay 7, 2024 · Affiliated broker-dealer or bank to another
- Steven Vincent Anderson to B.B. Graham & Company, Inc.May 7, 2024 · Affiliated broker-dealer or bank to independent RIA
- John Bertrand Manley to Cws InvestmentsMay 7, 2024 · Affiliated broker-dealer or bank to a state-registered adviser
- James Martin Benjamson to Ip Financial Advisory Services LLCMay 6, 2024 · Affiliated broker-dealer or bank to another
- David Bruce Mcmillen to Money Concepts Advisory ServiceMay 6, 2024 · Affiliated broker-dealer or bank to another
- Scott Ryan Babbitt to International Assets Investment Management, LLCMay 1, 2024 · Affiliated broker-dealer or bank to another
- Robert Raymond Mcisaac to Chicago Capital Management Advisors, LLCMay 1, 2024 · Other
- Leonard Charles Smith to Legacy Investment Strategies, LLCMay 1, 2024 · Affiliated broker-dealer or bank to a state-registered adviser
- Frederick Mark Atiyeh to Legacy Investment Strategies, LLCApr 30, 2024 · Affiliated broker-dealer or bank to a state-registered adviser
- Keith Ryan Gunther to Legacy Investment Strategies, LLCApr 30, 2024 · Affiliated broker-dealer or bank to a state-registered adviser
- Edward Lee Lazaro to Private Advisor Group, LLCApr 30, 2024 · Affiliated broker-dealer or bank to another
- David Matthew Collins to Legacy Investment Strategies, LLCApr 30, 2024 · Affiliated broker-dealer or bank to a state-registered adviser
- Quentin Lee Lazaro to Private Advisor Group, LLCApr 30, 2024 · Affiliated broker-dealer or bank to another
Joined, latest
- James Patrick Jenkins from Strategic Advocates, LLCJan 5, 2023 · RIA to affiliated broker-dealer or bank
- John Reed Mickelson from Strategic Advocates, LLCJan 3, 2023 · RIA to affiliated broker-dealer or bank
- Evan Hideo Hayashi from Foresters Advisory Services, LLCJul 8, 2022 · Other
- Emily Ida Rivenes from Commonwealth Financial NetworkNov 5, 2021 · Affiliated broker-dealer or bank to another
- Jeffrey S Ballek from Bmo Harris Financial Advisors, IncJul 14, 2020 · Affiliated broker-dealer or bank to another
- Patrick Heewoong Kim from W&S Brokerage Services, Inc.Jun 17, 2020 · Affiliated broker-dealer or bank to another
- James Thomas Riner from Centaurus Financial, Inc.Jun 12, 2020 · Affiliated broker-dealer or bank to another
- Scott Ryan Babbitt from Trilogy Capital, Inc.Jan 28, 2020 · RIA to RIA
- Joel Sheldon from Osaic Fa, Inc.Jan 28, 2020 · Affiliated broker-dealer or bank to independent RIA
- Wendy Ellen Fleischmann from United Planners' Financial Services Of America A Limited PartnerJan 2, 2020 · RIA to RIA
- Dhillon Thomas Taylor from Waddell & ReedDec 2, 2019 · Affiliated broker-dealer or bank to independent RIA
- Eric Kurt Hite from Valmark Advisers, Inc.Nov 19, 2019 · RIA to RIA
- William Donald Ramires from Cadaret Grant & Co IncOct 1, 2019 · Affiliated broker-dealer or bank to independent RIA
- James Ronald King from Questar Asset Management, Inc.Jul 23, 2019 · Affiliated broker-dealer or bank to independent RIA
- Michelle Lee Wagner from Locust Street Securities, Inc.May 1, 2019 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 5 left for LPL Financial LLCApr 17, 2024 · Orange, Ca
- 4 left for Legacy Investment Strategies, LLCApr 16, 2024 · La Palma, Ca
- 4 left for Private Advisor Group, LLCApr 16, 2024 · San Francisco, Ca
- 2 left for Stone Hatcher FinancialMar 25, 2024 · Orange, Ca
- 2 left for Wealth Enhancement Advisory Services, LLCMar 12, 2024 · Logan, Ut
- 3 left for Independent Financial Group, LLCFeb 9, 2024 · Cayucos, Ca
- 2 left for The Ameriflex GroupJan 24, 2024 · Las Vegas, Nv
- 2 left for Cambridge Investment Research Advisors, Inc.Dec 31, 2023 · Aurora, Co
- 2 joined from Strategic Advocates, LLCJan 2, 2026 · Sacramento, Ca
- 2 joined from Foresters Equity Services, Inc.Sep 10, 2018 · Valencia, Ca
- 4 joined from Quest Securities, Inc.Feb 3, 2017 · San Francisco, Ca · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Darol Kenneth Paulsen · Ceo/Dir./Treasurer/Sropcontrolsince 06/1999 · owns less than 5%
- Darol Kenneth Paulsen · Managing Membercontrolsince 02/1999 · owns 50% to 75% of Delta Capital Holdings, LLC
- Don Michael Edwards · Cfo/Finop/Controllersince 09/2003 · owns less than 5%
- Jonathan Lee French · President/ Municipal Principal/Crop/Cmo/Cco/Coo/Inv. Adv.Serv.since 09/2003 · owns less than 5%
- Phyllis Jean Paulsen · Sr. Vp/Dir/Cao Dir./Lic & Reg/Secsince 06/1999 · owns less than 5%
Entity owners
- Delta Capital Holdings, LLC · General Partnerdirect · owns 50% to 75%
- Delta Broker Holding, LLC · Limited Partnerdirect · owns 25% to 50%
Related persons
Schedule D 7.A
- Crown Capital Securities, L.P.broker-dealerinvestment adviserinsuranceinvestment companyLP sponsorreal estateyRAUM $1.2B
Advisers that list Crown Capital Securities, L.P. as a related person
- 6312 y
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Alameda, Ca | 0 | 0 | 0 | ||
| Amarillo, Tx | 0 | 0 | 0 | ||
| Anchorage, Ak | 0 | 0 | 0 | ||
| Arcadia, Ca | 0 | 0 | 0 | ||
| Arlington Heights, Il | 0 | 0 | 0 | ||
| Aurora, Co | 0 | 0 | 0 | ||
| Boulder, Co | 0 | 0 | 0 | ||
| Cayucos, Ca | 0 | 0 | 0 | ||
| Charlotte, Nc | 0 | 0 | 0 | ||
| Chesterfield, Mo | 0 | 0 | 0 | ||
| Cincinnati, Oh | 0 | 0 | 0 | ||
| Colorado Springs, Co | 0 | 0 | 0 | ||
| Corona, Ca | 0 | 0 | 0 | ||
| Elk Grove, Ca | 0 | 0 | 0 | ||
| Erie, Pa | 0 | 0 | 0 | ||
| Falmouth, Ma | 0 | 0 | 0 | ||
| Fountain Valley, Ca | 0 | 0 | 0 | ||
| Glastonbury, Ct | 0 | 0 | 0 | ||
| Henderson, Nv | 0 | 0 | 0 | ||
| Indian Rocks, Fl | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Cincinnati, OH6 employees
- Charlotte, NC5 employees
- Placentia, CA4 employees
- Portland, OR4 employees
- Orange, CA4 employees
- Cayucos, CA3 employees
- Las Vegas, NV3 employees
- Amarillo, TX3 employees
- Chesterfield, MO3 employees
- Honolulu, HI3 employees
- Santa Ana, CA3 employees
- Lancaster, CA3 employees
- San Diego, CA3 employees
- Ann Arbor, MI2 employees
- Maple Grove, MN2 employees
- , 2 employees
- Livonia, MI2 employees
- Nevada City, CA2 employees
- Erie, PA2 employees
- Lincoln, NE2 employees
- Valencia, CA2 employees
- Tarzana, CA2 employees
- Aurora, CO2 employees
- San Francisco, CA2 employees
- , 1 employees
What changed
consecutive filings, newest first
- Accounts · 5,649 to 5,654Aug 12, 2022 to Mar 31, 2023
- Advisory employees · 170 to 164Aug 12, 2022 to Mar 31, 2023
- BD registered reps · 169 to 162Aug 12, 2022 to Mar 31, 2023
- Charity clients · 26 to 27Aug 12, 2022 to Mar 31, 2023
- Corporate clients · 25 to 27Aug 12, 2022 to Mar 31, 2023
- HNW clients · 284 to 182Aug 12, 2022 to Mar 31, 2023
- Individual clients · 5,214 to 5,320Aug 12, 2022 to Mar 31, 2023
- Pension plan clients · 98 to 87Aug 12, 2022 to Mar 31, 2023
- Employees · 170 to 164Aug 12, 2022 to Mar 31, 2023
- Insurance-licensed employees · 11 to 12Aug 12, 2022 to Mar 31, 2023
- State-registered IARs · 161 to 151Aug 12, 2022 to Mar 31, 2023
- Other offices · 102 to 93Aug 12, 2022 to Mar 31, 2023
- Discretionary RAUM · $212M to $145MAug 12, 2022 to Mar 31, 2023
- HNW RAUM · $452M to $340MAug 12, 2022 to Mar 31, 2023
- Individual RAUM · $823M to $791MAug 12, 2022 to Mar 31, 2023
- Non-discretionary RAUM · $1.2B to $1.1BAug 12, 2022 to Mar 31, 2023
- Pension RAUM · $59.9M to $56.4MAug 12, 2022 to Mar 31, 2023
- RAUM · $1.4B to $1.2BAug 12, 2022 to Mar 31, 2023
- Accounts · 5,614 to 5,649Jan 25, 2022 to Mar 31, 2022
- Advisory employees · 182 to 170Jan 25, 2022 to Mar 31, 2022
- Advisory activities · 2 to 3Jan 25, 2022 to Mar 31, 2022
- BD registered reps · 181 to 169Jan 25, 2022 to Mar 31, 2022
- Charity clients · 7 to 26Jan 25, 2022 to Mar 31, 2022
- Corporate clients · 26 to 25Jan 25, 2022 to Mar 31, 2022
- HNW clients · 384 to 284Jan 25, 2022 to Mar 31, 2022
- Individual clients · 3,331 to 5,214Jan 25, 2022 to Mar 31, 2022
- Pension plan clients · 39 to 98Jan 25, 2022 to Mar 31, 2022
- Commission compensation · true to falseJan 25, 2022 to Mar 31, 2022
- Assets in custody · $257M to $319MJan 25, 2022 to Mar 31, 2022
- Employees · 182 to 170Jan 25, 2022 to Mar 31, 2022
- Insurance-licensed employees · 14 to 11Jan 25, 2022 to Mar 31, 2022
- State-registered IARs · 172 to 161Jan 25, 2022 to Mar 31, 2022
- Other offices · 114 to 102Jan 25, 2022 to Mar 31, 2022
- Discretionary RAUM · $93.7M to $212MJan 25, 2022 to Mar 31, 2022
- HNW RAUM · $628M to $452MJan 25, 2022 to Mar 31, 2022
- Individual RAUM · $487M to $823MJan 25, 2022 to Mar 31, 2022
- Non-discretionary RAUM · $1.1B to $1.2BJan 25, 2022 to Mar 31, 2022
- Pension RAUM · $40.7M to $59.9MJan 25, 2022 to Mar 31, 2022
- RAUM · $1.2B to $1.4BJan 25, 2022 to Mar 31, 2022
- Accounts · 3,784 to 5,614Feb 18, 2021 to Mar 31, 2021
Signals
60 dated events
- 2 advisors left Strategic Advocates, LLC (Sacramento, CA) for Crown Capital Securities, L.P. on the same dayJan 2, 2026 · Team lift-out · derived
- Frederick Deneen Sanchez left Crown Capital Securities, L.P. for Lpl Financial Llc (registered 2024-08-14)Jul 26, 2024 · Advisor changed firm · fact
- Larry Joseph Michaels left Crown Capital Securities, L.P. for Legacy Advisory Group, Inc (registered 2023-12-08)May 8, 2024 · Advisor changed firm · fact
- Brett Jerome Saddler left Crown Capital Securities, L.P. for The Ameriflex Group (registered 2024-06-28)May 7, 2024 · Advisor changed firm · fact
- Steven Vincent Anderson left Crown Capital Securities, L.P. for B.B. Graham & Company, Inc. (registered 2024-05-23)May 7, 2024 · Advisor changed firm · fact
- John Bertrand Manley left Crown Capital Securities, L.P. for Cws Investments (registered 2024-05-28)May 7, 2024 · Advisor changed firm · fact
- David Bruce Mcmillen left Crown Capital Securities, L.P. for Money Concepts Advisory Service (registered 2024-05-10)May 6, 2024 · Advisor changed firm · fact
- James Martin Benjamson left Crown Capital Securities, L.P. for Ip Financial Advisory Services Llc (registered 2024-05-18)May 6, 2024 · Advisor changed firm · fact
- Scott Ryan Babbitt left Crown Capital Securities, L.P. for International Assets Investment Management, Llc (registered 2024-04-24)May 1, 2024 · Advisor changed firm · fact
- Leonard Charles Smith left Crown Capital Securities, L.P. for Legacy Investment Strategies, Llc (registered 2024-05-28)May 1, 2024 · Advisor changed firm · fact
- Robert Raymond Mcisaac left Crown Capital Securities, L.P. for Chicago Capital Management Advisors, Llc (registered 2024-05-01)May 1, 2024 · Advisor changed firm · fact
- David Matthew Collins left Crown Capital Securities, L.P. for Legacy Investment Strategies, Llc (registered 2024-04-03)Apr 30, 2024 · Advisor changed firm · fact
- Frederick Mark Atiyeh left Crown Capital Securities, L.P. for Legacy Investment Strategies, Llc (registered 2024-05-23)Apr 30, 2024 · Advisor changed firm · fact
- Quentin Lee Lazaro left Crown Capital Securities, L.P. for Private Advisor Group, Llc (registered 2024-05-02)Apr 30, 2024 · Advisor changed firm · fact
- Keith Ryan Gunther left Crown Capital Securities, L.P. for Legacy Investment Strategies, Llc (registered 2024-05-28)Apr 30, 2024 · Advisor changed firm · fact
- Edward Lee Lazaro left Crown Capital Securities, L.P. for Private Advisor Group, Llc (registered 2024-05-02)Apr 30, 2024 · Advisor changed firm · fact
- Irini Ioanna Housiadas left Crown Capital Securities, L.P. for Lpl Financial Llc (registered 2024-04-17)Apr 17, 2024 · Advisor changed firm · fact
- 5 advisors left Crown Capital Securities, L.P. (Orange, CA) for LPL Financial LLC on the same dayApr 17, 2024 · Team lift-out · derived
- Trevor David Glenn left Crown Capital Securities, L.P. for Lpl Financial Llc (registered 2024-04-17)Apr 17, 2024 · Advisor changed firm · fact
- Jeffrey Dean Barlow left Crown Capital Securities, L.P. for Lpl Financial Llc (registered 2024-04-17)Apr 17, 2024 · Advisor changed firm · fact
- Thomas Alan Ren left Crown Capital Securities, L.P. for Lpl Financial Llc (registered 2024-04-17)Apr 17, 2024 · Advisor changed firm · fact
- Terrence Hugh Gee left Crown Capital Securities, L.P. for Private Advisor Group, Llc (registered 2024-07-18)Apr 17, 2024 · Advisor changed firm · fact
- Krishna Venkatesh Agnihotri left Crown Capital Securities, L.P. for Lpl Financial Llc (registered 2024-04-17)Apr 17, 2024 · Advisor changed firm · fact
- Emily Ida Rivenes left Crown Capital Securities, L.P. for Lpl Financial Llc (registered 2024-04-17)Apr 17, 2024 · Advisor changed firm · fact
- Franklin Llewellyn Naylor left Crown Capital Securities, L.P. for Lpl Financial Llc (registered 2024-04-17)Apr 17, 2024 · Advisor changed firm · fact
- Luke Cletus Iverson left Crown Capital Securities, L.P. for Lpl Financial Llc (registered 2024-04-17)Apr 17, 2024 · Advisor changed firm · fact
- Michael Romanchak no longer registered at Crown Capital Securities, L.P.; no later IA registration on IAPDApr 16, 2024 · Advisor departure · fact
- Laura Kuo Carmany left Crown Capital Securities, L.P. for Private Advisor Group, Llc (registered 2024-04-18)Apr 16, 2024 · Advisor changed firm · fact
- 4 advisors left Crown Capital Securities, L.P. (San Francisco, CA) for Private Advisor Group, LLC within 14 daysApr 16, 2024 · Team lift-out · derived
- Derek Robert Thomsen left Crown Capital Securities, L.P. for Legacy Investment Strategies, Llc (registered 2024-05-28)Apr 16, 2024 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
- Crown Capital Securities, L.P. · Private Equityshared crd · intermediary
- Crown Capital Securities LP · Venture Capitalshared crd · org
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