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RIA / WealthRegistered adviserother adviserSEC registeredRAUM 100m 1b

RED SWAN PRIVATE CLIENT

REDSWAN PC, INC, CRD 307278

HOUSTON, TX

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:82d55b8a-8309-0bb5-6aa4-245ca6e694c0

Data as of Mar 4, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 3:58 PM UTC and rebuilt at most every 15 minutes.

Relationships: 8
Dated events: 10
On other graphs: 1
Observed: Feb 6, 2020 to Mar 4, 2026
21 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Real Estate Fundsidentity

RED Swan Private Client

Real estate fund manager · shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: other adviserderivedprivate_client_share=0.0 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=2.0
Regulatory AUM: $165MItem 5.F on the latest filing (2026-03-04); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $0
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 3
RAUM per advisor: $55.1Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 8
Advisory employees: 2
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 7
Individual clients: 0
High net worth clients: 0
SEC number: 801-118188
CRD: 307278
Filings on the tape: 21
First filed: Feb 6, 2020
Latest filed: Mar 4, 2026
Organised: Corporation, DE

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
Martha Lynn Theus	n/a	MISSION VIEJO, CA \| HOUSTON, TX	3	26	n/a	yes
Edward Nwokedi	n/a	HOUSTON, TX	1	21	n/a	no
Adam Doerr	n/a	HOUSTON, TX \| Villa Park, IL	0	12	2	yes

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
RED SWAN REAL ESTATE FUND LLC	Other Private Fund	$304M	May 16, 2023	8	Jul 23, 2020	reported	n/a

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
Chiosa, Cyril	Shareholder	A	yes	04/2018	Feb 6, 2020	Mar 27, 2024
Nwokedi, Edward, Ikem	Ceo	E	yes	02/2017	Feb 6, 2020	Mar 27, 2024
SMULEVITZ, CHARLES, DAVID	CHIEF COMPLIANCE OFFICER	Na	no	04/2023	Apr 18, 2023	Mar 27, 2024
VA INNOVATION HOLDINGS	Shareholder	A	no	10/2016	Feb 6, 2020	Mar 27, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
REDSWAN MARKETS, LLC	n/a	n/a	n/a	Y	yes	n/a

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line; showing 6 of 7

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Private funds	Fund GAV
2025	Mar 4, 2026	$165M	$0	8	2	n/a	n/a
2024	Mar 19, 2025	$2.4B	$0	8	2	n/a	n/a
2023	Mar 27, 2024	$2.5B	$0	2	2	n/a	n/a
2022	Feb 10, 2023	$1.0B	$0	4	1	1	$304M
2021	Mar 7, 2022	$304M	$304M	2	1	1	$304M
2020	Feb 8, 2021	$188M	$188M	4	3	1	$0

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
1	0	1	0.0%	0	0	0	1	0

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$165M	$2.4B	-93.2%	$1.0B	-45.9%	8	8	0	0

Relationships

Registered with (3)

← Adam DoerrAdvisorregistration: current employment
Feb 2, 2026 to presentfactForm ADV
← Edward NwokediAdvisorregistration: current employment
Aug 1, 2025 to presentfactForm ADV
← Martha Lynn TheusAdvisorregistration: current employment
May 19, 2023 to presentfactForm ADV

Advises (1)

→ RED SWAN REAL ESTATE FUND LLCPrivate fundOther Private Fund, IA
Jul 23, 2020 to presentfactForm ADV

Owns (2)

← SMULEVITZ, CHARLES, DAVIDOwnerCHIEF COMPLIANCE OFFICER, ownership code NA, individual
Apr 18, 2023 to Mar 27, 2024factForm ADV
← VA INNOVATION HOLDINGSOwnerSHAREHOLDER, ownership code A, domestic entity
Feb 6, 2020 to Mar 27, 2024factForm ADV

Controls (2)

← Nwokedi, Edward, IkemOwnerCEO, ownership code E, individual
Feb 6, 2020 to Mar 27, 2024factForm ADV
← Chiosa, CyrilOwnerSHAREHOLDER, ownership code A, individual
Feb 6, 2020 to Mar 27, 2024factForm ADV

Dated events

Occurred
Feb 17, 2026
Regulatory AUM changed
Red Swan Private Client reported RAUM $165.3M, down 93% from $2.4B (2025-05-12 to 2026-02-17)
Form ADVobserved 4 days ago
$-2.3B
Occurred
Mar 27, 2024
Regulatory AUM changed
Red Swan Private Client reported RAUM $2.5B, up 141% from $1.0B (2023-05-16 to 2024-03-27)
Form ADVobserved 4 days ago
$1.5B
Occurred
Apr 18, 2023
Control person left
Upendra Sachin Patel (Chief Compliance Officer) no longer on Schedule A of Red Swan Private Client (listed 2023-02-10, absent 2023-04-18)
Form ADVobserved 4 days ago
Occurred
Feb 10, 2023
Regulatory AUM changed
Red Swan Private Client reported RAUM $1.0B, up 243% from $303.7M (2022-04-04 to 2023-02-10)
Form ADVobserved 4 days ago
$739M
Occurred
Apr 4, 2022
Control person left
Everett Gong (Chief Compliance Officer) no longer on Schedule A of Red Swan Private Client (listed 2022-03-28, absent 2022-04-04)
Form ADVobserved 4 days ago
Occurred
Apr 4, 2022
Control person joined
Upendra Sachin Patel (Chief Compliance Officer) appeared on Schedule A of Red Swan Private Client
Form ADVobserved 4 days ago
Occurred
Mar 7, 2022
Regulatory AUM changed
Red Swan Private Client reported RAUM $303.7M, up 61% from $188.2M (2022-01-26 to 2022-03-07)
Form ADVobserved 4 days ago
$115M
Occurred
Dec 20, 2021
Control person joined
Everett Gong (Chief Compliance Officer) appeared on Schedule A of Red Swan Private Client
Form ADVobserved 4 days ago
Occurred
Dec 20, 2021
Control person left
Tin Ho Tsang (Chief Compliance Officer And Vp Of Finance) no longer on Schedule A of Red Swan Private Client (listed 2021-02-08, absent 2021-12-20)
Form ADVobserved 4 days ago
Occurred
Feb 6, 2020
First Form ADV filing
Red Swan Private Client filed its initial SEC registration (Form ADV)
Form ADVobserved 4 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:82d55b8a-8309-0bb5-6aa4-245ca6e694c0
First observed: Feb 6, 2020
Last observed: Mar 4, 2026 6 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

RED SWAN PRIVATE CLIENT

REDSWAN PC, INC, CRD 307278

HOUSTON, TX

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:82d55b8a-8309-0bb5-6aa4-245ca6e694c0

Data as of Mar 4, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 3:58 PM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

Martha Lynn Theus

n/a

MISSION VIEJO, CA | HOUSTON, TX

n/a

yes

Edward Nwokedi

n/a

HOUSTON, TX

n/a

Adam Doerr

n/a

HOUSTON, TX | Villa Park, IL

yes

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

RED SWAN REAL ESTATE FUND LLC

Other Private Fund

$304M

May 16, 2023

Jul 23, 2020

reported

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

Chiosa, Cyril

Shareholder

yes

04/2018

Feb 6, 2020

Mar 27, 2024

Nwokedi, Edward, Ikem

Ceo

yes

02/2017

Feb 6, 2020

Mar 27, 2024

SMULEVITZ, CHARLES, DAVID

CHIEF COMPLIANCE OFFICER

04/2023

Apr 18, 2023

Mar 27, 2024

VA INNOVATION HOLDINGS

Shareholder

10/2016

Feb 6, 2020

Mar 27, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

REDSWAN MARKETS, LLC

n/a

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 4, 2026

$165M

n/a

2024

Mar 19, 2025

$2.4B

n/a

2023

Mar 27, 2024

$2.5B

n/a

2022

Feb 10, 2023

$1.0B

$304M

2021

Mar 7, 2022

$304M

2020

Feb 8, 2021

$188M

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$165M

$2.4B

-93.2%

$1.0B

-45.9%