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.
SEC-registered adviser
Zazove Associates LLC
Latest filing Apr 29, 2026
First filing on the tape Mar 22, 2012 · 22 filings
SEC status approved since Aug 18, 1989
RAUM
$2.0B
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
21
11 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
5
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$2.0B as of Apr 29, 2026
Mar 22, 2012$5.7B then
HNW client RAUM$0 as of Apr 29, 2026
Mar 27, 2018$0 then
State-registered IARs (5.B.3)0 as of Apr 29, 2026
Mar 14, 20130 then
Employees (5.A)21 as of Apr 29, 2026
Mar 14, 201328 then
Private funds5 as of Apr 29, 2026
Mar 22, 20125 then
RAUM -5.1% over the last fiscal year-4.8% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 29, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- 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
- $27.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 77%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
- -5.1%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 individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $183M, 5 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
- 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Insurance companies$1.2B63%
- Pooled investment vehicles$266M14%
- Corporations and businesses$194M9.9%
- State and municipal entities$159M8.1%
- Pension and profit-sharing plans$99.1M5.0%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 4reported
- Charitable clients
- 0reported
- Accounts
- 72reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $183M for 5 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.14 institutional_share=0.77 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
7 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Zazove Hedged Convertible Fund, L.P. | Hedge Fund | $133M | 9 | Mar 17, 2020 |
| Zazove Hedged Convertible Fund, L.P.no longer reported | Hedge Fund | $117M | 22 | Mar 22, 2012 |
| Zazove Investment Grade Blend Convertible Fund, L.P. | Hedge Fund | $49.4M | 3 | Mar 22, 2012 |
| Zazove Aggressive Growth Fund, L.P. | Hedge Fund | $42.9M | 12 | Mar 22, 2012 |
| Zazove Convertible Securities Fund, L.P. | Hedge Fund | $41.7M | 64 | Mar 22, 2023 |
| Zazove Global Convertible Master Fund, L.P. | Hedge Fund | $19.1M | 19 | Mar 22, 2012 |
| Zazove High Yield Convertible Securities Fund, L.P.no longer reported | Hedge Fund | $7.4M | 9 | Mar 22, 2012 |
Owners and control persons
Schedule A and B, latest filing
- Thomas Gene Pretti · Chief Executive Officer; Membercontrolsince 01/1995 · owns less than 5%
- Ryan Robert Shelby · Managing Partner/Membercontrolsince 01/2023 · owns 10% to 25%
- Thomas Gene Pretti · President; Chairmancontrolsince 03/1989 · owns 75% or more of Zazove Associates, Inc.
- Nellis Samuel Ginocchio · Chief Compliance Officersince 01/2023 · owns less than 5%
Entity owners
- Zazove Associates, Inc. · Managing Memberdirect · 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.
What changed
consecutive filings, newest first
- Accounts · 74 to 72Mar 28, 2025 to Mar 31, 2026
- Corporate clients · 5 to 7Mar 28, 2025 to Mar 31, 2026
- Pooled vehicle clients · 6 to 7Mar 28, 2025 to Mar 31, 2026
- Assets in custody · $167M to $183MMar 28, 2025 to Mar 31, 2026
- Employees · 22 to 21Mar 28, 2025 to Mar 31, 2026
- Discretionary RAUM · $2.1B to $2.0BMar 28, 2025 to Mar 31, 2026
- Pension RAUM · $89.4M to $99.1MMar 28, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $233M to $266MMar 28, 2025 to Mar 31, 2026
- RAUM · $2.1B to $2.0BMar 28, 2025 to Mar 31, 2026
- Accounts · 82 to 74Apr 29, 2024 to Mar 28, 2025
- Advisory employees · 12 to 11Apr 29, 2024 to Mar 28, 2025
- Charity clients · 1 to 0Apr 29, 2024 to Mar 28, 2025
- Corporate clients · 7 to 5Apr 29, 2024 to Mar 28, 2025
- Pension plan clients · 5 to 4Apr 29, 2024 to Mar 28, 2025
- Pooled vehicle clients · 5 to 6Apr 29, 2024 to Mar 28, 2025
- Assets in custody · $205M to $167MApr 29, 2024 to Mar 28, 2025
- Employees · 25 to 22Apr 29, 2024 to Mar 28, 2025
- Financial planning clients · unset to Apr 29, 2024 to Mar 28, 2025
- Discretionary RAUM · $2.3B to $2.1BApr 29, 2024 to Mar 28, 2025
- Pension RAUM · $88.0M to $89.4MApr 29, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $262M to $233MApr 29, 2024 to Mar 28, 2025
- RAUM · $2.3B to $2.1BApr 29, 2024 to Mar 28, 2025
- Corporate clients · 5 to 7May 31, 2023 to Mar 26, 2024
- Pension plan clients · 11 to 5May 31, 2023 to Mar 26, 2024
- Assets in custody · $209M to $205MMay 31, 2023 to Mar 26, 2024
- Discretionary RAUM · $2.3B to $2.3BMay 31, 2023 to Mar 26, 2024
- Pension RAUM · $85.4M to $88.0MMay 31, 2023 to Mar 26, 2024
- Pooled vehicle RAUM · $289M to $262MMay 31, 2023 to Mar 26, 2024
- RAUM · $2.3B to $2.3BMay 31, 2023 to Mar 26, 2024
- Advisory activities · 4 to 3Feb 16, 2022 to Mar 22, 2023
- Assets in custody · $249M to $209MFeb 16, 2022 to Mar 22, 2023
- Employees · 24 to 25Feb 16, 2022 to Mar 22, 2023
- HQ city · DEERFIELD to INCLINE VILLAGEFeb 16, 2022 to Mar 22, 2023
- HQ state · IL to NVFeb 16, 2022 to Mar 22, 2023
- Other offices · 1 to 0Feb 16, 2022 to Mar 22, 2023
- Discretionary RAUM · $2.5B to $2.3BFeb 16, 2022 to Mar 22, 2023
- Pension RAUM · $193M to $85.4MFeb 16, 2022 to Mar 22, 2023
- Pooled vehicle RAUM · $249M to $289MFeb 16, 2022 to Mar 22, 2023
- RAUM · $2.5B to $2.3BFeb 16, 2022 to Mar 22, 2023
- Accounts · 76 to 82Jul 20, 2021 to Feb 16, 2022
Signals
6 dated events
- Michael Steven Kleiman (Chief Compliance Officer; Executive Partner; General Counsel) no longer on Schedule A of Zazove Associates Llc (listed 2022-02-16, absent 2023-03-22)Mar 22, 2023 · Control person left · inference
- Bertrand Christopher Cook (Portfolio Manager) no longer on Schedule A of Zazove Associates Llc (listed 2022-02-16, absent 2023-03-22)Mar 22, 2023 · Control person left · inference
- Ryan Robert Shelby (Managing Partner/Member) appeared on Schedule A of Zazove Associates LlcMar 22, 2023 · Control person joined · fact
- David Stephen Bard (Chief Operating Officer) no longer on Schedule A of Zazove Associates Llc (listed 2021-03-12, absent 2021-07-20)Jul 20, 2021 · Control person left · inference
- David Stephen Bard (Chief Operating Officer) appeared on Schedule A of Zazove Associates LlcMar 12, 2019 · Control person joined · fact
- Zazove Associates Llc reported RAUM $2.3B, down 27% from $3.2B (2018-03-27 to 2019-03-12)Mar 12, 2019 · RAUM change · derived
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
- Firm profile
- linkedin.com/company/zazove-associates-llcreportedpublic record, Form ADV, Sep 17, 2026
- Website
- ZAZOVE.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 775.298.7500reportedpublic record, Form ADV, Apr 29, 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
- Institutional managerderiveda 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