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

P••• C•••••• M••••••••• C••••••• L••

Other adviserPhiladelphia, PennsylvaniaCRD 105081SEC 801-31452websiteIAPD
Latest filing Mar 27, 2026
First filing on the tape Mar 29, 2012 · 30 filings
SEC status approved since Feb 12, 1988
RAUM
$1.9B
reported, Item 5.F
Discretionary
75%
of RAUM
Private clients
1.6%
$30.5M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$1.9B
derived; firm RAUM over IAPD count
Employees
16
12 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$1.9B as of Mar 27, 2026
Mar 29, 2012$5.9B then
HNW client RAUM$0 as of Mar 27, 2026
Mar 30, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Mar 27, 20130 then
Employees (5.A)16 as of Mar 27, 2026
Mar 27, 201359 then
Private funds1 as of Mar 31, 2022
Mar 29, 201214 then
RAUM +21% over the last fiscal year+3.1% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
Archetypes, each a printed rule
RAUM per advisor
$1.9BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
60derivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$3.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
75%derivedof RAUM
Institutional
63%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
16.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+21%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
+1.7%derived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$994M68%
  • Charitable organizations$121M8.3%
  • Investment companies$96.8M6.6%
  • Pooled investment vehicles$89.3M6.1%
  • Pension and profit-sharing plans$87.6M6.0%
  • Individuals$30.5M2.1%
  • Insurance companies$26.7M1.8%
  • Corporations and businesses$16.2M1.1%
Individual clients
60reported
HNW clients
0reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
602reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $24.0M managedreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.02 fund_share=0.1 institutional_share=0.63 related_bd=true related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
R•••••• A••• H•••••Cherry Hill, NjFeb 23, 199338 y0
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      17 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      P••• C•••••• D•••••••• H••• Y•••• F•••• L•••no longer reportedOther Private Fund$249M33Mar 29, 2012
      P••• C••• O••••••••• H••• Y•••• B••• F••• L•no longer reportedOther Private Fund$92.9M79Mar 29, 2012
      P••• S•••• D••••••• H••• Y•••• F•••• L•••no longer reportedOther Private Fund$33.8M12Mar 29, 2012
      P••• S•••• T• M•• C•• E••••• F••• L•no longer reportedOther Private Fund$14.8M34Mar 29, 2012
      P••• I••••••••• L••• C••••• M••••• F•••• L•••no longer reportedOther Private Fund$12.8M2Mar 31, 2014
      P••• S•••• C••••••••• F••• L•no longer reportedOther Private Fund$12.3M37Mar 29, 2012
      C•••••• S•••••••• O••••••••• F••• O••••••• L••no longer reportedHedge Fund$9.4M9Mar 29, 2012
      P••• C•••••• S•••••••• T•••• R••••• F•••• L•••no longer reportedHedge Fund$6.7M57Mar 29, 2012
      P••• C•••••• P•••••• E••••• F••• L•no longer reportedHedge Fund$6.2M29Mar 29, 2012
      P••• C••• H••• Y•••• B••• F••• L•no longer reportedOther Private Fund$4.4M23Mar 29, 2012
      P••• C•••••• M••••••••• S••••••• I••••• F•••• L•••no longer reportedOther Private Fund$4.0M1Mar 30, 2015
      P••• M•• C•• E••••• F••• L•no longer reportedOther Private Fund$3.2M17Mar 29, 2012
      P••• C••••••••• F••• L•no longer reportedOther Private Fund$2.7M19Mar 29, 2012
      P••• F•••••••• S••••••• F••• L•no longer reportedOther Private Fund$2.4M14Mar 29, 2012
      P••• D••••••••• M•••• C•• E••••• F••• L•no longer reportedOther Private Fund$2.0M15Mar 29, 2012
      P••• D••••••••• F••• L•no longer reportedHedge Fund$1.6M14Mar 29, 2012
      P••• C•••••• E••••• C••••• O••••••••• F••• L•no longer reportedHedge Fund$00Mar 30, 2015
      Owners and control persons
      Schedule A and B, latest filing
      • G••••• E•••• J•• · Chief Investment Officer - Senior Portfolio Managercontrol
        since 12/2019 · owns 10% to 25%
      • L•••••••• P•••••• M•••• · Presidentcontrol
        since 07/2024 · owns less than 5%
      • M••••••• J•••••• C• · Director Of R•••••••, Senior Portfolio Managercontrol
        since 12/2019 · owns 5% to 10%
      • M••••••• M••••••• J•••••••• · Membercontrol
        since 07/2024 · owns F of S•••••• G••••• H••••••• L••
      • M••••• M••••••• J••• · Membercontrol
        since 07/2024 · owns F of S•••••• G••••• H••••••• L••
      • S••••• S••••••• C••••••• · Membercontrol
        since 07/2024 · owns F of S•••••• G••••• H••••••• L••
      • K••••• M•••••• P• · Chief Compliance Officer
        since 03/2024 · owns less than 5%
      Entity owners
      • S••• A••••••• L•• · Member
        direct · owns 50% to 75%
      • S•••••• G••••• H••••••• L•• · Owner
        indirect · owns 50% to 75% of S••• A••••••• L••
      Related persons
      Schedule D 7.A
      Advisers that list P••• C•••••• M••••••••• C••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 724 to 602
        May 13, 2025 to Mar 27, 2026
      • Charity clients · 5.0 to unset
        May 13, 2025 to Mar 27, 2026
      • Corporate clients · 3.0 to unset
        May 13, 2025 to Mar 27, 2026
      • Individual clients · 59 to 60
        May 13, 2025 to Mar 27, 2026
      • Pension plan clients · 2.0 to unset
        May 13, 2025 to Mar 27, 2026
      • Pooled vehicle clients · 3 to 2
        May 13, 2025 to Mar 27, 2026
      • Employees · 15 to 16
        May 13, 2025 to Mar 27, 2026
      • Discretionary RAUM · $1.3B to $1.5B
        May 13, 2025 to Mar 27, 2026
      • Individual RAUM · $25.6M to $30.5M
        May 13, 2025 to Mar 27, 2026
      • Non-discretionary RAUM · $318M to $477M
        May 13, 2025 to Mar 27, 2026
      • Pension RAUM · $83.1M to $87.6M
        May 13, 2025 to Mar 27, 2026
      • Pooled vehicle RAUM · $71.5M to $89.3M
        May 13, 2025 to Mar 27, 2026
      • RAUM · $1.6B to $1.9B
        May 13, 2025 to Mar 27, 2026
      • Wrap assets (manager) · $20.8M to $24.0M
        May 13, 2025 to Mar 27, 2026
      • Financial planning clients · unset to
        Mar 24, 2025 to May 13, 2025
      • Accounts · 934 to 724
        Aug 13, 2024 to Mar 24, 2025
      • Advisory employees · 13 to 12
        Aug 13, 2024 to Mar 24, 2025
      • Charity clients · 4 to 5
        Aug 13, 2024 to Mar 24, 2025
      • Individual clients · 182 to 59
        Aug 13, 2024 to Mar 24, 2025
      • Pension plan clients · 6 to 2
        Aug 13, 2024 to Mar 24, 2025
      • Employees · 19 to 15
        Aug 13, 2024 to Mar 24, 2025
      • Discretionary RAUM · $1.4B to $1.3B
        Aug 13, 2024 to Mar 24, 2025
      • Individual RAUM · $107M to $25.6M
        Aug 13, 2024 to Mar 24, 2025
      • Non-discretionary RAUM · $262M to $318M
        Aug 13, 2024 to Mar 24, 2025
      • Pension RAUM · $92.5M to $83.1M
        Aug 13, 2024 to Mar 24, 2025
      • Pooled vehicle RAUM · $65.2M to $71.5M
        Aug 13, 2024 to Mar 24, 2025
      • RAUM · $1.7B to $1.6B
        Aug 13, 2024 to Mar 24, 2025
      • Wrap assets (manager) · $64.6M to $20.8M
        Aug 13, 2024 to Mar 24, 2025
      • Related adviser · false to true
        Apr 23, 2024 to Aug 3, 2024
      • Related broker-dealer · false to true
        Apr 23, 2024 to Aug 3, 2024
      • Related adviser · true to false
        Mar 27, 2024 to Apr 23, 2024
      • Accounts · 986 to 934
        Jan 29, 2024 to Mar 27, 2024
      • Advisory employees · 15 to 13
        Jan 29, 2024 to Mar 27, 2024
      • Charity clients · 7 to 4
        Jan 29, 2024 to Mar 27, 2024
      • Corporate clients · 7 to 3
        Jan 29, 2024 to Mar 27, 2024
      • Individual clients · 181 to 182
        Jan 29, 2024 to Mar 27, 2024
      • Pension plan clients · 8 to 6
        Jan 29, 2024 to Mar 27, 2024
      • Employees · 23 to 19
        Jan 29, 2024 to Mar 27, 2024
      • Other offices · 1 to 0
        Jan 29, 2024 to Mar 27, 2024
      • Discretionary RAUM · $1.6B to $1.4B
        Jan 29, 2024 to Mar 27, 2024
      Signals
      24 dated events
      • Corcoran Stephen Smith (Member) appeared on Schedule A of P••• C•••••• M••••••••• C••••••• L••
        Aug 3, 2024 · Control person joined · fact
      • Jon Eric Green (Chief Investment Officer - Senior Portfolio Manager) appeared on Schedule A of P••• C•••••• M••••••••• C••••••• L••
        Aug 3, 2024 · Control person joined · fact
      • J••••• M•••••• (Director Of Research, Senior Portfolio Manager) appeared on Schedule A of P••• C•••••• M••••••••• C••••••• L••
        Aug 3, 2024 · Control person joined · fact
      • Marie Pamela Lawrence (President) appeared on Schedule A of P••• C•••••• M••••••••• C••••••• L••
        Aug 3, 2024 · Control person joined · fact
      • Jefferson Michael Meagher (Member) appeared on Schedule A of P••• C•••••• M••••••••• C••••••• L••
        Aug 3, 2024 · Control person joined · fact
      • John Michael Meyer (Member) appeared on Schedule A of P••• C•••••• M••••••••• C••••••• L••
        Aug 3, 2024 · Control person joined · fact
      • A Kirsten Hocker (President) no longer on Schedule A of P••• C•••••• M••••••••• C••••••• L•• (listed 2024-04-23, absent 2024-08-03)
        Aug 3, 2024 · Control person left · inference
      • Alan Richard Hocker (Chief Executive Officer) no longer on Schedule A of P••• C•••••• M••••••••• C••••••• L•• (listed 2024-04-23, absent 2024-08-03)
        Aug 3, 2024 · Control person left · inference
      • Ann Marcia Hocker (President) no longer on Schedule A of P••• C•••••• M••••••••• C••••••• L•• (listed 2024-04-23, absent 2024-08-03)
        Aug 3, 2024 · Control person left · inference
      • Alasdair Andrew Smith (Elected Manager) no longer on Schedule A of P••• C•••••• M••••••••• C••••••• L•• (listed 2024-04-23, absent 2024-08-03)
        Aug 3, 2024 · Control person left · inference
      • Mclean Andrew Daly (Chief Operating Officer) no longer on Schedule A of P••• C•••••• M••••••••• C••••••• L•• (listed 2023-06-06, absent 2024-01-29)
        Jan 29, 2024 · Control person left · inference
      • Meredith Jennifer Shields (General Counsel And Chief Compliance Officer) no longer on Schedule A of P••• C•••••• M••••••••• C••••••• L•• (listed 2023-06-06, absent 2024-01-29)
        Jan 29, 2024 · Control person left · inference
      • Meredith Jennifer Shields (Chief Compliance Officer) appeared on Schedule A of P••• C•••••• M••••••••• C••••••• L••
        Feb 28, 2023 · Control person joined · fact
      • Jon Eric Green (Cio - Equity, Senior Managing Partner) no longer on Schedule A of P••• C•••••• M••••••••• C••••••• L•• (listed 2021-08-11, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • R Peter Duffy (Cio - Credit, Senior Managing Partner) no longer on Schedule A of P••• C•••••• M••••••••• C••••••• L•• (listed 2021-08-11, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • Chapman Blakely Page (Managing Member) no longer on Schedule A of P••• C•••••• M••••••••• C••••••• L•• (listed 2021-08-11, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • P••• C•••••• M••••••••• C••••••• L•• reported RAUM $2.1B, down 26% from $2.8B (2021-08-11 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • P••• C•••••• M••••••••• C••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Aug 11, 2021 · Succession (Item 4) · fact
      • David Scott Schumacher (Senior Portfolio Manager, Senior Managing Partner, Director) no longer on Schedule A of P••• C•••••• M••••••••• C••••••• L•• (listed 2020-06-15, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • Alasdair Andrew Smith (Chief Executive Officer) appeared on Schedule A of P••• C•••••• M••••••••• C••••••• L••
        Mar 31, 2021 · Control person joined · fact
      • Mclean Andrew Daly (Chief Operating Officer) appeared on Schedule A of P••• C•••••• M••••••••• C••••••• L••
        Mar 31, 2021 · Control person joined · fact
      • Chapman Blakely Page (Managing Member) appeared on Schedule A of P••• C•••••• M••••••••• C••••••• L••
        Mar 31, 2021 · Control person joined · fact
      • R Peter Duffy (Deputy Cio - Credit, Senior Managing Partner) appeared on Schedule A of P••• C•••••• M••••••••• C••••••• L••
        Mar 26, 2020 · Control person joined · fact
      • P••• C•••••• M••••••••• C••••••• L•• reported RAUM $2.9B, down 33% from $4.2B (2018-03-30 to 2019-03-29)
        Mar 29, 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/penn-capital-managementreportedpublic record, Form ADV, Sep 18, 2026
      Website
      P•••CAPITAL.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      215-302-1500reportedpublic record, Form ADV, Mar 27, 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
      $1.9Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026