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
Panagora Asset Management Inc
Latest filing Mar 30, 2026
First filing on the tape Apr 2, 2012 · 41 filings
SEC status approved since Nov 9, 1989
RAUM
$44B
reported, Item 5.F
Discretionary
99%
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
110
44 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
9
reported on Schedule D
History
41 filings and snapshots on the tape
RAUM$44B as of Mar 30, 2026
Apr 2, 2012$25B then
HNW client RAUM$0 as of Mar 30, 2026
Mar 9, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 28, 20130 then
Employees (5.A)110 as of Mar 30, 2026
Mar 28, 201392 then
Private funds9 as of Mar 30, 2026
Apr 2, 201215 then
RAUM +33% over the last fiscal year+12% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 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
- $446MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 66%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
- +33%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 businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, otherreportedItem 5.G
- Custody
- $4.0B, 8 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)
- a related person has custody of client cash (9.B.1.a)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Sovereign wealth funds$21B50%
- Pooled investment vehicles$7.4B17%
- State and municipal entities$5.1B12%
- Corporations and businesses$3.9B9.1%
- Pension and profit-sharing plans$2.3B5.4%
- Investment companies$2.3B5.4%
- Charitable organizations$226M0.5%
- Insurance companies$78.5M0.2%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 13reported
- Charitable clients
- 3reported
- Accounts
- 99reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $4.0B for 8 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.22 institutional_share=0.66 related_bd=true related_bank=true 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
35 reported on Schedule D 7.B.(1)
Owners and control persons
Schedule A and B, latest filing
- Jonathon Mark Anson · Directorcontrolsince 12/2018 · owns less than 5%
- David Bryan Belton · Director/ President & Ceocontrolsince 09/2024 · owns less than 5%
- Sloane Andra Bolotin · Directorcontrolsince 07/2024 · owns less than 5%
- Rosario Stephen Ferrara · General Counselcontrolsince 12/2022 · owns less than 5%
- Forrest Jason Ketchen · Chief Operating Officercontrolsince 12/2021 · owns less than 5%
- Deckey George Mussalli · Director/ Global Chief Investment Officercontrolsince 09/2024 · owns less than 5%
- Jeffery Robert Orr · Directorcontrolsince 11/2007 · owns less than 5%
- Enping Edward Qian · Chief Investment Officercontrolsince 05/2007 · owns less than 5%
- Lloyd Robert Reynolds · Directorcontrolsince 10/2009 · owns less than 5%
- Hevering Eric Sorensen · Director/ Vice Chair Of Panagoracontrolsince 07/2004 · owns less than 5%
- Raman Srivastava · Directorcontrolsince 07/2023 · owns less than 5%
- Michael Paul Sutton · Chief Financial Officer And Treasurercontrolsince 02/2000 · owns less than 5%
- Leonard Marc Volpe · Chief Compliance Officercontrolsince 09/2021 · owns less than 5%
- Ethel Margaret Wyrwas · Directorcontrolsince 07/2018 · owns less than 5%
- Roger Andre Desmarais · Trusteecontrolsince 10/2013 · owns F of The Desmarais Family Residuary Trust
- Guy Paul Desmarais · Trusteecontrolsince 10/2013 · owns F of The Desmarais Family Residuary Trust
- Albert Gary Doer · Trusteecontrolsince 05/2023 · owns F of The Desmarais Family Residuary Trust
- James Gregory Fleming · Trusteecontrolsince 02/2024 · owns F of The Desmarais Family Residuary Trust
- Caroline Sophie Desmarais · Trusteesince 03/2018 · owns F of The Desmarais Family Residuary Trust
Entity owners
- Panagora Holdings, Inc. · Direct Shareholderdirect · owns 75% or more
- Empower Annuity Insurance Co. Of America · Memberindirect · owns 75% or more of Empower Services Holdings US, LLC
- Empower Holdings, LLC · Memberindirect · owns 75% or more of Empower Annuity Insurance Co. Of America
- Empower Services Holdings US, LLC · Memberindirect · owns 75% or more of Pafi, LLC
- Great-West Financial (Nova Scotia) Co · Shareholderindirect · owns 75% or more of Great-West Lifeco U.S. LLC
- Great-West Lifeco Inc · Shareholderindirect · owns 75% or more of Great-West Financial (Nova Scotia) Co · public reporting company
- Great-West Lifeco U.S. LLC · Memberindirect · owns 75% or more of Empower Holdings, LLC
- Pafi, LLC · Memberindirect · owns 75% or more of Panagora Holdings, Inc.
- Pansolo Holding Inc. · Shareholderindirect · owns 50% to 75% of Power Corporation Of Canada
- Power Corporation Of Canada · Ownerindirect · owns 75% or more of Power Financial Corporation
- Power Financial Corporation · Shareholderindirect · owns 50% to 75% of Great-West Lifeco Inc
- The Desmarais Family Residuary Trust · Shareholderindirect · owns 75% or more of Pansolo Holding Inc.
- Pafi, LLC · Direct Shareholderdirect · owns 10% to 25%
Related persons
Schedule D 7.A
- Empower Advisory Group, LLCinvestment advisernRAUM $195B
- Empower Annuity & Insurance Co Of Americapooled vehicle sponsory
- Empower Annuity Insurance Companyreal estaten
- Empower Financial Services, Inc.broker-dealern
- Empower Life & Annuity Insurance Co Of Nypooled vehicle sponsorreal estaten
- Empower Trust Company LLCy
- I.G. Investment Management, Ltd.investment adviserpooled vehicle sponsorn
- Keyridge Asset Management Limitedinvestment adviserpooled vehicle sponsornRAUM $163B
- Mullin Tbg Insurance Agency Services LLCreal estaten
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM up 25 %Change between filings · filing Mar 30, 2026RAUM (Item 5.F) moved from $33,175,736,583 to $44,129,364,870 (+33.0%) between the annual amendments of 2025-03-28 and 2026-03-30; the peer median change was +11.0% (113 comparable advisers, 90.0th percentile of changes)peers: other advisers, $20B and over (113) · 90% percentile
What changed
consecutive filings, newest first
- Accounts · 93 to 99Mar 28, 2025 to Mar 30, 2026
- Advisory employees · 33 to 44Mar 28, 2025 to Mar 30, 2026
- Charity clients · 4 to 3Mar 28, 2025 to Mar 30, 2026
- Corporate clients · 33 to 32Mar 28, 2025 to Mar 30, 2026
- Pension plan clients · 11 to 13Mar 28, 2025 to Mar 30, 2026
- Pooled vehicle clients · 12 to 18Mar 28, 2025 to Mar 30, 2026
- Assets in custody · $5.4B to $4.0BMar 28, 2025 to Mar 30, 2026
- Employees · 115 to 110Mar 28, 2025 to Mar 30, 2026
- Private funds · 11 to 9Mar 28, 2025 to Mar 30, 2026
- Discretionary RAUM · $33B to $44BMar 28, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $282M to $578MMar 28, 2025 to Mar 30, 2026
- Pension RAUM · $1.7B to $2.3BMar 28, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $6.4B to $7.4BMar 28, 2025 to Mar 30, 2026
- RAUM · $33B to $44BMar 28, 2025 to Mar 30, 2026
- Accounts · 98 to 93Oct 16, 2024 to Mar 28, 2025
- Advisory employees · 35 to 33Oct 16, 2024 to Mar 28, 2025
- Corporate clients · 36 to 33Oct 16, 2024 to Mar 28, 2025
- Pension plan clients · 12 to 11Oct 16, 2024 to Mar 28, 2025
- Pooled vehicle clients · 13 to 12Oct 16, 2024 to Mar 28, 2025
- Assets in custody · $7.0B to $5.4BOct 16, 2024 to Mar 28, 2025
- Employees · 124 to 115Oct 16, 2024 to Mar 28, 2025
- Financial planning clients · unset to Oct 16, 2024 to Mar 28, 2025
- Private funds · 15 to 11Oct 16, 2024 to Mar 28, 2025
- Discretionary RAUM · $32B to $33BOct 16, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $427M to $282MOct 16, 2024 to Mar 28, 2025
- Pension RAUM · $1.8B to $1.7BOct 16, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $8.1B to $6.4BOct 16, 2024 to Mar 28, 2025
- RAUM · $32B to $33BOct 16, 2024 to Mar 28, 2025
- Accounts · 102 to 98Feb 1, 2024 to Mar 28, 2024
- Advisory employees · 40 to 35Feb 1, 2024 to Mar 28, 2024
- Pension plan clients · 13 to 12Feb 1, 2024 to Mar 28, 2024
- Pooled vehicle clients · 17 to 13Feb 1, 2024 to Mar 28, 2024
- Assets in custody · $9.1B to $7.0BFeb 1, 2024 to Mar 28, 2024
- Employees · 135 to 124Feb 1, 2024 to Mar 28, 2024
- Discretionary RAUM · $31B to $32BFeb 1, 2024 to Mar 28, 2024
- Non-discretionary RAUM · $582M to $427MFeb 1, 2024 to Mar 28, 2024
- Pension RAUM · $2.0B to $1.8BFeb 1, 2024 to Mar 28, 2024
- Pooled vehicle RAUM · $11B to $8.1BFeb 1, 2024 to Mar 28, 2024
- RAUM · $32B to $32BFeb 1, 2024 to Mar 28, 2024
- Private funds · 16 to 15May 25, 2023 to Jun 30, 2023
Signals
21 dated events
- Panagora Asset Management Inc reported RAUM $44.1B, up 33% from $33.2B (2025-03-28 to 2026-03-30)Mar 30, 2026 · RAUM change · derived
- Sloane Andra Bolotin (Director) appeared on Schedule A of Panagora Asset Management IncOct 16, 2024 · Control person joined · fact
- David Bryan Belton (Director/ President & Ceo) appeared on Schedule A of Panagora Asset Management IncOct 16, 2024 · Control person joined · fact
- Chih-Hao Jesse Huang (Head Of Global Distribution) no longer on Schedule A of Panagora Asset Management Inc (listed 2024-03-28, absent 2024-10-16)Oct 16, 2024 · Control person left · inference
- James Gregory Fleming (Trustee) appeared on Schedule A of Panagora Asset Management IncMar 28, 2024 · Control person joined · fact
- Dennis Gregory Tretiak (Director) no longer on Schedule A of Panagora Asset Management Inc (listed 2024-02-01, absent 2024-03-28)Mar 28, 2024 · Control person left · inference
- Raman Srivastava (Director) appeared on Schedule A of Panagora Asset Management IncFeb 1, 2024 · Control person joined · fact
- Guy Fortin (Trustee) no longer on Schedule A of Panagora Asset Management Inc (listed 2023-06-30, absent 2024-02-01)Feb 1, 2024 · Control person left · inference
- Albert Gary Doer (Trustee) appeared on Schedule A of Panagora Asset Management IncJun 30, 2023 · Control person joined · fact
- Rosario Stephen Ferrara (General Counsel) appeared on Schedule A of Panagora Asset Management IncJun 30, 2023 · Control person joined · fact
- Panagora Asset Management Inc reported RAUM $31.6B, down 28% from $43.9B (2022-03-31 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- Michel Plessis-Belair (Trustee) no longer on Schedule A of Panagora Asset Management Inc (listed 2022-03-31, absent 2023-03-31)Mar 31, 2023 · Control person left · inference
- Henry Michael Turpin (Chief Operating Officer) no longer on Schedule A of Panagora Asset Management Inc (listed 2021-10-25, absent 2022-03-31)Mar 31, 2022 · Control person left · inference
- Werner Michael Anderson (Co-Head Of Global Distribution) no longer on Schedule A of Panagora Asset Management Inc (listed 2021-05-04, absent 2021-10-25)Oct 25, 2021 · Control person left · inference
- Leonard Marc Volpe (Chief Compliance Officer) appeared on Schedule A of Panagora Asset Management IncOct 25, 2021 · Control person joined · fact
- Xavier Louis Iglesias (Chief Compliance Officer) no longer on Schedule A of Panagora Asset Management Inc (listed 2020-03-30, absent 2021-03-31)Mar 31, 2021 · Control person left · inference
- C Jesse Huang (Co-Head Of Global Distribution) appeared on Schedule A of Panagora Asset Management IncMar 31, 2021 · Control person joined · fact
- Robert Job (Head Of Business Development And Client Solutions) no longer on Schedule A of Panagora Asset Management Inc (listed 2019-03-29, absent 2019-10-01)Oct 1, 2019 · Control person left · inference
- Werner Michael Anderson (Head Of Global Sales) appeared on Schedule A of Panagora Asset Management IncOct 1, 2019 · Control person joined · fact
- Forrest Jason Ketchen (General Counsel) appeared on Schedule A of Panagora Asset Management IncMar 29, 2019 · Control person joined · fact
- Panagora Asset Management Inc reported RAUM $55.9B, up 33% from $42.1B (2017-04-17 to 2018-03-09)Mar 9, 2018 · 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/panagora-asset-managementreportedpublic record, Form ADV, Sep 17, 2026
- Website
- PANAGORA.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 617-439-6300reportedpublic record, Form ADV, Mar 30, 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