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

T•• E•••• L•••• C••••••

Institutional managerAlexandria, VirginiaCRD 105444SEC 801-19358websiteIAPD
Latest filing Mar 13, 2026
First filing on the tape Mar 29, 2012 · 19 filings
SEC status approved since Jul 28, 1983
RAUM
$1.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
1.4%
$20.6M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$1.4B as of Mar 13, 2026
Mar 29, 2012$1.3B then
HNW client RAUM$15.2M as of Mar 31, 2023
Mar 28, 2018$18.8M then
State-registered IARs (5.B.3)0 as of Mar 13, 2026
Mar 29, 20120 then
Employees (5.A)8 as of Mar 13, 2026
Mar 28, 20138 then
Private funds: no history
RAUM -14% over the last fiscal year-6.7% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 13, 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
$39.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
86%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
-14%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, hourly, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companiesreportedItem 5.G
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$770M54%
  • Pension and profit-sharing plans$402M28%
  • Investment companies$102M7.2%
  • Corporations and businesses$72.5M5.1%
  • Charitable organizations$56.9M4.0%
  • Individuals$20.6M1.4%
Individual clients
7reported
HNW clients
n/areported
Pension plan clients
5reported
Charitable clients
5reported
Accounts
36reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourly, performancereported
Class basis
private_client_share=0.01 fund_share=0.07 institutional_share=0.86 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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • E•••• R••••••• R•••• · President, Directorcontrol
        since 03/1983 · owns 50% to 75%
      • K••••••• M••••••• A•••• · Directorcontrol
        since 01/1991 · owns 10% to 25%
      • M•••••• T•••••• B••••••• · Chief Operating Officer, Chief Compliance Officercontrol
        since 08/2001 · owns less than 5%
      • A•••••• C••••••••• W•••••• · Director
        since 05/2023 · owns less than 5%
      • E••• I••• M•••••• C•••• · Treasurer
        since 03/2021 · owns less than 5%
      • E•••• J••• M•••••• C•••• · Director
        since 06/1988 · owns less than 5%
      • F••••••••• F••••••• O••••• · Director
        since 06/1988 · owns less than 5%
      • M••••••• R••••••• S•••• · Director
        since 06/1988 · owns 5% to 10%
      • S••••••••• D•••• L••••• · Director
        since 05/2003 · owns less than 5%
      Related persons
      Schedule D 7.A
      • R•••••• R• E•••
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 37 to 36
        Mar 18, 2025 to Mar 13, 2026
      • Discretionary RAUM · $1.7B to $1.4B
        Mar 18, 2025 to Mar 13, 2026
      • Individual RAUM · $18.1M to $20.6M
        Mar 18, 2025 to Mar 13, 2026
      • Pension RAUM · $356M to $402M
        Mar 18, 2025 to Mar 13, 2026
      • RAUM · $1.7B to $1.4B
        Mar 18, 2025 to Mar 13, 2026
      • Accounts · 39 to 37
        Sep 10, 2024 to Mar 18, 2025
      • Corporate clients · 6 to 5
        Sep 10, 2024 to Mar 18, 2025
      • Employees · 9 to 8
        Sep 10, 2024 to Mar 18, 2025
      • Financial planning clients · 0 to 0
        Sep 10, 2024 to Mar 18, 2025
      • Discretionary RAUM · $1.7B to $1.7B
        Sep 10, 2024 to Mar 18, 2025
      • Individual RAUM · $16.3M to $18.1M
        Sep 10, 2024 to Mar 18, 2025
      • Pension RAUM · $401M to $356M
        Sep 10, 2024 to Mar 18, 2025
      • RAUM · $1.7B to $1.7B
        Sep 10, 2024 to Mar 18, 2025
      • Accounts · 41 to 39
        Mar 31, 2023 to Mar 19, 2024
      • Advisory employees · 6 to 7
        Mar 31, 2023 to Mar 19, 2024
      • Charity clients · unset to 5.0
        Mar 31, 2023 to Mar 19, 2024
      • Corporate clients · 7 to 6
        Mar 31, 2023 to Mar 19, 2024
      • HNW clients · 7.0 to unset
        Mar 31, 2023 to Mar 19, 2024
      • Individual clients · 0 to 7
        Mar 31, 2023 to Mar 19, 2024
      • Pension plan clients · 6 to 5
        Mar 31, 2023 to Mar 19, 2024
      • Employees · 6 to 9
        Mar 31, 2023 to Mar 19, 2024
      • Discretionary RAUM · $1.8B to $1.7B
        Mar 31, 2023 to Mar 19, 2024
      • HNW RAUM · 15205857.0 to unset
        Mar 31, 2023 to Mar 19, 2024
      • Individual RAUM · $0 to $16.3M
        Mar 31, 2023 to Mar 19, 2024
      • Pension RAUM · $388M to $401M
        Mar 31, 2023 to Mar 19, 2024
      • RAUM · $1.8B to $1.7B
        Mar 31, 2023 to Mar 19, 2024
      • Accounts · 40 to 41
        Mar 31, 2022 to Mar 31, 2023
      • Employees · 8 to 6
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $1.8B to $1.8B
        Mar 31, 2022 to Mar 31, 2023
      • HNW RAUM · $16.0M to $15.2M
        Mar 31, 2022 to Mar 31, 2023
      • Pension RAUM · $394M to $388M
        Mar 31, 2022 to Mar 31, 2023
      • RAUM · $1.8B to $1.8B
        Mar 31, 2022 to Mar 31, 2023
      • Accounts · 42 to 40
        Mar 31, 2021 to Mar 31, 2022
      • Advisory employees · 7 to 6
        Mar 31, 2021 to Mar 31, 2022
      • Pension plan clients · 7 to 6
        Mar 31, 2021 to Mar 31, 2022
      • Employees · 7 to 8
        Mar 31, 2021 to Mar 31, 2022
      • Financial planning clients · unset to 0
        Mar 31, 2021 to Mar 31, 2022
      • Discretionary RAUM · $1.6B to $1.8B
        Mar 31, 2021 to Mar 31, 2022
      • HNW RAUM · $25.4M to $16.0M
        Mar 31, 2021 to Mar 31, 2022
      • Pension RAUM · $339M to $394M
        Mar 31, 2021 to Mar 31, 2022
      Signals
      1 dated events
      • Andrew Phillip Titzer (Vp Of Investment Operations) no longer on Schedule A of T•• E•••• L•••• C•••••• (listed 2019-03-31, absent 2020-03-31)
        Mar 31, 2020 · Control person left · inference
      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
      Website
      E••••L••••.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      703-719-0026reportedpublic record, Form ADV, Mar 13, 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