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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Former SEC-registered adviser

A••

Former SEC-registered adviserPhiladelphia, PennsylvaniaCRD 105545SEC 801-22950IAPD
Legal name A••• L•
Latest filing Mar 23, 2021
First filing on the tape Mar 29, 2012 · 30 filings
RAUM
$580M
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
17
13 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
$1.6M gross assets
History
30 filings and snapshots on the tape
RAUM$580M as of Mar 23, 2021
Mar 29, 2012$19B then
HNW client RAUM: $6.4M
State-registered IARs (5.B.3)0 as of Mar 23, 2021
Mar 29, 20120 then
Employees (5.A)17 as of Mar 23, 2021
Mar 22, 201335 then
Private funds1 as of Mar 23, 2021
Mar 22, 20133 then
RAUM -97% over the last fiscal year-73% a year over threeIARs 0 to 0offices 1 to 0
Practice profile
derived from the filing of Mar 23, 2021; every figure names its basis
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
$145MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
67%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
-97%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 vehiclesreportedItem 5.G
Custody
$1.6M, 1 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$386M67%
  • Pooled investment vehicles$194M33%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$1.6M for 1 clientsreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
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
      Every departureEvery arrival
      Private funds
      10 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      A•• E••••••• M•••••• A•••••• M••••• F•••• L•••Hedge Fund$758M34Mar 22, 2013
      A•• E••••••• M•••••• S••••••••• F•••• L•••Hedge Fund$182M1Mar 31, 2015
      A•• G••••• A•••••• F•••• L•••no longer reportedHedge Fund$67.1M2Nov 11, 2015
      A•• E••••••• M•••••• E••••••• H•••• F•••• L•••no longer reportedHedge Fund$65.0M4Nov 11, 2015
      A•• E••••••• M•••••• M••••• H•••• F•••• L•••no longer reportedHedge Fund$30.9M3Mar 22, 2013
      A•• I••••••••• S•••••••• F•••• L•••no longer reportedHedge Fund$29.1M2Nov 11, 2015
      A•• G••••• M••••••••• F•••• L•••Hedge Fund$20.6M2Nov 11, 2015
      A•• E••••••• M•••••• A•••••••• F•••• L•••no longer reportedHedge Fund$7.2M2Nov 11, 2015
      A•• E••••••• M•••••• L•••••••• F•••• L•••Hedge Fund$2.5M1Feb 28, 2018
      A•• E••••••• M•••••• S•••••••• F•••• L•••Hedge Fund$1.6M2Mar 22, 2013
      Owners and control persons
      Schedule A and B, latest filing
      • A••••••• T•••••••• R•••• · Managing Principal; Limited Partner; Co-Ceocontrol
        since 08/1984 · owns 25% to 50%
      • C•••••••• S•••••• · Principal; Chief Financial Officercontrol
        since 01/2001 · owns 5% to 10%
      • D•••••••• J•••••• F•••••• · Principal; Chief Compliance Officer; General Counselcontrol
        since 06/2004 · owns less than 5%
      • M••••• G••• M••••• N•••• · Principal; Limited Partner; Co-Ceocontrol
        since 01/2001 · owns 10% to 25%
      • A••••••• T•••••••• R•••• · Membercontrol
        since 12/2002 · owns 75% or more of A••• L••
      Entity owners
      • A••• L•• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • A•• F••••• L••
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 107 to 4
        Jan 20, 2021 to Mar 23, 2021
      • Advisory employees · 32 to 13
        Jan 20, 2021 to Mar 23, 2021
      • Advisory activities · 3 to 2
        Jan 20, 2021 to Mar 23, 2021
      • Charity clients · 12.0 to unset
        Jan 20, 2021 to Mar 23, 2021
      • Corporate clients · 5.0 to unset
        Jan 20, 2021 to Mar 23, 2021
      • Pension plan clients · 32.0 to unset
        Jan 20, 2021 to Mar 23, 2021
      • Pooled vehicle clients · 17 to 2
        Jan 20, 2021 to Mar 23, 2021
      • Assets in custody · $1.2B to $1.6M
        Jan 20, 2021 to Mar 23, 2021
      • Employees · 54 to 17
        Jan 20, 2021 to Mar 23, 2021
      • Other offices · 1 to 0
        Jan 20, 2021 to Mar 23, 2021
      • Private funds · 5 to 1
        Jan 20, 2021 to Mar 23, 2021
      • Discretionary RAUM · $19B to $580M
        Jan 20, 2021 to Mar 23, 2021
      • Pension RAUM · 4996257904.0 to unset
        Jan 20, 2021 to Mar 23, 2021
      • Pooled vehicle RAUM · $3.6B to $194M
        Jan 20, 2021 to Mar 23, 2021
      • RAUM · $19B to $580M
        Jan 20, 2021 to Mar 23, 2021
      • Accounts · 144 to 107
        Jun 26, 2019 to Mar 20, 2020
      • Advisory employees · 36 to 32
        Jun 26, 2019 to Mar 20, 2020
      • Charity clients · 18 to 12
        Jun 26, 2019 to Mar 20, 2020
      • Corporate clients · 6 to 5
        Jun 26, 2019 to Mar 20, 2020
      • Pension plan clients · 39 to 32
        Jun 26, 2019 to Mar 20, 2020
      • Pooled vehicle clients · 25 to 17
        Jun 26, 2019 to Mar 20, 2020
      • Assets in custody · $1.4B to $1.2B
        Jun 26, 2019 to Mar 20, 2020
      • Employees · 61 to 54
        Jun 26, 2019 to Mar 20, 2020
      • Private funds · 9 to 5
        Jun 26, 2019 to Mar 20, 2020
      • Discretionary RAUM · $20B to $19B
        Jun 26, 2019 to Mar 20, 2020
      • Pension RAUM · $4.8B to $5.0B
        Jun 26, 2019 to Mar 20, 2020
      • Pooled vehicle RAUM · $4.1B to $3.6B
        Jun 26, 2019 to Mar 20, 2020
      • RAUM · $20B to $19B
        Jun 26, 2019 to Mar 20, 2020
      • Related bank · true to false
        Jun 26, 2019 to Mar 20, 2020
      • Accounts · 163 to 144
        Jan 15, 2019 to Mar 29, 2019
      • Advisory employees · 33 to 36
        Jan 15, 2019 to Mar 29, 2019
      • Charity clients · 22 to 18
        Jan 15, 2019 to Mar 29, 2019
      • Corporate clients · 5 to 6
        Jan 15, 2019 to Mar 29, 2019
      • HNW clients · 1.0 to unset
        Jan 15, 2019 to Mar 29, 2019
      • Pension plan clients · 45 to 39
        Jan 15, 2019 to Mar 29, 2019
      • Pooled vehicle clients · 27 to 25
        Jan 15, 2019 to Mar 29, 2019
      • Assets in custody · $2.8B to $1.4B
        Jan 15, 2019 to Mar 29, 2019
      • Employees · 60 to 61
        Jan 15, 2019 to Mar 29, 2019
      • Private funds · 10 to 9
        Jan 15, 2019 to Mar 29, 2019
      • Discretionary RAUM · $28B to $20B
        Jan 15, 2019 to Mar 29, 2019
      Signals
      11 dated events
      • Ajo reported RAUM $579.9M, down 97% from $19.2B (2021-01-20 to 2021-03-23)
        Mar 23, 2021 · RAUM change · derived
      • John Gregory Rogers (Principal; Limited Partner) no longer on Schedule A of Ajo (listed 2020-09-14, absent 2021-01-20)
        Jan 20, 2021 · Control person left · inference
      • John Kristopher Moran (Chief Compliance Officer) no longer on Schedule A of Ajo (listed 2020-09-14, absent 2021-01-20)
        Jan 20, 2021 · Control person left · inference
      • Lewis Gregory Mcintire (Principal; Limited Partner; Chief Investment Officer) no longer on Schedule A of Ajo (listed 2020-09-14, absent 2021-01-20)
        Jan 20, 2021 · Control person left · inference
      • Edmondson Paul Dodge (Principal; Limited Partner) no longer on Schedule A of Ajo (listed 2020-03-20, absent 2020-09-14)
        Sep 14, 2020 · Control person left · inference
      • John Kristopher Moran (Chief Compliance Officer) appeared on Schedule A of Ajo
        Mar 20, 2020 · Control person joined · fact
      • Lewis Gregory Mcintire (Principal; Limited Partner; Chief Investment Officer) appeared on Schedule A of Ajo
        Mar 20, 2020 · Control person joined · fact
      • Donald Douglas Dixon (Prinicipal; Limited Partner) no longer on Schedule A of Ajo (listed 2019-01-15, absent 2019-03-29)
        Mar 29, 2019 · Control person left · inference
      • Augusto Cesar Orosco (Principal; Limited Partner) no longer on Schedule A of Ajo (listed 2019-01-15, absent 2019-03-29)
        Mar 29, 2019 · Control person left · inference
      • Ajo reported RAUM $20.4B, down 27% from $28.0B (2019-01-15 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      • Sergius James Lobb (Principal; Limited Partner) no longer on Schedule A of Ajo (listed 2018-09-28, absent 2019-01-15)
        Jan 15, 2019 · 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.
      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
      Former SEC-registered 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