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
B•••••• L••
Latest filing Aug 11, 2026
First filing on the tape Mar 30, 2012 · 55 filings
SEC status approved since Nov 1, 1940
RAUM
$393B
reported, Item 5.F
Discretionary
97%
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
1,101
465 advisory (5.B.1)
Offices
10
beyond the principal office
Private funds
91
reported on Schedule D
History
55 filings and snapshots on the tape
RAUM$393B as of Aug 11, 2026
Mar 30, 2012$101B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 11, 2026
Apr 1, 20133 then
Employees (5.A)1,101 as of Aug 11, 2026
Apr 1, 2013520 then
Private funds91 as of Aug 11, 2026
Mar 30, 201274 then
RAUM +14% over the last fiscal year+13% a year over threeIARs 0 to 0offices 5 to 10
Practice profile
derived from the filing of Aug 11, 2026; every figure names its basis
Archetypes, each a printed rule
- Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 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
- $942MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 76%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived11 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, fixed fees, 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 companies, selection of other advisers, educational seminarsreportedItem 5.G
- Custody
- $4.3B, 22 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)
- 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)
- a related person has custody of client securities (9.B.1.b)
- 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
- Insurance companies$286B74%
- Pooled investment vehicles$73B19%
- Pension and profit-sharing plans$13B3.4%
- Investment companies$7.8B2.0%
- Banks and thrifts$2.3B0.6%
- Corporations and businesses$1.9B0.5%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- 43reported
- Charitable clients
- n/areported
- Accounts
- 417reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $4.3B for 22 clientsreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.23 institutional_share=0.76 related_bd=true related_bank=true bd_reps=77.0derived
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
167 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| B•••••• G••••• I••••••••• F•••• 2• P•• | Other Private Fund | $2.6B | 74 | Mar 31, 2014 |
| B•••••• R••• E••••• D••• I••••• F••• L• | Real Estate Fund | $1.3B | 9 | Mar 30, 2022 |
| B••••• C•••••• F••••••• R••• I••••• M••••• F•••• L•••no longer reported | Other Private Fund | $1.1B | 56 | Mar 30, 2012 |
| B•••••• I••••••••• • G••••• R••• E••••• F••• L• | Real Estate Fund | $1.1B | 15 | Mar 31, 2023 |
| L•••••••• L•• • S••••• I••no longer reported | Private Equity Fund | $668M | 2 | Apr 1, 2013 |
| B•••••• A••••••••• I••••• F••• •••• L••• | Private Equity Fund | $634M | 31 | Mar 29, 2018 |
| B•••••• C•• L••• 2••••• | Securitized Asset Fund | $518M | 21 | Mar 29, 2019 |
| B•••••• C•• L••• 2••••••• | Securitized Asset Fund | $502M | 12 | Mar 31, 2023 |
| B••••• C•• L••• 2•••••••no longer reported | Securitized Asset Fund | $501M | 21 | Mar 31, 2017 |
| B•••••• C•• L••• 2•••••• | Securitized Asset Fund | $501M | 11 | Mar 26, 2024 |
| B•••••• C•• L••• 2••••••• | Securitized Asset Fund | $500M | 21 | Mar 26, 2024 |
| B•••••• L••• P••••••• C•• L••• 2• | Securitized Asset Fund | $500M | 9 | Apr 8, 2022 |
| B•••••• C•• L••• 2••••• | Securitized Asset Fund | $498M | 20 | Mar 30, 2020 |
| B•••••• C•• L••• 2•••••• | Securitized Asset Fund | $493M | 20 | Mar 30, 2020 |
| B•••••• C•• L••• 2•••••• | Securitized Asset Fund | $492M | 18 | Mar 29, 2019 |
| B•••••• M••••• M••••• C•• L••• 2••••• | Securitized Asset Fund | $488M | 8 | Mar 29, 2018 |
| B•••••• M••••• M••••• C•• 2••••• L••• | Securitized Asset Fund | $465M | 13 | Mar 26, 2024 |
| B•••••• C•• L••• 2•••••• | Securitized Asset Fund | $465M | 21 | Mar 29, 2019 |
| D•••• C•• I• L•••no longer reported | Securitized Asset Fund | $454M | 15 | Mar 30, 2012 |
| B•••••• C•• L••• 2•••••• | Securitized Asset Fund | $443M | 21 | Mar 30, 2022 |
| B•••••• C•• L••• 2••••• | Securitized Asset Fund | $438M | 21 | Mar 29, 2018 |
| B•••••• C•• L••• 2••••• | Securitized Asset Fund | $435M | 27 | Mar 30, 2016 |
| B•••••• C•• L••• 2•••••• | Securitized Asset Fund | $416M | 21 | Mar 30, 2016 |
| B•••••• M••••• M••••• C•• L••• 2••••• | Securitized Asset Fund | $409M | 9 | Mar 30, 2020 |
| B•••••• L••• P••••••• C•• L••• 3• | Securitized Asset Fund | $405M | 11 | Mar 31, 2023 |
| B•••••• M••••• M••••• C•• 2•••••• L••• | Securitized Asset Fund | $405M | 13 | Mar 26, 2024 |
| B•••••• L••• P••••••• C•• L•• | Securitized Asset Fund | $404M | 16 | Mar 30, 2021 |
| B•••••• M••••• M••••• C•• L••• 2••••• | Securitized Asset Fund | $403M | 0 | Mar 30, 2022 |
| B•••••• C•• L••• 2•••••• | Securitized Asset Fund | $402M | 13 | Mar 30, 2020 |
| B•••••• C•• L••• 2•••••• | Securitized Asset Fund | $400M | 18 | Mar 31, 2023 |
| B•••••• C•• L••• 2••••• | Securitized Asset Fund | $400M | 15 | Mar 26, 2024 |
| B•••••• C•• L••• 2••••• | Securitized Asset Fund | $399M | 14 | Mar 31, 2023 |
| B•••••• C•• L••• 2••••••• | Securitized Asset Fund | $398M | 11 | Mar 30, 2022 |
| B•••••• C•• L••• 2•••••• | Securitized Asset Fund | $398M | 13 | Mar 31, 2023 |
| B•••••• C•• L••• 2••••••• | Securitized Asset Fund | $396M | 15 | Mar 30, 2020 |
| B••••• C•• L••• 2••••••no longer reported | Securitized Asset Fund | $387M | 20 | Mar 30, 2012 |
| B•••••• M••••• M••••• C•• L••• 2••••• | Securitized Asset Fund | $385M | 7 | Mar 29, 2019 |
| B•••••• C•• L••• 2••••• | Securitized Asset Fund | $377M | 18 | Mar 31, 2017 |
| B•••••• C•• L••• 2••••••• | Securitized Asset Fund | $375M | 21 | Mar 29, 2019 |
| L•••••••• L•• • S••••• I•no longer reported | Private Equity Fund | $360M | 2 | Apr 1, 2013 |
Owners and control persons
Schedule A and B, latest filing
- C•••• C••••••••• C• · Treasurercontrolsince 04/2020 · owns less than 5%
- C•••••••• E••••••••• W••• · Director, Audit Committee, Human Resource Committeecontrolsince 07/2012 · owns less than 5%
- C••••• S••••• M•••• · Director, Human Resource Committeecontrolsince 03/2020 · owns less than 5%
- C•••••••• G•••••••• J•••• · Director, Audit Committeecontrolsince 10/2017 · owns less than 5%
- C•••••••• R••••• W•••••• · Director, Human Resource Committeecontrolsince 11/2012 · owns less than 5%
- D•••••••• J•••• E•••• · Assistant Secretarycontrolsince 05/2022 · owns less than 5%
- F••••••• S••••••• M•••••• · Chief Administrative Officercontrolsince 09/2016 · owns less than 5%
- F••••• M••••••• D•••• · Chief Executive Officer, Chairman Of The Board Of Managers, And Directorcontrolsince 11/2020 · owns less than 5%
- H•••••••• P••••••• L•••• · Chief Financial Officercontrolsince 01/2020 · owns less than 5%
- L••••••• M••••••• M•••• · Chief Compliance Officercontrolsince 08/2023 · owns less than 5%
- L••••• E•••• J•••• · Presidentcontrolsince 11/2021 · owns less than 5%
- M••••••• S••••• A••••• · Directorcontrolsince 03/2020 · owns less than 5%
- O•••••••• M••••••• J•••• · Director, Audit Committeecontrolsince 03/2020 · owns less than 5%
- P••••••• E•••• W•••••• · Directorcontrolsince 05/2023 · owns less than 5%
- W•••••••• R••••• C••••• · Secretarycontrolsince 05/2022 · owns less than 5%
- H•••••• M•••••••• A••• · Assistant Secretarysince 11/2023 · owns less than 5%
Entity owners
- M• A•••• M••••••••• H•••••• L•• · Direct Ownerdirect · owns 75% or more
- M••••••••• M••••• L••• I•••••••• C•••••• · Shareholder Of M••••••••• H•••••• L••indirect · owns 75% or more of M••••••••• H•••••• L••
- M••••••••• H•••••• L•• · Sole Member Of M• A•••• M••••••••• H•••••• L••indirect · owns 75% or more of M• A•••• M••••••••• H•••••• L••
- M• A•••• M••••••••• H•••••• L•• · Sole Member Of B•••••• L••indirect · owns 75% or more of M••••••••• M••••• L••• I•••••••• C••••••
Related persons
Schedule D 7.A
- B••••• A•••• M••••••••• ••••• L••••••investment adviseryRAUM $5.6B
- B••••• A•••• M••••••••• •••••• L••••••investment adviserpooled vehicle sponsory
- B••••• A•••• M••••••••• L••••••investment adviserbankpooled vehicle sponsory
- B••••• A•••• M••••••••• S••••••••• S•••y
- B••••• F••• M••••••• L••••••pooled vehicle sponsory
- B••••• I••••••••• F••• M••••••• •••••••• L••••••investment adviserpooled vehicle sponsory
- B••••• I••••••••• I••••••••• L••investment adviserbankyRAUM $23B
- B••••• S••• ••••••• L••••••investment adviserpooled vehicle sponsory
- B•••••• ••••• L••••••investment adviserbankpooled vehicle sponsory
- B•••••• A•••••••• A•••• M••••••••• P•• L••investment adviserpooled vehicle sponsory
- B•••••• A•••••••• P••••••• P•• L••investment adviserpooled vehicle sponsory
- B•••••• A•••••••• P•• L••investment advisery
- B•••••• I••••••••• M••••••••• ••••••••• L••••••investment adviserpooled vehicle sponsory
- B•••••• J•••• L••••••investment advisery
- B•••••• O••••••• I••••••••• F••• M••••••••• ••••••••• L••••••investment adviserpooled vehicle sponsory
- B•••••• R••• E••••• A••••••• I•••investment companyy
- B•••••• S••••••••• L••broker-dealery
- B•••••• S•••••••• P••• L••investment advisery
- C••• L••• I•••••••• C••••••bankreal estaten
- G•••••• C•••••• I••••••••• P•• L••investment adviserpooled vehicle sponsory
- J•••••••• F•••••• L••investment adviserpooled vehicle sponsornRAUM $25B
- M••••••••• M••••• L••• I•••••••• C••••••bankreal estatey
- M••••••••• T•••• C••••••• F••n
- M•• B•• S•••• L••• I•••••••• C••••••bankreal estaten
Advisers that list B•••••• L•• as a related person
Offices
Schedule D 1.F, the 25 largest
- New York, NY35 employees
- Chicago, IL28 employees
- El Segundo, CA19 employees
- Boston, MA13 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- office count surgeChange between filings · filing Mar 30, 2026offices other than the principal office (Item 1.F.5) moved from 5.0 to 10.0 (+100.0%) between the annual amendments of 2025-03-31 and 2026-03-30; the peer median change was 0.0% (38 comparable advisers, 95.0th percentile of changes)peers: institutional managers, $20B and over (38) · 95% percentile
What changed
consecutive filings, newest first
- Accounts · 373 to 417May 22, 2025 to Mar 30, 2026
- Advisory employees · 419 to 465May 22, 2025 to Mar 30, 2026
- BD registered reps · 75 to 77May 22, 2025 to Mar 30, 2026
- Corporate clients · 10 to 9May 22, 2025 to Mar 30, 2026
- Pension plan clients · 44 to 43May 22, 2025 to Mar 30, 2026
- Pooled vehicle clients · 167 to 210May 22, 2025 to Mar 30, 2026
- Assets in custody · $5.4B to $4.3BMay 22, 2025 to Mar 30, 2026
- Employees · 1,056 to 1,101May 22, 2025 to Mar 30, 2026
- Other offices · 5 to 10May 22, 2025 to Mar 30, 2026
- Private funds · 76 to 91May 22, 2025 to Mar 30, 2026
- Discretionary RAUM · $333B to $381BMay 22, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $12B to $12BMay 22, 2025 to Mar 30, 2026
- Pension RAUM · $14B to $13BMay 22, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $55B to $73BMay 22, 2025 to Mar 30, 2026
- RAUM · $345B to $393BMay 22, 2025 to Mar 30, 2026
- Financial planning clients · 0 to 0Mar 31, 2025 to May 22, 2025
- Accounts · 343 to 373May 1, 2024 to Mar 31, 2025
- Advisory employees · 392 to 419May 1, 2024 to Mar 31, 2025
- BD registered reps · 68 to 75May 1, 2024 to Mar 31, 2025
- Corporate clients · 12 to 10May 1, 2024 to Mar 31, 2025
- Pooled vehicle clients · 147 to 167May 1, 2024 to Mar 31, 2025
- Assets in custody · $5.0B to $5.4BMay 1, 2024 to Mar 31, 2025
- Employees · 985 to 1,056May 1, 2024 to Mar 31, 2025
- Other offices · 4 to 5May 1, 2024 to Mar 31, 2025
- Private funds · 64 to 76May 1, 2024 to Mar 31, 2025
- Discretionary RAUM · $296B to $333BMay 1, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $12B to $12BMay 1, 2024 to Mar 31, 2025
- Pension RAUM · $15B to $14BMay 1, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $56B to $55BMay 1, 2024 to Mar 31, 2025
- RAUM · $308B to $345BMay 1, 2024 to Mar 31, 2025
- Related insurance company · false to trueMay 1, 2024 to Mar 31, 2025
- Accounts · 333 to 343Nov 2, 2023 to Mar 26, 2024
- Advisory employees · 420 to 392Nov 2, 2023 to Mar 26, 2024
- BD registered reps · 71 to 68Nov 2, 2023 to Mar 26, 2024
- Corporate clients · 13 to 12Nov 2, 2023 to Mar 26, 2024
- Pension plan clients · 46 to 44Nov 2, 2023 to Mar 26, 2024
- Pooled vehicle clients · 129 to 147Nov 2, 2023 to Mar 26, 2024
- Assets in custody · $5.1B to $5.0BNov 2, 2023 to Mar 26, 2024
- Employees · 1,029 to 985Nov 2, 2023 to Mar 26, 2024
- Private funds · 56 to 64Nov 2, 2023 to Mar 26, 2024
Signals
24 dated events
- B•••••• L•• reported 10 offices beyond its principal office, up from 5 (2025-05-22 to 2026-03-30)Mar 30, 2026 · Office count change · derived
- Marie Melissa Lagrant (Chief Compliance Officer) appeared on Schedule A of B•••••• L••Aug 28, 2023 · Control person joined · fact
- Anthony Christopher Defrancis (Chief Compliance Officer) no longer on Schedule A of B•••••• L•• (listed 2023-05-31, absent 2023-08-28)Aug 28, 2023 · Control person left · inference
- W•••••• E••• P•••••• (Director) appeared on Schedule A of B•••••• L••May 25, 2023 · Control person joined · fact
- Timothy M. Corbett (Director, Audit Committee) no longer on Schedule A of B•••••• L•• (listed 2022-09-13, absent 2023-03-31)Mar 31, 2023 · Control person left · inference
- G. Steven Boehm (Chief Operating Officer) no longer on Schedule A of B•••••• L•• (listed 2022-09-13, absent 2023-03-31)Mar 31, 2023 · Control person left · inference
- Rhian W••••••s (Secretary) appeared on Schedule A of B•••••• L••Mar 31, 2023 · Control person joined · fact
- Amy Callow (Secretary) no longer on Schedule A of B•••••• L•• (listed 2021-11-05, absent 2022-03-30)Mar 30, 2022 · Control person left · inference
- James E••• Lloyd (President) appeared on Schedule A of B•••••• L••Nov 5, 2021 · Control person joined · fact
- B•••••• L•• reported 6 offices beyond its principal office, down from 13 (2•••••1-10 to 2021-03-30)Mar 30, 2021 · Office count change · derived
- Amy Callow (Secretary) appeared on Schedule A of B•••••• L••Mar 30, 2021 · Control person joined · fact
- Cheryl Krauss (Chief Communications Officer) no longer on Schedule A of B•••••• L•• (listed 2020-08-13, absent 2•••••1-10)2•••••1-10 · Control person left · inference
- Ann Susan Moore (Chief Administrative Officer) no longer on Schedule A of B•••••• L•• (listed 2020-08-13, absent 2•••••1-10)2•••••1-10 · Control person left · inference
- Michael Thomas Finke (Chairman Of The Board Of Managers, Chief Executive Officer) no longer on Schedule A of B•••••• L•• (listed 2020-08-13, absent 2•••••1-10)2•••••1-10 · Control person left · inference
- C. Chrisoffel Cary (Treasurer) appeared on Schedule A of B•••••• L••Jun 24, 2020 · Control person joined · fact
- James Michael O'Connor (Director) appeared on Schedule A of B•••••• L••Jun 24, 2020 · Control person joined · fact
- Andrew Sears Merritt (Director) appeared on Schedule A of B•••••• L••Jun 24, 2020 · Control person joined · fact
- Marie Susan Cicco (Director) appeared on Schedule A of B•••••• L••Jun 24, 2020 · Control person joined · fact
- G. Steven Boehm (Chief Operating Officer) appeared on Schedule A of B•••••• L••Jun 24, 2020 · Control person joined · fact
- Francis W•••••• Glavin (Member Of The Board Of Managers) no longer on Schedule A of B•••••• L•• (listed 2019-09-05, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- E•••• Jill Dinerman (Global Corporate Secretary) appeared on Schedule A of B•••••• L••Mar 30, 2020 · Control person joined · fact
- John Paul Thompson (Chief Financial Officer, Chief Operating Officer, Head Of Global Investment Services And Managing Director) no longer on Schedule A of B•••••• L•• (listed 2019-09-05, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- Louis Patrick Hoefling (Chief Financial Officer) appeared on Schedule A of B•••••• L••Mar 30, 2020 · Control person joined · fact
- Cheryl Kraus (Chief Communications Officer) appeared on Schedule A of B•••••• L••Mar 30, 2020 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- Barings · Independent Sponsorsshared crd · capital_provider
- B•••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- H••••://WWW.LINKEDIN.COM/COMPANY/B••••••reportedpublic record, Form ADV, Sep 18, 2026
- Website
- H••••://WWW.B••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 704-805-7200reportedpublic record, Form ADV, Aug 11, 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
Across the graphs
B•••••• L•• is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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