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

S••••• C•••••• M••••••••• L•••

Former SEC-registered adviserNew York, New YorkCRD 106297SEC 801-42753IAPD
Latest filing Jun 21, 2023
First filing on the tape Nov 25, 2011 · 57 filings
RAUM
$964M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
1.2%
$11.4M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
11
5 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
1
$2.3M gross assets
History
57 filings and snapshots on the tape
RAUM$964M as of Mar 29, 2023
Feb 10, 2012$1.2B then
HNW client RAUM$11.4M as of Mar 29, 2023
Mar 31, 2018$17,887 then
State-registered IARs (5.B.3)0 as of Mar 29, 2023
Mar 1, 20135 then
Employees (5.A)11 as of Mar 29, 2023
Mar 1, 201320 then
Private funds1 as of Mar 29, 2023
Feb 10, 20126 then
RAUM -50% over the last fiscal year-37% a year over threeIARs 0 to 0offices 3 to 2
Practice profile
derived from the filing of Jun 21, 2023; 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
$64.3MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
36%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
-50%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 individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, 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
  • 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$516M54%
  • State and municipal entities$343M36%
  • Pooled investment vehicles$93.8M9.7%
  • High-net-worth individuals$11.4M1.2%
Individual clients
0reported
HNW clients
n/areported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
15reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
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
Joined, latest
none on the tape
    Every departureEvery arrival
    Teams: two or more advisors moving together within fourteen days, from one state
      Teams outTeams in
      Private funds
      9 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S••••• M•••• F•••• L•••no longer reportedHedge Fund$542M47Feb 10, 2012
      S••••• G••••••••• F•••• I••••• F•••• L•••no longer reportedHedge Fund$59.1M2Feb 10, 2012
      S••••• O••••••••• M••••••• S••••••• F•••• L•••no longer reportedHedge Fund$55.9M1Feb 10, 2012
      U•• N•• H•••••• F•••• L•••no longer reportedHedge Fund$30.4M15Feb 10, 2012
      S••••• A••••••••• A•••• O••••••••• F•••• L•••no longer reportedHedge Fund$14.0M4Mar 30, 2017
      S••••• U• R••• O••••••••• R•••• I•••no longer reportedHedge Fund$12.5M108Feb 10, 2012
      U•• S•••••• A•••• A••••••••• F•••• L•••no longer reportedHedge Fund$2.6M3Jun 5, 2012
      S••••• C••••• O••••••••• F••• L•••Other Private Fund$2.3M2Mar 29, 2023
      S••••• A••••• M•• F•••• L•••no longer reportedHedge Fund$00Feb 10, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • P••••••• G••••••• A•••• · Chief Executive Officercontrol
        since 12/2010 · owns 10% to 25%
      • L•••••• R•••••• S••••• · Membercontrol
        since 05/1998 · owns 75% or more of R•• C•••••• L••
      • P••••••• G••••••• A•••• · Managing Membercontrol
        since 05/2010 · owns 75% or more of S••••• C•••••• P••••••• L••
      • P••••••• R••••••• D• · Managing Membercontrol
        since 07/2008 · owns 75% or more of R•• I• L••
      • L•••••••• K•••• W••••• · Chief Compliance Officer
        since 06/2023 · owns less than 5%
      • M•••••• T•••••• B••••••• · Chief Investment Officer
        since 03/2018 · owns less than 5%
      Entity owners
      • R•• I• L•• · Limited Partner
        direct · owns 25% to 50%
      • R•• C•••••• L•• · Limited Partner
        direct · owns 25% to 50%
      • S••••• C•••••• P••••••• L•• · General Partner
        direct · owns 5% to 10%
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      • Media, PA1 employees
      • Maitland, FL
      What changed
      consecutive filings, newest first
      • Accounts · 12 to 15
        Nov 3, 2022 to Mar 29, 2023
      • Advisory employees · 6 to 5
        Nov 3, 2022 to Mar 29, 2023
      • Pooled vehicle clients · 1 to 2
        Nov 3, 2022 to Mar 29, 2023
      • Employees · 14 to 11
        Nov 3, 2022 to Mar 29, 2023
      • Other offices · 3 to 2
        Nov 3, 2022 to Mar 29, 2023
      • Private funds · unset to 1
        Nov 3, 2022 to Mar 29, 2023
      • Discretionary RAUM · $1.9B to $964M
        Nov 3, 2022 to Mar 29, 2023
      • HNW RAUM · $20.2M to $11.4M
        Nov 3, 2022 to Mar 29, 2023
      • Pooled vehicle RAUM · $142M to $93.8M
        Nov 3, 2022 to Mar 29, 2023
      • RAUM · $1.9B to $964M
        Nov 3, 2022 to Mar 29, 2023
      • Accounts · 10 to 12
        Jun 14, 2021 to Mar 31, 2022
      • Employees · 17 to 14
        Jun 14, 2021 to Mar 31, 2022
      • Discretionary RAUM · $2.4B to $1.9B
        Jun 14, 2021 to Mar 31, 2022
      • HNW RAUM · $24.9M to $20.2M
        Jun 14, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $333M to $142M
        Jun 14, 2021 to Mar 31, 2022
      • RAUM · $2.4B to $1.9B
        Jun 14, 2021 to Mar 31, 2022
      • Accounts · 9 to 10
        Jul 9, 2020 to Mar 31, 2021
      • Advisory employees · 7 to 6
        Jul 9, 2020 to Mar 31, 2021
      • BD registered reps · 1 to 0
        Jul 9, 2020 to Mar 31, 2021
      • HNW clients · 0.0 to unset
        Jul 9, 2020 to Mar 31, 2021
      • Employees · 21 to 17
        Jul 9, 2020 to Mar 31, 2021
      • Other offices · 1 to 3
        Jul 9, 2020 to Mar 31, 2021
      • Private funds · 1 to unset
        Jul 9, 2020 to Mar 31, 2021
      • Discretionary RAUM · $3.9B to $2.4B
        Jul 9, 2020 to Mar 31, 2021
      • HNW RAUM · $0 to $24.9M
        Jul 9, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $542M to $333M
        Jul 9, 2020 to Mar 31, 2021
      • RAUM · $3.9B to $2.4B
        Jul 9, 2020 to Mar 31, 2021
      • HNW clients · 1 to 0
        Jun 12, 2020 to Jul 9, 2020
      • Accounts · 13 to 9
        Mar 29, 2019 to Mar 30, 2020
      • Advisory employees · 6 to 7
        Mar 29, 2019 to Mar 30, 2020
      • Corporate clients · 1 to 0
        Mar 29, 2019 to Mar 30, 2020
      • Pension plan clients · 1 to 0
        Mar 29, 2019 to Mar 30, 2020
      • Employees · 22 to 21
        Mar 29, 2019 to Mar 30, 2020
      • Discretionary RAUM · $2.9B to $3.9B
        Mar 29, 2019 to Mar 30, 2020
      • HNW RAUM · $17,887 to $0
        Mar 29, 2019 to Mar 30, 2020
      • Pension RAUM · 45103163.0 to unset
        Mar 29, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $162M to $542M
        Mar 29, 2019 to Mar 30, 2020
      • RAUM · $2.9B to $3.9B
        Mar 29, 2019 to Mar 30, 2020
      • Accounts · 10 to 13
        Mar 31, 2018 to Mar 29, 2019
      • Advisory employees · 9 to 6
        Mar 31, 2018 to Mar 29, 2019
      Signals
      8 dated events
      • Comer Stephen Ellwood (Chief Compliance Officer/Chief Operating Officer /Chief Legal Officer) no longer on Schedule A of S••••• C•••••• M••••••••• L••• (listed 2023-03-29, absent 2023-06-21)
        Jun 21, 2023 · Control person left · inference
      • S••••• C•••••• M••••••••• L••• reported RAUM $964.2M, down 50% from $1.9B (2022-11-03 to 2023-03-29)
        Mar 29, 2023 · RAUM change · derived
      • S••••• C•••••• M••••••••• L••• reported RAUM $2.4B, down 40% from $3.9B (2020-07-09 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • William Gregory Ellis (Member) no longer on Schedule A of S••••• C•••••• M••••••••• L••• (listed 2020-07-09, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • S••••• C•••••• M••••••••• L••• reported RAUM $3.9B, up 34% from $2.9B (2019-03-29 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • S••••• C•••••• M••••••••• L••• reported RAUM $2.9B, up 45% from $2.0B (2018-03-31 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      • Comer Stephen Ellwood (Chief Operating Officer And Chief Legal Officer) appeared on Schedule A of S••••• C•••••• M••••••••• L•••
        Mar 29, 2019 · Control person joined · fact
      • S••••• C•••••• M••••••••• L••• reported RAUM $2.0B, up 58% from $1.3B (2017-03-30 to 2018-03-31)
        Mar 31, 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.
      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