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•• A•••• M••••••••• C••••

Other adviserChicago, IllinoisCRD 106466SEC 801-35533IAPD
Latest filing Jul 2, 2026
First filing on the tape Mar 29, 2012 · 73 filings
SEC status approved since Nov 17, 1989
RAUM
$6.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$6.2B
derived; firm RAUM over IAPD count
Employees
5
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
16
reported on Schedule D
History
73 filings and snapshots on the tape
RAUM$6.2B as of Jul 2, 2026
Mar 29, 2012$14B then
HNW client RAUM$457M as of Mar 29, 2021
Mar 30, 2018$599M then
State-registered IARs (5.B.3)1 as of Jul 2, 2026
Apr 1, 201343 then
Employees (5.A)5 as of Jul 2, 2026
Apr 1, 2013203 then
Private funds16 as of Jul 2, 2026
Apr 1, 20137 then
RAUM +19% over the last fiscal year+9.2% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Jul 2, 2026; every figure names its basis
Archetypes, each a printed rule
  • b••• affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$6.2BderivedRAUM 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
$294MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
18%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
5.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+19%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 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
Ownership
a bank, bancorp or trust company is a 50 percent or greater ownerderived
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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$3.4B56%
  • Corporations and businesses$1.7B27%
  • Insurance companies$1.1B18%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
21reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.56 institutional_share=0.18 related_bd=true related_bank=true bd_reps=1.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
D••• A•••• F•••••Chicago, IlFeb 1, 202127 y5
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
27 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
B•• S••••••••• L•••••• F•••• L••no longer reportedLiquidity Fund$2.7B26Mar 13, 2012
S••••••••• L•••••• F••• L••no longer reportedLiquidity Fund$1.8B30Mar 30, 2020
G•••• L•••• C•• V•• L••Securitized Asset Fund$387M15Mar 31, 2022
G•••• L•••• C•• 2••••• L•••no longer reportedSecuritized Asset Fund$352M0Mar 31, 2015
G•••• L•••• 2••••• C••Securitized Asset Fund$329M15Mar 30, 2020
G•••• L•••• C•• 2••••• L•••no longer reportedSecuritized Asset Fund$328M0Apr 29, 2013
G•••• L•••• C•• V• L••Securitized Asset Fund$303M15Mar 31, 2022
G•••• L•••• C•• 2••••• L•••no longer reportedSecuritized Asset Fund$300M0Mar 28, 2016
G•••• L•••• K•••• F••• I••• L••Other Private Fund$243M3Mar 31, 2022
G•••• L•••• 2•••••Securitized Asset Fund$212M15Mar 30, 2020
G•••• L•••• 2••••• C••Securitized Asset Fund$190M15Mar 30, 2020
G•••• L•••• F••• I•• L••Other Private Fund$123M2Mar 29, 2021
C••• P••• F•••• I•••••• L••no longer reportedOther Private Fund$85.7M2Mar 30, 2020
C••• F•••• I•••••• L••no longer reportedOther Private Fund$50.0M5Mar 30, 2020
R••• A••••• A••••• F•••no longer reportedHedge Fund$40.8M36Feb 5, 2013
G••••• L•• V••••••••• E••••• F••• L••no longer reportedOther Private Fund$32.1M5Mar 31, 2017
S••••••••• L•••••• F••• I•• L••no longer reportedLiquidity Fund$28.3M3Mar 30, 2020
R•••••• I••••••••• F••• L•no longer reportedOther Private Fund$23.9M53Mar 13, 2012
S•••• T••• B••• L••no longer reportedOther Private Fund$10.4M1Mar 30, 2020
D••••••••• L•••• C•• G••••• E•••••• L••no longer reportedOther Private Fund$7.9M1Mar 30, 2020
D••••••••• R••• E••••• I••••• F••• L•no longer reportedReal Estate Fund$3.8M9Mar 13, 2012
R••••••••• E••••••• M•••••• E••••• E•• F••• L••Other Private Fund$457,8312Mar 30, 2020
M•• T••••••••• M••••••••• F•••• L•no longer reportedHedge Fund$210,72614Mar 13, 2012
M•• M••••••••• F•••• L•no longer reportedHedge Fund$187,10328Mar 13, 2012
I••••••••• P••••••• F••• I••• L•no longer reportedPrivate Equity Fund$176,11616Mar 13, 2012
I••••••••• P••••••• F••• I••• L•Other Private Fund$21,38016Sep 11, 2023
I••••••••• P••••••• F••• I• L•no longer reportedPrivate Equity Fund$00Mar 13, 2012
Owners and control persons
Schedule A and B, latest filing
  • C••••••• J••••• M•••• · Directorcontrol
    since 01/2023 · owns less than 5%
  • D•••• J••••• P•••••• · Directorcontrol
    since 01/2023 · owns less than 5%
  • F•••••• D•••• A•••• · Chief Compliance Officercontrol
    since 01/2023 · owns less than 5%
  • L•••• G•••••• P•••••• · Chief Financial Officercontrol
    since 11/2023 · owns less than 5%
  • M••••••• M••••••• A••••• · President And Chaircontrol
    since 03/2022 · owns less than 5%
  • W•••••••• P•••••••• B••• · Directorcontrol
    since 10/2023 · owns less than 5%
Entity owners
  • B•• F•••••••• C•••• · Sole Shareholder Of B•• A•••• M••••••••• C••••
    direct · owns 75% or more
  • B••• O• M••••••• · Shareholder
    indirect · owns 75% or more of B•• F•••••••• C•••• · public reporting company
Related persons
Schedule D 7.A
Advisers that list B•• A•••• M••••••••• C•••• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Milwaukee, Wi000
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • p•••••• fund count surgeChange between filings · filing Apr 24, 2026
    private funds (Schedule D 7.B.1) moved from 10.0 to 16.0 (+60.0%) between the annual amendments of 2025-03-31 and 2026-04-24; the peer median change was 0.0% (49 comparable advisers, 98.0th percentile of changes)
    peers: other advisers, $5B to $20B (49) · 98% percentile
What changed
consecutive filings, newest first
  • Accounts · 16 to 21
    Dec 3, 2025 to Mar 31, 2026
  • Advisory employees · 3 to 4
    Dec 3, 2025 to Mar 31, 2026
  • Corporate clients · 3.0 to unset
    Dec 3, 2025 to Mar 31, 2026
  • Pooled vehicle clients · 10 to 16
    Dec 3, 2025 to Mar 31, 2026
  • Employees · 4 to 5
    Dec 3, 2025 to Mar 31, 2026
  • Private funds · 10 to 16
    Dec 3, 2025 to Mar 31, 2026
  • Discretionary RAUM · $5.2B to $6.2B
    Dec 3, 2025 to Mar 31, 2026
  • Pooled vehicle RAUM · $2.4B to $3.4B
    Dec 3, 2025 to Mar 31, 2026
  • RAUM · $5.2B to $6.2B
    Dec 3, 2025 to Mar 31, 2026
  • Financial planning clients · 0 to 0
    Mar 31, 2025 to May 15, 2025
  • Discretionary RAUM · $4.2B to $5.2B
    Nov 8, 2024 to Mar 31, 2025
  • Pooled vehicle RAUM · $1.8B to $2.4B
    Nov 8, 2024 to Mar 31, 2025
  • RAUM · $4.2B to $5.2B
    Nov 8, 2024 to Mar 31, 2025
  • Related bank · false to true
    Nov 8, 2024 to Mar 31, 2025
  • Accounts · 15 to 16
    Nov 8, 2024 to Mar 31, 2025
  • Advisory employees · 4 to 3
    Nov 8, 2024 to Mar 31, 2025
  • Pooled vehicle clients · 9 to 10
    Nov 8, 2024 to Mar 31, 2025
  • Assets in custody · $21,380 to $0
    Nov 8, 2024 to Mar 31, 2025
  • Custody of client assets · true to false
    Nov 8, 2024 to Mar 31, 2025
  • Employees · 5 to 4
    Nov 8, 2024 to Mar 31, 2025
  • Private funds · 9 to 10
    Nov 8, 2024 to Mar 31, 2025
  • Advisory employees · 3 to 4
    Dec 12, 2023 to Mar 28, 2024
  • BD registered reps · 0 to 1
    Dec 12, 2023 to Mar 28, 2024
  • Corporate clients · 5 to 3
    Dec 12, 2023 to Mar 28, 2024
  • Assets in custody · unset to 21380.0
    Dec 12, 2023 to Mar 28, 2024
  • Custody of client assets · false to true
    Dec 12, 2023 to Mar 28, 2024
  • State-registered IARs · 0 to 1
    Dec 12, 2023 to Mar 28, 2024
  • Other offices · 1 to 0
    Dec 12, 2023 to Mar 28, 2024
  • Discretionary RAUM · $4.6B to $4.2B
    Dec 12, 2023 to Mar 28, 2024
  • Pooled vehicle RAUM · $1.9B to $1.8B
    Dec 12, 2023 to Mar 28, 2024
  • RAUM · $4.6B to $4.2B
    Dec 12, 2023 to Mar 28, 2024
  • Accounts · 13 to 15
    Aug 15, 2023 to Sep 11, 2023
  • Corporate clients · 7 to 5
    Aug 15, 2023 to Sep 11, 2023
  • Pooled vehicle clients · 5 to 9
    Aug 15, 2023 to Sep 11, 2023
  • Private funds · 5 to 9
    Aug 15, 2023 to Sep 11, 2023
  • Discretionary RAUM · $4.7B to $4.6B
    Aug 15, 2023 to Sep 11, 2023
  • Pooled vehicle RAUM · $1.6B to $1.9B
    Aug 15, 2023 to Sep 11, 2023
  • RAUM · $4.7B to $4.6B
    Aug 15, 2023 to Sep 11, 2023
  • Accounts · 15 to 13
    Feb 17, 2023 to Mar 27, 2023
  • Corporate clients · 4 to 7
    Feb 17, 2023 to Mar 27, 2023
Signals
39 dated events
  • P•••••• G••••• L••• (Chief Financial Officer) appeared on Schedule A of B•• A•••• M••••••••• C••••
    Mar 28, 2024 · Control person joined · fact
  • J••••• J•••• P•••••• left B•• A•••• M••••••••• C•••• for E••••••• F•••••••• L•• (registered 2023-11-08)
    Dec 12, 2023 · Advisor changed firm · fact
  • B••• P••••••• W••••••• (Director) appeared on Schedule A of B•• A•••• M••••••••• C••••
    Nov 17, 2023 · Control person joined · fact
  • Rayman Stephen Isaacs (Director) no longer on Schedule A of B•• A•••• M••••••••• C•••• (listed 2023-03-29, absent 2023-06-02)
    Jun 2, 2023 · Control person left · inference
  • P•••••• J•••• D••• (Director) appeared on Schedule A of B•• A•••• M••••••••• C••••
    Mar 27, 2023 · Control person joined · fact
  • Rayman Stephen Isaacs (Director) appeared on Schedule A of B•• A•••• M••••••••• C••••
    Mar 27, 2023 · Control person joined · fact
  • M•••• J•••• C•••••• (Director) appeared on Schedule A of B•• A•••• M••••••••• C••••
    Mar 27, 2023 · Control person joined · fact
  • J•••••• Steven Arquilla (Director) no longer on Schedule A of B•• A•••• M••••••••• C•••• (listed 2023-02-17, absent 2023-03-27)
    Mar 27, 2023 · Control person left · inference
  • Allan Dean Folias (Chief Compliance Officer) appeared on Schedule A of B•• A•••• M••••••••• C••••
    Jan 10, 2023 · Control person joined · fact
  • Dragan Lazich (Chief Compliance Officer) no longer on Schedule A of B•• A•••• M••••••••• C•••• (listed 2023-01-03, absent 2023-01-10)
    Jan 10, 2023 · Control person left · inference
  • N••••• C•••• S•••••• left B•• A•••• M••••••••• C•••• for L•• F•••••••• L•• (registered 2022-01-06)
    Jun 14, 2022 · Advisor changed firm · fact
  • B••••••• D•••••• J•••• left B•• A•••• M••••••••• C•••• for F••••••• P•••••••• I••• (registered 2024-03-28)
    Apr 12, 2022 · Advisor changed firm · fact
  • Gilles Ouellette (Director) no longer on Schedule A of B•• A•••• M••••••••• C•••• (listed 2021-11-18, absent 2022-03-31)
    Mar 31, 2022 · Control person left · inference
  • Ann S•••••••• L••• (Chief Financial Officer) no longer on Schedule A of B•• A•••• M••••••••• C•••• (listed 2021-11-18, absent 2022-03-31)
    Mar 31, 2022 · Control person left · inference
  • Ernesto Ramos (Chief Investment Officer) no longer on Schedule A of B•• A•••• M••••••••• C•••• (listed 2021-11-18, absent 2022-03-31)
    Mar 31, 2022 · Control person left · inference
  • Lynne Kristi Mitchem (Director) no longer on Schedule A of B•• A•••• M••••••••• C•••• (listed 2021-11-18, absent 2022-03-31)
    Mar 31, 2022 · Control person left · inference
  • B•• A•••• M••••••••• C•••• reported 0 state-registered advisory representatives, down from 25 (2021-11-18 to 2022-03-31)
    Mar 31, 2022 · Advisor headcount change · derived
  • B•• A•••• M••••••••• C•••• reported RAUM $4.3B, down 88% from $35.3B (2021-11-18 to 2022-03-31)
    Mar 31, 2022 · RAUM change · derived
  • J•••• W•••• J••••• left B•• A•••• M••••••••• C•••• for S••••••••• W••••• L•• (registered 2022-01-03)
    Feb 4, 2022 · Advisor changed firm · fact
  • M•••••• E• B•••••• left B•• A•••• M••••••••• C•••• for C••••••• M••••••••• I••••••••• A•••••••• L•• (registered 2022-01-28)
    Feb 4, 2022 · Advisor changed firm · fact
  • E••• K••••• left B•• A•••• M••••••••• C•••• for D••• I••••••••• L•• (registered 2022-03-09)
    Feb 4, 2022 · Advisor changed firm · fact
  • T••••• L•• P••••• left B•• A•••• M••••••••• C•••• for L•• F•••••••• L•• (registered 2024-12-09)
    Feb 4, 2022 · Advisor changed firm · fact
  • C••••••••• L••••• B••••• left B•• A•••• M••••••••• C•••• for M••••• A••••••• S•••••••• I••• (registered 2023-01-24)
    Feb 4, 2022 · Advisor changed firm · fact
  • T••••• L••• W••••••••• left B•• A•••• M••••••••• C•••• for M•••••• I••••••••• A•••••••• L•• (registered 2025-04-30)
    Feb 4, 2022 · Advisor changed firm · fact
  • B•• A•••• M••••••••• C•••• reported 25 state-registered advisory representatives, up from 8 (2021-01-05 to 2021-03-29)
    Mar 29, 2021 · Advisor headcount change · derived
  • Charles Darren Mcmillan (Chief Compliance Officer) no longer on Schedule A of B•• A•••• M••••••••• C•••• (listed 2020-06-15, absent 2021-01-05)
    Jan 5, 2021 · Control person left · inference
  • Raymond Steve Ilott (Chief Investment Officer) no longer on Schedule A of B•• A•••• M••••••••• C•••• (listed 2020-06-15, absent 2021-01-05)
    Jan 5, 2021 · Control person left · inference
  • Dragan Lazich (Chief Compliance Officer) appeared on Schedule A of B•• A•••• M••••••••• C••••
    Jan 5, 2021 · Control person joined · fact
  • Ernesto Ramos (Chief Investment Officer) appeared on Schedule A of B•• A•••• M••••••••• C••••
    Jan 5, 2021 · Control person joined · fact
  • Charles Darren Mcmillan (Chief Compliance Officer) appeared on Schedule A of B•• A•••• M••••••••• C••••
    Jun 15, 2020 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Principal office phone
312-461-4002reportedpublic record, Form ADV, Jul 2, 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
$6.2Bderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026
Across the graphs

B•• A•••• M••••••••• C•••• 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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