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

A•••••• A•••• M•••••••••

Other adviserBoston, MassachusettsCRD 106609SEC 801-28078websiteIAPD
Legal name A•••••• A•••• M••••••••• L••
Latest filing Aug 10, 2026
First filing on the tape Jan 31, 2012 · 60 filings
SEC status approved since Oct 10, 1986
RAUM
$177B
reported, Item 5.F
Discretionary
99%
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
375
125 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
47
reported on Schedule D
History
60 filings and snapshots on the tape
RAUM$177B as of Aug 10, 2026
Mar 30, 2012$42B then
HNW client RAUM$0 as of Aug 10, 2026
Mar 28, 2018$0 then
State-registered IARs (5.B.3)0 as of Aug 10, 2026
Mar 28, 20130 then
Employees (5.A)375 as of Aug 10, 2026
Mar 28, 2013200 then
Private funds47 as of Aug 10, 2026
Mar 30, 201225 then
RAUM +51% over the last fiscal year+24% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Aug 10, 2026; 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
$498MderivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
34%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
+51%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 vehicles, portfolio management for investment companies, otherreportedItem 5.G
Custody
$24B, 41 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$65B47%
  • State and municipal entities$40B30%
  • Investment companies$11B8.4%
  • Sovereign wealth funds$7.5B5.5%
  • Charitable organizations$7.2B5.3%
  • Pension and profit-sharing plans$5.7B4.1%
  • Corporations and businesses$111M0.1%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
27reported
Charitable clients
27reported
Accounts
356reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$24B for 41 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.43 institutional_share=0.34 related_bd=false related_bank=true bd_reps=20.0derived
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
      58 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      A•••••• I••••••••• S•••• C•• F••• A• S••••••• S••••• O• A•••••• I••••••••• F•••• L••Other Private Fund$2.3B90Jan 31, 2012
      A•••••• E••••••• M•••••• S•••• C•• E••••• F••• L••Other Private Fund$2.0B83Jan 31, 2012
      A•••••• A•• C•••••• W•••• E•••• F••• A• S••••••• S••••• O• A•••••• I••••••••• F•••• L••Other Private Fund$1.7B36Jan 31, 2012
      A•••••• E••••••• M•••••• E••••• I• F••• L••Other Private Fund$1.5B44Jan 31, 2012
      A•••••• E••••••• M•••••• E••••• F••• A• S••••••• S••••• O• A•••••• I••••••••• F•••• L••Other Private Fund$1.5B49Jan 31, 2012
      A•••••• G••••• M•••••• V••••••••• E••••• F•••• L••Other Private Fund$1.4B61Jan 31, 2012
      A•••••• I••••••••• A•• C•• F••• A• S••••••• S••••• O• A•••••• I••••••••• F•••• L••Other Private Fund$640M22Jan 31, 2012
      A•••••• N••••• A•• C•• E••••• F••••••• H•••••••••Other Private Fund$594M23Aug 26, 2015
      A•••••• N••••• S•••• C•• E••••• E•••••••• F••• L••Hedge Fund$593M9Feb 23, 2016
      A•••••• M••••••••• A••••••• R••••• 6• M••••• F•••Hedge Fund$487M1Jul 28, 2017
      A•••••• A•• C•••••• W•••• E•••• S•••• C•• F••• L••Other Private Fund$435M11Feb 27, 2015
      A•••••• U• M••••••• E••••• F•••• L••Other Private Fund$431M18May 14, 2015
      A•••••• N••••• M••••••• E••••• F•••• L••Other Private Fund$355M20May 14, 2015
      A•••••• I••••••••• E••••• F•••Other Private Fund$333M10Jan 31, 2012
      A•••••• E••••••• M•••••• M•••••••• E••••• M••••• F•••Other Private Fund$309M2Nov 12, 2021
      A•••••• M••••••••• A••••••• R••••• 1•• M••••• F•••Hedge Fund$254M2May 8, 2020
      A•••••• G••••• L•••••••• M••••• N•••••• M••••• F•••no longer reportedHedge Fund$189M3Jan 31, 2012
      A•••••• M••••••••• M••••• F•••Hedge Fund$177M2Feb 8, 2023
      A•••••• B••• M•••• S••••••• F•••no longer reportedHedge Fund$155M1May 16, 2018
      A•••••• S••••••••• E••••••• M•••••• E••••• E•••••••• F••• F•••Other Private Fund$141M13May 16, 2017
      A•••••• F••••••• M•••••• E••••• F••• A• S••••••• S••••• O• A•••••• I••••••••• F•••• L••Other Private Fund$136M15Jan 31, 2012
      A•••••• A•• C•••••• W•••• M•••••• V••••••••• E••••• F•••Other Private Fund$135M5May 16, 2017
      A•••••• S••••••••• G••••• E••••• F•••• L••Other Private Fund$117M2Sep 23, 2022
      A•••••• E••••••• M•••••• S•••••••• L••••••••• F•••• L••no longer reportedHedge Fund$97.2M1May 14, 2015
      A•••••• C••••••••• A••••••• R••••• M••••• F•••Hedge Fund$92.1M1May 8, 2020
      A•••••• G••••• E••••• F••• S••••••• S••••• O• A•••••• I••••••••• F•••• L••Other Private Fund$85.8M5Jan 31, 2012
      A•••••• E••••••• M•••••• M•••••• V••••••••• E••••• F•••• L••Other Private Fund$81.6M5Aug 26, 2015
      A•••••• E••••••• M•••••• F•••••• A•••• E••••• F•••• L••Other Private Fund$76.9M4Aug 26, 2024
      A•••••• G••••• L•••••••• M••••• N•••••• F••• L•no longer reportedHedge Fund$68.4M2Feb 27, 2015
      A•••••• T•• A•••• E••••••• M•••••• F••• L••no longer reportedOther Private Fund$61.7M5Mar 21, 2014
      A•••••• E••••••• M•••••• E••••••• E••••• M••••• F•••Other Private Fund$55.6M1Nov 16, 2023
      A•••••• E••••••• M•••••• S•••••••• L••• S•••• E••••• I• F•••no longer reportedHedge Fund$53.4M1Aug 13, 2018
      A•••••• H••••• A•••• E••••• M••••• F•••no longer reportedHedge Fund$52.5M3Nov 6, 2019
      A•••••• M•••• A•••• A••••••• R••••• 1•• M••••• F•••no longer reportedHedge Fund$48.4M1Feb 17, 2021
      A•••••• E••••••• M•••••• L•••• D••• F•••no longer reportedOther Private Fund$38.2M10Jan 31, 2012
      A•••••• U••• M•••••• V••••••••• E••••• F••• L••Other Private Fund$38.2M7Jan 31, 2012
      A•••••• J••••••• E••••• F••• A• S••••••• S••••• O• T•• O••• I••••••••• F•••• L••no longer reportedOther Private Fund$29.5M13Jan 31, 2012
      A•••••• C•••• A• S••••• E••••• M••••• F•••Other Private Fund$25.9M1May 16, 2018
      A•••••• G••••• E••••• A••••••• R••••• F•••• L••Hedge Fund$24.1M12Jan 31, 2012
      A•••••• G••••• A••••••• R••••• B••• M••••• F•••no longer reportedHedge Fund$23.6M1Mar 21, 2014
      All funds of A•••••• A•••• M•••••••••
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••• B••••••• O•••••• · Cio, Managercontrol
        since 01/2019 · owns less than 5%
      • C••••••• C••••••••• M•••• · Svp, Chief Financial Officercontrol
        since 01/2020 · owns less than 5%
      • D•••• S••••• P•••• · Svp, Chief Compliance Officer, General Counselcontrol
        since 12/2007 · owns less than 5%
      • H•••• R••••••• J••••••• · Managercontrol
        since 04/2020 · owns less than 5%
      • H••••• H••••••• M••••• · Managercontrol
        since 03/2023 · owns less than 5%
      • N•••• T•••••••• W• · Chief M•••••Ing Officer, Managercontrol
        since 02/2024 · owns less than 5%
      • R•••• S•••••••• S• · Managercontrol
        since 02/2019 · owns less than 5%
      • V•••••••• A•••••••• · Manager, Deputy Chief Investment Officercontrol
        since 03/2024 · owns less than 5%
      • Y••••• K••••••••• L••••• · Chief Executive Officer, Managercontrol
        since 12/2023 · owns less than 5%
      Entity owners
      • A•••••• K••• L• · Sole Holder Of Class B Interests Of The Registrant
        direct · owns 75% or more
      • B••••••••• A•••••••• H••••••• L•• · Sole Holder Of Class A Interests Of The Registrant
        direct · owns 75% or more
      • A•••••• K••• G• L•• · General Partner Of A•••••• K••• L•
        indirect · owns F of A•••••• K••• L•
      • B••••••••• I••• · Sole Member Of B••••••••• A•••••••• H••••••• L••
        indirect · owns 75% or more of B••••••••• A•••••••• H••••••• L••
      • B••••••••• I••••••••• G•••• I•• · Sole Shareholder Of B••••••••• I•••
        indirect · owns 75% or more of B••••••••• I••• · public reporting company
      Related persons
      Schedule D 7.A
      • A•••••• A•••• M••••••••• ••••••••• P•• L••
        investment advisery
      • A•••••• A•••• M••••••••• ••• L••••••
        investment advisery
      • A•••••• A•••• M••••••••• A•••••••• L••
        investment advisery
      • B••••••••• F••• M••••••••• C••••••
        pooled vehicle sponsorn
      Advisers that list A•••••• A•••• M••••••••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM up 50 %Change between filings · filing Mar 26, 2026
        RAUM (Item 5.F) moved from $117,297,475,194 to $177,464,258,309 (+51.0%) between the annual amendments of 2025-03-26 and 2026-03-26; the peer median change was +11.0% (113 comparable advisers, 93.0th percentile of changes)
        peers: other advisers, $20B and over (113) · 93% percentile
      What changed
      consecutive filings, newest first
      • Private funds · 43 to 47
        Jul 1, 2026 to Aug 10, 2026
      • Private funds · 41 to 43
        Mar 26, 2026 to May 5, 2026
      • Accounts · 316 to 356
        Nov 6, 2025 to Mar 26, 2026
      • Advisory employees · 130 to 125
        Nov 6, 2025 to Mar 26, 2026
      • BD registered reps · 17 to 20
        Nov 6, 2025 to Mar 26, 2026
      • Charity clients · 21 to 27
        Nov 6, 2025 to Mar 26, 2026
      • Pension plan clients · 29 to 27
        Nov 6, 2025 to Mar 26, 2026
      • Pooled vehicle clients · 126 to 148
        Nov 6, 2025 to Mar 26, 2026
      • Assets in custody · $17B to $24B
        Nov 6, 2025 to Mar 26, 2026
      • Employees · 363 to 375
        Nov 6, 2025 to Mar 26, 2026
      • Private funds · 42 to 41
        Nov 6, 2025 to Mar 26, 2026
      • Discretionary RAUM · $115B to $175B
        Nov 6, 2025 to Mar 26, 2026
      • Non-discretionary RAUM · $1.9B to $2.3B
        Nov 6, 2025 to Mar 26, 2026
      • Pension RAUM · $5.4B to $5.7B
        Nov 6, 2025 to Mar 26, 2026
      • Pooled vehicle RAUM · $42B to $65B
        Nov 6, 2025 to Mar 26, 2026
      • RAUM · $117B to $177B
        Nov 6, 2025 to Mar 26, 2026
      • Private funds · 38 to 42
        May 20, 2025 to Nov 6, 2025
      • Financial planning clients · unset to
        Mar 26, 2025 to May 20, 2025
      • Private funds · 37 to 38
        Mar 26, 2025 to May 20, 2025
      • Accounts · 292 to 316
        Feb 11, 2025 to Mar 26, 2025
      • BD registered reps · 16 to 17
        Feb 11, 2025 to Mar 26, 2025
      • Charity clients · 20 to 21
        Feb 11, 2025 to Mar 26, 2025
      • Corporate clients · 5 to 2
        Feb 11, 2025 to Mar 26, 2025
      • Pension plan clients · 23 to 29
        Feb 11, 2025 to Mar 26, 2025
      • Pooled vehicle clients · 119 to 126
        Feb 11, 2025 to Mar 26, 2025
      • Assets in custody · $16B to $17B
        Feb 11, 2025 to Mar 26, 2025
      • Employees · 364 to 363
        Feb 11, 2025 to Mar 26, 2025
      • Discretionary RAUM · $101B to $115B
        Feb 11, 2025 to Mar 26, 2025
      • Non-discretionary RAUM · $561M to $1.9B
        Feb 11, 2025 to Mar 26, 2025
      • Pension RAUM · $3.2B to $5.4B
        Feb 11, 2025 to Mar 26, 2025
      • Pooled vehicle RAUM · $37B to $42B
        Feb 11, 2025 to Mar 26, 2025
      • RAUM · $102B to $117B
        Feb 11, 2025 to Mar 26, 2025
      • Private funds · 33 to 37
        Jan 13, 2025 to Feb 11, 2025
      • Private funds · 32 to 33
        Aug 26, 2024 to Nov 25, 2024
      • Private funds · 33 to 32
        Mar 26, 2024 to Aug 26, 2024
      • Accounts · 255 to 292
        Feb 14, 2024 to Mar 26, 2024
      • BD registered reps · 18 to 16
        Feb 14, 2024 to Mar 26, 2024
      • Charity clients · 21 to 20
        Feb 14, 2024 to Mar 26, 2024
      • Corporate clients · 7 to 5
        Feb 14, 2024 to Mar 26, 2024
      • Pension plan clients · 31 to 23
        Feb 14, 2024 to Mar 26, 2024
      Signals
      24 dated events
      • A•••••• A•••• M••••••••• reported RAUM $177.5B, up 51% from $117.3B (2025-11-06 to 2026-03-26)
        Mar 26, 2026 · RAUM change · derived
      • W. Theodore Noon (Chief Marketing Officer, Manager) appeared on Schedule A of A•••••• A•••• M•••••••••
        Feb 9, 2024 · Control person joined · fact
      • A•••••••• V••••••• (Manager) appeared on Schedule A of A•••••• A•••• M•••••••••
        Feb 9, 2024 · Control person joined · fact
      • Allen Ross Dowd (Ceo, Manager) no longer on Schedule A of A•••••• A•••• M••••••••• (listed 2023-11-16, absent 2024-01-08)
        Jan 8, 2024 · Control person left · inference
      • M••••• H•••••• H•••• (Manager) appeared on Schedule A of A•••••• A•••• M•••••••••
        Mar 30, 2023 · Control person joined · fact
      • Noah Elie Sugarman (Manager) no longer on Schedule A of A•••••• A•••• M••••••••• (listed 2023-02-08, absent 2023-03-30)
        Mar 30, 2023 · Control person left · inference
      • Robert John Chisholm (Co-Ceo, Manager) no longer on Schedule A of A•••••• A•••• M••••••••• (listed 2022-03-25, absent 2022-07-12)
        Jul 12, 2022 · Control person left · inference
      • Joseph Mark Minichiello (Evp, Chief Operating Officer, Treasurer, Secretary, Manager) no longer on Schedule A of A•••••• A•••• M••••••••• (listed 2021-11-12, absent 2022-01-31)
        Jan 31, 2022 · Control person left · inference
      • Guang Yang (Manager) no longer on Schedule A of A•••••• A•••• M••••••••• (listed 2020-03-27, absent 2020-05-08)
        May 8, 2020 · Control person left · inference
      • Jean Francois Cohas (Manager) no longer on Schedule A of A•••••• A•••• M••••••••• (listed 2020-03-27, absent 2020-05-08)
        May 8, 2020 · Control person left · inference
      • Jonathan Richard Hart (Manager) appeared on Schedule A of A•••••• A•••• M•••••••••
        May 8, 2020 · Control person joined · fact
      • Noah Elie Sugarman (Manager) appeared on Schedule A of A•••••• A•••• M•••••••••
        May 8, 2020 · Control person joined · fact
      • Jean Francois Cohas (Manager) appeared on Schedule A of A•••••• A•••• M•••••••••
        Mar 27, 2020 · Control person joined · fact
      • M•••• C•••••••• C•••••• (Svp, Chief Financial Officer) appeared on Schedule A of A•••••• A•••• M•••••••••
        Mar 27, 2020 · Control person joined · fact
      • Kelly Meghan Driscoll (Manager) no longer on Schedule A of A•••••• A•••• M••••••••• (listed 2019-11-06, absent 2020-03-27)
        Mar 27, 2020 · Control person left · inference
      • John Aidan Riordan (Manager) no longer on Schedule A of A•••••• A•••• M••••••••• (listed 2019-02-19, absent 2019-03-22)
        Mar 22, 2019 · Control person left · inference
      • L••••• K•••••••• Y•••• (Manager) appeared on Schedule A of A•••••• A•••• M•••••••••
        Mar 22, 2019 · Control person joined · fact
      • Elizabeth Duval Jennifer Souza (Manager) no longer on Schedule A of A•••••• A•••• M••••••••• (listed 2019-01-15, absent 2019-02-19)
        Feb 19, 2019 · Control person left · inference
      • Christopher Hadley (Manager) no longer on Schedule A of A•••••• A•••• M••••••••• (listed 2019-01-15, absent 2019-02-19)
        Feb 19, 2019 · Control person left · inference
      • Guang Yang (Manager) appeared on Schedule A of A•••••• A•••• M•••••••••
        Feb 19, 2019 · Control person joined · fact
      • S Surender Rana (Manager) appeared on Schedule A of A•••••• A•••• M•••••••••
        Feb 19, 2019 · Control person joined · fact
      • Kelly Meghan Driscoll (Manager) appeared on Schedule A of A•••••• A•••• M•••••••••
        Feb 19, 2019 · Control person joined · fact
      • Harold Stephen Belgrad (Manager) no longer on Schedule A of A•••••• A•••• M••••••••• (listed 2018-11-13, absent 2019-01-15)
        Jan 15, 2019 · Control person left · inference
      • A•••••• A•••• M••••••••• reported RAUM $96.8B, up 30% from $74.2B (2018-01-17 to 2018-03-28)
        Mar 28, 2018 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      acadian-inc.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      617-850-3500reportedpublic record, Form ADV, Aug 10, 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
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026