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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

SEC-registered adviser

U••••• I••••••••• A•••••••• I•••

Asset manager (funds and pooled vehicles)Bethesda, MarylandCRD 106628SEC 801-36371websiteIAPD
Latest filing Aug 4, 2026
First filing on the tape Mar 29, 2012 · 43 filings
SEC status approved since Apr 20, 1990
RAUM
$14B
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
92
58 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
9
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$14B as of Aug 4, 2026
Mar 29, 2012$1.3B then
HNW client RAUM$0 as of Aug 4, 2026
Mar 29, 2018$0 then
State-registered IARs (5.B.3)0 as of Aug 4, 2026
Mar 27, 20130 then
Employees (5.A)92 as of Aug 4, 2026
Mar 27, 201326 then
Private funds9 as of Aug 4, 2026
Mar 29, 20126 then
RAUM +9.2% over the last fiscal year+10% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Aug 4, 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
$557MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
5.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived6 offices incl. principal (1.F.5)
RAUM growth, one year
+9.2%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 assetsreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
Custody
yesreportedItem 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$13B94%
  • Pension and profit-sharing plans$531M3.8%
  • Insurance companies$224M1.6%
  • Banks and thrifts$117M0.8%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
10reported
Charitable clients
0reported
Accounts
25reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=0.94 institutional_share=0.05 related_bd=true related_bank=true bd_reps=21.0derived
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
      13 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      U••••• I••••••••• T••••••••• F•••• L•••Private Equity Fund$4.9B270Mar 29, 2012
      U••••• I••••••••• T•••••• F•••• L•••Private Equity Fund$703M23Mar 27, 2013
      U••••• D••••••••• I••••••••• E••••• F•••• L••Other Private Fund$680M16Mar 29, 2012
      T•• U•••• L•••• L••• I•••••••• C•••••• S••••••• A•••••• W•Other Private Fund$400M59Mar 29, 2024
      U••••• I••••••••• M••••• F•••• L•••no longer reportedPrivate Equity Fund$287M28Mar 27, 2013
      T•• U•••• L•••• L••• I•••••••• C•••••• S••••••• A•••••• R•Other Private Fund$199M13Mar 29, 2024
      U••••• I••••••••• S•••• C•• F•••• L•••Other Private Fund$90.6M2Mar 29, 2012
      T•• U•••• L•••• L••• I•••••••• C•••••• S••••••• A•••••• C•Other Private Fund$39.9M9Mar 29, 2024
      U••••• I••••••••• G•••• T••••no longer reportedOther Private Fund$17.6M4Mar 29, 2012
      U••••• D••••••••• S••• C•• F•••• L•••no longer reportedOther Private Fund$5.6M1Mar 29, 2012
      U•••• A••••••••• S••••••••• F••• L•••no longer reportedHedge Fund$1.0M1Mar 29, 2012
      T•• U•••• L•••• L••• I•••••••• C•••••• S••••••• A•••••• T•Other Private Fund$606,9472Mar 29, 2024
      U••••• V•••••••• R••• E••••• F••• I• L•••Real Estate Fund$00Jul 21, 2023
      Owners and control persons
      Schedule A and B, latest filing
      • D•••••• H•••• J•••• · Sr. Vice President, R••• E••••• Equity Fundcontrol
        since 06/2023 · owns less than 5%
      • H••••• P••••• T• · Sr. Vice Presidentcontrol
        since 01/2024 · owns less than 5%
      • H•••••••• C••••• A•• · Director, Chief Operating Officercontrol
        since 01/2012 · owns less than 5%
      • K•••••• H•••••• · Director, Sr. Vice Presidentcontrol
        since 02/2011 · owns less than 5%
      • L•••••••• R••••••• F•••••• · Chief Compliance Officercontrol
        since 07/2011 · owns less than 5%
      • L••••••• J•••••• R•••••• · President, Directorcontrol
        since 08/2011 · owns less than 5%
      • S••••• K••••••• D••••• · Directorcontrol
        since 08/2017 · owns less than 5%
      • Y•• Y•••• · Chief Financial Officer, Secretary, Treasurer, Directorcontrol
        since 02/2024 · owns less than 5%
      Entity owners
      • U••••• I••• · Beneficial Owner
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      • Chicago, IL16 employees
      • Chapel Hill, NC9 employees
      • New York, NY3 employees
      • Washington, DC2 employees
      • Newport Beach, CA2 employees
      What changed
      consecutive filings, newest first
      • HQ city · SILVER SPRING to BETHESDA
        Mar 31, 2026 to Aug 4, 2026
      • Accounts · 24 to 25
        Mar 29, 2025 to Mar 31, 2026
      • Advisory employees · 53 to 58
        Mar 29, 2025 to Mar 31, 2026
      • BD registered reps · 18 to 21
        Mar 29, 2025 to Mar 31, 2026
      • Pension plan clients · 9 to 10
        Mar 29, 2025 to Mar 31, 2026
      • Employees · 87 to 92
        Mar 29, 2025 to Mar 31, 2026
      • Discretionary RAUM · $13B to $14B
        Mar 29, 2025 to Mar 31, 2026
      • Pension RAUM · $398M to $531M
        Mar 29, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $12B to $13B
        Mar 29, 2025 to Mar 31, 2026
      • RAUM · $13B to $14B
        Mar 29, 2025 to Mar 31, 2026
      • Accounts · 18 to 24
        May 30, 2024 to Mar 29, 2025
      • Advisory employees · 45 to 53
        May 30, 2024 to Mar 29, 2025
      • Pension plan clients · 4 to 9
        May 30, 2024 to Mar 29, 2025
      • Pooled vehicle clients · 10 to 12
        May 30, 2024 to Mar 29, 2025
      • Employees · 83 to 87
        May 30, 2024 to Mar 29, 2025
      • Financial planning clients · unset to
        May 30, 2024 to Mar 29, 2025
      • Discretionary RAUM · $11B to $13B
        May 30, 2024 to Mar 29, 2025
      • Pension RAUM · $146M to $398M
        May 30, 2024 to Mar 29, 2025
      • Pooled vehicle RAUM · $11B to $12B
        May 30, 2024 to Mar 29, 2025
      • RAUM · $11B to $13B
        May 30, 2024 to Mar 29, 2025
      • Accounts · 19 to 18
        Jul 21, 2023 to Mar 29, 2024
      • Advisory employees · 41 to 45
        Jul 21, 2023 to Mar 29, 2024
      • BD registered reps · 15 to 18
        Jul 21, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 4 to 10
        Jul 21, 2023 to Mar 29, 2024
      • Employees · 72 to 83
        Jul 21, 2023 to Mar 29, 2024
      • Other offices · 4 to 5
        Jul 21, 2023 to Mar 29, 2024
      • Private funds · 5 to 9
        Jul 21, 2023 to Mar 29, 2024
      • Discretionary RAUM · $10B to $11B
        Jul 21, 2023 to Mar 29, 2024
      • Pension RAUM · $101M to $146M
        Jul 21, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $5.7B to $11B
        Jul 21, 2023 to Mar 29, 2024
      • RAUM · $10B to $11B
        Jul 21, 2023 to Mar 29, 2024
      • Related adviser · true to false
        Jul 21, 2023 to Mar 29, 2024
      • Private funds · 4 to 5
        May 31, 2023 to Jul 21, 2023
      • Advisory employees · 38 to 41
        Nov 7, 2022 to Mar 31, 2023
      • Employees · 69 to 72
        Nov 7, 2022 to Mar 31, 2023
      • Discretionary RAUM · $9.8B to $10B
        Nov 7, 2022 to Mar 31, 2023
      • Pension RAUM · $113M to $101M
        Nov 7, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $5.2B to $5.7B
        Nov 7, 2022 to Mar 31, 2023
      • RAUM · $9.8B to $10B
        Nov 7, 2022 to Mar 31, 2023
      • Related bank · false to true
        Nov 7, 2022 to Mar 31, 2023
      Signals
      13 dated events
      • J•••• Brian Hale (Director) no longer on Schedule A of U••••• I••••••••• A•••••••• I••• (listed 2023-07-21, absent 2024-03-29)
        Mar 29, 2024 · Control person left · inference
      • R D•••• H•••• (Secretary Treasurer, Chief Financial Officer) no longer on Schedule A of U••••• I••••••••• A•••••••• I••• (listed 2023-07-21, absent 2024-03-29)
        Mar 29, 2024 · Control person left · inference
      • Y•••• Yu (Chief Financial Officer, Secretary, Treasurer, Director) appeared on Schedule A of U••••• I••••••••• A•••••••• I•••
        Mar 29, 2024 · Control person joined · fact
      • T Peter Haley (Sr. Vice President) appeared on Schedule A of U••••• I••••••••• A•••••••• I•••
        Mar 29, 2024 · Control person joined · fact
      • J•••• H••• D••••• (Sr. Vice President, Real Estate Equity Fund) appeared on Schedule A of U••••• I••••••••• A•••••••• I•••
        Jul 21, 2023 · Control person joined · fact
      • Mark Adam Fried (Secretary Treasurer, Chief Financial Officer) no longer on Schedule A of U••••• I••••••••• A•••••••• I••• (listed 2022-11-07, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • R D•••• H•••• (Secretary Treasurer, Chief Financial Officer) appeared on Schedule A of U••••• I••••••••• A•••••••• I•••
        Mar 31, 2023 · Control person joined · fact
      • U••••• I••••••••• A•••••••• I••• reported RAUM $8.2B, up 101% from $4.1B (2020-05-21 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • Lundberg Michael Pistner (Vice President) no longer on Schedule A of U••••• I••••••••• A•••••••• I••• (listed 2020-05-21, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • U••••• I••••••••• A•••••••• I••• reported RAUM $4.1B, up 40% from $2.9B (2019-08-13 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • Lundberg Michael Pistner (Vice President) appeared on Schedule A of U••••• I••••••••• A•••••••• I•••
        Mar 30, 2020 · Control person joined · fact
      • U••••• I••••••••• A•••••••• I••• reported RAUM $2.9B, up 42% from $2.1B (2019-01-04 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      • U••••• I••••••••• A•••••••• I••• reported RAUM $1.9B, up 26% from $1.5B (2017-06-06 to 2018-03-29)
        Mar 29, 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
      Firm profile
      LINKEDIN.COM/COMPANY/U•••••reportedpublic record, Form ADV, Sep 18, 2026
      Website
      ullico-urs.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      202-962-8951reportedpublic record, Form ADV, Aug 4, 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
      Asset manager (funds and pooled vehicles)deriveda 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

      U••••• I••••••••• A•••••••• I••• 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.

      Checking your plan…