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

D•••• S••••••• A••••••• • N•• I•••

Asset manager (funds and pooled vehicles)New York, New YorkCRD 106659SEC 801-53272IAPD
Latest filing Mar 19, 2026
First filing on the tape Mar 19, 2012 · 21 filings
SEC status approved since Nov 20, 1996
RAUM
$22B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.3%
$71.2M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
57
10 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$22B as of Mar 19, 2026
Mar 19, 2012$48B then
HNW client RAUM$71.2M as of Mar 19, 2026
Mar 29, 2018$35.0M then
State-registered IARs (5.B.3)0 as of Mar 19, 2026
Mar 15, 20130 then
Employees (5.A)57 as of Mar 19, 2026
Mar 15, 2013112 then
Private funds: no history
RAUM +19% over the last fiscal year+14% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 19, 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
$35.6MderivedHNW RAUM over HNW clients
Average account
$594MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
23%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
+19%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
+0.0%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
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
  • 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$16B75%
  • Charitable organizations$5.0B23%
  • Corporations and businesses$497M2.3%
  • High-net-worth individuals$71.2M0.3%
  • Pension and profit-sharing plans$38.7M0.2%
Individual clients
0reported
HNW clients
2reported
Pension plan clients
3reported
Charitable clients
9reported
Accounts
37reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=0.75 institutional_share=0.23 related_bd=true related_bank=false bd_reps=18.0derived
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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • D••••• C••••••••• C••••• · Sole Membercontrol
        since 12/2000 · owns 75% or more of D•••• I••••••••• L••
      • C••••• L•••• J• · Vice President, Chief Legal Officer
        since 06/2021 · owns less than 5%
      • D••••• A•••••• A•••• · President
        since 09/1996 · owns less than 5%
      • D••••• C••••••••• C••••• · Chairman And Chief Executive Officer
        since 09/1996 · owns less than 5%
      • E•••• K••••••• C•••••• · Vice President And Chief Operating Officer
        since 03/1997 · owns less than 5%
      • M••••••••• M••••••• · Vice President, Chief Compliance Officer
        since 02/2023 · owns less than 5%
      • T••• G•••• P••• · Vice President And Treasurer
        since 05/1998 · owns less than 5%
      • W••••• R••••••• O••• · Vice President
        since 09/1996 · owns less than 5%
      Entity owners
      • D•••• S••••••• A••••••• L• · 100% Corporate Owner
        direct · owns 75% or more
      • D•••• I••••••••• L•• · General Partner
        indirect · owns F of D•••• S••••••• Advisers, L.P.
      Related persons
      Schedule D 7.A
      Advisers that list D•••• S••••••• A••••••• • N•• I••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Tucson, AZ1 employees
      What changed
      consecutive filings, newest first
      • Advisory employees · 12 to 10
        Jun 27, 2025 to Mar 19, 2026
      • BD registered reps · 16 to 18
        Jun 27, 2025 to Mar 19, 2026
      • Discretionary RAUM · $18B to $22B
        Jun 27, 2025 to Mar 19, 2026
      • HNW RAUM · $59.4M to $71.2M
        Jun 27, 2025 to Mar 19, 2026
      • Pension RAUM · $32.2M to $38.7M
        Jun 27, 2025 to Mar 19, 2026
      • RAUM · $18B to $22B
        Jun 27, 2025 to Mar 19, 2026
      • Financial planning clients · 0 to 0
        Mar 20, 2025 to Jun 27, 2025
      • Advisory employees · 11 to 12
        Mar 20, 2024 to Mar 20, 2025
      • Employees · 51 to 57
        Mar 20, 2024 to Mar 20, 2025
      • Discretionary RAUM · $17B to $18B
        Mar 20, 2024 to Mar 20, 2025
      • HNW RAUM · $51.2M to $59.4M
        Mar 20, 2024 to Mar 20, 2025
      • Pension RAUM · $29.1M to $32.2M
        Mar 20, 2024 to Mar 20, 2025
      • RAUM · $17B to $18B
        Mar 20, 2024 to Mar 20, 2025
      • BD registered reps · 15 to 16
        Mar 23, 2023 to Mar 20, 2024
      • Employees · 52 to 51
        Mar 23, 2023 to Mar 20, 2024
      • Discretionary RAUM · $15B to $17B
        Mar 23, 2023 to Mar 20, 2024
      • HNW RAUM · $40.0M to $51.2M
        Mar 23, 2023 to Mar 20, 2024
      • Pension RAUM · $27.2M to $29.1M
        Mar 23, 2023 to Mar 20, 2024
      • RAUM · $15B to $17B
        Mar 23, 2023 to Mar 20, 2024
      • Accounts · 48 to 37
        Mar 28, 2022 to Mar 23, 2023
      • Advisory employees · 10 to 11
        Mar 28, 2022 to Mar 23, 2023
      • BD registered reps · 20 to 15
        Mar 28, 2022 to Mar 23, 2023
      • HNW clients · 13 to 2
        Mar 28, 2022 to Mar 23, 2023
      • Employees · 54 to 52
        Mar 28, 2022 to Mar 23, 2023
      • Discretionary RAUM · $21B to $15B
        Mar 28, 2022 to Mar 23, 2023
      • HNW RAUM · $139M to $40.0M
        Mar 28, 2022 to Mar 23, 2023
      • Pension RAUM · $32.9M to $27.2M
        Mar 28, 2022 to Mar 23, 2023
      • RAUM · $21B to $15B
        Mar 28, 2022 to Mar 23, 2023
      • Accounts · 49 to 48
        Mar 31, 2021 to Mar 25, 2022
      • Advisory employees · 11 to 10
        Mar 31, 2021 to Mar 25, 2022
      • BD registered reps · 22 to 20
        Mar 31, 2021 to Mar 25, 2022
      • Charity clients · 10 to 9
        Mar 31, 2021 to Mar 25, 2022
      • Corporate clients · unset to 3.0
        Mar 31, 2021 to Mar 25, 2022
      • HNW clients · 11 to 13
        Mar 31, 2021 to Mar 25, 2022
      • Pension plan clients · 5 to 3
        Mar 31, 2021 to Mar 25, 2022
      • Employees · 61 to 54
        Mar 31, 2021 to Mar 25, 2022
      • Discretionary RAUM · $20B to $21B
        Mar 31, 2021 to Mar 25, 2022
      • HNW RAUM · $112M to $139M
        Mar 31, 2021 to Mar 25, 2022
      • Pension RAUM · $136M to $32.9M
        Mar 31, 2021 to Mar 25, 2022
      • RAUM · $20B to $21B
        Mar 31, 2021 to Mar 25, 2022
      Signals
      1 dated events
      • D•••• S••••••• A••••••• • N•• I••• reported RAUM $14.9B, down 28% from $20.7B (2022-03-28 to 2023-03-23)
        Mar 23, 2023 · 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.
      How to reach
      public business contact points only, each with its source
      Principal office phone
      (212) 891-5500reportedpublic record, Form ADV, Mar 19, 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