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

B•••• I••••••••• C••••••• I••

Former SEC-registered adviserWest Conshohocken, PennsylvaniaCRD 107615SEC 801-53638IAPD
Legal name B•••• I••••••••• C•••••• I••
Latest filing Mar 7, 2025
First filing on the tape Apr 2, 2012 · 22 filings
SEC status approved since Jan 28, 1997
RAUM
$982M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
78%
$764M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
10
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$982M as of Mar 7, 2025
Apr 2, 2012$1.0B then
HNW client RAUM$764M as of Mar 7, 2025
Mar 5, 2018$932M then
State-registered IARs (5.B.3)0 as of Mar 7, 2025
Mar 26, 20131 then
Employees (5.A)10 as of Mar 7, 2025
Mar 26, 20138 then
Private funds1 as of Mar 7, 2025
Jan 29, 20201 then
RAUM -0.4% over the last fiscal year-13% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 7, 2025; 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
$10.8MderivedHNW RAUM over HNW clients
Average account
$12.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
2.2%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
-0.4%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
-30%derived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
Custody
$116M, 10 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$764M78%
  • Corporations and businesses$150M15%
  • Pooled investment vehicles$46.0M4.7%
  • Charitable organizations$21.9M2.2%
Individual clients
0reported
HNW clients
71reported
Pension plan clients
0reported
Charitable clients
3reported
Accounts
81reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$116M for 10 clientsreported
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
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      M••• C•••• I••••••••• P•••••••• L•Hedge Fund$55.5M50Apr 2, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• T•••••• E••• · Managing Directorcontrol
        since 01/1995 · owns 25% to 50%
      • B••••• W•••••• T••••• · Managing Directorcontrol
        since 12/1997 · owns 75% or more
      • B•••••••• C••••• A•• · Chief Compliance Officercontrol
        since 03/2013 · owns less than 5%
      • J•••••••• K••••• S••••• · Managing Directorcontrol
        since 06/2002 · owns less than 5%
      Related persons
      Schedule D 7.A
      No related person reported.
      Advisers that list B•••• I••••••••• C••••••• I•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 113 to 81
        Feb 7, 2024 to Mar 7, 2025
      • Charity clients · 4 to 3
        Feb 7, 2024 to Mar 7, 2025
      • HNW clients · 102 to 71
        Feb 7, 2024 to Mar 7, 2025
      • Assets in custody · $119M to $116M
        Feb 7, 2024 to Mar 7, 2025
      • Discretionary RAUM · $985M to $982M
        Feb 7, 2024 to Mar 7, 2025
      • HNW RAUM · $771M to $764M
        Feb 7, 2024 to Mar 7, 2025
      • Pooled vehicle RAUM · $55.5M to $46.0M
        Feb 7, 2024 to Mar 7, 2025
      • RAUM · $985M to $982M
        Feb 7, 2024 to Mar 7, 2025
      • Accounts · 129 to 113
        Feb 10, 2023 to Feb 7, 2024
      • HNW clients · 118 to 102
        Feb 10, 2023 to Feb 7, 2024
      • Assets in custody · $103M to $119M
        Feb 10, 2023 to Feb 7, 2024
      • Discretionary RAUM · $1.0B to $985M
        Feb 10, 2023 to Feb 7, 2024
      • HNW RAUM · $801M to $771M
        Feb 10, 2023 to Feb 7, 2024
      • Pooled vehicle RAUM · $54.6M to $55.5M
        Feb 10, 2023 to Feb 7, 2024
      • RAUM · $1.0B to $985M
        Feb 10, 2023 to Feb 7, 2024
      • Related adviser · true to false
        Feb 10, 2023 to Feb 7, 2024
      • Accounts · 133 to 129
        Feb 8, 2022 to Feb 10, 2023
      • Advisory employees · 5 to 6
        Feb 8, 2022 to Feb 10, 2023
      • Charity clients · 5 to 4
        Feb 8, 2022 to Feb 10, 2023
      • HNW clients · 121 to 118
        Feb 8, 2022 to Feb 10, 2023
      • Assets in custody · $107M to $103M
        Feb 8, 2022 to Feb 10, 2023
      • Employees · 9 to 10
        Feb 8, 2022 to Feb 10, 2023
      • Discretionary RAUM · $1.5B to $1.0B
        Feb 8, 2022 to Feb 10, 2023
      • HNW RAUM · $971M to $801M
        Feb 8, 2022 to Feb 10, 2023
      • Pooled vehicle RAUM · $62.9M to $54.6M
        Feb 8, 2022 to Feb 10, 2023
      • RAUM · $1.5B to $1.0B
        Feb 8, 2022 to Feb 10, 2023
      • Accounts · 128 to 133
        Sep 9, 2021 to Feb 8, 2022
      • HNW clients · 116 to 121
        Sep 9, 2021 to Feb 8, 2022
      • Assets in custody · $107M to $107M
        Sep 9, 2021 to Feb 8, 2022
      • Employees · 12 to 9
        Sep 9, 2021 to Feb 8, 2022
      • Discretionary RAUM · $1.3B to $1.5B
        Sep 9, 2021 to Feb 8, 2022
      • HNW RAUM · $845M to $971M
        Sep 9, 2021 to Feb 8, 2022
      • Pooled vehicle RAUM · $59.4M to $62.9M
        Sep 9, 2021 to Feb 8, 2022
      • RAUM · $1.3B to $1.5B
        Sep 9, 2021 to Feb 8, 2022
      • Related adviser · false to true
        Feb 15, 2021 to Sep 9, 2021
      • Accounts · 121 to 128
        Nov 9, 2020 to Feb 15, 2021
      • Advisory employees · 4 to 5
        Nov 9, 2020 to Feb 15, 2021
      • Charity clients · 6 to 5
        Nov 9, 2020 to Feb 15, 2021
      • HNW clients · 108 to 116
        Nov 9, 2020 to Feb 15, 2021
      • Assets in custody · $54.8M to $107M
        Nov 9, 2020 to Feb 15, 2021
      Signals
      2 dated events
      • B•••• I••••••••• C••••••• I•• no longer on the SEC adviser roster (last listed 2025-05-02, RAUM $981.7M)
        Jun 2, 2025 · Left the SEC roster · derived
      • B•••• I••••••••• C••••••• I•• reported RAUM $1.0B, down 31% from $1.5B (2022-02-08 to 2023-02-10)
        Feb 10, 2023 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      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