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
M••••• S•••••• L••
Latest filing Aug 6, 2026
First filing on the tape Dec 22, 2011 · 56 filings
SEC status approved since Apr 11, 1969
RAUM
$160B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
1.9%
$3.0B individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$23B
derived; firm RAUM over IAPD count
Employees
206
73 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
16
reported on Schedule D
History
56 filings and snapshots on the tape
RAUM$160B as of Aug 6, 2026
Mar 30, 2012$58B then
HNW client RAUM$3.0B as of Aug 6, 2026
Mar 28, 2018$51.7M then
State-registered IARs (5.B.3)6 as of Aug 6, 2026
Mar 22, 20133 then
Employees (5.A)206 as of Aug 6, 2026
Mar 22, 2013136 then
Private funds16 as of Aug 6, 2026
Mar 30, 201211 then
RAUM +5.2% over the last fiscal year+7.1% a year over threeIARs 6 to 6offices 2 to 3
Practice profile
derived from the filing of Aug 6, 2026; every figure names its basis
- RAUM per advisor
- $23BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 4derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $119MderivedHNW RAUM over HNW clients
- Average account
- $436MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 39%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 29.4derivedItem 5.A over advisors
- Advisors per office
- 1.8derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +5.2%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +19%derived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, publicationsreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Custody
- $114B, 186 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)
- 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)
- 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$68B43%
- Insurance companies$29B18%
- Pooled investment vehicles$23B15%
- Pension and profit-sharing plans$14B8.6%
- State and municipal entities$13B8.2%
- Sovereign wealth funds$6.5B4.1%
- High-net-worth individuals$3.0B1.9%
- Corporations and businesses$2.4B1.5%
- Banks and thrifts$207M0.1%
- Charitable organizations$109M0.1%
- Individual clients
- 0reported
- HNW clients
- 25reported
- Pension plan clients
- 72reported
- Charitable clients
- 1reported
- Accounts
- 366reported
- Financial planning clients
- reported
- Wrap fee programs
- $0 sponsored, $558M managedreported
- Custody of client assets
- $114B for 186 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.02 fund_share=0.57 institutional_share=0.39 related_bd=true related_bank=true bd_reps=38.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| R••• A••••• B••••••••• | New Y•••, Ny | Feb 7, 2006 | 22 y | 1 |
| B••• S•••••• G••••• | New Y•••, Ny | Apr 11, 2008 | 27 y | 0 |
| B•••• L••• M•••••• | El Segundo, Ca | Mar 17, 2017 | 19 y | 2 |
| E••• S••••• | El Segundo, Ca | Oct 20, 2021 | 18 y | 3 |
| H••• N•••••• | Princeton, Nj | Mar 29, 2022 | 14 y | 0 |
| M•••• B•••••• | New Y•••, Ny | Jan 27, 2025 | 12 y | 1 |
| T••••• M••••••• | Princeton, Nj | Apr 11, 2025 | 35 y | 0 |
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 headcount0 left over 36 months
Left, latest
- R••••• J••••• C•••••••• to N•• Y••• L••• I••••••••• M••••••••• L••Jul 9, 2009 · Other
- T••••• A••••• T•••• to E•••• S••••••••• L••Jun 9, 2009 · Other
- C••••••• B••••••• to M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Nov 26, 2007 · Other
Joined, latest
- M•••• B•••••• from I••••••• C•••••• A•••• M••••••••• L••Jan 27, 2025 · Other
- T••••• A••••• T•••• from E••••• J••••Feb 22, 2007 · Other
- R••• A••••• B••••••••• from N•• Y••• L••• I••••••••• M••••••••• L••Feb 7, 2006 · Other
- C••••••• B••••••• from N•• Y••• L••• I••••••••• M••••••••• L••Jan 31, 2006 · Other
Private funds
29 reported on Schedule D 7.B.(1)
Owners and control persons
Schedule A and B, latest filing
- A••••••••• N•••• •••• · Interim Ceo And Chairman Of The Board Of M••••••Scontrolsince 03/3017 · owns less than 5%
- A•••••••• J•••• W•••••• · Executive Managing Directorcontrolsince 09/2012 · owns less than 5%
- B••••••••• R•••• A••••• · Chief Administrative Officer, Executive Managing Directorcontrolsince 01/2020 · owns less than 5%
- D••••••• M•••••• · Senior Managing Directorcontrolsince 06/2023 · owns less than 5%
- D••••••• R•••••• A••• · Executive Managing Directorcontrolsince 03/2010 · owns less than 5%
- H••••• F••••••• M•••••• · Elected To The Board Of M••••••Scontrolsince 03/2017 · owns less than 5%
- K••••••••• A••••• M•••••• · Elected To The Board Of M••••••Scontrolsince 10/2022 · owns less than 5%
- L••••••• K•••• C• · Elected To Board Of M••••••Scontrolsince 03/2017 · owns less than 5%
- L•••••••• J•••• M•••••• · Vice Chairman, Executive Managing Directorcontrolsince 07/2009 · owns less than 5%
- M•••••• A••••••• R••••• · Elected To The Board Of M••••••Scontrolsince 01/2011 · owns less than 5%
- M•••••••• C••••••••• J••••• · Senior Managing Directorcontrolsince 01/2018 · owns less than 5%
- S•••• D•••• M••••••• · Chief Technology And Operations Officer, Senior Managing Directorcontrolsince 07/2020 · owns less than 5%
- S•••••• A•••••• M••• · Executive Managing Directorcontrolsince 01/2015 · owns less than 5%
- C•••••• M••••••• D••••• · Chief Financial Officer, Senior Managing Directorsince 01/2008 · owns less than 5%
- F••••••••• C••••••••• P••• · Chief Compliance Officer, Managing Directorsince 01/2021 · owns less than 5%
- L••• Y••••• N•• · General Counsel, Senior Managing Directorsince 02/2013 · owns less than 5%
Entity owners
- N•• Y••• L••• I••••••••• M••••••••• H••••••• L•• · Sole Memberdirect · owns 75% or more
- N•• Y••• L••• I•••••••• C•••••• · Indirect Interest Holderindirect · owns F of N•• Y••• L••• I••••••••• M••••••••• H••••••• L••
Related persons
Schedule D 7.A
- A••••• C•••••• L••investment advisernRAUM $44B
- A••••• I••••••••• M••••••••• L••••••investment adviserpooled vehicle sponsornRAUM $14B
- B•• R•••• A•••••••• L••investment advisernRAUM $1.2B
- C••••••• S•••••investment adviserbankpooled vehicle sponsornRAUM $155B
- E•••• S••••••••• L••investment advisernRAUM $32B
- F••••••• R• L••• M•••••• S•••••investment advisernRAUM $1.2B
- I•••••• A••••••• L••investment adviserbankpooled vehicle sponsornRAUM $10B
- K••••••• M••••••••• S•••investment adviserpooled vehicle sponsorn
- L••• I•••••••• C•••••• O• N•••• A••••••real estaten
- M••••• M•••••••• C•••••• T•••••• G• L••pooled vehicle sponsory
- M••••• M•••••••• M••••••• C••••••••• O••••••••• G• L••pooled vehicle sponsory
- M••••• M•••••••• M••••••• C••••• O••••••••• G• L••pooled vehicle sponsory
- M••••• M•••••••• M••••••• C••••• O••••••••• H• ••••••• G• L••pooled vehicle sponsory
- M••••• M•••••••• M••••••• H••• I••••• O••••••••• G• L••pooled vehicle sponsory
- M••••• M•••••••• M••••••• H••• Y•••• S••••• G• L••pooled vehicle sponsory
- M••••• M•••••••• M••••••• O••••••••• A••••••••• G• L••pooled vehicle sponsory
- M••••• M•••••••• M••••••• O••••••••• G• L••pooled vehicle sponsory
- M••••• M•••••••• M••••••• S•••••••• O••••••••• G• L••pooled vehicle sponsory
- M••••• M•••••••• N•• Y••• O••••••••• G• L••pooled vehicle sponsory
- M••••• M•••••••• S•••• T••• O••••••••• F••• G• L••pooled vehicle sponsory
- M••••• M•••••••• U••• I••••••••• O••••••••• G• L••pooled vehicle sponsory
- M••••• S•••••• C••• F•••• I••••• F••• G• L••pooled vehicle sponsory
- M••••• S•••••• C••• P••• O••••••••• F••• G• L••pooled vehicle sponsory
- M••••• S•••••• H••• Y•••• A••••• C••• F••• G• L••pooled vehicle sponsory
- M••••• S•••••• I••••••••• B••• F••• G• L••pooled vehicle sponsory
- M••••• S•••••• S••••• C••••• O••••••••• F••• G• L••pooled vehicle sponsory
- M••••• S•••••• U• L••investment advisery
- M•• G••••• E••••••• M•••••• E••••••• F••• G• L••pooled vehicle sponsory
- M•• G••••• S••••••••• E••••••• M•••••• E••••••• F••• G• L••pooled vehicle sponsory
- N•• Y••• L••• E••••••••• L••real estaten
Advisers that list M••••• S•••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| New Y•••, Ny · principal | 7 | 0 | 0 | ||
| Princeton, Nj | 3 | 0 | 0 | ||
| El Segundo, Ca | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Princeton, NJ19 employees
- El Segundo, CA8 employees
- London Ec2r 5bj, United Kingdom7 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- unusually large average HNW clientStatic outlier · filing Aug 6, 2026HNW RAUM per HNW client of $118,841,173 against a peer median of $4,284,775 (33 comparable advisers, 100.0th percentile, 22.7 robust deviations)peers: other advisers, $20B and over (33) · 100% percentile
What changed
consecutive filings, newest first
- Accounts · 377 to 366Feb 11, 2026 to Mar 31, 2026
- Advisory employees · 79 to 73Feb 11, 2026 to Mar 31, 2026
- BD registered reps · 31 to 38Feb 11, 2026 to Mar 31, 2026
- Corporate clients · 9 to 12Feb 11, 2026 to Mar 31, 2026
- HNW clients · 21 to 25Feb 11, 2026 to Mar 31, 2026
- Pension plan clients · 81 to 72Feb 11, 2026 to Mar 31, 2026
- Pooled vehicle clients · 48 to 43Feb 11, 2026 to Mar 31, 2026
- Assets in custody · $107B to $114BFeb 11, 2026 to Mar 31, 2026
- Employees · 201 to 206Feb 11, 2026 to Mar 31, 2026
- Discretionary RAUM · $152B to $160BFeb 11, 2026 to Mar 31, 2026
- HNW RAUM · $2.6B to $3.0BFeb 11, 2026 to Mar 31, 2026
- Pension RAUM · $14B to $14BFeb 11, 2026 to Mar 31, 2026
- Pooled vehicle RAUM · $23B to $23BFeb 11, 2026 to Mar 31, 2026
- RAUM · $152B to $160BFeb 11, 2026 to Mar 31, 2026
- Wrap assets (manager) · $575M to $558MFeb 11, 2026 to Mar 31, 2026
- Other offices · 2 to 3Jun 27, 2025 to Feb 11, 2026
- Financial planning clients · unset to May 12, 2025 to Jun 27, 2025
- Private funds · 17 to 16May 12, 2025 to Jun 27, 2025
- Accounts · 365 to 377Jan 21, 2025 to Mar 31, 2025
- BD registered reps · 37 to 31Jan 21, 2025 to Mar 31, 2025
- Charity clients · 3 to 1Jan 21, 2025 to Mar 31, 2025
- Corporate clients · 15 to 9Jan 21, 2025 to Mar 31, 2025
- HNW clients · 7 to 21Jan 21, 2025 to Mar 31, 2025
- Pension plan clients · 90 to 81Jan 21, 2025 to Mar 31, 2025
- Pooled vehicle clients · 50 to 48Jan 21, 2025 to Mar 31, 2025
- Assets in custody · $90B to $107BJan 21, 2025 to Mar 31, 2025
- Employees · 223 to 201Jan 21, 2025 to Mar 31, 2025
- State-registered IARs · 5 to 6Jan 21, 2025 to Mar 31, 2025
- Discretionary RAUM · $139B to $152BJan 21, 2025 to Mar 31, 2025
- HNW RAUM · $276M to $2.6BJan 21, 2025 to Mar 31, 2025
- Pension RAUM · $14B to $14BJan 21, 2025 to Mar 31, 2025
- Pooled vehicle RAUM · $22B to $23BJan 21, 2025 to Mar 31, 2025
- RAUM · $139B to $152BJan 21, 2025 to Mar 31, 2025
- Wrap assets (manager) · $619M to $575MJan 21, 2025 to Mar 31, 2025
- Other offices · 3 to 2Jul 2, 2024 to Jan 21, 2025
- Private funds · 18 to 17Jul 2, 2024 to Jan 21, 2025
- Accounts · 363 to 365May 17, 2023 to Mar 22, 2024
- Advisory employees · 84 to 79May 17, 2023 to Mar 22, 2024
- Corporate clients · 23 to 15May 17, 2023 to Mar 22, 2024
- HNW clients · 2 to 7May 17, 2023 to Mar 22, 2024
Signals
11 dated events
- Scott Jeffrey Phlegar (Chairman And Chief Executive Officer And Elected To The Board Of Managers) no longer on Schedule A of M••••• S•••••• L•• (listed 2023-05-17, absent 2024-03-22)Mar 22, 2024 · Control person left · inference
- Michael Depalma (Senior Managing Director) appeared on Schedule A of M••••• S•••••• L••Mar 22, 2024 · Control person joined · fact
- Joseph Cornelius Moriarty (Senior Managing Director) appeared on Schedule A of M••••• S•••••• L••Mar 22, 2024 · Control person joined · fact
- Maurice Alain Karaoglan (Elected To The Board Of Managers) appeared on Schedule A of M••••• S•••••• L••Oct 14, 2022 · Control person joined · fact
- Nmn Yie-Hsin Hung (Elected To The Board Of Managers) no longer on Schedule A of M••••• S•••••• L•• (listed 2022-09-23, absent 2022-10-14)Oct 14, 2022 · Control person left · inference
- Elizabeth Janelle Woodward (President, Executive Managing Director) no longer on Schedule A of M••••• S•••••• L•• (listed 2022-04-29, absent 2022-09-23)Sep 23, 2022 · Control person left · inference
- Elizabeth Janelle Woodward (President, Executive Managing Director) appeared on Schedule A of M••••• S•••••• L••Jan 29, 2021 · Control person joined · fact
- Myunkiew Dale Sang (Chief Technology And Operations Officer, Senior Managing Director) appeared on Schedule A of M••••• S•••••• L••Jan 29, 2021 · Control person joined · fact
- Marian Lucille Protas (President, Executive Managing Director, Chief Operating Officer, Treasurer And Elected To The Board Of Managers) no longer on Schedule A of M••••• S•••••• L•• (listed 2020-06-15, absent 2021-01-29)Jan 29, 2021 · Control person left · inference
- Craig Daniel Roberts (Executive Managing Director) no longer on Schedule A of M••••• S•••••• L•• (listed 2020-02-13, absent 2020-03-27)Mar 27, 2020 · Control person left · inference
- T••••• John Fleurant (Elected To The Board Of Managers) no longer on Schedule A of M••••• S•••••• L•• (listed 2019-03-28, absent 2019-05-07)May 7, 2019 · Control person left · inference
Across DFX
shared identifiers only, never a name match
- M••••• S•••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/mackay-shieldsreportedpublic record, Form ADV, Sep 18, 2026
- Website
- nylim.com/mackay-shieldsreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 212-758-5400reportedpublic record, Form ADV, Aug 6, 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
- $23Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026