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

F••••• A••••••••• L••

Former SEC-registered adviserGreenville, DelawareCRD 107735SEC 801-16178IAPD
Latest filing Aug 18, 2023
First filing on the tape Mar 30, 2012 · 19 filings
RAUM
$182M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
1.0%
$1.8M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
11
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
$19.4M gross assets
History
19 filings and snapshots on the tape
RAUM$182M as of Mar 9, 2022
Mar 30, 2012$4.3B then
HNW client RAUM$1.8M as of Mar 9, 2022
Mar 29, 2018$1.2M then
State-registered IARs (5.B.3)0 as of Mar 9, 2022
Mar 28, 20130 then
Employees (5.A)11 as of Mar 9, 2022
Mar 28, 20135 then
Private funds1 as of Mar 9, 2022
Mar 30, 20121 then
RAUM -32% over the last fiscal year-49% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Aug 18, 2023; 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
$10.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.9%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
-32%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 individuals, 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
  • Other investment advisers$69.4M42%
  • Investment companies$52.5M32%
  • Pooled investment vehicles$19.4M12%
  • Corporations and businesses$18.8M11%
  • Pension and profit-sharing plans$3.4M2.1%
  • High-net-worth individuals$1.8M1.1%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
18reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
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
      Every departureEvery arrival
      Private funds
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      F••••• S•••• C•• T••••no longer reportedOther Private Fund$71.2M4Mar 30, 2012
      G•••••••• F••••• L••••••••• F•••• L•Hedge Fund$19.4M11Aug 4, 2016
      F••••• D••••••• G•••••• L•••no longer reportedOther Private Fund$7.4M20Mar 28, 2013
      Owners and control persons
      Schedule A and B, latest filing
      • W•••••••• M••••••• R• · Chief Compliance Officer
        since 07/2012 · owns 5% to 10%
      Related persons
      Schedule D 7.A
      No related person reported.
      Advisers that list F••••• A••••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 21 to 18
        Jul 15, 2021 to Mar 9, 2022
      • Advisory employees · 3 to 7
        Jul 15, 2021 to Mar 9, 2022
      • Pooled vehicle clients · 2 to 1
        Jul 15, 2021 to Mar 9, 2022
      • Employees · 4 to 11
        Jul 15, 2021 to Mar 9, 2022
      • Other offices · 1 to 0
        Jul 15, 2021 to Mar 9, 2022
      • Discretionary RAUM · $274M to $182M
        Jul 15, 2021 to Mar 9, 2022
      • HNW RAUM · $2.0M to $1.8M
        Jul 15, 2021 to Mar 9, 2022
      • Pension RAUM · $4.0M to $3.4M
        Jul 15, 2021 to Mar 9, 2022
      • Pooled vehicle RAUM · $69.9M to $19.4M
        Jul 15, 2021 to Mar 9, 2022
      • RAUM · $274M to $182M
        Jul 15, 2021 to Mar 9, 2022
      • Related adviser · true to false
        Jul 15, 2021 to Mar 9, 2022
      • Accounts · 19 to 21
        Mar 26, 2021 to Jul 15, 2021
      • HQ city · JACKSON to GREENVILLE
        Mar 26, 2021 to Jul 15, 2021
      • HQ state · WY to DE
        Mar 26, 2021 to Jul 15, 2021
      • Other offices · 0 to 1
        Mar 26, 2021 to Jul 15, 2021
      • Discretionary RAUM · $269M to $274M
        Mar 26, 2021 to Jul 15, 2021
      • HNW RAUM · $1.9M to $2.0M
        Mar 26, 2021 to Jul 15, 2021
      • Pension RAUM · $4.4M to $4.0M
        Mar 26, 2021 to Jul 15, 2021
      • Pooled vehicle RAUM · $69.1M to $69.9M
        Mar 26, 2021 to Jul 15, 2021
      • RAUM · $269M to $274M
        Mar 26, 2021 to Jul 15, 2021
      • Accounts · 21 to 19
        Jun 29, 2020 to Mar 26, 2021
      • Advisory employees · 4 to 3
        Jun 29, 2020 to Mar 26, 2021
      • Pooled vehicle clients · 1 to 2
        Jun 29, 2020 to Mar 26, 2021
      • Employees · 5 to 4
        Jun 29, 2020 to Mar 26, 2021
      • Discretionary RAUM · $957M to $269M
        Jun 29, 2020 to Mar 26, 2021
      • HNW RAUM · $1.0M to $1.9M
        Jun 29, 2020 to Mar 26, 2021
      • Pension RAUM · $2.1M to $4.4M
        Jun 29, 2020 to Mar 26, 2021
      • Pooled vehicle RAUM · $14.7M to $69.1M
        Jun 29, 2020 to Mar 26, 2021
      • RAUM · $957M to $269M
        Jun 29, 2020 to Mar 26, 2021
      • Accounts · 19 to 21
        Mar 27, 2019 to Mar 30, 2020
      • Discretionary RAUM · $1.4B to $957M
        Mar 27, 2019 to Mar 30, 2020
      • HNW RAUM · $1.3M to $1.0M
        Mar 27, 2019 to Mar 30, 2020
      • Pension RAUM · $2.8M to $2.1M
        Mar 27, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $17.7M to $14.7M
        Mar 27, 2019 to Mar 30, 2020
      • RAUM · $1.4B to $957M
        Mar 27, 2019 to Mar 30, 2020
      • Accounts · 16 to 19
        Mar 29, 2018 to Mar 27, 2019
      • Discretionary RAUM · $1.3B to $1.4B
        Mar 29, 2018 to Mar 27, 2019
      • HNW RAUM · $1.2M to $1.3M
        Mar 29, 2018 to Mar 27, 2019
      • Pension RAUM · $2.9M to $2.8M
        Mar 29, 2018 to Mar 27, 2019
      • Pooled vehicle RAUM · $16.1M to $17.7M
        Mar 29, 2018 to Mar 27, 2019
      Signals
      6 dated events
      • Duffield David Marky (Chief Compliance Officer & Coo) no longer on Schedule A of F••••• A••••••••• L•• (listed 2022-03-09, absent 2023-07-28)
        Jul 28, 2023 · Control person left · inference
      • Wilson Scott Gates (Cio) no longer on Schedule A of F••••• A••••••••• L•• (listed 2022-03-09, absent 2023-07-28)
        Jul 28, 2023 · Control person left · inference
      • James Joseph Fields (Management Committee Member) no longer on Schedule A of F••••• A••••••••• L•• (listed 2022-03-09, absent 2023-07-28)
        Jul 28, 2023 · Control person left · inference
      • F••••• A••••••••• L•• reported RAUM $269.2M, down 72% from $956.9M (2020-06-29 to 2021-03-26)
        Mar 26, 2021 · RAUM change · derived
      • F••••• A••••••••• L•• reported RAUM $956.9M, down 32% from $1.4B (2019-03-27 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • F••••• A••••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Oct 30, 2013 · Succession (Item 4) · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      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