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
A•••• I••••••••• L••
Latest filing Jul 28, 2026
First filing on the tape Dec 22, 2011 · 45 filings
SEC status approved since Apr 15, 1983
RAUM
$13B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
11%
$1.4B individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$2.1B
derived; firm RAUM over IAPD count
Employees
109
30 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
3
reported on Schedule D
History
45 filings and snapshots on the tape
RAUM$13B as of Jul 28, 2026
Mar 29, 2012$4.4B then
HNW client RAUM$1.4B as of Jul 28, 2026
Mar 28, 2018$1.0B then
State-registered IARs (5.B.3)6 as of Jul 28, 2026
Mar 29, 20120 then
Employees (5.A)109 as of Jul 28, 2026
Mar 27, 201362 then
Private funds3 as of Jul 28, 2026
Mar 27, 20171 then
RAUM +3.3% over the last fiscal year-4.8% a year over threeIARs 7 to 6
Practice profile
derived from the filing of Jul 28, 2026; every figure names its basis
- RAUM per advisor
- $2.1BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 9derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $28.7MderivedHNW RAUM over HNW clients
- Average account
- $87.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 51%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 18.2derivedItem 5.A over advisors
- Advisors per office
- 2.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +3.3%derivedbetween the last two annual amendments
- Advisor growth, one year
- -14%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -25%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 companiesreportedItem 5.G
- Custody
- $205M, 3 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)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$4.2B33%
- State and municipal entities$3.8B30%
- Pension and profit-sharing plans$1.6B13%
- High-net-worth individuals$1.4B11%
- Charitable organizations$839M6.6%
- Corporations and businesses$406M3.2%
- Insurance companies$271M2.1%
- Pooled investment vehicles$205M1.6%
- Other investment advisers$23.2M0.2%
- Individuals$6.4M0.0%
- Individual clients
- 5reported
- HNW clients
- 47reported
- Pension plan clients
- 19reported
- Charitable clients
- 24reported
- Accounts
- 146reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $205M for 3 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.11 fund_share=0.35 institutional_share=0.51 related_bd=true related_bank=false bd_reps=23.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| J•••• R••• P••••••• | Chicago, Il | Sep 20, 2014 | 14 y | 1 |
| H•••• E••••• S••••Certified Financial Planner | Chicago, Il | Aug 30, 2021 | 13 y | 1 |
| D•••• M•••••• K•••• | Chicago, Il | Dec 6, 2021 | 10 y | 1 |
| N••••••• P•••• S••••• | Chicago, Il | May 8, 2023 | 13 y | 1 |
| J•••••• R•••••• | New York, Ny | Oct 30, 2023 | 19 y | 1 |
| K••• I•••• B••••• | Chicago, Il | Feb 11, 2026 | 11 y | 2 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- J• A•• Q••••• to D•••••• H••• C•••••• M••••••••• L••Jan 25, 2008 · Other
Joined, latest
- K••• I•••• B••••• from M••••••••• I••••••••• S••••••• L••Feb 11, 2026 · Other
- J•••••• R•••••• from U•• F•••••••• S••••••• I•••Oct 30, 2023 · Other
- N••••••• P•••• S••••• from B•••••••• I••••••••• M••••••••• L••May 8, 2023 · Other
- D•••• M•••••• K•••• from T•••••••• I••••••••• M••••••••• I••Dec 6, 2021 · Other
- H•••• E••••• S•••• from V•••• F•••••••• A•••••••• I•••Aug 30, 2021 · Other
- J•••• R••• P••••••• from O•••••• F••••••••Sep 20, 2014 · Other
- J• A•• Q••••• from C••••• C•••••• M•••••••••Aug 25, 2005 · Other
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| A•••• I••••••••• D•••• L•• | Other Private Fund | $159M | 10 | Mar 27, 2017 |
Owners and control persons
Schedule A and B, latest filing
- B••••••••• C••••••• K•••••• · Vice Chairmancontrolsince 09/2004 · owns less than 5%
- C••••••• K••••• J••• M•••••• · Directorcontrolsince 07/2019 · owns less than 5%
- D•••••• A•••• S•••••• · Directorcontrolsince 07/2019 · owns less than 5%
- H••••• L••••• M••••••• L••••• · Co-Ceo, President And Directorcontrolsince 05/2000 · owns 25% to 50%
- J••••••• V••••••• B••••• · Directorcontrolsince 07/2019 · owns less than 5%
- M•••••••• F••••• F••••• · Directorcontrolsince 03/2021 · owns less than 5%
- R••••••••• E•••• L••••• · Executive Vice President, Chief Administrative Officer, General Counsel & Secretarycontrolsince 01/2023 · owns less than 5%
- R•••••• J•••• W••••••••• · Chairman, Co-Ceo, Chief Investment Officer And Directorcontrolsince 05/2000 · owns less than 5%
- R•••••• A••••••• D•••• · Directorcontrolsince 03/2021 · owns less than 5%
- S••••• J•••• A••••• · Directorcontrolsince 06/2021 · owns less than 5%
- T•••••• H••••••• E•••• · Directorcontrolsince 07/2019 · owns less than 5%
- W••••• P•••• · Directorcontrolsince 07/2019 · owns less than 5%
- R•••••• J•••• W••••••••• · Shareholdercontrolsince 02/2004 · owns 50% to 75% of A•••• C•••••• M••••••••• H•••••••• I•••
- C•••••••• C•••••• E••••••• · Senior Vice President, Chief Financial Officersince 06/2021 · owns less than 5%
- F•••••• T••••••• R••••• · Executive Vice President, Director Of Researchsince 12/2018 · owns less than 5%
- F••• W••••• D•••••• · Senior Vice President, Chief Compliance Officersince 10/2004 · owns less than 5%
- K••••• K••••••• E•••• · Executive Vice Presidentsince 01/2021 · owns less than 5%
- M••••••••• H••••• S• · Executive Vice President, Chief Investment Officer, Global & Emerging Markets Equitiessince 09/2023 · owns less than 5%
Entity owners
- A•••• C•••••• M••••••••• H•••••••• I••• · Ownerdirect · owns 25% to 50%
Related persons
Schedule D 7.A
- A•••• A••••••••• L••investment adviserpooled vehicle sponsoryRAUM $1.5B
- A•••• D••••••••• L••broker-dealery
- P•••••• B•••• C••••••••• P••••••••• F••• G•• L•pooled vehicle sponsory
- P•••••• B•••• C••••••••• P••••••••• F••• G•• L•pooled vehicle sponsory
- P•••••• B•••• G•• L•pooled vehicle sponsory
- P•••••• B•••• M••••••••• C••••••• L••investment adviserpooled vehicle sponsory
- P•••••• B•••• S••••• I• C••••••••• M••••••• L•pooled vehicle sponsory
Advisers that list A•••• I••••••••• L•• as a related person
- 314178 y
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Chicago, Il · principal | 6 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- New York, NY20 employees
- San Francisco, CA
- Sydney, Nsw, Australia
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- private fund count surgeChange between filings · filing Apr 10, 2026private funds (Schedule D 7.B.1) moved from 2.0 to 3.0 (+50.0%) between the annual amendments of 2025-04-28 and 2026-04-10; the peer median change was 0.0% (49 comparable advisers, 96.0th percentile of changes)peers: other advisers, $5B to $20B (49) · 96% percentile
What changed
consecutive filings, newest first
- Accounts · 168 to 146Oct 10, 2025 to Mar 31, 2026
- BD registered reps · 24 to 23Oct 10, 2025 to Mar 31, 2026
- Charity clients · 26 to 24Oct 10, 2025 to Mar 31, 2026
- Corporate clients · 4 to 5Oct 10, 2025 to Mar 31, 2026
- HNW clients · 51 to 47Oct 10, 2025 to Mar 31, 2026
- Individual clients · 18 to 5Oct 10, 2025 to Mar 31, 2026
- Pension plan clients · 22 to 19Oct 10, 2025 to Mar 31, 2026
- Pooled vehicle clients · 2 to 3Oct 10, 2025 to Mar 31, 2026
- Assets in custody · $93.3M to $205MOct 10, 2025 to Mar 31, 2026
- Employees · 120 to 109Oct 10, 2025 to Mar 31, 2026
- State-registered IARs · 7 to 6Oct 10, 2025 to Mar 31, 2026
- Private funds · 2 to 3Oct 10, 2025 to Mar 31, 2026
- Discretionary RAUM · $12B to $13BOct 10, 2025 to Mar 31, 2026
- HNW RAUM · $1.5B to $1.4BOct 10, 2025 to Mar 31, 2026
- Individual RAUM · $12.1M to $6.4MOct 10, 2025 to Mar 31, 2026
- Pension RAUM · $1.8B to $1.6BOct 10, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $93.3M to $205MOct 10, 2025 to Mar 31, 2026
- RAUM · $12B to $13BOct 10, 2025 to Mar 31, 2026
- Accounts · 183 to 168Jan 31, 2025 to Apr 28, 2025
- Advisory employees · 29 to 30Jan 31, 2025 to Apr 28, 2025
- Charity clients · 24 to 26Jan 31, 2025 to Apr 28, 2025
- Corporate clients · 8 to 4Jan 31, 2025 to Apr 28, 2025
- HNW clients · 55 to 51Jan 31, 2025 to Apr 28, 2025
- Individual clients · 20 to 18Jan 31, 2025 to Apr 28, 2025
- Pension plan clients · 25 to 22Jan 31, 2025 to Apr 28, 2025
- Pooled vehicle clients · 1 to 2Jan 31, 2025 to Apr 28, 2025
- Assets in custody · $134M to $93.3MJan 31, 2025 to Apr 28, 2025
- Employees · 101 to 120Jan 31, 2025 to Apr 28, 2025
- Financial planning clients · unset to Jan 31, 2025 to Apr 28, 2025
- Other offices · 3 to 2Jan 31, 2025 to Apr 28, 2025
- Private funds · 1 to 2Jan 31, 2025 to Apr 28, 2025
- Discretionary RAUM · $13B to $12BJan 31, 2025 to Apr 28, 2025
- HNW RAUM · $1.5B to $1.5BJan 31, 2025 to Apr 28, 2025
- Individual RAUM · $12.3M to $12.1MJan 31, 2025 to Apr 28, 2025
- Non-discretionary RAUM · $40.4M to $0Jan 31, 2025 to Apr 28, 2025
- Pension RAUM · $1.9B to $1.8BJan 31, 2025 to Apr 28, 2025
- Pooled vehicle RAUM · $134M to $93.3MJan 31, 2025 to Apr 28, 2025
- RAUM · $13B to $12BJan 31, 2025 to Apr 28, 2025
- Other offices · 4 to 3Apr 1, 2024 to Aug 30, 2024
- Accounts · 210 to 183Nov 16, 2023 to Mar 29, 2024
Signals
20 dated events
- Jayesh Rupal Bhansali (Executive Vice President, Chief Investment Officer, International & Global Equities, Portfolio Manager) no longer on Schedule A of A•••• I••••••••• L•• (listed 2023-04-18, absent 2023-09-01)Sep 1, 2023 · Control person left · inference
- Leonor Emma Rodriguez-Ayala (Senior Vice President, General Counsel & Secretary) appeared on Schedule A of A•••• I••••••••• L••Jan 12, 2023 · Control person joined · fact
- A••••• J••• S•••• (Director) appeared on Schedule A of A•••• I••••••••• L••Jul 7, 2021 · Control person joined · fact
- Adolphe Leslie Brun (Director) no longer on Schedule A of A•••• I••••••••• L•• (listed 2021-03-24, absent 2021-07-07)Jul 7, 2021 · Control person left · inference
- L Paget Alves (Director) no longer on Schedule A of A•••• I••••••••• L•• (listed 2021-03-24, absent 2021-07-07)Jul 7, 2021 · Control person left · inference
- John D•••• Vitale (Director) no longer on Schedule A of A•••• I••••••••• L•• (listed 2021-03-24, absent 2021-07-07)Jul 7, 2021 · Control person left · inference
- Farook Fazal Merchant (Director) appeared on Schedule A of A•••• I••••••••• L••Mar 24, 2021 · Control person joined · fact
- D•••• A•••••• R••••• (Director) appeared on Schedule A of A•••• I••••••••• L••Mar 24, 2021 · Control person joined · fact
- Irving Robert Solomon (Director) no longer on Schedule A of A•••• I••••••••• L•• (listed 2020-08-13, absent 2021-03-24)Mar 24, 2021 · Control person left · inference
- Harold John Paul Lussow (Senior Vice President, Chief Operating Officer) no longer on Schedule A of A•••• I••••••••• L•• (listed 2019-08-05, absent 2020-01-03)Jan 3, 2020 · Control person left · inference
- Martijn K J Cremers (Director) appeared on Schedule A of A•••• I••••••••• L••Aug 5, 2019 · Control person joined · fact
- B Valerie Jarrett (Director) appeared on Schedule A of A•••• I••••••••• L••Aug 5, 2019 · Control person joined · fact
- Irving Robert Solomon (Director) appeared on Schedule A of A•••• I••••••••• L••Aug 5, 2019 · Control person joined · fact
- E Heather Tookes (Director) appeared on Schedule A of A•••• I••••••••• L••Aug 5, 2019 · Control person joined · fact
- John D•••• Vitale (Director) appeared on Schedule A of A•••• I••••••••• L••Aug 5, 2019 · Control person joined · fact
- Paula Wolff (Director) appeared on Schedule A of A•••• I••••••••• L••Aug 5, 2019 · Control person joined · fact
- Adolphe Leslie Brun (Director) appeared on Schedule A of A•••• I••••••••• L••Aug 5, 2019 · Control person joined · fact
- S Arne Duncan (Director) appeared on Schedule A of A•••• I••••••••• L••Aug 5, 2019 · Control person joined · fact
- L Paget Alves (Director) appeared on Schedule A of A•••• I••••••••• L••Aug 5, 2019 · Control person joined · fact
- Harold John Paul Lussow (Senior Vice President, Chief Operating Officer) appeared on Schedule A of A•••• I••••••••• L••Mar 21, 2019 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- A•••• I••••••••• L•• · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Firm profile
- H••••://WWW.LINKEDIN.COM/COMPANY/A••••-INVESTMENTSreportedpublic record, Form ADV, Sep 18, 2026
- Website
- H••••://WWW.A••••INVESTMENTS.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 312-726-0140reportedpublic record, Form ADV, Jul 28, 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
- $2.1Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026