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

I••••••• C•••••• A•••• M••••••••• L••

Former SEC-registered adviserPalm Beach Gardens, FloridaCRD 108258SEC 801-67961IAPD
Latest filing Jun 5, 2023
First filing on the tape Mar 29, 2012 · 18 filings
RAUM
$394M
reported, Item 5.F
Discretionary
28%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
13
6 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
1
$108M gross assets
History
18 filings and snapshots on the tape
RAUM$394M as of Mar 31, 2023
Mar 29, 2012$112M then
HNW client RAUM$0 as of Mar 31, 2023
Mar 30, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 31, 2023
Mar 29, 20120 then
Employees (5.A)13 as of Mar 31, 2023
Jan 31, 201330 then
Private funds1 as of Mar 31, 2023
Mar 29, 20121 then
RAUM -37% over the last fiscal year+17% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 5, 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
$131MderivedRAUM over accounts (5.F.2.f)
Discretionary
28%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
-37%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 assets, subscription, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, otherreportedItem 5.G
Custody
$108M, 1 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)
  • 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
  • Pooled investment vehicles$108M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$108M for 1 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
Private funds
10 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
L••• B••• P•••••••• L••Hedge Fund$108M68Mar 29, 2012
I• L••••••• I••••• F•••• L••no longer reportedHedge Fund$39.8M4Mar 31, 2020
H••••• C•••• E••••• P•••••• A••• L•••no longer reportedPrivate Equity Fund$19.0M26Feb 14, 2012
H••••• C•••• E••••• P••••••• ••••••• A••• L•••no longer reportedPrivate Equity Fund$7.6M12Feb 14, 2012
H••••• C•••• E••••• P•••••••• L•••no longer reportedPrivate Equity Fund$5.5M26Feb 14, 2012
I• V••••••••• F•••no longer reportedHedge Fund$3.5M4Mar 31, 2014
H••••• C•••• E••••• P••••••• C••••••••• L•••no longer reportedPrivate Equity Fund$2.9M25Feb 14, 2012
H••• P•••••••• L•••no longer reportedPrivate Equity Fund$561,53616Feb 14, 2012
H••••• C•••• E••••• P••••••• •••••• T•••• L•••no longer reportedPrivate Equity Fund$391,6023Feb 14, 2012
H••••• C•••• E••••• P••••••• •••••••• L•••no longer reportedPrivate Equity Fund$295,16512Feb 14, 2012
Owners and control persons
Schedule A and B, latest filing
  • M•••••• M•••• C••••••••• · Coo And Cfocontrol
    since 09/1997 · owns less than 5%
  • R••••• J••••• W••••• · Chairman And Ceocontrol
    since 09/1997 · owns less than 5%
  • W•••••• T•••• E••••• · Chief Compliance Officercontrol
    since 06/2014 · owns less than 5%
  • R••••• J••••• W••••• · Membercontrol
    since 06/2001 · owns 50% to 75% of I••••••• C•••••• G•••• H•••••••• L••
  • W••••••• R••••••• E••• · Membercontrol
    since 06/2001 · owns 50% to 75% of I••••••• C•••••• G•••• H•••••••• L••
Entity owners
  • I••• H•••••••• L••• · Member
    direct · owns 75% or more
  • I••••••• C•••••• G•••• H•••••••• L•• · Member
    indirect · owns 75% or more of I••• Holdings, LLC
Related persons
Schedule D 7.A
  • I••••••• C•••••• ••••••••• L••
    broker-dealern
  • I••••••• C•••••• S••••••• D• I••••••••• M••••••••
    broker-dealern
  • I••••••• C••••••• L••
    broker-dealern
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Palm Beach Gardens, Fl · principal000
Offices
Schedule D 1.F, the 25 largest
  • New York, NY3 employees
  • Los Angeles, CA1 employees
What changed
consecutive filings, newest first
  • Accounts · 12 to 3
    Mar 31, 2022 to Mar 31, 2023
  • Advisory employees · 8 to 6
    Mar 31, 2022 to Mar 31, 2023
  • BD registered reps · 11 to 8
    Mar 31, 2022 to Mar 31, 2023
  • Pooled vehicle clients · 10 to 1
    Mar 31, 2022 to Mar 31, 2023
  • Assets in custody · $250M to $108M
    Mar 31, 2022 to Mar 31, 2023
  • Employees · 23 to 13
    Mar 31, 2022 to Mar 31, 2023
  • Private funds · 8 to 1
    Mar 31, 2022 to Mar 31, 2023
  • Discretionary RAUM · $242M to $108M
    Mar 31, 2022 to Mar 31, 2023
  • Non-discretionary RAUM · $387M to $285M
    Mar 31, 2022 to Mar 31, 2023
  • Pooled vehicle RAUM · $242M to $108M
    Mar 31, 2022 to Mar 31, 2023
  • RAUM · $629M to $394M
    Mar 31, 2022 to Mar 31, 2023
  • Advisory employees · 9 to 8
    Nov 11, 2021 to Mar 31, 2022
  • BD registered reps · 12 to 11
    Nov 11, 2021 to Mar 31, 2022
  • Assets in custody · $173M to $250M
    Nov 11, 2021 to Mar 31, 2022
  • Employees · 22 to 23
    Nov 11, 2021 to Mar 31, 2022
  • Discretionary RAUM · $173M to $242M
    Nov 11, 2021 to Mar 31, 2022
  • Non-discretionary RAUM · $505M to $387M
    Nov 11, 2021 to Mar 31, 2022
  • Pooled vehicle RAUM · $173M to $242M
    Nov 11, 2021 to Mar 31, 2022
  • RAUM · $678M to $629M
    Nov 11, 2021 to Mar 31, 2022
  • Accounts · 11 to 12
    Aug 5, 2020 to Mar 31, 2021
  • Advisory employees · 16 to 9
    Aug 5, 2020 to Mar 31, 2021
  • Advisory activities · 2 to 3
    Aug 5, 2020 to Mar 31, 2021
  • BD registered reps · 23 to 12
    Aug 5, 2020 to Mar 31, 2021
  • Pooled vehicle clients · 11 to 10
    Aug 5, 2020 to Mar 31, 2021
  • Assets in custody · $245M to $173M
    Aug 5, 2020 to Mar 31, 2021
  • Employees · 28 to 22
    Aug 5, 2020 to Mar 31, 2021
  • HQ city · LOS ANGELES to PALM BEACH GARDENS
    Aug 5, 2020 to Mar 31, 2021
  • HQ state · CA to FL
    Aug 5, 2020 to Mar 31, 2021
  • State-registered IARs · 20 to 0
    Aug 5, 2020 to Mar 31, 2021
  • Other offices · 0 to 2
    Aug 5, 2020 to Mar 31, 2021
  • Private funds · 2 to 8
    Aug 5, 2020 to Mar 31, 2021
  • Discretionary RAUM · $245M to $173M
    Aug 5, 2020 to Mar 31, 2021
  • Non-discretionary RAUM · $0 to $505M
    Aug 5, 2020 to Mar 31, 2021
  • Pooled vehicle RAUM · $245M to $173M
    Aug 5, 2020 to Mar 31, 2021
  • RAUM · $245M to $678M
    Aug 5, 2020 to Mar 31, 2021
  • Accounts · 1 to 11
    Mar 30, 2019 to Mar 31, 2020
  • Advisory employees · 17 to 16
    Mar 30, 2019 to Mar 31, 2020
  • BD registered reps · 22 to 23
    Mar 30, 2019 to Mar 31, 2020
  • Pooled vehicle clients · 1 to 11
    Mar 30, 2019 to Mar 31, 2020
  • Assets in custody · $121M to $245M
    Mar 30, 2019 to Mar 31, 2020
Signals
6 dated events
  • M•••• B•••••• left I••••••• C•••••• A•••• M••••••••• L•• for M••••• S•••••• L•• (registered 2025-01-27)
    Mar 30, 2024 · a•••••• firm c••••e · fact
  • I••••••• C•••••• A•••• M••••••••• L•• reported RAUM $393.7M, down 37% from $629.0M (2022-03-31 to 2023-03-31)
    Mar 31, 2023 · ria raum c••••e · derived
  • P••• A••••• left I••••••• C•••••• A•••• M••••••••• L•• for G•••• E•• C•••••• M••••••••• L•• (registered 2022-10-25)
    Jul 12, 2022 · a•••••• firm c••••e · fact
  • I••••••• C•••••• A•••• M••••••••• L•• reported 0 state-registered advisory representatives, down from 20 (2020-08-05 to 2021-03-31)
    Mar 31, 2021 · ria a•••••• headcount c••••e · derived
  • I••••••• C•••••• A•••• M••••••••• L•• reported RAUM $678.0M, up 176% from $245.4M (2020-08-05 to 2021-03-31)
    Mar 31, 2021 · ria raum c••••e · derived
  • I••••••• C•••••• A•••• M••••••••• L•• reported RAUM $245.4M, up 104% from $120.6M (2019-03-30 to 2020-03-31)
    Mar 31, 2020 · ria raum c••••e · 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