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.

Former SEC-registered adviser

Hillview Capital Advisors, LLC

Former SEC-registered adviserWayne, PennsylvaniaCRD 109071SEC 801-56284IAPD
Latest filing Mar 26, 2019
First filing on the tape Mar 1, 2012 · 18 filings
RAUM
$849M
reported, Item 5.F
Discretionary
76%
of RAUM
Private clients
67%
$572M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
12
9 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$849M as of Mar 26, 2019
Mar 1, 2012$1.3B then
HNW client RAUM$567M as of Mar 26, 2019
Mar 29, 2018$626M then
State-registered IARs (5.B.3)7 as of Mar 26, 2019
Mar 18, 20139 then
Employees (5.A)12 as of Mar 26, 2019
Mar 18, 201319 then
Private funds3 as of Mar 31, 2017
Mar 1, 20123 then
RAUM -4.6% over the last fiscal year-18% a year over threeIARs 7 to 7
Practice profile
derived from the filing of Mar 26, 2019; every figure names its basis
RAUM per advisor
$121MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
10derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$8.7MderivedHNW RAUM over HNW clients
Average account
$2.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
76%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
3.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-4.6%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-10%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisers, educational seminarsreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$567M67%
  • Other investment advisers$199M24%
  • Pooled investment vehicles$70.4M8.3%
  • Corporations and businesses$7.2M0.9%
  • Individuals$4.3M0.5%
Individual clients
7reported
HNW clients
65reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
328reported
Financial planning clients
51-100reported
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
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Jay Jonathan Hochberg · Owner, Managing Member, President, Member Of Investment Committeecontrol
      since 03/2005 · owns 50% to 75%
    • Marya Gillian Johnson · Chief Operating Officer And Chief Compliance Officercontrol
      since 01/2015 · owns less than 5%
    • Anne Elizabeth Kelly · Partner, Chief Financial Officercontrol
      since 04/2006 · owns less than 5%
    • Francis James Madden · Partner, Managing Director Of Client Wealth Advisory Servicescontrol
      since 04/2001 · owns less than 5%
    • Stuart Paul Platkin · Partner, Chief Investment Officercontrol
      since 04/2016 · owns less than 5%
    • Michael David Spungen · Owner, Managing Member, Chief Executive Officer, Member Of Investment Committeecontrol
      since 04/1999 · owns 50% to 75%
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    • New York, NY6 employees
    What changed
    consecutive filings, newest first
    • Accounts · 345 to 328
      Mar 29, 2018 to Mar 26, 2019
    • HNW clients · 72 to 65
      Mar 29, 2018 to Mar 26, 2019
    • Individual clients · 8 to 7
      Mar 29, 2018 to Mar 26, 2019
    • Discretionary RAUM · $715M to $649M
      Mar 29, 2018 to Mar 26, 2019
    • HNW RAUM · $626M to $567M
      Mar 29, 2018 to Mar 26, 2019
    • Individual RAUM · $8.6M to $4.3M
      Mar 29, 2018 to Mar 26, 2019
    • Non-discretionary RAUM · $174M to $199M
      Mar 29, 2018 to Mar 26, 2019
    • Pooled vehicle RAUM · $73.6M to $70.4M
      Mar 29, 2018 to Mar 26, 2019
    • RAUM · $889M to $849M
      Mar 29, 2018 to Mar 26, 2019
    • Accounts · 628 to 345
      Mar 31, 2017 to Mar 29, 2018
    • Advisory employees · 10 to 9
      Mar 31, 2017 to Mar 29, 2018
    • HNW clients · unset to 72.0
      Mar 31, 2017 to Mar 29, 2018
    • Individual clients · unset to 8.0
      Mar 31, 2017 to Mar 29, 2018
    • Pooled vehicle clients · unset to 4.0
      Mar 31, 2017 to Mar 29, 2018
    • Assets in custody · 59952634.0 to unset
      Mar 31, 2017 to Mar 29, 2018
    • Custody of client assets · true to false
      Mar 31, 2017 to Mar 29, 2018
    • Employees · 14 to 12
      Mar 31, 2017 to Mar 29, 2018
    • State-registered IARs · 9 to 7
      Mar 31, 2017 to Mar 29, 2018
    • Other offices · unset to 1.0
      Mar 31, 2017 to Mar 29, 2018
    • Private funds · 3 to unset
      Mar 31, 2017 to Mar 29, 2018
    • Discretionary RAUM · $670M to $715M
      Mar 31, 2017 to Mar 29, 2018
    • HNW RAUM · unset to 625817328.0
      Mar 31, 2017 to Mar 29, 2018
    • Individual RAUM · unset to 8564187.0
      Mar 31, 2017 to Mar 29, 2018
    • Non-discretionary RAUM · $2.1M to $174M
      Mar 31, 2017 to Mar 29, 2018
    • Pooled vehicle RAUM · unset to 73603189.0
      Mar 31, 2017 to Mar 29, 2018
    • RAUM · $672M to $889M
      Mar 31, 2017 to Mar 29, 2018
    • Accounts · 700 to 628
      Apr 30, 2016 to Mar 31, 2017
    • Advisory employees · 14 to 10
      Apr 30, 2016 to Mar 31, 2017
    • Assets in custody · $101M to $60.0M
      Apr 30, 2016 to Mar 31, 2017
    • Employees · 16 to 14
      Apr 30, 2016 to Mar 31, 2017
    • Discretionary RAUM · $700M to $670M
      Apr 30, 2016 to Mar 31, 2017
    • Non-discretionary RAUM · $752,430 to $2.1M
      Apr 30, 2016 to Mar 31, 2017
    • RAUM · $701M to $672M
      Apr 30, 2016 to Mar 31, 2017
    • Accounts · 744 to 700
      Mar 9, 2016 to Apr 30, 2016
    • Discretionary RAUM · $1.6B to $700M
      Mar 9, 2016 to Apr 30, 2016
    • Non-discretionary RAUM · $0 to $752,430
      Mar 9, 2016 to Apr 30, 2016
    • RAUM · $1.6B to $701M
      Mar 9, 2016 to Apr 30, 2016
    • Accounts · 723 to 744
      Nov 16, 2015 to Mar 9, 2016
    • Advisory employees · 18 to 14
      Nov 16, 2015 to Mar 9, 2016
    • Assets in custody · $81.7M to $101M
      Nov 16, 2015 to Mar 9, 2016
    Signals
    1 dated events
    • Hillview Capital Advisors, Llc reported RAUM $889.1M, up 32% from $672.1M (2017-03-31 to 2018-03-29)
      Mar 29, 2018 · RAUM change · derived
    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