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•• A•••• M••••••••• P•• L••

Institutional managerSingapore, CRD 109189SEC 801-56213websiteIAPD
Latest filing Mar 18, 2026
First filing on the tape Mar 26, 2012 · 40 filings
SEC status approved since Jan 22, 1999
RAUM
$2.2B
reported, Item 5.F
Discretionary
100%
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
39
17 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
40 filings and snapshots on the tape
RAUM$2.2B as of Mar 18, 2026
Mar 26, 2012$1.6B then
HNW client RAUM$22.7M as of Mar 15, 2022
Mar 29, 2018$31.1M then
State-registered IARs (5.B.3)0 as of Mar 18, 2026
Mar 28, 20130 then
Employees (5.A)39 as of Mar 18, 2026
Mar 28, 201349 then
Private funds2 as of Mar 15, 2022
Mar 26, 20122 then
RAUM +26% over the last fiscal year-3.1% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 18, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
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
$318MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
71%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
+26%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, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • 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
  • Sovereign wealth funds$1.6B71%
  • Pooled investment vehicles$651M29%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
7reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.29 institutional_share=0.71 related_bd=false related_bank=false bd_reps=0.0derived
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
      Private funds
      9 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      A•• A•• C•••• L••• S•••• F•••no longer reportedHedge Fund$304M22Mar 26, 2012
      A•• C•••• A• S•••• ••••••• F•••no longer reportedOther Private Fund$280M39Feb 13, 2012
      A•• A••• P•••••• L••• S•••• ••••••• F•••no longer reportedHedge Fund$253M48Mar 26, 2012
      A•• J•••• A•••• F•••no longer reportedOther Private Fund$169M43Apr 10, 2013
      A•• F•••no longer reportedOther Private Fund$122M80Mar 28, 2013
      A•• F•• E••• A•••• F•••no longer reportedOther Private Fund$73.4M13Apr 10, 2013
      A•• V•••••• A•••• F•••no longer reportedOther Private Fund$50.6M32Apr 10, 2013
      A•• A••• P•••••• L••• S•••• F•••no longer reportedHedge Fund$33.6M8Mar 30, 2015
      A•• G•••••• C•••• A•••• F•••no longer reportedOther Private Fund$8.6M19Apr 10, 2013
      Owners and control persons
      Schedule A and B, latest filing
      • L••• S•••• K••• · Chairmancontrol
        since 10/2015 · owns less than 5%
      • L••• W•••••• · Chief Compliance Officercontrol
        since 06/2024 · owns less than 5%
      • L•• L•• F•••• N•• · General Manager & Chief Operating Officercontrol
        since 06/2017 · owns less than 5%
      • T••• K••• Y••• N•• · Executive Directorcontrol
        since 07/2005 · owns less than 5%
      • W•••• K•••••••• N•• · Non Executive Directorcontrol
        since 08/2024 · owns less than 5%
      • W•••• K•• H••• N•• · Executive Director & Chief Investment Officercontrol
        since 04/1995 · owns 75% or more
      • Z••••• Q•••• N•• · Non Executive Directorcontrol
        since 03/2014 · owns less than 5%
      Related persons
      Schedule D 7.A
      No related person reported.
      Advisers that list A•• A•••• M••••••••• P•• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 15 to 17
        Apr 8, 2025 to Mar 18, 2026
      • Pooled vehicle clients · 5 to 6
        Apr 8, 2025 to Mar 18, 2026
      • Employees · 37 to 39
        Apr 8, 2025 to Mar 18, 2026
      • Discretionary RAUM · $1.8B to $2.2B
        Apr 8, 2025 to Mar 18, 2026
      • Pooled vehicle RAUM · $507M to $651M
        Apr 8, 2025 to Mar 18, 2026
      • RAUM · $1.8B to $2.2B
        Apr 8, 2025 to Mar 18, 2026
      • Employees · 41 to 37
        Aug 22, 2024 to Apr 8, 2025
      • Financial planning clients · 0 to 0
        Aug 22, 2024 to Apr 8, 2025
      • HQ state · unset to
        Aug 22, 2024 to Apr 8, 2025
      • Discretionary RAUM · $1.5B to $1.8B
        Aug 22, 2024 to Apr 8, 2025
      • Non-discretionary RAUM · $63.9M to $0
        Aug 22, 2024 to Apr 8, 2025
      • Pooled vehicle RAUM · $512M to $507M
        Aug 22, 2024 to Apr 8, 2025
      • RAUM · $1.5B to $1.8B
        Aug 22, 2024 to Apr 8, 2025
      • Accounts · 9 to 7
        Feb 8, 2023 to Mar 21, 2024
      • Advisory employees · 16 to 15
        Feb 8, 2023 to Mar 21, 2024
      • Employees · 40 to 41
        Feb 8, 2023 to Mar 21, 2024
      • Discretionary RAUM · $2.3B to $1.5B
        Feb 8, 2023 to Mar 21, 2024
      • Non-discretionary RAUM · $106M to $63.9M
        Feb 8, 2023 to Mar 21, 2024
      • Pooled vehicle RAUM · $674M to $512M
        Feb 8, 2023 to Mar 21, 2024
      • RAUM · $2.4B to $1.5B
        Feb 8, 2023 to Mar 21, 2024
      • Accounts · 7 to 9
        Sep 12, 2022 to Feb 8, 2023
      • Advisory employees · 15 to 16
        Sep 12, 2022 to Feb 8, 2023
      • Pooled vehicle clients · 3 to 5
        Sep 12, 2022 to Feb 8, 2023
      • Employees · 45 to 40
        Sep 12, 2022 to Feb 8, 2023
      • Private funds · 2 to unset
        Sep 12, 2022 to Feb 8, 2023
      • Discretionary RAUM · $2.0B to $2.3B
        Sep 12, 2022 to Feb 8, 2023
      • Non-discretionary RAUM · $127M to $106M
        Sep 12, 2022 to Feb 8, 2023
      • Pooled vehicle RAUM · $298M to $674M
        Sep 12, 2022 to Feb 8, 2023
      • RAUM · $2.1B to $2.4B
        Sep 12, 2022 to Feb 8, 2023
      • Related adviser · true to false
        Sep 12, 2022 to Feb 8, 2023
      • Related bank · true to false
        Sep 12, 2022 to Feb 8, 2023
      • Accounts · 49 to 7
        Apr 25, 2022 to Sep 12, 2022
      • Corporate clients · 31.0 to unset
        Apr 25, 2022 to Sep 12, 2022
      • HNW clients · 10.0 to unset
        Apr 25, 2022 to Sep 12, 2022
      • Pooled vehicle clients · 1 to 3
        Apr 25, 2022 to Sep 12, 2022
      • HNW RAUM · 22682395.0 to unset
        Apr 25, 2022 to Sep 12, 2022
      • Pooled vehicle RAUM · $127M to $298M
        Apr 25, 2022 to Sep 12, 2022
      • Accounts · 16 to 49
        Sep 6, 2021 to Mar 15, 2022
      • Advisory employees · 20 to 15
        Sep 6, 2021 to Mar 15, 2022
      • Corporate clients · 10 to 31
        Sep 6, 2021 to Mar 15, 2022
      Signals
      9 dated events
      • A•• A•••• M••••••••• P•• L•• reported RAUM $2.2B, up 26% from $1.8B (2025-04-08 to 2026-03-18)
        Mar 18, 2026 · RAUM change · derived
      • Nmn Kangning Wang (Non Executive Director) appeared on Schedule A of A•• A•••• M••••••••• P•• L••
        Aug 22, 2024 · Control person joined · fact
      • Ee Hui E••••• Tan (Chief Compliance Officer) no longer on Schedule A of A•• A•••• M••••••••• P•• L•• (listed 2024-03-21, absent 2024-07-04)
        Jul 4, 2024 · Control person left · inference
      • W•••••• Lim (Chief Compliance Officer) appeared on Schedule A of A•• A•••• M••••••••• P•• L••
        Jul 4, 2024 · Control person joined · fact
      • A•• A•••• M••••••••• P•• L•• reported RAUM $1.5B, down 37% from $2.4B (2023-02-08 to 2024-03-21)
        Mar 21, 2024 · RAUM change · derived
      • S••••• Bao (Chief Compliance Officer) no longer on Schedule A of A•• A•••• M••••••••• P•• L•• (listed 2022-04-25, absent 2022-09-12)
        Sep 12, 2022 · Control person left · inference
      • Ee Hui E••••• Tan (Chief Compliance Officer) appeared on Schedule A of A•• A•••• M••••••••• P•• L••
        Sep 12, 2022 · Control person joined · fact
      • A•• A•••• M••••••••• P•• L•• reported RAUM $1.9B, up 38% from $1.4B (2020-07-29 to 2021-03-29)
        Mar 29, 2021 · RAUM change · derived
      • A•• A•••• M••••••••• P•• L•• reported RAUM $1.4B, down 32% from $2.1B (2017-12-06 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.
      How to reach
      public business contact points only, each with its source
      Website
      APS.COM.SGreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      65-6333-8600reportedpublic record, Form ADV, Mar 18, 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
      Institutional managerderiveda 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