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••••• S•••• W••••
Wealth manager with institutional or fund businessPurchase, New YorkCRD 109686SEC 801-56910websiteIAPD
Legal name S•••• W•••• A••••••• L••
Latest filing Mar 30, 2026
First filing on the tape Mar 30, 2012 · 29 filings
SEC status approved since Oct 12, 1999
RAUM
$670M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
32%
$216M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
12
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$670M as of Mar 30, 2026
Mar 30, 2012$585M then
HNW client RAUM$203M as of Mar 30, 2026
Mar 29, 2018$575M then
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 30, 20120 then
Employees (5.A)12 as of Mar 30, 2026
Mar 27, 201349 then
Private funds: no history
RAUM -2.0% over the last fiscal year-3.9% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 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
- $2.3MderivedHNW RAUM over HNW clients
- Average account
- $4.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 68%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
- -2.0%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- -1.4%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individualsreportedItem 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)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Charitable organizations$444M66%
- High-net-worth individuals$203M30%
- Individuals$12.9M1.9%
- Pension and profit-sharing plans$9.0M1.4%
- Individual clients
- 51reported
- HNW clients
- 90reported
- Pension plan clients
- n/areported
- Charitable clients
- 17reported
- Accounts
- 161reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.32 fund_share=0.0 institutional_share=0.68 related_bd=false related_bank=true 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
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B•••• A•••••• M•••• · Chief Operations Officercontrolsince 06/2008 · owns 25% to 50%
- H••••••••• B••••• S•••• · Chief Investment Officercontrolsince 06/2022 · owns 10% to 25%
- H•••• S••••• M•••• · Chief M•••Et Strategistcontrolsince 06/2022 · owns 10% to 25%
- N•••••• S••••• C••••• · Chief Compliance Officercontrolsince 05/2018 · owns less than 5%
- S•••••••• M•••• T••••• · Chief Executive Officercontrolsince 06/2022 · owns 25% to 50%
- B•••• A•••••• M•••• · Managing Membercontrolsince 06/2022 · owns 25% to 50% of A••••• S•••• W••••• L••
- S•••••••• M•••• T••••• · Membercontrolsince 06/2022 · owns 25% to 50% of A••••• S•••• W••••• L••
Entity owners
- A••••• S•••• W••••• L•• · Managing Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- A••••• W•••• A•••••••• L••pooled vehicle sponsorn
- A••••• W•••• C•••••• I••••••••• L••investment adviserbankpooled vehicle sponsornRAUM $181M
- A••••• W•••• M•••••• F•••• G• L••pooled vehicle sponsorn
Advisers that list A••••• S•••• W•••• as a related person
- 112496 n
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
5 against comparable advisers; where to look, not conclusions
- wealth to institutional shiftCombination · filing Mar 30, 2026private-client share fell 15 points or more while institutional share rose 15 points or more. RAUM $683,377,440 to $669,584,000, advisors 0 to 0, private clients 143 to 141, offices 0 to 0 (2025-03-31 to 2026-03-30)peers: independent wealth managers, $500M to $1B (1,482)
- high institutional concentrationStatic outlier · filing Mar 30, 2026institutional share of RAUM of 68% against a peer median of 2% (1482 comparable advisers, 99.0th percentile, 22.3 robust deviations)peers: independent wealth managers, $500M to $1B (1,482) · 99% percentile
- institutional asset share shiftChange between filings · filing Mar 30, 2026institutional share of RAUM moved from 46.0% to 68.0% between the annual amendments of 2025-03-31 and 2026-03-30peers: independent wealth managers, $500M to $1B (1,482)
- client mix shiftChange between filings · filing Mar 30, 2026private-client share of RAUM moved from 54.0% to 32.0% between the annual amendments of 2025-03-31 and 2026-03-30peers: independent wealth managers, $500M to $1B (1,482)
- HNW share shiftChange between filings · filing Mar 30, 2026HNW share of RAUM moved from 52.0% to 30.0% between the annual amendments of 2025-03-31 and 2026-03-30peers: independent wealth managers, $500M to $1B (1,482)
What changed
consecutive filings, newest first
- Accounts · 160 to 161Mar 31, 2025 to Mar 30, 2026
- Business name · S•••• W•••• A••••••• L•• to A••••• S•••• W••••Mar 31, 2025 to Mar 30, 2026
- Charity clients · 14 to 17Mar 31, 2025 to Mar 30, 2026
- HNW clients · 86 to 90Mar 31, 2025 to Mar 30, 2026
- Individual clients · 57 to 51Mar 31, 2025 to Mar 30, 2026
- Discretionary RAUM · $683M to $670MMar 31, 2025 to Mar 30, 2026
- HNW RAUM · $357M to $203MMar 31, 2025 to Mar 30, 2026
- Individual RAUM · $15.1M to $12.9MMar 31, 2025 to Mar 30, 2026
- Pension RAUM · $7.0M to $9.0MMar 31, 2025 to Mar 30, 2026
- RAUM · $683M to $670MMar 31, 2025 to Mar 30, 2026
- Accounts · 163 to 160Mar 27, 2024 to Mar 31, 2025
- HNW clients · 87 to 86Mar 27, 2024 to Mar 31, 2025
- Individual clients · 59 to 57Mar 27, 2024 to Mar 31, 2025
- Employees · 14 to 12Mar 27, 2024 to Mar 31, 2025
- Financial planning clients · unset to Mar 27, 2024 to Mar 31, 2025
- Discretionary RAUM · $719M to $683MMar 27, 2024 to Mar 31, 2025
- HNW RAUM · $470M to $357MMar 27, 2024 to Mar 31, 2025
- Individual RAUM · $14.0M to $15.1MMar 27, 2024 to Mar 31, 2025
- Pension RAUM · $7.4M to $7.0MMar 27, 2024 to Mar 31, 2025
- RAUM · $719M to $683MMar 27, 2024 to Mar 31, 2025
- Accounts · 152 to 163Dec 13, 2023 to Mar 27, 2024
- Charity clients · 12 to 14Dec 13, 2023 to Mar 27, 2024
- HNW clients · 113 to 87Dec 13, 2023 to Mar 27, 2024
- Individual clients · 25 to 59Dec 13, 2023 to Mar 27, 2024
- Employees · 15 to 14Dec 13, 2023 to Mar 27, 2024
- Discretionary RAUM · $753M to $719MDec 13, 2023 to Mar 27, 2024
- HNW RAUM · $477M to $470MDec 13, 2023 to Mar 27, 2024
- Individual RAUM · $3.6M to $14.0MDec 13, 2023 to Mar 27, 2024
- Pension RAUM · $7.3M to $7.4MDec 13, 2023 to Mar 27, 2024
- RAUM · $753M to $719MDec 13, 2023 to Mar 27, 2024
- Accounts · 151 to 152Sep 20, 2022 to Mar 31, 2023
- Charity clients · 10 to 12Sep 20, 2022 to Mar 31, 2023
- HNW clients · 97 to 113Sep 20, 2022 to Mar 31, 2023
- Individual clients · 42 to 25Sep 20, 2022 to Mar 31, 2023
- Employees · 17 to 15Sep 20, 2022 to Mar 31, 2023
- Discretionary RAUM · $1.0B to $753MSep 20, 2022 to Mar 31, 2023
- HNW RAUM · $703M to $477MSep 20, 2022 to Mar 31, 2023
- Individual RAUM · $10.8M to $3.6MSep 20, 2022 to Mar 31, 2023
- Pension RAUM · $8.8M to $7.3MSep 20, 2022 to Mar 31, 2023
- RAUM · $1.0B to $753MSep 20, 2022 to Mar 31, 2023
Signals
8 dated events
- Chanfu Joe Caruso (Chief Financial Officer) no longer on Schedule A of A••••• S•••• W•••• (listed 2023-03-31, absent 2023-12-13)Dec 13, 2023 · Control person left · inference
- Thomas Mark Spellman (Chief Executive Officer) appeared on Schedule A of A••••• S•••• W••••Sep 20, 2022 · Control person joined · fact
- Marie Sarah Hunt (Chief Market Strategist) appeared on Schedule A of A••••• S•••• W••••Sep 20, 2022 · Control person joined · fact
- Scott Brian Hennessey (Chief Investment Officer) appeared on Schedule A of A••••• S•••• W••••Sep 20, 2022 · Control person joined · fact
- Andrew Stephen Lieber (Member) no longer on Schedule A of A••••• S•••• W•••• (listed 2020-06-30, absent 2021-03-31)Mar 31, 2021 · Control person left · inference
- Alfred Samuel Lieber (President) no longer on Schedule A of A••••• S•••• W•••• (listed 2019-03-29, absent 2019-07-30)Jul 30, 2019 · Control person left · inference
- Chanfu Joe Caruso (Chief Financial Officer) appeared on Schedule A of A••••• S•••• W••••Mar 29, 2019 · Control person joined · fact
- Robert Jay Zuffante (Controller) no longer on Schedule A of A••••• S•••• W•••• (listed 2018-06-04, absent 2019-03-29)Mar 29, 2019 · Control person left · inference
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
- Business email
- i•••@a•••••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- n••@a•••••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 914-251-0880reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- A•••••S••••W••••.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 914-251-0880reportedpublic record, Form ADV, Mar 30, 2026
- Contact form
- a•••••••••.comreportedpublished by the firm, firm site, Sep 16, 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
- Wealth manager with institutional or fund businessderiveda 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