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
B••••••• I•••
Latest filing Sep 17, 2026
First filing on the tape Mar 30, 2012 · 46 filings
SEC status approved since Mar 3, 1972
RAUM
$7.6B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
71%
$5.4B individuals and HNW
Advisors
40
registered through the firm on IAPD
RAUM per advisor
$189M
derived; firm RAUM over IAPD count
Employees
83
42 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
46 filings and snapshots on the tape
RAUM$7.6B as of Aug 14, 2026
Jun 29, 2012$1.9B then
HNW client RAUM$5.3B as of Aug 14, 2026
Jun 29, 2018$2.3B then
State-registered IARs (5.B.3)43 as of Aug 14, 2026
Jun 28, 201327 then
Employees (5.A)83 as of Aug 14, 2026
Jun 28, 201345 then
Private funds1 as of Aug 14, 2026
Jun 29, 20123 then
RAUM +25% over the last fiscal year+11% a year over threeIARs 42 to 43offices 1 to 2
Practice profile
derived from the filing of Sep 17, 2026; every figure names its basis
- RAUM per advisor
- $189MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 27derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $6.3MderivedHNW RAUM over HNW clients
- Average account
- $2.7MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 18%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.1derivedItem 5.A over advisors
- Advisors per office
- 13.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +7.8%derivedbetween the last two annual amendments
- Advisor growth, one year
- +2.4%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +2.9%derived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, publications, educational seminars, otherreportedItem 5.G
- Custody
- $3.4B, 684 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)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$5.3B70%
- Sovereign wealth funds$982M13%
- Pooled investment vehicles$681M9.0%
- Charitable organizations$389M5.1%
- Individuals$110M1.5%
- Investment companies$62.3M0.8%
- Other investment advisers$32.6M0.4%
- Corporations and businesses$21.8M0.3%
- Pension and profit-sharing plans$16.0M0.2%
- Individual clients
- 237reported
- HNW clients
- 831reported
- Pension plan clients
- 3reported
- Charitable clients
- 49reported
- Accounts
- 2,825reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- $3.4B for 684 clientsreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.71 fund_share=0.1 institutional_share=0.18 related_bd=false related_bank=true bd_reps=0.0 bank_owner=falsederived
Advisors registered through the firm
40 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| D•••• L•• D••••••••• | Foster City, Ca | Jul 8, 1997 | 43 y | 0 |
| A••••• M••• G••••••• | Foster City, Ca | Jul 8, 1997 | 44 y | 0 |
| D••• M•••••• S•••••Certified Financial Planner, Chartered Financial Analyst | Foster City, Ca | Jul 8, 1997 | 32 y | 0 |
| E•••••• V••••••••• F•••••Certified Financial Planner | Foster City, Ca | Jul 8, 1997 | 41 y | 0 |
| R••• S•••• P•••••••••Certified Financial Planner | Foster City, Ca | Jul 25, 2001 | 29 y | 0 |
| S•••• E••• K•••Certified Financial Planner | Foster City, Ca | Jul 25, 2001 | 28 y | 0 |
| S•••• T••••••• M•••••Chartered Financial Analyst | Foster City, Ca | Jul 25, 2001 | 32 y | 0 |
| T••••• J••• M••••Chartered Financial Analyst | Foster City, Ca | Jul 25, 2001 | 39 y | 0 |
| K••••••• M••••• A•••••Certified Financial Planner | Foster City, Ca | Jul 25, 2001 | 30 y | 0 |
| G•••• A•••••• D••••Chartered Financial Analyst | Foster City, Ca | Feb 2, 2005 | 35 y | 0 |
| M•••••• J••• F••••Chartered Financial Analyst | Foster City, Ca | Oct 28, 2008 | 32 y | 0 |
| D•••• H••••••• S••••Chartered Financial Analyst | Foster City, Ca | Sep 10, 2009 | 17 y | 0 |
| E••• M•••• R••••••• | Milton, Ga | Jul 14, 2011 | 16 y | 0 |
| L•••• B•••Chartered Financial Analyst | Foster City, Ca | Feb 14, 2013 | 32 y | 0 |
| C••••••••• J•••• M•••• | Foster City, Ca | May 1, 2015 | 24 y | 1 |
| D••••• J••••• M•••••••Chartered Financial Analyst | Foster City, Ca | May 7, 2015 | 15 y | 0 |
| B•••••• P•••••• L•••••Certified Financial Planner | Townsend, Mt | Sep 17, 2015 | 12 y | 0 |
| F••••••• M••••••Chartered Financial Analyst | Foster City, Ca | Sep 28, 2016 | 23 y | 2 |
| J••••••• L•••• M•••••••••Certified Financial Planner, Chartered Financial Analyst | Foster City, Ca | Sep 28, 2016 | 25 y | 1 |
| B••••• C•••••• T••••••• | Foster City, Ca | Sep 28, 2016 | 26 y | 2 |
| A••••• G••• L••••••••Certified Financial Planner | Foster City, Ca | Mar 21, 2017 | 10 y | 0 |
| S•••• P•••• D•••••Certified Financial Planner | Foster City, Ca | Aug 23, 2017 | 19 y | 0 |
| O•••• T•••• A••••Chartered Financial Analyst | Foster City, Ca | Jun 12, 2019 | 14 y | 0 |
| B••••••• K••• L•••••• | Larchmont, Ny | Oct 28, 2019 | 19 y | 2 |
| L••• M• M••••••••Certified Financial Planner | Buckholts, Tx | Jan 5, 2021 | 25 y | 2 |
| J••••• L•• H•••••Chartered Financial Analyst | Foster City, Ca | Mar 8, 2021 | 45 y | 0 |
| S••••• M•••• R••••Chartered Financial Analyst | Foster City, Ca | Sep 24, 2021 | 31 y | 1 |
| D•••• P•••••••• J••••Certified Financial Planner | Foster City, Ca | Sep 24, 2021 | 11 y | 1 |
| S•••••••• W• R••••• | Foster City, Ca | Jan 25, 2022 | 23 y | 2 |
| A••••••• M•• D•••••• | Foster City, Ca | Jan 10, 2023 | 11 y | 2 |
| N••• A••••• H••••• | Foster City, Ca | Feb 28, 2023 | 14 y | 0 |
| J••••••• R••••• W••••••••• | Foster City, Ca | Oct 16, 2023 | 13 y | 0 |
| R••• W• C•••Certified Financial Planner | Foster City, Ca | Jan 5, 2024 | 13 y | 2 |
| R••• S• C•••••Certified Financial Planner | Foster City, Ca | Apr 19, 2024 | 13 y | 3 |
| A•••••••• T••••• L••••• | Brooklyn, Ny | May 20, 2024 | 15 y | 0 |
| M•••••• D••• S•••••Certified Financial Planner | Foster City, Ca | Jun 6, 2024 | 16 y | 0 |
| I•••• L•••••Chartered Financial Analyst | Foster City, Ca | Aug 14, 2024 | 14 y | 0 |
| N••••••• J••••• R•••••Certified Financial Planner | Foster City, Ca | Apr 25, 2025 | 12 y | 3 |
| M••• M•••••• B•••••Chartered Financial Analyst | Foster City, Ca | Apr 25, 2025 | 20 y | 1 |
| A•••••• V••••••• H•• | Philadelphia, Pa | Jan 21, 2026 | 11 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 2.5% of current headcount1 left over 36 months
Left, latest
- R••••• J••••• G•••••• M•••••• to B••• F•••••••• G••••Aug 5, 2026 · RIA to RIA
- R••• W• C••• to M••••• S••••••Jan 4, 2022 · RIA to wirehouse
- J•••• D••• W••••• to W•••• F•••• A•••••••Nov 8, 2021 · RIA to wirehouse
- M••••• Y•• S•••••• to B••••May 9, 2013 · Other
- M••••••• E••••••• S••• to B••••Mar 6, 2012 · Other
- B•••• W• B•••• to J••• M••••• P•••••• W••••• A••••••• L••Oct 18, 2004 · Other
Joined, latest
- M••• M•••••• B••••• from B••••• C•••••• M••••••••• L••Apr 25, 2025 · RIA to RIA
- N••••••• J••••• R••••• from B••••• C•••••• M••••••••• L••Apr 25, 2025 · RIA to RIA
- R••• S• C••••• from T•• A••••••• G•••• O• S•• F••••••••• L••Apr 19, 2024 · RIA to RIA
- R••• W• C••• from M••••• S••••••Jan 5, 2024 · Wirehouse to independent RIA
- R••••• J••••• G•••••• M•••••• from C••••• A•••••• N••••••• L••Jul 26, 2023 · Affiliated broker-dealer or bank to independent RIA
- S•••••••• W• R••••• from W•••• F•••• I••••••••• I••••••••• I•••Jan 25, 2022 · RIA to RIA
- S••••• M•••• R•••• from N••••• C•••••• M•••••••••Sep 24, 2021 · Other
- D•••• P•••••••• J•••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Sep 24, 2021 · Wirehouse to independent RIA
- J•••• D••• W••••• from W•••• F•••• I••••••••• L••Jun 22, 2021 · Other
- L••• M• M•••••••• from N••••• C•••••• M•••••••••Jan 5, 2021 · Other
- B••••••• K••• L•••••• from C•••••••• G••••• M•••••• I•••Oct 28, 2019 · Other
- A••••••• M•• D•••••• from C•••••••• G••••• M•••••• I•••Jul 27, 2017 · Other
- B••••• C•••••• T••••••• from N••••• C•••••• M•••••••••Sep 28, 2016 · Other
- J••••••• L•••• M••••••••• from N••••• C•••••• M•••••••••Sep 28, 2016 · Other
- F••••••• M•••••• from N••••• C•••••• M•••••••••Sep 28, 2016 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from B••••• C•••••• M••••••••• L••May 13, 2025 · Tiburon, Ca
- 4 joined from N••••• C•••••• M•••••••••Dec 31, 2016 · Foster City, Ca · Firm absorbed
Private funds
7 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| B•••••• L••••••••• M••••• F•••• L•••no longer reported | Hedge Fund | $24.1M | 39 | Mar 30, 2012 |
| B•••••• F••••••••• L••••••••• E••••••• F•••• L•••no longer reported | Hedge Fund | $20.2M | 55 | Jun 29, 2015 |
| B•••••• E••••••• O••••••••• F••• I• L••• | Hedge Fund | $14.5M | 54 | Mar 30, 2012 |
| B•••••• L••••••••• A••••••••• I••••••• F•••• L•••no longer reported | Hedge Fund | $9.1M | 41 | Mar 30, 2012 |
| B•••••• E••••••• M•••••• T••••no longer reported | Other Private Fund | $0 | 0 | Feb 3, 2015 |
| B•••••• M••••• N•••••• R••• F•••• L•no longer reported | Hedge Fund | $0 | 0 | Jun 28, 2013 |
| B•••••• I••••••••• E••••••• T••••no longer reported | Other Private Fund | $0 | 0 | Feb 3, 2015 |
Owners and control persons
Schedule A and B, latest filing
- M•••••• S••••• T••••••• · Chief Executive Officer; Director Of B••••••, Inc, B••• Holdings, And B•••••• G•••••• P••••••• I• I•••controlsince 03/2021 · owns less than 5%
- B••••••• M••••• · Director, B••• Holdingssince 12/2011 · owns less than 5%
- F••••• M••••••• J••• · Evp; President, Wealth Management;since 04/2021 · owns less than 5%
- F••••••••• P••••• · Chief Compliance Officersince 06/2020 · owns less than 5%
- G••••••••• T•••• W••••• · Evp Head Of Portfolio Management - Real Estate, Co-Ceo Of B•••••• Real Estate Investment Truts, Inc.since 01/2026 · owns less than 5%
- H•••• P••••• M••••••• · Director, B••• Holdingssince 01/2008 · owns less than 5%
- K•••••• R•••••• W••••• · Director, B••• Holdingssince 11/1988 · owns less than 5%
- L•••• E•••• P••• · Evp; Chief Investment Officer (Since 3/2013); Director, B•••••• G•••••• P••••••• I• I•••(Since 05/2022)since 04/2010 · owns less than 5%
- O••••••••• D•••••• J• · Director, B••• Holdingssince 11/1998 · owns less than 5%
- S••••••• P••••••• R••••• · Executive Vice President, Real Estatesince 08/2014 · owns less than 5%
- S••••• D••••• H••••••• · Chief Investment Officer Ceo Of B•••••• Real Estate Investment Truts, Inc.since 07/2025 · owns less than 5%
- S•••••• B••••••• E••••• · Director, B••• Holdingssince 06/2011 · owns less than 5%
- T•••••••• B•••••• C•••••• · Executive Vice President, Director Of Sriisince 09/2016 · owns less than 5%
- W•••••• B•••••• L• · Director, B••• Holdingssince 08/2023 · owns less than 5%
- W•• F••• · Senior Vp, Finance And Operations Of And B••• Holdingssince 08/2015 · owns less than 5%
Entity owners
- B••• H•••••••• I••• · Parent Company Of Applicantdirect · owns 75% or more
Related persons
Schedule D 7.A
- B•••••• G•••••• P••••••• I• I•••bankpooled vehicle sponsory
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Foster City, Ca · principal | 40 | 1 | 1 |
Offices
Schedule D 1.F, the 25 largest
- San F••••••••, CA15 employees
What changed
consecutive filings, newest first
- Financial planning clients · 101-250 to 101-250Aug 14, 2026 to Sep 17, 2026
- Other offices · 1 to 2Aug 14, 2026 to Sep 17, 2026
- Private funds · 1 to unsetAug 14, 2026 to Sep 17, 2026
- Succession · false to unsetAug 14, 2026 to Sep 17, 2026
- Accounts · 2,573 to 2,825Jan 8, 2026 to May 29, 2026
- Charity clients · 42 to 49Jan 8, 2026 to May 29, 2026
- HNW clients · 761 to 831Jan 8, 2026 to May 29, 2026
- Individual clients · 247 to 237Jan 8, 2026 to May 29, 2026
- Assets in custody · $2.9B to $3.4BJan 8, 2026 to May 29, 2026
- Employees · 80 to 83Jan 8, 2026 to May 29, 2026
- Discretionary RAUM · $6.5B to $7.5BJan 8, 2026 to May 29, 2026
- HNW RAUM · $4.5B to $5.3BJan 8, 2026 to May 29, 2026
- Individual RAUM · $120M to $110MJan 8, 2026 to May 29, 2026
- Non-discretionary RAUM · $15.6M to $47.5MJan 8, 2026 to May 29, 2026
- Pension RAUM · $14.9M to $16.0MJan 8, 2026 to May 29, 2026
- Pooled vehicle RAUM · $694M to $681MJan 8, 2026 to May 29, 2026
- RAUM · $6.5B to $7.6BJan 8, 2026 to May 29, 2026
- Financial planning clients · 101-250 to 101-250May 30, 2025 to Jul 1, 2025
- Accounts · 2,451 to 2,573Jun 20, 2024 to May 30, 2025
- Advisory employees · 36 to 42Jun 20, 2024 to May 30, 2025
- Advisory activities · 7 to 8Jun 20, 2024 to May 30, 2025
- Charity clients · 39 to 42Jun 20, 2024 to May 30, 2025
- Corporate clients · 8 to 10Jun 20, 2024 to May 30, 2025
- HNW clients · 727 to 761Jun 20, 2024 to May 30, 2025
- Individual clients · 253 to 247Jun 20, 2024 to May 30, 2025
- Pension plan clients · 2 to 3Jun 20, 2024 to May 30, 2025
- Assets in custody · $2.5B to $2.9BJun 20, 2024 to May 30, 2025
- Employees · 75 to 80Jun 20, 2024 to May 30, 2025
- State-registered IARs · 42 to 43Jun 20, 2024 to May 30, 2025
- Discretionary RAUM · $6.0B to $6.5BJun 20, 2024 to May 30, 2025
- HNW RAUM · $4.1B to $4.5BJun 20, 2024 to May 30, 2025
- Individual RAUM · $122M to $120MJun 20, 2024 to May 30, 2025
- Non-discretionary RAUM · $15.8M to $15.6MJun 20, 2024 to May 30, 2025
- Pension RAUM · $14.0M to $14.9MJun 20, 2024 to May 30, 2025
- Pooled vehicle RAUM · $675M to $694MJun 20, 2024 to May 30, 2025
- RAUM · $6.1B to $6.5BJun 20, 2024 to May 30, 2025
- Accounts · 2,368 to 2,451Dec 15, 2023 to Jun 20, 2024
- Advisory employees · 34 to 36Dec 15, 2023 to Jun 20, 2024
- Charity clients · 16 to 39Dec 15, 2023 to Jun 20, 2024
- HNW clients · 710 to 727Dec 15, 2023 to Jun 20, 2024
Signals
4 dated events
- 2 advisors left B••••• C•••••• M••••••••• L•• (Tiburon, CA) for B••••••• I••• on the same dayMay 13, 2025 · Team lift-out · derived
- R••• W• C••• left B••••••• I••• for M••••• S•••••• (registered 2022-03-21)Jan 4, 2022 · a•••••• firm change · fact
- B••••••• I••• reported RAUM $5.0B, up 45% from $3.4B (2020-06-29 to 2021-06-28)Jun 28, 2021 · RAUM change · derived
- F••••••• M•••••• (Senior Vice President) no longer on Schedule A of B••••••• I••• (listed 2019-06-28, absent 2020-06-29)Jun 29, 2020 · 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
- info@bailard.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- aspotswood@bailard.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 650-571-5800reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 650-573-7128reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/B••••••-INC.reportedpublic record, Form ADV, Sep 18, 2026
- Website
- B••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 650-571-5800reportedpublic record, Form ADV, Sep 17, 2026
- Contact form
- bailard.com/contact-usreportedpublished 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $189Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026