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.

SEC-registered adviser

Aperio Group, LLC

Independent wealth managerSausalito, CaliforniaCRD 111616SEC 801-57184websiteIAPD
Latest filing Apr 2, 2026
First filing on the tape Mar 28, 2012 · 34 filings
SEC status approved since Jan 20, 2000
RAUM
$152B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
65%
$99B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
208
88 advisory (5.B.1)
Offices
8
beyond the principal office
Private funds
0
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$152B as of Apr 2, 2026
Mar 28, 2012$2.1B then
HNW client RAUM$95B as of Apr 2, 2026
Mar 16, 2018$14B then
State-registered IARs (5.B.3)27 as of Apr 2, 2026
Apr 1, 20130 then
Employees (5.A)208 as of Apr 2, 2026
Apr 1, 201320 then
Private funds: no history
RAUM +37% over the last fiscal year+41% a year over threeIARs 22 to 27
Practice profile
derived from the filing of Apr 2, 2026; every figure names its basis
RAUM per advisor
$5.6BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
1,149derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.8MderivedHNW RAUM over HNW clients
Average account
$4.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
15%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
7.7derivedItem 5.A over advisors
Advisors per office
3.0derived9 offices incl. principal (1.F.5)
RAUM growth, one year
+37%derivedbetween the last two annual amendments
Advisor growth, one year
+23%derivedItem 5.B.3 between annual amendments
Client growth, one year
+45%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$95B76%
  • Charitable organizations$22B18%
  • Individuals$3.5B2.8%
  • Pooled investment vehicles$2.0B1.6%
  • Corporations and businesses$1.9B1.5%
  • Investment companies$788M0.6%
  • Pension and profit-sharing plans$134M0.1%
  • State and municipal entities$13.4M0.0%
  • Other investment advisers$12.4M0.0%
  • Insurance companies$4.1M0.0%
  • Banks and thrifts$440,7720.0%
Individual clients
5,717reported
HNW clients
25,295reported
Pension plan clients
39reported
Charitable clients
800reported
Accounts
33,901reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $34B managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.65 fund_share=0.02 institutional_share=0.15 related_bd=true related_bank=true bd_reps=38.0 bank_owner=falsederived
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
      • George Joseph Devico · Managing Director, Co- Head US Wealth Advisory Businesscontrol
        since 03/2023 · owns less than 5%
      • Leshem Ran · Head, Blackrock Sma Solutionscontrol
        since 01/2024 · owns less than 5%
      • Tolli Jaime Snoy · Managing Director, Co- Head US Wealth Advisory Businesscontrol
        since 03/2023 · owns less than 5%
      • Choon Sik Charles Park · Chief Compliance Officer
        since 07/2021 · owns less than 5%
      Entity owners
      • Aperio Holdings, LLC · Sole Shareholder
        direct · owns 75% or more
      • Blackrock Investment Management, LLC · Sole Shareholder
        indirect · owns 75% or more of Aperio Holdings, LLC
      • Blackrock, Inc. · Sole Shareholder
        indirect · owns 75% or more of Trident Merger, LLC · public reporting company
      • Trident Merger, LLC · Sole Shareholder
        indirect · owns 75% or more of Blackrock Investment Management, LLC
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY12 employees
      • Philadelphia, PA8 employees
      • San Francisco, CA7 employees
      • Boston, MA7 employees
      • Denver, CO3 employees
      • Princeton, NJ2 employees
      • Atlanta, GA2 employees
      • Dallas, TX1 employees
      • Chicago, IL1 employees
      What changed
      consecutive filings, newest first
      • Accounts · 23,842 to 33,901
        Dec 22, 2025 to Mar 31, 2026
      • Advisory employees · 90 to 88
        Dec 22, 2025 to Mar 31, 2026
      • BD registered reps · 36 to 38
        Dec 22, 2025 to Mar 31, 2026
      • Charity clients · 747 to 800
        Dec 22, 2025 to Mar 31, 2026
      • Corporate clients · 123 to 151
        Dec 22, 2025 to Mar 31, 2026
      • HNW clients · 14,655 to 25,295
        Dec 22, 2025 to Mar 31, 2026
      • Individual clients · 6,709 to 5,717
        Dec 22, 2025 to Mar 31, 2026
      • Pension plan clients · 35 to 39
        Dec 22, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 14 to 12
        Dec 22, 2025 to Mar 31, 2026
      • Employees · 200 to 208
        Dec 22, 2025 to Mar 31, 2026
      • Insurance-licensed employees · 22 to 27
        Dec 22, 2025 to Mar 31, 2026
      • State-registered IARs · 22 to 27
        Dec 22, 2025 to Mar 31, 2026
      • Discretionary RAUM · $111B to $152B
        Dec 22, 2025 to Mar 31, 2026
      • HNW RAUM · $65B to $95B
        Dec 22, 2025 to Mar 31, 2026
      • Individual RAUM · $3.8B to $3.5B
        Dec 22, 2025 to Mar 31, 2026
      • Pension RAUM · $129M to $134M
        Dec 22, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $1.6B to $2.0B
        Dec 22, 2025 to Mar 31, 2026
      • RAUM · $111B to $152B
        Dec 22, 2025 to Mar 31, 2026
      • Wrap assets (manager) · $22B to $34B
        Dec 22, 2025 to Mar 31, 2026
      • Financial planning clients · unset to
        Mar 21, 2025 to Jul 30, 2025
      • Accounts · 16,173 to 23,842
        Dec 20, 2024 to Mar 21, 2025
      • Advisory employees · 73 to 90
        Dec 20, 2024 to Mar 21, 2025
      • BD registered reps · 28 to 36
        Dec 20, 2024 to Mar 21, 2025
      • Charity clients · 664 to 747
        Dec 20, 2024 to Mar 21, 2025
      • Corporate clients · 92 to 123
        Dec 20, 2024 to Mar 21, 2025
      • HNW clients · 10,381 to 14,655
        Dec 20, 2024 to Mar 21, 2025
      • Individual clients · 3,742 to 6,709
        Dec 20, 2024 to Mar 21, 2025
      • Pension plan clients · 28 to 35
        Dec 20, 2024 to Mar 21, 2025
      • Employees · 170 to 200
        Dec 20, 2024 to Mar 21, 2025
      • Insurance-licensed employees · 21 to 22
        Dec 20, 2024 to Mar 21, 2025
      • State-registered IARs · 25 to 22
        Dec 20, 2024 to Mar 21, 2025
      • Other offices · 9 to 8
        Dec 20, 2024 to Mar 21, 2025
      • Discretionary RAUM · $80B to $111B
        Dec 20, 2024 to Mar 21, 2025
      • HNW RAUM · $45B to $65B
        Dec 20, 2024 to Mar 21, 2025
      • Individual RAUM · $2.1B to $3.8B
        Dec 20, 2024 to Mar 21, 2025
      • Pension RAUM · $83.7M to $129M
        Dec 20, 2024 to Mar 21, 2025
      • Pooled vehicle RAUM · $2.2B to $1.6B
        Dec 20, 2024 to Mar 21, 2025
      • RAUM · $80B to $111B
        Dec 20, 2024 to Mar 21, 2025
      • Wrap assets (manager) · $12B to $22B
        Dec 20, 2024 to Mar 21, 2025
      • Accounts · 12,317 to 16,173
        Mar 17, 2023 to Mar 15, 2024
      Signals
      17 dated events
      • Aperio Group, Llc reported RAUM $152.1B, up 37% from $111.4B (2025-12-22 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • Aperio Group, Llc reported RAUM $111.4B, up 39% from $80.2B (2024-12-20 to 2025-03-21)
        Mar 21, 2025 · RAUM change · derived
      • Aperio Group, Llc reported 9 offices beyond its principal office, up from 0 (2023-03-17 to 2024-03-15)
        Mar 15, 2024 · Office count change · derived
      • Aperio Group, Llc reported RAUM $80.2B, up 47% from $54.5B (2023-03-17 to 2024-03-15)
        Mar 15, 2024 · RAUM change · derived
      • G Elizabeth Michaels (Co-Head, Aperio Group) no longer on Schedule A of Aperio Group, Llc (listed 2023-03-17, absent 2024-03-15)
        Mar 15, 2024 · Control person left · inference
      • Martin Small (Head Of Us Wealth Advisory, Blackrock) no longer on Schedule A of Aperio Group, Llc (listed 2022-03-14, absent 2023-03-17)
        Mar 17, 2023 · Control person left · inference
      • Tolli Jaime Snoy (Managing Director, Co-Head Us Wealth Advisory Business) appeared on Schedule A of Aperio Group, Llc
        Mar 17, 2023 · Control person joined · fact
      • George Joseph Devico (Managing Director, Co-Head Us Wealth Advisory Business) appeared on Schedule A of Aperio Group, Llc
        Mar 17, 2023 · Control person joined · fact
      • Aperio Group, Llc reported 13 state-registered advisory representatives, up from 0 (2021-07-26 to 2022-03-14)
        Mar 14, 2022 · Advisor headcount change · derived
      • Aperio Group, Llc reported RAUM $54.1B, up 30% from $41.5B (2021-07-26 to 2022-03-14)
        Mar 14, 2022 · RAUM change · derived
      • Martin Small (Head Of Us Wealth Advisory, Blackrock) appeared on Schedule A of Aperio Group, Llc
        Mar 2, 2021 · Control person joined · fact
      • G Elizabeth Michaels (Co-Head, Aperio Group) appeared on Schedule A of Aperio Group, Llc
        Mar 2, 2021 · Control person joined · fact
      • Leshem Ran (Co-Head, Aperio Group) appeared on Schedule A of Aperio Group, Llc
        Mar 2, 2021 · Control person joined · fact
      • Paul Solli (Chief Marketing And Strategy Officer) no longer on Schedule A of Aperio Group, Llc (listed 2020-06-30, absent 2021-03-02)
        Mar 2, 2021 · Control person left · inference
      • Patrick Geddes (Chief Executive Officer) no longer on Schedule A of Aperio Group, Llc (listed 2020-06-30, absent 2021-03-02)
        Mar 2, 2021 · Control person left · inference
      • Aperio Group, Llc reported RAUM $34.5B, up 39% from $24.7B (2019-03-15 to 2020-03-13)
        Mar 13, 2020 · RAUM change · derived
      • Aperio Group, Llc reported RAUM $23.8B, up 52% from $15.6B (2017-03-28 to 2018-03-16)
        Mar 16, 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
      Business phone
      800-441-7762reportedpublished by the firm, firm site, Sep 16, 2026
      Business phone
      800-474-2737reportedpublished by the firm, firm site, Sep 16, 2026
      Business phone
      800-882-0052reportedpublished by the firm, firm site, Sep 16, 2026
      Firm profile
      linkedin.com/company/blackrockreportedpublic record, Form ADV, Sep 17, 2026
      Website
      blackrock.comreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      415-339-4300reportedpublic record, Form ADV, Apr 2, 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
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026