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

H•• A•••• M••••••••• L••••

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 111705SEC 801-60143IAPD
Latest filing Feb 6, 2026
First filing on the tape Mar 29, 2012 · 59 filings
SEC status approved since Apr 6, 2001
RAUM
$326M
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
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
59 filings and snapshots on the tape
RAUM$326M as of Feb 6, 2026
Mar 29, 2012$4.5B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Feb 6, 2026
Mar 29, 20120 then
Employees (5.A)2 as of Feb 6, 2026
Feb 19, 201316 then
Private funds2 as of Feb 6, 2026
Mar 29, 201278 then
RAUM -94% over the last fiscal year-49% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Feb 6, 2026; every figure names its basis
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
$163MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%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
-94%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, fixed fees, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisers, otherreportedItem 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$326M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 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
      172 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      H•• M•••• P• E••••••• M•••••• M••••• T••••no longer reportedHedge Fund$2.5B5Jan 24, 2013
      H•••• R• C•••••••• F•••no longer reportedHedge Fund$2.1B4Mar 29, 2012
      H•••• A•• P••••••• I•no longer reportedHedge Fund$569M2Aug 24, 2015
      H••• E•••• W••••••• T•••••• F•••no longer reportedHedge Fund$558M1Mar 28, 2012
      H••• O••••••• E•••• W••••••• T•••••• F•••no longer reportedHedge Fund$557M3Mar 1, 2013
      H•• M•••• T•• R•••••• M••••• T••••no longer reportedHedge Fund$279M4Jan 24, 2013
      8•••••••••no longer reportedHedge Fund$258M1Jan 24, 2013
      H•• M•••• G•• G••••• R•••• M••••• T••••no longer reportedHedge Fund$176M5Jan 24, 2013
      8•••••••••no longer reportedHedge Fund$169M4Mar 29, 2012
      H•• E• P••••• M••••• T••••no longer reportedHedge Fund$159M1Mar 29, 2012
      H••• I•• E•• S•••••• S••••••••• T•••••• F•••no longer reportedHedge Fund$153M3Mar 1, 2013
      H••• I•• R•• M••••••••• T•••••• F•••no longer reportedHedge Fund$152M3Mar 1, 2013
      H•• M• R•• D••••••••• M••••• T••••no longer reportedHedge Fund$149M4Feb 16, 2016
      H••• O••••••• G••••• T•••••• F••• C••no longer reportedHedge Fund$123M1Mar 1, 2013
      H••• I•• E•• F••••••••• V•••• T•••••• F•••no longer reportedHedge Fund$119M3Mar 1, 2013
      8•••••••••no longer reportedHedge Fund$115M6Mar 29, 2012
      8•••••••••no longer reportedHedge Fund$111M15Mar 29, 2012
      8•••••••••no longer reportedHedge Fund$111M2Mar 29, 2012
      H••• I•• E•• D••••••••• T•••••• F•••no longer reportedHedge Fund$109M3Mar 1, 2013
      H••• I•• R•• F••••••••• A•••••••• T•••••• F•••no longer reportedHedge Fund$108M3Mar 1, 2013
      H••• I•• E•• M••••• A•••••••• T•••••• F•••no longer reportedHedge Fund$108M3Mar 1, 2013
      H••• I•• E•• E••••• M••••• N•••••• T•••••• F•••no longer reportedHedge Fund$108M3Mar 1, 2013
      8•••••••••no longer reportedHedge Fund$106M29Mar 29, 2012
      8•••••••••no longer reportedHedge Fund$105M27Mar 29, 2012
      8•••••••••no longer reportedHedge Fund$104M38Mar 29, 2012
      H•• R•• S••••• M••••• T••••no longer reportedHedge Fund$99.7M5May 14, 2015
      8•••••••••no longer reportedHedge Fund$97.6M59Mar 29, 2012
      H•••• M•••• C•••••••• M••••• T••••no longer reportedHedge Fund$94.2M6Mar 29, 2012
      H•• R•• A••••• C•••••••• O••••••••• F•••no longer reportedHedge Fund$91.4M4May 27, 2014
      H•••• R•• A••••• G••••• O••••••••• P••• F•••no longer reportedHedge Fund$91.2M14Aug 18, 2014
      H•• M• B••••• H••••• S••••••••• M••••• T••••no longer reportedHedge Fund$87.8M3Mar 29, 2012
      H•• H• M••••• C••••• P••••••••• M••••• T••••no longer reportedHedge Fund$84.5M5Mar 29, 2012
      8•••••••••no longer reportedHedge Fund$80.8M9Mar 29, 2012
      H••• I•• M••••• S••••••••• D••••••••• T•••••• F•••no longer reportedHedge Fund$78.6M3Mar 1, 2013
      8•••••••••no longer reportedHedge Fund$75.0M1Jan 24, 2013
      8•••••••••no longer reportedHedge Fund$74.1M25Mar 29, 2012
      8•••••••••no longer reportedHedge Fund$72.9M21Mar 29, 2012
      H•• C• P•••••• M••••• T••••no longer reportedHedge Fund$69.5M9Mar 29, 2012
      H••• I•• M••••• D••••••••• T••••••• T•••••• F•••no longer reportedHedge Fund$68.8M3Mar 1, 2013
      H•• R•• M••••••• C••••• M••••• T••••no longer reportedHedge Fund$68.1M3May 27, 2014
      All funds of H•• A•••• M••••••••• L••••
      Owners and control persons
      Schedule A and B, latest filing
      • A•••••••• M•••••• · President And Chief Compliance Officercontrol
        since 06/2019 · owns less than 5%
      • N•••••••• J•••••• G••••• · Membercontrol
        since 01/2001 · owns 75% or more of H•• G••••• L•••••
      Entity owners
      • H•• G••••• L••••• · Managing Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      Advisers that list H•• A•••• M••••••••• L•••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 50 %Change between filings · filing Feb 6, 2026
        RAUM (Item 5.F) moved from $5,117,079,131 to $326,180,124 (-94.0%) between the annual amendments of 2025-03-31 and 2026-02-06; the peer median change was +4.0% (1148 comparable advisers, 0.0th percentile of changes)
        peers: asset managers, $100M to $500M (1,148) · 0.2% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 3 to 2
        Mar 31, 2025 to Feb 6, 2026
      • Pooled vehicle clients · 3 to 2
        Mar 31, 2025 to Feb 6, 2026
      • Employees · 3 to 2
        Mar 31, 2025 to Feb 6, 2026
      • Private funds · 3 to 2
        Mar 31, 2025 to Feb 6, 2026
      • Discretionary RAUM · $5.1B to $326M
        Mar 31, 2025 to Feb 6, 2026
      • Pooled vehicle RAUM · $5.1B to $326M
        Mar 31, 2025 to Feb 6, 2026
      • RAUM · $5.1B to $326M
        Mar 31, 2025 to Feb 6, 2026
      • Accounts · 5 to 3
        Mar 28, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 5 to 3
        Mar 28, 2024 to Mar 31, 2025
      • Financial planning clients · 0 to 0
        Mar 28, 2024 to Mar 31, 2025
      • Private funds · 5 to 3
        Mar 28, 2024 to Mar 31, 2025
      • Discretionary RAUM · $3.2B to $5.1B
        Mar 28, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $3.2B to $5.1B
        Mar 28, 2024 to Mar 31, 2025
      • RAUM · $3.2B to $5.1B
        Mar 28, 2024 to Mar 31, 2025
      • Discretionary RAUM · $2.5B to $3.2B
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $2.5B to $3.2B
        Mar 31, 2023 to Mar 28, 2024
      • RAUM · $2.5B to $3.2B
        Mar 31, 2023 to Mar 28, 2024
      • Employees · 4 to 3
        Sep 7, 2022 to Mar 31, 2023
      • Discretionary RAUM · $8.5B to $2.5B
        Sep 7, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $8.5B to $2.5B
        Sep 7, 2022 to Mar 31, 2023
      • RAUM · $8.5B to $2.5B
        Sep 7, 2022 to Mar 31, 2023
      • Advisory employees · 2 to 1
        Mar 31, 2022 to Sep 7, 2022
      • Accounts · 8 to 5
        Mar 24, 2021 to Mar 31, 2022
      • Pooled vehicle clients · 8 to 5
        Mar 24, 2021 to Mar 31, 2022
      • Private funds · 8 to 5
        Mar 24, 2021 to Mar 31, 2022
      • Discretionary RAUM · $5.0B to $8.5B
        Mar 24, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $5.0B to $8.5B
        Mar 24, 2021 to Mar 31, 2022
      • RAUM · $5.0B to $8.5B
        Mar 24, 2021 to Mar 31, 2022
      • Accounts · 14 to 8
        Mar 3, 2021 to Mar 24, 2021
      • Pooled vehicle clients · 14 to 8
        Mar 3, 2021 to Mar 24, 2021
      • Discretionary RAUM · $7.3B to $5.0B
        Mar 3, 2021 to Mar 24, 2021
      • Pooled vehicle RAUM · $7.3B to $5.0B
        Mar 3, 2021 to Mar 24, 2021
      • RAUM · $7.3B to $5.0B
        Mar 3, 2021 to Mar 24, 2021
      • Private funds · 14 to 8
        Oct 26, 2020 to Mar 3, 2021
      • Employees · 3 to 4
        Feb 21, 2020 to Oct 26, 2020
      • Private funds · 15 to 14
        Feb 21, 2020 to Oct 26, 2020
      • Discretionary RAUM · $203M to $7.3B
        Feb 21, 2020 to Oct 26, 2020
      • Pooled vehicle RAUM · $203M to $7.3B
        Feb 21, 2020 to Oct 26, 2020
      • RAUM · $203M to $7.3B
        Feb 21, 2020 to Oct 26, 2020
      • Accounts · 22 to 14
        Nov 15, 2019 to Feb 21, 2020
      Signals
      11 dated events
      • H•• A•••• M••••••••• L•••• reported RAUM $326.2M, down 94% from $5.1B (2025-03-31 to 2026-02-06)
        Feb 6, 2026 · RAUM change · derived
      • H•• A•••• M••••••••• L•••• reported RAUM $5.1B, up 60% from $3.2B (2024-03-28 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • H•• A•••• M••••••••• L•••• reported RAUM $3.2B, up 27% from $2.5B (2023-03-31 to 2024-03-28)
        Mar 28, 2024 · RAUM change · derived
      • H•• A•••• M••••••••• L•••• reported RAUM $2.5B, down 70% from $8.5B (2022-09-07 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • H•• A•••• M••••••••• L•••• reported RAUM $8.5B, up 69% from $5.0B (2021-03-24 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • H•• A•••• M••••••••• L•••• reported RAUM $5.0B, down 32% from $7.3B (2021-03-03 to 2021-03-24)
        Mar 24, 2021 · RAUM change · derived
      • H•• A•••• M••••••••• L•••• reported RAUM $7.3B, up 3510% from $203.1M (2020-02-21 to 2020-10-26)
        Oct 26, 2020 · RAUM change · derived
      • H•• A•••• M••••••••• L•••• reported RAUM $203.1M, down 95% from $4.2B (2019-11-15 to 2020-02-21)
        Feb 21, 2020 · RAUM change · derived
      • H•• A•••• M••••••••• L•••• reported RAUM $4.2B, down 52% from $8.8B (2019-04-05 to 2019-06-06)
        Jun 6, 2019 · RAUM change · derived
      • H•• A•••• M••••••••• L•••• reported RAUM $8.8B, down 47% from $16.6B (2019-02-07 to 2019-02-11)
        Feb 11, 2019 · RAUM change · derived
      • H•• A•••• M••••••••• L•••• reported RAUM $16.6B, up 203% from $5.5B (2018-11-14 to 2019-02-07)
        Feb 7, 2019 · 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
      Principal office phone
      312-327-0430reportedpublic record, Form ADV, Feb 6, 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
      Asset manager (funds and pooled vehicles)deriveda 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