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
Lynx Investment Advisory, LLC
Latest filing Apr 9, 2026
First filing on the tape Mar 27, 2012 · 29 filings
SEC status approved since Oct 17, 1997
RAUM
$1.1B
reported, Item 5.F
Discretionary
32%
of RAUM
Private clients
81%
$903M individuals and HNW
Advisors
11
registered through the firm on IAPD
RAUM per advisor
$101M
derived; firm RAUM over IAPD count
Employees
13
10 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$1.1B as of Apr 9, 2026
Mar 27, 2012$1.0B then
HNW client RAUM$834M as of Apr 9, 2026
Mar 22, 2018$378M then
State-registered IARs (5.B.3)9 as of Apr 9, 2026
Mar 6, 20139 then
Employees (5.A)13 as of Apr 9, 2026
Mar 6, 201313 then
Private funds1 as of Mar 21, 2022
Mar 27, 20124 then
RAUM -15% over the last fiscal year+7.5% a year over threeIARs 8 to 9
Practice profile
derived from the filing of Apr 9, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $101MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 19derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $8.6MderivedHNW RAUM over HNW clients
- Average account
- $4.7MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 32%derivedof RAUM
- Institutional
- 5.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 5.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -15%derivedbetween the last two annual amendments
- Advisor growth, one year
- +13%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -3.2%derived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisers, otherreportedItem 5.G
- Custody
- $143M, 41 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)
- has custody of client cash or bank accounts (9.A.1.a)
- 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
- High-net-worth individuals$834M86%
- Individuals$69.4M7.2%
- Charitable organizations$52.0M5.4%
- Pension and profit-sharing plans$9.2M1.0%
- Individual clients
- 117reported
- HNW clients
- 97reported
- Pension plan clients
- 4reported
- Charitable clients
- 5reported
- Accounts
- 236reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $143M for 41 clientsreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.81 fund_share=0.0 institutional_share=0.05 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
11 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Kara Ann Lilian | Washington, Dc | Jan 3, 2005 | 23 y | 0 |
| Adrian Bohdan Kutko | Washington, Dc | Apr 30, 2010 | 37 y | 2 |
| Roger Sudhir Desai | Columbia, Md | Dec 8, 2021 | 29 y | 5 |
| Kishore ShahChartered Financial Consultant | Vienna, Va | Dec 10, 2021 | 38 y | 4 |
| Peter Metodiev Pavlov | Toulouse | Jan 18, 2022 | 21 y | 0 |
| Fadoua Arif | Washington, Dc | Mar 4, 2024 | 10 y | 0 |
| Aina Moliner I Serra | Washington, Dc | Aug 27, 2024 | 10 y | 0 |
| Anthony Henry CortinaCertified Financial Planner | Washington, Dc | Jun 11, 2025 | 19 y | 5 |
| Vipin (Nmn) SahijwaniChartered Financial Analyst | Washington, Dc | Nov 18, 2025 | 19 y | 0 |
| Carolyn Bella CatlinCertified Financial Planner | Washington, Dc | Apr 1, 2026 | 22 y | 1 |
| Stephen Michael WintermeierCertified Financial Planner | Washington, Dc | May 12, 2026 | 21 y | 2 |
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
- Heather Tracey Errigo to Cibc Private Wealth Advisors, Inc.Mar 19, 2025 · RIA to affiliated broker-dealer or bank
- Joel Douglas Hosner to Wbh Advisory, Inc.Apr 28, 2023 · RIA to RIA
- Justin James Ellsesser to Matthias Private Wealth, LLCFeb 28, 2017 · Other
- Matthew David Gelfand to Potomac Asset Management Co IncOct 23, 2009 · Other
- Michael R Marsh to Rockefeller & Co., Inc.Oct 23, 2009 · Other
- Adrian Bohdan Kutko to Gfo Advisory Services, LLCMar 13, 2007 · Other
Joined, latest
- Stephen Michael Wintermeier from Fenway Financial Advisors, LLCMay 12, 2026 · RIA to RIA
- Carolyn Bella Catlin from Fenway Financial Advisors, LLCApr 1, 2026 · RIA to RIA
- Anthony Henry Cortina from FartherJun 11, 2025 · RIA to RIA
- Kishore Shah from The Patriot Financial Group, LLCDec 10, 2021 · RIA to RIA
- Roger Sudhir Desai from The Patriot Financial Group, LLCDec 8, 2021 · RIA to RIA
- Adrian Bohdan Kutko from Gfo Advisory Services, LLCApr 30, 2010 · Other
- Michael R Marsh from Suntrust Investment Services, Inc.Jan 28, 2008 · Other
- Matthew David Gelfand from Mdg Financial Advisors, LLCOct 16, 2007 · Other
- Heather Tracey Errigo from Asb Capital Management LLCMar 1, 2004 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Sudhir Roger Desai · Managing Director - Consultingcontrolsince 12/2021 · owns less than 5%
- Tracey Heather Errigo · Managing Director - Consultingcontrolsince 01/2007 · owns less than 5%
- Caroline Lara Hines · Managing Director/Chief Operating Officercontrolsince 03/2007 · owns less than 5%
- Bohdan Adrian Kutko · Managing Directorcontrolsince 01/2007 · owns less than 5%
- Ann Kara Lilian · Vice President/Chief Compliance Officercontrolsince 03/2007 · owns less than 5%
- (Nmn) Vipin Sahijwani · Ceo, President, And Chief Investment Officercontrolsince 09/2014 · owns 5% to 10%
- Rafic Bahaa El-Hariri · Sole Ownercontrolsince 08/2014 · owns 75% or more of Farassein, Inc.
Entity owners
- Cig Capital Holdings Inc. · Managing Memberdirect · owns 75% or more
- Farassein Inc. · Sole Ownerindirect · owns 75% or more of Cig Capital Holdings, Inc.
Related persons
Schedule D 7.A
- Hinduja-Lynx Investment Advisory, LLCinvestment advisern
- Select Investment Solutions, LLCinvestment adviserpooled vehicle sponsoryRAUM $37.1M
Advisers that list Lynx Investment Advisory, LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Washington, Dc · principal | 8 | 3 | 0 | ||
| Columbia, Md | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Columbia, MD3 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Apr 9, 2026ERRIGO, HEATHER, TRACEY (MANAGING DIRECTOR - CONSULTING) left Schedule A between the filings of 2023-03-29 and 2026-04-09peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Apr 9, 2026EL-HARIRI, BAHAA, RAFIC (SOLE OWNER) left Schedule A between the filings of 2023-03-29 and 2026-04-09peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
- Advisory employees · 0 to 10Mar 26, 2026 to Apr 9, 2026
- BD registered reps · 0 to 1Mar 26, 2026 to Apr 9, 2026
- Employees · 0 to 13Mar 26, 2026 to Apr 9, 2026
- State-registered IARs · 0 to 9Mar 26, 2026 to Apr 9, 2026
- Accounts · 244 to 236Mar 20, 2025 to Mar 26, 2026
- Advisory employees · 9 to 0Mar 20, 2025 to Mar 26, 2026
- Advisory activities · 5 to 4Mar 20, 2025 to Mar 26, 2026
- BD registered reps · 1 to 0Mar 20, 2025 to Mar 26, 2026
- Charity clients · 2 to 5Mar 20, 2025 to Mar 26, 2026
- Corporate clients · 2.0 to unsetMar 20, 2025 to Mar 26, 2026
- HNW clients · 103 to 97Mar 20, 2025 to Mar 26, 2026
- Individual clients · 118 to 117Mar 20, 2025 to Mar 26, 2026
- Pension plan clients · 2 to 4Mar 20, 2025 to Mar 26, 2026
- Assets in custody · $134M to $143MMar 20, 2025 to Mar 26, 2026
- Employees · 12 to 0Mar 20, 2025 to Mar 26, 2026
- Financial planning clients · 26-50 to 51-100Mar 20, 2025 to Mar 26, 2026
- State-registered IARs · 8 to 0Mar 20, 2025 to Mar 26, 2026
- Discretionary RAUM · $276M to $361MMar 20, 2025 to Mar 26, 2026
- HNW RAUM · $810M to $834MMar 20, 2025 to Mar 26, 2026
- Individual RAUM · $55.8M to $69.4MMar 20, 2025 to Mar 26, 2026
- Non-discretionary RAUM · $1.0B to $754MMar 20, 2025 to Mar 26, 2026
- Pension RAUM · $3.8M to $9.2MMar 20, 2025 to Mar 26, 2026
- RAUM · $1.3B to $1.1BMar 20, 2025 to Mar 26, 2026
- Accounts · 231 to 244Mar 22, 2024 to Mar 20, 2025
- Charity clients · 3 to 2Mar 22, 2024 to Mar 20, 2025
- Corporate clients · unset to 2.0Mar 22, 2024 to Mar 20, 2025
- HNW clients · 104 to 103Mar 22, 2024 to Mar 20, 2025
- Individual clients · 103 to 118Mar 22, 2024 to Mar 20, 2025
- Pension plan clients · 4 to 2Mar 22, 2024 to Mar 20, 2025
- Assets in custody · $141M to $134MMar 22, 2024 to Mar 20, 2025
- Financial planning clients · 26-50 to 26-50Mar 22, 2024 to Mar 20, 2025
- Discretionary RAUM · $214M to $276MMar 22, 2024 to Mar 20, 2025
- HNW RAUM · $582M to $810MMar 22, 2024 to Mar 20, 2025
- Individual RAUM · $41.3M to $55.8MMar 22, 2024 to Mar 20, 2025
- Non-discretionary RAUM · $867M to $1.0BMar 22, 2024 to Mar 20, 2025
- Pension RAUM · $10.8M to $3.8MMar 22, 2024 to Mar 20, 2025
- RAUM · $1.1B to $1.3BMar 22, 2024 to Mar 20, 2025
- Accounts · 229 to 231Mar 29, 2023 to Mar 22, 2024
- HNW clients · 76 to 104Mar 29, 2023 to Mar 22, 2024
- Individual clients · 127 to 103Mar 29, 2023 to Mar 22, 2024
Signals
5 dated events
- Heather Tracey Errigo left Lynx Investment Advisory, Llc for Cibc Private Wealth Advisors, Inc. (registered 2025-03-27)Mar 19, 2025 · Advisor changed firm · fact
- Joel Douglas Hosner left Lynx Investment Advisory, Llc for Wbh Advisory, Inc. (registered 2023-05-09)Apr 28, 2023 · Advisor changed firm · fact
- Joseph Peter Tanous (Chairman) no longer on Schedule A of Lynx Investment Advisory, Llc (listed 2022-10-21, absent 2023-03-29)Mar 29, 2023 · Control person left · inference
- Sudhir Roger Desai (Managing Director - Consulting) appeared on Schedule A of Lynx Investment Advisory, LlcMar 29, 2023 · Control person joined · fact
- Lynx Investment Advisory, Llc reported RAUM $1.1B, up 26% from $844.3M (2022-01-06 to 2022-03-21)Mar 21, 2022 · 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 email
- contact@lynxinvestment.comreportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 202-833-3700reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 202-833-3704reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/LYNX-INVESTMENT-ADVISORYreportedpublic record, Form ADV, Sep 17, 2026
- Website
- LYNXINVESTMENT.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 202-833-3700reportedpublic record, Form ADV, Apr 9, 2026
- Contact form
- lynxinvestment.com/contact-usreportedpublished by the firm, firm site, Sep 17, 2026
- Team page
- lynxinvestment.com/teamreportedpublished by the firm, firm site, Sep 17, 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
- $101Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026