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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Former SEC-registered adviser

B••••••••• A••••••• L•••••

Former SEC-registered adviserMiami, FloridaCRD 112019SEC 801-56533IAPD
Latest filing Jul 5, 2023
First filing on the tape Nov 23, 2011 · 35 filings
RAUM
$204M
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
5
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
$164M gross assets
History
35 filings and snapshots on the tape
RAUM$591M as of Mar 28, 2023
Mar 30, 2012$363M then
HNW client RAUM$0 as of Mar 28, 2023
Mar 31, 2018$12.8M then
State-registered IARs (5.B.3)0 as of Mar 28, 2023
Mar 28, 20130 then
Employees (5.A)5 as of Mar 28, 2023
Mar 28, 201313 then
Private funds2 as of Mar 28, 2023
Mar 30, 20122 then
RAUM -71% over the last fiscal year-35% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jul 5, 2023; 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
$29.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
5.3%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
-15%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, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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
  • Pooled investment vehicles$193M95%
  • Insurance companies$10.9M5.3%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
7reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
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
      Every departureEvery arrival
      Private funds
      4 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      T•• M••••• M•• E••••••• M•••••• B••• F•••• I••no longer reportedHedge Fund$34.8M2Mar 30, 2012
      A•• S••• L•Private Equity Fund$29.9M32Nov 13, 2020
      B••••••••• F•••••••• M••••• F•••• L•no longer reportedHedge Fund$4.5M25Mar 31, 2015
      M••••• C•• A•••••••• F•••• I••no longer reportedHedge Fund$26,0601Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • K••••••• R•••••• M•••••• · Chief Executive Officer, Chief Investment Officer And Chief Compliance Officercontrol
        since 05/1999 · owns less than 5%
      • K••••••• R•••••• M•••••• · Membercontrol
        since 12/2012 · owns 75% or more of M••••• L••
      Entity owners
      • M••••• L•• · Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      • B• T••• P••••••• G•• L••
        pooled vehicle sponsory
      Advisers that list B••••••••• A••••••• L••••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Discretionary RAUM · $591M to $204M
        Mar 29, 2023 to May 4, 2023
      • Pooled vehicle RAUM · $580M to $193M
        Mar 29, 2023 to May 4, 2023
      • RAUM · $591M to $204M
        Mar 29, 2023 to May 4, 2023
      • Accounts · 11 to 7
        Dec 20, 2022 to Mar 28, 2023
      • Advisory activities · 3 to 2
        Dec 20, 2022 to Mar 28, 2023
      • HNW clients · unset to 0.0
        Dec 20, 2022 to Mar 28, 2023
      • Financial planning clients · unset to 0
        Dec 20, 2022 to Mar 28, 2023
      • Discretionary RAUM · $659M to $591M
        Dec 20, 2022 to Mar 28, 2023
      • HNW RAUM · $389,594 to $0
        Dec 20, 2022 to Mar 28, 2023
      • Pooled vehicle RAUM · $643M to $580M
        Dec 20, 2022 to Mar 28, 2023
      • RAUM · $659M to $591M
        Dec 20, 2022 to Mar 28, 2023
      • Accounts · 12 to 11
        Oct 13, 2022 to Dec 20, 2022
      • Pooled vehicle clients · 7 to 6
        Oct 13, 2022 to Dec 20, 2022
      • Employees · 7 to 5
        Oct 13, 2022 to Dec 20, 2022
      • Private funds · 3 to 2
        Oct 13, 2022 to Dec 20, 2022
      • Discretionary RAUM · $689M to $659M
        Oct 13, 2022 to Dec 20, 2022
      • Pooled vehicle RAUM · $672M to $643M
        Oct 13, 2022 to Dec 20, 2022
      • RAUM · $689M to $659M
        Oct 13, 2022 to Dec 20, 2022
      • Discretionary RAUM · $694M to $689M
        Mar 29, 2022 to Oct 5, 2022
      • Pooled vehicle RAUM · $677M to $672M
        Mar 29, 2022 to Oct 5, 2022
      • RAUM · $694M to $689M
        Mar 29, 2022 to Oct 5, 2022
      • Accounts · 21 to 12
        Nov 1, 2021 to Mar 29, 2022
      • Corporate clients · 5 to 0
        Nov 1, 2021 to Mar 29, 2022
      • Pooled vehicle clients · 11 to 7
        Nov 1, 2021 to Mar 29, 2022
      • Employees · 6 to 7
        Nov 1, 2021 to Mar 29, 2022
      • Discretionary RAUM · $765M to $694M
        Nov 1, 2021 to Mar 29, 2022
      • HNW RAUM · $855,990 to $389,594
        Nov 1, 2021 to Mar 29, 2022
      • Pooled vehicle RAUM · $739M to $677M
        Nov 1, 2021 to Mar 29, 2022
      • RAUM · $765M to $694M
        Nov 1, 2021 to Mar 29, 2022
      • Accounts · 20 to 21
        Nov 13, 2020 to Mar 31, 2021
      • Advisory employees · 4 to 3
        Nov 13, 2020 to Mar 31, 2021
      • Corporate clients · unset to 5.0
        Nov 13, 2020 to Mar 31, 2021
      • Pooled vehicle clients · 10 to 11
        Nov 13, 2020 to Mar 31, 2021
      • Employees · 9 to 6
        Nov 13, 2020 to Mar 31, 2021
      • Discretionary RAUM · $739M to $765M
        Nov 13, 2020 to Mar 31, 2021
      • HNW RAUM · $2.2M to $855,990
        Nov 13, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $711M to $739M
        Nov 13, 2020 to Mar 31, 2021
      • RAUM · $739M to $765M
        Nov 13, 2020 to Mar 31, 2021
      • Private funds · 2 to 3
        Jun 26, 2020 to Nov 13, 2020
      • Accounts · 59 to 20
        Aug 6, 2019 to Mar 27, 2020
      Signals
      1 dated events
      • B••••••••• A••••••• L••••• reported RAUM $204.0M, down 65% from $590.6M (2023-03-29 to 2023-05-04)
        May 4, 2023 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      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
      Former SEC-registered adviserderiveda 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