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
R••• E••••• M••••••••• S••••••• G••••• L••
Latest filing Apr 21, 2021
First filing on the tape Mar 7, 2012 · 30 filings
RAUM
$218M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
28%
$60.2M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$218M as of Mar 19, 2021
Mar 7, 2012$590M then
HNW client RAUM$60.2M as of Mar 19, 2021
Mar 6, 2018$44.2M then
State-registered IARs (5.B.3)0 as of Mar 19, 2021
Mar 7, 20120 then
Employees (5.A)4 as of Mar 19, 2021
Mar 15, 20139 then
Private funds1 as of Mar 6, 2018
Mar 7, 20121 then
RAUM -58% over the last fiscal year-34% a year over threeIARs 0 to 0offices 1 to 0
Practice profile
derived from the filing of Apr 21, 2021; 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
- $7.5MderivedHNW RAUM over HNW clients
- Average account
- $12.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 51%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
- -58%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- -11%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companiesreportedItem 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)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Charitable organizations$72.1M33%
- High-net-worth individuals$60.2M28%
- Investment companies$46.0M21%
- Insurance companies$22.8M10%
- Pension and profit-sharing plans$16.4M7.5%
- Individual clients
- 0reported
- HNW clients
- 8reported
- Pension plan clients
- 2reported
- Charitable clients
- 6reported
- Accounts
- 18reported
- Financial planning clients
- n/areported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- 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
Private funds
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| B•• W••••• S••••••••• L•• • R••• G•••• S•••••no longer reported | Hedge Fund | $181M | 426 | Sep 22, 2016 |
| R••• R••• E••••• R••••••• F•••• L•no longer reported | Real Estate Fund | $5.5M | 16 | Mar 7, 2012 |
Owners and control persons
Schedule A and B, latest filing
- T•••••••• E•••••• W••••• · Chairman And Managing Directorcontrolsince 03/2002 · owns 25% to 50%
- W••••••• J•••• E• · President; Membercontrolsince 05/2002 · owns 10% to 25%
- Z•••••••• T•••• · Chief Compliance Officer And Chief Financial Officercontrolsince 01/2021 · owns less than 5%
- B••••• T•••••• E••• · Managing Membercontrolsince 01/1998 · owns 25% to 50% of B•••• Investment Management, LLC
- B••••• W•••••• T••••• · Managing Membercontrolsince 01/1998 · owns 75% or more of B•••• Investment Management, LLC
- S•••••• M••••••• H••••• · Membersince 05/2002 · owns 5% to 10%
- W•••••••• J•••• S• · Membersince 05/2002 · owns 5% to 10%
Entity owners
- B•••• I••••••••• M••••••••• L••• · Memberdirect · owns 25% to 50%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 22 to 18Aug 25, 2020 to Mar 19, 2021
- Advisory employees · 5 to 4Aug 25, 2020 to Mar 19, 2021
- BD registered reps · 1 to 0Aug 25, 2020 to Mar 19, 2021
- Charity clients · 4 to 6Aug 25, 2020 to Mar 19, 2021
- HNW clients · 9 to 8Aug 25, 2020 to Mar 19, 2021
- Pension plan clients · 1 to 2Aug 25, 2020 to Mar 19, 2021
- Employees · 8 to 4Aug 25, 2020 to Mar 19, 2021
- Other offices · 1 to 0Aug 25, 2020 to Mar 19, 2021
- Discretionary RAUM · $356M to $218MAug 25, 2020 to Mar 19, 2021
- HNW RAUM · $49.5M to $60.2MAug 25, 2020 to Mar 19, 2021
- Non-discretionary RAUM · $161M to $0Aug 25, 2020 to Mar 19, 2021
- Pension RAUM · $9.5M to $16.4MAug 25, 2020 to Mar 19, 2021
- RAUM · $518M to $218MAug 25, 2020 to Mar 19, 2021
- Wrap assets (manager) · 0.0 to unsetAug 25, 2020 to Mar 19, 2021
- Wrap assets (sponsor) · 0.0 to unsetAug 25, 2020 to Mar 19, 2021
- Accounts · 20 to 22Sep 23, 2019 to Feb 20, 2020
- HNW clients · 10 to 9Sep 23, 2019 to Feb 20, 2020
- Pension plan clients · 2 to 1Sep 23, 2019 to Feb 20, 2020
- Employees · 10 to 8Sep 23, 2019 to Feb 20, 2020
- Discretionary RAUM · $340M to $356MSep 23, 2019 to Feb 20, 2020
- HNW RAUM · $49.2M to $49.5MSep 23, 2019 to Feb 20, 2020
- Non-discretionary RAUM · $0 to $161MSep 23, 2019 to Feb 20, 2020
- Pension RAUM · $14.7M to $9.5MSep 23, 2019 to Feb 20, 2020
- RAUM · $340M to $518MSep 23, 2019 to Feb 20, 2020
- Related adviser · true to falseSep 23, 2019 to Feb 20, 2020
- Wrap assets (manager) · unset to 0.0Sep 23, 2019 to Feb 20, 2020
- Wrap assets (sponsor) · unset to 0.0Sep 23, 2019 to Feb 20, 2020
- Accounts · 23 to 20Feb 15, 2019 to May 1, 2019
- Advisory employees · 7 to 5Feb 15, 2019 to May 1, 2019
- BD registered reps · 2 to 1Feb 15, 2019 to May 1, 2019
- HNW clients · 12 to 10Feb 15, 2019 to May 1, 2019
- Pension plan clients · 3 to 2Feb 15, 2019 to May 1, 2019
- Employees · 12 to 10Feb 15, 2019 to May 1, 2019
- Discretionary RAUM · $348M to $340MFeb 15, 2019 to May 1, 2019
- HNW RAUM · $52.0M to $49.2MFeb 15, 2019 to May 1, 2019
- Pension RAUM · $48.9M to $14.7MFeb 15, 2019 to May 1, 2019
- RAUM · $348M to $340MFeb 15, 2019 to May 1, 2019
- Accounts · 24 to 23Nov 30, 2018 to Feb 14, 2019
- Advisory employees · 6 to 7Nov 30, 2018 to Feb 14, 2019
- HNW clients · 11 to 12Nov 30, 2018 to Feb 14, 2019
Signals
8 dated events
- David Jon Dreith (Senior Vice President And Member) no longer on Schedule A of R••• E••••• M••••••••• S••••••• G••••• L•• (listed 2021-03-19, absent 2021-04-08)Apr 8, 2021 · Control person left · inference
- Nmn Quentin Velleley (Executive Vice President And Chief Investment Officer) no longer on Schedule A of R••• E••••• M••••••••• S••••••• G••••• L•• (listed 2020-08-25, absent 2021-03-19)Mar 19, 2021 · Control person left · inference
- Tania Zapalski (Chief Compliance Officer And Chief Financial Officer) appeared on Schedule A of R••• E••••• M••••••••• S••••••• G••••• L••Mar 19, 2021 · Control person joined · fact
- R••• E••••• M••••••••• S••••••• G••••• L•• reported RAUM $217.6M, down 58% from $517.5M (2020-08-25 to 2021-03-19)Mar 19, 2021 · RAUM change · derived
- R••• E••••• M••••••••• S••••••• G••••• L•• reported RAUM $517.5M, up 52% from $339.6M (2019-09-23 to 2020-02-20)Feb 20, 2020 · RAUM change · derived
- M•••• J•••• R••• (Chief Compliance Officer) no longer on Schedule A of R••• E••••• M••••••••• S••••••• G••••• L•• (listed 2019-05-01, absent 2019-09-23)Sep 23, 2019 · Control person left · inference
- Nmn Quentin Velleley (Executive Vice President And Chief Investment Officer) appeared on Schedule A of R••• E••••• M••••••••• S••••••• G••••• L••May 1, 2019 · Control person joined · fact
- R••• E••••• M••••••••• S••••••• G••••• L•• reported RAUM $459.5M, down 38% from $746.6M (2018-11-07 to 2018-11-30)Nov 30, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- R••• E••••• M••••••••• S••••••• G••••• L•• · Private Equityshared crd · organization
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
Across the graphs
R••• E••••• M••••••••• S••••••• G••••• L•• is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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