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
Rafferty Asset Management, LLC
Latest filing Mar 3, 2026
First filing on the tape Mar 29, 2012 · 28 filings
SEC status approved since Jun 25, 1997
RAUM
$55B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$55B
derived; firm RAUM over IAPD count
Employees
45
13 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$55B as of Mar 3, 2026
Mar 29, 2012$7.8B then
HNW client RAUM: no history
State-registered IARs (5.B.3)17 as of Mar 3, 2026
Mar 29, 20120 then
Employees (5.A)45 as of Mar 3, 2026
Mar 27, 201339 then
Private funds1 as of Mar 28, 2014
Mar 29, 20121 then
RAUM +17% over the last fiscal year+34% a year over threeIARs 7 to 17
Practice profile
derived from the filing of Mar 3, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $55BderivedRAUM 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
- $415MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 45.0derivedItem 5.A over advisors
- Advisors per office
- 0.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +17%derivedbetween the last two annual amendments
- Advisor growth, one year
- +143%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehicles, 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
- has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$55B100%
- Pooled investment vehicles$35.8M0.1%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 133reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=3.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Andrew T Shippee | New York, Ny | May 18, 2026 | 12 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Andrew T Shippee from Morgan StanleyMay 18, 2026 · Other
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Ram Price Fundno longer reported | Hedge Fund | $53.7M | 4 | Mar 29, 2012 |
Owners and control persons
Schedule A and B, latest filing
- Dillon Daniel O'Neill · Membercontrolsince 02/2019 · owns less than 5%
- Michael Douglas Yones · Chief Executive Officercontrolsince 11/2024 · owns less than 5%
- Paul Joseph Cipolla · Officercontrolsince 01/2019 · owns F of Rafferty Servicing, Inc.
- Rafferty Kathleen Hay · Officer And Trusteecontrolsince 11/2000 · owns 25% to 50% of Rafferty Holdings LLC
- Dillon Daniel O'Neill · Membercontrolsince 05/2009 · owns 75% or more of Minakian Partners, LLC
- Lawrence Michael Rafferty · Officer And Trusteecontrolsince 01/1999 · owns 25% to 50% of Rafferty Holdings LLC
- Mary Angela Brickl · Chief Operating Officer, General Counselsince 09/2022 · owns less than 5%
- James Patrick Rudnick · Chief Financial Officersince 05/2010 · owns less than 5%
- Gregory Steven Stelmachowski · Chief Compliance Officersince 09/2022 · owns less than 5%
Entity owners
- Rafferty Holdings LLC · Memberdirect · owns 25% to 50%
- Rafferty Servicing, Inc. · Non-Member Managerindirect · owns F of Rafferty Holdings LLC
- Gst Fbo Kathleen Rafferty Hay & Heirs · Memberdirect · owns 5% to 10%
- Gst Fbo Michael Rafferty & Heirs · Memberdirect · owns 5% to 10%
- Minakian Partners, LLC · Memberdirect · owns 25% to 50%
Related persons
Schedule D 7.A
- Hilton Capital Management, LLCinvestment advisernRAUM $3.2B
- Howard Capital Managementinvestment advisernRAUM $1.5B
Advisers that list Rafferty Asset Management, LLC as a related person
Offices
Schedule D 1.F, the 25 largest
- New York, NY2 employees
- Boston, MA
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- advisor count surgeChange between filings · filing Mar 3, 2026advisory representatives (Item 5.B.3) moved from 7.0 to 17.0 (+143.0%) between the annual amendments of 2025-02-19 and 2026-03-03; the peer median change was +3.0% (50 comparable advisers, 98.0th percentile of changes)peers: asset managers, $20B and over (50) · 98% percentile
What changed
consecutive filings, newest first
- Accounts · 120 to 133Jul 1, 2025 to Mar 3, 2026
- BD registered reps · 11 to 3Jul 1, 2025 to Mar 3, 2026
- Employees · 43 to 45Jul 1, 2025 to Mar 3, 2026
- State-registered IARs · 7 to 17Jul 1, 2025 to Mar 3, 2026
- Discretionary RAUM · $55B to $55BJul 1, 2025 to Mar 3, 2026
- Pooled vehicle RAUM · $25.7M to $35.8MJul 1, 2025 to Mar 3, 2026
- RAUM · $55B to $55BJul 1, 2025 to Mar 3, 2026
- Accounts · 107 to 120Feb 19, 2025 to Jul 1, 2025
- Financial planning clients · 0 to 0Feb 19, 2025 to Jul 1, 2025
- Discretionary RAUM · $47B to $55BFeb 19, 2025 to Jul 1, 2025
- Pooled vehicle RAUM · $30.2M to $25.7MFeb 19, 2025 to Jul 1, 2025
- RAUM · $47B to $55BFeb 19, 2025 to Jul 1, 2025
- Accounts · 103 to 107Dec 3, 2024 to Feb 19, 2025
- Discretionary RAUM · $51B to $47BDec 3, 2024 to Feb 19, 2025
- Pooled vehicle RAUM · $33.2M to $30.2MDec 3, 2024 to Feb 19, 2025
- RAUM · $51B to $47BDec 3, 2024 to Feb 19, 2025
- Accounts · 87 to 103Feb 27, 2024 to Dec 3, 2024
- BD registered reps · 8 to 11Feb 27, 2024 to Dec 3, 2024
- Employees · 37 to 43Feb 27, 2024 to Dec 3, 2024
- State-registered IARs · 5 to 7Feb 27, 2024 to Dec 3, 2024
- Discretionary RAUM · $38B to $51BFeb 27, 2024 to Dec 3, 2024
- Pooled vehicle RAUM · $25.4M to $33.2MFeb 27, 2024 to Dec 3, 2024
- RAUM · $38B to $51BFeb 27, 2024 to Dec 3, 2024
- Accounts · 84 to 87Jun 15, 2023 to Feb 27, 2024
- BD registered reps · 12 to 8Jun 15, 2023 to Feb 27, 2024
- Employees · 35 to 37Jun 15, 2023 to Feb 27, 2024
- Discretionary RAUM · $29B to $38BJun 15, 2023 to Feb 27, 2024
- Pooled vehicle RAUM · $50.3M to $25.4MJun 15, 2023 to Feb 27, 2024
- RAUM · $29B to $38BJun 15, 2023 to Feb 27, 2024
- Related broker-dealer · true to falseJun 15, 2023 to Feb 27, 2024
- Accounts · 99 to 84Feb 14, 2023 to Jun 15, 2023
- BD registered reps · 13 to 12Feb 14, 2023 to Jun 15, 2023
- Pooled vehicle clients · 2 to 1Feb 14, 2023 to Jun 15, 2023
- Discretionary RAUM · $23B to $29BFeb 14, 2023 to Jun 15, 2023
- Pooled vehicle RAUM · $55.4M to $50.3MFeb 14, 2023 to Jun 15, 2023
- RAUM · $23B to $29BFeb 14, 2023 to Jun 15, 2023
- Advisory employees · 10 to 13Oct 17, 2022 to Feb 14, 2023
- BD registered reps · 10 to 13Oct 17, 2022 to Feb 14, 2023
- Employees · 34 to 35Oct 17, 2022 to Feb 14, 2023
- State-registered IARs · 6 to 5Oct 17, 2022 to Feb 14, 2023
Signals
10 dated events
- Rafferty Asset Management, Llc reported 17 state-registered advisory representatives, up from 7 (2025-07-01 to 2026-03-03)Mar 3, 2026 · Advisor headcount change · derived
- Rafferty Asset Management, Llc reported RAUM $50.5B, up 32% from $38.3B (2024-02-27 to 2024-12-03)Dec 3, 2024 · RAUM change · derived
- Michael Douglas Yones (Chief Executive Officer) appeared on Schedule A of Rafferty Asset Management, LlcDec 3, 2024 · Control person joined · fact
- Rafferty Asset Management, Llc reported RAUM $38.3B, up 34% from $28.5B (2023-06-15 to 2024-02-27)Feb 27, 2024 · RAUM change · derived
- Rafferty Asset Management, Llc reported RAUM $20.4B, down 34% from $31.0B (2022-03-10 to 2022-10-14)Oct 14, 2022 · RAUM change · derived
- Damian Robert Nestor (President) no longer on Schedule A of Rafferty Asset Management, Llc (listed 2021-10-04, absent 2022-03-10)Mar 10, 2022 · Control person left · inference
- Rafferty Asset Management, Llc reported RAUM $25.9B, up 32% from $19.6B (2021-03-25 to 2021-10-04)Oct 4, 2021 · RAUM change · derived
- Rafferty Asset Management, Llc reported RAUM $19.6B, up 32% from $14.8B (2020-03-30 to 2021-03-25)Mar 25, 2021 · RAUM change · derived
- Colin Lawrence Rafferty (Officer And Trustee) no longer on Schedule A of Rafferty Asset Management, Llc (listed 2019-09-23, absent 2019-11-13)Nov 13, 2019 · Control person left · inference
- Paul Joseph Cipolla (Officer) appeared on Schedule A of Rafferty Asset Management, LlcSep 23, 2019 · Control person joined · fact
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
- Firm profile
- LINKEDIN.COM/COMPANY/27605698reportedpublic record, Form ADV, Sep 18, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/990494reportedpublic record, Form ADV, Sep 18, 2026
- Website
- Direxion.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 646-572-3390reportedpublic record, Form ADV, Mar 3, 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
- $55Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026