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••••••• F•••••••• L••

Former SEC-registered adviserDenver, ColoradoCRD 112732SEC 801-60893IAPD
Latest filing Mar 29, 2022
First filing on the tape Apr 2, 2012 · 15 filings
RAUM
$565M
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
8
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
$6.6M gross assets
History
15 filings and snapshots on the tape
RAUM$565M as of Mar 29, 2022
Apr 2, 2012$107M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 29, 2022
Apr 2, 20120 then
Employees (5.A)8 as of Mar 29, 2022
Apr 1, 201316 then
Private funds1 as of Mar 29, 2022
Apr 2, 20129 then
RAUM -32% over the last fiscal year+13% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 29, 2022; 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
$283MderivedRAUM 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
-32%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 pooled vehicles, portfolio management for investment companiesreportedItem 5.G
Custody
$6.6M, 1 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
  • 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)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$559M99%
  • Pooled investment vehicles$6.6M1.2%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$6.6M for 1 clientsreported
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
      Private funds
      12 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      B••••••• S••••••••• O••••••••• F•••• L•no longer reportedHedge Fund$103M96Apr 1, 2013
      M••••••• O••••••••• F••• V•• S••••• D• L•no longer reportedHedge Fund$63.3M91Apr 2, 2012
      M••••••• O••••••••• F••• V•••• L•no longer reportedHedge Fund$42.7M84Apr 2, 2012
      S•••• S••••• F••• I• L•no longer reportedHedge Fund$12.7M80Apr 2, 2012
      C••••• P••• S••••••••• I••••••••• L•Hedge Fund$6.6M13Mar 29, 2016
      B•••• S•• R••• E••••• I•••••••• V•• L•no longer reportedHedge Fund$3.5M6Apr 2, 2012
      M••••••• O••••••••• F••• V••• S••••• B• L•no longer reportedHedge Fund$3.1M7Apr 2, 2014
      B•• C••• F•••• L•no longer reportedPrivate Equity Fund$2.4M15Apr 2, 2012
      B•••• S•• R••• E••••• I•••••••• V••• L•no longer reportedHedge Fund$980,3571Apr 2, 2012
      M••••••• O••••••••• F••• V•• L•no longer reportedHedge Fund$00Apr 2, 2012
      M••••••• O••••••••• F••• V• S••••• B• L•••no longer reportedHedge Fund$00Apr 2, 2012
      G••••• S•• F•••• L•no longer reportedHedge Fund$00Apr 2, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • A••••• H•••••• B••• · Chief Executive Officer, President, Chief Investment Officercontrol
        since 05/1994 · owns less than 5%
      • G•••••••• T•••• R•••••• · Portfolio Managercontrol
        since 05/2005 · owns less than 5%
      • G••••••••• K•• · Chief Compliance Officercontrol
        since 12/2012 · owns less than 5%
      • P•••••• T•••••• S•••••• · Chief Financial Officer, Chief Operations Officer, Corporate Secretarycontrol
        since 02/2003 · owns less than 5%
      • T••••• G••••••• E••••• · Senior Portfolio Manager, Senior Vice Presidentcontrol
        since 12/2010 · owns less than 5%
      • A••••• H•••••• B••• · Membercontrol
        since 10/2020 · owns 75% or more of B••••••• H••••••• C••••••• L••
      Entity owners
      • B••••••• F•••••••• G•• L•• · Member
        direct · owns 75% or more
      • B••••••• H••••••• C••••••• L•• · Member
        indirect · owns 75% or more of B••••••• F•••••••• G•• L••
      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
      • BD registered reps · 1 to 0
        Mar 31, 2021 to Mar 29, 2022
      • Assets in custody · $5.8M to $6.6M
        Mar 31, 2021 to Mar 29, 2022
      • Employees · 9 to 8
        Mar 31, 2021 to Mar 29, 2022
      • Discretionary RAUM · $832M to $565M
        Mar 31, 2021 to Mar 29, 2022
      • Pooled vehicle RAUM · $5.8M to $6.6M
        Mar 31, 2021 to Mar 29, 2022
      • RAUM · $832M to $565M
        Mar 31, 2021 to Mar 29, 2022
      • Advisory employees · 6 to 5
        Mar 31, 2020 to Mar 31, 2021
      • Assets in custody · $5.0M to $5.8M
        Mar 31, 2020 to Mar 31, 2021
      • Employees · 10 to 9
        Mar 31, 2020 to Mar 31, 2021
      • Discretionary RAUM · $662M to $832M
        Mar 31, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $5.0M to $5.8M
        Mar 31, 2020 to Mar 31, 2021
      • RAUM · $662M to $832M
        Mar 31, 2020 to Mar 31, 2021
      • Advisory employees · 5 to 6
        Sep 27, 2019 to Mar 31, 2020
      • BD registered reps · 0 to 1
        Sep 27, 2019 to Mar 31, 2020
      • Assets in custody · $3.9M to $5.0M
        Sep 27, 2019 to Mar 31, 2020
      • Employees · 9 to 10
        Sep 27, 2019 to Mar 31, 2020
      • State-registered IARs · 1 to 0
        Sep 27, 2019 to Mar 31, 2020
      • Discretionary RAUM · $394M to $662M
        Sep 27, 2019 to Mar 31, 2020
      • Pooled vehicle RAUM · $3.9M to $5.0M
        Sep 27, 2019 to Mar 31, 2020
      • RAUM · $394M to $662M
        Sep 27, 2019 to Mar 31, 2020
      • BD registered reps · 1 to 0
        Mar 30, 2018 to Mar 22, 2019
      • Assets in custody · $2.8M to $3.9M
        Mar 30, 2018 to Mar 22, 2019
      • Discretionary RAUM · $159M to $394M
        Mar 30, 2018 to Mar 22, 2019
      • Pooled vehicle RAUM · $2.8M to $3.9M
        Mar 30, 2018 to Mar 22, 2019
      • RAUM · $159M to $394M
        Mar 30, 2018 to Mar 22, 2019
      • Accounts · 3 to 2
        Mar 29, 2017 to Mar 30, 2018
      • BD registered reps · 0 to 1
        Mar 29, 2017 to Mar 30, 2018
      • Pooled vehicle clients · unset to 1.0
        Mar 29, 2017 to Mar 30, 2018
      • Assets in custody · $2.4M to $2.8M
        Mar 29, 2017 to Mar 30, 2018
      • Employees · 11 to 9
        Mar 29, 2017 to Mar 30, 2018
      • Other offices · unset to 0.0
        Mar 29, 2017 to Mar 30, 2018
      • Discretionary RAUM · $79.1M to $159M
        Mar 29, 2017 to Mar 30, 2018
      • Pooled vehicle RAUM · unset to 2816632.0
        Mar 29, 2017 to Mar 30, 2018
      • RAUM · $79.1M to $159M
        Mar 29, 2017 to Mar 30, 2018
      • Accounts · 4 to 3
        Mar 29, 2016 to Mar 29, 2017
      • Advisory employees · 4 to 5
        Mar 29, 2016 to Mar 29, 2017
      • Assets in custody · $3.3M to $2.4M
        Mar 29, 2016 to Mar 29, 2017
      • Employees · 13 to 11
        Mar 29, 2016 to Mar 29, 2017
      • State-registered IARs · 0 to 1
        Mar 29, 2016 to Mar 29, 2017
      • Private funds · 3 to 1
        Mar 29, 2016 to Mar 29, 2017
      Signals
      5 dated events
      • B••••••• F•••••••• L•• reported RAUM $565.4M, down 32% from $831.5M (2021-03-31 to 2022-03-29)
        Mar 29, 2022 · RAUM change · derived
      • Charles David Allon (Senior Vice President) no longer on Schedule A of B••••••• F•••••••• L•• (listed 2021-03-31, absent 2022-03-29)
        Mar 29, 2022 · Control person left · inference
      • B••••••• F•••••••• L•• reported RAUM $831.5M, up 26% from $662.0M (2020-03-31 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • B••••••• F•••••••• L•• reported RAUM $662.0M, up 68% from $394.1M (2019-09-27 to 2020-03-31)
        Mar 31, 2020 · RAUM change · derived
      • B••••••• F•••••••• L•• reported RAUM $394.1M, up 148% from $159.1M (2018-03-30 to 2019-03-22)
        Mar 22, 2019 · 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