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

P••••••• L•••••

Former SEC-registered adviserBethesda, MarylandCRD 112774SEC 801-74108IAPD
Latest filing Aug 1, 2014
First filing on the tape Feb 14, 2012 · 12 filings
RAUM
$332M
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
10
8 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
5
$288M gross assets
History
12 filings and snapshots on the tape
RAUM$330M as of Mar 28, 2014
Mar 28, 2013$528M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 28, 2014
Mar 28, 20130 then
Employees (5.A)10 as of Mar 28, 2014
Mar 28, 201317 then
Private funds5 as of Mar 28, 2014
Mar 28, 20137 then
RAUM -37% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Aug 1, 2014; 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
$55.4MderivedRAUM 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
-37%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-based, otherreportedItem 5.E
Advisory activities
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
  • 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)
  • 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
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
6reported
Financial planning clients
n/areported
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
      7 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      P•••••• P••••••• V••• L•••Private Equity Fund$143M72Feb 14, 2012
      P•••••• M••••• O••••••••• F•••• L•••Private Equity Fund$107M87Feb 14, 2012
      P•••••• 2••• E••••••••• L•••••Private Equity Fund$24.9M34Feb 14, 2012
      P•••••• 2•••• L•••••Private Equity Fund$11.8M28Feb 14, 2012
      P•••••• C••••••• L•••••Private Equity Fund$253,09930Feb 14, 2012
      P•••••• C•• R•••••••• L•••••Other Private Fund$145,72412Mar 28, 2013
      P•••••• W• I••••••••• F•••• L•••••Other Private Fund$14,9878Mar 28, 2013
      Owners and control persons
      Schedule A and B, latest filing
      • S••••••••• J•••• T••••• · Senior Executivecontrol
        since 05/2012 · owns less than 5%
      • S••••• K••••••• M•••••• · Senior Managing Directorcontrol
        since 09/1995 · owns less than 5%
      • T•••••• S••••• R•••••• I••••• · Chief Financial Officercontrol
        since 01/2012 · owns less than 5%
      • A•••••• T•••••• M•••• · Trustee - See Miscellaneouscontrol
        since 05/2012 · owns F of P•••••• T••••
      • P••••••• B••••• E••••• · Trustee - See Miscellaneouscontrol
        since 05/2012 · owns F of P•••••• T••••
      Entity owners
      • P•••••• H•••••• L••••• · Managing Member
        direct · owns 75% or more
      • M••••••••• M••••• L••• I•••••••• C•••••• · Member - See Miscellaneous
        indirect · owns 75% or more of P••••••••• L•••••
      • P•••••• T•••• · Managing Member - See Miscellaneous
        indirect · owns 50% to 75% of P••••••••• L•••••
      • P•••••• T•••• · Shareholder - See Miscellaneous
        indirect · owns 75% or more of R••••••••• I••••••••• C••••••
      • P••••••••• L••••• · Managing Member
        indirect · owns 75% or more of P•••••• H•••••• L•••••
      • R••••••••• I••••••••• C•••••• · Member
        indirect · owns 25% to 50% of P••••••••• L•••••
      Related persons
      Schedule D 7.A
      • P•••••• 2••• E•••••••• M••••••••• L•••••
        pooled vehicle sponsory
      • P•••••• 2••• M••••••••• L•••••
        pooled vehicle sponsory
      • P•••••• M••••••••• L•••••
        pooled vehicle sponsory
      • P•••••• M••••• O••••••••• M••••••••• L•••••
        pooled vehicle sponsory
      • P•••••• M••••• O••••••••• P•••••••• L•••
        pooled vehicle sponsory
      • P•••••• P••••••• V•• G•• L•••
        pooled vehicle sponsory
      • P•••••• P••••••• V••• L•••••
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Discretionary RAUM · $330M to $332M
        Mar 28, 2014 to May 21, 2014
      • RAUM · $330M to $332M
        Mar 28, 2014 to May 21, 2014
      • Accounts · 8 to 6
        Jul 1, 2013 to Mar 28, 2014
      • Advisory employees · 12 to 8
        Jul 1, 2013 to Mar 28, 2014
      • Employees · 15 to 10
        Jul 1, 2013 to Mar 28, 2014
      • Private funds · 7 to 5
        Jul 1, 2013 to Mar 28, 2014
      • Discretionary RAUM · $531M to $330M
        Jul 1, 2013 to Mar 28, 2014
      • RAUM · $531M to $330M
        Jul 1, 2013 to Mar 28, 2014
      • Advisory employees · 14 to 12
        May 29, 2013 to Jul 1, 2013
      • Employees · 17 to 15
        May 29, 2013 to Jul 1, 2013
      • HQ city · WASHINGTON to BETHESDA
        May 29, 2013 to Jul 1, 2013
      • HQ state · DC to MD
        May 29, 2013 to Jul 1, 2013
      • Discretionary RAUM · $528M to $531M
        Mar 28, 2013 to May 29, 2013
      • RAUM · $528M to $531M
        Mar 28, 2013 to May 29, 2013
      • Private funds · 5 to 7
        Dec 14, 2012 to Mar 28, 2013
      • Accounts · 9 to 8
        Dec 14, 2012 to Mar 28, 2013
      • Advisory employees · 20 to 14
        Dec 14, 2012 to Mar 28, 2013
      • Employees · 25 to 17
        Dec 14, 2012 to Mar 28, 2013
      • Discretionary RAUM · $926M to $528M
        Dec 14, 2012 to Mar 28, 2013
      • RAUM · $926M to $528M
        Dec 14, 2012 to Mar 28, 2013
      • Related adviser · true to false
        Dec 14, 2012 to Mar 28, 2013
      • Related bank · true to false
        Dec 14, 2012 to Mar 28, 2013
      • Related broker-dealer · true to false
        Dec 14, 2012 to Mar 28, 2013
      • Advisory employees · unset to 20.0
        Sep 10, 2012 to Dec 14, 2012
      • BD registered reps · unset to 0.0
        Sep 10, 2012 to Dec 14, 2012
      • Employees · unset to 25.0
        Sep 10, 2012 to Dec 14, 2012
      • State-registered IARs · unset to 0.0
        Sep 10, 2012 to Dec 14, 2012
      • Related adviser · false to true
        Feb 16, 2012 to Jun 8, 2012
      • Related bank · false to true
        Feb 16, 2012 to Jun 8, 2012
      • Related broker-dealer · false to true
        Feb 16, 2012 to Jun 8, 2012
      • Business name · P••••••• L•• to P••••••• L•••••
        Feb 14, 2012 to Feb 16, 2012
      • Legal name · P••••••• L•• to P••••••• L•••••
        Feb 14, 2012 to Feb 16, 2012
      Signals
      No event on the tape.
      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