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

Tag Associates LLC

Independent wealth managerNew York, New YorkCRD 116959SEC 801-60908websiteIAPD
Latest filing Jun 26, 2026
First filing on the tape Mar 28, 2012 · 21 filings
SEC status approved since Jan 1, 2002
RAUM
$7.1B
reported, Item 5.F
Discretionary
4.5%
of RAUM
Private clients
97%
$6.9B individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$7.1B
derived; firm RAUM over IAPD count
Employees
71
23 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
10
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$7.1B as of Jun 26, 2026
Mar 28, 2012$6.9B then
HNW client RAUM$6.9B as of Jun 26, 2026
Mar 27, 2018$8.4B then
State-registered IARs (5.B.3)1 as of Jun 26, 2026
Mar 22, 20130 then
Employees (5.A)71 as of Jun 26, 2026
Mar 22, 201366 then
Private funds10 as of Jun 26, 2026
Mar 28, 20129 then
RAUM -1.0% over the last fiscal year-4.3% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Jun 26, 2026; every figure names its basis
Archetypes, each a printed rule
  • Multi-family-office-like · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, average HNW client assets at least $25M, fewer than 200 HNW clients, and business name contains 'family office' or private funds are reported
  • RIA with heavy alternatives · a wealth manager whose private fund gross assets are at least 25 percent of RAUM, or five or more private funds
  • RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
  • UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
RAUM per advisor
$7.1BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
80derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$85.7MderivedHNW RAUM over HNW clients
Average account
$5.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
4.5%derivedof RAUM
Institutional
0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
71.0derivedItem 5.A over advisors
Advisors per office
0.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-1.0%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-15%derived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for pooled vehicles, pension consulting, selection of other advisersreportedItem 5.G
Custody
$1.1B, 65 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
  • 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$6.9B97%
  • Pooled investment vehicles$202M2.9%
  • Pension and profit-sharing plans$8.3M0.1%
Individual clients
0reported
HNW clients
80reported
Pension plan clients
n/areported
Charitable clients
0reported
Accounts
1,366reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
$1.1B for 65 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.97 fund_share=0.03 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0 bank_owner=falsederived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
John Steven PantowichNew York, NyMay 1, 201424 y1
Advisor movement
0 left, 0 joined in 12 months
net 0 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
    none on the tape
      Private funds
      13 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Tag Master Relative Value Fund LLCHedge Fund$114M2Mar 28, 2012
      Tag Relative Value Client Fund, LPHedge Fund$76.8M48Mar 28, 2012
      Tag Relative Value Offshore Fund, Ltd.Hedge Fund$37.1M33Mar 28, 2012
      Tag Diversified Strategies Fund, LPHedge Fund$34.4M28Mar 28, 2012
      Tag Blockchain Opportunities Fund Series Of Tag Series Fund, LLCPrivate Equity Fund$22.1M66Mar 29, 2022
      Tag Absolute Return Insurance Dedicated Fund, LPno longer reportedHedge Fund$15.6M1Mar 28, 2012
      Tag Dislocation & Recovery Fund Series Of Tag Series Fund, LLCPrivate Equity Fund$12.9M83Mar 31, 2021
      Tag Credit Opportunities Fund Series Of Tag Series Fund, LLC$6.6M32Jun 26, 2026
      Tag Relative Value Fund, LPno longer reportedHedge Fund$5.4M7Mar 28, 2012
      Tag Distressed Debt Fund II, LLCPrivate Equity Fund$5.1M47Mar 28, 2012
      Tag Yield Opportunities Fund, LLCOther Private Fund$4.7M52Mar 30, 2016
      Tag Distressed Debt Fund III, LLCPrivate Equity Fund$2.7M56Mar 28, 2012
      Tag Distressed Debt Fund LLCno longer reportedHedge Fund$2.2M15Mar 28, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • Eric David Basner · Chief Executive Officercontrol
        since 10/2010 · owns less than 5%
      • Michael Jonathan Bergman · Presidentcontrol
        since 03/2019 · owns less than 5%
      • Lee Gary Fuhrman · Chairman Of Tag Associates & Tag Holdingscontrol
        since 10/2009 · owns less than 5%
      • Eric David Basner · Presidentcontrol
        since 10/2009 · owns F of Tag Associates Holdings LLC
      • Lee Gary Fuhrman · Chairmancontrol
        since 10/2009 · owns 75% or more of Tag Associates Holdings LLC
      • L Jorge Gonzalez · Chief Compliance Officer
        since 01/2004 · owns less than 5%
      Entity owners
      • Tag Associates Holding, LLC · Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      • Gf Capital Asset Advisors, LLC
        investment advisernRAUM $288M
      • Gf Capital Asset Management, LLC
        investment advisern
      • Gf Capital Cse Gp, LLC
        pooled vehicle sponsorn
      • Gf Capital Private Equity Gp II, LLC
        pooled vehicle sponsorn
      • Gf Capital Private Equity Gp, LLC
        pooled vehicle sponsorn
      • Gf Capital Private Equity Management, LLC
        investment advisern
      • Gf Edgecombe Ventures Gp, LLC
        pooled vehicle sponsorn
      • Gf Midtown East Gp, LLC
        pooled vehicle sponsorn
      • Gf P&B Gp, LLC
        pooled vehicle sponsorn
      • Gf Riverside Drive Gp, LLC
        pooled vehicle sponsorn
      • Tag Associates Florida LLC
        investment advisernRAUM $35.5M
      • Tag Portfolio Management Group LLC
        bankpooled vehicle sponsorn
      Advisers that list Tag Associates LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Ketchum, ID1 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • low discretionary shareStatic outlier · filing Jun 26, 2026
        discretionary share of RAUM of 5% against a peer median of 97% (289 comparable advisers, 1.0th percentile, 23.1 robust deviations)
        peers: independent wealth managers, $5B to $20B (289) · 1.4% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 1,430 to 1,366
        Sep 17, 2025 to Mar 31, 2026
      • Advisory employees · 25 to 23
        Sep 17, 2025 to Mar 31, 2026
      • HNW clients · 94 to 80
        Sep 17, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 9 to 10
        Sep 17, 2025 to Mar 31, 2026
      • Assets in custody · $1.2B to $1.1B
        Sep 17, 2025 to Mar 31, 2026
      • Employees · 72 to 71
        Sep 17, 2025 to Mar 31, 2026
      • Discretionary RAUM · $451M to $319M
        Sep 17, 2025 to Mar 31, 2026
      • HNW RAUM · $6.9B to $6.9B
        Sep 17, 2025 to Mar 31, 2026
      • Non-discretionary RAUM · $6.7B to $6.7B
        Sep 17, 2025 to Mar 31, 2026
      • Pension RAUM · $9.0M to $8.3M
        Sep 17, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $196M to $202M
        Sep 17, 2025 to Mar 31, 2026
      • RAUM · $7.1B to $7.1B
        Sep 17, 2025 to Mar 31, 2026
      • Accounts · 1,403 to 1,430
        Mar 28, 2024 to Apr 23, 2025
      • Advisory employees · 24 to 25
        Mar 28, 2024 to Apr 23, 2025
      • Advisory activities · 6 to 5
        Mar 28, 2024 to Apr 23, 2025
      • Charity clients · unset to 0.0
        Mar 28, 2024 to Apr 23, 2025
      • Corporate clients · unset to 0.0
        Mar 28, 2024 to Apr 23, 2025
      • HNW clients · 96 to 94
        Mar 28, 2024 to Apr 23, 2025
      • Individual clients · unset to 0.0
        Mar 28, 2024 to Apr 23, 2025
      • Assets in custody · $990M to $1.2B
        Mar 28, 2024 to Apr 23, 2025
      • Employees · 71 to 72
        Mar 28, 2024 to Apr 23, 2025
      • Financial planning clients · 51-100 to 51-100
        Mar 28, 2024 to Apr 23, 2025
      • Private funds · 9 to 10
        Mar 28, 2024 to Apr 23, 2025
      • Discretionary RAUM · $338M to $451M
        Mar 28, 2024 to Apr 23, 2025
      • HNW RAUM · $8.5B to $6.9B
        Mar 28, 2024 to Apr 23, 2025
      • Individual RAUM · unset to 0.0
        Mar 28, 2024 to Apr 23, 2025
      • Non-discretionary RAUM · $8.4B to $6.7B
        Mar 28, 2024 to Apr 23, 2025
      • Pension RAUM · $12.5M to $9.0M
        Mar 28, 2024 to Apr 23, 2025
      • Pooled vehicle RAUM · $199M to $196M
        Mar 28, 2024 to Apr 23, 2025
      • RAUM · $8.7B to $7.1B
        Mar 28, 2024 to Apr 23, 2025
      • Accounts · 1,263 to 1,403
        Mar 28, 2023 to Mar 28, 2024
      • Advisory employees · 25 to 24
        Mar 28, 2023 to Mar 28, 2024
      • HNW clients · 91 to 96
        Mar 28, 2023 to Mar 28, 2024
      • Assets in custody · $701M to $990M
        Mar 28, 2023 to Mar 28, 2024
      • Employees · 73 to 71
        Mar 28, 2023 to Mar 28, 2024
      • Discretionary RAUM · $310M to $338M
        Mar 28, 2023 to Mar 28, 2024
      • HNW RAUM · $7.9B to $8.5B
        Mar 28, 2023 to Mar 28, 2024
      • Non-discretionary RAUM · $7.8B to $8.4B
        Mar 28, 2023 to Mar 28, 2024
      • Pension RAUM · $12.4M to $12.5M
        Mar 28, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $199M to $199M
        Mar 28, 2023 to Mar 28, 2024
      Signals
      2 dated events
      • Michael Jonathan Bergman (President) appeared on Schedule A of Tag Associates Llc
        Mar 29, 2022 · Control person joined · fact
      • Howard Stanley Pantowich (Chairman) no longer on Schedule A of Tag Associates Llc (listed 2021-03-31, absent 2022-03-29)
        Mar 29, 2022 · Control person left · inference
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Business phone
      212-275-1500reportedpublished by the firm, firm site, Sep 15, 2026
      Business phone
      212-275-1510reportedpublished by the firm, firm site, Sep 15, 2026
      Firm profile
      linkedin.com/company/tag-associatesreportedpublic record, Form ADV, Sep 17, 2026
      Website
      TAGASSOC.COMreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      212-275-1500reportedpublic record, Form ADV, Jun 26, 2026
      Contact form
      tagassoc.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
      Team page
      tagassoc.com/about-us/our-peoplereportedpublished by the firm, firm site, Sep 15, 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
      Independent wealth managerderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      $7.1Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026