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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SEC-registered adviser
N•••••• A••• L••
Latest filing Jun 9, 2026
First filing on the tape Mar 2, 2012 · 29 filings
SEC status approved since Feb 4, 2002
RAUM
$120M
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
9
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$120M as of Jun 9, 2026
Mar 2, 2012$2.0B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jun 9, 2026
Mar 2, 20120 then
Employees (5.A)9 as of Jun 9, 2026
Mar 1, 20138 then
Private funds4 as of Jun 9, 2026
Mar 2, 20126 then
RAUM -27% over the last fiscal year-57% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 9, 2026; 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
- $30.0MderivedRAUM 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
- -27%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 assetsreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $120M, 4 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$120M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 4reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $120M for 4 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
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
7 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| N•••••• A••• P••••••• F•••• L• | Other Private Fund | $299M | 196 | Mar 2, 2012 |
| N•••••• A••• I••••••••• F•••• L• | Other Private Fund | $279M | 55 | Mar 2, 2012 |
| N•••••• A••• C•••• F•••• L•••no longer reported | Other Private Fund | $101M | 7 | May 14, 2014 |
| N•••••• A••• A••••••• F•••• L• | Other Private Fund | $42.1M | 52 | Mar 2, 2012 |
| N•••••• A••• G••••• • I••••• F•••• L• | Other Private Fund | $39.0M | 66 | Mar 2, 2012 |
| N•••••• A••• J•••• F•••• L•••no longer reported | Other Private Fund | $8.8M | 5 | Mar 2, 2012 |
| N•••••• A••• G••••• F•••• L••• | Other Private Fund | $6.7M | 46 | Mar 2, 2012 |
Owners and control persons
Schedule A and B, latest filing
- D••••••••• P••••••• C••••• · Chief Compliance Officercontrolsince 12/2023 · owns less than 5%
- E••••• M••••••• N•• · Managing Membercontrolsince 06/2002 · owns 10% to 25%
- F••••••• A••••• D•••• · Managing Membercontrolsince 01/2019 · owns 10% to 25%
- L•••••••• C••••••••• H••••• · Managing Membercontrolsince 10/2004 · owns 25% to 50%
- S•••••••• E•••• R••••• L•••• · Managing Membercontrolsince 04/2014 · owns 10% to 25%
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
- Assets in custody · $165M to $120MMar 25, 2025 to Mar 26, 2026
- Discretionary RAUM · $165M to $120MMar 25, 2025 to Mar 26, 2026
- Pooled vehicle RAUM · $165M to $120MMar 25, 2025 to Mar 26, 2026
- RAUM · $165M to $120MMar 25, 2025 to Mar 26, 2026
- Accounts · 5 to 4Mar 12, 2024 to Mar 25, 2025
- Pooled vehicle clients · 5 to 4Mar 12, 2024 to Mar 25, 2025
- Assets in custody · $666M to $165MMar 12, 2024 to Mar 25, 2025
- Financial planning clients · unset to Mar 12, 2024 to Mar 25, 2025
- Private funds · 5 to 4Mar 12, 2024 to Mar 25, 2025
- Discretionary RAUM · $666M to $165MMar 12, 2024 to Mar 25, 2025
- Pooled vehicle RAUM · $666M to $165MMar 12, 2024 to Mar 25, 2025
- RAUM · $666M to $165MMar 12, 2024 to Mar 25, 2025
- Advisory employees · 7 to 5Dec 1, 2023 to Mar 11, 2024
- Assets in custody · $1.5B to $666MDec 1, 2023 to Mar 11, 2024
- Employees · 13 to 9Dec 1, 2023 to Mar 11, 2024
- Discretionary RAUM · $1.5B to $666MDec 1, 2023 to Mar 11, 2024
- Pooled vehicle RAUM · $1.5B to $666MDec 1, 2023 to Mar 11, 2024
- RAUM · $1.5B to $666MDec 1, 2023 to Mar 11, 2024
- Assets in custody · $2.3B to $1.5BMar 15, 2022 to Mar 10, 2023
- Employees · 14 to 13Mar 15, 2022 to Mar 10, 2023
- Discretionary RAUM · $2.3B to $1.5BMar 15, 2022 to Mar 10, 2023
- Pooled vehicle RAUM · $2.3B to $1.5BMar 15, 2022 to Mar 10, 2023
- RAUM · $2.3B to $1.5BMar 15, 2022 to Mar 10, 2023
- Advisory employees · 8 to 7Feb 8, 2021 to Mar 15, 2022
- Assets in custody · $2.6B to $2.3BFeb 8, 2021 to Mar 15, 2022
- Employees · 13 to 14Feb 8, 2021 to Mar 15, 2022
- Discretionary RAUM · $2.6B to $2.3BFeb 8, 2021 to Mar 15, 2022
- Pooled vehicle RAUM · $2.6B to $2.3BFeb 8, 2021 to Mar 15, 2022
- RAUM · $2.6B to $2.3BFeb 8, 2021 to Mar 15, 2022
- Advisory employees · 9 to 8Mar 25, 2020 to Feb 4, 2021
- Assets in custody · $2.4B to $2.6BMar 25, 2020 to Feb 4, 2021
- Discretionary RAUM · $2.4B to $2.6BMar 25, 2020 to Feb 4, 2021
- Pooled vehicle RAUM · $2.4B to $2.6BMar 25, 2020 to Feb 4, 2021
- RAUM · $2.4B to $2.6BMar 25, 2020 to Feb 4, 2021
- Advisory employees · 8 to 9Mar 8, 2019 to Mar 25, 2020
- Advisory activities · 2 to 1Mar 8, 2019 to Mar 25, 2020
- Assets in custody · $2.1B to $2.4BMar 8, 2019 to Mar 25, 2020
- Employees · 12 to 13Mar 8, 2019 to Mar 25, 2020
- Discretionary RAUM · $2.1B to $2.4BMar 8, 2019 to Mar 25, 2020
- Pooled vehicle RAUM · $2.1B to $2.4BMar 8, 2019 to Mar 25, 2020
Signals
9 dated events
- N•••••• A••• L•• reported RAUM $164.6M, down 75% from $666.0M (2024-03-12 to 2025-03-25)Mar 25, 2025 · RAUM change · derived
- N•••••• A••• L•• reported RAUM $666.0M, down 56% from $1.5B (2023-12-01 to 2024-03-11)Mar 11, 2024 · RAUM change · derived
- Nicole Heather Slate (Chief Compliance Officer) no longer on Schedule A of N•••••• A••• L•• (listed 2023-06-30, absent 2023-12-01)Dec 1, 2023 · Control person left · inference
- Castro P•••••• D•••••••• (Director/Chief Compliance Officer) appeared on Schedule A of N•••••• A••• L••Dec 1, 2023 · Control person joined · fact
- Nicole Heather Slate (Chief Compliance Officer) appeared on Schedule A of N•••••• A••• L••Jun 30, 2023 · Control person joined · fact
- C••••••• A••• S•••••••• (Chief Compliance Officer) no longer on Schedule A of N•••••• A••• L•• (listed 2023-03-10, absent 2023-06-30)Jun 30, 2023 · Control person left · inference
- N•••••• A••• L•• reported RAUM $1.5B, down 36% from $2.3B (2022-03-15 to 2023-03-10)Mar 10, 2023 · RAUM change · derived
- C••••••• A••• S•••••••• (Chief Compliance Officer) appeared on Schedule A of N•••••• A••• L••Feb 4, 2021 · Control person joined · fact
- David Amman Fenster (Managing Member) appeared on Schedule A of N•••••• A••• L••Mar 25, 2020 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- N•••••• A••• L•• · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Firm profile
- LINKEDIN.COM/COMPANY/N••••••-A•••-LLCreportedpublic record, Form ADV, Sep 19, 2026
- Website
- N••••••A•••LLC.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 415/677-8620reportedpublic record, Form ADV, Jun 9, 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
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026