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

A•••••• A•••• M••••••••• L••

Institutional managerChicago, IllinoisCRD 118891SEC 801-60958websiteIAPD
Latest filing Mar 18, 2026
First filing on the tape Mar 7, 2012 · 21 filings
SEC status approved since Feb 25, 2002
RAUM
$3.9B
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
12
11 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$3.9B as of Mar 18, 2026
Mar 7, 2012$1.8B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 18, 2026
Mar 7, 20120 then
Employees (5.A)12 as of Mar 18, 2026
Mar 6, 201318 then
Private funds1 as of Mar 18, 2014
Mar 7, 20121 then
RAUM +14% over the last fiscal year+1.1% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 18, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
  • OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
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
$214MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
90%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
+14%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 businesses and institutions, selection of other advisersreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pension and profit-sharing plans$3.0B86%
  • Insurance companies$478M14%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
16reported
Charitable clients
n/areported
Accounts
18reported
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=0.0 institutional_share=0.9 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
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      A•••••• D•••••••• F••• L••no longer reportedHedge Fund$5.0M1Mar 7, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • B•••• L•••••• F•• · Chief Executive Officercontrol
        since 08/2001 · owns 50% to 75%
      • L••••• V•••••• A•••• · Managing Directorcontrol
        since 12/2016 · owns less than 5%
      • T•••••• D••••• A•••••• · Chief Operating Officer/Chief Compliance Officer
        since 01/2020 · owns less than 5%
      Entity owners
      • L••••• F• B•••• J•• T••••• D•••• J••• 2•• 2••• · Trust
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      No related person reported.
      Advisers that list A•••••• A•••• M••••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 17 to 18
        Mar 12, 2025 to Mar 18, 2026
      • Advisory employees · 12 to 11
        Mar 12, 2025 to Mar 18, 2026
      • Pension plan clients · 14 to 16
        Mar 12, 2025 to Mar 18, 2026
      • Employees · 13 to 12
        Mar 12, 2025 to Mar 18, 2026
      • Discretionary RAUM · $3.4B to $3.9B
        Mar 12, 2025 to Mar 18, 2026
      • Pension RAUM · $2.6B to $3.0B
        Mar 12, 2025 to Mar 18, 2026
      • RAUM · $3.4B to $3.9B
        Mar 12, 2025 to Mar 18, 2026
      • Accounts · 19 to 17
        Aug 27, 2024 to Mar 12, 2025
      • Advisory employees · 9 to 12
        Aug 27, 2024 to Mar 12, 2025
      • Pension plan clients · 16 to 14
        Aug 27, 2024 to Mar 12, 2025
      • Employees · 10 to 13
        Aug 27, 2024 to Mar 12, 2025
      • Financial planning clients · 0 to 0
        Aug 27, 2024 to Mar 12, 2025
      • Discretionary RAUM · $4.1B to $3.4B
        Aug 27, 2024 to Mar 12, 2025
      • Pension RAUM · $3.4B to $2.6B
        Aug 27, 2024 to Mar 12, 2025
      • RAUM · $4.1B to $3.4B
        Aug 27, 2024 to Mar 12, 2025
      • Accounts · 17 to 19
        Mar 8, 2023 to Mar 20, 2024
      • Advisory employees · 12 to 9
        Mar 8, 2023 to Mar 20, 2024
      • Pension plan clients · 15 to 16
        Mar 8, 2023 to Mar 20, 2024
      • Employees · 13 to 10
        Mar 8, 2023 to Mar 20, 2024
      • Discretionary RAUM · $3.7B to $4.1B
        Mar 8, 2023 to Mar 20, 2024
      • Pension RAUM · $3.1B to $3.4B
        Mar 8, 2023 to Mar 20, 2024
      • RAUM · $3.7B to $4.1B
        Mar 8, 2023 to Mar 20, 2024
      • Accounts · 18 to 17
        Jun 22, 2022 to Mar 6, 2023
      • Advisory employees · 11 to 12
        Jun 22, 2022 to Mar 6, 2023
      • Pension plan clients · 16 to 15
        Jun 22, 2022 to Mar 6, 2023
      • Employees · 12 to 13
        Jun 22, 2022 to Mar 6, 2023
      • Discretionary RAUM · $4.3B to $3.7B
        Jun 22, 2022 to Mar 6, 2023
      • Non-discretionary RAUM · $159M to $0
        Jun 22, 2022 to Mar 6, 2023
      • Pension RAUM · $3.7B to $3.1B
        Jun 22, 2022 to Mar 6, 2023
      • RAUM · $4.5B to $3.7B
        Jun 22, 2022 to Mar 6, 2023
      • Discretionary RAUM · $4.3B to $4.3B
        Mar 24, 2022 to Jun 22, 2022
      • Pension RAUM · $3.7B to $3.7B
        Mar 24, 2022 to Jun 22, 2022
      • RAUM · $4.5B to $4.5B
        Mar 24, 2022 to Jun 22, 2022
      • Accounts · 10 to 18
        Mar 22, 2021 to Mar 24, 2022
      • Pension plan clients · 8 to 16
        Mar 22, 2021 to Mar 24, 2022
      • Employees · 13 to 12
        Mar 22, 2021 to Mar 24, 2022
      • Other offices · 1 to 0
        Mar 22, 2021 to Mar 24, 2022
      • Discretionary RAUM · $2.0B to $4.3B
        Mar 22, 2021 to Mar 24, 2022
      • Non-discretionary RAUM · $124M to $159M
        Mar 22, 2021 to Mar 24, 2022
      • Pension RAUM · $1.5B to $3.7B
        Mar 22, 2021 to Mar 24, 2022
      Signals
      5 dated events
      • W•••••• B•••• (President) no longer on Schedule A of A•••••• A•••• M••••••••• L•• (listed 2023-03-08, absent 2024-03-20)
        Mar 20, 2024 · Control person left · inference
      • James Patrick Silvestri (Chief Investment Officer) no longer on Schedule A of A•••••• A•••• M••••••••• L•• (listed 2022-06-22, absent 2023-03-06)
        Mar 6, 2023 · Control person left · inference
      • A•••••• A•••• M••••••••• L•• reported RAUM $4.5B, up 108% from $2.2B (2021-03-22 to 2022-03-24)
        Mar 24, 2022 · RAUM change · derived
      • Gilchrist Catherine Sweeney (Managing Director) no longer on Schedule A of A•••••• A•••• M••••••••• L•• (listed 2021-03-22, absent 2022-03-24)
        Mar 24, 2022 · Control person left · inference
      • W•••••• B•••• (President) appeared on Schedule A of A•••••• A•••• M••••••••• L••
        Mar 22, 2021 · 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
      Website
      A••••••FUNDS.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      312-422-9200reportedpublic record, Form ADV, Mar 18, 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
      Institutional managerderiveda 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