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

H••••• C•••••• M••••••••• L••

Wealth manager with institutional or fund businessNew York, New YorkCRD 119278SEC 801-60945websiteIAPD
Latest filing Mar 23, 2026
First filing on the tape Mar 30, 2012 · 44 filings
SEC status approved since Feb 22, 2002
RAUM
$8.7B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
45%
$3.9B individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$2.2B
derived; firm RAUM over IAPD count
Employees
24
14 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
44 filings and snapshots on the tape
RAUM$8.7B as of Mar 23, 2026
Mar 30, 2012$1.7B then
HNW client RAUM$3.8B as of Mar 23, 2026
Mar 30, 2018$1.7B then
State-registered IARs (5.B.3)0 as of Mar 23, 2026
Mar 13, 20130 then
Employees (5.A)24 as of Mar 23, 2026
Mar 13, 201316 then
Private funds2 as of Mar 23, 2026
Mar 30, 20122 then
RAUM +4.5% over the last fiscal year+11% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 23, 2026; every figure names its basis
Archetypes, each a printed rule
RAUM per advisor
$2.2BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
399derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.8MderivedHNW RAUM over HNW clients
Average account
$4.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
11%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
6.0derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+4.5%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
-0.4%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
yesreportedItem 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)
  • 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)
  • 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$3.8B43%
  • Investment companies$1.6B19%
  • Corporations and businesses$1.2B13%
  • Pooled investment vehicles$1.0B12%
  • Pension and profit-sharing plans$391M4.5%
  • Charitable organizations$367M4.2%
  • State and municipal entities$203M2.3%
  • Individuals$138M1.6%
Individual clients
243reported
HNW clients
1,351reported
Pension plan clients
18reported
Charitable clients
51reported
Accounts
1,924reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $431M managedreported
Custody of client assets
$0 for 0 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.45 fund_share=0.31 institutional_share=0.11 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
M•••••• M• T•••Chartered Financial AnalystNew York, NyMar 18, 202218 y0
N•••••••• P••••• F••••••••Chartered Financial AnalystNew York, NyMar 18, 202210 y1
C••••••••• M•••••• D••••••Chartered Financial AnalystNew York, NyJun 1, 202227 y0
D••••• L••New York, NySep 26, 202210 y0
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
    Private funds
    2 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    H••••• I••••• P••• F•••• L•Other Private Fund$295M356Mar 30, 2012
    H••••• Y•••• P•••••••• L•Other Private Fund$141M92Mar 30, 2012
    Owners and control persons
    Schedule A and B, latest filing
    • F••••••• D••••••• A••• · Chief Operating Officercontrol
      since 09/2004 · owns 5% to 10%
    • L••••••• R•••••• A•••••••• · Chief Financial Officercontrol
      since 03/2013 · owns less than 5%
    • R•••• J•••••• •••• · General Counsel / Chief Compliance Officercontrol
      since 07/2015 · owns less than 5%
    • S••••••• L•••• C••••••• M•••••••• · Ownercontrol
      since 01/2008 · owns 50% to 75%
    • S••••••• M•••• •••• · Chief Executive Officercontrol
      since 01/2003 · owns 50% to 75%
    • B••••• J•••••• J••• · Fixed I••••• Portfolio Manager
      since 07/2004 · owns 10% to 25%
    • D•••••• C••••••••• M•••••• · Equity Portfolio Manager
      since 07/2001 · owns 5% to 10%
    • G••••••• C••••••• S•••••• · Equity Pm And Relationship Manager
      since 01/2010 · owns 10% to 25%
    • S••••••• P•••••• B•••• · Fixed I••••• Analyst
      since 01/2026 · owns 5% to 10%
    • T•••• M••••••• M• · Equity Portfolio Manager
      since 01/2026 · owns 5% to 10%
    Related persons
    Schedule D 7.A
    • H••••• C•••••• A•••••••• L••
      n
    • H••••••••• G•• L••
      pooled vehicle sponsorn
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    New York, Ny · principal400
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • control person changedChange between filings · filing Mar 23, 2026
      S••••••• L•••• C••••••• M•••••••• (OWNER) left Schedule A between the filings of 2017-01-25 and 2026-03-23
      peers: independent wealth managers, $5B to $20B (289)
    What changed
    consecutive filings, newest first
    • Accounts · 1,911 to 1,924
      Apr 2, 2025 to Mar 23, 2026
    • Advisory employees · 13 to 14
      Apr 2, 2025 to Mar 23, 2026
    • Charity clients · 49 to 51
      Apr 2, 2025 to Mar 23, 2026
    • Corporate clients · 190 to 220
      Apr 2, 2025 to Mar 23, 2026
    • HNW clients · 1,339 to 1,351
      Apr 2, 2025 to Mar 23, 2026
    • Individual clients · 262 to 243
      Apr 2, 2025 to Mar 23, 2026
    • Pension plan clients · 17 to 18
      Apr 2, 2025 to Mar 23, 2026
    • Pooled vehicle clients · 36 to 23
      Apr 2, 2025 to Mar 23, 2026
    • Employees · 22 to 24
      Apr 2, 2025 to Mar 23, 2026
    • Discretionary RAUM · $8.3B to $8.7B
      Apr 2, 2025 to Mar 23, 2026
    • HNW RAUM · $3.7B to $3.8B
      Apr 2, 2025 to Mar 23, 2026
    • Individual RAUM · $149M to $138M
      Apr 2, 2025 to Mar 23, 2026
    • Pension RAUM · $351M to $391M
      Apr 2, 2025 to Mar 23, 2026
    • Pooled vehicle RAUM · $1.1B to $1.0B
      Apr 2, 2025 to Mar 23, 2026
    • RAUM · $8.3B to $8.7B
      Apr 2, 2025 to Mar 23, 2026
    • Wrap assets (manager) · $505M to $431M
      Apr 2, 2025 to Mar 23, 2026
    • Accounts · 1,796 to 1,911
      Mar 21, 2024 to Apr 2, 2025
    • Charity clients · 47 to 49
      Mar 21, 2024 to Apr 2, 2025
    • Corporate clients · 170 to 190
      Mar 21, 2024 to Apr 2, 2025
    • HNW clients · 1,238 to 1,339
      Mar 21, 2024 to Apr 2, 2025
    • Individual clients · 271 to 262
      Mar 21, 2024 to Apr 2, 2025
    • Financial planning clients · unset to
      Mar 21, 2024 to Apr 2, 2025
    • Discretionary RAUM · $7.1B to $8.3B
      Mar 21, 2024 to Apr 2, 2025
    • HNW RAUM · $3.2B to $3.7B
      Mar 21, 2024 to Apr 2, 2025
    • Individual RAUM · $152M to $149M
      Mar 21, 2024 to Apr 2, 2025
    • Pension RAUM · $243M to $351M
      Mar 21, 2024 to Apr 2, 2025
    • Pooled vehicle RAUM · $1.2B to $1.1B
      Mar 21, 2024 to Apr 2, 2025
    • RAUM · $7.1B to $8.3B
      Mar 21, 2024 to Apr 2, 2025
    • Wrap assets (manager) · $548M to $505M
      Mar 21, 2024 to Apr 2, 2025
    • Accounts · 1,540 to 1,796
      Jan 2, 2024 to Mar 21, 2024
    • Charity clients · 49 to 47
      Jan 2, 2024 to Mar 21, 2024
    • Corporate clients · 145 to 170
      Jan 2, 2024 to Mar 21, 2024
    • HNW clients · 1,009 to 1,238
      Jan 2, 2024 to Mar 21, 2024
    • Individual clients · 263 to 271
      Jan 2, 2024 to Mar 21, 2024
    • Pooled vehicle clients · 40 to 36
      Jan 2, 2024 to Mar 21, 2024
    • Discretionary RAUM · $6.3B to $7.1B
      Jan 2, 2024 to Mar 21, 2024
    • HNW RAUM · $2.8B to $3.2B
      Jan 2, 2024 to Mar 21, 2024
    • Individual RAUM · $145M to $152M
      Jan 2, 2024 to Mar 21, 2024
    • Pension RAUM · $201M to $243M
      Jan 2, 2024 to Mar 21, 2024
    • Pooled vehicle RAUM · $1.2B to $1.2B
      Jan 2, 2024 to Mar 21, 2024
    Signals
    1 dated events
    • (Nmn) Vivian Pan (Senior Adviser) no longer on Schedule A of H••••• C•••••• M••••••••• L•• (listed 2018-09-11, absent 2019-02-06)
      Feb 6, 2019 · 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 email
    i•••@h•••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business email
    b••••••••@h•••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business email
    b••••••••@h•••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business email
    c••••••@h•••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business email
    d•••••••@h•••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business email
    j•••••@h•••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business email
    j••••••••@h•••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business email
    j••••@h•••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business email
    k•••••@h•••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business email
    m•••••@h•••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business email
    m•••••••@h•••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business email
    m•••••••@h•••••••.comreportedpublished 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
    Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $2.2Bderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026