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.

Former SEC-registered adviser

Biechele Royce Advisors, Inc.

Former SEC-registered adviserFishers, IndianaCRD 120742SEC 801-61284websiteIAPD
Latest filing Jun 26, 2024
First filing on the tape Nov 18, 2011 · 54 filings
SEC status approved since Jul 3, 2002
RAUM
$660M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
91%
$601M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
5
$46.7M gross assets
History
54 filings and snapshots on the tape
RAUM$660M as of Apr 3, 2024
May 7, 2012$179M then
HNW client RAUM$276M as of Apr 3, 2024
Mar 20, 2018$133M then
State-registered IARs (5.B.3)0 as of Apr 3, 2024
Apr 19, 20133 then
Employees (5.A)8 as of Apr 3, 2024
Apr 19, 20133 then
Private funds5 as of Apr 3, 2024
Feb 12, 20141 then
RAUM +10% over the last fiscal year+21% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 26, 2024; 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
$1.4MderivedHNW RAUM over HNW clients
Average account
$971,785derivedRAUM over accounts (5.F.2.f)
Discretionary
96%derivedof RAUM
Institutional
8.8%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
+10%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
+27%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 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
  • is an insurance broker or agent (6.A.6)
  • 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$326M49%
  • High-net-worth individuals$276M42%
  • Pension and profit-sharing plans$58.4M8.8%
Individual clients
465reported
HNW clients
191reported
Pension plan clients
23reported
Charitable clients
0reported
Accounts
679reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
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
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    9 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Eagle Income Fund, LLCPrivate Equity Fund$16.6M93Jun 4, 2015
    Ironwood Income Fund, LLC.Private Equity Fund$11.3M89Mar 8, 2021
    Bay Point Income FundPrivate Equity Fund$9.9M68Mar 5, 2019
    Eagle Income Fund III, LLC.Private Equity Fund$8.4M77Oct 24, 2023
    Sunrise Income Fund, LLCno longer reportedPrivate Equity Fund$5.0M45Dec 11, 2013
    Eagle Income II Fund, LLCno longer reportedPrivate Equity Fund$3.4M25Sep 18, 2019
    Ovation Income Fund, LLCPrivate Equity Fund$491,53065Jul 20, 2016
    International Currency Conversion, LLCno longer reportedPrivate Equity Fund$100,00040Apr 29, 2014
    Vitae Longevity FundPrivate Equity Fund$19,8731Jan 31, 2017
    Owners and control persons
    Schedule A and B, latest filing
    • Andrew Thomas Barrett · Chief Investment Officercontrol
      since 07/2007 · owns 5% to 10%
    • B Justin Whelan · President/Chief Compliance Officercontrol
      since 11/1994 · owns 75% or more
    Related persons
    Schedule D 7.A
    • Justin B Whelan III
      pooled vehicle sponsorn
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Crestview Hills, Ky000
    Fishers, In · principal000
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 537 to 679
      Oct 24, 2023 to Apr 3, 2024
    • HNW clients · 156 to 191
      Oct 24, 2023 to Apr 3, 2024
    • Individual clients · 362 to 465
      Oct 24, 2023 to Apr 3, 2024
    • Pension plan clients · 19 to 23
      Oct 24, 2023 to Apr 3, 2024
    • Discretionary RAUM · $552M to $632M
      Oct 24, 2023 to Apr 3, 2024
    • HNW RAUM · $248M to $276M
      Oct 24, 2023 to Apr 3, 2024
    • Individual RAUM · $304M to $326M
      Oct 24, 2023 to Apr 3, 2024
    • Non-discretionary RAUM · $47.0M to $27.7M
      Oct 24, 2023 to Apr 3, 2024
    • Pension RAUM · $47.0M to $58.4M
      Oct 24, 2023 to Apr 3, 2024
    • RAUM · $599M to $660M
      Oct 24, 2023 to Apr 3, 2024
    • Accounts · 587 to 537
      Mar 2, 2022 to Mar 13, 2023
    • Advisory employees · 4 to 8
      Mar 2, 2022 to Mar 13, 2023
    • HNW clients · 187 to 156
      Mar 2, 2022 to Mar 13, 2023
    • Individual clients · 384 to 362
      Mar 2, 2022 to Mar 13, 2023
    • Pension plan clients · 16 to 19
      Mar 2, 2022 to Mar 13, 2023
    • Employees · 7 to 8
      Mar 2, 2022 to Mar 13, 2023
    • State-registered IARs · 7 to 0
      Mar 2, 2022 to Mar 13, 2023
    • Private funds · 6 to 5
      Mar 2, 2022 to Mar 13, 2023
    • Discretionary RAUM · $461M to $552M
      Mar 2, 2022 to Mar 13, 2023
    • HNW RAUM · $227M to $248M
      Mar 2, 2022 to Mar 13, 2023
    • Individual RAUM · $234M to $304M
      Mar 2, 2022 to Mar 13, 2023
    • Non-discretionary RAUM · $42.5M to $47.0M
      Mar 2, 2022 to Mar 13, 2023
    • Pension RAUM · $42.5M to $47.0M
      Mar 2, 2022 to Mar 13, 2023
    • RAUM · $503M to $599M
      Mar 2, 2022 to Mar 13, 2023
    • Accounts · 529 to 587
      Nov 1, 2021 to Mar 2, 2022
    • Advisory employees · 3 to 4
      Nov 1, 2021 to Mar 2, 2022
    • HNW clients · 159 to 187
      Nov 1, 2021 to Mar 2, 2022
    • Individual clients · 359 to 384
      Nov 1, 2021 to Mar 2, 2022
    • Pension plan clients · 11 to 16
      Nov 1, 2021 to Mar 2, 2022
    • Discretionary RAUM · $334M to $461M
      Nov 1, 2021 to Mar 2, 2022
    • HNW RAUM · $164M to $227M
      Nov 1, 2021 to Mar 2, 2022
    • Individual RAUM · $169M to $234M
      Nov 1, 2021 to Mar 2, 2022
    • Non-discretionary RAUM · $34.6M to $42.5M
      Nov 1, 2021 to Mar 2, 2022
    • Pension RAUM · $34.6M to $42.5M
      Nov 1, 2021 to Mar 2, 2022
    • RAUM · $368M to $503M
      Nov 1, 2021 to Mar 2, 2022
    • Accounts · 479 to 529
      Jun 29, 2020 to Mar 8, 2021
    • Advisory employees · 7 to 3
      Jun 29, 2020 to Mar 8, 2021
    • HNW clients · 119 to 159
      Jun 29, 2020 to Mar 8, 2021
    • Individual clients · 354 to 359
      Jun 29, 2020 to Mar 8, 2021
    • Pension plan clients · 8 to 11
      Jun 29, 2020 to Mar 8, 2021
    Signals
    14 dated events
    • Biechele Royce Advisors, Inc. no longer on the SEC adviser roster (last listed 2025-02-03, RAUM $659.8M)
      Mar 6, 2025 · Left the SEC roster · derived
    • Justin B Whelan left Biechele Royce Advisors, Inc. for Vivaldi Capital Management Lp (registered 2024-11-21)
      Feb 21, 2025 · Advisor changed firm · fact
    • George Sidney Sparks left Biechele Royce Advisors, Inc. for Barnes Dennig Private Wealth Management, Llc (registered 2024-11-19)
      Feb 21, 2025 · Advisor changed firm · fact
    • Andrew Joseph Bertke left Biechele Royce Advisors, Inc. for Barnes Dennig Private Wealth Management, Llc (registered 2024-11-19)
      Feb 21, 2025 · Advisor changed firm · fact
    • Thomas Andrew Barrett left Biechele Royce Advisors, Inc. for Vivaldi Capital Management Lp (registered 2024-11-21)
      Feb 21, 2025 · Advisor changed firm · fact
    • 2 advisors left Biechele Royce Advisors, Inc. (Fishers, IN) for Vivaldi Capital Management LP on the same day
      Feb 21, 2025 · Team lift-out · derived
    • Rachel Ann Leahy left Biechele Royce Advisors, Inc. for Vivaldi Capital Management Lp (registered 2024-11-26)
      Dec 16, 2024 · Advisor changed firm · fact
    • Matthew Charles Sanchez left Biechele Royce Advisors, Inc. for Vivaldi Capital Management Lp (registered 2024-11-27)
      Dec 16, 2024 · Advisor changed firm · fact
    • Andrew Jeffrey Hitchcock Schuler left Biechele Royce Advisors, Inc. for Vivaldi Capital Management Lp (registered 2024-12-19)
      Dec 16, 2024 · Advisor changed firm · fact
    • Carlos Alberto Sanchez left Biechele Royce Advisors, Inc. for Vivaldi Capital Management Lp (registered 2024-11-26)
      Dec 16, 2024 · Advisor changed firm · fact
    • Stephen Reynolds Allen left Biechele Royce Advisors, Inc. for Osaic Wealth, Inc. (registered 2026-07-15)
      Dec 16, 2024 · Advisor changed firm · fact
    • 4 advisors left Biechele Royce Advisors, Inc. (Fishers, IN) for Vivaldi Capital Management LP on the same day
      Dec 16, 2024 · Team lift-out · derived
    • Biechele Royce Advisors, Inc. reported RAUM $503.3M, up 37% from $368.4M (2021-11-01 to 2022-03-02)
      Mar 2, 2022 · RAUM change · derived
    • Biechele Royce Advisors, Inc. reported RAUM $368.4M, up 46% from $251.6M (2020-06-29 to 2021-03-08)
      Mar 8, 2021 · RAUM change · derived
    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