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

Bel Air Management, LLC

Former SEC-registered adviserLos Angeles, CaliforniaCRD 121175SEC 801-61883IAPD
Latest filing Mar 26, 2019
First filing on the tape Mar 30, 2012 · 11 filings
RAUM
n/a
reported, Item 5.F
Discretionary
n/a
of RAUM
Private clients
n/a
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$632,636 as of Mar 29, 2016
Mar 30, 2012$45.2M then
HNW client RAUM: no history
State-registered IARs (5.B.3)4 as of Mar 26, 2019
Mar 26, 20138 then
Employees (5.A)8 as of Mar 26, 2019
Mar 26, 201313 then
Private funds1 as of Mar 29, 2016
Mar 30, 20122 then
RAUM n/a over the last fiscal yearIARs 4 to 4
Practice profile
derived from the filing of Mar 26, 2019; 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
unknownderivedRAUM over accounts (5.F.2.f)
Discretionary
unknownderivedof RAUM
Institutional
unknownderivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
otherreportedItem 5.G
Custody
$4.7M, 1 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
n/areported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$4.7M for 1 clientsreported
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
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Bel Air Absolute Return Fund LPno longer reportedOther Private Fund$632,6362Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • J Andrew Dunbar · General Counsel/Chief Compliance Officercontrol
        since 02/2015 · owns less than 5%
      Entity owners
      • Bel Air Investment Advisors LLC · Managing Member
        direct · owns 75% or more
      • Fiera Capital Corporation · Shareholder
        indirect · owns 75% or more of Fiera US Holding Inc.
      • Fiera US Holding Inc. · Shareholder
        indirect · owns 75% or more of Bel Air Investment Advisors LLC
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Assets in custody · $71.1M to $4.7M
        Mar 21, 2018 to Mar 26, 2019
      • Assets in custody · $96.9M to $71.1M
        Mar 29, 2017 to Mar 21, 2018
      • Insurance-licensed employees · 5 to 4
        Mar 29, 2017 to Mar 21, 2018
      • State-registered IARs · 5 to 4
        Mar 29, 2017 to Mar 21, 2018
      • Other offices · unset to 0.0
        Mar 29, 2017 to Mar 21, 2018
      • Accounts · 1.0 to unset
        Mar 29, 2016 to Mar 29, 2017
      • Assets in custody · $91.0M to $96.9M
        Mar 29, 2016 to Mar 29, 2017
      • Private funds · 1 to unset
        Mar 29, 2016 to Mar 29, 2017
      • Discretionary RAUM · 632636.0 to unset
        Mar 29, 2016 to Mar 29, 2017
      • Non-discretionary RAUM · 0.0 to unset
        Mar 29, 2016 to Mar 29, 2017
      • RAUM · 632636.0 to unset
        Mar 29, 2016 to Mar 29, 2017
      • BD registered reps · 5 to 7
        Jan 14, 2016 to Mar 29, 2016
      • Assets in custody · $146M to $91.0M
        Jan 14, 2016 to Mar 29, 2016
      • Employees · 7 to 8
        Jan 14, 2016 to Mar 29, 2016
      • Discretionary RAUM · $2.5M to $632,636
        Jan 14, 2016 to Mar 29, 2016
      • RAUM · $2.5M to $632,636
        Jan 14, 2016 to Mar 29, 2016
      • Assets in custody · $156M to $146M
        Jan 22, 2015 to Mar 31, 2015
      • Discretionary RAUM · $1.5M to $2.5M
        Jan 22, 2015 to Mar 31, 2015
      • RAUM · $1.5M to $2.5M
        Jan 22, 2015 to Mar 31, 2015
      • Assets in custody · $150M to $156M
        Nov 29, 2013 to Mar 31, 2014
      • Private funds · 2 to 1
        Nov 29, 2013 to Mar 31, 2014
      • Discretionary RAUM · $2.0M to $1.5M
        Nov 29, 2013 to Mar 31, 2014
      • RAUM · $2.0M to $1.5M
        Nov 29, 2013 to Mar 31, 2014
      • Advisory employees · 10 to 5
        Mar 26, 2013 to Nov 29, 2013
      • BD registered reps · 10 to 5
        Mar 26, 2013 to Nov 29, 2013
      • Assets in custody · $106M to $150M
        Mar 26, 2013 to Nov 29, 2013
      • Employees · 13 to 7
        Mar 26, 2013 to Nov 29, 2013
      • Insurance-licensed employees · 8 to 5
        Mar 26, 2013 to Nov 29, 2013
      • State-registered IARs · 8 to 5
        Mar 26, 2013 to Nov 29, 2013
      • Discretionary RAUM · $20.3M to $2.0M
        Mar 26, 2013 to Nov 29, 2013
      • RAUM · $20.3M to $2.0M
        Mar 26, 2013 to Nov 29, 2013
      • Related bank · false to true
        Mar 26, 2013 to Nov 29, 2013
      • Advisory employees · unset to 10.0
        Mar 30, 2012 to Mar 26, 2013
      • BD registered reps · unset to 10.0
        Mar 30, 2012 to Mar 26, 2013
      • Assets in custody · $99.2M to $106M
        Mar 30, 2012 to Mar 26, 2013
      • Employees · unset to 13.0
        Mar 30, 2012 to Mar 26, 2013
      • State-registered IARs · unset to 8.0
        Mar 30, 2012 to Mar 26, 2013
      • Discretionary RAUM · $45.2M to $20.3M
        Mar 30, 2012 to Mar 26, 2013
      • RAUM · $45.2M to $20.3M
        Mar 30, 2012 to Mar 26, 2013
      Signals
      1 dated events
      • Jean-Guy Desjardins (Shareholder) no longer on Schedule A of Bel Air Management, Llc (listed 2018-03-21, absent 2019-03-26)
        Mar 26, 2019 · Control person left · inference
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      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